Document and Entity Information
Document and Entity Information - shares shares in Millions | 3 Months Ended | |
Apr. 02, 2016 | Apr. 22, 2016 | |
Document and Entity Information [Abstract] | ||
Entity Registrant Name | Intel Corp | |
Entity Central Index Key | 50,863 | |
Company Fiscal Year End Date | --12-31 | |
Entity Filer Category | Large Accelerated Filer | |
Document Type | 10-Q | |
Document Period End Date | Apr. 2, 2016 | |
Document Fiscal Year Focus | 2,016 | |
Document Fiscal Period Focus | Q1 | |
Amendment Flag | false | |
Entity Common Stock Shares Outstanding | 4,722 |
Consolidated Condensed Statemen
Consolidated Condensed Statements of Income - USD ($) shares in Millions, $ in Millions | 3 Months Ended | |
Apr. 02, 2016 | Mar. 28, 2015 | |
Income Statement [Abstract] | ||
Net revenue | $ 13,702 | $ 12,781 |
Cost of sales | 5,572 | 5,051 |
Gross margin | 8,130 | 7,730 |
Research and development | 3,246 | 2,995 |
Marketing, general and administrative | 2,226 | 1,953 |
Restructuring and asset impairment charges | 0 | 105 |
Amortization of acquisition-related intangibles | 90 | 62 |
Operating expenses | 5,562 | 5,115 |
Operating income | 2,568 | 2,615 |
Gains (losses) on equity investments, net | 22 | 32 |
Interest and other, net | (82) | 26 |
Income before taxes | 2,508 | 2,673 |
Provision for taxes | 462 | 681 |
Net income | $ 2,046 | $ 1,992 |
Basic earnings per share of common stock (in dollars per share) | $ 0.43 | $ 0.42 |
Diluted earnings per share of common stock (in dollars per share) | 0.42 | 0.41 |
Cash dividends declared per share of common stock (in dollars per share) | $ 0.52 | $ 0.48 |
Weighted average shares of common stock outstanding: | ||
Basic (shares) | 4,722 | 4,741 |
Diluted (shares) | 4,875 | 4,914 |
Consolidated Condensed Stateme3
Consolidated Condensed Statements of Comprehensive Income - USD ($) $ in Millions | 3 Months Ended | |
Apr. 02, 2016 | Mar. 28, 2015 | |
Statement of Comprehensive Income [Abstract] | ||
Net income | $ 2,046 | $ 1,992 |
Other comprehensive income, net of tax: | ||
Change in net unrealized holding gains (losses) on available-for-sale investments | 291 | (342) |
Change in deferred tax asset valuation allowance | (1) | (3) |
Change in net unrealized holding gains (losses) on derivatives | 187 | (89) |
Change in net prior service (costs) credits | 2 | 2 |
Change in actuarial valuation | 19 | 12 |
Change in net foreign currency translation adjustment | 2 | (178) |
Other comprehensive income (loss) | 500 | (598) |
Total comprehensive income | $ 2,546 | $ 1,394 |
Consolidated Condensed Balance
Consolidated Condensed Balance Sheets - USD ($) $ in Millions | Apr. 02, 2016 | Dec. 26, 2015 |
Current assets: | ||
Cash and cash equivalents | $ 3,061 | $ 15,308 |
Short-term investments | 2,927 | 2,682 |
Trading assets | 9,103 | 7,323 |
Accounts receivable, net | 4,216 | 4,787 |
Inventories | 5,751 | 5,167 |
Other current assets | 2,339 | 3,053 |
Total current assets | 27,397 | 38,320 |
Property, plant and equipment, net of accumulated depreciation of $52,199 ($51,538 as of December 26, 2015) | 32,644 | 31,858 |
Marketable equity securities | 6,377 | 5,960 |
Other long-term investments | 3,097 | 1,891 |
Goodwill | 16,942 | 11,332 |
Identified intangible assets, net | 11,140 | 3,933 |
Other long-term assets | 7,870 | 8,165 |
Total assets | 105,467 | 101,459 |
Current liabilities: | ||
Short-term debt | 3,594 | 2,634 |
Accounts payable | 3,163 | 2,063 |
Accrued compensation and benefits | 1,834 | 3,138 |
Accrued advertising | 820 | 960 |
Deferred income | 2,632 | 2,188 |
Other accrued liabilities | 5,483 | 4,663 |
Total current liabilities | 17,526 | 15,646 |
Long-term debt | 21,775 | 20,036 |
Long-term deferred tax liabilities | 1,247 | 954 |
Other long-term liabilities | $ 2,851 | $ 2,841 |
Contingencies (Note 21) | ||
Temporary equity | $ 894 | $ 897 |
Stockholders’ equity: | ||
Preferred stock | 0 | 0 |
Common stock and capital in excess of par value, 4,717 issued and 4,716 outstanding (4,725 issued and outstanding as of December 26, 2015) | 24,088 | 23,411 |
Accumulated other comprehensive income (loss) | 560 | 60 |
Retained earnings | 36,526 | 37,614 |
Total stockholders’ equity | 61,174 | 61,085 |
Total liabilities, temporary equity, and stockholders’ equity | $ 105,467 | $ 101,459 |
Consolidated Condensed Balance5
Consolidated Condensed Balance Sheets (Parenthetical) - USD ($) shares in Millions, $ in Millions | Apr. 02, 2016 | Dec. 26, 2015 |
Assets | ||
Accumulated depreciation | $ 52,199 | $ 51,538 |
Stockholders’ equity: | ||
Common stock, shares issued | 4,717 | 4,725 |
Common stock, shares outstanding | 4,716 | 4,725 |
Consolidated Condensed Stateme6
Consolidated Condensed Statements of Cash Flows - USD ($) $ in Millions | 3 Months Ended | |
Apr. 02, 2016 | Mar. 28, 2015 | |
Statement of Cash Flows [Abstract] | ||
Cash and cash equivalents, beginning of period | $ 15,308 | $ 2,561 |
Cash flows provided by (used for) operating activities: | ||
Net income | 2,046 | 1,992 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||
Depreciation | 1,619 | 1,848 |
Share-based compensation | 448 | 368 |
Restructuring and asset impairment charges | 0 | 105 |
Excess tax benefit from share-based payment arrangements | (13) | (22) |
Amortization of intangibles | 396 | 251 |
(Gains) losses on equity investments, net | (22) | (32) |
Deferred taxes | (43) | (171) |
Changes in assets and liabilities: | ||
Accounts receivable | 942 | 1,167 |
Inventories | (57) | (137) |
Accounts payable | 434 | (71) |
Accrued compensation and benefits | (1,307) | (1,659) |
Income taxes payable and receivable | 497 | 221 |
Other assets and liabilities | (885) | 555 |
Total adjustments | 2,009 | 2,423 |
Net cash provided by operating activities | 4,055 | 4,415 |
Cash flows provided by (used for) investing activities: | ||
Additions to property, plant and equipment | (1,346) | (2,025) |
Acquisitions, net of cash acquired | (14,569) | (57) |
Purchases of available-for-sale investments | (2,847) | (139) |
Sales of available-for-sale investments | 2,810 | 43 |
Maturities of available-for-sale investments | 1,359 | 1,079 |
Purchases of trading assets | (4,533) | (2,475) |
Maturities and sales of trading assets | 3,138 | 3,398 |
Investments in loans receivable and reverse repurchase agreements | (223) | 0 |
Collection of loans receivable and reverse repurchase agreements | 650 | 0 |
Investments in non-marketable equity investments | (182) | (278) |
Other investing | 223 | 5 |
Net cash used for investing activities | (15,520) | (449) |
Cash flows provided by (used for) financing activities: | ||
Increase (decrease) in short-term debt, net | 956 | (486) |
Excess tax benefit from share-based payment arrangements | 13 | 22 |
Proceeds from sales of common stock through employee equity incentive plans | 343 | 341 |
Repurchase of common stock | (793) | (750) |
Restricted stock unit withholdings | (63) | (51) |
Payment of dividends to stockholders | (1,228) | (1,137) |
Collateral associated with repurchase of common stock | 0 | 325 |
Decrease in liability due to return of collateral associated with repurchase of common stock | 0 | (325) |
Other financing | (10) | (213) |
Net cash used for financing activities | (782) | (2,274) |
Effect of exchange rate fluctuations on cash and cash equivalents | 0 | (9) |
Net increase (decrease) in cash and cash equivalents | (12,247) | 1,683 |
Cash and cash equivalents, end of period | 3,061 | 4,244 |
Cash paid (received) during the period for: | ||
Interest, net of capitalized interest | 254 | 0 |
Income taxes, net of refunds | $ (72) | $ 596 |
Basis of Presentation
Basis of Presentation | 3 Months Ended |
Apr. 02, 2016 | |
Basis of Presentation [Abstract] | |
Basis of Presentation [Text Block] | Note 1: Basis of Presentation We prepared our interim consolidated condensed financial statements that accompany these notes in conformity with U.S. generally accepted accounting principles, consistent in all material respects with those applied in our Annual Report on Form 10-K for the fiscal year ended December 26, 2015 . We have reclassified certain prior period amounts to conform to current period presentation. We have a 52- or 53-week fiscal year that ends on the last Saturday in December. Fiscal year 2015 was a 52-week year. Fiscal year 2016 is a 53-week fiscal year, and the first quarter of 2016 was a 14-week quarter. In the first quarter of 2016, we completed the acquisition of Altera Corporation. For further information, see " Note 8: Acquisitions ." We have made estimates and judgments affecting the amounts reported in our consolidated condensed financial statements and the accompanying notes. The actual results that we experience may differ materially from our estimates. The interim financial information is unaudited, but reflects all normal adjustments that are, in our opinion, necessary to provide a fair statement of results for the interim periods presented. This interim information should be read in conjunction with the consolidated financial statements in our Annual Report on Form 10-K for the year ended December 26, 2015 . |
Change in Accounting Estimate
Change in Accounting Estimate | 3 Months Ended |
Apr. 02, 2016 | |
Change in Accounting Estimate [Abstract] | |
Accounting Changes [Text Block] | Note 2: Change in Accounting Estimate During our 2015 annual assessment of the useful lives of our property, plant, and equipment, we determined that the useful lives of machinery and equipment in our wafer fabrication facilities should be increased from 4 to 5 years. This change in estimate was applied prospectively, effective at the beginning of the first quarter of 2016. For the period ended April 2, 2016 , this change increased our operating income by approximately $200 million , our net income by approximately $150 million , and our diluted earnings per share by approximately $0.03 . |
Recent Accounting Standards
Recent Accounting Standards | 3 Months Ended |
Apr. 02, 2016 | |
New Accounting Pronouncements and Changes in Accounting Principles [Abstract] | |
Recent Accounting Standards [Text Block] | Note 3: Recent Accounting Standards Accounting Standards Adopted Deferred Tax Classification. In the first quarter of 2016, we elected to early adopt an amended standard requiring that we classify all deferred tax assets and liabilities as non-current on the consolidated condensed balance sheet instead of separating deferred taxes into current and non-current. The amended standard was adopted on a retrospective basis. As a result of the adoption, we made the following adjustments to the consolidated condensed 2015 balance sheet: a $2.0 billion decrease to current deferred tax assets, a $430 million increase to non-current deferred tax assets, a $21 million decrease to current deferred tax liabilities, and a decrease of $1.6 billion to non-current deferred tax liabilities. Business Combinations. In the first quarter of 2016, we adopted an amended standard requiring that we recognize the effect on earnings of any adjustments identified during the measurement period after an acquisition in the same period the adjustment is identified, as opposed to the prior standard which required material adjustments be retrospectively adjusted. The standard did not have a significant impact on our consolidated condensed financial statements. Accounting Standards Not Yet Adopted Revenue Recognition. In May 2014, the Financial Accounting Standards Board (FASB) issued a new standard to achieve a consistent application of revenue recognition within the U.S., resulting in a single revenue model to be applied by reporting companies under U.S. generally accepted accounting principles. Under the new model, recognition of revenue occurs when a customer obtains control of promised goods or services in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. In addition, the new standard requires that reporting companies disclose the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. On July 9, 2015, the FASB agreed to delay the effective date by one year; accordingly, the new standard is effective for us beginning in the first quarter of 2018 and we expect to adopt it at that time. The new standard is required to be applied retrospectively to each prior reporting period presented or retrospectively with the cumulative effect of initially applying it recognized at the date of initial application. We have not yet selected a transition method nor have we determined the impact of the new standard on our consolidated condensed financial statements. Financial Instruments. In January 2016, the FASB issued changes to the accounting for financial instruments that primarily affect equity investments, financial liabilities under the fair value option, and the presentation and disclosure requirements. This standard is effective for us beginning in the first quarter of 2018; certain provisions allow for early adoption and we are evaluating whether we will do so. The new standard should be applied by means of a cumulative-effect adjustment to the balance sheet as of the beginning of the fiscal year of adoption, with certain exceptions. We have not yet determined the impact of the new standard on our consolidated condensed financial statements. Leases. In February 2016, the FASB issued a new lease accounting standard requiring that we recognize lease assets and liabilities on the balance sheet. This standard is effective for us beginning in the first quarter of 2019; early adoption is permitted and we are evaluating whether we will do so. The new standard must be adopted using a modified retrospective transition which includes certain practical expedients. We have not yet determined the impact of the new standard on our consolidated condensed financial statements. Shared-Based Compensation. In March 2016, the FASB issued an accounting standard update aimed at simplifying the accounting for share-based payment transactions. Included in the update are modifications to the accounting for income taxes upon vesting or settlement of awards, employer tax withholding on shared-based compensation, forfeitures, and financial statement presentation of excess tax benefits. This standard is effective for us beginning in the first quarter of 2017; early adoption is permitted and we are evaluating whether we will do so. We have not yet determined the impact of the update on our consolidated condensed financial statements. |
Fair Value
Fair Value | 3 Months Ended |
Apr. 02, 2016 | |
Fair Value Disclosures [Abstract] | |
Fair Value [Text Block] | Note 4: Fair Value Fair value is the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining fair value, we consider the principal or most advantageous market in which we would transact, and we consider assumptions that market participants would use when pricing the asset or liability. Our financial assets are measured and recorded at fair value, except for cost method investments, cost method loans receivable, equity method investments, grants receivable, and reverse repurchase agreements with original maturities greater than approximately three months. Substantially all of our liabilities are not measured and recorded at fair value. Fair Value Hierarchy The three levels of inputs that may be used to measure fair value are as follows: Level 1. Quoted prices in active markets for identical assets or liabilities. Level 2. Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities, quoted prices in less active markets, or model-derived valuations in which all significant inputs are observable or can be derived principally from or corroborated with observable market data for substantially the full term of the assets or liabilities. Level 2 inputs also include non-binding market consensus prices that can be corroborated with observable market data, as well as quoted prices that were adjusted for security-specific restrictions. Level 3. Unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of assets or liabilities. Level 3 inputs also include non-binding market consensus prices or non-binding broker quotes that we were unable to corroborate with observable market data. Assets and Liabilities Measured and Recorded at Fair Value on a Recurring Basis Assets and liabilities measured and recorded at fair value on a recurring basis at the end of each period were as follows: April 2, 2016 December 26, 2015 Fair Value Measured and Recorded at Reporting Date Using Fair Value Measured and Recorded at Reporting Date Using (In Millions) Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Assets Cash equivalents: Corporate debt $ — $ 288 $ — $ 288 $ — $ 1,829 $ — $ 1,829 Financial institution instruments 440 1,017 — 1,457 8,238 1,277 — 9,515 Government debt — 23 — 23 — 130 — 130 Reverse repurchase agreements — 418 — 418 — 2,368 — 2,368 Short-term investments: Corporate debt 292 909 21 1,222 336 764 20 1,120 Financial institution instruments 141 1,332 — 1,473 145 927 — 1,072 Government debt 74 158 — 232 65 425 — 490 Trading assets: Asset-backed securities — 226 29 255 — 275 94 369 Corporate debt 2,117 688 — 2,805 1,744 564 — 2,308 Financial institution instruments 971 719 — 1,690 930 701 — 1,631 Government debt 1,979 2,374 — 4,353 1,107 1,908 — 3,015 Other current assets: Derivative assets — 406 1 407 32 412 1 445 Loans receivable — 268 — 268 — 137 — 137 Marketable equity securities 6,318 59 — 6,377 5,891 69 — 5,960 Other long-term investments: Asset-backed securities — — — — — — 4 4 Corporate debt 436 1,183 — 1,619 407 801 — 1,208 Financial institution instruments 424 842 — 1,266 171 381 — 552 Government debt 115 97 — 212 79 48 — 127 Other long-term assets: Derivative assets — 153 56 209 — 30 10 40 Loans receivable — 455 — 455 — 342 — 342 Total assets measured and recorded at fair value $ 13,307 $ 11,615 $ 107 $ 25,029 $ 19,145 $ 13,388 $ 129 $ 32,662 Liabilities Other accrued liabilities: Derivative liabilities — 324 — 324 2 210 — 212 Other long-term liabilities: Derivative liabilities — 15 — 15 — 33 — 33 Total liabilities measured and recorded at fair value $ — $ 339 $ — $ 339 $ 2 $ 243 $ — $ 245 Government debt includes instruments such as non-U.S. government bonds and U.S. agency securities. Financial institution instruments include instruments issued or managed by financial institutions in various forms such as commercial paper, fixed and floating rate bonds, money market fund deposits, and time deposits. During the first three months of 2016 , we transferred corporate debt, financial institution instruments, and government debt of approximately $622 million from Level 1 to Level 2 of the fair value hierarchy and approximately $233 million of corporate debt, government debt, and financial institution instruments from Level 2 to Level 1 ( $494 million of corporate debt, government debt, and financial institution instruments from Level 1 to Level 2 and $398 million from Level 2 to Level 1 during the first three months of 2015 ). These transfers were based on changes in market activity for the underlying instruments. Our policy is to reflect transfers between the fair value hierarchy levels at the beginning of the period. Investments in Debt Instruments Debt instruments reflected in the preceding table include investments such as asset-backed securities, corporate debt, financial institution instruments, government debt, and reverse repurchase agreements classified as cash equivalents. We classify our debt instruments as Level 2 when we use observable market prices for identical instruments that are traded in less active markets. When observable market prices for identical instruments are not available, we price the debt instruments using our own models, such as a discounted cash flow model, or non-binding market consensus prices based on the proprietary valuation models of pricing providers or brokers. These valuation models incorporate a number of inputs, including non-binding and binding broker quotes; observable market prices for identical or similar instruments; and the internal assumptions of pricing providers or brokers that use observable market inputs and unobservable market inputs that we consider to be not significant. When we use non-binding market consensus prices, we corroborate them with quoted market prices for similar instruments or compare them to output from internally-developed pricing models such as a discounted cash flow model. The discounted cash flow model uses observable market inputs, such as LIBOR-based yield curves, currency spot and forward rates, and credit ratings. All significant inputs are derived from or corroborated with observable market data. The fair values of debt instruments classified as Level 3 are generally derived from discounted cash flow models, performed either by us or our pricing providers, using inputs that we are unable to corroborate with observable market data. We monitor and review the inputs and results of these valuation models to help ensure the fair value measurements are reasonable and consistent with market experience in similar asset classes. Fair Value Option for Loans Receivable We elected the fair value option for loans receivable when the interest rate or currency exchange rate risk was hedged at inception with a related derivative instrument. As of April 2, 2016 and December 26, 2015 , the fair value of our loans receivable for which we elected the fair value option did not significantly differ from the contractual principal balance based on the contractual currency. Loans receivable are classified within other current assets and other long-term assets. Fair value is determined using a discounted cash flow model, with all significant inputs derived from or corroborated with observable market data. Gains and losses from changes in fair value on the loans receivable and related derivative instruments, as well as interest income, are recorded in interest and other, net. During all periods presented, changes in the fair value of our loans receivable were largely offset by gains or losses on the related derivative instruments, resulting in an insignificant net impact on our consolidated condensed statements of income. Gains and losses attributable to changes in credit risk are determined using observable credit default spreads for the issuer or comparable companies; these gains and losses were insignificant during all periods presented. We did not elect the fair value option for loans receivable when the interest rate or currency exchange rate risk was not hedged at inception with a related derivative instrument. Loans receivable not measured and recorded at fair value are included in the following "Financial Instruments Not Recorded at Fair Value on a Recurring Basis" section. Assets Measured and Recorded at Fair Value on a Non-Recurring Basis Our non-marketable equity investments, marketable equity method investments, and non-financial assets, such as intangible assets and property, plant and equipment, are recorded at fair value only if an impairment is recognized. Some of our non-marketable equity investments have been measured and recorded at fair value due to events or circumstances that significantly impacted the fair value of those investments, resulting in other-than-temporary impairments. We classified these investments as Level 3 because the valuations used unobservable inputs that were significant to the fair value measurements and required management judgment due to the absence of quoted market prices. Impairments recognized on non-marketable equity investments held as of April 2, 2016 and March 28, 2015 were insignificant. Financial Instruments Not Recorded at Fair Value on a Recurring Basis On a quarterly basis, we measure the fair value of our grants receivable, cost method loans receivable, non-marketable cost method investments, reverse repurchase agreements with original maturities greater than approximately three months, and indebtedness carried at amortized cost plus applicable hedge adjustments; however, the assets are recorded at fair value only when an impairment is recognized. The carrying amounts and fair values of financial instruments not recorded at fair value on a recurring basis at the end of each period were as follows: April 2, 2016 (In Millions) Carrying Amount Fair Value Measured Using Fair Value Level 1 Level 2 Level 3 Grants receivable $ 591 $ — $ 594 $ — $ 594 Loans receivable $ 315 $ — $ 315 $ — $ 315 Non-marketable cost method investments $ 2,933 $ — $ — $ 3,704 $ 3,704 Reverse repurchase agreements $ 350 $ — $ 350 $ — $ 350 Short-term debt $ 3,519 $ 1,511 $ 2,583 $ — $ 4,094 Long-term debt $ 21,775 $ 15,084 $ 8,424 $ — $ 23,508 December 26, 2015 (In Millions) Carrying Amount Fair Value Measured Using Fair Value Level 1 Level 2 Level 3 Grants receivable $ 593 $ — $ 600 $ — $ 600 Loans receivable $ 315 $ — $ 315 $ — $ 315 Non-marketable cost method investments $ 2,933 $ — $ — $ 3,904 $ 3,904 Reverse repurchase agreements $ 1,000 $ — $ 1,000 $ — $ 1,000 Short-term debt $ 2,593 $ 1,513 $ 1,563 $ — $ 3,076 Long-term debt $ 20,036 $ 14,058 $ 6,835 $ — $ 20,893 NVIDIA Corporation cross-license agreement liability $ 199 $ — $ 200 $ — $ 200 The fair value of our grants receivable is determined using a discounted cash flow model, which discounts future cash flows using an appropriate yield curve. As of April 2, 2016 and December 26, 2015 , the carrying amount of our grants receivable was classified within other current assets and other long-term assets, as applicable. The carrying amount and fair value of loans receivable exclude loans measured and recorded at fair value on a recurring basis. The fair value of our loans receivable and reverse repurchase agreements, including those held at fair value, is determined using a discounted cash flow model. All significant inputs in the models are derived from or corroborated with observable market data, such as LIBOR-based yield curves, currency spot and forward rates, and credit ratings. The credit quality of these assets remains high, with credit ratings of A/A2 for substantially all of our loans receivable and reverse repurchase agreements as of April 2, 2016 . As of April 2, 2016 and December 26, 2015 , the unrealized loss position of our non-marketable cost method investments was insignificant . Our non-marketable cost method investments are valued using a qualitative and quantitative analysis of events or circumstances that impact the fair value of the investment. Qualitative analysis of our investments involves understanding our investee’s revenue and earnings trends relative to pre-defined milestones and overall business prospects; the technological feasibility of our investee’s products and technologies; the general market conditions in the investee’s industry or geographic area, including adverse regulatory or economic changes; and the management and governance structure of the investee. Quantitative assessments of the fair value of our investments are developed using the market and income approaches. The market approach includes the use of financial metrics and ratios of comparable public companies, such as revenue, earnings, comparable performance multiples, recent financing rounds, the terms of the investees’ issued interests, and the level of marketability of the investments. The selection of comparable companies requires management judgment and is based on a number of factors, including comparable companies’ sizes, growth rates, industries, and development stages. The income approach includes the use of a discounted cash flow model, which requires significant estimates regarding investees’ revenue, costs, and discount rates based on the risk profile of comparable companies. Estimates of revenue and costs are developed using available market, historical, and forecast data. We measure the fair value of our non-marketable cost method investments as close to the end of the period as feasible. The carrying amount and fair value of short-term debt exclude drafts payable. Our short-term debt recognized at amortized cost includes our 2009 junior subordinated convertible debentures due 2039 (2009 debentures), our 2011 senior notes due 2016, and any commercial paper outstanding. During the first quarter of 2016 , the 2009 debentures were classified as short-term debt on the consolidated condensed balance sheets and convertible at the option of the holder during the second quarter of 2016 . For further information, see the "Borrowings" note in Part II, Item 8 of our Annual Report on Form 10-K for the year ended December 26, 2015 . Our long-term debt recognized at amortized cost is composed of our senior notes and our convertible debentures. The fair value of our senior notes is classified as Level 1 when we use quoted prices in active markets and Level 2 when the quoted prices are from less active markets or when other observable inputs are used to determine fair value. The fair value of our 2009 and 2005 convertible debentures is determined using discounted cash flow models with observable market inputs, and takes into consideration variables such as interest rate changes, comparable instruments, subordination discount, and credit-rating changes; it is, therefore, classified as Level 2. The NVIDIA Corporation (NVIDIA) cross-license agreement liability in the preceding table was incurred as a result of entering into a long-term patent cross-license agreement with NVIDIA in January 2011, pursuant to which we agreed to make payments to NVIDIA over six years. The carrying amount of the liability arising from the agreement was classified within other accrued liabilities as of December 26, 2015 and the final $200 million was paid in January 2016 and treated as cash used for financing activities. |
Cash and Investments
Cash and Investments | 3 Months Ended |
Apr. 02, 2016 | |
Investments and Cash [Abstract] | |
Cash and Investments [Text Block] | Note 5: Cash and Investments Cash and investments at the end of each period were as follows: (In Millions) Apr 2, Dec 26, Available-for-sale investments $ 14,169 $ 22,007 Cash 875 1,466 Equity method investments 1,593 1,590 Loans receivable 1,038 794 Non-marketable cost method investments 2,933 2,933 Reverse repurchase agreements 768 3,368 Trading assets 9,103 7,323 Total cash and investments $ 30,479 $ 39,481 Available-for-Sale Investments Available-for-sale investments at the end of each period were as follows: April 2, 2016 December 26, 2015 (In Millions) Adjusted Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Adjusted Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Asset-backed securities $ — $ — $ — $ — $ 5 $ — $ (1 ) $ 4 Corporate debt 3,133 5 (9 ) 3,129 4,164 3 (10 ) 4,157 Financial institution instruments 4,196 3 (3 ) 4,196 11,140 1 (2 ) 11,139 Government debt 467 — — 467 748 — (1 ) 747 Marketable equity securities 3,230 3,148 (1 ) 6,377 3,254 2,706 — 5,960 Total available-for-sale investments $ 11,026 $ 3,156 $ (13 ) $ 14,169 $ 19,311 $ 2,710 $ (14 ) $ 22,007 Government debt includes instruments such as non-U.S. government bonds and U.S. agency securities. Financial institution instruments include instruments issued or managed by financial institutions in various forms such as commercial paper, fixed and floating rate bonds, money market fund deposits, and time deposits. Substantially all time deposits were issued by institutions outside the U.S. as of April 2, 2016 and December 26, 2015 . For information on the unrealized holding gains (losses) on available-for-sale investments reclassified out of accumulated other comprehensive income (loss) into the consolidated condensed statements of income, see " Note 20: Other Comprehensive Income (Loss) ." During the first three months of 2016 , we sold available-for-sale investments for proceeds of $2.9 billion , of which $ 127 million related to sales of cash and cash equivalents ( $43 million in the first three months of 2015 , none of which was related to sales of cash and cash equivalents). The gross realized gains on sales of available-for-sale investments were $86 million in the first three months of 2016 ( $43 million in the first three months of 2015 ). The amortized cost and fair value of available-for-sale debt investments, by contractual maturity, as of April 2, 2016 , were as follows: (In Millions) Cost Fair Value Due in 1 year or less $ 4,230 $ 4,229 Due in 1–2 years 1,835 1,834 Due in 2–5 years 1,266 1,264 Instruments not due at a single maturity date 465 465 Total $ 7,796 $ 7,792 Equity Method Investments IM Flash Technologies, LLC Since the inception of IM Flash Technologies, LLC (IMFT) in 2006, Micron Technology, Inc. (Micron) and Intel have jointly developed NAND flash memory and, most recently, 3D XPoint™ technology products. Intel also purchases jointly developed products directly from Micron under certain supply agreements. The IMFT operating agreement, most recently amended in January 2016, continues through 2024 unless earlier terminated under certain terms and conditions and provides for certain buy-sell rights of the joint venture. Intel has the right to cause Micron to buy our interest in IMFT. If we exercise this right, Micron would set the closing date of the transaction within two years following such election and could elect to receive financing from us for one to two years. Subsequent to our put right, and commencing in January 2019, Micron has the right to call our interest in IMFT with the closing date to be effective within one year. As of April 2, 2016 , we own a 49% interest in IMFT. The carrying value of our investment was $872 million as of April 2, 2016 ( $872 million as of December 26, 2015 ) and is classified within other long-term assets. IMFT is a variable interest entity and all costs of IMFT are passed on to Micron and Intel through sale of products or services in proportional share of ownership. Intel's portion of IMFT costs, primarily related to product purchases and production-related services, was approximately $100 million in the first three months of 2016 (approximately $95 million in the first three months of 2015 ). The amount due to IMFT for product purchases and services provided was approximately $50 million as of April 2, 2016 (approximately $20 million as of December 26, 2015 ). IMFT depends on Micron and Intel for any additional cash needs. Our known maximum exposure to loss approximated the carrying value of our investment balance in IMFT, which was $872 million as of April 2, 2016 . Except for the amount due to IMFT for product purchases and production-related services, we did not have any additional liabilities recognized on our consolidated condensed balance sheets in connection with our interests in this joint venture as of April 2, 2016 . Our potential future losses could be higher than the carrying amount of our investment, as Intel and Micron are liable for other future operating costs or obligations of IMFT. Future cash calls could also increase our investment balance and the related exposure to loss. In addition, because we are currently committed to purchasing 49% of IMFT’s production output and production-related services, we may be required to purchase products at a cost in excess of realizable value. We have determined that we do not have the characteristics of a consolidating investor in the variable interest entity and, therefore, we account for our interest in IMFT using the equity method of accounting. Cloudera, Inc. During 2014, we invested in Cloudera, Inc. (Cloudera). Our fully diluted ownership interest in Cloudera is 17% as of April 2, 2016 . Our investment is accounted for under the equity and cost methods of accounting based on the rights associated with different instruments we own, and is classified within other long-term assets. The carrying value of our equity method investment was $250 million and of our cost method investment was $454 million as of April 2, 2016 ( $256 million for our equity method investment and $454 million for our cost method investment as of December 26, 2015 ). Intel-GE Care Innovations, LLC During the first three months of 2016, we gained control of Care Innovations LLC (Care Innovations), our joint venture with General Electric Company. Care Innovations has been included in our consolidated condensed financial statements as of April 2, 2016 . Non-marketable Cost Method Investments Investment in Beijing UniSpreadtrum Technology Ltd. During 2014, we entered into a series of agreements with Tsinghua Unigroup Ltd. (Tsinghua Unigroup), an operating subsidiary of Tsinghua Holdings Co. Ltd., to, among other things, jointly develop Intel ® architecture- and communications-based solutions for phones. We agreed to invest up to 9.0 billion Chinese yuan (approximately $1.5 billion as of the date of the agreement) for a minority stake of approximately 20% of Beijing UniSpreadtrum Technology Ltd. (UniSpreadtrum), a holding company under Tsinghua Unigroup. During 2015, we invested $966 million to complete the first phase of the equity investment. We have determined we do not have significant influence over the company and, therefore, we account for our interest using the cost method of accounting. Subject to regulatory approvals and other closing conditions, the second phase of the investment will require additional funding of approximately $ 500 million . Trading Assets As of April 2, 2016 and December 26, 2015 , substantially all of our trading assets were marketable debt instruments. Net gains related to trading assets still held at the reporting date were $243 million in the first three months of 2016 (net losses of $200 million in the first three months of 2015 ). Net losses on the related derivatives were $234 million in the first three months of 2016 (net gains of $194 million in the first three months of 2015 ). |
Inventories
Inventories | 3 Months Ended |
Apr. 02, 2016 | |
Inventory, Net [Abstract] | |
Inventories [Text Block] | Note 6: Inventories We compute inventory cost on a first-in, first-out basis. Costs incurred to manufacture our products are included in the valuation of inventory beginning in the quarter in which a product meets the technical criteria to qualify for sale to customers. Prior to qualification for sale, costs that do not meet the criteria for research and development (R&D) are included in cost of sales in the period incurred. Inventories at the end of each period were as follows: (In Millions) Apr 2, Dec 26, Raw materials $ 628 $ 532 Work in process 2,980 2,893 Finished goods 2,143 1,742 Total inventories $ 5,751 $ 5,167 |
Derivative Financial Instrument
Derivative Financial Instruments | 3 Months Ended |
Apr. 02, 2016 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Derivative Financial Instruments [Text Block] | Note 7: Derivative Financial Instruments Our primary objective for holding derivative financial instruments is to manage currency exchange rate risk and interest rate risk, and, to a lesser extent, equity market risk, commodity price risk, and credit risk. When possible, we enter into master netting arrangements with counterparties to mitigate credit risk in derivative transactions. A master netting arrangement may allow counterparties to net settle amounts owed to each other as a result of multiple, separate derivative transactions. Generally, our master netting agreements allow for net settlement in case of certain triggering events such as bankruptcy or default of one of the counterparties to the transaction. We may also elect to exchange cash collateral with certain of our counterparties on a regular basis. For presentation on our consolidated condensed balance sheets, we do not offset fair value amounts recognized for derivative instruments under master netting arrangements. Our derivative financial instruments are recorded at fair value and are included in other current assets, other long-term assets, other accrued liabilities, or other long-term liabilities. Currency Exchange Rate Risk We are exposed to currency exchange rate risk, and generally hedge our exposures with currency forward contracts, currency interest rate swaps, or currency options. Substantially all of our revenue is transacted in U.S. dollars. However, a significant portion of our operating expenditures and capital purchases is incurred in or exposed to other currencies, primarily the euro, the Japanese yen, the Chinese yuan and the Israeli shekel . We have established balance sheet and forecasted transaction currency risk management programs to protect against fluctuations in the fair value and the volatility of the functional currency equivalent of future cash flows caused by changes in exchange rates. Our non-U.S.-dollar-denominated investments in debt instruments, loans receivable and indebtedness are generally hedged with offsetting currency forward contracts or currency interest rate swaps. We may also hedge currency risk arising from funding foreign currency denominated forecasted investments. These programs reduce, but do not eliminate, the impact of currency exchange movements. Our currency risk management programs include: • Currency derivatives with cash flow hedge accounting designation that utilize currency forward contracts and currency options to hedge exposures to the variability in the U.S.-dollar equivalent of anticipated non-U.S.-dollar-denominated cash flows. The substantial majority of these instruments mature within 12 months . For these derivatives, we report the after-tax gain or loss from the effective portion of the hedge as a component of accumulated other comprehensive income (loss), and we reclassify it into earnings in the same period or periods in which the hedged transaction affects earnings, and in the same line item on the consolidated condensed statements of income as the impact of the hedged transaction. We utilize currency interest rate swaps to hedge exposures to the variability in the U.S.-dollar equivalent of coupon and principal payments associated with our non-U.S.-dollar-denominated indebtedness . • Currency derivatives without hedge accounting designation that utilize currency forward contracts or currency interest rate swaps to economically hedge the functional currency equivalent cash flows of recognized monetary assets and liabilities, non-U.S.-dollar-denominated debt instruments classified as trading assets, and non-U.S.-dollar-denominated loans receivable recognized at fair value. The majority of these instruments mature within 12 months . Changes in the functional currency equivalent cash flows of the underlying assets and liabilities are approximately offset by the changes in the fair value of the related derivatives. We record net gains or losses in the line item on the consolidated condensed statements of income most closely associated with the related exposures, primarily in interest and other, net, except for equity-related gains or losses, which we primarily record in gains (losses) on equity investments, net. Interest Rate Risk Our primary objective for holding investments in debt instruments is to preserve principal while maximizing yields. We generally swap the returns on our investments in fixed-rate debt instruments with remaining maturities longer than six months into U.S. dollar three-month LIBOR-based returns, unless management specifically approves otherwise. We may elect to swap fixed coupon payments on our debt issuances for floating rate coupon payments. These swaps are settled at various interest payment times involving cash payments at each interest and principal payment date, with the majority of the contracts having quarterly payments. We also utilize interest rate or currency interest rate swaps to modify cash flows related to our existing indebtedness. We may enter into treasury rate lock agreements to lock in a fixed rate for future debt issuances. Our interest rate risk management programs include: • Interest rate derivatives with cash flow hedge accounting designation that utilize interest rate swap agreements to modify the interest characteristics of debt instruments or treasury rate lock agreements to lock in a fixed rate for future debt issuances. For these derivatives, we report the after-tax gain or loss from the effective portion of the hedge as a component of accumulated other comprehensive income (loss), and we reclassify it into earnings in the same period or periods in which the hedged transaction affects earnings, and in the same line item on the consolidated condensed statements of income as the impact of the hedged transaction. • Interest rate derivatives with fair value hedge accounting designation that utilize interest rate swap agreements to hedge against changes in fair value on certain fixed rate debt due to fluctuations in the benchmark interest rate. For these derivatives, we recognize gains and losses in interest and other, net, along with the offsetting gains and losses attributable to the changes in the benchmark interest rate on the underlying hedged items. • Interest rate derivatives without hedge accounting designation that utilize interest rate swaps and currency interest rate swaps in economic hedging transactions, including hedges of non-U.S.-dollar-denominated debt instruments classified as trading assets and hedges of non-U.S.-dollar-denominated loans receivable recognized at fair value. Floating interest rates on the swaps generally reset on a quarterly basis. Changes in the fair value of the debt instruments classified as trading assets and loans receivable recognized at fair value are generally offset by changes in the fair value of the related derivatives, both of which are recorded in interest and other, net. Equity Market Risk Our investments include marketable equity securities and equity derivative instruments. We typically do not attempt to reduce or eliminate our equity market exposure through hedging activities at the inception of our investments. Before we enter into hedge arrangements, we evaluate legal, market, and economic factors, as well as the expected timing of disposal to determine whether hedging is appropriate. Our equity market risk management program may include equity derivatives with or without hedge accounting designation that utilize warrants, equity options, or other equity derivatives. We recognize changes in the fair value of such derivatives in gains (losses) on equity investments, net. We also utilize total return swaps to offset changes in liabilities related to the equity market risks of certain deferred compensation arrangements. Gains and losses from changes in fair value of these total return swaps are generally offset by the losses and gains on the related liabilities , both of which are recorded in cost of sales and operating expenses. Volume of Derivative Activity Total gross notional amounts for outstanding derivatives (recorded at fair value) at the end of each period were as follows: (In Millions) Apr 2, Dec 26, Mar 28, Currency forwards $ 10,744 $ 11,212 $ 16,192 Currency interest rate swaps 6,776 5,509 5,094 Embedded debt derivatives 3,600 3,600 3,600 Interest rate swaps 6,440 5,212 1,128 Total return swaps 1,129 1,061 1,106 Treasury rate lock agreements 1,500 — — Other 81 61 72 Total $ 30,270 $ 26,655 $ 27,192 The gross notional amounts for currency forwards and currency interest rate swaps (presented by currency) at the end of each period were as follows: (In Millions) Apr 2, Dec 26, Mar 28, Chinese yuan $ 2,231 $ 2,231 $ 4,079 Euro 5,496 6,084 7,332 Israeli shekel 1,852 1,674 2,010 Japanese yen 3,314 2,663 4,206 Other 4,627 4,069 3,659 Total $ 17,520 $ 16,721 $ 21,286 Fair Value of Derivative Instruments in the Consolidated Condensed Balance Sheets The fair value of our derivative instruments at the end of each period were as follows: April 2, 2016 December 26, 2015 (In Millions) Other Current Assets Other Long-Term Assets Other Accrued Liabilities Other Long-Term Liabilities Other Current Assets Other Long-Term Assets Other Accrued Liabilities Other Long-Term Liabilities Derivatives designated as hedging instruments: Currency forwards $ 181 $ 4 $ 10 $ — $ 20 $ 3 $ 83 $ 2 Interest rate swaps — 149 — — — 1 — 14 Currency interest rate swaps — 34 — — — 7 — — Other — — 13 — — — — — Total derivatives designated as hedging instruments 181 187 23 — 20 11 83 16 Derivatives not designated as hedging instruments: Currency forwards 29 1 68 — 20 — 63 — Currency interest rate swaps 194 10 215 2 370 18 52 — Embedded debt derivatives — — — 13 — — — 17 Interest rate swaps 2 — 18 — 2 — 12 — Total return swaps — — — — 32 — 2 — Other 1 11 — — 1 11 — — Total derivatives not designated as hedging instruments 226 22 301 15 425 29 129 17 Total derivatives $ 407 $ 209 $ 324 $ 15 $ 445 $ 40 $ 212 $ 33 Amounts Offset in the Consolidated Condensed Balance Sheets The gross amounts of our derivative instruments and reverse repurchase agreements subject to master netting arrangements with various counterparties, and cash and non-cash collateral posted under such agreements at the end of each period were as follows: April 2, 2016 Gross Amounts Not Offset in the Balance Sheet (In Millions) Gross Amounts Recognized Gross Amounts Offset in the Balance Sheet Net Amounts Presented in the Balance Sheet Financial Instruments Cash and Non-Cash Collateral Received or Pledged Net Amount Assets: Derivative assets subject to master netting arrangements $ 595 $ — $ 595 $ (267 ) $ (232 ) $ 96 Reverse repurchase agreements 768 — 768 — (768 ) — Total assets 1,363 — 1,363 (267 ) (1,000 ) 96 Liabilities: Derivative liabilities subject to master netting arrangements 338 — 338 (267 ) (71 ) — Total liabilities $ 338 $ — $ 338 $ (267 ) $ (71 ) $ — December 26, 2015 Gross Amounts Not Offset in the Balance Sheet (In Millions) Gross Amounts Recognized Gross Amounts Offset in the Balance Sheet Net Amounts Presented in the Balance Sheet Financial Instruments Cash and Non-Cash Collateral Received or Pledged Net Amount Assets: Derivative assets subject to master netting arrangements $ 482 $ — $ 482 $ (201 ) $ (188 ) $ 93 Reverse repurchase agreements 3,368 — 3,368 — (3,368 ) — Total assets 3,850 — 3,850 (201 ) (3,556 ) 93 Liabilities: Derivative liabilities subject to master netting arrangements 242 — 242 (201 ) (27 ) 14 Total liabilities $ 242 $ — $ 242 $ (201 ) $ (27 ) $ 14 We obtain and secure available collateral from counterparties against obligations, including securities lending transactions and reverse repurchase agreements, when we deem it appropriate. Derivatives in Cash Flow Hedging Relationships The before-tax gains (losses), attributed to the effective portion of cash flow hedges, recognized in other comprehensive income (loss) for each period were as follows: Three Months Ended (In Millions) Apr 2, Mar 28, Currency forwards $ 229 $ (229 ) Currency interest rate swaps and other 14 — Total $ 243 $ (229 ) Gains and losses on derivative instruments in cash flow hedging relationships related to hedge ineffectiveness and amounts excluded from effectiveness testing were insignificant during all periods presented in the preceding table. Additionally, for all periods presented, there was an insignificant impact on results of operations from discontinued cash flow hedges, which arises when forecasted transactions are probable of not occurring. For information on the unrealized holding gains (losses) on derivatives reclassified out of accumulated other comprehensive income into the consolidated condensed statements of income, see " Note 20: Other Comprehensive Income (Loss) ." Derivatives in Fair Value Hedging Relationships The effects of derivative instruments designated as fair value hedges, recognized in interest and other, net for each period were as follows: Three Months Ended (In Millions) Apr 2, Mar 28, Interest rate swap $ 162 $ — Hedged item (162 ) — Total $ — $ — There was no ineffectiveness during all periods presented in the preceding table. Derivatives Not Designated as Hedging Instruments The effects of derivative instruments not designated as hedging instruments on the consolidated condensed statements of income for each period were as follows: Three Months Ended (In Millions) Location of Gains (Losses) Recognized in Income on Derivatives Apr 2, Mar 28, Currency forwards Interest and other, net $ (45 ) $ (18 ) Currency interest rate swaps Interest and other, net (193 ) 253 Interest rate swaps Interest and other, net (7 ) (6 ) Total return swaps Various 8 31 Other Gains (losses) on equity investments, net (1 ) (9 ) Other Interest and other, net 4 — Total $ (234 ) $ 251 |
Acquisitions
Acquisitions | 3 Months Ended |
Apr. 02, 2016 | |
Acquisitions [Abstract] | |
Acquisitions [Text Block] | Note 8: Acquisitions Altera Corporation On December 28, 2015, we completed the acquisition of Altera Corporation (Altera), a global semiconductor company that designs and sells programmable semiconductors and related products. We acquired all outstanding shares of Altera common stock and, subject to certain exceptions, each share of Altera common stock underlying vested stock option awards, restricted stock unit awards and performance-based restricted stock unit awards in exchange for cash. The acquired company will operate as the Programmable Solutions Group (PSG) and continue to design and sell programmable logic devices (PLDs), which incorporate field-programmable gate arrays (FPGAs) and complex programmable logic devices (CPLDs), and highly integrated System-on-Chip (SoC) devices. This acquisition is expected to expand our reach within the compute continuum, as the combination of our leading-edge products and manufacturing process with Altera's leading FPGA technology is expected to enable new classes of platforms that meet customer needs in the data center and Internet of Things market segments. As we develop future platforms, the integration of PLDs into our platform solutions is expected to improve the overall performance and lower the cost of ownership for our customers. For further information, see " Note 22: Operating Segments Information ." Total consideration to acquire Altera was $14.5 billion (net of $2.0 billion of cash and cash equivalents acquired) and comprised the following: (In Millions) Cash, net of cash acquired $ 14,401 Share-based awards assumed 50 Total $ 14,451 The preliminary fair values of the assets acquired and liabilities assumed by major class in the acquisition of Altera were recognized as follows: (In Millions) Short-term investments $ 182 Receivables 368 Inventory 555 Other current assets 123 Property, plant & equipment 312 Goodwill 5,433 Identified intangible assets 7,566 Other long-term investments and assets 2,495 Deferred income (336 ) Other liabilities (263 ) Long-term debt (1,535 ) Deferred tax liabilities (449 ) Total $ 14,451 The allocation of purchase consideration to assets and liabilities is not yet finalized. The preliminary allocation of the purchase price was based upon preliminary estimates and assumptions that are subject to change within the measurement period (up to one year from the acquisition date). The primary areas of the preliminary purchase price allocation that are not yet finalized are certain tax matters, identification of contingencies, and goodwill. The preliminary goodwill of $5.4 billion arising from the acquisition is attributed to the expected synergies and other benefits that will be generated by combining Intel and Altera. Substantially all of the goodwill recognized is not expected to be deductible for tax purposes. For further information on the assignment of preliminary goodwill for the acquisition, see “ Note 9: Goodwill .” The identified intangible assets assumed in the acquisition of Altera were recognized as follows based upon their fair values as of December 28, 2015: Fair Value (In Millions) Weighted Average Estimated Useful Life (In Years) Developed technology $ 5,757 9 Customer relationships 1,121 12 Brands 87 6 Identified intangible assets subject to amortization $ 6,965 In-process research and development 601 Identified intangible assets not subject to amortization 601 Total identified intangible assets $ 7,566 Acquired developed technology represents the fair value of Altera products that have reached technological feasibility and are a part of Altera’s product offerings, as opposed to in-process research and development which represents the fair value of products that have not reached technological feasibility. Customer relationships represent the fair values of the underlying relationships and agreements with Altera’s customers. Brands represent the fair value of Altera's master brand and product brand names. Other First Quarter 2016 Acquisitions During the first three months of 2016 , in addition to the Altera acquisition, we completed three acquisitions qualifying as a business combination in exchange for aggregate consideration (net of cash acquired) of $180 million , most of which was cash . Substantially all of the consideration was allocated to goodwill and identifiable intangible assets. For information on goodwill by operating segment, see “ Note 9: Goodwill ” and for information on the classification of intangible assets, see " Note 10: Identified Intangible Assets ." These acquisitions, both individually and in aggregate, were not significant to our operations. Actual and Pro Forma Results of Acquirees Net revenue and net income attributable to all acquisitions completed during the first quarter of 2016 have been included in our consolidated condensed statements of income from their respective acquisition dates to the period ending April 2, 2016 . The Altera acquisition was significant to our consolidated condensed results of operations, and these results are reported as the Programmable Solutions Group in " Note 22: Operating Segments Information ." The unaudited pro forma financial results combine the first quarter historical results of Intel and Altera for 2016 and 2015 along with the first quarter historical results of other businesses acquired during 2016. The results include the effects of pro forma adjustments as if all businesses acquired in 2016 were acquired at the beginning of Intel's 2015 fiscal year. The pro forma results for the three months ended March 28, 2015 include non-recurring adjustments of $226 million for the inventory valuation adjustment, $64 million for deferred income (net of the impact of cost of goods sold) and $94 million for other acquisition-related transaction costs, all of which reduce pro forma net income. The pro forma financial results presented below do not include any anticipated synergies or other expected benefits of the acquisitions. This is presented for informational purposes only and is not indicative of future operations or results that would have been achieved had the acquisitions been completed as of the beginning of our 2015 fiscal year. Three Months Ended (In Millions, Except Per Share Amounts) Apr 2, Mar 28, Net revenue $ 13,801 $ 13,118 Net income $ 2,398 $ 1,599 Diluted earnings per share $ 0.49 $ 0.33 |
Goodwill
Goodwill | 3 Months Ended |
Apr. 02, 2016 | |
Business Combination, Goodwill [Abstract] | |
Goodwill [Text Block] | Note 9: Goodwill Goodwill activity for the first three months of 2016 was as follows: (In Millions) Dec 26, Acquisitions Transfers Other Apr 2, Client Computing Group $ 4,078 $ 12 $ 213 $ — $ 4,303 Data Center Group 2,404 2,438 177 — 5,019 Internet of Things Group 428 534 36 — 998 Non-Volatile Memory Solutions Group — — — — — Intel Security Group 3,599 — — 1 3,600 Software and Services Group 441 — (441 ) — — Programmable Solutions Group — 2,474 — 1 2,475 All other 382 150 15 — 547 Total $ 11,332 $ 5,608 $ — $ 2 $ 16,942 During the first quarter of 2016, we completed the acquisition of Altera and formed PSG. The goodwill recognized from this acquisition was allocated among DCG, IOTG, and PSG based on the relative fair value provided by the acquisition, which reflected the estimated synergistic value generated within DCG and IOTG by incorporating Altera's intellectual property into Intel's future process technology and products. For further information, see " Note 8: Acquisitions ." We previously disclosed the goodwill for Intel Security Group (ISecG) and Software and Services Group (SSG) as part of the aggregated software and services operating segments. During the first quarter of 2016, we elected to separately disclose the results of ISecG and determined SSG is no longer an operating segment; accordingly, its goodwill was re-allocated to other operating segments based on the relative fair value. Additionally, we formed the New Technology Group (NTG), which includes products designed for wearables, cameras, and other market segments (including drones). The substantially majority of goodwill under "all other" is attributable to NTG, the remainder of which is unallocated from recent acquisitions in the first quarter of 2016. For further information, see " Note 22: Operating Segments Information ." |
Identified Intangible Assets
Identified Intangible Assets | 3 Months Ended |
Apr. 02, 2016 | |
Intangible Assets, Net (Excluding Goodwill) [Abstract] | |
Identified Intangible Assets [Text Block] | Note 10: Identified Intangible Assets Identified intangible assets at the end of each period were as follows: April 2, 2016 (In Millions) Gross Assets Accumulated Net Acquisition-related developed technology $ 8,646 $ (2,430 ) $ 6,216 Acquisition-related customer relationships 2,842 (1,291 ) 1,551 Acquisition-related brands 146 (62 ) 84 Licensed technology and patents 3,001 (1,254 ) 1,747 Identified intangible assets subject to amortization 14,635 (5,037 ) 9,598 Acquisition-related brands 767 — 767 Other intangible assets 775 — 775 Identified intangible assets not subject to amortization 1,542 — 1,542 Total identified intangible assets $ 16,177 $ (5,037 ) $ 11,140 December 26, 2015 (In Millions) Gross Assets Accumulated Net Acquisition-related developed technology $ 2,928 $ (2,276 ) $ 652 Acquisition-related customer relationships 1,738 (1,219 ) 519 Acquisition-related brands 59 (55 ) 4 Licensed technology and patents 3,017 (1,200 ) 1,817 Identified intangible assets subject to amortization 7,742 (4,750 ) 2,992 Acquisition-related brands 767 — 767 Other intangible assets 174 — 174 Identified intangible assets not subject to amortization 941 — 941 Total identified intangible assets $ 8,683 $ (4,750 ) $ 3,933 As a result of our acquisition of Altera during the first quarter of 2016, we recorded $7.6 billion of identified intangible assets. For further information about identified intangible assets recorded as a result of the acquisition during the first quarter of 2016, see " Note 8: Acquisitions ." Amortization expenses, with presentation location on the consolidated condensed statements of income, for each period were as follows: Three Months Ended (In Millions) Location Apr 2, Mar 28, Acquisition-related developed technology Cost of sales $ 235 $ 120 Acquisition-related customer relationships Amortization of acquisition-related intangibles 83 60 Acquisition-related brands Amortization of acquisition-related intangibles 7 2 Licensed technology and patents Cost of sales 71 69 Total amortization expenses $ 396 $ 251 Based on identified intangible assets that are subject to amortization as of April 2, 2016 , we expect future amortization expenses for each period to be as follows: (In Millions) Remainder of 2016 2017 2018 2019 2020 Acquisition-related developed technology $ 702 $ 792 $ 779 $ 776 $ 742 Acquisition-related customer relationships 245 241 141 124 121 Acquisition-related brands 17 13 13 13 13 Licensed technology and patents 210 239 187 186 174 Total future amortization expenses $ 1,174 $ 1,285 $ 1,120 $ 1,099 $ 1,050 |
Other Long-Term Assets
Other Long-Term Assets | 3 Months Ended |
Apr. 02, 2016 | |
Other Assets, Noncurrent Disclosure [Abstract] | |
Other Long-Term Assets [Text Block] | Note 11: Other Long-Term Assets Other long-term assets at the end of each period were as follows: (In Millions) Apr 2, Dec 26, Equity method investments $ 1,593 $ 1,590 Non-marketable cost method investments 2,933 2,933 Non-current deferred tax assets 682 1,052 Pre-payments for property, plant and equipment 487 623 Loans receivable 755 642 Grants receivable 323 318 Reverse repurchase agreements 250 350 Other 847 657 Total other long-term assets $ 7,870 $ 8,165 During the first three months of 2016 , we received and transferred $132 million of equipment from pre-payments for property, plant and equipment to property, plant and equipment. Substantially all of the equipment was prepaid in 2013 and 2014 . We recognized the pre-payments within operating activities in the consolidated condensed statement of cash flows when we paid for the equipment, and the receipt of the equipment is reflected as a non-cash transaction in the current period. |
Restructuring and Asset Impairm
Restructuring and Asset Impairment Charges | 3 Months Ended |
Apr. 02, 2016 | |
Restructuring Costs and Asset Impairment Charges [Abstract] | |
Restructuring and Asset Impairment Charges [Text Block] | Note 12: Restructuring and Asset Impairment Charges We had no restructuring and asset impairment charges in the first three months of 2016 due to the completion of our 2013 and 2015 restructuring programs. As of April 2, 2016 , the remaining liability associated with both programs is $37 million ( $70 million as of December 26, 2015 ). A substantial majority of this liability is expected to be paid within the next 12 months and was recorded as a current liability. For more information about these programs, please refer to our Annual Report on Form 10-K for the year ended December 26, 2015 . 2016 Restructuring Program On April 19, 2016, subsequent to the end of first quarter of 2016, we announced the 2016 Restructuring Program, designed to align our operations with evolving business needs and improve efficiencies. Under this program, we intend to close certain facilities and reduce up to twelve thousand positions globally. Accordingly, we expect to incur charges of approximately $1.2 billion in the second quarter of 2016. The actions associated with this program are expected to be fully completed by the second quarter of 2017. |
Deferred Income
Deferred Income | 3 Months Ended |
Apr. 02, 2016 | |
Deferred Revenue [Abstract] | |
Deferred Income [Text Block] | Note 13: Deferred Income Deferred income at the end of each period was as follows: (In Millions) Apr 2, Dec 26, Deferred income on shipments of components to distributors $ 1,318 $ 920 Deferred income from software, services and other 1,314 1,268 Current deferred income 2,632 2,188 Non-current deferred income from software, services and other 482 530 Total deferred income $ 3,114 $ 2,718 We classify non-current deferred income from software, services and other within other long-term liabilities on the consolidated condensed balance sheets. |
Borrowings
Borrowings | 3 Months Ended |
Apr. 02, 2016 | |
Debt Disclosure [Abstract] | |
Borrowings [Text Block] | Note 14: Borrowings Short-Term Debt Our short-term debt at the end of each period was as follows: (In Millions) Apr 2, Dec 26, Drafts payable $ 75 $ 41 Commercial paper 921 — Current portion of long-term debt 2,606 2,602 Less: debt issuance costs associated with the current portion of long-term debt (8 ) (9 ) Total short-term debt $ 3,594 $ 2,634 We have an ongoing authorization from our Board of Directors to borrow up to $5.0 billion under our commercial paper program. Maximum borrowings under our commercial paper program in the first three months of 2016 were $3.0 billion ( $900 million in the first three months 2015 ). We had $921 million outstanding commercial paper as of April 2, 2016 ( none outstanding as of December 26, 2015 ). Our commercial paper was rated A-1+ by Standard & Poor’s and P-1 by Moody’s as of April 2, 2016 . On December 21, 2015, we entered into a short-term credit facility to borrow up to $5.0 billion in order to facilitate the settlement of our acquisition of Altera. Under this credit facility, we borrowed $4.0 billion and the facility was closed in January 2016. 2009 Debentures The 2009 debentures are convertible, subject to certain conditions. Holders can surrender the 2009 debentures for conversion if the closing price of Intel common stock has been at least 130% of the conversion price then in effect for at least 20 trading days during the 30 consecutive trading-day period ending on the last trading day of the preceding fiscal quarter. During the first quarter of 2016 , the closing stock price conversion right condition of the 2009 debentures continued to be met and the debentures will be convertible at the option of the holders during the second quarter of 2016 . As a result, the $1.1 billion carrying amount of the 2009 debentures was classified as short-term debt on our consolidated condensed balance sheet as of April 2, 2016 ( $1.1 billion as of December 26, 2015 ). The excess of the amount of cash payable if converted over the carrying amount of the 2009 debentures of $894 million has been classified as temporary equity on our consolidated condensed balance sheet as of April 2, 2016 ( $897 million as of December 26, 2015 ). In future periods, if the closing stock price conversion right condition is no longer met, all outstanding 2009 debentures would be reclassified to long-term debt and the temporary equity would be reclassified to stockholders’ equity on our consolidated condensed balance sheet. Long-Term Debt Our indebtedness is carried at amortized cost plus applicable hedge adjustments. Our long-term debt at the end of each period was as follows: (In Millions) Maturity Date Stated Interest Rate Apr 2, Dec 26, First quarter 2016 acquired Altera debt of $1.5 billion Senior notes May 2017 1.75% $ 501 $ — Senior notes November 2018 2.50% 606 — Senior notes November 2023 4.10% 426 — Fourth quarter 2015 debt issuance of $915 million Senior notes December 2045 4.70% 939 908 Fourth quarter 2015 Australian dollar-denominated debt issuance of A$800 million Senior notes 1 December 2019 3.25% 191 181 Senior notes 1 December 2022 4.00% 421 397 Third quarter 2015 debt issuance of $1.0 billion Senior notes August 2045 4.90% 1,028 1,009 Third quarter 2015 debt issuance of $7.0 billion Senior notes July 2020 2.45% 1,749 1,748 Senior notes July 2022 3.10% 1,030 996 Senior notes July 2025 3.70% 2,269 2,247 Senior notes July 2045 4.90% 1,999 1,998 2012 debt issuance of $6.2 billion Senior notes December 2017 1.35% 2,999 2,999 Senior notes December 2022 2.70% 1,548 1,492 Senior notes December 2032 4.00% 744 744 Senior notes December 2042 4.25% 925 924 2011 debt issuance of $5.0 billion Senior notes October 2016 1.95% 1,500 1,499 Senior notes October 2021 3.30% 1,998 1,997 Senior notes October 2041 4.80% 1,491 1,490 2009 debt issuance of $2.0 billion Junior subordinated convertible debentures August 2039 3.25% 1,106 1,103 2005 debt issuance of $1.6 billion Junior subordinated convertible debentures December 2035 2.95% 979 975 Long-term debt 24,449 22,707 Less: current portion of long-term debt (2,606 ) (2,602 ) Less: debt issuance costs (68 ) (69 ) Total long-term debt $ 21,775 $ 20,036 1 To manage foreign currency risk associated with the Australian-dollar-denominated notes issued in 2015, we entered into currency interest rate swaps with an aggregate notional amount of $577 million , which effectively converted these notes to U.S.-dollar-denominated notes. For further discussion on our currency interest rate swaps, see " Note 7: Derivative Financial Instruments ." During the first quarter of 2016, in connection with our completed acquisition of Altera, we acquired a total of $1.5 billion aggregate principal amount of senior unsecured notes. The senior notes pay a fixed rate of interest semiannually. We may redeem the notes prior to their maturity at our option at specified redemption prices and subject to certain restrictions. The obligations under these notes rank equally in right of payment with all of our other existing and future senior unsecured indebtedness and will effectively rank junior to all liabilities of our subsidiaries. For further information on our debt instruments, see the "Borrowings" note in Part II, Item 8 of our Annual Report on Form 10-K for the year ended December 26, 2015 . |
Employee Equity Incentive Plans
Employee Equity Incentive Plans | 3 Months Ended |
Apr. 02, 2016 | |
Employee Benefits and Share-based Compensation [Abstract] | |
Employee Equity Incentive Plans [Text Block] | Note 15: Employee Equity Incentive Plans Our equity incentive plans are broad-based, long-term programs intended to attract and retain talented employees and align stockholder and employee interests. In connection with our completed acquisition of Altera, we assumed two of their equity incentive plans with outstanding unvested stock options and restricted stock units. The assumed stock options and restricted stock units generally retained the terms and conditions under which they were originally granted. We will not grant additional shares under these assumed plans. As of April 2, 2016 , 252 million shares of common stock remained available for future grant under the 2006 Equity Incentive Plan through June 2018. The 2006 Stock Purchase Plan allows eligible employees to purchase shares of our common stock at 85% of the value of our common stock on specific dates. Rights to purchase shares of common stock are granted during the first and third quarters of each year. As of April 2, 2016 , 172 million shares of common stock remained available for issuance under the 2006 Stock Purchase Plan through August 2021. Share-Based Compensation Share-based compensation expense recognized in the first three months of 2016 was $448 million ( $368 million in the first three months of 2015 ). R estricted Stock Unit Awards Restricted stock unit (RSU) activity in the first three months of 2016 was as follows: Number of RSUs (In Millions) Weighted Average Grant-Date Fair Value December 26, 2015 107.4 $ 26.93 Granted 8.3 $ 32.39 Assumed in acquisition 7.3 $ 33.79 Vested (5.3 ) $ 28.89 Forfeited (1.8 ) $ 27.47 April 2, 2016 115.9 $ 27.66 The aggregate fair value of awards that vested in the first three months of 2016 was $165 million , which represents the market value of our common stock on the date that the RSUs vested. The grant-date fair value of awards that vested in first three months of 2016 was $153 million . The number of RSUs vested includes shares of common stock that we withheld on behalf of employees to satisfy the minimum statutory tax withholding requirements. RSUs that are expected to vest are net of estimated future forfeitures. As of April 2, 2016 , 6.9 million of the outstanding RSUs were market-based RSUs. Stock Purchase Plan Employees purchased 9.2 million shares of common stock in the first three months of 2016 for $227 million ( 8.1 million shares of common stock in the first three months of 2015 for $234 million ) under the 2006 Stock Purchase Plan. |
Common Stock Repurchases
Common Stock Repurchases | 3 Months Ended |
Apr. 02, 2016 | |
Common Stock Repurchases [Abstract] | |
Common Stock Repurchases [Text Block] | Note 16: Common Stock Repurchases Common Stock Repurchase Program We have an ongoing authorization, originally approved by our Board of Directors in 2005, and subsequently amended, to repurchase up to $65.0 billion in shares of our common stock in open market or negotiated transactions. As of April 2, 2016 , $8.6 billion remained available for repurchase under the existing repurchase authorization limit. During the first three months of 2016 , we repurchased 26.8 million shares of common stock at a cost of $800 million ( 21.3 million shares of common stock at a cost of $750 million in the first three months of 2015 ). We have repurchased 4.8 billion shares of common stock at a cost of $105.7 billion since the program began in 1990. |
Gains (Losses) on Equity Invest
Gains (Losses) on Equity Investments, Net | 3 Months Ended |
Apr. 02, 2016 | |
Gains (Losses) on Equity Investments, Net [Abstract] | |
Gains (Losses) on Equity Investments, Net [Text Block] | Note 17: Gains (Losses) on Equity Investments, Net The components of gains (losses) on equity investments, net for each period were as follows: Three Months Ended (In Millions) Apr 2, Mar 28, Share of equity method investee losses, net $ (8 ) $ (48 ) Impairments (29 ) (38 ) Gains on sales, net 96 46 Other, net (37 ) 72 Total gains (losses) on equity investments, net $ 22 $ 32 |
Interest and Other, Net
Interest and Other, Net | 3 Months Ended |
Apr. 02, 2016 | |
Interest and Other, Net [Abstract] | |
Interest and Other, Net [Text Block] | Note 18: Interest and Other, Net The components of interest and other, net for each period were as follows: Three Months Ended (In Millions) Apr 2, Mar 28, Interest income $ 52 $ 32 Interest expense (208 ) (42 ) Other, net 74 36 Total interest and other, net $ (82 ) $ 26 Interest expense in the preceding table is net of $22 million of interest capitalized in the first three months of 2016 ( $81 million in the first three months of 2015 ). During the first three months of 2016 , we recognized an interest and other, net loss primarily due to higher interest expense related to the 2015 issuances of our $9.5 billion aggregate principal amount of senior unsecured notes. For further information on these transactions, see " Note 14: Borrowings ." |
Earnings Per Share
Earnings Per Share | 3 Months Ended |
Apr. 02, 2016 | |
Earnings Per Share [Abstract] | |
Earnings Per Share [Text Block] | Note 19: Earnings Per Share We computed our basic and diluted earnings per common share for each period as follows: Three Months Ended (In Millions, Except Per Share Amounts) Apr 2, Mar 28, Net income available to common stockholders $ 2,046 $ 1,992 Weighted average shares of common stock outstanding—basic 4,722 4,741 Dilutive effect of employee equity incentive plans 66 82 Dilutive effect of convertible debt 87 91 Weighted average shares of common stock outstanding—diluted 4,875 4,914 Basic earnings per share of common stock $ 0.43 $ 0.42 Diluted earnings per share of common stock $ 0.42 $ 0.41 We computed basic earnings per share of common stock using net income available to common stockholders and the weighted average number of shares of common stock outstanding during the period. We computed diluted earnings per share of common stock using net income available to common stockholders and the weighted average number of shares of common stock outstanding plus potentially dilutive shares of common stock outstanding during the period. Net income available to participating securities was insignificant for all periods presented. Potentially dilutive shares of common stock from employee incentive plans are determined by applying the treasury stock method to the assumed exercise of outstanding stock options, the assumed vesting of outstanding RSUs, and the assumed issuance of common stock under the stock purchase plan. Potentially dilutive shares of common stock for our 2005 debentures are determined by applying the if-converted method. However, as our 2009 debentures require settlement of the principal amount of the debt in cash upon conversion, with the conversion premium paid in cash or stock at our option, potentially dilutive shares of common stock are determined by applying the treasury stock method. Stock options and RSUs could potentially be included in the diluted earnings per share of common stock calculation in the future if the average market value of the shares of common stock increases and is greater than the exercise price of these options. During the first three months of 2016 , no outstanding stock options and RSUs were excluded from the computation of diluted earnings per share of common stock ( 3 million for the first three months of 2015 because these shares of common stock would have been antidilutive). During the first three months of 2016 and 2015 , we included our 2009 debentures in the calculation of diluted earnings per share of common stock because the average market price was above the conversion price. We could potentially exclude the 2009 debentures in the future if the average market price is below the conversion price. |
Other Comprehensive Income (Los
Other Comprehensive Income (Loss) | 3 Months Ended |
Apr. 02, 2016 | |
Equity [Abstract] | |
Other Comprehensive Income (Loss) [Text Block] | Note 20: Other Comprehensive Income (Loss) The changes in accumulated other comprehensive income (loss) by component and related tax effects in the first three months of 2016 were as follows: (In Millions) Unrealized Holding Gains (Losses) on Available-for-Sale Investments Deferred Tax Asset Valuation Allowance Unrealized Holding Gains (Losses) on Derivatives Prior Service Credits (Costs) Actuarial Gains (Losses) Foreign Currency Translation Adjustment Total December 26, 2015 $ 1,749 $ 8 $ (266 ) $ (40 ) $ (876 ) $ (515 ) $ 60 Other comprehensive income (loss) before reclassifications 532 — 243 — 6 2 783 Amounts reclassified out of accumulated other comprehensive income (loss) (85 ) — 22 2 12 — (49 ) Tax effects (156 ) (1 ) (78 ) — 1 — (234 ) Other comprehensive income (loss) 291 (1 ) 187 2 19 2 500 April 2, 2016 $ 2,040 $ 7 $ (79 ) $ (38 ) $ (857 ) $ (513 ) $ 560 The amounts reclassified out of accumulated other comprehensive income (loss) into the consolidated condensed statements of income, with presentation location, for each period were as follows: Income Before Taxes Impact Three Months Ended Comprehensive Income Components Apr 2, Mar 28, Location Unrealized holding gains (losses) on available-for-sale investments: $ (1 ) $ — Interest and other, net 86 54 Gains (losses) on equity investments, net 85 54 Unrealized holding gains (losses) on derivatives: Currency forwards (42 ) (43 ) Cost of sales (10 ) (47 ) Research and development (4 ) (9 ) Marketing, general and administrative Other instruments 34 — Interest and other, net (22 ) (99 ) Amortization of pension and postretirement benefit components: Prior service credits (costs) (2 ) (2 ) Actuarial gains (losses) (12 ) (14 ) (14 ) (16 ) Total amounts reclassified out of accumulated other comprehensive income (loss) $ 49 $ (61 ) The amortization of pension and postretirement benefit components are included in the computation of net periodic benefit cost. For further information, see the "Retirement Benefit Plans" note in Part II, Item 8 of our Annual Report on Form 10-K for the year ended December 26, 2015 . We estimate that we will reclassify approximately $7 million (before taxes) of net derivative gains included in accumulated other comprehensive income (loss) into earnings within the next 12 months. |
Contingencies
Contingencies | 3 Months Ended |
Apr. 02, 2016 | |
Commitments and Contingencies Disclosure [Abstract] | |
Contingencies [Text Block] | Note 21: Contingencies Legal Proceedings We are a party to various legal proceedings, including those noted in this section. Although management at present believes that the ultimate outcome of these proceedings, individually and in the aggregate, will not materially harm our financial position, results of operations, cash flows, or overall trends, legal proceedings and related government investigations are subject to inherent uncertainties, and unfavorable rulings or other events could occur. Unfavorable resolutions could include substantial monetary damages. In addition, in matters for which injunctive relief or other conduct remedies are sought, unfavorable resolutions could include an injunction or other order prohibiting us from selling one or more products at all or in particular ways, precluding particular business practices, or requiring other remedies. An unfavorable outcome may result in a material adverse impact on our business, results of operations, financial position, and overall trends. We might also conclude that settling one or more such matters is in the best interests of our stockholders, employees and customers, and any such settlement could include substantial payments. Except as specifically described below, we have not concluded that settlement of any of the legal proceedings noted in this section is appropriate at this time. Government Competition Matters and Consumer Class Actions A number of proceedings generally have challenged and continue to challenge certain of our competitive practices. The allegations in these proceedings vary and are described in more detail in the following paragraphs. In general, they contend that we improperly conditioned price rebates and other discounts on our microprocessors on exclusive or near-exclusive dealing by some of our customers; and they allege that our software compiler business unfairly preferred Intel ® microprocessors over competing microprocessors and that, through the use of our compilers and other means, we have caused the dissemination of inaccurate and misleading benchmark results concerning our microprocessors. Based on the procedural posture of the various remaining competition matters, which we describe in the following paragraphs, our investment of resources to explain and defend our position has declined as compared to the period 2005-2011. Nonetheless, certain of the matters remain active, and these challenges could continue for a number of years, potentially requiring us to invest additional resources. We believe that we compete lawfully and that our marketing, business, intellectual property, and other challenged practices benefit our customers and our stockholders, and we will continue to conduct a vigorous defense in the remaining proceedings. In 2001, the European Commission (EC) commenced an investigation regarding claims by Advanced Micro Devices, Inc. (AMD) that we used unfair business practices to persuade customers to buy our microprocessors. We received numerous requests for information and documents from the EC and we responded to each of those requests. The EC issued a Statement of Objections in July 2007 and held a hearing on that Statement in March 2008. The EC issued a Supplemental Statement of Objections in July 2008. In May 2009, the EC issued a decision finding that we had violated Article 82 of the EC Treaty and Article 54 of the European Economic Area Agreement. In general, the EC found that we violated Article 82 (later renumbered as Article 102 by a new treaty) by offering alleged "conditional rebates and payments" that required our customers to purchase all or most of their x86 microprocessors from us. The EC also found that we violated Article 82 by making alleged "payments to prevent sales of specific rival products." The EC imposed a fine in the amount of €1.1 billion ( $1.4 billion as of May 2009), which we subsequently paid during the third quarter of 2009, and ordered us to "immediately bring to an end the infringement referred to in" the EC decision. The EC decision contained no specific direction on whether or how we should modify our business practices. Instead, the decision stated that we should "cease and desist" from further conduct that, in the EC's opinion, would violate applicable law. We took steps, which are subject to the EC's ongoing review, to comply with that decision pending appeal. We had discussions with the EC to better understand the decision and to explain changes to our business practices. We appealed the EC decision to the Court of First Instance (which has been renamed the General Court) in July 2009. The hearing of our appeal took place in July 2012. In June 2014, the General Court rejected our appeal in its entirety. In August 2014, we filed an appeal with the European Court of Justice. In November 2014, Intervener Association for Competitive Technologies filed comments in support of Intel’s grounds of appeal. The EC and interveners filed briefs in November 2014, we filed a reply in February 2015, and the EC filed a rejoinder in April 2015. The Court of Justice is likely to hold oral argument and issue its decision in 2016. At least 82 separate class-action lawsuits were filed in the U.S. District Courts for the Northern District of California, Southern District of California, District of Idaho, District of Nebraska, District of New Mexico, District of Maine, and District of Delaware, as well as in various California, Kansas, and Tennessee state courts. These actions generally repeat the allegations made in a now-settled lawsuit filed against us by AMD in June 2005 in the U.S. District Court for the District of Delaware (AMD litigation). Like the AMD litigation, these class-action lawsuits allege that we engaged in various actions in violation of the Sherman Act and other laws by, among other things: providing discounts and rebates to our manufacturer and distributor customers conditioned on exclusive or near-exclusive dealing that allegedly unfairly interfered with AMD's ability to sell its microprocessors; interfering with certain AMD product launches; and interfering with AMD's participation in certain industry standards-setting groups. The class actions allege various consumer injuries, including that consumers in various states have been injured by paying higher prices for computers containing our microprocessors. All of the federal and state class actions other than the California class actions were transferred by the Multidistrict Litigation Panel to the U.S. District Court in Delaware for all pre-trial proceedings and discovery (MDL proceedings). The Delaware district court appointed a Special Master to address issues in the MDL proceedings, as assigned by the court. In July 2010, the Special Master denied the MDL plaintiffs' motion to certify a class of members who purchased certain personal computers containing products sold by us. In July 2014, the district court affirmed the Special Master's ruling and issued an order denying the MDL plaintiffs' motion for class certification. In August 2014, plaintiffs filed a petition for interlocutory appeal of the district court's decision with the U.S. Court of Appeals for the Third Circuit, which the Third Circuit denied in October 2014. In December 2014, we filed a motion for summary judgment on the claims of the remaining individual plaintiffs. We subsequently negotiated a settlement of the claims and the case was dismissed in September 2015. All California class actions were consolidated in the Superior Court of California in Santa Clara County. In March 2008, the plaintiffs in the California actions moved for class certification, which we opposed. In February 2015, the court granted plaintiffs' request for leave to retain a new expert and to amend their previous motion for class certification. In March 2016, the court denied plaintiffs’ amended class certification motion, and plaintiffs filed a motion for reconsideration, which is scheduled for hearing in May 2016. Given the procedural posture and the nature of these cases, we are unable to make a reasonable estimate of the potential loss or range of losses, if any, arising from these matters. Shareholder Derivative Litigation regarding In re High Tech Employee Antitrust Litigation In March 2014, the Police Retirement System of St. Louis (PRSSL) filed a shareholder derivative action in the Superior Court of California in Santa Clara County against Intel, certain current and former members of our Board of Directors, and a current officer. The complaint alleges that the defendants breached their duties to the company by participating in, or allowing, purported antitrust violations, which were alleged in a now-settled antitrust class action lawsuit captioned In re High Tech Employee Antitrust Litigation claiming that Intel, Adobe Systems Incorporated, Apple Inc., Google Inc., Intuit Inc., Lucasfilm Ltd., and Pixar conspired to suppress their employees’ compensation. In March 2014, a second plaintiff, Barbara Templeton, filed a substantially similar derivative suit in the same court. In May 2014, a third shareholder, Robert Achermann, filed a substantially similar derivative action in the same court. The court consolidated the three actions into one, which is captioned In re Intel Corporation Shareholder Derivative Litigation . Plaintiffs filed a consolidated complaint in July 2014. In August 2015, the court granted our motion to dismiss the consolidated complaint. The plaintiffs thereafter filed a motion for reconsideration and a motion for new trial, both of which the court denied in October 2015. In November 2015, plaintiffs PRSSL and Templeton appealed the court's decision. In June 2015, the International Brotherhood of Electrical Workers (IBEW) filed a shareholder derivative action in the Chancery Court in Delaware against Intel, certain current and former members of our Board of Directors, and a current officer. The lawsuit makes allegations that are substantially similar to those in the California shareholder derivative litigation described above, but contain additional allegations regarding breach of the duty of disclosure surrounding the In re High Tech Employee Antitrust Litigation and that the Intel 2013 and 2014 proxy statements were false and misleading in that they misrepresented the effectiveness of the Board’s oversight of compliance issues at Intel and the Board’s compliance with Intel’s Code of Conduct and Board of Director Guidelines on Significant Corporate Governance Issues. In October 2015, the court stayed the IBEW lawsuit for six months pending further developments in the California case. In March 2016, Intel and IBEW entered into a stipulated dismissal pursuant to which IBEW dismissed its complaint but may re-file upon the withdrawal or final resolution of the appeal in the California shareholder derivative litigation. In April 2016, John Esposito filed a shareholder derivative action in the Superior Court of California in Santa Clara County against Intel, current members of our Board, and certain former officers and employees. Esposito made a demand on our Board in 2013 to investigate whether our officers or directors should be sued for their participation in the events described in In re High Tech Employee Antitrust Litigation. In November 2015, our Board decided not to take further action on Esposito’s demand based on the recommendation of the Audit Committee of the Board after its investigation of relevant facts and circumstances. Esposito seeks to set aside such decision, and alleges that the Board was not disinterested in making that decision and that the investigation was inadequate. McAfee, Inc. Shareholder Litigation On August 19, 2010, we announced that we had agreed to acquire all of the common stock of McAfee, Inc. (McAfee) for $48.00 per share. Four McAfee shareholders filed putative class-action lawsuits in Santa Clara County, California Superior Court challenging the proposed transaction. The cases were ordered consolidated in September 2010. Plaintiffs filed an amended complaint that named former McAfee board members, McAfee and Intel as defendants, and alleged that the McAfee board members breached their fiduciary duties and that McAfee and Intel aided and abetted those breaches of duty. The complaint requested rescission of the merger agreement, such other equitable relief as the court may deem proper, and an award of damages in an unspecified amount. In June 2012, the plaintiffs’ damages expert asserted that the value of a McAfee share for the purposes of assessing damages should be $62.08 . In January 2012, the court certified the action as a class action, appointed the Central Pension Laborers’ Fund to act as the class representative, and scheduled trial to begin in January 2013. In March 2012, defendants filed a petition with the California Court of Appeal for a writ of mandate to reverse the class certification order; the petition was denied in June 2012. In March 2012, at defendants’ request, the court held that plaintiffs were not entitled to a jury trial, and ordered a bench trial. In April 2012, plaintiffs filed a petition with the California Court of Appeal for a writ of mandate to reverse that order, which the court of appeal denied in July 2012. In August 2012, defendants filed a motion for summary judgment. The trial court granted that motion in November 2012, and entered final judgment in the case in February 2013. In April 2013, plaintiffs appealed the final judgment. Intel, McAfee, and McAfee’s board of directors filed an opposition to plaintiff’s appeal in December 2014. Because the resolution of the appeal may materially impact the scope and nature of the proceeding, we are unable to make a reasonable estimate of the potential loss or range of losses, if any, arising from this matter. We dispute the class-action claims and intend to continue to defend the lawsuit vigorously. |
Operating Segments Information
Operating Segments Information | 3 Months Ended |
Apr. 02, 2016 | |
Segment Reporting [Abstract] | |
Operating Segments Information [Text Block] | Note 22: Operating Segments Information Our operating segments in effect as of April 2, 2016 include: • Client Computing Group (CCG) • Intel Security Group (ISecG) • Data Center Group (DCG) • Programmable Solutions Group (PSG) • Internet of Things Group (IOTG) • All other • Non-Volatile Memory Solutions Group (NSG) • New Technology Group (NTG) During the first quarter of 2016, we formed PSG as a result of our acquisition of Altera. For further information, see " Note 8: Acquisitions ." Additionally, we formed NTG, which includes products designed for wearables, cameras, and other market segments (including drones), and determined Software and Services Group is no longer an operating segment. All prior-period amounts have been retrospectively adjusted to reflect the way we internally manage and monitor segment performance starting in fiscal year 2016 and include other minor reorganizations. The Chief Operating Decision Maker (CODM) is our CEO. The CODM allocates resources to and assesses the performance of each operating segment using information about its revenue and operating income (loss). We manage our business activities primarily based on a product segmentation basis. CCG and DCG are our reportable operating segments. IOTG, NSG, ISecG, and PSG as shown in the preceding operating segment list, do not meet the quantitative thresholds to qualify as reportable operating segments; however, we have elected to separately disclose the results of these non-reportable operating segments. Our NTG operating segment does not meet the quantitative thresholds to qualify as a reportable segment and its results are included within the “all other” category. Revenue for our reportable and non-reportable operating segments is primarily related to the following product lines: • Client Computing Group . Includes platforms designed for notebooks (including Ultrabook™ devices), 2 in 1 systems, desktops (including all-in-ones and high-end enthusiast PCs), tablets, phones, wireless and wired connectivity products, and mobile communication components. • Data Center Group. Includes platforms designed for the enterprise, cloud, communications infrastructure, and technical computing segments. • Internet of Things Group. Includes platforms designed for Internet of Things market segments, including retail, transportation, industrial, and buildings and home use, along with a broad range of other market segments. • Non-Volatile Memory Solutions Group. Includes NAND flash memory products primarily used in solid-state drives. • Intel Security Group. Includes security software products designed to deliver innovative solutions that secure computers, mobile devices, and networks around the world from the latest malware and emerging online threats. • Programmable Solutions Group. Includes programmable semiconductors (primary field-programmable gate array) and related products for a broad range of market segments, including communications, networking and storage, industrial, military, and automotive. We have sales and marketing, manufacturing, engineering, finance, and administration groups. Expenses for these groups are generally allocated to the operating segments, and the expenses are included in the following operating results. The “all other” category includes revenue, expenses, and charges such as: • results of operations from our New Technology Group; • amounts included within restructuring and asset impairment charges; • a portion of profit-dependent compensation and other expenses not allocated to the operating segments; • divested businesses for which discrete operating results are not regularly reviewed by our CODM; • results of operations of start-up businesses that support our initiatives, including our foundry business; and • acquisition-related costs, including amortization and any impairment of acquisition-related intangibles and goodwill. The CODM does not evaluate operating segments using discrete asset information. Operating segments do not record inter-segment revenue. We do not allocate gains and losses from equity investments, interest and other income, or taxes to operating segments. Although the CODM uses operating income to evaluate the segments, operating costs included in one segment may benefit other segments. Except for these differences, the accounting policies for segment reporting are the same as for Intel as a whole. Net revenue and operating income (loss) for each period were as follows: Three Months Ended (In Millions) Apr 2, Mar 28, Net revenue: Client Computing Group Platform $ 7,188 $ 7,049 Other 361 371 7,549 7,420 Data Center Group Platform 3,718 3,419 Other 281 262 3,999 3,681 Internet of Things Group Platform 571 462 Other 80 71 651 533 Non-Volatile Memory Solutions Group 557 592 Intel Security Group 537 479 Programmable Solutions Group 359 — All other 50 76 Total net revenue $ 13,702 $ 12,781 Operating income (loss): Client Computing Group $ 1,885 $ 1,411 Data Center Group 1,764 1,699 Internet of Things Group 123 87 Non-Volatile Memory Solutions Group (95 ) 72 Intel Security Group 85 15 Programmable Solutions Group (200 ) — All other (994 ) (669 ) Total operating income $ 2,568 $ 2,615 |
Fair Value (Tables)
Fair Value (Tables) | 3 Months Ended |
Apr. 02, 2016 | |
Fair Value Disclosures [Abstract] | |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | Assets and liabilities measured and recorded at fair value on a recurring basis at the end of each period were as follows: April 2, 2016 December 26, 2015 Fair Value Measured and Recorded at Reporting Date Using Fair Value Measured and Recorded at Reporting Date Using (In Millions) Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Assets Cash equivalents: Corporate debt $ — $ 288 $ — $ 288 $ — $ 1,829 $ — $ 1,829 Financial institution instruments 440 1,017 — 1,457 8,238 1,277 — 9,515 Government debt — 23 — 23 — 130 — 130 Reverse repurchase agreements — 418 — 418 — 2,368 — 2,368 Short-term investments: Corporate debt 292 909 21 1,222 336 764 20 1,120 Financial institution instruments 141 1,332 — 1,473 145 927 — 1,072 Government debt 74 158 — 232 65 425 — 490 Trading assets: Asset-backed securities — 226 29 255 — 275 94 369 Corporate debt 2,117 688 — 2,805 1,744 564 — 2,308 Financial institution instruments 971 719 — 1,690 930 701 — 1,631 Government debt 1,979 2,374 — 4,353 1,107 1,908 — 3,015 Other current assets: Derivative assets — 406 1 407 32 412 1 445 Loans receivable — 268 — 268 — 137 — 137 Marketable equity securities 6,318 59 — 6,377 5,891 69 — 5,960 Other long-term investments: Asset-backed securities — — — — — — 4 4 Corporate debt 436 1,183 — 1,619 407 801 — 1,208 Financial institution instruments 424 842 — 1,266 171 381 — 552 Government debt 115 97 — 212 79 48 — 127 Other long-term assets: Derivative assets — 153 56 209 — 30 10 40 Loans receivable — 455 — 455 — 342 — 342 Total assets measured and recorded at fair value $ 13,307 $ 11,615 $ 107 $ 25,029 $ 19,145 $ 13,388 $ 129 $ 32,662 Liabilities Other accrued liabilities: Derivative liabilities — 324 — 324 2 210 — 212 Other long-term liabilities: Derivative liabilities — 15 — 15 — 33 — 33 Total liabilities measured and recorded at fair value $ — $ 339 $ — $ 339 $ 2 $ 243 $ — $ 245 |
Financial Instruments Not Recorded At Fair Value On Recurring Basis [Table Text Block] | The carrying amounts and fair values of financial instruments not recorded at fair value on a recurring basis at the end of each period were as follows: April 2, 2016 (In Millions) Carrying Amount Fair Value Measured Using Fair Value Level 1 Level 2 Level 3 Grants receivable $ 591 $ — $ 594 $ — $ 594 Loans receivable $ 315 $ — $ 315 $ — $ 315 Non-marketable cost method investments $ 2,933 $ — $ — $ 3,704 $ 3,704 Reverse repurchase agreements $ 350 $ — $ 350 $ — $ 350 Short-term debt $ 3,519 $ 1,511 $ 2,583 $ — $ 4,094 Long-term debt $ 21,775 $ 15,084 $ 8,424 $ — $ 23,508 December 26, 2015 (In Millions) Carrying Amount Fair Value Measured Using Fair Value Level 1 Level 2 Level 3 Grants receivable $ 593 $ — $ 600 $ — $ 600 Loans receivable $ 315 $ — $ 315 $ — $ 315 Non-marketable cost method investments $ 2,933 $ — $ — $ 3,904 $ 3,904 Reverse repurchase agreements $ 1,000 $ — $ 1,000 $ — $ 1,000 Short-term debt $ 2,593 $ 1,513 $ 1,563 $ — $ 3,076 Long-term debt $ 20,036 $ 14,058 $ 6,835 $ — $ 20,893 NVIDIA Corporation cross-license agreement liability $ 199 $ — $ 200 $ — $ 200 |
Cash and Investments (Tables)
Cash and Investments (Tables) | 3 Months Ended |
Apr. 02, 2016 | |
Investments and Cash [Abstract] | |
Schedule of Total Cash and Investments [Table Text Block] | Cash and investments at the end of each period were as follows: (In Millions) Apr 2, Dec 26, Available-for-sale investments $ 14,169 $ 22,007 Cash 875 1,466 Equity method investments 1,593 1,590 Loans receivable 1,038 794 Non-marketable cost method investments 2,933 2,933 Reverse repurchase agreements 768 3,368 Trading assets 9,103 7,323 Total cash and investments $ 30,479 $ 39,481 |
Schedule of Available-For-Sale Securities [Line Items] | |
Schedule of Available-for-sale Securities Reconciliation [Table Text Block] | Available-for-sale investments at the end of each period were as follows: April 2, 2016 December 26, 2015 (In Millions) Adjusted Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Adjusted Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Asset-backed securities $ — $ — $ — $ — $ 5 $ — $ (1 ) $ 4 Corporate debt 3,133 5 (9 ) 3,129 4,164 3 (10 ) 4,157 Financial institution instruments 4,196 3 (3 ) 4,196 11,140 1 (2 ) 11,139 Government debt 467 — — 467 748 — (1 ) 747 Marketable equity securities 3,230 3,148 (1 ) 6,377 3,254 2,706 — 5,960 Total available-for-sale investments $ 11,026 $ 3,156 $ (13 ) $ 14,169 $ 19,311 $ 2,710 $ (14 ) $ 22,007 |
Available-for-sale Securities [Member] | |
Schedule of Available-For-Sale Securities [Line Items] | |
Investments Classified by Contractual Maturity Date [Table Text Block] | The amortized cost and fair value of available-for-sale debt investments, by contractual maturity, as of April 2, 2016 , were as follows: (In Millions) Cost Fair Value Due in 1 year or less $ 4,230 $ 4,229 Due in 1–2 years 1,835 1,834 Due in 2–5 years 1,266 1,264 Instruments not due at a single maturity date 465 465 Total $ 7,796 $ 7,792 |
Inventories (Tables)
Inventories (Tables) | 3 Months Ended |
Apr. 02, 2016 | |
Inventory, Net [Abstract] | |
Schedule of Inventory, Current [Table Text Block] | Inventories at the end of each period were as follows: (In Millions) Apr 2, Dec 26, Raw materials $ 628 $ 532 Work in process 2,980 2,893 Finished goods 2,143 1,742 Total inventories $ 5,751 $ 5,167 |
Derivative Financial Instrume32
Derivative Financial Instruments (Tables) | 3 Months Ended |
Apr. 02, 2016 | |
Derivative [Line Items] | |
Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block] | Total gross notional amounts for outstanding derivatives (recorded at fair value) at the end of each period were as follows: (In Millions) Apr 2, Dec 26, Mar 28, Currency forwards $ 10,744 $ 11,212 $ 16,192 Currency interest rate swaps 6,776 5,509 5,094 Embedded debt derivatives 3,600 3,600 3,600 Interest rate swaps 6,440 5,212 1,128 Total return swaps 1,129 1,061 1,106 Treasury rate lock agreements 1,500 — — Other 81 61 72 Total $ 30,270 $ 26,655 $ 27,192 The gross notional amounts for currency forwards and currency interest rate swaps (presented by currency) at the end of each period were as follows: (In Millions) Apr 2, Dec 26, Mar 28, Chinese yuan $ 2,231 $ 2,231 $ 4,079 Euro 5,496 6,084 7,332 Israeli shekel 1,852 1,674 2,010 Japanese yen 3,314 2,663 4,206 Other 4,627 4,069 3,659 Total $ 17,520 $ 16,721 $ 21,286 |
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block] | The fair value of our derivative instruments at the end of each period were as follows: April 2, 2016 December 26, 2015 (In Millions) Other Current Assets Other Long-Term Assets Other Accrued Liabilities Other Long-Term Liabilities Other Current Assets Other Long-Term Assets Other Accrued Liabilities Other Long-Term Liabilities Derivatives designated as hedging instruments: Currency forwards $ 181 $ 4 $ 10 $ — $ 20 $ 3 $ 83 $ 2 Interest rate swaps — 149 — — — 1 — 14 Currency interest rate swaps — 34 — — — 7 — — Other — — 13 — — — — — Total derivatives designated as hedging instruments 181 187 23 — 20 11 83 16 Derivatives not designated as hedging instruments: Currency forwards 29 1 68 — 20 — 63 — Currency interest rate swaps 194 10 215 2 370 18 52 — Embedded debt derivatives — — — 13 — — — 17 Interest rate swaps 2 — 18 — 2 — 12 — Total return swaps — — — — 32 — 2 — Other 1 11 — — 1 11 — — Total derivatives not designated as hedging instruments 226 22 301 15 425 29 129 17 Total derivatives $ 407 $ 209 $ 324 $ 15 $ 445 $ 40 $ 212 $ 33 |
Offsetting Assets And Liabilities [Table Text Block] | The gross amounts of our derivative instruments and reverse repurchase agreements subject to master netting arrangements with various counterparties, and cash and non-cash collateral posted under such agreements at the end of each period were as follows: April 2, 2016 Gross Amounts Not Offset in the Balance Sheet (In Millions) Gross Amounts Recognized Gross Amounts Offset in the Balance Sheet Net Amounts Presented in the Balance Sheet Financial Instruments Cash and Non-Cash Collateral Received or Pledged Net Amount Assets: Derivative assets subject to master netting arrangements $ 595 $ — $ 595 $ (267 ) $ (232 ) $ 96 Reverse repurchase agreements 768 — 768 — (768 ) — Total assets 1,363 — 1,363 (267 ) (1,000 ) 96 Liabilities: Derivative liabilities subject to master netting arrangements 338 — 338 (267 ) (71 ) — Total liabilities $ 338 $ — $ 338 $ (267 ) $ (71 ) $ — December 26, 2015 Gross Amounts Not Offset in the Balance Sheet (In Millions) Gross Amounts Recognized Gross Amounts Offset in the Balance Sheet Net Amounts Presented in the Balance Sheet Financial Instruments Cash and Non-Cash Collateral Received or Pledged Net Amount Assets: Derivative assets subject to master netting arrangements $ 482 $ — $ 482 $ (201 ) $ (188 ) $ 93 Reverse repurchase agreements 3,368 — 3,368 — (3,368 ) — Total assets 3,850 — 3,850 (201 ) (3,556 ) 93 Liabilities: Derivative liabilities subject to master netting arrangements 242 — 242 (201 ) (27 ) 14 Total liabilities $ 242 $ — $ 242 $ (201 ) $ (27 ) $ 14 |
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss) [Table Text Block] | The before-tax gains (losses), attributed to the effective portion of cash flow hedges, recognized in other comprehensive income (loss) for each period were as follows: Three Months Ended (In Millions) Apr 2, Mar 28, Currency forwards $ 229 $ (229 ) Currency interest rate swaps and other 14 — Total $ 243 $ (229 ) |
Not Designated as Hedging Instrument [Member] | |
Derivative [Line Items] | |
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block] | The effects of derivative instruments not designated as hedging instruments on the consolidated condensed statements of income for each period were as follows: Three Months Ended (In Millions) Location of Gains (Losses) Recognized in Income on Derivatives Apr 2, Mar 28, Currency forwards Interest and other, net $ (45 ) $ (18 ) Currency interest rate swaps Interest and other, net (193 ) 253 Interest rate swaps Interest and other, net (7 ) (6 ) Total return swaps Various 8 31 Other Gains (losses) on equity investments, net (1 ) (9 ) Other Interest and other, net 4 — Total $ (234 ) $ 251 |
Interest and other, net [Member] | Fair Value Hedging [Member] | |
Derivative [Line Items] | |
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block] | The effects of derivative instruments designated as fair value hedges, recognized in interest and other, net for each period were as follows: Three Months Ended (In Millions) Apr 2, Mar 28, Interest rate swap $ 162 $ — Hedged item (162 ) — Total $ — $ — |
Acquisitions (Tables)
Acquisitions (Tables) | 3 Months Ended |
Apr. 02, 2016 | |
Business Acquisition [Line Items] | |
Business Acquisition, Pro Forma Information [Table Text Block] | The pro forma financial results presented below do not include any anticipated synergies or other expected benefits of the acquisitions. This is presented for informational purposes only and is not indicative of future operations or results that would have been achieved had the acquisitions been completed as of the beginning of our 2015 fiscal year. Three Months Ended (In Millions, Except Per Share Amounts) Apr 2, Mar 28, Net revenue $ 13,801 $ 13,118 Net income $ 2,398 $ 1,599 Diluted earnings per share $ 0.49 $ 0.33 |
Altera Corporation [Member] | |
Business Acquisition [Line Items] | |
Schedule of Business Acquisitions, by Acquisition [Table Text Block] | Total consideration to acquire Altera was $14.5 billion (net of $2.0 billion of cash and cash equivalents acquired) and comprised the following: (In Millions) Cash, net of cash acquired $ 14,401 Share-based awards assumed 50 Total $ 14,451 |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] | The preliminary fair values of the assets acquired and liabilities assumed by major class in the acquisition of Altera were recognized as follows: (In Millions) Short-term investments $ 182 Receivables 368 Inventory 555 Other current assets 123 Property, plant & equipment 312 Goodwill 5,433 Identified intangible assets 7,566 Other long-term investments and assets 2,495 Deferred income (336 ) Other liabilities (263 ) Long-term debt (1,535 ) Deferred tax liabilities (449 ) Total $ 14,451 |
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block] | The identified intangible assets assumed in the acquisition of Altera were recognized as follows based upon their fair values as of December 28, 2015: Fair Value (In Millions) Weighted Average Estimated Useful Life (In Years) Developed technology $ 5,757 9 Customer relationships 1,121 12 Brands 87 6 Identified intangible assets subject to amortization $ 6,965 In-process research and development 601 Identified intangible assets not subject to amortization 601 Total identified intangible assets $ 7,566 |
Goodwill (Tables)
Goodwill (Tables) | 3 Months Ended |
Apr. 02, 2016 | |
Business Combination, Goodwill [Abstract] | |
Schedule of Goodwill [Table Text Block] | Goodwill activity for the first three months of 2016 was as follows: (In Millions) Dec 26, Acquisitions Transfers Other Apr 2, Client Computing Group $ 4,078 $ 12 $ 213 $ — $ 4,303 Data Center Group 2,404 2,438 177 — 5,019 Internet of Things Group 428 534 36 — 998 Non-Volatile Memory Solutions Group — — — — — Intel Security Group 3,599 — — 1 3,600 Software and Services Group 441 — (441 ) — — Programmable Solutions Group — 2,474 — 1 2,475 All other 382 150 15 — 547 Total $ 11,332 $ 5,608 $ — $ 2 $ 16,942 |
Identified Intangible Assets (T
Identified Intangible Assets (Tables) | 3 Months Ended |
Apr. 02, 2016 | |
Intangible Assets, Net (Excluding Goodwill) [Abstract] | |
Schedule Of Intangible Assets By Major Class [Table Text Block] | Identified intangible assets at the end of each period were as follows: April 2, 2016 (In Millions) Gross Assets Accumulated Net Acquisition-related developed technology $ 8,646 $ (2,430 ) $ 6,216 Acquisition-related customer relationships 2,842 (1,291 ) 1,551 Acquisition-related brands 146 (62 ) 84 Licensed technology and patents 3,001 (1,254 ) 1,747 Identified intangible assets subject to amortization 14,635 (5,037 ) 9,598 Acquisition-related brands 767 — 767 Other intangible assets 775 — 775 Identified intangible assets not subject to amortization 1,542 — 1,542 Total identified intangible assets $ 16,177 $ (5,037 ) $ 11,140 December 26, 2015 (In Millions) Gross Assets Accumulated Net Acquisition-related developed technology $ 2,928 $ (2,276 ) $ 652 Acquisition-related customer relationships 1,738 (1,219 ) 519 Acquisition-related brands 59 (55 ) 4 Licensed technology and patents 3,017 (1,200 ) 1,817 Identified intangible assets subject to amortization 7,742 (4,750 ) 2,992 Acquisition-related brands 767 — 767 Other intangible assets 174 — 174 Identified intangible assets not subject to amortization 941 — 941 Total identified intangible assets $ 8,683 $ (4,750 ) $ 3,933 |
Finite-lived Intangible Assets Amortization Expense [Table Text Block] | Amortization expenses, with presentation location on the consolidated condensed statements of income, for each period were as follows: Three Months Ended (In Millions) Location Apr 2, Mar 28, Acquisition-related developed technology Cost of sales $ 235 $ 120 Acquisition-related customer relationships Amortization of acquisition-related intangibles 83 60 Acquisition-related brands Amortization of acquisition-related intangibles 7 2 Licensed technology and patents Cost of sales 71 69 Total amortization expenses $ 396 $ 251 |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] | Based on identified intangible assets that are subject to amortization as of April 2, 2016 , we expect future amortization expenses for each period to be as follows: (In Millions) Remainder of 2016 2017 2018 2019 2020 Acquisition-related developed technology $ 702 $ 792 $ 779 $ 776 $ 742 Acquisition-related customer relationships 245 241 141 124 121 Acquisition-related brands 17 13 13 13 13 Licensed technology and patents 210 239 187 186 174 Total future amortization expenses $ 1,174 $ 1,285 $ 1,120 $ 1,099 $ 1,050 |
Other Long-Term Assets (Tables)
Other Long-Term Assets (Tables) | 3 Months Ended |
Apr. 02, 2016 | |
Other Assets, Noncurrent Disclosure [Abstract] | |
Schedule of Other Assets, Noncurrent [Table Text Block] | Other long-term assets at the end of each period were as follows: (In Millions) Apr 2, Dec 26, Equity method investments $ 1,593 $ 1,590 Non-marketable cost method investments 2,933 2,933 Non-current deferred tax assets 682 1,052 Pre-payments for property, plant and equipment 487 623 Loans receivable 755 642 Grants receivable 323 318 Reverse repurchase agreements 250 350 Other 847 657 Total other long-term assets $ 7,870 $ 8,165 |
Deferred Income (Tables)
Deferred Income (Tables) | 3 Months Ended |
Apr. 02, 2016 | |
Deferred Revenue [Abstract] | |
Deferred Revenue, by Arrangement, Disclosure [Table Text Block] | Deferred income at the end of each period was as follows: (In Millions) Apr 2, Dec 26, Deferred income on shipments of components to distributors $ 1,318 $ 920 Deferred income from software, services and other 1,314 1,268 Current deferred income 2,632 2,188 Non-current deferred income from software, services and other 482 530 Total deferred income $ 3,114 $ 2,718 |
Borrowings (Tables)
Borrowings (Tables) | 3 Months Ended |
Apr. 02, 2016 | |
Debt Disclosure [Abstract] | |
Schedule of Short-term Debt [Table Text Block] | Our short-term debt at the end of each period was as follows: (In Millions) Apr 2, Dec 26, Drafts payable $ 75 $ 41 Commercial paper 921 — Current portion of long-term debt 2,606 2,602 Less: debt issuance costs associated with the current portion of long-term debt (8 ) (9 ) Total short-term debt $ 3,594 $ 2,634 |
Schedule of Long-term Debt Instruments [Table Text Block] | Our long-term debt at the end of each period was as follows: (In Millions) Maturity Date Stated Interest Rate Apr 2, Dec 26, First quarter 2016 acquired Altera debt of $1.5 billion Senior notes May 2017 1.75% $ 501 $ — Senior notes November 2018 2.50% 606 — Senior notes November 2023 4.10% 426 — Fourth quarter 2015 debt issuance of $915 million Senior notes December 2045 4.70% 939 908 Fourth quarter 2015 Australian dollar-denominated debt issuance of A$800 million Senior notes 1 December 2019 3.25% 191 181 Senior notes 1 December 2022 4.00% 421 397 Third quarter 2015 debt issuance of $1.0 billion Senior notes August 2045 4.90% 1,028 1,009 Third quarter 2015 debt issuance of $7.0 billion Senior notes July 2020 2.45% 1,749 1,748 Senior notes July 2022 3.10% 1,030 996 Senior notes July 2025 3.70% 2,269 2,247 Senior notes July 2045 4.90% 1,999 1,998 2012 debt issuance of $6.2 billion Senior notes December 2017 1.35% 2,999 2,999 Senior notes December 2022 2.70% 1,548 1,492 Senior notes December 2032 4.00% 744 744 Senior notes December 2042 4.25% 925 924 2011 debt issuance of $5.0 billion Senior notes October 2016 1.95% 1,500 1,499 Senior notes October 2021 3.30% 1,998 1,997 Senior notes October 2041 4.80% 1,491 1,490 2009 debt issuance of $2.0 billion Junior subordinated convertible debentures August 2039 3.25% 1,106 1,103 2005 debt issuance of $1.6 billion Junior subordinated convertible debentures December 2035 2.95% 979 975 Long-term debt 24,449 22,707 Less: current portion of long-term debt (2,606 ) (2,602 ) Less: debt issuance costs (68 ) (69 ) Total long-term debt $ 21,775 $ 20,036 |
Employee Equity Incentive Pla39
Employee Equity Incentive Plans (Tables) | 3 Months Ended |
Apr. 02, 2016 | |
Employee Benefits and Share-based Compensation [Abstract] | |
Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block] | Restricted stock unit (RSU) activity in the first three months of 2016 was as follows: Number of RSUs (In Millions) Weighted Average Grant-Date Fair Value December 26, 2015 107.4 $ 26.93 Granted 8.3 $ 32.39 Assumed in acquisition 7.3 $ 33.79 Vested (5.3 ) $ 28.89 Forfeited (1.8 ) $ 27.47 April 2, 2016 115.9 $ 27.66 |
Gains (Losses) on Equity Inve40
Gains (Losses) on Equity Investments, Net (Tables) | 3 Months Ended |
Apr. 02, 2016 | |
Gains (Losses) on Equity Investments, Net [Abstract] | |
Schedule Of Gains (Losses) On Equity Investments, Net [Table Text Block] | The components of gains (losses) on equity investments, net for each period were as follows: Three Months Ended (In Millions) Apr 2, Mar 28, Share of equity method investee losses, net $ (8 ) $ (48 ) Impairments (29 ) (38 ) Gains on sales, net 96 46 Other, net (37 ) 72 Total gains (losses) on equity investments, net $ 22 $ 32 |
Interest and Other, Net (Tables
Interest and Other, Net (Tables) | 3 Months Ended |
Apr. 02, 2016 | |
Interest and Other, Net [Abstract] | |
Interest And Other, Net [Table Text Block] | The components of interest and other, net for each period were as follows: Three Months Ended (In Millions) Apr 2, Mar 28, Interest income $ 52 $ 32 Interest expense (208 ) (42 ) Other, net 74 36 Total interest and other, net $ (82 ) $ 26 |
Earnings Per Share (Tables)
Earnings Per Share (Tables) | 3 Months Ended |
Apr. 02, 2016 | |
Earnings Per Share [Abstract] | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | We computed our basic and diluted earnings per common share for each period as follows: Three Months Ended (In Millions, Except Per Share Amounts) Apr 2, Mar 28, Net income available to common stockholders $ 2,046 $ 1,992 Weighted average shares of common stock outstanding—basic 4,722 4,741 Dilutive effect of employee equity incentive plans 66 82 Dilutive effect of convertible debt 87 91 Weighted average shares of common stock outstanding—diluted 4,875 4,914 Basic earnings per share of common stock $ 0.43 $ 0.42 Diluted earnings per share of common stock $ 0.42 $ 0.41 |
Other Comprehensive Income (L43
Other Comprehensive Income (Loss) (Tables) | 3 Months Ended |
Apr. 02, 2016 | |
Equity [Abstract] | |
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | The changes in accumulated other comprehensive income (loss) by component and related tax effects in the first three months of 2016 were as follows: (In Millions) Unrealized Holding Gains (Losses) on Available-for-Sale Investments Deferred Tax Asset Valuation Allowance Unrealized Holding Gains (Losses) on Derivatives Prior Service Credits (Costs) Actuarial Gains (Losses) Foreign Currency Translation Adjustment Total December 26, 2015 $ 1,749 $ 8 $ (266 ) $ (40 ) $ (876 ) $ (515 ) $ 60 Other comprehensive income (loss) before reclassifications 532 — 243 — 6 2 783 Amounts reclassified out of accumulated other comprehensive income (loss) (85 ) — 22 2 12 — (49 ) Tax effects (156 ) (1 ) (78 ) — 1 — (234 ) Other comprehensive income (loss) 291 (1 ) 187 2 19 2 500 April 2, 2016 $ 2,040 $ 7 $ (79 ) $ (38 ) $ (857 ) $ (513 ) $ 560 |
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block] | The amounts reclassified out of accumulated other comprehensive income (loss) into the consolidated condensed statements of income, with presentation location, for each period were as follows: Income Before Taxes Impact Three Months Ended Comprehensive Income Components Apr 2, Mar 28, Location Unrealized holding gains (losses) on available-for-sale investments: $ (1 ) $ — Interest and other, net 86 54 Gains (losses) on equity investments, net 85 54 Unrealized holding gains (losses) on derivatives: Currency forwards (42 ) (43 ) Cost of sales (10 ) (47 ) Research and development (4 ) (9 ) Marketing, general and administrative Other instruments 34 — Interest and other, net (22 ) (99 ) Amortization of pension and postretirement benefit components: Prior service credits (costs) (2 ) (2 ) Actuarial gains (losses) (12 ) (14 ) (14 ) (16 ) Total amounts reclassified out of accumulated other comprehensive income (loss) $ 49 $ (61 ) |
Operating Segments Information
Operating Segments Information (Tables) | 3 Months Ended |
Apr. 02, 2016 | |
Segment Reporting [Abstract] | |
Schedule of Segment Reporting Information, by Segment [Table Text Block] | Net revenue and operating income (loss) for each period were as follows: Three Months Ended (In Millions) Apr 2, Mar 28, Net revenue: Client Computing Group Platform $ 7,188 $ 7,049 Other 361 371 7,549 7,420 Data Center Group Platform 3,718 3,419 Other 281 262 3,999 3,681 Internet of Things Group Platform 571 462 Other 80 71 651 533 Non-Volatile Memory Solutions Group 557 592 Intel Security Group 537 479 Programmable Solutions Group 359 — All other 50 76 Total net revenue $ 13,702 $ 12,781 Operating income (loss): Client Computing Group $ 1,885 $ 1,411 Data Center Group 1,764 1,699 Internet of Things Group 123 87 Non-Volatile Memory Solutions Group (95 ) 72 Intel Security Group 85 15 Programmable Solutions Group (200 ) — All other (994 ) (669 ) Total operating income $ 2,568 $ 2,615 |
Change in Accounting Estimate C
Change in Accounting Estimate Change in Accounting Estimate (Details) | 3 Months Ended | 12 Months Ended |
Apr. 02, 2016 | Dec. 26, 2015 | |
Operating Income (Loss) [Member] | Service Life [Member] | ||
Change in Accounting Estimate [Line Items] | ||
Change in Accounting Estimate, Financial Effect | $200 million | |
Net Income (Loss) [Member] | Service Life [Member] | ||
Change in Accounting Estimate [Line Items] | ||
Change in Accounting Estimate, Financial Effect | $150 million | |
Earnings per share [Member] | Service Life [Member] | ||
Change in Accounting Estimate [Line Items] | ||
Change in Accounting Estimate, Financial Effect | $ 0.03 | |
Machinery and Equipment [Member] | ||
Change in Accounting Estimate [Line Items] | ||
Property, Plant and Equipment, Useful Life | 5 years | 4 years |
Recent Accounting Standards Rec
Recent Accounting Standards Recent Accounting Standards (Details) - New Accounting Pronouncement, Early Adoption, Effect [Member] $ in Millions | Dec. 26, 2015USD ($) |
Current Deferred Tax Assets [Member] | |
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |
New Accounting Pronouncement or Change In Accounting Principle, Effect of Change on Assets | $ (2,000) |
Non-Current Deferred Tax Assets [Member] | |
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |
New Accounting Pronouncement or Change In Accounting Principle, Effect of Change on Assets | 430 |
Current Deferred Tax Liabilities [Member] | |
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |
New Accounting Pronouncement or Change in Accounting Principle, Effect of Change on Liabilities | (21) |
Non-Current Deferred Tax Liabilities [Member] | |
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |
New Accounting Pronouncement or Change in Accounting Principle, Effect of Change on Liabilities | $ (1,600) |
Fair Value (Detail)
Fair Value (Detail) - USD ($) $ in Millions | 1 Months Ended | |||
Jan. 31, 2011 | Apr. 02, 2016 | Dec. 26, 2015 | Mar. 28, 2015 | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Trading assets, Fair Value Disclosure | $ 9,103 | $ 7,323 | ||
Loans receivable | 1,038 | 794 | ||
Non-marketable cost method investments | 2,933 | 2,933 | ||
Reverse repurchase agreements | 768 | 3,368 | ||
Long-term debt | 21,775 | 20,036 | ||
Loss Contingency, Cross License Annual Payment Amount 2016 | $ 200 | |||
Fair Value, Measurements, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Assets, Fair Value Disclosure | 25,029 | 32,662 | ||
Liabilities, Fair Value Disclosure | 339 | 245 | ||
Carrying Amount [Member] | Not Recorded At Fair Value On Recurring Basis [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Grants Receivable | 591 | 593 | ||
Loans receivable | 315 | 315 | ||
Non-marketable cost method investments | 2,933 | 2,933 | ||
Reverse repurchase agreements | 350 | 1,000 | ||
Short-term debt | 3,519 | 2,593 | ||
Long-term debt | 21,775 | 20,036 | ||
Carrying Amount [Member] | Not Recorded At Fair Value On Recurring Basis [Member] | NVIDIA Corporation cross-license agreement liability [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Notes payable | 199 | |||
Fair Value [Member] | Not Recorded At Fair Value On Recurring Basis [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Grants Receivable, Fair Value Disclosure | 594 | 600 | ||
Loans receivable | 315 | 315 | ||
Non-marketable cost method investments, Fair Value Disclosure | 3,704 | 3,904 | ||
Reverse repurchase agreements | 350 | 1,000 | ||
Short-term debt, Fair Value Disclosure | 4,094 | 3,076 | ||
Long-term debt | 23,508 | 20,893 | ||
Fair Value [Member] | Not Recorded At Fair Value On Recurring Basis [Member] | NVIDIA Corporation cross-license agreement liability [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Notes payable, Fair Value Disclosure | 200 | |||
Corporate Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Trading assets, Fair Value Disclosure | 2,805 | 2,308 | ||
Financial Institution Instruments [Member] | Fair Value, Measurements, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Trading assets, Fair Value Disclosure | 1,690 | 1,631 | ||
Government Debt [Member] | Fair Value, Measurements, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Trading assets, Fair Value Disclosure | 4,353 | 3,015 | ||
Asset-Backed Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Trading assets, Fair Value Disclosure | 255 | 369 | ||
Marketable Equity Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Investments, Fair Value Disclosure | 6,377 | 5,960 | ||
Corporate Debt, Financial Institution Instruments, Government Debt, And Marketable Equity Securities [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Fair Value, Assets, Level 1 to Level 2 Transfers, Amount | 622 | $ 494 | ||
Fair Value, Assets, Level 2 to Level 1 Transfers, Amount | 233 | $ 398 | ||
Cash Equivalents [Member] | Fair Value, Measurements, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Reverse Repurchase Agreements, Fair Value Disclosure | 418 | 2,368 | ||
Cash Equivalents [Member] | Corporate Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Investments, Fair Value Disclosure | 288 | 1,829 | ||
Cash Equivalents [Member] | Financial Institution Instruments [Member] | Fair Value, Measurements, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Investments, Fair Value Disclosure | 1,457 | 9,515 | ||
Cash Equivalents [Member] | Government Debt [Member] | Fair Value, Measurements, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Investments, Fair Value Disclosure | 23 | 130 | ||
Short-Term Investments [Member] | Corporate Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Investments, Fair Value Disclosure | 1,222 | 1,120 | ||
Short-Term Investments [Member] | Financial Institution Instruments [Member] | Fair Value, Measurements, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Investments, Fair Value Disclosure | 1,473 | 1,072 | ||
Short-Term Investments [Member] | Government Debt [Member] | Fair Value, Measurements, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Investments, Fair Value Disclosure | 232 | 490 | ||
Other Current Assets [Member] | Fair Value, Measurements, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Derivative assets, Fair Value Disclosure | 407 | 445 | ||
Loans receivable, Fair Value Disclosure | 268 | 137 | ||
Other Long-Term Investments [Member] | Corporate Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Investments, Fair Value Disclosure | 1,619 | 1,208 | ||
Other Long-Term Investments [Member] | Financial Institution Instruments [Member] | Fair Value, Measurements, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Investments, Fair Value Disclosure | 1,266 | 552 | ||
Other Long-Term Investments [Member] | Government Debt [Member] | Fair Value, Measurements, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Investments, Fair Value Disclosure | 212 | 127 | ||
Other Long-Term Investments [Member] | Asset-Backed Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Investments, Fair Value Disclosure | 0 | 4 | ||
Other Long-Term Assets [Member] | Fair Value, Measurements, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Derivative assets, Fair Value Disclosure | 209 | 40 | ||
Loans receivable, Fair Value Disclosure | 455 | 342 | ||
Other Accrued Liabilities [Member] | Fair Value, Measurements, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Derivative liabilities, Fair Value Disclosure | 324 | 212 | ||
Other Long-Term Liabilities [Member] | Fair Value, Measurements, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Derivative liabilities, Fair Value Disclosure | 15 | 33 | ||
Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Assets, Fair Value Disclosure | 13,307 | 19,145 | ||
Liabilities, Fair Value Disclosure | 0 | 2 | ||
Level 1 [Member] | Fair Value [Member] | Not Recorded At Fair Value On Recurring Basis [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Grants Receivable, Fair Value Disclosure | 0 | 0 | ||
Loans receivable | 0 | 0 | ||
Non-marketable cost method investments, Fair Value Disclosure | 0 | 0 | ||
Reverse repurchase agreements | 0 | 0 | ||
Short-term debt, Fair Value Disclosure | 1,511 | 1,513 | ||
Long-term debt | 15,084 | 14,058 | ||
Level 1 [Member] | Fair Value [Member] | Not Recorded At Fair Value On Recurring Basis [Member] | NVIDIA Corporation cross-license agreement liability [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Notes payable, Fair Value Disclosure | 0 | |||
Level 1 [Member] | Corporate Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Trading assets, Fair Value Disclosure | 2,117 | 1,744 | ||
Level 1 [Member] | Financial Institution Instruments [Member] | Fair Value, Measurements, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Trading assets, Fair Value Disclosure | 971 | 930 | ||
Level 1 [Member] | Government Debt [Member] | Fair Value, Measurements, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Trading assets, Fair Value Disclosure | 1,979 | 1,107 | ||
Level 1 [Member] | Asset-Backed Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Trading assets, Fair Value Disclosure | 0 | 0 | ||
Level 1 [Member] | Marketable Equity Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Investments, Fair Value Disclosure | 6,318 | 5,891 | ||
Level 1 [Member] | Cash Equivalents [Member] | Fair Value, Measurements, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Reverse Repurchase Agreements, Fair Value Disclosure | 0 | 0 | ||
Level 1 [Member] | Cash Equivalents [Member] | Corporate Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Investments, Fair Value Disclosure | 0 | 0 | ||
Level 1 [Member] | Cash Equivalents [Member] | Financial Institution Instruments [Member] | Fair Value, Measurements, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Investments, Fair Value Disclosure | 440 | 8,238 | ||
Level 1 [Member] | Cash Equivalents [Member] | Government Debt [Member] | Fair Value, Measurements, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Investments, Fair Value Disclosure | 0 | 0 | ||
Level 1 [Member] | Short-Term Investments [Member] | Corporate Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Investments, Fair Value Disclosure | 292 | 336 | ||
Level 1 [Member] | Short-Term Investments [Member] | Financial Institution Instruments [Member] | Fair Value, Measurements, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Investments, Fair Value Disclosure | 141 | 145 | ||
Level 1 [Member] | Short-Term Investments [Member] | Government Debt [Member] | Fair Value, Measurements, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Investments, Fair Value Disclosure | 74 | 65 | ||
Level 1 [Member] | Other Current Assets [Member] | Fair Value, Measurements, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Derivative assets, Fair Value Disclosure | 0 | 32 | ||
Loans receivable, Fair Value Disclosure | 0 | 0 | ||
Level 1 [Member] | Other Long-Term Investments [Member] | Corporate Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Investments, Fair Value Disclosure | 436 | 407 | ||
Level 1 [Member] | Other Long-Term Investments [Member] | Financial Institution Instruments [Member] | Fair Value, Measurements, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Investments, Fair Value Disclosure | 424 | 171 | ||
Level 1 [Member] | Other Long-Term Investments [Member] | Government Debt [Member] | Fair Value, Measurements, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Investments, Fair Value Disclosure | 115 | 79 | ||
Level 1 [Member] | Other Long-Term Investments [Member] | Asset-Backed Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Investments, Fair Value Disclosure | 0 | 0 | ||
Level 1 [Member] | Other Long-Term Assets [Member] | Fair Value, Measurements, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Derivative assets, Fair Value Disclosure | 0 | 0 | ||
Loans receivable, Fair Value Disclosure | 0 | 0 | ||
Level 1 [Member] | Other Accrued Liabilities [Member] | Fair Value, Measurements, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Derivative liabilities, Fair Value Disclosure | 0 | 2 | ||
Level 1 [Member] | Other Long-Term Liabilities [Member] | Fair Value, Measurements, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Derivative liabilities, Fair Value Disclosure | 0 | 0 | ||
Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Assets, Fair Value Disclosure | 11,615 | 13,388 | ||
Liabilities, Fair Value Disclosure | 339 | 243 | ||
Level 2 [Member] | Fair Value [Member] | Not Recorded At Fair Value On Recurring Basis [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Grants Receivable, Fair Value Disclosure | 594 | 600 | ||
Loans receivable | 315 | 315 | ||
Non-marketable cost method investments, Fair Value Disclosure | 0 | 0 | ||
Reverse repurchase agreements | 350 | 1,000 | ||
Short-term debt, Fair Value Disclosure | 2,583 | 1,563 | ||
Long-term debt | 8,424 | 6,835 | ||
Level 2 [Member] | Fair Value [Member] | Not Recorded At Fair Value On Recurring Basis [Member] | NVIDIA Corporation cross-license agreement liability [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Notes payable, Fair Value Disclosure | 200 | |||
Level 2 [Member] | Corporate Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Trading assets, Fair Value Disclosure | 688 | 564 | ||
Level 2 [Member] | Financial Institution Instruments [Member] | Fair Value, Measurements, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Trading assets, Fair Value Disclosure | 719 | 701 | ||
Level 2 [Member] | Government Debt [Member] | Fair Value, Measurements, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Trading assets, Fair Value Disclosure | 2,374 | 1,908 | ||
Level 2 [Member] | Asset-Backed Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Trading assets, Fair Value Disclosure | 226 | 275 | ||
Level 2 [Member] | Marketable Equity Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Investments, Fair Value Disclosure | 59 | 69 | ||
Level 2 [Member] | Cash Equivalents [Member] | Fair Value, Measurements, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Reverse Repurchase Agreements, Fair Value Disclosure | 418 | 2,368 | ||
Level 2 [Member] | Cash Equivalents [Member] | Corporate Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Investments, Fair Value Disclosure | 288 | 1,829 | ||
Level 2 [Member] | Cash Equivalents [Member] | Financial Institution Instruments [Member] | Fair Value, Measurements, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Investments, Fair Value Disclosure | 1,017 | 1,277 | ||
Level 2 [Member] | Cash Equivalents [Member] | Government Debt [Member] | Fair Value, Measurements, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Investments, Fair Value Disclosure | 23 | 130 | ||
Level 2 [Member] | Short-Term Investments [Member] | Corporate Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Investments, Fair Value Disclosure | 909 | 764 | ||
Level 2 [Member] | Short-Term Investments [Member] | Financial Institution Instruments [Member] | Fair Value, Measurements, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Investments, Fair Value Disclosure | 1,332 | 927 | ||
Level 2 [Member] | Short-Term Investments [Member] | Government Debt [Member] | Fair Value, Measurements, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Investments, Fair Value Disclosure | 158 | 425 | ||
Level 2 [Member] | Other Current Assets [Member] | Fair Value, Measurements, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Derivative assets, Fair Value Disclosure | 406 | 412 | ||
Loans receivable, Fair Value Disclosure | 268 | 137 | ||
Level 2 [Member] | Other Long-Term Investments [Member] | Corporate Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Investments, Fair Value Disclosure | 1,183 | 801 | ||
Level 2 [Member] | Other Long-Term Investments [Member] | Financial Institution Instruments [Member] | Fair Value, Measurements, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Investments, Fair Value Disclosure | 842 | 381 | ||
Level 2 [Member] | Other Long-Term Investments [Member] | Government Debt [Member] | Fair Value, Measurements, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Investments, Fair Value Disclosure | 97 | 48 | ||
Level 2 [Member] | Other Long-Term Investments [Member] | Asset-Backed Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Investments, Fair Value Disclosure | 0 | 0 | ||
Level 2 [Member] | Other Long-Term Assets [Member] | Fair Value, Measurements, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Derivative assets, Fair Value Disclosure | 153 | 30 | ||
Loans receivable, Fair Value Disclosure | 455 | 342 | ||
Level 2 [Member] | Other Accrued Liabilities [Member] | Fair Value, Measurements, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Derivative liabilities, Fair Value Disclosure | 324 | 210 | ||
Level 2 [Member] | Other Long-Term Liabilities [Member] | Fair Value, Measurements, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Derivative liabilities, Fair Value Disclosure | 15 | 33 | ||
Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Assets, Fair Value Disclosure | 107 | 129 | ||
Liabilities, Fair Value Disclosure | 0 | 0 | ||
Level 3 [Member] | Fair Value [Member] | Not Recorded At Fair Value On Recurring Basis [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Grants Receivable, Fair Value Disclosure | 0 | 0 | ||
Loans receivable | 0 | 0 | ||
Non-marketable cost method investments, Fair Value Disclosure | 3,704 | 3,904 | ||
Reverse repurchase agreements | 0 | 0 | ||
Short-term debt, Fair Value Disclosure | 0 | 0 | ||
Long-term debt | 0 | 0 | ||
Level 3 [Member] | Fair Value [Member] | Not Recorded At Fair Value On Recurring Basis [Member] | NVIDIA Corporation cross-license agreement liability [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Notes payable, Fair Value Disclosure | 0 | |||
Level 3 [Member] | Corporate Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Trading assets, Fair Value Disclosure | 0 | 0 | ||
Level 3 [Member] | Financial Institution Instruments [Member] | Fair Value, Measurements, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Trading assets, Fair Value Disclosure | 0 | 0 | ||
Level 3 [Member] | Government Debt [Member] | Fair Value, Measurements, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Trading assets, Fair Value Disclosure | 0 | 0 | ||
Level 3 [Member] | Asset-Backed Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Trading assets, Fair Value Disclosure | 29 | 94 | ||
Level 3 [Member] | Marketable Equity Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Investments, Fair Value Disclosure | 0 | 0 | ||
Level 3 [Member] | Cash Equivalents [Member] | Fair Value, Measurements, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Reverse Repurchase Agreements, Fair Value Disclosure | 0 | 0 | ||
Level 3 [Member] | Cash Equivalents [Member] | Corporate Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Investments, Fair Value Disclosure | 0 | 0 | ||
Level 3 [Member] | Cash Equivalents [Member] | Financial Institution Instruments [Member] | Fair Value, Measurements, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Investments, Fair Value Disclosure | 0 | 0 | ||
Level 3 [Member] | Cash Equivalents [Member] | Government Debt [Member] | Fair Value, Measurements, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Investments, Fair Value Disclosure | 0 | 0 | ||
Level 3 [Member] | Short-Term Investments [Member] | Corporate Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Investments, Fair Value Disclosure | 21 | 20 | ||
Level 3 [Member] | Short-Term Investments [Member] | Financial Institution Instruments [Member] | Fair Value, Measurements, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Investments, Fair Value Disclosure | 0 | 0 | ||
Level 3 [Member] | Short-Term Investments [Member] | Government Debt [Member] | Fair Value, Measurements, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Investments, Fair Value Disclosure | 0 | 0 | ||
Level 3 [Member] | Other Current Assets [Member] | Fair Value, Measurements, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Derivative assets, Fair Value Disclosure | 1 | 1 | ||
Loans receivable, Fair Value Disclosure | 0 | 0 | ||
Level 3 [Member] | Other Long-Term Investments [Member] | Corporate Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Investments, Fair Value Disclosure | 0 | 0 | ||
Level 3 [Member] | Other Long-Term Investments [Member] | Financial Institution Instruments [Member] | Fair Value, Measurements, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Investments, Fair Value Disclosure | 0 | 0 | ||
Level 3 [Member] | Other Long-Term Investments [Member] | Government Debt [Member] | Fair Value, Measurements, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Investments, Fair Value Disclosure | 0 | 0 | ||
Level 3 [Member] | Other Long-Term Investments [Member] | Asset-Backed Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Investments, Fair Value Disclosure | 0 | 4 | ||
Level 3 [Member] | Other Long-Term Assets [Member] | Fair Value, Measurements, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Derivative assets, Fair Value Disclosure | 56 | 10 | ||
Loans receivable, Fair Value Disclosure | 0 | 0 | ||
Level 3 [Member] | Other Accrued Liabilities [Member] | Fair Value, Measurements, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Derivative liabilities, Fair Value Disclosure | 0 | 0 | ||
Level 3 [Member] | Other Long-Term Liabilities [Member] | Fair Value, Measurements, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Derivative liabilities, Fair Value Disclosure | $ 0 | $ 0 |
Cash and Investments (Detail)
Cash and Investments (Detail) - USD ($) $ in Millions | Apr. 02, 2016 | Dec. 26, 2015 |
Investments and Cash [Abstract] | ||
Available-for-sale investments | $ 14,169 | $ 22,007 |
Cash | 875 | 1,466 |
Equity method investments | 1,593 | 1,590 |
Loans receivable | 1,038 | 794 |
Non-marketable cost method investments | 2,933 | 2,933 |
Reverse repurchase agreements | 768 | 3,368 |
Trading assets | 9,103 | 7,323 |
Total cash and investments | $ 30,479 | $ 39,481 |
Cash and Investments, Available
Cash and Investments, Available-for-Sale Investments (Detail) - USD ($) $ in Millions | 3 Months Ended | ||
Apr. 02, 2016 | Mar. 28, 2015 | Dec. 26, 2015 | |
Available-for-sale Securities [Abstract] | |||
Fair Value | $ 7,792 | ||
Adjusted Cost, Total | 11,026 | $ 19,311 | |
Gross Unrealized Gains, Total | 3,156 | 2,710 | |
Gross Unrealized Losses, Total | (13) | (14) | |
Fair Value, Total | 14,169 | 22,007 | |
Available-for-sale Securities, Gross Realized Gains (Losses), Sale Proceeds | 2,900 | $ 43 | |
Available-for-sale Securities, Gross Realized Gains | 86 | 43 | |
Due in 1 year or less, Fair Value | 4,229 | ||
Due in 1-2 years, Fair Value | 1,834 | ||
Due in 2-5 years, Fair Value | 1,264 | ||
Instruments not due at a single maturity date, Fair Value | 465 | ||
Cash and Cash Equivalents [Member] | |||
Available-for-sale Securities [Abstract] | |||
Available-for-sale Securities, Gross Realized Gains (Losses), Sale Proceeds | 127 | $ 0 | |
Asset-Backed Securities [Member] | |||
Available-for-sale Securities [Abstract] | |||
Adjusted Cost | 0 | 5 | |
Gross Unrealized Gains | 0 | 0 | |
Gross Unrealized Losses | 0 | (1) | |
Fair Value | 0 | 4 | |
Corporate Debt Securities [Member] | |||
Available-for-sale Securities [Abstract] | |||
Adjusted Cost | 3,133 | 4,164 | |
Gross Unrealized Gains | 5 | 3 | |
Gross Unrealized Losses | (9) | (10) | |
Fair Value | 3,129 | 4,157 | |
Financial Institution Instruments [Member] | |||
Available-for-sale Securities [Abstract] | |||
Adjusted Cost | 4,196 | 11,140 | |
Gross Unrealized Gains | 3 | 1 | |
Gross Unrealized Losses | (3) | (2) | |
Fair Value | 4,196 | 11,139 | |
Government Debt [Member] | |||
Available-for-sale Securities [Abstract] | |||
Adjusted Cost | 467 | 748 | |
Gross Unrealized Gains | 0 | 0 | |
Gross Unrealized Losses | 0 | (1) | |
Fair Value | 467 | 747 | |
Marketable Equity Securities [Member] | |||
Available-for-sale Securities [Abstract] | |||
Adjusted Cost | 3,230 | 3,254 | |
Gross Unrealized Gains | 3,148 | 2,706 | |
Gross Unrealized Losses | (1) | 0 | |
Fair Value | 6,377 | $ 5,960 | |
Debt Securities [Member] | |||
Available-for-sale Securities [Abstract] | |||
Adjusted Cost | 7,796 | ||
Due in 1 year or less, Cost | 4,230 | ||
Due in 1-2 years, Cost | 1,835 | ||
Due in 2-5 years, Cost | 1,266 | ||
Instruments not due at a single maturity date, Cost | $ 465 |
Cash and Investments, Equity Me
Cash and Investments, Equity Method Investments (Detail) - USD ($) $ in Millions | 3 Months Ended | ||
Apr. 02, 2016 | Mar. 28, 2015 | Dec. 26, 2015 | |
Schedule of Equity Method Investments [Line Items] | |||
Carrying Value, equity method investments | $ 1,593 | $ 1,590 | |
Carrying Value, cost method investments | $ 2,933 | 2,933 | |
IM Flash Technologies, LLC [Member] | |||
Schedule of Equity Method Investments [Line Items] | |||
Ownership Percentage | 49.00% | ||
Carrying Value, equity method investments | $ 872 | 872 | |
Variable Interest Entity, Reporting Entity Involvement, Known Maximum Loss Exposure, Amount | $ 872 | ||
Percentage Of Purchase Commitment Of Production Output And Production Related Services | 49.00% | ||
Related Party Transactions [Abstract] | |||
Related Party Transaction, Purchases from Related Party | $ 100 | $ 95 | |
Due to Related Parties | $ 50 | 20 | |
Cloudera, Inc. [Member] | |||
Schedule of Equity Method Investments [Line Items] | |||
Ownership Percentage | 17.00% | ||
Carrying Value, equity method investments | $ 250 | 256 | |
Carrying Value, cost method investments | $ 454 | $ 454 |
Cash and Investments, Non-marke
Cash and Investments, Non-marketable Cost Method Investments (Details) $ in Millions, ¥ in Billions | Apr. 02, 2016CNY (¥) | Apr. 02, 2016USD ($) | Dec. 26, 2015USD ($) |
Schedule of Cost-method Investments [Line Items] | |||
Carrying Value, cost method investments | $ 2,933 | $ 2,933 | |
Beijing UniSpreadtrum Technology Ltd. [Member] | Subject To Regulatory Approvals And Other Closing Conditions [Member] | |||
Schedule of Cost-method Investments [Line Items] | |||
Carrying Value, cost method investments | ¥ 9 | $ 1,500 | |
Cost Method Investment, Ownership Percentage | 20.00% | 20.00% | |
Beijing UniSpreadtrum Technology Ltd Phase One [Member] | |||
Schedule of Cost-method Investments [Line Items] | |||
Carrying Value, cost method investments | $ 966 | ||
Beijing UniSpreadtrum Technology Ltd. Phase Two [Member] | Subject To Regulatory Approvals And Other Closing Conditions [Member] | |||
Schedule of Cost-method Investments [Line Items] | |||
Carrying Value, cost method investments | $ 500 |
Cash and Investments, Trading A
Cash and Investments, Trading Assets (Detail) - Debt Securities [Member] - USD ($) $ in Millions | 3 Months Ended | |
Apr. 02, 2016 | Mar. 28, 2015 | |
Schedule Of Trading Securities And Other Trading Assets [Line Items] | ||
Trading Securities, Change in Unrealized Holding Gain (Loss) | $ 243 | $ (200) |
Net gains (losses) on derivatives related to trading securities | $ (234) | $ 194 |
Inventories (Detail)
Inventories (Detail) - USD ($) $ in Millions | Apr. 02, 2016 | Dec. 26, 2015 |
Inventory, Net, Items Net of Reserve Alternative [Abstract] | ||
Raw materials | $ 628 | $ 532 |
Work in process | 2,980 | 2,893 |
Finished goods | 2,143 | 1,742 |
Total inventories | $ 5,751 | $ 5,167 |
Derivative Financial Instrume54
Derivative Financial Instruments (Detail) - USD ($) $ in Millions | 3 Months Ended | ||
Apr. 02, 2016 | Mar. 28, 2015 | Dec. 26, 2015 | |
Notional Disclosures [Abstract] | |||
Derivative, Notional Amount | $ 30,270 | $ 27,192 | $ 26,655 |
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract] | |||
Derivative Assets Subject To Master Netting Arrangements, Gross Amounts Recognized | 595 | 482 | |
Derivative Liabilities Subject To Master Netting Arrangements, Gross Amounts Recognized | 338 | 242 | |
Offsetting Derivative Assets [Abstract] | |||
Derivative Assets Subject To Master Netting Arrangements, Gross Amounts Offset In The Balance Sheet | 0 | 0 | |
Derivative Assets Subject To Master Netting Arrangements, Net Amounts Presented In The Balance Sheet | 595 | 482 | |
Derivative Assets Subject To Master Netting Arrangements, Gross Amounts Not Offset In The Balance Sheet - Financial Instruments | (267) | (201) | |
Derivative Assets Subject To Master Netting Arrangements, Gross Amounts Not Offset In The Balance Sheet - Cash And Non-Cash Collateral Received Or Pledged | (232) | (188) | |
Derivative Assets Subject To Master Netting Arrangements, Net Amount | 96 | 93 | |
Reverse Repurchase Agreements, Gross Amounts Recognized | 768 | 3,368 | |
Reverse Repurchase Agreements, Gross Amounts Offset In The Balance Sheet | 0 | 0 | |
Reverse Repurchase Agreements, Net Amounts Presented In The Balance Sheet | 768 | 3,368 | |
Reverse Repurchase Agreements, Gross Amounts Not Offset In The Balance Sheet - Financial Instruments | 0 | 0 | |
Reverse Repurchase Agreements, Gross Amounts Not Offset In The Balance Sheet - Cash And Non-Cash Collateral Received Or Pledged | (768) | (3,368) | |
Reverse Repurchase Agreements, Net Amount | 0 | 0 | |
Total Assets, Gross Amounts Recognized | 1,363 | 3,850 | |
Total Assets, Gross Amounts Offset In The Balance Sheet | 0 | 0 | |
Total Assets, Net Amounts Presented In The Balance Sheet | 1,363 | 3,850 | |
Total Assets, Gross Amounts Not Offset In The Balance Sheet - Financial Instruments | (267) | (201) | |
Total Assets, Gross Amounts Not Offset In The Balance Sheet - Cash and Non-Cash Collateral Received Or Pledged | (1,000) | (3,556) | |
Total Assets, Net Amount | 96 | 93 | |
Offsetting Derivative Liabilities [Abstract] | |||
Derivative Liabilities Subject To Master Netting Arrangements, Gross Amounts Offset In The Balance Sheet | 0 | 0 | |
Derivative Liabilities Subject To Master Netting Arrangements, Net Amounts Presented In The Balance Sheet | 338 | 242 | |
Derivative Liabilities Subject To Master Netting Arrangements, Gross Amounts Offset In The Balance Sheet - Financial Instruments | (267) | (201) | |
Derivative Liabilities Subject To Master Netting Arrangements, Gross Amounts Offset In The Balance Sheet - Cash And Non-Cash Collateral Received Or Pledged | (71) | (27) | |
Derivative Liabilities Subject To Master Netting Arrangements, Net Amount | 0 | 14 | |
Total Liabilities, Gross Amounts Recognized | 338 | 242 | |
Total Liabilities, Gross Amounts Offset In The Balance Sheet | 0 | 0 | |
Total Liabilities, Net Amounts Presented In The Balance Sheet | 338 | 242 | |
Total Liabilities, Gross Amounts Not Offset In The Balance Sheet - Financial Instruments | (267) | (201) | |
Total Liabilities, Gross Amounts Not Offset In The Balance Sheet - Cash and Non-Cash Collateral Received Or Pledged | (71) | (27) | |
Total Liabilities, Net Amount | 0 | 14 | |
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net [Abstract] | |||
Gains (Losses) Recognized in Other Comprehensive Income (Loss) on Derivatives (Effective Portion) | 243 | (229) | |
Effect of Fair Value Hedges on Results of Operations [Abstract] | |||
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge | (162) | 0 | |
Net Change In Unrealized Gain Loss Recognized In Income Statement On Fair Value Hedging Instruments And On Hedged Item In Fair Value Hedge | 0 | 0 | |
Not Designated as Hedging Instrument [Member] | |||
Derivative Instruments Not Designated as Hedging Instruments [Abstract] | |||
Gains (Losses) Recognized in Income On Derivatives | (234) | 251 | |
Fair Value Hedging [Member] | |||
Effect of Fair Value Hedges on Results of Operations [Abstract] | |||
Derivative, Net Hedge Ineffectiveness Gain (Loss) | 0 | 0 | |
Other Current Assets [Member] | |||
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract] | |||
Derivative Assets Subject To Master Netting Arrangements, Gross Amounts Recognized | 407 | 445 | |
Other Current Assets [Member] | Designated as Hedging Instrument [Member] | |||
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract] | |||
Derivative Assets Subject To Master Netting Arrangements, Gross Amounts Recognized | 181 | 20 | |
Other Current Assets [Member] | Not Designated as Hedging Instrument [Member] | |||
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract] | |||
Derivative Assets Subject To Master Netting Arrangements, Gross Amounts Recognized | 226 | 425 | |
Other Long-Term Assets [Member] | |||
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract] | |||
Derivative Assets Subject To Master Netting Arrangements, Gross Amounts Recognized | 209 | 40 | |
Other Long-Term Assets [Member] | Designated as Hedging Instrument [Member] | |||
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract] | |||
Derivative Assets Subject To Master Netting Arrangements, Gross Amounts Recognized | 187 | 11 | |
Other Long-Term Assets [Member] | Not Designated as Hedging Instrument [Member] | |||
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract] | |||
Derivative Assets Subject To Master Netting Arrangements, Gross Amounts Recognized | 22 | 29 | |
Other Accrued Liabilities [Member] | |||
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract] | |||
Derivative Liabilities Subject To Master Netting Arrangements, Gross Amounts Recognized | 324 | 212 | |
Other Accrued Liabilities [Member] | Designated as Hedging Instrument [Member] | |||
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract] | |||
Derivative Liabilities Subject To Master Netting Arrangements, Gross Amounts Recognized | 23 | 83 | |
Other Accrued Liabilities [Member] | Not Designated as Hedging Instrument [Member] | |||
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract] | |||
Derivative Liabilities Subject To Master Netting Arrangements, Gross Amounts Recognized | 301 | 129 | |
Other Long-Term Liabilities [Member] | |||
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract] | |||
Derivative Liabilities Subject To Master Netting Arrangements, Gross Amounts Recognized | 15 | 33 | |
Other Long-Term Liabilities [Member] | Designated as Hedging Instrument [Member] | |||
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract] | |||
Derivative Liabilities Subject To Master Netting Arrangements, Gross Amounts Recognized | 0 | 16 | |
Other Long-Term Liabilities [Member] | Not Designated as Hedging Instrument [Member] | |||
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract] | |||
Derivative Liabilities Subject To Master Netting Arrangements, Gross Amounts Recognized | 15 | 17 | |
Currency Forwards [Member] | |||
Notional Disclosures [Abstract] | |||
Derivative, Notional Amount | 10,744 | 16,192 | 11,212 |
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net [Abstract] | |||
Gains (Losses) Recognized in Other Comprehensive Income (Loss) on Derivatives (Effective Portion) | 229 | (229) | |
Currency Forwards [Member] | Not Designated as Hedging Instrument [Member] | Interest and Other, Net [Member] | |||
Derivative Instruments Not Designated as Hedging Instruments [Abstract] | |||
Gains (Losses) Recognized in Income On Derivatives | (45) | (18) | |
Currency Forwards [Member] | Other Current Assets [Member] | Designated as Hedging Instrument [Member] | |||
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract] | |||
Derivative Assets Subject To Master Netting Arrangements, Gross Amounts Recognized | 181 | 20 | |
Currency Forwards [Member] | Other Current Assets [Member] | Not Designated as Hedging Instrument [Member] | |||
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract] | |||
Derivative Assets Subject To Master Netting Arrangements, Gross Amounts Recognized | 29 | 20 | |
Currency Forwards [Member] | Other Long-Term Assets [Member] | Designated as Hedging Instrument [Member] | |||
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract] | |||
Derivative Assets Subject To Master Netting Arrangements, Gross Amounts Recognized | 4 | 3 | |
Currency Forwards [Member] | Other Long-Term Assets [Member] | Not Designated as Hedging Instrument [Member] | |||
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract] | |||
Derivative Assets Subject To Master Netting Arrangements, Gross Amounts Recognized | 1 | 0 | |
Currency Forwards [Member] | Other Accrued Liabilities [Member] | Designated as Hedging Instrument [Member] | |||
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract] | |||
Derivative Liabilities Subject To Master Netting Arrangements, Gross Amounts Recognized | 10 | 83 | |
Currency Forwards [Member] | Other Accrued Liabilities [Member] | Not Designated as Hedging Instrument [Member] | |||
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract] | |||
Derivative Liabilities Subject To Master Netting Arrangements, Gross Amounts Recognized | 68 | 63 | |
Currency Forwards [Member] | Other Long-Term Liabilities [Member] | Designated as Hedging Instrument [Member] | |||
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract] | |||
Derivative Liabilities Subject To Master Netting Arrangements, Gross Amounts Recognized | 0 | 2 | |
Currency Forwards [Member] | Other Long-Term Liabilities [Member] | Not Designated as Hedging Instrument [Member] | |||
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract] | |||
Derivative Liabilities Subject To Master Netting Arrangements, Gross Amounts Recognized | 0 | 0 | |
Currency Interest Rate Swaps [Member] | |||
Notional Disclosures [Abstract] | |||
Derivative, Notional Amount | 6,776 | 5,094 | 5,509 |
Currency Interest Rate Swaps [Member] | Not Designated as Hedging Instrument [Member] | Interest and Other, Net [Member] | |||
Derivative Instruments Not Designated as Hedging Instruments [Abstract] | |||
Gains (Losses) Recognized in Income On Derivatives | (193) | 253 | |
Currency Interest Rate Swaps [Member] | Other Current Assets [Member] | Designated as Hedging Instrument [Member] | |||
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract] | |||
Derivative Assets Subject To Master Netting Arrangements, Gross Amounts Recognized | 0 | 0 | |
Currency Interest Rate Swaps [Member] | Other Current Assets [Member] | Not Designated as Hedging Instrument [Member] | |||
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract] | |||
Derivative Assets Subject To Master Netting Arrangements, Gross Amounts Recognized | 194 | 370 | |
Currency Interest Rate Swaps [Member] | Other Long-Term Assets [Member] | Designated as Hedging Instrument [Member] | |||
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract] | |||
Derivative Assets Subject To Master Netting Arrangements, Gross Amounts Recognized | 34 | 7 | |
Currency Interest Rate Swaps [Member] | Other Long-Term Assets [Member] | Not Designated as Hedging Instrument [Member] | |||
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract] | |||
Derivative Assets Subject To Master Netting Arrangements, Gross Amounts Recognized | 10 | 18 | |
Currency Interest Rate Swaps [Member] | Other Accrued Liabilities [Member] | Designated as Hedging Instrument [Member] | |||
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract] | |||
Derivative Liabilities Subject To Master Netting Arrangements, Gross Amounts Recognized | 0 | 0 | |
Currency Interest Rate Swaps [Member] | Other Accrued Liabilities [Member] | Not Designated as Hedging Instrument [Member] | |||
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract] | |||
Derivative Liabilities Subject To Master Netting Arrangements, Gross Amounts Recognized | 215 | 52 | |
Currency Interest Rate Swaps [Member] | Other Long-Term Liabilities [Member] | Designated as Hedging Instrument [Member] | |||
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract] | |||
Derivative Liabilities Subject To Master Netting Arrangements, Gross Amounts Recognized | 0 | 0 | |
Currency Interest Rate Swaps [Member] | Other Long-Term Liabilities [Member] | Not Designated as Hedging Instrument [Member] | |||
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract] | |||
Derivative Liabilities Subject To Master Netting Arrangements, Gross Amounts Recognized | 2 | 0 | |
Embedded Debt Derivatives [Member] | |||
Notional Disclosures [Abstract] | |||
Derivative, Notional Amount | 3,600 | 3,600 | 3,600 |
Embedded Debt Derivatives [Member] | Other Current Assets [Member] | Not Designated as Hedging Instrument [Member] | |||
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract] | |||
Derivative Assets Subject To Master Netting Arrangements, Gross Amounts Recognized | 0 | 0 | |
Embedded Debt Derivatives [Member] | Other Long-Term Assets [Member] | Not Designated as Hedging Instrument [Member] | |||
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract] | |||
Derivative Assets Subject To Master Netting Arrangements, Gross Amounts Recognized | 0 | 0 | |
Embedded Debt Derivatives [Member] | Other Accrued Liabilities [Member] | Not Designated as Hedging Instrument [Member] | |||
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract] | |||
Derivative Liabilities Subject To Master Netting Arrangements, Gross Amounts Recognized | 0 | 0 | |
Embedded Debt Derivatives [Member] | Other Long-Term Liabilities [Member] | Not Designated as Hedging Instrument [Member] | |||
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract] | |||
Derivative Liabilities Subject To Master Netting Arrangements, Gross Amounts Recognized | 13 | 17 | |
Interest Rate Swaps [Member] | |||
Notional Disclosures [Abstract] | |||
Derivative, Notional Amount | 6,440 | 1,128 | 5,212 |
Effect of Fair Value Hedges on Results of Operations [Abstract] | |||
Change in Unrealized Gain (Loss) on Fair Value Hedging Instruments | 162 | 0 | |
Interest Rate Swaps [Member] | Not Designated as Hedging Instrument [Member] | Interest and Other, Net [Member] | |||
Derivative Instruments Not Designated as Hedging Instruments [Abstract] | |||
Gains (Losses) Recognized in Income On Derivatives | (7) | (6) | |
Interest Rate Swaps [Member] | Other Current Assets [Member] | Designated as Hedging Instrument [Member] | |||
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract] | |||
Derivative Assets Subject To Master Netting Arrangements, Gross Amounts Recognized | 0 | 0 | |
Interest Rate Swaps [Member] | Other Current Assets [Member] | Not Designated as Hedging Instrument [Member] | |||
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract] | |||
Derivative Assets Subject To Master Netting Arrangements, Gross Amounts Recognized | 2 | 2 | |
Interest Rate Swaps [Member] | Other Long-Term Assets [Member] | Designated as Hedging Instrument [Member] | |||
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract] | |||
Derivative Assets Subject To Master Netting Arrangements, Gross Amounts Recognized | 149 | 1 | |
Interest Rate Swaps [Member] | Other Long-Term Assets [Member] | Not Designated as Hedging Instrument [Member] | |||
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract] | |||
Derivative Assets Subject To Master Netting Arrangements, Gross Amounts Recognized | 0 | 0 | |
Interest Rate Swaps [Member] | Other Accrued Liabilities [Member] | Designated as Hedging Instrument [Member] | |||
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract] | |||
Derivative Liabilities Subject To Master Netting Arrangements, Gross Amounts Recognized | 0 | 0 | |
Interest Rate Swaps [Member] | Other Accrued Liabilities [Member] | Not Designated as Hedging Instrument [Member] | |||
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract] | |||
Derivative Liabilities Subject To Master Netting Arrangements, Gross Amounts Recognized | 18 | 12 | |
Interest Rate Swaps [Member] | Other Long-Term Liabilities [Member] | Designated as Hedging Instrument [Member] | |||
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract] | |||
Derivative Liabilities Subject To Master Netting Arrangements, Gross Amounts Recognized | 0 | 14 | |
Interest Rate Swaps [Member] | Other Long-Term Liabilities [Member] | Not Designated as Hedging Instrument [Member] | |||
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract] | |||
Derivative Liabilities Subject To Master Netting Arrangements, Gross Amounts Recognized | 0 | 0 | |
Total Return Swaps [Member] | |||
Notional Disclosures [Abstract] | |||
Derivative, Notional Amount | 1,129 | 1,106 | 1,061 |
Total Return Swaps [Member] | Not Designated as Hedging Instrument [Member] | Various [Member] | |||
Derivative Instruments Not Designated as Hedging Instruments [Abstract] | |||
Gains (Losses) Recognized in Income On Derivatives | 8 | 31 | |
Total Return Swaps [Member] | Other Current Assets [Member] | Not Designated as Hedging Instrument [Member] | |||
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract] | |||
Derivative Assets Subject To Master Netting Arrangements, Gross Amounts Recognized | 0 | 32 | |
Total Return Swaps [Member] | Other Long-Term Assets [Member] | Not Designated as Hedging Instrument [Member] | |||
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract] | |||
Derivative Assets Subject To Master Netting Arrangements, Gross Amounts Recognized | 0 | 0 | |
Total Return Swaps [Member] | Other Accrued Liabilities [Member] | Not Designated as Hedging Instrument [Member] | |||
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract] | |||
Derivative Liabilities Subject To Master Netting Arrangements, Gross Amounts Recognized | 0 | 2 | |
Total Return Swaps [Member] | Other Long-Term Liabilities [Member] | Not Designated as Hedging Instrument [Member] | |||
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract] | |||
Derivative Liabilities Subject To Master Netting Arrangements, Gross Amounts Recognized | 0 | 0 | |
Treasury Lock [Member] | |||
Notional Disclosures [Abstract] | |||
Derivative, Notional Amount | 1,500 | 0 | 0 |
Other Derivative Instruments [Member] | |||
Notional Disclosures [Abstract] | |||
Derivative, Notional Amount | 81 | 72 | 61 |
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net [Abstract] | |||
Gains (Losses) Recognized in Other Comprehensive Income (Loss) on Derivatives (Effective Portion) | 14 | 0 | |
Other Derivative Instruments [Member] | Not Designated as Hedging Instrument [Member] | Interest and Other, Net [Member] | |||
Derivative Instruments Not Designated as Hedging Instruments [Abstract] | |||
Gains (Losses) Recognized in Income On Derivatives | 4 | 0 | |
Other Derivative Instruments [Member] | Not Designated as Hedging Instrument [Member] | Gains (Losses) On Equity Investments, Net [Member] | |||
Derivative Instruments Not Designated as Hedging Instruments [Abstract] | |||
Gains (Losses) Recognized in Income On Derivatives | (1) | (9) | |
Other Derivative Instruments [Member] | Other Current Assets [Member] | Designated as Hedging Instrument [Member] | |||
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract] | |||
Derivative Assets Subject To Master Netting Arrangements, Gross Amounts Recognized | 0 | 0 | |
Other Derivative Instruments [Member] | Other Current Assets [Member] | Not Designated as Hedging Instrument [Member] | |||
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract] | |||
Derivative Assets Subject To Master Netting Arrangements, Gross Amounts Recognized | 1 | 1 | |
Other Derivative Instruments [Member] | Other Long-Term Assets [Member] | Designated as Hedging Instrument [Member] | |||
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract] | |||
Derivative Assets Subject To Master Netting Arrangements, Gross Amounts Recognized | 0 | 0 | |
Other Derivative Instruments [Member] | Other Long-Term Assets [Member] | Not Designated as Hedging Instrument [Member] | |||
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract] | |||
Derivative Assets Subject To Master Netting Arrangements, Gross Amounts Recognized | 11 | 11 | |
Other Derivative Instruments [Member] | Other Accrued Liabilities [Member] | Designated as Hedging Instrument [Member] | |||
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract] | |||
Derivative Liabilities Subject To Master Netting Arrangements, Gross Amounts Recognized | 13 | 0 | |
Other Derivative Instruments [Member] | Other Accrued Liabilities [Member] | Not Designated as Hedging Instrument [Member] | |||
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract] | |||
Derivative Liabilities Subject To Master Netting Arrangements, Gross Amounts Recognized | 0 | 0 | |
Other Derivative Instruments [Member] | Other Long-Term Liabilities [Member] | Designated as Hedging Instrument [Member] | |||
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract] | |||
Derivative Liabilities Subject To Master Netting Arrangements, Gross Amounts Recognized | 0 | 0 | |
Other Derivative Instruments [Member] | Other Long-Term Liabilities [Member] | Not Designated as Hedging Instrument [Member] | |||
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract] | |||
Derivative Liabilities Subject To Master Netting Arrangements, Gross Amounts Recognized | 0 | 0 | |
Currency Exchange Rate Derivatives [Member] | |||
Notional Disclosures [Abstract] | |||
Derivative, Notional Amount | 17,520 | 21,286 | 16,721 |
Currency Exchange Rate Derivatives [Member] | Chinese Yuan [Member] | |||
Notional Disclosures [Abstract] | |||
Derivative, Notional Amount | 2,231 | 4,079 | 2,231 |
Currency Exchange Rate Derivatives [Member] | Euro [Member] | |||
Notional Disclosures [Abstract] | |||
Derivative, Notional Amount | 5,496 | 7,332 | 6,084 |
Currency Exchange Rate Derivatives [Member] | Israeli Shekel [Member] | |||
Notional Disclosures [Abstract] | |||
Derivative, Notional Amount | 1,852 | 2,010 | 1,674 |
Currency Exchange Rate Derivatives [Member] | Japanese Yen [Member] | |||
Notional Disclosures [Abstract] | |||
Derivative, Notional Amount | 3,314 | 4,206 | 2,663 |
Currency Exchange Rate Derivatives [Member] | Other Currencies [Member] | |||
Notional Disclosures [Abstract] | |||
Derivative, Notional Amount | $ 4,627 | $ 3,659 | $ 4,069 |
Acquisitions (Detail)
Acquisitions (Detail) - USD ($) $ in Millions | 3 Months Ended | ||
Apr. 02, 2016 | Dec. 28, 2015 | Dec. 26, 2015 | |
Business Acquisition [Line Items] | |||
Goodwill | $ 16,942 | $ 11,332 | |
Series of Individually Immaterial Business Acquisitions [Member] | |||
Business Acquisition [Line Items] | |||
Business Combination, Consideration Transferred | 180 | ||
Altera Corporation [Member] | |||
Business Acquisition [Line Items] | |||
Goodwill | $ 5,433 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | 6,965 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Indefinite-Lived Intangible Assets | 601 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net | 14,451 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities Noncurrent | 449 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-term Debt | 1,535 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Other | 263 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Deferred Revenue | 336 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets | 2,495 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill | 7,566 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment | 312 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Other | 123 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Inventory | 555 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Receivables | 368 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Short-term Investments | 182 | ||
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable | 50 | ||
Payment to Acquire Business, Net | 14,401 | ||
Business Combination, Consideration Transferred | $ 14,451 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents | 2,000 | ||
Developed Technology Rights [Member] | Altera Corporation [Member] | |||
Business Acquisition [Line Items] | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | 5,757 | ||
Customer Relationships [Member] | Altera Corporation [Member] | |||
Business Acquisition [Line Items] | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | 1,121 | ||
Brands [Member] | Altera Corporation [Member] | |||
Business Acquisition [Line Items] | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | 87 | ||
In Process Research and Development [Member] | Altera Corporation [Member] | |||
Business Acquisition [Line Items] | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Indefinite-Lived Intangible Assets | $ 601 |
Acquisitions, Acquired Finite-L
Acquisitions, Acquired Finite-Lived Intangible Assets (Details) - Altera Corporation [Member] | 3 Months Ended |
Apr. 02, 2016 | |
Developed Technology Rights [Member] | |
Acquired Finite-Lived Intangible Assets [Line Items] | |
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life | 9 years |
Customer Relationships [Member] | |
Acquired Finite-Lived Intangible Assets [Line Items] | |
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life | 12 years |
Brands [Member] | |
Acquired Finite-Lived Intangible Assets [Line Items] | |
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life | 6 years |
Acquisitions, Pro Forma Informa
Acquisitions, Pro Forma Information (Details) - USD ($) $ / shares in Units, $ in Millions | 3 Months Ended | |
Apr. 02, 2016 | Mar. 28, 2015 | |
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items] | ||
Business Acquisition, Pro Forma Revenue | $ 13,801 | $ 13,118 |
Business Acquisition, Pro Forma Net Income (Loss) | $ 2,398 | $ 1,599 |
Business Acquisition, Pro Forma Earnings Per Share, Diluted | $ 0.49 | $ 0.33 |
Fair Value Adjustment to Inventory [Member] | ||
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items] | ||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $ 226 | |
Fair Value Adjustment to Deferred Income [Member] | ||
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items] | ||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | 64 | |
Acquisition-related Costs [Member] | ||
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items] | ||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $ 94 |
Goodwill (Detail)
Goodwill (Detail) $ in Millions | 3 Months Ended |
Apr. 02, 2016USD ($) | |
Goodwill [Roll Forward] | |
Goodwill, Beginning Balance | $ 11,332 |
Goodwill, Acquisitions | 5,608 |
Goodwill, Currency Exchange and Other | 2 |
Goodwill, Ending Balance | 16,942 |
Goodwill, Transfers | 0 |
Client Computing Group [Member] | |
Goodwill [Roll Forward] | |
Goodwill, Beginning Balance | 4,078 |
Goodwill, Acquisitions | 12 |
Goodwill, Currency Exchange and Other | 0 |
Goodwill, Ending Balance | 4,303 |
Goodwill, Transfers | 213 |
Data Center Group [Member] | |
Goodwill [Roll Forward] | |
Goodwill, Beginning Balance | 2,404 |
Goodwill, Acquisitions | 2,438 |
Goodwill, Currency Exchange and Other | 0 |
Goodwill, Ending Balance | 5,019 |
Goodwill, Transfers | 177 |
Internet of Things Group [Member] | |
Goodwill [Roll Forward] | |
Goodwill, Beginning Balance | 428 |
Goodwill, Acquisitions | 534 |
Goodwill, Currency Exchange and Other | 0 |
Goodwill, Ending Balance | 998 |
Goodwill, Transfers | 36 |
Non-Volatile Memory Solutions Group [Member] | |
Goodwill [Roll Forward] | |
Goodwill, Beginning Balance | 0 |
Goodwill, Acquisitions | 0 |
Goodwill, Currency Exchange and Other | 0 |
Goodwill, Ending Balance | 0 |
Goodwill, Transfers | 0 |
Intel Security Group [Member] | |
Goodwill [Roll Forward] | |
Goodwill, Beginning Balance | 3,599 |
Goodwill, Acquisitions | 0 |
Goodwill, Currency Exchange and Other | 1 |
Goodwill, Ending Balance | 3,600 |
Goodwill, Transfers | 0 |
Software and services operating segments [Member] | |
Goodwill [Roll Forward] | |
Goodwill, Beginning Balance | 441 |
Goodwill, Acquisitions | 0 |
Goodwill, Currency Exchange and Other | 0 |
Goodwill, Ending Balance | 0 |
Goodwill, Transfers | (441) |
Programmable Solutions Group [Member] | |
Goodwill [Roll Forward] | |
Goodwill, Beginning Balance | 0 |
Goodwill, Acquisitions | 2,474 |
Goodwill, Currency Exchange and Other | 1 |
Goodwill, Ending Balance | 2,475 |
Goodwill, Transfers | 0 |
All other [Member] | |
Goodwill [Roll Forward] | |
Goodwill, Beginning Balance | 382 |
Goodwill, Acquisitions | 150 |
Goodwill, Currency Exchange and Other | 0 |
Goodwill, Ending Balance | 547 |
Goodwill, Transfers | $ 15 |
Identified Intangible Assets, F
Identified Intangible Assets, Finite-Lived Intangible Assets (Detail) - USD ($) $ in Millions | 3 Months Ended | ||
Apr. 02, 2016 | Mar. 28, 2015 | Dec. 26, 2015 | |
Identified Intangible Assets By Major Class [Abstract] | |||
Gross Assets, Subject to Amortization | $ 14,635 | $ 7,742 | |
Accumulated Amortization | (5,037) | (4,750) | |
Net | 9,598 | 2,992 | |
Identified Intangible Assets, Amortization Expenses [Abstract] | |||
Amortization of intangibles | 396 | $ 251 | |
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract] | |||
Future Amortization Expense, Remainder of 2016 | 1,174 | ||
Future Amortization Expense, 2017 | 1,285 | ||
Future Amortization Expense, 2018 | 1,120 | ||
Future Amortization Expense, 2019 | 1,099 | ||
Future Amortization Expense, 2020 | 1,050 | ||
Acquisition-related Developed Technology [Member] | |||
Identified Intangible Assets By Major Class [Abstract] | |||
Gross Assets, Subject to Amortization | 8,646 | 2,928 | |
Accumulated Amortization | (2,430) | (2,276) | |
Net | 6,216 | 652 | |
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract] | |||
Future Amortization Expense, Remainder of 2016 | 702 | ||
Future Amortization Expense, 2017 | 792 | ||
Future Amortization Expense, 2018 | 779 | ||
Future Amortization Expense, 2019 | 776 | ||
Future Amortization Expense, 2020 | 742 | ||
Acquisition-related Developed Technology [Member] | Cost of sales [Member] | |||
Identified Intangible Assets, Amortization Expenses [Abstract] | |||
Amortization of intangibles | 235 | 120 | |
Acquisition-related Customer Relationships [Member] | |||
Identified Intangible Assets By Major Class [Abstract] | |||
Gross Assets, Subject to Amortization | 2,842 | 1,738 | |
Accumulated Amortization | (1,291) | (1,219) | |
Net | 1,551 | 519 | |
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract] | |||
Future Amortization Expense, Remainder of 2016 | 245 | ||
Future Amortization Expense, 2017 | 241 | ||
Future Amortization Expense, 2018 | 141 | ||
Future Amortization Expense, 2019 | 124 | ||
Future Amortization Expense, 2020 | 121 | ||
Acquisition-related Customer Relationships [Member] | Amortization of acquisition-related intangibles [Member] | |||
Identified Intangible Assets, Amortization Expenses [Abstract] | |||
Amortization of intangibles | 83 | 60 | |
Acquisition-related Brands [Member] | |||
Identified Intangible Assets By Major Class [Abstract] | |||
Gross Assets, Subject to Amortization | 146 | 59 | |
Accumulated Amortization | (62) | (55) | |
Net | 84 | 4 | |
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract] | |||
Future Amortization Expense, Remainder of 2016 | 17 | ||
Future Amortization Expense, 2017 | 13 | ||
Future Amortization Expense, 2018 | 13 | ||
Future Amortization Expense, 2019 | 13 | ||
Future Amortization Expense, 2020 | 13 | ||
Acquisition-related Brands [Member] | Amortization of acquisition-related intangibles [Member] | |||
Identified Intangible Assets, Amortization Expenses [Abstract] | |||
Amortization of intangibles | 7 | 2 | |
Licensed Technology and Patents [Member] | |||
Identified Intangible Assets By Major Class [Abstract] | |||
Gross Assets, Subject to Amortization | 3,001 | 3,017 | |
Accumulated Amortization | (1,254) | (1,200) | |
Net | 1,747 | $ 1,817 | |
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract] | |||
Future Amortization Expense, Remainder of 2016 | 210 | ||
Future Amortization Expense, 2017 | 239 | ||
Future Amortization Expense, 2018 | 187 | ||
Future Amortization Expense, 2019 | 186 | ||
Future Amortization Expense, 2020 | 174 | ||
Licensed Technology and Patents [Member] | Cost of sales [Member] | |||
Identified Intangible Assets, Amortization Expenses [Abstract] | |||
Amortization of intangibles | $ 71 | $ 69 |
Identified Intangible Assets, I
Identified Intangible Assets, Indefinite-Lived Intangible Asset (Detail) - USD ($) $ in Millions | Apr. 02, 2016 | Dec. 26, 2015 |
Indefinite-lived Intangible Assets [Line Items] | ||
Gross Assets, Not Subject to Amortization | $ 1,542 | $ 941 |
Acquisition-related Brands [Member] | ||
Indefinite-lived Intangible Assets [Line Items] | ||
Gross Assets, Not Subject to Amortization | 767 | 767 |
Other Intangible Assets [Member] | ||
Indefinite-lived Intangible Assets [Line Items] | ||
Gross Assets, Not Subject to Amortization | $ 775 | $ 174 |
Identified Intangible Assets, T
Identified Intangible Assets, Total Intangible Assets (Detail) - USD ($) $ in Millions | Apr. 02, 2016 | Dec. 28, 2015 | Dec. 26, 2015 |
Business Acquisition [Line Items] | |||
Identified intangible assets, gross | $ 16,177 | $ 8,683 | |
Identified intangible assets, net | $ 11,140 | $ 3,933 | |
Altera Corporation [Member] | |||
Business Acquisition [Line Items] | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill | $ 7,566 |
Other Long-Term Assets (Detail)
Other Long-Term Assets (Detail) - USD ($) $ in Millions | 3 Months Ended | |
Apr. 02, 2016 | Dec. 26, 2015 | |
Schedule of Cost-method Investments [Line Items] | ||
Non-marketable cost method investments | $ 2,933 | $ 2,933 |
Equity method investments | 1,593 | 1,590 |
Non-current deferred tax assets | 682 | 1,052 |
Pre-payments for property, plant and equipment | 487 | 623 |
Loans receivable | 755 | 642 |
Grants receivable | 323 | 318 |
Reverse repurchase agreements | 250 | 350 |
Other | 847 | 657 |
Total other long-term assets | 7,870 | $ 8,165 |
Transfers From Other Long-Term Assets to Property, Plant, And Equipment Related To Prepaid Equipment | $ 132 |
Restructuring and Asset Impai63
Restructuring and Asset Impairment Charges (Detail) $ in Millions | 3 Months Ended | |
Jul. 02, 2016USD ($)Employee | Apr. 02, 2016USD ($) | |
Restructuring Cost and Reserve [Line Items] | ||
Restructuring and Related Cost, Incurred Cost | $ 0 | |
Restructuring Reserve [Roll Forward] | ||
Accrued restructuring, Beginning Balance | $ 37 | 70 |
Accrued restructuring, Ending Balance | $ 37 | |
Scenario, Forecast [Member] | 2016 Restructuring Program [Member] | ||
Restructuring Cost and Reserve [Line Items] | ||
Restructuring and Related Cost, Expected Number of Positions Eliminated | Employee | 12,000 | |
Restructuring and Related Cost, Expected Cost | $ 1,200 |
Deferred Income (Detail)
Deferred Income (Detail) - USD ($) $ in Millions | Apr. 02, 2016 | Dec. 26, 2015 |
Deferred Revenue Arrangement [Line Items] | ||
Current deferred income | $ 2,632 | $ 2,188 |
Total deferred income | 3,114 | 2,718 |
Shipments of components to distributors [Member] | ||
Deferred Revenue Arrangement [Line Items] | ||
Current deferred income | 1,318 | 920 |
Software Services And Other [Member] | ||
Deferred Revenue Arrangement [Line Items] | ||
Current deferred income | 1,314 | 1,268 |
Non-current deferred income | $ 482 | $ 530 |
Borrowings, Short-term Debt (De
Borrowings, Short-term Debt (Details) - USD ($) $ in Millions | 3 Months Ended | ||
Apr. 02, 2016 | Mar. 28, 2015 | Dec. 26, 2015 | |
Short-term Debt [Line Items] | |||
Drafts payable | $ 75 | $ 41 | |
Commercial paper | 921 | 0 | |
Current portion of long-term debt | 2,606 | 2,602 | |
Less: debt issuance costs associated with current portion of long-term debt | (8) | (9) | |
Total short-term debt | 3,594 | 2,634 | |
Board Of Directors Maximum Borrowing Capacity Authorization | 5,000 | ||
Maximum Borrowings, Commercial Paper Program | 3,000 | $ 900 | |
Line of Credit Facility, Maximum Borrowing Capacity | 5,000 | ||
Line of Credit Facility, Maximum Amount Outstanding During Period | 4,000 | ||
Temporary equity | 894 | 897 | |
2009 Junior subordinated convertible debentures due August 2039 At 3.25% [Member] | |||
Short-term Debt [Line Items] | |||
Current portion of long-term debt | $ 1,106 | $ 1,103 | |
Debt Instrument, Convertible, Threshold Percentage of Stock Price Trigger | 130.00% | ||
Trading Days During Thirty Day Period In Which Company Stock Has Been At Least 130% Of Conversion Price, Surrender For Conversion | 20 days | ||
Trading Day Period Ending On Last Day Of Preceding Fiscal Quarter, Surrender for Conversion | 30 days |
Borrowings, Long-term Debt (Det
Borrowings, Long-term Debt (Details) AUD in Millions, $ in Millions | 3 Months Ended | |||
Apr. 02, 2016USD ($) | Apr. 02, 2016AUD | Dec. 26, 2015USD ($) | Mar. 28, 2015USD ($) | |
Debt Instrument [Line Items] | ||||
Long-term debt | $ 24,449 | $ 22,707 | ||
Less: current portion of long-term debt | (2,606) | (2,602) | ||
Less: debt issuance costs | (68) | (69) | ||
Total long-term debt | 21,775 | 20,036 | ||
Derivative, Notional Amount | 30,270 | 26,655 | $ 27,192 | |
Cross Currency Interest Rate Contract [Member] | ||||
Debt Instrument [Line Items] | ||||
Derivative, Notional Amount | 6,776 | 5,509 | $ 5,094 | |
2016 Altera acquired Senior notes [Member] | ||||
Debt Instrument [Line Items] | ||||
Debt Instrument, Face Amount | 1,500 | |||
2016 Altera acquired Senior notes [Member] | Altera Corporation [Member] | ||||
Debt Instrument [Line Items] | ||||
Debt Instrument, Face Amount | $ 1,500 | |||
2016 Altera acquired Senior notes due May 2017 at 1.75% [Member] | ||||
Debt Instrument [Line Items] | ||||
Maturity Date | May 15, 2017 | |||
Stated Interest Rate | 1.75% | 1.75% | ||
Long-term debt | $ 501 | 0 | ||
2016 Altera acquired Senior notes due November 2018 at 2.50% [Member] | ||||
Debt Instrument [Line Items] | ||||
Maturity Date | Nov. 15, 2018 | |||
Stated Interest Rate | 2.50% | 2.50% | ||
Long-term debt | $ 606 | 0 | ||
2016 Altera acquired Senior notes due November 2023 at 4.10% [Member] | ||||
Debt Instrument [Line Items] | ||||
Maturity Date | Nov. 15, 2023 | |||
Stated Interest Rate | 4.10% | 4.10% | ||
Long-term debt | $ 426 | 0 | ||
2015 Senior notes due December 2045 at 4.70% [Member] | ||||
Debt Instrument [Line Items] | ||||
Debt Instrument, Face Amount | $ 915 | |||
Maturity Date | Dec. 14, 2045 | |||
Stated Interest Rate | 4.70% | 4.70% | ||
Long-term debt | $ 939 | 908 | ||
2015 AUD-denominated Senior notes [Member] | ||||
Debt Instrument [Line Items] | ||||
Debt Instrument, Face Amount | AUD | AUD 800 | |||
2015 AUD-denominated Senior notes [Member] | Cross Currency Interest Rate Contract [Member] | ||||
Debt Instrument [Line Items] | ||||
Derivative, Notional Amount | $ 577 | |||
2015 AUD-denominated Senior notes due December 2019 at 3.25% [Member] | ||||
Debt Instrument [Line Items] | ||||
Maturity Date | Dec. 1, 2019 | |||
Stated Interest Rate | 3.25% | 3.25% | ||
Long-term debt | $ 191 | 181 | ||
2015 AUD-denominated Senior notes due December 2022 at 4.00% [Member] | ||||
Debt Instrument [Line Items] | ||||
Maturity Date | Dec. 1, 2022 | |||
Stated Interest Rate | 4.00% | 4.00% | ||
Long-term debt | $ 421 | 397 | ||
2015 Senior notes due August 2045 at 4.90% [Member] | ||||
Debt Instrument [Line Items] | ||||
Debt Instrument, Face Amount | $ 1,000 | |||
Maturity Date | Aug. 11, 2045 | |||
Stated Interest Rate | 4.90% | 4.90% | ||
Long-term debt | $ 1,028 | 1,009 | ||
July 2015 Senior Notes [Member] | ||||
Debt Instrument [Line Items] | ||||
Debt Instrument, Face Amount | $ 7,000 | |||
2015 Senior notes due July 2020 at 2.45% [Member] | ||||
Debt Instrument [Line Items] | ||||
Maturity Date | Jul. 29, 2020 | |||
Stated Interest Rate | 2.45% | 2.45% | ||
Long-term debt | $ 1,749 | 1,748 | ||
2015 Senior notes due July 2022 at 3.10% [Member] | ||||
Debt Instrument [Line Items] | ||||
Maturity Date | Jul. 29, 2022 | |||
Stated Interest Rate | 3.10% | 3.10% | ||
Long-term debt | $ 1,030 | 996 | ||
2015 Senior notes due July 2025 at 3.70% [Member] | ||||
Debt Instrument [Line Items] | ||||
Maturity Date | Jul. 29, 2025 | |||
Stated Interest Rate | 3.70% | 3.70% | ||
Long-term debt | $ 2,269 | 2,247 | ||
2015 Senior notes due July 2045 at 4.90% [Member] | ||||
Debt Instrument [Line Items] | ||||
Maturity Date | Jul. 29, 2045 | |||
Stated Interest Rate | 4.90% | 4.90% | ||
Long-term debt | $ 1,999 | 1,998 | ||
2012 Senior notes [Member] | ||||
Debt Instrument [Line Items] | ||||
Debt Instrument, Face Amount | $ 6,200 | |||
2012 Senior notes due December 2017 at 1.35% [Member] | ||||
Debt Instrument [Line Items] | ||||
Maturity Date | Dec. 15, 2017 | |||
Stated Interest Rate | 1.35% | 1.35% | ||
Long-term debt | $ 2,999 | 2,999 | ||
2012 Senior notes due December 2022 at 2.70% [Member] | ||||
Debt Instrument [Line Items] | ||||
Maturity Date | Dec. 15, 2022 | |||
Stated Interest Rate | 2.70% | 2.70% | ||
Long-term debt | $ 1,548 | 1,492 | ||
2012 Senior notes due December 2032 at 4.00% [Member] | ||||
Debt Instrument [Line Items] | ||||
Maturity Date | Dec. 15, 2032 | |||
Stated Interest Rate | 4.00% | 4.00% | ||
Long-term debt | $ 744 | 744 | ||
2012 Senior notes due December 2042 at 4.25% [Member] | ||||
Debt Instrument [Line Items] | ||||
Maturity Date | Dec. 15, 2042 | |||
Stated Interest Rate | 4.25% | 4.25% | ||
Long-term debt | $ 925 | 924 | ||
2011 Senior notes [Member] | ||||
Debt Instrument [Line Items] | ||||
Debt Instrument, Face Amount | $ 5,000 | |||
2011 Senior notes due October 2016 at 1.95% [Member] | ||||
Debt Instrument [Line Items] | ||||
Maturity Date | Oct. 1, 2016 | |||
Stated Interest Rate | 1.95% | 1.95% | ||
Long-term debt | $ 1,500 | 1,499 | ||
2011 Senior notes due October 2021 at 3.30% [Member] | ||||
Debt Instrument [Line Items] | ||||
Maturity Date | Oct. 1, 2021 | |||
Stated Interest Rate | 3.30% | 3.30% | ||
Long-term debt | $ 1,998 | 1,997 | ||
2011 Senior notes due October 2041 at 4.80% [Member] | ||||
Debt Instrument [Line Items] | ||||
Maturity Date | Oct. 1, 2041 | |||
Stated Interest Rate | 4.80% | 4.80% | ||
Long-term debt | $ 1,491 | 1,490 | ||
2009 Junior subordinated convertible debentures due August 2039 At 3.25% [Member] | ||||
Debt Instrument [Line Items] | ||||
Debt Instrument, Face Amount | $ 2,000 | |||
Maturity Date | Aug. 1, 2039 | |||
Stated Interest Rate | 3.25% | 3.25% | ||
Long-term debt | $ 1,106 | 1,103 | ||
Less: current portion of long-term debt | (1,106) | (1,103) | ||
2005 Junior subordinated convertible debentures due December 2035 at 2.95% [Member] | ||||
Debt Instrument [Line Items] | ||||
Debt Instrument, Face Amount | $ 1,600 | |||
Maturity Date | Dec. 15, 2035 | |||
Stated Interest Rate | 2.95% | 2.95% | ||
Long-term debt | $ 979 | $ 975 |
Employee Equity Incentive Pla67
Employee Equity Incentive Plans (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions | 3 Months Ended | ||
Apr. 02, 2016 | Mar. 28, 2015 | Dec. 26, 2015 | |
Employee Equity Incentive Plans, (Textual) (Details) [Abstract] | |||
Share-based Compensation | $ 448 | $ 368 | |
Restricted Stock Units (RSUs) [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward] | |||
Number of RSUs outstanding, beginning balance | 107.4 | ||
Number of RSUs granted | 8.3 | ||
Number of RSUs assumed in acquisition | 7.3 | ||
Number of RSUs vested | (5.3) | ||
Number of RSUs forfeited | (1.8) | ||
Number of RSUs outstanding, ending balance | 115.9 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract] | |||
Weighted-average grant date fair value of RSU balance (in dollars per share) | $ 27.66 | $ 26.93 | |
Weighted-average grant date fair value of granted RSUs (in dollars per share) | 32.39 | ||
Weighted-average grant date fair value of vested RSUs (in dollars per share) | 28.89 | ||
Weighted-average grant date fair value of forfeited RSUs (in dollars per share) | 27.47 | ||
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Acquired in Period Weighted Average Grant Date Fair Value | $ 33.79 | ||
Market Based Restricted Stock Units [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward] | |||
Number of RSUs outstanding, ending balance | 6.9 | ||
2006 Equity Incentive Plan [Member] | |||
Employee Equity Incentive Plans, (Textual) (Details) [Abstract] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 252 | ||
2006 Stock Purchase Plan [Member] | |||
Employee Equity Incentive Plans, (Textual) (Details) [Abstract] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 172 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Purchase Price of Common Stock, Percent | 85.00% | ||
Share-based Compensation Arrangement by Share-based Payment Award, Shares Issued in Period | 9.2 | 8.1 | |
Employee Purchases, Amount | $ 227 | $ 234 | |
Restricted Stock or Stock Units, 2006 Plan [Member] | Restricted Stock Units (RSUs) [Member] | |||
Employee Equity Incentive Plans, (Textual) (Details) [Abstract] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value | 165 | ||
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Intrinsic Value Amount | $ 153 |
Common Stock Repurchases (Detai
Common Stock Repurchases (Detail) - Common Stock Repurchase Program [Member] - USD ($) shares in Millions, $ in Millions | 3 Months Ended | |
Apr. 02, 2016 | Mar. 28, 2015 | |
Common Stock Repurchases [Line Items] | ||
Stock Repurchase Program, Authorized Amount | $ 65,000 | |
Stock Repurchase Program, Remaining Authorized Repurchase Amount | $ 8,600 | |
Stock Repurchased During Period, Shares | 26.8 | |
Stock Repurchased During Period, Value | $ 800 | |
Stock Repurchased and Retired During Period, Shares | 21.3 | |
Stock Repurchased and Retired During Period, Value | $ 750 | |
Accumulated Stock Repurchased During Program, Total Shares | 4,800 | |
Accumulated Stock Repurchased During Program, Total Value | $ 105,700 |
Gains (Losses) on Equity Inve69
Gains (Losses) on Equity Investments, Net (Detail) - USD ($) $ in Millions | 3 Months Ended | |
Apr. 02, 2016 | Mar. 28, 2015 | |
Schedule Of Investment Type [Line Items] | ||
Share of equity method investee losses, net | $ (8) | $ (48) |
Impairments | (29) | (38) |
Other, net | (37) | 72 |
Total gains (losses) on equity investments, net | 22 | 32 |
Equity Investments [Member] | ||
Schedule Of Investment Type [Line Items] | ||
Gains on sales, net | $ 96 | $ 46 |
Interest and Other, Net (Detail
Interest and Other, Net (Detail) - USD ($) $ in Millions | 3 Months Ended | ||
Apr. 02, 2016 | Mar. 28, 2015 | Dec. 26, 2015 | |
Interest and Other, Net [Line Items] | |||
Interest income | $ 52 | $ 32 | |
Interest expense | (208) | (42) | |
Other, net | 74 | 36 | |
Total interest and other, net | (82) | 26 | |
Interest Costs Capitalized | $ 22 | $ 81 | |
2015 Senior Notes [Member] | |||
Interest and Other, Net [Line Items] | |||
Debt Instrument, Face Amount | $ 9,500 |
Earnings Per Share (Detail)
Earnings Per Share (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions | 3 Months Ended | |
Apr. 02, 2016 | Mar. 28, 2015 | |
Earnings Per Share [Abstract] | ||
Net income available to common stockholders | $ 2,046 | $ 1,992 |
Weighted average shares of common stock outstanding—basic | 4,722 | 4,741 |
Dilutive effect of employee equity incentive plans (shares) | 66 | 82 |
Dilutive effect of convertible debt (shares) | 87 | 91 |
Weighted average shares of common stock outstanding—diluted | 4,875 | 4,914 |
Basic earnings per share of common stock (in dollars per share) | $ 0.43 | $ 0.42 |
Diluted earnings per share of common stock (in dollars per share) | $ 0.42 | $ 0.41 |
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (shares) | 0 | 3 |
Other Comprehensive Income (L72
Other Comprehensive Income (Loss), Accumulated Other Comprehensive Income (Loss) (Detail) - USD ($) $ in Millions | 3 Months Ended | ||
Apr. 02, 2016 | Mar. 28, 2015 | Dec. 26, 2015 | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Accumulated Other Comprehensive Income (Loss), Total | $ 560 | $ 60 | |
Other comprehensive income (loss) before reclassifications | 783 | ||
Amounts reclassified out of accumulated other comprehensive income (loss) | (49) | ||
Tax effects | (234) | ||
Other comprehensive income (loss) | 500 | $ (598) | |
Unrealized holding gains (losses) on available-for-sale investments [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Accumulated Other Comprehensive Income (Loss), Unrealized Holding Gains (Losses) On Available-for-Sale Investments | 2,040 | 1,749 | |
Other comprehensive income (loss) before reclassifications | 532 | ||
Amounts reclassified out of accumulated other comprehensive income (loss) | (85) | ||
Tax effects | (156) | ||
Other comprehensive income (loss) | 291 | ||
Deferred tax asset valuation allowance [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Accumulated Other Comprehensive Income (Loss), Deferred Tax Asset Valuation Allowance | 7 | 8 | |
Other comprehensive income (loss) before reclassifications | 0 | ||
Amounts reclassified out of accumulated other comprehensive income (loss) | 0 | ||
Tax effects | (1) | ||
Other comprehensive income (loss) | (1) | ||
Unrealized holding gains (losses) on derivatives [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Accumulated Other Comprehensive Income (Loss), Unrealized Holding Gains (Losses) On Derivatives | (79) | (266) | |
Other comprehensive income (loss) before reclassifications | 243 | ||
Amounts reclassified out of accumulated other comprehensive income (loss) | 22 | ||
Tax effects | (78) | ||
Other comprehensive income (loss) | 187 | ||
Prior service credits (costs) [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Accumulated Other Comprehensive Income (Loss), Prior Service Credits (Costs) | (38) | (40) | |
Other comprehensive income (loss) before reclassifications | 0 | ||
Amounts reclassified out of accumulated other comprehensive income (loss) | 2 | ||
Tax effects | 0 | ||
Other comprehensive income (loss) | 2 | ||
Actuarial gains (losses) [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Accumulated Other Comprehensive Income (Loss), Actuarial Gains (Losses) | (857) | (876) | |
Other comprehensive income (loss) before reclassifications | 6 | ||
Amounts reclassified out of accumulated other comprehensive income (loss) | 12 | ||
Tax effects | 1 | ||
Other comprehensive income (loss) | 19 | ||
Foreign currency translation adjustment [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment | (513) | $ (515) | |
Other comprehensive income (loss) before reclassifications | 2 | ||
Amounts reclassified out of accumulated other comprehensive income (loss) | 0 | ||
Tax effects | 0 | ||
Other comprehensive income (loss) | $ 2 |
Other Comprehensive Income (L73
Other Comprehensive Income (Loss), Reclassification out of Accumulated Other Comprehensive Income (Detail) - USD ($) $ in Millions | 3 Months Ended | |
Apr. 02, 2016 | Mar. 28, 2015 | |
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||
Interest and other, net | $ (82) | $ 26 |
Gains (losses) on equity investments, net | 22 | 32 |
Income before taxes | 2,508 | 2,673 |
Cost of sales | (5,572) | (5,051) |
Research and development | (3,246) | (2,995) |
Marketing, general and administrative | (2,226) | (1,953) |
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months | 7 | |
Reclassified out of Accumulated Other Comprehensive Income (Loss) [Member] | ||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||
Income before taxes | 49 | (61) |
Unrealized holding gains (losses) on available-for-sale investments [Member] | Reclassified out of Accumulated Other Comprehensive Income (Loss) [Member] | ||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||
Interest and other, net | (1) | 0 |
Gains (losses) on equity investments, net | 86 | 54 |
Income before taxes | 85 | 54 |
Unrealized holding gains (losses) on derivatives [Member] | Reclassified out of Accumulated Other Comprehensive Income (Loss) [Member] | ||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||
Income before taxes | (22) | (99) |
Unrealized holding gains (losses) on derivatives [Member] | Reclassified out of Accumulated Other Comprehensive Income (Loss) [Member] | Currency Forwards [Member] | ||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||
Cost of sales | (42) | (43) |
Research and development | (10) | (47) |
Marketing, general and administrative | (4) | (9) |
Unrealized holding gains (losses) on derivatives [Member] | Reclassified out of Accumulated Other Comprehensive Income (Loss) [Member] | Other Derivative Instruments [Member] | ||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||
Interest and other, net | 34 | 0 |
Prior service credits (costs) [Member] | ||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||
Reclassified out of Accumulated Other Comprehensive Income (Loss), Prior Service (Credits) Costs | (2) | (2) |
Actuarial gains (losses) [Member] | ||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||
Reclassified out of Accumulated Other Comprehensive Income (Loss), Actuarial Gains (Losses) | (12) | (14) |
Amortization of pension and postretirement benefit components [Member] | Reclassified out of Accumulated Other Comprehensive Income (Loss) [Member] | ||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||
Income before taxes | $ (14) | $ (16) |
Contingencies (Detail)
Contingencies (Detail) $ / shares in Units, € in Billions, $ in Billions | 1 Months Ended | |||
Jun. 30, 2012$ / shares | May. 31, 2009USD ($) | May. 31, 2009EUR (€) | Aug. 19, 2010$ / shares | |
McAfee, Inc. [Member] | McAfee Shareholder Litigation [Member] | ||||
Loss Contingencies [Line Items] | ||||
Loss Contingency, Cash Per Share of Acquiree Common Stock and Common Stock Subject to Restricted Stock Awards, Vested Restricted Stock Unit Awards, and Vested Performance Stock Unit Awards Upon Completion of Acquisition | $ 48 | |||
McAfee, Inc. [Member] | McAfee Shareholder Litigation [Member] | Pending Litigation [Member] | ||||
Loss Contingencies [Line Items] | ||||
Loss Contingency, Plaintiffs Damages Expert Value Assertion of Share of Acquiree for Purposes of Assessing Damages | $ 62.08 | |||
EC Fine [Member] | ||||
Loss Contingencies [Line Items] | ||||
Loss Contingency, Fine | $ 1.4 | € 1.1 |
Operating Segments Informatio75
Operating Segments Information (Detail) - USD ($) $ in Millions | 3 Months Ended | |
Apr. 02, 2016 | Mar. 28, 2015 | |
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract] | ||
Net revenue | $ 13,702 | $ 12,781 |
Operating income (loss) | 2,568 | 2,615 |
Client Computing Group [Member] | ||
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract] | ||
Net revenue | 7,549 | 7,420 |
Operating income (loss) | 1,885 | 1,411 |
Client Computing Group [Member] | Platform [Member] | ||
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract] | ||
Net revenue | 7,188 | 7,049 |
Client Computing Group [Member] | Other [Member] | ||
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract] | ||
Net revenue | 361 | 371 |
Data Center Group [Member] | ||
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract] | ||
Net revenue | 3,999 | 3,681 |
Operating income (loss) | 1,764 | 1,699 |
Data Center Group [Member] | Platform [Member] | ||
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract] | ||
Net revenue | 3,718 | 3,419 |
Data Center Group [Member] | Other [Member] | ||
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract] | ||
Net revenue | 281 | 262 |
Internet of Things Group [Member] | ||
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract] | ||
Net revenue | 651 | 533 |
Operating income (loss) | 123 | 87 |
Internet of Things Group [Member] | Platform [Member] | ||
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract] | ||
Net revenue | 571 | 462 |
Internet of Things Group [Member] | Other [Member] | ||
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract] | ||
Net revenue | 80 | 71 |
Non-Volatile Memory Solutions Group [Member] | ||
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract] | ||
Net revenue | 557 | 592 |
Operating income (loss) | (95) | 72 |
Intel Security Group [Member] | ||
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract] | ||
Net revenue | 537 | 479 |
Operating income (loss) | 85 | 15 |
Programmable Solutions Group [Member] | ||
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract] | ||
Net revenue | 359 | 0 |
Operating income (loss) | (200) | 0 |
All other [Member] | ||
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract] | ||
Net revenue | 50 | 76 |
Operating income (loss) | $ (994) | $ (669) |