Document and Entity Information
Document and Entity Information Document shares in Millions | 9 Months Ended |
Sep. 29, 2018shares | |
Document and Entity Information [Abstract] | |
Entity Registrant Name | Intel Corp |
Entity Central Index Key | 50,863 |
Current Fiscal Year End Date | --12-29 |
Entity Filer Category | Large Accelerated Filer |
Document Type | 10-Q |
Document Period End Date | Sep. 29, 2018 |
Document Fiscal Year Focus | 2,018 |
Document Fiscal Period Focus | Q3 |
Amendment Flag | false |
Entity Emerging Growth Company | false |
Entity Small Business | false |
Entity Common Stock, Shares Outstanding | 4,564 |
Entity Current Reporting Status | Yes |
Consolidated Condensed Statemen
Consolidated Condensed Statements of Income - USD ($) shares in Millions, $ in Millions | 3 Months Ended | 9 Months Ended | ||
Sep. 29, 2018 | Sep. 30, 2017 | Sep. 29, 2018 | Sep. 30, 2017 | |
Income Statement [Abstract] | ||||
Net revenue | $ 19,163 | $ 16,149 | $ 52,191 | $ 45,708 |
Cost of sales | 6,803 | 6,085 | 19,681 | 17,388 |
Gross margin | 12,360 | 10,064 | 32,510 | 28,320 |
Research and development | 3,428 | 3,209 | 10,110 | 9,782 |
Marketing, general and administrative | 1,605 | 1,661 | 5,230 | 5,610 |
Restructuring and other charges | (72) | 4 | (72) | 189 |
Amortization of acquisition-related intangibles | 50 | 49 | 150 | 124 |
Operating expenses | 5,011 | 4,923 | 15,418 | 15,705 |
Operating income | 7,349 | 5,141 | 17,092 | 12,615 |
Gains (losses) on equity investments, net | (75) | 846 | 365 | 1,440 |
Interest and other, net | (132) | (57) | 225 | 262 |
Income before taxes | 7,142 | 5,930 | 17,682 | 14,317 |
Provision for taxes | 744 | 1,414 | 1,824 | 4,029 |
Net income | $ 6,398 | $ 4,516 | $ 15,858 | $ 10,288 |
Earnings per share - Basic (in dollars per share) | $ 1.40 | $ 0.96 | $ 3.42 | $ 2.19 |
Earnings per share - Diluted (in dollars per share) | 1.38 | 0.94 | 3.35 | 2.12 |
Cash dividends declared per share of common stock (in dollars per share) | $ 0.6000 | $ 0.5450 | $ 1.2000 | $ 1.0775 |
Weighted average shares of common stock outstanding: | ||||
Basic (shares) | 4,574 | 4,688 | 4,632 | 4,707 |
Diluted (shares) | 4,648 | 4,821 | 4,728 | 4,849 |
Consolidated Condensed Statem_2
Consolidated Condensed Statements of Comprehensive Income - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended | ||
Sep. 29, 2018 | Sep. 30, 2017 | Sep. 29, 2018 | Sep. 30, 2017 | |
Statement of Comprehensive Income [Abstract] | ||||
Net income | $ (6,398) | $ (4,516) | $ (15,858) | $ (10,288) |
Changes in other comprehensive income, net of tax: | ||||
Net unrealized holding gains (losses) on available-for-sale investments | 0 | 399 | 0 | 408 |
Net unrealized holding gains (losses) on derivatives | (25) | 19 | (199) | 350 |
Actuarial valuation and other pension benefits (expenses), net | 13 | 13 | 39 | 233 |
Translation adjustments and other | (2) | 5 | (15) | 513 |
Other comprehensive income (loss) | (14) | 436 | (175) | 1,504 |
Total comprehensive income | $ 6,384 | $ 4,952 | $ 15,683 | $ 11,792 |
Consolidated Condensed Balance
Consolidated Condensed Balance Sheets - USD ($) $ in Millions | Sep. 29, 2018 | Dec. 30, 2017 |
Current assets: | ||
Cash and cash equivalents | $ 3,407 | $ 3,433 |
Short-term investments | 2,641 | 1,814 |
Trading assets | 7,138 | 8,755 |
Accounts receivable | 5,457 | 5,607 |
Inventories | 7,401 | 6,983 |
Other current assets | 3,546 | 2,908 |
Total current assets | 29,590 | 29,500 |
Property, plant and equipment, net of accumulated depreciation of $60,665 ($59,286 as of December 31, 2016) | 47,071 | 41,109 |
Equity Investments | 7,551 | 8,579 |
Other long-term investments | 3,562 | 3,712 |
Goodwill | 24,506 | 24,389 |
Identified intangible assets, net | 12,007 | 12,745 |
Other long-term assets | 3,955 | 3,215 |
Total assets | 128,242 | 123,249 |
Current liabilities: | ||
Short-term debt | 3,051 | 1,776 |
Accounts payable | 3,593 | 2,928 |
Accrued compensation and benefits | 3,095 | 3,526 |
Deferred income | 0 | 1,656 |
Other accrued liabilities | 9,835 | 7,535 |
Total current liabilities | 19,574 | 17,421 |
Debt | 24,823 | 25,037 |
Contract Liabilities | 2,220 | 0 |
Income taxes payable, non-current | 4,879 | 4,069 |
Deferred income taxes | 1,485 | 3,046 |
Other long-term liabilities | 3,263 | 3,791 |
Contingencies (Note 16) | ||
Temporary equity | 515 | 866 |
Stockholders’ equity: | ||
Preferred stock | 0 | 0 |
Common stock and capital in excess of par value, 4,660 issued and outstanding (4,687 issued and outstanding as of December 31, 2016) | 25,492 | 26,074 |
Accumulated other comprehensive income (loss) | (1,103) | 862 |
Retained earnings | 47,094 | 42,083 |
Total stockholders’ equity | 71,483 | 69,019 |
Total liabilities, temporary equity, and stockholders’ equity | $ 128,242 | $ 123,249 |
Consolidated Condensed Balanc_2
Consolidated Condensed Balance Sheets (Parenthetical) - USD ($) shares in Millions, $ in Millions | Sep. 29, 2018 | Dec. 30, 2017 |
Assets | ||
Accumulated depreciation | $ 63,684 | $ 59,286 |
Stockholders’ equity: | ||
Common stock, shares issued | 4,564 | 4,687 |
Common stock, shares outstanding | 4,564 | 4,687 |
Consolidated Condensed Statem_3
Consolidated Condensed Statements of Cash Flows - USD ($) $ in Millions | 9 Months Ended | |
Sep. 29, 2018 | Sep. 30, 2017 | |
Statement of Cash Flows [Abstract] | ||
Cash and cash equivalents, beginning of period | $ 3,433 | $ 5,560 |
Cash flows provided by (used for) operating activities: | ||
Net income | 15,858 | 10,288 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||
Depreciation | 5,420 | 4,990 |
Share-based compensation | 1,203 | 1,051 |
Amortization of intangibles | 1,172 | 999 |
(Gains) losses on equity investments, net | (329) | (1,372) |
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal | 497 | 387 |
Loss on debt conversion and extinguishment | 211 | 0 |
Deferred taxes | 18 | 570 |
Changes in assets and liabilities: | ||
Accounts receivable | (449) | (1,128) |
Inventories | (362) | (1,245) |
Accounts payable | 430 | 171 |
Accrued compensation and benefits | (801) | (362) |
Increase (Decrease) in Customer Advances | 1,472 | 0 |
Income taxes payable and receivable | (1,075) | 979 |
Other assets and liabilities | 261 | 315 |
Total adjustments | 6,674 | 4,581 |
Net cash provided by operating activities | 22,532 | 14,869 |
Cash flows provided by (used for) investing activities: | ||
Additions to property, plant and equipment | (11,291) | (7,709) |
Acquisitions, net of cash acquired | (183) | (14,499) |
Payments to Acquire Debt Securities, Available-for-sale | 3,090 | 1,959 |
Sales of available-for-sale debt investments | 135 | 1,511 |
Proceeds from Sale and Maturity of Debt Securities, Available-for-sale | 2,232 | 3,488 |
Payments to Acquire Trading Securities Held-for-investment | 8,316 | 9,792 |
Proceeds from Sale and Maturity of Debt and Equity Securities, FV-NI, Held-for-investment | 9,705 | 11,806 |
Payments to Acquire Other Investments | 667 | 744 |
Proceeds from Sale and Maturity of Other Investments | 1,646 | 3,173 |
Proceeds from Divestiture of Businesses | 548 | 3,124 |
Other investing | (138) | 1,069 |
Net cash used for investing activities | (9,419) | (10,532) |
Cash flows provided by (used for) financing activities: | ||
Proceeds from (Repayments of) Short-term Debt | 1,707 | (5) |
Proceeds from Issuance of Long-term Debt | 423 | 7,716 |
Repayments of Long-term Debt | 1,928 | 1,502 |
Proceeds from Stock Plans | 545 | 637 |
Repurchase of common stock | (8,464) | (3,611) |
Payments Related to Tax Withholding for Share-based Compensation | 492 | 424 |
Payment of dividends to stockholders | (4,173) | (3,794) |
Other financing | (757) | 161 |
Net cash provided by (used for) financing activities | (13,139) | (822) |
Net increase (decrease) in cash and cash equivalents | (26) | 3,515 |
Cash and cash equivalents, end of period | 3,407 | 9,075 |
Supplemental disclosures of noncash investing activities and cash flow information: | ||
Acquisition of property, plant, and equipment included in accounts payable and accrued liabilities | 1,988 | 1,736 |
Non-marketable equity investment in McAfee from divestiture | 0 | 1,078 |
Interest, net of capitalized interest | 316 | 386 |
Income taxes, net of refunds | $ 2,854 | $ 2,328 |
Basis of Presentation
Basis of Presentation | 9 Months Ended |
Sep. 29, 2018 | |
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 30, 2017 ( 2017 Form 10-K), except for changes associated with recent accounting standards for retirement benefits, revenue recognition, and financial instruments as detailed in " Note 2: Recent Accounting Standards and Accounting Policies ." We have reclassified certain prior period amounts to conform to current period presentation. 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 2017 Form 10-K. |
Recent Accounting Standards and
Recent Accounting Standards and Accounting Policies | 9 Months Ended |
Sep. 29, 2018 | |
Accounting Changes and Error Corrections [Abstract] | |
Accounting Changes [Text Block] | NOTE 2: RECENT ACCOUNTING STANDARDS AND ACCOUNTING POLICIES We assess the adoption impacts of recently issued accounting standards by the Financial Accounting Standards Board on our financial statements. The sections below describe impacts from newly adopted standards as well as material updates to our previous assessments, if any, from our 2017 Form 10-K. ACCOUNTING STANDARDS ADOPTED Retirement Benefits - Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost Standard/Description: This amended standard was issued to provide additional guidance on the presentation of net periodic benefit cost in the income statement and on the components eligible for capitalization in assets. In accordance with the revised standard, we have separated the different components of net periodic benefit cost, presenting service cost components within operating income and other non-service components separately outside of operating income on the income statement. In addition, only service costs are now eligible for inventory capitalization. Effective Date and Adoption Considerations: Effective in the first quarter of 2018. Changes to the presentation of benefit costs were required to be adopted retrospectively, while changes to the capitalization of service costs into inventories were required to be adopted prospectively. The standard permits, as a practical expedient, use of the amounts disclosed in the Retirement Benefit Plans footnote for the prior comparative periods as the estimation basis for applying the retrospective presentation requirement. Effect on Financial Statements or Other Significant Matters: Adoption of the amended standard resulted in the reclassification of approximately $114 million of non-service net periodic benefit costs from line items within operating income to interest and other, net, for the year ended December 30, 2017 ( $259 million for the year ended December 31, 2016 ). Revenue Recognition - Contracts with Customers Standard/Description: This standard was issued to achieve a consistent application of revenue recognition within the U.S., resulting in a single revenue model to be applied by all companies. Under the new model, recognition of revenue occurs when a customer obtains control of promised goods or services in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. In addition, the new standard requires that companies disclose the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. Effective Date and Adoption Considerations: Effective in the first quarter of 2018. This standard was adopted using a modified retrospective approach through a cumulative adjustment to retained earnings for the fiscal year beginning December 31, 2017 . Effect on Financial Statements or Other Significant Matters: Our adoption assessments identified a change in revenue recognition timing on our component sales made to distributors. Under the new standard we now recognize revenue when we deliver to the distributor rather than deferring recognition until the distributor sells the components. On the date of initial application, we removed the deferred income and related receivables on component sales made to distributors through a cumulative adjustment to retained earnings. The revenue deferral that was historically recognized in the following period is expected to be primarily offset by the acceleration of revenue recognition in the current period as control of the product transfers to our customer. Our assessment also identified a change in expense recognition timing related to payments we make to our customers for distinct services they perform as part of cooperative advertising programs, which were previously recorded as operating expenses. We now recognize the expense for cooperative advertising in the period the marketing activities occur. Previously we recognized the expense in the period the customer was entitled to participate in the program, which coincided with the period of sale. On the date of initial adoption, we capitalized the expense of cooperative advertising not performed through a cumulative adjustment to retained earnings. We have completed our adoption and implemented policies, processes, and controls to support the standard's measurement and disclosure requirements. Refer to the tables below, which summarize the impacts of the changes discussed above to our financial statements recorded as an adjustment to opening balances for the fiscal year beginning December 31, 2017, and also provide comparative reporting of the impacts of adopting the standard. Accounting Policy Updates: We recognize net product revenue when we satisfy performance obligations as evidenced by the transfer of control of our products or services to customers. Substantially all of our revenue is derived from product sales. In accordance with contract terms, revenue for product sales is recognized at the time of product shipment from our facilities or delivery to the customer location, as determined by the agreed upon shipping terms. We include shipping charges billed to customers in net revenue, and include the related shipping costs in cost of sales. We measure revenue based on the amount of consideration we expect to be entitled to in exchange for products or services. Any variable consideration is recognized as a reduction of net revenue at the time of revenue recognition. We determine variable consideration, which consists primarily of sales price concessions, by estimating the most likely amount of consideration we expect to receive from the customer based on historical analysis of customer purchase volumes. The impacts of distributor sales price reductions resulting from price protection agreements are also estimated based on historical analysis of such activity and are reflected as a reduction in net revenue. We make payments to our customers through cooperative advertising programs, such as our Intel Inside ® program, for marketing activities for certain of our products. We generally record the payment as a reduction in revenue in the period that the revenue is earned, unless the payment is for a distinct service, which we record as expense when the marketing activities occur. Financial Instruments - Recognition and Measurement Standard/Description: Requires changes to the accounting for financial instruments that primarily affect equity securities, financial liabilities measured using the fair value option, and the presentation and disclosure requirements for such instruments. Effective Date and Adoption Considerations: Effective in the first quarter of 2018. Changes to our marketable equity securities were required to be adopted using a modified retrospective approach through a cumulative effect adjustment to retained earnings for the fiscal year beginning December 31, 2017. Since management has elected to apply the measurement alternative to non-marketable equity securities, changes to these securities were adopted prospectively. Effect on Financial Statements or Other Significant Matters: Marketable equity securities previously classified as available-for-sale equity investments are now measured and recorded at fair value with changes in fair value recorded through the income statement. All non-marketable equity securities formerly classified as cost method investments are measured and recorded using the measurement alternative. Equity securities measured and recorded using the measurement alternative are recorded at cost minus impairment, if any, plus or minus changes resulting from qualifying observable price changes. Adjustments resulting from impairments and qualifying observable price changes are recorded in the income statement. Beginning in the first quarter of 2018, in accordance with the standard, recurring fair value disclosures are no longer provided for equity securities measured using the measurement alternative. In addition, the existing impairment model has been replaced with a new one-step qualitative impairment model. No initial adoption adjustment was recorded for these instruments since the standard was required to be applied prospectively for securities measured using the measurement alternative. We have completed our adoption and implemented policies, processes, and controls to support the standard's measurement and disclosure requirements. Refer to the table below, which summarizes impacts, net of tax, of the changes discussed above to our financial statements. This reflects an adjustment to opening balances for the fiscal year beginning December 31, 2017. Accounting Policy Updates: We regularly invest in equity securities of public and private companies to promote business and strategic objectives. Equity investments are measured and recorded as follows: • Marketable equity securities are equity securities with readily determinable fair value (RDFV) that are measured and recorded at fair value. Prior to fiscal 2018, these securities were measured and recorded at fair value and classified as available-for-sale securities. • Non-marketable equity securities are equity securities without RDFV that are measured and recorded using a measurement alternative which measures the securities at cost minus impairment, if any, plus or minus changes resulting from qualifying observable price changes. These securities were previously accounted for using the cost method of accounting, measured at cost less other-than-temporary impairment. • Equity method investments are equity securities in investees we do not control but over which we have the ability to exercise significant influence. Equity method investments are measured at cost minus impairment, if any, plus or minus our share of equity method investee income or loss. Our proportionate share of the income or loss from equity method investments is recognized on a one-quarter lag. Realized and unrealized gains or losses resulting from changes in value and sale of our equity investments are recorded in gains (losses) on equity investments, net. We previously recorded unrealized gains and losses through other comprehensive income (loss) and realized gains and losses on the sale, exchange or impairment of these equity investments through gains (losses) on equity investments, net. The carrying value of our portfolio of non-marketable equity securities totaled $2.9 billion as of September 29, 2018 ( $2.6 billion as of December 30, 2017 ). The carrying value of our non-marketable equity securities is adjusted for qualifying observable price changes resulting from the issuance of similar or identical securities by the same issuer. Determining whether an observed transaction is similar to a security within our portfolio requires judgment based on the rights and preferences of the securities. Recording upward and downward adjustments to the carrying value of our equity securities as a result of observable price changes requires quantitative assessments of the fair value of our securities using various valuation methodologies and involves the use of estimates. Non-marketable equity securities and equity method investments are also subject to periodic impairment reviews. Our quarterly impairment analysis considers both qualitative and quantitative factors that may have a significant impact on the investee's fair value. Qualitative factors considered include industry and market conditions, the financial performance and near-term prospects of the investee, and other relevant events and factors affecting the investee. When indicators of impairment exist, we prepare quantitative assessments of the fair value of our equity investments using both the market and income approaches which require judgment and the use of estimates, including discount rates, investee revenues and costs, and comparable market data of private and public companies, among others. Prior to fiscal 2018, non-marketable equity securities were tested for impairment using the other-than-temporary impairment model which considered the severity and duration of a decline in fair value below cost and our ability and intent to hold the investment for a sufficient period of time to allow for recovery. Impairments of equity investments were $372 million in the first nine months of 2018 and $613 million in the first nine months of 2017. Opening Balance Adjustments The following table summarizes the effects of adopting Revenue Recognition - Contracts with Customers , Financial Instruments - Recognition and Measurement , and other accounting standards on our financial statements for the fiscal year beginning December 31, 2017 as an adjustment to the opening balance: Adjustments from Balance as of Revenue Standard Financial Instruments Standard Other 1 Opening Balance as of Assets: Accounts receivable $ 5,607 $ (530 ) $ — $ — $ 5,077 Inventories $ 6,983 $ 47 $ — $ — $ 7,030 Other current assets $ 2,908 $ 64 $ — $ (8 ) $ 2,964 Equity investments $ — $ — $ 8,579 $ — $ 8,579 Marketable equity securities $ 4,192 $ — $ (4,192 ) $ — $ — Other long-term assets $ 7,602 $ — $ (4,387 ) $ (43 ) $ 3,172 Liabilities: Deferred income $ 1,656 $ (1,356 ) $ — $ — $ 300 Other accrued liabilities $ 7,535 $ 81 $ — $ — $ 7,616 Deferred income taxes $ 3,046 $ 191 $ — $ (20 ) $ 3,217 Stockholders' equity: Accumulated other comprehensive income (loss) $ 862 $ — $ (1,745 ) $ (45 ) $ (928 ) Retained earnings $ 42,083 $ 665 $ 1,745 $ 14 $ 44,507 1 Includes adjustments from adoption of "Income Taxes - Intra-Entity Transfers of Assets Other Than Inventory" and "Income Statement — Reporting Comprehensive Income - Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income." The following table summarizes the impacts of adopting the new revenue standard on our consolidated condensed statements of income and balance sheets: Three Months Ended September 29, 2018 Nine Months Ended September 29, 2018 (In Millions) As reported Adjustments Without new revenue standard As reported Adjustments Without new revenue standard Income Statement Net revenue $ 19,163 $ 118 $ 19,281 $ 52,191 $ (266 ) $ 51,925 Cost of sales 6,803 46 6,849 19,681 (136 ) 19,545 Gross margin 12,360 72 12,432 32,510 (130 ) 32,380 Marketing, general and administrative 1,605 — 1,605 5,230 (70 ) 5,160 Operating income 7,349 72 7,421 17,092 (60 ) 17,032 Income before taxes 7,142 72 7,214 17,682 (60 ) 17,622 Provision for taxes 744 20 764 1,824 (4 ) 1,820 Net income $ 6,398 $ 52 $ 6,450 $ 15,858 $ (56 ) $ 15,802 As of September 29, 2018 (In Millions) As reported Adjustments Without new revenue standard Balance Sheet Assets: Accounts receivable $ 5,457 $ 446 $ 5,903 Inventories $ 7,401 $ 23 $ 7,424 Other current assets $ 3,546 $ 4 $ 3,550 Liabilities: Deferred income $ — $ 1,668 $ 1,668 Other accrued liabilities $ 9,835 $ (334 ) $ 9,501 Deferred income taxes $ 1,485 $ (140 ) $ 1,345 Equity: Retained earnings $ 47,094 $ (721 ) $ 46,373 ACCOUNTING STANDARDS NOT YET ADOPTED Leases Standard/Description: This new lease accounting standard requires that we recognize leased assets and corresponding liabilities on the balance sheet and provide enhanced disclosure of lease activity. Effective Date and Adoption Considerations: Effective in the first quarter of 2019. The standard requires a modified retrospective adoption. We can choose to apply the provisions at the beginning of the earliest comparative period presented in the financial statements or at the beginning of the period of adoption. We have elected to apply the guidance at the beginning of the period of adoption. Effect on Financial Statements or Other Significant Matters: We expect the valuation of our right-of-use assets and lease liabilities, previously described as operating leases, to approximate the present value of our forecasted future lease commitments. We are currently implementing processes to comply with the measurement and disclosure requirements. Cloud Computing Implementation Costs Standard/Description: The standard requires implementation costs incurred in cloud computing (i.e. hosting) arrangements that are service contracts to be assessed under existing guidance to determine which costs to capitalize as assets or expense as incurred. Effective Date and Adoption Considerations: Effective in the first quarter of 2020. The standard requires adoption either retrospectively or prospectively. Effect on Financial Statements or Other Significant Matters: We have not yet determined the impact of this standard on our financial statements. |
Operating Segments
Operating Segments | 9 Months Ended |
Sep. 29, 2018 | |
Segment Reporting [Abstract] | |
Operating Segments [Text Block] | NOTE 3: OPERATING SEGMENTS We manage our business through the following operating segments: • Client Computing Group (CCG) • Data Center Group (DCG) • Internet of Things Group (IOTG) • Non-Volatile Memory Solutions Group (NSG) • Programmable Solutions Group (PSG) • All Other During the third quarter of 2018, we made an organizational change to combine our artificial intelligence investments in edge computing with IOTG; accordingly, approximately $480 million of goodwill was reallocated from "all other" to the IOTG operating segment. We offer platform products that incorporate various components and technologies, including a microprocessor and chipset, a stand-alone System-on-Chip (SoC), or a multichip package. A platform product may be enhanced by additional hardware, software, and services offered by Intel. Platform products are used in various form factors across our CCG, DCG, and IOTG operating segments. We derive a substantial majority of our revenue from platform products, which are our principal products and considered as one class of product. CCG and DCG are our reportable operating segments. IOTG, NSG, and PSG do not meet the quantitative thresholds to qualify as reportable operating segments; however, we have elected to disclose the results of these non-reportable operating segments. The “all other” category includes revenue, expenses, and charges such as: • results of operations from non-reportable segments not otherwise presented, including Mobileye results; • historical results of operations from divested businesses, including Intel Security Group (ISecG) results; • results of operations of start-up businesses that support our initiatives, including our foundry business; • amounts included within restructuring and other charges; • a portion of employee benefits, compensation, and other expenses not allocated to the operating segments; and • acquisition-related costs, including amortization and any impairment of acquisition-related intangibles and goodwill. The Chief Operating Decision Maker (CODM), which is our interim Chief Executive Officer, 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 Nine Months Ended (In Millions) Sep 29, Sep 30, Sep 29, Sep 30, Net revenue: Client Computing Group Platform $ 9,023 $ 8,132 $ 24,703 $ 23,163 Adjacent 1,211 728 2,479 1,886 10,234 8,860 27,182 25,049 Data Center Group Platform 5,637 4,439 15,561 12,344 Adjacent 502 439 1,361 1,138 6,139 4,878 16,922 13,482 Internet of Things Group Platform 855 680 2,319 1,926 Adjacent 64 169 320 364 919 849 2,639 2,290 Non-Volatile Memory Solutions Group 1,081 891 3,200 2,631 Programmable Solutions Group 496 469 1,511 1,334 All other 294 202 737 922 Total net revenue $ 19,163 $ 16,149 $ 52,191 $ 45,708 Operating income (loss): Client Computing Group $ 4,532 $ 3,600 $ 10,557 $ 9,656 Data Center Group 3,082 2,255 8,421 5,403 Internet of Things Group 321 146 791 390 Non-Volatile Memory Solutions Group 160 (52 ) 14 (291 ) Programmable Solutions Group 106 113 304 302 All other (852 ) (921 ) (2,995 ) (2,845 ) Total operating income $ 7,349 $ 5,141 $ 17,092 $ 12,615 Disaggregated net revenue for each period was as follows: Three Months Ended Nine Months Ended (In Millions) Sep 29, Sep 30, Sep 29, Sep 30, Platform revenue Desktop platform $ 3,225 $ 2,967 $ 9,087 $ 8,598 Notebook platform 5,774 5,123 15,549 14,437 DCG platform 5,637 4,439 15,561 12,344 Other platform 1 879 722 2,386 2,054 15,515 13,251 42,583 37,433 Adjacent revenue 2 3,648 2,898 9,608 7,741 ISecG divested business — — — 534 Total revenue $ 19,163 $ 16,149 $ 52,191 $ 45,708 1 Includes our tablet, service provider, and IOTG platform revenue. 2 Includes all of our non-platform products for CCG, DCG, and IOTG like modem, ethernet, and silicon photonics, as well as NSG, PSG, and Mobileye products. |
Earnings Per Share
Earnings Per Share | 9 Months Ended |
Sep. 29, 2018 | |
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 Nine Months Ended (In Millions, Except Per Share Amounts) Sep 29, Sep 30, Sep 29, Sep 30, Net income available to common stockholders $ 6,398 $ 4,516 $ 15,858 $ 10,288 Weighted average shares of common stock outstanding – basic 4,574 4,688 4,632 4,707 Dilutive effect of employee equity incentive plans 40 34 52 43 Dilutive effect of convertible debt 34 99 44 99 Weighted average shares of common stock outstanding – diluted 4,648 4,821 4,728 4,849 Earnings per share – Basic $ 1.40 $ 0.96 $ 3.42 $ 2.19 Earnings per share – Diluted $ 1.38 $ 0.94 $ 3.35 $ 2.12 Potentially dilutive shares of common stock from employee equity incentive plans are determined by applying the treasury stock method to the assumed exercise of outstanding stock options, the assumed vesting of outstanding restricted stock units (RSUs), and the assumed issuance of common stock under the stock purchase plan. In December 2017, we paid cash to satisfy the conversion of our 2035 debentures, which we excluded from our dilutive earnings per share computation starting in the fourth quarter of 2017 and are no longer dilutive. Our 2039 debentures require settlement of the principal amount of the debt in cash upon conversion. Since the conversion premium is paid in cash or stock at our option, we determined the potentially dilutive shares of common stock by applying the treasury stock method. For the nine months ended September 29, 2018 , we paid cash to satisfy the conversion of a portion of our 2039 debentures. The potentially dilutive shares associated with the converted portion are excluded from our diluted earnings per share computation in 2018 as they are no longer dilutive. In all periods presented, potentially dilutive outstanding 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 outstanding 2039 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 2039 debentures in the future if the average market price is below the conversion price. |
Contract Liabilities
Contract Liabilities | 9 Months Ended |
Sep. 29, 2018 | |
Revenue from Contract with Customer [Abstract] | |
Contract Liabilities [Text Block] | NOTE 5: CONTRACT LIABILITIES (In Millions) Sep 29, Opening Balance as of Dec 31, 2017 Contract liabilities from prepaid supply agreements $ 2,692 $ 105 Contract liabilities from software, services and other 93 195 Total contract liabilities $ 2,785 $ 300 Contract liabilities are primarily related to partial prepayments received from customers on long-term supply agreements towards future NSG product delivery. As new prepaid supply agreements are entered into and performance obligations are negotiated, this component of the contract liability balance will increase, and as customers purchase product and utilize their prepaid balances, the balance will decrease. The short-term portion of prepayments from supply agreements is reported on the consolidated condensed balance sheets within other accrued liabilities. The following table shows the changes in contract liability balances relating to prepaid supply agreements during the first nine months of 2018 : (In Millions) Prepaid supply agreements balance as of December 31, 2017 $ 105 Additions and adjustments 2,753 Revenue recognized (166 ) Prepaid supply agreements balance as of September 29 , 2018 $ 2,692 Additions and adjustments in the first nine months of 2018 include a $1.0 billion reclassification from customer deposits previously included in other long-term liabilities . The long-term supply agreements represent $4.8 billion in future anticipated revenues with 2% expected to be recognized during the fourth quarter of the year and the remainder ratably over the next five years. |
Other Financial Statement Detai
Other Financial Statement Details | 9 Months Ended |
Sep. 29, 2018 | |
Other Financial Statement Details [Abstract] | |
Other Financial Statement Details [Text Block] | NOTE 6: OTHER FINANCIAL STATEMENT DETAILS INVENTORIES (In Millions) Sep 29, Dec 30, Raw materials $ 932 $ 738 Work in process 4,507 4,213 Finished goods 1,962 2,032 Total inventories $ 7,401 $ 6,983 INTEREST AND OTHER, NET The components of interest and other, net for each period were as follows: Three Months Ended Nine Months Ended (In Millions) Sep 29, Sep 30, Sep 29, Sep 30, Interest income $ 109 $ 137 $ 308 $ 349 Interest expense (109 ) (191 ) (337 ) (493 ) Other, net (132 ) (3 ) 254 406 Total interest and other, net $ (132 ) $ (57 ) $ 225 $ 262 Interest expense in the preceding table is net of $142 million of interest capitalized in the third quarter of 2018 and $381 million in the first nine months of 2018 ( $77 million in the third quarter of 2017 and $212 million in the first nine months of 2017 ). In the second quarter of 2018, we completed the divestiture of Wind River Systems, Inc. and recognized a pre-tax gain of $494 million . For the first nine months of 2018 , we have settled conversion requests for our 2039 convertible debentures totaling $793 million in principal, resulting in a cumulative loss of $211 million . |
Income Taxes
Income Taxes | 9 Months Ended |
Sep. 29, 2018 | |
Income Tax Disclosure [Abstract] | |
Income Taxes [Text Block] | NOTE 7: INCOME TAXES During the third quarter of 2018, we adjusted our provisional tax estimates related to the U.S. Tax Cuts and Jobs Act (Tax Reform) that we recorded in the fourth quarter of 2017 to reflect the impact of additional analysis related to the transition tax liability and the refinement of our measurement of deferred income taxes. Our estimated annual effective tax rate for the first nine months of 2018 includes provisional tax estimates for certain Tax Reform provisions related to foreign-derived intangible income and low-taxed intangible income. Our accounting remains incomplete as of the third quarter of 2018. We could receive additional data and regulatory guidance during the fourth quarter of 2018 that may impact our provisional estimates. Our effective income tax rate was 10.3% in the first nine months of 2018 compared to 28.1% in the first nine months of 2017 . Tax Reform reduced the U.S. statutory federal tax rate from 35.0% to 21.0% , which favorably impacted our effective tax rate in the first nine months of 2018 by approximately nine percentage points. Further, the Tax Reform provisions related to foreign-derived intangible income favorably impacted our effective tax rate by approximately four percentage points, and the provision related to low-taxed intangible income and the repeal of the domestic manufacturing deduction each unfavorably impacted our effective tax rate by approximately one percentage point. The decrease in the first nine months of 2018 was also driven by non-recurring items, primarily our divestiture of ISecG in the second quarter of 2017, which increased our effective tax rate in the first nine months of 2017 by approximately five percentage points, and the adjustment to our provisional estimates for Tax Reform in the first nine months of 2018, which reduced our effective tax rate by approximately two percentage points. |
Investments
Investments | 9 Months Ended |
Sep. 29, 2018 | |
Investments and Cash [Abstract] | |
Investments [Text Block] | NOTE 8: INVESTMENTS DEBT INVESTMENTS Trading Assets Trading assets still held at the reporting date incurred net losses of $4 million in the third quarter of 2018 and net losses of $169 million in the first nine months of 2018 (net gains of $81 million in the third quarter of 2017 and net gains of $433 million in the first nine months of 2017 ). Related derivatives incurred net losses of $11 million in the third quarter of 2018 and net gains of $159 million in the first nine months of 2018 (net losses of $75 million in the third quarter of 2017 and net losses of $402 million in the first nine months of 2017 ). Available-for-Sale Debt Investments September 29, 2018 December 30, 2017 (In Millions) Adjusted Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Adjusted Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Corporate debt $ 2,647 $ 2 $ (29 ) $ 2,620 $ 2,294 $ 4 $ (13 ) $ 2,285 Financial institution instruments 3,647 3 (18 ) 3,632 3,387 3 (9 ) 3,381 Government debt 940 — (14 ) 926 961 — (6 ) 955 Total available-for-sale debt investments $ 7,234 $ 5 $ (61 ) $ 7,178 $ 6,642 $ 7 $ (28 ) $ 6,621 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 September 29, 2018 and December 30, 2017 . The fair value of available-for-sale debt investments, by contractual maturity, as of September 29, 2018 , was as follows: (In Millions) Fair Value Due in 1 year or less $ 3,138 Due in 1–2 years 782 Due in 2–5 years 2,662 Due after 5 years 118 Instruments not due at a single maturity date 478 Total $ 7,178 EQUITY INVESTMENTS (In Millions) Sep 29, Dec 30, Marketable equity securities $ 3,039 $ 4,192 Non-marketable equity securities 2,878 2,613 Equity method investments 1,634 1,774 Total $ 7,551 $ 8,579 The components of gains (losses) on equity investments, net for each period were as follows: Three Months Ended Nine Months Ended (In Millions) Sep 29, Sep 30, Sep 29, Sep 30, Initial mark to market adjustments on marketable equity securities 1 2 $ — $ — $ 46 $ — Ongoing mark to market adjustments on marketable equity securities 1 2 8 — 379 — Gains (losses) on sales 2 57 944 68 2,020 Observable price adjustments on non-marketable equity securities 2 43 — 191 — Impairments (328 ) (10 ) (372 ) (613 ) Share of equity method investee gains (losses) — (110 ) (152 ) (129 ) Dividends 1 — 39 68 Other 144 22 166 94 Total gains (losses) on equity investments, net $ (75 ) $ 846 $ 365 $ 1,440 1 Initial mark to market adjustments refers to the fair value adjustment recorded upon a security becoming marketable, generally as a result of an initial public offering (IPO), whereas ongoing mark to market adjustments refers to all post-IPO mark to market adjustments. 2 Both initial and ongoing mark to market adjustments and observable price adjustments relate to the new financial instruments standard adopted in the first quarter of 2018, and are not applicable in prior periods. Gains (losses) on sales includes realized gains (losses) on sales of non-marketable equity securities and equity method investments, and in 2017 also includes realized gains (losses) on sales of available-for-sale equity securities which are now reflected in ongoing mark to market adjustments on marketable equity securities. Three Months Ended Nine Months Ended (In Millions) Sep 29, Sep 29, Net gains (losses) recognized during the period on equity securities $ (75 ) $ 518 Less: Net (gains) losses recognized during the period on equity securities sold during the period (225 ) (463 ) Unrealized gains (losses) recognized during the reporting period on equity securities still held at the reporting date $ (300 ) $ 55 Cloudera, Inc. On April 28, 2017, Cloudera, Inc. (Cloudera) completed its initial public offering and we 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 . 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 2017, we reduced our expectation of the company's future operating performance due to competitive pressures, which resulted in an impairment charge of $308 million . IM Flash Technologies, LLC Intel-Micron Flash Technologies (IMFT) was formed in 2006 by Micron Technology, Inc. (Micron) and Intel to jointly develop NAND flash memory and 3D XPoint™ technology products. IMFT is an unconsolidated 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. As of September 29, 2018 , we own a 49% interest in IMFT. Our portion of IMFT costs was approximately $97 million in the third quarter of 2018 and approximately $324 million in the first nine months of 2018 (approximately $115 million in the third quarter of 2017 and approximately $350 million in the first nine months of 2017 ). IMFT depends on Micron and Intel for any additional cash needs to be provided in the form of cash calls or member debt financing (MDF). The MDF balance may be converted to a capital contribution at our request, or may be repaid upon availability of funds. The IMFT operating agreement continues through 2024 unless terminated earlier, and provides for certain buy-sell rights of the joint venture. Intel has the right to cause Micron to buy our interest in IMFT and, if exercised, Micron could elect to receive financing from us for one to two years. Commencing in January 2019, Micron has the right to call our interest in IMFT. On July 16, 2018, Intel and Micron announced that they agreed to complete joint development for the second generation of 3D XPoint technology, which is expected to occur in the first half of 2019. Technology development beyond the second generation of 3D XPoint technology will be pursued independently by the two companies in order to optimize the technology for their respective product and business needs. Intel continues to purchase jointly developed products from Micron under certain supply agreements. On October 18, 2018, Micron publicly announced their intent to exercise the right to call our interest in IMFT. The timeline to close the transaction is between six and twelve months after the date Micron exercises the call. Following the closing date, we will continue to receive supply for a period of one year. We recognized an impairment charge of $290 million during the third quarter of 2018. This reduced the carrying value of our equity method investment in IMFT to $1.6 billion in line with our expectation of future cash flows and Micron exercising the call in January . |
Identified Intangible Assets
Identified Intangible Assets | 9 Months Ended |
Sep. 29, 2018 | |
Intangible Assets, Net (Excluding Goodwill) [Abstract] | |
Identified Intangible Assets [Text Block] | NOTE 9: IDENTIFIED INTANGIBLE ASSETS September 29, 2018 (In Millions) Gross Assets Accumulated Net Acquisition-related developed technology $ 9,611 $ (2,742 ) $ 6,869 Acquisition-related customer relationships 2,036 (433 ) 1,603 Acquisition-related brands 143 (44 ) 99 Licensed technology and patents 3,052 (1,505 ) 1,547 Identified intangible assets subject to amortization 14,842 (4,724 ) 10,118 In-process research and development 1,497 — 1,497 Other intangible assets 392 — 392 Identified intangible assets not subject to amortization 1,889 — 1,889 Total identified intangible assets $ 16,731 $ (4,724 ) $ 12,007 December 30, 2017 (In Millions) Gross Assets Accumulated Net Acquisition-related developed technology $ 8,912 $ (1,922 ) $ 6,990 Acquisition-related customer relationships 2,052 (313 ) 1,739 Acquisition-related brands 143 (29 ) 114 Licensed technology and patents 3,104 (1,370 ) 1,734 Identified intangible assets subject to amortization 14,211 (3,634 ) 10,577 In-process research and development 2,168 — 2,168 Identified intangible assets not subject to amortization 2,168 — 2,168 Total identified intangible assets $ 16,379 $ (3,634 ) $ 12,745 Amortization expenses recorded in the consolidated condensed statements of income for each period were as follows: Three Months Ended Nine Months Ended (In Millions) Location Sep 29, Sep 30, Sep 29, Sep 30, Acquisition-related developed technology Cost of sales $ 276 $ 243 $ 826 $ 650 Acquisition-related customer relationships Amortization of acquisition-related intangibles 45 45 135 113 Acquisition-related brands Amortization of acquisition-related intangibles 5 4 15 11 Licensed technology and patents Cost of sales 64 73 196 225 Total amortization expenses $ 390 $ 365 $ 1,172 $ 999 We expect future amortization expenses for the next five years to be as follows: (In Millions) Remainder of 2018 2019 2020 2021 2022 Acquisition-related developed technology $ 279 $ 1,114 $ 1,082 $ 1,047 $ 1,008 Acquisition-related customer relationships 45 180 179 179 171 Acquisition-related brands 5 20 20 20 6 Licensed technology and patents 64 241 210 198 193 Total future amortization expenses $ 393 $ 1,555 $ 1,491 $ 1,444 $ 1,378 |
Other Long-Term Assets
Other Long-Term Assets | 9 Months Ended |
Sep. 29, 2018 | |
Other Assets, Noncurrent Disclosure [Abstract] | |
Other Long-Term Assets [Text Block] | NOTE 10: OTHER LONG-TERM ASSETS (In Millions) Sep 29, Dec 30, Non-current deferred tax assets $ 1,011 $ 840 Pre-payments for property, plant and equipment 1,383 714 Loans receivable 544 860 Other 1,017 801 Total other long-term assets $ 3,955 $ 3,215 |
Borrowings
Borrowings | 9 Months Ended |
Sep. 29, 2018 | |
Debt Disclosure [Abstract] | |
Borrowings [Text Block] | NOTE 11: BORROWINGS For the first nine months of 2018 , we paid $1.9 billion to satisfy conversion obligations for $793 million of our $2.0 billion 3.25% junior subordinated 2039 convertible debentures. We recognized a loss of $211 million in interest and other, net and a reduction of $1.3 billion in stockholders' equity related to the conversion feature. During the third quarter of 2018, we remarketed $ 423 million principal of bonds issued by the Industrial Development Authority of the City of Chandler, Arizona (the Arizona bonds) and the State of Oregon Business Development Commission (the Oregon bonds). The bonds are our unsecured general obligations in accordance with loan agreements we entered into with the Industrial Development Authority of the City of Chandler, Arizona and the State of Oregon Business Development Commission. The bonds mature between 2035 and 2040 and carry interest rates of 2.4% - 2.7% . Each series of the Arizona bonds and the Oregon bonds are subject to mandatory tender in August 2023, at which time we can re-market the bonds as either fixed-rate bonds for a specified period or as variable-rate bonds until another fixed rate period is selected or until their final maturity date. |
Fair Value
Fair Value | 9 Months Ended |
Sep. 29, 2018 | |
Fair Value Disclosures [Abstract] | |
Fair Value [Text Block] | NOTE 12: 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 our 2017 Form 10-K. ASSETS AND LIABILITIES MEASURED AND RECORDED AT FAIR VALUE ON A RECURRING BASIS September 29, 2018 December 30, 2017 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 $ — $ 179 $ — $ 179 $ — $ 30 $ — $ 30 Financial institution instruments 1 478 318 — 796 335 640 — 975 Government debt 2 — — — — — 90 — 90 Reverse repurchase agreements — 1,949 — 1,949 — 1,399 — 1,399 Short-term investments: Corporate debt — 573 — 573 — 672 3 675 Financial institution instruments 1 — 1,740 — 1,740 — 1,009 — 1,009 Government debt 2 — 328 — 328 — 130 — 130 Trading assets: Asset-backed securities — — — — — 2 — 2 Corporate debt — 2,562 — 2,562 — 2,842 — 2,842 Financial institution instruments 1 29 1,299 — 1,328 59 1,064 — 1,123 Government debt 2 28 3,220 — 3,248 30 4,758 — 4,788 Other current assets: Derivative assets — 150 — 150 — 279 — 279 Loans receivable 3 — 304 — 304 — 30 — 30 Marketable equity securities 3,039 — — 3,039 4,148 44 — 4,192 Other long-term investments: Corporate debt — 1,868 — 1,868 — 1,576 4 1,580 Financial institution instruments 1 — 1,096 — 1,096 — 1,397 — 1,397 Government debt 2 — 598 — 598 — 735 — 735 Other long-term assets: Derivative assets — 47 — 47 — 77 7 84 Loans receivable 3 — 294 — 294 — 610 — 610 Total assets measured and recorded at fair value 3,574 16,525 — 20,099 4,572 17,384 14 21,970 Liabilities Other accrued liabilities: Derivative liabilities — 464 — 464 — 454 — 454 Other long-term liabilities: Derivative liabilities — 761 106 867 — 297 6 303 Total liabilities measured and recorded at fair value $ — $ 1,225 $ 106 $ 1,331 $ — $ 751 $ 6 $ 757 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 U.S. Treasury securities. Level 2 investments consist primarily of U.S. Agency notes and non-U.S. government debt. 3 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 securities, equity method investments, and certain non-financial assets, such as intangible assets and property, plant and equipment, are recorded at fair value only if an impairment or observable price adjustment is recognized in the current period. If an observable price adjustment or impairment is recognized on our non-marketable equity securities during the period, we classify these assets as Level 3 within the fair value hierarchy based on the nature of the fair value inputs. FINANCIAL INSTRUMENTS NOT RECORDED AT FAIR VALUE ON A RECURRING BASIS Financial instruments not recorded at fair value on a recurring basis include non-marketable equity securities (that have not been re-measured or impaired in the current period), equity method investments, grants receivable, loans receivable, reverse repurchase agreements and our short-term and long-term debt. Prior to the adoption of the new financial instrument standard, our non-marketable cost method investments were disclosed at fair value on a recurring basis and the carrying amount and fair value as of December 30, 2017 was $2.6 billion and $3.6 billion , respectively. These assets were classified as Level 3 within the fair value hierarchy based on the nature of the fair value inputs. As of September 29, 2018 , the aggregate carrying value of grants receivable, loans receivable, and reverse repurchase agreements was $1.1 billion (the aggregate carrying amount as of December 30, 2017 was $935 million ). The estimated fair value of these financial instruments approximates their carrying value and is categorized as Level 2 within the fair value hierarchy based on the nature of the fair value inputs. As of September 29, 2018 , the fair value of short and long-term debt (excluding drafts payable) was $29.3 billion (the fair value as of December 30, 2017 was $29.4 billion ). These liabilities are classified as Level 2 within the fair value hierarchy based on the nature of the fair value inputs. |
Other Comprehensive Income (Los
Other Comprehensive Income (Loss) | 9 Months Ended |
Sep. 29, 2018 | |
Equity [Abstract] | |
Other Comprehensive Income (Loss) [Text Block] | NOTE 13: OTHER COMPREHENSIVE INCOME (LOSS) The changes in accumulated other comprehensive income (loss) by component and related tax effects in the first nine months of 2018 were as follows: (In Millions) Unrealized Holding Gains (Losses) on Available-for-Sale Equity Investments Unrealized Holding Gains (Losses) on Derivatives Actuarial Valuation and Other Pension Expenses Translation adjustments and other Total Balance as of December 30, 2017 $ 1,745 $ 106 $ (963 ) $ (26 ) $ 862 Impact of change in accounting standards (1,745 ) 24 (65 ) (4 ) (1,790 ) Opening Balance as of December 31, 2017 $ — $ 130 $ (1,028 ) $ (30 ) $ (928 ) Other comprehensive income (loss) before reclassifications — (203 ) 3 (31 ) (231 ) Amounts reclassified out of accumulated other comprehensive income (loss) — (55 ) 48 8 1 Tax effects — 59 (12 ) 8 55 Other comprehensive income (loss) — (199 ) 39 (15 ) (175 ) Balance as of September 29, 2018 $ — $ (69 ) $ (989 ) $ (45 ) $ (1,103 ) 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 Nine Months Ended Comprehensive Income Components Location Sep 29, Sep 30, Sep 29, Sep 30, Unrealized holding gains (losses) on available-for-sale equity investments: Gains (losses) on equity investments, net $ — $ 916 $ — $ 1,962 — 916 — 1,962 Unrealized holding gains (losses) on derivatives: Foreign currency contracts Cost of sales (14 ) (13 ) 5 (60 ) Research and development (11 ) 24 60 10 Marketing, general and administrative (1 ) 4 31 (2 ) Gains (losses) on equity investments, net — 12 — 28 Interest and other, net (6 ) 17 (41 ) 52 (32 ) 44 55 28 Amortization of pension and postretirement benefit components: Actuarial valuation and other pension expenses — (18 ) (48 ) (46 ) — (18 ) (48 ) (46 ) Translation adjustments and other Interest and other, net (2 ) — (8 ) (507 ) Total amounts reclassified out of accumulated other comprehensive income (loss) $ (34 ) $ 942 $ (1 ) $ 1,437 The amortization of pension and postretirement benefit components is included in the computation of net periodic benefit cost. For more information, see "Note 18: Retirement Benefit Plans" in our 2017 Form 10-K. We estimate that we will reclassify approximately $143 million (before taxes) of net derivative losses included in accumulated other comprehensive income (loss) into earnings within the next 12 months. |
Derivative Financial Instrument
Derivative Financial Instruments | 9 Months Ended |
Sep. 29, 2018 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Derivative Financial Instruments [Text Block] | NOTE 14: DERIVATIVE FINANCIAL INSTRUMENTS For further information on our derivative policies, see "Note 2: Accounting Policies" in our 2017 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) Sep 29, Dec 30, Foreign currency contracts $ 19,179 $ 19,958 Interest rate contracts 22,936 16,823 Other 1,539 1,636 Total $ 43,654 $ 38,417 FAIR VALUE OF DERIVATIVE INSTRUMENTS September 29, 2018 December 30, 2017 (In Millions) Assets 1 Liabilities 2 Assets 1 Liabilities 2 Derivatives designated as hedging instruments: Foreign currency contracts 3 $ 59 $ 221 $ 283 $ 32 Interest rate contracts — 853 1 254 Total derivatives designated as hedging instruments 59 1,074 284 286 Derivatives not designated as hedging instruments: Foreign currency contracts 3 105 236 52 447 Interest rate contracts 31 21 18 24 Other 2 — 9 — Total derivatives not designated as hedging instruments 138 257 79 471 Total derivatives $ 197 $ 1,331 $ 363 $ 757 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: September 29, 2018 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 $ 193 $ — $ 193 $ (133 ) $ (60 ) $ — Reverse repurchase agreements 2,199 — 2,199 — (2,099 ) 100 Total assets 2,392 — 2,392 (133 ) (2,159 ) 100 Liabilities: Derivative liabilities subject to master netting arrangements 1,315 — 1,315 (133 ) (1,038 ) 144 Total liabilities $ 1,315 $ — $ 1,315 $ (133 ) $ (1,038 ) $ 144 December 30, 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 $ 350 $ — $ 350 $ (206 ) $ (130 ) $ 14 Reverse repurchase agreements 1,649 — 1,649 — (1,649 ) — Total assets 1,999 — 1,999 (206 ) (1,779 ) 14 Liabilities: Derivative liabilities subject to master netting arrangements 745 — 745 (206 ) (504 ) 35 Total liabilities $ 745 $ — $ 745 $ (206 ) $ (504 ) $ 35 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 $69 million net losses in the third quarter of 2018 and were $203 million net losses in the first nine months of 2018 ( $83 million net gains in the third quarter of 2017 and $528 million net gains in the first nine months of 2017 ). Substantially all of our cash flow hedges were foreign currency contracts for all periods presented. During the first nine months of 2018 and 2017, the 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 13: 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 Nine Months Ended (In Millions) Sep 29, Sep 30, Sep 29, Sep 30, Interest rate contracts $ (230 ) $ (15 ) $ (601 ) $ 67 Hedged items 230 15 601 (67 ) Total $ — $ — $ — $ — The amounts recorded on the consolidated condensed balance sheets related to cumulative basis adjustments for fair value hedges for each period were as follows: Line Item in the Consolidated Condensed Balance Sheet in Which the Hedged Item is Included Carrying Amount of the Hedged Item Asset/(Liabilities) Cumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount Assets/(Liabilities) Years Ended Sep 29, Dec 30, Sep 29, Dec 30, Long-term debt $ (19,159 ) $ (12,653 ) $ 853 $ 252 As of September 29, 2018 and December 30, 2017 , the total notional amount of pay variable/receive fixed-interest rate swaps was $20.0 billion and $12.9 billion , respectively. 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 Nine Months Ended (In Millions) Location of Gains (Losses) Recognized in Income on Derivatives Sep 29, Sep 30, Sep 29, Sep 30, Foreign currency contracts Interest and other, net $ (1 ) $ (91 ) $ 268 $ (521 ) Interest rate contracts Interest and other, net 3 (3 ) 22 (4 ) Other Various 53 40 49 135 Total $ 55 $ (54 ) $ 339 $ (390 ) |
Employee Equity Incentive Plans
Employee Equity Incentive Plans | 9 Months Ended |
Sep. 29, 2018 | |
Employee Benefits and Share-based Compensation, Noncash [Abstract] | |
Employee Equity Incentive Plans [Text Block] | NOTE 15: EMPLOYEE EQUITY INCENTIVE PLANS Our equity incentive plans are broad-based, long-term programs intended to attract and retain talented employees and align stockholder and employee interests. Our plans include our 2006 Equity Incentive Plan and our 2006 Stock Purchase Plan. The 2006 Equity Incentive Plan had 187 million shares of common stock available through June 2020 for future grants. SHARE-BASED COMPENSATION Share-based compensation expense recognized was $383 million in the third quarter of 2018 and $1.2 billion in the first nine months of 2018 ( $397 million in the third quarter of 2017 and $1.1 billion in the first nine months of 2017 ). RESTRICTED STOCK UNIT AWARDS Restricted stock unit activity in the first nine months of 2018 was as follows: Number of RSUs (In Millions) Weighted Average Grant-Date Fair Value December 30, 2017 100.4 $ 32.36 Granted 33.7 $ 49.33 Vested (36.4 ) $ 31.07 Forfeited (6.2 ) $ 35.60 September 29, 2018 91.5 $ 38.90 The aggregate fair value of awards that vested in the first nine months of 2018 was $1.9 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 the first nine months of 2018 was $1.1 billion . 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. 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 had 137 million shares of common stock remaining through August 2021 for issuance. Employees purchased 14 million shares of common stock in the first nine months of 2018 for $468 million ( 15 million shares of common stock in the first nine months of 2017 for $432 million ) under the 2006 Stock Purchase Plan. |
Contingencies
Contingencies | 9 Months Ended |
Sep. 29, 2018 | |
Commitments and Contingencies Disclosure [Abstract] | |
Contingencies [Text Block] | NOTE 16: 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 that favored Intel on a number of grounds. The Court of Justice issued its decision in September 2017, setting aside the judgment of the General Court and sending the case back to the General Court to examine whether the rebates at issue were capable of restricting competition. The General Court has appointed a panel of five judges to consider our appeal of the EC’s 2009 decision in light of the Court of Justice’s clarifications of the law. In November 2017, the parties filed initial “Observations” about the Court of Justice’s decision and the appeal, and were invited by the General Court to offer supplemental comments to each other’s “Observations,” which the parties submitted in March 2018. Responses to other questions posed by the General Court were filed in May and June 2018. We are now awaiting notice whether the General Court will hold a management conference before it conducts oral argument, at some future date. Pending the final decision in this matter, the fine paid by Intel has been placed by the EC in commercial bank accounts where it accrues interest. 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 that 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 was withdrawn in September 2018, and the case is over. 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 without prejudice. 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 California Court of Appeal heard oral argument in October 2017, and in November 2017, affirmed the judgment as to McAfee's nine outside directors, reversed the judgment as to former McAfee director and chief executive officer David DeWalt, Intel, and McAfee, and affirmed the trial court's ruling that the plaintiffs are not entitled to a jury trial. At a June 2018 case management conference following remand, the Superior Court set an October hearing date for any additional summary judgment motions that may be filed, and set trial to begin in December 2018. In July 2018, plaintiffs filed a motion for leave to amend the complaint which the court denied in September 2018. Also in July 2018, McAfee and Intel filed a motion for summary judgment on the aiding and abetting claims asserted against them; in October 2018, the court granted the motion as to McAfee and denied the motion as to Intel. Because the resolution of pretrial motions may materially impact the scope and nature of the proceeding, and because of uncertainties regarding the disposition of theories that may be asserted at trial and the extent of Intel's responsibility, if any, with respect to such claims, 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. Litigation related to Security Vulnerabilities In June 2017, a Google research team notified us and other companies that it had identified security vulnerabilities (now commonly referred to as “Spectre” and “Meltdown”) that affect many types of microprocessors, including our products. As is standard when findings like these are presented, we worked together with other companies in the industry to verify the research and develop and validate software and firmware updates for impacted technologies. On January 3, 2018, information on the security vulnerabilities was publicly reported, before software and firmware updates to address the vulnerabilities were made widely available. Numerous lawsuits have been filed against Intel and, in certain cases, our executives and directors, in U.S. federal and state courts and in certain courts in other countries relating to the Spectre and Meltdown security vulnerabilities, as well as another variant of these vulnerabilities (“Foreshadow”) that has since been identified. As of October 24, 2018 , 47 consumer class action lawsuits and three securities class action lawsuits have been filed. The consumer class action plaintiffs, who purport to represent various classes of end users of our products, generally claim to have been harmed by Intel's actions and/or omissions in connection with the security vulnerabilities and assert a variety of common law and statutory claims seeking monetary damages and equitable relief. Of the consumer class action lawsuits, 43 have been filed in the United States, two in Canada, and two in Israel. In April 2018, the United States Judicial Panel on Multidistrict Litigation ordered the U.S. consumer class action lawsuits consolidated for pretrial proceedings in the United States District Court for the District of Oregon. Intel filed a motion to dismiss that consolidated action in October 2018, and a hearing on that motion has been scheduled for February 2019. There has been no activity in the case pending in the Superior Court of Justice of Ontario, and in October 2018 the Superior Court of Justice of Quebec entered an order staying the case pending in that court for one year. In Israel, both consumer class action lawsuits were filed in the District Court of Haifa. The Supreme Court of Israel stayed the first case pending disposition of an appeal by one of Intel’s co-defendants of an order by the District Court of Haifa. Intel filed a motion to stay the second case, which is scheduled for hearing in November 2018. In the securities class action litigation, the lead securities class action plaintiffs, who purport to represent classes of acquirers of Intel stock between October 27, 2017 and January 9, 2018, generally allege that Intel and certain officers violated securities laws by making statements about Intel's products that were revealed to be false or misleading by the disclosure of the security vulnerabilities. The securities class actions have been consolidated and are pending in the United States District Court for the Northern District of California. Defendants moved to dismiss those actions on various grounds, and a hearing on that motion has been scheduled for November 2018. Additional lawsuits and claims may be asserted on behalf of customers and shareholders seeking monetary damages or other related relief. We dispute the claims described above and intend to defend the lawsuits vigorously. Given the procedural posture and the nature of these cases, including that the proceedings are in the early stages, that alleged damages have not been specified, that uncertainty exists as to the likelihood of a class or classes being certified or the ultimate size of any class or classes if certified, and that there are significant factual and legal issues to be resolved, we are unable to make a reasonable estimate of the potential loss or range of losses, if any, that might arise from these matters. In addition to these lawsuits, Intel stockholders have filed seven shareholder derivative lawsuits since January 2018 against certain current and former members of our Board of Directors and certain current and former officers, alleging that the defendants breached their duties to Intel in connection with the disclosure of the security vulnerabilities and the failure to take action in relation to alleged insider trading. The complaints seek to recover damages from the defendants on behalf of Intel. Three of the derivative actions were filed in the United States District Court for the Northern District of California and have been consolidated, and the other four were filed in the Superior Court of the State of California in San Mateo County and have been consolidated. In August 2018, the federal court granted defendants' motion to dismiss the consolidated complaint on the ground that plaintiffs failed to plead facts sufficient to show they were excused from making a pre-lawsuit demand on the Board. The federal court granted plaintiffs leave to amend their complaint, but in September 2018, plaintiffs instead requested that the action be voluntarily dismissed. Defendants and plaintiffs disagree whether the dismissal should be with or without prejudice, and are awaiting the court’s decision on that issue. In August 2018, the California Superior Court granted defendants' motion to dismiss the consolidated complaint in the action on the ground that plaintiffs failed to plead facts sufficient to show they were excused from making a pre-lawsuit demand on the Board. The state court granted plaintiffs leave to amend their complaint, and the parties have stipulated that plaintiffs must file any amended complaint by February 2019. The state court plaintiffs have also moved to intervene in the federal action to argue against the dismissal of the federal case with prejudice; defendants are opposing that motion. |
Recent Accounting Standards Acc
Recent Accounting Standards Accounting Policy Updates (Policies) | 9 Months Ended |
Sep. 29, 2018 | |
Accounting Policies [Abstract] | |
Revenue Recognition | Accounting Policy Updates: We recognize net product revenue when we satisfy performance obligations as evidenced by the transfer of control of our products or services to customers. Substantially all of our revenue is derived from product sales. In accordance with contract terms, revenue for product sales is recognized at the time of product shipment from our facilities or delivery to the customer location, as determined by the agreed upon shipping terms. We include shipping charges billed to customers in net revenue, and include the related shipping costs in cost of sales. We measure revenue based on the amount of consideration we expect to be entitled to in exchange for products or services. Any variable consideration is recognized as a reduction of net revenue at the time of revenue recognition. We determine variable consideration, which consists primarily of sales price concessions, by estimating the most likely amount of consideration we expect to receive from the customer based on historical analysis of customer purchase volumes. The impacts of distributor sales price reductions resulting from price protection agreements are also estimated based on historical analysis of such activity and are reflected as a reduction in net revenue. We make payments to our customers through cooperative advertising programs, such as our Intel Inside ® program, for marketing activities for certain of our products. We generally record the payment as a reduction in revenue in the period that the revenue is earned, unless the payment is for a distinct service, which we record as expense when the marketing activities occur. |
Financial Instruments - Recognition and Measurement | Accounting Policy Updates: We regularly invest in equity securities of public and private companies to promote business and strategic objectives. Equity investments are measured and recorded as follows: • Marketable equity securities are equity securities with readily determinable fair value (RDFV) that are measured and recorded at fair value. Prior to fiscal 2018, these securities were measured and recorded at fair value and classified as available-for-sale securities. • Non-marketable equity securities are equity securities without RDFV that are measured and recorded using a measurement alternative which measures the securities at cost minus impairment, if any, plus or minus changes resulting from qualifying observable price changes. These securities were previously accounted for using the cost method of accounting, measured at cost less other-than-temporary impairment. • Equity method investments are equity securities in investees we do not control but over which we have the ability to exercise significant influence. Equity method investments are measured at cost minus impairment, if any, plus or minus our share of equity method investee income or loss. Our proportionate share of the income or loss from equity method investments is recognized on a one-quarter lag. Realized and unrealized gains or losses resulting from changes in value and sale of our equity investments are recorded in gains (losses) on equity investments, net. We previously recorded unrealized gains and losses through other comprehensive income (loss) and realized gains and losses on the sale, exchange or impairment of these equity investments through gains (losses) on equity investments, net. The carrying value of our portfolio of non-marketable equity securities totaled $2.9 billion as of September 29, 2018 ( $2.6 billion as of December 30, 2017 ). The carrying value of our non-marketable equity securities is adjusted for qualifying observable price changes resulting from the issuance of similar or identical securities by the same issuer. Determining whether an observed transaction is similar to a security within our portfolio requires judgment based on the rights and preferences of the securities. Recording upward and downward adjustments to the carrying value of our equity securities as a result of observable price changes requires quantitative assessments of the fair value of our securities using various valuation methodologies and involves the use of estimates. Non-marketable equity securities and equity method investments are also subject to periodic impairment reviews. Our quarterly impairment analysis considers both qualitative and quantitative factors that may have a significant impact on the investee's fair value. Qualitative factors considered include industry and market conditions, the financial performance and near-term prospects of the investee, and other relevant events and factors affecting the investee. When indicators of impairment exist, we prepare quantitative assessments of the fair value of our equity investments using both the market and income approaches which require judgment and the use of estimates, including discount rates, investee revenues and costs, and comparable market data of private and public companies, among others. Prior to fiscal 2018, non-marketable equity securities were tested for impairment using the other-than-temporary impairment model which considered the severity and duration of a decline in fair value below cost and our ability and intent to hold the investment for a sufficient period of time to allow for recovery. Impairments of equity investments were $372 million in the first nine months of 2018 and $613 million in the first nine months of 2017. |
Accounting Standards Not Yet Adopted | ACCOUNTING STANDARDS NOT YET ADOPTED Leases Standard/Description: This new lease accounting standard requires that we recognize leased assets and corresponding liabilities on the balance sheet and provide enhanced disclosure of lease activity. Effective Date and Adoption Considerations: Effective in the first quarter of 2019. The standard requires a modified retrospective adoption. We can choose to apply the provisions at the beginning of the earliest comparative period presented in the financial statements or at the beginning of the period of adoption. We have elected to apply the guidance at the beginning of the period of adoption. Effect on Financial Statements or Other Significant Matters: We expect the valuation of our right-of-use assets and lease liabilities, previously described as operating leases, to approximate the present value of our forecasted future lease commitments. We are currently implementing processes to comply with the measurement and disclosure requirements. Cloud Computing Implementation Costs Standard/Description: The standard requires implementation costs incurred in cloud computing (i.e. hosting) arrangements that are service contracts to be assessed under existing guidance to determine which costs to capitalize as assets or expense as incurred. Effective Date and Adoption Considerations: Effective in the first quarter of 2020. The standard requires adoption either retrospectively or prospectively. Effect on Financial Statements or Other Significant Matters: We have not yet determined the impact of this standard on our financial statements. |
Recent Accounting Standards (Ta
Recent Accounting Standards (Tables) | 9 Months Ended |
Sep. 29, 2018 | |
New Accounting Pronouncements and Changes in Accounting Principles [Abstract] | |
Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block] | The following table summarizes the effects of adopting Revenue Recognition - Contracts with Customers , Financial Instruments - Recognition and Measurement , and other accounting standards on our financial statements for the fiscal year beginning December 31, 2017 as an adjustment to the opening balance: Adjustments from Balance as of Revenue Standard Financial Instruments Standard Other 1 Opening Balance as of Assets: Accounts receivable $ 5,607 $ (530 ) $ — $ — $ 5,077 Inventories $ 6,983 $ 47 $ — $ — $ 7,030 Other current assets $ 2,908 $ 64 $ — $ (8 ) $ 2,964 Equity investments $ — $ — $ 8,579 $ — $ 8,579 Marketable equity securities $ 4,192 $ — $ (4,192 ) $ — $ — Other long-term assets $ 7,602 $ — $ (4,387 ) $ (43 ) $ 3,172 Liabilities: Deferred income $ 1,656 $ (1,356 ) $ — $ — $ 300 Other accrued liabilities $ 7,535 $ 81 $ — $ — $ 7,616 Deferred income taxes $ 3,046 $ 191 $ — $ (20 ) $ 3,217 Stockholders' equity: Accumulated other comprehensive income (loss) $ 862 $ — $ (1,745 ) $ (45 ) $ (928 ) Retained earnings $ 42,083 $ 665 $ 1,745 $ 14 $ 44,507 1 Includes adjustments from adoption of "Income Taxes - Intra-Entity Transfers of Assets Other Than Inventory" and "Income Statement — Reporting Comprehensive Income - Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income." The following table summarizes the impacts of adopting the new revenue standard on our consolidated condensed statements of income and balance sheets: Three Months Ended September 29, 2018 Nine Months Ended September 29, 2018 (In Millions) As reported Adjustments Without new revenue standard As reported Adjustments Without new revenue standard Income Statement Net revenue $ 19,163 $ 118 $ 19,281 $ 52,191 $ (266 ) $ 51,925 Cost of sales 6,803 46 6,849 19,681 (136 ) 19,545 Gross margin 12,360 72 12,432 32,510 (130 ) 32,380 Marketing, general and administrative 1,605 — 1,605 5,230 (70 ) 5,160 Operating income 7,349 72 7,421 17,092 (60 ) 17,032 Income before taxes 7,142 72 7,214 17,682 (60 ) 17,622 Provision for taxes 744 20 764 1,824 (4 ) 1,820 Net income $ 6,398 $ 52 $ 6,450 $ 15,858 $ (56 ) $ 15,802 As of September 29, 2018 (In Millions) As reported Adjustments Without new revenue standard Balance Sheet Assets: Accounts receivable $ 5,457 $ 446 $ 5,903 Inventories $ 7,401 $ 23 $ 7,424 Other current assets $ 3,546 $ 4 $ 3,550 Liabilities: Deferred income $ — $ 1,668 $ 1,668 Other accrued liabilities $ 9,835 $ (334 ) $ 9,501 Deferred income taxes $ 1,485 $ (140 ) $ 1,345 Equity: Retained earnings $ 47,094 $ (721 ) $ 46,373 |
Operating Segments (Tables)
Operating Segments (Tables) | 9 Months Ended |
Sep. 29, 2018 | |
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 Nine Months Ended (In Millions) Sep 29, Sep 30, Sep 29, Sep 30, Net revenue: Client Computing Group Platform $ 9,023 $ 8,132 $ 24,703 $ 23,163 Adjacent 1,211 728 2,479 1,886 10,234 8,860 27,182 25,049 Data Center Group Platform 5,637 4,439 15,561 12,344 Adjacent 502 439 1,361 1,138 6,139 4,878 16,922 13,482 Internet of Things Group Platform 855 680 2,319 1,926 Adjacent 64 169 320 364 919 849 2,639 2,290 Non-Volatile Memory Solutions Group 1,081 891 3,200 2,631 Programmable Solutions Group 496 469 1,511 1,334 All other 294 202 737 922 Total net revenue $ 19,163 $ 16,149 $ 52,191 $ 45,708 Operating income (loss): Client Computing Group $ 4,532 $ 3,600 $ 10,557 $ 9,656 Data Center Group 3,082 2,255 8,421 5,403 Internet of Things Group 321 146 791 390 Non-Volatile Memory Solutions Group 160 (52 ) 14 (291 ) Programmable Solutions Group 106 113 304 302 All other (852 ) (921 ) (2,995 ) (2,845 ) Total operating income $ 7,349 $ 5,141 $ 17,092 $ 12,615 |
Revenue from External Customers by Products and Services [Table Text Block] | Disaggregated net revenue for each period was as follows: Three Months Ended Nine Months Ended (In Millions) Sep 29, Sep 30, Sep 29, Sep 30, Platform revenue Desktop platform $ 3,225 $ 2,967 $ 9,087 $ 8,598 Notebook platform 5,774 5,123 15,549 14,437 DCG platform 5,637 4,439 15,561 12,344 Other platform 1 879 722 2,386 2,054 15,515 13,251 42,583 37,433 Adjacent revenue 2 3,648 2,898 9,608 7,741 ISecG divested business — — — 534 Total revenue $ 19,163 $ 16,149 $ 52,191 $ 45,708 1 Includes our tablet, service provider, and IOTG platform revenue. 2 Includes all of our non-platform products for CCG, DCG, and IOTG like modem, ethernet, and silicon photonics, as well as NSG, PSG, and Mobileye products. |
Earnings Per Share (Tables)
Earnings Per Share (Tables) | 9 Months Ended |
Sep. 29, 2018 | |
Earnings Per Share [Abstract] | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | Three Months Ended Nine Months Ended (In Millions, Except Per Share Amounts) Sep 29, Sep 30, Sep 29, Sep 30, Net income available to common stockholders $ 6,398 $ 4,516 $ 15,858 $ 10,288 Weighted average shares of common stock outstanding – basic 4,574 4,688 4,632 4,707 Dilutive effect of employee equity incentive plans 40 34 52 43 Dilutive effect of convertible debt 34 99 44 99 Weighted average shares of common stock outstanding – diluted 4,648 4,821 4,728 4,849 Earnings per share – Basic $ 1.40 $ 0.96 $ 3.42 $ 2.19 Earnings per share – Diluted $ 1.38 $ 0.94 $ 3.35 $ 2.12 |
Contract Liabilities (Tables)
Contract Liabilities (Tables) | 9 Months Ended |
Sep. 29, 2018 | |
Revenue from Contract with Customer [Abstract] | |
Disaggregation of Revenue [Table Text Block] | (In Millions) Sep 29, Opening Balance as of Dec 31, 2017 Contract liabilities from prepaid supply agreements $ 2,692 $ 105 Contract liabilities from software, services and other 93 195 Total contract liabilities $ 2,785 $ 300 |
Contract with Customer, Asset and Liability [Table Text Block] | The following table shows the changes in contract liability balances relating to prepaid supply agreements during the first nine months of 2018 : (In Millions) Prepaid supply agreements balance as of December 31, 2017 $ 105 Additions and adjustments 2,753 Revenue recognized (166 ) Prepaid supply agreements balance as of September 29 , 2018 $ 2,692 |
Other Financial Statement Det_2
Other Financial Statement Details (Tables) | 9 Months Ended |
Sep. 29, 2018 | |
Other Financial Statement Details [Abstract] | |
Schedule of Inventory, Current [Table Text Block] | (In Millions) Sep 29, Dec 30, Raw materials $ 932 $ 738 Work in process 4,507 4,213 Finished goods 1,962 2,032 Total inventories $ 7,401 $ 6,983 |
Interest and Other, Net [Table Text Block] | The components of interest and other, net for each period were as follows: Three Months Ended Nine Months Ended (In Millions) Sep 29, Sep 30, Sep 29, Sep 30, Interest income $ 109 $ 137 $ 308 $ 349 Interest expense (109 ) (191 ) (337 ) (493 ) Other, net (132 ) (3 ) 254 406 Total interest and other, net $ (132 ) $ (57 ) $ 225 $ 262 |
Investments (Tables)
Investments (Tables) | 9 Months Ended |
Sep. 29, 2018 | |
Investments and Cash [Abstract] | |
Schedule of Available-for-sale Securities Reconciliation [Table Text Block] | September 29, 2018 December 30, 2017 (In Millions) Adjusted Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Adjusted Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Corporate debt $ 2,647 $ 2 $ (29 ) $ 2,620 $ 2,294 $ 4 $ (13 ) $ 2,285 Financial institution instruments 3,647 3 (18 ) 3,632 3,387 3 (9 ) 3,381 Government debt 940 — (14 ) 926 961 — (6 ) 955 Total available-for-sale debt investments $ 7,234 $ 5 $ (61 ) $ 7,178 $ 6,642 $ 7 $ (28 ) $ 6,621 |
Investments Classified by Contractual Maturity Date [Table Text Block] | The fair value of available-for-sale debt investments, by contractual maturity, as of September 29, 2018 , was as follows: (In Millions) Fair Value Due in 1 year or less $ 3,138 Due in 1–2 years 782 Due in 2–5 years 2,662 Due after 5 years 118 Instruments not due at a single maturity date 478 Total $ 7,178 |
Investment [Table Text Block] | (In Millions) Sep 29, Dec 30, Marketable equity securities $ 3,039 $ 4,192 Non-marketable equity securities 2,878 2,613 Equity method investments 1,634 1,774 Total $ 7,551 $ 8,579 |
Gain (Loss) on Securities [Table Text Block] | Three Months Ended Nine Months Ended (In Millions) Sep 29, Sep 29, Net gains (losses) recognized during the period on equity securities $ (75 ) $ 518 Less: Net (gains) losses recognized during the period on equity securities sold during the period (225 ) (463 ) Unrealized gains (losses) recognized during the reporting period on equity securities still held at the reporting date $ (300 ) $ 55 The components of gains (losses) on equity investments, net for each period were as follows: Three Months Ended Nine Months Ended (In Millions) Sep 29, Sep 30, Sep 29, Sep 30, Initial mark to market adjustments on marketable equity securities 1 2 $ — $ — $ 46 $ — Ongoing mark to market adjustments on marketable equity securities 1 2 8 — 379 — Gains (losses) on sales 2 57 944 68 2,020 Observable price adjustments on non-marketable equity securities 2 43 — 191 — Impairments (328 ) (10 ) (372 ) (613 ) Share of equity method investee gains (losses) — (110 ) (152 ) (129 ) Dividends 1 — 39 68 Other 144 22 166 94 Total gains (losses) on equity investments, net $ (75 ) $ 846 $ 365 $ 1,440 1 Initial mark to market adjustments refers to the fair value adjustment recorded upon a security becoming marketable, generally as a result of an initial public offering (IPO), whereas ongoing mark to market adjustments refers to all post-IPO mark to market adjustments. 2 Both initial and ongoing mark to market adjustments and observable price adjustments relate to the new financial instruments standard adopted in the first quarter of 2018, and are not applicable in prior periods. Gains (losses) on sales includes realized gains (losses) on sales of non-marketable equity securities and equity method investments, and in 2017 also includes realized gains (losses) on sales of available-for-sale equity securities which are now reflected in ongoing mark to market adjustments on marketable equity securities. |
Identified Intangible Assets (T
Identified Intangible Assets (Tables) | 9 Months Ended |
Sep. 29, 2018 | |
Intangible Assets, Net (Excluding Goodwill) [Abstract] | |
Schedule of Finite-Lived Intangible Assets [Table Text Block] | September 29, 2018 (In Millions) Gross Assets Accumulated Net Acquisition-related developed technology $ 9,611 $ (2,742 ) $ 6,869 Acquisition-related customer relationships 2,036 (433 ) 1,603 Acquisition-related brands 143 (44 ) 99 Licensed technology and patents 3,052 (1,505 ) 1,547 Identified intangible assets subject to amortization 14,842 (4,724 ) 10,118 In-process research and development 1,497 — 1,497 Other intangible assets 392 — 392 Identified intangible assets not subject to amortization 1,889 — 1,889 Total identified intangible assets $ 16,731 $ (4,724 ) $ 12,007 December 30, 2017 (In Millions) Gross Assets Accumulated Net Acquisition-related developed technology $ 8,912 $ (1,922 ) $ 6,990 Acquisition-related customer relationships 2,052 (313 ) 1,739 Acquisition-related brands 143 (29 ) 114 Licensed technology and patents 3,104 (1,370 ) 1,734 Identified intangible assets subject to amortization 14,211 (3,634 ) 10,577 In-process research and development 2,168 — 2,168 Identified intangible assets not subject to amortization 2,168 — 2,168 Total identified intangible assets $ 16,379 $ (3,634 ) $ 12,745 |
Schedule of Indefinite-Lived Intangible Assets [Table Text Block] | September 29, 2018 (In Millions) Gross Assets Accumulated Net Acquisition-related developed technology $ 9,611 $ (2,742 ) $ 6,869 Acquisition-related customer relationships 2,036 (433 ) 1,603 Acquisition-related brands 143 (44 ) 99 Licensed technology and patents 3,052 (1,505 ) 1,547 Identified intangible assets subject to amortization 14,842 (4,724 ) 10,118 In-process research and development 1,497 — 1,497 Other intangible assets 392 — 392 Identified intangible assets not subject to amortization 1,889 — 1,889 Total identified intangible assets $ 16,731 $ (4,724 ) $ 12,007 December 30, 2017 (In Millions) Gross Assets Accumulated Net Acquisition-related developed technology $ 8,912 $ (1,922 ) $ 6,990 Acquisition-related customer relationships 2,052 (313 ) 1,739 Acquisition-related brands 143 (29 ) 114 Licensed technology and patents 3,104 (1,370 ) 1,734 Identified intangible assets subject to amortization 14,211 (3,634 ) 10,577 In-process research and development 2,168 — 2,168 Identified intangible assets not subject to amortization 2,168 — 2,168 Total identified intangible assets $ 16,379 $ (3,634 ) $ 12,745 |
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 Nine Months Ended (In Millions) Location Sep 29, Sep 30, Sep 29, Sep 30, Acquisition-related developed technology Cost of sales $ 276 $ 243 $ 826 $ 650 Acquisition-related customer relationships Amortization of acquisition-related intangibles 45 45 135 113 Acquisition-related brands Amortization of acquisition-related intangibles 5 4 15 11 Licensed technology and patents Cost of sales 64 73 196 225 Total amortization expenses $ 390 $ 365 $ 1,172 $ 999 |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] | We expect future amortization expenses for the next five years to be as follows: (In Millions) Remainder of 2018 2019 2020 2021 2022 Acquisition-related developed technology $ 279 $ 1,114 $ 1,082 $ 1,047 $ 1,008 Acquisition-related customer relationships 45 180 179 179 171 Acquisition-related brands 5 20 20 20 6 Licensed technology and patents 64 241 210 198 193 Total future amortization expenses $ 393 $ 1,555 $ 1,491 $ 1,444 $ 1,378 |
Other Long-Term Assets (Tables)
Other Long-Term Assets (Tables) | 9 Months Ended |
Sep. 29, 2018 | |
Other Assets, Noncurrent Disclosure [Abstract] | |
Schedule of Other Assets, Noncurrent [Table Text Block] | (In Millions) Sep 29, Dec 30, Non-current deferred tax assets $ 1,011 $ 840 Pre-payments for property, plant and equipment 1,383 714 Loans receivable 544 860 Other 1,017 801 Total other long-term assets $ 3,955 $ 3,215 |
Fair Value (Tables)
Fair Value (Tables) | 9 Months Ended |
Sep. 29, 2018 | |
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 September 29, 2018 December 30, 2017 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 $ — $ 179 $ — $ 179 $ — $ 30 $ — $ 30 Financial institution instruments 1 478 318 — 796 335 640 — 975 Government debt 2 — — — — — 90 — 90 Reverse repurchase agreements — 1,949 — 1,949 — 1,399 — 1,399 Short-term investments: Corporate debt — 573 — 573 — 672 3 675 Financial institution instruments 1 — 1,740 — 1,740 — 1,009 — 1,009 Government debt 2 — 328 — 328 — 130 — 130 Trading assets: Asset-backed securities — — — — — 2 — 2 Corporate debt — 2,562 — 2,562 — 2,842 — 2,842 Financial institution instruments 1 29 1,299 — 1,328 59 1,064 — 1,123 Government debt 2 28 3,220 — 3,248 30 4,758 — 4,788 Other current assets: Derivative assets — 150 — 150 — 279 — 279 Loans receivable 3 — 304 — 304 — 30 — 30 Marketable equity securities 3,039 — — 3,039 4,148 44 — 4,192 Other long-term investments: Corporate debt — 1,868 — 1,868 — 1,576 4 1,580 Financial institution instruments 1 — 1,096 — 1,096 — 1,397 — 1,397 Government debt 2 — 598 — 598 — 735 — 735 Other long-term assets: Derivative assets — 47 — 47 — 77 7 84 Loans receivable 3 — 294 — 294 — 610 — 610 Total assets measured and recorded at fair value 3,574 16,525 — 20,099 4,572 17,384 14 21,970 Liabilities Other accrued liabilities: Derivative liabilities — 464 — 464 — 454 — 454 Other long-term liabilities: Derivative liabilities — 761 106 867 — 297 6 303 Total liabilities measured and recorded at fair value $ — $ 1,225 $ 106 $ 1,331 $ — $ 751 $ 6 $ 757 |
Other Comprehensive Income (L_2
Other Comprehensive Income (Loss) (Tables) | 9 Months Ended |
Sep. 29, 2018 | |
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 nine months of 2018 were as follows: (In Millions) Unrealized Holding Gains (Losses) on Available-for-Sale Equity Investments Unrealized Holding Gains (Losses) on Derivatives Actuarial Valuation and Other Pension Expenses Translation adjustments and other Total Balance as of December 30, 2017 $ 1,745 $ 106 $ (963 ) $ (26 ) $ 862 Impact of change in accounting standards (1,745 ) 24 (65 ) (4 ) (1,790 ) Opening Balance as of December 31, 2017 $ — $ 130 $ (1,028 ) $ (30 ) $ (928 ) Other comprehensive income (loss) before reclassifications — (203 ) 3 (31 ) (231 ) Amounts reclassified out of accumulated other comprehensive income (loss) — (55 ) 48 8 1 Tax effects — 59 (12 ) 8 55 Other comprehensive income (loss) — (199 ) 39 (15 ) (175 ) Balance as of September 29, 2018 $ — $ (69 ) $ (989 ) $ (45 ) $ (1,103 ) |
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 Nine Months Ended Comprehensive Income Components Location Sep 29, Sep 30, Sep 29, Sep 30, Unrealized holding gains (losses) on available-for-sale equity investments: Gains (losses) on equity investments, net $ — $ 916 $ — $ 1,962 — 916 — 1,962 Unrealized holding gains (losses) on derivatives: Foreign currency contracts Cost of sales (14 ) (13 ) 5 (60 ) Research and development (11 ) 24 60 10 Marketing, general and administrative (1 ) 4 31 (2 ) Gains (losses) on equity investments, net — 12 — 28 Interest and other, net (6 ) 17 (41 ) 52 (32 ) 44 55 28 Amortization of pension and postretirement benefit components: Actuarial valuation and other pension expenses — (18 ) (48 ) (46 ) — (18 ) (48 ) (46 ) Translation adjustments and other Interest and other, net (2 ) — (8 ) (507 ) Total amounts reclassified out of accumulated other comprehensive income (loss) $ (34 ) $ 942 $ (1 ) $ 1,437 |
Derivative Financial Instrume_2
Derivative Financial Instruments (Tables) | 9 Months Ended |
Sep. 29, 2018 | |
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) Sep 29, Dec 30, Foreign currency contracts $ 19,179 $ 19,958 Interest rate contracts 22,936 16,823 Other 1,539 1,636 Total $ 43,654 $ 38,417 |
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block] | FAIR VALUE OF DERIVATIVE INSTRUMENTS September 29, 2018 December 30, 2017 (In Millions) Assets 1 Liabilities 2 Assets 1 Liabilities 2 Derivatives designated as hedging instruments: Foreign currency contracts 3 $ 59 $ 221 $ 283 $ 32 Interest rate contracts — 853 1 254 Total derivatives designated as hedging instruments 59 1,074 284 286 Derivatives not designated as hedging instruments: Foreign currency contracts 3 105 236 52 447 Interest rate contracts 31 21 18 24 Other 2 — 9 — Total derivatives not designated as hedging instruments 138 257 79 471 Total derivatives $ 197 $ 1,331 $ 363 $ 757 The amounts recorded on the consolidated condensed balance sheets related to cumulative basis adjustments for fair value hedges for each period were as follows: Line Item in the Consolidated Condensed Balance Sheet in Which the Hedged Item is Included Carrying Amount of the Hedged Item Asset/(Liabilities) Cumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount Assets/(Liabilities) Years Ended Sep 29, Dec 30, Sep 29, Dec 30, Long-term debt $ (19,159 ) $ (12,653 ) $ 853 $ 252 |
Offsetting Assets [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: September 29, 2018 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 $ 193 $ — $ 193 $ (133 ) $ (60 ) $ — Reverse repurchase agreements 2,199 — 2,199 — (2,099 ) 100 Total assets 2,392 — 2,392 (133 ) (2,159 ) 100 Liabilities: Derivative liabilities subject to master netting arrangements 1,315 — 1,315 (133 ) (1,038 ) 144 Total liabilities $ 1,315 $ — $ 1,315 $ (133 ) $ (1,038 ) $ 144 December 30, 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 $ 350 $ — $ 350 $ (206 ) $ (130 ) $ 14 Reverse repurchase agreements 1,649 — 1,649 — (1,649 ) — Total assets 1,999 — 1,999 (206 ) (1,779 ) 14 Liabilities: Derivative liabilities subject to master netting arrangements 745 — 745 (206 ) (504 ) 35 Total liabilities $ 745 $ — $ 745 $ (206 ) $ (504 ) $ 35 |
Offsetting 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: September 29, 2018 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 $ 193 $ — $ 193 $ (133 ) $ (60 ) $ — Reverse repurchase agreements 2,199 — 2,199 — (2,099 ) 100 Total assets 2,392 — 2,392 (133 ) (2,159 ) 100 Liabilities: Derivative liabilities subject to master netting arrangements 1,315 — 1,315 (133 ) (1,038 ) 144 Total liabilities $ 1,315 $ — $ 1,315 $ (133 ) $ (1,038 ) $ 144 December 30, 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 $ 350 $ — $ 350 $ (206 ) $ (130 ) $ 14 Reverse repurchase agreements 1,649 — 1,649 — (1,649 ) — Total assets 1,999 — 1,999 (206 ) (1,779 ) 14 Liabilities: Derivative liabilities subject to master netting arrangements 745 — 745 (206 ) (504 ) 35 Total liabilities $ 745 $ — $ 745 $ (206 ) $ (504 ) $ 35 |
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 Nine Months Ended (In Millions) Location of Gains (Losses) Recognized in Income on Derivatives Sep 29, Sep 30, Sep 29, Sep 30, Foreign currency contracts Interest and other, net $ (1 ) $ (91 ) $ 268 $ (521 ) Interest rate contracts Interest and other, net 3 (3 ) 22 (4 ) Other Various 53 40 49 135 Total $ 55 $ (54 ) $ 339 $ (390 ) |
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 Nine Months Ended (In Millions) Sep 29, Sep 30, Sep 29, Sep 30, Interest rate contracts $ (230 ) $ (15 ) $ (601 ) $ 67 Hedged items 230 15 601 (67 ) Total $ — $ — $ — $ — |
Employee Equity Incentive Pla_2
Employee Equity Incentive Plans (Tables) | 9 Months Ended |
Sep. 29, 2018 | |
Employee Benefits and Share-based Compensation, Noncash [Abstract] | |
Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block] | Restricted stock unit activity in the first nine months of 2018 was as follows: Number of RSUs (In Millions) Weighted Average Grant-Date Fair Value December 30, 2017 100.4 $ 32.36 Granted 33.7 $ 49.33 Vested (36.4 ) $ 31.07 Forfeited (6.2 ) $ 35.60 September 29, 2018 91.5 $ 38.90 |
Recent Accounting Standards (De
Recent Accounting Standards (Details) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||||
Sep. 29, 2018 | Sep. 30, 2017 | Sep. 29, 2018 | Sep. 30, 2017 | Dec. 30, 2017 | Dec. 31, 2016 | Dec. 31, 2017 | |
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||||
Cost Method Investments | $ 2,878 | $ 2,878 | $ 2,613 | ||||
Accounts Receivable, Net, Current | 5,457 | 5,457 | 5,607 | ||||
Inventory, Net | 7,401 | 7,401 | 6,983 | ||||
Other Assets, Current | 3,546 | 3,546 | 2,908 | ||||
Equity Investments | 7,551 | 7,551 | 8,579 | ||||
Marketable Securities | 3,039 | 3,039 | 4,192 | ||||
Other Assets, Noncurrent | 3,955 | 3,955 | 3,215 | ||||
Deferred income | 0 | 0 | 1,656 | ||||
Other Liabilities, Current | 9,835 | 9,835 | 7,535 | ||||
Deferred income taxes | 1,485 | 1,485 | 3,046 | ||||
Accumulated Other Comprehensive Income (Loss), Net of Tax | (1,103) | (1,103) | 862 | ||||
Retained Earnings (Accumulated Deficit) | 47,094 | 47,094 | 42,083 | ||||
Net revenue | 19,163 | $ 16,149 | 52,191 | $ 45,708 | |||
Cost of Goods and Services Sold | 6,803 | 6,085 | 19,681 | 17,388 | |||
Gross margin | 12,360 | 10,064 | 32,510 | 28,320 | |||
Selling, General and Administrative Expense | 1,605 | 1,661 | 5,230 | 5,610 | |||
Operating income | 7,349 | 5,141 | 17,092 | 12,615 | |||
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | 7,142 | 5,930 | 17,682 | 14,317 | |||
Income Tax Expense (Benefit) | 744 | 1,414 | 1,824 | 4,029 | |||
Net income | 6,398 | $ 4,516 | 15,858 | 10,288 | |||
Calculated under Revenue Guidance in Effect before Topic 606 [Member] | |||||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||||
Accounts Receivable, Net, Current | 5,903 | 5,903 | |||||
Inventory, Net | 7,424 | 7,424 | |||||
Other Assets, Current | 3,550 | 3,550 | |||||
Deferred income | 1,668 | 1,668 | |||||
Other Liabilities, Current | 9,501 | 9,501 | |||||
Deferred income taxes | 1,345 | 1,345 | |||||
Retained Earnings (Accumulated Deficit) | 46,373 | 46,373 | |||||
Net revenue | 19,281 | 51,925 | |||||
Cost of Goods and Services Sold | 6,849 | 19,545 | |||||
Gross margin | 12,432 | 32,380 | |||||
Selling, General and Administrative Expense | 1,605 | 5,160 | |||||
Operating income | 7,421 | 17,032 | |||||
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | 7,214 | 17,622 | |||||
Income Tax Expense (Benefit) | 764 | 1,820 | |||||
Net income | 6,450 | 15,802 | |||||
Accounting Standards Update 2014-09 [Member] | |||||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||||
Accounts Receivable, Net, Current | (530) | ||||||
Inventory, Net | 47 | ||||||
Other Assets, Current | 64 | ||||||
Deferred income | (1,356) | ||||||
Other Liabilities, Current | 81 | ||||||
Deferred income taxes | 191 | ||||||
Retained Earnings (Accumulated Deficit) | 665 | ||||||
Accounting Standards Update 2014-09 [Member] | Difference between Revenue Guidance in Effect before and after Topic 606 [Member] | |||||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||||
Accounts Receivable, Net, Current | 446 | 446 | |||||
Inventory, Net | 23 | 23 | |||||
Other Assets, Current | 4 | 4 | |||||
Deferred income | 1,668 | 1,668 | |||||
Other Liabilities, Current | (334) | (334) | |||||
Deferred income taxes | (140) | (140) | |||||
Retained Earnings (Accumulated Deficit) | (721) | (721) | |||||
Net revenue | 118 | (266) | |||||
Cost of Goods and Services Sold | 46 | (136) | |||||
Gross margin | 72 | (130) | |||||
Selling, General and Administrative Expense | 0 | (70) | |||||
Operating income | 72 | (60) | |||||
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | 72 | (60) | |||||
Income Tax Expense (Benefit) | 20 | (4) | |||||
Net income | $ 52 | (56) | |||||
Accounting Standards Update 2016-01 [Member] | |||||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||||
Equity Investments | 8,579 | ||||||
Marketable Securities | (4,192) | ||||||
Other Assets, Noncurrent | (4,387) | ||||||
Accumulated Other Comprehensive Income (Loss), Net of Tax | (1,745) | ||||||
Retained Earnings (Accumulated Deficit) | 1,745 | ||||||
Adjustments for New Accounting Pronouncement [Member] | |||||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||||
Other Assets, Current | (8) | ||||||
Other Assets, Noncurrent | (43) | ||||||
Deferred income taxes | (20) | ||||||
Accumulated Other Comprehensive Income (Loss), Net of Tax | (45) | ||||||
Retained Earnings (Accumulated Deficit) | 14 | ||||||
Previously Reported [Member] | |||||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||||
Equity Investments | 0 | ||||||
Marketable Securities | 4,192 | ||||||
Other Assets, Noncurrent | 7,602 | ||||||
Other Liabilities, Current | 7,535 | ||||||
Deferred income taxes | 3,046 | ||||||
Restatement Adjustment [Member] | |||||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||||
Accounts Receivable, Net, Current | $ 5,077 | ||||||
Inventory, Net | 7,030 | ||||||
Other Assets, Current | 2,964 | ||||||
Equity Investments | 8,579 | ||||||
Marketable Securities | 0 | ||||||
Other Assets, Noncurrent | 3,172 | ||||||
Deferred income | 300 | ||||||
Other Liabilities, Current | 7,616 | ||||||
Deferred income taxes | 3,217 | ||||||
Accumulated Other Comprehensive Income (Loss), Net of Tax | (928) | ||||||
Retained Earnings (Accumulated Deficit) | $ 44,507 | ||||||
Nonoperating Income (Expense) [Member] | Adjustments for New Accounting Pronouncement [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 | $ 114 | $ 259 | |||||
Other than Securities Investment [Member] | |||||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||||
Impairments of non-marketable equity securities | $ 372 | $ 613 |
Business Segments (Detail)
Business Segments (Detail) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended | |||
Sep. 29, 2018 | Sep. 30, 2017 | Sep. 29, 2018 | Sep. 30, 2017 | Dec. 30, 2017 | |
Segment Reporting Information [Line Items] | |||||
Goodwill reallocated | $ 24,506 | $ 24,506 | $ 24,389 | ||
Net revenue | 19,163 | $ 16,149 | 52,191 | $ 45,708 | |
Operating Income (Loss) | 7,349 | 5,141 | 17,092 | 12,615 | |
Platform [Member] | |||||
Segment Reporting Information [Line Items] | |||||
Net revenue | 15,515 | 13,251 | 42,583 | 37,433 | |
DCG Platform [Member] | |||||
Segment Reporting Information [Line Items] | |||||
Net revenue | 5,637 | 4,439 | 15,561 | 12,344 | |
Other Product Or Service [Member] | |||||
Segment Reporting Information [Line Items] | |||||
Net revenue | 3,648 | 2,898 | 9,608 | 7,741 | |
Client Computing Group [Member] | |||||
Segment Reporting Information [Line Items] | |||||
Net revenue | 10,234 | 8,860 | 27,182 | 25,049 | |
Operating Income (Loss) | 4,532 | 3,600 | 10,557 | 9,656 | |
Client Computing Group [Member] | Platform [Member] | |||||
Segment Reporting Information [Line Items] | |||||
Net revenue | 9,023 | 8,132 | 24,703 | 23,163 | |
Client Computing Group [Member] | Other Product Or Service [Member] | |||||
Segment Reporting Information [Line Items] | |||||
Net revenue | 1,211 | 728 | 2,479 | 1,886 | |
Data Center Group [Member] | |||||
Segment Reporting Information [Line Items] | |||||
Net revenue | 6,139 | 4,878 | 16,922 | 13,482 | |
Operating Income (Loss) | 3,082 | 2,255 | 8,421 | 5,403 | |
Data Center Group [Member] | Other Product Or Service [Member] | |||||
Segment Reporting Information [Line Items] | |||||
Net revenue | 502 | 439 | 1,361 | 1,138 | |
Internet of Things Group [Member] | |||||
Segment Reporting Information [Line Items] | |||||
Net revenue | 919 | 849 | 2,639 | 2,290 | |
Operating Income (Loss) | 321 | 146 | 791 | 390 | |
Internet of Things Group [Member] | Platform [Member] | |||||
Segment Reporting Information [Line Items] | |||||
Net revenue | 855 | 680 | 2,319 | 1,926 | |
Internet of Things Group [Member] | Other Product Or Service [Member] | |||||
Segment Reporting Information [Line Items] | |||||
Net revenue | 64 | 169 | 320 | 364 | |
Non-Volatile Memory Solutions Group [Member] | |||||
Segment Reporting Information [Line Items] | |||||
Net revenue | 1,081 | 891 | 3,200 | 2,631 | |
Operating Income (Loss) | 160 | (52) | 14 | (291) | |
Programmable Solutions Group [Member] | |||||
Segment Reporting Information [Line Items] | |||||
Net revenue | 496 | 469 | 1,511 | 1,334 | |
Operating Income (Loss) | 106 | 113 | 304 | 302 | |
All other [Member] | |||||
Segment Reporting Information [Line Items] | |||||
Net revenue | 294 | 202 | 737 | 922 | |
Operating Income (Loss) | (852) | $ (921) | (2,995) | $ (2,845) | |
Reallocated [Member] | Internet of Things Group [Member] | |||||
Segment Reporting Information [Line Items] | |||||
Goodwill reallocated | $ 480 | $ 480 |
Product Information (Detail)
Product Information (Detail) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended | ||
Sep. 29, 2018 | Sep. 30, 2017 | Sep. 29, 2018 | Sep. 30, 2017 | |
Revenue from External Customer [Line Items] | ||||
Net revenue | $ 19,163 | $ 16,149 | $ 52,191 | $ 45,708 |
Desktop Platform [Member] | ||||
Revenue from External Customer [Line Items] | ||||
Net revenue | 3,225 | 2,967 | 9,087 | 8,598 |
Notebook Platform [Member] | ||||
Revenue from External Customer [Line Items] | ||||
Net revenue | 5,774 | 5,123 | 15,549 | 14,437 |
DCG Platform [Member] | ||||
Revenue from External Customer [Line Items] | ||||
Net revenue | 5,637 | 4,439 | 15,561 | 12,344 |
Other Platform [Member] | ||||
Revenue from External Customer [Line Items] | ||||
Net revenue | 879 | 722 | 2,386 | 2,054 |
Platform [Member] | ||||
Revenue from External Customer [Line Items] | ||||
Net revenue | 15,515 | 13,251 | 42,583 | 37,433 |
Other Product Or Service [Member] | ||||
Revenue from External Customer [Line Items] | ||||
Net revenue | 3,648 | 2,898 | 9,608 | 7,741 |
Intel Security Group [Member] | Other Product Or Service [Member] | ||||
Revenue from External Customer [Line Items] | ||||
Net revenue | $ 0 | $ 0 | $ 0 | $ 534 |
Earnings Per Share (Detail)
Earnings Per Share (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions | 3 Months Ended | 9 Months Ended | ||
Sep. 29, 2018 | Sep. 30, 2017 | Sep. 29, 2018 | Sep. 30, 2017 | |
Earnings Per Share [Abstract] | ||||
Net income | $ 6,398 | $ 4,516 | $ 15,858 | $ 10,288 |
Weighted average shares of common stock outstanding – basic | 4,574 | 4,688 | 4,632 | 4,707 |
Dilutive effect of employee equity incentive plans (shares) | 40 | 34 | 52 | 43 |
Dilutive effect of convertible debt (shares) | 34 | 99 | 44 | 99 |
Weighted average shares of common stock outstanding – diluted | 4,648 | 4,821 | 4,728 | 4,849 |
Earnings per share - Basic (in dollars per share) | $ 1.40 | $ 0.96 | $ 3.42 | $ 2.19 |
Earnings per share - Diluted (in dollars per share) | $ 1.38 | $ 0.94 | $ 3.35 | $ 2.12 |
Contract Liabilities (Details)
Contract Liabilities (Details) - USD ($) $ in Millions | 9 Months Ended | |
Sep. 29, 2018 | Dec. 31, 2017 | |
Capitalized Contract Cost [Line Items] | ||
Contract with Customer, Liability | $ 2,785 | $ 300 |
Contract with Customer, Liability, Cumulative Catch-up Adjustment to Revenue, Change in Estimate of Transaction Price | 2,753 | |
Contract with Customer, Asset, Gross | $ 4,800 | |
Percent of contract liabilities to be realized in the future | 2.00% | |
Accounting Standards Update 2014-09 [Member] | Restatement Adjustment [Member] | ||
Capitalized Contract Cost [Line Items] | ||
Customer Advances and Deposits | $ 1,000 | |
Prepaid Supply Agreements [Member] | ||
Capitalized Contract Cost [Line Items] | ||
Contract with Customer, Liability | 2,692 | 105 |
Contract with Customer, Liability, Revenue Recognized | (166) | |
Software, Services and Other [Member] | ||
Capitalized Contract Cost [Line Items] | ||
Contract with Customer, Liability | $ 93 | $ 195 |
Other Financial Statement Det_3
Other Financial Statement Details Inventories (Details) - USD ($) $ in Millions | Sep. 29, 2018 | Dec. 30, 2017 |
Inventory, Net [Abstract] | ||
Raw materials | $ 932 | $ 738 |
Work in process | 4,507 | 4,213 |
Finished goods | 1,962 | 2,032 |
Total inventories | $ 7,401 | $ 6,983 |
Other Financial Statement Det_4
Other Financial Statement Details Interest and Other, Net (Details) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended | ||
Sep. 29, 2018 | Sep. 30, 2017 | Sep. 29, 2018 | Sep. 30, 2017 | |
Other Nonoperating Income (Expense) [Abstract] | ||||
Interest income | $ 109 | $ 137 | $ 308 | $ 349 |
Interest expense | (109) | (191) | (337) | (493) |
Other, net | (132) | (3) | 254 | 406 |
Total interest and other, net | (132) | (57) | 225 | 262 |
Interest Costs Capitalized | (142) | $ (77) | (381) | (212) |
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal | $ 494 | 497 | 387 | |
Extinguishment of Debt, Amount | 793 | |||
Loss on debt conversion and extinguishment | $ 211 | $ 0 |
Income Taxes (Details)
Income Taxes (Details) | 9 Months Ended | |
Sep. 29, 2018 | Sep. 30, 2017 | |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||
Effective Income Tax Rate Reconciliation, Percent | 10.30% | 28.10% |
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | 21.00% | 35.00% |
Effective Income Tax Rate Reconciliation, Change in Enacted Tax Rate, Percent | 9.00% | |
Effective Income Tax Rate Reconciliation, Foreign-Derived Intangible Income, Percent | 4.00% | |
Effective Income Tax Rate Reconciliation, low-taxed intangible income and repeal of domestic manufacturing deduction, individual impact, percent | (1.00%) | |
Effective Income Tax Rate Reconciliation, Change in provisional tax estimates, Percent | 2.00% | |
Intel Security Group [Member] | ||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||
Effective Income Tax Rate Reconciliation, Disposition of Business, Percent | 5.00% |
Investments, Trading Assets (De
Investments, Trading Assets (Detail) - Debt Securities [Member] - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended | ||
Sep. 29, 2018 | Sep. 30, 2017 | Sep. 29, 2018 | Sep. 30, 2017 | |
Schedule Of Trading Securities And Other Trading Assets [Line Items] | ||||
Debt Securities, Trading, Unrealized Gain (Loss) | $ (4) | $ 81 | $ (169) | $ 433 |
Unrealized Gain (Loss) on Derivatives | $ (11) | $ (75) | $ 159 | $ (402) |
Investments, Available-for-Sale
Investments, Available-for-Sale Debt Investments (Detail) - USD ($) $ in Millions | Sep. 29, 2018 | Dec. 30, 2017 |
Debt Securities, Available-for-sale [Line Items] | ||
Adjusted Cost | $ 7,234 | $ 6,642 |
Gross Unrealized Gains | 5 | 7 |
Gross Unrealized Losses | 61 | 28 |
Fair Value | 7,178 | 6,621 |
Due in 1 year or less | 3,138 | |
Due in 1–2 years | 782 | |
Due in 2–5 years | 2,662 | |
Due after 5 years | 118 | |
Instruments not due at a single maturity date | 478 | |
Corporate Debt Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Adjusted Cost | 2,647 | 2,294 |
Gross Unrealized Gains | 2 | 4 |
Gross Unrealized Losses | 29 | 13 |
Fair Value | 2,620 | 2,285 |
Fixed Income Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Adjusted Cost | 3,647 | 3,387 |
Gross Unrealized Gains | 3 | 3 |
Gross Unrealized Losses | 18 | 9 |
Fair Value | 3,632 | 3,381 |
Government Debt [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Adjusted Cost | 940 | 961 |
Gross Unrealized Gains | 0 | 0 |
Gross Unrealized Losses | 14 | 6 |
Fair Value | $ 926 | $ 955 |
Investments, Equity Investments
Investments, Equity Investments (Details) $ in Millions, ¥ in Billions | 3 Months Ended | 9 Months Ended | |||||
Sep. 29, 2018USD ($) | Sep. 30, 2017USD ($) | Sep. 29, 2018USD ($) | Sep. 30, 2017USD ($) | Sep. 29, 2018CNY (¥) | Sep. 29, 2018USD ($) | Dec. 30, 2017USD ($) | |
Schedule of Investments [Line Items] | |||||||
Marketable Securities | $ 3,039 | $ 4,192 | |||||
Cost Method Investments | 2,878 | 2,613 | |||||
Equity Method Investments | 1,634 | 1,774 | |||||
Equity Investments | 7,551 | 8,579 | |||||
Gain (loss) on initial market adjustment | $ 0 | $ 46 | |||||
Mark to market on marketable equity securities1 | 8 | 379 | |||||
Observable price adjustments on non-marketable | 43 | 191 | |||||
Impairments | (328) | $ (10) | (372) | $ (613) | |||
Share of equity method investee gains (losses) | 0 | (110) | (152) | (129) | |||
Other Net Equity Investments | 144 | 22 | 166 | 94 | |||
Gain (Loss) on Investments | (75) | 846 | 365 | 1,440 | |||
Net gains (losses) recognized during the period on equity securities | (75) | 518 | |||||
Less: Net (gains) losses recognized during the period on equity securities sold during the period | (225) | (463) | |||||
Unrealized gains (losses) recognized during the reporting period on equity securities still held at the reporting date | (300) | 55 | |||||
Cloudera, Inc [Member] | |||||||
Schedule of Investments [Line Items] | |||||||
Impairments | (278) | ||||||
Beijing UniSpreadtrum Technology Ltd. [Member] | Subject To Regulatory Approvals And Other Closing Conditions [Member] | |||||||
Schedule of Investments [Line Items] | |||||||
Cost Method Investments | ¥ 9 | $ 1,500 | |||||
Cost Method Investment, Ownership Percentage | 20.00% | 20.00% | |||||
Beijing UniSpreadtrum Technology Ltd Phase One [Member] | |||||||
Schedule of Investments [Line Items] | |||||||
Cost Method Investments | $ 966 | ||||||
Impairments | (308) | ||||||
IM Flash Technologies, LLC [Member] | |||||||
Schedule of Investments [Line Items] | |||||||
Equity Method Investments | $ 1,600 | $ 1,500 | |||||
Related Party Transaction, Purchases from Related Party | 97 | 115 | 324 | 350 | |||
Equity Securities [Member] | |||||||
Schedule of Investments [Line Items] | |||||||
Gain (Loss) on Investments, Excluding Other than Temporary Impairments | 57 | 944 | 68 | 2,020 | |||
Investment Income, Dividend | $ 1 | $ 0 | $ 39 | $ 68 |
Investments, Equity Method Inve
Investments, Equity Method Investments (Detail) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended | |||
Sep. 29, 2018 | Sep. 30, 2017 | Sep. 29, 2018 | Sep. 30, 2017 | Dec. 30, 2017 | |
Schedule of Equity Method Investments [Line Items] | |||||
Carrying Value, equity method investments | $ 1,634 | $ 1,634 | $ 1,774 | ||
IM Flash Technologies, LLC [Member] | |||||
Schedule of Equity Method Investments [Line Items] | |||||
Ownership Percentage | 49.00% | 49.00% | |||
Percentage Of Purchase Commitment Of Production Output And Production Related Services | 49.00% | 49.00% | |||
Related Party Transaction, Purchases from Related Party | $ 97 | $ 115 | $ 324 | $ 350 | |
Due from Joint Ventures | 359 | 359 | |||
Impairment charge recognized on equity method investment | 290 | ||||
Carrying Value, equity method investments | $ 1,600 | $ 1,600 | $ 1,500 |
Identified Intangible Assets, F
Identified Intangible Assets, Finite-Lived Intangible Assets (Detail) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended | |||
Sep. 29, 2018 | Sep. 30, 2017 | Sep. 29, 2018 | Sep. 30, 2017 | Dec. 30, 2017 | |
Finite Lived Intangible Assets [Line Items] | |||||
Gross Assets, Subject to Amortization | $ 14,842 | $ 14,842 | $ 14,211 | ||
Accumulated Amortization | (4,724) | (4,724) | (3,634) | ||
Net | 10,118 | 10,118 | 10,577 | ||
Amortization of acquisition-related intangibles | 50 | $ 49 | 150 | $ 124 | |
Amortization of intangibles | 390 | 365 | 1,172 | 999 | |
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract] | |||||
Future Amortization Expense, Remainder of 2018 | 393 | 393 | |||
Future Amortization Expense, 2019 | 1,555 | 1,555 | |||
Future Amortization Expense, 2020 | 1,491 | 1,491 | |||
Future Amortization Expense, 2021 | 1,444 | 1,444 | |||
Future Amortization Expense, 2022 | 1,378 | 1,378 | |||
Gross Assets, Not Subject to Amortization | 1,889 | 1,889 | 2,168 | ||
Acquisition-related Developed Technology [Member] | |||||
Finite Lived Intangible Assets [Line Items] | |||||
Gross Assets, Subject to Amortization | 9,611 | 9,611 | 8,912 | ||
Accumulated Amortization | (2,742) | (2,742) | (1,922) | ||
Net | 6,869 | 6,869 | 6,990 | ||
Cost, Amortization | 276 | 243 | 826 | 650 | |
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract] | |||||
Future Amortization Expense, Remainder of 2018 | 279 | 279 | |||
Future Amortization Expense, 2019 | 1,114 | 1,114 | |||
Future Amortization Expense, 2020 | 1,082 | 1,082 | |||
Future Amortization Expense, 2021 | 1,047 | 1,047 | |||
Future Amortization Expense, 2022 | 1,008 | 1,008 | |||
Acquisition-related Customer Relationships [Member] | |||||
Finite Lived Intangible Assets [Line Items] | |||||
Gross Assets, Subject to Amortization | 2,036 | 2,036 | 2,052 | ||
Accumulated Amortization | (433) | (433) | (313) | ||
Net | 1,603 | 1,603 | 1,739 | ||
Amortization of acquisition-related intangibles | 45 | 45 | 135 | 113 | |
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract] | |||||
Future Amortization Expense, Remainder of 2018 | 45 | 45 | |||
Future Amortization Expense, 2019 | 180 | 180 | |||
Future Amortization Expense, 2020 | 179 | 179 | |||
Future Amortization Expense, 2021 | 179 | 179 | |||
Future Amortization Expense, 2022 | 171 | 171 | |||
Acquisition-related Brands [Member] | |||||
Finite Lived Intangible Assets [Line Items] | |||||
Gross Assets, Subject to Amortization | 143 | 143 | 143 | ||
Accumulated Amortization | (44) | (44) | (29) | ||
Net | 99 | 99 | 114 | ||
Amortization of acquisition-related intangibles | 5 | 4 | 15 | 11 | |
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract] | |||||
Future Amortization Expense, Remainder of 2018 | 5 | 5 | |||
Future Amortization Expense, 2019 | 20 | 20 | |||
Future Amortization Expense, 2020 | 20 | 20 | |||
Future Amortization Expense, 2021 | 20 | 20 | |||
Future Amortization Expense, 2022 | 6 | 6 | |||
Licensed Technology and Patents [Member] | |||||
Finite Lived Intangible Assets [Line Items] | |||||
Gross Assets, Subject to Amortization | 3,052 | 3,052 | 3,104 | ||
Accumulated Amortization | (1,505) | (1,505) | (1,370) | ||
Net | 1,547 | 1,547 | $ 1,734 | ||
Cost, Amortization | 64 | $ 73 | 196 | $ 225 | |
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract] | |||||
Future Amortization Expense, Remainder of 2018 | 64 | 64 | |||
Future Amortization Expense, 2019 | 241 | 241 | |||
Future Amortization Expense, 2020 | 210 | 210 | |||
Future Amortization Expense, 2021 | 198 | 198 | |||
Future Amortization Expense, 2022 | 193 | 193 | |||
Other Intangible Assets [Member] | |||||
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract] | |||||
Gross Assets, Not Subject to Amortization | $ 392 | $ 392 |
Identified Intangible Assets, I
Identified Intangible Assets, Indefinite-Lived Intangible Asset (Detail) - USD ($) $ in Millions | Sep. 29, 2018 | Dec. 30, 2017 |
Indefinite-lived Intangible Assets [Line Items] | ||
Gross Assets, Not Subject to Amortization | $ 1,889 | $ 2,168 |
In Process Research and Development [Member] | ||
Indefinite-lived Intangible Assets [Line Items] | ||
Gross Assets, Not Subject to Amortization | 1,497 | $ 2,168 |
Other Intangible Assets [Member] | ||
Indefinite-lived Intangible Assets [Line Items] | ||
Gross Assets, Not Subject to Amortization | $ 392 |
Identified Intangible Assets, T
Identified Intangible Assets, Total Intangible Assets (Detail) - USD ($) $ in Millions | Sep. 29, 2018 | Dec. 30, 2017 |
Intangible Assets, Net (Excluding Goodwill) [Abstract] | ||
Identified intangible assets, gross | $ 16,731 | $ 16,379 |
Identified intangible assets, net | $ 12,007 | $ 12,745 |
Other Long-Term Assets (Detail)
Other Long-Term Assets (Detail) - USD ($) $ in Millions | Sep. 29, 2018 | Dec. 30, 2017 |
Other Assets, Noncurrent Disclosure [Abstract] | ||
Non-current deferred tax assets | $ 1,011 | $ 840 |
Prepaid Expense Other, Noncurrent | 1,383 | 714 |
Loans receivable | 544 | 860 |
Other | 1,017 | 801 |
Total other long-term assets | $ 3,955 | $ 3,215 |
Borrowings Borrowings, Narrativ
Borrowings Borrowings, Narrative (Details) - USD ($) | 9 Months Ended | |
Sep. 29, 2018 | Sep. 30, 2017 | |
Debt Instrument [Line Items] | ||
Loss on satisfaction of convertible debt obligations | $ (211,000,000) | $ 0 |
Junior subordinated debt | 3.25% junior subordinated 2039 convertible debenture | ||
Debt Instrument [Line Items] | ||
Repayments of subordinated debt | 1,900,000,000 | |
Repurchased face amount | 793,000,000 | |
Debt instrument, face amount | $ 2,000,000,000 | |
Interest rate | 3.25% | |
Loss on satisfaction of convertible debt obligations | $ 211,000,000 | |
Reduction in stockholders' equity related to conversion feature | 1,300,000,000 | |
Unsecured general obligations | Arizona bonds | ||
Debt Instrument [Line Items] | ||
Debt instrument, face amount | $ 423,000,000 | |
Unsecured general obligations | Arizona bonds | Minimum | ||
Debt Instrument [Line Items] | ||
Interest rate | 2.40% | |
Unsecured general obligations | Arizona bonds | Maximum | ||
Debt Instrument [Line Items] | ||
Interest rate | 2.70% |
Fair Value (Detail)
Fair Value (Detail) - USD ($) $ in Millions | Sep. 29, 2018 | Dec. 30, 2017 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Reverse repurchase agreements | $ 2,199 | $ 1,649 |
Trading assets, Fair Value Disclosure | 7,138 | 8,755 |
Derivative assets, Fair Value Disclosure | 193 | 350 |
Derivative liabilities, Fair Value Disclosure | 1,315 | 745 |
Cost Method Investments | 2,878 | 2,613 |
Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets, Fair Value Disclosure | 20,099 | 21,970 |
Liabilities, Fair Value Disclosure | 1,331 | 757 |
Fair Value, Measurements, Nonrecurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Grants & loans Receivable, Reverse repurchase agreements, CV | 1,100 | 935 |
Short-term and Long-term Debt, Fair Value | 29,300 | 29,400 |
Cost Method Investments | 2,600 | |
Cost Method Investments, Fair Value Disclosure | 3,600 | |
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 | 2,562 | 2,842 |
Fixed Income 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 | 1,328 | 1,123 |
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 | 3,248 | 4,788 |
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 | 2 |
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 | 3,039 | 4,192 |
Cash Equivalents [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Reverse repurchase agreements | 1,949 | 1,399 |
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 | 179 | 30 |
Cash Equivalents [Member] | Fixed Income Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investments, Fair Value Disclosure | 796 | 975 |
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 | 90 |
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 | 573 | 675 |
Short-Term Investments [Member] | Fixed Income Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investments, Fair Value Disclosure | 1,740 | 1,009 |
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 | 328 | 130 |
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 | 150 | 279 |
Loans receivable, Fair Value Disclosure | 304 | 30 |
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 | 1,868 | 1,580 |
Other Long-Term Investments [Member] | Fixed Income Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investments, Fair Value Disclosure | 1,096 | 1,397 |
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 | 598 | 735 |
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 | 47 | 84 |
Loans receivable, Fair Value Disclosure | 294 | 610 |
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 | 464 | 454 |
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 | 867 | 303 |
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 | 3,574 | 4,572 |
Liabilities, Fair Value Disclosure | 0 | 0 |
Level 1 [Member] | Corporate Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Trading assets, Fair Value Disclosure | 0 | 0 |
Level 1 [Member] | Fixed Income Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Trading assets, Fair Value Disclosure | 29 | 59 |
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 | 28 | 30 |
Level 1 [Member] | Asset-Backed Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Trading assets, Fair Value Disclosure | 0 | 0 |
Level 1 [Member] | Marketable Equity Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investments, Fair Value Disclosure | 3,039 | 4,148 |
Level 1 [Member] | Cash Equivalents [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
Level 1 [Member] | Cash Equivalents [Member] | Corporate Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Level 1 [Member] | Cash Equivalents [Member] | Fixed Income Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investments, Fair Value Disclosure | 478 | 335 |
Level 1 [Member] | Cash Equivalents [Member] | Government Debt [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Level 1 [Member] | Short-Term Investments [Member] | Corporate Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Level 1 [Member] | Short-Term Investments [Member] | Fixed Income Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Level 1 [Member] | Short-Term Investments [Member] | Government Debt [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Level 1 [Member] | Other Current Assets [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative assets, Fair Value Disclosure | 0 | 0 |
Loans receivable, Fair Value Disclosure | 0 | 0 |
Level 1 [Member] | Other Long-Term Investments [Member] | Corporate Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Level 1 [Member] | Other Long-Term Investments [Member] | Fixed Income Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Level 1 [Member] | Other Long-Term Investments [Member] | Government Debt [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Level 1 [Member] | Other Long-Term Assets [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative assets, Fair Value Disclosure | 0 | 0 |
Loans receivable, Fair Value Disclosure | 0 | 0 |
Level 1 [Member] | Other Accrued Liabilities [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative liabilities, Fair Value Disclosure | 0 | 0 |
Level 1 [Member] | Other Long-Term Liabilities [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative liabilities, Fair Value Disclosure | 0 | 0 |
Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets, Fair Value Disclosure | 16,525 | 17,384 |
Liabilities, Fair Value Disclosure | 1,225 | 751 |
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 | 2,562 | 2,842 |
Level 2 [Member] | Fixed Income 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 | 1,299 | 1,064 |
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 | 3,220 | 4,758 |
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 | 0 | 2 |
Level 2 [Member] | Marketable Equity Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investments, Fair Value Disclosure | 0 | 44 |
Level 2 [Member] | Cash Equivalents [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Reverse repurchase agreements | 1,949 | 1,399 |
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 | 179 | 30 |
Level 2 [Member] | Cash Equivalents [Member] | Fixed Income Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investments, Fair Value Disclosure | 318 | 640 |
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 | 0 | 90 |
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 | 573 | 672 |
Level 2 [Member] | Short-Term Investments [Member] | Fixed Income Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investments, Fair Value Disclosure | 1,740 | 1,009 |
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 | 328 | 130 |
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 | 150 | 279 |
Loans receivable, Fair Value Disclosure | 304 | 30 |
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 | 1,868 | 1,576 |
Level 2 [Member] | Other Long-Term Investments [Member] | Fixed Income Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investments, Fair Value Disclosure | 1,096 | 1,397 |
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 | 598 | 735 |
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 | 47 | 77 |
Loans receivable, Fair Value Disclosure | 294 | 610 |
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 | 464 | 454 |
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 | 761 | 297 |
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 | 0 | 14 |
Liabilities, Fair Value Disclosure | 106 | 6 |
Level 3 [Member] | Corporate Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Trading assets, Fair Value Disclosure | 0 | 0 |
Level 3 [Member] | Fixed Income Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Trading assets, Fair Value Disclosure | 0 | 0 |
Level 3 [Member] | Government Debt [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Trading assets, Fair Value Disclosure | 0 | 0 |
Level 3 [Member] | Asset-Backed Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Trading assets, Fair Value Disclosure | 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 |
Level 3 [Member] | Cash Equivalents [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Reverse repurchase agreements | 0 | 0 |
Level 3 [Member] | Cash Equivalents [Member] | Corporate Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Level 3 [Member] | Cash Equivalents [Member] | Fixed Income Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Level 3 [Member] | Cash Equivalents [Member] | Government Debt [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Level 3 [Member] | Short-Term Investments [Member] | Corporate Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investments, Fair Value Disclosure | 0 | 3 |
Level 3 [Member] | Short-Term Investments [Member] | Fixed Income Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Level 3 [Member] | Short-Term Investments [Member] | Government Debt [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Level 3 [Member] | Other Current Assets [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative assets, Fair Value Disclosure | 0 | 0 |
Loans receivable, Fair Value Disclosure | 0 | 0 |
Level 3 [Member] | Other Long-Term Investments [Member] | Corporate Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investments, Fair Value Disclosure | 0 | 4 |
Level 3 [Member] | Other Long-Term Investments [Member] | Fixed Income Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Level 3 [Member] | Other Long-Term Investments [Member] | Government Debt [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Level 3 [Member] | Other Long-Term Assets [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative assets, Fair Value Disclosure | 0 | 7 |
Loans receivable, Fair Value Disclosure | 0 | 0 |
Level 3 [Member] | Other Accrued Liabilities [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative liabilities, Fair Value Disclosure | 0 | 0 |
Level 3 [Member] | Other Long-Term Liabilities [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative liabilities, Fair Value Disclosure | $ 106 | $ 6 |
Other Comprehensive Income (L_3
Other Comprehensive Income (Loss), Accumulated Other Comprehensive Income (Loss) (Detail) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||
Sep. 29, 2018 | Sep. 30, 2017 | Sep. 29, 2018 | Sep. 30, 2017 | Dec. 30, 2017 | Dec. 31, 2017 | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||
Accumulated Other Comprehensive Income (Loss), Net of Tax | $ (1,103) | $ (1,103) | $ 862 | |||
Other comprehensive income (loss) before reclassifications | (231) | |||||
Amounts reclassified out of accumulated other comprehensive income (loss) | 34 | $ (942) | 1 | $ (1,437) | ||
Tax effects | 55 | |||||
Other comprehensive income (loss) | (14) | 436 | (175) | 1,504 | ||
Unrealized holding gains (losses) on available-for-sale investments [Member] | ||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||
Accumulated other comprehensive income (loss) | 0 | 0 | 1,745 | $ 0 | ||
Other comprehensive income (loss) before reclassifications | 0 | |||||
Amounts reclassified out of accumulated other comprehensive income (loss) | 0 | |||||
Tax effects | 0 | |||||
Other comprehensive income (loss) | 0 | |||||
Unrealized holding gains (losses) on derivatives [Member] | ||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||
Accumulated other comprehensive income (loss) | (69) | (69) | 106 | 130 | ||
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification | 24 | |||||
Other comprehensive income (loss) before reclassifications | (203) | |||||
Amounts reclassified out of accumulated other comprehensive income (loss) | (55) | |||||
Tax effects | 59 | |||||
Other comprehensive income (loss) | (199) | |||||
Actuarial gains (losses) [Member] | ||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||
Accumulated other comprehensive income (loss) | (989) | (989) | (963) | (1,028) | ||
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification | (65) | |||||
Other comprehensive income (loss) before reclassifications | 3 | |||||
Amounts reclassified out of accumulated other comprehensive income (loss) | 0 | $ 18 | 48 | $ 46 | ||
Tax effects | (12) | |||||
Other comprehensive income (loss) | 39 | |||||
Foreign currency translation adjustment [Member] | ||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||
Accumulated other comprehensive income (loss) | (45) | (45) | (26) | (30) | ||
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification | (4) | |||||
Other comprehensive income (loss) before reclassifications | (31) | |||||
Amounts reclassified out of accumulated other comprehensive income (loss) | 8 | |||||
Tax effects | 8 | |||||
Other comprehensive income (loss) | (15) | |||||
Accumulated other comprehensive income (loss) [Member] | ||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||
Accumulated other comprehensive income (loss) | $ (1,103) | $ (1,103) | 862 | $ (928) | ||
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification | (1,790) | |||||
Accounting Standards Update 2016-01 [Member] | ||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||
Accumulated Other Comprehensive Income (Loss), Net of Tax | $ (1,745) |
Other Comprehensive Income (L_4
Other Comprehensive Income (Loss), Reclassification out of Accumulated Other Comprehensive Income (Detail) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended | ||
Sep. 29, 2018 | Sep. 30, 2017 | Sep. 29, 2018 | Sep. 30, 2017 | |
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||||
Gains (losses) on equity investments, net | $ (75) | $ 846 | $ 365 | $ 1,440 |
Income before taxes | 7,142 | 5,930 | 17,682 | 14,317 |
Cost of sales | (6,803) | (6,085) | (19,681) | (17,388) |
Research and development | (3,428) | (3,209) | (10,110) | (9,782) |
Marketing, general and administrative | (1,605) | (1,661) | (5,230) | (5,610) |
Interest and other, net | (132) | (3) | 254 | 406 |
Amounts reclassified out of accumulated other comprehensive income (loss) | (34) | 942 | (1) | 1,437 |
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months | (143) | |||
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) | 0 | |||
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 | 0 | 916 | 0 | 1,962 |
Income before taxes | 0 | 916 | 0 | 1,962 |
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) | 55 | |||
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 | (32) | 44 | 55 | 28 |
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 | 0 | 12 | 0 | 28 |
Cost of sales | (14) | (13) | 5 | (60) |
Research and development | (11) | 24 | 60 | 10 |
Marketing, general and administrative | (1) | 4 | 31 | (2) |
Interest and other, net | (6) | 17 | (41) | 52 |
Actuarial gains (losses) [Member] | ||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||||
Amounts reclassified out of accumulated other comprehensive income (loss) | 0 | (18) | (48) | (46) |
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) | 0 | (18) | (48) | (46) |
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 | $ (2) | $ (507) | $ (8) | $ 0 |
Derivative Financial Instrume_3
Derivative Financial Instruments (Detail) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
Sep. 29, 2018 | Sep. 30, 2017 | Sep. 29, 2018 | Sep. 30, 2017 | Dec. 30, 2017 | |
Notional Disclosures [Abstract] | |||||
Derivative, Notional Amount | $ 43,654 | $ 43,654 | $ 38,417 | ||
Offsetting Derivative Assets [Abstract] | |||||
Derivative Assets, Fair Value, Gross Amounts | 193 | 193 | 350 | ||
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 Amount Presented in the Balance Sheet | 193 | 193 | 350 | ||
Derivative Assets, Financial Instruments Not Offset in the Balance Sheet | (133) | (133) | (206) | ||
Derivative Assets, Cash Collateral Not Offset in the Balance Sheet | (60) | (60) | (130) | ||
Derivative Assets Subject to Master Netting Arrangements, Net Amount | 0 | 0 | 14 | ||
Reverse Repurchase Agreements, Gross Amounts Recognized | 2,199 | 2,199 | 1,649 | ||
Reverse Repurchase Agreements, Gross Amounts Offset In The Balance Sheet | 0 | 0 | 0 | ||
Reverse Repurchase Agreements, Net Amount Presented in the Balance Sheet | 2,199 | 2,199 | 1,649 | ||
Reverse Repurchase Agreements, Financial Instruments Not Offset in the Balance Sheet | 0 | 0 | 0 | ||
Reverse Repurchase Agreements, Cash Collateral Not Offset in the Balance Sheet | (2,099) | (2,099) | (1,649) | ||
Reverse Repurchase Agreements, Net Amount | 100 | 100 | 0 | ||
Total Assets, Gross Amounts Recognized | 2,392 | 2,392 | 1,999 | ||
Total Assets, Gross Amounts Offset in the Balance Sheet | 0 | 0 | 0 | ||
Total Assets, Net Amounts Presented in the Balance Sheet | 2,392 | 2,392 | 1,999 | ||
Total Assets, Financial Instruments, Not Offset in the Balance Sheet | (133) | (133) | (206) | ||
Total Assets, Cash and Non Cash Collateral, Not Offset in the Balance Sheet | (2,159) | (2,159) | (1,779) | ||
Total Assets, Net Amount | 100 | 100 | 14 | ||
Offsetting Derivative Liabilities [Abstract] | |||||
Derivative Liabilities, Fair Value, Gross Amounts | 1,315 | 1,315 | 745 | ||
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 Amount Presented in the Balance Sheet | 1,315 | 1,315 | 745 | ||
Derivative Liabilities, Financial Instruments Not Offset in the Balance Sheet | (133) | (133) | (206) | ||
Derivative Liabilities, Cash Collateral Not Offset in the Balance Sheet | (1,038) | (1,038) | (504) | ||
Derivative Liabilities Subject to Master Netting Arrangements, Net Amount | 144 | 144 | 35 | ||
Effect of Fair Value Hedges on Results of Operations [Abstract] | |||||
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge | 230 | $ 15 | 601 | $ (67) | |
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 | |
Assets | |||||
Offsetting Derivative Assets [Abstract] | |||||
Derivative Assets, Fair Value, Gross Amounts | 197 | 197 | 363 | ||
Liabilities | |||||
Offsetting Derivative Liabilities [Abstract] | |||||
Derivative Liabilities, Fair Value, Gross Amounts | 1,331 | 1,331 | 757 | ||
Designated as Hedging Instrument [Member] | Assets | |||||
Offsetting Derivative Assets [Abstract] | |||||
Derivative Assets, Fair Value, Gross Amounts | 59 | 59 | 284 | ||
Designated as Hedging Instrument [Member] | Liabilities | |||||
Offsetting Derivative Liabilities [Abstract] | |||||
Derivative Liabilities, Fair Value, Gross Amounts | 1,074 | 1,074 | 286 | ||
Not Designated as Hedging Instrument [Member] | |||||
Derivative Instruments Not Designated as Hedging Instruments [Abstract] | |||||
Gains (Losses) Recognized in Income On Derivatives | 55 | (54) | 339 | (390) | |
Not Designated as Hedging Instrument [Member] | Assets | |||||
Offsetting Derivative Assets [Abstract] | |||||
Derivative Assets, Fair Value, Gross Amounts | 138 | 138 | 79 | ||
Not Designated as Hedging Instrument [Member] | Liabilities | |||||
Offsetting Derivative Liabilities [Abstract] | |||||
Derivative Liabilities, Fair Value, Gross Amounts | 257 | 257 | 471 | ||
Foreign currency contracts | |||||
Notional Disclosures [Abstract] | |||||
Derivative, Notional Amount | 19,179 | 19,179 | 19,958 | ||
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net [Abstract] | |||||
Gains (Losses) Recognized in Other Comprehensive Income (Loss) on Derivatives (Effective Portion) | (69) | 83 | (203) | 528 | |
Foreign currency contracts | Designated as Hedging Instrument [Member] | Assets | |||||
Offsetting Derivative Assets [Abstract] | |||||
Derivative Assets, Fair Value, Gross Amounts | 59 | 59 | 283 | ||
Foreign currency contracts | Designated as Hedging Instrument [Member] | Liabilities | |||||
Offsetting Derivative Liabilities [Abstract] | |||||
Derivative Liabilities, Fair Value, Gross Amounts | 221 | 221 | 32 | ||
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 | (1) | (91) | 268 | (521) | |
Foreign currency contracts | Not Designated as Hedging Instrument [Member] | Assets | |||||
Offsetting Derivative Assets [Abstract] | |||||
Derivative Assets, Fair Value, Gross Amounts | 105 | 105 | 52 | ||
Foreign currency contracts | Not Designated as Hedging Instrument [Member] | Liabilities | |||||
Offsetting Derivative Liabilities [Abstract] | |||||
Derivative Liabilities, Fair Value, Gross Amounts | 236 | 236 | 447 | ||
Interest rate contracts | |||||
Notional Disclosures [Abstract] | |||||
Derivative, Notional Amount | 22,936 | 22,936 | 16,823 | ||
Effect of Fair Value Hedges on Results of Operations [Abstract] | |||||
Change in Unrealized Gain (Loss) on Fair Value Hedging Instruments | (230) | (15) | (601) | 67 | |
Interest rate contracts | Designated as Hedging Instrument [Member] | Assets | |||||
Offsetting Derivative Assets [Abstract] | |||||
Derivative Assets, Fair Value, Gross Amounts | 0 | 0 | 1 | ||
Interest rate contracts | Designated as Hedging Instrument [Member] | Liabilities | |||||
Offsetting Derivative Liabilities [Abstract] | |||||
Derivative Liabilities, Fair Value, Gross Amounts | 853 | 853 | 254 | ||
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 | 3 | (3) | 22 | (4) | |
Interest rate contracts | Not Designated as Hedging Instrument [Member] | Assets | |||||
Offsetting Derivative Assets [Abstract] | |||||
Derivative Assets, Fair Value, Gross Amounts | 31 | 31 | 18 | ||
Interest rate contracts | Not Designated as Hedging Instrument [Member] | Liabilities | |||||
Offsetting Derivative Liabilities [Abstract] | |||||
Derivative Liabilities, Fair Value, Gross Amounts | 21 | 21 | 24 | ||
Other | |||||
Notional Disclosures [Abstract] | |||||
Derivative, Notional Amount | 1,539 | 1,539 | 1,636 | ||
Other | Not Designated as Hedging Instrument [Member] | Various [Member] | |||||
Derivative Instruments Not Designated as Hedging Instruments [Abstract] | |||||
Gains (Losses) Recognized in Income On Derivatives | 53 | $ 40 | 49 | $ 135 | |
Other | Not Designated as Hedging Instrument [Member] | Assets | |||||
Offsetting Derivative Assets [Abstract] | |||||
Derivative Assets, Fair Value, Gross Amounts | 2 | 2 | 9 | ||
Other | Not Designated as Hedging Instrument [Member] | Liabilities | |||||
Offsetting Derivative Liabilities [Abstract] | |||||
Derivative Liabilities, Fair Value, Gross Amounts | 0 | 0 | 0 | ||
Interest Rate Swap [Member] | Long-term Debt [Member] | Fair Value Hedging [Member] | |||||
Derivative [Line Items] | |||||
Derivative, Amount of Hedged Item | 20,000 | 20,000 | 12,900 | ||
Derivative, Fair Value, Net | $ (19,159) | (19,159) | (12,653) | ||
Derivative Instruments Not Designated as Hedging Instruments [Abstract] | |||||
Gains (Losses) Recognized in Income On Derivatives | $ 853 | $ 252 |
Employee Equity Incentive Pla_3
Employee Equity Incentive Plans (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions | 3 Months Ended | 9 Months Ended | |||
Sep. 29, 2018 | Sep. 30, 2017 | Sep. 29, 2018 | Sep. 30, 2017 | Dec. 30, 2017 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||
Share-based Compensation Expense | $ 383 | $ 397 | $ 1,200 | $ 1,100 | |
Restricted Stock Units (RSUs) [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||
Share-based Compensation Arrangement, Fair Value of RSUs Vested in Period | 1,900 | ||||
Share-based Compensation Arrangement, Grant-date Fair Value of RSUs Vested in Period | $ 1,100 | ||||
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 | 100.4 | ||||
Number of RSUs granted | 33.7 | ||||
Number of RSUs vested | (36.4) | ||||
Number of RSUs forfeited | (6.2) | ||||
Number of RSUs outstanding, ending balance | 91.5 | 91.5 | |||
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) | $ 38.90 | $ 38.90 | $ 32.36 | ||
Weighted-average grant date fair value of granted RSUs (in dollars per share) | 49.33 | ||||
Weighted-average grant date fair value of vested RSUs (in dollars per share) | 31.07 | ||||
Weighted-average grant date fair value of forfeited RSUs (in dollars per share) | $ 35.60 | ||||
Stock Purchase Plan Rights [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||
Share-based Compensation Arrangement, Shares Issued | 14 | 15 | |||
Employee Purchases, Amount | $ 468 | $ 432 | |||
2006 Equity Incentive Plan [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||
Share-based Compensation Arrangement, Number of Shares Available for Grant | 187 | 187 | |||
2006 Stock Purchase Plan [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||
Share-based Compensation Arrangement, Number of Shares Available for Grant | 137 | 137 | |||
Share-based Compensation Arrangement, Percent of Purchase Price | 85.00% |
Contingencies (Detail)
Contingencies (Detail) $ / shares in Units, € in Billions, $ in Billions | 1 Months Ended | 9 Months Ended | |||
Jun. 30, 2012$ / shares | May 31, 2009USD ($) | May 31, 2009EUR (€) | Sep. 29, 2018lawsuit | Aug. 19, 2010$ / shares | |
Class Action [Domain] | Pending Litigation [Member] | |||||
Loss Contingencies [Line Items] | |||||
Loss Contingency, New Claims Filed, Number | 47 | ||||
Securities Class Action [Domain] | Pending Litigation [Member] | |||||
Loss Contingencies [Line Items] | |||||
Loss Contingency, New Claims Filed, Number | 3 | ||||
Shareholder Derivative Action [Member] | Pending Litigation [Member] | |||||
Loss Contingencies [Line Items] | |||||
Loss Contingency, New Claims Filed, Number | 7 | ||||
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 | |||
UNITED STATES | Class Action [Domain] | Pending Litigation [Member] | |||||
Loss Contingencies [Line Items] | |||||
Loss Contingency, New Claims Filed, Number | 43 | ||||
CANADA | Class Action [Domain] | Pending Litigation [Member] | |||||
Loss Contingencies [Line Items] | |||||
Loss Contingency, New Claims Filed, Number | 2 | ||||
ISRAEL | Class Action [Domain] | Pending Litigation [Member] | |||||
Loss Contingencies [Line Items] | |||||
Loss Contingency, New Claims Filed, Number | 2 |