Investments

12 Months Ended

Dec. 30, 2017

Investments [Abstract]

Investments

Investments

Available-for-sale investments at the end of 2017 were as follows:

(In thousands)	Adjusted Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Cash equivalents:
Money market funds	$	99,472	$	—	$	—		$	99,472
Time deposits	60,226		—		—			60,226
Government and corporate bonds	850		—		—			850
Total cash equivalents	160,548		—		—			160,548
Short-term investments:
Time deposits	40,186		—		—			40,186
Commercial paper	147,646		2		(139		)	147,509
Government and corporate bonds	247,626		—		(477		)	247,149
Total short-term investments	435,458		2		(616		)	434,844
Long-term investments:
Government and corporate bonds	185,478		—		(1,026		)	184,452
Total available-for-sale investments	$	781,484	$	2	$	(1,642	)	$	779,844

Available-for-sale investments at the end of 2016 were as follows:

(In thousands)	Adjusted Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Cash equivalents:
Money market funds	$	23,110	$	—	$	—		$	23,110
Time deposits	11,477		—		—			11,477
Total cash equivalents	34,587		—		—			34,587
Short-term investments:
Time deposits	40,639		—		—			40,639
Commercial paper	22,325		—		(24		)	22,301
Government and corporate bonds	122,729		3		(84		)	122,648
Total short-term investments	185,693		3		(108		)	185,588
Long-term investments:
Government and corporate bonds	95,806		—		(438		)	95,368
Total available-for-sale investments	$	316,086	$	3	$	(546	)	$	315,543

Investments reported under the cost method of accounting as of December 30, 2017 and December 31, 2016 were $11 million and $12 million, respectively. Investments reported under the equity method of accounting were $2 million at both December 30, 2017 and December 31, 2016, respectively.

We sold available-for-sale investments for proceeds of $29 million and $245 million in 2017 and 2016, respectively, resulting in insignificant gains/losses in each period.