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Investments
 12 Months Ended
Jan. 03, 2015
Investments [Abstract]  
Investments
Investments

Available-for-sale investments at the end of 2014 were as follows:
(In thousands)
 
Adjusted Cost
 
Gross Unrealized Gains
 
Gross Unrealized Losses
 
Fair Value
 
 
 
 
 
 
 
 
 
Cash equivalents:
 
 
 
 
 
 
 
 
Money market funds
 
$
189,137

 
$
—

 
$
—

 
$
189,137

Time deposits
 
9,989

 
—

 
—

 
9,989

Commercial Paper
 
115,638

 
—

 
—

 
115,638

Total cash equivalents
 
314,764

 
—

 
—

 
314,764

 
 
 
 
 
 
 
 
 
Short-term investments:
 
 
 
 
 
 
 
 
Time deposits
 
52,830

 
—

 
(1
)
 
52,829

Commercial paper
 
435,555

 
1

 
(12
)
 
435,544

Government and corporate bonds
 
297,311

 
69

 
(90
)
 
297,290

Total short-term investments
 
785,696

 
70

 
(103
)
 
785,663

 
 
 
 
 
 
 
 
 
Long-term investments:
 
 
 
 
 
 
 
 
Government and corporate bonds
 
219,439

 
26

 
(500
)
 
218,965

 
 
 
 
 
 
 
 
 
Total available-for-sale investments
 
$
1,319,899

 
$
96

 
$
(603
)
 
$
1,319,392



Available-for-sale investments at the end of 2013 were as follows:
(In thousands)
 
Adjusted Cost
 
Gross Unrealized Gains
 
Gross Unrealized Losses
 
Fair Value
 
 
 
 
 
 
 
 
 
Cash equivalents:
 
 
 
 
 
 
 
 
Money market funds
 
$
57,254

 
$
—

 
$
—

 
$
57,254

Time deposits
 
7,771

 
—

 
—

 
7,771

Commercial Paper
 
3,000

 
—

 
—

 
3,000

Government and corporate bonds
 
410

 
—

 
—

 
410

Total cash equivalents
 
68,435

 
—

 
—

 
68,435

 
 
 
 
 
 
 
 
 
Short-term investments:
 
 
 
 
 
 
 
 
Time deposits
 
70,303

 
12

 
—

 
70,315

Commercial paper
 
33,750

 
1

 
(9
)
 
33,742

Government and corporate bonds
 
572,670

 
356

 
(79
)
 
572,947

Total short-term investments
 
676,723

 
369

 
(88
)
 
677,004

 
 
 
 
 
 
 
 
 
Long-term investments:
 
 
 
 
 
 
 
 
Government and corporate bonds
 
542,644

 
346

 
(279
)
 
542,711

 
 
 
 
 
 
 
 
 
Total available-for-sale investments
 
$
1,287,802

 
$
715

 
$
(367
)
 
$
1,288,150



Investments reported under the cost method of accounting as of January 3, 2015 and December 28, 2013 were $8.7 million and $7.2 million, respectively. Investments reported under the equity method of accounting as of January 3, 2015 and December 28, 2013 were $3.5 million and $5.0 million, respectively.

We sold available-for-sale investments for proceeds of $697.9 million and $125.3 million in 2014 and 2013, respectively, resulting in insignificant gains.