v3.22.4
Fair Value (Tables)
 12 Months Ended
Dec. 31, 2022
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
December 31, 2022December 25, 2021
Fair Value Measured and
Recorded at Reporting Date Using
Total
Fair Value Measured and
Recorded at Reporting Date Using		Total
(In Millions)
Level 1
Level 2
Level 3
Level 1Level 2Level 3
Assets
Cash equivalents:
Corporate debt$— $856 $— $856 $—$65 $—$65 
Financial institution instruments1
6,899 1,474 — 8,373 1,216 763 —1,979 
Reverse repurchase
    agreements		— 1,301 — 1,301 —1,595 —1,595 
Short-term investments:
Corporate debt— 5,381 — 5,381 —6,367 —6,367 
Financial institution instruments1
196 4,729 — 4,925 154 5,162 —5,316 
Government debt2
48 6,840 — 6,888 50 12,693 —12,743 
Other current assets:
Derivative assets— 1,264 — 1,264 80 576 —656 
Loans receivable3
— 53 — 53 —152 —152 
Marketable equity securities4
1,341 — — 1,341 1,854 317 —2,171 
Other long-term assets:
Derivative assets— 10 — 10 —772 7 779 
Loans receivable3
— — — — —57 —57 
Total assets measured and recorded at fair value$8,484 $21,908 $— $30,392 $3,354 $28,519 $7 $31,880 
Liabilities
Other accrued liabilities:
Derivative liabilities$111 $485 $89 $685 $4$516 $—$520 
Other long-term liabilities:
Derivative liabilities— 699 — 699 —9 —9 
Total liabilities measured and recorded at fair value$111 $1,184 $89 $1,384 $4$525 $—$529 
1.Level 1 investments consist of money market funds recorded at Net Asset Value. Level 2 investments consist primarily of commercial paper, certificates of deposit, time deposits, and notes and bonds issued by financial institutions
2.Level 1 investments consist primarily of US Treasury securities. Level 2 investments consist primarily of non-US government debt.
3.The fair value of our loans receivable for which we elected the fair value option did not significantly differ from the contractual principal balance.
4.Level 2 investments consist of marketable equity securities subject to security-specific restrictions for which a fair value adjustment was recorded.