
	December 27, 2025								December 28, 2024
	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 1		Level 2		Level 3
Assets
Cash equivalents:
Corporate debt	$	—	$	150	$	—	$	150	$	—	$	—	$	—	$	—
Financial institution instruments1	7,292		1,800		—		9,092		4,121		743		—		4,864

Reverse repurchase agreements	—		4,262		—		4,262		—		2,654		—		2,654
Short-term investments:
Corporate debt	—		7,248		—		7,248		—		5,365		—		5,365
Financial institution instruments1	183		3,991		—		4,174		195		3,356		—		3,551
Government debt2	5,296		6,433		—		11,729		33		4,864		—		4,897
Other current assets:
Derivative assets	431		608		—		1,039		348		733		—		1,081
Marketable equity investments	484		—		—		484		848		—		—		848
Other long-term assets:
Derivative assets	—		2		—		2		—		1		—		1

Total assets measured and recorded at fair value	$	13,686	$	24,494	$	—	$	38,180	$	5,545	$	17,716	$	—	$	23,261
Liabilities
Other accrued liabilities:
Derivative liabilities3	$	6	$	1,524	$	304	$	1,834	$	—	$	562	$	134	$	696

Other long-term liabilities:
Derivative liabilities3	—		1,714		576		2,290		—		416		755		1,171
Total liabilities measured and recorded at fair value	$	6	$	3,238	$	880	$	4,124	$	—	$	978	$	889	$	1,867

3 Level 1 derivative liabilities consist of equity contracts for our deferred compensation program. Level 2 derivative liabilities include a forward contract related to Escrowed Shares held. Level 3 derivative liabilities include liquidated damage provisions related to our Ireland SCIP arrangement.