Fair Value (Tables)

6 Months Ended

Jul. 01, 2023

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

Assets and Liabilities Measured and Recorded at Fair Value on a Recurring Basis

	Jul 1, 2023								Dec 31, 2022
	Fair Value Measured and Recorded at Reporting Date Using								Fair Value Measured and Recorded at Reporting Date Using
(In Millions)	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Assets
Cash equivalents:
Corporate debt	$	—	$	1,077	$	—	$	1,077	$	—	$	856	$	—	$	856
Financial institution instruments¹	3,046		1,587		—		4,633		6,899		1,474		—		8,373
Reverse repurchase agreements	—		1,700		—		1,700		—		1,301		—		1,301
Short-term investments:
Corporate debt	—		6,158		—		6,158		—		5,381		—		5,381
Financial institution instruments¹	96		3,731		—		3,827		196		4,729		—		4,925
Government debt²	49		5,874		—		5,923		48		6,840		—		6,888
Other current assets:
Derivative assets	197		963		—		1,160		—		1,264		—		1,264
Loans receivable	—		55		—		55		—		53		—		53
Marketable equity securities	1,295		—		—		1,295		1,341		—		—		1,341
Other long-term assets:
Derivative assets	—		5		—		5		—		10		—		10
Total assets measured and recorded at fair value	$	4,683	$	21,150	$	—	$	25,833	$	8,484	$	21,908	$	—	$	30,392
Liabilities
Other accrued liabilities:
Derivative liabilities	$	—	$	446	$	101	$	547	$	111	$	485	$	89	$	685
Other long-term liabilities:
Derivative liabilities	—		722		—		722		—		699		—		699
Total liabilities measured and recorded at fair value	$	—	$	1,168	$	101	$	1,269	$	111	$	1,184	$	89	$	1,384

1Level 1 investments consist of money market funds. Level 2 investments consist primarily of certificates of deposit, time deposits, and notes and bonds issued by financial institutions.

2Level 1 investments consist primarily of US Treasury securities. Level 2 investments consist primarily of non-US government debt.