Investments (Tables)
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6 Months Ended |
Jun. 26, 2020 |
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| Investments [Abstracts] |
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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 | | | June 26, 2020 | June 28, 2019 | | Net gains (losses) recognized during the period related to equity securities | $ | 242 | | $ | (13) | | Less: Net gains (losses) recognized during the period related to equity securities sold
during the period | 13 | | 1 | | Net unrealized gains (losses) recognized during the period related to equity securities
still held at the end of the period | $ | 229 | | $ | (14) | | | | | | | |
| | | | | | | | | | Six Months Ended | | | June 26, 2020 | June 28, 2019 | | Net gains (losses) recognized during the period related to equity securities | $ | (154) | | $ | 134 | | Less: Net gains (losses) recognized during the period related to equity securities sold
during the period | (31) | | 13 | | Net unrealized gains (losses) recognized during the period related to equity securities
still held at the end of the period | $ | (123) | | $ | 121 | | | | | | | |
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| Carrying value of equity securities by balance sheet location [Table Text Block] |
The carrying values of our equity securities were included in the following line items in our condensed consolidated balance sheets (in millions): | | | | | | | | | | Fair Value with Changes Recognized in Income | Measurement Alternative — No Readily Determinable Fair Value | | June 26, 2020 | | | | | | | Marketable securities | $ | 276 | | $ | — | | | Other investments | 699 | | 47 | | | Other assets | 998 | | — | | | Total equity securities | $ | 1,973 | | $ | 47 | | | December 31, 2019 | | | | | | | Marketable securities | $ | 329 | | $ | — | | | Other investments | 772 | | 82 | | | Other assets | 1,118 | | — | | | Total equity securities | $ | 2,219 | | $ | 82 | |
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| Schedule of debt securities [Table Text Block] |
Our debt securities consisted of the following (in millions): | | | | | | | | | | | | | | | | | Gross Unrealized | | Estimated Fair Value | | Cost | Gains | Losses | | | June 26, 2020 | | | | | Trading securities | $ | 34 | | $ | 1 | | $ | (1) | | $ | 34 | | Available-for-sale securities | 2,176 | | 79 | | (2) | | 2,253 | | Total debt securities | $ | 2,210 | | $ | 80 | | $ | (3) | | $ | 2,287 | | | December 31, 2019 | | | | | Trading securities | $ | 46 | | $ | 1 | | $ | — | | $ | 47 | | Available-for-sale securities | 3,172 | | 113 | | (4) | | 3,281 | | Total debt securities | $ | 3,218 | | $ | 114 | | $ | (4) | | $ | 3,328 | |
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| Fair value of debt securities by balance sheet location [Table Text Block] |
The carrying values of our debt securities were included in the following line items in our condensed consolidated balance sheets (in millions): | | | | | | | | | | | | | | | | | | | June 26, 2020 | | | December 31, 2019 | | | Trading Securities | Available-for-Sale Securities | | Trading Securities | Available-for-Sale Securities | Cash and cash equivalents | $ | — | | $ | 59 | | | $ | — | | $ | 123 | | Marketable securities | 34 | | 1,918 | | | 47 | | 2,852 | | Other assets | — | | 276 | | | — | | 306 | | | Total debt securities | $ | 34 | | $ | 2,253 | | | $ | 47 | | $ | 3,281 | |
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| Realized Gain (Loss) on Investments [Table Text Block] |
The sale and/or maturity of available-for-sale debt securities resulted in the following realized activity (in millions): | | | | | | | | | | | | | | | | | | | Three Months Ended | | | Six Months Ended | | | June 26, 2020 | June 28, 2019 | | June 26, 2020 | June 28, 2019 | | Gross gains | $ | 9 | | $ | 23 | | | $ | 17 | | $ | 28 | | | Gross losses | (6) | | (1) | | | (8) | | (4) | | | Proceeds | 280 | | 1,068 | | | 1,186 | | 1,790 | |
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| Contractual maturity amounts of the investment securities |
The contractual maturities of these available-for-sale debt securities as of June 26, 2020 were as follows (in millions): | | | | | | | | | | | | | Cost | Estimated
Fair Value | | | | | Within 1 year | $ | 1,242 | | $ | 1,243 | | | | | | After 1 year through 5 years | 713 | | 759 | | | | | | After 5 years through 10 years | 50 | | 63 | | | | | | After 10 years | 171 | | 188 | | | | | | Total | $ | 2,176 | | $ | 2,253 | | | | |
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