2017 Form 10-K Financial Statement

#000005086318000007 Filed on February 16, 2018

View on sec.gov

Income Statement

Concept 2017 2016 Q4 2016
Revenue $62.76B $15.78B $59.39B
YoY Change 5.68% 5.79% 7.28%
Cost Of Revenue $23.66B $5.795B $23.15B
YoY Change 2.2% 8.85% 11.98%
Gross Profit $39.10B $9.983B $36.23B
YoY Change 7.91% 4.1% 4.48%
Gross Profit Margin 62.3% 63.27% 61.01%
Selling, General & Admin $7.452B $2.006B $8.377B
YoY Change -11.04% -5.29% 5.64%
% of Gross Profit 19.06% 20.09% 23.12%
Research & Development $13.04B $3.069B $12.69B
YoY Change 2.76% -1.6% 4.59%
% of Gross Profit 33.34% 30.74% 35.01%
Depreciation & Amortization $6.752B $1.928B $6.266B
YoY Change 7.76% -10.16% -19.88%
% of Gross Profit 17.27% 19.31% 17.29%
Operating Expenses $21.05B $5.521B $23.10B
YoY Change -8.88% 4.09% 11.72%
Operating Profit $18.05B $4.462B $13.13B
YoY Change 37.44% 4.11% -6.21%
Interest Expense $646.0M $180.0M $733.0M
YoY Change -11.87% -220.0% 117.51%
% of Operating Profit 3.58% 4.03% 5.58%
Other Income/Expense, Net -$349.0M -$132.0M -$703.0M
YoY Change -50.36% -185.71% 569.52%
Pretax Income $20.35B $4.318B $12.94B
YoY Change 57.33% 0.35% -8.98%
Income Tax $10.75B $940.0M $2.620B
% Of Pretax Income 52.83% 21.77% 20.25%
Net Earnings $9.601B $3.378B $10.32B
YoY Change -6.93% -6.5% -9.67%
Net Earnings / Revenue 15.3% 21.41% 17.37%
Basic Earnings Per Share $2.04 $0.71 $2.18
Diluted Earnings Per Share $1.99 $0.69 $2.12
COMMON SHARES
Basic Shares Outstanding 4.701B shares 4.734B shares 4.730B shares
Diluted Shares Outstanding 4.835B shares 4.877B shares 4.875B shares

Balance Sheet

Concept 2017 2016 Q4 2016
SHORT-TERM ASSETS
Cash & Short-Term Investments $14.00B $8.785B $17.10B
YoY Change -18.11% -51.17% -32.45%
Cash & Equivalents $3.433B $5.560B $5.560B
Short-Term Investments $10.57B $3.225B $11.54B
Other Short-Term Assets $2.908B $2.956B $8.166B
YoY Change -64.39% -0.87% 167.47%
Inventory $6.983B $5.553B $5.553B
Prepaid Expenses
Receivables $5.607B $4.690B $4.690B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $29.50B $35.51B $35.51B
YoY Change -16.92% -7.34% -7.34%
LONG-TERM ASSETS
Property, Plant & Equipment $41.11B $36.17B $36.17B
YoY Change 13.65% 13.54% 13.54%
Goodwill $14.10B
YoY Change 24.42%
Intangibles $9.494B
YoY Change 141.39%
Long-Term Investments $12.40B $1.328B $15.32B
YoY Change -19.04% -16.48% 23.82%
Other Assets $2.242B $7.159B $2.497B
YoY Change -10.21% -12.32% -16.77%
Total Long-Term Assets $93.75B $77.82B $77.82B
YoY Change 20.47% 23.25% 23.25%
TOTAL ASSETS
Total Short-Term Assets $29.50B $35.51B $35.51B
Total Long-Term Assets $93.75B $77.82B $77.82B
Total Assets $123.2B $113.3B $113.3B
YoY Change 8.76% 11.7% 11.7%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.928B $2.475B $2.475B
YoY Change 18.3% 19.97% 19.97%
Accrued Expenses $10.30B $9.366B $8.972B
YoY Change 14.85% 9.56% 4.95%
Deferred Revenue
YoY Change
Short-Term Debt $37.00M $4.634B $16.00M
YoY Change 131.25% 14381.25% -50.0%
Long-Term Debt Due $1.739B $4.609B $4.618B
YoY Change -62.34% 77.13% 77.48%
Total Short-Term Liabilities $17.42B $20.30B $20.30B
YoY Change -14.19% 29.76% 29.76%
LONG-TERM LIABILITIES
Long-Term Debt $25.04B $20.65B $20.65B
YoY Change 21.25% 3.06% 3.06%
Other Long-Term Liabilities $7.860B $3.538B $3.538B
YoY Change 122.16% 24.53% 24.53%
Total Long-Term Liabilities $32.90B $24.19B $24.19B
YoY Change 36.01% 5.73% 5.73%
TOTAL LIABILITIES
Total Short-Term Liabilities $17.42B $20.30B $20.30B
Total Long-Term Liabilities $32.90B $24.19B $24.19B
Total Liabilities $53.36B $44.49B $46.22B
YoY Change 15.46% 15.49% 17.08%
SHAREHOLDERS EQUITY
Retained Earnings $40.75B
YoY Change 8.33%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $69.89B $66.23B $67.11B
YoY Change
Total Liabilities & Shareholders Equity $123.2B $113.3B $113.3B
YoY Change 8.76% 11.7% 11.7%

Cashflow Statement

Concept 2017 2016 Q4 2016
OPERATING ACTIVITIES
Net Income $9.601B $3.378B $10.32B
YoY Change -6.93% -6.5% -9.67%
Depreciation, Depletion And Amortization $6.752B $1.928B $6.266B
YoY Change 7.76% -10.16% -19.88%
Cash From Operating Activities $22.11B $5.758B $21.81B
YoY Change 1.38% 6.1% 14.68%
INVESTING ACTIVITIES
Capital Expenditures $11.78B -$2.463B $9.625B
YoY Change 22.37% 0.61% 31.38%
Acquisitions $14.50B $15.47B
YoY Change -6.28% 1594.41%
Other Investing Activities -$730.0M -$220.0M -$1.268B
YoY Change -42.43% -104.25% 600.55%
Cash From Investing Activities -$15.76B -$2.683B -$25.82B
YoY Change -38.95% -198.35% 215.5%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $3.615B $2.587B
YoY Change 39.74% -13.8%
Debt Paid & Issued, Net $8.080B $1.500B
YoY Change 438.67%
Cash From Financing Activities -$8.475B -2.208B -5.739B
YoY Change 47.67% -2609.09% -400.16%
NET CHANGE
Cash From Operating Activities $22.11B 5.758B 21.81B
Cash From Investing Activities -$15.76B -2.683B -25.82B
Cash From Financing Activities -$8.475B -2.208B -5.739B
Net Change In Cash -$2.127B 867.0M -9.748B
YoY Change -78.18% -89.48% -176.48%
FREE CASH FLOW
Cash From Operating Activities $22.11B $5.758B $21.81B
Capital Expenditures $11.78B -$2.463B $9.625B
Free Cash Flow $10.33B $8.221B $12.18B
YoY Change -15.19% 4.39% 4.21%

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DerivativeAssetSecuritiesPurchasedUnderAgreementsToResellSecuritiesBorrowedNotOffsetPolicyElectionDeduction
368000000 USD
CY2017Q4 us-gaap Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed Not Offset Policy Election Deduction
DerivativeAssetSecuritiesPurchasedUnderAgreementsToResellSecuritiesBorrowedNotOffsetPolicyElectionDeduction
206000000 USD
CY2016 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
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CY2017 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
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CY2015 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
40000000 USD
CY2016 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
13000000 USD
CY2017 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
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CY2016Q4 us-gaap Debt Current
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CY2017Q4 us-gaap Debt Current
DebtCurrent
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CY2016Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
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CY2017Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
28385000000 USD
CY2016Q4 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.0401
CY2017Q4 us-gaap Debt Instrument Repurchase Amount
DebtInstrumentRepurchaseAmount
1900000000 USD
CY2016Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
-1581000000 USD
CY2017Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
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CY2016Q4 us-gaap Deferred Compensation Liability Current
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1500000000 USD
CY2017Q4 us-gaap Deferred Compensation Liability Current
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1700000000 USD
CY2015 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
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CY2016 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
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CY2017 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
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CY2015 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2016 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2017 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2016Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
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CY2017Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
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CY2015 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
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CY2016 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
257000000 USD
CY2017 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
1548000000 USD
CY2015 us-gaap Deferred Other Tax Expense Benefit
DeferredOtherTaxExpenseBenefit
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CY2016 us-gaap Deferred Other Tax Expense Benefit
DeferredOtherTaxExpenseBenefit
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CY2017 us-gaap Deferred Other Tax Expense Benefit
DeferredOtherTaxExpenseBenefit
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CY2016Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
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CY2017Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
1656000000 USD
CY2016Q4 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
596000000 USD
CY2017Q4 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
211000000 USD
CY2016Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
5228000000 USD
CY2017Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
3806000000 USD
CY2016Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
1044000000 USD
CY2017Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
675000000 USD
CY2016Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
4275000000 USD
CY2017Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
2635000000 USD
CY2016Q4 us-gaap Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
907000000 USD
CY2017Q4 us-gaap Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
840000000 USD
CY2016Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
1187000000 USD
CY2017Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
887000000 USD
CY2016Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
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CY2017Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
711000000 USD
CY2016Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
373000000 USD
CY2017Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
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CY2017Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
241000000 USD
CY2016Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
953000000 USD
CY2017Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
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CY2016Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
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CY2017Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
2207000000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
1036000000 USD
CY2017Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
881000000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
1730000000 USD
CY2017Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
3046000000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
450000000 USD
CY2017Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
373000000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
1574000000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Undistributed Foreign Earnings
DeferredTaxLiabilitiesUndistributedForeignEarnings
0 USD
CY2017Q4 us-gaap Deferred Tax Liabilities Undistributed Foreign Earnings
DeferredTaxLiabilitiesUndistributedForeignEarnings
1850000000 USD
CY2016Q4 us-gaap Defined Benefit Plan Accumulated Benefit Obligation
DefinedBenefitPlanAccumulatedBenefitObligation
2976000000 USD
CY2017Q4 us-gaap Defined Benefit Plan Accumulated Benefit Obligation
DefinedBenefitPlanAccumulatedBenefitObligation
3423000000 USD
CY2016Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Before Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeBeforeTax
1603000000 USD
CY2017Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Before Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeBeforeTax
1257000000 USD
CY2016 us-gaap Defined Benefit Plan Actual Return On Plan Assets
DefinedBenefitPlanActualReturnOnPlanAssets
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CY2017 us-gaap Defined Benefit Plan Actual Return On Plan Assets
DefinedBenefitPlanActualReturnOnPlanAssets
136000000 USD
CY2016 us-gaap Defined Benefit Plan Actuarial Gain Loss
DefinedBenefitPlanActuarialGainLoss
575000000 USD
CY2017 us-gaap Defined Benefit Plan Actuarial Gain Loss
DefinedBenefitPlanActuarialGainLoss
24000000 USD
CY2016Q4 us-gaap Defined Benefit Plan Amounts Recognized In Balance Sheet
DefinedBenefitPlanAmountsRecognizedInBalanceSheet
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CY2017Q4 us-gaap Defined Benefit Plan Amounts Recognized In Balance Sheet
DefinedBenefitPlanAmountsRecognizedInBalanceSheet
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CY2016Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate
0.032
CY2017Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate
0.030
CY2016Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Rate Of Compensation Increase
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationRateOfCompensationIncrease
0.036
CY2017Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Rate Of Compensation Increase
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationRateOfCompensationIncrease
0.033
CY2015 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate
0.031
CY2016 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate
0.033
CY2017 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate
0.032
CY2015 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets
0.059
CY2016 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets
0.055
CY2017 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets
0.046
CY2015 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Rate Of Compensation Increase
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostRateOfCompensationIncrease
0.039
CY2016 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Rate Of Compensation Increase
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostRateOfCompensationIncrease
0.038
CY2017 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Rate Of Compensation Increase
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostRateOfCompensationIncrease
0.036
CY2015Q4 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
3130000000 USD
CY2016Q4 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
3640000000 USD
CY2017Q4 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
3842000000 USD
CY2016 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
416000000 USD
CY2017 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
471000000 USD
CY2016 us-gaap Defined Benefit Plan Curtailments
DefinedBenefitPlanCurtailments
17000000 USD
CY2017 us-gaap Defined Benefit Plan Curtailments
DefinedBenefitPlanCurtailments
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CY2017Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Five Fiscal Years Thereafter
DefinedBenefitPlanExpectedFutureBenefitPaymentsFiveFiscalYearsThereafter
673000000 USD
CY2017Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Next Twelve Months
DefinedBenefitPlanExpectedFutureBenefitPaymentsNextTwelveMonths
125000000 USD
CY2017Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Five
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFive
124000000 USD
CY2017Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Four
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFour
121000000 USD
CY2017Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Three
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearThree
115000000 USD
CY2017Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Two
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearTwo
117000000 USD
CY2015Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
1638000000 USD
CY2016Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
1696000000 USD
CY2017Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
2287000000 USD
CY2016 us-gaap Defined Benefit Plan Foreign Currency Exchange Rate Changes Benefit Obligation
DefinedBenefitPlanForeignCurrencyExchangeRateChangesBenefitObligation
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CY2017 us-gaap Defined Benefit Plan Foreign Currency Exchange Rate Changes Benefit Obligation
DefinedBenefitPlanForeignCurrencyExchangeRateChangesBenefitObligation
281000000 USD
CY2017Q4 us-gaap Defined Benefit Plan Funded Percentage
DefinedBenefitPlanFundedPercentage
0.650
CY2016 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
106000000 USD
CY2017 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
117000000 USD
CY2016 us-gaap Defined Benefit Plan Other Changes
DefinedBenefitPlanOtherChanges
-36000000 USD
CY2017 us-gaap Defined Benefit Plan Other Changes
DefinedBenefitPlanOtherChanges
-41000000 USD
CY2016 us-gaap Defined Benefit Plan Plan Assets Benefits Paid
DefinedBenefitPlanPlanAssetsBenefitsPaid
84000000 USD
CY2017 us-gaap Defined Benefit Plan Plan Assets Benefits Paid
DefinedBenefitPlanPlanAssetsBenefitsPaid
42000000 USD
CY2016 us-gaap Defined Benefit Plan Plan Assets Foreign Currency Translation Gain Loss
DefinedBenefitPlanPlanAssetsForeignCurrencyTranslationGainLoss
-26000000 USD
CY2017 us-gaap Defined Benefit Plan Plan Assets Foreign Currency Translation Gain Loss
DefinedBenefitPlanPlanAssetsForeignCurrencyTranslationGainLoss
124000000 USD
CY2016 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
130000000 USD
CY2017 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
84000000 USD
CY2016 us-gaap Defined Benefit Plan Settlements Benefit Obligation
DefinedBenefitPlanSettlementsBenefitObligation
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CY2017 us-gaap Defined Benefit Plan Settlements Benefit Obligation
DefinedBenefitPlanSettlementsBenefitObligation
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CY2016 us-gaap Defined Benefit Plan Settlements Plan Assets
DefinedBenefitPlanSettlementsPlanAssets
202000000 USD
CY2017 us-gaap Defined Benefit Plan Settlements Plan Assets
DefinedBenefitPlanSettlementsPlanAssets
101000000 USD
CY2015 us-gaap Depreciation
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7821000000 USD
CY2016 us-gaap Depreciation
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6266000000 USD
CY2017 us-gaap Depreciation
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CY2015 us-gaap Depreciation And Amortization
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265000000 USD
CY2016 us-gaap Depreciation And Amortization
DepreciationAndAmortization
294000000 USD
CY2017 us-gaap Depreciation And Amortization
DepreciationAndAmortization
177000000 USD
CY2016Q4 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
0 USD
CY2017Q4 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
0 USD
CY2016Q4 us-gaap Derivative Asset Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
DerivativeAssetFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
23000000 USD
CY2017Q4 us-gaap Derivative Asset Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
DerivativeAssetFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
14000000 USD
CY2016Q4 us-gaap Derivative Asset Not Offset Policy Election Deduction
DerivativeAssetNotOffsetPolicyElectionDeduction
368000000 USD
CY2017Q4 us-gaap Derivative Asset Not Offset Policy Election Deduction
DerivativeAssetNotOffsetPolicyElectionDeduction
206000000 USD
CY2016Q4 us-gaap Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed
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1451000000 USD
CY2017Q4 us-gaap Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed
DerivativeAssetSecuritiesPurchasedUnderAgreementsToResellSecuritiesBorrowed
1999000000 USD
CY2016Q4 us-gaap Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed Gross
DerivativeAssetSecuritiesPurchasedUnderAgreementsToResellSecuritiesBorrowedGross
1451000000 USD
CY2017Q4 us-gaap Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed Gross
DerivativeAssetSecuritiesPurchasedUnderAgreementsToResellSecuritiesBorrowedGross
1999000000 USD
CY2016Q4 us-gaap Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed Liability
DerivativeAssetSecuritiesPurchasedUnderAgreementsToResellSecuritiesBorrowedLiability
0 USD
CY2017Q4 us-gaap Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed Liability
DerivativeAssetSecuritiesPurchasedUnderAgreementsToResellSecuritiesBorrowedLiability
0 USD
CY2016Q4 us-gaap Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
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23000000 USD
CY2017Q4 us-gaap Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
DerivativeAssetSecuritiesPurchasedUnderAgreementsToResellSecuritiesBorrowedOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
14000000 USD
CY2016Q4 us-gaap Derivative Assets
DerivativeAssets
433000000 USD
CY2017Q4 us-gaap Derivative Assets
DerivativeAssets
350000000 USD
CY2016Q4 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
42000000 USD
CY2017Q4 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
130000000 USD
CY2016Q4 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
201000000 USD
CY2017Q4 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
504000000 USD
CY2016Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
433000000 USD
CY2017Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
350000000 USD
CY2016Q4 us-gaap Derivative Fair Value Of Derivative Liability
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588000000 USD
CY2017Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
745000000 USD
CY2016Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
588000000 USD
CY2017Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
745000000 USD
CY2016Q4 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
0 USD
CY2017Q4 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
0 USD
CY2016Q4 us-gaap Derivative Liability Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
19000000 USD
CY2017Q4 us-gaap Derivative Liability Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
35000000 USD
CY2016Q4 us-gaap Derivative Liability Not Offset Policy Election Deduction
DerivativeLiabilityNotOffsetPolicyElectionDeduction
368000000 USD
CY2017Q4 us-gaap Derivative Liability Not Offset Policy Election Deduction
DerivativeLiabilityNotOffsetPolicyElectionDeduction
206000000 USD
CY2015 us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
DisposalGroupNotDiscontinuedOperationGainLossOnDisposal
0 USD
CY2016 us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
DisposalGroupNotDiscontinuedOperationGainLossOnDisposal
0 USD
CY2017 us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
DisposalGroupNotDiscontinuedOperationGainLossOnDisposal
387000000 USD
CY2015 us-gaap Dividends Common Stock
DividendsCommonStock
4556000000 USD
CY2016 us-gaap Dividends Common Stock
DividendsCommonStock
4925000000 USD
CY2017 us-gaap Dividends Common Stock
DividendsCommonStock
5072000000 USD
CY2015 us-gaap Earnings Per Share Basic
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2.41
CY2016 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.18
CY2017 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.04
CY2015 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.33
CY2016 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.12
CY2017 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.99
CY2015 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.196
CY2016 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.203
CY2017 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.528
CY2015 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350
CY2016 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350
CY2015 us-gaap Effective Income Tax Rate Reconciliation Deductions Qualified Production Activities
EffectiveIncomeTaxRateReconciliationDeductionsQualifiedProductionActivities
0.020
CY2016 us-gaap Effective Income Tax Rate Reconciliation Deductions Qualified Production Activities
EffectiveIncomeTaxRateReconciliationDeductionsQualifiedProductionActivities
0.014
CY2017 us-gaap Effective Income Tax Rate Reconciliation Deductions Qualified Production Activities
EffectiveIncomeTaxRateReconciliationDeductionsQualifiedProductionActivities
0.013
CY2015 us-gaap Effective Income Tax Rate Reconciliation Disposition Of Business
EffectiveIncomeTaxRateReconciliationDispositionOfBusiness
0.000
CY2016 us-gaap Effective Income Tax Rate Reconciliation Disposition Of Business
EffectiveIncomeTaxRateReconciliationDispositionOfBusiness
0.000
CY2017 us-gaap Effective Income Tax Rate Reconciliation Disposition Of Business
EffectiveIncomeTaxRateReconciliationDispositionOfBusiness
0.033
CY2015 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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-0.079
CY2016 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.117
CY2017 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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-0.076
CY2015 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
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-0.009
CY2016 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
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0.008
CY2017 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
-0.011
CY2015 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
0.017
CY2016 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
0.023
CY2017 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
0.023
CY2015 us-gaap Effective Income Tax Rate Reconciliation Tax Settlements
EffectiveIncomeTaxRateReconciliationTaxSettlements
-0.029
CY2016 us-gaap Effective Income Tax Rate Reconciliation Tax Settlements
EffectiveIncomeTaxRateReconciliationTaxSettlements
-0.001
CY2017 us-gaap Effective Income Tax Rate Reconciliation Tax Settlements
EffectiveIncomeTaxRateReconciliationTaxSettlements
0.000
CY2016Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
3465000000 USD
CY2017Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
3526000000 USD
CY2015 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
533000000 USD
CY2016 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
616000000 USD
CY2017 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
520000000 USD
CY2016Q4 us-gaap Equity Method Investments
EquityMethodInvestments
1328000000 USD
CY2017Q4 us-gaap Equity Method Investments
EquityMethodInvestments
1887000000 USD
CY2017 us-gaap Extinguishment Of Debt Amount
ExtinguishmentOfDebtAmount
425000000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
3540000000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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3634000000 USD
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2036-12-31
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135000000 USD
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317000000 USD
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510000000 USD
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460000000 USD
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913000000 USD
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15470000000 USD
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13700000000 USD
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0.001
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50000000 shares
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50000000 shares
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CY2017Q4 us-gaap Preferred Stock Shares Issued
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CY2016Q4 us-gaap Preferred Stock Value
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CY2017Q4 us-gaap Preferred Stock Value
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3124000000 USD
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;font-size:12pt;"><font style="font-family:Intel Clear,sans-serif;font-size:12pt;color:#0071c5;font-style:normal;font-weight:bold;text-decoration:none;">CREDIT RISK</font></div><div style="line-height:120%;padding-bottom:12px;font-size:9pt;"><font style="font-family:Intel Clear,sans-serif;font-size:9pt;color:#333333;">Financial instruments that potentially subject us to concentrations of credit risk consist principally of investments in debt instruments, derivative financial instruments, loans receivable, reverse repurchase agreements, and trade receivables. </font><font style="font-family:Intel Clear,sans-serif;font-size:9pt;color:#333333;">We enter into master netting arrangements to mitigate credit risk in derivative transactions by permitting net settlement of transactions with the same counterparty.</font></div><div style="line-height:120%;padding-bottom:12px;font-size:9pt;"><font style="font-family:Intel Clear,sans-serif;font-size:9pt;color:#333333;">We generally place investments with high-credit-quality counterparties and, by policy, we limit the amount of credit exposure to any one counterparty based on our analysis of that counterparty&#8217;s relative credit standing. As required per our investment policy, </font><font style="font-family:Arial;font-size:9pt;color:#333333;">substantially all</font><font style="font-family:Intel Clear,sans-serif;font-size:9pt;color:#333333;"> of our investments in debt instruments and financing receivables are in investment-grade instruments. Credit-rating criteria for derivative instruments are similar to those for other investments. Due to master netting arrangements, the amounts subject to credit risk related to derivative instruments are generally limited to the amounts, if any, by which the counterparty&#8217;s obligations exceed our obligations with that counterparty. As of </font><font style="font-family:Intel Clear,sans-serif;font-size:9pt;color:#333333;">December&#160;30, 2017</font><font style="font-family:Intel Clear,sans-serif;font-size:9pt;color:#333333;">, our total credit exposure to any single counterparty, excluding money market funds invested in U.S. treasury and U.S. agency securities and reverse repurchase agreements collateralized by treasury and agency securities, did not exceed </font><font style="font-family:Intel Clear,sans-serif;font-size:9pt;color:#333333;">$800 million</font><font style="font-family:Intel Clear,sans-serif;font-size:9pt;color:#333333;">. To further reduce credit risk, we obtain and secure available collateral from counterparties against obligations, including securities lending transactions, when we deem it appropriate.</font></div><div style="line-height:120%;padding-bottom:12px;font-size:9pt;"><font style="font-family:Intel Clear,sans-serif;font-size:9pt;color:#333333;">A substantial majority</font><font style="font-family:Intel Clear,sans-serif;font-size:9pt;color:#333333;font-weight:bold;"> </font><font style="font-family:Intel Clear,sans-serif;font-size:9pt;color:#333333;">of our trade receivables are derived from sales to original equipment manufacturers and original design manufacturers. We also have accounts receivable derived from sales to industrial and communications equipment manufacturers in the computing and communications industries. We believe that the net accounts receivable balances from our three largest customers (</font><font style="font-family:Intel Clear,sans-serif;font-size:9pt;color:#333333;">36%</font><font style="font-family:Intel Clear,sans-serif;font-size:9pt;color:#333333;"> in </font><font style="font-family:Intel Clear,sans-serif;font-size:9pt;color:#333333;">2017</font><font style="font-family:Intel Clear,sans-serif;font-size:9pt;color:#333333;">) do not represent a significant credit risk, based on cash flow forecasts, balance sheet analysis, and past collection experience. For more information about the customers that represent our accounts receivable balance, see "</font><font style="font-family:Intel Clear,sans-serif;font-size:9pt;color:#333333;">Note 4: Operating Segments</font><font style="font-family:Intel Clear,sans-serif;font-size:9pt;color:#333333;">."</font></div><div style="line-height:120%;padding-bottom:12px;font-size:9pt;"><font style="font-family:Intel Clear,sans-serif;font-size:9pt;color:#333333;">We have adopted credit policies and standards intended to accommodate industry growth and inherent risk. We believe that credit risks are moderated by the financial stability of our major customers. </font><font style="font-family:Intel Clear,sans-serif;font-size:9pt;color:#333333;">We assess credit risk through quantitative and qualitative analysis. From this analysis, we establish shipping and credit limits, and determine whether we will seek to use one or more credit support protection devices, such as obtaining a parent guarantee, standby letter of credit, or credit insurance.</font></div></div>

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