Intel Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Fair Value (Tables)

Fair Value (Tables)

9 Months Ended

Oct. 01, 2011

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 consisted of the following types of instruments as of October 1, 2011 and December 25, 2010:

		October 1, 2011								December 25, 2010
		Fair Value Measured and								Fair Value Measured and
		Recorded at Reporting Date Using								Recorded at Reporting Date Using
(In Millions)		Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Assets
Cash equivalents:
	Commercial paper	$	—	$	3,457	$	—	$	3,457	$	—	$	2,600	$	—	$	2,600
	Government bonds		1,650		—		—		1,650		1,279		505		—		1,784
	Bank deposits		—		499		—		499		—		560		—		560
	Money market fund deposits		463		—		—		463		34		—		—		34
Short-term investments:
	Commercial paper		—		2,403		—		2,403		—		2,712		—		2,712
	Corporate bonds		144		525		7		676		121		1,378		1		1,500
	Government bonds		82		373		—		455		4,890		1,320		—		6,210
	Bank deposits		—		342		—		342		—		858		—		858
	Asset-backed securities		—		—		—		—		—		—		14		14
Trading assets:
	Government bonds		883		1,683		—		2,566		311		2,115		—		2,426
	Corporate bonds		201		540		—		741		199		916		—		1,115
	Commercial paper		—		404		—		404		—		488		—		488
	Municipal bonds		—		288		—		288		—		375		—		375
	Asset-backed securities		—		—		130		130		—		—		190		190
	Bank deposits		—		89		—		89		—		108		—		108
	Money market fund deposits		41		—		—		41		3		—		—		3
	Marketable equity securities		6		—		—		6		388		—		—		388
Other current assets:
	Marketable equity securities
	Derivative assets		—		224		—		224		—		330		—		330
	Loans receivable		—		34		—		34		—		—		—		—
Marketable equity securities			448		68		—		516		785		223		—		1,008
Other long-term investments:
	Corporate bonds		34		340		59		433		104		601		50		755
	Government bonds		—		300		—		300		83		2,002		—		2,085
	Bank deposits		—		75		—		75		—		133		—		133
	Asset-backed securities		—		—		50		50		—		—		53		53
Other long-term assets:
	Loans receivable		—		745		—		745		—		642		—		642
	Derivative assets		—		20		30		50		—		19		31		50
Total assets measured and
	recorded at fair value	$	3,952	$	12,409	$	276	$	16,637	$	8,197	$	17,885	$	339	$	26,421

Liabilities
Other accrued liabilities:
	Derivative liabilities	$	—	$	279	$	11	$	290	$	—	$	201	$	7	$	208
Long-term debt			—		—		129		129		—		—		128		128
Other long-term liabilities:
	Derivative liabilities		—		32		—		32		—		47		—		47
Total liabilities measured and
	recorded at fair value	$	—	$	311	$	140	$	451	$	—	$	248	$	135	$	383

Assets/Liabilities Measured and Recorded at Fair Value on a Recurring Basis (Significant Unobservable Inputs [Level 3]) [Table Text Block]

The tables below present reconciliations for all assets and liabilities measured and recorded at fair value on a recurring basis using significant unobservable inputs (Level 3) for the nine months ended October 1, 2011 and for the twelve months ended December 25, 2010:

		Fair Value Measured and Recorded Using
		Significant Unobservable Inputs (Level 3)
		Corporate		Asset-Backed		Derivative		Derivative		Long-term		Total Gains
(In Millions)		Bonds		Securities		Assets		Liabilities		Debt		(Losses)
Balance as of December 25, 2010		$	51	$	257	$	31	$	(7)	$	(128)
Total gains or losses (realized and unrealized):
	Included in earnings		(2)		(2)		(1)		(4)		(1)		(10)
	Included in other comprehensive income (loss)		8		(3)		—		—		—		5
Purchases			13		12		3		—		—
Settlements and maturities			(4)		(84)		—		—		—
Transfers out of Level 3			—		—		(3)		—		—
Balance as of October 1, 2011		$	66	$	180	$	30	$	(11)	$	(129)

Changes in unrealized gains or losses included in
	earnings related to assets and liabilities still held
	as of October 1, 2011	$	(2)	$	(2)	$	(1)	$	(4)	$	(1)	$	(10)

		Fair Value Measured and Recorded Using
		Significant Unobservable Inputs (Level 3)
		Corporate		Asset-Backed		Derivative		Derivative		Long-term		Total Gains
(In Millions)		Bonds		Securities		Assets		Liabilities		Debt		(Losses)
Balance as of December 26, 2009		$	369	$	754	$	31	$	(65)	$	(123)
Total gains or losses (realized and unrealized):
	Included in earnings		(2)		6		(3)		(2)		(5)		(6)
	Included in other comprehensive income (loss)		4		9		—		—		—		13
Purchases			6		—		7		—		—
Sales			(44)		(28)		(4)		—		—
Settlements and maturities			(75)		(484)		—		—		—
Transfers out of Level 3			(207)		—		—		60		—
Balance as of December 25, 2010		$	51	$	257	$	31	$	(7)	$	(128)

Changes in unrealized gains or losses included in
	earnings related to assets and liabilities still held
	as of December 25, 2010	$	—	$	6	$	(4)	$	(1)	$	(5)	$	(4)

Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Table Text Block]

Our non-marketable equity investments and non-financial assets, such as intangible assets and property, plant and equipment, are recorded at fair value only if an impairment charge is recognized. The following table presents the financial instruments and non-financial assets that were measured and recorded at fair value on a non-recurring basis during the nine months ended October 1, 2011, and the gains (losses) recorded during the three and nine months ended October 1, 2011 on those assets:

										Total Gains		Total Gains
										(Losses) for		(Losses) for
		Net Carrying								Three Months		Nine Months Ended
		Value as of		Fair Value Measured and Recorded Using						Ended		Nine Months Ended
(In Millions)		Oct. 1, 2011		Level 1		Level 2		Level 3		Oct. 1, 2011		Oct. 1, 2011
Non-marketable equity investments		$	53	$	—	$	—	$	53	$	(12)	$	(33)
Property, plant and equipment		$	—	$	—	$	—	$	—	$	—	$	(10)
Total gains (losses) for assets held
	as of October 1, 2011									$	(12)	$	(43)

Gains (losses) for non-marketable equity
	investments no longer held									$	—	$	(1)
Gains (losses) for property, plant and equipment
	no longer held									$	(23)	$	(68)
Total gains (losses) for recorded non-recurring
	measurement									$	(35)	$	(112)

The following table presents the financial instruments and non-financial assets that were measured and recorded at fair value on a non-recurring basis during the nine months ended September 25, 2010, and the gains (losses) recorded during the three and nine months ended September 25, 2010 on those assets:

										Total Gains		Total Gains
										(Losses) for		(Losses) for
		Net Carrying								Three Months		Nine Months Ended
		Value as of		Fair Value Measured and Recorded Using						Ended		Nine Months Ended
(In Millions)		Sept. 25, 2010		Level 1		Level 2		Level 3		Sept. 25, 2010		Sept. 25, 2010
Non-marketable equity investments		$	123	$	—	$	—	$	125	$	(32)	$	(94)
Total gains (losses) for assets held
	as of September 25, 2010									$	(32)	$	(94)

Gains (losses) for non-marketable equity
	investments no longer held									$	—	$	(1)
Gains (losses) for property, plant and equipment
	no longer held									$	(9)	$	(49)
Total gains (losses) for recorded non-recurring
	measurement									$	(41)	$	(144)

Financial Instruments Not Recorded At Fair Value On Recurring Basis [Table Text Block]

We measure the fair value of our non-marketable equity investments, marketable equity method investment, debt carried at amortized cost, and cost method loans receivable quarterly for disclosure purposes; however, they are recorded at fair value only when an impairment charge is recognized. The carrying amounts and fair values of financial instruments not recorded at fair value on a recurring basis as of October 1, 2011 and December 25, 2010 were as follows:

	October 1, 2011				December 25, 2010
	Carrying		Fair		Carrying		Fair
(In Millions)	Amount		Value		Amount		Value
Non-marketable equity investments	$	2,795	$	5,588	$	2,633	$	5,144
Marketable equity method investment	$	37	$	73	$	31	$	167
Loans receivable	$	258	$	258	$	208	$	208
Long-term debt	$	6,947	$	7,533	$	1,949	$	2,283