2012 Q1 Form 10-Q Financial Statement
#000119312512212253 Filed on May 04, 2012
Income Statement
Concept | 2012 Q1 | 2011 Q2 |
---|---|---|
Revenue | $12.91B | $12.85B |
YoY Change | 19.34% | |
Cost Of Revenue | $4.641B | $4.962B |
YoY Change | 40.57% | |
Gross Profit | $8.265B | $7.885B |
YoY Change | 8.98% | |
Gross Profit Margin | 64.04% | 61.38% |
Selling, General & Admin | $1.973B | $1.775B |
YoY Change | 12.06% | |
% of Gross Profit | 23.87% | 22.51% |
Research & Development | $2.401B | $1.916B |
YoY Change | 15.01% | |
% of Gross Profit | 29.05% | 24.3% |
Depreciation & Amortization | $1.519B | $1.442B |
YoY Change | 25.5% | |
% of Gross Profit | 18.38% | 18.29% |
Operating Expenses | $4.455B | $3.727B |
YoY Change | 14.54% | |
Operating Profit | $3.810B | $4.158B |
YoY Change | 4.45% | |
Interest Expense | $31.00M | $25.00M |
YoY Change | -80.92% | |
% of Operating Profit | 0.81% | 0.6% |
Other Income/Expense, Net | $55.00M | $202.0M |
YoY Change | 124.44% | |
Pretax Income | $3.814B | $4.371B |
YoY Change | 4.44% | |
Income Tax | $1.076B | $1.211B |
% Of Pretax Income | 28.21% | 27.71% |
Net Earnings | $2.738B | $3.160B |
YoY Change | 9.46% | |
Net Earnings / Revenue | 21.21% | 24.6% |
Basic Earnings Per Share | $0.55 | |
Diluted Earnings Per Share | $0.53 | $563.7K |
COMMON SHARES | ||
Basic Shares Outstanding | 4.999B shares | |
Diluted Shares Outstanding | 5.192B shares |
Balance Sheet
Concept | 2012 Q1 | 2011 Q2 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $9.441B | $11.98B |
YoY Change | -34.56% | |
Cash & Equivalents | $4.429B | $4.188B |
Short-Term Investments | $5.012B | $7.790B |
Other Short-Term Assets | $1.348B | $3.176B |
YoY Change | 33.11% | |
Inventory | $4.489B | $4.099B |
Prepaid Expenses | ||
Receivables | $4.037B | $3.542B |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $25.42B | $22.80B |
YoY Change | -13.86% | |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $25.03B | $19.56B |
YoY Change | 15.42% | |
Goodwill | $9.388B | |
YoY Change | ||
Intangibles | $6.064B | |
YoY Change | ||
Long-Term Investments | $1.602B | $5.625B |
YoY Change | -26.37% | |
Other Assets | $4.600B | $1.632B |
YoY Change | 18.43% | |
Total Long-Term Assets | $46.40B | $42.76B |
YoY Change | 36.92% | |
TOTAL ASSETS | ||
Total Short-Term Assets | $25.42B | $22.80B |
Total Long-Term Assets | $46.40B | $42.76B |
Total Assets | $71.82B | $65.55B |
YoY Change | 13.63% | |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $2.993B | $2.757B |
YoY Change | 29.68% | |
Accrued Expenses | $6.585B | $6.212B |
YoY Change | 23.89% | |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | $362.0M | $54.00M |
YoY Change | -74.88% | |
Total Short-Term Liabilities | $11.94B | $11.57B |
YoY Change | 45.71% | |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $7.088B | $2.083B |
YoY Change | 1.21% | |
Other Long-Term Liabilities | $3.235B | $2.772B |
YoY Change | 118.44% | |
Total Long-Term Liabilities | $10.32B | $4.855B |
YoY Change | 45.93% | |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $11.94B | $11.57B |
Total Long-Term Liabilities | $10.32B | $4.855B |
Total Liabilities | $22.26B | $18.20B |
YoY Change | 53.61% | |
SHAREHOLDERS EQUITY | ||
Retained Earnings | $28.98B | |
YoY Change | ||
Common Stock | ||
YoY Change | ||
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $46.76B | $47.35B |
YoY Change | ||
Total Liabilities & Shareholders Equity | $71.82B | $65.55B |
YoY Change | 13.63% |
Cashflow Statement
Concept | 2012 Q1 | 2011 Q2 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $2.738B | $3.160B |
YoY Change | 9.46% | |
Depreciation, Depletion And Amortization | $1.519B | $1.442B |
YoY Change | 25.5% | |
Cash From Operating Activities | $2.972B | $4.013B |
YoY Change | 15.12% | |
INVESTING ACTIVITIES | ||
Capital Expenditures | $2.974B | -$2.723B |
YoY Change | 159.83% | |
Acquisitions | $176.0M | |
YoY Change | ||
Other Investing Activities | -$63.00M | $2.079B |
YoY Change | -325.49% | |
Cash From Investing Activities | -$2.111B | -$644.0M |
YoY Change | -67.31% | |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | $1.519B | |
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | -$1.495B | -4.688B |
YoY Change | 373.54% | |
NET CHANGE | ||
Cash From Operating Activities | $2.972B | 4.013B |
Cash From Investing Activities | -$2.111B | -644.0M |
Cash From Financing Activities | -$1.495B | -4.688B |
Net Change In Cash | -$634.0M | -1.319B |
YoY Change | -350.76% | |
FREE CASH FLOW | ||
Cash From Operating Activities | $2.972B | $4.013B |
Capital Expenditures | $2.974B | -$2.723B |
Free Cash Flow | -$2.000M | $6.736B |
YoY Change | 48.57% |
Facts In Submission
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CY2012Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
2972000000 | USD |
CY2012Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
2974000000 | USD |
CY2012Q1 | us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
176000000 | USD |
CY2012Q1 | us-gaap |
Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
|
1529000000 | USD |
CY2012Q1 | us-gaap |
Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
|
333000000 | USD |
CY2012Q1 | us-gaap |
Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
|
1827000000 | USD |
CY2012Q1 | us-gaap |
Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
|
4303000000 | USD |
CY2012Q1 | us-gaap |
Proceeds From Sale Maturity And Collection Of Shortterm Investments
ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments
|
4567000000 | USD |
CY2012Q1 | intc |
Collection Of Loans Receivable
CollectionOfLoansReceivable
|
133000000 | USD |
CY2012Q1 | intc |
Investments In Non Marketable Equity Investments
InvestmentsInNonMarketableEquityInvestments
|
116000000 | USD |
CY2012Q1 | intc |
Return Of Equity Method Investments
ReturnOfEquityMethodInvestments
|
67000000 | USD |
CY2012Q1 | us-gaap |
Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
|
0 | USD |
CY2012Q1 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
-60000000 | USD |
CY2012Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-2111000000 | USD |
CY2012Q1 | us-gaap |
Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
|
115000000 | USD |
CY2012Q1 | intc |
Proceeds From Government Grants
ProceedsFromGovernmentGrants
|
0 | USD |
CY2012Q1 | us-gaap |
Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
19000000 | USD |
CY2012Q1 | us-gaap |
Proceeds From Stock Plans
ProceedsFromStockPlans
|
1244000000 | USD |
CY2012Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
1519000000 | USD |
CY2012Q1 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
1049000000 | USD |
CY2012Q1 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
-305000000 | USD |
CY2012Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-1495000000 | USD |
us-gaap |
Disposal Group Not Discontinued Operation Gain Loss On Disposal
DisposalGroupNotDiscontinuedOperationGainLossOnDisposal
|
164000000 | USD | |
CY2012Q1 | us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
|
-2000000 | USD |
CY2012Q1 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-636000000 | USD |
CY2012Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
0 | USD |
CY2012Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
376000000 | USD |
us-gaap |
Interest Paid Net
InterestPaidNet
|
0 | USD | |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
269000000 | USD | |
us-gaap |
Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
|
5172000000 | USD | |
us-gaap |
Depreciation
Depreciation
|
1287000000 | USD | |
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
4006000000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
4013000000 | USD | |
us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
-1401000000 | USD | |
intc |
Proceeds From Government Grants
ProceedsFromGovernmentGrants
|
56000000 | USD | |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
155000000 | USD | |
us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
-133000000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-4688000000 | USD | |
us-gaap |
Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
1000000 | USD | |
us-gaap |
Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
|
7594000000 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
300000000 | USD | |
us-gaap |
Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
|
1540000000 | USD | |
us-gaap |
Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
|
3569000000 | USD | |
us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
994000000 | USD | |
us-gaap |
Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
|
853000000 | USD | |
us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-1310000000 | USD | |
us-gaap |
Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
|
16000000 | USD | |
intc |
Return Of Equity Method Investments
ReturnOfEquityMethodInvestments
|
24000000 | USD | |
us-gaap |
Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
|
1000000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-644000000 | USD | |
us-gaap |
Proceeds From Sale Maturity And Collection Of Shortterm Investments
ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments
|
2578000000 | USD | |
intc |
Collection Of Loans Receivable
CollectionOfLoansReceivable
|
0 | USD | |
us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
0 | USD | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
504000000 | USD | |
us-gaap |
Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
|
1032000000 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
2723000000 | USD | |
us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
8216000000 | USD | |
us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
-133000000 | USD | |
us-gaap |
Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
|
-109000000 | USD | |
us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
|
9000000 | USD | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
251000000 | USD | |
intc |
Investments In Non Marketable Equity Investments
InvestmentsInNonMarketableEquityInvestments
|
147000000 | USD | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
404000000 | USD | |
us-gaap |
Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
|
50000000 | USD | |
us-gaap |
Proceeds From Stock Plans
ProceedsFromStockPlans
|
239000000 | USD | |
CY2010Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
5498000000 | USD |
CY2012Q1 | us-gaap |
Assets Fair Value Disclosure Recurring
AssetsFairValueDisclosureRecurring
|
15240000000 | USD |
CY2011Q4 | us-gaap |
Assets Fair Value Disclosure Recurring
AssetsFairValueDisclosureRecurring
|
16599000000 | USD |
CY2012Q1 | us-gaap |
Loans Receivable Fair Value Disclosure
LoansReceivableFairValueDisclosure
|
780000000 | USD |
CY2011Q4 | us-gaap |
Loans Receivable Fair Value Disclosure
LoansReceivableFairValueDisclosure
|
748000000 | USD |
CY2012Q1 | us-gaap |
Cost Method Investments
CostMethodInvestments
|
1116000000 | USD |
CY2012Q1 | intc |
Long Term Debt Held At Amortized Cost Including Current Portion Aggregate Carrying Amount
LongTermDebtHeldAtAmortizedCostIncludingCurrentPortionAggregateCarryingAmount
|
6960000000 | USD |
CY2012Q1 | us-gaap |
Commercial Paper
CommercialPaper
|
273000000 | USD |
CY2011Q4 | us-gaap |
Commercial Paper
CommercialPaper
|
200000000 | USD |
CY2011Q4 | intc |
Long Term Debt Held At Amortized Cost Including Current Portion Aggregate Carrying Amount
LongTermDebtHeldAtAmortizedCostIncludingCurrentPortionAggregateCarryingAmount
|
6953000000 | USD |
CY2011Q4 | us-gaap |
Cost Method Investments
CostMethodInvestments
|
1129000000 | USD |
CY2011Q4 | intc |
Loans Receivable Held At Amortized Cost Aggregate Carrying Amount
LoansReceivableHeldAtAmortizedCostAggregateCarryingAmount
|
132000000 | USD |
CY2012Q1 | us-gaap |
Cost Method Investments Fair Value Disclosure
CostMethodInvestmentsFairValueDisclosure
|
1697000000 | USD |
CY2012Q1 | intc |
Long Term Debt Held At Amortized Cost Including Current Portion Aggregate Fair Value
LongTermDebtHeldAtAmortizedCostIncludingCurrentPortionAggregateFairValue
|
7843000000 | USD |
CY2012Q1 | intc |
Commercial Paper Fair Value
CommercialPaperFairValue
|
273000000 | USD |
CY2011Q4 | us-gaap |
Cost Method Investments Fair Value Disclosure
CostMethodInvestmentsFairValueDisclosure
|
1861000000 | USD |
CY2011Q4 | intc |
Loans Receivable Held At Amortized Cost Aggregate Fair Value
LoansReceivableHeldAtAmortizedCostAggregateFairValue
|
132000000 | USD |
CY2011Q4 | intc |
Long Term Debt Held At Amortized Cost Including Current Portion Aggregate Fair Value
LongTermDebtHeldAtAmortizedCostIncludingCurrentPortionAggregateFairValue
|
7735000000 | USD |
CY2011Q4 | intc |
Commercial Paper Fair Value
CommercialPaperFairValue
|
200000000 | USD |
CY2012Q1 | us-gaap |
Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
|
9367000000 | USD |
CY2012Q1 | us-gaap |
Availableforsale Securities Gross Unrealized Gain
AvailableforsaleSecuritiesGrossUnrealizedGain
|
628000000 | USD |
CY2012Q1 | us-gaap |
Available For Sale Securities Gross Unrealized Losses1
AvailableForSaleSecuritiesGrossUnrealizedLosses1
|
12000000 | USD |
CY2012Q1 | us-gaap |
Available For Sale Securities
AvailableForSaleSecurities
|
9983000000 | USD |
CY2011Q4 | us-gaap |
Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
|
10672000000 | USD |
CY2011Q4 | us-gaap |
Availableforsale Securities Gross Unrealized Gain
AvailableforsaleSecuritiesGrossUnrealizedGain
|
400000000 | USD |
CY2011Q4 | us-gaap |
Available For Sale Securities Gross Unrealized Losses1
AvailableForSaleSecuritiesGrossUnrealizedLosses1
|
41000000 | USD |
CY2011Q4 | us-gaap |
Available For Sale Securities
AvailableForSaleSecurities
|
11031000000 | USD |
CY2012Q1 | us-gaap |
Available For Sale Equity Securities Amortized Cost Basis
AvailableForSaleEquitySecuritiesAmortizedCostBasis
|
208000000 | USD |
CY2011Q4 | us-gaap |
Available For Sale Equity Securities Amortized Cost Basis
AvailableForSaleEquitySecuritiesAmortizedCostBasis
|
189000000 | USD |
CY2011Q4 | us-gaap |
Available For Sale Securities Equity Securities
AvailableForSaleSecuritiesEquitySecurities
|
562000000 | USD |
CY2012Q1 | us-gaap |
Available For Sale Securities Equity Securities
AvailableForSaleSecuritiesEquitySecurities
|
819000000 | USD |
CY2012Q1 | us-gaap |
Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
|
8187000000 | USD |
CY2012Q1 | intc |
Available For Sale Securities Debt Maturities Due In One To Two Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesDueInOneToTwoYearsAmortizedCost
|
218000000 | USD |
CY2012Q1 | intc |
Available For Sale Securities Debt Maturities Due In Two To Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesDueInTwoToFiveYearsAmortizedCost
|
262000000 | USD |
CY2012Q1 | intc |
Due After Five Years Cost
DueAfterFiveYearsCost
|
3000000 | USD |
CY2012Q1 | us-gaap |
Available For Sale Securities Debt Maturities Without Single Maturity Date Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateAmortizedCost
|
489000000 | USD |
CY2012Q1 | us-gaap |
Available For Sale Securities Debt Maturities Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAmortizedCost
|
9159000000 | USD |
CY2012Q1 | us-gaap |
Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
|
8194000000 | USD |
CY2012Q1 | intc |
Available For Sale Securities Debt Maturities Due In One To Two Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesDueInOneToTwoYearsFairValue
|
223000000 | USD |
CY2012Q1 | intc |
Available For Sale Securities Debt Maturities Due In Two To Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesDueInTwoToFiveYearsFairValue
|
259000000 | USD |
CY2012Q1 | intc |
Due After Five Years Fair Value
DueAfterFiveYearsFairValue
|
2000000 | USD |
CY2012Q1 | us-gaap |
Available For Sale Securities Debt Maturities Without Single Maturity Date Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue
|
486000000 | USD |
CY2012Q1 | us-gaap |
Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
|
9164000000 | USD |
us-gaap |
Available For Sale Securities Gross Realized Gains Losses Sale Proceeds
AvailableForSaleSecuritiesGrossRealizedGainsLossesSaleProceeds
|
7600000000 | USD | |
CY2012Q1 | us-gaap |
Available For Sale Securities Gross Realized Gains Losses Sale Proceeds
AvailableForSaleSecuritiesGrossRealizedGainsLossesSaleProceeds
|
333000000 | USD |
us-gaap |
Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
|
28000000 | USD | |
CY2012Q1 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
|
252000000 | USD |
CY2012Q1 | intc |
Net Gains Losses Reclassified From Accumulated Other Comprehensive Income Loss Into Earnings
NetGainsLossesReclassifiedFromAccumulatedOtherComprehensiveIncomeLossIntoEarnings
|
-5000000 | USD |
us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
|
36000000 | USD | |
intc |
Net Gains Losses Reclassified From Accumulated Other Comprehensive Income Loss Into Earnings
NetGainsLossesReclassifiedFromAccumulatedOtherComprehensiveIncomeLossIntoEarnings
|
44000000 | USD | |
CY2012Q1 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
2048000000 | USD |
CY2011Q4 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
1680000000 | USD |
CY2012Q1 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
1795000000 | USD |
CY2011Q4 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
1772000000 | USD |
CY2012Q1 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
646000000 | USD |
CY2011Q4 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
644000000 | USD |
CY2012Q1 | invest |
Derivative Notional Amount
DerivativeNotionalAmount
|
19189000000 | USD |
CY2011Q4 | invest |
Derivative Notional Amount
DerivativeNotionalAmount
|
19233000000 | USD |
CY2011Q2 | invest |
Derivative Notional Amount
DerivativeNotionalAmount
|
16845000000 | USD |
CY2012Q1 | us-gaap |
Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet
|
-74000000 | USD |
us-gaap |
Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet
|
204000000 | USD | |
CY2012Q1 | us-gaap |
Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
|
-12000000 | USD |
us-gaap |
Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
|
48000000 | USD | |
CY2012Q1 | us-gaap |
Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
|
-55000000 | USD |
CY2012Q1 | us-gaap |
Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
|
821000000 | USD |
CY2012Q1 | us-gaap |
Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
|
314000000 | USD |
CY2012Q1 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
1602000000 | USD |
CY2012Q1 | us-gaap |
Notes And Loans Receivable Net Noncurrent
NotesAndLoansReceivableNetNoncurrent
|
747000000 | USD |
CY2012Q1 | us-gaap |
Cost Method Investments Aggregate Carrying Amount
CostMethodInvestmentsAggregateCarryingAmount
|
1116000000 | USD |
CY2011Q4 | us-gaap |
Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
|
335000000 | USD |
CY2011Q4 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
1669000000 | USD |
CY2011Q4 | us-gaap |
Cost Method Investments Aggregate Carrying Amount
CostMethodInvestmentsAggregateCarryingAmount
|
1129000000 | USD |
CY2011Q4 | us-gaap |
Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
|
800000000 | USD |
CY2011Q4 | us-gaap |
Notes And Loans Receivable Net Noncurrent
NotesAndLoansReceivableNetNoncurrent
|
715000000 | USD |
CY2012Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
-19000000 | USD |
CY2012Q1 | intc |
Equity Investment Other Than Temporary Impairment
EquityInvestmentOtherThanTemporaryImpairment
|
59000000 | USD |
CY2012Q1 | intc |
Other Net Equity Investments
OtherNetEquityInvestments
|
29000000 | USD |
intc |
Equity Investment Other Than Temporary Impairment
EquityInvestmentOtherThanTemporaryImpairment
|
14000000 | USD | |
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
-62000000 | USD | |
intc |
Other Net Equity Investments
OtherNetEquityInvestments
|
59000000 | USD | |
CY2012Q1 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
28000000 | USD |
CY2012Q1 | us-gaap |
Interest Expense
InterestExpense
|
31000000 | USD |
CY2012Q1 | intc |
Other Net Interest And Other
OtherNetInterestAndOther
|
26000000 | USD |
CY2012Q1 | us-gaap |
Interest Costs Capitalized
InterestCostsCapitalized
|
50000000 | USD |
us-gaap |
Interest Costs Capitalized
InterestCostsCapitalized
|
44000000 | USD | |
us-gaap |
Interest Expense
InterestExpense
|
6000000 | USD | |
us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
28000000 | USD | |
intc |
Other Net Interest And Other
OtherNetInterestAndOther
|
163000000 | USD | |
CY2012Q1 | us-gaap |
Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
|
114000000 | USD |
CY2012Q1 | us-gaap |
Goodwill Translation Adjustments
GoodwillTranslationAdjustments
|
20000000 | USD |
CY2011Q4 | us-gaap |
Goodwill
Goodwill
|
9254000000 | USD |
CY2012Q1 | us-gaap |
Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
|
713000000 | USD |
CY2011Q4 | us-gaap |
Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
|
713000000 | USD |
CY2012Q1 | us-gaap |
Goodwill
Goodwill
|
9388000000 | USD |
CY2012Q1 | intc |
Intangible Assets Gross
IntangibleAssetsGross
|
7867000000 | USD |
CY2011Q4 | intc |
Intangible Assets Gross
IntangibleAssetsGross
|
7819000000 | USD |
CY2012Q1 | intc |
Deferred Income On Shipments To Distributors
DeferredIncomeOnShipmentsToDistributors
|
814000000 | USD |
CY2012Q1 | intc |
Deferred Income From Software And Services Operating Segments
DeferredIncomeFromSoftwareAndServicesOperatingSegments
|
1187000000 | USD |
CY2012Q1 | intc |
Non Current Deferred Income From Software And Services Operating Segments
NonCurrentDeferredIncomeFromSoftwareAndServicesOperatingSegments
|
436000000 | USD |
CY2012Q1 | intc |
Total Deferred Income
TotalDeferredIncome
|
2437000000 | USD |
CY2011Q4 | intc |
Total Deferred Income
TotalDeferredIncome
|
2389000000 | USD |
CY2011Q4 | intc |
Deferred Income On Shipments To Distributors
DeferredIncomeOnShipmentsToDistributors
|
751000000 | USD |
CY2011Q4 | intc |
Deferred Income From Software And Services Operating Segments
DeferredIncomeFromSoftwareAndServicesOperatingSegments
|
1178000000 | USD |
CY2011Q4 | intc |
Non Current Deferred Income From Software And Services Operating Segments
NonCurrentDeferredIncomeFromSoftwareAndServicesOperatingSegments
|
460000000 | USD |
CY2011Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
298300000 | shares |
CY2012Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
|
3800000 | shares |
CY2012Q1 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
50100000 | shares |
CY2012Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
1400000 | shares |
CY2012Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
|
900000 | shares |
CY2012Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
249700000 | shares |
CY2011Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
203600000 | shares |
CY2012Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
155500000 | shares |
CY2011Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
20.12 | |
CY2012Q1 | intc |
Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
|
21.34 | |
CY2012Q1 | intc |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
20.90 | |
CY2012Q1 | intc |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
26.79 | |
CY2012Q1 | intc |
Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
|
30.01 | |
CY2012Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
20.02 | |
CY2011Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
20.44 | |
CY2012Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
20.21 | |
CY2012Q1 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
126000000 | shares |
CY2012Q1 | us-gaap |
Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
|
67000000 | shares |
intc |
Net Income Available To Common Stockholders
NetIncomeAvailableToCommonStockholders
|
3160000000 | USD | |
us-gaap |
Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
|
52000000 | shares | |
CY2012Q1 | intc |
Net Income Available To Common Stockholders
NetIncomeAvailableToCommonStockholders
|
2738000000 | USD |
us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
102000000 | shares | |
CY2012Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
397000000 | USD |
CY2012Q1 | intc |
Accumulated Other Comprehensive Income Loss Net Change In Deferred Tax Asset Valuation Allowance
AccumulatedOtherComprehensiveIncomeLossNetChangeInDeferredTaxAssetValuationAllowance
|
104000000 | USD |
CY2012Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
|
-26000000 | USD |
CY2012Q1 | intc |
Accumulated Other Comprehensive Income Loss Net Prior Service Cost Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetPriorServiceCostNetOfTax
|
-31000000 | USD |
CY2012Q1 | intc |
Accumulated Other Comprehensive Income Loss Net Actuarial Gains Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetActuarialGainsLossNetOfTax
|
-934000000 | USD |
CY2012Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
|
-114000000 | USD |
CY2011Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
|
8000000 | USD |
CY2011Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
|
-142000000 | USD |
CY2011Q4 | intc |
Accumulated Other Comprehensive Income Loss Net Change In Deferred Tax Asset Valuation Allowance
AccumulatedOtherComprehensiveIncomeLossNetChangeInDeferredTaxAssetValuationAllowance
|
104000000 | USD |
CY2011Q4 | intc |
Accumulated Other Comprehensive Income Loss Net Actuarial Gains Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetActuarialGainsLossNetOfTax
|
-950000000 | USD |
CY2011Q4 | intc |
Accumulated Other Comprehensive Income Loss Net Prior Service Cost Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetPriorServiceCostNetOfTax
|
-32000000 | USD |
CY2011Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
231000000 | USD |
CY2012Q1 | us-gaap |
Loss Contingency Disclosures
LossContingencyDisclosures
|
<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times;font-size:10pt;font-weight:bold;margin-left:0px;">Note </font><font style="font-family:Times;font-size:10pt;font-weight:bold;">20</font><font style="font-family:Times;font-size:10pt;font-weight:bold;">: Contingencies</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times;font-size:10pt;font-weight:bold;font-style:italic;margin-left:0px;">Legal Proceedings</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times;font-size:10pt;margin-left:0px;">We are currently a party to various legal proceedings, including those noted in this section. While management presently believes that the ultimate outcome of these proceedings, individually and in the aggregate, will not materially harm the company's 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, and in matters for which injunctive relief or other conduct remedies are sought, 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 such as compulsory licensing of intellectual property rights (IP). Were unfavorable final outcomes to occur, there exists the possibility of a material adverse impact on our business, results of operations, financial position, and overall trends. </font><font style="font-family:Times;font-size:10pt;">It is also possible that we could conclude it is in the best interests of our stockholders, employees, and customers to settle one or more such matters, and any such settlement could include substantial payments; however, we have not reached this conclusion with respect to any particular matter at this time.</font><font style="font-family:Times;font-size:10pt;"> </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times;font-size:10pt;margin-left:0px;">A number of proceedings generally have challenged and continue to challenge certain of our competitive practices. The allegations in these proceedings vary and are described in more detail in the following paragraphs, but in general contend that we improperly condition price rebates and other discounts on our microprocessors on exclusive or near-exclusive dealing by some of our customers; claim that our software compiler business unfairly prefers Intel microprocessors over competing microprocessors and that, through the use of our compiler and other means, we have caused inaccurate and misleading benchmark results concerning our microprocessors to be disseminated; allege that we unfairly controlled the content and timing of release of various standard computer interfaces developed by Intel in cooperation with other industry participants; and accuse us of engaging in various acts of improper competitive activity in competing against what is referred to as general-purpose graphics processing units, including certain licensing practices and our actions in connection with developing and disclosing potentially competitive technology. </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times;font-size:10pt;margin-left:0px;">We believe that we compete lawfully and that our marketing, business, IP, and other challenged practices benefit our customers and our stockholders, and we will continue to conduct a vigorous defense in these proceedings. While we have settled some of these matters, the distractions caused by challenges to our conduct from the remaining matters are undesirable, and the legal and other costs associated with defending and resolving our position have been and continue to be significant. We assume that these challenges could continue for a number of years and may require the investment of substantial additional management time and substantial financial resources to explain and defend our position. </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times;font-size:10pt;font-style:italic;margin-left:0px;">Government Competition Matters and Related Consumer Class Actions</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times;font-size:10pt;margin-left:0px;">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 have received numerous requests for information and documents from the EC, and we have 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.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times;font-size:10pt;margin-left:0px;">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 €</font><font style="font-family:Times;font-size:10pt;">1.06</font><font style="font-family:Times;font-size:10pt;"> billion ($</font><font style="font-family:Times;font-size:10pt;">1.447</font><font style="font-family:Times;font-size:10pt;"> billion as of May 2009), which we subsequently paid during the third quarter of 2009, and also ordered us to “immediately bring to an end the infringement referred to in” the EC decision. In the second quarter of 2009, </font><font style="font-family:Times;font-size:10pt;">we recorded the related charge within marketing, general and administrative. </font><font style="font-family:Times;font-size:10pt;">We strongly disagree with the EC's decision, and we appealed the decision to the Court of First Instance (which has been renamed the General Court) in July 2009. </font><font style="font-family:Times;font-size:10pt;">A hearing of Intel's appeal has been set to commence </font><font style="font-family:Times;font-size:10pt;">i</font><font style="font-family:Times;font-size:10pt;">n July 2012. </font><font style="font-family:Times;font-size:10pt;">The court's decision, after oral argument, is expected in late 2012 or early 2013. </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times;font-size:10pt;margin-left:0px;">The EC decision exceeds 500 pages and does not contain specific direction on whether or how we should modify our business practices. Instead, the decision states that we should “cease and desist” from further conduct that, in the EC's opinion, would violate applicable law. We have taken steps, which are subject to the EC's ongoing review, to comply with that decision pending appeal. We opened discussions with the EC to better understand the decision and to explain changes to our business practices. Based on our current understanding and expectations, we do not believe that any such changes will be material to our financial position, results, or cash flows. </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times;font-size:10pt;margin-left:0px;">In June 2005, we received an inquiry from the Korea Fair Trade Commission (KFTC) requesting documents from our Korean subsidiary related to marketing and rebate programs that we entered into with Korean PC manufacturers. In February 2006, the KFTC initiated an inspection of documents at our offices in Korea. In September 2007, the KFTC served on us an Examination Report alleging that sales to two customers during parts of 2002–2005 violated Korea's Monopoly Regulation and Fair Trade Act. In December 2007, we submitted our written response to the KFTC. In February 2008, the KFTC's examiner submitted a written reply to our response. In March 2008, we submitted a further response. In April 2008, we participated in a pre-hearing conference before the KFTC, and we participated in formal hearings in May and June 2008. In June 2008, the KFTC announced its intent to fine us approximately $</font><font style="font-family:Times;font-size:10pt;">25</font><font style="font-family:Times;font-size:10pt;"> million for providing discounts to Samsung Electronics Co., Ltd. and TriGem Computer Inc. In November 2008, the KFTC issued a final written decision concluding that our discounts had violated Korean antitrust law and imposing a fine on us of approximately $</font><font style="font-family:Times;font-size:10pt;">20</font><font style="font-family:Times;font-size:10pt;"> million, which we paid in January 2009. In December 2008, we appealed this decision by filing a lawsuit in the Seoul High Court seeking to overturn the KFTC's decision. We expect a decision from the court in 2012.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times;font-size:10pt;margin-left:0px;">At least 82 separate class actions have been filed in the U.S. District Courts for the Northern District of California, Southern District of California, District of Idaho, District of Nebraska, District of New Mexico, District of Maine, and District of Delaware, as well as in various California, Kansas, and Tennessee state courts. These actions generally repeat </font><font style="font-family:Times;font-size:10pt;">the allegations made in a now-settled lawsuit filed against Intel by AMD in June 2005 in the U.S. District Court for the District of Delaware (AMD litigation). Like the AMD litigation, these class-action suits allege that Intel engaged in various actions in violation of the Sherman Act and other laws by, among other things, providing discounts and rebates to our manufacturer and distributor customers conditioned on exclusive or near-exclusive dealings that allegedly unfairly interfered with AMD's ability to sell its microprocessors, interfering with certain AMD product launches, and interfering with AMD's participation in certain industry standards-setting groups. </font><font style="font-family:Times;font-size:10pt;">The </font><font style="font-family:Times;font-size:10pt;">class actions allege </font><font style="font-family:Times;font-size:10pt;">various consumer injuries, including that consumers in various states have been injured by paying higher prices for computers containing our microprocessors. </font><font style="font-family:Times;font-size:10pt;">We dispute the class-action claims and intend to defend the lawsuits vigorously.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times;font-size:10pt;margin-left:0px;">All of the federal class actions and the Kansas and Tennessee state court class actions have been transferred by the Multidistrict Litigation Panel to the U.S. District Court in Delaware for all pre-trial proceedings and discovery (MDL proceedings). The Delaware district court has appointed a Special Master to address issues in the MDL proceedings, as assigned by the court. In January 2010, the plaintiffs in the Delaware action filed a motion for sanctions for our alleged failure to preserve evidence. This motion largely copies a motion previously filed by AMD in the AMD litigation, which has settled. The plaintiffs in the MDL proceedings also moved for certification of a class of members who purchased certain PCs containing products sold by Intel. In July 2010, the Special Master issued a Report and Recommendation (Class Report) denying the motion to certify a class. The MDL plaintiffs filed objections to the Special Master's Class Report, and a hearing on these objections was held in March 2011. </font><font style="font-family:Times;font-size:10pt;">The Delaware district court has not yet ruled on those objections. </font><font style="font-family:Times;font-size:10pt;">All California class actions have been consolidated in the Superior Court of California in Santa Clara County. The plaintiffs in the California actions have moved for class certification, which we are in the process of opposing. At our request, the court in the California actions has agreed to delay ruling on this motion until after the Delaware district court rules on the similar motion in the MDL proceedings. Based on the procedural posture and the nature of the cases, including, but not limited to, the fact that the Special Master's Class Report is on review in the Delaware district court, we are unable to make a reasonable estimate of the potential loss or range of losses, if any, arising from these matters.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times;font-size:10pt;font-style:italic;margin-left:0px;">Lehman Matter</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times;font-size:10pt;margin-left:0px;">In November 2009, representatives of the Lehman Brothers OTC Derivatives Inc. (LOTC) bankruptcy estate advised us informally that the estate was considering a claim against us arising from a 2008 contract between Intel and LOTC. Under the terms of the 2008 contract, Intel prepaid $</font><font style="font-family:Times;font-size:10pt;">1.0</font><font style="font-family:Times;font-size:10pt;"> billion to LOTC, in exchange for which LOTC was required to purchase and deliver to Intel the number of shares of Intel common stock that could be purchased for $</font><font style="font-family:Times;font-size:10pt;">1.0</font><font style="font-family:Times;font-size:10pt;"> billion at the discounted volume-weighted average price specified in the contract for the period September 2, 2008 to September 26, 2008. LOTC's performance under the contract was secured by $</font><font style="font-family:Times;font-size:10pt;">1.0</font><font style="font-family:Times;font-size:10pt;"> billion of cash collateral. Under the terms of the contract, LOTC was obligated to deliver approximately </font><font style="font-family:Times;font-size:10pt;">50</font><font style="font-family:Times;font-size:10pt;"> million shares of our common stock to us on September 29, 2008. LOTC failed to deliver any shares of our common stock, and we exercised our right to setoff against the $</font><font style="font-family:Times;font-size:10pt;">1.0</font><font style="font-family:Times;font-size:10pt;"> billion collateral. LOTC has not initiated any action against us to date, but in February 2010, LOTC served a subpoena on us in connection with this transaction. In October 2010, LOTC demanded that Intel pay it at least $</font><font style="font-family:Times;font-size:10pt;">417</font><font style="font-family:Times;font-size:10pt;"> million. In September 2010, we entered into an agreement with LOTC that tolled any applicable statutes of limitations for 90 days and precluded the parties from commencing any formal proceedings to prosecute any claims against each other in any forum during that period. The tolling agreement with LOTC was extended several times, but lapsed in June 2011. We continue to believe that we acted appropriately under our agreement with LOTC, and we intend to defend any claim to the contrary. </font><font style="font-family:Times;font-size:10pt;">No complaint has been filed and we are in </font><font style="font-family:Times;font-size:10pt;">the</font><font style="font-family:Times;font-size:10pt;"> early stages of evaluating this dispute, and accordingly </font><font style="font-family:Times;font-size:10pt;">are unable </font><font style="font-family:Times New Roman;font-size:10pt;">to make a reasonable estimate of the potential loss or range of losses, if any, arising from this matter</font><font style="font-family:Times;font-size:10pt;">.</font></p> |