v3.25.4
Cash, cash equivalents and current marketable securities
 12 Months Ended
Dec. 28, 2025
Cash and Cash Equivalents [Abstract]  
Cash, cash equivalents and current marketable securities Cash, cash equivalents and current marketable securities
At the end of the fiscal year 2025 and 2024, cash, cash equivalents and current marketable securities comprised:
(Dollars in Millions)2025
Carrying
Amount		Estimated
Fair Value		Cash & Cash
Equivalents		Current
Marketable
Securities
Cash$3,2993,2993,299—
U.S. Reverse repurchase agreements7,0637,0637,063—
Money market funds5,9935,9935,993—
Time deposits(1)
893893893—
Subtotal $17,24817,24817,248—
U.S. Gov't Securities$2,3652,3652,32441
Other Sovereign Securities260260102158
Corporate and other debt securities22922935194
Subtotal available for sale(2)
$2,8542,8542,461393
Total cash, cash equivalents and current marketable securities
$19,709393
(Dollars in Millions)2024
Carrying
Amount		Unrecognized
Gain		Estimated
Fair Value		Cash & Cash
Equivalents		Current
Marketable
Securities
Cash$2,918—2,9182,918—
Non-U.S. Sovereign Securities(1)
120—120—120
U.S. Reverse repurchase agreements7,100—7,1007,100—
Money market funds6,123—6,1236,123—
Time deposits(1)
1,045—1,0451,045—
Subtotal 17,306—17,30617,186120
U.S. Gov't Securities$6,81516,8166,79620
Other Sovereign Securities176—1768393
Corporate and other debt securities224—22440184
Subtotal available for sale(2)
$7,21517,2166,919297
Total cash, cash equivalents and current marketable securities
$24,105417
(1)Held to maturity investments are reported at amortized cost and realized gains or losses are reported in earnings.
(2)Available for sale debt securities are reported at fair value with unrealized gains and losses reported net of taxes in other comprehensive income.
Fair value of government securities and obligations and corporate debt securities were estimated using quoted broker prices and significant other observable inputs.
The contractual maturities of the available for sale debt securities at December 28, 2025 are as follows:
(Dollars in Millions)Cost BasisFair Value
Due within one year$2,8292,829
Due after one year through five years2525
Due after five years through ten years——
Total debt securities$2,8542,854
The Company invests its excess cash in both deposits with major banks throughout the world and other high-quality money market instruments. The Company has a policy of making investments only with commercial institutions that have at least an investment grade credit rating.