Document and Entity Information
Document and Entity Information Document shares in Millions | 6 Months Ended |
Jun. 29, 2019shares | |
Cover page. | |
Title of 12(b) Security | Common stock, $0.001 par value |
Entity Incorporation, State or Country Code | DE |
Document Transition Report | false |
Document Quarterly Report | true |
Trading Symbol | INTC |
Entity Tax Identification Number | 94-1672743 |
Entity Registrant Name | INTEL CORPORATION |
City Area Code | (408) |
Local Phone Number | 765-8080 |
Entity Central Index Key | 0000050863 |
Current Fiscal Year End Date | --12-28 |
Entity Filer Category | Large Accelerated Filer |
Document Type | 10-Q |
Entity File Number | 000-06217 |
Document Period End Date | Jun. 29, 2019 |
Document Fiscal Year Focus | 2019 |
Document Fiscal Period Focus | Q2 |
Amendment Flag | false |
Entity Emerging Growth Company | false |
Entity Small Business | false |
Entity Common Stock, Shares Outstanding | 4,430 |
Entity Current Reporting Status | Yes |
Entity Shell Company | false |
Entity Address, Address Line One | 2200 Mission College Boulevard, |
Entity Address, State or Province | Santa Clara, |
Entity Address, State or Province | CA |
Entity Address, Postal Zip Code | 95054-1549 |
Security Exchange Name | NASDAQ |
Entity Current Reporting Status | Yes |
Consolidated Condensed Statemen
Consolidated Condensed Statements of Income - USD ($) shares in Millions, $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 29, 2019 | Jun. 30, 2018 | Jun. 29, 2019 | Jun. 30, 2018 | |
Income Statement [Abstract] | ||||
Net revenue | $ 16,505 | $ 16,962 | $ 32,566 | $ 33,028 |
Cost of sales | 6,627 | 6,543 | 13,599 | 12,878 |
Gross margin | 9,878 | 10,419 | 18,967 | 20,150 |
Research and development | 3,438 | 3,371 | 6,770 | 6,682 |
Marketing, general and administrative | 1,589 | 1,725 | 3,122 | 3,625 |
Restructuring and other charges | 184 | 0 | 184 | 0 |
Amortization of acquisition-related intangibles | 50 | 50 | 100 | 100 |
Operating expenses | 5,261 | 5,146 | 10,176 | 10,407 |
Operating income | 4,617 | 5,273 | 8,791 | 9,743 |
Gains (losses) on equity investments, net | 170 | (203) | 604 | 440 |
Interest and other, net | (63) | 459 | (124) | 357 |
Income before taxes | 4,724 | 5,529 | 9,271 | 10,540 |
Provision for taxes | 545 | 523 | 1,118 | 1,080 |
Net income | $ 4,179 | $ 5,006 | $ 8,153 | $ 9,460 |
Earnings per share - Basic (in dollars per share) | $ 0.94 | $ 1.08 | $ 1.82 | $ 2.03 |
Earnings per share - Diluted (in dollars per share) | $ 0.92 | $ 1.05 | $ 1.79 | $ 1.98 |
Weighted average shares of common stock outstanding: | ||||
Basic (shares) | 4,466 | 4,649 | 4,479 | 4,661 |
Diluted (shares) | 4,523 | 4,747 | 4,543 | 4,768 |
Consolidated Condensed Statem_2
Consolidated Condensed Statements of Comprehensive Income - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 29, 2019 | Jun. 30, 2018 | Jun. 29, 2019 | Jun. 30, 2018 | |
Statement of Comprehensive Income [Abstract] | ||||
Net income | $ 4,179 | $ 5,006 | $ 8,153 | $ 9,460 |
Changes in other comprehensive income, net of tax: | ||||
Net unrealized holding gains (losses) on derivatives | 151 | (293) | 253 | (174) |
Actuarial valuation and other pension benefits (expenses), net | 8 | (122) | 17 | 26 |
Translation adjustments and other | 32 | 9 | 82 | (13) |
Other comprehensive income (loss) | 191 | (406) | 352 | (161) |
Total comprehensive income | $ 4,370 | $ 4,600 | $ 8,505 | $ 9,299 |
Consolidated Condensed Balance
Consolidated Condensed Balance Sheets - USD ($) $ in Millions | Jun. 29, 2019 | Dec. 29, 2018 |
Current assets: | ||
Cash and cash equivalents | $ 2,867 | $ 3,019 |
Short-term investments | 2,414 | 2,788 |
Trading assets | 6,663 | 5,843 |
Accounts receivable | 6,233 | 6,722 |
Inventories | 8,696 | 7,253 |
Other current assets | 2,366 | 3,162 |
Total current assets | 29,239 | 28,787 |
Property, plant and equipment, net of accumulated depreciation of $0 ($65,342 as of December 29, 2018) | 51,377 | 48,976 |
Equity Investments | 4,629 | 6,042 |
Other long-term investments | 3,577 | 3,388 |
Goodwill | 24,583 | 24,513 |
Identified intangible assets, net | 11,249 | 11,836 |
Other long-term assets | 6,105 | 4,421 |
Total assets | 130,759 | 127,963 |
Current liabilities: | ||
Short-term debt | 3,726 | 1,261 |
Accounts payable | 4,682 | 3,824 |
Accrued compensation and benefits | 2,554 | 3,622 |
Other accrued liabilities | 8,743 | 7,919 |
Total current liabilities | 19,705 | 16,626 |
Debt | 25,089 | 25,098 |
Contract Liabilities | 1,558 | 2,049 |
Income taxes payable, non-current | 4,847 | 4,897 |
Deferred income taxes | 1,783 | 1,665 |
Other long-term liabilities | 2,583 | 2,646 |
Contingencies (Note 12) | ||
Temporary equity | 247 | 419 |
Stockholders’ equity: | ||
Preferred stock | 0 | 0 |
Common stock and capital in excess of par value, 0 issued and outstanding (4,516 issued and outstanding as of December 29, 2018) | 25,140 | 25,365 |
Accumulated other comprehensive income (loss) | (622) | (974) |
Retained earnings | 50,429 | 50,172 |
Total stockholders’ equity | 74,947 | 74,563 |
Total liabilities, temporary equity, and stockholders’ equity | $ 130,759 | $ 127,963 |
Consolidated Condensed Balanc_2
Consolidated Condensed Balance Sheets (Parenthetical) - USD ($) shares in Millions, $ in Millions | Jun. 29, 2019 | Dec. 29, 2018 |
Assets | ||
Accumulated depreciation | $ 69,227 | $ 65,342 |
Stockholders’ equity: | ||
Common stock, shares issued | 4,430 | 4,516 |
Common stock, shares outstanding | 4,430 | 4,516 |
Consolidated Condensed Statem_3
Consolidated Condensed Statements of Cash Flows - USD ($) $ in Millions | 6 Months Ended | |
Jun. 29, 2019 | Jun. 30, 2018 | |
Statement of Cash Flows [Abstract] | ||
Cash and cash equivalents, beginning of period | $ 3,019 | $ 3,433 |
Cash flows provided by (used for) operating activities: | ||
Net income | 8,153 | 9,460 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||
Depreciation | 4,379 | 3,536 |
Share-based compensation | 859 | 820 |
Amortization of intangibles | 800 | 782 |
(Gains) losses on equity investments, net | (100) | (401) |
Changes in assets and liabilities: | ||
Accounts receivable | 490 | 369 |
Inventories | (1,443) | (303) |
Accounts payable | 431 | 274 |
Accrued compensation and benefits | (1,012) | (884) |
Increase (Decrease) in Customer Advances | (444) | 1,580 |
Income taxes | (15) | (1,133) |
Other assets and liabilities | 448 | (403) |
Total adjustments | 4,393 | 4,237 |
Net cash provided by operating activities | 12,546 | 13,697 |
Cash flows provided by (used for) investing activities: | ||
Additions to property, plant and equipment | (6,875) | (7,440) |
Payments to Acquire Debt Securities, Available-for-sale | (1,721) | (1,578) |
Proceeds from Sale and Maturity of Debt Securities, Available-for-sale | 1,903 | 1,720 |
Payments to Acquire Trading Securities Held-for-investment | (4,498) | (6,501) |
Proceeds from Sale and Maturity of Debt and Equity Securities, FV-NI, Held-for-investment | 3,808 | 7,691 |
Proceeds from Sale and Maturity of Other Investments | 1,331 | 215 |
Other investing | 42 | (91) |
Net cash used for investing activities | (6,010) | (5,984) |
Cash flows provided by (used for) financing activities: | ||
Increase (decrease) in short-term debt, net | 996 | 1,991 |
Issuance of long-term debt, net of issuance costs | 601 | 0 |
Repayment of debt and debt conversion | (1,033) | (1,169) |
Proceeds from sales of common stock through employee equity incentive plans | 305 | 320 |
Repurchase of common stock | (5,579) | (5,807) |
Payment of dividends to stockholders | (2,828) | (2,800) |
Other financing | 850 | (1,067) |
Net cash provided by (used for) financing activities | (6,688) | (8,532) |
Net increase (decrease) in cash and cash equivalents | (152) | (819) |
Cash and cash equivalents, end of period | 2,867 | 2,614 |
Supplemental disclosures of noncash investing activities and cash flow information: | ||
Acquisition of property, plant, and equipment included in accounts payable and accrued liabilities | 2,678 | 2,789 |
Interest, net of capitalized interest | 243 | 209 |
Income taxes, net of refunds | $ 1,112 | $ 2,196 |
Consolidated Statements of Stoc
Consolidated Statements of Stockholders' Equity Statement - USD ($) shares in Millions, $ in Millions | Total | Common Stock and Capital in Excess of Par Value | Accumulated Other Comprehensive Income (Loss) | Retained Earnings |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||
Adjustment for change in accounting principle | $ 634 | $ (1,790) | $ 2,424 | |
Total stockholders' equity, beginning at Dec. 30, 2017 | 69,019 | $ 26,074 | 862 | 42,083 |
Common stock, shares outstanding, beginning (in shares) at Dec. 30, 2017 | 4,687 | |||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||
NetIncomeLoss | 9,460 | 9,460 | ||
Other comprehensive income (loss) | (161) | (161) | ||
Employee equity incentive plans and other¹ | 433 | $ 433 | ||
Employee equity incentive plans (in shares) | 46 | |||
Share-based compensation | 825 | $ 825 | ||
Temporary equity reduction | 212 | 212 | ||
Convertible debt | (770) | (770) | ||
Non-controlling interest | (375) | (375) | ||
Repurchase of common stock | (5,968) | $ (649) | (5,319) | |
Repurchase of common stock (in shares) | (117) | |||
Restricted stock unit withholdings | (461) | $ (280) | (181) | |
Restricted stock unit withholdings (in shares) | (9) | |||
Cash dividends declared | (2,801) | (2,801) | ||
Total stockholders' equity, ending at Jun. 30, 2018 | 70,047 | $ 25,470 | (1,089) | 45,666 |
Common stock, shares outstanding, ending (in shares) at Jun. 30, 2018 | 4,607 | |||
Total stockholders' equity, beginning at Mar. 31, 2018 | 70,165 | $ 26,430 | (683) | 44,418 |
Common stock, shares outstanding, beginning (in shares) at Mar. 31, 2018 | 4,660 | |||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||
NetIncomeLoss | 5,006 | 5,006 | ||
Other comprehensive income (loss) | (406) | (406) | ||
Employee equity incentive plans and other¹ | 110 | $ 110 | ||
Employee equity incentive plans (in shares) | 31 | |||
Share-based compensation | 372 | $ 372 | ||
Temporary equity reduction | 147 | 147 | ||
Convertible debt | (563) | (563) | ||
Non-controlling interest | (375) | (375) | ||
Repurchase of common stock | (4,013) | $ (424) | (3,589) | |
Repurchase of common stock (in shares) | (76) | |||
Restricted stock unit withholdings | (396) | $ (227) | (169) | |
Restricted stock unit withholdings (in shares) | (8) | |||
Total stockholders' equity, ending at Jun. 30, 2018 | 70,047 | $ 25,470 | (1,089) | 45,666 |
Common stock, shares outstanding, ending (in shares) at Jun. 30, 2018 | 4,607 | |||
Total stockholders' equity, beginning at Dec. 29, 2018 | $ 74,563 | $ 25,365 | (974) | 50,172 |
Common stock, shares outstanding, beginning (in shares) at Dec. 29, 2018 | 4,516 | 4,516 | ||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||
NetIncomeLoss | $ 8,153 | |||
Other comprehensive income (loss) | 352 | 352 | ||
Employee equity incentive plans and other¹ | 403 | $ 403 | ||
Employee equity incentive plans (in shares) | 39 | |||
Share-based compensation | 860 | $ 860 | ||
Temporary equity reduction | 173 | 173 | ||
Convertible debt | (712) | (712) | ||
Repurchase of common stock | (5,595) | $ (659) | (4,936) | |
Repurchase of common stock (in shares) | (117) | |||
Restricted stock unit withholdings | (421) | $ (290) | (131) | |
Restricted stock unit withholdings (in shares) | (8) | |||
Cash dividends declared | (2,829) | (2,829) | ||
Total stockholders' equity, ending at Jun. 29, 2019 | $ 74,947 | $ 25,140 | (622) | 50,429 |
Common stock, shares outstanding, ending (in shares) at Jun. 29, 2019 | 4,430 | 4,430 | ||
Total stockholders' equity, beginning at Mar. 30, 2019 | $ 73,661 | $ 25,346 | (813) | 49,128 |
Common stock, shares outstanding, beginning (in shares) at Mar. 30, 2019 | 4,477 | |||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||
NetIncomeLoss | 4,179 | 4,179 | ||
Other comprehensive income (loss) | 191 | 191 | ||
Employee equity incentive plans and other¹ | 31 | $ 31 | ||
Employee equity incentive plans (in shares) | 28 | |||
Share-based compensation | 471 | $ 471 | ||
Temporary equity reduction | 28 | 28 | ||
Convertible debt | (120) | (120) | ||
Repurchase of common stock | (3,145) | $ (381) | (2,764) | |
Repurchase of common stock (in shares) | (67) | |||
Restricted stock unit withholdings | (349) | $ (235) | (114) | |
Restricted stock unit withholdings (in shares) | (7) | |||
Total stockholders' equity, ending at Jun. 29, 2019 | $ 74,947 | $ 25,140 | $ (622) | $ 50,429 |
Common stock, shares outstanding, ending (in shares) at Jun. 29, 2019 | 4,430 | 4,430 |
Consolidated Statements of St_2
Consolidated Statements of Stockholders' Equity Statements of Stockholders' Equity (Parenthetical) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | |||
Jun. 29, 2019 | Jun. 30, 2018 | Jun. 29, 2019 | Jun. 30, 2018 | Dec. 29, 2018 | |
Mobileye [Member] | |||||
Non-controlling interest activity due to acquisition | $ 375 | ||||
Retained Earnings | |||||
Common Stock, Dividends, Per Share, Declared | $ 0 | $ 0.60 | $ 0.63 | $ 0.60 |
Basis of Presentation
Basis of Presentation | 6 Months Ended |
Jun. 29, 2019 | |
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 GAAP, consistent in all material respects with those applied in our Annual Report on Form 10-K for the fiscal year ended December 29, 2018 ( 2018 Form 10-K), except for changes associated with leases 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, and 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 2018 |
Recent Accounting Standards and
Recent Accounting Standards and Accounting Policies | 6 Months Ended |
Jun. 29, 2019 | |
New Accounting Pronouncements and Changes in Accounting Principles [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 and below describe impacts from newly adopted standards, as well as material updates to our previous assessments, if any, from our 2018 Form 10-K. ACCOUNTING STANDARDS 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 was adopted applying the modified retrospective approach at the beginning of the period of adoption. Our leased assets and corresponding liabilities exclude non-lease components. Effect on Financial Statements or Other Significant Matters: Within the opening balances for the fiscal year beginning December 30, 2018, we recognized leased assets and corresponding liabilities in other long-term assets of $706 million , which includes $81 million of previously recognized prepaid land use rights, as well as corresponding accrued liabilities of $180 million and other long-term liabilities of $445 million . Accounting Policy Updates and Disclosures: We determine if an arrangement is a lease at inception, and classify it as finance or operating. Leased assets and corresponding liabilities are recognized based on the present value of the lease payments over the lease term. Our lease terms may include options to extend when it is reasonably certain that we will exercise that option. We have lease agreements with lease and non-lease components, and the non-lease components are accounted for separately and not included in our leased assets and corresponding liabilities. Leases primarily consist of real property, and, to a lesser extent, certain machinery and equipment. We recognized leased assets in other long-term assets of $684 million and corresponding accrued liabilities of $178 million , and other long-term liabilities of $426 million as of June 29, 2019 . Our leases have remaining lease terms of 1 to 9 years , some of which may include options to extend the leases for up to 39 years . The weighted average remaining lease term was 5.0 years , and the weighted average discount rate was 3.6% as of June 29, 2019 . For the six months ended June 29, 2019 , lease expense was $94 million . In accordance with the new leases standard, discounted and undiscounted lease payments under non-cancelable leases as of June 29, 2019 , excluding non-lease components, are as follows: (In Millions) Remainder of 2019 2020 2021 2022 2023 2024 and Thereafter Total Lease payments $ 93 $ 173 $ 122 $ 96 $ 70 $ 107 $ 661 Present value of lease payments $ 604 Lease expense was $231 million in 2018 ( $264 million in 2017). Prior to our adoption of the new leases standard, f uture minimum lease payments as of December 29, 2018, which were undiscounted and included lease and non-lease components, were as follows: (In Millions) 2019 2020 2021 2022 2023 2024 and Thereafter Total Minimum rental commitments under all non-cancelable leases $ 229 $ 181 $ 133 $ 101 $ 70 $ 121 $ 835 |
Operating Segments
Operating Segments | 6 Months Ended |
Jun. 29, 2019 | |
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) • Mobileye • Non-Volatile Memory Solutions Group (NSG) • Programmable Solutions Group (PSG) • All Other We offer platform products that incorporate various components and technologies, including a microprocessor and chipset, a stand-alone 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, Mobileye, 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. Our Internet of Things portfolio, presented as Internet of Things, is comprised of IOTG and Mobileye operating segments. The “all other” category includes revenue, expenses, and charges such as: • results of operations from non-reportable segments not otherwise presented; • historical results of operations from divested businesses; • 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 Chief Executive Officer (CEO), does not evaluate operating segments using discrete asset information. Operating segments do not record inter-segment revenue. We do not allocate gains and losses from equity investments, interest and other income, or taxes to operating segments. Although the CODM uses operating income to evaluate the segments, operating costs included in one segment may benefit other segments. Except for these differences, the accounting policies for segment reporting are the same as for Intel as a whole. Net revenue and operating income (loss) for each period were as follows: Three Months Ended Six Months Ended (In Millions) Jun 29, Jun 30, Jun 29, Jun 30, Net revenue: Client Computing Group Platform $ 7,925 $ 8,065 $ 15,749 $ 15,680 Adjacent 916 663 1,678 1,268 8,841 8,728 17,427 16,948 Data Center Group Platform 4,553 5,100 9,035 9,924 Adjacent 430 449 850 859 4,983 5,549 9,885 10,783 Internet of Things IOTG 986 880 1,896 1,720 Mobileye 201 173 410 324 1,187 1,053 2,306 2,044 Non-Volatile Memory Solutions Group 940 1,079 1,855 2,119 Programmable Solutions Group 489 517 975 1,015 All other 65 36 118 119 Total net revenue $ 16,505 $ 16,962 $ 32,566 $ 33,028 Operating income (loss): Client Computing Group $ 3,737 $ 3,234 $ 6,809 $ 6,025 Data Center Group 1,800 2,737 3,641 5,339 Internet of Things IOTG 294 243 545 470 Mobileye 53 44 121 54 347 287 666 524 Non-Volatile Memory Solutions Group (284 ) (65 ) (581 ) (146 ) Programmable Solutions Group 52 101 141 198 All other (1,035 ) (1,021 ) (1,885 ) (2,197 ) Total operating income $ 4,617 $ 5,273 $ 8,791 $ 9,743 Disaggregated net revenue for each period was as follows: Three Months Ended Six Months Ended (In Millions) Jun 29, Jun 30, Jun 29, Jun 30, Platform revenue Desktop platform $ 2,767 $ 2,954 $ 5,653 $ 5,861 Notebook platform 5,136 5,086 10,063 9,775 DCG platform 4,553 5,100 9,035 9,924 IOTG platform 891 745 1,716 1,464 Other platform 1 22 25 33 44 13,369 13,910 26,500 27,068 Adjacent revenue 2 3,136 3,052 6,066 5,960 Total revenue $ 16,505 $ 16,962 $ 32,566 $ 33,028 1 Includes our tablet and service provider revenue. 2 Includes all of our non-platform products for CCG, DCG, and IOTG such as modem, Ethernet, and silicon photonics, as well as Mobileye, NSG, and PSG products. Planned divestiture of smartphone modem business On July 25, 2019, we signed a definitive agreement to sell the majority of our smartphone modem business. We will continue to meet current customer commitments for our existing 4G smartphone modem product line. We expect to close the transaction, which will include certain employees, intellectual property, equipment and leases, in the fourth quarter of 2019. We expect to record a gain on divestiture of approximately $500 million |
Earnings Per Share
Earnings Per Share | 6 Months Ended |
Jun. 29, 2019 | |
Earnings Per Share [Abstract] | |
Earnings Per Share [Text Block] | NOTE 4 : EARNINGS PER SHARE We computed basic earnings per share of common stock based on the weighted average number of shares of common stock outstanding during the period. We computed diluted earnings per share of common stock based on the weighted average number of shares of common stock outstanding plus potentially dilutive shares of common stock outstanding during the period. Three Months Ended Six Months Ended (In Millions, Except Per Share Amounts) Jun 29, Jun 30, Jun 29, Jun 30, Net income available to common stockholders $ 4,179 $ 5,006 $ 8,153 $ 9,460 Weighted average shares of common stock outstanding – basic 4,466 4,649 4,479 4,661 Dilutive effect of employee equity incentive plans 40 52 46 59 Dilutive effect of convertible debt 17 46 18 48 Weighted average shares of common stock outstanding – diluted 4,523 4,747 4,543 4,768 Earnings per share – basic $ 0.94 $ 1.08 $ 1.82 $ 2.03 Earnings per share – diluted $ 0.92 $ 1.05 $ 1.79 $ 1.98 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. Our convertible debentures due 2039 (2009 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. In all periods presented, securities which would have been anti-dilutive are insignificant and are excluded from the computation of diluted earnings per share. In all periods presented, we included our 2009 debentures in the calculation of diluted earnings per share of common stock because the average market price was above the conversion price. We could potentially exclude the 2009 debentures in the future if the average market price is below the conversion price. |
Contract Liabilities
Contract Liabilities | 6 Months Ended |
Jun. 29, 2019 | |
Revenue from Contract with Customer [Abstract] | |
Contract Liabilities [Text Block] | NOTE 5 : CONTRACT LIABILITIES (In Millions) Jun 29, Dec 29, Prepaid supply agreements $ 2,143 $ 2,587 Other 162 122 Total contract liabilities $ 2,305 $ 2,709 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 six months of 2019 : (In Millions) Prepaid supply agreements balance as of December 29, 2018 $ 2,587 Prepaids utilized (444 ) Prepaid supply agreements balance as of June 29, 2019 $ 2,143 |
Other Financial Statement Detai
Other Financial Statement Details | 6 Months Ended |
Jun. 29, 2019 | |
Other Financial Statement Details [Abstract] | |
Other Financial Statement Details [Text Block] | NOTE 6 : OTHER FINANCIAL STATEMENT DETAILS INVENTORIES (In Millions) Jun 29, Dec 29, Raw materials $ 808 $ 813 Work in process 5,612 4,511 Finished goods 2,276 1,929 Total inventories $ 8,696 $ 7,253 INTEREST AND OTHER, NET The components of interest and other, net for each period were as follows: Three Months Ended Six Months Ended (In Millions) Jun 29, Jun 30, Jun 29, Jun 30, Interest income $ 125 $ 108 $ 260 $ 199 Interest expense (135 ) (116 ) (273 ) (228 ) Other, net (53 ) 467 (111 ) 386 Total interest and other, net $ (63 ) $ 459 $ (124 ) $ 357 Interest expense in the preceding table is net of $120 million of interest capitalized in the second quarter of 2019 and $245 million in the first six months of 2019 ( $126 million in the second quarter of 2018 and $239 million in the first six months of 2018 ). In the second quarter of 2018, we completed the divestiture of Wind River, and recognized a pre-tax gain of $494 million |
Restructuring and Other Charges
Restructuring and Other Charges | 6 Months Ended |
Jun. 29, 2019 | |
Restructuring and Related Activities [Abstract] | |
Restructuring and Other Charges | NOTE 7 : RESTRUCTURING AND OTHER CHARGES A restructuring program was approved in the second quarter of 2019 to align our workforce with the planned exit of the smartphone modem business. We expect these actions to be substantially complete by end of 2019. Restructuring and other charges by type for the 2019 Restructuring Program for the period were as follows: Three Months Ended Six Months Ended (In Millions) Jun 29, Jun 30, Jun 29, Jun 30, Employee severance and benefit arrangements $ 168 $ — $ 168 $ — Asset impairment and other charges 16 — 16 — Total restructuring and other charges $ 184 $ — $ 184 $ — |
Investments
Investments | 6 Months Ended |
Jun. 29, 2019 | |
Investments and Cash [Abstract] | |
Investments [Text Block] | NOTE 8 : INVESTMENTS DEBT INVESTMENTS Trading Assets Net gains related to trading assets still held at the reporting date were $99 million in the second quarter of 2019 and $117 million in the first six months of 2019 ( $326 million of net losses in the second quarter of 2018 and $214 million in the first six months of 2018 ). Net losses on the related derivatives were $102 million in the second quarter of 2019 and $104 million in the first six months of 2019 (net gains of $316 million in the second quarter of 2018 and $221 million in the first six months of 2018 ). Available-for-Sale Debt Investments June 29, 2019 December 29, 2018 (In Millions) Adjusted Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Adjusted Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Corporate debt $ 3,160 $ 45 $ (4 ) $ 3,201 $ 3,068 $ 2 $ (28 ) $ 3,042 Financial institution 3,034 18 (1 ) 3,051 3,076 3 (11 ) 3,068 Government debt 903 6 — 909 1,069 1 (9 ) 1,061 Total available-for-sale debt investments $ 7,097 $ 69 $ (5 ) $ 7,161 $ 7,213 $ 6 $ (48 ) $ 7,171 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 June 29, 2019 and December 29, 2018 . The fair value of available-for-sale debt investments, by contractual maturity, as of June 29, 2019 , was as follows: (In Millions) Fair Value Due in 1 year or less $ 3,174 Due in 1–2 years 733 Due in 2–5 years 2,722 Due after 5 years 122 Instruments not due at a single maturity date 410 Total $ 7,161 EQUITY INVESTMENTS (In Millions) Jun 29, Dec 29, Marketable equity securities $ 197 $ 1,440 Non-marketable equity securities 3,134 2,978 Equity method investments 1,298 1,624 Total $ 4,629 $ 6,042 The components of gains (losses) on equity investments, net for each period were as follows: Three Months Ended Six Months Ended (In Millions) Jun 29, Jun 30, Jun 29, Jun 30, Ongoing mark-to-market adjustments on marketable equity securities $ (179 ) $ (235 ) $ 74 $ 371 Observable price adjustments on non-marketable equity securities 8 24 16 148 Impairments (39 ) (26 ) (62 ) (43 ) Sale of equity investments and other ¹ 380 34 576 (36 ) Total gains (losses) on equity investments, net $ 170 $ (203 ) $ 604 $ 440 1 Sale of equity investments and other includes realized gains (losses) on sales of non-marketable equity investments, our share of equity method investee gains (losses) and distributions, and initial fair value adjustments recorded upon a security becoming marketable. Gains and losses for our marketable and non-marketable equity securities during the period were as follows: Three Months Ended Six Months Ended (In Millions) Jun 29, Jun 30, Jun 29, Jun 30, Net gains (losses) recognized during the period on equity securities $ (178 ) $ (133 ) $ 84 $ 592 Less: Net (gains) losses recognized during the period on equity securities sold during the period (33 ) (11 ) (258 ) (49 ) Unrealized gains (losses) recognized during the reporting period on equity securities still held at the reporting date $ (211 ) $ (144 ) $ (174 ) $ 543 IM Flash Technologies, LLC IM Flash Technologies, LLC (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 June 29, 2019 , we own a 49% interest in IMFT. Our portion of IMFT costs was approximately $224 million in the second quarter of 2019 and approximately $356 million in the first six months of 2019 (approximately $144 million in the second quarter of 2018 and $227 million in the first six months of 2018 ). 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). Extensions of MDF may be converted to a capital contribution at the lender's request, or may be repaid upon availability of funds. During the first six months of 2019 , IMFT repaid $316 million of MDF to Intel. The carrying balance of our equity method investment in IMFT as of June 29, 2019 is $1.3 billion . In January 2019, Micron exercised its right to call our interest in IMFT. The sale of our non-controlling interest in IMFT to Micron is expected to close on October 31, 2019. We will continue to purchase product manufactured at the IMFT facility for a period of up to one year following the close date. ASML Holding N.V. As of December 29, 2018, Intel owned $1.1 billion in ASML Holding N.V. (ASML). We have fully sold our equity investment in ASML. |
Borrowings
Borrowings | 6 Months Ended |
Jun. 29, 2019 | |
Debt Disclosure [Abstract] | |
Borrowings [Text Block] | NOTE 9 : BORROWINGS During the first six months of 2019 , we received proceeds of $601 million in aggregate from the sale 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 in 2049 and carry an interest rate of 5.0% . The Arizona bonds and the Oregon bonds are subject to mandatory tender in June 2024 and March 2022, respectively, 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 | 6 Months Ended |
Jun. 29, 2019 | |
Fair Value Disclosures [Abstract] | |
Fair Value [Text Block] | NOTE 10 : 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 16: Fair Value" in our 2018 Form 10-K. ASSETS AND LIABILITIES MEASURED AND RECORDED AT FAIR VALUE ON A RECURRING BASIS June 29, 2019 December 29, 2018 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 $ — $ 417 $ — $ 417 $ — $ 262 $ — $ 262 Financial institution instruments¹ 410 343 — 753 550 183 — 733 Reverse repurchase agreements — 1,300 — 1,300 — 1,850 — 1,850 Short-term investments: Corporate debt — 810 — 810 — 937 — 937 Financial institution instruments¹ — 1,324 — 1,324 — 1,423 — 1,423 Government debt² — 280 — 280 — 428 — 428 Trading assets: Corporate debt — 2,755 — 2,755 — 2,635 — 2,635 Financial institution instruments¹ 54 1,470 — 1,524 67 1,273 — 1,340 Government debt² — 2,384 — 2,384 — 1,868 — 1,868 Other current assets: Derivative assets 29 225 — 254 — 180 — 180 Loans receivable³ — 57 — 57 — 354 — 354 Marketable equity securities 197 — — 197 1,440 — — 1,440 Other long-term investments: Corporate debt — 1,974 — 1,974 — 1,843 — 1,843 Financial institution instruments¹ — 974 — 974 — 912 — 912 Government debt² — 629 — 629 — 633 — 633 Other long-term assets: Derivative assets — 689 — 689 — 100 — 100 Loans receivable³ — 507 — 507 — 229 — 229 Total assets measured and recorded at fair value 690 16,138 — 16,828 2,057 15,110 — 17,167 Liabilities Other accrued liabilities: Derivative liabilities — 303 — 303 — 412 — 412 Other long-term liabilities: Derivative liabilities — 15 18 33 — 415 68 483 Total liabilities measured and recorded at fair value $ — $ 318 $ 18 $ 336 $ — $ 827 $ 68 $ 895 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 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. As of June 29, 2019 , the aggregate carrying value of grants receivable, loans receivable, and reverse repurchase agreements was $1.1 billion (the aggregate carrying amount as of December 29, 2018 was $833 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 June 29, 2019 , the fair value of short and long-term debt (excluding drafts payable) was $30.0 billion (the fair value as of December 29, 2018 was $27.1 billion |
Derivative Financial Instrument
Derivative Financial Instruments | 6 Months Ended |
Jun. 29, 2019 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Derivative Financial Instruments [Text Block] | NOTE 11 : DERIVATIVE FINANCIAL INSTRUMENTS For further information on our derivative policies, see "Note 2: Accounting Policies" in our 2018 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) Jun 29, Dec 29, Foreign currency contracts $ 23,293 $ 19,223 Interest rate contracts 22,292 22,447 Other 1,633 1,356 Total $ 47,218 $ 43,026 FAIR VALUE OF DERIVATIVE INSTRUMENTS June 29, 2019 December 29, 2018 (In Millions) Assets 1 Liabilities 2 Assets 1 Liabilities 2 Derivatives designated as hedging instruments: Foreign currency contracts 3 $ 106 $ 90 $ 44 $ 244 Interest rate contracts 669 20 84 474 Total derivatives designated as hedging instruments 775 110 128 718 Derivatives not designated as hedging instruments: Foreign currency contracts 3 134 170 132 155 Interest rate contracts 5 52 20 22 Equity Contracts 29 4 — — Total derivatives not designated as hedging instruments 168 226 152 177 Total derivatives $ 943 $ 336 $ 280 $ 895 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: June 29, 2019 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 $ 937 $ — $ 937 $ (258 ) $ (679 ) $ — Reverse repurchase agreements 1,650 — 1,650 — (1,650 ) — Total assets 2,587 — 2,587 (258 ) (2,329 ) — Liabilities: Derivative liabilities subject to master netting arrangements 325 — 325 (258 ) (62 ) 5 Total liabilities $ 325 $ — $ 325 $ (258 ) $ (62 ) $ 5 December 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 $ 292 $ — $ 292 $ (220 ) $ (72 ) $ — Reverse repurchase agreements 2,099 — 2,099 — (1,999 ) 100 Total assets 2,391 — 2,391 (220 ) (2,071 ) 100 Liabilities: Derivative liabilities subject to master netting arrangements 890 — 890 (220 ) (576 ) 94 Total liabilities $ 890 $ — $ 890 $ (220 ) $ (576 ) $ 94 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 $122 million net gains in the second quarter of 2019 and $151 million net gains in the first six months of 2019 ( $339 million net losses in the second quarter of 2018 and $134 million net losses in the first six months of 2018 ). Substantially all of our cash flow hedges were foreign currency contracts for all periods presented. During the first six months of 2019 and 2018 , the amounts excluded from effectiveness testing were insignificant . DERIVATIVES IN FAIR VALUE HEDGING RELATIONSHIPS The effects of derivative instruments designated as fair value hedges, recognized in interest and other, net for each period were as follows: Three Months Ended Six Months Ended (In Millions) Jun 29, Jun 30, Jun 29, Jun 30, Interest rate contracts $ 554 $ (113 ) $ 1,039 $ (371 ) Hedged items (554 ) 113 (1,039 ) 371 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 Jun 29, Dec 29, Jun 29, Dec 29, Long-term debt $ (20,661 ) $ (19,622 ) $ (649 ) $ 390 As of June 29, 2019 and December 29, 2018 , the total notional amount of pay variable/receive fixed-interest rate swaps was $20.0 billion . DERIVATIVES NOT DESIGNATED AS HEDGING INSTRUMENTS The effects of derivative instruments not designated as hedging instruments on the consolidated condensed statements of income for each period were as follows: Three Months Ended Six Months Ended (In Millions) Location of Gains (Losses) Recognized in Income on Derivatives Jun 29, Jun 30, Jun 29, Jun 30, Foreign currency contracts Interest and other, net $ (20 ) $ 438 $ 37 $ 268 Interest rate contracts Interest and other, net (25 ) 6 (39 ) 20 Other Various 35 27 181 (4 ) Total $ (10 ) $ 471 $ 179 $ 284 |
Contingencies
Contingencies | 6 Months Ended |
Jun. 29, 2019 | |
Commitments and Contingencies Disclosure [Abstract] | |
Contingencies [Text Block] | NOTE 12 : 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 as to 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. 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. The parties agreed in principle to settle the case in late October 2018, and finalized the settlement agreement in March 2019. The settlement agreement calls for an aggregate payment by defendants of $12 million . Intel’s contribution to the settlement will be immaterial to its financial statements. In May 2019, the court granted plaintiffs’ motion for preliminary approval of the settlement and scheduled a final approval hearing for October 2019. 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 current and former 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 July 24, 2019 , 48 consumer class action lawsuits and three securities class action lawsuits have been filed. The securities class actions, which were consolidated, were dismissed with prejudice in April 2019. 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, 44 have been filed in the U.S., two of which have been dismissed; two have been filed in Canada; and two have been filed in Israel. In April 2018, the U.S. Judicial Panel on Multidistrict Litigation ordered the U.S. consumer class action lawsuits consolidated for pretrial proceedings in the U.S. 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 was held in February 2019. In the case pending in the Superior Court of Justice of Ontario, an initial status conference has not yet been scheduled. In the case pending in the Superior Court of Justice of Quebec, the court entered an order in October 2018, staying that case for one year. In Israel, both consumer class action lawsuits were filed in the District Court of Haifa. In the first case, the District Court denied the parties' joint motion to stay filed in January 2019, but to date has deferred Intel’s deadline to respond to the complaint in view of Intel’s pending motion to dismiss in the consolidated class action in the U.S. Intel filed a motion to stay the second case pending resolution of the consolidated class action in the U.S., and a hearing on that motion has been rescheduled for September 2019. In the securities class action litigation, the lead securities class action plaintiffs, who purported to represent classes of acquirers of Intel stock between October 27, 2017 and January 9, 2018, generally alleged 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 were consolidated and were pending in the U.S. District Court for the Northern District of California. Defendants filed a motion to dismiss those actions in August 2018, which the court granted in March 2019. The court's order granted plaintiffs leave to amend their complaint, but the case was dismissed with prejudice in April 2019 after plaintiffs elected not to re-plead. Plaintiffs did not appeal. Additional lawsuits and claims may be asserted on behalf of customers and shareholders seeking monetary damages or other related relief. We dispute the pending claims described above and intend to defend those lawsuits vigorously. Given the procedural posture and the nature of those cases, including that the pending 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 those 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 U.S. District Court for the Northern District of California and were consolidated, and the other four were filed in the Superior Court of the State of California in San Mateo County and were 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 dismissed. The federal court ordered the case dismissed without prejudice in January 2019. 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. Plaintiffs filed an amended complaint in April 2019, which defendants moved to dismiss on the same grounds. A hearing on the motion is scheduled for July 2019. |
Recent Accounting Standards a_2
Recent Accounting Standards and Accounting Policies Accounting Policy Updates (Policies) | 6 Months Ended |
Jun. 29, 2019 | |
New Accounting Pronouncements and Changes in Accounting Principles [Abstract] | |
Accounting Standards Not Yet Adopted | ACCOUNTING STANDARDS 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 was adopted applying the modified retrospective approach at the beginning of the period of adoption. Our leased assets and corresponding liabilities exclude non-lease components. Effect on Financial Statements or Other Significant Matters: Within the opening balances for the fiscal year beginning December 30, 2018, we recognized leased assets and corresponding liabilities in other long-term assets of $706 million , which includes $81 million of previously recognized prepaid land use rights, as well as corresponding accrued liabilities of $180 million and other long-term liabilities of $445 million . Accounting Policy Updates and Disclosures: We determine if an arrangement is a lease at inception, and classify it as finance or operating. Leased assets and corresponding liabilities are recognized based on the present value of the lease payments over the lease term. Our lease terms may include options to extend when it is reasonably certain that we will exercise that option. We have lease agreements with lease and non-lease components, and the non-lease components are accounted for separately and not included in our leased assets and corresponding liabilities. Leases primarily consist of real property, and, to a lesser extent, certain machinery and equipment. We recognized leased assets in other long-term assets of $684 million and corresponding accrued liabilities of $178 million , and other long-term liabilities of $426 million as of June 29, 2019 . Our leases have remaining lease terms of 1 to 9 years , some of which may include options to extend the leases for up to 39 years . The weighted average remaining lease term was 5.0 years , and the weighted average discount rate was 3.6% as of June 29, 2019 |
Recent Accounting Standards a_3
Recent Accounting Standards and Accounting Policies (Tables) | 6 Months Ended |
Jun. 29, 2019 | |
New Accounting Pronouncements and Changes in Accounting Principles [Abstract] | |
Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block] | For the six months ended June 29, 2019 , lease expense was $94 million . In accordance with the new leases standard, discounted and undiscounted lease payments under non-cancelable leases as of June 29, 2019 , excluding non-lease components, are as follows: (In Millions) Remainder of 2019 2020 2021 2022 2023 2024 and Thereafter Total Lease payments $ 93 $ 173 $ 122 $ 96 $ 70 $ 107 $ 661 Present value of lease payments $ 604 Lease expense was $231 million in 2018 ( $264 million in 2017). Prior to our adoption of the new leases standard, f uture minimum lease payments as of December 29, 2018, which were undiscounted and included lease and non-lease components, were as follows: (In Millions) 2019 2020 2021 2022 2023 2024 and Thereafter Total Minimum rental commitments under all non-cancelable leases $ 229 $ 181 $ 133 $ 101 $ 70 $ 121 $ 835 |
Operating Segments (Tables)
Operating Segments (Tables) | 6 Months Ended |
Jun. 29, 2019 | |
Segment Reporting [Abstract] | |
Schedule of Segment Reporting Information, by Segment [Table Text Block] | Net revenue and operating income (loss) for each period were as follows: Three Months Ended Six Months Ended (In Millions) Jun 29, Jun 30, Jun 29, Jun 30, Net revenue: Client Computing Group Platform $ 7,925 $ 8,065 $ 15,749 $ 15,680 Adjacent 916 663 1,678 1,268 8,841 8,728 17,427 16,948 Data Center Group Platform 4,553 5,100 9,035 9,924 Adjacent 430 449 850 859 4,983 5,549 9,885 10,783 Internet of Things IOTG 986 880 1,896 1,720 Mobileye 201 173 410 324 1,187 1,053 2,306 2,044 Non-Volatile Memory Solutions Group 940 1,079 1,855 2,119 Programmable Solutions Group 489 517 975 1,015 All other 65 36 118 119 Total net revenue $ 16,505 $ 16,962 $ 32,566 $ 33,028 Operating income (loss): Client Computing Group $ 3,737 $ 3,234 $ 6,809 $ 6,025 Data Center Group 1,800 2,737 3,641 5,339 Internet of Things IOTG 294 243 545 470 Mobileye 53 44 121 54 347 287 666 524 Non-Volatile Memory Solutions Group (284 ) (65 ) (581 ) (146 ) Programmable Solutions Group 52 101 141 198 All other (1,035 ) (1,021 ) (1,885 ) (2,197 ) Total operating income $ 4,617 $ 5,273 $ 8,791 $ 9,743 |
Revenue from External Customers by Products and Services [Table Text Block] | Disaggregated net revenue for each period was as follows: Three Months Ended Six Months Ended (In Millions) Jun 29, Jun 30, Jun 29, Jun 30, Platform revenue Desktop platform $ 2,767 $ 2,954 $ 5,653 $ 5,861 Notebook platform 5,136 5,086 10,063 9,775 DCG platform 4,553 5,100 9,035 9,924 IOTG platform 891 745 1,716 1,464 Other platform 1 22 25 33 44 13,369 13,910 26,500 27,068 Adjacent revenue 2 3,136 3,052 6,066 5,960 Total revenue $ 16,505 $ 16,962 $ 32,566 $ 33,028 1 Includes our tablet and service provider revenue. 2 Includes all of our non-platform products for CCG, DCG, and IOTG such as modem, Ethernet, and silicon photonics, as well as Mobileye, NSG, and PSG products. |
Earnings Per Share (Tables)
Earnings Per Share (Tables) | 6 Months Ended |
Jun. 29, 2019 | |
Earnings Per Share [Abstract] | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | Three Months Ended Six Months Ended (In Millions, Except Per Share Amounts) Jun 29, Jun 30, Jun 29, Jun 30, Net income available to common stockholders $ 4,179 $ 5,006 $ 8,153 $ 9,460 Weighted average shares of common stock outstanding – basic 4,466 4,649 4,479 4,661 Dilutive effect of employee equity incentive plans 40 52 46 59 Dilutive effect of convertible debt 17 46 18 48 Weighted average shares of common stock outstanding – diluted 4,523 4,747 4,543 4,768 Earnings per share – basic $ 0.94 $ 1.08 $ 1.82 $ 2.03 Earnings per share – diluted $ 0.92 $ 1.05 $ 1.79 $ 1.98 |
Contract Liabilities (Tables)
Contract Liabilities (Tables) | 6 Months Ended |
Jun. 29, 2019 | |
Revenue from Contract with Customer [Abstract] | |
Disaggregation of Revenue [Table Text Block] | (In Millions) Jun 29, Dec 29, Prepaid supply agreements $ 2,143 $ 2,587 Other 162 122 Total contract liabilities $ 2,305 $ 2,709 |
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 six months of 2019 : (In Millions) Prepaid supply agreements balance as of December 29, 2018 $ 2,587 Prepaids utilized (444 ) Prepaid supply agreements balance as of June 29, 2019 $ 2,143 |
Other Financial Statement Det_2
Other Financial Statement Details (Tables) | 6 Months Ended |
Jun. 29, 2019 | |
Other Financial Statement Details [Abstract] | |
Schedule of Inventory, Current [Table Text Block] | (In Millions) Jun 29, Dec 29, Raw materials $ 808 $ 813 Work in process 5,612 4,511 Finished goods 2,276 1,929 Total inventories $ 8,696 $ 7,253 |
Interest and Other, Net [Table Text Block] | The components of interest and other, net for each period were as follows: Three Months Ended Six Months Ended (In Millions) Jun 29, Jun 30, Jun 29, Jun 30, Interest income $ 125 $ 108 $ 260 $ 199 Interest expense (135 ) (116 ) (273 ) (228 ) Other, net (53 ) 467 (111 ) 386 Total interest and other, net $ (63 ) $ 459 $ (124 ) $ 357 |
Restructuring and Other Charg_2
Restructuring and Other Charges (Tables) | 6 Months Ended |
Jun. 29, 2019 | |
Restructuring and Related Activities [Abstract] | |
Schedule of Restructuring and Other Charges | Restructuring and other charges by type for the 2019 Restructuring Program for the period were as follows: Three Months Ended Six Months Ended (In Millions) Jun 29, Jun 30, Jun 29, Jun 30, Employee severance and benefit arrangements $ 168 $ — $ 168 $ — Asset impairment and other charges 16 — 16 — Total restructuring and other charges $ 184 $ — $ 184 $ — |
Investments (Tables)
Investments (Tables) | 6 Months Ended |
Jun. 29, 2019 | |
Investments and Cash [Abstract] | |
Schedule of Available-for-sale Securities Reconciliation [Table Text Block] | June 29, 2019 December 29, 2018 (In Millions) Adjusted Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Adjusted Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Corporate debt $ 3,160 $ 45 $ (4 ) $ 3,201 $ 3,068 $ 2 $ (28 ) $ 3,042 Financial institution 3,034 18 (1 ) 3,051 3,076 3 (11 ) 3,068 Government debt 903 6 — 909 1,069 1 (9 ) 1,061 Total available-for-sale debt investments $ 7,097 $ 69 $ (5 ) $ 7,161 $ 7,213 $ 6 $ (48 ) $ 7,171 |
Investments Classified by Contractual Maturity Date [Table Text Block] | The fair value of available-for-sale debt investments, by contractual maturity, as of June 29, 2019 , was as follows: (In Millions) Fair Value Due in 1 year or less $ 3,174 Due in 1–2 years 733 Due in 2–5 years 2,722 Due after 5 years 122 Instruments not due at a single maturity date 410 Total $ 7,161 |
Investment [Table Text Block] | (In Millions) Jun 29, Dec 29, Marketable equity securities $ 197 $ 1,440 Non-marketable equity securities 3,134 2,978 Equity method investments 1,298 1,624 Total $ 4,629 $ 6,042 |
Gain (Loss) on Securities [Table Text Block] | The components of gains (losses) on equity investments, net for each period were as follows: Three Months Ended Six Months Ended (In Millions) Jun 29, Jun 30, Jun 29, Jun 30, Ongoing mark-to-market adjustments on marketable equity securities $ (179 ) $ (235 ) $ 74 $ 371 Observable price adjustments on non-marketable equity securities 8 24 16 148 Impairments (39 ) (26 ) (62 ) (43 ) Sale of equity investments and other ¹ 380 34 576 (36 ) Total gains (losses) on equity investments, net $ 170 $ (203 ) $ 604 $ 440 1 Sale of equity investments and other includes realized gains (losses) on sales of non-marketable equity investments, our share of equity method investee gains (losses) and distributions, and initial fair value adjustments recorded upon a security becoming marketable. Gains and losses for our marketable and non-marketable equity securities during the period were as follows: Three Months Ended Six Months Ended (In Millions) Jun 29, Jun 30, Jun 29, Jun 30, Net gains (losses) recognized during the period on equity securities $ (178 ) $ (133 ) $ 84 $ 592 Less: Net (gains) losses recognized during the period on equity securities sold during the period (33 ) (11 ) (258 ) (49 ) Unrealized gains (losses) recognized during the reporting period on equity securities still held at the reporting date $ (211 ) $ (144 ) $ (174 ) $ 543 |
Fair Value (Tables)
Fair Value (Tables) | 6 Months Ended |
Jun. 29, 2019 | |
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 June 29, 2019 December 29, 2018 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 $ — $ 417 $ — $ 417 $ — $ 262 $ — $ 262 Financial institution instruments¹ 410 343 — 753 550 183 — 733 Reverse repurchase agreements — 1,300 — 1,300 — 1,850 — 1,850 Short-term investments: Corporate debt — 810 — 810 — 937 — 937 Financial institution instruments¹ — 1,324 — 1,324 — 1,423 — 1,423 Government debt² — 280 — 280 — 428 — 428 Trading assets: Corporate debt — 2,755 — 2,755 — 2,635 — 2,635 Financial institution instruments¹ 54 1,470 — 1,524 67 1,273 — 1,340 Government debt² — 2,384 — 2,384 — 1,868 — 1,868 Other current assets: Derivative assets 29 225 — 254 — 180 — 180 Loans receivable³ — 57 — 57 — 354 — 354 Marketable equity securities 197 — — 197 1,440 — — 1,440 Other long-term investments: Corporate debt — 1,974 — 1,974 — 1,843 — 1,843 Financial institution instruments¹ — 974 — 974 — 912 — 912 Government debt² — 629 — 629 — 633 — 633 Other long-term assets: Derivative assets — 689 — 689 — 100 — 100 Loans receivable³ — 507 — 507 — 229 — 229 Total assets measured and recorded at fair value 690 16,138 — 16,828 2,057 15,110 — 17,167 Liabilities Other accrued liabilities: Derivative liabilities — 303 — 303 — 412 — 412 Other long-term liabilities: Derivative liabilities — 15 18 33 — 415 68 483 Total liabilities measured and recorded at fair value $ — $ 318 $ 18 $ 336 $ — $ 827 $ 68 $ 895 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 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. |
Derivative Financial Instrume_2
Derivative Financial Instruments (Tables) | 6 Months Ended |
Jun. 29, 2019 | |
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) Jun 29, Dec 29, Foreign currency contracts $ 23,293 $ 19,223 Interest rate contracts 22,292 22,447 Other 1,633 1,356 Total $ 47,218 $ 43,026 |
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block] | 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 Jun 29, Dec 29, Jun 29, Dec 29, Long-term debt $ (20,661 ) $ (19,622 ) $ (649 ) $ 390 FAIR VALUE OF DERIVATIVE INSTRUMENTS June 29, 2019 December 29, 2018 (In Millions) Assets 1 Liabilities 2 Assets 1 Liabilities 2 Derivatives designated as hedging instruments: Foreign currency contracts 3 $ 106 $ 90 $ 44 $ 244 Interest rate contracts 669 20 84 474 Total derivatives designated as hedging instruments 775 110 128 718 Derivatives not designated as hedging instruments: Foreign currency contracts 3 134 170 132 155 Interest rate contracts 5 52 20 22 Equity Contracts 29 4 — — Total derivatives not designated as hedging instruments 168 226 152 177 Total derivatives $ 943 $ 336 $ 280 $ 895 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. |
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: June 29, 2019 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 $ 937 $ — $ 937 $ (258 ) $ (679 ) $ — Reverse repurchase agreements 1,650 — 1,650 — (1,650 ) — Total assets 2,587 — 2,587 (258 ) (2,329 ) — Liabilities: Derivative liabilities subject to master netting arrangements 325 — 325 (258 ) (62 ) 5 Total liabilities $ 325 $ — $ 325 $ (258 ) $ (62 ) $ 5 December 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 $ 292 $ — $ 292 $ (220 ) $ (72 ) $ — Reverse repurchase agreements 2,099 — 2,099 — (1,999 ) 100 Total assets 2,391 — 2,391 (220 ) (2,071 ) 100 Liabilities: Derivative liabilities subject to master netting arrangements 890 — 890 (220 ) (576 ) 94 Total liabilities $ 890 $ — $ 890 $ (220 ) $ (576 ) $ 94 |
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: June 29, 2019 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 $ 937 $ — $ 937 $ (258 ) $ (679 ) $ — Reverse repurchase agreements 1,650 — 1,650 — (1,650 ) — Total assets 2,587 — 2,587 (258 ) (2,329 ) — Liabilities: Derivative liabilities subject to master netting arrangements 325 — 325 (258 ) (62 ) 5 Total liabilities $ 325 $ — $ 325 $ (258 ) $ (62 ) $ 5 December 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 $ 292 $ — $ 292 $ (220 ) $ (72 ) $ — Reverse repurchase agreements 2,099 — 2,099 — (1,999 ) 100 Total assets 2,391 — 2,391 (220 ) (2,071 ) 100 Liabilities: Derivative liabilities subject to master netting arrangements 890 — 890 (220 ) (576 ) 94 Total liabilities $ 890 $ — $ 890 $ (220 ) $ (576 ) $ 94 |
Not Designated as Hedging Instrument [Member] | |
Derivative [Line Items] | |
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block] | The effects of derivative instruments not designated as hedging instruments on the consolidated condensed statements of income for each period were as follows: Three Months Ended Six Months Ended (In Millions) Location of Gains (Losses) Recognized in Income on Derivatives Jun 29, Jun 30, Jun 29, Jun 30, Foreign currency contracts Interest and other, net $ (20 ) $ 438 $ 37 $ 268 Interest rate contracts Interest and other, net (25 ) 6 (39 ) 20 Other Various 35 27 181 (4 ) Total $ (10 ) $ 471 $ 179 $ 284 |
Interest and other, net [Member] | Fair Value Hedging [Member] | |
Derivative [Line Items] | |
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block] | The effects of derivative instruments designated as fair value hedges, recognized in interest and other, net for each period were as follows: Three Months Ended Six Months Ended (In Millions) Jun 29, Jun 30, Jun 29, Jun 30, Interest rate contracts $ 554 $ (113 ) $ 1,039 $ (371 ) Hedged items (554 ) 113 (1,039 ) 371 Total $ — $ — $ — $ — |
Recent Accounting Standards a_4
Recent Accounting Standards and Accounting Policies (Details) - USD ($) $ in Millions | 6 Months Ended | 12 Months Ended | ||
Jun. 29, 2019 | Dec. 29, 2018 | Dec. 30, 2017 | Dec. 30, 2018 | |
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | ||||
Other long-term liabilities | $ 2,583 | $ 2,646 | ||
Lessor, Operating Lease, Renewal Term | 39 years | |||
Weighted average remaining lease term | 5 years | |||
Weighted average discount rate | 3.60% | |||
Lease expense | $ 94 | |||
Operating Lease Liabilities, Payments Due [Abstract] | ||||
Remainder of 2019 | 93 | |||
2020 | 173 | |||
2021 | 122 | |||
2022 | 96 | |||
2023 | 70 | |||
2024 and Thereafter | 107 | |||
Total | 661 | |||
Present value of lease payments | $ 604 | |||
Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract] | ||||
Lease expense | 231 | $ 264 | ||
2019 | 229 | |||
2020 | 181 | |||
2021 | 133 | |||
2022 | 101 | |||
2023 | 70 | |||
2024 and Thereafter | 121 | |||
Total | $ 835 | |||
Minimum [Member] | ||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | ||||
Remaining lease term | 1 year | |||
Maximum [Member] | ||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | ||||
Remaining lease term | 9 years | |||
Accounting Standards Update 2016-02 [Member] | ||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | ||||
Prepaid land use rights | $ 81 | |||
Accrued liabilities | 180 | |||
Other long-term liabilities | 445 | |||
Other Noncurrent Assets [Member] | ||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | ||||
Leased assets | $ 684 | |||
Other Noncurrent Assets [Member] | Accounting Standards Update 2016-02 [Member] | ||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | ||||
Leased assets | $ 706 | |||
Accrued Liabilities [Member] | ||||
Operating Lease Liabilities, Payments Due [Abstract] | ||||
Present value of lease payments | 178 | |||
Other Long-Term Liabilities [Member] | ||||
Operating Lease Liabilities, Payments Due [Abstract] | ||||
Present value of lease payments | $ 426 |
Business Segments (Detail)
Business Segments (Detail) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 29, 2019 | Jun. 30, 2018 | Jun. 29, 2019 | Jun. 30, 2018 | |
Segment Reporting Information [Line Items] | ||||
Net revenue | $ 16,505 | $ 16,962 | $ 32,566 | $ 33,028 |
Operating Income (Loss) | 4,617 | 5,273 | 8,791 | 9,743 |
Platform [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Net revenue | 13,369 | 13,910 | 26,500 | 27,068 |
Other Product Or Service [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Net revenue | 3,136 | 3,052 | 6,066 | 5,960 |
Internet of Things [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Net revenue | 1,187 | 1,053 | 2,306 | 2,044 |
Operating Income (Loss) | 347 | 287 | 666 | 524 |
Client Computing Group [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Net revenue | 8,841 | 8,728 | 17,427 | 16,948 |
Operating Income (Loss) | 3,737 | 3,234 | 6,809 | 6,025 |
Client Computing Group [Member] | Platform [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Net revenue | 7,925 | 8,065 | 15,749 | 15,680 |
Client Computing Group [Member] | Other Product Or Service [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Net revenue | 916 | 663 | 1,678 | 1,268 |
Data Center Group [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Net revenue | 4,983 | 5,549 | 9,885 | 10,783 |
Operating Income (Loss) | 1,800 | 2,737 | 3,641 | 5,339 |
Data Center Group [Member] | Other Product Or Service [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Net revenue | 430 | 449 | 850 | 859 |
Internet of Things Group [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Net revenue | 986 | 880 | 1,896 | 1,720 |
Operating Income (Loss) | 294 | 243 | 545 | 470 |
Mobileye [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Net revenue | 201 | 173 | 410 | 324 |
Operating Income (Loss) | 53 | 44 | 121 | 54 |
Non-Volatile Memory Solutions Group [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Net revenue | 940 | 1,079 | 1,855 | 2,119 |
Operating Income (Loss) | (284) | (65) | (581) | (146) |
Programmable Solutions Group [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Net revenue | 489 | 517 | 975 | 1,015 |
Operating Income (Loss) | 52 | 101 | 141 | 198 |
All other [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Net revenue | 65 | 36 | 118 | 119 |
Operating Income (Loss) | $ (1,035) | $ (1,021) | $ (1,885) | $ (2,197) |
Product Information (Detail)
Product Information (Detail) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 29, 2019 | Jun. 30, 2018 | Jun. 29, 2019 | Jun. 30, 2018 | |
Revenue from External Customer [Line Items] | ||||
Net revenue | $ 16,505 | $ 16,962 | $ 32,566 | $ 33,028 |
Desktop Platform [Member] | ||||
Revenue from External Customer [Line Items] | ||||
Net revenue | 2,767 | 2,954 | 5,653 | 5,861 |
Notebook Platform [Member] | ||||
Revenue from External Customer [Line Items] | ||||
Net revenue | 5,136 | 5,086 | 10,063 | 9,775 |
DCG Platform [Member] | ||||
Revenue from External Customer [Line Items] | ||||
Net revenue | 4,553 | 5,100 | 9,035 | 9,924 |
Other Platform [Member] | ||||
Revenue from External Customer [Line Items] | ||||
Net revenue | 22 | 25 | 33 | 44 |
Platform [Member] | ||||
Revenue from External Customer [Line Items] | ||||
Net revenue | 13,369 | 13,910 | 26,500 | 27,068 |
Other Product Or Service [Member] | ||||
Revenue from External Customer [Line Items] | ||||
Net revenue | $ 3,136 | $ 3,052 | $ 6,066 | $ 5,960 |
Earnings Per Share (Detail)
Earnings Per Share (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 29, 2019 | Jun. 30, 2018 | Jun. 29, 2019 | Jun. 30, 2018 | |
Earnings Per Share [Abstract] | ||||
Net income | $ 4,179 | $ 5,006 | $ 8,153 | $ 9,460 |
Weighted average shares of common stock outstanding – basic | 4,466 | 4,649 | 4,479 | 4,661 |
Dilutive effect of employee equity incentive plans (shares) | 40 | 52 | 46 | 59 |
Dilutive effect of convertible debt (shares) | 17 | 46 | 18 | 48 |
Weighted average shares of common stock outstanding – diluted | 4,523 | 4,747 | 4,543 | 4,768 |
Earnings per share - Basic (in dollars per share) | $ 0.94 | $ 1.08 | $ 1.82 | $ 2.03 |
Earnings per share - Diluted (in dollars per share) | $ 0.92 | $ 1.05 | $ 1.79 | $ 1.98 |
Contract Liabilities (Details)
Contract Liabilities (Details) - USD ($) $ in Millions | 6 Months Ended | |
Jun. 29, 2019 | Dec. 29, 2018 | |
Capitalized Contract Cost [Line Items] | ||
Contract with Customer, Liability | $ 2,305 | $ 2,709 |
Prepaid Supply Agreements [Member] | ||
Capitalized Contract Cost [Line Items] | ||
Contract with Customer, Liability | 2,143 | 2,587 |
Contract with Customer, Liability, Revenue Recognized | (444) | |
Software, Services and Other [Member] | ||
Capitalized Contract Cost [Line Items] | ||
Contract with Customer, Liability | $ 162 | $ 122 |
Other Financial Statement Det_3
Other Financial Statement Details Inventories (Details) - USD ($) $ in Millions | Jun. 29, 2019 | Dec. 29, 2018 |
Inventory, Net [Abstract] | ||
Raw materials | $ 808 | $ 813 |
Work in process | 5,612 | 4,511 |
Finished goods | 2,276 | 1,929 |
Total inventories | $ 8,696 | $ 7,253 |
Other Financial Statement Det_4
Other Financial Statement Details Interest and Other, Net (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 29, 2019 | Jun. 30, 2018 | Jun. 29, 2019 | Jun. 30, 2018 | |
Other Nonoperating Income (Expense) [Abstract] | ||||
Interest income | $ 125 | $ 108 | $ 260 | $ 199 |
Interest expense | (135) | (116) | (273) | (228) |
Other, net | (53) | 467 | (111) | 386 |
Total interest and other, net | (63) | 459 | (124) | 357 |
Interest Costs Capitalized | $ 120 | 126 | $ 245 | $ 239 |
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal | $ 494 |
Restructuring and Other Charg_3
Restructuring and Other Charges (Detail) - Restructuring Program - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 29, 2019 | Jun. 30, 2018 | Jun. 29, 2019 | Jun. 30, 2018 | |
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring and other charges | $ 184 | $ 0 | $ 184 | $ 0 |
Employee severance and benefit arrangements | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring and other charges | 168 | 0 | 168 | 0 |
Asset impairment and other charges | ||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring and other charges | $ 16 | $ 0 | $ 16 | $ 0 |
Investments, Trading Assets (De
Investments, Trading Assets (Detail) - Debt Securities [Member] - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 29, 2019 | Jun. 30, 2018 | Jun. 29, 2019 | Jun. 30, 2018 | |
Schedule Of Trading Securities And Other Trading Assets [Line Items] | ||||
Debt Securities, Trading, Unrealized Gain (Loss) | $ 99 | $ 326 | $ 117 | $ 214 |
Unrealized Gain (Loss) on Derivatives | $ (102) | $ 316 | $ (104) | $ 221 |
Investments, Available-for-Sale
Investments, Available-for-Sale Debt Investments (Detail) - USD ($) $ in Millions | Jun. 29, 2019 | Dec. 29, 2018 |
Debt Securities, Available-for-sale [Line Items] | ||
Adjusted Cost | $ 7,097 | $ 7,213 |
Gross Unrealized Gains | 69 | 6 |
Gross Unrealized Losses | (5) | (48) |
Fair Value | 7,161 | 7,171 |
Due in 1 year or less | 3,174 | |
Due in 1–2 years | 733 | |
Due in 2–5 years | 2,722 | |
Due after 5 years | 122 | |
Instruments not due at a single maturity date | 410 | |
Corporate Debt Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Adjusted Cost | 3,160 | 3,068 |
Gross Unrealized Gains | 45 | 2 |
Gross Unrealized Losses | (4) | (28) |
Fair Value | 3,201 | 3,042 |
Fixed Income Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Adjusted Cost | 3,034 | 3,076 |
Gross Unrealized Gains | 18 | 3 |
Gross Unrealized Losses | (1) | (11) |
Fair Value | 3,051 | 3,068 |
Government Debt [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Adjusted Cost | 903 | 1,069 |
Gross Unrealized Gains | 6 | 1 |
Gross Unrealized Losses | 0 | (9) |
Fair Value | $ 909 | $ 1,061 |
Investments, Equity Investments
Investments, Equity Investments (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | |||
Jun. 29, 2019 | Jun. 30, 2018 | Jun. 29, 2019 | Jun. 30, 2018 | Dec. 29, 2018 | |
Schedule of Investments [Line Items] | |||||
Marketable Securities | $ 197 | $ 197 | $ 1,440 | ||
Cost Method Investments | 3,134 | 3,134 | 2,978 | ||
Equity Method Investments | 1,298 | 1,298 | 1,624 | ||
Equity Investments | 4,629 | 4,629 | $ 6,042 | ||
Mark to market on marketable equity securities1 | (179) | $ (235) | 74 | $ 371 | |
Observable price adjustments on non-marketable | 8 | 24 | 16 | 148 | |
Impairments | (39) | (26) | (62) | (43) | |
Other Net Equity Investments | 380 | 34 | 576 | (36) | |
Gain (Loss) on Investments | 170 | (203) | 604 | 440 | |
Net gains (losses) recognized during the period on equity securities | (178) | (133) | 84 | 592 | |
Less: Net (gains) losses recognized during the period on equity securities sold during the period | (33) | (11) | (258) | (49) | |
Unrealized gains (losses) recognized during the reporting period on equity securities still held at the reporting date | (211) | (144) | (174) | 543 | |
IM Flash Technologies, LLC [Member] | |||||
Schedule of Investments [Line Items] | |||||
Equity Method Investments | 1,300 | 1,300 | |||
Related Party Transaction, Purchases from Related Party | $ 224 | $ 144 | $ 356 | $ 227 |
Investments, Equity Method Inve
Investments, Equity Method Investments (Detail) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | |||
Jun. 29, 2019 | Jun. 30, 2018 | Jun. 29, 2019 | Jun. 30, 2018 | Dec. 29, 2018 | |
Schedule of Equity Method Investments [Line Items] | |||||
Carrying Value, equity method investments | $ 1,298 | $ 1,298 | $ 1,624 | ||
Marketable Securities | $ 197 | $ 197 | 1,440 | ||
ASML Holding N.V. [Member] | |||||
Schedule of Equity Method Investments [Line Items] | |||||
Marketable Securities | $ 1,100 | ||||
IM Flash Technologies, LLC [Member] | |||||
Schedule of Equity Method Investments [Line Items] | |||||
Ownership Percentage | 49.00% | 49.00% | |||
Related Party Transaction, Purchases from Related Party | $ 224 | $ 144 | $ 356 | $ 227 | |
Amount repaid from equity method investment | 316 | ||||
Carrying Value, equity method investments | $ 1,300 | $ 1,300 |
Borrowings Borrowings, Narrativ
Borrowings Borrowings, Narrative (Details) - Unsecured general obligations - Arizona bonds | Jun. 29, 2019USD ($) |
Debt Instrument [Line Items] | |
Debt instrument, face amount | $ 601,000,000 |
Interest rate | 5.00% |
Fair Value (Detail)
Fair Value (Detail) - USD ($) $ in Millions | Jun. 29, 2019 | Dec. 29, 2018 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Reverse repurchase agreements | $ 1,650 | $ 2,099 |
Trading assets, Fair Value Disclosure | 6,663 | 5,843 |
Derivative assets, Fair Value Disclosure | 937 | 292 |
Derivative liabilities, Fair Value Disclosure | 325 | 890 |
Cost Method Investments | 3,134 | 2,978 |
Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets, Fair Value Disclosure | 16,828 | 17,167 |
Liabilities, Fair Value Disclosure | 336 | 895 |
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 | 833 |
Short-term and Long-term Debt, Fair Value | 30,000 | 27,100 |
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 | 2,755 | 2,635 |
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 | 1,524 | 1,340 |
Government Debt [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Trading assets, Fair Value Disclosure | 2,384 | 1,868 |
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 | 197 | 1,440 |
Cash Equivalents [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Reverse repurchase agreements | 1,300 | 1,850 |
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 | 417 | 262 |
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 | 753 | 733 |
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 | 810 | 937 |
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 | 1,324 | 1,423 |
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 | 280 | 428 |
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 | 254 | 180 |
Loans receivable, Fair Value Disclosure | 57 | 354 |
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 | 1,974 | 1,843 |
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 | 974 | 912 |
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 | 629 | 633 |
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 | 689 | 100 |
Loans receivable, Fair Value Disclosure | 507 | 229 |
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 | 303 | 412 |
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 | 33 | 483 |
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 | 690 | 2,057 |
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 | 54 | 67 |
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 | 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 | 197 | 1,440 |
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 | 410 | 550 |
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 | 29 | 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 | 16,138 | 15,110 |
Liabilities, Fair Value Disclosure | 318 | 827 |
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 | 2,755 | 2,635 |
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 | 1,470 | 1,273 |
Level 2 [Member] | Government Debt [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Trading assets, Fair Value Disclosure | 2,384 | 1,868 |
Level 2 [Member] | Marketable Equity Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Level 2 [Member] | Cash Equivalents [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Reverse repurchase agreements | 1,300 | 1,850 |
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 | 417 | 262 |
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 | 343 | 183 |
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 | 810 | 937 |
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 | 1,324 | 1,423 |
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 | 280 | 428 |
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 | 225 | 180 |
Loans receivable, Fair Value Disclosure | 57 | 354 |
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 | 1,974 | 1,843 |
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 | 974 | 912 |
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 | 629 | 633 |
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 | 689 | 100 |
Loans receivable, Fair Value Disclosure | 507 | 229 |
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 | 303 | 412 |
Level 2 [Member] | Other Long-Term Liabilities [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative liabilities, Fair Value Disclosure | 15 | 415 |
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 | 0 |
Liabilities, Fair Value Disclosure | 18 | 68 |
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] | 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] | 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 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 | 0 |
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 | 0 |
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 | $ 18 | $ 68 |
Derivative Financial Instrume_3
Derivative Financial Instruments (Detail) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||
Jun. 29, 2019 | Jun. 30, 2018 | Jun. 29, 2019 | Jun. 30, 2018 | Dec. 29, 2018 | |
Notional Disclosures [Abstract] | |||||
Derivative, Notional Amount | $ 47,218 | $ 47,218 | $ 43,026 | ||
Offsetting Derivative Assets [Abstract] | |||||
Derivative Assets, Fair Value, Gross Amounts | 937 | 937 | 292 | ||
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 | 937 | 937 | 292 | ||
Derivative Assets, Financial Instruments Not Offset in the Balance Sheet | (258) | (258) | (220) | ||
Derivative Assets, Cash Collateral Not Offset in the Balance Sheet | (679) | (679) | (72) | ||
Derivative Assets Subject to Master Netting Arrangements, Net Amount | 0 | 0 | 0 | ||
Reverse Repurchase Agreements, Gross Amounts Recognized | 1,650 | 1,650 | 2,099 | ||
Reverse Repurchase Agreements, Gross Amounts Offset In The Balance Sheet | 0 | 0 | 0 | ||
Reverse Repurchase Agreements, Net Amount Presented in the Balance Sheet | 1,650 | 1,650 | 2,099 | ||
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 | (1,650) | (1,650) | (1,999) | ||
Reverse Repurchase Agreements, Net Amount | 0 | 0 | 100 | ||
Total Assets, Gross Amounts Recognized | 2,587 | 2,587 | 2,391 | ||
Total Assets, Gross Amounts Offset in the Balance Sheet | 0 | 0 | 0 | ||
Total Assets, Net Amounts Presented in the Balance Sheet | 2,587 | 2,587 | 2,391 | ||
Total Assets, Financial Instruments, Not Offset in the Balance Sheet | (258) | (258) | (220) | ||
Total Assets, Cash and Non Cash Collateral, Not Offset in the Balance Sheet | (2,329) | (2,329) | (2,071) | ||
Total Assets, Net Amount | 0 | 0 | 100 | ||
Offsetting Derivative Liabilities [Abstract] | |||||
Derivative Liabilities, Fair Value, Gross Amounts | 325 | 325 | 890 | ||
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 | 325 | 325 | 890 | ||
Derivative Liabilities, Financial Instruments Not Offset in the Balance Sheet | (258) | (258) | (220) | ||
Derivative Liabilities, Cash Collateral Not Offset in the Balance Sheet | (62) | (62) | (576) | ||
Derivative Liabilities Subject to Master Netting Arrangements, Net Amount | 5 | 5 | 94 | ||
Effect of Fair Value Hedges on Results of Operations [Abstract] | |||||
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge | (554) | $ 113 | (1,039) | $ 371 | |
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 | 943 | 943 | 280 | ||
Liabilities | |||||
Offsetting Derivative Liabilities [Abstract] | |||||
Derivative Liabilities, Fair Value, Gross Amounts | 336 | 336 | 895 | ||
Designated as Hedging Instrument [Member] | Assets | |||||
Offsetting Derivative Assets [Abstract] | |||||
Derivative Assets, Fair Value, Gross Amounts | 775 | 775 | 128 | ||
Designated as Hedging Instrument [Member] | Liabilities | |||||
Offsetting Derivative Liabilities [Abstract] | |||||
Derivative Liabilities, Fair Value, Gross Amounts | 110 | 110 | 718 | ||
Not Designated as Hedging Instrument [Member] | |||||
Derivative Instruments Not Designated as Hedging Instruments [Abstract] | |||||
Gains (Losses) Recognized in Income On Derivatives | (10) | 471 | 179 | 284 | |
Not Designated as Hedging Instrument [Member] | Assets | |||||
Offsetting Derivative Assets [Abstract] | |||||
Derivative Assets, Fair Value, Gross Amounts | 168 | 168 | 152 | ||
Not Designated as Hedging Instrument [Member] | Liabilities | |||||
Offsetting Derivative Liabilities [Abstract] | |||||
Derivative Liabilities, Fair Value, Gross Amounts | 226 | 226 | 177 | ||
Foreign currency contracts | |||||
Notional Disclosures [Abstract] | |||||
Derivative, Notional Amount | 23,293 | 23,293 | 19,223 | ||
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) | 122 | (339) | 151 | (134) | |
Foreign currency contracts | Designated as Hedging Instrument [Member] | Assets | |||||
Offsetting Derivative Assets [Abstract] | |||||
Derivative Assets, Fair Value, Gross Amounts | 106 | 106 | 44 | ||
Foreign currency contracts | Designated as Hedging Instrument [Member] | Liabilities | |||||
Offsetting Derivative Liabilities [Abstract] | |||||
Derivative Liabilities, Fair Value, Gross Amounts | 90 | 90 | 244 | ||
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 | (20) | 438 | 37 | 268 | |
Foreign currency contracts | Not Designated as Hedging Instrument [Member] | Assets | |||||
Offsetting Derivative Assets [Abstract] | |||||
Derivative Assets, Fair Value, Gross Amounts | 134 | 134 | 132 | ||
Foreign currency contracts | Not Designated as Hedging Instrument [Member] | Liabilities | |||||
Offsetting Derivative Liabilities [Abstract] | |||||
Derivative Liabilities, Fair Value, Gross Amounts | 170 | 170 | 155 | ||
Interest rate contracts | |||||
Notional Disclosures [Abstract] | |||||
Derivative, Notional Amount | 22,292 | 22,292 | 22,447 | ||
Effect of Fair Value Hedges on Results of Operations [Abstract] | |||||
Change in Unrealized Gain (Loss) on Fair Value Hedging Instruments | 554 | (113) | 1,039 | (371) | |
Interest rate contracts | Designated as Hedging Instrument [Member] | Assets | |||||
Offsetting Derivative Assets [Abstract] | |||||
Derivative Assets, Fair Value, Gross Amounts | 669 | 669 | 84 | ||
Interest rate contracts | Designated as Hedging Instrument [Member] | Liabilities | |||||
Offsetting Derivative Liabilities [Abstract] | |||||
Derivative Liabilities, Fair Value, Gross Amounts | 20 | 20 | 474 | ||
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 | (25) | 6 | (39) | 20 | |
Interest rate contracts | Not Designated as Hedging Instrument [Member] | Assets | |||||
Offsetting Derivative Assets [Abstract] | |||||
Derivative Assets, Fair Value, Gross Amounts | 5 | 5 | 20 | ||
Interest rate contracts | Not Designated as Hedging Instrument [Member] | Liabilities | |||||
Offsetting Derivative Liabilities [Abstract] | |||||
Derivative Liabilities, Fair Value, Gross Amounts | 52 | 52 | 22 | ||
Other | |||||
Notional Disclosures [Abstract] | |||||
Derivative, Notional Amount | 1,633 | 1,633 | 1,356 | ||
Other | Not Designated as Hedging Instrument [Member] | Various [Member] | |||||
Derivative Instruments Not Designated as Hedging Instruments [Abstract] | |||||
Gains (Losses) Recognized in Income On Derivatives | 35 | $ 27 | 181 | $ (4) | |
Other | Not Designated as Hedging Instrument [Member] | Assets | |||||
Offsetting Derivative Assets [Abstract] | |||||
Derivative Assets, Fair Value, Gross Amounts | 29 | 29 | 0 | ||
Other | Not Designated as Hedging Instrument [Member] | Liabilities | |||||
Offsetting Derivative Liabilities [Abstract] | |||||
Derivative Liabilities, Fair Value, Gross Amounts | 4 | 4 | 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 | |||
Derivative, Fair Value, Net | $ (20,661) | (20,661) | (19,622) | ||
Derivative Instruments Not Designated as Hedging Instruments [Abstract] | |||||
Gains (Losses) Recognized in Income On Derivatives | $ (649) | $ 390 |
Contingencies (Detail)
Contingencies (Detail) $ / shares in Units, € in Billions, $ in Billions | 1 Months Ended | 6 Months Ended | |||
Jun. 30, 2012$ / shares | May 31, 2009USD ($) | May 31, 2009EUR (€) | Jun. 29, 2019lawsuit | Aug. 19, 2010$ / shares | |
Class Action [Domain] | Pending Litigation [Member] | |||||
Loss Contingencies [Line Items] | |||||
Loss Contingency, New Claims Filed, Number | 48 | ||||
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 |
Uncategorized Items - a06292019
Label | Element | Value |
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Adjusted Balance | us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1 | $ 69,653,000,000 |
AOCI Attributable to Parent [Member] | ||
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Adjusted Balance | us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1 | (928,000,000) |
Common Stock Including Additional Paid in Capital [Member] | ||
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Adjusted Balance | us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1 | $ 26,074,000,000 |
Common Stock, Shares, Outstanding | us-gaap_CommonStockSharesOutstanding | 4,687,000,000 |
Retained Earnings [Member] | ||
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Adjusted Balance | us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1 | $ 44,507,000,000 |