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

Annual report pursuant to Section 13 and 15(d)

Derivative Financial Instruments (Tables)

Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 27, 2014

Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block]

Total gross notional amounts for outstanding derivatives recorded at fair value at the end of each period were as follows:



(In Millions)	Dec 27, 2014		Dec 28, 2013		Dec 29, 2012
Currency forwards	$	15,578	$	13,404	$	13,117
Currency interest rate swaps	5,446		4,377		2,711
Embedded debt derivatives	3,600		3,600		3,600
Interest rate swaps	1,347		1,377		1,101
Total return swaps	1,056		914		807
Other	49		67		127
Total	$	27,076	$	23,739	$	21,463

The gross notional amounts for currency forwards and currency interest rate swaps, by currency, at the end of each period were as follows:



(In Millions)	Dec 27, 2014		Dec 28, 2013		Dec 29, 2012
British pound sterling	$	410	$	549	$	308
Chinese yuan	3,097		1,116		647
Euro	7,486		6,874		5,994
Indian rupee	418		303		309
Israeli shekel	2,489		2,244		2,256
Japanese yen	3,779		4,116		4,389
Malaysian ringgit	902		506		442
Swiss franc	1,289		1,189		657
Other	1,154		884		826
Total	$	21,024	$	17,781	$	15,828

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]

The fair value of our derivative instruments at the end of each period were as follows:



	December 27, 2014								December 28, 2013
(In Millions)	Other Current Assets		Other Long-Term Assets		Other Accrued Liabilities		Other Long-Term Liabilities		Other Current Assets		Other Long-Term Assets		Other Accrued Liabilities		Other Long-Term Liabilities
Derivatives designated as hedging instruments:
Currency forwards	$	6	$	1	$	497	$	9	$	114	$	1	$	118	$	2
Total derivatives designated as hedging instruments	6		1		497		9		114		1		118		2
Derivatives not designated as hedging instruments:
Currency forwards	207		—		44		—		66		—		63		—
Currency interest rate swaps	344		34		7		—		124		6		163		29
Embedded debt derivatives	—		—		4		8		—		—		—		19
Interest rate swaps	3		—		11		—		5		—		28		—
Total return swaps	—		—		—		—		48		—		—		—
Other	1		22		—		—		—		29		—		—
Total derivatives not designated as hedging instruments	555		56		66		8		243		35		254		48
Total derivatives	$	561	$	57	$	563	$	17	$	357	$	36	$	372	$	50

Offsetting Assets And Liabilities [Table Text Block]

The gross amounts of our derivative instruments and reverse repurchase agreements subject to master netting arrangements with various counterparties, and cash and non-cash collateral posted under such agreements at the end of each period were as follows:



	December 27, 2014
							Gross Amounts Not Offset in the Balance Sheet
(In Millions)	Gross Amounts Recognized		Gross Amounts Offset in the Balance Sheet		Net Amounts Presented in the Balance Sheet		Financial Instruments			Cash and Non-Cash Collateral Received or Pledged			Net Amount
Assets:
Derivative assets subject to master netting arrangements	$	559	$	—	$	559	$	(365	)	$	(78	)	$	116
Reverse repurchase agreements	718		—		718		—			(718		)	—
Total assets	1,277		—		1,277		(365		)	(796		)	116
Liabilities:
Derivative liabilities subject to master netting arrangements	559		—		559		(365		)	(80		)	114
Total liabilities	$	559	$	—	$	559	$	(365	)	$	(80	)	$	114



	December 28, 2013
							Gross Amounts Not Offset in the Balance Sheet
(In Millions)	Gross Amounts Recognized		Gross Amounts Offset in the Balance Sheet		Net Amounts Presented in the Balance Sheet		Financial Instruments			Cash and Non-Cash Collateral Received or Pledged			Net Amount
Assets:
Derivative assets subject to master netting arrangements	$	325	$	—	$	325	$	(158	)	$	(3	)	$	164
Reverse repurchase agreements	800		—		800		—			(800		)	—
Total assets	1,125		—		1,125		(158		)	(803		)	164
Liabilities:
Derivative liabilities subject to master netting arrangements	401		—		401		(158		)	(32		)	211
Total liabilities	$	401	$	—	$	401	$	(158	)	$	(32	)	$	211

Schedule Of Derivative Instruments In Cash Flow Hedging Relationships [Table Text Block]

The before-tax gains (losses) attributed to the effective portion of cash flow hedges that were recognized in other comprehensive income (loss) for each period were as follows:



	Gains (Losses) Recognized in OCI on Derivatives (Effective Portion)
(In Millions)	2014			2013			2012
Currency forwards	$	(587	)	$	(167	)	$	4
Other	(2		)	1			9
Total	$	(589	)	$	(166	)	$	13

Not Designated as Hedging Instrument [Member]

Derivative [Line Items]

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block]

The effects of derivative instruments not designated as hedging instruments on the consolidated statements of income for each period were as follows:



(In Millions)	Location of Gains (Losses) Recognized in Income on Derivatives	2014			2013		2012
Currency forwards	Interest and other, net	$	144		$	44	$	3
Currency interest rate swaps	Interest and other, net	456			29		(71		)
Equity options	Gains (losses) on equity investments, net	—			1		(1		)
Interest rate swaps	Interest and other, net	(3		)	—		31
Total return swaps	Various	68			140		77
Other	Gains (losses) on equity investments, net	(6		)	5		(7		)
Other	Interest and other, net	—			—		3
Total		$	659		$	219	$	35