INTEL CORP, 10-Q filed on 7/27/2017
Quarterly Report
Document and Entity Information
In Millions, unless otherwise specified
6 Months Ended
Jul. 1, 2017
Document and Entity Information [Abstract]
 
Entity Registrant Name
Intel Corp 
Entity Central Index Key
0000050863 
Company Fiscal Year End Date
--12-30 
Entity Filer Category
Large Accelerated Filer 
Document Type
10-Q 
Document Period End Date
Jul. 01, 2017 
Document Fiscal Year Focus
2017 
Document Fiscal Period Focus
Q2 
Amendment Flag
false 
Entity Common Stock Shares Outstanding
4,699 
Consolidated Condensed Statements of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jul. 1, 2017
Jul. 2, 2016
Jul. 1, 2017
Jul. 2, 2016
Income Statement [Abstract]
 
 
 
 
Net revenue
$ 14,763 
$ 13,533 
$ 29,559 
$ 27,235 
Cost of sales
5,665 
5,560 
11,314 
11,132 
Gross margin
9,098 
7,973 
18,245 
16,103 
Research and development
3,275 
3,145 
6,601 
6,391 
Marketing, general and administrative
1,854 
2,007 
3,958 
4,233 
Restructuring and other charges
105 
1,414 
185 
1,414 
Amortization of Acquisition-Related Intangible Assets
37 
89 
75 
179 
Operating expenses
5,271 
6,655 
10,819 
12,217 
Operating income
3,827 
1,318 
7,426 
3,886 
Gains (losses) on equity investments, net
342 
478 
594 
500 
Interest and other, net
403 
(126)
367 
(208)
Income before taxes
4,572 
1,670 
8,387 
4,178 
Provision for taxes
1,764 
340 
2,615 
802 
Net income
$ 2,808 
$ 1,330 
$ 5,772 
$ 3,376 
Basic earnings per share of common stock (in dollars per share)
$ 0.60 
$ 0.28 
$ 1.22 
$ 0.71 
Diluted earnings per share of common stock (in dollars per share)
$ 0.58 
$ 0.27 
$ 1.19 
$ 0.69 
Cash dividends declared per share of common stock (in dollars per share)
$ 0 
$ 0 
$ 0.5325 
$ 0.52 
Weighted average shares of common stock outstanding:
 
 
 
 
Basic (shares)
4,710 
4,729 
4,717 
4,725 
Diluted (shares)
4,845 
4,866 
4,864 
4,870 
Consolidated Condensed Statements of Comprehensive Income (USD $)
In Millions, unless otherwise specified
3 Months Ended 6 Months Ended
Jul. 1, 2017
Jul. 2, 2016
Jul. 1, 2017
Jul. 2, 2016
Statement of Comprehensive Income [Abstract]
 
 
 
 
Net income
$ 2,808 
$ 1,330 
$ 5,772 
$ 3,376 
Changes in other comprehensive income, net of tax:
 
 
 
 
Net unrealized holding gains (losses) on available-for-sale investments
(534)
(346)
(55)
Deferred tax asset valuation allowance
(2)
(3)
Net unrealized holding gains (losses) on derivatives
136 
26 
331 
213 
Net prior service (costs) credits
(12)
(10)
Actuarial valuation
214 
(318)
230 
(299)
Net foreign currency translation adjustment
507 
(1)
508 
Other comprehensive income (loss)
311 
(640)
1,068 
(140)
Total comprehensive income
$ 3,119 
$ 690 
$ 6,840 
$ 3,236 
Consolidated Condensed Balance Sheets (USD $)
In Millions, unless otherwise specified
Jul. 1, 2017
Dec. 31, 2016
Current assets:
 
 
Cash and cash equivalents
$ 11,687 
$ 5,560 
Short-term investments
3,158 
3,225 
Trading assets
11,084 
8,314 
Accounts receivable, net
5,397 
4,690 
Inventories
6,324 
5,553 
Assets held for sale
5,210 
Other current assets
2,967 
2,956 
Total current assets
40,617 
35,508 
Property, plant and equipment, net of accumulated depreciation of $56,520 ($53,934 as of December 31, 2016)
38,130 
36,171 
Marketable equity securities
5,904 
6,180 
Other long-term investments
4,481 
4,716 
Goodwill
14,102 
14,099 
Identified intangible assets, net
8,867 
9,494 
Other long-term assets
10,006 
7,159 
Total assets
122,107 
113,327 
Current liabilities:
 
 
Short-term debt
4,130 
4,634 
Accounts payable
3,671 
2,475 
Accrued compensation and benefits
2,332 
3,465 
Accrued advertising
835 
810 
Deferred income
1,587 
1,718 
Liabilities held for sale
1,920 
Other accrued liabilities
6,227 
5,280 
Total current liabilities
18,782 
20,302 
Long-term debt
27,855 
20,649 
Long-term deferred tax liabilities
2,502 
1,730 
Other long-term liabilities
3,469 
3,538 
Contingencies (Note 17)
   
   
Temporary equity
874 
882 
Stockholders’ equity:
 
 
Preferred stock
Common stock and capital in excess of par value, 4,699 issued and outstanding (4,730 issued and outstanding as of December 31, 2016)
25,781 
25,373 
Accumulated other comprehensive income (loss)
1,174 
106 
Retained earnings
41,670 
40,747 
Total stockholders’ equity
68,625 
66,226 
Total liabilities, temporary equity, and stockholders’ equity
$ 122,107 
$ 113,327 
Consolidated Condensed Balance Sheets (Parenthetical) (USD $)
In Millions, unless otherwise specified
Jul. 1, 2017
Dec. 31, 2016
Assets
 
 
Accumulated depreciation
$ 56,520 
$ 53,934 
Stockholders’ equity:
 
 
Common stock, shares issued
4,699 
4,730 
Common stock, shares outstanding
4,699 
4,730 
Consolidated Condensed Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
6 Months Ended
Jul. 1, 2017
Jul. 2, 2016
Statement of Cash Flows [Abstract]
 
 
Cash and cash equivalents, beginning of period
$ 5,560 
$ 15,308 
Cash flows provided by (used for) operating activities:
 
 
Net income
5,772 
3,376 
Adjustments to reconcile net income to net cash provided by operating activities:
 
 
Depreciation
3,300 
3,141 
Share-based compensation
725 
812 
Restructuring and other charges
185 
1,414 
Amortization of intangibles
634 
791 
(Gains) losses on equity investments, net
(526)
(426)
(Gains) losses on divestitures
(387)
Deferred taxes
807 
71 
Changes in assets and liabilities:1
 
 
Accounts receivable
(618)
734 
Inventories
(760)
(104)
Accounts payable
425 
375 
Accrued compensation and benefits
(1,102)
(1,659)
Income taxes payable and receivable
563 
(79)
Other assets and liabilities
(413)
(546)
Total adjustments
2,833 
4,524 
Net cash provided by operating activities
8,605 
7,900 
Cash flows provided by (used for) investing activities:
 
 
Additions to property, plant and equipment
(4,730)
(3,632)
Acquisitions, net of cash acquired
(3)
(14,619)
Purchases of available-for-sale investments
(1,894)
(5,693)
Sales of available-for-sale investments
1,698 
3,685 
Maturities of available-for-sale investments
2,197 
2,393 
Purchases of trading assets
(7,961)
(7,205)
Maturities and sales of trading assets
5,977 
5,313 
Investments in loans receivable and reverse repurchase agreements
(223)
Collection of loans receivable and reverse repurchase agreements
650 
Investments in non-marketable equity investments
(625)
(663)
Proceeds from divestitures
924 
Other investing
201 
304 
Net cash used for investing activities
(4,216)
(19,690)
Cash flows provided by (used for) financing activities:
 
 
Increase (decrease) in short-term debt, net
(12)
1,416 
Proceeds from issuance of long-term debt, net of issuance costs
7,078 
2,734 
Repayment of debt
(500)
Proceeds from sales of common stock through employee equity incentive plans
406 
527 
Repurchase of common stock
(2,518)
(1,597)
Restricted stock unit withholdings
(404)
(394)
Payment of dividends to stockholders
(2,516)
(2,461)
Other financing
204 
142 
Net cash provided by (used for) financing activities
1,738 
367 
Net increase (decrease) in cash and cash equivalents
6,127 
(11,423)
Cash and cash equivalents, end of period
11,687 
3,885 
Supplemental disclosures of noncash investing activities and cash flow information:
 
 
Acquisition of property, plant, and equipment included in accounts payable and accrued liabilities
1,686 
1,479 
Loan receivable from McAfee and TPG
2,200 
Non-marketable equity investment in McAfee
1,078 
Interest, net of capitalized interest and interest rate swap payments/receipts
280 
348 
Income taxes, net of refunds
$ 1,139 
$ 689 
Basis of Presentation
Basis of Presentation [Text Block]
Note 1: Basis of Presentation
We prepared our interim consolidated condensed financial statements that accompany these notes in conformity with U.S. generally accepted accounting principles, consistent in all material respects with those applied in our Annual Report on Form 10-K for the fiscal year ended December 31, 2016 (2016 Form 10-K).
We have a 52- or 53-week fiscal year that ends on the last Saturday in December. Our fiscal year 2017 is a 52-week year ending on December 30, 2017, while our fiscal year 2016 was a 53-week fiscal year that ended on December 31, 2016. The first quarter of fiscal year 2016 was a 14-week quarter compared to the standard 13-week quarters.
We have made estimates and judgments affecting the amounts reported in our consolidated condensed financial statements and the accompanying notes. The actual results that we experience may differ materially from our estimates. The interim financial information is unaudited, but reflects all normal adjustments that are, in our opinion, necessary to provide a fair statement of results for the interim periods presented. This report should be read in conjunction with the consolidated financial statements in our 2016 Form 10-K.
Recent Accounting Standards
Recent Accounting Standards [Text Block]
Note 2: Recent Accounting Standards
We assess the adoption impacts of recently issued accounting standards by the Financial Accounting Standards Board on our financial statements. The tables below describe impacts from newly issued standards as well as material updates to our previous assessments, if any, from our 2016 Form 10-K.
Accounting Standards Adopted
Standard/Description
Effective Date and Adoption Considerations
Effect on Financial Statements or Other Significant Matters
Intangibles - Goodwill and Other - Simplifying the Test for Goodwill Impairment. This accounting standard update eliminates Step 2 from the existing guidance to simplify how goodwill impairment tests are performed.
With the elimination of this step, a goodwill impairment test is performed by comparing the fair value of a reporting unit to its carrying value. An impairment charge is recognized for the amount by which the reporting unit's carrying value exceeds its fair value.

We elected to early adopt this accounting standard update in the second quarter of 2017 on a prospective basis.


We expect the adoption of this update to simplify our annual goodwill impairment testing process, by eliminating the need to estimate the implied fair value of a reporting unit’s goodwill, if its respective carrying value exceeds fair value.



Accounting Standards Not Yet Adopted
Standard/Description
Effective Date and Adoption Considerations
Effect on Financial Statements or Other Significant Matters
Compensation - Retirement Benefits - Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost. This amended standard was issued to provide additional guidance on the presentation of net benefit cost in the income statement and on the components eligible for capitalization in assets. The service cost component of the net periodic benefit cost will continue to be reported within operating income on the consolidated income statement. All other non-service components are required to be presented separately outside operating income and only service costs will be eligible for inventory capitalization.
Effective in the first quarter of 2018.
Changes to the presentation of benefit costs are required to be adopted retrospectively while changes to the capitalization of service costs into inventories are required to be adopted prospectively. The standard permits, as a practical expedient, to use the amounts disclosed in the Retirement Benefit Plans footnote for the prior comparative periods as the estimation basis for applying the retrospective presentation requirement.
We expect the adoption of the amended standard to result in the reclassification of approximately $260 million from non-service components above the subtotal of operating income to interest and other, net, for the year ended December 31, 2016. We are continuing to assess the impacts of adoption to our 2017 financial statements.

Operating Segments Information
Operating Segments Information [Text Block]
Note 3: Operating Segments Information
We manage our business through the following operating segments:
Client Computing Group (CCG)
 
Includes platforms designed for notebooks, 2 in 1 systems, desktops (including all-in-ones and high-end enthusiast PCs), tablets, phones, wireless and wired connectivity products, and mobile communication components.
 
Data Center Group (DCG)
 
Includes workload-optimized platforms for compute, storage, and network functions and related products designed for enterprise, cloud, and communication infrastructure market segments.
 
Internet of Things Group (IOTG)
 
Includes platforms designed for Internet of Things market segments, including retail, transportation, industrial, video, buildings and smart cities, along with a broad range of other market segments.
 
Non-Volatile Memory Solutions Group (NSG)
 
Includes Intel® Optane™ SSD products and NAND flash memory products primarily used in solid-state drives.
 
Programmable Solutions Group (PSG)
 
Includes programmable semiconductors primarily field-programmable gate array (FPGAs) and related products for a broad range of market segments, including communications, data center, industrial, military, and automotive.
 
All other
 
Includes results from our other non-reportable segments and corporate-related charges.
We offer platforms that incorporate various components and technologies, including a microprocessor and chipset, a stand-alone System-on-Chip, or a multichip package. A platform may be enhanced by additional hardware, software, and services offered by Intel. Platforms are used in various form factors across our CCG, DCG, and IOTG operating segments. We derive a substantial majority of our revenue from platforms, which is our principal product.
The “all other” category includes revenue, expenses, and charges such as:
results of operations from non-reportable segments;
amounts included within restructuring and other charges;
a portion of profit-dependent compensation and other expenses not allocated to the operating segments;
divested businesses for which discrete operating results are not regularly reviewed by our Chief Operating Decision Maker (CODM), who is our Chief Executive Officer;
results of operations of start-up businesses that support our initiatives, including our foundry business; and
acquisition-related costs, including amortization and any impairment of acquisition-related intangibles and goodwill.
The CODM does not evaluate operating segments using discrete asset information. Operating segments do not record inter-segment revenue. We do not allocate gains and losses from equity investments, interest and other income, or taxes to operating segments. Although the CODM uses operating income to evaluate the segments, operating costs included in one segment may benefit other segments. Except for these differences, the accounting policies for segment reporting are the same as for Intel as a whole.
Net revenue and operating income (loss) for each period were as follows:
 
 
Three Months Ended
 
Six Months Ended
(In Millions)
 
Jul 1,
2017
 
Jul 2,
2016
 
Jul 1,
2017
 
Jul 2,
2016
Net revenue:
 
 
 
 
 
 
 
 
Client Computing Group
 
 
 
 
 
 
 
 
Platform
 
$
7,634

 
$
6,938

 
$
15,031

 
$
14,137

Other
 
579

 
400

 
1,158

 
750

 
 
8,213

 
7,338

 
16,189

 
14,887

Data Center Group
 
 
 
 
 
 
 
 
Platform
 
4,026

 
3,718

 
7,905

 
7,425

Other
 
346

 
309

 
699

 
601

 
 
4,372

 
4,027

 
8,604

 
8,026

Internet of Things Group
 
 
 
 
 
 
 
 
Platform
 
614

 
497

 
1,246

 
1,068

Other
 
106

 
75

 
195

 
155

 
 
720

 
572

 
1,441

 
1,223

Non-Volatile Memory Solutions Group
 
874

 
554

 
1,740

 
1,111

Programmable Solutions Group
 
440

 
465

 
865

 
824

All other
 
144

 
577

 
720

 
1,164

Total net revenue
 
$
14,763

 
$
13,533

 
$
29,559

 
$
27,235

Operating income (loss):
 
 
 
 
 
 
 
 
Client Computing Group
 
$
3,025

 
$
1,911

 
$
6,056

 
$
3,796

Data Center Group
 
1,661

 
1,765

 
3,148

 
3,529

Internet of Things Group
 
139

 
89

 
244

 
212

Non-Volatile Memory Solutions Group
 
(110
)
 
(224
)
 
(239
)
 
(319
)
Programmable Solutions Group
 
97

 
(62
)
 
189

 
(262
)
All other
 
(985
)
 
(2,161
)
 
(1,972
)
 
(3,070
)
Total operating income
 
$
3,827

 
$
1,318

 
$
7,426

 
$
3,886

Earnings Per Share
Earnings Per Share [Text Block]
Note 4: Earnings Per Share
We computed basic earnings per share of common stock based on the weighted average number of shares of common stock outstanding during the period. We computed diluted earnings per share of common stock based on the weighted average number of shares of common stock outstanding plus potentially dilutive shares of common stock outstanding during the period.
 
 
Three Months Ended
 
Six Months Ended
(In Millions, Except Per Share Amounts)
 
Jul 1,
2017
 
Jul 2,
2016
 
Jul 1,
2017
 
Jul 2,
2016
Net income available to common stockholders
 
$
2,808

 
$
1,330

 
$
5,772

 
$
3,376

Weighted average shares of common stock outstanding—basic
 
4,710

 
4,729

 
4,717

 
4,725

Dilutive effect of employee equity incentive plans
 
36

 
49

 
48

 
57

Dilutive effect of convertible debt
 
99

 
88

 
99

 
88

Weighted average shares of common stock outstanding—diluted
 
4,845

 
4,866

 
4,864

 
4,870

Basic earnings per share of common stock
 
$
0.60

 
$
0.28

 
$
1.22

 
$
0.71

Diluted earnings per share of common stock
 
$
0.58

 
$
0.27

 
$
1.19

 
$
0.69

Potentially dilutive shares of common stock from employee incentive plans are determined by applying the treasury stock method to the assumed exercise of outstanding stock options, the assumed vesting of outstanding RSUs, and the assumed issuance of common stock under the stock purchase plan. Potentially dilutive shares of common stock for our 2005 debentures are determined by applying the if-converted method. However, as our 2009 debentures require settlement of the principal amount of the debt in cash upon conversion, with the conversion premium paid in cash or stock at our option, potentially dilutive shares of common stock are determined by applying the treasury stock method.
In all periods presented, potentially dilutive securities which would have been antidilutive are insignificant and are excluded from the computation of diluted earnings per share.
In all periods presented, we included our 2009 debentures in the calculation of diluted earnings per share of common stock because the average market price was above the conversion price. We could potentially exclude the 2009 debentures in the future if the average market price is below the conversion price.
Other Financial Statement Details
Other Financial Statement Details [Text Block]
Note 5: Other Financial Statement Details
Inventories
(In Millions)
 
Jul 1,
2017
 
Dec 31,
2016
Raw materials
 
$
1,014

 
$
695

Work in process
 
3,775

 
3,190

Finished goods
 
1,535

 
1,668

Total inventories
 
$
6,324

 
$
5,553

Deferred Income
(In Millions)
 
Jul 1,
2017
 
Dec 31,
2016
Deferred income on shipments of components to distributors
 
$
1,416

 
$
1,475

Deferred income from software, services and other
 
171

 
243

Current deferred income
 
$
1,587


$
1,718

Gains (Losses) on Equity Investments, Net
The components of gains (losses) on equity investments, net for each period were as follows:
 
 
Three Months Ended
 
Six Months Ended
(In Millions)
 
Jul 1,
2017
 
Jul 2,
2016
 
Jul 1,
2017
 
Jul 2,
2016
Share of equity method investee losses, net
 
$
(8
)
 
$
(12
)
 
$
(19
)
 
$
(20
)
Impairments
 
(555
)
 
(60
)
 
(603
)
 
(89
)
Gains on sales, net
 
802

 
419

 
1,076

 
515

Dividends
 
66

 
74

 
68

 
74

Other, net
 
37

 
57

 
72

 
20

Total gains (losses) on equity investments, net
 
$
342

 
$
478

 
$
594

 
$
500

Interest and Other, Net
The components of interest and other, net for each period were as follows:
 
 
Three Months Ended
 
Six Months Ended
(In Millions)
 
Jul 1,
2017
 
Jul 2,
2016
 
Jul 1,
2017
 
Jul 2,
2016
Interest income
 
$
136

 
$
51

 
$
212

 
$
103

Interest expense
 
(156
)
 
(187
)
 
(302
)
 
(395
)
Other, net
 
423

 
10

 
457

 
84

Total interest and other, net
 
$
403

 
$
(126
)
 
$
367

 
$
(208
)

Interest expense in the preceding table is net of $69 million of interest capitalized in the second quarter of 2017 and $136 million in the first six months of 2017 ($24 million in the second quarter of 2016 and $46 million in the first six months of 2016).
Restructuring and Other Charges
Restructuring and Other Charges [Text Block]
Note 6: Restructuring and Other Charges
 
 
Three Months Ended
 
Six Months Ended
(In Millions)
 
Jul 1,
2017
 
Jul 2,
2016
 
Jul 1,
2017
 
Jul 2,
2016
2016 Restructuring Program
 
$
(42
)
 
$
1,414

 
$
(53
)
 
$
1,414

Other charges
 
147

 

 
238

 

Total restructuring and other charges
 
$
105

 
$
1,414

 
$
185

 
$
1,414


2016 Restructuring Program
In the second quarter of 2016, our management approved and commenced the 2016 Restructuring Program. This program was substantially completed in the second quarter of 2017.
For further information, see "Note 7: Restructuring and Other Charges" in Part II, Item 8 of our 2016 Form 10-K.
Restructuring and other charges by type for the 2016 Restructuring Program for the period were as follows:
 
 
Three Months Ended
 
Six Months Ended
(In Millions)
 
Jul 1,
2017
 
Jul 2,
2016
 
Jul 1,
2017
 
Jul 2,
2016
Employee severance and benefit arrangements
 
$
(49
)
 
$
1,414

 
$
(70
)
 
$
1,414

Asset impairment and other charges
 
7

 

 
17

 

Total restructuring and other charges
 
$
(42
)
 
$
1,414

 
$
(53
)
 
$
1,414


Restructuring and other activity for the 2016 Restructuring Program for the first six months of 2017 was as follows:
(In Millions)
 
Employee Severance and Benefits
 
Asset Impairments and Other
 
Total
Accrued restructuring balance as of December 31, 2016
 
$
585

 
$
10

 
$
595

Additional accruals
 

 
17

 
17

Adjustments
 
(70
)
 

 
(70
)
Cash payments
 
(217
)
 
(16
)
 
(233
)
Non-cash settlements
 

 
(1
)
 
(1
)
Accrued restructuring balance as of July 1, 2017
 
$
298

 
$
10

 
$
308


We recorded the additional accruals as restructuring and other charges and within the "all other" operating segments category. A substantial majority of the accrued restructuring balance as of July 1, 2017 is expected to be paid within the next 12 months and was recorded within accrued compensation and benefits. Restructuring actions related to this program that were approved in 2016 impacted approximately 15,000 employees.
Other charges
 
 
Three Months Ended
 
Six Months Ended
(In Millions)
 
Jul 1,
2017
 
Jul 1,
2017
ISecG separation costs
 
$
70

 
$
143

Other
 
77

 
95

Total other charges
 
$
147

 
$
238

Income Taxes
Income Taxes [Text Block]
Note 7: Income Taxes
Our effective income tax rate was 31.2% in the first six months of 2017 compared to 19.2% in the first six months of 2016. A majority of the increase in the effective rate was attributable to the $822 million tax expense due to
Investments
Investments [Text Block]
Note 8: Investments
Available-for-Sale Investments
 
 
July 1, 2017
 
December 31, 2016
(In Millions)
 
Adjusted Cost
 
Gross Unrealized Gains
 
Gross Unrealized Losses
 
Fair Value
 
Adjusted Cost
 
Gross Unrealized Gains
 
Gross Unrealized Losses
 
Fair Value
Corporate debt
 
$
6,115

 
$
13

 
$
(7
)
 
$
6,121

 
$
3,847

 
$
4

 
$
(14
)
 
$
3,837

Financial institution instruments
 
8,011

 
7

 
(6
)
 
8,012

 
6,098

 
5

 
(11
)
 
6,092

Government debt
 
1,778

 
3

 
(5
)
 
1,776

 
1,581

 

 
(8
)
 
1,573

Marketable equity securities
 
2,560

 
3,344

 

 
5,904

 
2,818

 
3,363

 
(1
)
 
6,180

Total available-for-sale investments
 
$
18,464

 
$
3,367

 
$
(18
)
 
$
21,813

 
$
14,344

 
$
3,372

 
$
(34
)
 
$
17,682


Government debt includes instruments such as non-U.S. government bonds and U.S. agency securities. Financial institution instruments include instruments issued or managed by financial institutions in various forms such as commercial paper, fixed and floating rate bonds, money market fund deposits, and time deposits. Substantially all time deposits were issued by institutions outside the U.S. as of July 1, 2017 (most time deposits were issued by institutions outside the U.S. as of December 31, 2016).
During the second quarter of 2017, we sold available-for sale investments for proceeds of $1.3 billion ($875 million in the second quarter of 2016). During the first six months of 2017, we sold available-for-sale investments for proceeds of $1.8 billion ($3.8 billion in the first six months of 2016). The gross realized gains on sales of available-for-sale investments were $796 million in the second quarter of 2017 and $1.1 billion in the first six months of 2017 ($403 million in the second quarter of 2016 and $497 million in the first six months of 2016).
On April 28, 2017, Cloudera, Inc. (Cloudera) completed its initial public offering and we have designated our previous equity and cost method investments in Cloudera as available-for-sale. During the second quarter of 2017, we determined we had an other-than-temporary decline in the fair value of our investment and recognized an impairment charge of $278 million. We recognized the impairment in the second quarter due to the duration and severity of the decline in the investment's fair value, which we determined was below cost based upon observable market prices after the initial public offering.
The fair value of available-for-sale debt investments, by contractual maturity, as of July 1, 2017, were as follows:
(In Millions)
 
Fair Value
Due in 1 year or less
 
$
8,408

Due in 1–2 years
 
1,434

Due in 2–5 years
 
2,976

Due after 5 years
 
71

Instruments not due at a single maturity date
 
3,020

Total
 
$
15,909


Equity Method Investments
McAfee
In the second quarter of 2017, we closed our divestiture of the ISecG business and retained a 49% interest in McAfee as partial consideration. The carrying value of our investment was $1.1 billion as of July 1, 2017. Our investment is accounted for under the equity method of accounting and is classified within other long-term assets. For further information related to the divestiture of ISecG, see "Note 9: Acquisitions and Divestitures".
IM Flash Technologies, LLC
Since the inception of IM Flash Technologies, LLC (IMFT) in 2006, Micron Technology, Inc. (Micron) and Intel have jointly developed NAND flash memory and, most recently, 3D XPoint™ technology products. Intel also purchases jointly developed products directly from Micron under certain supply agreements.
As of July 1, 2017, we own a 49% interest in IMFT. The carrying value of our investment was $837 million as of July 1, 2017 ($849 million as of December 31, 2016) and is classified within other long-term assets.
IMFT is a variable interest entity and all costs of IMFT are passed on to Micron and Intel through sale of products or services in proportional share of ownership. Our portion of IMFT costs, primarily related to product purchases and production-related services, was approximately $105 million in the second quarter of 2017 and approximately $235 million in the first six months of 2017 (approximately $100 million in the second quarter of 2016 and approximately $200 million in the first six months of 2016). The amount due to IMFT for product purchases and services provided was approximately $100 million as of July 1, 2017 (approximately $95 million as of December 31, 2016).
IMFT depends on Micron and Intel for any additional cash needs. Our known maximum exposure to loss approximated the carrying value of our investment balance in IMFT. Except for the amount due to IMFT for product purchases and production-related services, we did not have any additional liabilities recognized on our consolidated condensed balance sheets in connection with our interests in this joint venture as of July 1, 2017. Our potential future losses could be higher than the carrying amount of our investment, as Intel and Micron are liable for other future operating costs or obligations of IMFT. Future cash calls could also increase our investment balance and the related exposure to loss. In addition, because we are currently committed to purchasing 49% of IMFT’s production output and production-related services, we may be required to purchase products at a cost in excess of realizable value.
Non-marketable Cost Method Investments
Beijing UniSpreadtrum Technology Ltd.
During 2014, we entered into a series of agreements with Tsinghua Unigroup Ltd. (Tsinghua Unigroup), an operating subsidiary of Tsinghua Holdings Co. Ltd., to, among other things, jointly develop Intel® architecture- and communications-based solutions for phones. We agreed to invest up to 9.0 billion Chinese yuan (approximately $1.5 billion as of the date of the agreement) for a minority stake of approximately 20% of Beijing UniSpreadtrum Technology Ltd., a holding company under Tsinghua Unigroup. During 2015, we invested $966 million to complete the first phase of the equity investment and accounted for our interest using the cost method of accounting. During the second quarter of 2017, we reduced our expectation of the company's future operating performance due to competitive pressures, which resulted in an other-than-temporary impairment charge of $147 million.
Trading Assets
Net gains related to trading assets still held at the reporting date were $321 million in the second quarter of 2017 and $483 million in the first six months of 2017 (there were no net gains or losses related to trading assets still held at the reporting date in the second quarter of 2016 and $190 million of net gains in the first six months of 2016). Net losses on the related derivatives were $311 million in the second quarter of 2017 and $446 million in the first six months of 2017 (net losses of $184 million in the first six months of 2016).
Acquisitions and Divestitures
Acquisitions [Text Block]
Note 9: Acquisitions and Divestitures
Pending Acquisition of Mobileye
During the first quarter of 2017, we entered into a definitive agreement to acquire Mobileye N.V. (Mobileye). Pursuant to the terms of the agreement, a wholly-owned subsidiary of Intel commenced a tender offer on April 5, 2017 to acquire all of the issued and outstanding ordinary shares of Mobileye for $63.54 per share in cash, representing a fully-diluted equity value of approximately $15.3 billion as of the date of the agreement. The transaction is expected to close during the third quarter of 2017, pending satisfaction of all closing conditions. Mobileye is a global leader in the development of computer vision and machine learning, data analysis, localization and mapping for advanced driver assistance systems and autonomous driving. This acquisition will combine Mobileye’s leading computer vision expertise with Intel’s high-performance computing and connectivity expertise to create automated driving solutions from cloud to car.
Divestiture of Intel Security Group
On September 7, 2016, we announced a definitive agreement with TPG VII Manta Holdings, L.P., now known as Manta Holdings, L.P. (TPG), to transfer certain assets and liabilities relating to ISecG to a newly formed, jointly-owned, separate cybersecurity company, called McAfee. The transaction closed on April 3, 2017.
Total consideration was $4.2 billion, consisting of $924 million in cash proceeds, $1.1 billion in the form of equity representing a 49% ownership interest in McAfee, and $2.2 billion in the form of promissory notes issued by McAfee and TPG. The promissory notes are classified as a loan receivable within other long-term assets. The notes accrue interest quarterly at an interest rate of three-month LIBOR plus 7.0% per annum and mature in 2020, but may be repaid early without penalty. The interest rate will increase by 0.5% every three months beginning in the first quarter of 2018. Additionally, McAfee may borrow $250 million on a line of credit provided by Intel. The line of credit will be closed when the notes are repaid.
The carrying amounts of the major classes of ISecG assets and liabilities as of the transaction close date included the following:
(In Millions)
 
Apr 3,
2017
Accounts receivable
 
$
317

Goodwill
 
3,601

Identified intangible assets
 
965

Other assets
 
276

Total assets
 
$
5,159

 
 
 
Deferred income
 
$
1,553

Other liabilities
 
276

Total liabilities
 
$
1,829


As of the transaction close date, we recognized a pre-tax gain of $387 million within "Interest and other, net," which is net of $507 million of currency translation adjustment losses reclassified from accumulated other comprehensive income (loss) associated with currency charges on the carrying values of ISecG goodwill and identified intangible assets. In addition, we recognized a tax expense of $822 million.
Identified Intangible Assets
Identified Intangible Assets [Text Block]
Note 10: Identified Intangible Assets
 
 
July 1, 2017
(In Millions)
 
Gross Assets
 
Accumulated
Amortization
 
Net
Acquisition-related developed technology
 
$
6,591

 
$
(1,441
)
 
$
5,150

Acquisition-related customer relationships
 
1,340

 
(224
)
 
1,116

Acquisition-related brands
 
79

 
(19
)
 
60

Licensed technology and patents
 
3,184

 
(1,451
)
 
1,733

Identified intangible assets subject to amortization
 
11,194

 
(3,135
)
 
8,059

In-process research and development
 
808

 

 
808

Identified intangible assets not subject to amortization
 
808

 

 
808

Total identified intangible assets
 
$
12,002

 
$
(3,135
)
 
$
8,867

 
 
December 31, 2016
(In Millions)
 
Gross Assets
 
Accumulated
Amortization
 
Net
Acquisition-related developed technology
 
$
7,405

 
$
(1,836
)
 
$
5,569

Acquisition-related customer relationships
 
1,449

 
(260
)
 
1,189

Acquisition-related brands
 
87

 
(21
)
 
66

Licensed technology and patents
 
3,285

 
(1,423
)
 
1,862

Identified intangible assets subject to amortization
 
12,226

 
(3,540
)
 
8,686

In-process research and development
 
808

 

 
808

Identified intangible assets not subject to amortization
 
808

 

 
808

Total identified intangible assets
 
$
13,034

 
$
(3,540
)
 
$
9,494


Amortization expenses recorded in the consolidated condensed statements of income for each period were as follows:
 
 
 
 
Three Months Ended
 
Six Months Ended
(In Millions)
 
Location
 
Jul 1,
2017
 
Jul 2,
2016
 
Jul 1,
2017
 
Jul 2,
2016
Acquisition-related developed technology
 
Cost of sales
 
$
198

 
$
235

 
$
407

 
$
470

Acquisition-related customer relationships
 
Amortization of acquisition-related intangibles
 
33

 
82

 
68

 
165

Acquisition-related brands
 
Amortization of acquisition-related intangibles
 
4

 
7

 
7

 
14

Licensed technology and patents
 
Cost of sales
 
78

 
71

 
152

 
142

Total amortization expense
 
 
 
$
313

 
$
395

 
$
634

 
$
791


We expect future amortization expense for the next five years to be as follows:
(In Millions)
 
Remainder of 2017
 
2018
 
2019
 
2020
 
2021
Acquisition-related developed technology
 
$
394

 
$
784

 
$
782

 
$
750

 
$
715

Acquisition-related customer relationships
 
67

 
122

 
121

 
119

 
119

Acquisition-related brands
 
7

 
13

 
13

 
13

 
14

Licensed technology and patents
 
132

 
231

 
219

 
194

 
179

Total future amortization expenses
 
$
600

 
$
1,150

 
$
1,135

 
$
1,076

 
$
1,027

Other Long-Term Assets
Other Long-Term Assets [Text Block]
Note 11: Other Long-Term Assets
(In Millions)
 
Jul 1,
2017
 
Dec 31,
2016
Equity method investments
 
$
2,266

 
$
1,328

Non-marketable cost method investments
 
2,719

 
3,098

Non-current deferred tax assets
 
753

 
907

Pre-payments for property, plant and equipment
 
422

 
347

Loans receivable
 
2,725

 
236

Reverse repurchase agreements
 

 
250

Other
 
1,121

 
993

Total other long-term assets
 
$
10,006

 
$
7,159

Borrowings
Borrowings [Text Block]
Note 12: Borrowings
Short-Term Debt
(In Millions)
 
Jul 1,
2017
 
Dec 31,
2016
Drafts payable
 
$
13

 
$
25

Current portion of long-term debt
 
4,125

 
4,618

Less: debt issuance costs associated with the current portion of long-term debt
 
(8
)
 
(9
)
Total short-term debt
 
$
4,130

 
$
4,634


Our current portion of long-term debt includes our 2009 junior subordinated convertible debentures due 2039 and our 2012 senior notes due 2017.
We have an ongoing authorization from our Board of Directors to borrow up to $10.0 billion under our commercial paper program. This amount includes an increase of $5.0 billion in the authorization limit approved by our Board of Directors in April 2017.
During the second quarter of 2017, we repaid $500 million of our 1.75% senior notes that matured in May 2017.
Long-Term Debt
Our indebtedness is carried at amortized cost net of applicable hedge adjustments.
(In Millions)
 
Jul 1,
2017
 
Dec 31,
2016
Floating-rate senior notes:
 
 
 
 
$700, three-month LIBOR plus 0.08%, due May 2020
 
$
700

 
$

$800, three-month LIBOR plus 0.35%, due May 2022
 
800

 

Fixed-rate senior notes:
 
 
 
 
$500, 1.75%, due May 2017
 

 
501

$3,000, 1.35%, due December 2017
 
3,000

 
2,999

$600, 2.50%, due November 2018
 
603

 
604

A$250, 3.25%, due December 20191
 
191

 
180

$1,000, 1.85%, due May 2020
 
1,000

 

$1,750, 2.45%, due July 2020
 
1,749

 
1,749

$500, 1.70%, due May 2021
 
499

 
499

$2,000, 3.30%, due October 2021
 
1,999

 
1,988

$750, 2.35%, due May 2022
 
748

 

$1,000, 3.10%, due July 2022
 
995

 
987

A$550, 4.00%, due December 20221
 
419

 
394

$1,500, 2.70%, due December 2022
 
1,493

 
1,480

$400, 4.10%, due November 2023
 
422

 
424

$1,250, 2.88%, due May 2024
 
1,241

 

$600, 2.70%, due June 2024
 
600

 

$2,250, 3.70%, due July 2025
 
2,176

 
2,148

$1,000, 2.60%, due May 2026
 
995

 
983

$1,000, 3.15%, due May 2027
 
997

 

$750, 4.00%, due December 2032
 
745

 
745

$1,500, 4.80%, due October 2041
 
1,491

 
1,491

$925, 4.25%, due December 2042
 
924

 
924

$2,000, 4.90%, due July 2045
 
1,999

 
1,999

$1,007, 4.90%, due August 2045
 
1,005

 
995

$915, 4.70%, due December 2045
 
905

 
894

$1,250, 4.10%, due May 2046
 
1,243

 
1,243

$1,000, 4.10%, due May 2047
 
994

 

Junior subordinated convertible debentures:
 
 
 
 
$1,600, 2.95%, due December 2035
 
1,000

 
992

$2,000, 3.25%, due August 2039
 
1,126

 
1,118

Long-term debt
 
32,059

 
25,337

Less: current portion of long-term debt
 
(4,125
)
 
(4,618
)
Less: debt issuance costs
 
(79
)
 
(70
)
Total long-term debt
 
$
27,855

 
$
20,649


1 
To manage foreign currency risk associated with the Australian-dollar-denominated notes issued in 2015, we entered into currency interest rate swaps with an aggregate notional amount of $577 million, which effectively converted these notes to U.S.-dollar-denominated notes. For further discussion on our currency interest rate swaps, see "Note 15: Derivative Financial Instruments."
During the second quarter of 2017, we issued a total of $7.1 billion aggregate principal amount of senior notes. We intend to use the net proceeds from the offering of the notes for general corporate purposes, which may include refinancing of outstanding debt or repurchases of shares of our common stock.
Our senior floating rate notes pay interest quarterly and our senior fixed rate notes pay interest semiannually. We may redeem the fixed rate notes prior to their maturity at our option at specified redemption prices and subject to certain restrictions. The obligations under the notes rank equally in right of payment with all of our other existing and future senior unsecured indebtedness and effectively rank junior to all liabilities of our subsidiaries.
Subsequent to the end of the second quarter of 2017, we gave notice of our intention to redeem the $1.0 billion, 4.90% senior notes due August 2045. The redemption date is August 11, 2017.
For further information on our debt instruments, see "Note 14: Borrowings" in Part II, Item 8 of our 2016 Form 10-K.
Fair Value
Fair Value [Text Block]
Note 13: Fair Value
For information about our fair value policies, and methods and assumptions used in estimating the fair value of our financial assets and liabilities, see “Note 2: Accounting Policies" and "Note 15: Fair Value" in Part II, Item 8 of our 2016 Form 10-K.
Assets and Liabilities Measured and Recorded at Fair Value on a Recurring Basis
 
 
July 1, 2017
 
December 31, 2016
 
 
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
 
$

 
$
2,645

 
$

 
$
2,645

 
$

 
$
498

 
$

 
$
498

Financial institution instruments 1
 
3,020

 
2,139

 

 
5,159

 
1,920

 
811

 

 
2,731

Government debt 2
 

 
466

 

 
466

 

 
332

 

 
332

Reverse repurchase agreements
 

 
2,335

 

 
2,335

 

 
768

 

 
768

Short-term investments:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Corporate debt
 

 
1,654

 
6

 
1,660

 

 
1,332

 
6

 
1,338

Financial institution instruments 1
 

 
1,221

 

 
1,221

 

 
1,603

 

 
1,603

Government debt 2
 

 
277

 

 
277

 

 
284

 

 
284

Trading assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Asset-backed securities
 

 
22

 

 
22

 

 
87

 

 
87

Corporate debt
 

 
2,461

 

 
2,461

 

 
2,847

 

 
2,847

Financial institution instruments 1
 
92

 
1,544

 

 
1,636

 
36

 
1,608

 

 
1,644

Government debt 2
 
31

 
6,934

 

 
6,965

 
32

 
3,704

 

 
3,736

Other current assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Derivative assets
 

 
326

 

 
326

 

 
382

 

 
382

Loans receivable
 

 
86

 

 
86

 

 
326

 

 
326

Marketable equity securities
 
5,472

 
432

 

 
5,904

 
6,180

 

 

 
6,180

Other long-term investments:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Corporate debt
 

 
1,811

 
5

 
1,816

 

 
1,995

 
6

 
2,001

Financial institution instruments 1
 

 
1,632

 

 
1,632

 

 
1,758

 

 
1,758

Government debt 2
 

 
1,033

 

 
1,033

 

 
957

 

 
957

Other long-term assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Derivative assets
 

 
64

 
9

 
73

 

 
31

 
9

 
40

Loans receivable
 

 
525

 

 
525

 

 
236

 

 
236

Total assets measured and recorded at fair value
 
8,615

 
27,607

 
20

 
36,242

 
8,168

 
19,559

 
21

 
27,748

Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other accrued liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Derivative liabilities
 

 
444

 

 
444

 

 
371

 

 
371

Other long-term liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Derivative liabilities
 

 
125

 
12

 
137

 

 
179

 
33

 
212

Total liabilities measured and recorded at fair value
 
$

 
$
569

 
$
12

 
$
581

 
$

 
$
550

 
$
33

 
$
583


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 1 investments consist primarily of US Treasury securities. Level 2 investments consist primarily of US Agency notes and non-U.S. government debt.
In the second quarter of 2017, we began assigning fair value hierarchy levels based on the underlying instrument type for our fixed income portfolio. We have reclassified prior period amounts to conform to the current period presentation.
Fair Value Option for Loans Receivable
As of July 1, 2017 and December 31, 2016, 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.
Assets Measured and Recorded at Fair Value on a Non-Recurring Basis
Our non-marketable equity investments, marketable equity method investments, and non-financial assets, such as intangible assets and property, plant and equipment, are recorded at fair value only if an impairment is recognized.
We classified non-marketable equity investments as Level 3. Impairments recognized on non-marketable equity investments held as of July 1, 2017 were $277 million during the second quarter of 2017 and $325 million during the first six months of 2017 ($57 million during the second quarter of 2016 and $84 million during the first six months of 2016 on non-marketable equity investments held as of July 2, 2016).
Financial Instruments Not Recorded at Fair Value on a Recurring Basis
The carrying amounts and fair values of financial instruments not recorded at fair value on a recurring basis at the end of each period were as follows:
 
 
July 1, 2017
(In Millions)
 
Carrying
Amount
 
Fair Value Measured Using
 
Fair Value
Level 1
 
Level 2
 
Level 3
 
Grants receivable
 
$
440

 
$

 
$
440

 
$

 
$
440

Loans receivable1
 
$
2,465

 
$

 
$
2,465

 
$

 
$
2,465

Non-marketable cost method investments
 
$
2,719

 
$

 
$

 
$
3,457

 
$
3,457

Reverse repurchase agreements
 
$
250

 
$

 
$
250

 
$

 
$
250

Short-term debt
 
$
4,117

 
$

 
$
4,697

 
$

 
$
4,697

Long-term debt
 
$
27,855

 
$
17,980

 
$
11,630

 
$

 
$
29,610

1 
Includes a loan receivable of $2.2 billion due from McAfee and TPG. The fair value of this loan receivable approximates its carrying value and we did not obtain or secure collateral against this obligation. For further information, see "Note 9: Acquisitions and Divestitures."

 
 
December 31, 2016
(In Millions)
 
Carrying
Amount
 
Fair Value Measured Using
 
Fair Value
Level 1
 
Level 2
 
Level 3
 
Grants receivable
 
$
361

 
$

 
$
362

 
$

 
$
362

Loans receivable
 
$
265

 
$

 
$
265

 
$

 
$
265

Non-marketable cost method investments
 
$
3,098

 
$

 
$

 
$
3,890

 
$
3,890

Reverse repurchase agreements
 
$
250

 
$

 
$
250

 
$

 
$
250

Short-term debt
 
$
4,609

 
$
3,006

 
$
2,114

 
$

 
$
5,120

Long-term debt
 
$
20,649

 
$
12,171

 
$
9,786

 
$

 
$
21,957


The carrying amount and fair value of short-term debt exclude drafts payable.
Other Comprehensive Income (Loss)
Other Comprehensive Income (Loss) [Text Block]
Note 14: Other Comprehensive Income (Loss)
The changes in accumulated other comprehensive income (loss) by component and related tax effects in the first six months of 2017 were as follows:
(In Millions)
 
Unrealized Holding Gains (Losses) on Available-for-Sale Investments
 
Unrealized Holding Gains (Losses) on Derivatives
 
Prior Service Credits (Costs)
 
Actuarial Gains (Losses)
 
Foreign Currency Translation Adjustment
 
Total
December 31, 2016
 
$
2,164

 
$
(259
)
 
$
(40
)
 
$
(1,240
)
 
$
(519
)
 
$
106

Other comprehensive income (loss) before reclassifications1
 
1,059

 
445

 

 
217

 
1

 
1,722

Amounts reclassified out of accumulated other comprehensive income
 
(1,046
)
 
16

 
(12
)
 
40

 
507

 
(495
)
Tax effects
 
(4
)
 
(130
)
 
2

 
(27
)
 

 
(159
)
Other comprehensive income (loss)
 
9

 
331

 
(10
)
 
230

 
508

 
1,068

July 1, 2017
 
$
2,173

 
$
72

 
$
(50
)
 
$
(1,010
)
 
$
(11
)
 
$
1,174


1 
In the second quarter of 2017, we froze future benefit accruals for our Ireland pension plan.


The amounts reclassified out of accumulated other comprehensive income (loss) into the consolidated condensed statements of income for each period were as follows:
 
 
Income Before Taxes Impact
(In Millions)
 
 
 
 
Three Months Ended
 
Six Months Ended
 
 
Comprehensive Income Components
 
Jul 1,
2017
 
Jul 2,
2016
 
Jul 1,
2017
 
Jul 2,
2016
 
Location
Unrealized holding gains (losses)1 on available-for-sale investments:
 
 
 
 
 
 
 
 
 
 
 
 
$
783

 
$
403

 
$
1,046

 
$
488

 
Gains (losses) on equity investments, net
 
 
783

 
403

 
1,046

 
488

 
 
Unrealized holding gains (losses) on derivatives:
 
 
 
 
 
 
 
 
 
 
Foreign currency contracts
 
(27
)
 
(17
)
 
(47
)
 
(59
)
 
Cost of sales
 
 
2

 
7

 
(14
)
 
(3
)
 
Research and development
 
 
(1
)
 
3

 
(6
)
 
(1
)
 
Marketing, general and administrative
 
 
12

 
11

 
16

 
11

 
Gains (losses) on equity investments, net
 
 
(3
)
 
(17
)
 
35

 
17

 
Interest and other, net
 
 
(17
)
 
(13
)
 
(16
)
 
(35
)
 
 
Amortization of pension and postretirement benefit components:
 
 
 
 
 
 
 
 
 
 
Prior service credits (costs)
 
14

 
(2
)
 
12

 
(4
)
 
 
Actuarial gains (losses)
 
(18
)
 
(14
)
 
(40
)
 
(26
)
 
 
 
 
(4
)
 
(16
)
 
(28
)
 
(30
)
 
 
Currency translation adjustment
 
(507
)
 

 
(507
)
 

 
Interest and other, net
Total amounts reclassified out of accumulated other comprehensive income (loss)
 
$
255

 
$
374

 
$
495

 
$
423

 
 

1 
We determine the cost of the investment sold based on an average cost basis at the individual security level.
The amortization of pension and postretirement benefit components are included in the computation of net periodic benefit cost. For further information, see "Note 18: Retirement Benefit Plans" in Part II, Item 8 of our 2016 Form 10-K.
We estimate that we will reclassify approximately $76 million (before taxes) of net derivative gains included in accumulated other comprehensive income (loss) into earnings within the next 12 months.
During the second quarter of 2017, we reclassified approximately $507 million (before taxes) of currency translation adjustment losses included in accumulated other comprehensive income (loss) into earnings as a result of our divestiture of ISecG. For more information see "Note 9: Acquisitions and Divestitures."
Derivative Financial Instruments
Derivative Financial Instruments [Text Block]
Note 15: Derivative Financial Instruments
For further information on our derivative policies, see “Note 2: Accounting Policies" in Part II, Item 8 of our 2016 Form 10-K.
Volume of Derivative Activity
Total gross notional amounts for outstanding derivatives (recorded at fair value) at the end of each period were as follows: 
(In Millions)
 
Jul 1,
2017
 
Dec 31,
2016
 
Jul 2,
2016
Foreign currency contracts
 
$
20,861

 
$
17,960

 
$
18,682

Interest rate contracts
 
16,781

 
14,228

 
10,039

Other
 
1,396

 
1,340

 
1,307

Total
 
$
39,038

 
$
33,528

 
$
30,028

Fair Value of Derivative Instruments in the Consolidated Condensed Balance Sheets
 
 
July 1, 2017
 
December 31, 2016
(In Millions)
 
Assets 1
 
Liabilities 2
 
Assets 1
 
Liabilities 2
Derivatives designated as hedging instruments:
 
 
 
 
 
 
 
 
Foreign currency contracts 3
 
$
283

 
$
23

 
$
21

 
$
252

Interest rate contracts
 
12

 
114

 
3

 
187

Total derivatives designated as hedging instruments
 
295

 
137

 
24

 
439

Derivatives not designated as hedging instruments:
 
 
 
 
 
 
 
 
Foreign currency contracts 3
 
83

 
421

 
374

 
114

Interest rate contracts
 
12

 
23

 
15

 
30

Other
 
9

 

 
9

 

Total derivatives not designated as hedging instruments
 
104

 
444

 
398

 
144

Total derivatives
 
$
399

 
$
581

 
$
422

 
$
583


1 
Derivative assets are recorded as other assets, current and non-current.
2 
Derivative liabilities are recorded as other liabilities, current and non-current.
3 
The majority of these instruments mature within 12 months.

Amounts Offset in the Consolidated Condensed Balance Sheets
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:
 
 
July 1, 2017
 
 
 
 
 
 
 
 
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
 
$
386

 
$

 
$
386

 
$
(232
)
 
$
(135
)
 
$
19

Reverse repurchase agreements
 
2,585

 

 
2,585

 

 
(2,585
)
 

Total assets
 
2,971

 

 
2,971

 
(232
)
 
(2,720
)
 
19

Liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
Derivative liabilities subject to master netting arrangements
 
563

 

 
563

 
(232
)
 
(303
)
 
28

Total liabilities
 
$
563

 
$

 
$
563

 
$
(232
)
 
$
(303
)
 
$
28

 
 
December 31, 2016
 
 
 
 
 
 
 
 
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
 
$
433

 
$

 
$
433

 
$
(368
)
 
$
(42
)
 
$
23

Reverse repurchase agreements
 
1,018

 

 
1,018

 

 
(1,018
)
 

Total assets
 
1,451

 

 
1,451

 
(368
)
 
(1,060
)
 
23

Liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
Derivative liabilities subject to master netting arrangements
 
588

 

 
588

 
(368
)
 
(201
)
 
19

Total liabilities
 
$
588

 
$

 
$
588

 
$
(368
)
 
$
(201
)
 
$
19


We obtain and secure available collateral from counterparties against obligations, including securities lending transactions and reverse repurchase agreements, when we deem it appropriate.

Derivatives in Cash Flow Hedging Relationships
The before-tax net gains or losses, attributed to the effective portion of cash flow hedges, recognized in other comprehensive income (loss), were $180 million net gains in the second quarter of 2017 and $445 million net gains in the first six months of 2017 ($39 million net gains in the second quarter of 2016 and $282 million net gains in the first six months of 2016). Substantially all of our cash flow hedges are foreign currency contracts for the first six months of 2017 and 2016.
During the first six months of 2017 and 2016, hedge ineffectiveness and amounts excluded from effectiveness testing were insignificant.
For information on the unrealized holding gains (losses) on derivatives reclassified out of accumulated other comprehensive income into the consolidated condensed statements of income, see "Note 14: Other Comprehensive Income (Loss)."
Derivatives in Fair Value Hedging Relationships
The effects of derivative instruments designated as fair value hedges, recognized in interest and other, net for each period were as follows:
 
 
Three Months Ended
 
Six Months Ended
(In Millions)
 
Jul 1,
2017
 
Jul 2,
2016
 
Jul 1,
2017
 
Jul 2,
2016
Interest rate contracts
 
$
96

 
$
60

 
$
82

 
$
222

Hedged items
 
(96
)
 
(60
)
 
(82
)
 
(222
)
Total
 
$

 
$

 
$

 
$


There was no ineffectiveness during all periods presented in the preceding table.
Derivatives Not Designated as Hedging Instruments
The effects of derivative instruments not designated as hedging instruments on the consolidated condensed statements of income for each period were as follows:
 
 
 
 
Three Months Ended
 
Six Months Ended
(In Millions)
 
Location of Gains (Losses)
Recognized in Income on Derivatives
 
Jul 1,
2017
 
Jul 2,
2016
 
Jul 1,
2017
 
Jul 2,
2016
Foreign currency contracts
 
Interest and other, net
 
$
(271
)
 
$
64

 
$
(430
)
 
$
(174
)
Interest rate contracts
 
Interest and other, net
 
1

 
(8
)
 
(1
)
 
(15
)
Other
 
Various
 
38

 
6

 
95

 
18

Total
 
 
 
$
(232
)
 
$
62

 
$
(336
)
 
$
(171
)
Employee Equity Incentive Plans
Employee Equity Incentive Plans [Text Block]
Note 16: Employee Equity Incentive Plans
Our equity incentive plans are broad-based, long-term programs intended to attract and retain talented employees and align stockholder and employee interests.
In May 2017, stockholders approved an extension of the expiration date of the 2006 Equity Incentive Plan to June 2020 and approved an additional 33 million shares reserved for issuance under the plan. As of July 2, 2017, 217 million shares of common stock remained available for future grants.
Share-Based Compensation
Share-based compensation expense recognized was $328 million in the second quarter of 2017 and $725 million in the first six months of 2017 ($364 million in the second quarter of 2016 and $812 million in the first six months of 2016).
Restricted Stock Unit Awards
Restricted stock unit activity in the first six months of 2017 was as follows: 
 
 
Number of
RSUs
(In Millions)
 
Weighted Average
Grant-Date
Fair Value
December 31, 2016
 
106.8

 
$
28.99

Granted
 
39.8

 
$
34.51

Vested
 
(36.6
)
 
$
27.15

Forfeited
 
(9.3
)
 
$
29.82

July 1, 2017
 
100.7

 
$
31.76


The aggregate fair value of awards that vested in the first six months of 2017 was $1.4 billion, which represents the market value of our common stock on the date that the RSUs vested. The grant-date fair value of awards that vested in first six months of 2017 was $994 million. The number of RSUs vested includes shares of common stock that we withheld on behalf of employees to satisfy the minimum statutory tax withholding requirements. RSUs that are expected to vest are net of estimated future forfeitures.
Stock Purchase Plan
The 2006 Stock Purchase Plan allows eligible employees to purchase shares of our common stock at 85% of the value of our common stock on specific dates. Rights to purchase shares of common stock are granted during the first and third quarters of each year. The 2006 Stock Purchase Plan has 157 million shares of common stock remaining through August 2021 for issuance.
Employees purchased 8 million shares of common stock in the first six months of 2017 for $235 million (9.2 million shares of common stock in the first six months of 2016 for $227 million) under the 2006 Stock Purchase Plan.
Contingencies
Contingencies [Text Block]
Note 17: Contingencies
Legal Proceedings
We are a party to various legal proceedings, including those noted in this section. Although management at present believes that the ultimate outcome of these proceedings, individually and in the aggregate, will not materially harm our financial position, results of operations, cash flows, or overall trends, legal proceedings and related government investigations are subject to inherent uncertainties, and unfavorable rulings or other events could occur. Unfavorable resolutions could include substantial monetary damages. In addition, in matters for which injunctive relief or other conduct remedies are sought, unfavorable resolutions could include an injunction or other order prohibiting us from selling one or more products at all or in particular ways, precluding particular business practices, or requiring other remedies. An unfavorable outcome may result in a material adverse impact on our business, results of operations, financial position, and overall trends. We might also conclude that settling one or more such matters is in the best interests of our stockholders, employees and customers, and any such settlement could include substantial payments. Except as specifically described below, we have not concluded that settlement of any of the legal proceedings noted in this section is appropriate at this time.
European Commission Competition Matter
In 2001, the European Commission (EC) commenced an investigation regarding claims by Advanced Micro Devices, Inc. (AMD) that we used unfair business practices to persuade customers to buy our microprocessors. We received numerous requests for information and documents from the EC and we responded to each of those requests. The EC issued a Statement of Objections in July 2007 and held a hearing on that Statement in March 2008. The EC issued a Supplemental Statement of Objections in July 2008. In May 2009, the EC issued a decision finding that we had violated Article 82 of the EC Treaty and Article 54 of the European Economic Area Agreement. In general, the EC found that we violated Article 82 (later renumbered as Article 102 by a new treaty) by offering alleged "conditional rebates and payments" that required our customers to purchase all or most of their x86 microprocessors from us. The EC also found that we violated Article 82 by making alleged "payments to prevent sales of specific rival products." The EC imposed a fine in the amount of €1.1 billion ($1.4 billion as of May 2009), which we subsequently paid during the third quarter of 2009, and ordered us to "immediately bring to an end the infringement referred to in" the EC decision.
The EC decision contained no specific direction on whether or how we should modify our business practices. Instead, the decision stated that we should "cease and desist" from further conduct that, in the EC's opinion, would violate applicable law. We took steps, which are subject to the EC's ongoing review, to comply with that decision pending appeal. We had discussions with the EC to better understand the decision and to explain changes to our business practices.
We appealed the EC decision to the Court of First Instance (which has been renamed the General Court) in July 2009. The hearing of our appeal took place in July 2012. In June 2014, the General Court rejected our appeal in its entirety. In August 2014, we filed an appeal with the European Court of Justice. In November 2014, Intervener Association for Competitive Technologies filed comments in support of Intel’s grounds of appeal. The EC and interveners filed briefs in November 2014, we filed a reply in February 2015, and the EC filed a rejoinder in April 2015. The Court of Justice held oral argument in June 2016. In October 2016, Advocate General Wahl, an advisor to the Court of Justice, issued a non-binding advisory opinion which favored Intel on a number of grounds. The Court of Justice has announced that it will issue its decision in September 2017.
Shareholder Derivative Litigation regarding In re High Tech Employee Antitrust Litigation
In March 2014, the Police Retirement System of St. Louis (PRSSL) filed a shareholder derivative action in the Superior Court of California in Santa Clara County against Intel, certain current and former members of our Board of Directors, and former officers. The complaint alleges that the defendants breached their duties to the company by participating in, or allowing, purported antitrust violations, which were alleged in a now-settled antitrust class action lawsuit captioned In re High Tech Employee Antitrust Litigation claiming that Intel, Adobe Systems Incorporated, Apple Inc., Google Inc., Intuit Inc., Lucasfilm Ltd., and Pixar conspired to suppress their employees’ compensation. In March 2014, a second plaintiff, Barbara Templeton, filed a substantially similar derivative suit in the same court. In May 2014, a third shareholder, Robert Achermann, filed a substantially similar derivative action in the same court. The court consolidated the three actions into one, which is captioned In re Intel Corporation Shareholder Derivative Litigation. Plaintiffs filed a consolidated complaint in July 2014. In August 2015, the court granted our motion to dismiss the consolidated complaint. The plaintiffs thereafter filed a motion for reconsideration and a motion for new trial, both of which the court denied in October 2015. In November 2015, plaintiffs PRSSL and Templeton appealed the court's decision. The appeal is fully briefed, and we are waiting on a hearing date from the appellate court.
In June 2015, the International Brotherhood of Electrical Workers (IBEW) filed a shareholder derivative action in the Chancery Court in Delaware against Intel, certain current and former members of our Board of Directors, and former officers. The lawsuit makes allegations substantially similar to those in the California shareholder derivative litigation described above, but additionally alleges breach of the duty of disclosure with respect to In re High Tech Employee Antitrust Litigation and that Intel's 2013 and 2014 proxy statements misrepresented the effectiveness of the Board’s oversight of compliance issues at Intel and the Board’s compliance with Intel’s Code of Conduct and Board of Director Guidelines on Significant Corporate Governance Issues. In October 2015, the court stayed the IBEW lawsuit for six months pending further developments in the California case. In March 2016, Intel and IBEW entered into a stipulated dismissal pursuant to which IBEW dismissed its complaint but may re-file upon the withdrawal or final resolution of the appeal in the PRSSL California shareholder derivative litigation.
In April 2016, John Esposito filed a shareholder derivative action in the Superior Court of California in Santa Clara County against Intel, current members of our Board, and certain former officers and employees. Esposito made a demand on our Board in 2013 to investigate whether our officers or directors should be sued for their participation in the events described in In re High Tech Employee Antitrust Litigation. In November 2015, our Board decided not to take further action on Esposito’s demand based on the recommendation of the Audit Committee of the Board after its investigation of relevant facts and circumstances. Esposito seeks to set aside such decision, and alleges that the Board was not disinterested in making that decision and that the investigation was inadequate. In August 2016, Intel filed a motion to dismiss Esposito’s complaint. In November 2016, the court granted Intel’s motion to dismiss the case, without leave to amend. In March 2017, plaintiff filed a motion for fees. The court denied plaintiff’s fee motion in May 2017, and entered final judgment in this matter in June 2017. Esposito has 60 days to appeal the final judgment.
McAfee, Inc. Shareholder Litigation
On August 19, 2010, we announced that we had agreed to acquire all of the common stock of McAfee, Inc. (McAfee) for $48.00 per share. Four McAfee shareholders filed putative class-action lawsuits in Santa Clara County, California Superior Court challenging the proposed transaction. The cases were ordered consolidated in September 2010. Plaintiffs filed an amended complaint that named former McAfee board members, McAfee, and Intel as defendants, and alleged that the McAfee board members breached their fiduciary duties and that McAfee and Intel aided and abetted those breaches of duty. The complaint requested rescission of the merger agreement, such other equitable relief as the court may deem proper, and an award of damages in an unspecified amount. In June 2012, the plaintiffs’ damages expert asserted that the value of a McAfee share for the purposes of assessing damages should be $62.08.
In January 2012, the court certified the action as a class action, appointed the Central Pension Laborers’ Fund to act as the class representative, and scheduled trial to begin in January 2013. In March 2012, defendants filed a petition with the California Court of Appeal for a writ of mandate to reverse the class certification order; the petition was denied in June 2012. In March 2012, at defendants’ request, the court held that plaintiffs were not entitled to a jury trial and ordered a bench trial. In April 2012, plaintiffs filed a petition with the California Court of Appeal for a writ of mandate to reverse that order, which the court of appeal denied in July 2012. In August 2012, defendants filed a motion for summary judgment. The trial court granted that motion in November 2012, and entered final judgment in the case in February 2013. In April 2013, plaintiffs appealed the final judgment. The appeal is fully briefed, and we are waiting on a hearing date from the appellate court. Because the resolution of the appeal may materially impact the scope and nature of the proceeding, we are unable to make a reasonable estimate of the potential loss or range of losses, if any, arising from this matter. We dispute the class-action claims and intend to continue to defend the lawsuit vigorously.

Intel Corporation v. Future Link Systems, LLC 
In March 2014, Intel filed a complaint against Future Link Systems, LLC (Future Link) in the United States District Court for the District of Delaware, requesting a declaratory judgment that Intel and its customers do not infringe any valid, enforceable claim of nine patents owned by Future Link. In July 2015, Future Link filed counterclaims against Intel alleging infringement of fifteen patents. Fact and expert discovery have concluded. As of the exchange of expert reports, Future Link alleges infringement of fourteen patents and past damages in the amount of approximately $9.9 billion. In June 2017, the court denied Intel’s Daubert motion to exclude opinions of Future Link’s damages experts, and Future Link’s Daubert motion to exclude opinions of Intel’s damages experts. The court has not yet ruled on numerous motions for summary judgment of certain claims filed by both Intel and Future Link. The court has scheduled a jury trial in September 2017, but the court has not yet ruled on the parties’ different proposals for which claims will be adjudicated in that trial. Given the procedural posture and the nature of this case, we are unable to make a reasonable estimate of the potential loss or range of losses, if any, arising from this matter. We dispute Future Link’s claims and intend to vigorously defend against them.
Operating Segments Information (Tables)
Schedule of Segment Reporting Information, by Segment [Table Text Block]
Net revenue and operating income (loss) for each period were as follows:
 
 
Three Months Ended
 
Six Months Ended
(In Millions)
 
Jul 1,
2017
 
Jul 2,
2016
 
Jul 1,
2017
 
Jul 2,
2016
Net revenue:
 
 
 
 
 
 
 
 
Client Computing Group
 
 
 
 
 
 
 
 
Platform
 
$
7,634

 
$
6,938

 
$
15,031

 
$
14,137

Other
 
579

 
400

 
1,158

 
750

 
 
8,213

 
7,338

 
16,189

 
14,887

Data Center Group
 
 
 
 
 
 
 
 
Platform
 
4,026

 
3,718

 
7,905

 
7,425

Other
 
346

 
309

 
699

 
601

 
 
4,372

 
4,027

 
8,604

 
8,026

Internet of Things Group
 
 
 
 
 
 
 
 
Platform
 
614

 
497

 
1,246

 
1,068

Other
 
106

 
75

 
195

 
155

 
 
720

 
572

 
1,441

 
1,223

Non-Volatile Memory Solutions Group
 
874

 
554

 
1,740

 
1,111

Programmable Solutions Group
 
440

 
465

 
865

 
824

All other
 
144

 
577

 
720

 
1,164

Total net revenue
 
$
14,763

 
$
13,533

 
$
29,559

 
$
27,235

Operating income (loss):
 
 
 
 
 
 
 
 
Client Computing Group
 
$
3,025

 
$
1,911

 
$
6,056

 
$
3,796

Data Center Group
 
1,661

 
1,765

 
3,148

 
3,529

Internet of Things Group
 
139

 
89

 
244

 
212

Non-Volatile Memory Solutions Group
 
(110
)
 
(224
)
 
(239
)
 
(319
)
Programmable Solutions Group
 
97

 
(62
)
 
189

 
(262
)
All other
 
(985
)
 
(2,161
)
 
(1,972
)
 
(3,070
)
Total operating income
 
$
3,827

 
$
1,318

 
$
7,426

 
$
3,886

Earnings Per Share (Tables)
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
 
 
Three Months Ended
 
Six Months Ended
(In Millions, Except Per Share Amounts)
 
Jul 1,
2017
 
Jul 2,
2016
 
Jul 1,
2017
 
Jul 2,
2016
Net income available to common stockholders
 
$
2,808

 
$
1,330

 
$
5,772

 
$
3,376

Weighted average shares of common stock outstanding—basic
 
4,710

 
4,729

 
4,717

 
4,725

Dilutive effect of employee equity incentive plans
 
36

 
49

 
48

 
57

Dilutive effect of convertible debt
 
99

 
88

 
99

 
88

Weighted average shares of common stock outstanding—diluted
 
4,845

 
4,866

 
4,864

 
4,870

Basic earnings per share of common stock
 
$
0.60

 
$
0.28

 
$
1.22

 
$
0.71

Diluted earnings per share of common stock
 
$
0.58

 
$
0.27

 
$
1.19

 
$
0.69

Other Financial Statement Details (Tables)
(In Millions)
 
Jul 1,
2017
 
Dec 31,
2016
Raw materials
 
$
1,014

 
$
695

Work in process
 
3,775

 
3,190

Finished goods
 
1,535

 
1,668

Total inventories
 
$
6,324

 
$
5,553

(In Millions)
 
Jul 1,
2017
 
Dec 31,
2016
Deferred income on shipments of components to distributors
 
$
1,416

 
$
1,475

Deferred income from software, services and other
 
171

 
243

Current deferred income
 
$
1,587


$
1,718

The components of gains (losses) on equity investments, net for each period were as follows:
 
 
Three Months Ended
 
Six Months Ended
(In Millions)
 
Jul 1,
2017
 
Jul 2,
2016
 
Jul 1,
2017
 
Jul 2,
2016
Share of equity method investee losses, net
 
$
(8
)
 
$
(12
)
 
$
(19
)
 
$
(20
)
Impairments
 
(555
)
 
(60
)
 
(603
)
 
(89
)
Gains on sales, net
 
802

 
419

 
1,076

 
515

Dividends
 
66

 
74

 
68

 
74

Other, net
 
37

 
57

 
72

 
20

Total gains (losses) on equity investments, net
 
$
342

 
$
478

 
$
594

 
$
500

The components of interest and other, net for each period were as follows:
 
 
Three Months Ended
 
Six Months Ended
(In Millions)
 
Jul 1,
2017
 
Jul 2,
2016
 
Jul 1,
2017
 
Jul 2,
2016
Interest income
 
$
136

 
$
51

 
$
212

 
$
103

Interest expense
 
(156
)
 
(187
)
 
(302
)
 
(395
)
Other, net
 
423

 
10

 
457

 
84

Total interest and other, net
 
$
403

 
$
(126
)
 
$
367

 
$
(208
)
Restructuring and Other Charges (Tables)
 
 
Three Months Ended
 
Six Months Ended
(In Millions)
 
Jul 1,
2017
 
Jul 2,
2016
 
Jul 1,
2017
 
Jul 2,
2016
2016 Restructuring Program
 
$
(42
)
 
$
1,414

 
$
(53
)
 
$
1,414

Other charges
 
147

 

 
238

 

Total restructuring and other charges
 
$
105

 
$
1,414

 
$
185

 
$
1,414

 
 
Three Months Ended
 
Six Months Ended
(In Millions)
 
Jul 1,
2017
 
Jul 1,
2017
ISecG separation costs
 
$
70

 
$
143

Other
 
77

 
95

Total other charges
 
$
147

 
$
238

Restructuring and other charges by type for the 2016 Restructuring Program for the period were as follows:
 
 
Three Months Ended
 
Six Months Ended
(In Millions)
 
Jul 1,
2017
 
Jul 2,
2016
 
Jul 1,
2017
 
Jul 2,
2016
Employee severance and benefit arrangements
 
$
(49
)
 
$
1,414

 
$
(70
)
 
$
1,414

Asset impairment and other charges
 
7

 

 
17

 

Total restructuring and other charges
 
$
(42
)
 
$
1,414

 
$
(53
)
 
$
1,414

Restructuring and other activity for the 2016 Restructuring Program for the first six months of 2017 was as follows:
(In Millions)
 
Employee Severance and Benefits
 
Asset Impairments and Other
 
Total
Accrued restructuring balance as of December 31, 2016
 
$
585

 
$
10

 
$
595

Additional accruals
 

 
17

 
17

Adjustments
 
(70
)
 

 
(70
)
Cash payments
 
(217
)
 
(16
)
 
(233
)
Non-cash settlements
 

 
(1
)
 
(1
)
Accrued restructuring balance as of July 1, 2017
 
$
298

 
$
10

 
$
308

Investments (Tables)
 
 
July 1, 2017
 
December 31, 2016
(In Millions)
 
Adjusted Cost
 
Gross Unrealized Gains
 
Gross Unrealized Losses
 
Fair Value
 
Adjusted Cost
 
Gross Unrealized Gains
 
Gross Unrealized Losses
 
Fair Value
Corporate debt
 
$
6,115

 
$
13

 
$
(7
)
 
$
6,121

 
$
3,847

 
$
4

 
$
(14
)
 
$
3,837

Financial institution instruments
 
8,011

 
7

 
(6
)
 
8,012

 
6,098

 
5

 
(11
)
 
6,092

Government debt
 
1,778

 
3

 
(5
)
 
1,776

 
1,581

 

 
(8
)
 
1,573

Marketable equity securities
 
2,560

 
3,344

 

 
5,904

 
2,818

 
3,363

 
(1
)
 
6,180

Total available-for-sale investments
 
$
18,464

 
$
3,367

 
$
(18
)
 
$
21,813

 
$
14,344

 
$
3,372

 
$
(34
)
 
$
17,682

The fair value of available-for-sale debt investments, by contractual maturity, as of July 1, 2017, were as follows:
(In Millions)
 
Fair Value
Due in 1 year or less
 
$
8,408

Due in 1–2 years
 
1,434

Due in 2–5 years
 
2,976

Due after 5 years
 
71

Instruments not due at a single maturity date
 
3,020

Total
 
$
15,909

Acquisitions and Divestitures (Tables) (Disposal Group, Held-for-sale, Not Discontinued Operations [Member], Intel Security Group [Member])
Disposal Groups, Including Discontinued Operations [Table Text Block]
The carrying amounts of the major classes of ISecG assets and liabilities as of the transaction close date included the following:
(In Millions)
 
Apr 3,
2017
Accounts receivable
 
$
317

Goodwill
 
3,601

Identified intangible assets
 
965

Other assets
 
276

Total assets
 
$
5,159

 
 
 
Deferred income
 
$
1,553

Other liabilities
 
276

Total liabilities
 
$
1,829

Identified Intangible Assets (Tables)
 
 
July 1, 2017
(In Millions)
 
Gross Assets
 
Accumulated
Amortization
 
Net
Acquisition-related developed technology
 
$
6,591

 
$
(1,441
)
 
$
5,150

Acquisition-related customer relationships
 
1,340

 
(224
)
 
1,116

Acquisition-related brands
 
79

 
(19
)
 
60

Licensed technology and patents
 
3,184

 
(1,451
)
 
1,733

Identified intangible assets subject to amortization
 
11,194

 
(3,135
)
 
8,059

In-process research and development
 
808

 

 
808

Identified intangible assets not subject to amortization
 
808

 

 
808

Total identified intangible assets
 
$
12,002

 
$
(3,135
)
 
$
8,867

 
 
December 31, 2016
(In Millions)
 
Gross Assets
 
Accumulated
Amortization
 
Net
Acquisition-related developed technology
 
$
7,405

 
$
(1,836
)
 
$
5,569

Acquisition-related customer relationships
 
1,449

 
(260
)
 
1,189

Acquisition-related brands
 
87

 
(21
)
 
66

Licensed technology and patents
 
3,285

 
(1,423
)
 
1,862

Identified intangible assets subject to amortization
 
12,226

 
(3,540
)
 
8,686

In-process research and development
 
808

 

 
808

Identified intangible assets not subject to amortization
 
808

 

 
808

Total identified intangible assets
 
$
13,034

 
$
(3,540
)
 
$
9,494

 
 
July 1, 2017
(In Millions)
 
Gross Assets
 
Accumulated
Amortization
 
Net
Acquisition-related developed technology
 
$
6,591

 
$
(1,441
)
 
$
5,150

Acquisition-related customer relationships
 
1,340

 
(224
)
 
1,116

Acquisition-related brands
 
79

 
(19
)
 
60

Licensed technology and patents
 
3,184

 
(1,451
)
 
1,733

Identified intangible assets subject to amortization
 
11,194

 
(3,135
)
 
8,059

In-process research and development
 
808

 

 
808

Identified intangible assets not subject to amortization
 
808

 

 
808

Total identified intangible assets
 
$
12,002

 
$
(3,135
)
 
$
8,867

 
 
December 31, 2016
(In Millions)
 
Gross Assets
 
Accumulated
Amortization
 
Net
Acquisition-related developed technology
 
$
7,405

 
$
(1,836
)
 
$
5,569

Acquisition-related customer relationships
 
1,449

 
(260
)
 
1,189

Acquisition-related brands
 
87

 
(21
)
 
66

Licensed technology and patents
 
3,285

 
(1,423
)
 
1,862

Identified intangible assets subject to amortization
 
12,226

 
(3,540
)
 
8,686

In-process research and development
 
808

 

 
808

Identified intangible assets not subject to amortization
 
808

 

 
808

Total identified intangible assets
 
$
13,034

 
$
(3,540
)
 
$
9,494

Amortization expenses recorded in the consolidated condensed statements of income for each period were as follows:
 
 
 
 
Three Months Ended
 
Six Months Ended
(In Millions)
 
Location
 
Jul 1,
2017
 
Jul 2,
2016
 
Jul 1,
2017
 
Jul 2,
2016
Acquisition-related developed technology
 
Cost of sales
 
$
198

 
$
235

 
$
407

 
$
470

Acquisition-related customer relationships
 
Amortization of acquisition-related intangibles
 
33

 
82

 
68

 
165

Acquisition-related brands
 
Amortization of acquisition-related intangibles
 
4

 
7

 
7

 
14

Licensed technology and patents
 
Cost of sales
 
78

 
71

 
152

 
142

Total amortization expense
 
 
 
$
313

 
$
395

 
$
634

 
$
791

We expect future amortization expense for the next five years to be as follows:
(In Millions)
 
Remainder of 2017
 
2018
 
2019
 
2020
 
2021
Acquisition-related developed technology
 
$
394

 
$
784

 
$
782

 
$
750

 
$
715

Acquisition-related customer relationships
 
67

 
122

 
121

 
119

 
119

Acquisition-related brands
 
7

 
13

 
13

 
13

 
14

Licensed technology and patents
 
132

 
231

 
219

 
194

 
179

Total future amortization expenses
 
$
600

 
$
1,150

 
$
1,135

 
$
1,076

 
$
1,027

Other Long-Term Assets (Tables)
Schedule of Other Assets, Noncurrent [Table Text Block]
(In Millions)
 
Jul 1,
2017
 
Dec 31,
2016
Equity method investments
 
$
2,266

 
$
1,328

Non-marketable cost method investments
 
2,719

 
3,098

Non-current deferred tax assets
 
753

 
907

Pre-payments for property, plant and equipment
 
422

 
347

Loans receivable
 
2,725

 
236

Reverse repurchase agreements
 

 
250

Other
 
1,121

 
993

Total other long-term assets
 
$
10,006

 
$
7,159

Borrowings (Tables)
Short-Term Debt
(In Millions)
 
Jul 1,
2017
 
Dec 31,
2016
Drafts payable
 
$
13

 
$
25

Current portion of long-term debt
 
4,125

 
4,618

Less: debt issuance costs associated with the current portion of long-term debt
 
(8
)
 
(9
)
Total short-term debt
 
$
4,130

 
$
4,634

Long-Term Debt
Our indebtedness is carried at amortized cost net of applicable hedge adjustments.
(In Millions)
 
Jul 1,
2017
 
Dec 31,
2016
Floating-rate senior notes:
 
 
 
 
$700, three-month LIBOR plus 0.08%, due May 2020
 
$
700

 
$

$800, three-month LIBOR plus 0.35%, due May 2022
 
800

 

Fixed-rate senior notes:
 
 
 
 
$500, 1.75%, due May 2017
 

 
501

$3,000, 1.35%, due December 2017
 
3,000

 
2,999

$600, 2.50%, due November 2018
 
603

 
604

A$250, 3.25%, due December 20191
 
191

 
180

$1,000, 1.85%, due May 2020
 
1,000

 

$1,750, 2.45%, due July 2020
 
1,749

 
1,749

$500, 1.70%, due May 2021
 
499

 
499

$2,000, 3.30%, due October 2021
 
1,999

 
1,988

$750, 2.35%, due May 2022
 
748

 

$1,000, 3.10%, due July 2022
 
995

 
987

A$550, 4.00%, due December 20221
 
419

 
394

$1,500, 2.70%, due December 2022
 
1,493

 
1,480

$400, 4.10%, due November 2023
 
422

 
424

$1,250, 2.88%, due May 2024
 
1,241

 

$600, 2.70%, due June 2024
 
600

 

$2,250, 3.70%, due July 2025
 
2,176

 
2,148

$1,000, 2.60%, due May 2026
 
995

 
983

$1,000, 3.15%, due May 2027
 
997

 

$750, 4.00%, due December 2032
 
745

 
745

$1,500, 4.80%, due October 2041
 
1,491

 
1,491

$925, 4.25%, due December 2042
 
924

 
924

$2,000, 4.90%, due July 2045
 
1,999

 
1,999

$1,007, 4.90%, due August 2045
 
1,005

 
995

$915, 4.70%, due December 2045
 
905

 
894

$1,250, 4.10%, due May 2046
 
1,243

 
1,243

$1,000, 4.10%, due May 2047
 
994

 

Junior subordinated convertible debentures:
 
 
 
 
$1,600, 2.95%, due December 2035
 
1,000

 
992

$2,000, 3.25%, due August 2039
 
1,126

 
1,118

Long-term debt
 
32,059

 
25,337

Less: current portion of long-term debt
 
(4,125
)
 
(4,618
)
Less: debt issuance costs
 
(79
)
 
(70
)
Total long-term debt
 
$
27,855

 
$
20,649

Fair Value (Tables)
Assets and Liabilities Measured and Recorded at Fair Value on a Recurring Basis
 
 
July 1, 2017
 
December 31, 2016
 
 
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
 
$

 
$
2,645

 
$

 
$
2,645

 
$

 
$
498

 
$

 
$
498

Financial institution instruments 1
 
3,020

 
2,139

 

 
5,159

 
1,920

 
811

 

 
2,731

Government debt 2
 

 
466

 

 
466

 

 
332

 

 
332

Reverse repurchase agreements
 

 
2,335

 

 
2,335

 

 
768

 

 
768

Short-term investments:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Corporate debt
 

 
1,654

 
6

 
1,660

 

 
1,332

 
6

 
1,338

Financial institution instruments 1
 

 
1,221

 

 
1,221

 

 
1,603

 

 
1,603

Government debt 2
 

 
277

 

 
277

 

 
284

 

 
284

Trading assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Asset-backed securities
 

 
22

 

 
22

 

 
87

 

 
87

Corporate debt
 

 
2,461

 

 
2,461

 

 
2,847

 

 
2,847

Financial institution instruments 1
 
92

 
1,544

 

 
1,636

 
36

 
1,608

 

 
1,644

Government debt 2
 
31

 
6,934

 

 
6,965

 
32

 
3,704

 

 
3,736

Other current assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Derivative assets
 

 
326

 

 
326

 

 
382

 

 
382

Loans receivable
 

 
86

 

 
86

 

 
326

 

 
326

Marketable equity securities
 
5,472

 
432

 

 
5,904

 
6,180

 

 

 
6,180

Other long-term investments:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Corporate debt
 

 
1,811

 
5

 
1,816

 

 
1,995

 
6

 
2,001

Financial institution instruments 1
 

 
1,632

 

 
1,632

 

 
1,758

 

 
1,758

Government debt 2
 

 
1,033

 

 
1,033

 

 
957

 

 
957

Other long-term assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Derivative assets
 

 
64

 
9

 
73

 

 
31

 
9

 
40

Loans receivable
 

 
525

 

 
525

 

 
236

 

 
236

Total assets measured and recorded at fair value
 
8,615

 
27,607

 
20

 
36,242

 
8,168

 
19,559

 
21

 
27,748

Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other accrued liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Derivative liabilities
 

 
444

 

 
444

 

 
371

 

 
371

Other long-term liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Derivative liabilities
 

 
125

 
12

 
137

 

 
179

 
33

 
212

Total liabilities measured and recorded at fair value
 
$

 
$
569

 
$
12

 
$
581

 
$

 
$
550

 
$
33

 
$
583

The carrying amounts and fair values of financial instruments not recorded at fair value on a recurring basis at the end of each period were as follows:
 
 
July 1, 2017
(In Millions)
 
Carrying
Amount
 
Fair Value Measured Using
 
Fair Value
Level 1
 
Level 2
 
Level 3
 
Grants receivable
 
$
440

 
$

 
$
440

 
$

 
$
440

Loans receivable1
 
$
2,465

 
$

 
$
2,465

 
$

 
$
2,465

Non-marketable cost method investments
 
$
2,719

 
$

 
$

 
$
3,457

 
$
3,457

Reverse repurchase agreements
 
$
250

 
$

 
$
250

 
$

 
$
250

Short-term debt
 
$
4,117

 
$

 
$
4,697

 
$

 
$
4,697

Long-term debt
 
$
27,855

 
$
17,980

 
$
11,630

 
$

 
$
29,610

1 
Includes a loan receivable of $2.2 billion due from McAfee and TPG. The fair value of this loan receivable approximates its carrying value and we did not obtain or secure collateral against this obligation. For further information, see "Note 9: Acquisitions and Divestitures."

 
 
December 31, 2016
(In Millions)
 
Carrying
Amount
 
Fair Value Measured Using
 
Fair Value
Level 1
 
Level 2
 
Level 3
 
Grants receivable
 
$
361

 
$

 
$
362

 
$

 
$
362

Loans receivable
 
$
265

 
$

 
$
265

 
$

 
$
265

Non-marketable cost method investments
 
$
3,098

 
$

 
$

 
$
3,890

 
$
3,890

Reverse repurchase agreements
 
$
250

 
$

 
$
250

 
$

 
$
250

Short-term debt
 
$
4,609

 
$
3,006

 
$
2,114

 
$

 
$
5,120

Long-term debt
 
$
20,649

 
$
12,171

 
$
9,786

 
$

 
$
21,957

Other Comprehensive Income (Loss) (Tables)
The changes in accumulated other comprehensive income (loss) by component and related tax effects in the first six months of 2017 were as follows:
(In Millions)
 
Unrealized Holding Gains (Losses) on Available-for-Sale Investments
 
Unrealized Holding Gains (Losses) on Derivatives
 
Prior Service Credits (Costs)
 
Actuarial Gains (Losses)
 
Foreign Currency Translation Adjustment
 
Total
December 31, 2016
 
$
2,164

 
$
(259
)
 
$
(40
)
 
$
(1,240
)
 
$
(519
)
 
$
106

Other comprehensive income (loss) before reclassifications1
 
1,059

 
445

 

 
217

 
1

 
1,722

Amounts reclassified out of accumulated other comprehensive income
 
(1,046
)
 
16

 
(12
)
 
40

 
507

 
(495
)
Tax effects
 
(4
)
 
(130
)
 
2

 
(27
)
 

 
(159
)
Other comprehensive income (loss)
 
9

 
331

 
(10
)
 
230

 
508

 
1,068

July 1, 2017
 
$
2,173

 
$
72

 
$
(50
)
 
$
(1,010
)
 
$
(11
)
 
$
1,174

The amounts reclassified out of accumulated other comprehensive income (loss) into the consolidated condensed statements of income for each period were as follows:
 
 
Income Before Taxes Impact
(In Millions)
 
 
 
 
Three Months Ended
 
Six Months Ended
 
 
Comprehensive Income Components
 
Jul 1,
2017
 
Jul 2,
2016
 
Jul 1,
2017
 
Jul 2,
2016
 
Location
Unrealized holding gains (losses)1 on available-for-sale investments:
 
 
 
 
 
 
 
 
 
 
 
 
$
783

 
$
403

 
$
1,046

 
$
488

 
Gains (losses) on equity investments, net
 
 
783

 
403

 
1,046

 
488

 
 
Unrealized holding gains (losses) on derivatives:
 
 
 
 
 
 
 
 
 
 
Foreign currency contracts
 
(27
)
 
(17
)
 
(47
)
 
(59
)
 
Cost of sales
 
 
2

 
7

 
(14
)
 
(3
)
 
Research and development
 
 
(1
)
 
3

 
(6
)
 
(1
)
 
Marketing, general and administrative
 
 
12

 
11

 
16

 
11

 
Gains (losses) on equity investments, net
 
 
(3
)
 
(17
)
 
35

 
17

 
Interest and other, net
 
 
(17
)
 
(13
)
 
(16
)
 
(35
)
 
 
Amortization of pension and postretirement benefit components:
 
 
 
 
 
 
 
 
 
 
Prior service credits (costs)
 
14

 
(2
)
 
12

 
(4
)
 
 
Actuarial gains (losses)
 
(18
)
 
(14
)
 
(40
)
 
(26
)
 
 
 
 
(4
)
 
(16
)
 
(28
)
 
(30
)
 
 
Currency translation adjustment
 
(507
)
 

 
(507
)
 

 
Interest and other, net
Total amounts reclassified out of accumulated other comprehensive income (loss)
 
$
255

 
$
374

 
$
495

 
$
423

 
 
Derivative Financial Instruments (Tables)
Total gross notional amounts for outstanding derivatives (recorded at fair value) at the end of each period were as follows: 
(In Millions)
 
Jul 1,
2017
 
Dec 31,
2016
 
Jul 2,
2016
Foreign currency contracts
 
$
20,861

 
$
17,960

 
$
18,682

Interest rate contracts
 
16,781

 
14,228

 
10,039

Other
 
1,396

 
1,340

 
1,307

Total
 
$
39,038

 
$
33,528

 
$
30,028

Fair Value of Derivative Instruments in the Consolidated Condensed Balance Sheets
 
 
July 1, 2017
 
December 31, 2016
(In Millions)
 
Assets 1
 
Liabilities 2
 
Assets 1
 
Liabilities 2
Derivatives designated as hedging instruments:
 
 
 
 
 
 
 
 
Foreign currency contracts 3
 
$
283

 
$
23

 
$
21

 
$
252

Interest rate contracts
 
12

 
114

 
3

 
187

Total derivatives designated as hedging instruments
 
295

 
137

 
24

 
439

Derivatives not designated as hedging instruments:
 
 
 
 
 
 
 
 
Foreign currency contracts 3
 
83

 
421

 
374

 
114

Interest rate contracts
 
12

 
23

 
15

 
30

Other
 
9

 

 
9

 

Total derivatives not designated as hedging instruments
 
104

 
444

 
398

 
144

Total derivatives
 
$
399

 
$
581

 
$
422

 
$
583

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:
 
 
July 1, 2017
 
 
 
 
 
 
 
 
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
 
$
386

 
$

 
$
386

 
$
(232
)
 
$
(135
)
 
$
19

Reverse repurchase agreements
 
2,585

 

 
2,585

 

 
(2,585
)
 

Total assets
 
2,971

 

 
2,971

 
(232
)
 
(2,720
)
 
19

Liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
Derivative liabilities subject to master netting arrangements
 
563

 

 
563

 
(232
)
 
(303
)
 
28

Total liabilities
 
$
563

 
$

 
$
563

 
$
(232
)
 
$
(303
)
 
$
28

 
 
December 31, 2016
 
 
 
 
 
 
 
 
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
 
$
433

 
$

 
$
433

 
$
(368
)
 
$
(42
)
 
$
23

Reverse repurchase agreements
 
1,018

 

 
1,018

 

 
(1,018
)
 

Total assets
 
1,451

 

 
1,451

 
(368
)
 
(1,060
)
 
23

Liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
Derivative liabilities subject to master netting arrangements
 
588

 

 
588

 
(368
)
 
(201
)
 
19

Total liabilities
 
$
588

 
$

 
$
588

 
$
(368
)
 
$
(201
)
 
$
19

The effects of derivative instruments not designated as hedging instruments on the consolidated condensed statements of income for each period were as follows:
 
 
 
 
Three Months Ended
 
Six Months Ended
(In Millions)
 
Location of Gains (Losses)
Recognized in Income on Derivatives
 
Jul 1,
2017
 
Jul 2,
2016
 
Jul 1,
2017
 
Jul 2,
2016
Foreign currency contracts
 
Interest and other, net
 
$
(271
)
 
$
64

 
$
(430
)
 
$
(174
)
Interest rate contracts
 
Interest and other, net
 
1

 
(8
)
 
(1
)
 
(15
)
Other
 
Various
 
38

 
6

 
95

 
18

Total
 
 
 
$
(232
)
 
$
62

 
$
(336
)
 
$
(171
)
The effects of derivative instruments designated as fair value hedges, recognized in interest and other, net for each period were as follows:
 
 
Three Months Ended
 
Six Months Ended
(In Millions)
 
Jul 1,
2017
 
Jul 2,
2016
 
Jul 1,
2017
 
Jul 2,
2016
Interest rate contracts
 
$
96

 
$
60

 
$
82

 
$
222

Hedged items
 
(96
)
 
(60
)
 
(82
)
 
(222
)
Total
 
$

 
$

 
$

 
$

Employee Equity Incentive Plans (Tables)
Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block]
Restricted stock unit activity in the first six months of 2017 was as follows: 
 
 
Number of
RSUs
(In Millions)
 
Weighted Average
Grant-Date
Fair Value
December 31, 2016
 
106.8

 
$
28.99

Granted
 
39.8

 
$
34.51

Vested
 
(36.6
)
 
$
27.15

Forfeited
 
(9.3
)
 
$
29.82

July 1, 2017
 
100.7

 
$
31.76

Recent Accounting Standards (Details) (Adjustments for New Accounting Pronouncement [Member], Interest and other, net [Member], USD $)
In Millions, unless otherwise specified
6 Months Ended
Jul. 1, 2017
Adjustments for New Accounting Pronouncement [Member] |
Interest and other, net [Member]
 
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
 
New Accounting Pronouncement or Change in Accounting Principle, Effect of Change on Operating Results
$ 260 
Operating Segments Information (Detail) (USD $)
In Millions, unless otherwise specified
3 Months Ended 6 Months Ended
Jul. 1, 2017
Jul. 2, 2016
Jul. 1, 2017
Jul. 2, 2016
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]
 
 
 
 
Net revenue
$ 14,763 
$ 13,533 
$ 29,559 
$ 27,235 
Operating income (loss)
3,827 
1,318 
7,426 
3,886 
Client Computing Group [Member]
 
 
 
 
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]
 
 
 
 
Net revenue
8,213 
7,338 
16,189 
14,887 
Operating income (loss)
3,025 
1,911 
6,056 
3,796 
Client Computing Group [Member] |
Platform [Member]
 
 
 
 
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]
 
 
 
 
Net revenue
7,634 
6,938 
15,031 
14,137 
Client Computing Group [Member] |
Other [Member]
 
 
 
 
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]
 
 
 
 
Net revenue
579 
400 
1,158 
750 
Data Center Group [Member]
 
 
 
 
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]
 
 
 
 
Net revenue
4,372 
4,027 
8,604 
8,026 
Operating income (loss)
1,661 
1,765 
3,148 
3,529 
Data Center Group [Member] |
Platform [Member]
 
 
 
 
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]
 
 
 
 
Net revenue
4,026 
3,718 
7,905 
7,425 
Data Center Group [Member] |
Other [Member]
 
 
 
 
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]
 
 
 
 
Net revenue
346 
309 
699 
601 
Internet of Things Group [Member]
 
 
 
 
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]
 
 
 
 
Net revenue
720 
572 
1,441 
1,223 
Operating income (loss)
139 
89 
244 
212 
Internet of Things Group [Member] |
Platform [Member]
 
 
 
 
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]
 
 
 
 
Net revenue
614 
497 
1,246 
1,068 
Internet of Things Group [Member] |
Other [Member]
 
 
 
 
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]
 
 
 
 
Net revenue
106 
75 
195 
155 
Non-Volatile Memory Solutions Group [Member]
 
 
 
 
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]
 
 
 
 
Net revenue
874 
554 
1,740 
1,111 
Operating income (loss)
(110)
(224)
(239)
(319)
Programmable Solutions Group [Member]
 
 
 
 
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]
 
 
 
 
Net revenue
440 
465 
865 
824 
Operating income (loss)
97 
(62)
189 
(262)
All other [Member]
 
 
 
 
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]
 
 
 
 
Net revenue
144 
577 
720 
1,164 
Operating income (loss)
$ (985)
$ (2,161)
$ (1,972)
$ (3,070)
Earnings Per Share (Detail) (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jul. 1, 2017
Jul. 2, 2016
Jul. 1, 2017
Jul. 2, 2016
Earnings Per Share [Abstract]
 
 
 
 
Net income
$ 2,808 
$ 1,330 
$ 5,772 
$ 3,376 
Weighted average shares of common stock outstanding—basic
4,710 
4,729 
4,717 
4,725 
Dilutive effect of employee equity incentive plans (shares)
36 
49 
48 
57 
Dilutive effect of convertible debt (shares)
99 
88 
99 
88 
Weighted average shares of common stock outstanding—diluted
4,845 
4,866 
4,864 
4,870 
Basic earnings per share of common stock (in dollars per share)
$ 0.60 
$ 0.28 
$ 1.22 
$ 0.71 
Diluted earnings per share of common stock (in dollars per share)
$ 0.58 
$ 0.27 
$ 1.19 
$ 0.69 
Other Financial Statement Details Inventories (Details) (USD $)
In Millions, unless otherwise specified
Jul. 1, 2017
Dec. 31, 2016
Inventory, Net [Abstract]
 
 
Raw materials
$ 1,014 
$ 695 
Work in process
3,775 
3,190 
Finished goods
1,535 
1,668 
Total inventories
$ 6,324 
$ 5,553 
Other Financial Statement Details Deferred Revenue (Details) (USD $)
In Millions, unless otherwise specified
Jul. 1, 2017
Dec. 31, 2016
Deferred Revenue Arrangement [Line Items]
 
 
Current deferred income
$ 1,587 
$ 1,718 
Shipments of components to distributors [Member]
 
 
Deferred Revenue Arrangement [Line Items]
 
 
Current deferred income
1,416 
1,475 
Software Services And Other [Member]
 
 
Deferred Revenue Arrangement [Line Items]
 
 
Current deferred income
$ 171 
$ 243 
Other Financial Statement Details Gain (Loss) on Investments (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended 6 Months Ended
Jul. 1, 2017
Jul. 2, 2016
Jul. 1, 2017
Jul. 2, 2016
Gain (Loss) on Investments [Line Items]
 
 
 
 
Share of equity method investee losses, net
$ (8)
$ (12)
$ (19)
$ (20)
Impairments
(555)
(60)
(603)
(89)
Other, net
37 
57 
72 
20 
Gains (losses) on equity investments, net
342 
478 
594 
500 
Equity Securities [Member]
 
 
 
 
Gain (Loss) on Investments [Line Items]
 
 
 
 
Gains on sales, net
802 
419 
1,076 
515 
Dividends
$ 66 
$ 74 
$ 68 
$ 74 
Other Financial Statement Details Interest and Other, Net (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended 6 Months Ended
Jul. 1, 2017
Jul. 2, 2016
Jul. 1, 2017
Jul. 2, 2016
Other Nonoperating Income (Expense) [Abstract]
 
 
 
 
Interest income
$ 136 
$ 51 
$ 212 
$ 103 
Interest expense
(156)
(187)
(302)
(395)
Other, net
423 
10 
457 
84 
Total interest and other, net
403 
(126)
367 
(208)
Interest Costs Capitalized
$ 69 
$ 24 
$ 136 
$ 46 
Restructuring and Other Charges (Detail) (USD $)
In Millions, unless otherwise specified
3 Months Ended 6 Months Ended
Jul. 1, 2017
Jul. 2, 2016
Jul. 1, 2017
Jul. 2, 2016
Restructuring Cost and Reserve [Line Items]
 
 
 
 
Restructuring and other charges
$ 105 
$ 1,414 
$ 185 
$ 1,414 
Other Nonrecurring Expense
147 
238 
Asset impairments and other restructuring [Member]
 
 
 
 
Restructuring Cost and Reserve [Line Items]
 
 
 
 
Other Nonrecurring Expense
77 
 
95 
 
ISecG separation costs [Member]
 
 
 
 
Restructuring Cost and Reserve [Line Items]
 
 
 
 
Other Nonrecurring Expense
70 
 
143 
 
2016 Restructuring Program [Member]
 
 
 
 
Restructuring Cost and Reserve [Line Items]
 
 
 
 
Restructuring and other charges
(42)
1,414 
(53)
1,414 
Restructuring and Related Cost, Incurred Cost
(42)
1,414 
(53)
1,414 
Restructuring Reserve [Roll Forward]
 
 
 
 
Accrued restructuring, Beginning Balance
 
 
595 
 
Additional accruals
 
 
17 
 
Adjustments
 
 
(70)
 
Cash payments
 
 
(233)
 
Non-cash settlements
 
 
(1)
 
Accrued restructuring, Ending Balance
308 
 
308 
 
Restructuring and Related Cost, Expected Number of Positions Eliminated
 
 
15,000 
 
2016 Restructuring Program [Member] |
Employee severance and benefit arrangements [Member]
 
 
 
 
Restructuring Cost and Reserve [Line Items]
 
 
 
 
Restructuring and Related Cost, Incurred Cost
(49)
1,414 
(70)
1,414 
Restructuring Reserve [Roll Forward]
 
 
 
 
Accrued restructuring, Beginning Balance
 
 
585 
 
Additional accruals
 
 
 
Adjustments
 
 
(70)
 
Cash payments
 
 
(217)
 
Non-cash settlements
 
 
 
Accrued restructuring, Ending Balance
298 
 
298 
 
2016 Restructuring Program [Member] |
Asset impairments and other restructuring [Member]
 
 
 
 
Restructuring Cost and Reserve [Line Items]
 
 
 
 
Restructuring and Related Cost, Incurred Cost
17 
Restructuring Reserve [Roll Forward]
 
 
 
 
Accrued restructuring, Beginning Balance
 
 
10 
 
Additional accruals
 
 
17 
 
Adjustments
 
 
 
Cash payments
 
 
(16)
 
Non-cash settlements
 
 
(1)
 
Accrued restructuring, Ending Balance
$ 10 
 
$ 10 
 
Income Taxes (Details) (USD $)
In Millions, unless otherwise specified
6 Months Ended 3 Months Ended
Jul. 1, 2017
Jul. 2, 2016
Jul. 1, 2017
Intel Security Group [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
 
 
 
Current Income Tax Expense (Benefit)
 
 
$ 822 
Effective Income Tax Rate Reconciliation, Percent
31.20% 
19.20% 
 
Investments, Available-for-Sale Investments (Detail) (USD $)
In Millions, unless otherwise specified
3 Months Ended 6 Months Ended
Jul. 1, 2017
Jul. 2, 2016
Jul. 1, 2017
Jul. 2, 2016
Dec. 31, 2016
Available-for-sale Securities [Abstract]
 
 
 
 
 
Fair Value
$ 15,909 
 
$ 15,909 
 
 
Adjusted Cost, Total
18,464 
 
18,464 
 
14,344 
Gross Unrealized Gains, Total
3,367 
 
3,367 
 
3,372 
Gross Unrealized Losses, Total
(18)
 
(18)
 
(34)
Fair Value, Total
21,813 
 
21,813 
 
17,682 
Available-for-sale Securities, sale Proceeds
1,300 
875 
1,800 
3,800 
 
Available-for-sale Securities, Gross Realized Gains
796 
403 
1,100 
497 
 
Due in 1 year or less, Fair Value
8,408 
 
8,408 
 
 
Due in 1-2 years, Fair Value
1,434 
 
1,434 
 
 
Due in 2-5 years, Fair Value
2,976 
 
2,976 
 
 
Available-for-sale Securities, Debt Maturities, Year Six Through Ten, Fair Value
71 
 
71 
 
 
Instruments not due at a single maturity date, Fair Value
3,020 
 
3,020 
 
 
Other than Temporary Impairment Losses, Investments
555 
60 
603 
89 
 
Corporate Debt Securities [Member]
 
 
 
 
 
Available-for-sale Securities [Abstract]
 
 
 
 
 
Adjusted Cost
6,115 
 
6,115 
 
3,847 
Gross Unrealized Gains
13 
 
13 
 
Gross Unrealized Losses
(7)
 
(7)
 
(14)
Fair Value
6,121 
 
6,121 
 
3,837 
Financial Institution Instruments [Member]
 
 
 
 
 
Available-for-sale Securities [Abstract]
 
 
 
 
 
Adjusted Cost
8,011 
 
8,011 
 
6,098 
Gross Unrealized Gains
 
 
Gross Unrealized Losses
(6)
 
(6)
 
(11)
Fair Value
8,012 
 
8,012 
 
6,092 
Government Debt [Member]
 
 
 
 
 
Available-for-sale Securities [Abstract]
 
 
 
 
 
Adjusted Cost
1,778 
 
1,778 
 
1,581 
Gross Unrealized Gains
 
 
Gross Unrealized Losses
(5)
 
(5)
 
(8)
Fair Value
1,776 
 
1,776 
 
1,573 
Marketable Equity Securities [Member]
 
 
 
 
 
Available-for-sale Securities [Abstract]
 
 
 
 
 
Adjusted Cost
2,560 
 
2,560 
 
2,818 
Gross Unrealized Gains
3,344 
 
3,344 
 
3,363 
Gross Unrealized Losses
 
 
(1)
Fair Value
5,904 
 
5,904 
 
6,180 
Cloudera, Inc [Member]
 
 
 
 
 
Available-for-sale Securities [Abstract]
 
 
 
 
 
Other than Temporary Impairment Losses, Investments
 
 
$ 278 
 
 
Investments, Equity Method Investments (Detail) (USD $)
In Millions, unless otherwise specified
3 Months Ended 6 Months Ended
Jul. 1, 2017
Jul. 2, 2016
Jul. 1, 2017
Jul. 2, 2016
Dec. 31, 2016
Schedule of Equity Method Investments [Line Items]
 
 
 
 
 
Carrying Value, equity method investments
$ 2,266 
 
$ 2,266 
 
$ 1,328 
Other than Temporary Impairment Losses, Investments
555 
60 
603 
89 
 
Carrying Value, cost method investments
2,719 
 
2,719 
 
3,098 
McAfee [Member]
 
 
 
 
 
Schedule of Equity Method Investments [Line Items]
 
 
 
 
 
Ownership Percentage
49.00% 
 
49.00% 
 
 
Carrying Value, equity method investments
1,100 
 
1,100 
 
 
IM Flash Technologies, LLC [Member]
 
 
 
 
 
Schedule of Equity Method Investments [Line Items]
 
 
 
 
 
Ownership Percentage
49.00% 
 
49.00% 
 
 
Carrying Value, equity method investments
837 
 
837 
 
849 
Percentage Of Purchase Commitment Of Production Output And Production Related Services
49.00% 
 
49.00% 
 
 
Related Party Transactions [Abstract]
 
 
 
 
 
Related Party Transaction, Purchases from Related Party
105 
100 
235 
200 
 
Due to Related Parties
100 
 
100 
 
95 
Beijing UniSpreadtrum Technology Ltd Phase One [Member]
 
 
 
 
 
Schedule of Equity Method Investments [Line Items]
 
 
 
 
 
Other than Temporary Impairment Losses, Investments
 
 
147 
 
 
Carrying Value, cost method investments
$ 966 
 
$ 966 
 
 
Investments, Non-marketable Cost Method Investments (Details)
In Millions, unless otherwise specified
3 Months Ended 6 Months Ended 6 Months Ended
Jul. 1, 2017
USD ($)
Jul. 2, 2016
USD ($)
Jul. 1, 2017
USD ($)
Jul. 2, 2016
USD ($)
Dec. 31, 2016
USD ($)
Jul. 1, 2017
Beijing UniSpreadtrum Technology Ltd Phase One [Member]
USD ($)
Jul. 1, 2017
Subject To Regulatory Approvals And Other Closing Conditions [Member]
Beijing UniSpreadtrum Technology Ltd. [Member]
USD ($)
Jul. 1, 2017
Subject To Regulatory Approvals And Other Closing Conditions [Member]
Beijing UniSpreadtrum Technology Ltd. [Member]
CNY
Schedule of Cost-method Investments [Line Items]
 
 
 
 
 
 
 
 
Carrying Value, cost method investments
$ 2,719 
 
$ 2,719 
 
$ 3,098 
$ 966 
$ 1,500 
 9,000 
Cost Method Investment, Ownership Percentage
 
 
 
 
 
 
20.00% 
20.00% 
Other than Temporary Impairment Losses, Investments
$ 555 
$ 60 
$ 603 
$ 89 
 
$ 147 
 
 
Investments, Trading Assets (Detail) (Debt Securities [Member], USD $)
In Millions, unless otherwise specified
3 Months Ended 6 Months Ended
Jul. 1, 2017
Jul. 2, 2016
Jul. 1, 2017
Jul. 2, 2016
Debt Securities [Member]
 
 
 
 
Schedule Of Trading Securities And Other Trading Assets [Line Items]
 
 
 
 
Trading Securities, Change in Unrealized Holding Gain (Loss)
$ 321 
$ 0 
$ 483 
$ 190 
Unrealized Gain (Loss) on Derivatives
$ (311)
 
$ (446)
$ (184)
Acquisitions (Detail) (Mobileye N.V. [Member], Subject To Regulatory Approvals And Other Closing Conditions [Member], USD $)
In Billions, except Per Share data, unless otherwise specified
6 Months Ended
Jul. 1, 2017
Mobileye N.V. [Member] |
Subject To Regulatory Approvals And Other Closing Conditions [Member]
 
Business Acquisition [Line Items]
 
Business Acquisition, Share Price
$ 63.54 
Business Combination, Consideration Transferred
$ 15.3 
Divestitures (Details) (USD $)
6 Months Ended 3 Months Ended 3 Months Ended
Jul. 1, 2017
Jul. 2, 2016
Dec. 31, 2016
Jul. 1, 2017
Intel Security Group [Member]
Apr. 3, 2017
Intel Security Group [Member]
Apr. 3, 2017
Intel Security Group [Member]
Disposal Group, Held-for-sale, Not Discontinued Operations [Member]
Jul. 1, 2017
McAfee [Member]
Jul. 1, 2017
McAfee [Member]
Intel Security Group [Member]
Jul. 1, 2017
Reclassified out of Accumulated Other Comprehensive Income (Loss) [Member]
Foreign currency translation adjustment [Member]
Intel Security Group [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
 
 
 
 
 
 
 
 
 
Transaction Value
 
 
 
 
$ 4,200,000,000 
 
 
 
 
Disposal Group, Including Discontinued Operation, Foreign Currency Translation Gains (Losses)
 
 
 
 
 
 
 
 
507,000,000 
Proceeds from divestitures
924,000,000 
 
924,000,000 
 
 
 
 
 
Equity Method Investments
2,266,000,000 
 
1,328,000,000 
1,100,000,000 
 
 
 
 
 
Discontinued Operation, Equity Method Investment Retained after Disposal, Ownership Interest after Disposal
 
 
 
49.00% 
 
 
 
 
 
Disposal Group, Including Discontinued Operation, Property, Plant and Equipment
 
 
 
 
 
317,000,000 
 
 
 
Disposal Group, Including Discontinued Operation, Goodwill, Current
 
 
 
 
 
3,601,000,000 
 
 
 
Disposal Group, Including Discontinued Operation, Intangible Assets, Current
 
 
 
 
 
965,000,000 
 
 
 
Disposal Group, Including Discontinued Operation, Other Assets, Current
 
 
 
 
 
276,000,000 
 
 
 
Disposal Group, Including Discontinued Operation, Assets, Current
 
5,210,000,000 
 
 
5,159,000,000 
 
 
 
Disposal Group, Including Discontinued Operation, Deferred Revenue, Current
 
 
 
 
 
1,553,000,000 
 
 
 
Disposal Group, Including Discontinued Operation, Other Liabilities, Current
 
 
 
 
 
276,000,000 
 
 
 
Disposal Group, Including Discontinued Operation, Liabilities, Current
 
1,920,000,000 
 
 
1,829,000,000 
 
 
 
Notes Receivable, Related Parties, Noncurrent
 
 
 
 
 
 
2,200,000,000 
2,200,000,000 
 
Loans Receivable, Basis Spread on Variable Rate
 
 
 
 
 
 
7.00% 
 
 
Debt Instrument, Interest Rate, Increase (Decrease)
 
 
 
 
 
 
0.50% 
 
 
Gain on disposal
387,000,000 
 
387,000,000 
 
 
 
 
 
Lender Line of Credit
 
 
 
 
 
 
250,000,000 
 
 
Current Income Tax Expense (Benefit)
 
 
 
$ 822,000,000 
 
 
 
 
 
Identified Intangible Assets, Finite-Lived Intangible Assets (Detail) (USD $)
In Millions, unless otherwise specified
3 Months Ended 6 Months Ended
Jul. 1, 2017
Jul. 2, 2016
Jul. 1, 2017
Jul. 2, 2016
Dec. 31, 2016
Finite Lived Intangible Assets [Line Items]
 
 
 
 
 
Gross Assets, Subject to Amortization
$ 11,194 
 
$ 11,194 
 
$ 12,226 
Accumulated Amortization
(3,135)
 
(3,135)
 
(3,540)
Amortization of intangibles
313 
395 
634 
791 
 
Net
8,059 
 
8,059 
 
8,686 
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
 
 
 
 
 
Future Amortization Expense, Remainder of 2017
600 
 
600 
 
 
Future Amortization Expense, 2018
1,150 
 
1,150 
 
 
Future Amortization Expense, 2019
1,135 
 
1,135 
 
 
Future Amortization Expense, 2020
1,076 
 
1,076 
 
 
Future Amortization Expense, 2021
1,027 
 
1,027 
 
 
Acquisition-related Developed Technology [Member]
 
 
 
 
 
Finite Lived Intangible Assets [Line Items]
 
 
 
 
 
Gross Assets, Subject to Amortization
6,591 
 
6,591 
 
7,405 
Accumulated Amortization
(1,441)
 
(1,441)
 
(1,836)
Net
5,150 
 
5,150 
 
5,569 
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
 
 
 
 
 
Future Amortization Expense, Remainder of 2017
394 
 
394 
 
 
Future Amortization Expense, 2018
784 
 
784 
 
 
Future Amortization Expense, 2019
782 
 
782 
 
 
Future Amortization Expense, 2020
750 
 
750 
 
 
Future Amortization Expense, 2021
715 
 
715 
 
 
Acquisition-related Developed Technology [Member] |
Cost of sales [Member]
 
 
 
 
 
Finite Lived Intangible Assets [Line Items]
 
 
 
 
 
Amortization of intangibles
198 
235 
407 
470 
 
Acquisition-related Customer Relationships [Member]
 
 
 
 
 
Finite Lived Intangible Assets [Line Items]
 
 
 
 
 
Gross Assets, Subject to Amortization
1,340 
 
1,340 
 
1,449 
Accumulated Amortization
(224)
 
(224)
 
(260)
Net
1,116 
 
1,116 
 
1,189 
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
 
 
 
 
 
Future Amortization Expense, Remainder of 2017
67 
 
67 
 
 
Future Amortization Expense, 2018
122 
 
122 
 
 
Future Amortization Expense, 2019
121 
 
121 
 
 
Future Amortization Expense, 2020
119 
 
119 
 
 
Future Amortization Expense, 2021
119 
 
119 
 
 
Acquisition-related Customer Relationships [Member] |
Amortization of acquisition-related intangibles [Member]
 
 
 
 
 
Finite Lived Intangible Assets [Line Items]
 
 
 
 
 
Amortization of intangibles
33 
82 
68 
165 
 
Acquisition-related Brands [Member]
 
 
 
 
 
Finite Lived Intangible Assets [Line Items]
 
 
 
 
 
Gross Assets, Subject to Amortization
79 
 
79 
 
87 
Accumulated Amortization
(19)
 
(19)
 
(21)
Net
60 
 
60 
 
66 
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
 
 
 
 
 
Future Amortization Expense, Remainder of 2017
 
 
 
Future Amortization Expense, 2018
13 
 
13 
 
 
Future Amortization Expense, 2019
13 
 
13 
 
 
Future Amortization Expense, 2020
13 
 
13 
 
 
Future Amortization Expense, 2021
14 
 
14 
 
 
Acquisition-related Brands [Member] |
Amortization of acquisition-related intangibles [Member]
 
 
 
 
 
Finite Lived Intangible Assets [Line Items]
 
 
 
 
 
Amortization of intangibles
14 
 
Licensed Technology and Patents [Member]
 
 
 
 
 
Finite Lived Intangible Assets [Line Items]
 
 
 
 
 
Gross Assets, Subject to Amortization
3,184 
 
3,184 
 
3,285 
Accumulated Amortization
(1,451)
 
(1,451)
 
(1,423)
Net
1,733 
 
1,733 
 
1,862 
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
 
 
 
 
 
Future Amortization Expense, Remainder of 2017
132 
 
132 
 
 
Future Amortization Expense, 2018
231 
 
231 
 
 
Future Amortization Expense, 2019
219 
 
219 
 
 
Future Amortization Expense, 2020
194 
 
194 
 
 
Future Amortization Expense, 2021
179 
 
179 
 
 
Licensed Technology and Patents [Member] |
Cost of sales [Member]
 
 
 
 
 
Finite Lived Intangible Assets [Line Items]
 
 
 
 
 
Amortization of intangibles
$ 78 
$ 71 
$ 152 
$ 142 
 
Identified Intangible Assets, Indefinite-Lived Intangible Asset (Detail) (USD $)
In Millions, unless otherwise specified
Jul. 1, 2017
Dec. 31, 2016
Indefinite-lived Intangible Assets [Line Items]
 
 
Gross Assets, Not Subject to Amortization
$ 808 
$ 808 
In Process Research and Development [Member]
 
 
Indefinite-lived Intangible Assets [Line Items]
 
 
Gross Assets, Not Subject to Amortization
$ 808 
$ 808 
Identified Intangible Assets, Total Intangible Assets (Detail) (USD $)
In Millions, unless otherwise specified
Jul. 1, 2017
Dec. 31, 2016
Intangible Assets, Net (Excluding Goodwill) [Abstract]
 
 
Identified intangible assets, gross
$ 12,002 
$ 13,034 
Identified intangible assets, net
$ 8,867 
$ 9,494 
Other Long-Term Assets (Detail) (USD $)
In Millions, unless otherwise specified
Jul. 1, 2017
Dec. 31, 2016
Other Assets, Noncurrent Disclosure [Abstract]
 
 
Equity Method Investments
$ 2,266 
$ 1,328 
Non-marketable cost method investments
2,719 
3,098 
Non-current deferred tax assets
753 
907 
Pre-payments for property, plant and equipment
422 
347 
Loans receivable
2,725 
236 
Reverse Repurchase Agreements
250 
Other
1,121 
993 
Total other long-term assets
$ 10,006 
$ 7,159 
Borrowings, Short-term Debt (Details) (USD $)
6 Months Ended
Jul. 1, 2017
Dec. 31, 2016
Jul. 1, 2017
Commercial Paper [Member]
Jul. 1, 2017
Debt Instrument Twenty Seven [Member]
Short-term Debt [Line Items]
 
 
 
 
Drafts payable
$ 13,000,000 
$ 25,000,000 
 
 
Current portion of long-term debt
4,125,000,000 
4,618,000,000 
 
 
Less: debt issuance costs associated with the current portion of long-term debt
(8,000,000)
(9,000,000)
 
 
Total short-term debt
4,130,000,000 
4,634,000,000 
 
 
Board of directors commercial paper authorization
 
 
10,000,000,000 
 
Board of directors increase to commercial paper authorization
 
 
5,000,000,000 
 
Repayment of debt
 
 
 
$ 500,000,000 
Stated Interest Rate
 
 
 
1.75% 
Borrowings, Long-term Debt (Details)
In Millions, unless otherwise specified
6 Months Ended 6 Months Ended 6 Months Ended 3 Months Ended
Jul. 1, 2017
USD ($)
Dec. 31, 2016
USD ($)
Jul. 2, 2016
USD ($)
Jul. 1, 2017
$700 senior notes due May 2020 - Floating Rate [Member]
USD ($)
Dec. 31, 2016
$700 senior notes due May 2020 - Floating Rate [Member]
USD ($)
Jul. 1, 2017
$800 Senior notes due May 2022 - Floating Rate [Member]
USD ($)
Dec. 31, 2016
$800 Senior notes due May 2022 - Floating Rate [Member]
USD ($)
Jul. 1, 2017
$500 Senior notes due May 2017 at 1.75% [Member]
USD ($)
Dec. 31, 2016
$500 Senior notes due May 2017 at 1.75% [Member]
USD ($)
Jul. 1, 2017
$3,000 Senior notes due December 2017 at 1.35% [Member]
USD ($)
Dec. 31, 2016
$3,000 Senior notes due December 2017 at 1.35% [Member]
USD ($)
Jul. 1, 2017
$600 Senior notes due November 2018 at 2.50% [Member]
USD ($)
Dec. 31, 2016
$600 Senior notes due November 2018 at 2.50% [Member]
USD ($)
Jul. 1, 2017
A$250 AUD-denominated Senior notes due December 2019 at 3.25% [Member]
USD ($)
Jul. 1, 2017
A$250 AUD-denominated Senior notes due December 2019 at 3.25% [Member]
AUD ($)
Dec. 31, 2016
A$250 AUD-denominated Senior notes due December 2019 at 3.25% [Member]
USD ($)
Jul. 1, 2017
$1,000 Senior notes due May 2020 at 1.85% [Member]
USD ($)
Dec. 31, 2016
$1,000 Senior notes due May 2020 at 1.85% [Member]
USD ($)
Jul. 1, 2017
$1,750 Senior notes due July 2020 at 2.45% [Member]
USD ($)
Dec. 31, 2016
$1,750 Senior notes due July 2020 at 2.45% [Member]
USD ($)
Jul. 1, 2017
$500 Senior notes due May 2021 at 1.70% [Member]
USD ($)
Dec. 31, 2016
$500 Senior notes due May 2021 at 1.70% [Member]
USD ($)
Jul. 1, 2017
$2,000 Senior notes due October 2021 at 3.30% [Member]
USD ($)
Dec. 31, 2016
$2,000 Senior notes due October 2021 at 3.30% [Member]
USD ($)
Jul. 1, 2017
$750 Senior notes due May 2022 at 2.35% [Member]
USD ($)
Dec. 31, 2016
$750 Senior notes due May 2022 at 2.35% [Member]
USD ($)
Jul. 1, 2017
$1,000 Senior notes due July 2022 at 3.10% [Member]
USD ($)
Dec. 31, 2016
$1,000 Senior notes due July 2022 at 3.10% [Member]
USD ($)
Jul. 1, 2017
A$500 AUD-denominated Senior notes due December 2022 at 4.00% [Member]
USD ($)
Jul. 1, 2017
A$500 AUD-denominated Senior notes due December 2022 at 4.00% [Member]
AUD ($)
Dec. 31, 2016
A$500 AUD-denominated Senior notes due December 2022 at 4.00% [Member]
USD ($)
Jul. 1, 2017
$1,500 Senior notes due December 2022 at 2.70% [Member]
USD ($)
Dec. 31, 2016
$1,500 Senior notes due December 2022 at 2.70% [Member]
USD ($)
Jul. 1, 2017
$400 Senior notes due November 2023 at 4.10% [Member]
USD ($)
Dec. 31, 2016
$400 Senior notes due November 2023 at 4.10% [Member]
USD ($)
Jul. 1, 2017
$1,250 Senior notes due May 2024 at 2.875% [Member]
USD ($)
Dec. 31, 2016
$1,250 Senior notes due May 2024 at 2.875% [Member]
USD ($)
Jul. 1, 2017
$600 Senior notes due June 2024 at 2.70% [Member]
USD ($)
Dec. 31, 2016
$600 Senior notes due June 2024 at 2.70% [Member]
USD ($)
Jul. 1, 2017
$2,250 Senior notes due July 2025 at 3.70% [Member]
USD ($)
Dec. 31, 2016
$2,250 Senior notes due July 2025 at 3.70% [Member]
USD ($)
Jul. 1, 2017
$1,000 Senior notes due May 2026 at 2.60% [Member]
USD ($)
Dec. 31, 2016
$1,000 Senior notes due May 2026 at 2.60% [Member]
USD ($)
Jul. 1, 2017
$1,000 Senior notes due May 2027 at 3.15%[Member]
USD ($)
Dec. 31, 2016
$1,000 Senior notes due May 2027 at 3.15%[Member]
USD ($)
Jul. 1, 2017
$750 Senior notes due December 2032 at 4.00% [Member]
USD ($)
Dec. 31, 2016
$750 Senior notes due December 2032 at 4.00% [Member]
USD ($)
Jul. 1, 2017
$1,500 Senior notes due October 2041 at 4.80% [Member]
USD ($)
Dec. 31, 2016
$1,500 Senior notes due October 2041 at 4.80% [Member]
USD ($)
Jul. 1, 2017
$925 Senior notes due December 2042 at 4.25% [Member]
USD ($)
Dec. 31, 2016
$925 Senior notes due December 2042 at 4.25% [Member]
USD ($)
Jul. 1, 2017
$2,000 Senior notes due July 2045 at 4.90% [Member]
USD ($)
Dec. 31, 2016
$2,000 Senior notes due July 2045 at 4.90% [Member]
USD ($)
Jul. 1, 2017
$1,007 Senior notes due August 2045 at 4.90% [Member]
USD ($)
Dec. 31, 2016
$1,007 Senior notes due August 2045 at 4.90% [Member]
USD ($)
Jul. 1, 2017
$915 Senior notes due December 2045 at 4.70% [Member]
USD ($)
Dec. 31, 2016
$915 Senior notes due December 2045 at 4.70% [Member]
USD ($)
Jul. 1, 2017
$1,250 Senior notes due May 2046 at 4.10% [Member]
USD ($)
Dec. 31, 2016
$1,250 Senior notes due May 2046 at 4.10% [Member]
USD ($)
Jul. 1, 2017
$1,000 Senior notes due May 2047 at 4.10% [Member]
USD ($)
Dec. 31, 2016
$1,000 Senior notes due May 2047 at 4.10% [Member]
USD ($)
Jul. 1, 2017
$1,600 Junior subordinated convertible debentures due December 2035 at 2.95% [Member]
USD ($)
Dec. 31, 2016
$1,600 Junior subordinated convertible debentures due December 2035 at 2.95% [Member]
USD ($)
Jul. 1, 2017
$2,000 Junior subordinated convertible debentures due August 2039 At 3.25% [Member]
USD ($)
Dec. 31, 2016
$2,000 Junior subordinated convertible debentures due August 2039 At 3.25% [Member]
USD ($)
Jul. 1, 2017
2017 Senior notes [Member]
USD ($)
Jul. 1, 2017
Cross Currency Interest Rate Contract [Member]
Debt Instrument Twenty Five [Member]
USD ($)
Sep. 30, 2017
Scenario, Forecast [Member]
$1,007 Senior notes due August 2045 at 4.90% [Member]
USD ($)
Debt Instrument [Line Items]
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Long-term Debt
$ 32,059 
$ 25,337 
 
$ 700 
$ 0 
$ 800 
$ 0 
$ 0 
$ 501 
$ 3,000 
$ 2,999 
$ 603 
$ 604 
$ 191 
 
$ 180 
$ 1,000 
$ 0 
$ 1,749 
$ 1,749 
$ 499 
$ 499 
$ 1,999 
$ 1,988 
$ 748 
$ 0 
$ 995 
$ 987 
$ 419 
 
$ 394 
$ 1,493 
$ 1,480 
$ 422 
$ 424 
$ 1,241 
$ 0 
$ 600 
$ 0 
$ 2,176 
$ 2,148 
$ 995 
$ 983 
$ 997 
$ 0 
$ 745 
$ 745 
$ 1,491 
$ 1,491 
$ 924 
$ 924 
$ 1,999 
$ 1,999 
$ 1,005 
$ 995 
$ 905 
$ 894 
$ 1,243 
$ 1,243 
$ 994 
$ 0 
$ 1,000 
$ 992 
$ 1,126 
$ 1,118 
 
 
 
Less: current portion of long-term debt
(4,125)
(4,618)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Less: debt issuance costs
(79)
(70)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total long-term debt
27,855 
20,649 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Derivative, Notional Amount
39,038 
33,528 
30,028 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
577 
 
Debt Instrument, Face Amount
 
 
 
700 
 
800 
 
500 
 
3,000 
 
600 
 
 
250 
 
1,000 
 
1,750 
 
500 
 
2,000 
 
750 
 
1,000 
 
 
550 
 
1,500 
 
400 
 
1,250 
 
600 
 
2,250 
 
1,000 
 
1,000 
 
750 
 
1,500 
 
925 
 
2,000 
 
1,007 
 
915 
 
1,250 
 
1,000 
 
1,600 
 
2,000 
 
7,100 
 
 
Redemption of debt
 
 
 
 
 
 
 
$ 500 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$ 1,000 
Stated Interest Rate
 
 
 
 
 
 
 
1.75% 
 
1.35% 
 
2.50% 
 
3.25% 
3.25% 
 
1.85% 
 
2.45% 
 
1.70% 
 
3.30% 
 
2.35% 
 
3.10% 
 
4.00% 
4.00% 
 
2.70% 
 
4.10% 
 
2.88% 
 
2.70% 
 
3.70% 
 
2.60% 
 
3.15% 
 
4.00% 
 
4.80% 
 
4.25% 
 
4.90% 
 
4.90% 
 
4.70% 
 
4.10% 
 
4.10% 
 
2.95% 
 
3.25% 
 
 
 
 
Debt Instrument, Basis Spread on Variable Rate
 
 
 
0.08% 
 
0.35% 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fair Value (Detail) (USD $)
3 Months Ended 6 Months Ended
Jul. 1, 2017
Jul. 2, 2016
Jul. 1, 2017
Jul. 2, 2016
Dec. 31, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
Trading assets, Fair Value Disclosure
$ 11,084,000,000 
 
$ 11,084,000,000 
 
$ 8,314,000,000 
Other than Temporary Impairment Losses, Investments
555,000,000 
60,000,000 
603,000,000 
89,000,000 
 
Non-marketable cost method investments
2,719,000,000 
 
2,719,000,000 
 
3,098,000,000 
Short-term debt
4,130,000,000 
 
4,130,000,000 
 
4,634,000,000 
Long-term debt
27,855,000,000 
 
27,855,000,000 
 
20,649,000,000 
Fair Value, Measurements, Recurring [Member]
 
 
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
Assets, Fair Value Disclosure
36,242,000,000 
 
36,242,000,000 
 
27,748,000,000 
Liabilities, Fair Value Disclosure
581,000,000 
 
581,000,000 
 
583,000,000 
Fair Value, Measurements, Nonrecurring [Member] |
Carrying Amount [Member]
 
 
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
Grants Receivable
440,000,000 
 
440,000,000 
 
361,000,000 
Loans receivable
2,465,000,000 
 
2,465,000,000 
 
265,000,000 
Non-marketable cost method investments
2,719,000,000 
 
2,719,000,000 
 
3,098,000,000 
Reverse repurchase agreements
250,000,000 
 
250,000,000 
 
250,000,000 
Short-term debt
4,117,000,000 
 
4,117,000,000 
 
4,609,000,000 
Long-term debt
27,855,000,000 
 
27,855,000,000 
 
20,649,000,000 
Fair Value, Measurements, Nonrecurring [Member] |
Portion at Other than Fair Value Measurement [Member]
 
 
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
Grants Receivable
440,000,000 
 
440,000,000 
 
362,000,000 
Loans receivable
2,465,000,000 
 
2,465,000,000 
 
265,000,000 
Non-marketable cost method investments, Fair Value Disclosure
3,457,000,000 
 
3,457,000,000 
 
3,890,000,000 
Reverse repurchase agreements
250,000,000 
 
250,000,000 
 
250,000,000 
Short-term debt, Fair Value Disclosure
4,697,000,000 
 
4,697,000,000 
 
5,120,000,000 
Long-term debt
29,610,000,000 
 
29,610,000,000 
 
21,957,000,000 
Corporate Debt Securities [Member] |
Fair Value, Measurements, Recurring [Member]
 
 
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
Trading assets, Fair Value Disclosure
2,461,000,000 
 
2,461,000,000 
 
2,847,000,000 
Financial Institution Instruments [Member] |
Fair Value, Measurements, Recurring [Member]
 
 
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
Trading assets, Fair Value Disclosure
1,636,000,000 
 
1,636,000,000 
 
1,644,000,000 
Government Debt [Member] |
Fair Value, Measurements, Recurring [Member]
 
 
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
Trading assets, Fair Value Disclosure
6,965,000,000 
 
6,965,000,000 
 
3,736,000,000 
Asset-Backed Securities [Member] |
Fair Value, Measurements, Recurring [Member]
 
 
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
Trading assets, Fair Value Disclosure
22,000,000 
 
22,000,000 
 
87,000,000 
Marketable Equity Securities [Member] |
Fair Value, Measurements, Recurring [Member]
 
 
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
Investments, Fair Value Disclosure
5,904,000,000 
 
5,904,000,000 
 
6,180,000,000 
Non-marketable equity investments [Member] |
Fair Value, Measurements, Nonrecurring [Member]
 
 
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
Other than Temporary Impairment Losses, Investments
277,000,000 
57,000,000 
325,000,000 
84,000,000 
 
Cash Equivalents [Member] |
Corporate Debt Securities [Member] |
Fair Value, Measurements, Recurring [Member]
 
 
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
Investments, Fair Value Disclosure
2,645,000,000 
 
2,645,000,000 
 
498,000,000 
Cash Equivalents [Member] |
Financial Institution Instruments [Member] |
Fair Value, Measurements, Recurring [Member]
 
 
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
Investments, Fair Value Disclosure
5,159,000,000 
 
5,159,000,000 
 
2,731,000,000 
Cash Equivalents [Member] |
Government Debt [Member] |
Fair Value, Measurements, Recurring [Member]
 
 
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
Investments, Fair Value Disclosure
466,000,000 
 
466,000,000 
 
332,000,000 
Cash Equivalents [Member] |
Repurchase Agreements [Member] |
Fair Value, Measurements, Recurring [Member]
 
 
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
Investments, Fair Value Disclosure
2,335,000,000 
 
2,335,000,000 
 
768,000,000 
Short-Term Investments [Member] |
Corporate Debt Securities [Member] |
Fair Value, Measurements, Recurring [Member]
 
 
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
Investments, Fair Value Disclosure
1,660,000,000 
 
1,660,000,000 
 
1,338,000,000 
Short-Term Investments [Member] |
Financial Institution Instruments [Member] |
Fair Value, Measurements, Recurring [Member]
 
 
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
Investments, Fair Value Disclosure
1,221,000,000 
 
1,221,000,000 
 
1,603,000,000 
Short-Term Investments [Member] |
Government Debt [Member] |
Fair Value, Measurements, Recurring [Member]
 
 
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
Investments, Fair Value Disclosure
277,000,000 
 
277,000,000 
 
284,000,000 
Other Current Assets [Member] |
Fair Value, Measurements, Recurring [Member]
 
 
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
Derivative assets, Fair Value Disclosure
326,000,000 
 
326,000,000 
 
382,000,000 
Loans receivable, Fair Value Disclosure
86,000,000 
 
86,000,000 
 
326,000,000 
Other Long-Term Investments [Member] |
Corporate Debt Securities [Member] |
Fair Value, Measurements, Recurring [Member]
 
 
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
Investments, Fair Value Disclosure
1,816,000,000 
 
1,816,000,000 
 
2,001,000,000 
Other Long-Term Investments [Member] |
Financial Institution Instruments [Member] |
Fair Value, Measurements, Recurring [Member]
 
 
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
Investments, Fair Value Disclosure
1,632,000,000 
 
1,632,000,000 
 
1,758,000,000 
Other Long-Term Investments [Member] |
Government Debt [Member] |
Fair Value, Measurements, Recurring [Member]
 
 
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
Investments, Fair Value Disclosure
1,033,000,000 
 
1,033,000,000 
 
957,000,000 
Other Long-Term Assets [Member] |
Fair Value, Measurements, Recurring [Member]
 
 
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
Derivative assets, Fair Value Disclosure
73,000,000 
 
73,000,000 
 
40,000,000 
Loans receivable, Fair Value Disclosure
525,000,000 
 
525,000,000 
 
236,000,000 
Other Accrued Liabilities [Member] |
Fair Value, Measurements, Recurring [Member]
 
 
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
Derivative liabilities, Fair Value Disclosure
444,000,000 
 
444,000,000 
 
371,000,000 
Other Long-Term Liabilities [Member] |
Fair Value, Measurements, Recurring [Member]
 
 
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
Derivative liabilities, Fair Value Disclosure
137,000,000 
 
137,000,000 
 
212,000,000 
Level 1 [Member] |
Fair Value, Measurements, Recurring [Member]
 
 
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
Assets, Fair Value Disclosure
8,615,000,000 
 
8,615,000,000 
 
8,168,000,000 
Liabilities, Fair Value Disclosure
 
 
Level 1 [Member] |
Fair Value, Measurements, Nonrecurring [Member] |
Portion at Other than Fair Value Measurement [Member]
 
 
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
Grants Receivable
 
 
Loans receivable
 
 
Non-marketable cost method investments, Fair Value Disclosure
 
 
Reverse repurchase agreements
 
 
Short-term debt, Fair Value Disclosure
 
 
3,006,000,000 
Long-term debt
17,980,000,000 
 
17,980,000,000 
 
12,171,000,000 
Level 1 [Member] |
Corporate Debt Securities [Member] |
Fair Value, Measurements, Recurring [Member]
 
 
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
Trading assets, Fair Value Disclosure
 
 
Level 1 [Member] |
Financial Institution Instruments [Member] |
Fair Value, Measurements, Recurring [Member]
 
 
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
Trading assets, Fair Value Disclosure
92,000,000 
 
92,000,000 
 
36,000,000 
Level 1 [Member] |
Government Debt [Member] |
Fair Value, Measurements, Recurring [Member]
 
 
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
Trading assets, Fair Value Disclosure
31,000,000 
 
31,000,000 
 
32,000,000 
Level 1 [Member] |
Asset-Backed Securities [Member] |
Fair Value, Measurements, Recurring [Member]
 
 
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
Trading assets, Fair Value Disclosure
 
 
Level 1 [Member] |
Marketable Equity Securities [Member] |
Fair Value, Measurements, Recurring [Member]
 
 
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
Investments, Fair Value Disclosure
5,472,000,000 
 
5,472,000,000 
 
6,180,000,000 
Level 1 [Member] |
Cash Equivalents [Member] |
Corporate Debt Securities [Member] |
Fair Value, Measurements, Recurring [Member]
 
 
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
Investments, Fair Value Disclosure
 
 
Level 1 [Member] |
Cash Equivalents [Member] |
Financial Institution Instruments [Member] |
Fair Value, Measurements, Recurring [Member]
 
 
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
Investments, Fair Value Disclosure
3,020,000,000 
 
3,020,000,000 
 
1,920,000,000 
Level 1 [Member] |
Cash Equivalents [Member] |
Government Debt [Member] |
Fair Value, Measurements, Recurring [Member]
 
 
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
Investments, Fair Value Disclosure
 
 
Level 1 [Member] |
Cash Equivalents [Member] |
Repurchase Agreements [Member] |
Fair Value, Measurements, Recurring [Member]
 
 
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
Investments, Fair Value Disclosure
 
 
Level 1 [Member] |
Short-Term Investments [Member] |
Corporate Debt Securities [Member] |
Fair Value, Measurements, Recurring [Member]
 
 
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
Investments, Fair Value Disclosure
 
 
Level 1 [Member] |
Short-Term Investments [Member] |
Financial Institution Instruments [Member] |
Fair Value, Measurements, Recurring [Member]
 
 
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
Investments, Fair Value Disclosure
 
 
Level 1 [Member] |
Short-Term Investments [Member] |
Government Debt [Member] |
Fair Value, Measurements, Recurring [Member]
 
 
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
Investments, Fair Value Disclosure
 
 
Level 1 [Member] |
Other Current Assets [Member] |
Fair Value, Measurements, Recurring [Member]
 
 
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
Derivative assets, Fair Value Disclosure
 
 
Loans receivable, Fair Value Disclosure
 
 
Level 1 [Member] |
Other Long-Term Investments [Member] |
Corporate Debt Securities [Member] |
Fair Value, Measurements, Recurring [Member]
 
 
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
Investments, Fair Value Disclosure
 
 
Level 1 [Member] |
Other Long-Term Investments [Member] |
Financial Institution Instruments [Member] |
Fair Value, Measurements, Recurring [Member]
 
 
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
Investments, Fair Value Disclosure
 
 
Level 1 [Member] |
Other Long-Term Investments [Member] |
Government Debt [Member] |
Fair Value, Measurements, Recurring [Member]
 
 
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
Investments, Fair Value Disclosure
 
 
Level 1 [Member] |
Other Long-Term Assets [Member] |
Fair Value, Measurements, Recurring [Member]
 
 
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
Derivative assets, Fair Value Disclosure
 
 
Loans receivable, Fair Value Disclosure
 
 
Level 1 [Member] |
Other Accrued Liabilities [Member] |
Fair Value, Measurements, Recurring [Member]
 
 
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
Derivative liabilities, Fair Value Disclosure
 
 
Level 1 [Member] |
Other Long-Term Liabilities [Member] |
Fair Value, Measurements, Recurring [Member]
 
 
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
Derivative liabilities, Fair Value Disclosure
 
 
Level 2 [Member] |
Fair Value, Measurements, Recurring [Member]
 
 
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
Assets, Fair Value Disclosure
27,607,000,000 
 
27,607,000,000 
 
19,559,000,000 
Liabilities, Fair Value Disclosure
569,000,000 
 
569,000,000 
 
550,000,000 
Level 2 [Member] |
Fair Value, Measurements, Nonrecurring [Member] |
Portion at Other than Fair Value Measurement [Member]
 
 
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
Grants Receivable
440,000,000 
 
440,000,000 
 
362,000,000 
Loans receivable
2,465,000,000 
 
2,465,000,000 
 
265,000,000 
Non-marketable cost method investments, Fair Value Disclosure
 
 
Reverse repurchase agreements
250,000,000 
 
250,000,000 
 
250,000,000 
Short-term debt, Fair Value Disclosure
4,697,000,000 
 
4,697,000,000 
 
2,114,000,000 
Long-term debt
11,630,000,000 
 
11,630,000,000 
 
9,786,000,000 
Level 2 [Member] |
Corporate Debt Securities [Member] |
Fair Value, Measurements, Recurring [Member]
 
 
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
Trading assets, Fair Value Disclosure
2,461,000,000 
 
2,461,000,000 
 
2,847,000,000 
Level 2 [Member] |
Financial Institution Instruments [Member] |
Fair Value, Measurements, Recurring [Member]
 
 
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
Trading assets, Fair Value Disclosure
1,544,000,000 
 
1,544,000,000 
 
1,608,000,000 
Level 2 [Member] |
Government Debt [Member] |
Fair Value, Measurements, Recurring [Member]
 
 
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
Trading assets, Fair Value Disclosure
6,934,000,000 
 
6,934,000,000 
 
3,704,000,000 
Level 2 [Member] |
Asset-Backed Securities [Member] |
Fair Value, Measurements, Recurring [Member]
 
 
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
Trading assets, Fair Value Disclosure
22,000,000 
 
22,000,000 
 
87,000,000 
Level 2 [Member] |
Marketable Equity Securities [Member] |
Fair Value, Measurements, Recurring [Member]
 
 
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
Investments, Fair Value Disclosure
432,000,000 
 
432,000,000 
 
Level 2 [Member] |
Cash Equivalents [Member] |
Corporate Debt Securities [Member] |
Fair Value, Measurements, Recurring [Member]
 
 
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
Investments, Fair Value Disclosure
2,645,000,000 
 
2,645,000,000 
 
498,000,000 
Level 2 [Member] |
Cash Equivalents [Member] |
Financial Institution Instruments [Member] |
Fair Value, Measurements, Recurring [Member]
 
 
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
Investments, Fair Value Disclosure
2,139,000,000 
 
2,139,000,000 
 
811,000,000 
Level 2 [Member] |
Cash Equivalents [Member] |
Government Debt [Member] |
Fair Value, Measurements, Recurring [Member]
 
 
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
Investments, Fair Value Disclosure
466,000,000 
 
466,000,000 
 
332,000,000 
Level 2 [Member] |
Cash Equivalents [Member] |
Repurchase Agreements [Member] |
Fair Value, Measurements, Recurring [Member]
 
 
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
Investments, Fair Value Disclosure
2,335,000,000 
 
2,335,000,000 
 
768,000,000 
Level 2 [Member] |
Short-Term Investments [Member] |
Corporate Debt Securities [Member] |
Fair Value, Measurements, Recurring [Member]
 
 
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
Investments, Fair Value Disclosure
1,654,000,000 
 
1,654,000,000 
 
1,332,000,000 
Level 2 [Member] |
Short-Term Investments [Member] |
Financial Institution Instruments [Member] |
Fair Value, Measurements, Recurring [Member]
 
 
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
Investments, Fair Value Disclosure
1,221,000,000 
 
1,221,000,000 
 
1,603,000,000 
Level 2 [Member] |
Short-Term Investments [Member] |
Government Debt [Member] |
Fair Value, Measurements, Recurring [Member]
 
 
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
Investments, Fair Value Disclosure
277,000,000 
 
277,000,000 
 
284,000,000 
Level 2 [Member] |
Other Current Assets [Member] |
Fair Value, Measurements, Recurring [Member]
 
 
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
Derivative assets, Fair Value Disclosure
326,000,000 
 
326,000,000 
 
382,000,000 
Loans receivable, Fair Value Disclosure
86,000,000 
 
86,000,000 
 
326,000,000 
Level 2 [Member] |
Other Long-Term Investments [Member] |
Corporate Debt Securities [Member] |
Fair Value, Measurements, Recurring [Member]
 
 
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
Investments, Fair Value Disclosure
1,811,000,000 
 
1,811,000,000 
 
1,995,000,000 
Level 2 [Member] |
Other Long-Term Investments [Member] |
Financial Institution Instruments [Member] |
Fair Value, Measurements, Recurring [Member]
 
 
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
Investments, Fair Value Disclosure
1,632,000,000 
 
1,632,000,000 
 
1,758,000,000 
Level 2 [Member] |
Other Long-Term Investments [Member] |
Government Debt [Member] |
Fair Value, Measurements, Recurring [Member]
 
 
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
Investments, Fair Value Disclosure
1,033,000,000 
 
1,033,000,000 
 
957,000,000 
Level 2 [Member] |
Other Long-Term Assets [Member] |
Fair Value, Measurements, Recurring [Member]
 
 
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
Derivative assets, Fair Value Disclosure
64,000,000 
 
64,000,000 
 
31,000,000 
Loans receivable, Fair Value Disclosure
525,000,000 
 
525,000,000 
 
236,000,000 
Level 2 [Member] |
Other Accrued Liabilities [Member] |
Fair Value, Measurements, Recurring [Member]
 
 
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
Derivative liabilities, Fair Value Disclosure
444,000,000 
 
444,000,000 
 
371,000,000 
Level 2 [Member] |
Other Long-Term Liabilities [Member] |
Fair Value, Measurements, Recurring [Member]
 
 
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
Derivative liabilities, Fair Value Disclosure
125,000,000 
 
125,000,000 
 
179,000,000 
Level 3 [Member] |
Fair Value, Measurements, Recurring [Member]
 
 
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
Assets, Fair Value Disclosure
20,000,000 
 
20,000,000 
 
21,000,000 
Liabilities, Fair Value Disclosure
12,000,000 
 
12,000,000 
 
33,000,000 
Level 3 [Member] |
Fair Value, Measurements, Nonrecurring [Member] |
Portion at Other than Fair Value Measurement [Member]
 
 
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
Grants Receivable
 
 
Loans receivable
 
 
Non-marketable cost method investments, Fair Value Disclosure
3,457,000,000 
 
3,457,000,000 
 
3,890,000,000 
Reverse repurchase agreements
 
 
Short-term debt, Fair Value Disclosure
 
 
Long-term debt
 
 
Level 3 [Member] |
Corporate Debt Securities [Member] |
Fair Value, Measurements, Recurring [Member]
 
 
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
Trading assets, Fair Value Disclosure
 
 
Level 3 [Member] |
Financial Institution Instruments [Member] |
Fair Value, Measurements, Recurring [Member]
 
 
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
Trading assets, Fair Value Disclosure
 
 
Level 3 [Member] |
Government Debt [Member] |
Fair Value, Measurements, Recurring [Member]
 
 
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
Trading assets, Fair Value Disclosure
 
 
Level 3 [Member] |
Asset-Backed Securities [Member] |
Fair Value, Measurements, Recurring [Member]
 
 
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
Trading assets, Fair Value Disclosure
 
 
Level 3 [Member] |
Marketable Equity Securities [Member] |
Fair Value, Measurements, Recurring [Member]
 
 
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
Investments, Fair Value Disclosure
 
 
Level 3 [Member] |
Cash Equivalents [Member] |
Corporate Debt Securities [Member] |
Fair Value, Measurements, Recurring [Member]
 
 
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
Investments, Fair Value Disclosure
 
 
Level 3 [Member] |
Cash Equivalents [Member] |
Financial Institution Instruments [Member] |
Fair Value, Measurements, Recurring [Member]
 
 
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
Investments, Fair Value Disclosure
 
 
Level 3 [Member] |
Cash Equivalents [Member] |
Government Debt [Member] |
Fair Value, Measurements, Recurring [Member]
 
 
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
Investments, Fair Value Disclosure
 
 
Level 3 [Member] |
Cash Equivalents [Member] |
Repurchase Agreements [Member] |
Fair Value, Measurements, Recurring [Member]
 
 
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
Investments, Fair Value Disclosure
 
 
Level 3 [Member] |
Short-Term Investments [Member] |
Corporate Debt Securities [Member] |
Fair Value, Measurements, Recurring [Member]
 
 
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
Investments, Fair Value Disclosure
6,000,000 
 
6,000,000 
 
6,000,000 
Level 3 [Member] |
Short-Term Investments [Member] |
Financial Institution Instruments [Member] |
Fair Value, Measurements, Recurring [Member]
 
 
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
Investments, Fair Value Disclosure
 
 
Level 3 [Member] |
Short-Term Investments [Member] |
Government Debt [Member] |
Fair Value, Measurements, Recurring [Member]
 
 
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
Investments, Fair Value Disclosure
 
 
Level 3 [Member] |
Other Current Assets [Member] |
Fair Value, Measurements, Recurring [Member]
 
 
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
Derivative assets, Fair Value Disclosure
 
 
Loans receivable, Fair Value Disclosure
 
 
Level 3 [Member] |
Other Long-Term Investments [Member] |
Corporate Debt Securities [Member] |
Fair Value, Measurements, Recurring [Member]
 
 
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
Investments, Fair Value Disclosure
5,000,000 
 
5,000,000 
 
6,000,000 
Level 3 [Member] |
Other Long-Term Investments [Member] |
Financial Institution Instruments [Member] |
Fair Value, Measurements, Recurring [Member]
 
 
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
Investments, Fair Value Disclosure
 
 
Level 3 [Member] |
Other Long-Term Investments [Member] |
Government Debt [Member] |
Fair Value, Measurements, Recurring [Member]
 
 
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
Investments, Fair Value Disclosure
 
 
Level 3 [Member] |
Other Long-Term Assets [Member] |
Fair Value, Measurements, Recurring [Member]
 
 
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
Derivative assets, Fair Value Disclosure
9,000,000 
 
9,000,000 
 
9,000,000 
Loans receivable, Fair Value Disclosure
 
 
Level 3 [Member] |
Other Accrued Liabilities [Member] |
Fair Value, Measurements, Recurring [Member]
 
 
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
Derivative liabilities, Fair Value Disclosure
 
 
Level 3 [Member] |
Other Long-Term Liabilities [Member] |
Fair Value, Measurements, Recurring [Member]
 
 
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
Derivative liabilities, Fair Value Disclosure
12,000,000 
 
12,000,000 
 
33,000,000 
McAfee [Member]
 
 
 
 
 
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
 
 
 
 
 
Notes Receivable, Related Parties, Noncurrent
$ 2,200,000,000 
 
$ 2,200,000,000 
 
 
Other Comprehensive Income (Loss), Accumulated Other Comprehensive Income (Loss) (Detail) (USD $)
In Millions, unless otherwise specified
3 Months Ended 6 Months Ended
Jul. 1, 2017
Jul. 2, 2016
Jul. 1, 2017
Jul. 2, 2016
Dec. 31, 2016
Accumulated Other Comprehensive Income (Loss) [Line Items]
 
 
 
 
 
Other comprehensive income (loss) before reclassifications1
 
 
$ 1,722 
 
 
Amounts reclassified out of accumulated other comprehensive income
(255)
(374)
(495)
(423)
 
Tax effects
 
 
(159)
 
 
Other comprehensive income (loss)
311 
(640)
1,068 
(140)
 
Unrealized holding gains (losses) on available-for-sale investments [Member]
 
 
 
 
 
Accumulated Other Comprehensive Income (Loss) [Line Items]
 
 
 
 
 
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest
2,173 
 
2,173 
 
2,164 
Other comprehensive income (loss) before reclassifications1
 
 
1,059 
 
 
Amounts reclassified out of accumulated other comprehensive income
 
 
(1,046)
 
 
Tax effects
 
 
(4)
 
 
Other comprehensive income (loss)
 
 
 
 
Unrealized holding gains (losses) on derivatives [Member]
 
 
 
 
 
Accumulated Other Comprehensive Income (Loss) [Line Items]
 
 
 
 
 
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest
72 
 
72 
 
(259)
Other comprehensive income (loss) before reclassifications1
 
 
445 
 
 
Amounts reclassified out of accumulated other comprehensive income
 
 
16 
 
 
Tax effects
 
 
(130)
 
 
Other comprehensive income (loss)
 
 
331 
 
 
Prior service credits (costs) [Member]
 
 
 
 
 
Accumulated Other Comprehensive Income (Loss) [Line Items]
 
 
 
 
 
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest
(50)
 
(50)
 
(40)
Other comprehensive income (loss) before reclassifications1
 
 
 
 
Amounts reclassified out of accumulated other comprehensive income
(14)
(12)
 
Tax effects
 
 
 
 
Other comprehensive income (loss)
 
 
(10)
 
 
Actuarial gains (losses) [Member]
 
 
 
 
 
Accumulated Other Comprehensive Income (Loss) [Line Items]
 
 
 
 
 
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest
(1,010)
 
(1,010)
 
(1,240)
Other comprehensive income (loss) before reclassifications1
 
 
217 
 
 
Amounts reclassified out of accumulated other comprehensive income
18 
14 
40 
26 
 
Tax effects
 
 
(27)
 
 
Other comprehensive income (loss)
 
 
230 
 
 
Foreign currency translation adjustment [Member]
 
 
 
 
 
Accumulated Other Comprehensive Income (Loss) [Line Items]
 
 
 
 
 
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest
(11)
 
(11)
 
(519)
Other comprehensive income (loss) before reclassifications1
 
 
 
 
Amounts reclassified out of accumulated other comprehensive income
 
 
507 
 
 
Tax effects
 
 
 
 
Other comprehensive income (loss)
 
 
508 
 
 
AOCI Including Portion Attributable to Noncontrolling Interest [Member]
 
 
 
 
 
Accumulated Other Comprehensive Income (Loss) [Line Items]
 
 
 
 
 
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest
$ 1,174 
 
$ 1,174 
 
$ 106 
Other Comprehensive Income (Loss), Reclassification out of Accumulated Other Comprehensive Income (Detail) (USD $)
In Millions, unless otherwise specified
3 Months Ended 6 Months Ended
Jul. 1, 2017
Jul. 2, 2016
Jul. 1, 2017
Jul. 2, 2016
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
 
 
 
 
Gains (losses) on equity investments, net
$ 342 
$ 478 
$ 594 
$ 500 
Interest and other, net
403 
(126)
367 
(208)
Income before taxes
4,572 
1,670 
8,387 
4,178 
Cost of sales
(5,665)
(5,560)
(11,314)
(11,132)
Research and development
(3,275)
(3,145)
(6,601)
(6,391)
Marketing, general and administrative
(1,854)
(2,007)
(3,958)
(4,233)
Amounts reclassified out of accumulated other comprehensive income (loss)
255 
374 
495 
423 
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months
 
 
76 
 
Unrealized holding gains (losses) on available-for-sale investments [Member]
 
 
 
 
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
 
 
 
 
Amounts reclassified out of accumulated other comprehensive income (loss)
 
 
1,046 
 
Unrealized holding gains (losses) on available-for-sale investments [Member] |
Reclassified out of Accumulated Other Comprehensive Income (Loss) [Member]
 
 
 
 
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
 
 
 
 
Gains (losses) on equity investments, net
783 
403 
1,046 
488 
Income before taxes
783 
403 
1,046 
488 
Unrealized holding gains (losses) on derivatives [Member]
 
 
 
 
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
 
 
 
 
Amounts reclassified out of accumulated other comprehensive income (loss)
 
 
(16)
 
Unrealized holding gains (losses) on derivatives [Member] |
Reclassified out of Accumulated Other Comprehensive Income (Loss) [Member]
 
 
 
 
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
 
 
 
 
Income before taxes
(17)
(13)
(16)
(35)
Unrealized holding gains (losses) on derivatives [Member] |
Reclassified out of Accumulated Other Comprehensive Income (Loss) [Member] |
Foreign currency contracts
 
 
 
 
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
 
 
 
 
Gains (losses) on equity investments, net
12 
11 
16 
11 
Interest and other, net
(3)
(17)
35 
17 
Cost of sales
(27)
(17)
(47)
(59)
Research and development
(14)
(3)
Marketing, general and administrative
(1)
(6)
(1)
Prior service credits (costs) [Member]
 
 
 
 
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
 
 
 
 
Amounts reclassified out of accumulated other comprehensive income (loss)
14 
(2)
12 
(4)
Actuarial gains (losses) [Member]
 
 
 
 
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
 
 
 
 
Amounts reclassified out of accumulated other comprehensive income (loss)
(18)
(14)
(40)
(26)
Amortization of pension and postretirement benefit components [Member]
 
 
 
 
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
 
 
 
 
Amounts reclassified out of accumulated other comprehensive income (loss)
(4)
(16)
(28)
(30)
Foreign currency translation adjustment [Member] |
Reclassified out of Accumulated Other Comprehensive Income (Loss) [Member]
 
 
 
 
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
 
 
 
 
Interest and other, net
(507)
(507)
Foreign currency translation adjustment [Member] |
Reclassified out of Accumulated Other Comprehensive Income (Loss) [Member] |
Intel Security Group [Member]
 
 
 
 
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
 
 
 
 
Disposal Group, Including Discontinued Operation, Foreign Currency Translation Gains (Losses)
$ (507)
 
 
 
Derivative Financial Instruments (Detail) (USD $)
In Millions, unless otherwise specified
3 Months Ended 6 Months Ended
Jul. 1, 2017
Jul. 2, 2016
Jul. 1, 2017
Jul. 2, 2016
Dec. 31, 2016
Notional Disclosures [Abstract]
 
 
 
 
 
Derivative, Notional Amount
$ 39,038 
$ 30,028 
$ 39,038 
$ 30,028 
$ 33,528 
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
 
 
 
 
 
Fair value of derivative assets
386 
 
386 
 
433 
Fair value of derivative liabilities
563 
 
563 
 
588 
Offsetting Derivative Assets [Abstract]
 
 
 
 
 
Derivative Assets Subject To Master Netting Arrangements, Gross Amounts Offset In The Balance Sheet
 
 
Derivative Assets Subject To Master Netting Arrangements, Net Amounts Presented In The Balance Sheet
386 
 
386 
 
433 
Derivative Assets Subject To Master Netting Arrangements, Gross Amounts Not Offset In The Balance Sheet - Financial Instruments
(232)
 
(232)
 
(368)
Derivative Assets Subject To Master Netting Arrangements, Gross Amounts Not Offset In The Balance Sheet - Cash And Non-Cash Collateral Received Or Pledged
(135)
 
(135)
 
(42)
Derivative Assets Subject To Master Netting Arrangements, Net Amount
19 
 
19 
 
23 
Reverse Repurchase Agreements, Gross Amounts Recognized
2,585 
 
2,585 
 
1,018 
Reverse Repurchase Agreements, Gross Amounts Offset In The Balance Sheet
 
 
Reverse Repurchase Agreements, Net Amounts Presented In The Balance Sheet
2,585 
 
2,585 
 
1,018 
Reverse Repurchase Agreements, Gross Amounts Not Offset In The Balance Sheet - Financial Instruments
 
 
Reverse Repurchase Agreements, Gross Amounts Not Offset In The Balance Sheet - Cash And Non-Cash Collateral Received Or Pledged
(2,585)
 
(2,585)
 
(1,018)
Reverse Repurchase Agreements, Net Amount
 
 
Total Assets, Gross Amounts Recognized
2,971 
 
2,971 
 
1,451 
Total Assets, Gross Amounts Offset In The Balance Sheet
 
 
Total Assets, Net Amounts Presented In The Balance Sheet
2,971 
 
2,971 
 
1,451 
Total Assets, Gross Amounts Not Offset In The Balance Sheet - Financial Instruments
(232)
 
(232)
 
(368)
Total Assets, Gross Amounts Not Offset In The Balance Sheet - Cash and Non-Cash Collateral Received Or Pledged
(2,720)
 
(2,720)
 
(1,060)
Total Assets, Net Amount
19 
 
19 
 
23 
Offsetting Derivative Liabilities [Abstract]
 
 
 
 
 
Derivative Liabilities Subject To Master Netting Arrangements, Gross Amounts Offset In The Balance Sheet
 
 
Derivative Liabilities Subject To Master Netting Arrangements, Net Amounts Presented In The Balance Sheet
563 
 
563 
 
588 
Derivative Liabilities Subject To Master Netting Arrangements, Gross Amounts Offset In The Balance Sheet - Financial Instruments
(232)
 
(232)
 
(368)
Derivative Liabilities Subject To Master Netting Arrangements, Gross Amounts Offset In The Balance Sheet - Cash And Non-Cash Collateral Received Or Pledged
(303)
 
(303)
 
(201)
Derivative Liabilities Subject To Master Netting Arrangements, Net Amount
28 
 
28 
 
19 
Total Liabilities, Gross Amounts Recognized
563 
 
563 
 
588 
Total Liabilities, Gross Amounts Offset In The Balance Sheet
 
 
Total Liabilities, Net Amounts Presented In The Balance Sheet
563 
 
563 
 
588 
Total Liabilities, Gross Amounts Not Offset In The Balance Sheet - Financial Instruments
(232)
 
(232)
 
(368)
Total Liabilities, Gross Amounts Not Offset In The Balance Sheet - Cash and Non-Cash Collateral Received Or Pledged
(303)
 
(303)
 
(201)
Total Liabilities, Net Amount
28 
 
28 
 
19 
Effect of Fair Value Hedges on Results of Operations [Abstract]
 
 
 
 
 
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge
(96)
(60)
(82)
(222)
 
Net Change In Unrealized Gain Loss Recognized In Income Statement On Fair Value Hedging Instruments And On Hedged Item In Fair Value Hedge
 
Not Designated as Hedging Instrument [Member]
 
 
 
 
 
Derivative Instruments Not Designated as Hedging Instruments [Abstract]
 
 
 
 
 
Gains (Losses) Recognized in Income On Derivatives
(232)
62 
(336)
(171)
 
Fair Value Hedging [Member]
 
 
 
 
 
Effect of Fair Value Hedges on Results of Operations [Abstract]
 
 
 
 
 
Derivative, Net Hedge Ineffectiveness Gain (Loss)
 
 
 
Assets
 
 
 
 
 
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
 
 
 
 
 
Fair value of derivative assets
399 
 
399 
 
422 
Assets |
Designated as Hedging Instrument [Member]
 
 
 
 
 
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
 
 
 
 
 
Fair value of derivative assets
295 
 
295 
 
24 
Assets |
Not Designated as Hedging Instrument [Member]
 
 
 
 
 
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
 
 
 
 
 
Fair value of derivative assets
104 
 
104 
 
398 
Liabilities
 
 
 
 
 
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
 
 
 
 
 
Fair value of derivative liabilities
581 
 
581 
 
583 
Liabilities |
Designated as Hedging Instrument [Member]
 
 
 
 
 
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
 
 
 
 
 
Fair value of derivative liabilities
137 
 
137 
 
439 
Liabilities |
Not Designated as Hedging Instrument [Member]
 
 
 
 
 
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
 
 
 
 
 
Fair value of derivative liabilities
444 
 
444 
 
144 
Foreign currency contracts
 
 
 
 
 
Notional Disclosures [Abstract]
 
 
 
 
 
Derivative, Notional Amount
20,861 
18,682 
20,861 
18,682 
17,960 
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net [Abstract]
 
 
 
 
 
Gains (Losses) Recognized in Other Comprehensive Income (Loss) on Derivatives (Effective Portion)
180 
39 
445 
282 
 
Foreign currency contracts |
Not Designated as Hedging Instrument [Member] |
Interest and other, net [Member]
 
 
 
 
 
Derivative Instruments Not Designated as Hedging Instruments [Abstract]
 
 
 
 
 
Gains (Losses) Recognized in Income On Derivatives
(271)
64 
(430)
(174)
 
Foreign currency contracts |
Assets |
Designated as Hedging Instrument [Member]
 
 
 
 
 
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
 
 
 
 
 
Fair value of derivative assets
283 
 
283 
 
21 
Foreign currency contracts |
Assets |
Not Designated as Hedging Instrument [Member]
 
 
 
 
 
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
 
 
 
 
 
Fair value of derivative assets
83 
 
83 
 
374 
Foreign currency contracts |
Liabilities |
Designated as Hedging Instrument [Member]
 
 
 
 
 
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
 
 
 
 
 
Fair value of derivative liabilities
23 
 
23 
 
252 
Foreign currency contracts |
Liabilities |
Not Designated as Hedging Instrument [Member]
 
 
 
 
 
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
 
 
 
 
 
Fair value of derivative liabilities
421 
 
421 
 
114 
Interest rate contracts
 
 
 
 
 
Notional Disclosures [Abstract]
 
 
 
 
 
Derivative, Notional Amount
16,781 
10,039 
16,781 
10,039 
14,228 
Effect of Fair Value Hedges on Results of Operations [Abstract]
 
 
 
 
 
Change in Unrealized Gain (Loss) on Fair Value Hedging Instruments
96 
60 
82 
222 
 
Interest rate contracts |
Not Designated as Hedging Instrument [Member] |
Interest and other, net [Member]
 
 
 
 
 
Derivative Instruments Not Designated as Hedging Instruments [Abstract]
 
 
 
 
 
Gains (Losses) Recognized in Income On Derivatives
(8)
(1)
(15)
 
Interest rate contracts |
Assets |
Designated as Hedging Instrument [Member]
 
 
 
 
 
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
 
 
 
 
 
Fair value of derivative assets
12 
 
12 
 
Interest rate contracts |
Assets |
Not Designated as Hedging Instrument [Member]
 
 
 
 
 
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
 
 
 
 
 
Fair value of derivative assets
12 
 
12 
 
15 
Interest rate contracts |
Liabilities |
Designated as Hedging Instrument [Member]
 
 
 
 
 
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
 
 
 
 
 
Fair value of derivative liabilities
114 
 
114 
 
187 
Interest rate contracts |
Liabilities |
Not Designated as Hedging Instrument [Member]
 
 
 
 
 
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
 
 
 
 
 
Fair value of derivative liabilities
23 
 
23 
 
30 
Other
 
 
 
 
 
Notional Disclosures [Abstract]
 
 
 
 
 
Derivative, Notional Amount
1,396 
1,307 
1,396 
1,307 
1,340 
Other |
Not Designated as Hedging Instrument [Member] |
Various [Member]
 
 
 
 
 
Derivative Instruments Not Designated as Hedging Instruments [Abstract]
 
 
 
 
 
Gains (Losses) Recognized in Income On Derivatives
38 
95 
18 
 
Other |
Assets |
Not Designated as Hedging Instrument [Member]
 
 
 
 
 
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
 
 
 
 
 
Fair value of derivative assets
 
 
Other |
Liabilities |
Not Designated as Hedging Instrument [Member]
 
 
 
 
 
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
 
 
 
 
 
Fair value of derivative liabilities
$ 0 
 
$ 0 
 
$ 0 
Employee Equity Incentive Plans (Detail) (USD $)
Share data in Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended 6 Months Ended 6 Months Ended
Jul. 1, 2017
Jul. 2, 2016
Jul. 1, 2017
Jul. 2, 2016
Jul. 1, 2017
Restricted Stock Units (RSUs) [Member]
Dec. 31, 2016
Restricted Stock Units (RSUs) [Member]
Jul. 1, 2017
Stock Purchase Plan RIghts [Member]
Jul. 2, 2016
Stock Purchase Plan RIghts [Member]
Jul. 1, 2017
2006 Equity Incentive Plan [Member]
Jul. 1, 2017
2006 Stock Purchase Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
 
 
 
 
 
 
 
 
 
 
Share-based Compensation Arrangement by Share-based Payment Award, Number of Additional Shares Authorized
 
 
33 
 
 
 
 
 
 
 
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant
 
 
 
 
 
 
 
 
217 
157 
Share-based Compensation Arrangement by Share-based Payment Award, Purchase Price of Common Stock, Percent
 
 
 
 
 
 
 
 
 
85.00% 
Share-based Compensation
$ 328,000,000 
$ 364,000,000 
$ 725,000,000 
$ 812,000,000 
 
 
 
 
 
 
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value
 
 
 
 
1,400,000,000 
 
 
 
 
 
Share-based Compensation Arrangement by Share-based Payment Award, Shares Issued in Period
 
 
 
 
 
 
8.0 
9.2 
 
 
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value, Vested
 
 
 
 
994,000,000 
 
 
 
 
 
Employee Purchases, Amount
 
 
 
 
 
 
$ 235,000,000 
$ 227,000,000 
 
 
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
 
 
 
 
 
 
 
 
 
 
Number of RSUs outstanding, beginning balance
 
 
 
 
106.8 
 
 
 
 
 
Number of RSUs granted
 
 
 
 
39.8 
 
 
 
 
 
Number of RSUs vested
 
 
 
 
(36.6)
 
 
 
 
 
Number of RSUs forfeited
 
 
 
 
(9.3)
 
 
 
 
 
Number of RSUs outstanding, ending balance
 
 
 
 
100.7 
 
 
 
 
 
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
 
 
 
 
 
 
 
 
 
 
Weighted-average grant date fair value of RSU balance (in dollars per share)
 
 
 
 
$ 31.76 
$ 28.99 
 
 
 
 
Weighted-average grant date fair value of granted RSUs (in dollars per share)
 
 
 
 
$ 34.51 
 
 
 
 
 
Weighted-average grant date fair value of vested RSUs (in dollars per share)
 
 
 
 
$ 27.15 
 
 
 
 
 
Weighted-average grant date fair value of forfeited RSUs (in dollars per share)
 
 
 
 
$ 29.82 
 
 
 
 
 
Contingencies (Detail)
In Billions, except Per Share data, unless otherwise specified
6 Months Ended 1 Months Ended
Jul. 1, 2017
Future Link Systems LLC [Member]
Pending Litigation [Member]
USD ($)
Patent
Jul. 1, 2017
Future Link Systems LLC [Member]
Pending Litigation [Member]
Maximum [Member]
Patent
Jul. 1, 2017
Future Link Systems LLC [Member]
Pending Litigation [Member]
Minimum [Member]
Patent
Aug. 19, 2010
McAfee, Inc. [Member]
McAfee Shareholder Litigation [Member]
USD ($)
Jun. 30, 2012
McAfee, Inc. [Member]
McAfee Shareholder Litigation [Member]
Pending Litigation [Member]
USD ($)
May 31, 2009
EC Fine [Member]
USD ($)
May 31, 2009
EC Fine [Member]
EUR (€)
Loss Contingencies [Line Items]
 
 
 
 
 
 
 
Loss Contingency, Damages Paid Value
 
 
 
 
 
$ 1.4 
€ 1.1 
Loss Contingency, Cash Per Share of Acquiree Common Stock and Common Stock Subject to Restricted Stock Awards, Vested Restricted Stock Unit Awards, and Vested Performance Stock Unit Awards Upon Completion of Acquisition
 
 
 
$ 48.00 
 
 
 
Loss Contingency, Plaintiffs Damages Expert Value Assertion of Share of Acquiree for Purposes of Assessing Damages
 
 
 
 
$ 62.08 
 
 
Loss Contingency, Patents Allegedly Infringed, Number
14 
15 
 
 
 
 
Loss Contingency, Damages Sought, Value
$ 9.9