|
Retirement Benefit Plans (Tables)
|
12 Months Ended |
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Dec. 28, 2013
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| Retirement Benefit Plans (Tables) [Abstract] |
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| Schedule of Changes in Projected Benefit Obligations [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) |
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2013 |
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2012 |
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2013 |
|
2012 |
|
2013 |
|
2012 |
Beginning projected benefit obligation |
|
$ |
1,742 |
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$ |
1,480 |
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$ |
1,412 |
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$ |
1,121 |
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$ |
484 |
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$ |
369 |
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Service cost |
|
119 |
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|
98 |
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|
78 |
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|
64 |
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|
27 |
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|
30 |
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Interest cost |
|
67 |
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|
69 |
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|
60 |
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|
52 |
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|
20 |
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|
17 |
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Actuarial (gain) loss |
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(746 |
) |
|
108 |
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|
121 |
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|
172 |
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(56 |
) |
|
75 |
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Other |
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(45 |
) |
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(13 |
) |
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24 |
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3 |
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|
34 |
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(7 |
) |
Ending projected benefit obligation |
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$ |
1,137 |
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$ |
1,742 |
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$ |
1,695 |
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$ |
1,412 |
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$ |
509 |
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$ |
484 |
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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) |
|
2013 |
|
2012 |
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2013 |
|
2012 |
|
2013 |
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2012 |
Beginning fair value of plan assets |
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$ |
684 |
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$ |
648 |
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$ |
838 |
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$ |
722 |
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$ |
191 |
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$ |
116 |
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Actual return on plan assets |
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10 |
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|
49 |
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|
81 |
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|
70 |
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|
49 |
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— |
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Employer contributions |
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— |
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— |
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|
65 |
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|
52 |
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|
162 |
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|
82 |
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Other |
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(45 |
) |
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(13 |
) |
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21 |
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(6 |
) |
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(7 |
) |
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(7 |
) |
Ending fair value of plan assets |
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$ |
649 |
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$ |
684 |
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$ |
1,005 |
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$ |
838 |
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$ |
395 |
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$ |
191 |
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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
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(In Millions) |
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Dec 28,
2013 |
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Dec 29,
2012 |
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Dec 28,
2013 |
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Dec 29,
2012 |
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Dec 28,
2013 |
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Dec 29,
2012 |
Other long-term assets |
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$ |
— |
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$ |
— |
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$ |
16 |
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$ |
1 |
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$ |
— |
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$ |
— |
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Other long-term liabilities |
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(488 |
) |
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(1,058 |
) |
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(706 |
) |
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(575 |
) |
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(114 |
) |
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(293 |
) |
Accumulated other comprehensive loss (income), before tax |
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255 |
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1,050 |
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520 |
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477 |
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43 |
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138 |
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Net amount recognized |
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$ |
(233 |
) |
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$ |
(8 |
) |
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$ |
(170 |
) |
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$ |
(97 |
) |
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$ |
(71 |
) |
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$ |
(155 |
) |
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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) |
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Dec 28,
2013 |
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Dec 29,
2012 |
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Dec 28,
2013 |
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Dec 29,
2012 |
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Dec 28,
2013 |
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Dec 29,
2012 |
Net prior service credit (cost) |
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$ |
— |
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$ |
— |
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$ |
25 |
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$ |
12 |
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$ |
(54 |
) |
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$ |
(60 |
) |
Net actuarial gain (loss) |
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(255 |
) |
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(1,050 |
) |
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(545 |
) |
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(489 |
) |
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11 |
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(78 |
) |
Accumulated other comprehensive income (loss), before tax |
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$ |
(255 |
) |
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$ |
(1,050 |
) |
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$ |
(520 |
) |
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$ |
(477 |
) |
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$ |
(43 |
) |
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$ |
(138 |
) |
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| Schedule of Benefit Obligations in Excess of Fair Value of Plan Assets [Table Text Block] |
As of December 28, 2013, the accumulated benefit obligation was $497 million for the U.S. Intel Minimum Pension Plan ($562 million as of December 29, 2012) and $1.3 billion for the non-U.S. defined-benefit pension plans ($1.1 billion as of December 29, 2012). Included in the aggregate data in the following tables are the amounts applicable to our pension plans, with accumulated benefit obligations in excess of plan assets, as well as plans with projected benefit obligations in excess of plan assets. Amounts related to such plans at the end of each period were as follows:
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|
U.S. Pension Benefits |
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Non-U.S. Pension
Benefits
|
(In Millions) |
|
Dec 28,
2013 |
|
Dec 29,
2012 |
|
Dec 28,
2013 |
|
Dec 29,
2012 |
Plans with accumulated benefit obligations in excess of plan assets: |
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Accumulated benefit obligations |
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$ |
— |
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$ |
— |
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$ |
900 |
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$ |
813 |
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Plan assets |
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$ |
— |
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$ |
— |
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$ |
563 |
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$ |
508 |
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Plans with projected benefit obligations in excess of plan assets: |
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Projected benefit obligations |
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$ |
1,137 |
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$ |
1,742 |
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$ |
1,295 |
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$ |
1,400 |
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Plan assets |
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$ |
649 |
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$ |
684 |
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$ |
588 |
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$ |
825 |
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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 |
|
Non-U.S. Pension
Benefits
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|
U.S. Postretirement
Medical Benefits
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|
Dec 28,
2013 |
|
Dec 29,
2012 |
|
Dec 28,
2013 |
|
Dec 29,
2012 |
|
Dec 28,
2013 |
|
Dec 29,
2012 |
Discount rate |
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4.8 |
% |
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3.9 |
% |
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4.0 |
% |
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4.2 |
% |
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4.6 |
% |
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3.6 |
% |
Rate of compensation increase |
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3.8 |
% |
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4.1 |
% |
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3.9 |
% |
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4.0 |
% |
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n/a |
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n/a |
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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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2013 |
|
2012 |
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2011 |
|
2013 |
|
2012 |
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2011 |
|
2013 |
|
2012 |
|
2011 |
Discount rate |
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3.9 |
% |
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4.7 |
% |
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5.8 |
% |
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4.2 |
% |
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5.0 |
% |
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5.3 |
% |
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4.2 |
% |
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4.6 |
% |
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5.6 |
% |
Expected long-term rate of return on plan assets |
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4.5 |
% |
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5.0 |
% |
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5.5 |
% |
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5.2 |
% |
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5.9 |
% |
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6.3 |
% |
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7.7 |
% |
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3.0 |
% |
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3.0 |
% |
Rate of compensation increase |
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4.1 |
% |
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4.5 |
% |
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4.7 |
% |
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4.3 |
% |
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4.1 |
% |
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4.3 |
% |
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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) |
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U.S. Pension
Benefits
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Non-U.S.
Pension
Benefits
|
|
U.S.
Postretirement
Medical
Benefits
|
2014 |
|
$ |
42 |
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$ |
33 |
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$ |
23 |
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2015 |
|
$ |
51 |
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$ |
32 |
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$ |
22 |
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2016 |
|
$ |
63 |
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$ |
32 |
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$ |
24 |
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2017 |
|
$ |
71 |
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$ |
36 |
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$ |
22 |
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2018 |
|
$ |
88 |
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$ |
38 |
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$ |
21 |
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2019-2023 |
|
$ |
691 |
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$ |
219 |
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$ |
99 |
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U.S. Pension Benefits [Member]
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| Retirement Benefit Plans (Tables) [Abstract] |
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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 were as follows:
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December 28, 2013 |
|
Dec 29,
2012 |
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Fair Value Measured at Reporting Date Using |
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(In Millions) |
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Level 1 |
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Level 2 |
|
Level 3 |
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Total |
|
Total |
Equity securities |
|
$ |
15 |
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|
$ |
205 |
|
|
$ |
— |
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|
$ |
220 |
|
|
$ |
92 |
|
Fixed income |
|
88 |
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|
255 |
|
|
72 |
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|
415 |
|
|
582 |
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Other investments |
|
11 |
|
|
— |
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|
— |
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|
11 |
|
|
— |
|
Total assets measured at fair value |
|
$ |
114 |
|
|
$ |
460 |
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$ |
72 |
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|
$ |
646 |
|
|
$ |
674 |
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Cash |
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|
3 |
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|
10 |
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Total U.S. pension plan assets at fair value |
|
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|
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|
$ |
649 |
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$ |
684 |
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Non-U.S. Pension Benefits [Member]
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|
| Retirement Benefit Plans (Tables) [Abstract] |
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| 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 were as follows:
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December 28, 2013 |
|
Dec 29,
2012 |
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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 |
|
$ |
287 |
|
|
$ |
63 |
|
|
$ |
11 |
|
|
$ |
361 |
|
|
$ |
248 |
|
Fixed income |
|
— |
|
|
521 |
|
|
33 |
|
|
554 |
|
|
574 |
|
Total assets measured at fair value |
|
$ |
287 |
|
|
$ |
584 |
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|
$ |
44 |
|
|
$ |
915 |
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|
$ |
822 |
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Cash |
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|
|
|
|
|
90 |
|
|
16 |
|
Total non-U.S. plan assets at fair value |
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|
|
|
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|
$ |
1,005 |
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|
$ |
838 |
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