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Other Financial Statement Details | 12 Months Ended
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Dec. 31, 2022
Other Financial Statement Details [Abstract] |
Other Financial Statement Details [Text Block] |
Note 6 : | Other Financial Statement Details
Accounts Receivable In 2022, we began selling certain of our accounts receivable on a non-recourse basis to third-party financial institutions. We record these transactions as sales of receivables and present cash proceeds as cash provided by operating activities in the Consolidated Statements of Cash Flows. Accounts receivable sold under non-recourse factoring arrangements were $665 million during 2022 and $0 during 2021. After the sale of our accounts receivable, we will collect payment from the customer and remit it to the third-party financial institution. Inventories
(In Millions) |  | Dec 31, 2022 |  | Dec 25, 2021
Raw materials |  | $ | 1,517 |  |  | $ | 1,441 |
Work in process |  | 7,565 |  |  | 6,656 |
Finished goods |  | 4,142 |  |  | 2,679 |
Total inventories |  | $ | 13,224 |  |  | $ | 10,776 |
Property, Plant and Equipment
(In Millions) |  | Dec 31, 2022 |  | Dec 25, 2021
Land and buildings |  | $ | 44,808 |  |  | $ | 40,039 |
Machinery and equipment |  | 92,711 |  |  | 86,955 |
Construction in progress |  | 36,727 |  |  | 21,545 |
Total property, plant and equipment, gross |  | 174,246 |  |  | 148,539 |
Less: Accumulated depreciation |  | (93,386) |  |  | (85,294) |
Total property, plant and equipment, net |  | $ | 80,860 |  |  | $ | 63,245 |
Our depreciable property, plant and equipment assets are depreciated over the following estimated useful lives: machinery and equipment, 3 to 5 years; and buildings, 10 to 25 years. Net property, plant and equipment by country at the end of each period was as follows:
(In Millions) |  | Dec 31, 2022 |  | Dec 25, 2021 |  |
United States |  | $ | 53,681 |  |  | $ | 43,428 |  |  |
Ireland |  | 13,179 |  |  | 7,503 |  |  |
Israel |  | 7,908 |  |  | 7,754 |  |  |
Other countries |  | 6,092 |  |  | 4,560 |  |  |
Total property, plant and equipment, net |  | $ | 80,860 |  |  | $ | 63,245 |  |  |
Other Accrued Liabilities Other accrued liabilities include deferred compensation of $2.4 billion as of December 31, 2022 ($2.8 billion as of December 25, 2021) and collateral received for derivatives under credit support annex agreements of $0.7 billion as of December 31, 2022 ($1.0 billion as of December 25, 2021). AdvertisingAdvertising costs, including direct marketing, are expensed as incurred and recorded within MG&A expenses. Advertising costs were $1.2 billion in 2022 ($1.1 billion in 2021 and $763 million in 2020). Interest and Other, Net
Years Ended (In Millions) |  | Dec 31, 2022 |  | Dec 25, 2021 |  | Dec 26, 2020
Interest income |  | $ | 589 |  |  | $ | 144 |  |  | $ | 272 |
Interest expense |  | (496) |  |  | (597) |  |  | (629) |
Other, net |  | 1,073 |  |  | (29) |  |  | (147) |
Total interest and other, net |  | $ | 1,166 |  |  | $ | (482) |  |  | $ | (504) |
Interest expense is net of $785 million of interest capitalized in 2022 ($398 million in 2021 and $338 million in 2020). Other, net includes a $1.0 billion gain recognized in 2022 from the first closing of the divestiture of our NAND memory business.

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