Change in Accounting Estimate |
6 Months Ended |
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Jul. 02, 2016 | |
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| Accounting Changes [Text Block] |
Note 2: Change in Accounting Estimate
During our 2015 annual assessment of the useful lives of our property, plant, and equipment, we determined that the useful lives of machinery and equipment in our wafer fabrication facilities should be increased from 4 to 5 years. This change in estimate was applied prospectively, effective at the beginning of the first quarter of 2016. During the three months ended July 2, 2016, this change increased our operating income by approximately $300 million, our net income by approximately $200 million, and our diluted earnings per share by approximately $0.04. During the six months ended July 2, 2016, this change increased our operating income by approximately $500 million, our net income by approximately $350 million, and our diluted earnings per share by approximately $0.07.
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- Definition The entire disclosure for reporting accounting changes, excludes error corrections information. No definition available.
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- References No definition available.
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