Available-for-sale investments at June 29, 2013 were as follows:



(In thousands)	Adjusted Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value

Cash equivalents:
Money market funds	$	28,921	$	—	$	—		$	28,921
Time deposits	10,499		—		—			10,499
Government and corporate bonds	1,065		—		—			1,065
Total cash equivalents	40,485		—		—			40,485

Short-term investments:
Time deposits	50,985		3		(1		)	50,987
Commercial paper	81,500		24		(12		)	81,512
Government and corporate bonds	566,013		362		(120		)	566,255
Total short-term investments	698,498		389		(133		)	698,754

Long-term investments:
Time deposits	3,985		10		(2		)	3,993
Government and corporate bonds	503,948		56		(1,397		)	502,607
Total long-term investments	507,933		66		(1,399		)	506,600

Total available-for-sale investments	$	1,246,916	$	455	$	(1,532	)	$	1,245,839

Available-for-sale investments at December 29, 2012 were as follows:



(In thousands)	Adjusted Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value

Cash equivalents:
Money market funds	$	68,267	$	—	$	—		$	68,267
Time deposits	24,068		—		—			24,068
Total cash equivalents	92,335		—		—			92,335

Short-term investments:
Time deposits	90,535		17		(2		)	90,550
Commercial paper	86,500		15		(57		)	86,458
Government and corporate bonds	542,236		497		(76		)	542,657
Total short-term investments	719,271		529		(135		)	719,665

Long-term investments:
Time deposits	6,190		10		(3		)	6,197
Government and corporate bonds	496,845		324		(399		)	496,770
Total long-term investments	503,035		334		(402		)	502,967

Total available-for-sale investments	$	1,314,641	$	863	$	(537	)	$	1,314,967