Document and Entity Information
Document and Entity Information shares in Millions | 6 Months Ended |
Jul. 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 | Jul. 1, 2017 |
Document Fiscal Year Focus | 2,017 |
Document Fiscal Period Focus | Q2 |
Amendment Flag | false |
Entity Common Stock Shares Outstanding | 4,699 |
Consolidated Condensed Statemen
Consolidated Condensed Statements of Income - USD ($) shares in Millions, $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jul. 01, 2017 | Jul. 02, 2016 | Jul. 01, 2017 | Jul. 02, 2016 | |
Income Statement [Abstract] | ||||
Net revenue | $ 14,763 | $ 13,533 | $ 29,559 | $ 27,235 |
Cost of sales | 5,665 | 5,560 | 11,314 | 11,132 |
Gross margin | 9,098 | 7,973 | 18,245 | 16,103 |
Research and development | 3,275 | 3,145 | 6,601 | 6,391 |
Marketing, general and administrative | 1,854 | 2,007 | 3,958 | 4,233 |
Restructuring and other charges | 105 | 1,414 | 185 | 1,414 |
Amortization of Acquisition-Related Intangible Assets | 37 | 89 | 75 | 179 |
Operating expenses | 5,271 | 6,655 | 10,819 | 12,217 |
Operating income | 3,827 | 1,318 | 7,426 | 3,886 |
Gains (losses) on equity investments, net | 342 | 478 | 594 | 500 |
Interest and other, net | 403 | (126) | 367 | (208) |
Income before taxes | 4,572 | 1,670 | 8,387 | 4,178 |
Provision for taxes | 1,764 | 340 | 2,615 | 802 |
Net income | $ 2,808 | $ 1,330 | $ 5,772 | $ 3,376 |
Basic earnings per share of common stock (in dollars per share) | $ 0.60 | $ 0.28 | $ 1.22 | $ 0.71 |
Diluted earnings per share of common stock (in dollars per share) | 0.58 | 0.27 | 1.19 | 0.69 |
Cash dividends declared per share of common stock (in dollars per share) | $ 0 | $ 0 | $ 0.5325 | $ 0.52 |
Weighted average shares of common stock outstanding: | ||||
Basic (shares) | 4,710 | 4,729 | 4,717 | 4,725 |
Diluted (shares) | 4,845 | 4,866 | 4,864 | 4,870 |
Consolidated Condensed Stateme3
Consolidated Condensed Statements of Comprehensive Income - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jul. 01, 2017 | Jul. 02, 2016 | Jul. 01, 2017 | Jul. 02, 2016 | |
Statement of Comprehensive Income [Abstract] | ||||
Net income | $ 2,808 | $ 1,330 | $ 5,772 | $ 3,376 |
Changes in other comprehensive income, net of tax: | ||||
Net unrealized holding gains (losses) on available-for-sale investments | (534) | (346) | 9 | (55) |
Deferred tax asset valuation allowance | 0 | (2) | 0 | (3) |
Net unrealized holding gains (losses) on derivatives | 136 | 26 | 331 | 213 |
Net prior service (costs) credits | (12) | 1 | (10) | 3 |
Actuarial valuation | 214 | (318) | 230 | (299) |
Net foreign currency translation adjustment | 507 | (1) | 508 | 1 |
Other comprehensive income (loss) | 311 | (640) | 1,068 | (140) |
Total comprehensive income | $ 3,119 | $ 690 | $ 6,840 | $ 3,236 |
Consolidated Condensed Balance
Consolidated Condensed Balance Sheets - USD ($) $ in Millions | Jul. 01, 2017 | Dec. 31, 2016 |
Current assets: | ||
Cash and cash equivalents | $ 11,687 | $ 5,560 |
Short-term investments | 3,158 | 3,225 |
Trading assets | 11,084 | 8,314 |
Accounts receivable, net | 5,397 | 4,690 |
Inventories | 6,324 | 5,553 |
Assets held for sale | 0 | 5,210 |
Other current assets | 2,967 | 2,956 |
Total current assets | 40,617 | 35,508 |
Property, plant and equipment, net of accumulated depreciation of $56,520 ($53,934 as of December 31, 2016) | 38,130 | 36,171 |
Marketable equity securities | 5,904 | 6,180 |
Other long-term investments | 4,481 | 4,716 |
Goodwill | 14,102 | 14,099 |
Identified intangible assets, net | 8,867 | 9,494 |
Other long-term assets | 10,006 | 7,159 |
Total assets | 122,107 | 113,327 |
Current liabilities: | ||
Short-term debt | 4,130 | 4,634 |
Accounts payable | 3,671 | 2,475 |
Accrued compensation and benefits | 2,332 | 3,465 |
Accrued advertising | 835 | 810 |
Deferred income | 1,587 | 1,718 |
Liabilities held for sale | 0 | 1,920 |
Other accrued liabilities | 6,227 | 5,280 |
Total current liabilities | 18,782 | 20,302 |
Long-term debt | 27,855 | 20,649 |
Long-term deferred tax liabilities | 2,502 | 1,730 |
Other long-term liabilities | 3,469 | 3,538 |
Contingencies (Note 17) | ||
Temporary equity | 874 | 882 |
Stockholders’ equity: | ||
Preferred stock | 0 | 0 |
Common stock and capital in excess of par value, 4,699 issued and outstanding (4,730 issued and outstanding as of December 31, 2016) | 25,781 | 25,373 |
Accumulated other comprehensive income (loss) | 1,174 | 106 |
Retained earnings | 41,670 | 40,747 |
Total stockholders’ equity | 68,625 | 66,226 |
Total liabilities, temporary equity, and stockholders’ equity | $ 122,107 | $ 113,327 |
Consolidated Condensed Balance5
Consolidated Condensed Balance Sheets (Parenthetical) - USD ($) shares in Millions, $ in Millions | Jul. 01, 2017 | Dec. 31, 2016 |
Assets | ||
Accumulated depreciation | $ 56,520 | $ 53,934 |
Stockholders’ equity: | ||
Common stock, shares issued | 4,699 | 4,730 |
Common stock, shares outstanding | 4,699 | 4,730 |
Consolidated Condensed Stateme6
Consolidated Condensed Statements of Cash Flows - USD ($) $ in Millions | 6 Months Ended | |
Jul. 01, 2017 | Jul. 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 | 5,772 | 3,376 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||
Depreciation | 3,300 | 3,141 |
Share-based compensation | 725 | 812 |
Restructuring and other charges | 185 | 1,414 |
Amortization of intangibles | 634 | 791 |
(Gains) losses on equity investments, net | (526) | (426) |
(Gains) losses on divestitures | (387) | 0 |
Deferred taxes | 807 | 71 |
Changes in assets and liabilities:1 | ||
Accounts receivable | (618) | 734 |
Inventories | (760) | (104) |
Accounts payable | 425 | 375 |
Accrued compensation and benefits | (1,102) | (1,659) |
Income taxes payable and receivable | 563 | (79) |
Other assets and liabilities | (413) | (546) |
Total adjustments | 2,833 | 4,524 |
Net cash provided by operating activities | 8,605 | 7,900 |
Cash flows provided by (used for) investing activities: | ||
Additions to property, plant and equipment | (4,730) | (3,632) |
Acquisitions, net of cash acquired | (3) | (14,619) |
Purchases of available-for-sale investments | (1,894) | (5,693) |
Sales of available-for-sale investments | 1,698 | 3,685 |
Maturities of available-for-sale investments | 2,197 | 2,393 |
Purchases of trading assets | (7,961) | (7,205) |
Maturities and sales of trading assets | 5,977 | 5,313 |
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 | (625) | (663) |
Proceeds from divestitures | 924 | 0 |
Other investing | 201 | 304 |
Net cash used for investing activities | (4,216) | (19,690) |
Cash flows provided by (used for) financing activities: | ||
Increase (decrease) in short-term debt, net | (12) | 1,416 |
Proceeds from issuance of long-term debt, net of issuance costs | 7,078 | 2,734 |
Repayment of debt | (500) | 0 |
Proceeds from sales of common stock through employee equity incentive plans | 406 | 527 |
Repurchase of common stock | (2,518) | (1,597) |
Restricted stock unit withholdings | (404) | (394) |
Payment of dividends to stockholders | (2,516) | (2,461) |
Other financing | 204 | 142 |
Net cash provided by (used for) financing activities | 1,738 | 367 |
Net increase (decrease) in cash and cash equivalents | 6,127 | (11,423) |
Cash and cash equivalents, end of period | 11,687 | 3,885 |
Supplemental disclosures of noncash investing activities and cash flow information: | ||
Acquisition of property, plant, and equipment included in accounts payable and accrued liabilities | 1,686 | 1,479 |
Loan receivable from McAfee and TPG | 2,200 | 0 |
Non-marketable equity investment in McAfee | 1,078 | 0 |
Interest, net of capitalized interest and interest rate swap payments/receipts | 280 | 348 |
Income taxes, net of refunds | $ 1,139 | $ 689 |
Basis of Presentation
Basis of Presentation | 6 Months Ended |
Jul. 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 | 6 Months Ended |
Jul. 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 tables below describe impacts from newly issued standards as well as material updates to our previous assessments, if any, from our 2016 Form 10-K. Accounting Standards Adopted Standard/Description Effective Date and Adoption Considerations Effect on Financial Statements or Other Significant Matters Intangibles - Goodwill and Other - Simplifying the Test for Goodwill Impairment . This accounting standard update eliminates Step 2 from the existing guidance to simplify how goodwill impairment tests are performed. With the elimination of this step, a goodwill impairment test is performed by comparing the fair value of a reporting unit to its carrying value. An impairment charge is recognized for the amount by which the reporting unit's carrying value exceeds its fair value. We elected to early adopt this accounting standard update in the second quarter of 2017 on a prospective basis. We expect the adoption of this update to simplify our annual goodwill impairment testing process, by eliminating the need to estimate the implied fair value of a reporting unit’s goodwill, if its respective carrying value exceeds fair value. Accounting Standards Not Yet Adopted 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 | 6 Months Ended |
Jul. 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 for compute, storage, and network functions 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. 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. 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. Net revenue and operating income (loss) for each period were as follows: Three Months Ended Six Months Ended (In Millions) Jul 1, Jul 2, Jul 1, Jul 2, Net revenue: Client Computing Group Platform $ 7,634 $ 6,938 $ 15,031 $ 14,137 Other 579 400 1,158 750 8,213 7,338 16,189 14,887 Data Center Group Platform 4,026 3,718 7,905 7,425 Other 346 309 699 601 4,372 4,027 8,604 8,026 Internet of Things Group Platform 614 497 1,246 1,068 Other 106 75 195 155 720 572 1,441 1,223 Non-Volatile Memory Solutions Group 874 554 1,740 1,111 Programmable Solutions Group 440 465 865 824 All other 144 577 720 1,164 Total net revenue $ 14,763 $ 13,533 $ 29,559 $ 27,235 Operating income (loss): Client Computing Group $ 3,025 $ 1,911 $ 6,056 $ 3,796 Data Center Group 1,661 1,765 3,148 3,529 Internet of Things Group 139 89 244 212 Non-Volatile Memory Solutions Group (110 ) (224 ) (239 ) (319 ) Programmable Solutions Group 97 (62 ) 189 (262 ) All other (985 ) (2,161 ) (1,972 ) (3,070 ) Total operating income $ 3,827 $ 1,318 $ 7,426 $ 3,886 |
Earnings Per Share
Earnings Per Share | 6 Months Ended |
Jul. 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 Six Months Ended (In Millions, Except Per Share Amounts) Jul 1, Jul 2, Jul 1, Jul 2, Net income available to common stockholders $ 2,808 $ 1,330 $ 5,772 $ 3,376 Weighted average shares of common stock outstanding—basic 4,710 4,729 4,717 4,725 Dilutive effect of employee equity incentive plans 36 49 48 57 Dilutive effect of convertible debt 99 88 99 88 Weighted average shares of common stock outstanding—diluted 4,845 4,866 4,864 4,870 Basic earnings per share of common stock $ 0.60 $ 0.28 $ 1.22 $ 0.71 Diluted earnings per share of common stock $ 0.58 $ 0.27 $ 1.19 $ 0.69 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 | 6 Months Ended |
Jul. 01, 2017 | |
Other Financial Statement Details [Abstract] | |
Other Financial Statement Details [Text Block] | Note 5: Other Financial Statement Details Inventories (In Millions) Jul 1, Dec 31, Raw materials $ 1,014 $ 695 Work in process 3,775 3,190 Finished goods 1,535 1,668 Total inventories $ 6,324 $ 5,553 Deferred Income (In Millions) Jul 1, Dec 31, Deferred income on shipments of components to distributors $ 1,416 $ 1,475 Deferred income from software, services and other 171 243 Current deferred income $ 1,587 $ 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 Six Months Ended (In Millions) Jul 1, Jul 2, Jul 1, Jul 2, Share of equity method investee losses, net $ (8 ) $ (12 ) $ (19 ) $ (20 ) Impairments (555 ) (60 ) (603 ) (89 ) Gains on sales, net 802 419 1,076 515 Dividends 66 74 68 74 Other, net 37 57 72 20 Total gains (losses) on equity investments, net $ 342 $ 478 $ 594 $ 500 Interest and Other, Net The components of interest and other, net for each period were as follows: Three Months Ended Six Months Ended (In Millions) Jul 1, Jul 2, Jul 1, Jul 2, Interest income $ 136 $ 51 $ 212 $ 103 Interest expense (156 ) (187 ) (302 ) (395 ) Other, net 423 10 457 84 Total interest and other, net $ 403 $ (126 ) $ 367 $ (208 ) Interest expense in the preceding table is net of $69 million of interest capitalized in the second quarter of 2017 and $136 million in the first six months of 2017 ( $24 million in the second quarter of 2016 and $46 million in the first six months of 2016 ). |
Restructuring and Other Charges
Restructuring and Other Charges | 6 Months Ended |
Jul. 01, 2017 | |
Restructuring Costs and Asset Impairment Charges [Abstract] | |
Restructuring and Other Charges [Text Block] | Note 6: Restructuring and Other Charges Three Months Ended Six Months Ended (In Millions) Jul 1, Jul 2, Jul 1, Jul 2, 2016 Restructuring Program $ (42 ) $ 1,414 $ (53 ) $ 1,414 Other charges 147 — 238 — Total restructuring and other charges $ 105 $ 1,414 $ 185 $ 1,414 2016 Restructuring Program In the second quarter of 2016, our management approved and commenced the 2016 Restructuring Program. This program was substantially completed in 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 Six Months Ended (In Millions) Jul 1, Jul 2, Jul 1, Jul 2, Employee severance and benefit arrangements $ (49 ) $ 1,414 $ (70 ) $ 1,414 Asset impairment and other charges 7 — 17 — Total restructuring and other charges $ (42 ) $ 1,414 $ (53 ) $ 1,414 Restructuring and other activity for the 2016 Restructuring Program for the first six 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 — 17 17 Adjustments (70 ) — (70 ) Cash payments (217 ) (16 ) (233 ) Non-cash settlements — (1 ) (1 ) Accrued restructuring balance as of July 1, 2017 $ 298 $ 10 $ 308 We recorded the additional accruals as restructuring and other charges and within the "all other" operating segments category. A substantial majority of the accrued restructuring balance as of July 1, 2017 is expected to be paid within the next 12 months and was recorded within accrued compensation and benefits. Restructuring actions related to this program that were approved in 2016 impacted approximately 15,000 employees. Other charges Three Months Ended Six Months Ended (In Millions) Jul 1, Jul 1, ISecG separation costs $ 70 $ 143 Other 77 95 Total other charges $ 147 $ 238 |
Income Taxes
Income Taxes | 6 Months Ended |
Jul. 01, 2017 | |
Income Tax Disclosure [Abstract] | |
Income Taxes [Text Block] | Note 7: Income Taxes Our effective income tax rate was 31.2% in the first six months of 2017 compared to 19.2% in the first six months of 2016 . A majority of the increase in the effective rate was attributable to the $822 million tax expense due to |
Investments
Investments | 6 Months Ended |
Jul. 01, 2017 | |
Investments and Cash [Abstract] | |
Investments [Text Block] | Note 8: Investments Available-for-Sale Investments July 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 $ 6,115 $ 13 $ (7 ) $ 6,121 $ 3,847 $ 4 $ (14 ) $ 3,837 Financial institution instruments 8,011 7 (6 ) 8,012 6,098 5 (11 ) 6,092 Government debt 1,778 3 (5 ) 1,776 1,581 — (8 ) 1,573 Marketable equity securities 2,560 3,344 — 5,904 2,818 3,363 (1 ) 6,180 Total available-for-sale investments $ 18,464 $ 3,367 $ (18 ) $ 21,813 $ 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. Substantially all time deposits were issued by institutions outside the U.S. as of July 1, 2017 ( most time deposits were issued by institutions outside the U.S. as of December 31, 2016 ). During the second quarter of 2017 , we sold available-for sale investments for proceeds of $1.3 billion ( $875 million in the second quarter of 2016 ). During the first six months of 2017 , we sold available-for-sale investments for proceeds of $1.8 billion ( $3.8 billion in the first six months of 2016 ). The gross realized gains on sales of available-for-sale investments were $796 million in the second quarter of 2017 and $1.1 billion in the first six months of 2017 ( $403 million in the second quarter of 2016 and $497 million in the first six months of 2016 ). On April 28, 2017, Cloudera, Inc. (Cloudera) completed its initial public offering and we have designated our previous equity and cost method investments in Cloudera as available-for-sale. During the second quarter of 2017, we determined we had an other-than-temporary decline in the fair value of our investment and recognized an impairment charge of $278 million . We recognized the impairment in the second quarter due to the duration and severity of the decline in the investment's fair value, which we determined was below cost based upon observable market prices after the initial public offering. The fair value of available-for-sale debt investments, by contractual maturity, as of July 1, 2017 , were as follows: (In Millions) Fair Value Due in 1 year or less $ 8,408 Due in 1–2 years 1,434 Due in 2–5 years 2,976 Due after 5 years 71 Instruments not due at a single maturity date 3,020 Total $ 15,909 Equity Method Investments McAfee In the second quarter of 2017 , we closed our divestiture of the ISecG business and retained a 49% interest in McAfee as partial consideration. The carrying value of our investment was $1.1 billion as of July 1, 2017 . Our investment is accounted for under the equity method of accounting and is classified within other long-term assets. For further information related to the divestiture of ISecG, see " Note 9: Acquisitions and Divestitures ". 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 July 1, 2017 , we own a 49% interest in IMFT. The carrying value of our investment was $837 million as of July 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 $105 million in the second quarter of 2017 and approximately $235 million in the first six months of 2017 (approximately $100 million in the second quarter of 2016 and approximately $200 million in the first six months of 2016 ). The amount due to IMFT for product purchases and services provided was approximately $100 million as of July 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 July 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. 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. During the second quarter of 2017, we reduced our expectation of the company's future operating performance due to competitive pressures, which resulted in an other-than-temporary impairment charge of $147 million . Trading Assets Net gains related to trading assets still held at the reporting date were $321 million in the second quarter of 2017 and $483 million in the first six months of 2017 (there were no net gains or losses related to trading assets still held at the reporting date in the second quarter of 2016 and $190 million of net gains in the first six months of 2016 ). Net losses on the related derivatives were $311 million in the second quarter of 2017 and $446 million in the first six months of 2017 (net losses of $184 million in the first six months of 2016 ). |
Acquisitions and Divestitures
Acquisitions and Divestitures | 6 Months Ended |
Jul. 01, 2017 | |
Business Combinations [Abstract] | |
Acquisitions [Text Block] | Note 9: 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 as of the date of the agreement. The transaction is expected to close during the third quarter of 2017, pending satisfaction of all 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. Total consideration was $4.2 billion , consisting of $924 million in cash proceeds, $1.1 billion in the form of equity representing a 49% ownership interest in McAfee, and $2.2 billion in the form of promissory notes issued by McAfee and TPG. The promissory notes are classified as a loan receivable within other long-term assets. The notes accrue interest quarterly at an interest rate of three-month LIBOR plus 7.0% per annum and mature in 2020, but may be repaid early without penalty. The interest rate will increase by 0.5% every three months beginning in the first quarter of 2018. Additionally, McAfee may borrow $250 million on a line of credit provided by Intel. The line of credit will be closed when the notes are repaid. The carrying amounts of the major classes of ISecG assets and liabilities as of the transaction close date included the following: (In Millions) Apr 3, Accounts receivable $ 317 Goodwill 3,601 Identified intangible assets 965 Other assets 276 Total assets $ 5,159 Deferred income $ 1,553 Other liabilities 276 Total liabilities $ 1,829 As of the transaction close date, we recognized a pre-tax gain of $387 million within "Interest and other, net," which is net of $507 million of currency translation adjustment losses reclassified from accumulated other comprehensive income (loss) associated with currency charges on the carrying values of ISecG goodwill and identified intangible assets. In addition, we recognized a tax expense of $822 million . |
Identified Intangible Assets
Identified Intangible Assets | 6 Months Ended |
Jul. 01, 2017 | |
Intangible Assets, Net (Excluding Goodwill) [Abstract] | |
Identified Intangible Assets [Text Block] | Note 10: Identified Intangible Assets July 1, 2017 (In Millions) Gross Assets Accumulated Net Acquisition-related developed technology $ 6,591 $ (1,441 ) $ 5,150 Acquisition-related customer relationships 1,340 (224 ) 1,116 Acquisition-related brands 79 (19 ) 60 Licensed technology and patents 3,184 (1,451 ) 1,733 Identified intangible assets subject to amortization 11,194 (3,135 ) 8,059 In-process research and development 808 — 808 Identified intangible assets not subject to amortization 808 — 808 Total identified intangible assets $ 12,002 $ (3,135 ) $ 8,867 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 Six Months Ended (In Millions) Location Jul 1, Jul 2, Jul 1, Jul 2, Acquisition-related developed technology Cost of sales $ 198 $ 235 $ 407 $ 470 Acquisition-related customer relationships Amortization of acquisition-related intangibles 33 82 68 165 Acquisition-related brands Amortization of acquisition-related intangibles 4 7 7 14 Licensed technology and patents Cost of sales 78 71 152 142 Total amortization expense $ 313 $ 395 $ 634 $ 791 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 $ 394 $ 784 $ 782 $ 750 $ 715 Acquisition-related customer relationships 67 122 121 119 119 Acquisition-related brands 7 13 13 13 14 Licensed technology and patents 132 231 219 194 179 Total future amortization expenses $ 600 $ 1,150 $ 1,135 $ 1,076 $ 1,027 |
Other Long-Term Assets
Other Long-Term Assets | 6 Months Ended |
Jul. 01, 2017 | |
Other Assets, Noncurrent Disclosure [Abstract] | |
Other Long-Term Assets [Text Block] | Note 11: Other Long-Term Assets (In Millions) Jul 1, Dec 31, Equity method investments $ 2,266 $ 1,328 Non-marketable cost method investments 2,719 3,098 Non-current deferred tax assets 753 907 Pre-payments for property, plant and equipment 422 347 Loans receivable 2,725 236 Reverse repurchase agreements — 250 Other 1,121 993 Total other long-term assets $ 10,006 $ 7,159 |
Borrowings
Borrowings | 6 Months Ended |
Jul. 01, 2017 | |
Debt Disclosure [Abstract] | |
Borrowings [Text Block] | Note 12: Borrowings Short-Term Debt (In Millions) Jul 1, Dec 31, Drafts payable $ 13 $ 25 Current portion of long-term debt 4,125 4,618 Less: debt issuance costs associated with the current portion of long-term debt (8 ) (9 ) Total short-term debt $ 4,130 $ 4,634 Our current portion of long-term debt includes our 2009 junior subordinated convertible debentures due 2039 and our 2012 senior notes due 2017. We have an ongoing authorization from our Board of Directors to borrow up to $10.0 billion under our commercial paper program. This amount includes an increase of $5.0 billion in the authorization limit approved by our Board of Directors in April 2017. During the second quarter of 2017, we repaid $500 million of our 1.75% senior notes that matured in May 2017 . Long-Term Debt Our indebtedness is carried at amortized cost net of applicable hedge adjustments. (In Millions) Jul 1, Dec 31, Floating-rate senior notes: $700, three-month LIBOR plus 0.08%, due May 2020 $ 700 $ — $800, three-month LIBOR plus 0.35%, due May 2022 800 — Fixed-rate senior notes: $500, 1.75%, due May 2017 — 501 $3,000, 1.35%, due December 2017 3,000 2,999 $600, 2.50%, due November 2018 603 604 A$250, 3.25%, due December 2019 1 191 180 $1,000, 1.85%, due May 2020 1,000 — $1,750, 2.45%, due July 2020 1,749 1,749 $500, 1.70%, due May 2021 499 499 $2,000, 3.30%, due October 2021 1,999 1,988 $750, 2.35%, due May 2022 748 — $1,000, 3.10%, due July 2022 995 987 A$550, 4.00%, due December 2022 1 419 394 $1,500, 2.70%, due December 2022 1,493 1,480 $400, 4.10%, due November 2023 422 424 $1,250, 2.88%, due May 2024 1,241 — $600, 2.70%, due June 2024 600 — $2,250, 3.70%, due July 2025 2,176 2,148 $1,000, 2.60%, due May 2026 995 983 $1,000, 3.15%, due May 2027 997 — $750, 4.00%, due December 2032 745 745 $1,500, 4.80%, due October 2041 1,491 1,491 $925, 4.25%, due December 2042 924 924 $2,000, 4.90%, due July 2045 1,999 1,999 $1,007, 4.90%, due August 2045 1,005 995 $915, 4.70%, due December 2045 905 894 $1,250, 4.10%, due May 2046 1,243 1,243 $1,000, 4.10%, due May 2047 994 — Junior subordinated convertible debentures: $1,600, 2.95%, due December 2035 1,000 992 $2,000, 3.25%, due August 2039 1,126 1,118 Long-term debt 32,059 25,337 Less: current portion of long-term debt (4,125 ) (4,618 ) Less: debt issuance costs (79 ) (70 ) Total long-term debt $ 27,855 $ 20,649 1 To manage foreign currency risk associated with the Australian-dollar-denominated notes issued in 2015, we entered into currency interest rate swaps with an aggregate notional amount of $577 million , which effectively converted these notes to U.S.-dollar-denominated notes. For further discussion on our currency interest rate swaps, see " Note 15: Derivative Financial Instruments ." During the second quarter of 2017, we issued a total of $7.1 billion aggregate principal amount of senior notes. We intend to use the net proceeds from the offering of the notes for general corporate purposes, which may include refinancing of outstanding debt or repurchases of shares of our common stock. Our senior floating rate notes pay interest quarterly and our senior fixed rate notes pay interest semiannually. We may redeem the fixed rate notes prior to their maturity at our option at specified redemption prices and subject to certain restrictions. The obligations under the notes rank equally in right of payment with all of our other existing and future senior unsecured indebtedness and effectively rank junior to all liabilities of our subsidiaries. Subsequent to the end of the second quarter of 2017, we gave notice of our intention to redeem the $1.0 billion , 4.90% senior notes due August 2045 . The redemption date is August 11, 2017. For further information on our debt instruments, see "Note 14: Borrowings" in Part II, Item 8 of our 2016 Form 10-K. |
Fair Value
Fair Value | 6 Months Ended |
Jul. 01, 2017 | |
Fair Value Disclosures [Abstract] | |
Fair Value [Text Block] | Note 13: 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 “Note 2: Accounting Policies" and "Note 15: Fair Value" in Part II, Item 8 of our 2016 Form 10-K. Assets and Liabilities Measured and Recorded at Fair Value on a Recurring Basis July 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 $ — $ 2,645 $ — $ 2,645 $ — $ 498 $ — $ 498 Financial institution instruments 1 3,020 2,139 — 5,159 1,920 811 — 2,731 Government debt 2 — 466 — 466 — 332 — 332 Reverse repurchase agreements — 2,335 — 2,335 — 768 — 768 Short-term investments: Corporate debt — 1,654 6 1,660 — 1,332 6 1,338 Financial institution instruments 1 — 1,221 — 1,221 — 1,603 — 1,603 Government debt 2 — 277 — 277 — 284 — 284 Trading assets: Asset-backed securities — 22 — 22 — 87 — 87 Corporate debt — 2,461 — 2,461 — 2,847 — 2,847 Financial institution instruments 1 92 1,544 — 1,636 36 1,608 — 1,644 Government debt 2 31 6,934 — 6,965 32 3,704 — 3,736 Other current assets: Derivative assets — 326 — 326 — 382 — 382 Loans receivable — 86 — 86 — 326 — 326 Marketable equity securities 5,472 432 — 5,904 6,180 — — 6,180 Other long-term investments: Corporate debt — 1,811 5 1,816 — 1,995 6 2,001 Financial institution instruments 1 — 1,632 — 1,632 — 1,758 — 1,758 Government debt 2 — 1,033 — 1,033 — 957 — 957 Other long-term assets: Derivative assets — 64 9 73 — 31 9 40 Loans receivable — 525 — 525 — 236 — 236 Total assets measured and recorded at fair value 8,615 27,607 20 36,242 8,168 19,559 21 27,748 Liabilities Other accrued liabilities: Derivative liabilities — 444 — 444 — 371 — 371 Other long-term liabilities: Derivative liabilities — 125 12 137 — 179 33 212 Total liabilities measured and recorded at fair value $ — $ 569 $ 12 $ 581 $ — $ 550 $ 33 $ 583 1 Level 1 investments consist of money market funds. Level 2 investments consist primarily of commercial paper, certificates of deposit, time deposits, and notes and bonds issued by financial institutions. 2 Level 1 investments consist primarily of US Treasury securities. Level 2 investments consist primarily of US Agency notes and non-U.S. government debt. In the second quarter of 2017, we began assigning fair value hierarchy levels based on the underlying instrument type for our fixed income portfolio. We have reclassified prior period amounts to conform to the current period presentation. Fair Value Option for Loans Receivable As of July 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 July 1, 2017 were $277 million during the second quarter of 2017 and $325 million during the first six months of 2017 ( $57 million during the second quarter of 2016 and $84 million during the first six months of 2016 on non-marketable equity investments held as of July 2, 2016 ). 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: July 1, 2017 (In Millions) Carrying Amount Fair Value Measured Using Fair Value Level 1 Level 2 Level 3 Grants receivable $ 440 $ — $ 440 $ — $ 440 Loans receivable 1 $ 2,465 $ — $ 2,465 $ — $ 2,465 Non-marketable cost method investments $ 2,719 $ — $ — $ 3,457 $ 3,457 Reverse repurchase agreements $ 250 $ — $ 250 $ — $ 250 Short-term debt $ 4,117 $ — $ 4,697 $ — $ 4,697 Long-term debt $ 27,855 $ 17,980 $ 11,630 $ — $ 29,610 1 Includes a loan receivable of $2.2 billion due from McAfee and TPG. The fair value of this loan receivable approximates its carrying value and we did not obtain or secure collateral against this obligation. For further information, see " Note 9: Acquisitions and Divestitures ." 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) | 6 Months Ended |
Jul. 01, 2017 | |
Equity [Abstract] | |
Other Comprehensive Income (Loss) [Text Block] | Note 14: Other Comprehensive Income (Loss) The changes in accumulated other comprehensive income (loss) by component and related tax effects in the first six 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 1,059 445 — 217 1 1,722 Amounts reclassified out of accumulated other comprehensive income (1,046 ) 16 (12 ) 40 507 (495 ) Tax effects (4 ) (130 ) 2 (27 ) — (159 ) Other comprehensive income (loss) 9 331 (10 ) 230 508 1,068 July 1, 2017 $ 2,173 $ 72 $ (50 ) $ (1,010 ) $ (11 ) $ 1,174 1 In the second quarter of 2017, we froze future benefit accruals for our Ireland pension plan. The amounts reclassified out of accumulated other comprehensive income (loss) into the consolidated condensed statements of income for each period were as follows: Income Before Taxes Impact Three Months Ended Six Months Ended Comprehensive Income Components Jul 1, Jul 2, Jul 1, Jul 2, Location Unrealized holding gains (losses) 1 on available-for-sale investments: $ 783 $ 403 $ 1,046 $ 488 Gains (losses) on equity investments, net 783 403 1,046 488 Unrealized holding gains (losses) on derivatives: Foreign currency contracts (27 ) (17 ) (47 ) (59 ) Cost of sales 2 7 (14 ) (3 ) Research and development (1 ) 3 (6 ) (1 ) Marketing, general and administrative 12 11 16 11 Gains (losses) on equity investments, net (3 ) (17 ) 35 17 Interest and other, net (17 ) (13 ) (16 ) (35 ) Amortization of pension and postretirement benefit components: Prior service credits (costs) 14 (2 ) 12 (4 ) Actuarial gains (losses) (18 ) (14 ) (40 ) (26 ) (4 ) (16 ) (28 ) (30 ) Currency translation adjustment (507 ) — (507 ) — Interest and other, net Total amounts reclassified out of accumulated other comprehensive income (loss) $ 255 $ 374 $ 495 $ 423 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 "Note 18: Retirement Benefit Plans" in Part II, Item 8 of our 2016 Form 10-K. We estimate that we will reclassify approximately $76 million (before taxes) of net derivative gains included in accumulated other comprehensive income (loss) into earnings within the next 12 months. During the second quarter of 2017, we reclassified approximately $507 million (before taxes) of currency translation adjustment losses included in accumulated other comprehensive income (loss) into earnings as a result of our divestiture of ISecG. For more information see " Note 9: Acquisitions and Divestitures ." |
Derivative Financial Instrument
Derivative Financial Instruments | 6 Months Ended |
Jul. 01, 2017 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Derivative Financial Instruments [Text Block] | Note 15: Derivative Financial Instruments For further information on our derivative policies, see “Note 2: Accounting Policies" 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) Jul 1, Dec 31, Jul 2, Foreign currency contracts $ 20,861 $ 17,960 $ 18,682 Interest rate contracts 16,781 14,228 10,039 Other 1,396 1,340 1,307 Total $ 39,038 $ 33,528 $ 30,028 Fair Value of Derivative Instruments in the Consolidated Condensed Balance Sheets July 1, 2017 December 31, 2016 (In Millions) Assets 1 Liabilities 2 Assets 1 Liabilities 2 Derivatives designated as hedging instruments: Foreign currency contracts 3 $ 283 $ 23 $ 21 $ 252 Interest rate contracts 12 114 3 187 Total derivatives designated as hedging instruments 295 137 24 439 Derivatives not designated as hedging instruments: Foreign currency contracts 3 83 421 374 114 Interest rate contracts 12 23 15 30 Other 9 — 9 — Total derivatives not designated as hedging instruments 104 444 398 144 Total derivatives $ 399 $ 581 $ 422 $ 583 1 Derivative assets are recorded as other assets, current and non-current. 2 Derivative liabilities are recorded as other liabilities, current and non-current. 3 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: July 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 $ 386 $ — $ 386 $ (232 ) $ (135 ) $ 19 Reverse repurchase agreements 2,585 — 2,585 — (2,585 ) — Total assets 2,971 — 2,971 (232 ) (2,720 ) 19 Liabilities: Derivative liabilities subject to master netting arrangements 563 — 563 (232 ) (303 ) 28 Total liabilities $ 563 $ — $ 563 $ (232 ) $ (303 ) $ 28 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 $180 million net gains in the second quarter of 2017 and $445 million net gains in the first six months of 2017 ( $39 million net gains in the second quarter of 2016 and $282 million net gains in the first six months of 2016 ). Substantially all of our cash flow hedges are foreign currency contracts for the first six months of 2017 and 2016 . During the first six 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 14: 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 Six Months Ended (In Millions) Jul 1, Jul 2, Jul 1, Jul 2, Interest rate contracts $ 96 $ 60 $ 82 $ 222 Hedged items (96 ) (60 ) (82 ) (222 ) 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 Six Months Ended (In Millions) Location of Gains (Losses) Recognized in Income on Derivatives Jul 1, Jul 2, Jul 1, Jul 2, Foreign currency contracts Interest and other, net $ (271 ) $ 64 $ (430 ) $ (174 ) Interest rate contracts Interest and other, net 1 (8 ) (1 ) (15 ) Other Various 38 6 95 18 Total $ (232 ) $ 62 $ (336 ) $ (171 ) |
Employee Equity Incentive Plans
Employee Equity Incentive Plans | 6 Months Ended |
Jul. 01, 2017 | |
Employee Benefits and Share-based Compensation [Abstract] | |
Employee Equity Incentive Plans [Text Block] | Note 16: Employee Equity Incentive Plans Our equity incentive plans are broad-based, long-term programs intended to attract and retain talented employees and align stockholder and employee interests. In May 2017, stockholders approved an extension of the expiration date of the 2006 Equity Incentive Plan to June 2020 and approved an additional 33 million shares reserved for issuance under the plan. As of July 2, 2017, 217 million shares of common stock remained available for future grants. Share-Based Compensation Share-based compensation expense recognized was $328 million in the second quarter of 2017 and $725 million in the first six months of 2017 ( $364 million in the second quarter of 2016 and $812 million in the first six months of 2016 ). Restricted Stock Unit Awards Restricted stock unit activity in the first six 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 39.8 $ 34.51 Vested (36.6 ) $ 27.15 Forfeited (9.3 ) $ 29.82 July 1, 2017 100.7 $ 31.76 The aggregate fair value of awards that vested in the first six months of 2017 was $1.4 billion , 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 six months of 2017 was $994 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 six months of 2017 for $235 million ( 9.2 million shares of common stock in the first six months of 2016 for $227 million ) under the 2006 Stock Purchase Plan. |
Contingencies
Contingencies | 6 Months Ended |
Jul. 01, 2017 | |
Commitments and Contingencies Disclosure [Abstract] | |
Contingencies [Text Block] | Note 17: 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. The Court of Justice has announced that it will issue its decision in September 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. The appeal is fully briefed, and we are waiting on a hearing date from the appellate court. 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. In March 2017, plaintiff filed a motion for fees. The court denied plaintiff’s fee motion in May 2017, and entered final judgment in this matter in June 2017. Esposito has 60 days to appeal the final judgment. 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. The appeal is fully briefed, and we are waiting on a hearing date from the appellate court. 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. Intel Corporation v. Future Link Systems, LLC In March 2014, Intel filed a complaint against Future Link Systems, LLC (Future Link) in the United States District Court for the District of Delaware, requesting a declaratory judgment that Intel and its customers do not infringe any valid, enforceable claim of nine patents owned by Future Link. In July 2015, Future Link filed counterclaims against Intel alleging infringement of fifteen patents. Fact and expert discovery have concluded. As of the exchange of expert reports, Future Link alleges infringement of fourteen patents and past damages in the amount of approximately $9.9 billion . In June 2017, the court denied Intel’s Daubert motion to exclude opinions of Future Link’s damages experts, and Future Link’s Daubert motion to exclude opinions of Intel’s damages experts. The court has not yet ruled on numerous motions for summary judgment of certain claims filed by both Intel and Future Link. The court has scheduled a jury trial in September 2017, but the court has not yet ruled on the parties’ different proposals for which claims will be adjudicated in that trial. Given the procedural posture and the nature of this case, we are unable to make a reasonable estimate of the potential loss or range of losses, if any, arising from this matter. We dispute Future Link’s claims and intend to vigorously defend against them. |
Operating Segments Information
Operating Segments Information (Tables) | 6 Months Ended |
Jul. 01, 2017 | |
Segment Reporting [Abstract] | |
Schedule of Segment Reporting Information, by Segment [Table Text Block] | Net revenue and operating income (loss) for each period were as follows: Three Months Ended Six Months Ended (In Millions) Jul 1, Jul 2, Jul 1, Jul 2, Net revenue: Client Computing Group Platform $ 7,634 $ 6,938 $ 15,031 $ 14,137 Other 579 400 1,158 750 8,213 7,338 16,189 14,887 Data Center Group Platform 4,026 3,718 7,905 7,425 Other 346 309 699 601 4,372 4,027 8,604 8,026 Internet of Things Group Platform 614 497 1,246 1,068 Other 106 75 195 155 720 572 1,441 1,223 Non-Volatile Memory Solutions Group 874 554 1,740 1,111 Programmable Solutions Group 440 465 865 824 All other 144 577 720 1,164 Total net revenue $ 14,763 $ 13,533 $ 29,559 $ 27,235 Operating income (loss): Client Computing Group $ 3,025 $ 1,911 $ 6,056 $ 3,796 Data Center Group 1,661 1,765 3,148 3,529 Internet of Things Group 139 89 244 212 Non-Volatile Memory Solutions Group (110 ) (224 ) (239 ) (319 ) Programmable Solutions Group 97 (62 ) 189 (262 ) All other (985 ) (2,161 ) (1,972 ) (3,070 ) Total operating income $ 3,827 $ 1,318 $ 7,426 $ 3,886 |
Earnings Per Share (Tables)
Earnings Per Share (Tables) | 6 Months Ended |
Jul. 01, 2017 | |
Earnings Per Share [Abstract] | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | Three Months Ended Six Months Ended (In Millions, Except Per Share Amounts) Jul 1, Jul 2, Jul 1, Jul 2, Net income available to common stockholders $ 2,808 $ 1,330 $ 5,772 $ 3,376 Weighted average shares of common stock outstanding—basic 4,710 4,729 4,717 4,725 Dilutive effect of employee equity incentive plans 36 49 48 57 Dilutive effect of convertible debt 99 88 99 88 Weighted average shares of common stock outstanding—diluted 4,845 4,866 4,864 4,870 Basic earnings per share of common stock $ 0.60 $ 0.28 $ 1.22 $ 0.71 Diluted earnings per share of common stock $ 0.58 $ 0.27 $ 1.19 $ 0.69 |
Other Financial Statement Det26
Other Financial Statement Details (Tables) | 6 Months Ended |
Jul. 01, 2017 | |
Other Financial Statement Details [Abstract] | |
Schedule of Inventory, Current [Table Text Block] | (In Millions) Jul 1, Dec 31, Raw materials $ 1,014 $ 695 Work in process 3,775 3,190 Finished goods 1,535 1,668 Total inventories $ 6,324 $ 5,553 |
Deferred Revenue, by Arrangement, Disclosure [Table Text Block] | (In Millions) Jul 1, Dec 31, Deferred income on shipments of components to distributors $ 1,416 $ 1,475 Deferred income from software, services and other 171 243 Current deferred income $ 1,587 $ 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 Six Months Ended (In Millions) Jul 1, Jul 2, Jul 1, Jul 2, Share of equity method investee losses, net $ (8 ) $ (12 ) $ (19 ) $ (20 ) Impairments (555 ) (60 ) (603 ) (89 ) Gains on sales, net 802 419 1,076 515 Dividends 66 74 68 74 Other, net 37 57 72 20 Total gains (losses) on equity investments, net $ 342 $ 478 $ 594 $ 500 |
Interest and Other, Net [Table Text Block] | The components of interest and other, net for each period were as follows: Three Months Ended Six Months Ended (In Millions) Jul 1, Jul 2, Jul 1, Jul 2, Interest income $ 136 $ 51 $ 212 $ 103 Interest expense (156 ) (187 ) (302 ) (395 ) Other, net 423 10 457 84 Total interest and other, net $ 403 $ (126 ) $ 367 $ (208 ) |
Restructuring and Other Charg27
Restructuring and Other Charges (Tables) | 6 Months Ended |
Jul. 01, 2017 | |
Restructuring Cost and Reserve [Line Items] | |
Restructuring and Related Costs [Table Text Block] | Three Months Ended Six Months Ended (In Millions) Jul 1, Jul 2, Jul 1, Jul 2, 2016 Restructuring Program $ (42 ) $ 1,414 $ (53 ) $ 1,414 Other charges 147 — 238 — Total restructuring and other charges $ 105 $ 1,414 $ 185 $ 1,414 Three Months Ended Six Months Ended (In Millions) Jul 1, Jul 1, ISecG separation costs $ 70 $ 143 Other 77 95 Total other charges $ 147 $ 238 |
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 Six Months Ended (In Millions) Jul 1, Jul 2, Jul 1, Jul 2, Employee severance and benefit arrangements $ (49 ) $ 1,414 $ (70 ) $ 1,414 Asset impairment and other charges 7 — 17 — Total restructuring and other charges $ (42 ) $ 1,414 $ (53 ) $ 1,414 |
Schedule of Restructuring Reserve by Type of Cost [Table Text Block] | Restructuring and other activity for the 2016 Restructuring Program for the first six 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 — 17 17 Adjustments (70 ) — (70 ) Cash payments (217 ) (16 ) (233 ) Non-cash settlements — (1 ) (1 ) Accrued restructuring balance as of July 1, 2017 $ 298 $ 10 $ 308 |
Investments (Tables)
Investments (Tables) | 6 Months Ended |
Jul. 01, 2017 | |
Schedule of Available-For-Sale Securities [Line Items] | |
Schedule of Available-for-sale Securities Reconciliation [Table Text Block] | July 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 $ 6,115 $ 13 $ (7 ) $ 6,121 $ 3,847 $ 4 $ (14 ) $ 3,837 Financial institution instruments 8,011 7 (6 ) 8,012 6,098 5 (11 ) 6,092 Government debt 1,778 3 (5 ) 1,776 1,581 — (8 ) 1,573 Marketable equity securities 2,560 3,344 — 5,904 2,818 3,363 (1 ) 6,180 Total available-for-sale investments $ 18,464 $ 3,367 $ (18 ) $ 21,813 $ 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 July 1, 2017 , were as follows: (In Millions) Fair Value Due in 1 year or less $ 8,408 Due in 1–2 years 1,434 Due in 2–5 years 2,976 Due after 5 years 71 Instruments not due at a single maturity date 3,020 Total $ 15,909 |
Acquisitions and Divestitures (
Acquisitions and Divestitures (Tables) | 6 Months Ended |
Jul. 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 as of the transaction close date included the following: (In Millions) Apr 3, Accounts receivable $ 317 Goodwill 3,601 Identified intangible assets 965 Other assets 276 Total assets $ 5,159 Deferred income $ 1,553 Other liabilities 276 Total liabilities $ 1,829 |
Identified Intangible Assets (T
Identified Intangible Assets (Tables) | 6 Months Ended |
Jul. 01, 2017 | |
Intangible Assets, Net (Excluding Goodwill) [Abstract] | |
Schedule of Finite-Lived Intangible Assets [Table Text Block] | July 1, 2017 (In Millions) Gross Assets Accumulated Net Acquisition-related developed technology $ 6,591 $ (1,441 ) $ 5,150 Acquisition-related customer relationships 1,340 (224 ) 1,116 Acquisition-related brands 79 (19 ) 60 Licensed technology and patents 3,184 (1,451 ) 1,733 Identified intangible assets subject to amortization 11,194 (3,135 ) 8,059 In-process research and development 808 — 808 Identified intangible assets not subject to amortization 808 — 808 Total identified intangible assets $ 12,002 $ (3,135 ) $ 8,867 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] | July 1, 2017 (In Millions) Gross Assets Accumulated Net Acquisition-related developed technology $ 6,591 $ (1,441 ) $ 5,150 Acquisition-related customer relationships 1,340 (224 ) 1,116 Acquisition-related brands 79 (19 ) 60 Licensed technology and patents 3,184 (1,451 ) 1,733 Identified intangible assets subject to amortization 11,194 (3,135 ) 8,059 In-process research and development 808 — 808 Identified intangible assets not subject to amortization 808 — 808 Total identified intangible assets $ 12,002 $ (3,135 ) $ 8,867 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 Six Months Ended (In Millions) Location Jul 1, Jul 2, Jul 1, Jul 2, Acquisition-related developed technology Cost of sales $ 198 $ 235 $ 407 $ 470 Acquisition-related customer relationships Amortization of acquisition-related intangibles 33 82 68 165 Acquisition-related brands Amortization of acquisition-related intangibles 4 7 7 14 Licensed technology and patents Cost of sales 78 71 152 142 Total amortization expense $ 313 $ 395 $ 634 $ 791 |
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 $ 394 $ 784 $ 782 $ 750 $ 715 Acquisition-related customer relationships 67 122 121 119 119 Acquisition-related brands 7 13 13 13 14 Licensed technology and patents 132 231 219 194 179 Total future amortization expenses $ 600 $ 1,150 $ 1,135 $ 1,076 $ 1,027 |
Other Long-Term Assets (Tables)
Other Long-Term Assets (Tables) | 6 Months Ended |
Jul. 01, 2017 | |
Other Assets, Noncurrent Disclosure [Abstract] | |
Schedule of Other Assets, Noncurrent [Table Text Block] | (In Millions) Jul 1, Dec 31, Equity method investments $ 2,266 $ 1,328 Non-marketable cost method investments 2,719 3,098 Non-current deferred tax assets 753 907 Pre-payments for property, plant and equipment 422 347 Loans receivable 2,725 236 Reverse repurchase agreements — 250 Other 1,121 993 Total other long-term assets $ 10,006 $ 7,159 |
Borrowings (Tables)
Borrowings (Tables) | 6 Months Ended |
Jul. 01, 2017 | |
Debt Disclosure [Abstract] | |
Schedule of Short-term Debt [Table Text Block] | Short-Term Debt (In Millions) Jul 1, Dec 31, Drafts payable $ 13 $ 25 Current portion of long-term debt 4,125 4,618 Less: debt issuance costs associated with the current portion of long-term debt (8 ) (9 ) Total short-term debt $ 4,130 $ 4,634 |
Schedule of Long-term Debt Instruments [Table Text Block] | Long-Term Debt Our indebtedness is carried at amortized cost net of applicable hedge adjustments. (In Millions) Jul 1, Dec 31, Floating-rate senior notes: $700, three-month LIBOR plus 0.08%, due May 2020 $ 700 $ — $800, three-month LIBOR plus 0.35%, due May 2022 800 — Fixed-rate senior notes: $500, 1.75%, due May 2017 — 501 $3,000, 1.35%, due December 2017 3,000 2,999 $600, 2.50%, due November 2018 603 604 A$250, 3.25%, due December 2019 1 191 180 $1,000, 1.85%, due May 2020 1,000 — $1,750, 2.45%, due July 2020 1,749 1,749 $500, 1.70%, due May 2021 499 499 $2,000, 3.30%, due October 2021 1,999 1,988 $750, 2.35%, due May 2022 748 — $1,000, 3.10%, due July 2022 995 987 A$550, 4.00%, due December 2022 1 419 394 $1,500, 2.70%, due December 2022 1,493 1,480 $400, 4.10%, due November 2023 422 424 $1,250, 2.88%, due May 2024 1,241 — $600, 2.70%, due June 2024 600 — $2,250, 3.70%, due July 2025 2,176 2,148 $1,000, 2.60%, due May 2026 995 983 $1,000, 3.15%, due May 2027 997 — $750, 4.00%, due December 2032 745 745 $1,500, 4.80%, due October 2041 1,491 1,491 $925, 4.25%, due December 2042 924 924 $2,000, 4.90%, due July 2045 1,999 1,999 $1,007, 4.90%, due August 2045 1,005 995 $915, 4.70%, due December 2045 905 894 $1,250, 4.10%, due May 2046 1,243 1,243 $1,000, 4.10%, due May 2047 994 — Junior subordinated convertible debentures: $1,600, 2.95%, due December 2035 1,000 992 $2,000, 3.25%, due August 2039 1,126 1,118 Long-term debt 32,059 25,337 Less: current portion of long-term debt (4,125 ) (4,618 ) Less: debt issuance costs (79 ) (70 ) Total long-term debt $ 27,855 $ 20,649 |
Fair Value (Tables)
Fair Value (Tables) | 6 Months Ended |
Jul. 01, 2017 | |
Fair Value Disclosures [Abstract] | |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | Assets and Liabilities Measured and Recorded at Fair Value on a Recurring Basis July 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 $ — $ 2,645 $ — $ 2,645 $ — $ 498 $ — $ 498 Financial institution instruments 1 3,020 2,139 — 5,159 1,920 811 — 2,731 Government debt 2 — 466 — 466 — 332 — 332 Reverse repurchase agreements — 2,335 — 2,335 — 768 — 768 Short-term investments: Corporate debt — 1,654 6 1,660 — 1,332 6 1,338 Financial institution instruments 1 — 1,221 — 1,221 — 1,603 — 1,603 Government debt 2 — 277 — 277 — 284 — 284 Trading assets: Asset-backed securities — 22 — 22 — 87 — 87 Corporate debt — 2,461 — 2,461 — 2,847 — 2,847 Financial institution instruments 1 92 1,544 — 1,636 36 1,608 — 1,644 Government debt 2 31 6,934 — 6,965 32 3,704 — 3,736 Other current assets: Derivative assets — 326 — 326 — 382 — 382 Loans receivable — 86 — 86 — 326 — 326 Marketable equity securities 5,472 432 — 5,904 6,180 — — 6,180 Other long-term investments: Corporate debt — 1,811 5 1,816 — 1,995 6 2,001 Financial institution instruments 1 — 1,632 — 1,632 — 1,758 — 1,758 Government debt 2 — 1,033 — 1,033 — 957 — 957 Other long-term assets: Derivative assets — 64 9 73 — 31 9 40 Loans receivable — 525 — 525 — 236 — 236 Total assets measured and recorded at fair value 8,615 27,607 20 36,242 8,168 19,559 21 27,748 Liabilities Other accrued liabilities: Derivative liabilities — 444 — 444 — 371 — 371 Other long-term liabilities: Derivative liabilities — 125 12 137 — 179 33 212 Total liabilities measured and recorded at fair value $ — $ 569 $ 12 $ 581 $ — $ 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: July 1, 2017 (In Millions) Carrying Amount Fair Value Measured Using Fair Value Level 1 Level 2 Level 3 Grants receivable $ 440 $ — $ 440 $ — $ 440 Loans receivable 1 $ 2,465 $ — $ 2,465 $ — $ 2,465 Non-marketable cost method investments $ 2,719 $ — $ — $ 3,457 $ 3,457 Reverse repurchase agreements $ 250 $ — $ 250 $ — $ 250 Short-term debt $ 4,117 $ — $ 4,697 $ — $ 4,697 Long-term debt $ 27,855 $ 17,980 $ 11,630 $ — $ 29,610 1 Includes a loan receivable of $2.2 billion due from McAfee and TPG. The fair value of this loan receivable approximates its carrying value and we did not obtain or secure collateral against this obligation. For further information, see " Note 9: Acquisitions and Divestitures ." 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 (L34
Other Comprehensive Income (Loss) (Tables) | 6 Months Ended |
Jul. 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 six 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 1,059 445 — 217 1 1,722 Amounts reclassified out of accumulated other comprehensive income (1,046 ) 16 (12 ) 40 507 (495 ) Tax effects (4 ) (130 ) 2 (27 ) — (159 ) Other comprehensive income (loss) 9 331 (10 ) 230 508 1,068 July 1, 2017 $ 2,173 $ 72 $ (50 ) $ (1,010 ) $ (11 ) $ 1,174 |
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: Income Before Taxes Impact Three Months Ended Six Months Ended Comprehensive Income Components Jul 1, Jul 2, Jul 1, Jul 2, Location Unrealized holding gains (losses) 1 on available-for-sale investments: $ 783 $ 403 $ 1,046 $ 488 Gains (losses) on equity investments, net 783 403 1,046 488 Unrealized holding gains (losses) on derivatives: Foreign currency contracts (27 ) (17 ) (47 ) (59 ) Cost of sales 2 7 (14 ) (3 ) Research and development (1 ) 3 (6 ) (1 ) Marketing, general and administrative 12 11 16 11 Gains (losses) on equity investments, net (3 ) (17 ) 35 17 Interest and other, net (17 ) (13 ) (16 ) (35 ) Amortization of pension and postretirement benefit components: Prior service credits (costs) 14 (2 ) 12 (4 ) Actuarial gains (losses) (18 ) (14 ) (40 ) (26 ) (4 ) (16 ) (28 ) (30 ) Currency translation adjustment (507 ) — (507 ) — Interest and other, net Total amounts reclassified out of accumulated other comprehensive income (loss) $ 255 $ 374 $ 495 $ 423 |
Derivative Financial Instrume35
Derivative Financial Instruments (Tables) | 6 Months Ended |
Jul. 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) Jul 1, Dec 31, Jul 2, Foreign currency contracts $ 20,861 $ 17,960 $ 18,682 Interest rate contracts 16,781 14,228 10,039 Other 1,396 1,340 1,307 Total $ 39,038 $ 33,528 $ 30,028 |
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block] | Fair Value of Derivative Instruments in the Consolidated Condensed Balance Sheets July 1, 2017 December 31, 2016 (In Millions) Assets 1 Liabilities 2 Assets 1 Liabilities 2 Derivatives designated as hedging instruments: Foreign currency contracts 3 $ 283 $ 23 $ 21 $ 252 Interest rate contracts 12 114 3 187 Total derivatives designated as hedging instruments 295 137 24 439 Derivatives not designated as hedging instruments: Foreign currency contracts 3 83 421 374 114 Interest rate contracts 12 23 15 30 Other 9 — 9 — Total derivatives not designated as hedging instruments 104 444 398 144 Total derivatives $ 399 $ 581 $ 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: July 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 $ 386 $ — $ 386 $ (232 ) $ (135 ) $ 19 Reverse repurchase agreements 2,585 — 2,585 — (2,585 ) — Total assets 2,971 — 2,971 (232 ) (2,720 ) 19 Liabilities: Derivative liabilities subject to master netting arrangements 563 — 563 (232 ) (303 ) 28 Total liabilities $ 563 $ — $ 563 $ (232 ) $ (303 ) $ 28 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 Six Months Ended (In Millions) Location of Gains (Losses) Recognized in Income on Derivatives Jul 1, Jul 2, Jul 1, Jul 2, Foreign currency contracts Interest and other, net $ (271 ) $ 64 $ (430 ) $ (174 ) Interest rate contracts Interest and other, net 1 (8 ) (1 ) (15 ) Other Various 38 6 95 18 Total $ (232 ) $ 62 $ (336 ) $ (171 ) |
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 Six Months Ended (In Millions) Jul 1, Jul 2, Jul 1, Jul 2, Interest rate contracts $ 96 $ 60 $ 82 $ 222 Hedged items (96 ) (60 ) (82 ) (222 ) Total $ — $ — $ — $ — |
Employee Equity Incentive Pla36
Employee Equity Incentive Plans (Tables) | 6 Months Ended |
Jul. 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 six 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 39.8 $ 34.51 Vested (36.6 ) $ 27.15 Forfeited (9.3 ) $ 29.82 July 1, 2017 100.7 $ 31.76 |
Recent Accounting Standards (De
Recent Accounting Standards (Details) $ in Millions | 6 Months Ended |
Jul. 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 Informatio38
Operating Segments Information (Detail) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jul. 01, 2017 | Jul. 02, 2016 | Jul. 01, 2017 | Jul. 02, 2016 | |
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract] | ||||
Net revenue | $ 14,763 | $ 13,533 | $ 29,559 | $ 27,235 |
Operating income (loss) | 3,827 | 1,318 | 7,426 | 3,886 |
Client Computing Group [Member] | ||||
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract] | ||||
Net revenue | 8,213 | 7,338 | 16,189 | 14,887 |
Operating income (loss) | 3,025 | 1,911 | 6,056 | 3,796 |
Client Computing Group [Member] | Platform [Member] | ||||
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract] | ||||
Net revenue | 7,634 | 6,938 | 15,031 | 14,137 |
Client Computing Group [Member] | Other [Member] | ||||
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract] | ||||
Net revenue | 579 | 400 | 1,158 | 750 |
Data Center Group [Member] | ||||
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract] | ||||
Net revenue | 4,372 | 4,027 | 8,604 | 8,026 |
Operating income (loss) | 1,661 | 1,765 | 3,148 | 3,529 |
Data Center Group [Member] | Platform [Member] | ||||
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract] | ||||
Net revenue | 4,026 | 3,718 | 7,905 | 7,425 |
Data Center Group [Member] | Other [Member] | ||||
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract] | ||||
Net revenue | 346 | 309 | 699 | 601 |
Internet of Things Group [Member] | ||||
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract] | ||||
Net revenue | 720 | 572 | 1,441 | 1,223 |
Operating income (loss) | 139 | 89 | 244 | 212 |
Internet of Things Group [Member] | Platform [Member] | ||||
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract] | ||||
Net revenue | 614 | 497 | 1,246 | 1,068 |
Internet of Things Group [Member] | Other [Member] | ||||
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract] | ||||
Net revenue | 106 | 75 | 195 | 155 |
Non-Volatile Memory Solutions Group [Member] | ||||
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract] | ||||
Net revenue | 874 | 554 | 1,740 | 1,111 |
Operating income (loss) | (110) | (224) | (239) | (319) |
Programmable Solutions Group [Member] | ||||
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract] | ||||
Net revenue | 440 | 465 | 865 | 824 |
Operating income (loss) | 97 | (62) | 189 | (262) |
All other [Member] | ||||
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract] | ||||
Net revenue | 144 | 577 | 720 | 1,164 |
Operating income (loss) | $ (985) | $ (2,161) | $ (1,972) | $ (3,070) |
Earnings Per Share (Detail)
Earnings Per Share (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jul. 01, 2017 | Jul. 02, 2016 | Jul. 01, 2017 | Jul. 02, 2016 | |
Earnings Per Share [Abstract] | ||||
Net income | $ 2,808 | $ 1,330 | $ 5,772 | $ 3,376 |
Weighted average shares of common stock outstanding—basic | 4,710 | 4,729 | 4,717 | 4,725 |
Dilutive effect of employee equity incentive plans (shares) | 36 | 49 | 48 | 57 |
Dilutive effect of convertible debt (shares) | 99 | 88 | 99 | 88 |
Weighted average shares of common stock outstanding—diluted | 4,845 | 4,866 | 4,864 | 4,870 |
Basic earnings per share of common stock (in dollars per share) | $ 0.60 | $ 0.28 | $ 1.22 | $ 0.71 |
Diluted earnings per share of common stock (in dollars per share) | $ 0.58 | $ 0.27 | $ 1.19 | $ 0.69 |
Other Financial Statement Det40
Other Financial Statement Details Inventories (Details) - USD ($) $ in Millions | Jul. 01, 2017 | Dec. 31, 2016 |
Inventory, Net [Abstract] | ||
Raw materials | $ 1,014 | $ 695 |
Work in process | 3,775 | 3,190 |
Finished goods | 1,535 | 1,668 |
Total inventories | $ 6,324 | $ 5,553 |
Other Financial Statement Det41
Other Financial Statement Details Deferred Revenue (Details) - USD ($) $ in Millions | Jul. 01, 2017 | Dec. 31, 2016 |
Deferred Revenue Arrangement [Line Items] | ||
Current deferred income | $ 1,587 | $ 1,718 |
Shipments of components to distributors [Member] | ||
Deferred Revenue Arrangement [Line Items] | ||
Current deferred income | 1,416 | 1,475 |
Software Services And Other [Member] | ||
Deferred Revenue Arrangement [Line Items] | ||
Current deferred income | $ 171 | $ 243 |
Other Financial Statement Det42
Other Financial Statement Details Gain (Loss) on Investments (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jul. 01, 2017 | Jul. 02, 2016 | Jul. 01, 2017 | Jul. 02, 2016 | |
Gain (Loss) on Investments [Line Items] | ||||
Share of equity method investee losses, net | $ (8) | $ (12) | $ (19) | $ (20) |
Impairments | (555) | (60) | (603) | (89) |
Other, net | 37 | 57 | 72 | 20 |
Gains (losses) on equity investments, net | 342 | 478 | 594 | 500 |
Equity Securities [Member] | ||||
Gain (Loss) on Investments [Line Items] | ||||
Gains on sales, net | 802 | 419 | 1,076 | 515 |
Dividends | $ 66 | $ 74 | $ 68 | $ 74 |
Other Financial Statement Det43
Other Financial Statement Details Interest and Other, Net (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jul. 01, 2017 | Jul. 02, 2016 | Jul. 01, 2017 | Jul. 02, 2016 | |
Other Nonoperating Income (Expense) [Abstract] | ||||
Interest income | $ 136 | $ 51 | $ 212 | $ 103 |
Interest expense | (156) | (187) | (302) | (395) |
Other, net | 423 | 10 | 457 | 84 |
Total interest and other, net | 403 | (126) | 367 | (208) |
Interest Costs Capitalized | $ 69 | $ 24 | $ 136 | $ 46 |
Restructuring and Other Charg44
Restructuring and Other Charges (Detail) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jul. 01, 2017USD ($) | Jul. 02, 2016USD ($) | Jul. 01, 2017USD ($)Employee | Jul. 02, 2016USD ($) | |
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring and other charges | $ 105 | $ 1,414 | $ 185 | $ 1,414 |
Other Nonrecurring Expense | 147 | 0 | 238 | 0 |
Asset impairments and other restructuring [Member] | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Other Nonrecurring Expense | 77 | 95 | ||
ISecG separation costs [Member] | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Other Nonrecurring Expense | 70 | 143 | ||
2016 Restructuring Program [Member] | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring and other charges | (42) | 1,414 | (53) | 1,414 |
Restructuring and Related Cost, Incurred Cost | (42) | 1,414 | (53) | 1,414 |
Restructuring Reserve [Roll Forward] | ||||
Accrued restructuring, Beginning Balance | 595 | |||
Additional accruals | 17 | |||
Adjustments | (70) | |||
Cash payments | (233) | |||
Non-cash settlements | (1) | |||
Accrued restructuring, Ending Balance | 308 | $ 308 | ||
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 | (49) | 1,414 | $ (70) | 1,414 |
Restructuring Reserve [Roll Forward] | ||||
Accrued restructuring, Beginning Balance | 585 | |||
Additional accruals | 0 | |||
Adjustments | (70) | |||
Cash payments | (217) | |||
Non-cash settlements | 0 | |||
Accrued restructuring, Ending Balance | 298 | 298 | ||
2016 Restructuring Program [Member] | Asset impairments and other restructuring [Member] | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring and Related Cost, Incurred Cost | 7 | $ 0 | 17 | $ 0 |
Restructuring Reserve [Roll Forward] | ||||
Accrued restructuring, Beginning Balance | 10 | |||
Additional accruals | 17 | |||
Adjustments | 0 | |||
Cash payments | (16) | |||
Non-cash settlements | (1) | |||
Accrued restructuring, Ending Balance | $ 10 | $ 10 |
Income Taxes (Details)
Income Taxes (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | |
Jul. 01, 2017 | Jul. 01, 2017 | Jul. 02, 2016 | |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |||
Effective Income Tax Rate Reconciliation, Percent | 31.20% | 19.20% | |
Intel Security Group [Member] | |||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |||
Current Income Tax Expense (Benefit) | $ 822 |
Investments, Available-for-Sale
Investments, Available-for-Sale Investments (Detail) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | |||
Jul. 01, 2017 | Jul. 02, 2016 | Jul. 01, 2017 | Jul. 02, 2016 | Dec. 31, 2016 | |
Available-for-sale Securities [Abstract] | |||||
Fair Value | $ 15,909 | $ 15,909 | |||
Adjusted Cost, Total | 18,464 | 18,464 | $ 14,344 | ||
Gross Unrealized Gains, Total | 3,367 | 3,367 | 3,372 | ||
Gross Unrealized Losses, Total | (18) | (18) | (34) | ||
Fair Value, Total | 21,813 | 21,813 | 17,682 | ||
Available-for-sale Securities, sale Proceeds | 1,300 | $ 875 | 1,800 | $ 3,800 | |
Available-for-sale Securities, Gross Realized Gains | 796 | 403 | 1,100 | 497 | |
Due in 1 year or less, Fair Value | 8,408 | 8,408 | |||
Due in 1-2 years, Fair Value | 1,434 | 1,434 | |||
Due in 2-5 years, Fair Value | 2,976 | 2,976 | |||
Available-for-sale Securities, Debt Maturities, Year Six Through Ten, Fair Value | 71 | 71 | |||
Instruments not due at a single maturity date, Fair Value | 3,020 | 3,020 | |||
Other than Temporary Impairment Losses, Investments | 555 | $ 60 | 603 | $ 89 | |
Corporate Debt Securities [Member] | |||||
Available-for-sale Securities [Abstract] | |||||
Adjusted Cost | 6,115 | 6,115 | 3,847 | ||
Gross Unrealized Gains | 13 | 13 | 4 | ||
Gross Unrealized Losses | (7) | (7) | (14) | ||
Fair Value | 6,121 | 6,121 | 3,837 | ||
Financial Institution Instruments [Member] | |||||
Available-for-sale Securities [Abstract] | |||||
Adjusted Cost | 8,011 | 8,011 | 6,098 | ||
Gross Unrealized Gains | 7 | 7 | 5 | ||
Gross Unrealized Losses | (6) | (6) | (11) | ||
Fair Value | 8,012 | 8,012 | 6,092 | ||
Government Debt [Member] | |||||
Available-for-sale Securities [Abstract] | |||||
Adjusted Cost | 1,778 | 1,778 | 1,581 | ||
Gross Unrealized Gains | 3 | 3 | 0 | ||
Gross Unrealized Losses | (5) | (5) | (8) | ||
Fair Value | 1,776 | 1,776 | 1,573 | ||
Marketable Equity Securities [Member] | |||||
Available-for-sale Securities [Abstract] | |||||
Adjusted Cost | 2,560 | 2,560 | 2,818 | ||
Gross Unrealized Gains | 3,344 | 3,344 | 3,363 | ||
Gross Unrealized Losses | 0 | 0 | (1) | ||
Fair Value | $ 5,904 | 5,904 | $ 6,180 | ||
Cloudera, Inc [Member] | |||||
Available-for-sale Securities [Abstract] | |||||
Other than Temporary Impairment Losses, Investments | $ 278 |
Investments, Equity Method Inve
Investments, Equity Method Investments (Detail) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | |||
Jul. 01, 2017 | Jul. 02, 2016 | Jul. 01, 2017 | Jul. 02, 2016 | Dec. 31, 2016 | |
Schedule of Equity Method Investments [Line Items] | |||||
Carrying Value, equity method investments | $ 2,266 | $ 2,266 | $ 1,328 | ||
Other than Temporary Impairment Losses, Investments | 555 | $ 60 | 603 | $ 89 | |
Carrying Value, cost method investments | $ 2,719 | $ 2,719 | 3,098 | ||
McAfee [Member] | |||||
Schedule of Equity Method Investments [Line Items] | |||||
Ownership Percentage | 49.00% | 49.00% | |||
Carrying Value, equity method investments | $ 1,100 | $ 1,100 | |||
IM Flash Technologies, LLC [Member] | |||||
Schedule of Equity Method Investments [Line Items] | |||||
Ownership Percentage | 49.00% | 49.00% | |||
Carrying Value, equity method investments | $ 837 | $ 837 | 849 | ||
Percentage Of Purchase Commitment Of Production Output And Production Related Services | 49.00% | 49.00% | |||
Related Party Transactions [Abstract] | |||||
Related Party Transaction, Purchases from Related Party | $ 105 | $ 100 | $ 235 | $ 200 | |
Due to Related Parties | 100 | 100 | $ 95 | ||
Beijing UniSpreadtrum Technology Ltd Phase One [Member] | |||||
Schedule of Equity Method Investments [Line Items] | |||||
Other than Temporary Impairment Losses, Investments | 147 | ||||
Carrying Value, cost method investments | $ 966 | $ 966 |
Investments, Non-marketable Cos
Investments, Non-marketable Cost Method Investments (Details) $ in Millions, ¥ in Billions | 3 Months Ended | 6 Months Ended | |||||
Jul. 01, 2017USD ($) | Jul. 02, 2016USD ($) | Jul. 01, 2017USD ($) | Jul. 02, 2016USD ($) | Jul. 01, 2017CNY (¥) | Jul. 01, 2017USD ($) | Dec. 31, 2016USD ($) | |
Schedule of Cost-method Investments [Line Items] | |||||||
Carrying Value, cost method investments | $ 2,719 | $ 3,098 | |||||
Other than Temporary Impairment Losses, Investments | $ 555 | $ 60 | $ 603 | $ 89 | |||
Beijing UniSpreadtrum Technology Ltd Phase One [Member] | |||||||
Schedule of Cost-method Investments [Line Items] | |||||||
Carrying Value, cost method investments | 966 | ||||||
Other than Temporary Impairment Losses, Investments | $ 147 | ||||||
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 | 6 Months Ended | ||
Jul. 01, 2017 | Jul. 02, 2016 | Jul. 01, 2017 | Jul. 02, 2016 | |
Schedule Of Trading Securities And Other Trading Assets [Line Items] | ||||
Trading Securities, Change in Unrealized Holding Gain (Loss) | $ 321 | $ 0 | $ 483 | $ 190 |
Unrealized Gain (Loss) on Derivatives | $ (311) | $ (446) | $ (184) |
Acquisitions (Detail)
Acquisitions (Detail) - Mobileye N.V. [Member] - Subject To Regulatory Approvals And Other Closing Conditions [Member] $ / shares in Units, $ in Billions | 6 Months Ended |
Jul. 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 | 6 Months Ended | |||
Jul. 01, 2017 | Jul. 01, 2017 | Jul. 02, 2016 | Apr. 03, 2017 | Dec. 31, 2016 | |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |||||
Proceeds from divestitures | $ 924 | $ 0 | |||
Equity Method Investments | $ 2,266 | 2,266 | $ 1,328 | ||
Disposal Group, Including Discontinued Operation, Assets, Current | 0 | 0 | 5,210 | ||
Disposal Group, Including Discontinued Operation, Liabilities, Current | 0 | 0 | $ 1,920 | ||
Gain on disposal | 387 | $ 0 | |||
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 divestitures | 924 | ||||
Equity Method Investments | $ 1,100 | 1,100 | |||
Discontinued Operation, Equity Method Investment Retained after Disposal, Ownership Interest after Disposal | 49.00% | ||||
Gain on disposal | $ 387 | ||||
Current Income Tax Expense (Benefit) | 822 | ||||
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 | 317 | ||||
Disposal Group, Including Discontinued Operation, Goodwill, Current | 3,601 | ||||
Disposal Group, Including Discontinued Operation, Intangible Assets, Current | 965 | ||||
Disposal Group, Including Discontinued Operation, Other Assets, Current | 276 | ||||
Disposal Group, Including Discontinued Operation, Assets, Current | 5,159 | ||||
Disposal Group, Including Discontinued Operation, Deferred Revenue, Current | 1,553 | ||||
Disposal Group, Including Discontinued Operation, Other Liabilities, Current | 276 | ||||
Disposal Group, Including Discontinued Operation, Liabilities, Current | $ 1,829 | ||||
McAfee [Member] | |||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |||||
Notes Receivable, Related Parties, Noncurrent | $ 2,200 | $ 2,200 | |||
Loans Receivable, Basis Spread on Variable Rate | 7.00% | 7.00% | |||
Debt Instrument, Interest Rate, Increase (Decrease) | 0.50% | 0.50% | |||
Lender Line of Credit | $ 250 | $ 250 | |||
McAfee [Member] | Intel Security Group [Member] | |||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |||||
Notes Receivable, Related Parties, Noncurrent | 2,200 | $ 2,200 | |||
Reclassified out of Accumulated Other Comprehensive Income (Loss) [Member] | Foreign currency translation adjustment [Member] | 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 |
Identified Intangible Assets, F
Identified Intangible Assets, Finite-Lived Intangible Assets (Detail) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | |||
Jul. 01, 2017 | Jul. 02, 2016 | Jul. 01, 2017 | Jul. 02, 2016 | Dec. 31, 2016 | |
Finite Lived Intangible Assets [Line Items] | |||||
Gross Assets, Subject to Amortization | $ 11,194 | $ 11,194 | $ 12,226 | ||
Accumulated Amortization | (3,135) | (3,135) | (3,540) | ||
Amortization of intangibles | 313 | $ 395 | 634 | $ 791 | |
Net | 8,059 | 8,059 | 8,686 | ||
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract] | |||||
Future Amortization Expense, Remainder of 2017 | 600 | 600 | |||
Future Amortization Expense, 2018 | 1,150 | 1,150 | |||
Future Amortization Expense, 2019 | 1,135 | 1,135 | |||
Future Amortization Expense, 2020 | 1,076 | 1,076 | |||
Future Amortization Expense, 2021 | 1,027 | 1,027 | |||
Acquisition-related Developed Technology [Member] | |||||
Finite Lived Intangible Assets [Line Items] | |||||
Gross Assets, Subject to Amortization | 6,591 | 6,591 | 7,405 | ||
Accumulated Amortization | (1,441) | (1,441) | (1,836) | ||
Net | 5,150 | 5,150 | 5,569 | ||
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract] | |||||
Future Amortization Expense, Remainder of 2017 | 394 | 394 | |||
Future Amortization Expense, 2018 | 784 | 784 | |||
Future Amortization Expense, 2019 | 782 | 782 | |||
Future Amortization Expense, 2020 | 750 | 750 | |||
Future Amortization Expense, 2021 | 715 | 715 | |||
Acquisition-related Developed Technology [Member] | Cost of sales [Member] | |||||
Finite Lived Intangible Assets [Line Items] | |||||
Amortization of intangibles | 198 | 235 | 407 | 470 | |
Acquisition-related Customer Relationships [Member] | |||||
Finite Lived Intangible Assets [Line Items] | |||||
Gross Assets, Subject to Amortization | 1,340 | 1,340 | 1,449 | ||
Accumulated Amortization | (224) | (224) | (260) | ||
Net | 1,116 | 1,116 | 1,189 | ||
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract] | |||||
Future Amortization Expense, Remainder of 2017 | 67 | 67 | |||
Future Amortization Expense, 2018 | 122 | 122 | |||
Future Amortization Expense, 2019 | 121 | 121 | |||
Future Amortization Expense, 2020 | 119 | 119 | |||
Future Amortization Expense, 2021 | 119 | 119 | |||
Acquisition-related Customer Relationships [Member] | Amortization of acquisition-related intangibles [Member] | |||||
Finite Lived Intangible Assets [Line Items] | |||||
Amortization of intangibles | 33 | 82 | 68 | 165 | |
Acquisition-related Brands [Member] | |||||
Finite Lived Intangible Assets [Line Items] | |||||
Gross Assets, Subject to Amortization | 79 | 79 | 87 | ||
Accumulated Amortization | (19) | (19) | (21) | ||
Net | 60 | 60 | 66 | ||
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract] | |||||
Future Amortization Expense, Remainder of 2017 | 7 | 7 | |||
Future Amortization Expense, 2018 | 13 | 13 | |||
Future Amortization Expense, 2019 | 13 | 13 | |||
Future Amortization Expense, 2020 | 13 | 13 | |||
Future Amortization Expense, 2021 | 14 | 14 | |||
Acquisition-related Brands [Member] | Amortization of acquisition-related intangibles [Member] | |||||
Finite Lived Intangible Assets [Line Items] | |||||
Amortization of intangibles | 4 | 7 | 7 | 14 | |
Licensed Technology and Patents [Member] | |||||
Finite Lived Intangible Assets [Line Items] | |||||
Gross Assets, Subject to Amortization | 3,184 | 3,184 | 3,285 | ||
Accumulated Amortization | (1,451) | (1,451) | (1,423) | ||
Net | 1,733 | 1,733 | $ 1,862 | ||
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract] | |||||
Future Amortization Expense, Remainder of 2017 | 132 | 132 | |||
Future Amortization Expense, 2018 | 231 | 231 | |||
Future Amortization Expense, 2019 | 219 | 219 | |||
Future Amortization Expense, 2020 | 194 | 194 | |||
Future Amortization Expense, 2021 | 179 | 179 | |||
Licensed Technology and Patents [Member] | Cost of sales [Member] | |||||
Finite Lived Intangible Assets [Line Items] | |||||
Amortization of intangibles | $ 78 | $ 71 | $ 152 | $ 142 |
Identified Intangible Assets, I
Identified Intangible Assets, Indefinite-Lived Intangible Asset (Detail) - USD ($) $ in Millions | Jul. 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 | Jul. 01, 2017 | Dec. 31, 2016 |
Intangible Assets, Net (Excluding Goodwill) [Abstract] | ||
Identified intangible assets, gross | $ 12,002 | $ 13,034 |
Identified intangible assets, net | $ 8,867 | $ 9,494 |
Other Long-Term Assets (Detail)
Other Long-Term Assets (Detail) - USD ($) $ in Millions | Jul. 01, 2017 | Dec. 31, 2016 |
Other Assets, Noncurrent Disclosure [Abstract] | ||
Equity Method Investments | $ 2,266 | $ 1,328 |
Non-marketable cost method investments | 2,719 | 3,098 |
Non-current deferred tax assets | 753 | 907 |
Pre-payments for property, plant and equipment | 422 | 347 |
Loans receivable | 2,725 | 236 |
Reverse Repurchase Agreements | 0 | 250 |
Other | 1,121 | 993 |
Total other long-term assets | $ 10,006 | $ 7,159 |
Borrowings, Short-term Debt (De
Borrowings, Short-term Debt (Details) - USD ($) $ in Millions | 6 Months Ended | |
Jul. 01, 2017 | Dec. 31, 2016 | |
Short-term Debt [Line Items] | ||
Drafts payable | $ 13 | $ 25 |
Current portion of long-term debt | 4,125 | 4,618 |
Less: debt issuance costs associated with the current portion of long-term debt | (8) | (9) |
Total short-term debt | 4,130 | $ 4,634 |
Commercial Paper [Member] | ||
Short-term Debt [Line Items] | ||
Board of directors commercial paper authorization | 10,000 | |
Board of directors increase to commercial paper authorization | 5,000 | |
Debt Instrument Twenty Seven [Member] | ||
Short-term Debt [Line Items] | ||
Repayment of debt | $ 500 | |
Stated Interest Rate | 1.75% |
Borrowings, Long-term Debt (Det
Borrowings, Long-term Debt (Details) AUD in Millions, $ in Millions | 3 Months Ended | 6 Months Ended | |||
Sep. 30, 2017USD ($) | Jul. 01, 2017USD ($) | Jul. 01, 2017AUD | Dec. 31, 2016USD ($) | Jul. 02, 2016USD ($) | |
Debt Instrument [Line Items] | |||||
Long-term Debt | $ 32,059 | $ 25,337 | |||
Less: current portion of long-term debt | (4,125) | (4,618) | |||
Less: debt issuance costs | (79) | (70) | |||
Total long-term debt | 27,855 | 20,649 | |||
Derivative, Notional Amount | 39,038 | 33,528 | $ 30,028 | ||
$700 senior notes due May 2020 - Floating Rate [Member] | |||||
Debt Instrument [Line Items] | |||||
Long-term Debt | 700 | 0 | |||
Debt Instrument, Face Amount | $ 700 | ||||
Debt Instrument, Basis Spread on Variable Rate | 0.08% | ||||
$800 Senior notes due May 2022 - Floating Rate [Member] | |||||
Debt Instrument [Line Items] | |||||
Long-term Debt | $ 800 | 0 | |||
Debt Instrument, Face Amount | $ 800 | ||||
Debt Instrument, Basis Spread on Variable Rate | 0.35% | ||||
$500 Senior notes due May 2017 at 1.75% [Member] | |||||
Debt Instrument [Line Items] | |||||
Long-term Debt | $ 0 | 501 | |||
Debt Instrument, Face Amount | 500 | ||||
Redemption of debt | $ 500 | ||||
Stated Interest Rate | 1.75% | 1.75% | |||
$3,000 Senior notes due December 2017 at 1.35% [Member] | |||||
Debt Instrument [Line Items] | |||||
Long-term Debt | $ 3,000 | 2,999 | |||
Debt Instrument, Face Amount | $ 3,000 | ||||
Stated Interest Rate | 1.35% | 1.35% | |||
$600 Senior notes due November 2018 at 2.50% [Member] | |||||
Debt Instrument [Line Items] | |||||
Long-term Debt | $ 603 | 604 | |||
Debt Instrument, Face Amount | $ 600 | ||||
Stated Interest Rate | 2.50% | 2.50% | |||
A$250 AUD-denominated Senior notes due December 2019 at 3.25% [Member] | |||||
Debt Instrument [Line Items] | |||||
Long-term Debt | $ 191 | 180 | |||
Debt Instrument, Face Amount | AUD | AUD 250 | ||||
Stated Interest Rate | 3.25% | 3.25% | |||
$1,000 Senior notes due May 2020 at 1.85% [Member] | |||||
Debt Instrument [Line Items] | |||||
Long-term Debt | $ 1,000 | 0 | |||
Debt Instrument, Face Amount | $ 1,000 | ||||
Stated Interest Rate | 1.85% | 1.85% | |||
$1,750 Senior notes due July 2020 at 2.45% [Member] | |||||
Debt Instrument [Line Items] | |||||
Long-term Debt | $ 1,749 | 1,749 | |||
Debt Instrument, Face Amount | $ 1,750 | ||||
Stated Interest Rate | 2.45% | 2.45% | |||
$500 Senior notes due May 2021 at 1.70% [Member] | |||||
Debt Instrument [Line Items] | |||||
Long-term Debt | $ 499 | 499 | |||
Debt Instrument, Face Amount | $ 500 | ||||
Stated Interest Rate | 1.70% | 1.70% | |||
$2,000 Senior notes due October 2021 at 3.30% [Member] | |||||
Debt Instrument [Line Items] | |||||
Long-term Debt | $ 1,999 | 1,988 | |||
Debt Instrument, Face Amount | $ 2,000 | ||||
Stated Interest Rate | 3.30% | 3.30% | |||
$750 Senior notes due May 2022 at 2.35% [Member] | |||||
Debt Instrument [Line Items] | |||||
Long-term Debt | $ 748 | 0 | |||
Debt Instrument, Face Amount | $ 750 | ||||
Stated Interest Rate | 2.35% | 2.35% | |||
$1,000 Senior notes due July 2022 at 3.10% [Member] | |||||
Debt Instrument [Line Items] | |||||
Long-term Debt | $ 995 | 987 | |||
Debt Instrument, Face Amount | $ 1,000 | ||||
Stated Interest Rate | 3.10% | 3.10% | |||
A$500 AUD-denominated Senior notes due December 2022 at 4.00% [Member] | |||||
Debt Instrument [Line Items] | |||||
Long-term Debt | $ 419 | 394 | |||
Debt Instrument, Face Amount | AUD | AUD 550 | ||||
Stated Interest Rate | 4.00% | 4.00% | |||
$1,500 Senior notes due December 2022 at 2.70% [Member] | |||||
Debt Instrument [Line Items] | |||||
Long-term Debt | $ 1,493 | 1,480 | |||
Debt Instrument, Face Amount | $ 1,500 | ||||
Stated Interest Rate | 2.70% | 2.70% | |||
$400 Senior notes due November 2023 at 4.10% [Member] | |||||
Debt Instrument [Line Items] | |||||
Long-term Debt | $ 422 | 424 | |||
Debt Instrument, Face Amount | $ 400 | ||||
Stated Interest Rate | 4.10% | 4.10% | |||
$1,250 Senior notes due May 2024 at 2.875% [Member] | |||||
Debt Instrument [Line Items] | |||||
Long-term Debt | $ 1,241 | 0 | |||
Debt Instrument, Face Amount | $ 1,250 | ||||
Stated Interest Rate | 2.88% | 2.88% | |||
$600 Senior notes due June 2024 at 2.70% [Member] | |||||
Debt Instrument [Line Items] | |||||
Long-term Debt | $ 600 | 0 | |||
Debt Instrument, Face Amount | $ 600 | ||||
Stated Interest Rate | 2.70% | 2.70% | |||
$2,250 Senior notes due July 2025 at 3.70% [Member] | |||||
Debt Instrument [Line Items] | |||||
Long-term Debt | $ 2,176 | 2,148 | |||
Debt Instrument, Face Amount | $ 2,250 | ||||
Stated Interest Rate | 3.70% | 3.70% | |||
$1,000 Senior notes due May 2026 at 2.60% [Member] | |||||
Debt Instrument [Line Items] | |||||
Long-term Debt | $ 995 | 983 | |||
Debt Instrument, Face Amount | $ 1,000 | ||||
Stated Interest Rate | 2.60% | 2.60% | |||
$1,000 Senior notes due May 2027 at 3.15%[Member] | |||||
Debt Instrument [Line Items] | |||||
Long-term Debt | $ 997 | 0 | |||
Debt Instrument, Face Amount | $ 1,000 | ||||
Stated Interest Rate | 3.15% | 3.15% | |||
$750 Senior notes due December 2032 at 4.00% [Member] | |||||
Debt Instrument [Line Items] | |||||
Long-term Debt | $ 745 | 745 | |||
Debt Instrument, Face Amount | $ 750 | ||||
Stated Interest Rate | 4.00% | 4.00% | |||
$1,500 Senior notes due October 2041 at 4.80% [Member] | |||||
Debt Instrument [Line Items] | |||||
Long-term Debt | $ 1,491 | 1,491 | |||
Debt Instrument, Face Amount | $ 1,500 | ||||
Stated Interest Rate | 4.80% | 4.80% | |||
$925 Senior notes due December 2042 at 4.25% [Member] | |||||
Debt Instrument [Line Items] | |||||
Long-term Debt | $ 924 | 924 | |||
Debt Instrument, Face Amount | $ 925 | ||||
Stated Interest Rate | 4.25% | 4.25% | |||
$2,000 Senior notes due July 2045 at 4.90% [Member] | |||||
Debt Instrument [Line Items] | |||||
Long-term Debt | $ 1,999 | 1,999 | |||
Debt Instrument, Face Amount | $ 2,000 | ||||
Stated Interest Rate | 4.90% | 4.90% | |||
$1,007 Senior notes due August 2045 at 4.90% [Member] | |||||
Debt Instrument [Line Items] | |||||
Long-term Debt | $ 1,005 | 995 | |||
Debt Instrument, Face Amount | $ 1,007 | ||||
Stated Interest Rate | 4.90% | 4.90% | |||
$915 Senior notes due December 2045 at 4.70% [Member] | |||||
Debt Instrument [Line Items] | |||||
Long-term Debt | $ 905 | 894 | |||
Debt Instrument, Face Amount | $ 915 | ||||
Stated Interest Rate | 4.70% | 4.70% | |||
$1,250 Senior notes due May 2046 at 4.10% [Member] | |||||
Debt Instrument [Line Items] | |||||
Long-term Debt | $ 1,243 | 1,243 | |||
Debt Instrument, Face Amount | $ 1,250 | ||||
Stated Interest Rate | 4.10% | 4.10% | |||
$1,000 Senior notes due May 2047 at 4.10% [Member] | |||||
Debt Instrument [Line Items] | |||||
Long-term Debt | $ 994 | 0 | |||
Debt Instrument, Face Amount | $ 1,000 | ||||
Stated Interest Rate | 4.10% | 4.10% | |||
$1,600 Junior subordinated convertible debentures due December 2035 at 2.95% [Member] | |||||
Debt Instrument [Line Items] | |||||
Long-term Debt | $ 1,000 | 992 | |||
Debt Instrument, Face Amount | $ 1,600 | ||||
Stated Interest Rate | 2.95% | 2.95% | |||
$2,000 Junior subordinated convertible debentures due August 2039 At 3.25% [Member] | |||||
Debt Instrument [Line Items] | |||||
Long-term Debt | $ 1,126 | $ 1,118 | |||
Debt Instrument, Face Amount | $ 2,000 | ||||
Stated Interest Rate | 3.25% | 3.25% | |||
2017 Senior notes [Member] | |||||
Debt Instrument [Line Items] | |||||
Debt Instrument, Face Amount | $ 7,100 | ||||
Cross Currency Interest Rate Contract [Member] | Debt Instrument Twenty Five [Member] | |||||
Debt Instrument [Line Items] | |||||
Derivative, Notional Amount | $ 577 | ||||
Scenario, Forecast [Member] | $1,007 Senior notes due August 2045 at 4.90% [Member] | |||||
Debt Instrument [Line Items] | |||||
Redemption of debt | $ 1,000 |
Fair Value (Detail)
Fair Value (Detail) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | |||
Jul. 01, 2017 | Jul. 02, 2016 | Jul. 01, 2017 | Jul. 02, 2016 | Dec. 31, 2016 | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Trading assets, Fair Value Disclosure | $ 11,084 | $ 11,084 | $ 8,314 | ||
Other than Temporary Impairment Losses, Investments | 555 | $ 60 | 603 | $ 89 | |
Non-marketable cost method investments | 2,719 | 2,719 | 3,098 | ||
Short-term debt | 4,130 | 4,130 | 4,634 | ||
Long-term debt | 27,855 | 27,855 | 20,649 | ||
Fair Value, Measurements, Recurring [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Assets, Fair Value Disclosure | 36,242 | 36,242 | 27,748 | ||
Liabilities, Fair Value Disclosure | 581 | 581 | 583 | ||
Fair Value, Measurements, Nonrecurring [Member] | Carrying Amount [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Grants Receivable | 440 | 440 | 361 | ||
Loans receivable | 2,465 | 2,465 | 265 | ||
Non-marketable cost method investments | 2,719 | 2,719 | 3,098 | ||
Reverse repurchase agreements | 250 | 250 | 250 | ||
Short-term debt | 4,117 | 4,117 | 4,609 | ||
Long-term debt | 27,855 | 27,855 | 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 | 440 | 440 | 362 | ||
Loans receivable | 2,465 | 2,465 | 265 | ||
Non-marketable cost method investments, Fair Value Disclosure | 3,457 | 3,457 | 3,890 | ||
Reverse repurchase agreements | 250 | 250 | 250 | ||
Short-term debt, Fair Value Disclosure | 4,697 | 4,697 | 5,120 | ||
Long-term debt | 29,610 | 29,610 | 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 | 2,461 | 2,461 | 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 | 1,636 | 1,636 | 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 | 6,965 | 6,965 | 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 | 22 | 22 | 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 | 5,904 | 5,904 | 6,180 | ||
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 | 277 | $ 57 | 325 | $ 84 | |
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 | 2,645 | 2,645 | 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 | 5,159 | 5,159 | 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 | 466 | 466 | 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 | 2,335 | 2,335 | 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 | 1,660 | 1,660 | 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 | 1,221 | 1,221 | 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 | 277 | 277 | 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 | 326 | 326 | 382 | ||
Loans receivable, Fair Value Disclosure | 86 | 86 | 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 | 1,816 | 1,816 | 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 | 1,632 | 1,632 | 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 | 1,033 | 1,033 | 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 | 73 | 73 | 40 | ||
Loans receivable, Fair Value Disclosure | 525 | 525 | 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 | 444 | 444 | 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 | 137 | 137 | 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 | 8,615 | 8,615 | 8,168 | ||
Liabilities, Fair Value Disclosure | 0 | 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 | 0 | ||
Loans receivable | 0 | 0 | 0 | ||
Non-marketable cost method investments, Fair Value Disclosure | 0 | 0 | 0 | ||
Reverse repurchase agreements | 0 | 0 | 0 | ||
Short-term debt, Fair Value Disclosure | 0 | 0 | 3,006 | ||
Long-term debt | 17,980 | 17,980 | 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 | 0 | 0 | 0 | ||
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 | 92 | 92 | 36 | ||
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 | 31 | 31 | 32 | ||
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 | 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 | 5,472 | 5,472 | 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 | 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 | 3,020 | 3,020 | 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 | 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 | 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 | 0 | 0 | 0 | ||
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 | 0 | 0 | 0 | ||
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 | 0 | 0 | 0 | ||
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 | 0 | ||
Loans receivable, Fair Value Disclosure | 0 | 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 | 0 | 0 | 0 | ||
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 | 0 | 0 | 0 | ||
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 | 0 | 0 | 0 | ||
Level 1 [Member] | Other Long-Term Assets [Member] | Fair Value, Measurements, Recurring [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Derivative assets, Fair Value Disclosure | 0 | 0 | 0 | ||
Loans receivable, Fair Value Disclosure | 0 | 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 | 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 | 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 | 27,607 | 27,607 | 19,559 | ||
Liabilities, Fair Value Disclosure | 569 | 569 | 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 | 440 | 440 | 362 | ||
Loans receivable | 2,465 | 2,465 | 265 | ||
Non-marketable cost method investments, Fair Value Disclosure | 0 | 0 | 0 | ||
Reverse repurchase agreements | 250 | 250 | 250 | ||
Short-term debt, Fair Value Disclosure | 4,697 | 4,697 | 2,114 | ||
Long-term debt | 11,630 | 11,630 | 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 | 2,461 | 2,461 | 2,847 | ||
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 | 1,544 | 1,544 | 1,608 | ||
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 | 6,934 | 6,934 | 3,704 | ||
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 | 22 | 22 | 87 | ||
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 | 432 | 432 | 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 | 2,645 | 2,645 | 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 | 2,139 | 2,139 | 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 | 466 | 466 | 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 | 2,335 | 2,335 | 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 | 1,654 | 1,654 | 1,332 | ||
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 | 1,221 | 1,221 | 1,603 | ||
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 | 277 | 277 | 284 | ||
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 | 326 | 326 | 382 | ||
Loans receivable, Fair Value Disclosure | 86 | 86 | 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 | 1,811 | 1,811 | 1,995 | ||
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 | 1,632 | 1,632 | 1,758 | ||
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 | 1,033 | 1,033 | 957 | ||
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 | 64 | 64 | 31 | ||
Loans receivable, Fair Value Disclosure | 525 | 525 | 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 | 444 | 444 | 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 | 125 | 125 | 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 | 20 | 20 | 21 | ||
Liabilities, Fair Value Disclosure | 12 | 12 | 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 | 0 | ||
Loans receivable | 0 | 0 | 0 | ||
Non-marketable cost method investments, Fair Value Disclosure | 3,457 | 3,457 | 3,890 | ||
Reverse repurchase agreements | 0 | 0 | 0 | ||
Short-term debt, Fair Value Disclosure | 0 | 0 | 0 | ||
Long-term debt | 0 | 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 | 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 | 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 | 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 | 0 | 0 | 0 | ||
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 | 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 | 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 | 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 | 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 | 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 | 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 | 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 | 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 | 0 | ||
Loans receivable, Fair Value Disclosure | 0 | 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 | 5 | 5 | 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 | 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 | 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 | 9 | ||
Loans receivable, Fair Value Disclosure | 0 | 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 | 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 | 12 | 12 | $ 33 | ||
McAfee [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Notes Receivable, Related Parties, Noncurrent | $ 2,200 | $ 2,200 |
Other Comprehensive Income (L59
Other Comprehensive Income (Loss), Accumulated Other Comprehensive Income (Loss) (Detail) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | |||
Jul. 01, 2017 | Jul. 02, 2016 | Jul. 01, 2017 | Jul. 02, 2016 | Dec. 31, 2016 | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||
Other comprehensive income (loss) before reclassifications1 | $ 1,722 | ||||
Amounts reclassified out of accumulated other comprehensive income | $ (255) | $ (374) | (495) | $ (423) | |
Tax effects | (159) | ||||
Other comprehensive income (loss) | 311 | (640) | 1,068 | (140) | |
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 | 2,173 | 2,173 | $ 2,164 | ||
Other comprehensive income (loss) before reclassifications1 | 1,059 | ||||
Amounts reclassified out of accumulated other comprehensive income | (1,046) | ||||
Tax effects | (4) | ||||
Other comprehensive income (loss) | 9 | ||||
Unrealized holding gains (losses) on derivatives [Member] | |||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | 72 | 72 | (259) | ||
Other comprehensive income (loss) before reclassifications1 | 445 | ||||
Amounts reclassified out of accumulated other comprehensive income | 16 | ||||
Tax effects | (130) | ||||
Other comprehensive income (loss) | 331 | ||||
Prior service credits (costs) [Member] | |||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | (50) | (50) | (40) | ||
Other comprehensive income (loss) before reclassifications1 | 0 | ||||
Amounts reclassified out of accumulated other comprehensive income | (14) | 2 | (12) | 4 | |
Tax effects | 2 | ||||
Other comprehensive income (loss) | (10) | ||||
Actuarial gains (losses) [Member] | |||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | (1,010) | (1,010) | (1,240) | ||
Other comprehensive income (loss) before reclassifications1 | 217 | ||||
Amounts reclassified out of accumulated other comprehensive income | 18 | $ 14 | 40 | $ 26 | |
Tax effects | (27) | ||||
Other comprehensive income (loss) | 230 | ||||
Foreign currency translation adjustment [Member] | |||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | (11) | (11) | (519) | ||
Other comprehensive income (loss) before reclassifications1 | 1 | ||||
Amounts reclassified out of accumulated other comprehensive income | 507 | ||||
Tax effects | 0 | ||||
Other comprehensive income (loss) | 508 | ||||
AOCI Including Portion Attributable to Noncontrolling Interest [Member] | |||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | $ 1,174 | $ 1,174 | $ 106 |
Other Comprehensive Income (L60
Other Comprehensive Income (Loss), Reclassification out of Accumulated Other Comprehensive Income (Detail) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jul. 01, 2017 | Jul. 02, 2016 | Jul. 01, 2017 | Jul. 02, 2016 | |
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||||
Gains (losses) on equity investments, net | $ 342 | $ 478 | $ 594 | $ 500 |
Interest and other, net | 403 | (126) | 367 | (208) |
Income before taxes | 4,572 | 1,670 | 8,387 | 4,178 |
Cost of sales | (5,665) | (5,560) | (11,314) | (11,132) |
Research and development | (3,275) | (3,145) | (6,601) | (6,391) |
Marketing, general and administrative | (1,854) | (2,007) | (3,958) | (4,233) |
Amounts reclassified out of accumulated other comprehensive income (loss) | 255 | 374 | 495 | 423 |
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months | 76 | |||
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) | 1,046 | |||
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 | 783 | 403 | 1,046 | 488 |
Income before taxes | 783 | 403 | 1,046 | 488 |
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) | (16) | |||
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 | (17) | (13) | (16) | (35) |
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 | 12 | 11 | 16 | 11 |
Interest and other, net | (3) | (17) | 35 | 17 |
Cost of sales | (27) | (17) | (47) | (59) |
Research and development | 2 | 7 | (14) | (3) |
Marketing, general and administrative | (1) | 3 | (6) | (1) |
Prior service credits (costs) [Member] | ||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||||
Amounts reclassified out of accumulated other comprehensive income (loss) | 14 | (2) | 12 | (4) |
Actuarial gains (losses) [Member] | ||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||||
Amounts reclassified out of accumulated other comprehensive income (loss) | (18) | (14) | (40) | (26) |
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) | (4) | (16) | (28) | (30) |
Foreign currency translation adjustment [Member] | Reclassified out of Accumulated Other Comprehensive Income (Loss) [Member] | ||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||||
Interest and other, net | (507) | $ 0 | $ (507) | $ 0 |
Foreign currency translation adjustment [Member] | Reclassified out of Accumulated Other Comprehensive Income (Loss) [Member] | Intel Security Group [Member] | ||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||||
Disposal Group, Including Discontinued Operation, Foreign Currency Translation Gains (Losses) | $ (507) |
Derivative Financial Instrume61
Derivative Financial Instruments (Detail) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | |||
Jul. 01, 2017 | Jul. 02, 2016 | Jul. 01, 2017 | Jul. 02, 2016 | Dec. 31, 2016 | |
Notional Disclosures [Abstract] | |||||
Derivative, Notional Amount | $ 39,038 | $ 30,028 | $ 39,038 | $ 30,028 | $ 33,528 |
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract] | |||||
Fair value of derivative assets | 386 | 386 | 433 | ||
Fair value of derivative liabilities | 563 | 563 | 588 | ||
Offsetting Derivative Assets [Abstract] | |||||
Derivative Assets Subject To Master Netting Arrangements, Gross Amounts Offset In The Balance Sheet | 0 | 0 | 0 | ||
Derivative Assets Subject To Master Netting Arrangements, Net Amounts Presented In The Balance Sheet | 386 | 386 | 433 | ||
Derivative Assets Subject To Master Netting Arrangements, Gross Amounts Not Offset In The Balance Sheet - Financial Instruments | (232) | (232) | (368) | ||
Derivative Assets Subject To Master Netting Arrangements, Gross Amounts Not Offset In The Balance Sheet - Cash And Non-Cash Collateral Received Or Pledged | (135) | (135) | (42) | ||
Derivative Assets Subject To Master Netting Arrangements, Net Amount | 19 | 19 | 23 | ||
Reverse Repurchase Agreements, Gross Amounts Recognized | 2,585 | 2,585 | 1,018 | ||
Reverse Repurchase Agreements, Gross Amounts Offset In The Balance Sheet | 0 | 0 | 0 | ||
Reverse Repurchase Agreements, Net Amounts Presented In The Balance Sheet | 2,585 | 2,585 | 1,018 | ||
Reverse Repurchase Agreements, Gross Amounts Not Offset In The Balance Sheet - Financial Instruments | 0 | 0 | 0 | ||
Reverse Repurchase Agreements, Gross Amounts Not Offset In The Balance Sheet - Cash And Non-Cash Collateral Received Or Pledged | (2,585) | (2,585) | (1,018) | ||
Reverse Repurchase Agreements, Net Amount | 0 | 0 | 0 | ||
Total Assets, Gross Amounts Recognized | 2,971 | 2,971 | 1,451 | ||
Total Assets, Gross Amounts Offset In The Balance Sheet | 0 | 0 | 0 | ||
Total Assets, Net Amounts Presented In The Balance Sheet | 2,971 | 2,971 | 1,451 | ||
Total Assets, Gross Amounts Not Offset In The Balance Sheet - Financial Instruments | (232) | (232) | (368) | ||
Total Assets, Gross Amounts Not Offset In The Balance Sheet - Cash and Non-Cash Collateral Received Or Pledged | (2,720) | (2,720) | (1,060) | ||
Total Assets, Net Amount | 19 | 19 | 23 | ||
Offsetting Derivative Liabilities [Abstract] | |||||
Derivative Liabilities Subject To Master Netting Arrangements, Gross Amounts Offset In The Balance Sheet | 0 | 0 | 0 | ||
Derivative Liabilities Subject To Master Netting Arrangements, Net Amounts Presented In The Balance Sheet | 563 | 563 | 588 | ||
Derivative Liabilities Subject To Master Netting Arrangements, Gross Amounts Offset In The Balance Sheet - Financial Instruments | (232) | (232) | (368) | ||
Derivative Liabilities Subject To Master Netting Arrangements, Gross Amounts Offset In The Balance Sheet - Cash And Non-Cash Collateral Received Or Pledged | (303) | (303) | (201) | ||
Derivative Liabilities Subject To Master Netting Arrangements, Net Amount | 28 | 28 | 19 | ||
Total Liabilities, Gross Amounts Recognized | 563 | 563 | 588 | ||
Total Liabilities, Gross Amounts Offset In The Balance Sheet | 0 | 0 | 0 | ||
Total Liabilities, Net Amounts Presented In The Balance Sheet | 563 | 563 | 588 | ||
Total Liabilities, Gross Amounts Not Offset In The Balance Sheet - Financial Instruments | (232) | (232) | (368) | ||
Total Liabilities, Gross Amounts Not Offset In The Balance Sheet - Cash and Non-Cash Collateral Received Or Pledged | (303) | (303) | (201) | ||
Total Liabilities, Net Amount | 28 | 28 | 19 | ||
Effect of Fair Value Hedges on Results of Operations [Abstract] | |||||
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge | (96) | (60) | (82) | (222) | |
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 | 0 | 0 | |
Not Designated as Hedging Instrument [Member] | |||||
Derivative Instruments Not Designated as Hedging Instruments [Abstract] | |||||
Gains (Losses) Recognized in Income On Derivatives | (232) | 62 | (336) | (171) | |
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 | 399 | 399 | 422 | ||
Assets | Designated as Hedging Instrument [Member] | |||||
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract] | |||||
Fair value of derivative assets | 295 | 295 | 24 | ||
Assets | Not Designated as Hedging Instrument [Member] | |||||
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract] | |||||
Fair value of derivative assets | 104 | 104 | 398 | ||
Liabilities | |||||
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract] | |||||
Fair value of derivative liabilities | 581 | 581 | 583 | ||
Liabilities | Designated as Hedging Instrument [Member] | |||||
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract] | |||||
Fair value of derivative liabilities | 137 | 137 | 439 | ||
Liabilities | Not Designated as Hedging Instrument [Member] | |||||
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract] | |||||
Fair value of derivative liabilities | 444 | 444 | 144 | ||
Foreign currency contracts | |||||
Notional Disclosures [Abstract] | |||||
Derivative, Notional Amount | 20,861 | 18,682 | 20,861 | 18,682 | 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) | 180 | 39 | 445 | 282 | |
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 | (271) | 64 | (430) | (174) | |
Foreign currency contracts | Assets | Designated as Hedging Instrument [Member] | |||||
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract] | |||||
Fair value of derivative assets | 283 | 283 | 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 | 83 | 83 | 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 | 23 | 23 | 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 | 421 | 421 | 114 | ||
Interest rate contracts | |||||
Notional Disclosures [Abstract] | |||||
Derivative, Notional Amount | 16,781 | 10,039 | 16,781 | 10,039 | 14,228 |
Effect of Fair Value Hedges on Results of Operations [Abstract] | |||||
Change in Unrealized Gain (Loss) on Fair Value Hedging Instruments | 96 | 60 | 82 | 222 | |
Interest rate 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 | 1 | (8) | (1) | (15) | |
Interest rate contracts | Assets | Designated as Hedging Instrument [Member] | |||||
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract] | |||||
Fair value of derivative assets | 12 | 12 | 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 | 12 | 12 | 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 | 114 | 114 | 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 | 23 | 23 | 30 | ||
Other | |||||
Notional Disclosures [Abstract] | |||||
Derivative, Notional Amount | 1,396 | 1,307 | 1,396 | 1,307 | 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 | 38 | $ 6 | 95 | $ 18 | |
Other | Assets | Not Designated as Hedging Instrument [Member] | |||||
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract] | |||||
Fair value of derivative assets | 9 | 9 | 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 | $ 0 |
Employee Equity Incentive Pla62
Employee Equity Incentive Plans (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions | 3 Months Ended | 6 Months Ended | |||
Jul. 01, 2017 | Jul. 02, 2016 | Jul. 01, 2017 | Jul. 02, 2016 | Dec. 31, 2016 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Additional Shares Authorized | 33 | ||||
Share-based Compensation | $ 328 | $ 364 | $ 725 | $ 812 | |
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 | 1,400 | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value, Vested | $ 994 | ||||
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 | 39.8 | ||||
Number of RSUs vested | (36.6) | ||||
Number of RSUs forfeited | (9.3) | ||||
Number of RSUs outstanding, ending balance | 100.7 | 100.7 | |||
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) | $ 31.76 | $ 31.76 | $ 28.99 | ||
Weighted-average grant date fair value of granted RSUs (in dollars per share) | 34.51 | ||||
Weighted-average grant date fair value of vested RSUs (in dollars per share) | 27.15 | ||||
Weighted-average grant date fair value of forfeited RSUs (in dollars per share) | $ 29.82 | ||||
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 | 217 | 217 | |||
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 | 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 | 6 Months Ended | |||
Jun. 30, 2012$ / shares | May 31, 2009USD ($) | May 31, 2009EUR (€) | Jul. 01, 2017USD ($)Patent | Aug. 19, 2010$ / shares | |
Future Link Systems LLC [Member] | Pending Litigation [Member] | |||||
Loss Contingencies [Line Items] | |||||
Loss Contingency, Patents Allegedly Infringed, Number | 14 | ||||
Loss Contingency, Damages Sought, Value | $ | $ 9.9 | ||||
Future Link Systems LLC [Member] | Pending Litigation [Member] | Maximum [Member] | |||||
Loss Contingencies [Line Items] | |||||
Loss Contingency, Patents Allegedly Infringed, Number | 15 | ||||
Future Link Systems LLC [Member] | Pending Litigation [Member] | Minimum [Member] | |||||
Loss Contingencies [Line Items] | |||||
Loss Contingency, Patents Allegedly Infringed, Number | 9 | ||||
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 | $ / shares | $ 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 | $ / shares | $ 62.08 | ||||
EC Fine [Member] | |||||
Loss Contingencies [Line Items] | |||||
Loss Contingency, Damages Paid Value | $ 1.4 | € 1.1 |