Retirement Benefit Plans (Tables)
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12 Months Ended |
Dec. 31, 2016 |
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| Defined Benefit Plan Disclosure [Line Items] |
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| Schedule of Changes in Projected Benefit Obligations [Table Text Block] |
The vested benefit obligation for a defined benefit pension plan is the actuarial present value of the vested benefits to which the employee is currently entitled based on the employee's expected date of separation or retirement. The changes in the projected benefit obligations and fair value of plan assets at the end of each period for the plans described above were as follows:
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U.S. Pension Benefits |
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Non-U.S. Pension
Benefits
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U.S. Postretirement
Medical Benefits
|
(In Millions) |
|
Dec 31,
2016 |
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Dec 26,
2015 |
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Dec 31,
2016 |
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Dec 26,
2015 |
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Dec 31,
2016 |
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Dec 26,
2015 |
Beginning projected benefit obligation |
|
$ |
990 |
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$ |
892 |
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$ |
2,140 |
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$ |
2,423 |
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$ |
560 |
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$ |
546 |
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Service cost |
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17 |
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|
18 |
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|
113 |
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|
128 |
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|
26 |
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|
30 |
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Interest cost |
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43 |
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|
33 |
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|
63 |
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|
63 |
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|
23 |
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21 |
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Actuarial (gain) loss |
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482 |
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126 |
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|
93 |
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(250 |
) |
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(26 |
) |
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(21 |
) |
Currency exchange rate changes |
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— |
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— |
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(80 |
) |
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(190 |
) |
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— |
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— |
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Plan settlements |
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(162 |
) |
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(70 |
) |
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(40 |
) |
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— |
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— |
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— |
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Other |
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9 |
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(9 |
) |
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(28 |
) |
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(34 |
) |
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5 |
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(16 |
) |
Ending projected benefit obligation |
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$ |
1,379 |
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$ |
990 |
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$ |
2,261 |
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$ |
2,140 |
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$ |
588 |
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$ |
560 |
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| Schedule of Changes in Fair Value of Plan Assets [Table Text Block] |
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U.S. Pension Benefits |
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Non-U.S. Pension
Benefits
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U.S. Postretirement
Medical Benefits
|
(In Millions) |
|
Dec 31,
2016 |
|
Dec 26,
2015 |
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Dec 31,
2016 |
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Dec 26,
2015 |
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Dec 31,
2016 |
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Dec 26,
2015 |
Beginning fair value of plan assets |
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$ |
627 |
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|
$ |
623 |
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$ |
1,011 |
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$ |
1,017 |
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$ |
410 |
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$ |
427 |
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Actual return on plan assets |
|
41 |
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(4 |
) |
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40 |
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|
42 |
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29 |
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|
6 |
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Employer contributions |
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289 |
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|
90 |
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|
127 |
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|
72 |
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— |
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|
1 |
|
Currency exchange rate changes |
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— |
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— |
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(26 |
) |
|
(66 |
) |
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— |
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— |
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Plan settlements |
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(162 |
) |
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(70 |
) |
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(40 |
) |
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— |
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— |
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— |
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Benefits paid to plan participants |
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(11 |
) |
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— |
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(73 |
) |
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(84 |
) |
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(26 |
) |
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(17 |
) |
Other |
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(2 |
) |
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(12 |
) |
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(125 |
) |
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30 |
|
|
(4 |
) |
|
(7 |
) |
Ending fair value of plan assets |
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$ |
782 |
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|
$ |
627 |
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$ |
914 |
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$ |
1,011 |
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$ |
409 |
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$ |
410 |
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| Schedule of Amounts Recognized in Balance Sheet [Table Text Block] |
The amounts recognized on the consolidated balance sheets at the end of each period were as follows:
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U.S. Pension Benefits |
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Non-U.S. Pension
Benefits
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U.S. Postretirement
Medical Benefits
|
(In Millions) |
|
Dec 31,
2016 |
|
Dec 26,
2015 |
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Dec 31,
2016 |
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Dec 26,
2015 |
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Dec 31,
2016 |
|
Dec 26,
2015 |
Other long-term assets |
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$ |
— |
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$ |
— |
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$ |
— |
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$ |
15 |
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$ |
— |
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$ |
— |
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Accrued compensation and benefits |
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— |
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— |
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(4 |
) |
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— |
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— |
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— |
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Other long-term liabilities |
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(597 |
) |
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(363 |
) |
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(1,343 |
) |
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(1,144 |
) |
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(179 |
) |
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(150 |
) |
Accumulated other comprehensive loss (income), before tax |
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548 |
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|
158 |
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1,055 |
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|
908 |
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12 |
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39 |
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Net amount recognized |
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$ |
(49 |
) |
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$ |
(205 |
) |
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$ |
(292 |
) |
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$ |
(221 |
) |
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$ |
(167 |
) |
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$ |
(111 |
) |
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| Schedule of Net Periodic Benefit Cost Not yet Recognized [Table Text Block] |
The amounts recorded in accumulated other comprehensive income (loss) before taxes at the end of each period were as follows:
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U.S. Pension Benefits |
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Non-U.S. Pension
Benefits
|
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U.S. Postretirement
Medical Benefits
|
(In Millions) |
|
Dec 31,
2016 |
|
Dec 26,
2015 |
|
Dec 31,
2016 |
|
Dec 26,
2015 |
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Dec 31,
2016 |
|
Dec 26,
2015 |
Net prior service credit (cost) |
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$ |
— |
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$ |
— |
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$ |
(17 |
) |
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$ |
(12 |
) |
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$ |
(38 |
) |
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$ |
(43 |
) |
Net actuarial gain (loss) |
|
(548 |
) |
|
(158 |
) |
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(1,038 |
) |
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(896 |
) |
|
26 |
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|
4 |
|
Accumulated other comprehensive income (loss), before tax |
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$ |
(548 |
) |
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$ |
(158 |
) |
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$ |
(1,055 |
) |
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$ |
(908 |
) |
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$ |
(12 |
) |
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$ |
(39 |
) |
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| Schedule of Benefit Obligations in Excess of Fair Value of Plan Assets [Table Text Block] |
As of December 31, 2016, the accumulated benefit obligation was $1.3 billion for the U.S. Intel Minimum Pension Plan ($899 million as of December 26, 2015) and $1.7 billion for the non-U.S. defined-benefit pension plans ($1.6 billion as of December 26, 2015). Included in the aggregate data in the following tables are the amounts applicable to our pension plans with accumulated benefit obligations in excess of plan assets, as well as plans with projected benefit obligations in excess of plan assets. Amounts related to such plans at the end of each period were as follows:
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|
U.S. Pension Benefits |
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Non-U.S. Pension
Benefits
|
(In Millions) |
|
Dec 31,
2016 |
|
Dec 26,
2015 |
|
Dec 31,
2016 |
|
Dec 26,
2015 |
Plans with accumulated benefit obligations in excess of plan assets: |
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Accumulated benefit obligations |
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$ |
1,282 |
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$ |
899 |
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$ |
1,694 |
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$ |
1,239 |
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Plan assets |
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$ |
782 |
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$ |
627 |
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$ |
914 |
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$ |
645 |
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Plans with projected benefit obligations in excess of plan assets: |
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Projected benefit obligations |
|
$ |
1,379 |
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|
$ |
990 |
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|
$ |
2,261 |
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|
$ |
2,079 |
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Plan assets |
|
$ |
782 |
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$ |
627 |
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$ |
914 |
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$ |
934 |
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| Schedule of Assumptions Used [Table Text Block] |
Weighted average actuarial assumptions used to determine benefit obligations for the plans at the end of each period were as follows:
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|
U.S. Pension Benefits |
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Non-U.S. Pension
Benefits
|
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U.S. Postretirement
Medical Benefits
|
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|
Dec 31,
2016 |
|
Dec 26,
2015 |
|
Dec 31,
2016 |
|
Dec 26,
2015 |
|
Dec 31,
2016 |
|
Dec 26,
2015 |
Discount rate |
|
4.3 |
% |
|
4.0 |
% |
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2.5 |
% |
|
3.1 |
% |
|
4.2 |
% |
|
4.1 |
% |
Rate of compensation increase |
|
3.6 |
% |
|
3.7 |
% |
|
3.6 |
% |
|
3.8 |
% |
|
n/a |
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|
n/a |
|
Weighted average actuarial assumptions used to determine costs for the plans for each period were as follows:
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U.S. Pension Benefits |
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Non-U.S. Pension Benefits |
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U.S. Postretirement
Medical Benefits
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2016 |
|
2015 |
|
2014 |
|
2016 |
|
2015 |
|
2014 |
|
2016 |
|
2015 |
|
2014 |
Discount rate |
|
3.7 |
% |
|
3.8 |
% |
|
4.6 |
% |
|
3.1 |
% |
|
2.8 |
% |
|
4.0 |
% |
|
3.8 |
% |
|
3.9 |
% |
|
4.6 |
% |
Expected long-term rate of return on plan assets |
|
5.6 |
% |
|
6.1 |
% |
|
5.4 |
% |
|
5.5 |
% |
|
5.7 |
% |
|
5.7 |
% |
|
7.0 |
% |
|
7.4 |
% |
|
7.4 |
% |
Rate of compensation increase |
|
3.7 |
% |
|
3.8 |
% |
|
3.8 |
% |
|
3.8 |
% |
|
4.0 |
% |
|
4.1 |
% |
|
n/a |
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|
n/a |
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|
n/a |
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| Schedule of Expected Benefit Payments [Table Text Block] |
Estimated benefit payments over the next 10 fiscal years are as follows:
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(In Millions) |
|
U.S. Pension
Benefits
|
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Non-U.S.
Pension
Benefits
|
|
U.S.
Postretirement
Medical
Benefits
|
2017 |
|
$ |
80 |
|
|
$ |
23 |
|
|
$ |
29 |
|
2018 |
|
$ |
88 |
|
|
$ |
25 |
|
|
$ |
31 |
|
2019 |
|
$ |
85 |
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|
$ |
25 |
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$ |
33 |
|
2020 |
|
$ |
85 |
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$ |
28 |
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$ |
35 |
|
2021 |
|
$ |
89 |
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|
$ |
30 |
|
|
$ |
38 |
|
2022-2026 |
|
$ |
415 |
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|
$ |
213 |
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|
$ |
238 |
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| U.S. Pension Benefits [Member] |
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| Defined Benefit Plan Disclosure [Line Items] |
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| Schedule of Allocation of Plan Assets [Table Text Block] |
U.S. Intel Minimum Pension Plan assets measured at fair value on a recurring basis consisted of the following investment categories at the end of each period:
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December 31, 2016 |
|
Dec 26,
2015 |
|
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Fair Value Measured at Reporting Date Using |
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(In Millions) |
|
Level 1 |
|
Level 2 |
|
Level 3 |
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Total |
|
Total |
Equity securities |
|
$ |
80 |
|
|
$ |
1 |
|
|
$ |
— |
|
|
$ |
81 |
|
|
$ |
56 |
|
Fixed income |
|
20 |
|
|
187 |
|
|
51 |
|
|
258 |
|
|
200 |
|
Other investments |
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
4 |
|
Assets measured by fair value hierarchy |
|
$ |
100 |
|
|
$ |
188 |
|
|
$ |
51 |
|
|
$ |
339 |
|
|
$ |
260 |
|
Assets measured at net asset value |
|
|
|
|
|
|
|
436 |
|
|
367 |
|
Cash |
|
|
|
|
|
|
|
7 |
|
|
— |
|
Total U.S. pension plan assets at fair value |
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|
|
|
|
|
$ |
782 |
|
|
$ |
627 |
|
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| Non-U.S. Pension Benefits [Member] |
|
| Defined Benefit Plan Disclosure [Line Items] |
|
| Schedule of Allocation of Plan Assets [Table Text Block] |
Non-U.S. plan assets measured at fair value on a recurring basis consisted of the following investment categories at the end of each period:
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|
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|
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|
December 31, 2016 |
|
Dec 26,
2015 |
|
|
Fair Value Measured at Reporting Date Using |
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|
(In Millions) |
|
Level 1 |
|
Level 2 |
|
Level 3 |
|
Total |
|
Total |
Equity securities |
|
$ |
231 |
|
|
$ |
— |
|
|
$ |
16 |
|
|
$ |
247 |
|
|
$ |
238 |
|
Fixed income |
|
— |
|
|
30 |
|
|
16 |
|
|
46 |
|
|
99 |
|
Assets measured by fair value hierarchy |
|
$ |
231 |
|
|
$ |
30 |
|
|
$ |
32 |
|
|
$ |
293 |
|
|
$ |
337 |
|
Assets measured at net asset value |
|
|
|
|
|
|
|
608 |
|
|
652 |
|
Cash |
|
|
|
|
|
|
|
13 |
|
|
22 |
|
Total non-U.S. plan assets at fair value |
|
|
|
|
|
|
|
$ |
914 |
|
|
$ |
1,011 |
|
|