Quarterly report pursuant to Section 13 or 15(d)

Consolidated Condensed Statements of Income

v2.4.1.9
Consolidated Condensed Statements of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 28, 2015
Mar. 29, 2014
Net revenue $ 12,781us-gaap_SalesRevenueNet $ 12,764us-gaap_SalesRevenueNet
Cost of sales 5,051us-gaap_CostOfGoodsAndServicesSold 5,151us-gaap_CostOfGoodsAndServicesSold
Gross margin 7,730us-gaap_GrossProfit 7,613us-gaap_GrossProfit
Research and development 2,995us-gaap_ResearchAndDevelopmentExpense 2,846us-gaap_ResearchAndDevelopmentExpense
Marketing, general and administrative 1,953us-gaap_SellingGeneralAndAdministrativeExpense 2,047us-gaap_SellingGeneralAndAdministrativeExpense
Restructuring and asset impairment charges 105us-gaap_RestructuringSettlementAndImpairmentProvisions 137us-gaap_RestructuringSettlementAndImpairmentProvisions
Amortization of acquisition-related intangibles 251us-gaap_AmortizationOfIntangibleAssets 287us-gaap_AmortizationOfIntangibleAssets
Operating expenses 5,115us-gaap_OperatingExpenses 5,103us-gaap_OperatingExpenses
Operating income 2,615us-gaap_OperatingIncomeLoss 2,510us-gaap_OperatingIncomeLoss
Gains (losses) on equity investments, net 32intc_GainsLossesOnEquityInvestmentsNet 48intc_GainsLossesOnEquityInvestmentsNet
Interest and other, net 26intc_InterestAndOtherNet 112intc_InterestAndOtherNet
Income before taxes 2,673us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 2,670us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Provision for taxes 681us-gaap_IncomeTaxExpenseBenefit 740us-gaap_IncomeTaxExpenseBenefit
Net income 1,992us-gaap_NetIncomeLoss 1,930us-gaap_NetIncomeLoss
Basic earnings per share of common stock (in dollars per share) $ 0.42us-gaap_EarningsPerShareBasic $ 0.39us-gaap_EarningsPerShareBasic
Diluted earnings per share of common stock (in dollars per share) $ 0.41us-gaap_EarningsPerShareDiluted $ 0.38us-gaap_EarningsPerShareDiluted
Cash dividends declared per share of common stock (in dollars per share) $ 0.48us-gaap_CommonStockDividendsPerShareDeclared $ 0.45us-gaap_CommonStockDividendsPerShareDeclared
Weighted average shares of common stock outstanding:    
Basic (shares) 4,741us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 4,974us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted (shares) 4,914us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 5,117us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
Operating Expense [Member]    
Amortization of acquisition-related intangibles $ 62us-gaap_AmortizationOfIntangibleAssets
/ us-gaap_IncomeStatementLocationAxis
= us-gaap_OperatingExpenseMember
$ 73us-gaap_AmortizationOfIntangibleAssets
/ us-gaap_IncomeStatementLocationAxis
= us-gaap_OperatingExpenseMember