Advanced Micro Devices (AMD) 10-Q31 Jul 242024 Q2 Quarterly reportFinancial data

Company Profile

Cover Page

Cover Page - shares	6 Months Ended
Cover Page - shares	Jun. 29, 2024	Jul. 24, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 29, 2024
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 per share
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		1,618,481,845
Amendment Flag	false
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Entity Central Index Key	0000002488
Current Fiscal Year End Date	--12-28

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 29, 2024	Jul. 01, 2023	Jun. 29, 2024	Jul. 01, 2023
Income Statement [Abstract]
Net revenue	$ 5,835	$ 5,359	$ 11,308	$ 10,712
Cost of sales	2,740	2,704	5,423	5,393
Amortization of acquisition-related intangibles	231	212	461	517
Cost of sales	2,971	2,916	5,884	5,910
Gross profit	2,864	2,443	5,424	4,802
Research and development	1,583	1,443	3,108	2,854
Marketing, general and administrative	650	547	1,270	1,132
Amortization of acquisition-related intangibles-Opex	372	481	764	999
Licensing gain	(10)	(8)	(23)	(18)
Operating income (loss)	269	(20)	305	(165)
Interest expense	(25)	(28)	(50)	(53)
Other income (expense), net	55	46	108	89
Income (loss) before income taxes and equity income	299	(2)	363	(129)
Income tax provision (benefit)	41	(23)	(11)	(10)
Equity income in investee	7	6	14	7
Net income (loss)	$ 265	$ 27	$ 388	$ (112)
Earnings (loss) per share
Basic (in usd per share)	$ 0.16	$ 0.02	$ 0.24	$ (0.07)
Diluted (in usd per share)	$ 0.16	$ 0.02	$ 0.24	$ (0.07)
Shares used in per share calculation
Basic (in shares)	1,618	1,612	1,617	1,612
Diluted (in shares)	1,637	1,627	1,638	1,612

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 29, 2024	Jul. 01, 2023	Jun. 29, 2024	Jul. 01, 2023
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 265	$ 27	$ 388	$ (112)
Other comprehensive income (loss), net of tax:
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax	(1)	(11)	(19)	9
Total comprehensive income (loss)	$ 264	$ 16	$ 369	$ (103)

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) shares in Millions, $ in Millions	Jun. 29, 2024	Dec. 30, 2023
Current assets:
Cash and cash equivalents	$ 4,113	$ 3,933
Short-term investments	1,227	1,840
Accounts receivable, net	5,749	5,376
Inventories	4,991	4,351
Receivables from related parties	24	9
Prepaid expenses and other current assets	1,361	1,259
Total current assets	17,465	16,768
Property and equipment, net	1,666	1,589
Operating lease right-of-use assets	635	633
Goodwill	24,262	24,262
Acquisition-related intangibles, net	20,138	21,363
Investment: equity method	113	99
Deferred tax assets	617	366
Other non-current assets	2,990	2,805
Total assets	67,886	67,885
Current liabilities:
Accounts payable	1,699	2,055
Payables to related parties	420	363
Accrued liabilities	3,629	3,082
Current portion of long-term debt, net	0	751
Other current liabilities	447	438
Total current liabilities	6,195	6,689
Long-term debt, net of current portion	1,719	1,717
Long-term operating lease liabilities	526	535
Deferred tax liabilities	1,192	1,202
Other long-term liabilities	1,716	1,850
Commitments and contingencies (See Note 12)
Capital stock:
Common stock, par value $0.01; shares authorized: 2,250; shares issued: 1,668 and 1,663; shares outstanding: 1,618 and 1,616	17	17
Additional paid-in capital	60,542	59,676
Treasury stock, at cost (shares held: 50 and 47)	(5,103)	(4,514)
Retained earnings	1,111	723
Accumulated other comprehensive loss	(29)	(10)
Total stockholders’ equity	56,538	55,892
Total liabilities and stockholders’ equity	$ 67,886	$ 67,885
Common stock, outstanding (in shares)	1,618	1,616
Common stock, par value (in dollars per share)	$ 0.01
Common stock, authorized (in shares)	2,250
Common stock, issued (in shares)	1,668	1,663

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheet (Parenthetical) - USD ($) shares in Millions, $ in Millions	Jun. 29, 2024	Dec. 30, 2023
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)	1,668	1,663
Common stock, outstanding (in shares)	1,618	1,616
Treasury Stock, Common, Shares	50	47
Cash and cash equivalents	$ 4,113	$ 3,933

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Jun. 29, 2024	Jul. 01, 2023
Cash flows from operating activities:
Net income (loss)	$ 388	$ (112)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	1,553	1,831
Stock-based compensation	717	657
Amortization of operating lease right-of-use assets	52	48
Deferred income taxes	(256)	(582)
Inventory loss at contract manufacturer	65	0
Other	(37)	(8)
Changes in operating assets and liabilities
Accounts receivable, net	(373)	(186)
Inventories	(710)	(796)
Prepaid expenses and other assets	(234)	(237)
Receivables from and payables to related parties, net	42	(150)
Accounts payable	(356)	309
Accrued and other liabilities	263	91
Net cash provided by operating activities	1,114	865
Cash flows from investing activities:
Purchases of property and equipment	(296)	(283)
Purchases of short-term investments	(565)	(2,816)
Proceeds from maturity of short-term investments	1,202	1,171
Proceeds from sale of short-term investments	2	248
Other	(92)	5
Net cash provided by (used in) investing activities	251	(1,675)
Cash flows from financing activities:
Repayment of debt	(750)	0
Proceeds from sales of common stock through employee equity plans	148	144
Repurchases of common stock	(356)	(241)
Common stock repurchases for tax withholding on employee equity plans	(226)	(87)
Other	(1)	0
Net cash used in financing activities	(1,185)	(184)
Net increase (decrease) in cash and cash equivalents	180	(994)
Cash and cash equivalents at beginning of period	3,933	4,835
Cash and cash equivalents at end of period	4,113	3,841
Supplemental cash flow information:
Cash paid for taxes, net of refunds	311	46
Non-cash investing and financing activities:
Purchases of property and equipment, accrued but not paid	110	99
Operating lease right-of-use assets acquired by assuming related liabilities	$ 53	$ 50

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Stockholders' Equity - USD ($) $ in Millions	Total	Common stock, par value	Additional paid-in capital	Treasury stock	Retained earnings (Accumulated deficit):	Accumulated other comprehensive loss:
Beginning balance at Dec. 31, 2022		$ 16	$ 58,005	$ (3,099)	$ (131)	$ (41)
Increase (Decrease) in Stockholders' Equity
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	(3,430)	(243)	(32)
Beginning balance at Apr. 01, 2023		16	58,331	(3,362)	(270)	(21)
Increase (Decrease) in Stockholders' Equity
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				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	(3,430)	(243)	(32)
Beginning balance at Dec. 30, 2023	55,892	17	59,676	(4,514)	723	(10)
Increase (Decrease) in Stockholders' Equity
Common stock issued under employee equity plans			149
Stock-based compensation			717
Issuance of common stock warrants			0
Repurchases of common stock	356			(356)
Common stock repurchases for tax withholding on employee equity plans	226			(233)
Net income (loss)	388				388
Other comprehensive income (loss)						(19)
Ending balance at Jun. 29, 2024	56,538	17	60,542	(5,103)	1,111	(29)
Beginning balance at Mar. 30, 2024		17	60,053	(4,690)	846	(28)
Increase (Decrease) in Stockholders' Equity
Common stock issued under employee equity plans			143
Stock-based compensation			346
Issuance of common stock to settle convertible debt			0
Issuance of common stock warrants			0
Repurchases of common stock	352			(352)
Common stock repurchases for tax withholding on employee equity plans				(61)
Net income (loss)	265				265
Other comprehensive income (loss)						(1)
Ending balance at Jun. 29, 2024	$ 56,538	$ 17	$ 60,542	$ (5,103)	$ 1,111	$ (29)

The Company

The Company	6 Months Ended
The Company	Jun. 29, 2024
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), System on Modules (SOMs), Smart Network Interface Cards (SmartNICs), Artificial Intelligence (AI) Accelerators and Adaptive SoC products. From time to time, the Company may also sell or license portions of its intellectual property (IP) portfolio.

Basis of Presentation and Signi

Basis of Presentation and Significant Accounting Policies	6 Months Ended
Basis of Presentation and Significant Accounting Policies	Jun. 29, 2024
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 June 29, 2024 shown in this report are not necessarily indicative of results to be expected for the full year ending December 28, 2024 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 30, 2023. 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 June 29, 2024 and July 1, 2023 each consisted of 13 weeks 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, long-lived and intangible assets, and income taxes. Significant Accounting Policies.

Supplemental Balance Sheet Info

Supplemental Balance Sheet Information	6 Months Ended
Supplemental Balance Sheet Information	Jun. 29, 2024
Balance Sheet Related Disclosures [Abstract]
Supplemental Balance Sheet Information	Supplemental Financial Statement Information Accounts Receivable, net As of June 29, 2024 and December 30, 2023, Accounts receivable, net included unbilled accounts receivable of $1.7 billion and $1.1 billion, respectively. Unbilled accounts receivable primarily represent work completed on development services and on custom products for which revenue has been recognized but not yet invoiced. Unbilled accounts receivable that are included in Accounts receivable, net are expected to be billed and collected within 12 months. Inventories June 29, December 30, (In millions) Raw materials $ 338 $ 279 Work in process 3,727 3,260 Finished goods 926 812 Total inventories $ 4,991 $ 4,351 Property and Equipment, net June 29, December 30, (In millions) Land, building and leasehold improvements $ 834 $ 821 Equipment 2,603 2,346 Construction in progress 217 209 Property and equipment, gross 3,654 3,376 Accumulated depreciation (1,988) (1,787) Total property and equipment, net $ 1,666 $ 1,589 Accrued Liabilities June 29, December 30, (In millions) Customer-related liabilities $ 1,402 $ 788 Accrued marketing programs 828 827 Accrued compensation and benefits 755 884 Other accrued liabilities 644 583 Total accrued liabilities $ 3,629 $ 3,082 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 June 29, 2024, the aggregate transaction price allocated to remaining performance obligations under contracts with an original expected duration of more than one year was $76 million, of which $42 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 8% and 12% of the Company’s revenue for the three and six months ended June 29, 2024, respectively and 27% and 28% of the Company’s revenue for the three and six months ended July 1, 2023, respectively.

Segment Reporting

Segment Reporting	6 Months Ended
Segment Reporting	Jun. 29, 2024
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), graphics processing units (GPUs), accelerated processing units (APUs), data processing units (DPUs), Field Programmable Gate Arrays (FPGAs), Smart Network Interface Cards (SmartNICs), Artificial Intelligence (AI) accelerators and Adaptive System-on-Chip (SoC) products for data centers; • the Client segment, which primarily includes CPUs, APUs, and chipsets for desktop, notebook and handheld personal computers; • the Gaming segment, which primarily includes discrete GPUs, and semi-custom SoC products and development services; and • the Embedded segment, which primarily includes embedded CPUs, GPUs, APUs, FPGAs, System on Modules (SOMs), 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, inventory loss at contract manufacturer, acquisition-related and other costs, and licensing gain. Acquisition-related and other costs primarily include transaction costs, purchase price adjustments for inventory, certain compensation charges, contract termination and workforce rebalancing charges. The following table provides a summary of net revenue and operating income (loss) by segment: Three Months Ended Six Months Ended June 29, July 1, June 29, July 1, (In millions) Net revenue: Data Center $ 2,834 $ 1,321 $ 5,171 $ 2,616 Client 1,492 998 2,860 1,737 Gaming 648 1,581 1,570 3,338 Embedded 861 1,459 1,707 3,021 Total net revenue $ 5,835 $ 5,359 $ 11,308 $ 10,712 Operating income (loss): Data Center $ 743 $ 147 $ 1,284 $ 295 Client 89 (69) 175 (241) Gaming 77 225 228 539 Embedded 345 757 687 1,555 All Other (1) (985) (1,080) (2,069) (2,313) Total operating income (loss) $ 269 $ (20) $ 305 $ (165) (1) For the three and six months ended June 29, 2024, all other operating losses primarily included $603 million and $1.2 billion of amortization of acquisition-related intangibles, and $346 million and $717 million of stock-based compensation expense, respectively. 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, and $348 million and $657 million of stock-based compensation expense, respectively.

Intangible Assets, Goodwill and

Intangible Assets, Goodwill and Other	6 Months Ended
Intangible Assets, Goodwill and Other	Jun. 29, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets Disclosure	Acquisition-related Intangibles, net Acquisition-related intangibles, net were as follows: June 29, 2024 December 30, 2023 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount (In millions) (In millions) Developed technology $ 13,390 $ (2,045) $ 11,345 $ 13,390 $ (1,583) $ 11,807 Customer relationships 12,324 (4,479) 7,845 12,324 (3,755) 8,569 Customer backlog 809 (809) — 809 (809) — Corporate trade name 65 (65) — 65 (65) — Product trademarks 914 (186) 728 914 (147) 767 Identified intangible assets subject to amortization 27,502 (7,584) 19,918 27,502 (6,359) 21,143 In-process research and development (IPR&D) not subject to amortization 220 — 220 220 — 220 Total acquisition-related intangible assets $ 27,722 $ (7,584) $ 20,138 $ 27,722 $ (6,359) $ 21,363 Developed technology and customer relationships were acquired primarily from the Xilinx acquisition on February 14, 2022. Acquisition-related intangible amortization expense was $603 million and $1.2 billion for the three and six months ended June 29, 2024, and $693 million and $1.5 billion for the three and six months ended July 1, 2023, respectively. Based on the carrying value of acquisition-related intangibles recorded as of June 29, 2024, 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 2024 $ 1,146 2025 2,145 2026 2,034 2027 1,922 2028 1,846 2029 and thereafter 10,825 Total $ 19,918

Related Parties - Equity Joint

Related Parties - Equity Joint Ventures	6 Months Ended
Related Parties - Equity Joint Ventures	Jun. 29, 2024
Equity Method Investments and Joint Ventures [Abstract]
Related Parties - 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 June 29, 2024 were $389 million and $839 million, respectively. The Company’s purchases from the ATMP JV during the three and six months ended July 1, 2023 were $412 million and $779 million, respectively. As of June 29, 2024 and December 30, 2023, the amounts payable to the ATMP JV were $420 million and $363 million, respectively, and are reflected as 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 June 29, 2024 were $30 million and $70 million, respectively. The Company’s resales to the ATMP JV during the three and six months ended July 1, 2023 were $1 million and $3 million, respectively. As of June 29, 2024 and December 30, 2023, the Company’s receivables from the ATMP JV were $24 million and $9 million, respectively, and are reflected as Receivables from related parties on the Company’s condensed consolidated balance sheets. During the three and six months ended June 29, 2024, the Company recorded a gain of $7 million and $14 million, in Equity income in investee on its condensed consolidated statements of operations, respectively. During the three and six months ended July 1, 2023, the Company recorded a gain of $6 million and $7 million, in Equity income in investee on its condensed consolidated statements of operations, respectively. As of June 29, 2024 and December 30, 2023, the carrying value of the Company’s investment in the ATMP JV was $113 million and $99 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 June 29, 2024 and December 30, 2023, the carrying value of the investment was zero. The Company licenses certain of its intellectual property (Licensed IP) to the THATIC JV and receives royalties based on sales of the THATIC JV’s products, which is recorded within operating income as licensing gain. During the three and six months ended June 29, 2024, the Company recognized $10 million and

Debt and Revolving Facility

Debt and Revolving Facility	6 Months Ended
Debt and Revolving Facility	Jun. 29, 2024
Debt Disclosure [Abstract]
Debt and Revolving Facility	Debt, Revolving Credit Facility and Commercial Paper Program Debt The Company’s total debt as of June 29, 2024 and December 30, 2023 consisted of the following: June 29, December 30, (In millions) 2.95% Senior Notes Due 2024 (2.95% Notes) $ — $ 750 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) 1,750 2,500 Unamortized debt discount and issuance costs (31) (32) Total debt (net) 1,719 2,468 Less: current portion of long-term debt and related unamortized debt premium and issuance costs — (751) Total long-term debt $ 1,719 $ 1,717 2.95% Senior Notes Due 2024 The 2.95% Notes with a principal amount of $750 million were repaid in June 2024. 2.375% Senior Notes Due 2030, 3.924% Senior Notes Due 2032 and 4.393% Senior Notes Due 2052 The 2.375% Notes, 3.924% Notes and 4.393% Notes are general unsecured senior obligations of the Company with semi-annual fixed interest payments due on June 1 and December 1. As of June 29, 2024, the Company was in compliance with the covenants associated with its debt. Revolving Credit Facility The Company has $3.0 billion available under a revolving credit facility that expires on April 29, 2027. During the three and six months ended June 29, 2024, the Company did not borrow under the revolving credit facility and as of June 29, 2024 and December 30, 2023, the Company had no outstanding borrowings under the revolving credit facility. As of June 29, 2024, the Company was in compliance with the covenants under the revolving credit facility. Commercial Paper Program The Company has a commercial paper program under which it can issue unsecured commercial paper notes up to $3.0 billion. During the three and six months ended June 29, 2024, the Company did not issue any commercial paper under the program and as of June 29, 2024 and December 30, 2023, the Company had no commercial paper outstanding.

Financial Instruments

Financial Instruments	6 Months Ended
Financial Instruments	Jun. 29, 2024
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 June 29, 2024 December 30, 2023 (In millions) Level 1 Level 2 Total Level 1 Level 2 Total Cash equivalents Money market funds $ 1,229 $ — $ 1,229 $ 969 $ — $ 969 Corporate debt securities — 995 995 — 753 753 U.S. government and agency securities 724 — 724 1,252 — 1,252 Non-U.S. government and agency securities — 149 149 — 135 135 Time deposits and certificates of deposits — 151 151 — 205 205 Short-term investments Corporate debt securities — 302 302 — 506 506 Time deposits and certificates of deposits — 10 10 — 9 9 Asset-backed and mortgage-backed securities — 31 31 — 34 34 U.S. government and agency securities 818 43 861 1,209 28 1,237 Non-U.S. government and agency securities — 23 23 — 54 54 Other non-current assets Deferred compensation plan investments 153 — 153 133 — 133 Total assets measured at fair value $ 2,924 $ 1,704 $ 4,628 $ 3,563 $ 1,724 $ 5,287 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: June 29, 2024 December 30, 2023 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 $ 33 $ — $ (2) $ 31 $ 35 $ — $ (2) $ 33 Corporate debt securities 1,298 — (1) 1,297 1,259 — — 1,259 Money market funds 1,229 — — 1,229 969 — — 969 Time deposits and certificates of deposits 161 — — 161 214 — — 214 U.S. government and agency securities 1,586 — (1) 1,585 2,487 3 — 2,490 Non-U.S. government and agency securities 172 — — 172 189 — — 189 $ 4,479 $ — $ (4) $ 4,475 $ 5,153 $ 3 $ (2) $ 5,154 As of June 29, 2024 and December 30, 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: June 29, 2024 December 30, 2023 Amortized Cost Fair Value Amortized Cost Fair Value (In millions) (In millions) Due within 1 year $ 2,762 $ 2,762 $ 3,792 $ 3,792 Due in 1 year through 5 years 459 457 361 364 Due in 5 years and later 29 27 32 30 $ 3,250 $ 3,246 $ 4,185 $ 4,186 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: June 29, 2024 December 30, 2023 Carrying Estimated Carrying Estimated (In millions) (In millions) Current portion of long-term debt, net $ — $ — $ 751 $ 741 Long-term debt, net of current portion $ 1,719 $ 1,537 $ 1,717 $ 1,630 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 June 29, 2024 and December 30, 2023, the Company had non-marketable securities in privately-held companies of $245 million and $155 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 June 29, 2024 and July 1, 2023. 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 June 29, 2024 and December 30, 2023, the notional value of the Company’s outstanding foreign currency forward contracts designated as cash flow hedges was $2.1 billion and $2.4 billion, respectively. The fair value of these contracts, recorded as a liability, was $14 million as of June 29, 2024 and as an asset was $6 million as of December 30, 2023. 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 June 29, 2024 and December 30, 2023, the notional value of these outstanding contracts was $460 million and $568 million, respectively. The fair value of these contracts was not material as of June 29, 2024 and December 30, 2023.

Earnings Per Share

Earnings Per Share	6 Months Ended
Earnings Per Share	Jun. 29, 2024
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 June 29, July 1, June 29, July 1, (In millions, except per share amounts) Numerator Net income (loss) for basic earnings per share $ 265 $ 27 $ 388 $ (112) Denominator Basic weighted average shares 1,618 1,612 1,617 1,612 Potentially dilutive shares from employee equity plans 19 15 21 — Diluted weighted average shares 1,637 1,627 1,638 1,612 Earnings (loss) per share: Basic $ 0.16 $ 0.02 $ 0.24 $ (0.07) Diluted $ 0.16 $ 0.02 $ 0.24 $ (0.07)

Common Stock and Employee Equit

Common Stock and Employee Equity Plans	6 Months Ended
Common Stock and Employee Equity Plans	Jun. 29, 2024
Equity [Abstract]
Common Stock and Employee Equity Plans	Common Stock and Stock-based Compensation Common Stock Shares of common stock outstanding were as follows: Three Months Ended Six Months Ended June 29, July 1, June 29, July 1, (In millions) Balance, beginning of period 1,618 1,609 1,616 1,612 Common stock issued under employee equity plans 2 4 5 5 Common stock repurchases for tax withholding on equity awards — — (1) (1) Issuance of common stock upon warrant exercise — 1 — 1 Repurchases of common stock (2) — (2) (3) Balance, end of period 1,618 1,614 1,618 1,614 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 three and six months ended June 29, 2024, the Company returned $352 million and $356 million, respectively, to shareholders through the repurchase of its common stock under the Repurchase Program. As of June 29, 2024, $5.2 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 June 29, July 1, June 29, July 1, (In millions) Cost of sales $ 5 $ 10 $ 11 $ 18 Research and development 262 247 541 461 Marketing, general and administrative 79 91 165 178 Total $ 346 $ 348 $ 717 $ 657

Income Taxes

Income Taxes	6 Months Ended
Income Taxes	Jun. 29, 2024
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. For the three and six months ended June 29, 2024, the Company recorded an income tax provision of $41 million and an income tax benefit of $11 million representing an effective tax rate of 13.4% and (2.9)%, respectively. The difference between the U.S. federal statutory tax rate of 21% and the Company's estimated annual effective tax rate was primarily due to the income tax benefit from foreign-derived intangible income (FDII) and research and development (R&D) tax credits. The tax provision for the three months ended June 29, 2024 reflected a discrete tax expense of $21 million, primarily related to interest and penalties accrued for uncertain tax positions partially offset by the tax effects of stock-based compensation. The tax benefit for the six months ended June 29, 2024 reflected a discrete tax benefit of $40 million, primarily related to stock-based compensation. For the three months and six months ended July 1, 2023, the Company recorded an income tax benefit of $23 million and $10 million representing an effective tax rate of (511.4)% and 8.0%, respectively. The difference between the U.S. federal statutory tax rate of 21% and the Company's estimated annual effective tax rate was primarily due to the income tax benefit from FDII and R&D tax credits. The tax benefit for the three months ended July 1, 2023 reflected a discrete tax benefit of $34 million that had a disproportionate impact on the effective tax rate because the pre-tax income was close to breakeven for the period. The tax benefit for the six months ended July 1, 2023, reflected a discrete tax benefit of $12 million which was not material to the total tax expense or the effective tax rate.

Contingencies

Contingencies	6 Months Ended
Contingencies	Jun. 29, 2024
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 June 29, 2024 were as follows: Fiscal Year (In millions) Remainder of 2024 $ 3,056 2025 371 2026 268 2027 44 2028 44 2029 and thereafter 95 Total unconditional purchase commitments $ 3,878 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 June 29, 2024, 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.

Subsequent Events

Subsequent Events	3 Months Ended
Subsequent Events	Jun. 29, 2024
Subsequent Events [Abstract]
Subsequent Event	Subsequent EventOn July 9, 2024, the Company entered into a definitive agreement to acquire Silo AI Oy, an AI lab based in Helsinki, Finland, in an all-cash transaction valued at approximately $665 million. The transaction is subject to customary closing conditions and is expected to close in the second half of fiscal year 2024.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Millions	Jun. 29, 2024	Jul. 01, 2023	Jun. 29, 2024	Jul. 01, 2023
Pay vs Performance Disclosure
Net income (loss)	$ 265	$ 27	$ 388	$ (112)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Jun. 29, 2024
Trading Arrangements, by Individual
Material Terms of Trading Arrangement

Basis of Presentation and Sig_2

Basis of Presentation and Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 29, 2024
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 June 29, 2024 shown in this report are not necessarily indicative of results to be expected for the full year ending December 28, 2024 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 30, 2023. 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 June 29, 2024 and July 1, 2023 each consisted of 13 weeks 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, long-lived and intangible 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 30, 2023.
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 June 29, 2024 and July 1, 2023 each consisted of 13 weeks 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, long-lived and intangible assets, and income taxes.

Supplemental Balance Sheet In_2

Supplemental Balance Sheet Information (Tables)	6 Months Ended
Supplemental Balance Sheet Information (Tables)	Jun. 29, 2024
Balance Sheet Related Disclosures [Abstract]
Inventories	Inventories June 29, December 30, (In millions) Raw materials $ 338 $ 279 Work in process 3,727 3,260 Finished goods 926 812 Total inventories $ 4,991 $ 4,351
Property and Equipment, Net	Property and Equipment, net June 29, December 30, (In millions) Land, building and leasehold improvements $ 834 $ 821 Equipment 2,603 2,346 Construction in progress 217 209 Property and equipment, gross 3,654 3,376 Accumulated depreciation (1,988) (1,787) Total property and equipment, net $ 1,666 $ 1,589
Accrued Liabilities	Accrued Liabilities June 29, December 30, (In millions) Customer-related liabilities $ 1,402 $ 788 Accrued marketing programs 828 827 Accrued compensation and benefits 755 884 Other accrued liabilities 644 583 Total accrued liabilities $ 3,629 $ 3,082

Segment Reporting (Tables)

Segment Reporting (Tables)	6 Months Ended
Segment Reporting (Tables)	Jun. 29, 2024
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 (loss) by segment: Three Months Ended Six Months Ended June 29, July 1, June 29, July 1, (In millions) Net revenue: Data Center $ 2,834 $ 1,321 $ 5,171 $ 2,616 Client 1,492 998 2,860 1,737 Gaming 648 1,581 1,570 3,338 Embedded 861 1,459 1,707 3,021 Total net revenue $ 5,835 $ 5,359 $ 11,308 $ 10,712 Operating income (loss): Data Center $ 743 $ 147 $ 1,284 $ 295 Client 89 (69) 175 (241) Gaming 77 225 228 539 Embedded 345 757 687 1,555 All Other (1) (985) (1,080) (2,069) (2,313) Total operating income (loss) $ 269 $ (20) $ 305 $ (165) (1) For the three and six months ended June 29, 2024, all other operating losses primarily included $603 million and $1.2 billion of amortization of acquisition-related intangibles, and $346 million and $717 million of stock-based compensation expense, respectively. 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, and $348 million and $657 million of stock-based compensation expense, respectively.

Intangible Assets, Goodwill a_2

Intangible Assets, Goodwill and Other (Tables)	6 Months Ended
Intangible Assets, Goodwill and Other (Tables)	Jun. 29, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Acquired Indefinite-lived Intangible Assets by Major Class	June 29, 2024 December 30, 2023 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount (In millions) (In millions) Developed technology $ 13,390 $ (2,045) $ 11,345 $ 13,390 $ (1,583) $ 11,807 Customer relationships 12,324 (4,479) 7,845 12,324 (3,755) 8,569 Customer backlog 809 (809) — 809 (809) — Corporate trade name 65 (65) — 65 (65) — Product trademarks 914 (186) 728 914 (147) 767 Identified intangible assets subject to amortization 27,502 (7,584) 19,918 27,502 (6,359) 21,143 In-process research and development (IPR&D) not subject to amortization 220 — 220 220 — 220 Total acquisition-related intangible assets $ 27,722 $ (7,584) $ 20,138 $ 27,722 $ (6,359) $ 21,363
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	Based on the carrying value of acquisition-related intangibles recorded as of June 29, 2024, 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 2024 $ 1,146 2025 2,145 2026 2,034 2027 1,922 2028 1,846 2029 and thereafter 10,825 Total $ 19,918

Debt and Revolving Facility (Ta

Debt and Revolving Facility (Tables)	6 Months Ended
Debt and Revolving Facility (Tables)	Jun. 29, 2024
Debt Disclosure [Abstract]
Schedule of Debt	The Company’s total debt as of June 29, 2024 and December 30, 2023 consisted of the following: June 29, December 30, (In millions) 2.95% Senior Notes Due 2024 (2.95% Notes) $ — $ 750 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) 1,750 2,500 Unamortized debt discount and issuance costs (31) (32) Total debt (net) 1,719 2,468 Less: current portion of long-term debt and related unamortized debt premium and issuance costs — (751) Total long-term debt $ 1,719 $ 1,717

Financial Instruments (Tables)

Financial Instruments (Tables)	6 Months Ended
Financial Instruments (Tables)	Jun. 29, 2024
Investments, Debt and Equity Securities [Abstract]
Fair Value, Assets Measured on Recurring Basis	Financial Instruments Recorded at Fair Value on a Recurring Basis June 29, 2024 December 30, 2023 (In millions) Level 1 Level 2 Total Level 1 Level 2 Total Cash equivalents Money market funds $ 1,229 $ — $ 1,229 $ 969 $ — $ 969 Corporate debt securities — 995 995 — 753 753 U.S. government and agency securities 724 — 724 1,252 — 1,252 Non-U.S. government and agency securities — 149 149 — 135 135 Time deposits and certificates of deposits — 151 151 — 205 205 Short-term investments Corporate debt securities — 302 302 — 506 506 Time deposits and certificates of deposits — 10 10 — 9 9 Asset-backed and mortgage-backed securities — 31 31 — 34 34 U.S. government and agency securities 818 43 861 1,209 28 1,237 Non-U.S. government and agency securities — 23 23 — 54 54 Other non-current assets Deferred compensation plan investments 153 — 153 133 — 133 Total assets measured at fair value $ 2,924 $ 1,704 $ 4,628 $ 3,563 $ 1,724 $ 5,287
Summary of Investment Holdings, Schedule of Investments	The following is a summary of cash equivalents and short-term investments: June 29, 2024 December 30, 2023 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 $ 33 $ — $ (2) $ 31 $ 35 $ — $ (2) $ 33 Corporate debt securities 1,298 — (1) 1,297 1,259 — — 1,259 Money market funds 1,229 — — 1,229 969 — — 969 Time deposits and certificates of deposits 161 — — 161 214 — — 214 U.S. government and agency securities 1,586 — (1) 1,585 2,487 3 — 2,490 Non-U.S. government and agency securities 172 — — 172 189 — — 189 $ 4,479 $ — $ (4) $ 4,475 $ 5,153 $ 3 $ (2) $ 5,154
Investments Classified by Contractual Maturity Date	The contractual maturities of cash equivalents and investments classified as available-for-sale are as follows: June 29, 2024 December 30, 2023 Amortized Cost Fair Value Amortized Cost Fair Value (In millions) (In millions) Due within 1 year $ 2,762 $ 2,762 $ 3,792 $ 3,792 Due in 1 year through 5 years 459 457 361 364 Due in 5 years and later 29 27 32 30 $ 3,250 $ 3,246 $ 4,185 $ 4,186
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: June 29, 2024 December 30, 2023 Carrying Estimated Carrying Estimated (In millions) (In millions) Current portion of long-term debt, net $ — $ — $ 751 $ 741 Long-term debt, net of current portion $ 1,719 $ 1,537 $ 1,717 $ 1,630

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
Earnings Per Share (Tables)	Jun. 29, 2024
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 June 29, July 1, June 29, July 1, (In millions, except per share amounts) Numerator Net income (loss) for basic earnings per share $ 265 $ 27 $ 388 $ (112) Denominator Basic weighted average shares 1,618 1,612 1,617 1,612 Potentially dilutive shares from employee equity plans 19 15 21 — Diluted weighted average shares 1,637 1,627 1,638 1,612 Earnings (loss) per share: Basic $ 0.16 $ 0.02 $ 0.24 $ (0.07) Diluted $ 0.16 $ 0.02 $ 0.24 $ (0.07)

Common Stock and Employee Equ_2

Common Stock and Employee Equity Plans (Tables) - USD ($) $ in Millions	6 Months Ended
	Jun. 29, 2024	Jul. 01, 2023
Equity [Abstract]
Schedule of Common Shares Outstanding	Common Stock Shares of common stock outstanding were as follows: Three Months Ended Six Months Ended June 29, July 1, June 29, July 1, (In millions) Balance, beginning of period 1,618 1,609 1,616 1,612 Common stock issued under employee equity plans 2 4 5 5 Common stock repurchases for tax withholding on equity awards — — (1) (1) Issuance of common stock upon warrant exercise — 1 — 1 Repurchases of common stock (2) — (2) (3) Balance, end of period 1,618 1,614 1,618 1,614
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 June 29, July 1, June 29, July 1, (In millions) Cost of sales $ 5 $ 10 $ 11 $ 18 Research and development 262 247 541 461 Marketing, general and administrative 79 91 165 178 Total $ 346 $ 348 $ 717 $ 657
Payments for Repurchase of Common Stock	$ 356	$ 241

Commitment and Contingencies (T

Commitment and Contingencies (Tables)	6 Months Ended
Commitment and Contingencies (Tables)	Jun. 29, 2024
Commitments and Contingencies Disclosure [Abstract]
Recorded Unconditional Purchase Obligations	Total future unconditional purchase commitments as of June 29, 2024 were as follows: Fiscal Year (In millions) Remainder of 2024 $ 3,056 2025 371 2026 268 2027 44 2028 44 2029 and thereafter 95 Total unconditional purchase commitments $ 3,878

Supplemental Balance Sheet In_3

Supplemental Balance Sheet Information (Details) - USD ($) $ in Millions	Jun. 29, 2024	Dec. 30, 2023
Accounts Receivable, Net
Unbilled contracts receivable	$ 1,700	$ 1,100
Inventories
Raw materials	338	279
Work in process	3,727	3,260
Finished goods	926	812
Inventories, Total	4,991	4,351
Property and Equipment, Net
Land, building and leasehold improvements	834	821
Equipment	2,603	2,346
Construction in progress	217	209
Property and equipment, gross	3,654	3,376
Accumulated depreciation	(1,988)	(1,787)
Total property and equipment, net	1,666	1,589
Accrued Liabilities
Accrued compensation and benefits	755	884
Customer-related liabilities	1,402	788
Accrued marketing programs	828	827
Other accrued liabilities	644	583
Total accrued liabilities	3,629	3,082
Prepaid Expenses and Other Current Assets [Line Items]
Prepaid expenses and other current assets	1,361	1,259
Other current liabilities	$ 447	$ 438

Supplemental Balance Sheet In_4

Supplemental Balance Sheet Information - Revenue (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 29, 2024	Jul. 01, 2023	Jun. 29, 2024	Jul. 01, 2023
Balance Sheet Related Disclosures [Abstract]
Revenue allocated to remaining performance obligations that are unsatisfied or partially unsatisfied	$ 76		$ 76
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue allocated to remaining performance obligations that are unsatisfied or partially unsatisfied	76		76
us-gaap_RevenueRemainingPerformanceObligation12months	$ 42		$ 42
Transferred over Time
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Percentage of Revenue to Total Revenue	8%	27%	12%	28%
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

Segment Reporting (Details)

Segment Reporting (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Segment Reporting (Details) - USD ($) $ in Millions	Jun. 29, 2024	Jul. 01, 2023	Jun. 29, 2024	Jul. 01, 2023
Segment Reporting Information [Line Items]
Total net revenue	$ 5,835	$ 5,359	$ 11,308	$ 10,712
Total operating income (loss)	269	(20)	305	(165)
Share-based compensation expense	346	348	717	657
All Other
Segment Reporting Information [Line Items]
Total operating income (loss)	(985)	(1,080)	(2,069)	(2,313)
Segment Reporting, Reconciling Item, Corporate Nonsegment
Segment Reporting Information [Line Items]
Amortization of Intangible Assets	603	693	1,200	1,500
Data Center
Segment Reporting Information [Line Items]
Total net revenue	648	1,581	1,570	3,338
Data Center \| Operating Segments
Segment Reporting Information [Line Items]
Total operating income (loss)	77	225	228	539
Client
Segment Reporting Information [Line Items]
Total net revenue	2,834	1,321	5,171	2,616
Client \| Operating Segments
Segment Reporting Information [Line Items]
Total operating income (loss)	743	147	1,284	295
Gaming
Segment Reporting Information [Line Items]
Total net revenue	1,492	998	2,860	1,737
Gaming \| Operating Segments
Segment Reporting Information [Line Items]
Total operating income (loss)	89	(69)	175	(241)
Embedded
Segment Reporting Information [Line Items]
Total net revenue	861	1,459	1,707	3,021
Embedded \| Operating Segments
Segment Reporting Information [Line Items]
Total operating income (loss)	$ 345	$ 757	$ 687	$ 1,555

Intangible Assets, Goodwill a_3

Intangible Assets, Goodwill and Other (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 29, 2024	Jul. 01, 2023	Jun. 29, 2024	Jul. 01, 2023	Dec. 30, 2023	Feb. 14, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Acquisition-related intangibles, net	$ 20,138		$ 20,138		$ 21,363
Intangible Assets, Gross (Excluding Goodwill)					27,722	$ 27,722
Finite-Lived Intangible Assets, Gross	27,502		27,502		27,502
Finite-Lived Intangible Assets, Accumulated Amortization	7,584		7,584		6,359
Finite-Lived Intangible Assets, Net	19,918		19,918		21,143
Finite-Lived Intangible Asset, Expected Amortization, Remainder of Fiscal Year	1,146		1,146
Finite-Lived Intangible Asset, Expected Amortization, Year One	2,145		2,145
Finite-Lived Intangible Asset, Expected Amortization, Year Two	2,034		2,034
Finite-Lived Intangible Asset, Expected Amortization, Year Three	1,922		1,922
Finite-Lived Intangible Asset, Expected Amortization, Year Four	1,846		1,846
Finite-Lived Intangible Asset, Expected Amortization, after Year Five	10,825		10,825
Finite-Lived Intangible Asset, Expected Amortization, Year Five	10,825		10,825
Goodwill	24,262		24,262		24,262
Goodwill [Line Items]
Goodwill	24,262		24,262		24,262
Equity income in investee	7	$ 6	14	$ 7
Finite-Lived Intangible Assets, Accumulated Amortization	7,584		7,584		6,359
Finite-Lived Intangible Assets, Net	19,918		19,918		21,143
Finite-Lived Intangible Assets, Gross	27,502		27,502		27,502
Intangible Assets, Gross (Excluding Goodwill)					27,722	$ 27,722
Acquisition-related intangibles, net	20,138		20,138		21,363
Segment Reporting, Reconciling Item, Corporate Nonsegment
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of Intangible Assets	603	693	1,200	1,500
Goodwill [Line Items]
Amortization of Intangible Assets	603	693	1,200	1,500
Other Intangible Assets
Goodwill and Intangible Assets Disclosure [Abstract]
Indefinite-lived Intangible Assets (Excluding Goodwill)	220		220		220
Goodwill [Line Items]
Indefinite-lived Intangible Assets (Excluding Goodwill)	220		220		220
Developed technology
Goodwill and Intangible Assets Disclosure [Abstract]
Finite-Lived Intangible Assets, Gross	13,390		13,390		13,390
Finite-Lived Intangible Assets, Accumulated Amortization	2,045		2,045		1,583
Finite-Lived Intangible Assets, Net	11,345		11,345		11,807
Goodwill [Line Items]
Finite-Lived Intangible Assets, Accumulated Amortization	2,045		2,045		1,583
Finite-Lived Intangible Assets, Net	11,345		11,345		11,807
Finite-Lived Intangible Assets, Gross	13,390		13,390		13,390
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	4,479		4,479		3,755
Finite-Lived Intangible Assets, Net	7,845		7,845		8,569
Goodwill [Line Items]
Finite-Lived Intangible Assets, Accumulated Amortization	4,479		4,479		3,755
Finite-Lived Intangible Assets, Net	7,845		7,845		8,569
Finite-Lived Intangible Assets, Gross	12,324		12,324		12,324
Customer backlog
Goodwill and Intangible Assets Disclosure [Abstract]
Finite-Lived Intangible Assets, Gross	809		809		809
Finite-Lived Intangible Assets, Accumulated Amortization	809		809		809
Finite-Lived Intangible Assets, Net	0		0		0
Goodwill [Line Items]
Finite-Lived Intangible Assets, Accumulated Amortization	809		809		809
Finite-Lived Intangible Assets, Net	0		0		0
Finite-Lived Intangible Assets, Gross	809		809		809
Corporate trade name
Goodwill and Intangible Assets Disclosure [Abstract]
Finite-Lived Intangible Assets, Gross	65		65		65
Finite-Lived Intangible Assets, Accumulated Amortization	65		65		65
Finite-Lived Intangible Assets, Net	0		0		0
Goodwill [Line Items]
Finite-Lived Intangible Assets, Accumulated Amortization	65		65		65
Finite-Lived Intangible Assets, Net	0		0		0
Finite-Lived Intangible Assets, Gross	65		65		65
Product trademarks
Goodwill and Intangible Assets Disclosure [Abstract]
Finite-Lived Intangible Assets, Gross	914		914		914
Finite-Lived Intangible Assets, Accumulated Amortization	186		186		147
Finite-Lived Intangible Assets, Net	728		728		767
Goodwill [Line Items]
Finite-Lived Intangible Assets, Accumulated Amortization	186		186		147
Finite-Lived Intangible Assets, Net	728		728		767
Finite-Lived Intangible Assets, Gross	914		914		$ 914
ATMP JV \| Joint Venture
Goodwill [Line Items]
Equity income in investee	$ 7	$ 6	$ 14	$ 7

Related Parties - Equity Join_2

Related Parties - Equity Joint Ventures (Details) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 29, 2024 USD ($) joint_venture	Jul. 01, 2023 USD ($)	Jun. 29, 2024 USD ($) joint_venture	Jul. 01, 2023 USD ($)	Dec. 30, 2023 USD ($)
Summary of Investment Holdings [Line Items]
Equity income in investee	$ 7	$ 6	$ 14	$ 7
Carrying value of investment	113		113		$ 99
Other current liabilities	447		447		438
Receivables from related parties	$ 24		$ 24		9
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	$ 389	412	$ 839	779
Resale to ATMP JV	30	1	70	3
Equity income in investee	7	6	14	7
Carrying value of investment	113		113		99
Estimated license fees expected to be earned over several years pursuant to a licensing agreement	10	$ 8	23	$ 18
Other current liabilities	420		420		363
Receivables from related parties	$ 24		$ 24		$ 9

Debt and Revolving Facility - S

Debt and Revolving Facility - Schedule of Debt (Details) - USD ($) $ in Millions	Jun. 29, 2024	Dec. 30, 2023
Debt Instrument [Line Items]
Unamortized debt discount and issuance costs	$ (31)	$ (32)
Total debt (net)	1,719	2,468
Long-Term Debt, Current Maturities	0	751
Long-term debt, net of current portion	1,719	1,717
2.95% Senior Notes due 2024 \| Senior Notes
Debt Instrument [Line Items]
Total debt (principal amount)	0	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)	$ 1,750	2,500
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	Jun. 29, 2024	Dec. 30, 2023	Nov. 03, 2022	Apr. 29, 2022
2.95% Senior Notes due 2024 \| Senior Notes
Debt Instrument [Line Items]
Total debt (principal amount)	$ 0	$ 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
Secured Revolving Credit Facility \| Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity				$ 3,000
Corporate debt securities
Debt Instrument [Line Items]
Maximum borrowing capacity			$ 3,000

Financial Instruments - Narrati

Financial Instruments - Narrative (Details) - USD ($) $ in Millions	Jun. 29, 2024	Dec. 30, 2023
Other Fair Value Disclosure [Line Items]
Short-term investments	$ 1,227	$ 1,840
Equity Securities without Readily Determinable Fair Value, Amount	245	155
Debt Securities, Available-for-sale, Amortized Cost	4,479	5,153
Short-term Investments
Other Fair Value Disclosure [Line Items]
Debt Securities, Available-for-sale, Amortized Cost	3,250	4,185
Foreign Exchange Contract \| Cash Flow Hedging
Other Fair Value Disclosure [Line Items]
Derivative Instruments in Hedges, Liabilities, at Fair Value	$ 14	$ 6

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	Jun. 29, 2024	Dec. 30, 2023
Other Fair Value Disclosure [Line Items]
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling within One Year, Amortized Cost	$ 2,762	$ 3,792
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling within One Year, Fair Value	2,762	3,792
Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year One Through Five	459	361
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year One Through Five	457	364
Debt Securities, Available-for-sale, Amortized Cost	4,479	5,153
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax	0	3
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax	(4)	(2)
Debt Securities, Available-for-sale	4,475	5,154
Equity Securities without Readily Determinable Fair Value, Amount	245	155
Foreign Exchange Contract \| Cash Flow Hedging
Other Fair Value Disclosure [Line Items]
Derivative Instruments in Hedges, Liabilities, at Fair Value	14	6
Derivative Instruments in Hedges, Liabilities, at Fair Value	14	6
Short-term Investments
Other Fair Value Disclosure [Line Items]
Debt Securities, Available-for-sale, Amortized Cost	3,250	4,185
Debt Securities, Available-for-Sale and Held-to-Maturity, Fair Value	3,246	4,186
Available for Sale Securities Maturing in Five Years and Later
Other Fair Value Disclosure [Line Items]
Debt Securities, Available-for-sale, Amortized Cost	29	32
Debt Securities, Available-for-sale	27	30
Carrying Amount
Summary of Investment Holdings [Line Items]
Current portion of long-term debt, net	0	751
Notes Payable, Fair Value Disclosure	1,719	1,717
Estimated Fair Value \| Level 2
Summary of Investment Holdings [Line Items]
Current portion of long-term debt, net	0	741
Notes Payable, Fair Value Disclosure	1,537	1,630
Money market funds
Other Fair Value Disclosure [Line Items]
Debt Securities, Available-for-sale, Amortized Cost	1,229	969
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	1,229	969
Corporate debt securities
Other Fair Value Disclosure [Line Items]
Debt Securities, Available-for-sale, Amortized Cost	1,298	1,259
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax	0	0
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax	(1)	0
Debt Securities, Available-for-sale	1,297	1,259
U.S. government and agency securities
Other Fair Value Disclosure [Line Items]
Debt Securities, Available-for-sale, Amortized Cost	1,586	2,487
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax	0	3
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax	(1)	0
Debt Securities, Available-for-sale	1,585	2,490
Time deposits and certificates of deposits
Other Fair Value Disclosure [Line Items]
Debt Securities, Available-for-sale, Amortized Cost	161	214
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	161	214
Asset-backed Securities
Other Fair Value Disclosure [Line Items]
Debt Securities, Available-for-sale, Amortized Cost	33	35
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax	0	0
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax	(2)	(2)
Debt Securities, Available-for-sale	31	33
Foreign Government Debt
Other Fair Value Disclosure [Line Items]
Debt Securities, Available-for-sale, Amortized Cost	172	189
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	$ 172	$ 189

Financial Instruments - Cash, C

Financial Instruments - Cash, Cash Equivalents, and Marketable Securities Fair Value Measurements (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 29, 2024	Dec. 30, 2023
Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	$ 4,628	$ 5,287
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	2,924	3,563
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	1,704	1,724
Cash and Cash Equivalents \| Fair Value, Recurring \| Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	1,229	969
Cash and Cash Equivalents \| Fair Value, Recurring \| Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	995	753
Cash and Cash Equivalents \| Fair Value, Recurring \| U.S. government and agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	724	1,252
Cash and Cash Equivalents \| Fair Value, Recurring \| Time deposits and certificates of deposits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	151	205
Cash and Cash Equivalents \| Fair Value, Recurring \| Foreign Government Short-term Debt Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	149	135
Cash and Cash Equivalents \| Level 1 \| Fair Value, Recurring \| Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	1,229	969
Cash and Cash Equivalents \| Level 1 \| Fair Value, Recurring \| Corporate debt securities
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 \| U.S. government and agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	724	1,252
Cash and Cash Equivalents \| Level 1 \| Fair Value, Recurring \| Time deposits and certificates of deposits
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 \| Foreign Government Short-term Debt Securities
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 \| 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 \| Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	995	753
Cash and Cash Equivalents \| Fair Value, Inputs, Level 2 [Member] \| Fair Value, Recurring \| U.S. government and agency securities
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 \| Time deposits and certificates of deposits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	151	205
Cash and Cash Equivalents \| Fair Value, Inputs, Level 2 [Member] \| Fair Value, Recurring \| Foreign Government Short-term Debt Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	149	135
Short-term Investments \| Fair Value, Recurring \| Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	302	506
Short-term Investments \| Fair Value, Recurring \| U.S. government and agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	861	1,237
Short-term Investments \| Fair Value, Recurring \| Time deposits and certificates of deposits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	10	9
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	31	34
Short-term Investments \| Fair Value, Recurring \| Foreign Government Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	23	54
Short-term Investments \| Level 1 \| Fair Value, Recurring \| Corporate debt securities
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 \| U.S. government and agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	818	1,209
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 \| Level 1 \| Fair Value, Recurring \| Foreign Government Debt
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 \| Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	302	506
Short-term Investments \| Fair Value, Inputs, Level 2 [Member] \| Fair Value, Recurring \| U.S. government and agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	43	28
Short-term Investments \| Fair Value, Inputs, Level 2 [Member] \| Fair Value, Recurring \| Time deposits and certificates of deposits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	10	9
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	31	34
Short-term Investments \| Fair Value, Inputs, Level 2 [Member] \| Fair Value, Recurring \| Foreign Government Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	23	54
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	153	133
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	153	133
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	$ 2,100	2,400
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	$ 460	$ 568

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 29, 2024	Jul. 01, 2023	Jun. 29, 2024	Jul. 01, 2023
Numerator
Net income (loss) for basic earnings per share	$ 265	$ 27	$ 388	$ (112)
Denominator
Basic weighted-average shares (in shares)	1,618	1,612	1,617	1,612
Incremental Weighted Average Shares Attributable to Dilutive Effect [Abstract]
Employee equity plans and warrants (in shares)	19	15	21	0
Diluted weighted-average shares (in shares)	1,637	1,627	1,638	1,612
Diluted (in usd per share)	$ 0.16	$ 0.02	$ 0.24	$ (0.07)
Basic (in usd per share)	$ 0.16	$ 0.02	$ 0.24	$ (0.07)

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
	Jun. 29, 2024	Jul. 01, 2023	Jun. 29, 2024	Jul. 01, 2023
Increase (Decrease) in Stockholders' Equity
Balance, beginning of period (in shares)			1,663,000
Balance, end of period (in shares)	1,668,000		1,668,000
Stock Repurchase Program, Authorized Amount	$ 12,000		$ 12,000
Payments for Repurchase of Common Stock			356	$ 241
Repurchases of common stock	352		356
Stock Repurchase Program, Remaining Authorized Repurchase Amount	5,200		5,200
Stock Repurchase Program, Authorized Amount	$ 12,000		$ 12,000
Common stock, par value
Increase (Decrease) in Stockholders' Equity
Balance, beginning of period (in shares)	1,618,000	1,609,000	1,616,000	1,612,000
Common stock issued under employee equity plans (in shares)	2,000	4,000	5,000	5,000
Share-based Payment Arrangement, Shares Withheld for Tax Withholding Obligation	0	0	(1,000)	(1,000)
Issuance of common stock to settle convertible debt (in shares)	0	1,000	0	1,000
Balance, end of period (in shares)	1,618,000	1,614,000	1,618,000	1,614,000
Stock Repurchased During Period, Shares	(2,000)	0	(2,000)	(3,000)

Common Stock and Employee Equ_4

Common Stock and Employee Equity Plans - Schedule of Stock-based Compensation Expense (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 29, 2024	Jul. 01, 2023	Jun. 29, 2024	Jul. 01, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 346	$ 348	$ 717	$ 657
Cost of sales
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	5	10	11	18
Research and development
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	262	247	541	461
Marketing, general and administrative
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 79	$ 91	$ 165	$ 178

Common Stock and Employee Equ_5

Common Stock and Employee Equity Plans (Details) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 29, 2024 USD ($)	Jun. 29, 2024 USD ($)
Equity [Abstract]
Stock Repurchase Program, Remaining Authorized Repurchase Amount	$ 5,200	$ 5,200
Repurchases of common stock	$ 352	$ 356

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Income Taxes (Details) - USD ($) $ in Millions	Jun. 29, 2024	Jul. 01, 2023	Jun. 29, 2024	Jul. 01, 2023	Dec. 30, 2023
Income Tax Disclosure [Abstract]
Income tax provision (benefit)	$ 41	$ (23)	$ (11)	$ (10)
Effective tax rate	13.40%	(511.40%)	(2.90%)	8%
Deferred tax liabilities	$ 1,192		$ 1,192		$ 1,202
Accrued Income Taxes, Noncurrent	$ 1,500		$ 1,500		$ 1,400

Contingencies (Details)

Contingencies (Details) $ in Millions	Jun. 29, 2024 USD ($)
Unrecorded Unconditional Purchase Obligation [Line Items]
Unrecorded Unconditional Purchase Obligation, to be Paid, Remainder of Fiscal Year	$ 3,056
Unrecorded Unconditional Purchase Obligation, Including Lease Not yet Commenced, to be Paid, Year Two	371
Unrecorded Unconditional Purchase Obligation, Including Lease Not yet Commenced, to be Paid, Year Four	44
Unrecorded Unconditional Purchase Obligation, Including Lease Not yet Commenced, to be Paid, Year Five	44
Unrecorded Unconditional Purchase Obligation, Including Lease Not yet Commenced, to be Paid, after Year Five	95
Unrecorded Unconditional Purchase Obligation, Including Lease Not yet Commenced, Total	3,878
Recorded Unconditional Purchase Obligation, to be Paid, Year Three	$ 268