INVESTMENTS (Tables)
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9 Months Ended |
Oct. 02, 2026 |
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| Investments, Debt and Equity Securities [Abstract] |
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| Carrying value of equity securities by balance sheet location |
The carrying values of our equity securities were included in the following line items in our consolidated balance sheets (in millions): | | | | | | | | | | Fair Value with Changes Recognized in Income | Measurement Alternative — No Readily Determinable Fair Value | | October 2, 2026 | | | | | | | Marketable securities | $ | 560 | | $ | — | | | | | | Other noncurrent assets | 2,670 | | 120 | | | Total equity securities | $ | 3,230 | | $ | 120 | | | December 31, 2025 | | | | | | | Marketable securities | $ | 489 | | $ | — | | | | | | Other noncurrent assets | 2,100 | | 44 | | | Total equity securities | $ | 2,589 | | $ | 44 | |
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| Unrealized Gain (Loss) on Investments |
The calculation of net unrealized gains and losses recognized during the period related to equity securities still held at the end of the period is as follows (in millions): | | | | | | | | | | | | | | | | | | | Three Months Ended | | Nine Months Ended | | October 2,
2026 | September 26,
2025 | | October 2,
2026 | September 26,
2025 | | Net gains (losses) recognized during the period related to equity securities | $ | 40 | | $ | 165 | | | $ | 345 | | $ | 315 | | | Less: Net gains (losses) recognized during the period related to equity securities sold during the period | (13) | | 17 | | | 33 | | 38 | | | Net unrealized gains (losses) recognized during the period related to equity securities still held at the end of the period | $ | 53 | | $ | 148 | | | $ | 312 | | $ | 277 | | | | | | | | | | | | | |
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| Schedule of available-for-sale and trading securities |
Our debt securities consisted of the following (in millions): | | | | | | | | | | | | | | | | | Gross Unrealized | Estimated
Fair Value | | Cost | Gains | Losses | | October 2, 2026 | | | | | Trading securities | $ | 47 | | $ | — | | $ | (1) | | $ | 46 | | Available-for-sale securities1 | 2,731 | | 18 | | (77) | | 2,672 | | Total debt securities | $ | 2,778 | | $ | 18 | | $ | (78) | | $ | 2,718 | | | December 31, 2025 | | | | | Trading securities | $ | 49 | | $ | 1 | | $ | — | | $ | 50 | | Available-for-sale securities1 | 1,816 | | 23 | | (65) | | 1,774 | | Total debt securities | $ | 1,865 | | $ | 24 | | $ | (65) | | $ | 1,824 | |
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| Carrying values of debt securities by balance sheet location |
The carrying values of our debt securities were included in the following line items in our consolidated balance sheets (in millions): | | | | | | | | | | | | | | | | | | | October 2, 2026 | | December 31, 2025 | | Trading Securities | Available-for-Sale Securities | | Trading Securities | Available-for-Sale Securities | | | | | | | Marketable securities | $ | 46 | | $ | 2,304 | | | $ | 50 | | $ | 1,395 | | Other noncurrent assets | — | | 368 | | | — | | 379 | | | Total debt securities | $ | 46 | | $ | 2,672 | | | $ | 50 | | $ | 1,774 | |
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| Contractual maturities of available-for-sale debt securities |
The contractual maturities of these available-for-sale debt securities as of October 2, 2026 were as follows (in millions): | | | | | | | | | | | | | Cost | Estimated
Fair Value | | | | | Within 1 year | $ | 880 | | $ | 863 | | | | | | After 1 year through 5 years | 1,635 | | 1,607 | | | | | | After 5 years through 10 years | 33 | | 34 | | | | | | After 10 years | 183 | | 168 | | | | | | Total | $ | 2,731 | | $ | 2,672 | | | | |
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| Realized Gain (Loss) on Investments |
The sale and/or maturity of available-for-sale debt securities resulted in the following realized activity (in millions): | | | | | | | | | | | | | | | | | | | Three Months Ended | | Nine Months Ended | | October 2,
2026 | September 26,
2025 | | October 2,
2026 | September 26,
2025 | | Gross gains | $ | 1 | | $ | — | | | $ | 3 | | $ | 3 | | | Gross losses | (2) | | (1) | | | (5) | | (5) | | | Proceeds | 82 | | 397 | | | 653 | | 604 | |
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