Quarterly report pursuant to Section 13 or 15(d)


3 Months Ended
Mar. 30, 2024
Commitments and Contingencies Disclosure [Abstract]  
Contingencies Commitments and Contingencies
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 March 30, 2024 were as follows:
Fiscal Year (In millions)
Remainder of 2024 $ 3,278 
2025 348 
2026 182 
2027 44 
2028 46 
2029 and thereafter 94 
Total unconditional purchase commitments $ 3,992 
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 March 30, 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.