20 unchanged sentences
While we believe we take prudent measures to mitigate investment-related risks, such risks cannot be fully eliminated as there are circumstances outside of our control.
+Added: Long-term Investment Risk.
+Added: Our long-term investments are held in both marketable and non-marketable equity securities and other instruments.
+Added: Marketable equity securities include investments in publicly traded companies.
+Added: Non-marketable equity securities and other instruments include investments in privately held companies, which are often in a start-up or early development stage and are inherently risky.
+Added: The technologies of these privately held companies are under research or development, typically in the early stages and may never materialize, and may result in a loss of our investment in these companies.
+Added: As of December 27, 2025 and December 31, 2024, the carrying value of our investments in publicly traded companies was $198 million and $0, respectively, and the carrying value of our non-marketable equity securities and other instruments was $1.3 billion and $468 million, respectively.
+Added: These securities are subject to a wide variety of market-related risks that could substantially reduce or increase the fair value of our holdings.
+Added: We regularly review our non-marketable equity securities and other instruments for potential impairment.
Foreign Exchange Risk.
3 unchanged sentences
We do not use derivative financial instruments for trading or speculative purposes.
−Removed: The following table provides information about our foreign currency forward contracts as of December 28, 2024 and December 30, 2023.
−Removed: All of our foreign currency forward contracts mature within 24 months.
−Removed: December 28, 2024 December 30, 2023
−Removed: Amount Average
−Removed: Rate Estimated
−Removed: Gain (Loss) Notional
−Removed: Amount Average
−Removed: Rate Estimated
−Removed: (In millions except contract rates)
−Removed: Foreign currency forward contracts:
−Removed: Chinese Renminbi $ 524 6.9946 $ (9) $ 655 6.7593 $ (10)
−Removed: Canadian Dollar 732 1.3623 (29) 645 1.3479 11
−Removed: Indian Rupee 700 85.9050 (6) 514 84.6922 1
−Removed: Taiwan Dollar 28 29.1567 — 171 29.3064 (3)
−Removed: Singapore Dollar 360 1.3036 (8) 495 1.3314 6
−Removed: Euro 283 0.8908 (7) 303 0.9017 1
−Removed: Pound Sterling 148 0.7762 (2) 167 0.8057 2
−Removed: Malaysian Ringgit 73 4.2295 (3) — — —
−Removed: Total $ 2,848 $ (66) $ 2,950 $ 8
+Added: As of December 27, 2025 and December 28, 2024, our portfolio of foreign currency forward contracts had an aggregate notional amount of $3.4 billion and $2.8 billion, respectively.
+Added: All forward contracts mature within 24 months.
+Added: Our foreign currency forward contracts cover a range of currencies tied to our global operations, including but not limited to the Indian Rupee, Canadian Dollar and Chinese Renminbi.
+Added: As of December 27, 2025 and December 28, 2024, the estimated net fair‑value position of these forwards was a $12 million gain and $66 million loss, respectively.
+Added: Table of Conten t s
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.