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v3.25.4

Income Taxes (Tables) | 12 Months Ended
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Dec. 27, 2025
Income Tax Disclosure [Abstract] |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] |
Years Ended ($ In Millions) |  | Dec 27, 2025 |  | Dec 28, 2024 |  | Dec 30, 2023
Income (losses) before taxes: |  |  |  |  |  |
U.S. |  | $ | (3,231) |  |  | $ | (13,450) |  | $ | (4,749)
Non-U.S. |  | 4,788 |  |  | 2,241 |  | 5,511
Total income before taxes |  | $ | 1,557 |  |  | $ | (11,210) |  | $ | 762
Provision for (benefit from) taxes: |  |  |  |  |  |
Current: |  |  |  |  |  |
Federal |  | $ | 310 |  |  | $ | 600 |  | $ | 538
State |  | (18) |  |  | (8) |  | 23
Non-U.S. |  | 910 |  |  | 1,364 |  | 535
Total current provision for (benefit from) taxes |  | 1,202 |  |  | 1,956 |  | 1,096
Deferred: |  |  |  |  |  |
Federal |  | 245 |  |  | 6,192 |  | (2,048)
State |  | (11) |  |  | 67 |  | (21)
Non-U.S. |  | 95 |  |  | (192) |  | 60
Total deferred provision for (benefit from) taxes |  | 329 |  |  | 6,067 |  | (2,009)
Total provision for (benefit from) taxes |  | $ | 1,531 |  |  | $ | 8,023 |  | $ | (913)
Effective tax rate |  | 98.3 | % |  | 71.6 | % |  | (119.8) | %
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block] |
Years Ended ($ In Millions) |  | Dec 27, 2025 |  | Dec 28, 2024 |  | Dec 30, 2023
Income (losses) before taxes: |  |  |  |  |  |
U.S. |  | $ | (3,231) |  |  | $ | (13,450) |  | $ | (4,749)
Non-U.S. |  | 4,788 |  |  | 2,241 |  | 5,511
Total income before taxes |  | $ | 1,557 |  |  | $ | (11,210) |  | $ | 762
Provision for (benefit from) taxes: |  |  |  |  |  |
Current: |  |  |  |  |  |
Federal |  | $ | 310 |  |  | $ | 600 |  | $ | 538
State |  | (18) |  |  | (8) |  | 23
Non-U.S. |  | 910 |  |  | 1,364 |  | 535
Total current provision for (benefit from) taxes |  | 1,202 |  |  | 1,956 |  | 1,096
Deferred: |  |  |  |  |  |
Federal |  | 245 |  |  | 6,192 |  | (2,048)
State |  | (11) |  |  | 67 |  | (21)
Non-U.S. |  | 95 |  |  | (192) |  | 60
Total deferred provision for (benefit from) taxes |  | 329 |  |  | 6,067 |  | (2,009)
Total provision for (benefit from) taxes |  | $ | 1,531 |  |  | $ | 8,023 |  | $ | (913)
Effective tax rate |  | 98.3 | % |  | 71.6 | % |  | (119.8) | %
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | The following table presents required disclosure pursuant to ASU 2023-09 and reconciles the U.S. federal statutory tax amount and rate to our actual global effective amount and rate for the year ended December 27, 2025:
|  | Dec 27, 2025
Year Ended ($ In Millions) |  | Amount |  | Percent
U.S. federal statutory tax |  | $ | 327 |  |  | 21.0 | %
State and local income tax, net of federal income tax effect |  | (23) |  |  | (1.5) | %
Foreign tax effects: |  |  |  |
China: |  |  |  |
Withholding tax |  | 314 |  |  | 20.2 | %
Other adjustments |  | (51) |  |  | (3.3) | %
Other foreign jurisdictions |  | (205) |  |  | (13.2) | %
Effects of cross-border tax laws: |  |  |  |
Subpart F income inclusion |  | 248 |  |  | 15.9 | %
Foreign tax credit |  | (707) |  |  | (45.4) | %
Other |  | 145 |  |  | 9.3 | %
Tax credits: |  |  |  |
Research and development credit |  | (977) |  |  | (62.7) | %
Changes in valuation allowances |  | 2,629 |  |  | 168.9 | %
Nontaxable or nondeductible items: |  |  |  |
Share-based compensation |  | 120 |  |  | 7.7 | %
Altera divestiture and deconsolidation |  | (1,357) |  |  | (87.2) | %
Mark to market on equity securities |  | 377 |  |  | 24.2 | %
Other |  | 97 |  |  | 6.2 | %
Changes in unrecognized tax benefits |  | 334 |  |  | 21.5 | %
Other adjustments |  | 260 |  |  | 16.7 | %
Global effective tax |  | $ | 1,531 |  |  | 98.3 | %
The following table presents the required disclosures prior to our adoption of ASU 2023-09 and reconciles the U.S. federal statutory income tax rate to the actual global effective income tax rate for the years ended December 28, 2024 and December 30, 2023:
Years Ended |  |  | Dec 28, 2024 |  | Dec 30, 2023
Expected provision (benefit) at statutory federal income tax rate |  |  | (21.0) | % |  | 21.0 | %
Increase (reduction) in rate resulting from: |  |  |  |  |
Federal valuation allowance |  |  | 93.2 |  |  | — |
Goodwill impairment |  |  | 2.1 |  |  | — |
Share-based compensation |  |  | 4.2 |  |  | 34.3 |
Unrecognized tax benefits and settlements |  |  | 1.3 |  |  | 16.3 |
Non-U.S. income taxed at different rates |  |  | (5.3) |  |  | (60.6) |
Research and development tax credits |  |  | (5.6) |  |  | (99.0) |
Foreign derived intangible income benefit |  |  | — |  |  | (25.1) |
Restructuring of certain non-U.S. subsidiaries |  |  | — |  |  | (15.8) |
Non-deductibility of European Commission fine |  |  | — |  |  | 11.1 |
Other |  |  | 2.7 |  |  | (2.0) |
Effective tax rate |  |  | 71.6 | % |  | (119.8) | %
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts for income tax purposes. Significant components of our deferred tax assets and liabilities at the end of each period were as follows:
(In Millions) |  | Dec 27, 2025 |  | Dec 28, 2024
Deferred tax assets: |  |  |  |
R&D expenditures capitalization |  | $ | 12,203 |  |  | $ | 10,709 |
State credits and net operating losses |  | 3,165 |  |  | 2,830 |
Inventory |  | 628 |  |  | 1,054 |
Accrued compensation and other benefits |  | 921 |  |  | 970 |
Share-based compensation |  | 481 |  |  | 444 |
Litigation charge |  | 320 |  |  | 447 |
Other, net |  | 1,547 |  |  | 1,510 |
Gross deferred tax assets |  | 19,265 |  |  | 17,964 |
Valuation allowance |  | (16,402) |  |  | (13,974) |
Total deferred tax assets |  | 2,863 |  |  | 3,990 |
Deferred tax liabilities: |  |  |  |
Property, plant and equipment |  | (3,294) |  |  | (4,063) |
Licenses and intangibles |  | (466) |  |  | (159) |
Unrealized gains on investments and derivatives |  | (168) |  |  | (224) |
Other, net |  | (51) |  |  | (403) |
Total deferred tax liabilities |  | (3,979) |  |  | (4,849) |
Net deferred tax assets (liabilities) |  | $ | (1,116) |  |  | $ | (859) |
Reported as: |  |  |  |
Deferred tax assets |  | $ | 570 |  |  | $ | 603 |
Deferred tax liabilities |  | (1,686) |  |  | (1,462) |
Net deferred tax assets (liabilities) |  | $ | (1,116) |  |  | $ | (859) |
Summary of Valuation Allowance [Table Text Block] | Changes in the valuation allowance for deferred tax assets were as follows:
Years Ended (In Millions) |  |  | Dec 27, 2025 |  | Dec 28, 2024 |  | Dec 30, 2023
Balance at Beginning of Year |  |  | $ | 13,974 |  |  | $ | 3,047 |  |  | $ | 2,586 |
Additions charged to expenses/other accounts |  |  | 2,428 |  |  | 10,927 |  |  | 461 |
(Deductions) recoveries, net |  |  | — |  |  | — |  |  | — |
Balance at End of Year |  |  | $ | 16,402 |  |  | $ | 13,974 |  |  | $ | 3,047 |
Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block] | Uncertain Tax Positions
Years Ended (In Millions) |  | Dec 27, 2025 |  | Dec 28, 2024 |  | Dec 30, 2023
Beginning gross unrecognized tax benefits |  | $ | 1,130 |  |  | $ | 1,124 |  |  | $ | 1,229 |
Settlements and effective settlements with tax authorities |  | (52) |  |  | (59) |  |  | (288) |
Changes in balances related to tax position taken during prior periods |  | 201 |  |  | (8) |  |  | — |
Changes in balances related to tax position taken during current period |  | 105 |  |  | 73 |  | 183
Ending gross unrecognized tax benefits |  | $ | 1,384 |  |  | $ | 1,130 |  |  | $ | 1,124 |
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block] | We adopted ASU 2023-09 on a prospective basis for the year ended December 27, 2025 and have included the following table as a result of our adoption, which presents income taxes paid (net of refunds received) for the year ended December 27, 2025:
Year Ended (In Millions) |  | Dec 27, 2025
Federal taxes |  | $ | 1,393 |
State taxes |  | (7) |
Foreign taxes: |  |
China |  | 276 |
Israel |  | 197 |
Other foreign jurisdictions |  | 440 |
Total cash taxes paid |  | $ | 2,299 |
Below is a summary of income taxes paid for the years ended December 28, 2024 and December 30, 2023:
Years Ended (In Millions) |  | Dec 28, 2024 |  | Dec 30, 2023
Cash paid during the year for: |  |  |  |
Income taxes, net of refunds |  | $ | 2,202 |  |  | $ | 2,621 |

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