Investments (Tables)

3 Months Ended

Mar. 30, 2024

Investments, Debt and Equity Securities [Abstract]

Investments Classified by Contractual Maturity Date [Table Text Block]

The fair value of marketable debt investments, by contractual maturity, as of March 30, 2024, was as follows:

(In Millions)	Fair Value
Due in 1 year or less	$	5,579
Due in 1–2 years	2,457
Due in 2–5 years	6,915
Due after 5 years	433
Instruments not due at a single maturity date1	2,460
Total	$	17,844

1 Instruments not due at a single maturity date is comprised of money market fund deposits, which are classified as either short-term investments or cash and cash equivalents.

Investment [Table Text Block]

(In Millions)	Mar 30, 2024		Dec 30, 2023
Marketable equity securities1	$	1,471	$	1,194
Non-marketable equity securities	4,664		4,630
Equity method investments	4		5
Total	$	6,139	$	5,829

1    Approximately 90% of our marketable equity securities are subject to trading-volume or market-based restrictions, which limit the number of shares we may sell in a specified period of time, impacting our ability to liquidate these investments. Certain of the trading volume restrictions generally apply for as long as we own more than 1% of the outstanding shares. Market-based restrictions result from the rules of the respective exchange.

Gain (Loss) on Securities [Table Text Block]

The components of gains (losses) on equity investments, net for each period were as follows:

	Three Months Ended
(In Millions)	Mar 30, 2024		Apr 1, 2023
Ongoing mark-to-market adjustments on marketable equity securities	$	(91)	$	188
Observable price adjustments on non-marketable equity securities	24		10
Impairment charges	(69)		(36)
Sale of equity investments and other1	341		7
Total gains (losses) on equity investments, net	$	205	$	169

1 Sale of equity investments and other includes initial fair value adjustments recorded upon a security becoming marketable, realized gains (losses) on sales of non-marketable equity investments and equity method investments, and our share of equity method investee gains (losses) and distributions.