Quarterly report pursuant to Section 13 or 15(d)

Acquisitions (Tables)

v3.5.0.2
Acquisitions (Tables)
 6 Months Ended
Jul. 02, 2016
Business Acquisition [Line Items]  
Business Acquisition, Pro Forma Information [Table Text Block]
The pro forma financial results presented below do not include any anticipated synergies or other expected benefits of the acquisitions. This is presented for informational purposes only and is not indicative of future operations or results that would have been achieved had the acquisitions been completed as of the beginning of our 2015 fiscal year.
 
 
Three Months Ended
 
Six Months Ended
(In Millions, Except Per Share Amounts)
 
Jul 2,
2016
 
Jun 27,
2015
 
Jul 2,
2016
 
Jun 27,
2015
Net revenue
 
$
13,533

 
$
13,609

 
$
27,334

 
$
26,727

Net income
 
$
1,458

 
$
2,381

 
$
3,855

 
$
3,980

Diluted earnings per share
 
$
0.30

 
$
0.48

 
$
0.79

 
$
0.81

Altera Corporation [Member]  
Business Acquisition [Line Items]  
Schedule of Business Acquisitions, by Acquisition [Table Text Block]
Total consideration to acquire Altera was $14.5 billion (net of $2.0 billion of cash and cash equivalents acquired) and comprised the following:
(In Millions)
 
 
Cash, net of cash acquired
 
$
14,401

Share-based awards assumed
 
50

Total
 
$
14,451

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]
The preliminary fair values of the assets acquired and liabilities assumed by major class in the acquisition of Altera were recognized as follows:
(In Millions)
 
 
Short-term investments
 
$
182

Receivables
 
368

Inventory
 
555

Other current assets
 
123

Property, plant & equipment
 
312

Goodwill
 
5,433

Identified intangible assets
 
7,566

Other long-term investments and assets
 
2,495

Deferred income
 
(336
)
Other liabilities
 
(263
)
Long-term debt
 
(1,535
)
Deferred tax liabilities
 
(449
)
Total
 
$
14,451

Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]
The identified intangible assets assumed in the acquisition of Altera were recognized as follows based upon their fair values as of December 28, 2015:
 
 
Fair Value
(In Millions)
 
Weighted Average Estimated Useful Life
(In Years)
Developed technology
 
$
5,757

 
9
Customer relationships
 
1,121

 
12
Brands
 
87

 
6
Identified intangible assets subject to amortization
 
6,965

 
 
In-process research and development
 
601

 
 
Identified intangible assets not subject to amortization
 
601

 
 
Total identified intangible assets
 
$
7,566