Intel Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Fair Value (Tables)

Fair Value (Tables)

12 Months Ended

Dec. 31, 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 December 31, 2011 and December 25, 2010:

		December 31, 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	$	—	$	2,408	$	—	$	2,408	$	—	$	2,600	$	—	$	2,600
	Government bonds		650		—		—		650		1,279		505		—		1,784
	Bank deposits		—		795		—		795		—		560		—		560
	Money market fund deposits		546		—		—		546		34		—		—		34
Short-term investments:
	Government bonds		2,690		310		—		3,000		4,890		1,320		—		6,210
	Commercial paper		—		1,409		—		1,409		—		2,712		—		2,712
	Corporate bonds		120		428		28		576		121		1,378		1		1,500
	Bank deposits		—		196		—		196		—		858		—		858
	Asset-backed securities		—		—		—		—		—		—		14		14
Trading assets:
	Government bonds		1,698		1,317		—		3,015		311		2,115		—		2,426
	Corporate bonds		202		486		—		688		199		916		—		1,115
	Commercial paper		—		305		—		305		—		488		—		488
	Municipal bonds		—		284		—		284		—		375		—		375
	Bank deposits		—		135		—		135		—		108		—		108
	Asset-backed securities		—		—		115		115		—		—		190		190
	Money market fund deposits		49		—		—		49		3		—		—		3
	Marketable equity securities		—		—		—		—		388		—		—		388
Other current assets:
	Derivative assets		—		159		7		166		—		330		—		330
	Loans receivable		—		33		—		33		—		—		—		—
	Marketable equity securities
Marketable equity securities			522		40		—		562		785		223		—		1,008
Other long-term investments:
	Government bonds		177		300		—		477		83		2,002		—		2,085
	Corporate bonds		—		282		39		321		104		601		50		755
	Bank deposits		—		55		—		55		—		133		—		133
	Asset-backed securities		—		—		36		36		—		—		53		53
Other long-term assets:
	Loans receivable		—		715		—		715		—		642		—		642
	Derivative assets		—		34		29		63		—		19		31		50
Total assets measured and
	recorded at fair value	$	6,654	$	9,691	$	254	$	16,599	$	8,197	$	17,885	$	339	$	26,421

Liabilities
Other accrued liabilities:
	Derivative liabilities	$	—	$	280	$	8	$	288	$	—	$	201	$	7	$	208
Long-term debt			—		—		131		131		—		—		128		128
Other long-term liabilities:
	Derivative liabilities		—		27		—		27		—		47		—		47
Total liabilities measured and
	recorded at fair value	$	—	$	307	$	139	$	446	$	—	$	248	$	135	$	383

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

The following tables present reconciliations for all assets and liabilities measured and recorded at fair value on a recurring basis using significant unobservable inputs (Level 3) for 2011 and 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		(3)		(6)		2		(1)		(3)		(11)
	Included in other comprehensive income (loss)		7		(2)		—		—		—		5
Purchases			24		13		6		—		—
Sales			—		(11)		—		—		—
Settlements and maturities			(12)		(100)		—		—		—
Transfers out of Level 3			—		—		(3)		—		—
Balance as of December 31, 2011		$	67	$	151	$	36	$	(8)	$	(131)

Changes in unrealized gains or losses included in
	earnings related to assets and liabilities still held
	as of December 31, 2011	$	(2)	$	(2)	$	2	$	(1)	$	(3)	$	(6)

		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)

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 investments, indebtedness carried at amortized cost, and cost method loans receivable quarterly for disclosure purposes; however, the assets 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 December 31, 2011 and December 25, 2010 were as follows:

	2011				2010
	Carrying		Fair		Carrying		Fair
(In Millions)	Amount		Value		Amount		Value
Non-marketable equity investments	$	2,759	$	6,161	$	2,633	$	5,144
Marketable equity method investments	$	39	$	67	$	31	$	167
Loans receivable	$	132	$	132	$	208	$	208
Long-term debt	$	6,953	$	7,735	$	1,949	$	2,283
Short-term debt	$	200	$	200	$	—	$	—
NVIDIA Corporation cross-license agreement liability	$	1,156	$	1,174	$	—	$	—