Document and Entity Information
Document and Entity Information shares in Millions | 3 Months Ended |
Apr. 01, 2017shares | |
Document and Entity Information [Abstract] | |
Entity Registrant Name | Intel Corp |
Entity Central Index Key | 50,863 |
Company Fiscal Year End Date | --12-30 |
Entity Filer Category | Large Accelerated Filer |
Document Type | 10-Q |
Document Period End Date | Apr. 1, 2017 |
Document Fiscal Year Focus | 2,017 |
Document Fiscal Period Focus | Q1 |
Amendment Flag | false |
Entity Common Stock Shares Outstanding | 4,709 |
Consolidated Condensed Statemen
Consolidated Condensed Statements of Income - USD ($) shares in Millions, $ in Millions | 3 Months Ended | |
Apr. 01, 2017 | Apr. 02, 2016 | |
Income Statement [Abstract] | ||
Net revenue | $ 14,796 | $ 13,702 |
Cost of sales | 5,649 | 5,572 |
Gross margin | 9,147 | 8,130 |
Research and development | 3,326 | 3,246 |
Marketing, general and administrative | 2,104 | 2,226 |
Restructuring and other charges | 80 | 0 |
Amortization of Acquisition-Related Intangible Assets | 38 | 90 |
Operating expenses | 5,548 | 5,562 |
Operating income | 3,599 | 2,568 |
Gains (losses) on equity investments, net | 252 | 22 |
Interest and other, net | (36) | (82) |
Income before taxes | 3,815 | 2,508 |
Provision for taxes | 851 | 462 |
Net income | $ 2,964 | $ 2,046 |
Basic earnings per share of common stock (in dollars per share) | $ 0.63 | $ 0.43 |
Diluted earnings per share of common stock (in dollars per share) | 0.61 | 0.42 |
Cash dividends declared per share of common stock (in dollars per share) | $ 0.5325 | $ 0.52 |
Weighted average shares of common stock outstanding: | ||
Basic (shares) | 4,723 | 4,722 |
Diluted (shares) | 4,881 | 4,875 |
Consolidated Condensed Stateme3
Consolidated Condensed Statements of Comprehensive Income - USD ($) $ in Millions | 3 Months Ended | |
Apr. 01, 2017 | Apr. 02, 2016 | |
Statement of Comprehensive Income [Abstract] | ||
Net income | $ 2,964 | $ 2,046 |
Changes in other comprehensive income, net of tax: | ||
Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax | 543 | 291 |
Change in deferred tax asset valuation allowance | 0 | (1) |
Change in net unrealized holding gains (losses) on derivatives | 195 | 187 |
Change in net prior service (costs) credits | 2 | 2 |
Change in actuarial valuation | 16 | 19 |
Change in net foreign currency translation adjustment | 1 | 2 |
Other comprehensive income (loss) | 757 | 500 |
Total comprehensive income | $ 3,721 | $ 2,546 |
Consolidated Condensed Balance
Consolidated Condensed Balance Sheets - USD ($) $ in Millions | Apr. 01, 2017 | Dec. 31, 2016 |
Current assets: | ||
Cash and cash equivalents | $ 4,934 | $ 5,560 |
Short-term investments | 3,058 | 3,225 |
Trading assets | 9,303 | 8,314 |
Accounts receivable, net | 4,921 | 4,690 |
Inventories | 5,801 | 5,553 |
Assets held for sale | 5,138 | 5,210 |
Other current assets | 2,903 | 2,956 |
Total current assets | 36,058 | 35,508 |
Property, plant and equipment, net of accumulated depreciation of $55,173 ($53,934 as of December 31, 2016) | 36,911 | 36,171 |
Marketable equity securities | 6,831 | 6,180 |
Other long-term investments | 5,149 | 4,716 |
Goodwill | 14,099 | 14,099 |
Identified intangible assets, net | 9,157 | 9,494 |
Other long-term assets | 7,443 | 7,159 |
Total assets | 115,648 | 113,327 |
Current liabilities: | ||
Short-term debt | 5,073 | 4,634 |
Accounts payable | 3,221 | 2,475 |
Accrued compensation and benefits | 2,145 | 3,465 |
Accrued advertising | 772 | 810 |
Deferred income | 1,698 | 1,718 |
Liabilities held for sale | 1,746 | 1,920 |
Other accrued liabilities | 6,650 | 5,280 |
Total current liabilities | 21,305 | 20,302 |
Long-term debt | 20,678 | 20,649 |
Long-term deferred tax liabilities | 2,285 | 1,730 |
Other long-term liabilities | 3,658 | 3,538 |
Contingencies (Note 15) | ||
Temporary equity | 878 | 882 |
Stockholders’ equity: | ||
Preferred stock | 0 | 0 |
Common stock and capital in excess of par value, 4,709 issued and outstanding (4,730 issued and outstanding as of December 31, 2016) | 25,890 | 25,373 |
Accumulated other comprehensive income (loss) | 863 | 106 |
Retained earnings | 40,091 | 40,747 |
Total stockholders’ equity | 66,844 | 66,226 |
Total liabilities, temporary equity, and stockholders’ equity | $ 115,648 | $ 113,327 |
Consolidated Condensed Balance5
Consolidated Condensed Balance Sheets (Parenthetical) - USD ($) shares in Millions, $ in Millions | Apr. 01, 2017 | Dec. 31, 2016 |
Assets | ||
Accumulated depreciation | $ 55,173 | $ 53,934 |
Stockholders’ equity: | ||
Common stock, shares issued | 4,709 | 4,730 |
Common stock, shares outstanding | 4,709 | 4,730 |
Consolidated Condensed Stateme6
Consolidated Condensed Statements of Cash Flows - USD ($) $ in Millions | 3 Months Ended | |
Apr. 01, 2017 | Apr. 02, 2016 | |
Statement of Cash Flows [Abstract] | ||
Cash and cash equivalents, beginning of period | $ 5,560 | $ 15,308 |
Cash flows provided by (used for) operating activities: | ||
Net income | 2,964 | 2,046 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||
Depreciation | 1,625 | 1,619 |
Share-based compensation | 397 | 448 |
Restructuring and other charges | 80 | 0 |
Amortization of intangibles | 321 | 396 |
(Gains) losses on equity investments, net | (250) | (22) |
Deferred taxes | 212 | (43) |
Changes in assets and liabilities:1 | ||
Accounts receivable | (105) | 942 |
Inventories | (232) | (57) |
Accounts payable | 188 | 434 |
Accrued compensation and benefits | (1,277) | (1,307) |
Income taxes payable and receivable | 427 | 497 |
Other assets and liabilities | (452) | (898) |
Total adjustments | 934 | 2,009 |
Net cash provided by operating activities | 3,898 | 4,055 |
Cash flows provided by (used for) investing activities: | ||
Additions to property, plant and equipment | (1,952) | (1,346) |
Acquisitions, net of cash acquired | 0 | (14,569) |
Purchases of available-for-sale investments | (1,746) | (2,847) |
Sales of available-for-sale investments | 431 | 2,810 |
Maturities of available-for-sale investments | 1,508 | 1,359 |
Purchases of trading assets | (3,075) | (4,533) |
Maturities and sales of trading assets | 2,433 | 3,138 |
Investments in loans receivable and reverse repurchase agreements | 0 | (223) |
Collection of loans receivable and reverse repurchase agreements | 0 | 650 |
Investments in non-marketable equity investments | (422) | (182) |
Purchases of licensed technology and patents | (115) | 0 |
Other investing | 160 | 223 |
Net cash used for investing activities | (2,778) | (15,520) |
Cash flows provided by (used for) financing activities: | ||
Increase (decrease) in short-term debt, net | 435 | 956 |
Proceeds from sales of common stock through employee equity incentive plans | 329 | 343 |
Repurchase of common stock | (1,242) | (793) |
Restricted stock unit withholdings | (70) | (63) |
Payment of dividends to stockholders | (1,229) | (1,228) |
Other financing | 31 | 3 |
Net cash provided by (used for) financing activities | (1,746) | (782) |
Net increase (decrease) in cash and cash equivalents | (626) | (12,247) |
Cash and cash equivalents, end of period | 4,934 | 3,061 |
Supplemental disclosures of noncash investing activities and cash flow information: | ||
Acquisition of property, plant, and equipment included in accounts payable and accrued liabilities | 1,448 | 1,083 |
Interest, net of capitalized interest and interest rate swap payments/receipts | 97 | 254 |
Income taxes, net of refunds | $ 171 | $ (72) |
Basis of Presentation
Basis of Presentation | 3 Months Ended |
Apr. 01, 2017 | |
Organization, Consolidation and Presentation of Financial Statements [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 31, 2016 (2016 Form 10-K). We have a 52- or 53-week fiscal year that ends on the last Saturday in December. Our fiscal year 2017 is a 52-week year ending on December 30, 2017, while our fiscal year 2016 was a 53-week fiscal year that ended on December 31, 2016. The first quarter of fiscal year 2016 was a 14-week quarter compared to the standard 13-week quarters. 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 report should be read in conjunction with the consolidated financial statements in our 2016 Form 10-K. |
Recent Accounting Standards
Recent Accounting Standards | 3 Months Ended |
Apr. 01, 2017 | |
New Accounting Pronouncements and Changes in Accounting Principles [Abstract] | |
Recent Accounting Standards [Text Block] | Note 2: Recent Accounting Standards We assess the adoption impacts of recently issued accounting standards by the Financial Accounting Standards Board on our financial statements. The table below describes impacts from newly issued standards as well as material updates to our previous assessments, if any, from our 2016 Form 10-K. Standard/Description Effective Date and Adoption Considerations Effect on Financial Statements or Other Significant Matters Compensation - Retirement Benefits - Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost. This amended standard was issued to provide additional guidance on the presentation of net benefit cost in the income statement and on the components eligible for capitalization in assets. The service cost component of the net periodic benefit cost will continue to be reported within operating income on the consolidated income statement. All other non-service components are required to be presented separately outside operating income and only service costs will be eligible for inventory capitalization. Effective in the first quarter of 2018. Changes to the presentation of benefit costs are required to be adopted retrospectively while changes to the capitalization of service costs into inventories are required to be adopted prospectively. The standard permits, as a practical expedient, to use the amounts disclosed in the Retirement Benefit Plans footnote for the prior comparative periods as the estimation basis for applying the retrospective presentation requirement. We expect the adoption of the amended standard to result in the reclassification of approximately $260 million from non-service components above the subtotal of operating income to interest and other, net, for the year ended December 31, 2016. We are continuing to assess the impacts of adoption to our 2017 financial statements. |
Operating Segments Information
Operating Segments Information | 3 Months Ended |
Apr. 01, 2017 | |
Segment Reporting [Abstract] | |
Operating Segments Information [Text Block] | Note 3: Operating Segments Information We manage our business through the following operating segments: Client Computing Group (CCG) Includes platforms designed for notebooks, 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 (DCG) Includes workload-optimized platforms and related products designed for enterprise, cloud, and communication infrastructure market segments. Internet of Things Group (IOTG) Includes platforms designed for Internet of Things market segments, including retail, transportation, industrial, video, buildings and smart cities, along with a broad range of other market segments. Non-Volatile Memory Solutions Group (NSG) Includes Intel® Optane™ SSD products and NAND flash memory products primarily used in solid-state drives. Intel Security Group (ISecG) Includes security software products designed to deliver innovative solutions that secure computers, mobile devices, and networks around the world. Programmable Solutions Group (PSG) Includes programmable semiconductors primarily field-programmable gate array (FPGAs) and related products for a broad range of market segments, including communications, data center, industrial, military, and automotive. All other Includes results from our other non-reportable segments and corporate-related charges. We offer platforms that incorporate various components and technologies, including a microprocessor and chipset, a stand-alone System-on-Chip, or a multichip package. A platform may be enhanced by additional hardware, software, and services offered by Intel. Platforms are used in various form factors across our CCG, DCG, and IOTG operating segments. We derive a substantial majority of our revenue from platforms, which is our principal product. In the third quarter of 2016, we announced our planned divestiture of ISecG, which closed on April 3, 2017, subsequent to the first quarter of 2017. We intend to recast our operating segment results to reflect the divestiture of ISecG to "all other" in the second quarter of 2017. For further information, see " Note 8: Acquisitions and Divestitures ." The “all other” category includes revenue, expenses, and charges such as: • results of operations from non-reportable segments; • amounts included within restructuring and other 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 Chief Operating Decision Maker (CODM), who is our Chief Executive Officer; • 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. We have allocated the remaining unallocated goodwill in "all other" from acquisitions completed in 2016 to our non-reportable operating segments. Net revenue and operating income (loss) for each period were as follows: Three Months Ended (In Millions) Apr 1, Apr 2, Net revenue: Client Computing Group Platform $ 7,397 $ 7,199 Other 579 350 7,976 7,549 Data Center Group Platform 3,879 3,707 Other 353 292 4,232 3,999 Internet of Things Group Platform 632 571 Other 89 80 721 651 Non-Volatile Memory Solutions Group 866 557 Intel Security Group 534 537 Programmable Solutions Group 425 359 All other 42 50 Total net revenue $ 14,796 $ 13,702 Operating income (loss): Client Computing Group $ 3,031 $ 1,885 Data Center Group 1,487 1,764 Internet of Things Group 105 123 Non-Volatile Memory Solutions Group (129 ) (95 ) Intel Security Group 95 85 Programmable Solutions Group 92 (200 ) All other (1,082 ) (994 ) Total operating income $ 3,599 $ 2,568 |
Earnings Per Share
Earnings Per Share | 3 Months Ended |
Apr. 01, 2017 | |
Earnings Per Share [Abstract] | |
Earnings Per Share [Text Block] | Note 4: Earnings Per Share We computed basic earnings per share of common stock based on the weighted average number of shares of common stock outstanding during the period. We computed diluted earnings per share of common stock based on the weighted average number of shares of common stock outstanding plus potentially dilutive shares of common stock outstanding during the period. Three Months Ended (In Millions, Except Per Share Amounts) Apr 1, Apr 2, Net income available to common stockholders $ 2,964 $ 2,046 Weighted average shares of common stock outstanding—basic 4,723 4,722 Dilutive effect of employee equity incentive plans 58 66 Dilutive effect of convertible debt 100 87 Weighted average shares of common stock outstanding—diluted 4,881 4,875 Basic earnings per share of common stock $ 0.63 $ 0.43 Diluted earnings per share of common stock $ 0.61 $ 0.42 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. In all periods presented, potentially dilutive securities which would have been antidilutive are insignificant and are excluded from the computation of diluted earnings per share. In all periods presented, 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 Financial Statement Detai
Other Financial Statement Details | 3 Months Ended |
Apr. 01, 2017 | |
Other Financial Statement Details [Abstract] | |
Other Financial Statement Details [Text Block] | Note 5: Other Financial Statement Details Inventories (In Millions) Apr 1, Dec 31, Raw materials $ 786 $ 695 Work in process 3,412 3,190 Finished goods 1,603 1,668 Total inventories $ 5,801 $ 5,553 Deferred Income (In Millions) Apr 1, Dec 31, Deferred income on shipments of components to distributors $ 1,461 $ 1,475 Deferred income from software, services and other 237 243 Current deferred income $ 1,698 $ 1,718 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 1, Apr 2, Share of equity method investee losses, net $ (11 ) $ (8 ) Impairments (48 ) (29 ) Gains on sales, net 274 96 Other, net 37 (37 ) Total gains (losses) on equity investments, net $ 252 $ 22 Interest and Other, Net The components of interest and other, net for each period were as follows: Three Months Ended (In Millions) Apr 1, Apr 2, Interest income $ 76 $ 52 Interest expense (146 ) (208 ) Other, net 34 74 Total interest and other, net $ (36 ) $ (82 ) Interest expense in the preceding table is net of $67 million of interest capitalized in the first three months of 2017 ( $22 million in the first three months of 2016 ). |
Restructuring and Other Charges
Restructuring and Other Charges | 3 Months Ended |
Apr. 01, 2017 | |
Restructuring Costs and Asset Impairment Charges [Abstract] | |
Restructuring and Other Charges [Text Block] | Note 6: Restructuring and Other Charges Three Months Ended (In Millions) Apr 1, 2016 Restructuring Program $ (11 ) Other charges 91 Total restructuring and other charges $ 80 2016 Restructuring Program In the second quarter of 2016, our management approved and commenced the 2016 Restructuring Program. We expect the program to be substantially complete by the second quarter of 2017. For further information, see "Note 7: Restructuring and Other Charges" in Part II, Item 8 of our 2016 Form 10-K. Restructuring and other charges by type for the 2016 Restructuring Program for the period were as follows: Three Months Ended (In Millions) Apr 1, Employee severance and benefit arrangements $ (21 ) Asset impairment and other charges 10 Total restructuring and other charges $ (11 ) Restructuring and other activity for the 2016 Restructuring Program for the first three months of 2017 was as follows: (In Millions) Employee Severance and Benefits Asset Impairments and Other Total Accrued restructuring balance as of December 31, 2016 $ 585 $ 10 $ 595 Additional accruals — 10 10 Adjustments (21 ) — (21 ) Cash payments (108 ) (8 ) (116 ) Non-cash settlements — (1 ) (1 ) Accrued restructuring balance as of April 1, 2017 $ 456 $ 11 $ 467 We recorded the additional accruals as restructuring and other charges in the consolidated condensed statement of income and within the "all other" operating segments category. Substantially all of the accrued restructuring balance as of April 1, 2017 is expected to be paid within the next 12 months and was recorded within accrued compensation and benefits on the consolidated condensed balance sheets. Restructuring actions related to this program that were approved in 2016 are expected to impact approximately 15,000 employees. Other charges Other charges primarily include costs associated with the Intel Security Group divestiture. Three Months Ended (In Millions) Apr 1, ISecG separation costs $ 73 Other 18 Total other charges $ 91 |
Investments
Investments | 3 Months Ended |
Apr. 01, 2017 | |
Investments and Cash [Abstract] | |
Investments [Text Block] | Note 7: Investments Available-for-Sale Investments April 1, 2017 December 31, 2016 (In Millions) Adjusted Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Adjusted Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Corporate debt $ 4,396 $ 7 $ (10 ) $ 4,393 $ 3,847 $ 4 $ (14 ) $ 3,837 Financial institution instruments 4,708 8 (10 ) 4,706 6,098 5 (11 ) 6,092 Government debt 1,417 1 (7 ) 1,411 1,581 — (8 ) 1,573 Marketable equity securities 2,649 4,182 — 6,831 2,818 3,363 (1 ) 6,180 Total available-for-sale investments $ 13,170 $ 4,198 $ (27 ) $ 17,341 $ 14,344 $ 3,372 $ (34 ) $ 17,682 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. A substantial majority of time deposits were issued by institutions outside the U.S. as of April 1, 2017 ( most time deposits were issued by institutions outside the U.S. as of December 31, 2016 ). During the first three months of 2017 , we sold available-for-sale investments for proceeds of $499 million ( $2.9 billion in the first three months of 2016 ). The gross realized gains on sales of available-for-sale investments were $266 million in the first three months of 2017 ( $86 million in the first three months of 2016 ). The fair value of available-for-sale debt investments, by contractual maturity, as of April 1, 2017 , were as follows: (In Millions) Fair Value Due in 1 year or less $ 4,287 Due in 1–2 years 1,647 Due in 2–5 years 3,357 Due after 5 years 145 Instruments not due at a single maturity date 1,074 Total $ 10,510 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. As of April 1, 2017 , we own a 49% interest in IMFT. The carrying value of our investment was $849 million as of April 1, 2017 ( $849 million as of December 31, 2016 ) 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. Our portion of IMFT costs, primarily related to product purchases and production-related services, was approximately $130 million in the first three months of 2017 (approximately $100 million in the first three months of 2016 ). The amount due to IMFT for product purchases and services provided was approximately $117 million as of April 1, 2017 (approximately $95 million as of December 31, 2016 ). 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. 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 1, 2017 . 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. Cloudera, Inc. Our investment in Cloudera, Inc. (Cloudera) 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. Our fully diluted ownership interest in Cloudera is 16% as of April 1, 2017 . The carrying value of our equity method investment was $215 million and of our cost method investment was $454 million as of April 1, 2017 ( $225 million for our equity method investment and $454 million for our cost method investment as of December 31, 2016 ). Non-marketable Cost Method Investments 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., a holding company under Tsinghua Unigroup. During 2015, we invested $966 million to complete the first phase of the equity investment and accounted for our interest using the cost method of accounting. Trading Assets Net gains related to trading assets still held at the reporting date were $217 million in the first three months of 2017 (net gains of $243 million in the first three months of 2016 ). Net losses on the related derivatives were $186 million in the first three months of 2017 (net losses of $234 million in the first three months of 2016 ). |
Acquisitions and Divestitures
Acquisitions and Divestitures | 3 Months Ended |
Apr. 01, 2017 | |
Business Combinations [Abstract] | |
Acquisitions [Text Block] | Note 8: Acquisitions and Divestitures Pending Acquisition of Mobileye During the first quarter of 2017, we entered into a definitive agreement to acquire Mobileye N.V. (Mobileye) . Pursuant to the terms of the agreement, a wholly-owned subsidiary of Intel commenced a tender offer on April 5, 2017 to acquire all of the issued and outstanding ordinary shares of Mobileye for $63.54 per share in cash, representing a fully-diluted equity value of approximately $15.3 billion . The transaction is expected to close within nine months of the date of the definitive agreement and is subject to certain regulatory approvals and customary closing conditions. Mobileye is a global leader in the development of computer vision and machine learning, data analysis, localization and mapping for advanced driver assistance systems and autonomous driving. This acquisition will combine Mobileye’s leading computer vision expertise with Intel’s high-performance computing and connectivity expertise to create automated driving solutions from cloud to car. Divestiture of Intel Security Group On September 7, 2016, we announced a definitive agreement with TPG VII Manta Holdings, L.P., now known as Manta Holdings, L.P. (TPG) to transfer certain assets and liabilities relating to ISecG to a newly formed, jointly-owned, separate cybersecurity company, called McAfee. The transaction closed on April 3, 2017, subsequent to the first quarter of 2017. The transaction is valued at $4.2 billion , for consideration of $3.1 billion and a 49% ownership interest in McAfee. Intel financed $2.2 billion of the consideration and the debt can be refinanced and repaid by McAfee and TPG. TPG owns a 51% ownership interest in McAfee. We will reflect the divestiture in our consolidated condensed financial statements in the second quarter of 2017. The carrying amounts of the major classes of ISecG assets and liabilities held for sale included the following: (In Millions) Apr 1, Accounts receivable $ 280 Goodwill 3,600 Identified intangible assets 966 Other assets 269 Total assets held for sale $ 5,115 Deferred income $ 1,552 Other liabilities 194 Total liabilities held for sale $ 1,746 In addition to total assets and liabilities held for sale are currency translation adjustments totaling $507 million . This amount, classified as other comprehensive income, is associated with currency charges on the carrying values of ISecG goodwill and identified intangible assets. We expect to recognize a pre-tax gain of approximately $375 million as well as a provision for taxes charge of approximately $850 million in the second quarter of 2017. We ceased recording depreciation and amortization on property, plant, and equipment and identified intangible assets, respectively, as of the date the assets triggered held for sale accounting. |
Identified Intangible Assets
Identified Intangible Assets | 3 Months Ended |
Apr. 01, 2017 | |
Intangible Assets, Net (Excluding Goodwill) [Abstract] | |
Identified Intangible Assets [Text Block] | Note 9: Identified Intangible Assets April 1, 2017 (In Millions) Gross Assets Accumulated Net Acquisition-related developed technology $ 7,340 $ (1,992 ) $ 5,348 Acquisition-related customer relationships 1,340 (190 ) 1,150 Acquisition-related brands 79 (16 ) 63 Licensed technology and patents 3,178 (1,390 ) 1,788 Identified intangible assets subject to amortization 11,937 (3,588 ) 8,349 In-process research and development 808 — 808 Identified intangible assets not subject to amortization 808 — 808 Total identified intangible assets $ 12,745 $ (3,588 ) $ 9,157 December 31, 2016 (In Millions) Gross Assets Accumulated Net Acquisition-related developed technology $ 7,405 $ (1,836 ) $ 5,569 Acquisition-related customer relationships 1,449 (260 ) 1,189 Acquisition-related brands 87 (21 ) 66 Licensed technology and patents 3,285 (1,423 ) 1,862 Identified intangible assets subject to amortization 12,226 (3,540 ) 8,686 In-process research and development 808 — 808 Identified intangible assets not subject to amortization 808 — 808 Total identified intangible assets $ 13,034 $ (3,540 ) $ 9,494 Amortization expenses recorded in the consolidated condensed statements of income for each period were as follows: Three Months Ended (In Millions) Location Apr 1, Apr 2, Acquisition-related developed technology Cost of sales $ 209 $ 235 Acquisition-related customer relationships Amortization of acquisition-related intangibles 35 83 Acquisition-related brands Amortization of acquisition-related intangibles 3 7 Licensed technology and patents Cost of sales 74 71 Total amortization expenses $ 321 $ 396 We expect future amortization expense for the next five years to be as follows: (In Millions) Remainder of 2017 2018 2019 2020 2021 Acquisition-related developed technology $ 592 $ 784 $ 782 $ 750 $ 715 Acquisition-related customer relationships 101 122 121 119 119 Acquisition-related brands 10 13 13 13 14 Licensed technology and patents 205 230 218 193 177 Total future amortization expenses $ 908 $ 1,149 $ 1,134 $ 1,075 $ 1,025 |
Other Long-Term Assets
Other Long-Term Assets | 3 Months Ended |
Apr. 01, 2017 | |
Other Assets, Noncurrent Disclosure [Abstract] | |
Other Long-Term Assets [Text Block] | Note 10: Other Long-Term Assets (In Millions) Apr 1, Dec 31, Equity method investments $ 1,315 $ 1,328 Non-marketable cost method investments 3,418 3,098 Non-current deferred tax assets 915 907 Pre-payments for property, plant and equipment 419 347 Loans receivable 360 236 Reverse repurchase agreements — 250 Other 1,016 993 Total other long-term assets $ 7,443 $ 7,159 |
Fair Value
Fair Value | 3 Months Ended |
Apr. 01, 2017 | |
Fair Value Disclosures [Abstract] | |
Fair Value [Text Block] | Note 11: Fair Value For information about our fair value policies, and methods and assumptions used in estimating the fair value of our financial assets and liabilities, see “Accounting Policies" note and "Fair Value" note in Part II, Item 8 of our 2016 Form 10-K. Assets and Liabilities Measured and Recorded at Fair Value on a Recurring Basis April 1, 2017 December 31, 2016 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 $ — $ 650 $ — $ 650 $ — $ 498 $ — $ 498 Financial institution instruments 1,075 528 — 1,603 1,920 811 — 2,731 Government debt — 50 — 50 — 332 — 332 Reverse repurchase agreements — 1,398 — 1,398 — 768 — 768 Short-term investments: Corporate debt 320 1,103 6 1,429 391 941 6 1,338 Financial institution instruments 253 1,140 — 1,393 119 1,484 — 1,603 Government debt 100 136 — 236 71 213 — 284 Trading assets: Asset-backed securities — 57 6 63 — 80 7 87 Corporate debt 2,307 598 — 2,905 2,237 610 — 2,847 Financial institution instruments 873 561 — 1,434 973 671 — 1,644 Government debt 2,313 2,588 — 4,901 2,063 1,673 — 3,736 Other current assets: Derivative assets — 285 — 285 — 382 — 382 Loans receivable — 215 — 215 — 326 — 326 Marketable equity securities 6,831 — — 6,831 6,180 — — 6,180 Other long-term investments: Corporate debt 1,644 664 6 2,314 1,126 869 6 2,001 Financial institution instruments 1,021 689 — 1,710 663 1,095 — 1,758 Government debt 888 237 — 1,125 681 276 — 957 Other long-term assets: Derivative assets — 74 9 83 — 31 9 40 Loans receivable — 360 — 360 — 236 — 236 Total assets measured and recorded at fair value 17,625 11,333 27 28,985 16,424 11,296 28 27,748 Liabilities Other accrued liabilities: Derivative liabilities — 304 — 304 — 371 — 371 Other long-term liabilities: Derivative liabilities — 193 30 223 — 179 33 212 Total liabilities measured and recorded at fair value $ — $ 497 $ 30 $ 527 $ — $ 550 $ 33 $ 583 During the first three months of 2017 , we transferred approximately $736 million of assets from Level 1 to Level 2 of the fair value hierarchy and approximately $762 million of assets from Level 2 to Level 1 ( $622 million of assets from Level 1 to Level 2 and $233 million from Level 2 to Level 1 during the first three months of 2016 ). These transfers were based on changes in market activity for the underlying instruments. Fair Value Option for Loans Receivable As of April 1, 2017 and December 31, 2016 , 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. 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. We classified non-marketable equity investments as Level 3. Impairments recognized on non-marketable equity investments held as of April 1, 2017 were $48 million during the first three months of 2017 (impairments recognized during the first three months of 2016 on non-marketable equity investments held as of April 2, 2016 were insignificant.) Financial Instruments Not Recorded at Fair Value on a Recurring Basis 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 1, 2017 (In Millions) Carrying Amount Fair Value Measured Using Fair Value Level 1 Level 2 Level 3 Grants receivable $ 359 $ — $ 360 $ — $ 360 Loans receivable $ 265 $ — $ 265 $ — $ 265 Non-marketable cost method investments $ 3,418 $ — $ — $ 4,287 $ 4,287 Reverse repurchase agreements $ 250 $ — $ 250 $ — $ 250 Short-term debt $ 5,043 $ 3,003 $ 2,567 $ — $ 5,570 Long-term debt $ 20,678 $ 8,618 $ 13,425 $ — $ 22,043 December 31, 2016 (In Millions) Carrying Amount Fair Value Measured Using Fair Value Level 1 Level 2 Level 3 Grants receivable $ 361 $ — $ 362 $ — $ 362 Loans receivable $ 265 $ — $ 265 $ — $ 265 Non-marketable cost method investments $ 3,098 $ — $ — $ 3,890 $ 3,890 Reverse repurchase agreements $ 250 $ — $ 250 $ — $ 250 Short-term debt $ 4,609 $ 3,006 $ 2,114 $ — $ 5,120 Long-term debt $ 20,649 $ 12,171 $ 9,786 $ — $ 21,957 The carrying amount and fair value of short-term debt exclude drafts payable. |
Other Comprehensive Income (Los
Other Comprehensive Income (Loss) | 3 Months Ended |
Apr. 01, 2017 | |
Equity [Abstract] | |
Other Comprehensive Income (Loss) [Text Block] | Note 12: Other Comprehensive Income (Loss) The changes in accumulated other comprehensive income (loss) by component and related tax effects in the first three months of 2017 were as follows: (In Millions) Unrealized Holding Gains (Losses) on Available-for-Sale Investments Unrealized Holding Gains (Losses) on Derivatives Prior Service Credits (Costs) Actuarial Gains (Losses) Foreign Currency Translation Adjustment Total December 31, 2016 $ 2,164 $ (259 ) $ (40 ) $ (1,240 ) $ (519 ) $ 106 Other comprehensive income (loss) before reclassifications 1,098 266 — (6 ) 1 1,359 Amounts reclassified out of accumulated other comprehensive income (loss) (263 ) (1 ) 2 22 — (240 ) Tax effects (292 ) (70 ) — — — (362 ) Other comprehensive income (loss) 543 195 2 16 1 757 April 1, 2017 $ 2,707 $ (64 ) $ (38 ) $ (1,224 ) $ (518 ) $ 863 The amounts reclassified out of accumulated other comprehensive income (loss) into the consolidated condensed statements of income for each period were as follows: Three Months Ended Comprehensive Income Components Apr 1, Apr 2, Location Unrealized holding gains (losses) 1 on available-for-sale investments: $ 263 $ 86 Gains (losses) on equity investments, net — (1 ) Interest and other, net 263 85 Unrealized holding gains (losses) on derivatives: Foreign currency contracts (20 ) (42 ) Cost of sales (16 ) (10 ) Research and development (5 ) (4 ) Marketing, general and administrative 4 — Gains (losses) on equity investments, net 38 34 Interest and other, net 1 (22 ) Amortization of pension and postretirement benefit components: Prior service credits (costs) (2 ) (2 ) Actuarial gains (losses) (22 ) (12 ) (24 ) (14 ) Total amounts reclassified out of accumulated other comprehensive income (loss) $ 240 $ 49 1 We determine the cost of the investment sold based on an average cost basis at the individual security level. 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 2016 Form 10-K. We estimate that we will reclassify approximately $60 million (before taxes) of net derivative losses included in accumulated other comprehensive income (loss) into earnings within the next 12 months. |
Derivative Financial Instrument
Derivative Financial Instruments | 3 Months Ended |
Apr. 01, 2017 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Derivative Financial Instruments [Text Block] | Note 13: Derivative Financial Instruments For information about our derivative policies, see “Accounting Policies" note in Part II, Item 8 of our 2016 Form 10-K. 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 1, Dec 31, Apr 2, Foreign currency contracts $ 18,575 $ 17,960 $ 17,520 Interest rate contracts 14,815 14,228 11,540 Other 1,357 1,340 1,210 Total $ 34,747 $ 33,528 $ 30,270 Fair Value of Derivative Instruments in the Consolidated Condensed Balance Sheets April 1, 2017 December 31, 2016 (In Millions) Assets 1 Liabilities 2 Assets 1 Liabilities 2 Derivatives designated as hedging instruments: Foreign currency contracts 3 $ 173 $ 94 $ 21 $ 252 Interest rate contracts 2 200 3 187 Total derivatives designated as hedging instruments 175 294 24 439 Derivatives not designated as hedging instruments: Foreign currency contracts 4 167 200 374 114 Interest rate contracts 16 33 15 30 Other 10 — 9 — Total derivatives not designated as hedging instruments 193 233 398 144 Total derivatives $ 368 $ 527 $ 422 $ 583 1 Derivative assets are recorded as other assets, current and non-current in the consolidated condensed balance sheets. 2 Derivative liabilities are recorded as other liabilities, current and non-current in the consolidated condensed balance sheets. 3 The substantial majority of these instruments mature within 12 months. 4 The majority of these instruments mature within 12 months. 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 1, 2017 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 $ 357 $ — $ 357 $ (243 ) $ (82 ) $ 32 Reverse repurchase agreements 1,648 — 1,648 — (1,648 ) — Total assets 2,005 — 2,005 (243 ) (1,730 ) 32 Liabilities: Derivative liabilities subject to master netting arrangements 499 — 499 (243 ) (240 ) 16 Total liabilities $ 499 $ — $ 499 $ (243 ) $ (240 ) $ 16 December 31, 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 $ 433 $ — $ 433 $ (368 ) $ (42 ) $ 23 Reverse repurchase agreements 1,018 — 1,018 — (1,018 ) — Total assets 1,451 — 1,451 (368 ) (1,060 ) 23 Liabilities: Derivative liabilities subject to master netting arrangements 588 — 588 (368 ) (201 ) 19 Total liabilities $ 588 $ — $ 588 $ (368 ) $ (201 ) $ 19 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 net gains or losses, attributed to the effective portion of cash flow hedges, recognized in other comprehensive income (loss), were $266 million net gains in the first three months of 2017 ($ 243 million net gains in first three months of 2016 ). Substantially all of our cash flow hedges are foreign currency contracts for first three months of 2017 and 2016 . During the first three months of 2017 and 2016, hedge ineffectiveness and amounts excluded from effectiveness testing were insignificant . 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 12: 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 1, Apr 2, Interest rate contracts $ (14 ) $ 162 Hedged items 14 (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 1, Apr 2, Foreign currency contracts Interest and other, net $ (160 ) $ (238 ) Other Various 56 4 Total $ (104 ) $ (234 ) |
Employee Equity Incentive Plans
Employee Equity Incentive Plans | 3 Months Ended |
Apr. 01, 2017 | |
Employee Benefits and Share-based Compensation [Abstract] | |
Employee Equity Incentive Plans [Text Block] | Note 14: 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. The 2006 Equity Incentive Plan has 210 million shares of common stock remaining through June 2018 for future grants. Share-Based Compensation Share-based compensation expense recognized was $397 million in the first three months of 2017 ( $448 million in the first three months of 2016 ). Restricted Stock Unit Awards Restricted stock unit activity in the first three months of 2017 was as follows: Number of RSUs (In Millions) Weighted Average Grant-Date Fair Value December 31, 2016 106.8 $ 28.99 Granted 7.4 $ 36.38 Vested (3.4 ) $ 30.72 Forfeited (2.1 ) $ 29.35 April 1, 2017 108.7 $ 29.43 The aggregate fair value of awards that vested in the first three months of 2017 was $172 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 2017 was $105 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. Stock Purchase Plan 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. The 2006 Stock Purchase Plan has 157 million shares of common stock remaining through August 2021 for issuance. Employees purchased 8 million shares of common stock in the first three months of 2017 for $235 million ( 9.2 million shares of common stock in the first three months of 2016 for $227 million ) under the 2006 Stock Purchase Plan. |
Contingencies
Contingencies | 3 Months Ended |
Apr. 01, 2017 | |
Commitments and Contingencies Disclosure [Abstract] | |
Contingencies [Text Block] | Note 15: 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. European Commission Competition Matter 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 held oral argument in June 2016. In October 2016, Advocate General Wahl, an advisor to the Court of Justice, issued a non-binding advisory opinion which favored Intel on a number of grounds, with the 25-judge grand chamber’s decision expected in 2017 . 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 former officers. 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 former officers. The lawsuit makes allegations substantially similar to those in the California shareholder derivative litigation described above, but additionally alleges breach of the duty of disclosure with respect to In re High Tech Employee Antitrust Litigation and that Intel's 2013 and 2014 proxy statements 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 PRSSL 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. In August 2016, Intel filed a motion to dismiss Esposito’s complaint. In November 2016, the court granted Intel’s motion to dismiss the case, without leave to amend. Esposito may appeal this decision. 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 (Tables) | 3 Months Ended |
Apr. 01, 2017 | |
Segment Reporting [Abstract] | |
Schedule of Segment Reporting Information, by Segment [Table Text Block] | revenue and operating income (loss) for each period were as follows: Three Months Ended (In Millions) Apr 1, Apr 2, Net revenue: Client Computing Group Platform $ 7,397 $ 7,199 Other 579 350 7,976 7,549 Data Center Group Platform 3,879 3,707 Other 353 292 4,232 3,999 Internet of Things Group Platform 632 571 Other 89 80 721 651 Non-Volatile Memory Solutions Group 866 557 Intel Security Group 534 537 Programmable Solutions Group 425 359 All other 42 50 Total net revenue $ 14,796 $ 13,702 Operating income (loss): Client Computing Group $ 3,031 $ 1,885 Data Center Group 1,487 1,764 Internet of Things Group 105 123 Non-Volatile Memory Solutions Group (129 ) (95 ) Intel Security Group 95 85 Programmable Solutions Group 92 (200 ) All other (1,082 ) (994 ) Total operating income $ 3,599 $ 2,568 |
Earnings Per Share (Tables)
Earnings Per Share (Tables) | 3 Months Ended |
Apr. 01, 2017 | |
Earnings Per Share [Abstract] | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | Three Months Ended (In Millions, Except Per Share Amounts) Apr 1, Apr 2, Net income available to common stockholders $ 2,964 $ 2,046 Weighted average shares of common stock outstanding—basic 4,723 4,722 Dilutive effect of employee equity incentive plans 58 66 Dilutive effect of convertible debt 100 87 Weighted average shares of common stock outstanding—diluted 4,881 4,875 Basic earnings per share of common stock $ 0.63 $ 0.43 Diluted earnings per share of common stock $ 0.61 $ 0.42 |
Other Financial Statement Det24
Other Financial Statement Details (Tables) | 3 Months Ended |
Apr. 01, 2017 | |
Other Financial Statement Details [Abstract] | |
Schedule of Inventory, Current [Table Text Block] | (In Millions) Apr 1, Dec 31, Raw materials $ 786 $ 695 Work in process 3,412 3,190 Finished goods 1,603 1,668 Total inventories $ 5,801 $ 5,553 |
Deferred Revenue, by Arrangement, Disclosure [Table Text Block] | (In Millions) Apr 1, Dec 31, Deferred income on shipments of components to distributors $ 1,461 $ 1,475 Deferred income from software, services and other 237 243 Current deferred income $ 1,698 $ 1,718 |
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 1, Apr 2, Share of equity method investee losses, net $ (11 ) $ (8 ) Impairments (48 ) (29 ) Gains on sales, net 274 96 Other, net 37 (37 ) Total gains (losses) on equity investments, net $ 252 $ 22 |
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 1, Apr 2, Interest income $ 76 $ 52 Interest expense (146 ) (208 ) Other, net 34 74 Total interest and other, net $ (36 ) $ (82 ) |
Restructuring and Other Charg25
Restructuring and Other Charges (Tables) | 3 Months Ended |
Apr. 01, 2017 | |
Restructuring Cost and Reserve [Line Items] | |
Restructuring and Related Costs [Table Text Block] | Three Months Ended (In Millions) Apr 1, 2016 Restructuring Program $ (11 ) Other charges 91 Total restructuring and other charges $ 80 Three Months Ended (In Millions) Apr 1, ISecG separation costs $ 73 Other 18 Total other charges $ 91 |
2016 Restructuring Program [Member] | |
Restructuring Cost and Reserve [Line Items] | |
Restructuring and Related Costs [Table Text Block] | Restructuring and other charges by type for the 2016 Restructuring Program for the period were as follows: Three Months Ended (In Millions) Apr 1, Employee severance and benefit arrangements $ (21 ) Asset impairment and other charges 10 Total restructuring and other charges $ (11 ) |
Schedule of Restructuring Reserve by Type of Cost [Table Text Block] | Restructuring and other activity for the 2016 Restructuring Program for the first three months of 2017 was as follows: (In Millions) Employee Severance and Benefits Asset Impairments and Other Total Accrued restructuring balance as of December 31, 2016 $ 585 $ 10 $ 595 Additional accruals — 10 10 Adjustments (21 ) — (21 ) Cash payments (108 ) (8 ) (116 ) Non-cash settlements — (1 ) (1 ) Accrued restructuring balance as of April 1, 2017 $ 456 $ 11 $ 467 |
Investments (Tables)
Investments (Tables) | 3 Months Ended |
Apr. 01, 2017 | |
Schedule of Available-For-Sale Securities [Line Items] | |
Schedule of Available-for-sale Securities Reconciliation [Table Text Block] | April 1, 2017 December 31, 2016 (In Millions) Adjusted Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Adjusted Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Corporate debt $ 4,396 $ 7 $ (10 ) $ 4,393 $ 3,847 $ 4 $ (14 ) $ 3,837 Financial institution instruments 4,708 8 (10 ) 4,706 6,098 5 (11 ) 6,092 Government debt 1,417 1 (7 ) 1,411 1,581 — (8 ) 1,573 Marketable equity securities 2,649 4,182 — 6,831 2,818 3,363 (1 ) 6,180 Total available-for-sale investments $ 13,170 $ 4,198 $ (27 ) $ 17,341 $ 14,344 $ 3,372 $ (34 ) $ 17,682 |
Available-for-sale Securities [Member] | |
Schedule of Available-For-Sale Securities [Line Items] | |
Investments Classified by Contractual Maturity Date [Table Text Block] | The fair value of available-for-sale debt investments, by contractual maturity, as of April 1, 2017 , were as follows: (In Millions) Fair Value Due in 1 year or less $ 4,287 Due in 1–2 years 1,647 Due in 2–5 years 3,357 Due after 5 years 145 Instruments not due at a single maturity date 1,074 Total $ 10,510 |
Acquisitions and Divestitures (
Acquisitions and Divestitures (Tables) | 3 Months Ended |
Apr. 01, 2017 | |
Disposal Group, Held-for-sale, Not Discontinued Operations [Member] | Intel Security Group [Member] | |
Business Acquisition [Line Items] | |
Disposal Groups, Including Discontinued Operations [Table Text Block] | The carrying amounts of the major classes of ISecG assets and liabilities held for sale included the following: (In Millions) Apr 1, Accounts receivable $ 280 Goodwill 3,600 Identified intangible assets 966 Other assets 269 Total assets held for sale $ 5,115 Deferred income $ 1,552 Other liabilities 194 Total liabilities held for sale $ 1,746 |
Identified Intangible Assets (T
Identified Intangible Assets (Tables) | 3 Months Ended |
Apr. 01, 2017 | |
Intangible Assets, Net (Excluding Goodwill) [Abstract] | |
Schedule of Finite-Lived Intangible Assets [Table Text Block] | April 1, 2017 (In Millions) Gross Assets Accumulated Net Acquisition-related developed technology $ 7,340 $ (1,992 ) $ 5,348 Acquisition-related customer relationships 1,340 (190 ) 1,150 Acquisition-related brands 79 (16 ) 63 Licensed technology and patents 3,178 (1,390 ) 1,788 Identified intangible assets subject to amortization 11,937 (3,588 ) 8,349 In-process research and development 808 — 808 Identified intangible assets not subject to amortization 808 — 808 Total identified intangible assets $ 12,745 $ (3,588 ) $ 9,157 December 31, 2016 (In Millions) Gross Assets Accumulated Net Acquisition-related developed technology $ 7,405 $ (1,836 ) $ 5,569 Acquisition-related customer relationships 1,449 (260 ) 1,189 Acquisition-related brands 87 (21 ) 66 Licensed technology and patents 3,285 (1,423 ) 1,862 Identified intangible assets subject to amortization 12,226 (3,540 ) 8,686 In-process research and development 808 — 808 Identified intangible assets not subject to amortization 808 — 808 Total identified intangible assets $ 13,034 $ (3,540 ) $ 9,494 |
Schedule of Indefinite-Lived Intangible Assets [Table Text Block] | April 1, 2017 (In Millions) Gross Assets Accumulated Net Acquisition-related developed technology $ 7,340 $ (1,992 ) $ 5,348 Acquisition-related customer relationships 1,340 (190 ) 1,150 Acquisition-related brands 79 (16 ) 63 Licensed technology and patents 3,178 (1,390 ) 1,788 Identified intangible assets subject to amortization 11,937 (3,588 ) 8,349 In-process research and development 808 — 808 Identified intangible assets not subject to amortization 808 — 808 Total identified intangible assets $ 12,745 $ (3,588 ) $ 9,157 December 31, 2016 (In Millions) Gross Assets Accumulated Net Acquisition-related developed technology $ 7,405 $ (1,836 ) $ 5,569 Acquisition-related customer relationships 1,449 (260 ) 1,189 Acquisition-related brands 87 (21 ) 66 Licensed technology and patents 3,285 (1,423 ) 1,862 Identified intangible assets subject to amortization 12,226 (3,540 ) 8,686 In-process research and development 808 — 808 Identified intangible assets not subject to amortization 808 — 808 Total identified intangible assets $ 13,034 $ (3,540 ) $ 9,494 |
Finite-lived Intangible Assets Amortization Expense [Table Text Block] | Amortization expenses recorded in the consolidated condensed statements of income for each period were as follows: Three Months Ended (In Millions) Location Apr 1, Apr 2, Acquisition-related developed technology Cost of sales $ 209 $ 235 Acquisition-related customer relationships Amortization of acquisition-related intangibles 35 83 Acquisition-related brands Amortization of acquisition-related intangibles 3 7 Licensed technology and patents Cost of sales 74 71 Total amortization expenses $ 321 $ 396 |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] | We expect future amortization expense for the next five years to be as follows: (In Millions) Remainder of 2017 2018 2019 2020 2021 Acquisition-related developed technology $ 592 $ 784 $ 782 $ 750 $ 715 Acquisition-related customer relationships 101 122 121 119 119 Acquisition-related brands 10 13 13 13 14 Licensed technology and patents 205 230 218 193 177 Total future amortization expenses $ 908 $ 1,149 $ 1,134 $ 1,075 $ 1,025 |
Other Long-Term Assets (Tables)
Other Long-Term Assets (Tables) | 3 Months Ended |
Apr. 01, 2017 | |
Other Assets, Noncurrent Disclosure [Abstract] | |
Schedule of Other Assets, Noncurrent [Table Text Block] | (In Millions) Apr 1, Dec 31, Equity method investments $ 1,315 $ 1,328 Non-marketable cost method investments 3,418 3,098 Non-current deferred tax assets 915 907 Pre-payments for property, plant and equipment 419 347 Loans receivable 360 236 Reverse repurchase agreements — 250 Other 1,016 993 Total other long-term assets $ 7,443 $ 7,159 |
Fair Value (Tables)
Fair Value (Tables) | 3 Months Ended |
Apr. 01, 2017 | |
Fair Value Disclosures [Abstract] | |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | April 1, 2017 December 31, 2016 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 $ — $ 650 $ — $ 650 $ — $ 498 $ — $ 498 Financial institution instruments 1,075 528 — 1,603 1,920 811 — 2,731 Government debt — 50 — 50 — 332 — 332 Reverse repurchase agreements — 1,398 — 1,398 — 768 — 768 Short-term investments: Corporate debt 320 1,103 6 1,429 391 941 6 1,338 Financial institution instruments 253 1,140 — 1,393 119 1,484 — 1,603 Government debt 100 136 — 236 71 213 — 284 Trading assets: Asset-backed securities — 57 6 63 — 80 7 87 Corporate debt 2,307 598 — 2,905 2,237 610 — 2,847 Financial institution instruments 873 561 — 1,434 973 671 — 1,644 Government debt 2,313 2,588 — 4,901 2,063 1,673 — 3,736 Other current assets: Derivative assets — 285 — 285 — 382 — 382 Loans receivable — 215 — 215 — 326 — 326 Marketable equity securities 6,831 — — 6,831 6,180 — — 6,180 Other long-term investments: Corporate debt 1,644 664 6 2,314 1,126 869 6 2,001 Financial institution instruments 1,021 689 — 1,710 663 1,095 — 1,758 Government debt 888 237 — 1,125 681 276 — 957 Other long-term assets: Derivative assets — 74 9 83 — 31 9 40 Loans receivable — 360 — 360 — 236 — 236 Total assets measured and recorded at fair value 17,625 11,333 27 28,985 16,424 11,296 28 27,748 Liabilities Other accrued liabilities: Derivative liabilities — 304 — 304 — 371 — 371 Other long-term liabilities: Derivative liabilities — 193 30 223 — 179 33 212 Total liabilities measured and recorded at fair value $ — $ 497 $ 30 $ 527 $ — $ 550 $ 33 $ 583 |
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 1, 2017 (In Millions) Carrying Amount Fair Value Measured Using Fair Value Level 1 Level 2 Level 3 Grants receivable $ 359 $ — $ 360 $ — $ 360 Loans receivable $ 265 $ — $ 265 $ — $ 265 Non-marketable cost method investments $ 3,418 $ — $ — $ 4,287 $ 4,287 Reverse repurchase agreements $ 250 $ — $ 250 $ — $ 250 Short-term debt $ 5,043 $ 3,003 $ 2,567 $ — $ 5,570 Long-term debt $ 20,678 $ 8,618 $ 13,425 $ — $ 22,043 December 31, 2016 (In Millions) Carrying Amount Fair Value Measured Using Fair Value Level 1 Level 2 Level 3 Grants receivable $ 361 $ — $ 362 $ — $ 362 Loans receivable $ 265 $ — $ 265 $ — $ 265 Non-marketable cost method investments $ 3,098 $ — $ — $ 3,890 $ 3,890 Reverse repurchase agreements $ 250 $ — $ 250 $ — $ 250 Short-term debt $ 4,609 $ 3,006 $ 2,114 $ — $ 5,120 Long-term debt $ 20,649 $ 12,171 $ 9,786 $ — $ 21,957 |
Other Comprehensive Income (L31
Other Comprehensive Income (Loss) (Tables) | 3 Months Ended |
Apr. 01, 2017 | |
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 2017 were as follows: (In Millions) Unrealized Holding Gains (Losses) on Available-for-Sale Investments Unrealized Holding Gains (Losses) on Derivatives Prior Service Credits (Costs) Actuarial Gains (Losses) Foreign Currency Translation Adjustment Total December 31, 2016 $ 2,164 $ (259 ) $ (40 ) $ (1,240 ) $ (519 ) $ 106 Other comprehensive income (loss) before reclassifications 1,098 266 — (6 ) 1 1,359 Amounts reclassified out of accumulated other comprehensive income (loss) (263 ) (1 ) 2 22 — (240 ) Tax effects (292 ) (70 ) — — — (362 ) Other comprehensive income (loss) 543 195 2 16 1 757 April 1, 2017 $ 2,707 $ (64 ) $ (38 ) $ (1,224 ) $ (518 ) $ 863 |
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 for each period were as follows: Three Months Ended Comprehensive Income Components Apr 1, Apr 2, Location Unrealized holding gains (losses) 1 on available-for-sale investments: $ 263 $ 86 Gains (losses) on equity investments, net — (1 ) Interest and other, net 263 85 Unrealized holding gains (losses) on derivatives: Foreign currency contracts (20 ) (42 ) Cost of sales (16 ) (10 ) Research and development (5 ) (4 ) Marketing, general and administrative 4 — Gains (losses) on equity investments, net 38 34 Interest and other, net 1 (22 ) Amortization of pension and postretirement benefit components: Prior service credits (costs) (2 ) (2 ) Actuarial gains (losses) (22 ) (12 ) (24 ) (14 ) Total amounts reclassified out of accumulated other comprehensive income (loss) $ 240 $ 49 |
Derivative Financial Instrume32
Derivative Financial Instruments (Tables) | 3 Months Ended |
Apr. 01, 2017 | |
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 1, Dec 31, Apr 2, Foreign currency contracts $ 18,575 $ 17,960 $ 17,520 Interest rate contracts 14,815 14,228 11,540 Other 1,357 1,340 1,210 Total $ 34,747 $ 33,528 $ 30,270 |
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block] | April 1, 2017 December 31, 2016 (In Millions) Assets 1 Liabilities 2 Assets 1 Liabilities 2 Derivatives designated as hedging instruments: Foreign currency contracts 3 $ 173 $ 94 $ 21 $ 252 Interest rate contracts 2 200 3 187 Total derivatives designated as hedging instruments 175 294 24 439 Derivatives not designated as hedging instruments: Foreign currency contracts 4 167 200 374 114 Interest rate contracts 16 33 15 30 Other 10 — 9 — Total derivatives not designated as hedging instruments 193 233 398 144 Total derivatives $ 368 $ 527 $ 422 $ 583 |
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 1, 2017 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 $ 357 $ — $ 357 $ (243 ) $ (82 ) $ 32 Reverse repurchase agreements 1,648 — 1,648 — (1,648 ) — Total assets 2,005 — 2,005 (243 ) (1,730 ) 32 Liabilities: Derivative liabilities subject to master netting arrangements 499 — 499 (243 ) (240 ) 16 Total liabilities $ 499 $ — $ 499 $ (243 ) $ (240 ) $ 16 December 31, 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 $ 433 $ — $ 433 $ (368 ) $ (42 ) $ 23 Reverse repurchase agreements 1,018 — 1,018 — (1,018 ) — Total assets 1,451 — 1,451 (368 ) (1,060 ) 23 Liabilities: Derivative liabilities subject to master netting arrangements 588 — 588 (368 ) (201 ) 19 Total liabilities $ 588 $ — $ 588 $ (368 ) $ (201 ) $ 19 |
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 1, Apr 2, Foreign currency contracts Interest and other, net $ (160 ) $ (238 ) Other Various 56 4 Total $ (104 ) $ (234 ) |
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 1, Apr 2, Interest rate contracts $ (14 ) $ 162 Hedged items 14 (162 ) Total $ — $ — |
Employee Equity Incentive Pla33
Employee Equity Incentive Plans (Tables) | 3 Months Ended |
Apr. 01, 2017 | |
Employee Benefits and Share-based Compensation [Abstract] | |
Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block] | Restricted stock unit activity in the first three months of 2017 was as follows: Number of RSUs (In Millions) Weighted Average Grant-Date Fair Value December 31, 2016 106.8 $ 28.99 Granted 7.4 $ 36.38 Vested (3.4 ) $ 30.72 Forfeited (2.1 ) $ 29.35 April 1, 2017 108.7 $ 29.43 |
Recent Accounting Standards (De
Recent Accounting Standards (Details) $ in Millions | 3 Months Ended |
Apr. 01, 2017USD ($) | |
Adjustments for New Accounting Pronouncement [Member] | Interest and other, net [Member] | |
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |
New Accounting Pronouncement or Change in Accounting Principle, Effect of Change on Operating Results | $ 260 |
Operating Segments Informatio35
Operating Segments Information (Detail) - USD ($) $ in Millions | 3 Months Ended | |
Apr. 01, 2017 | Apr. 02, 2016 | |
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract] | ||
Net revenue | $ 14,796 | $ 13,702 |
Operating income (loss) | 3,599 | 2,568 |
Client Computing Group [Member] | ||
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract] | ||
Net revenue | 7,976 | 7,549 |
Operating income (loss) | 3,031 | 1,885 |
Client Computing Group [Member] | Platform [Member] | ||
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract] | ||
Net revenue | 7,397 | 7,199 |
Client Computing Group [Member] | Other [Member] | ||
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract] | ||
Net revenue | 579 | 350 |
Data Center Group [Member] | ||
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract] | ||
Net revenue | 4,232 | 3,999 |
Operating income (loss) | 1,487 | 1,764 |
Data Center Group [Member] | Platform [Member] | ||
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract] | ||
Net revenue | 3,879 | 3,707 |
Data Center Group [Member] | Other [Member] | ||
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract] | ||
Net revenue | 353 | 292 |
Internet of Things Group [Member] | ||
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract] | ||
Net revenue | 721 | 651 |
Operating income (loss) | 105 | 123 |
Internet of Things Group [Member] | Platform [Member] | ||
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract] | ||
Net revenue | 632 | 571 |
Internet of Things Group [Member] | Other [Member] | ||
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract] | ||
Net revenue | 89 | 80 |
Non-Volatile Memory Solutions Group [Member] | ||
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract] | ||
Net revenue | 866 | 557 |
Operating income (loss) | (129) | (95) |
Intel Security Group [Member] | ||
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract] | ||
Net revenue | 534 | 537 |
Operating income (loss) | 95 | 85 |
Programmable Solutions Group [Member] | ||
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract] | ||
Net revenue | 425 | 359 |
Operating income (loss) | 92 | (200) |
All other [Member] | ||
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract] | ||
Net revenue | 42 | 50 |
Operating income (loss) | $ (1,082) | $ (994) |
Earnings Per Share (Detail)
Earnings Per Share (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions | 3 Months Ended | |
Apr. 01, 2017 | Apr. 02, 2016 | |
Earnings Per Share [Abstract] | ||
Net income | $ 2,964 | $ 2,046 |
Weighted average shares of common stock outstanding—basic | 4,723 | 4,722 |
Dilutive effect of employee equity incentive plans (shares) | 58 | 66 |
Dilutive effect of convertible debt (shares) | 100 | 87 |
Weighted average shares of common stock outstanding—diluted | 4,881 | 4,875 |
Basic earnings per share of common stock (in dollars per share) | $ 0.63 | $ 0.43 |
Diluted earnings per share of common stock (in dollars per share) | $ 0.61 | $ 0.42 |
Other Financial Statement Det37
Other Financial Statement Details Inventories (Details) - USD ($) $ in Millions | Apr. 01, 2017 | Dec. 31, 2016 |
Inventory, Net [Abstract] | ||
Raw materials | $ 786 | $ 695 |
Work in process | 3,412 | 3,190 |
Finished goods | 1,603 | 1,668 |
Total inventories | $ 5,801 | $ 5,553 |
Other Financial Statement Det38
Other Financial Statement Details Deferred Revenue (Details) - USD ($) $ in Millions | Apr. 01, 2017 | Dec. 31, 2016 |
Deferred Revenue Arrangement [Line Items] | ||
Current deferred income | $ 1,698 | $ 1,718 |
Shipments of components to distributors [Member] | ||
Deferred Revenue Arrangement [Line Items] | ||
Current deferred income | 1,461 | 1,475 |
Software Services And Other [Member] | ||
Deferred Revenue Arrangement [Line Items] | ||
Current deferred income | $ 237 | $ 243 |
Other Financial Statement Det39
Other Financial Statement Details Gain (Loss) on Investments (Details) - USD ($) $ in Millions | 3 Months Ended | |
Apr. 01, 2017 | Apr. 02, 2016 | |
Gain (Loss) on Investments [Line Items] | ||
Share of equity method investee losses, net | $ (11) | $ (8) |
Impairments | (48) | (29) |
Other, net | 37 | (37) |
Gains (losses) on equity investments, net | 252 | 22 |
Equity Securities [Member] | ||
Gain (Loss) on Investments [Line Items] | ||
Gains on sales, net | $ 274 | $ 96 |
Other Financial Statement Det40
Other Financial Statement Details Interest and Other, Net (Details) - USD ($) $ in Millions | 3 Months Ended | |
Apr. 01, 2017 | Apr. 02, 2016 | |
Other Nonoperating Income (Expense) [Abstract] | ||
Investment Income, Interest | $ 76 | $ 52 |
Interest Expense | 146 | 208 |
Other Net Interest And Other | 34 | 74 |
Other Nonoperating Income (Expense) | (36) | (82) |
Interest Costs Capitalized | $ (67) | $ (22) |
Restructuring and Other Charg41
Restructuring and Other Charges (Detail) $ in Millions | 3 Months Ended | |
Apr. 01, 2017USD ($)Employee | Apr. 02, 2016USD ($) | |
Restructuring Cost and Reserve [Line Items] | ||
Restructuring and other charges | $ 80 | $ 0 |
Other Nonrecurring Expense | 91 | |
Asset impairments and other restructuring [Member] | ||
Restructuring Cost and Reserve [Line Items] | ||
Other Nonrecurring Expense | 18 | |
ISecG separation costs [Member] | ||
Restructuring Cost and Reserve [Line Items] | ||
Other Nonrecurring Expense | 73 | |
2016 Restructuring Program [Member] | ||
Restructuring Cost and Reserve [Line Items] | ||
Restructuring and other charges | (11) | |
Restructuring and Related Cost, Incurred Cost | (11) | |
Restructuring Reserve [Roll Forward] | ||
Accrued restructuring, Beginning Balance | 595 | |
Accrued restructuring, Ending Balance | 467 | |
Restructuring Charges | 10 | |
Restructuring Reserve, Accrual Adjustment | (21) | |
Payments for Restructuring | (116) | |
Restructuring Reserve, Settled without Cash | $ (1) | |
Restructuring and Related Cost, Expected Number of Positions Eliminated | Employee | 15,000 | |
2016 Restructuring Program [Member] | Employee severance and benefit arrangements [Member] | ||
Restructuring Cost and Reserve [Line Items] | ||
Restructuring and Related Cost, Incurred Cost | $ (21) | |
Restructuring Reserve [Roll Forward] | ||
Accrued restructuring, Beginning Balance | 585 | |
Accrued restructuring, Ending Balance | 456 | |
Restructuring Charges | 0 | |
Restructuring Reserve, Accrual Adjustment | (21) | |
Payments for Restructuring | (108) | |
Restructuring Reserve, Settled without Cash | 0 | |
2016 Restructuring Program [Member] | Asset impairments and other restructuring [Member] | ||
Restructuring Cost and Reserve [Line Items] | ||
Restructuring and Related Cost, Incurred Cost | 10 | |
Restructuring Reserve [Roll Forward] | ||
Accrued restructuring, Beginning Balance | 10 | |
Accrued restructuring, Ending Balance | 11 | |
Restructuring Charges | 10 | |
Restructuring Reserve, Accrual Adjustment | 0 | |
Payments for Restructuring | (8) | |
Restructuring Reserve, Settled without Cash | $ (1) |
Investments, Available-for-Sale
Investments, Available-for-Sale Investments (Detail) - USD ($) $ in Millions | 3 Months Ended | ||
Apr. 01, 2017 | Apr. 02, 2016 | Dec. 31, 2016 | |
Available-for-sale Securities [Abstract] | |||
Fair Value | $ 10,510 | ||
Adjusted Cost, Total | 13,170 | $ 14,344 | |
Gross Unrealized Gains, Total | 4,198 | 3,372 | |
Gross Unrealized Losses, Total | (27) | (34) | |
Fair Value, Total | 17,341 | 17,682 | |
Available-for-sale Securities, Gross Realized Gains (Losses), Sale Proceeds | 499 | $ 2,900 | |
Available-for-sale Securities, Gross Realized Gains | 266 | $ 86 | |
Due in 1 year or less, Fair Value | 4,287 | ||
Due in 1-2 years, Fair Value | 1,647 | ||
Due in 2-5 years, Fair Value | 3,357 | ||
Available-for-sale Securities, Debt Maturities, Year Six Through Ten, Fair Value | 145 | ||
Instruments not due at a single maturity date, Fair Value | 1,074 | ||
Corporate Debt Securities [Member] | |||
Available-for-sale Securities [Abstract] | |||
Adjusted Cost | 4,396 | 3,847 | |
Gross Unrealized Gains | 7 | 4 | |
Gross Unrealized Losses | (10) | (14) | |
Fair Value | 4,393 | 3,837 | |
Financial Institution Instruments [Member] | |||
Available-for-sale Securities [Abstract] | |||
Adjusted Cost | 4,708 | 6,098 | |
Gross Unrealized Gains | 8 | 5 | |
Gross Unrealized Losses | (10) | (11) | |
Fair Value | 4,706 | 6,092 | |
Government Debt [Member] | |||
Available-for-sale Securities [Abstract] | |||
Adjusted Cost | 1,417 | 1,581 | |
Gross Unrealized Gains | 1 | 0 | |
Gross Unrealized Losses | (7) | (8) | |
Fair Value | 1,411 | 1,573 | |
Marketable Equity Securities [Member] | |||
Available-for-sale Securities [Abstract] | |||
Adjusted Cost | 2,649 | 2,818 | |
Gross Unrealized Gains | 4,182 | 3,363 | |
Gross Unrealized Losses | 0 | (1) | |
Fair Value | $ 6,831 | $ 6,180 |
Investments, Equity Method Inve
Investments, Equity Method Investments (Detail) - USD ($) $ in Millions | 3 Months Ended | ||
Apr. 01, 2017 | Apr. 02, 2016 | Dec. 31, 2016 | |
Schedule of Equity Method Investments [Line Items] | |||
Carrying Value, equity method investments | $ 1,315 | $ 1,328 | |
Carrying Value, cost method investments | $ 3,418 | 3,098 | |
IM Flash Technologies, LLC [Member] | |||
Schedule of Equity Method Investments [Line Items] | |||
Ownership Percentage | 49.00% | ||
Carrying Value, equity method investments | $ 849 | 849 | |
Percentage Of Purchase Commitment Of Production Output And Production Related Services | 49.00% | ||
Related Party Transactions [Abstract] | |||
Related Party Transaction, Purchases from Related Party | $ 130 | $ 100 | |
Due to Related Parties | $ 117 | 95 | |
Cloudera, Inc. [Member] | |||
Schedule of Equity Method Investments [Line Items] | |||
Ownership Percentage | 16.00% | ||
Carrying Value, equity method investments | $ 215 | 225 | |
Carrying Value, cost method investments | $ 454 | $ 454 |
Investments, Non-marketable Cos
Investments, Non-marketable Cost Method Investments (Details) $ in Millions, ¥ in Billions | Apr. 01, 2017CNY (¥) | Apr. 01, 2017USD ($) | Dec. 31, 2016USD ($) |
Schedule of Cost-method Investments [Line Items] | |||
Carrying Value, cost method investments | $ 3,418 | $ 3,098 | |
Beijing UniSpreadtrum Technology Ltd Phase One [Member] | |||
Schedule of Cost-method Investments [Line Items] | |||
Carrying Value, cost method investments | 966 | ||
Cloudera, Inc. [Member] | |||
Schedule of Cost-method Investments [Line Items] | |||
Carrying Value, cost method investments | 454 | $ 454 | |
Subject To Regulatory Approvals And Other Closing Conditions [Member] | Beijing UniSpreadtrum Technology Ltd. [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% |
Investments, Trading Assets (De
Investments, Trading Assets (Detail) - Debt Securities [Member] - USD ($) $ in Millions | 3 Months Ended | |
Apr. 01, 2017 | Apr. 02, 2016 | |
Schedule Of Trading Securities And Other Trading Assets [Line Items] | ||
Trading Securities, Change in Unrealized Holding Gain (Loss) | $ 217 | $ 243 |
Unrealized Gain (Loss) on Derivatives | $ (186) | $ (234) |
Acquisitions (Detail)
Acquisitions (Detail) - Mobileye N.V. [Member] - Subject To Regulatory Approvals And Other Closing Conditions [Member] $ / shares in Units, $ in Billions | 3 Months Ended |
Apr. 01, 2017USD ($)$ / shares | |
Business Acquisition [Line Items] | |
Business Acquisition, Share Price | $ / shares | $ 63.54 |
Business Combination, Consideration Transferred | $ | $ 15.3 |
Divestitures (Details)
Divestitures (Details) - USD ($) $ in Millions | 3 Months Ended | |||
Jul. 01, 2017 | Apr. 01, 2017 | Apr. 03, 2017 | Dec. 31, 2016 | |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||
Disposal Group, Including Discontinued Operation, Assets, Current | $ 5,138 | $ 5,210 | ||
Disposal Group, Including Discontinued Operation, Liabilities, Current | 1,746 | $ 1,920 | ||
Intel Security Group [Member] | ||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||
Disposal Group, Including Discontinued Operation, Foreign Currency Translation Gains (Losses) | 507 | |||
Intel Security Group [Member] | Disposal Group, Held-for-sale, Not Discontinued Operations [Member] | ||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||
Disposal Group, Including Discontinued Operation, Property, Plant and Equipment | 280 | |||
Disposal Group, Including Discontinued Operation, Goodwill, Current | 3,600 | |||
Disposal Group, Including Discontinued Operation, Intangible Assets, Current | 966 | |||
Disposal Group, Including Discontinued Operation, Other Assets, Current | 269 | |||
Disposal Group, Including Discontinued Operation, Assets, Current | 5,115 | |||
Disposal Group, Including Discontinued Operation, Deferred Revenue, Current | 1,552 | |||
Disposal Group, Including Discontinued Operation, Other Liabilities, Current | 194 | |||
Disposal Group, Including Discontinued Operation, Liabilities, Current | $ 1,746 | |||
Subsequent Event [Member] | Intel Security Group [Member] | ||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||
Transaction Value | $ 4,200 | |||
Proceeds from Divestiture of Businesses | $ 3,100 | |||
Discontinued Operation, Equity Method Investment Retained after Disposal, Ownership Interest after Disposal | 49.00% | |||
Proceeds from Divestitures of Businesses Financed | $ 2,200 | |||
Disposal Group, Ownership Percent Sold | 51.00% | |||
Scenario, Forecast [Member] | Intel Security Group [Member] | ||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal | $ 375 | |||
Disposal Group, Not Discontinued Operations, Provision for Taxes on Gain of Disposal | $ 850 |
Identified Intangible Assets, F
Identified Intangible Assets, Finite-Lived Intangible Assets (Detail) - USD ($) $ in Millions | 3 Months Ended | ||
Apr. 01, 2017 | Apr. 02, 2016 | Dec. 31, 2016 | |
Finite Lived Intangible Assets [Line Items] | |||
Gross Assets, Subject to Amortization | $ 11,937 | $ 12,226 | |
Accumulated Amortization | (3,588) | (3,540) | |
Amortization of intangibles | 321 | $ 396 | |
Net | 8,349 | 8,686 | |
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract] | |||
Future Amortization Expense, Remainder of 2017 | 908 | ||
Future Amortization Expense, 2018 | 1,149 | ||
Future Amortization Expense, 2019 | 1,134 | ||
Future Amortization Expense, 2020 | 1,075 | ||
Future Amortization Expense, 2021 | 1,025 | ||
Acquisition-related Developed Technology [Member] | |||
Finite Lived Intangible Assets [Line Items] | |||
Gross Assets, Subject to Amortization | 7,340 | 7,405 | |
Accumulated Amortization | (1,992) | (1,836) | |
Net | 5,348 | 5,569 | |
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract] | |||
Future Amortization Expense, Remainder of 2017 | 592 | ||
Future Amortization Expense, 2018 | 784 | ||
Future Amortization Expense, 2019 | 782 | ||
Future Amortization Expense, 2020 | 750 | ||
Future Amortization Expense, 2021 | 715 | ||
Acquisition-related Developed Technology [Member] | Cost of sales [Member] | |||
Finite Lived Intangible Assets [Line Items] | |||
Amortization of intangibles | 209 | 235 | |
Acquisition-related Customer Relationships [Member] | |||
Finite Lived Intangible Assets [Line Items] | |||
Gross Assets, Subject to Amortization | 1,340 | 1,449 | |
Accumulated Amortization | (190) | (260) | |
Net | 1,150 | 1,189 | |
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract] | |||
Future Amortization Expense, Remainder of 2017 | 101 | ||
Future Amortization Expense, 2018 | 122 | ||
Future Amortization Expense, 2019 | 121 | ||
Future Amortization Expense, 2020 | 119 | ||
Future Amortization Expense, 2021 | 119 | ||
Acquisition-related Customer Relationships [Member] | Amortization of acquisition-related intangibles [Member] | |||
Finite Lived Intangible Assets [Line Items] | |||
Amortization of intangibles | 35 | 83 | |
Acquisition-related Brands [Member] | |||
Finite Lived Intangible Assets [Line Items] | |||
Gross Assets, Subject to Amortization | 79 | 87 | |
Accumulated Amortization | (16) | (21) | |
Net | 63 | 66 | |
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract] | |||
Future Amortization Expense, Remainder of 2017 | 10 | ||
Future Amortization Expense, 2018 | 13 | ||
Future Amortization Expense, 2019 | 13 | ||
Future Amortization Expense, 2020 | 13 | ||
Future Amortization Expense, 2021 | 14 | ||
Acquisition-related Brands [Member] | Amortization of acquisition-related intangibles [Member] | |||
Finite Lived Intangible Assets [Line Items] | |||
Amortization of intangibles | 3 | 7 | |
Licensed Technology and Patents [Member] | |||
Finite Lived Intangible Assets [Line Items] | |||
Gross Assets, Subject to Amortization | 3,178 | 3,285 | |
Accumulated Amortization | (1,390) | (1,423) | |
Net | 1,788 | $ 1,862 | |
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract] | |||
Future Amortization Expense, Remainder of 2017 | 205 | ||
Future Amortization Expense, 2018 | 230 | ||
Future Amortization Expense, 2019 | 218 | ||
Future Amortization Expense, 2020 | 193 | ||
Future Amortization Expense, 2021 | 177 | ||
Licensed Technology and Patents [Member] | Cost of sales [Member] | |||
Finite Lived Intangible Assets [Line Items] | |||
Amortization of intangibles | $ 74 | $ 71 |
Identified Intangible Assets, I
Identified Intangible Assets, Indefinite-Lived Intangible Asset (Detail) - USD ($) $ in Millions | Apr. 01, 2017 | Dec. 31, 2016 |
Indefinite-lived Intangible Assets [Line Items] | ||
Gross Assets, Not Subject to Amortization | $ 808 | $ 808 |
In Process Research and Development [Member] | ||
Indefinite-lived Intangible Assets [Line Items] | ||
Gross Assets, Not Subject to Amortization | $ 808 | $ 808 |
Identified Intangible Assets, T
Identified Intangible Assets, Total Intangible Assets (Detail) - USD ($) $ in Millions | Apr. 01, 2017 | Dec. 31, 2016 |
Intangible Assets, Net (Excluding Goodwill) [Abstract] | ||
Identified intangible assets, gross | $ 12,745 | $ 13,034 |
Identified intangible assets, net | $ 9,157 | $ 9,494 |
Other Long-Term Assets (Detail)
Other Long-Term Assets (Detail) - USD ($) $ in Millions | Apr. 01, 2017 | Dec. 31, 2016 |
Other Assets, Noncurrent Disclosure [Abstract] | ||
Equity method investments | $ 1,315 | $ 1,328 |
Non-marketable cost method investments | 3,418 | 3,098 |
Non-current deferred tax assets | 915 | 907 |
Pre-payments for property, plant and equipment | 419 | 347 |
Loans receivable | 360 | 236 |
Reverse Repurchase Agreements | 0 | 250 |
Other | 1,016 | 993 |
Total other long-term assets | $ 7,443 | $ 7,159 |
Fair Value (Detail)
Fair Value (Detail) - USD ($) $ in Millions | 3 Months Ended | ||
Apr. 01, 2017 | Apr. 02, 2016 | Dec. 31, 2016 | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Trading assets, Fair Value Disclosure | $ 9,303 | $ 8,314 | |
Other than Temporary Impairment Losses, Investments | 48 | $ 29 | |
Non-marketable cost method investments | 3,418 | 3,098 | |
Long-term debt | 20,678 | 20,649 | |
Fair Value, Measurements, Recurring [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Assets, Fair Value Disclosure | 28,985 | 27,748 | |
Liabilities, Fair Value Disclosure | 527 | 583 | |
Fair Value, Measurements, Nonrecurring [Member] | Carrying Amount [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Grants Receivable | 359 | 361 | |
Loans receivable | 265 | 265 | |
Non-marketable cost method investments | 3,418 | 3,098 | |
Reverse repurchase agreements | 250 | 250 | |
Short-term debt | 5,043 | 4,609 | |
Long-term debt | 20,678 | 20,649 | |
Fair Value, Measurements, Nonrecurring [Member] | Portion at Other than Fair Value Measurement [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Grants Receivable | 360 | 362 | |
Loans receivable | 265 | 265 | |
Non-marketable cost method investments, Fair Value Disclosure | 4,287 | 3,890 | |
Reverse repurchase agreements | 250 | 250 | |
Short-term debt, Fair Value Disclosure | 5,570 | 5,120 | |
Long-term debt | 22,043 | 21,957 | |
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 | 2,905 | 2,847 | |
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 | 1,434 | 1,644 | |
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 | 4,901 | 3,736 | |
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 | 63 | 87 | |
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 | 6,831 | 6,180 | |
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 | 736 | 622 | |
Fair Value, Assets, Level 2 to Level 1 Transfers, Amount | 762 | $ 233 | |
Non-marketable equity investments [Member] | Fair Value, Measurements, Nonrecurring [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Other than Temporary Impairment Losses, Investments | 48 | ||
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 | 650 | 498 | |
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 | 1,603 | 2,731 | |
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 | 50 | 332 | |
Cash Equivalents [Member] | Repurchase Agreements [Member] | Fair Value, Measurements, Recurring [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Investments, Fair Value Disclosure | 1,398 | 768 | |
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 | 1,429 | 1,338 | |
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 | 1,393 | 1,603 | |
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 | 236 | 284 | |
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 | 285 | 382 | |
Loans receivable, Fair Value Disclosure | 215 | 326 | |
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 | 2,314 | 2,001 | |
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 | 1,710 | 1,758 | |
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 | 1,125 | 957 | |
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 | 83 | 40 | |
Loans receivable, Fair Value Disclosure | 360 | 236 | |
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 | 304 | 371 | |
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 | 223 | 212 | |
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 | 17,625 | 16,424 | |
Liabilities, Fair Value Disclosure | 0 | 0 | |
Level 1 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Portion at Other than Fair Value Measurement [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Grants Receivable | 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 | 3,003 | 3,006 | |
Long-term debt | 8,618 | 12,171 | |
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 | 2,307 | 2,237 | |
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 | 873 | 973 | |
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 | 2,313 | 2,063 | |
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 | 6,831 | 6,180 | |
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 | 1,075 | 1,920 | |
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] | Cash Equivalents [Member] | Repurchase Agreements [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 | 320 | 391 | |
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 | 253 | 119 | |
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 | 100 | 71 | |
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 | 0 | |
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 | 1,644 | 1,126 | |
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 | 1,021 | 663 | |
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 | 888 | 681 | |
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 | 0 | |
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 | 11,333 | 11,296 | |
Liabilities, Fair Value Disclosure | 497 | 550 | |
Level 2 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Portion at Other than Fair Value Measurement [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Grants Receivable | 360 | 362 | |
Loans receivable | 265 | 265 | |
Non-marketable cost method investments, Fair Value Disclosure | 0 | 0 | |
Reverse repurchase agreements | 250 | 250 | |
Short-term debt, Fair Value Disclosure | 2,567 | 2,114 | |
Long-term debt | 13,425 | 9,786 | |
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 | 598 | 610 | |
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 | 561 | 671 | |
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 | 2,588 | 1,673 | |
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 | 57 | 80 | |
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 | 0 | 0 | |
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 | 650 | 498 | |
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 | 528 | 811 | |
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 | 50 | 332 | |
Level 2 [Member] | Cash Equivalents [Member] | Repurchase Agreements [Member] | Fair Value, Measurements, Recurring [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Investments, Fair Value Disclosure | 1,398 | 768 | |
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 | 1,103 | 941 | |
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 | 1,140 | 1,484 | |
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 | 136 | 213 | |
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 | 285 | 382 | |
Loans receivable, Fair Value Disclosure | 215 | 326 | |
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 | 664 | 869 | |
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 | 689 | 1,095 | |
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 | 237 | 276 | |
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 | 74 | 31 | |
Loans receivable, Fair Value Disclosure | 360 | 236 | |
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 | 304 | 371 | |
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 | 193 | 179 | |
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 | 27 | 28 | |
Liabilities, Fair Value Disclosure | 30 | 33 | |
Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Portion at Other than Fair Value Measurement [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Grants Receivable | 0 | 0 | |
Loans receivable | 0 | 0 | |
Non-marketable cost method investments, Fair Value Disclosure | 4,287 | 3,890 | |
Reverse repurchase agreements | 0 | 0 | |
Short-term debt, Fair Value Disclosure | 0 | 0 | |
Long-term debt | 0 | 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 | 6 | 7 | |
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] | 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] | Cash Equivalents [Member] | Repurchase Agreements [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 | 6 | 6 | |
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 | 0 | 0 | |
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 | 6 | 6 | |
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 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 | 9 | 9 | |
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 | $ 30 | $ 33 |
Other Comprehensive Income (L53
Other Comprehensive Income (Loss), Accumulated Other Comprehensive Income (Loss) (Detail) - USD ($) $ in Millions | 3 Months Ended | ||
Apr. 01, 2017 | Apr. 02, 2016 | Dec. 31, 2016 | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Other comprehensive income (loss) before reclassifications | $ 1,359 | ||
Amounts reclassified out of accumulated other comprehensive income (loss) | (240) | $ (49) | |
Tax effects | (362) | ||
Other comprehensive income (loss) | 757 | 500 | |
Unrealized holding gains (losses) on available-for-sale investments [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | 2,707 | $ 2,164 | |
Other comprehensive income (loss) before reclassifications | 1,098 | ||
Amounts reclassified out of accumulated other comprehensive income (loss) | (263) | ||
Tax effects | (292) | ||
Other comprehensive income (loss) | 543 | ||
Unrealized holding gains (losses) on derivatives [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | (64) | (259) | |
Other comprehensive income (loss) before reclassifications | 266 | ||
Amounts reclassified out of accumulated other comprehensive income (loss) | (1) | ||
Tax effects | (70) | ||
Other comprehensive income (loss) | 195 | ||
Prior service credits (costs) [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | (38) | (40) | |
Other comprehensive income (loss) before reclassifications | 0 | ||
Amounts reclassified out of accumulated other comprehensive income (loss) | 2 | 2 | |
Tax effects | 0 | ||
Other comprehensive income (loss) | 2 | ||
Actuarial gains (losses) [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | (1,224) | (1,240) | |
Other comprehensive income (loss) before reclassifications | (6) | ||
Amounts reclassified out of accumulated other comprehensive income (loss) | 22 | $ 12 | |
Tax effects | 0 | ||
Other comprehensive income (loss) | 16 | ||
Foreign currency translation adjustment [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | (518) | (519) | |
Other comprehensive income (loss) before reclassifications | 1 | ||
Amounts reclassified out of accumulated other comprehensive income (loss) | 0 | ||
Tax effects | 0 | ||
Other comprehensive income (loss) | 1 | ||
AOCI Including Portion Attributable to Noncontrolling Interest [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | $ 863 | $ 106 |
Other Comprehensive Income (L54
Other Comprehensive Income (Loss), Reclassification out of Accumulated Other Comprehensive Income (Detail) - USD ($) $ in Millions | 3 Months Ended | |
Apr. 01, 2017 | Apr. 02, 2016 | |
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||
Gains (losses) on equity investments, net | $ 252 | $ 22 |
Interest and other, net | (36) | (82) |
Income before taxes | 3,815 | 2,508 |
Cost of sales | (5,649) | (5,572) |
Research and development | (3,326) | (3,246) |
Marketing, general and administrative | (2,104) | (2,226) |
Amounts reclassified out of accumulated other comprehensive income (loss) | 240 | 49 |
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months | (60) | |
Unrealized holding gains (losses) on available-for-sale investments [Member] | ||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||
Amounts reclassified out of accumulated other comprehensive income (loss) | 263 | |
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] | ||
Gains (losses) on equity investments, net | 263 | 86 |
Interest and other, net | 0 | (1) |
Income before taxes | 263 | 85 |
Unrealized holding gains (losses) on derivatives [Member] | ||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||
Amounts reclassified out of accumulated other comprehensive income (loss) | 1 | |
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 | 1 | (22) |
Unrealized holding gains (losses) on derivatives [Member] | Reclassified out of Accumulated Other Comprehensive Income (Loss) [Member] | Foreign currency contracts | ||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||
Gains (losses) on equity investments, net | 4 | 0 |
Interest and other, net | 38 | 34 |
Cost of sales | (20) | (42) |
Research and development | (16) | (10) |
Marketing, general and administrative | (5) | (4) |
Prior service credits (costs) [Member] | ||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||
Amounts reclassified out of accumulated other comprehensive income (loss) | (2) | (2) |
Actuarial gains (losses) [Member] | ||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||
Amounts reclassified out of accumulated other comprehensive income (loss) | (22) | (12) |
Amortization of pension and postretirement benefit components [Member] | ||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||
Amounts reclassified out of accumulated other comprehensive income (loss) | $ (24) | $ (14) |
Derivative Financial Instrume55
Derivative Financial Instruments (Detail) - USD ($) $ in Millions | 3 Months Ended | ||
Apr. 01, 2017 | Apr. 02, 2016 | Dec. 31, 2016 | |
Notional Disclosures [Abstract] | |||
Derivative, Notional Amount | $ 34,747 | $ 30,270 | $ 33,528 |
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract] | |||
Fair value of derivative assets | 357 | 433 | |
Fair value of derivative liabilities | 499 | 588 | |
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 | 357 | 433 | |
Derivative Assets Subject To Master Netting Arrangements, Gross Amounts Not Offset In The Balance Sheet - Financial Instruments | (243) | (368) | |
Derivative Assets Subject To Master Netting Arrangements, Gross Amounts Not Offset In The Balance Sheet - Cash And Non-Cash Collateral Received Or Pledged | (82) | (42) | |
Derivative Assets Subject To Master Netting Arrangements, Net Amount | 32 | 23 | |
Reverse Repurchase Agreements, Gross Amounts Recognized | 1,648 | 1,018 | |
Reverse Repurchase Agreements, Gross Amounts Offset In The Balance Sheet | 0 | 0 | |
Reverse Repurchase Agreements, Net Amounts Presented In The Balance Sheet | 1,648 | 1,018 | |
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 | (1,648) | (1,018) | |
Reverse Repurchase Agreements, Net Amount | 0 | 0 | |
Total Assets, Gross Amounts Recognized | 2,005 | 1,451 | |
Total Assets, Gross Amounts Offset In The Balance Sheet | 0 | 0 | |
Total Assets, Net Amounts Presented In The Balance Sheet | 2,005 | 1,451 | |
Total Assets, Gross Amounts Not Offset In The Balance Sheet - Financial Instruments | (243) | (368) | |
Total Assets, Gross Amounts Not Offset In The Balance Sheet - Cash and Non-Cash Collateral Received Or Pledged | (1,730) | (1,060) | |
Total Assets, Net Amount | 32 | 23 | |
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 | 499 | 588 | |
Derivative Liabilities Subject To Master Netting Arrangements, Gross Amounts Offset In The Balance Sheet - Financial Instruments | (243) | (368) | |
Derivative Liabilities Subject To Master Netting Arrangements, Gross Amounts Offset In The Balance Sheet - Cash And Non-Cash Collateral Received Or Pledged | (240) | (201) | |
Derivative Liabilities Subject To Master Netting Arrangements, Net Amount | 16 | 19 | |
Total Liabilities, Gross Amounts Recognized | 499 | 588 | |
Total Liabilities, Gross Amounts Offset In The Balance Sheet | 0 | 0 | |
Total Liabilities, Net Amounts Presented In The Balance Sheet | 499 | 588 | |
Total Liabilities, Gross Amounts Not Offset In The Balance Sheet - Financial Instruments | (243) | (368) | |
Total Liabilities, Gross Amounts Not Offset In The Balance Sheet - Cash and Non-Cash Collateral Received Or Pledged | (240) | (201) | |
Total Liabilities, Net Amount | 16 | 19 | |
Effect of Fair Value Hedges on Results of Operations [Abstract] | |||
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge | 14 | (162) | |
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 | (104) | (234) | |
Fair Value Hedging [Member] | |||
Effect of Fair Value Hedges on Results of Operations [Abstract] | |||
Derivative, Net Hedge Ineffectiveness Gain (Loss) | 0 | 0 | |
Assets | |||
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract] | |||
Fair value of derivative assets | 368 | 422 | |
Assets | Designated as Hedging Instrument [Member] | |||
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract] | |||
Fair value of derivative assets | 175 | 24 | |
Assets | Not Designated as Hedging Instrument [Member] | |||
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract] | |||
Fair value of derivative assets | 193 | 398 | |
Liabilities | |||
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract] | |||
Fair value of derivative liabilities | 527 | 583 | |
Liabilities | Designated as Hedging Instrument [Member] | |||
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract] | |||
Fair value of derivative liabilities | 294 | 439 | |
Liabilities | Not Designated as Hedging Instrument [Member] | |||
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract] | |||
Fair value of derivative liabilities | 233 | 144 | |
Foreign currency contracts | |||
Notional Disclosures [Abstract] | |||
Derivative, Notional Amount | 18,575 | 17,520 | 17,960 |
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) | 266 | 243 | |
Foreign currency contracts | 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 | (160) | (238) | |
Foreign currency contracts | Assets | Designated as Hedging Instrument [Member] | |||
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract] | |||
Fair value of derivative assets | 173 | 21 | |
Foreign currency contracts | Assets | Not Designated as Hedging Instrument [Member] | |||
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract] | |||
Fair value of derivative assets | 167 | 374 | |
Foreign currency contracts | Liabilities | Designated as Hedging Instrument [Member] | |||
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract] | |||
Fair value of derivative liabilities | 94 | 252 | |
Foreign currency contracts | Liabilities | Not Designated as Hedging Instrument [Member] | |||
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract] | |||
Fair value of derivative liabilities | 200 | 114 | |
Interest rate contracts | |||
Notional Disclosures [Abstract] | |||
Derivative, Notional Amount | 14,815 | 11,540 | 14,228 |
Effect of Fair Value Hedges on Results of Operations [Abstract] | |||
Change in Unrealized Gain (Loss) on Fair Value Hedging Instruments | (14) | 162 | |
Interest rate contracts | Assets | Designated as Hedging Instrument [Member] | |||
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract] | |||
Fair value of derivative assets | 2 | 3 | |
Interest rate contracts | Assets | Not Designated as Hedging Instrument [Member] | |||
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract] | |||
Fair value of derivative assets | 16 | 15 | |
Interest rate contracts | Liabilities | Designated as Hedging Instrument [Member] | |||
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract] | |||
Fair value of derivative liabilities | 200 | 187 | |
Interest rate contracts | Liabilities | Not Designated as Hedging Instrument [Member] | |||
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract] | |||
Fair value of derivative liabilities | 33 | 30 | |
Other | |||
Notional Disclosures [Abstract] | |||
Derivative, Notional Amount | 1,357 | 1,210 | 1,340 |
Other | Not Designated as Hedging Instrument [Member] | Various [Member] | |||
Derivative Instruments Not Designated as Hedging Instruments [Abstract] | |||
Gains (Losses) Recognized in Income On Derivatives | 56 | $ 4 | |
Other | Assets | Not Designated as Hedging Instrument [Member] | |||
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract] | |||
Fair value of derivative assets | 10 | 9 | |
Other | Liabilities | Not Designated as Hedging Instrument [Member] | |||
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract] | |||
Fair value of derivative liabilities | $ 0 | $ 0 |
Employee Equity Incentive Pla56
Employee Equity Incentive Plans (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions | 3 Months Ended | ||
Apr. 01, 2017 | Apr. 02, 2016 | Dec. 31, 2016 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Share-based Compensation | $ 397 | $ 448 | |
Restricted Stock Units (RSUs) [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value | 172 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value, Vested | $ 105 | ||
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 | 106.8 | ||
Number of RSUs granted | 7.4 | ||
Number of RSUs vested | (3.4) | ||
Number of RSUs forfeited | (2.1) | ||
Number of RSUs outstanding, ending balance | 108.7 | ||
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) | $ 29.43 | $ 28.99 | |
Weighted-average grant date fair value of granted RSUs (in dollars per share) | 36.38 | ||
Weighted-average grant date fair value of vested RSUs (in dollars per share) | 30.72 | ||
Weighted-average grant date fair value of forfeited RSUs (in dollars per share) | $ 29.35 | ||
Stock Purchase Plan RIghts [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Shares Issued in Period | 8 | 9.2 | |
Employee Purchases, Amount | $ 235 | $ 227 | |
2006 Equity Incentive Plan [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 210 | ||
2006 Stock Purchase Plan [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 157 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Purchase Price of Common Stock, Percent | 85.00% |
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, Damages Paid Value | $ 1.4 | € 1.1 |