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)

3 Months Ended

Mar. 28, 2020

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



	March 28, 2020								December 28, 2019
	Fair Value Measured and Recorded at Reporting Date Using								Fair Value Measured and Recorded at Reporting Date Using
(In Millions)	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Assets
Cash equivalents:
Corporate debt	$	—	$	1,348	$	—	$	1,348	$	—	$	713	$	—	$	713
Financial institution instruments¹	7,557		600		—		8,157		1,064		408		—		1,472
Government debt²	—		199		—		199		—		—		—		—
Reverse repurchase agreements	—		1,150		—		1,150		—		1,500		—		1,500
Short-term investments:
Corporate debt	—		493		—		493		—		347		—		347
Financial institution instruments¹	—		803		—		803		—		724		—		724
Government debt²	—		—		—		—		—		11		—		11
Trading assets:
Corporate debt	—		2,850		—		2,850		—		2,848		—		2,848
Financial institution instruments¹	78		2,020		—		2,098		87		1,578		—		1,665
Government debt²	—		3,179		—		3,179		—		3,334		—		3,334
Other current assets:
Derivative assets	5		372		—		377		50		230		—		280
Loans receivable³	—		339		—		339		—		—		—		—
Marketable equity securities	330		—		—		330		450		—		—		450
Other long-term investments:
Corporate debt	—		1,852		—		1,852		—		1,898		—		1,898
Financial institution instruments¹	—		532		—		532		—		825		—		825
Government debt²	—		559		—		559		—		553		—		553
Other long-term assets:
Derivative assets	—		1,604		35		1,639		—		690		16		706
Loans receivable³	—		203		—		203		—		554		—		554
Total assets measured and recorded at fair value	$	7,970	$	18,103	$	35	$	26,108	$	1,651	$	16,213	$	16	$	17,880
Liabilities
Other accrued liabilities:
Derivative liabilities	$	190	$	614	$	—	$	804	$	3	$	287	$	—	$	290
Other long-term liabilities:
Derivative liabilities	—		106		—		106		—		13		—		13
Total liabilities measured and recorded at fair value	$	190	$	720	$	—	$	910	$	3	$	300	$	—	$	303


¹	Level 1 investments consist of money market funds. Level 2 investments consist primarily of commercial paper, certificates of deposit, time deposits, and notes and bonds issued by financial institutions.


²	Level 2 investments consist primarily of U.S. agency notes and non-U.S. government debt.

The fair value of our loans receivable for which we elected the fair value option did not significantly differ from the contractual principal balance based on the contractual currency.