Advanced Micro Devices (AMD) 10-Q2 Aug 232023 Q2 Quarterly reportFinancial data

Company Profile

Cover Page

Cover Page - shares	6 Months Ended
Cover Page - shares	Jul. 01, 2023	Jul. 28, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jul. 01, 2023
Document Transition Report	false
Entity File Number	001-07882
Entity Registrant Name	ADVANCED MICRO DEVICES, INC
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	94-1692300
Entity Address, Address Line One	2485 Augustine Drive
Entity Address, City or Town	Santa Clara
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	95054
City Area Code	408
Local Phone Number	749-4000
Title of 12(b) Security	Common Stock, $0.01 par value
Trading Symbol	AMD
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		1,615,671,380
Amendment Flag	false
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2
Entity Central Index Key	0000002488
Current Fiscal Year End Date	--12-30

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jul. 01, 2023	Jun. 25, 2022	Jul. 01, 2023	Jun. 25, 2022
Income Statement [Abstract]
Net revenue	$ 5,359	$ 6,550	$ 10,712	$ 12,437
Cost of Goods and Service, Excluding Depreciation, Depletion, and Amortization	2,704	3,115	5,393	5,998
Amortization of acquisition-related intangibles- COGS	212	407	517	593
Cost of sales	2,916	3,522	5,910	6,591
Gross profit	2,443	3,028	4,802	5,846
Research and development	1,443	1,300	2,854	2,360
Marketing, general and administrative	547	592	1,132	1,189
Amortization of acquisition-related intangibles-Opex	481	616	999	909
Licensing gain	(8)	(6)	(18)	(89)
Operating income (loss)	(20)	526	(165)	1,477
Interest expense	(28)	(25)	(53)	(38)
Other income (expense), net	46	(4)	89	(46)
Income (loss) before income taxes and equity income	(2)	497	(129)	1,393
Income tax provision (benefit)	(23)	54	(10)	167
Equity income in investee	6	4	7	7
Net income (loss)	$ 27	$ 447	$ (112)	$ 1,233
Earnings (loss) per share
Basic (in usd per share)	$ 0.02	$ 0.28	$ (0.07)	$ 0.82
Diluted (in usd per share)	$ 0.02	$ 0.27	$ (0.07)	$ 0.81
Shares used in per share calculation
Basic (in shares)	1,612	1,618	1,612	1,506
Diluted (in shares)	1,627	1,632	1,612	1,521

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 01, 2023	Jun. 25, 2022	Jul. 01, 2023	Jun. 25, 2022
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 27	$ 447	$ (112)	$ 1,233
Other comprehensive income (loss), net of tax:
Total comprehensive income (loss)	16	416	(103)	1,203
Net income (loss)	27	447	(112)	1,233
Net unrealized gains (losses) during the period
Other comprehensive income (loss), net of tax:
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax	11	31	(9)	30
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax	$ 11	$ 31	$ (9)	$ 30

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) shares in Millions, $ in Millions	Jul. 01, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 3,841	$ 4,835
Short-term investments	2,444	1,020
Accounts receivable, net	4,312	4,126
Inventories	4,567	3,771
Prepaid expenses and other current assets	1,339	1,265
Total current assets	16,505	15,019
Property and equipment, net	1,541	1,513
Operating lease right-of-use assets	461	460
Goodwill	24,177	24,177
Intangible Assets, Net (Excluding Goodwill)	22,598	24,118
Investment: equity method	90	83
Deferred tax assets	68	58
Other non-current assets	2,527	2,152
Total assets	67,967	67,580
Current liabilities:
Accounts payable	2,779	2,493
Accrued liabilities	2,971	3,077
Less: current portion of long-term debt (principal amount)	753	0
Other current liabilities	756	336
Total current liabilities	7,572	6,369
Long-term debt	1,714	2,467
Long-term operating lease liabilities	393	396
Deferred tax liabiilty	1,365	1,934
Other long-term liabilities	1,787	1,664
Commitments and Contingencies (See Note 12)
Capital stock:
Common stock, par value $0.01; shares authorized: 2,250; shares issued: 1,651 and 1,645; shares outstanding: 1,614 and 1,612	16	16
Additional paid-in capital	58,825	58,005
Treasury stock, at cost (shares held: 37 and 33)	(3,430)	(3,099)
Accumulated deficit	(243)	(131)
Accumulated other comprehensive loss	(32)	(41)
Total stockholders’ equity	55,136	54,750
Total liabilities and stockholders’ equity	67,967	67,580
Other current liabilities	$ 756	$ 336
Common stock, outstanding (in shares)	1,614	1,612
Common stock, par value (in dollars per share)	$ 0.01
Common stock, authorized (in shares)	2,250
Common stock, issued (in shares)	1,651	1,645
Joint Venture \| ATMP JV
Current assets:
Receivables from related parties	$ 2	$ 2
Investment: equity method	90	83
Current liabilities:
Other current liabilities	313	463
Receivables from related parties	2	2
Other current liabilities	$ 313	$ 463

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheet (Parenthetical) - USD ($) shares in Millions, $ in Millions	Jul. 01, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Common stock, par value (in dollars per share)	$ 0.01
Common stock, authorized (in shares)	2,250
Common stock, issued (in shares)	1,651	1,645
Common stock, outstanding (in shares)	1,614	1,612
Treasury Stock, Common, Shares	37	33
Cash and cash equivalents	$ 3,841	$ 4,835

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Jul. 01, 2023	Jun. 25, 2022
Cash flows from operating activities:
Net income (loss)	$ (112)	$ 1,233
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	1,831	1,789
Stock-based compensation	657	491
Amortization of operating lease right-of-use assets	48	40
Loss on sale or disposal of property and equipment	7	15
Deferred income taxes	(582)	618
Equity Securities, FV-NI, Gain (Loss)	2	(54)
Other	(20)	(4)
Changes in operating assets and liabilities
Accounts receivable, net	(186)	(1,016)
Inventories	(796)	(274)
Receivables from related parties	0	(1)
Prepaid expenses and other assets	(237)	(237)
Payables to related parties	(150)	277
Accounts payable	309	28
Accrued and other liabilities	91	71
Net cash provided by operating activities	865	2,033
Cash flows from investing activities:
Purchases of property and equipment	(283)	(203)
Purchases of short-term investments	(2,816)	(620)
Proceeds from maturity of short-term investments	1,171	2,248
Payments to Acquire Businesses, Net of Cash Acquired	0	(1,558)
Other	5	(4)
Net cash provided by (used in) investing activities	(1,675)	2,230
Cash flows from financing activities:
Proceeds from sales of common stock through employee equity plans	144	78
Payments for Repurchase of Common Stock	(241)	(2,835)
Common stock repurchases for tax withholding on employee equity plans	(87)	(66)
Proceeds from (Payments for) Other Financing Activities	0	(2)
Net cash used in financing activities	(184)	(1,834)
Net increase (decrease) in cash and cash equivalents	(994)	2,429
Cash and cash equivalents at beginning of period	4,835	2,535
Cash and cash equivalents at end of period	3,841	4,964
Income Taxes Paid, Net	46	544
Non-cash investing and financing activities:
Purchases of property and equipment, accrued but not paid	99	149
Operating lease right-of-use assets acquired by assuming related liabilities	50	87
Reconciliation of cash, cash equivalents, and restricted cash
Cash and cash equivalents	3,841
Total cash and cash equivalents	3,841	4,964
Proceeds from (Payments for) Other Financing Activities	0	(2)
Depreciation and amortization	1,831	1,789
Proceeds from Issuance of Unsecured Debt	0	991
Proceeds from Issuance of Unsecured Debt	0	991
Common and Treasury Stock Issued
Non-cash investing and financing activities:
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable	0	48,514
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable	0	48,514
Pre-Combination Unvested Restricted Stock Units Assumed
Non-cash investing and financing activities:
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable	0	275
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable	0	275
Amortization of Inventory FV Adjustment
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	3	185
Depreciation and amortization	$ 3	$ 185

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Stockholders' Equity - USD ($) $ in Millions	Total	Pre-Combination Unvested Restricted Stock Units Assumed	Common stock, par value	Additional paid-in capital	Additional paid-in capital Fair Value of Common Stock Issued As Acquisition Consideration	Additional paid-in capital Pre-Combination Unvested Restricted Stock Units Assumed	Accumulated deficit:	Accumulated other comprehensive income (loss):	Treasury Stock, Common
Beginning balance at Dec. 25, 2021			$ 12	$ 11,069			$ (1,451)	$ (3)	$ (2,130)
Changes in Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Common stock issued under employee equity plans				78
Stock-based compensation				491
Issuance of common stock to settle convertible debt				0
Issuance of common stock warrants				12
Repurchases of common stock									(2,835)
Common stock repurchases for tax withholding on employee equity plans	$ 66								(66)
Net income (loss)	1,233						1,233
Other comprehensive income (loss)								(30)
Ending balance at Jun. 25, 2022	55,169		16	57,297			(218)	(33)	(1,893)
Changes in Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable		$ 275	4		$ 45,372	$ 275			3,138
Beginning balance at Mar. 26, 2022			16	56,925			(665)	(2)	(941)
Changes in Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Common stock issued under employee equity plans				76
Stock-based compensation				292
Issuance of common stock to settle convertible debt				0
Issuance of common stock warrants				4
Repurchases of common stock									(921)
Common stock repurchases for tax withholding on employee equity plans									(31)
Net income (loss)	447						447
Other comprehensive income (loss)								(31)
Ending balance at Jun. 25, 2022	55,169		16	57,297			(218)	(33)	(1,893)
Changes in Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable			0	0					0
Beginning balance at Dec. 31, 2022	54,750		16	58,005			(131)	(41)	(3,099)
Changes in Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Common stock issued under employee equity plans				149
Stock-based compensation				657
Issuance of common stock to settle convertible debt				1
Issuance of common stock warrants				13
Repurchases of common stock									(241)
Common stock repurchases for tax withholding on employee equity plans	87								(90)
Net income (loss)	(112)						(112)
Other comprehensive income (loss)								9
Ending balance at Jul. 01, 2023	55,136		16	58,825			(243)	(32)	(3,430)
Changes in Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable		$ 0	0		0	0			0
Beginning balance at Apr. 01, 2023			16	58,331			(270)	(21)	(3,362)
Changes in Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Common stock issued under employee equity plans				145
Stock-based compensation				348
Issuance of common stock to settle convertible debt				1
Issuance of common stock warrants				0
Repurchases of common stock	241								0
Common stock repurchases for tax withholding on employee equity plans									(68)
Net income (loss)	27						27
Other comprehensive income (loss)								(11)
Ending balance at Jul. 01, 2023	$ 55,136		16	$ 58,825			$ (243)	$ (32)	(3,430)
Changes in Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable			$ 0		$ 0	$ 0			$ 0

Basis of Presentation and Signi

Basis of Presentation and Significant Accounting Policies	6 Months Ended
Basis of Presentation and Significant Accounting Policies	Jul. 01, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation and Significant Accounting Policies	Basis of Presentation and Significant Accounting Policies Basis of Presentation. The accompanying unaudited condensed consolidated financial statements of AMD have been prepared in accordance with U.S. generally accepted accounting principles (U.S. GAAP) for interim financial information and the instructions to Form 10-Q and Article 10 of Regulation S-X. The results of operations for the three and six months ended July 1, 2023 shown in this report are not necessarily indicative of results to be expected for the full year ending December 30, 2023 or any other future period. In the opinion of the Company’s management, the information contained herein reflects all adjustments necessary for a fair presentation of the Company’s results of operations, financial position, cash flows and stockholders’ equity. All such adjustments are of a normal, recurring nature. The unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2022. Certain immaterial prior period amounts have been reclassified to conform to current period presentation. The Company uses a 52- or 53-week fiscal year ending on the last Saturday in December. The three and six months ended July 1, 2023 and June 25, 2022 each consisted of 13 and 26 weeks, respectively. Use of Estimates. The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of commitments and contingencies at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results are likely to differ from those estimates, and such differences may be material to the financial statements. Areas where management uses judgment include, but are not limited to, revenue allowances, inventory valuation, valuation of goodwill and long-lived assets, and income taxes.

Supplemental Balance Sheet Info

Supplemental Balance Sheet Information	6 Months Ended
Supplemental Balance Sheet Information	Jul. 01, 2023
Balance Sheet Related Disclosures [Abstract]
Supplemental Balance Sheet Information	Supplemental Financial Statement Information Accounts Receivable, net As of July 1, 2023 and December 31, 2022, Accounts receivable, net included unbilled accounts receivable of $1.3 billion and $1.1 billion, respectively. Unbilled accounts receivable primarily represents work completed on development services and on custom products for which revenue has been recognized but not yet invoiced. All unbilled accounts receivable are expected to be billed and collected within 12 months. Inventories July 1, December 31, (In millions) Raw materials $ 154 $ 231 Work in process 3,470 2,648 Finished goods 943 892 Total inventories $ 4,567 $ 3,771 Prepaid Expenses and Other Current Assets July 1, December 31, (In millions) Prepaid supply agreements $ 842 $ 673 Other 497 592 Total prepaid expenses and other current assets $ 1,339 $ 1,265 Prepaid supply agreements relate to the short-term portion of payments made to vendors to secure long-term supply capacity. Property and Equipment, net July 1, December 31, (In millions) Land $ 120 $ 120 Building and leasehold improvements 675 594 Equipment 2,216 2,163 Construction in progress 212 143 Property and equipment, gross 3,223 3,020 Accumulated depreciation (1,682) (1,507) Total property and equipment, net $ 1,541 $ 1,513 Accrued Liabilities July 1, December 31, (In millions) Accrued marketing programs $ 752 $ 876 Accrued compensation and benefits 643 701 Customer program liabilities 848 859 Other accrued liabilities 728 641 Total accrued liabilities $ 2,971 $ 3,077 Other Current Liabilities July 1, December 31, (In millions) Tax liabilities $ 635 $ 156 Other current liabilities 121 180 Total other current liabilities $ 756 $ 336 Revenue Revenue allocated to remaining performance obligations that are unsatisfied (or partially unsatisfied) include amounts received from customers and amounts that will be invoiced and recognized as revenue in future periods for development services, IP licensing and product revenue. As of July 1, 2023, the aggregate transaction price allocated to remaining performance obligations under contracts with an original expected duration of more than one year was $274 million, of which $199 million is expected to be recognized in the next 12 months. The revenue allocated to remaining performance obligations does not include amounts which have an original expected duration of one year or less. Revenue recognized over time associated with custom products and development services accounted for 27% and 28% of the Company’s revenue for the three and six months ended July 1, 2023, respectively and 20% and 21% of the Company’s revenue for the three and six months ended June 25, 2022, respectively,

Related Parities - Equity Joint

Related Parities - Equity Joint Ventures	6 Months Ended
Related Parities - Equity Joint Ventures	Jul. 01, 2023
Equity Method Investments and Joint Ventures [Abstract]
Related Parities - Equity Joint Ventures	Related Parties — Equity Joint Ventures ATMP Joint Ventures The Company holds a 15% equity interest in two joint ventures (collectively, the ATMP JV) with affiliates of Tongfu Microelectronics Co., Ltd, a Chinese joint stock company. The Company has no obligation to fund the ATMP JV. The Company accounts for its equity interests in the ATMP JV under the equity method of accounting due to its significant influence over the ATMP JV. The ATMP JV provides assembly, testing, marking and packaging (ATMP) services to the Company. The Company assists the ATMP JV in its management of certain raw material inventory. The purchases from and resales to the ATMP JV of inventory under the Company’s inventory management program are reported within purchases and resales with the ATMP JV and do not impact the Company’s condensed consolidated statements of operations. The Company’s purchases from the ATMP JV during the three and six months ended July 1, 2023 amounted to $412 million and $779 million, respectively. The Company’s purchases from the ATMP JV during the three and six months ended June 25, 2022 amounted to $407 million and $755 million, respectively. As of July 1, 2023 and December 31, 2022, the amounts payable to the ATMP JV were $313 million and $463 million, respectively, and are included in Payables to related parties on the Company’s condensed consolidated balance sheets. The Company’s resales to the ATMP JV during the three and six months ended July 1, 2023 amounted to $1 million and $3 million, respectively. The Company’s resales to the ATMP JV during the three and six months ended June 25, 2022 amounted to $4 million and $8 million, respectively. As of both July 1, 2023 and December 31, 2022, the Company had receivables from the ATMP JV of $2 million, included in Receivables from related parties on the Company’s condensed consolidated balance sheets. During the three and six months ended July 1, 2023, the Company recorded a gain of $6 million and $7 million, respectively, in Equity income in investee on its condensed consolidated statements of operations. During the three and six months ended June 25, 2022, the Company recorded a gain of $4 million and $7 million, respectively, in Equity income in investee on its condensed consolidated statements of operations. As of July 1, 2023 and December 31, 2022, the carrying value of the Company’s investment in the ATMP JV was $90 million and $83 million, respectively. THATIC Joint Ventures The Company holds equity interests in two joint ventures (collectively, the THATIC JV) with Higon Information Technology Co., Ltd. (THATIC), a third-party Chinese entity. As of both July 1, 2023 and December 31, 2022, the carrying value of the investment was zero. In February 2016, the Company licensed certain of its intellectual property (Licensed IP) to the THATIC JV, payable over several years upon achievement of certain milestones. The Company also receives a royalty based on the sales of the THATIC JV’s products developed on the basis of such Licensed IP. The Company classifies Licensed IP and royalty income associated with the February 2016 agreement as Licensing gain within operating income. During the three and six months ended July 1, 2023, the Company recognized $8 million and $18 million of licensing gain from royalty income associated with Licensed IP, respectively. During the three and six months ended June 25, 2022, the Company recognized $6 million of licensing gain from royalty income and $89 million of licensing gain from a milestone achievement and royalty income, respectively. As of both July 1, 2023 and December 31, 2022, the Company had no receivables from the THATIC JV.

Debt and Revolving Facility

Debt and Revolving Facility	6 Months Ended
Debt and Revolving Facility	Jul. 01, 2023
Debt Disclosure [Abstract]
Debt and Revolving Facility	Debt and Revolving Credit Facility Debt The Company’s total debt as of July 1, 2023 and December 31, 2022 consisted of the following: July 1, December 31, (In millions) 2.95% Senior Notes Due 2024 (2.95% Notes) $ 750 $ 750 2.125% Convertible Senior Notes Due 2026 (2.125% Notes) — 1 2.375% Senior Notes Due 2030 (2.375% Notes) 750 750 3.924% Senior Notes Due 2032 (3.924% Notes) 500 500 4.393% Senior Notes Due 2052 (4.393% Notes) 500 500 Total debt (principal amount) 2,500 2,501 Unamortized debt premium, discount and issuance costs, net (33) (34) Total debt (net) 2,467 2,467 Less: current portion of long-term debt (principal amount) (750) — Less: unamortized debt premium related to current portion of debt (3) — Total long-term debt $ 1,714 $ 2,467 Assumed Xilinx Notes In connection with the acquisition of Xilinx, the Company assumed $1.5 billion in aggregate principal of Xilinx’s 2.95% Notes and 2.375% Notes (together, the Assumed Xilinx Notes ). The Assumed Xilinx Notes are general unsecured senior obligations of the Company with semi-annual fixed interest payments due on June 1 and December 1. 3.924% Senior Notes Due 2032 and 4.393% Senior Notes Due 2052 On June 9, 2022, the Company issued $1.0 billion in aggregate principal amount of 3.924% Notes and 4.393% Notes. The 3.924% Notes and 4.393% Notes are general unsecured senior obligations of the Company. The interest is payable semi-annually on June 1 and December 1 of each year, commencing on December 1, 2022. The 3.924% and 4.393% Notes are governed by the terms of an indenture dated June 9, 2022 between the Company and US Bank Trust Company, National Association as trustee. As of July 1, 2023, the outstanding aggregate principal amount of the 3.924% Notes and 4.393% Notes was $1.0 billion. The Company may redeem some or all of the 3.924% Notes and 4.393% Notes prior to March 1, 2032 and December 1, 2051, respectively, at a price equal to the greater of the present value of the principal amount and future interest through the maturity of the 3.924% Notes or 4.393% Notes or 100% of the principal amount plus accrued and unpaid interest. Holders have the right to require the Company to repurchase all or a portion of the 3.924% Notes or 4.393% Notes in the event that the Company undergoes a change of control as defined in the indenture, at a repurchase price of 101% of the principal amount plus accrued and unpaid interest. Additionally, an event of default may result in the acceleration of the maturity of the 3.924% Notes and 4.393% Notes. 2.125% Convertible Senior Notes Due 2026 During the six months ended July 1, 2023 and June 25, 2022, the activity on the 2.125% Notes was immaterial. Future Debt Payment Obligations As of July 1, 2023, the Company’s future principal debt payment obligations were as follows: Fiscal Year (In millions) 2024 $ 750 2028 and thereafter 1,750 Total $ 2,500 Revolving Credit Facility The Company has $3.0 billion available under a revolving credit agreement that expires on April 29, 2027 (Revolving Credit Agreement). As of July 1, 2023, the Company had no outstanding borrowings under the Revolving Credit Agreement. Revolving loans under the Revolving Credit Agreement can be either Secure Overnight Financing Rate (SOFR) Loans or Base Rate Loans (each as defined in the Revolving Credit Agreement) at the Company's option. Each SOFR Loan will bear interest at a rate per annum equal to the applicable SOFR plus a margin between 0.625% and 1.250%. Each Base Rate Loan will bear interest equal to the Base Rate plus a margin between 0.000% and 0.250%. The Revolving Credit Agreement also contains a sustainability-linked pricing component which provides for interest rate and facility fee reductions or increases based on the Company meeting or missing targets related to environmental sustainability, specifically greenhouse gas emissions. The Revolving Credit Agreement contains customary representations and warranties, affirmative and negative covenants, and events of default applicable to the Company and its subsidiaries. As of July 1, 2023, the Company was in compliance with these covenants. Commercial Paper On November 3, 2022, the Company established a commercial paper program, under which the Company may issue unsecured commercial paper notes up to a maximum principal amount outstanding at any time of $3 billion with a maturity of up to 397 days from the date of issue. The commercial paper will be sold at a discount from par or, alternatively, will be sold at par and bear interest at rates that will vary based on market conditions at the time of issuance. As of July 1, 2023, the Company had no commercial paper outstanding.

Financial Instruments

Financial Instruments	6 Months Ended
Financial Instruments	Jul. 01, 2023
Investments, Debt and Equity Securities [Abstract]
Fair Value Disclosures	Financial Instruments Fair Value Measurements The Company’s financial instruments are measured and recorded at fair value on a recurring basis, except for non-marketable equity investments in privately-held companies. These equity investments are generally accounted for under the measurement alternative, defined as cost, less impairments, adjusted for subsequent observable price changes and are periodically assessed for impairment when events or circumstances indicate that a decline in value may have occurred. Financial Instruments Recorded at Fair Value on a Recurring Basis July 1, 2023 December 31, 2022 (In millions) Level 1 Level 2 Total Level 1 Level 2 Total Cash equivalents Money market funds $ 1,750 $ — $ 1,750 $ 3,017 $ — $ 3,017 Commercial paper — 269 269 — 224 224 U.S. Treasury and agency securities 897 — 897 — — — Time deposits and certificate of deposits — 129 129 — 159 159 Short-term investments Commercial paper — 738 738 — 441 441 Time deposits and certificates of deposits — 4 4 — — — Asset-backed and mortgage-backed securities — 36 36 — 39 39 U.S. Treasury and agency securities 1,370 — 1,370 466 — 466 Foreign government securities — 296 296 — 74 74 Other non-current assets Time deposits and certificates of deposits — 6 6 — 9 9 Equity investments 9 — 9 8 — 8 Deferred compensation plan investments 107 — 107 90 — 90 Total assets measured at fair value $ 4,133 $ 1,478 $ 5,611 $ 3,581 $ 946 $ 4,527 Deferred compensation plan investments are primarily mutual fund investments held in a Rabbi trust established to maintain the Company’s executive deferred compensation plan. The following is a summary of cash equivalents and short-term investments: July 1, 2023 December 31, 2022 Cost/ Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Cost/ Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair (in millions) (in millions) Asset-backed and mortgage-backed securities $ 39 $ — $ (3) $ 36 $ 42 $ — $ (3) $ 39 Commercial paper 1,007 — — 1,007 669 — (4) 665 Money market funds 1,750 — — 1,750 3,017 — — 3,017 Time deposits and certificates of deposits 133 — — 133 159 — — 159 U.S. Treasury and agency securities 2,271 — (4) 2,267 471 — (5) 466 Foreign government securities 296 — — 296 74 — — 74 $ 5,496 $ — $ (7) $ 5,489 $ 4,432 $ — $ (12) $ 4,420 As of July 1, 2023, the Company did not have material available-for-sale debt securities which had been in a continuous unrealized loss position of more than twelve months. The contractual maturities of cash equivalents and investments classified as available-for-sale are as follows: July 1, 2023 December 31, 2022 Amortized Cost Fair Value Amortized Cost Fair Value (In millions) (In millions) Due within 1 year $ 3,563 $ 3,558 $ 1,224 $ 1,218 Due in 1 year through 5 years 151 151 159 156 Due in 5 years and later 38 36 41 38 $ 3,752 $ 3,745 $ 1,424 $ 1,412 Financial Instruments Not Recorded at Fair Value The Company carries its financial instruments at fair value except for its debt. The carrying amounts and estimated fair values of the Company’s debt are as follows: July 1, 2023 December 31, 2022 Carrying Estimated Carrying Estimated (In millions) (In millions) Current portion of long-term debt, net $ 753 $ 732 $ — $ — Long-term debt, net of current portion $ 1,714 $ 1,575 $ 2,467 $ 2,281 The estimated fair value of the Company’s long-term debt is based on Level 2 inputs of quoted prices for the Company’s debt and comparable instruments in inactive markets. The fair value of the Company’s accounts receivable, accounts payable and other short-term obligations approximate their carrying value based on existing terms. Financial Instruments Measured at Fair Value on a Non-Recurring Basis The Company’s investments in non-marketable securities in privately-held companies are recorded using a measurement alternative that adjusts the securities to fair value when the Company recognizes an observable price adjustment or an impairment. As of July 1, 2023 and December 31, 2022, the Company had non-marketable securities in privately-held companies of $131 million and $137 million, respectively, that are recorded under Other non-current assets in the balance sheet. Impairment losses or observable price adjustments were not material during the three and six months ended July 1, 2023 and June 25, 2022. Hedging Transactions and Derivative Financial Instruments Foreign Currency Forward Contracts Designated as Accounting Hedges The Company enters into foreign currency forward contracts to hedge its exposure to foreign currency exchange rate risk related to future forecasted transactions denominated in currencies other than the U.S. Dollar. These contracts generally mature within 24 months and are designated as accounting hedges. As of July 1, 2023 and December 31, 2022, the notional value of the Company’s outstanding foreign currency forward contracts designated as cash flow hedges was $2 billion and $1.9 billion, respectively. The fair value of these contracts, recorded as a liability, was $15 million and $27 million as of July 1, 2023 and December 31, 2022, respectively. Foreign Currency Forward Contracts Not Designated as Accounting Hedges The Company also enters into foreign currency forward contracts to reduce the short-term effects of foreign currency fluctuations on certain receivables or payables denominated in currencies other than the U.S. Dollar. These forward contracts generally mature within 3 months and are not designated as accounting hedges. As of July 1, 2023 and December 31, 2022, the notional value of these outstanding contracts was $517 million and $485 million, respectively. The fair value of these contracts was not material as of July 1, 2023 and December 31, 2022.

Earnings Per Share

Earnings Per Share	6 Months Ended
Earnings Per Share	Jul. 01, 2023
Earnings Per Share [Abstract]
Earnings Per Share	Earnings (Loss) Per Share The following table sets forth the components of basic and diluted earnings (loss) per share: Three Months Ended Six Months Ended July 1, June 25, July 1, June 25, (In millions, except per share amounts) Numerator Net income (loss) for basic earnings per share $ 27 $ 447 $ (112) $ 1,233 Denominator Basic weighted average shares 1,612 1,618 1,612 1,506 Potentially dilutive shares from employee equity plans and warrants 15 14 — 15 Diluted weighted average shares 1,627 1,632 1,612 1,521 Earnings (loss) per share: Basic $ 0.02 $ 0.28 $ (0.07) $ 0.82 Diluted $ 0.02 $ 0.27 $ (0.07) $ 0.81

Common Stock and Employee Equit

Common Stock and Employee Equity Plans	6 Months Ended
Common Stock and Employee Equity Plans	Jul. 01, 2023
Equity [Abstract]
Common Stock and Employee Equity Plans	Common Stock and Employee Equity Plans Common Stock Shares of common stock outstanding were as follows: Three Months Ended Six Months Ended July 1, June 25, July 1, June 25, (In millions) Balance, beginning of period 1,609 1,620 1,612 1,207 Common stock issued in the acquisition of Xilinx — — — 429 Common stock issued under employee equity plans 4 3 5 3 Common stock repurchases for tax withholding on equity awards — (1) (1) (1) Issuance of common stock upon warrant exercise 1 — 1 — Repurchases of common stock — (10) (3) (26) Balance, end of period 1,614 1,612 1,614 1,612 Stock Repurchase Program The Company has an approved stock repurchase program authorizing repurchases of up to $12 billion of the Company’s common stock (Repurchase Program). During the six months ended July 1, 2023, the Company returned $241 million to shareholders through the repurchase of 3 million shares of its common stock under the Repurchase Program. Repurchases during the three months ended July 1, 2023 were immaterial. As of July 1, 2023, $6.3 billion remains available for future stock repurchases under the Repurchase Program. The Repurchase Program does not obligate the Company to acquire any common stock, has no termination date and may be suspended or discontinued at any time. Stock-based Compensation Stock-based compensation expense recorded in the Condensed Consolidated Statements of Operations was as follows: Three Months Ended Six Months Ended July 1, June 25, July 1, June 25, (In millions) Cost of sales $ 10 $ 8 $ 18 $ 12 Research and development 247 180 461 293 Marketing, general and administrative 91 104 178 186 Total $ 348 $ 292 $ 657 $ 491

Income Taxes

Income Taxes	6 Months Ended
Income Taxes	Jul. 01, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company determines its income taxes for interim reporting periods by applying the Company’s estimated annual effective tax rate to the year-to-date results, adjusted for tax items discrete to each period. The Company recorded an income tax benefit of $23 million and $10 million for the three and six months ended July 1, 2023, respectively, representing effective tax rates of (511.4)% and 8.0%, respectively. The Company recorded the tax effects of stock-based compensation, uncertain tax positions, and other items discrete to the period resulting in income tax benefit of $34 million and $12 million for the three and six months ended July 1, 2023, respectively. These discrete items had a disproportionate impact on our effective tax rate for the three months ended July 1, 2023 because our pre-tax income was close to break-even for the period. For the six months ended July 1, 2023, the impact of tax items discrete to the period was not material to the total tax expense or the effective tax rate. The Company recorded an income tax provision of $54 million and $167 million for the three and six months ended June 25, 2022, representing effective tax rates of 10.8% and 11.9%, respectively. For the three and six months ended June 25, 2022, the impact of tax items discrete to the periods was not material to the total tax expense or the effective tax rate. The difference between the U.S. federal statutory tax rate of 21% and the Company's estimated annual effective tax rate for the three and six months ended July 1, 2023 and June 25, 2022 was primarily due to the income tax benefit from foreign-derived intangible income (FDII) and research and development tax credits.

Segment Reporting

Segment Reporting	6 Months Ended
Segment Reporting	Jul. 01, 2023
Segment Reporting [Abstract]
Segment Reporting	Segment Reporting Management, including the Chief Operating Decision Maker (CODM), who is the Company’s Chief Executive Officer, reviews and assesses operating performance using segment net revenue and operating income (loss). These performance measures include the allocation of expenses to the reportable segments based on management’s judgment. The Company’s four reportable segments are: • the Data Center segment, which primarily includes server microprocessors (CPUs) and graphics processing units (GPUs), data processing units (DPUs), Field Programmable Gate Arrays (FPGAs) and Adaptive System-on-Chip (SoC) products for data centers; • the Client segment, which primarily includes CPUs, accelerated processing units (APUs) that integrate CPUs and GPUs, and chipsets for desktop and notebook personal computers; • the Gaming segment, which primarily includes discrete GPUs, semi-custom SoC products and development services; and • the Embedded segment, which primarily includes embedded CPUs and GPUs, APUs, FPGAs and Adaptive SoC products. From time to time, the Company may also sell or license portions of its IP portfolio. In addition to these reportable segments, the Company has an All Other category, which is not a reportable segment. This category primarily includes certain expenses and credits that are not allocated to any of the reportable segments because the CODM does not consider these expenses and credits in evaluating the performance of the reportable segments. This category primarily includes amortization of acquisition-related intangibles, employee stock-based compensation expense, acquisition-related costs and licensing gain. Acquisition-related costs primarily include transaction costs, depreciation related to the Xilinx, Inc. (Xilinx) fixed assets fair value step-up adjustment, certain compensation charges, and contract termination costs. The following table provides a summary of net revenue and operating income by segment: Three Months Ended Six Months Ended July 1, June 25, July 1, June 25, (In millions) Net revenue: Data Center $ 1,321 $ 1,486 $ 2,616 $ 2,779 Client 998 2,152 1,737 4,276 Gaming 1,581 1,655 3,338 3,530 Embedded 1,459 1,257 3,021 1,852 Total net revenue $ 5,359 $ 6,550 $ 10,712 $ 12,437 Operating income (loss): Data Center $ 147 $ 472 $ 295 $ 899 Client (69) 676 (241) 1,368 Gaming 225 187 539 545 Embedded 757 641 1,555 918 All Other (1) (1,080) (1,450) (2,313) (2,253) Total operating income (loss) $ (20) $ 526 $ (165) $ 1,477 (1) For the three and six months ended July 1, 2023, all other operating losses primarily included $693 million and $1.5 billion of amortization of acquisition-related intangibles, $348 million and $657 million of stock-based compensation expense and $34 million and $145 million of acquisition-related costs, respectively. For the three and six months ended June 25, 2022, all other operating losses primarily included $1.0 billion and $1.5 billion of amortization of acquisition-related intangibles, $292 million and $491 million of stock-based compensation expense and $141 million and $349 million of acquisition-related costs, respectively.

Contingencies

Contingencies	6 Months Ended
Contingencies	Jul. 01, 2023
Commitments and Contingencies Disclosure [Abstract]
Contingencies	Commitments and Contingencies Commitments The Company’s purchase commitments primarily include obligations to purchase wafers and substrates from third parties. These purchase obligations were made under noncancellable purchase orders or contractual obligations requiring minimum purchases for which cancellation would lead to significant penalties. Purchase commitments also include future payments related to certain software, technology and IP licenses. Total future unconditional purchase commitments as of July 1, 2023 were as follows: Fiscal Year (In millions) Remainder of 2023 $ 3,944 2024 1,599 2025 345 2026 183 2027 53 2028 and thereafter 160 Total unconditional purchase commitments $ 6,284 On an ongoing basis, the Company works with suppliers on timing of payments and deliveries of purchase commitments, taking into account business conditions. Contingencies During the quarterly period ended July 1, 2023, there were no material legal proceedings. The Company is a defendant or plaintiff in various actions that arose in the normal course of business. With respect to these matters, based on management’s current knowledge, the Company believes that the amount or range of reasonably possible loss, if any, will not, either individually or in the aggregate, have a material adverse effect on the Company’s financial position, results of operations, or cash flows.

The Company

The Company	6 Months Ended
The Company	Jul. 01, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
The Company	The CompanyAdvanced Micro Devices, Inc. is a global semiconductor company. References herein to AMD or the Company mean Advanced Micro Devices, Inc. and its consolidated subsidiaries. AMD’s products include x86 microprocessors (CPUs) and graphics processing units (GPUs), as standalone devices or as incorporated into accelerated processing units (APUs), chipsets, data center and professional GPUs, embedded processors, semi-custom System-on-Chip (SoC) products, microprocessor and SoC development services and technology, data processing units (DPUs), Field Programmable Gate Arrays (FPGAs), and Adaptive SoC products. From time to time, the Company may also sell or license portions of its intellectual property (IP) portfolio.

Intangible Assets, Goodwill and

Intangible Assets, Goodwill and Other	6 Months Ended
Intangible Assets, Goodwill and Other	Jul. 01, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets Disclosure	Acquisition-related Intangible Assets and Goodwill Xilinx Acquisition On February 14, 2022, the Company completed the acquisition of Xilinx for a total purchase consideration of $48.8 billion. The Company allocated the purchase price to $27.3 billion of identified intangible assets and $1.3 billion of net liabilities, with the excess purchase price of $22.8 billion recorded as goodwill. Pensando Acquisition On May 26, 2022, the Company completed the acquisition of Pensando Systems, Inc. (Pensando) for a total purchase consideration of $1.7 billion. The Company allocated the purchase price to $349 million of identified intangible assets and $208 million of other net assets, with the excess purchase price of $1.1 billion recorded as goodwill. Acquisition-related Intangible Assets Acquisition-related intangibles were as follows: July 1, 2023 December 31, 2022 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount (In millions) (In millions) Developed technology $ 12,360 $ (1,157) $ 11,203 $ 12,360 $ (738) $ 11,622 Customer relationships 12,324 (2,925) 9,399 12,324 (1,973) 10,351 Customer backlog 809 (809) — 809 (712) 97 Corporate trade name 65 (65) — 65 (57) 8 Product trademarks 914 (108) 806 914 (68) 846 Identified intangible assets subject to amortization 26,472 (5,064) 21,408 26,472 (3,548) 22,924 IPR&D not subject to amortization 1,190 — 1,190 1,194 — 1,194 Total acquisition-related intangible assets $ 27,662 $ (5,064) $ 22,598 $ 27,666 $ (3,548) $ 24,118 Acquisition-related intangible amortization expense was $693 million and $1.5 billion for the three and six months ended July 1, 2023, respectively. Acquisition-related intangible amortization expense was $1.0 billion and $1.5 billion for the three and six months ended June 25, 2022, respectively. Based on the carrying value of acquisition-related intangibles recorded as of July 1, 2023, and assuming no subsequent impairment of the underlying assets, the estimated annual amortization expense for acquisition-related intangibles is expected to be as follows: Fiscal Year (In millions) Remainder of 2023 $ 1,288 2024 2,286 2025 2,061 2026 1,951 2027 1,844 2028 and thereafter 11,978 Total $ 21,408

Basis of Presentation and Sig_2

Basis of Presentation and Significant Accounting Policies (Policies)	6 Months Ended
	Jul. 01, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation and Significant Accounting Policies Basis of Presentation. The accompanying unaudited condensed consolidated financial statements of AMD have been prepared in accordance with U.S. generally accepted accounting principles (U.S. GAAP) for interim financial information and the instructions to Form 10-Q and Article 10 of Regulation S-X. The results of operations for the three and six months ended July 1, 2023 shown in this report are not necessarily indicative of results to be expected for the full year ending December 30, 2023 or any other future period. In the opinion of the Company’s management, the information contained herein reflects all adjustments necessary for a fair presentation of the Company’s results of operations, financial position, cash flows and stockholders’ equity. All such adjustments are of a normal, recurring nature. The unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2022. Certain immaterial prior period amounts have been reclassified to conform to current period presentation. The Company uses a 52- or 53-week fiscal year ending on the last Saturday in December. The three and six months ended July 1, 2023 and June 25, 2022 each consisted of 13 and 26 weeks, respectively. Use of Estimates. The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of commitments and contingencies at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results are likely to differ from those estimates, and such differences may be material to the financial statements. Areas where management uses judgment include, but are not limited to, revenue allowances, inventory valuation, valuation of goodwill and long-lived assets, and income taxes. Significant Accounting Policies. There have been no material changes to the Company’s significant accounting policies in Note 2 - Basis of Presentation and Significant Accounting Policies, of the Notes to Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2022.
Fiscal Period	The Company uses a 52- or 53-week fiscal year ending on the last Saturday in December. The three and six months ended July 1, 2023 and June 25, 2022 each consisted of 13 and 26 weeks, respectively. Use of Estimates. The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of commitments and contingencies at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results are likely to differ from those estimates, and such differences may be material to the financial statements. Areas where management uses judgment include, but are not limited to, revenue allowances, inventory valuation, valuation of goodwill and long-lived assets, and income taxes.

Supplemental Balance Sheet In_2

Supplemental Balance Sheet Information (Tables)	6 Months Ended
Supplemental Balance Sheet Information (Tables)	Jul. 01, 2023
Balance Sheet Related Disclosures [Abstract]
Inventories	Inventories July 1, December 31, (In millions) Raw materials $ 154 $ 231 Work in process 3,470 2,648 Finished goods 943 892 Total inventories $ 4,567 $ 3,771
Schedule of Other Current Assets	Prepaid Expenses and Other Current Assets July 1, December 31, (In millions) Prepaid supply agreements $ 842 $ 673 Other 497 592 Total prepaid expenses and other current assets $ 1,339 $ 1,265 Prepaid supply agreements relate to the short-term portion of payments made to vendors to secure long-term supply capacity.
Property and Equipment, Net	Property and Equipment, net July 1, December 31, (In millions) Land $ 120 $ 120 Building and leasehold improvements 675 594 Equipment 2,216 2,163 Construction in progress 212 143 Property and equipment, gross 3,223 3,020 Accumulated depreciation (1,682) (1,507) Total property and equipment, net $ 1,541 $ 1,513
Accrued Liabilities	Accrued Liabilities July 1, December 31, (In millions) Accrued marketing programs $ 752 $ 876 Accrued compensation and benefits 643 701 Customer program liabilities 848 859 Other accrued liabilities 728 641 Total accrued liabilities $ 2,971 $ 3,077 Other Current Liabilities July 1, December 31, (In millions) Tax liabilities $ 635 $ 156 Other current liabilities 121 180 Total other current liabilities $ 756 $ 336

Debt and Revolving Facility (Ta

Debt and Revolving Facility (Tables)	6 Months Ended
Debt and Revolving Facility (Tables)	Jul. 01, 2023
Debt Disclosure [Abstract]
Schedule of Debt	The Company’s total debt as of July 1, 2023 and December 31, 2022 consisted of the following: July 1, December 31, (In millions) 2.95% Senior Notes Due 2024 (2.95% Notes) $ 750 $ 750 2.125% Convertible Senior Notes Due 2026 (2.125% Notes) — 1 2.375% Senior Notes Due 2030 (2.375% Notes) 750 750 3.924% Senior Notes Due 2032 (3.924% Notes) 500 500 4.393% Senior Notes Due 2052 (4.393% Notes) 500 500 Total debt (principal amount) 2,500 2,501 Unamortized debt premium, discount and issuance costs, net (33) (34) Total debt (net) 2,467 2,467 Less: current portion of long-term debt (principal amount) (750) — Less: unamortized debt premium related to current portion of debt (3) — Total long-term debt $ 1,714 $ 2,467
Schedule of Maturities of Long-term Debt	Future Debt Payment Obligations As of July 1, 2023, the Company’s future principal debt payment obligations were as follows: Fiscal Year (In millions) 2024 $ 750 2028 and thereafter 1,750 Total $ 2,500

Financial Instruments (Tables)

Financial Instruments (Tables)	6 Months Ended
Financial Instruments (Tables)	Jul. 01, 2023
Investments, Debt and Equity Securities [Abstract]
Fair Value, Assets Measured on Recurring Basis	Financial Instruments Recorded at Fair Value on a Recurring Basis July 1, 2023 December 31, 2022 (In millions) Level 1 Level 2 Total Level 1 Level 2 Total Cash equivalents Money market funds $ 1,750 $ — $ 1,750 $ 3,017 $ — $ 3,017 Commercial paper — 269 269 — 224 224 U.S. Treasury and agency securities 897 — 897 — — — Time deposits and certificate of deposits — 129 129 — 159 159 Short-term investments Commercial paper — 738 738 — 441 441 Time deposits and certificates of deposits — 4 4 — — — Asset-backed and mortgage-backed securities — 36 36 — 39 39 U.S. Treasury and agency securities 1,370 — 1,370 466 — 466 Foreign government securities — 296 296 — 74 74 Other non-current assets Time deposits and certificates of deposits — 6 6 — 9 9 Equity investments 9 — 9 8 — 8 Deferred compensation plan investments 107 — 107 90 — 90 Total assets measured at fair value $ 4,133 $ 1,478 $ 5,611 $ 3,581 $ 946 $ 4,527
Summary of Investment Holdings, Schedule of Investments	The following is a summary of cash equivalents and short-term investments: July 1, 2023 December 31, 2022 Cost/ Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Cost/ Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair (in millions) (in millions) Asset-backed and mortgage-backed securities $ 39 $ — $ (3) $ 36 $ 42 $ — $ (3) $ 39 Commercial paper 1,007 — — 1,007 669 — (4) 665 Money market funds 1,750 — — 1,750 3,017 — — 3,017 Time deposits and certificates of deposits 133 — — 133 159 — — 159 U.S. Treasury and agency securities 2,271 — (4) 2,267 471 — (5) 466 Foreign government securities 296 — — 296 74 — — 74 $ 5,496 $ — $ (7) $ 5,489 $ 4,432 $ — $ (12) $ 4,420
Investments Classified by Contractual Maturity Date	The contractual maturities of cash equivalents and investments classified as available-for-sale are as follows: July 1, 2023 December 31, 2022 Amortized Cost Fair Value Amortized Cost Fair Value (In millions) (In millions) Due within 1 year $ 3,563 $ 3,558 $ 1,224 $ 1,218 Due in 1 year through 5 years 151 151 159 156 Due in 5 years and later 38 36 41 38 $ 3,752 $ 3,745 $ 1,424 $ 1,412
Financial Instruments Not Recorded at Fair Value	The Company carries its financial instruments at fair value except for its debt. The carrying amounts and estimated fair values of the Company’s debt are as follows: July 1, 2023 December 31, 2022 Carrying Estimated Carrying Estimated (In millions) (In millions) Current portion of long-term debt, net $ 753 $ 732 $ — $ — Long-term debt, net of current portion $ 1,714 $ 1,575 $ 2,467 $ 2,281

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
Earnings Per Share (Tables)	Jul. 01, 2023
Earnings Per Share [Abstract]
Components of Basic and Diluted Earnings (Loss) Per Share	The following table sets forth the components of basic and diluted earnings (loss) per share: Three Months Ended Six Months Ended July 1, June 25, July 1, June 25, (In millions, except per share amounts) Numerator Net income (loss) for basic earnings per share $ 27 $ 447 $ (112) $ 1,233 Denominator Basic weighted average shares 1,612 1,618 1,612 1,506 Potentially dilutive shares from employee equity plans and warrants 15 14 — 15 Diluted weighted average shares 1,627 1,632 1,612 1,521 Earnings (loss) per share: Basic $ 0.02 $ 0.28 $ (0.07) $ 0.82 Diluted $ 0.02 $ 0.27 $ (0.07) $ 0.81

Common Stock and Employee Equ_2

Common Stock and Employee Equity Plans (Tables) - USD ($) shares in Thousands, $ in Millions	6 Months Ended
	Jul. 01, 2023	Jun. 25, 2022
Equity [Abstract]
Schedule of Common Shares Outstanding	Common Stock Shares of common stock outstanding were as follows: Three Months Ended Six Months Ended July 1, June 25, July 1, June 25, (In millions) Balance, beginning of period 1,609 1,620 1,612 1,207 Common stock issued in the acquisition of Xilinx — — — 429 Common stock issued under employee equity plans 4 3 5 3 Common stock repurchases for tax withholding on equity awards — (1) (1) (1) Issuance of common stock upon warrant exercise 1 — 1 — Repurchases of common stock — (10) (3) (26) Balance, end of period 1,614 1,612 1,614 1,612
Share-based Payment Arrangement, Expensed and Capitalized, Amount	Stock-based Compensation Stock-based compensation expense recorded in the Condensed Consolidated Statements of Operations was as follows: Three Months Ended Six Months Ended July 1, June 25, July 1, June 25, (In millions) Cost of sales $ 10 $ 8 $ 18 $ 12 Research and development 247 180 461 293 Marketing, general and administrative 91 104 178 186 Total $ 348 $ 292 $ 657 $ 491
Stock Repurchased During Period, Shares	3,000
Payments for Repurchase of Common Stock	$ 241	$ 2,835

Segment Reporting (Tables)

Segment Reporting (Tables)	6 Months Ended
Segment Reporting (Tables)	Jul. 01, 2023
Segment Reporting [Abstract]
Summary of Net Revenue and Operating Income (Loss) by Segment	The following table provides a summary of net revenue and operating income by segment: Three Months Ended Six Months Ended July 1, June 25, July 1, June 25, (In millions) Net revenue: Data Center $ 1,321 $ 1,486 $ 2,616 $ 2,779 Client 998 2,152 1,737 4,276 Gaming 1,581 1,655 3,338 3,530 Embedded 1,459 1,257 3,021 1,852 Total net revenue $ 5,359 $ 6,550 $ 10,712 $ 12,437 Operating income (loss): Data Center $ 147 $ 472 $ 295 $ 899 Client (69) 676 (241) 1,368 Gaming 225 187 539 545 Embedded 757 641 1,555 918 All Other (1) (1,080) (1,450) (2,313) (2,253) Total operating income (loss) $ (20) $ 526 $ (165) $ 1,477 (1) For the three and six months ended July 1, 2023, all other operating losses primarily included $693 million and $1.5 billion of amortization of acquisition-related intangibles, $348 million and $657 million of stock-based compensation expense and $34 million and $145 million of acquisition-related costs, respectively. For the three and six months ended June 25, 2022, all other operating losses primarily included $1.0 billion and $1.5 billion of amortization of acquisition-related intangibles, $292 million and $491 million of stock-based compensation expense and $141 million and $349 million of acquisition-related costs, respectively.

Commitment and Contingencies (T

Commitment and Contingencies (Tables)	6 Months Ended
Commitment and Contingencies (Tables)	Jul. 01, 2023
Commitments and Contingencies Disclosure [Abstract]
Recorded Unconditional Purchase Obligations	Total future unconditional purchase commitments as of July 1, 2023 were as follows: Fiscal Year (In millions) Remainder of 2023 $ 3,944 2024 1,599 2025 345 2026 183 2027 53 2028 and thereafter 160 Total unconditional purchase commitments $ 6,284

Intangible Assets, Goodwill a_2

Intangible Assets, Goodwill and Other (Tables)	6 Months Ended
Intangible Assets, Goodwill and Other (Tables)	Jul. 01, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Acquired Indefinite-lived Intangible Assets by Major Class	Acquisition-related intangibles were as follows: July 1, 2023 December 31, 2022 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount (In millions) (In millions) Developed technology $ 12,360 $ (1,157) $ 11,203 $ 12,360 $ (738) $ 11,622 Customer relationships 12,324 (2,925) 9,399 12,324 (1,973) 10,351 Customer backlog 809 (809) — 809 (712) 97 Corporate trade name 65 (65) — 65 (57) 8 Product trademarks 914 (108) 806 914 (68) 846 Identified intangible assets subject to amortization 26,472 (5,064) 21,408 26,472 (3,548) 22,924 IPR&D not subject to amortization 1,190 — 1,190 1,194 — 1,194 Total acquisition-related intangible assets $ 27,662 $ (5,064) $ 22,598 $ 27,666 $ (3,548) $ 24,118
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	Based on the carrying value of acquisition-related intangibles recorded as of July 1, 2023, and assuming no subsequent impairment of the underlying assets, the estimated annual amortization expense for acquisition-related intangibles is expected to be as follows: Fiscal Year (In millions) Remainder of 2023 $ 1,288 2024 2,286 2025 2,061 2026 1,951 2027 1,844 2028 and thereafter 11,978 Total $ 21,408

Basis of Presentation and Sig_3

Basis of Presentation and Significant Accounting Policies (Details) - USD ($) $ in Millions	Jul. 01, 2023	Dec. 31, 2022	Feb. 14, 2022
Disaggregation of Revenue [Line Items]
Deferred tax liabiilty	$ 1,365	$ 1,934
Xilinx
Disaggregation of Revenue [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill			$ 27,300
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill			$ 27,300

Supplemental Balance Sheet In_3

Supplemental Balance Sheet Information (Details) - USD ($) $ in Millions	Jul. 01, 2023	Dec. 31, 2022	Jun. 25, 2022
Accounts Receivable, Net
Unbilled contracts receivable		$ 1,100	$ 1,300
Inventories
Raw materials	$ 154	231
Work in process	3,470	2,648
Finished goods	943	892
Inventories, Total	4,567	3,771
Property and Equipment, Net
Land	120	120
Building and leasehold improvements	675	594
Equipment	2,216	2,163
Construction in progress	212	143
Property and equipment, gross	3,223	3,020
Accumulated depreciation	(1,682)	(1,507)
Total property and equipment, net	1,541	1,513
Accrued Liabilities
Accrued compensation and benefits	643	701
Customer program liabilities	848	859
Accrued marketing programs	752	876
Other accrued liabilities	728	641
Total accrued liabilities	2,971	3,077
Prepaid Expenses and Other Current Assets [Line Items]
Other	497	592
Prepaid expenses and other current assets	1,339	1,265
Accrued Income Taxes, Current	635	156
Other current liabilities	756	336
Prepaid Expenses and Other Current Assets
Prepaid Expenses and Other Current Assets [Line Items]
Prepaid supply agreements	842	673
Other Current Liabilities
Prepaid Expenses and Other Current Assets [Line Items]
Other Liabilities	121	180
Other Liabilities	$ 121	$ 180

Supplemental Balance Sheet In_4

Supplemental Balance Sheet Information - Revenue (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 01, 2023	Jun. 25, 2022	Jul. 01, 2023	Jun. 25, 2022
Balance Sheet Related Disclosures [Abstract]
Revenue allocated to remaining performance obligations that are unsatisfied or partially unsatisfied	$ 274		$ 274
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue allocated to remaining performance obligations that are unsatisfied or partially unsatisfied	274		274
Amortization of Intangible Assets	693	$ 1,000	1,500	$ 1,500
Cost of sales
Balance Sheet Related Disclosures [Abstract]
Revenue allocated to remaining performance obligations that are unsatisfied or partially unsatisfied	199		199
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue allocated to remaining performance obligations that are unsatisfied or partially unsatisfied	$ 199		$ 199
Transferred over Time
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Percentage of Revenue to Total Revenue	27%	20%	28%	21%
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-03-26
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations expected to be satisfied, expected timing	12 months		12 months

Related Parities - Equity Joi_2

Related Parities - Equity Joint Ventures (Details) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 01, 2023 USD ($) joint_venture	Jun. 25, 2022 USD ($)	Jul. 01, 2023 USD ($) joint_venture	Jun. 25, 2022 USD ($)	Dec. 31, 2022 USD ($)	Apr. 29, 2022 USD ($)
Summary of Investment Holdings [Line Items]
Equity income in investee	$ 6	$ 4	$ 7	$ 7
Carrying value of investment	90		90		$ 83
Other current liabilities	756		756		336
Amortization of Intangible Assets	693	1,000	1,500	1,500
Share-based compensation expense	348	292	657	491
Revolving Credit Facility [Member] \| Secured Revolving Credit Facility
Summary of Investment Holdings [Line Items]
Maximum borrowing capacity						$ 3,000
All Other
Summary of Investment Holdings [Line Items]
Amortization of Intangible Assets	693	1,000	1,500	1,500
Business Combination, Acquisition Related Costs	$ 34	141	$ 145	349
Joint Venture \| ATMP JV
Summary of Investment Holdings [Line Items]
Ownership percentage	15%		15%
Number of joint ventures \| joint_venture	2		2
Purchases from related party	$ 412	407	$ 779	755
Resale to ATMP JV	1	4	3	8
Equity income in investee	6	4	7	7
Carrying value of investment	90		90		83
Estimated license fees expected to be earned over several years pursuant to a licensing agreement	8	$ 6	18	$ 89
Other current liabilities	313		313		463
Receivables from related parties	$ 2		$ 2		2
Joint Venture \| THATIC JV
Summary of Investment Holdings [Line Items]
Number of joint ventures \| joint_venture	2		2
Carrying value of investment	$ 0		$ 0		$ 0

Debt and Revolving Facility - S

Debt and Revolving Facility - Schedule of Debt (Details) - USD ($) $ in Millions	Jul. 01, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Unamortized debt premium, discount and issuance costs, net	$ (33)	$ (34)
Total debt (net)	2,467	2,467
Long-Term Debt, Current Maturities	750	0
Debt Instrument, Unamortized Premium, Current	(3)	0
Long-term debt	$ 1,714	2,467
2.125% Convertible Senior Notes due 2026 \| Convertible Debt
Debt Instrument [Line Items]
Stated interest rate	2.125%
Total debt (principal amount)	$ 0	1
2.95% Senior Notes due 2024 \| Senior Notes
Debt Instrument [Line Items]
Total debt (principal amount)	750	750
2.375% Senior Notes due 2030 \| Senior Notes
Debt Instrument [Line Items]
Total debt (principal amount)	750	750
Principal Balance Due
Debt Instrument [Line Items]
Total debt (principal amount)	2,500	2,501
Long-Term Debt, Maturity, Year Two	750
Long-Term Debt, Maturity, after Year Five	$ 1,750
3.924% Senior Note due 2032 \| Senior Notes
Debt Instrument [Line Items]
Stated interest rate	3.924%
Total debt (principal amount)	$ 500	500
4.393% Senior Notes due 2052 \| Senior Notes
Debt Instrument [Line Items]
Stated interest rate	4.393%
Total debt (principal amount)	$ 500	$ 500

Debt and Revolving Facility - N

Debt and Revolving Facility - Narrative (Details) - USD ($) $ in Millions	Apr. 29, 2022	Jul. 01, 2023	Dec. 31, 2022	Nov. 03, 2022	Feb. 14, 2022
Principal balance of notes assumed
Debt Instrument [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-term Debt					$ 1,500
2.125% Convertible Senior Notes due 2026 \| Convertible Debt
Debt Instrument [Line Items]
Stated interest rate		2.125%
Total debt (principal amount)		$ 0	$ 1
2.95% Senior Notes due 2024 \| Senior Notes
Debt Instrument [Line Items]
Total debt (principal amount)		750	750
2.375% Senior Notes due 2030 \| Senior Notes
Debt Instrument [Line Items]
Total debt (principal amount)		$ 750	750
4.393% Senior Notes due 2052 \| Senior Notes
Debt Instrument [Line Items]
Stated interest rate		4.393%
Total debt (principal amount)		$ 500	500
3.924% Senior Note due 2032 \| Senior Notes
Debt Instrument [Line Items]
Stated interest rate		3.924%
Total debt (principal amount)		$ 500	$ 500
3.924% and 4.393% Senior Notes due 2032 and 2052 \| Senior Notes
Debt Instrument [Line Items]
Total debt (principal amount)		$ 1,000
Secured Revolving Credit Facility \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate \| Maximum
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.25%
Secured Revolving Credit Facility \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate \| Minimum
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	0.625%
Secured Revolving Credit Facility \| Base Rate \| Maximum
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	0.25%
Secured Revolving Credit Facility \| Base Rate \| Minimum
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	0%
Secured Revolving Credit Facility \| Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 3,000
Commercial Paper [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity				$ 3,000

Debt and Revolving Facility Pay

Debt and Revolving Facility Payment Due (Details) - Principal Balance Due $ in Millions	Jul. 01, 2023 USD ($)
Debt Instrument [Line Items]
Long-Term Debt, Maturity, after Year Five	$ 1,750
Long-Term Debt, Maturity, Year Two	$ 750

Financial Instruments - Narrati

Financial Instruments - Narrative (Details) - USD ($) $ in Millions	6 Months Ended
	Jul. 01, 2023	Jun. 25, 2022	Dec. 31, 2022
Other Fair Value Disclosure [Line Items]
Short-term investments	$ 2,444		$ 1,020
Equity Securities, FV-NI, Gain (Loss)	2	$ (54)
Equity Securities without Readily Determinable Fair Value, Amount	131		137
Debt Securities, Available-for-sale, Amortized Cost	5,496		4,432
Short-term Investments
Other Fair Value Disclosure [Line Items]
Debt Securities, Available-for-sale, Amortized Cost	3,752		1,424
Foreign Exchange Contract \| Cash Flow Hedging
Other Fair Value Disclosure [Line Items]
Derivative Instruments in Hedges, Liabilities, at Fair Value	$ 15		$ 27

Financial Instruments - Schedul

Financial Instruments - Schedule of Carrying Amounts and Estimated Fair Values of Financial Instruments not Recorded at Fair Value (Details) - USD ($) $ in Millions	Jul. 01, 2023	Dec. 31, 2022
Other Fair Value Disclosure [Line Items]
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling within One Year, Amortized Cost	$ 3,563	$ 1,224
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling within One Year, Fair Value	3,558	1,218
Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year One Through Five	151	159
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year One Through Five	151	156
Debt Securities, Available-for-sale, Amortized Cost	5,496	4,432
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax	0	0
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax	(7)	(12)
Debt Securities, Available-for-sale	5,489	4,420
Equity Securities without Readily Determinable Fair Value, Amount	131	137
Foreign Exchange Contract \| Cash Flow Hedging
Other Fair Value Disclosure [Line Items]
Derivative Instruments in Hedges, Liabilities, at Fair Value	15	27
Derivative Instruments in Hedges, Liabilities, at Fair Value	15	27
Short-term Investments
Other Fair Value Disclosure [Line Items]
Debt Securities, Available-for-sale, Amortized Cost	3,752	1,424
Debt Securities, Available-for-Sale and Held-to-Maturity, Fair Value	3,745	1,412
Available for Sale Securities Maturing in Five Years and Later
Other Fair Value Disclosure [Line Items]
Debt Securities, Available-for-sale, Amortized Cost	38	41
Debt Securities, Available-for-sale	36	38
Carrying Amount
Summary of Investment Holdings [Line Items]
Current portion of long-term debt, net	753	0
Notes Payable, Fair Value Disclosure	1,714	2,467
Estimated Fair Value \| Level 2
Summary of Investment Holdings [Line Items]
Current portion of long-term debt, net	732	0
Notes Payable, Fair Value Disclosure	1,575	2,281
Government money market funds
Other Fair Value Disclosure [Line Items]
Debt Securities, Available-for-sale, Amortized Cost	1,750	3,017
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax	0	0
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax	0	0
Debt Securities, Available-for-sale	1,750	3,017
Commercial Paper [Member]
Other Fair Value Disclosure [Line Items]
Debt Securities, Available-for-sale, Amortized Cost	1,007	669
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax	0	0
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax	0	(4)
Debt Securities, Available-for-sale	1,007	665
US Government Agencies Debt Securities
Other Fair Value Disclosure [Line Items]
Debt Securities, Available-for-sale, Amortized Cost	2,271	471
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax	0	0
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax	(4)	(5)
Debt Securities, Available-for-sale	2,267	466
Sovereign Debt Securities
Other Fair Value Disclosure [Line Items]
Debt Securities, Available-for-sale, Amortized Cost	296	74
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax	0	0
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax	0	0
Debt Securities, Available-for-sale	296	74
Bank Time Deposits [Member]
Other Fair Value Disclosure [Line Items]
Debt Securities, Available-for-sale, Amortized Cost	133	159
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax	0	0
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax	0	0
Debt Securities, Available-for-sale	133	159
Asset-backed Securities
Other Fair Value Disclosure [Line Items]
Debt Securities, Available-for-sale, Amortized Cost	39	42
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax	0	0
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax	(3)	(3)
Debt Securities, Available-for-sale	$ 36	$ 39

Financial Instruments - Cash, C

Financial Instruments - Cash, Cash Equivalents, and Marketable Securities Fair Value Measurements (Details) - USD ($) $ in Millions	6 Months Ended
	Jul. 01, 2023	Dec. 31, 2022
Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	$ 5,611	$ 4,527
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	4,133	3,581
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	1,478	946
Cash and Cash Equivalents \| Fair Value, Recurring \| Government money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	1,750	3,017
Cash and Cash Equivalents \| Fair Value, Recurring \| Commercial Paper [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	269	224
Cash and Cash Equivalents \| Fair Value, Recurring \| US Government Agencies Debt Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	897	0
Investments, Fair Value Disclosure	1,370	466
Cash and Cash Equivalents \| Fair Value, Recurring \| Bank Time Deposits [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	129	159
Investments, Fair Value Disclosure	129	159
Cash and Cash Equivalents \| Fair Value, Recurring \| Sovereign Debt Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	296	74
Cash and Cash Equivalents \| Level 1 \| Fair Value, Recurring \| Government money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	1,750	3,017
Cash and Cash Equivalents \| Level 1 \| Fair Value, Recurring \| Commercial Paper [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	0	0
Cash and Cash Equivalents \| Level 1 \| Fair Value, Recurring \| US Government Agencies Debt Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	897	0
Investments, Fair Value Disclosure	1,370	466
Cash and Cash Equivalents \| Level 1 \| Fair Value, Recurring \| Bank Time Deposits [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	0	0
Investments, Fair Value Disclosure	0	0
Cash and Cash Equivalents \| Level 1 \| Fair Value, Recurring \| Sovereign Debt Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	0	0
Cash and Cash Equivalents \| Fair Value, Inputs, Level 2 [Member] \| Fair Value, Recurring \| Government money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	0	0
Cash and Cash Equivalents \| Fair Value, Inputs, Level 2 [Member] \| Fair Value, Recurring \| Commercial Paper [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	269	224
Cash and Cash Equivalents \| Fair Value, Inputs, Level 2 [Member] \| Fair Value, Recurring \| US Government Agencies Debt Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	0	0
Investments, Fair Value Disclosure	0	0
Cash and Cash Equivalents \| Fair Value, Inputs, Level 2 [Member] \| Fair Value, Recurring \| Bank Time Deposits [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	129	159
Investments, Fair Value Disclosure	129	159
Cash and Cash Equivalents \| Fair Value, Inputs, Level 2 [Member] \| Fair Value, Recurring \| Sovereign Debt Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	296	74
Short-term Investments \| Fair Value, Recurring \| Commercial Paper [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	738	441
Short-term Investments \| Fair Value, Recurring \| Bank Time Deposits [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	4
Short-term Investments \| Fair Value, Recurring \| Asset-backed Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	36	39
Short-term Investments \| Level 1 \| Fair Value, Recurring \| Commercial Paper [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	0	0
Short-term Investments \| Level 1 \| Fair Value, Recurring \| Asset-backed Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	0	0
Short-term Investments \| Fair Value, Inputs, Level 2 [Member] \| Fair Value, Recurring \| Commercial Paper [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	738	441
Short-term Investments \| Fair Value, Inputs, Level 2 [Member] \| Fair Value, Recurring \| Bank Time Deposits [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	4
Short-term Investments \| Fair Value, Inputs, Level 2 [Member] \| Fair Value, Recurring \| Asset-backed Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	36	39
Other Noncurrent Assets \| Fair Value, Recurring \| Bank Time Deposits [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	6	9
Other Noncurrent Assets \| Fair Value, Recurring \| Equity Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	9	8
Other Noncurrent Assets \| Fair Value, Recurring \| us-gaap_FairValueMeasurementsRecurring-Def Comp
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	107	90
Other Noncurrent Assets \| Level 1 \| Fair Value, Recurring \| Bank Time Deposits [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	0	0
Other Noncurrent Assets \| Level 1 \| Fair Value, Recurring \| Equity Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	9	8
Other Noncurrent Assets \| Level 1 \| Fair Value, Recurring \| us-gaap_FairValueMeasurementsRecurring-Def Comp
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	107	90
Other Noncurrent Assets \| Fair Value, Inputs, Level 2 [Member] \| Fair Value, Recurring \| Bank Time Deposits [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	6	9
Other Noncurrent Assets \| Fair Value, Inputs, Level 2 [Member] \| Fair Value, Recurring \| Equity Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	0	0
Other Noncurrent Assets \| Fair Value, Inputs, Level 2 [Member] \| Fair Value, Recurring \| us-gaap_FairValueMeasurementsRecurring-Def Comp
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	$ 0	0
Foreign Exchange Contract \| Cash Flow Hedging
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative, term of contract	24 months
Derivative, notional amount	$ 2,000	1,900
Foreign Exchange Contract \| Contracts not designated as hedging instruments:
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative, term of contract	3 months
Derivative, notional amount	$ 517	$ 485

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jul. 01, 2023	Jun. 25, 2022	Jul. 01, 2023	Jun. 25, 2022
Numerator
Net income (loss) for basic earnings per share	$ 27	$ 447	$ (112)	$ 1,233
Denominator
Basic weighted-average shares (in shares)	1,612	1,618	1,612	1,506
Incremental Weighted Average Shares Attributable to Dilutive Effect [Abstract]
Employee equity plans and warrants (in shares)	15	14	0	15
Diluted weighted-average shares (in shares)	1,627	1,632	1,612	1,521
Diluted (in usd per share)	$ 0.02	$ 0.27	$ (0.07)	$ 0.81
Basic (in usd per share)	$ 0.02	$ 0.28	$ (0.07)	$ 0.82

Common Stock and Employee Equ_3

Common Stock and Employee Equity Plans - Common Stock Activity (Details) - USD ($) shares in Thousands, $ in Millions	3 Months Ended		6 Months Ended
	Jul. 01, 2023	Jun. 25, 2022	Jul. 01, 2023	Jun. 25, 2022
Changes in Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance, beginning of period (in shares)			1,645,000
Balance, end of period (in shares)	1,651,000		1,651,000
Stock Repurchased During Period, Shares			(3,000)
Stock Repurchase Program, Authorized Amount	$ 12,000		$ 12,000
Payments for Repurchase of Common Stock			241	$ 2,835
Repurchases of common stock	241
Stock Repurchase Program, Remaining Authorized Repurchase Amount	6,300		6,300
Stock Repurchase Program, Authorized Amount	$ 12,000		$ 12,000
Common stock, par value
Changes in Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance, beginning of period (in shares)	1,609,000	1,620,000	1,612,000	1,207,000
Common stock issued under employee equity plans (in shares)	4,000	3,000	5,000	3,000
Share-based Payment Arrangement, Shares Withheld for Tax Withholding Obligation	0	(1,000)	(1,000)	(1,000)
Issuance of common stock to settle convertible debt (in shares)	1,000	0	1,000	0
Balance, end of period (in shares)	1,614,000	1,612,000	1,614,000	1,612,000
Stock Issued During Period, Shares, Acquisitions	0	0	0	429,000
Stock Repurchased During Period, Shares	0	(10,000)	(3,000)	(26,000)

Common Stock and Employee Equ_4

Common Stock and Employee Equity Plans - Schedule of Stock-based Compensation Expense (Details) - USD ($) shares in Thousands, $ in Millions	3 Months Ended		6 Months Ended
	Jul. 01, 2023	Jun. 25, 2022	Jul. 01, 2023	Jun. 25, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 348	$ 292	$ 657	$ 491
Stock Repurchased During Period, Shares			3,000
All Other
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Business Combination, Acquisition Related Costs	34	141	$ 145	349
Cost of sales
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	10	8	18	12
Research and development
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	247	180	461	293
Marketing, general and administrative
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 91	$ 104	$ 178	$ 186

Common Stock and Employee Equ_5

Common Stock and Employee Equity Plans (Details) $ in Millions	Jul. 01, 2023 USD ($)
Equity [Abstract]
Stock Repurchase Program, Remaining Authorized Repurchase Amount	$ 6,300

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Income Taxes (Details) - USD ($) $ in Millions	Jul. 01, 2023	Jun. 25, 2022	Jul. 01, 2023	Jun. 25, 2022	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Income tax provision (benefit)	$ (23)	$ 54	$ (10)	$ 167
Effective tax rate	(511.40%)	10.80%	8%	11.90%
Income Taxes			Income Taxes The Company determines its income taxes for interim reporting periods by applying the Company’s estimated annual effective tax rate to the year-to-date results, adjusted for tax items discrete to each period. The Company recorded an income tax benefit of $23 million and $10 million for the three and six months ended July 1, 2023, respectively, representing effective tax rates of (511.4)% and 8.0%, respectively. The Company recorded the tax effects of stock-based compensation, uncertain tax positions, and other items discrete to the period resulting in income tax benefit of $34 million and $12 million for the three and six months ended July 1, 2023, respectively. These discrete items had a disproportionate impact on our effective tax rate for the three months ended July 1, 2023 because our pre-tax income was close to break-even for the period. For the six months ended July 1, 2023, the impact of tax items discrete to the period was not material to the total tax expense or the effective tax rate. The Company recorded an income tax provision of $54 million and $167 million for the three and six months ended June 25, 2022, representing effective tax rates of 10.8% and 11.9%, respectively. For the three and six months ended June 25, 2022, the impact of tax items discrete to the periods was not material to the total tax expense or the effective tax rate. The difference between the U.S. federal statutory tax rate of 21% and the Company's estimated annual effective tax rate for the three and six months ended July 1, 2023 and June 25, 2022 was primarily due to the income tax benefit from foreign-derived intangible income (FDII) and research and development tax credits.
Deferred tax liabiilty	$ 1,365		$ 1,365		$ 1,934
Accrued Income Taxes, Noncurrent	$ 1,500		$ 1,500

Segment Reporting (Details)

Segment Reporting (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Segment Reporting (Details) - USD ($) $ in Millions	Jul. 01, 2023	Jun. 25, 2022	Jul. 01, 2023	Jun. 25, 2022
Segment Reporting Information [Line Items]
Total net revenue	$ 5,359	$ 6,550	$ 10,712	$ 12,437
Total operating income (loss)	(20)	526	(165)	1,477
Share-based compensation expense	348	292	657	491
All Other
Segment Reporting Information [Line Items]
Total operating income (loss)	(1,080)	(1,450)	(2,313)	(2,253)
Data Center
Segment Reporting Information [Line Items]
Total net revenue	1,581	1,655	3,338	3,530
Data Center \| Operating Segments
Segment Reporting Information [Line Items]
Total operating income (loss)	225	187	539	545
Client
Segment Reporting Information [Line Items]
Total net revenue	1,321	1,486	2,616	2,779
Client \| Operating Segments
Segment Reporting Information [Line Items]
Total operating income (loss)	147	472	295	899
Gaming
Segment Reporting Information [Line Items]
Total net revenue	998	2,152	1,737	4,276
Gaming \| Operating Segments
Segment Reporting Information [Line Items]
Total operating income (loss)	(69)	676	(241)	1,368
Embedded
Segment Reporting Information [Line Items]
Total net revenue	1,459	1,257	3,021	1,852
Embedded \| Operating Segments
Segment Reporting Information [Line Items]
Total operating income (loss)	$ 757	$ 641	$ 1,555	$ 918

Contingencies (Details)

Contingencies (Details) $ in Millions	Jul. 01, 2023 USD ($)
Recorded Unconditional Purchase Obligation [Line Items]
Recorded Unconditional Purchase Obligation, to be Paid, Year One	$ 3,944
Recorded Unconditional Purchase Obligation, to be Paid, Year Two	1,599
Recorded Unconditional Purchase Obligation, to be Paid, Year Three	345
Unrecorded Unconditional Purchase Obligation, to be Paid, Year Four	183
Unrecorded Unconditional Purchase Obligation, to be Paid, Year Five	53
Unrecorded Unconditional Purchase Obligation, to be Paid, after Year Five	160
Recorded Unconditional Purchase Obligation	$ 6,284

Business Combinations and Asset

Business Combinations and Asset Acquisitions (Details) - USD ($) $ in Millions			3 Months Ended		6 Months Ended
	May 26, 2022	Feb. 14, 2022	Jul. 01, 2023	Jun. 25, 2022	Jul. 01, 2023	Jun. 25, 2022	Dec. 31, 2022
Business Combination and Asset Acquisition [Abstract]
Cash Acquired from Acquisition			$ 0	$ 2,366
Business Acquisition [Line Items]
Goodwill			24,177		$ 24,177		$ 24,177
Payments to Acquire Businesses, Net of Cash Acquired					0	$ 1,558
Cash Acquired from Acquisition			0	2,366
Income tax provision (benefit)			(23)	54	(10)	167
Goodwill			24,177		24,177		24,177
Payments to Acquire Businesses, Net of Cash Acquired					0	1,558
Income tax provision (benefit)			(23)	54	(10)	167
Amortization of Intangible Assets			693	1,000	1,500	1,500
All Other
Business Acquisition [Line Items]
Business Combination, Acquisition Related Costs			34	141	145	349
Business Combination, Acquisition Related Costs			34	141	145	349
Amortization of Intangible Assets			693	$ 1,000	1,500	1,500
Other Intangible Assets
Business Acquisition [Line Items]
Indefinite-lived Intangible Assets (Excluding Goodwill)			$ 1,190		1,190		$ 1,194
Common and Treasury Stock Issued
Business Combination and Asset Acquisition [Abstract]
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable					0	48,514
Business Acquisition [Line Items]
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable					0	48,514
Xilinx
Business Combination and Asset Acquisition [Abstract]
Transaction value		$ 48,800
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill		27,300
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net		(1,300)
Business Acquisition [Line Items]
Transaction value		48,800
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill		27,300
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net		$ (1,300)
Pre-Combination Unvested Restricted Stock Units Assumed
Business Combination and Asset Acquisition [Abstract]
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable					0	275
Business Acquisition [Line Items]
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable					$ 0	$ 275
Pensando
Business Combination and Asset Acquisition [Abstract]
Transaction value	$ 1,700
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	349
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net	208
Business Acquisition [Line Items]
Transaction value	1,700
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	349
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net	208
Goodwill	1,100
Goodwill	$ 1,100

Intangible Assets, Goodwill a_3

Intangible Assets, Goodwill and Other (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 01, 2023	Jun. 25, 2022	Jul. 01, 2023	Jun. 25, 2022	Dec. 31, 2022	Feb. 14, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets, Net (Excluding Goodwill)	$ 22,598		$ 22,598		$ 24,118
Intangible Assets, Gross (Excluding Goodwill)					27,666	$ 27,662
Finite-Lived Intangible Assets, Gross	26,472		26,472		26,472
Finite-Lived Intangible Assets, Accumulated Amortization	5,064		5,064		3,548
Finite-Lived Intangible Assets, Net	21,408		21,408		22,924
Amortization of Intangible Assets	693	$ 1,000	1,500	$ 1,500
Finite-Lived Intangible Asset, Expected Amortization, Remainder of Fiscal Year	1,288		1,288
Finite-Lived Intangible Asset, Expected Amortization, Year One	2,286		2,286
Finite-Lived Intangible Asset, Expected Amortization, Year Two	2,061		2,061
Finite-Lived Intangible Asset, Expected Amortization, Year Three	1,951		1,951
Finite-Lived Intangible Asset, Expected Amortization, Year Four	1,844		1,844
Finite-Lived Intangible Asset, Expected Amortization, after Year Five	11,978		11,978
Finite-Lived Intangible Asset, Expected Amortization, Year Five	11,978		11,978
Goodwill	24,177		24,177		24,177
Goodwill [Line Items]
Goodwill	24,177		24,177		24,177
Equity income in investee	6	4	7	7
Finite-Lived Intangible Assets, Accumulated Amortization	5,064		5,064		3,548
Finite-Lived Intangible Assets, Net	21,408		21,408		22,924
Finite-Lived Intangible Assets, Gross	26,472		26,472		26,472
Intangible Assets, Gross (Excluding Goodwill)					27,666	27,662
Intangible Assets, Net (Excluding Goodwill)	22,598		22,598		24,118
Amortization of Intangible Assets	693	1,000	1,500	1,500
Other Intangible Assets
Goodwill and Intangible Assets Disclosure [Abstract]
Indefinite-lived Intangible Assets (Excluding Goodwill)	1,190		1,190		1,194
Goodwill [Line Items]
Indefinite-lived Intangible Assets (Excluding Goodwill)	1,190		1,190		1,194
Developed Technology Rights
Goodwill and Intangible Assets Disclosure [Abstract]
Finite-Lived Intangible Assets, Gross	12,360		12,360		12,360
Finite-Lived Intangible Assets, Accumulated Amortization	1,157		1,157		738
Finite-Lived Intangible Assets, Net	11,203		11,203		11,622
Goodwill [Line Items]
Finite-Lived Intangible Assets, Accumulated Amortization	1,157		1,157		738
Finite-Lived Intangible Assets, Net	11,203		11,203		11,622
Finite-Lived Intangible Assets, Gross	12,360		12,360		12,360
Customer Relationships
Goodwill and Intangible Assets Disclosure [Abstract]
Finite-Lived Intangible Assets, Gross	12,324		12,324		12,324
Finite-Lived Intangible Assets, Accumulated Amortization	2,925		2,925		1,973
Finite-Lived Intangible Assets, Net	9,399		9,399		10,351
Goodwill [Line Items]
Finite-Lived Intangible Assets, Accumulated Amortization	2,925		2,925		1,973
Finite-Lived Intangible Assets, Net	9,399		9,399		10,351
Finite-Lived Intangible Assets, Gross	12,324		12,324		12,324
Customer Contracts
Goodwill and Intangible Assets Disclosure [Abstract]
Finite-Lived Intangible Assets, Gross	809		809		809
Finite-Lived Intangible Assets, Accumulated Amortization	809		809		712
Finite-Lived Intangible Assets, Net	0		0		97
Goodwill [Line Items]
Finite-Lived Intangible Assets, Accumulated Amortization	809		809		712
Finite-Lived Intangible Assets, Net	0		0		97
Finite-Lived Intangible Assets, Gross	809		809		809
Trade Names
Goodwill and Intangible Assets Disclosure [Abstract]
Finite-Lived Intangible Assets, Gross	65		65		65
Finite-Lived Intangible Assets, Accumulated Amortization	65		65		57
Finite-Lived Intangible Assets, Net	0		0		8
Goodwill [Line Items]
Finite-Lived Intangible Assets, Accumulated Amortization	65		65		57
Finite-Lived Intangible Assets, Net	0		0		8
Finite-Lived Intangible Assets, Gross	65		65		65
Trademarks
Goodwill and Intangible Assets Disclosure [Abstract]
Finite-Lived Intangible Assets, Gross	914		914		914
Finite-Lived Intangible Assets, Accumulated Amortization	108		108		68
Finite-Lived Intangible Assets, Net	806		806		846
Goodwill [Line Items]
Finite-Lived Intangible Assets, Accumulated Amortization	108		108		68
Finite-Lived Intangible Assets, Net	806		806		846
Finite-Lived Intangible Assets, Gross	914		914		$ 914
ATMP JV \| Joint Venture
Goodwill [Line Items]
Equity income in investee	$ 6	$ 4	$ 7	$ 7
Xilinx
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill						22,800
Goodwill [Line Items]
Goodwill						$ 22,800

Subsequent Events (Details)

Subsequent Events (Details) - Pensando $ in Millions	May 26, 2022 USD ($)
Subsequent Events [Abstract]
Transaction value	$ 1,700
Subsequent Event [Line Items]
Transaction value	$ 1,700

Uncategorized Items - amd-20230

Label	Element	Value
Proceeds from Sale of Short-Term Investments	us-gaap_ProceedsFromSaleOfShortTermInvestments	$ 248,000,000
Proceeds from Sale of Short-Term Investments	us-gaap_ProceedsFromSaleOfShortTermInvestments	$ 1,000,000