Quarterly report pursuant to Section 13 or 15(d)


3 Months Ended
Apr. 01, 2023
Commitments and Contingencies Disclosure [Abstract]  
Contingencies Commitments and Contingencies
The Company’s purchase commitments primarily include the Company’s obligations to purchase wafers and substrates from third parties and future payments related to certain software, technology and IP licenses. Purchase commitments include obligations made under noncancellable purchase orders and contractual obligations requiring minimum purchases or for which cancellation would lead to significant penalties.
Total future unconditional purchase commitments as of April 1, 2023 were as follows:
Fiscal Year (In millions)
Remainder of 2023 $ 4,424 
2024 1,558 
2025 355 
2026 219 
2027 86 
2028 and thereafter 186 
Total unconditional purchase commitments $ 6,828 
On an ongoing basis, the Company works with suppliers on timing of payments and deliveries of purchase commitments, taking into account business conditions.
During the quarterly period ended April 1, 2023, there were no material legal proceedings. The Company is a defendant or plaintiff in various actions that arose in the normal course of business. With respect to these matters, based on management’s current knowledge, the Company believes that the amount or range of reasonably possible loss, if any, will not, either individually or in the aggregate, have a material adverse effect on the Company’s financial position, results of operations, or cash flows.