10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

þ	QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
	For the quarterly period ended September 26, 2015.

Or

¨	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
	For the transition period from  to

Commission File Number 000-06217

INTEL CORPORATION

(Exact name of registrant as specified in its charter)

Delaware	94-1672743
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)
2200 Mission College Boulevard, Santa Clara, California	95054-1549
(Address of principal executive offices)	(Zip Code)

(408) 765-8080

(Registrant’s telephone number, including area code)

N/A

(Former name, former address and former fiscal year, if changed since last report)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes  þ    No  ¨

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    Yes  þ    No  ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer þ	Accelerated filer  ¨	Non-accelerated filer  ¨	Smaller reporting company  ¨
		(Do not check if a smaller reporting company)

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes  ¨    No  þ

Shares outstanding of the Registrant’s common stock:

Class	Outstanding as of October 16, 2015
Common stock, $0.001 par value	4,719 million

PART I – FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

INTEL CORPORATION

CONSOLIDATED CONDENSED STATEMENTS OF INCOME (Unaudited)

	Three Months Ended						Nine Months Ended
(In Millions, Except Per Share Amounts)	Sep 26, 2015			Sep 27, 2014			Sep 26, 2015			Sep 27, 2014
Net revenue	$	14,465		$	14,554		$	40,441		$	41,149
Cost of sales	5,354			5,096			15,352			15,161
Gross margin	9,111			9,458			25,089			25,988
Research and development	2,927			2,842			9,009			8,547
Marketing, general and administrative	1,910			1,979			5,812			6,087
Restructuring and asset impairment charges	14			20			367			238
Amortization of acquisition-related intangibles	68			77			198			222
Operating expenses	4,919			4,918			15,386			15,094
Operating income	4,192			4,540			9,703			10,894
Gains (losses) on equity investments, net	165			35			297			178
Interest and other, net	(104		)	(25		)	(91		)	70
Income before taxes	4,253			4,550			9,909			11,142
Provision for taxes	1,144			1,233			2,102			3,099
Net income	$	3,109		$	3,317		$	7,807		$	8,043
Basic earnings per share of common stock	$	0.65		$	0.68		$	1.64		$	1.63
Diluted earnings per share of common stock	$	0.64		$	0.66		$	1.59		$	1.58
Cash dividends declared per share of common stock	$	0.48		$	0.45		$	0.96		$	0.90
Weighted average shares of common stock outstanding:
Basic	4,747			4,880			4,749			4,945
Diluted	4,876			5,045			4,900			5,095

See accompanying notes.

2

INTEL CORPORATION

CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited)

	Three Months Ended						Nine Months Ended
(In Millions)	Sep 26, 2015			Sep 27, 2014			Sep 26, 2015			Sep 27, 2014
Net income	$	3,109		$	3,317		$	7,807		$	8,043
Other comprehensive income, net of tax:
Change in net unrealized holding gains (losses) on available-for-sale investments	(1,029		)	303			(943		)	217
Change in deferred tax asset valuation allowance	(5		)	(26		)	(13		)	(30		)
Change in net unrealized holding gains (losses) on derivatives	42			(184		)	89			(173		)
Change in net prior service (costs) credits	2			2			6			(41		)
Change in actuarial valuation	11			(148		)	30			(143		)
Change in net foreign currency translation adjustment	(1		)	(121		)	(170		)	(127		)
Other comprehensive income (loss)	(980		)	(174		)	(1,001		)	(297		)
Total comprehensive income	$	2,129		$	3,143		$	6,806		$	7,746

See accompanying notes.

3

INTEL CORPORATION

CONSOLIDATED CONDENSED BALANCE SHEETS (Unaudited)

(In Millions)	Sep 26, 2015			Dec 27, 2014
Assets
Current assets:
Cash and cash equivalents	$	7,065		$	2,561
Short-term investments	7,119			2,430
Trading assets	6,659			9,063
Accounts receivable, net	4,101			4,427
Inventories	4,965			4,273
Deferred tax assets	1,992			1,958
Other current assets	4,304			3,018
Total current assets	36,205			27,730
Property, plant and equipment, net of accumulated depreciation of $51,405 ($46,471 as of December 27, 2014)	31,597			33,238
Marketable equity securities	5,618			7,097
Other long-term investments	1,829			2,023
Goodwill	11,026			10,861
Identified intangible assets, net	4,022			4,446
Other long-term assets	8,255			6,505
Total assets	$	98,552		$	91,900
Liabilities, temporary equity, and stockholders’ equity
Current liabilities:
Short-term debt	$	1,129		$	1,596
Accounts payable	2,449			2,748
Accrued compensation and benefits	2,732			3,475
Accrued advertising	1,028			1,092
Deferred income	2,160			2,205
Other accrued liabilities	5,582			4,895
Total current liabilities	15,080			16,011
Long-term debt	20,059			12,059
Long-term deferred tax liabilities	2,502			3,775
Other long-term liabilities	2,909			3,278
Contingencies (Note 21)
Temporary equity	905			912
Stockholders’ equity:
Preferred stock	—			—
Common stock and capital in excess of par value, 4,731 issued and 4,730 outstanding (4,752 issued and 4,748 outstanding as of December 27, 2014)	23,001			21,781
Accumulated other comprehensive income (loss)	(335		)	666
Retained earnings	34,431			33,418
Total stockholders’ equity	57,097			55,865
Total liabilities, temporary equity, and stockholders’ equity	$	98,552		$	91,900

See accompanying notes.

4

INTEL CORPORATION

CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (Unaudited)

	Nine Months Ended
(In Millions)	Sep 26, 2015			Sep 27, 2014
Cash and cash equivalents, beginning of period	$	2,561		$	5,674
Cash flows provided by (used for) operating activities:
Net income	7,807			8,043
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	5,885			5,491
Share-based compensation	1,009			867
Restructuring and asset impairment charges	367			238
Excess tax benefit from share-based payment arrangements	(139		)	(109		)
Amortization of intangibles	680			884
(Gains) losses on equity investments, net	(245		)	(124		)
Deferred taxes	(1,093		)	(347		)
Changes in assets and liabilities:
Accounts receivable	332			(76		)
Inventories	(640		)	59
Accounts payable	(86		)	(292		)
Accrued compensation and benefits	(1,217		)	(408		)
Income taxes payable and receivable	774			(190		)
Other assets and liabilities	156			611
Total adjustments	5,783			6,604
Net cash provided by operating activities	13,590			14,647
Cash flows provided by (used for) investing activities:
Additions to property, plant and equipment	(4,998		)	(7,962		)
Acquisitions, net of cash acquired	(538		)	(193		)
Purchases of available-for-sale investments	(7,522		)	(6,077		)
Sales of available-for-sale investments	1,040			786
Maturities of available-for-sale investments	2,153			7,396
Purchases of trading assets	(7,943		)	(10,347		)
Maturities and sales of trading assets	10,465			9,541
Investments in loans receivable and reverse repurchase agreements	(2,550		)	(150		)
Collection of loans receivable and reverse repurchase agreements	466			117
Investments in non-marketable equity investments	(1,864		)	(1,330		)
Other investing	380			218
Net cash used for investing activities	(10,911		)	(8,001		)
Cash flows provided by (used for) financing activities:
Increase (decrease) in short-term debt, net	(473		)	(202		)
Excess tax benefit from share-based payment arrangements	139			109
Issuance of long-term debt, net of issuance costs	7,986			—
Proceeds from sales of common stock through employee equity incentive plans	696			1,566
Repurchase of common stock	(2,476		)	(6,792		)
Restricted stock unit withholdings	(416		)	(314		)
Payment of dividends to stockholders	(3,423		)	(3,340		)
Collateral associated with repurchase of common stock	325			—
Decrease in liability due to return of collateral associated with repurchase of common stock	(325		)	—
Other financing	(209		)	(199		)
Net cash provided by (used for) financing activities	1,824			(9,172		)
Effect of exchange rate fluctuations on cash and cash equivalents	1			(5		)
Net increase (decrease) in cash and cash equivalents	4,504			(2,531		)
Cash and cash equivalents, end of period	$	7,065		$	3,143
Supplemental disclosures of cash flow information:
Cash paid during the period for:
Interest, net of capitalized interest	$	60		$	59
Income taxes, net of refunds	$	2,301		$	3,579

See accompanying notes.

5

INTEL CORPORATION

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS — Unaudited

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 year ended December 27, 2014 and Form 8-K filed with the U.S. Securities and Exchange Commission (SEC) on June 5, 2015. We have reclassified certain prior period amounts to conform to current period presentation.

We have a 52- or 53-week fiscal year that ends on the last Saturday in December. Fiscal year 2016 is a 53-week fiscal year, and the first quarter of 2016 will be a 14-week quarter.

As a result of our integration of McAfee Inc. (McAfee) in the third quarter of 2015, the functional currency for operations previously acquired from McAfee was changed to U.S. dollar, making U.S. dollar the functional currency for Intel and our subsidiaries.

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 interim information should be read in conjunction with the consolidated financial statements in our Annual Report on Form 10-K for the year ended December 27, 2014 and as updated by the Form 8-K filed with the SEC on June 5, 2015.

Note 2: Recent Accounting Standards

In May 2014, the Financial Accounting Standards Board (FASB) issued a new standard to achieve a consistent application of revenue recognition within the U.S., resulting in a single revenue model to be applied by reporting companies under U.S. generally accepted accounting principles. Under the new model, recognition of revenue occurs when a customer obtains control of promised goods or services in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. In addition, the new standard requires that reporting companies disclose the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. On July 9, 2015, the FASB agreed to delay the effective date by one year. In accordance with the agreed upon delay, the new standard is effective for us beginning in the first quarter of 2018 and we expect to adopt it at that time. The new standard is required to be applied retrospectively to each prior reporting period presented or retrospectively with the cumulative effect of initially applying it recognized at the date of initial application. We have not yet selected a transition method nor have we determined the impact of the new standard on our consolidated condensed financial statements.

In the third quarter of 2015, we adopted an amended standard simplifying the presentation of debt issuance costs as a direct deduction from the carrying value of the debt liability rather than showing the debt issuance costs as an asset. We have applied the amendment retrospectively to the comparable period presented and it did not have a significant impact on our financial statements.

Note 3: Fair Value

Fair value is the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining fair value, we consider the principal or most advantageous market in which we would transact, and we consider assumptions that market participants would use when pricing the asset or liability. Our financial assets are measured and recorded at fair value, except for cost method investments, cost method loans receivable, equity method investments, grants receivable, and reverse repurchase agreements with original maturities greater than approximately three months. Substantially all of our liabilities are not measured and recorded at fair value.

6

INTEL CORPORATION

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS — Unaudited (Continued)

Fair Value Hierarchy

The three levels of inputs that may be used to measure fair value are as follows:

Level 1. Quoted prices in active markets for identical assets or liabilities.

Level 2. Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities, quoted prices in less active markets, or model-derived valuations in which all significant inputs are observable or can be derived principally from or corroborated with observable market data for substantially the full term of the assets or liabilities. Level 2 inputs also include non-binding market consensus prices that can be corroborated with observable market data, as well as quoted prices that were adjusted for security-specific restrictions.

Level 3. Unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of assets or liabilities. Level 3 inputs also include non-binding market consensus prices or non-binding broker quotes that we were unable to corroborate with observable market data.

7

INTEL CORPORATION

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS — Unaudited (Continued)

Assets and Liabilities Measured and Recorded at Fair Value on a Recurring Basis

Assets and liabilities measured and recorded at fair value on a recurring basis at the end of each period were as follows:

	September 26, 2015								December 27, 2014
	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	$	—	$	3,607	$	—	$	3,607	$	—	$	48	$	—	$	48
Financial institution instruments	100		1,756		—		1,856		321		1,119		—		1,440
Government debt	6		187		—		193		—		—		—		—
Reverse repurchase agreements	—		668		—		668		—		268		—		268
Short-term investments:
Corporate debt	263		1,960		30		2,253		363		412		31		806
Financial institution instruments	105		2,341		—		2,446		149		1,050		—		1,199
Government debt	81		2,339		—		2,420		252		173		—		425
Trading assets:
Asset-backed securities	—		384		55		439		—		766		58		824
Corporate debt	1,626		569		—		2,195		2,625		339		—		2,964
Financial institution instruments	964		541		—		1,505		1,146		613		—		1,759
Government debt	974		1,546		—		2,520		1,295		2,221		—		3,516
Other current assets:
Derivative assets	—		437		1		438		—		559		2		561
Loans receivable	—		140		—		140		—		505		—		505
Marketable equity securities	5,498		120		—		5,618		7,097		—		—		7,097
Other long-term investments:
Asset-backed securities	—		1		4		5		—		2		4		6
Corporate debt	339		941		3		1,283		453		728		13		1,194
Financial institution instruments	88		320		—		408		189		319		—		508
Government debt	84		49		—		133		75		240		—		315
Other long-term assets:
Derivative assets	—		33		15		48		—		35		22		57
Loans receivable	—		350		—		350		—		216		—		216
Total assets measured and recorded at fair value	10,128		18,289		108		28,525		13,965		9,613		130		23,708
Liabilities
Other accrued liabilities:
Derivative liabilities	—		276		7		283		—		563		—		563
Other long-term liabilities:
Derivative liabilities	—		17		—		17		—		17		—		17
Total liabilities measured and recorded at fair value	$	—	$	293	$	7	$	300	$	—	$	580	$	—	$	580

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.

8

INTEL CORPORATION

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS — Unaudited (Continued)

During the first nine months of 2015, we transferred corporate debt, financial institution instruments, government debt, and marketable equity securities of approximately $821 million from Level 1 to Level 2 of the fair value hierarchy and approximately $148 million of corporate debt and financial institution instruments from Level 2 to Level 1 ($230 million of corporate debt, financial institution instruments, and government debt from Level 1 to Level 2 and $400 million from Level 2 to Level 1 during the first nine months of 2014). These transfers were based on changes in market activity for the underlying securities. Our policy is to reflect transfers between the fair value hierarchy levels at the beginning of the quarter in which a change in circumstances resulted in the transfer.

Investments in Debt Instruments

Debt instruments reflected in the preceding table include investments such as asset-backed securities, corporate debt, financial institution instruments, government debt, and reverse repurchase agreements classified as cash equivalents. We classify our debt instruments as Level 2 when we use observable market prices for identical securities that are traded in less active markets. When observable market prices for identical securities are not available, we price the debt instruments using our own models, such as a discounted cash flow model, or non-binding market consensus prices based on the proprietary valuation models of pricing providers or brokers. These valuation models incorporate a number of inputs, including non-binding and binding broker quotes; observable market prices for identical or similar instruments; and the internal assumptions of pricing providers or brokers that use observable market inputs and unobservable market inputs that we consider to be not significant. When we use non-binding market consensus prices, we corroborate them with quoted market prices for similar instruments or compare them to output from internally-developed pricing models such as a discounted cash flow model. The discounted cash flow model uses observable market inputs, such as LIBOR-based yield curves, currency spot and forward rates, and credit ratings. All significant inputs are derived from or corroborated with observable market data.

The fair values of debt instruments classified as Level 3 are generally derived from discounted cash flow models, performed either by us or our pricing providers, using inputs that we are unable to corroborate with observable market data. We monitor and review the inputs and results of these valuation models to help ensure the fair value measurements are reasonable and consistent with market experience in similar asset classes.

Fair Value Option for Loans Receivable

We elected the fair value option for loans receivable when the interest rate or currency exchange rate risk was hedged at inception with a related derivative instrument. As of September 26, 2015, 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. Loans receivable are classified within other current assets and other long-term assets. Fair value is determined using a discounted cash flow model, with all significant inputs derived from or corroborated with observable market data. Gains and losses from changes in fair value on the loans receivable and related derivative instruments, as well as interest income, are recorded in interest and other, net. During all periods presented, changes in the fair value of our loans receivable were largely offset by gains or losses on the related derivative instruments, resulting in an insignificant net impact on our consolidated condensed statements of income. Gains and losses attributable to changes in credit risk are determined using observable credit default spreads for the issuer or comparable companies; these gains and losses were insignificant during all periods presented. We did not elect the fair value option for loans receivable when the interest rate or currency exchange rate risk was not hedged at inception with a related derivative instrument. Loans receivable not measured and recorded at fair value are included in the following "Financial Instruments Not Recorded at Fair Value on a Recurring Basis" section.

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.

Some of our non-marketable equity investments have been measured and recorded at fair value due to events or circumstances that significantly impacted the fair value of those investments, resulting in other-than-temporary impairments. We classified these investments as Level 3 because the valuations used unobservable inputs that were significant to the fair value measurements and required management judgment due to the absence of quoted market prices. Impairments recognized on non-marketable equity investments held as of September 26, 2015 were $27 million during the third quarter of 2015 and $100 million during the first nine months of 2015 ($28 million during the third quarter of 2014 and $93 million during the first nine months of 2014 on non-marketable equity investments held as of September 27, 2014).

9

INTEL CORPORATION

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS — Unaudited (Continued)

Financial Instruments Not Recorded at Fair Value on a Recurring Basis

On a quarterly basis, we measure the fair value of our grants receivable, cost method loans receivable, non-marketable cost method investments, reverse repurchase agreements with original maturities greater than approximately three months, and indebtedness carried at amortized cost plus hedge adjustments when applicable; however, the assets are recorded at fair value only when an impairment is recognized. 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:

	September 26, 2015
(In Millions)	Carrying Amount		Fair Value Measured Using						Fair Value
			Level 1		Level 2		Level 3
Grants receivable	$	749	$	—	$	756	$	—	$	756
Loans receivable	$	310	$	—	$	310	$	—	$	310
Non-marketable cost method investments	$	3,003	$	—	$	—	$	3,938	$	3,938
Reverse repurchase agreements	$	2,650	$	—	$	2,650	$	—	$	2,650
Short-term debt	$	1,088	$	—	$	1,554	$	—	$	1,554
Long-term debt	$	20,059	$	13,192	$	7,508	$	—	$	20,700
NVIDIA Corporation cross-license agreement liability	$	198	$	—	$	200	$	—	$	200

	December 27, 2014
(In Millions)	Carrying Amount		Fair Value Measured Using						Fair Value
			Level 1		Level 2		Level 3
Grants receivable	$	676	$	—	$	679	$	—	$	679
Loans receivable	$	250	$	—	$	250	$	—	$	250
Non-marketable cost method investments	$	1,769	$	—	$	—	$	2,599	$	2,599
Reverse repurchase agreements	$	450	$	—	$	450	$	—	$	450
Short-term debt	$	1,580	$	—	$	2,145	$	—	$	2,145
Long-term debt	$	12,059	$	11,467	$	1,309	$	—	$	12,776
NVIDIA Corporation cross-license agreement liability	$	395	$	—	$	399	$	—	$	399

The fair value of our grants receivable is determined using a discounted cash flow model, which discounts future cash flows using an appropriate yield curve. As of September 26, 2015 and December 27, 2014, the carrying amount of our grants receivable was classified within other current assets and other long-term assets, as applicable.

The carrying amount and fair value of loans receivable exclude loans measured and recorded at a fair value of $490 million as of September 26, 2015 ($721 million as of December 27, 2014). The fair value of our loans receivable and reverse repurchase agreements, including those held at fair value, is determined using a discounted cash flow model. All significant inputs in the models are derived from or corroborated with observable market data, such as LIBOR-based yield curves, currency spot and forward rates, and credit ratings. The credit quality of these assets remains high, with credit ratings of A+/A1 for most of our loans receivable and the substantial majority of our reverse repurchase agreements as of September 26, 2015.

10

INTEL CORPORATION

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS — Unaudited (Continued)

As of September 26, 2015 and December 27, 2014, the unrealized loss position of our non-marketable cost method investments was insignificant. Our non-marketable cost method investments are valued using a qualitative and quantitative analysis of events or circumstances that impact the fair value of the investment. Qualitative analysis of our investments involves understanding our investee’s revenue and earnings trends relative to pre-defined milestones and overall business prospects; the technological feasibility of our investee’s products and technologies; the general market conditions in the investee’s industry or geographic area, including adverse regulatory or economic changes; and the management and governance structure of the investee. Quantitative assessments of the fair value of our investments are developed using the market and income approaches. The market approach includes the use of financial metrics and ratios of comparable public companies, such as revenue, earnings, comparable performance multiples, recent financing rounds, the terms of the investees’ issued interests, and the level of marketability of the investments. The selection of comparable companies requires management judgment and is based on a number of factors, including comparable companies’ sizes, growth rates, industries, and development stages. The income approach includes the use of a discounted cash flow model, which requires significant estimates regarding investees’ revenue, costs, and discount rates based on the risk profile of comparable companies. Estimates of revenue and costs are developed using available market, historical, and forecast data. We measure the fair value of our non-marketable cost method investments as close to the end of the period as feasible.

The carrying amount and fair value of short-term debt exclude drafts payable. Our short-term debt recognized at amortized cost includes our 2009 junior subordinated convertible debentures due 2039 (2009 debentures). During the third quarter of 2015, the 2009 debentures were classified as short-term debt on the consolidated condensed balance sheets and are convertible at the option of the holder during the fourth quarter of 2015. For further information, see the "Borrowings" note in Part II, Item 8 of our Annual Report on Form 10-K for the year ended December 27, 2014 and Form 8-K filed with the SEC on June 5, 2015. Our long-term debt recognized at amortized cost is comprised of our senior notes and our convertible debentures. The fair value of our senior notes are classified as Level 1 when we use quoted prices in active markets and Level 2 when the quoted prices are from less active markets or when other observable inputs are used to determine fair value. The fair value of our 2009 and 2005 convertible debentures is determined using discounted cash flow models with observable market inputs, and takes into consideration variables such as interest rate changes, comparable instruments, subordination discount, and credit-rating changes, and is therefore classified as Level 2.

The NVIDIA Corporation (NVIDIA) cross-license agreement liability in the preceding table was incurred as a result of entering into a long-term patent cross-license agreement with NVIDIA in January 2011, pursuant to which we agreed to make payments to NVIDIA over six years. As of September 26, 2015 the carrying amount of the liability arising from the agreement was classified within other accrued liabilities based on the expected timing of the underlying payments ($200 million in January 2016 treated as cash used for financing activities). As of December 27, 2014, the carrying amount of the liability arising from the agreement was classified within other accrued liabilities and other long-term liabilities, based on the expected timing of the underlying payments ($200 million in each of January 2015 and 2016 treated as cash used for financing activities). The fair value is determined using a discounted cash flow model, which discounts future cash flows using our incremental borrowing rates.

11

INTEL CORPORATION

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS — Unaudited (Continued)

Note 4: Cash and Investments

Cash and investments at the end of each period were as follows:

(In Millions)	Sep 26, 2015		Dec 27, 2014
Available-for-sale investments	$	20,222	$	13,038
Cash	741		805
Equity method investments	1,577		1,446
Loans receivable	800		971
Non-marketable cost method investments	3,003		1,769
Reverse repurchase agreements	3,318		718
Trading assets	6,659		9,063
Total cash and investments	$	36,320	$	27,810

Available-for-Sale Investments

Available-for-sale investments at the end of each period were as follows:

	September 26, 2015									December 27, 2014
(In Millions)	Adjusted Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value		Adjusted Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Asset-backed securities	$	7	$	—	$	(2	)	$	5	$	8	$	—	$	(2	)	$	6
Corporate debt	7,139		11		(7		)	7,143		2,040		13		(5		)	2,048
Financial institution instruments	4,709		2		(1		)	4,710		3,146		2		(1		)	3,147
Government debt	2,747		—		(1		)	2,746		741		—		(1		)	740
Marketable equity securities	3,287		2,342		(11		)	5,618		3,318		3,779		—			7,097
Total available-for-sale investments	$	17,889	$	2,355	$	(22	)	$	20,222	$	9,253	$	3,794	$	(9	)	$	13,038

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 September 26, 2015 and December 27, 2014.

For information on the unrealized holding gains (losses) on available-for-sale investments reclassified out of accumulated other comprehensive income (loss) into the consolidated condensed statements of income, see "Note 20: Other Comprehensive Income (Loss)."

During the third quarter of 2015, we sold available-for-sale investments for proceeds of $1.1 billion, of which $134 million related to sales of cash and cash equivalents ($373 million in the third quarter of 2014, of which $82 million related to sales of cash and cash equivalents). During the first nine months of 2015, we sold available-for-sale investments for proceeds of $1.2 billion, of which $134 million related to sales of cash and cash equivalents ($1.2 billion in the first nine months of 2014 of which $459 million related to sales of cash and cash equivalents). The gross realized gains on sales of available-for-sale investments were $12 million in the third quarter of 2015 and $97 million in the first nine months of 2015 (none in the third quarter of 2014 and $136 million in the first nine months of 2014).

12

INTEL CORPORATION

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS — Unaudited (Continued)

The amortized cost and fair value of available-for-sale debt investments, by contractual maturity, as of September 26, 2015, were as follows:

(In Millions)	Cost		Fair Value
Due in 1 year or less	$	12,643	$	12,651
Due in 1–2 years	1,166		1,164
Due in 2–5 years	661		660
Instruments not due at a single maturity date	132		129
Total	$	14,602	$	14,604

Equity Method Investments

IM Flash Technologies, LLC

Micron Technology, Inc. (Micron) and Intel formed IM Flash Technologies, LLC (IMFT) in 2006 to manufacture NAND flash memory products for Micron and Intel. During 2012, we amended the operating agreement for IMFT and entered into agreements with Micron that modified our joint venture relationship. Additionally, we have certain supply agreements with Micron to provide us with jointly developed flash memory products.

The amended operating agreement extended the term of IMFT to 2024, unless earlier terminated under certain terms and conditions. The amended agreement provides for certain buy-sell rights. Intel has the ability to cause Micron to buy our interest in IMFT. If we exercise this put right, Micron would set the closing date of the transaction within two years following such election and could elect to receive financing from us for one to two years. Subsequent to our put right, and commencing in January 2018, Micron has the right to call our interest in IMFT with the closing date to be effective within one year. The IMFT operating agreements provide that IMFT may manufacture jointly developed NAND flash memory and 3D XPoint^™ technology products.

As of September 26, 2015, we own a 49% interest in IMFT. The carrying value of our investment was $872 million as of September 26, 2015 ($713 million as of December 27, 2014) and is classified within other long-term assets.

IMFT is a variable interest entity. All costs of the IMFT joint venture will be passed on to Micron and Intel pursuant to our purchase agreements. Intel's portion of IMFT costs, primarily related to product purchases and production-related services, was approximately $115 million in the third quarter of 2015 and approximately $315 million in the first nine months of 2015 (approximately $100 million in the third quarter of 2014 and approximately $305 million in the first nine months of 2014). The amount due to IMFT for product purchases and services provided was approximately $20 million as of September 26, 2015 (approximately $60 million as of December 27, 2014).

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, which was $872 million as of September 26, 2015. Except for the amount due to IMFT for product purchases and 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 September 26, 2015. 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.

We have determined that we do not have the characteristics of a consolidating investor in the variable interest entity and, therefore, we account for our interest in IMFT using the equity method of accounting.

Cloudera, Inc.

During 2014, we invested in Cloudera, Inc. (Cloudera). Our fully-diluted ownership interest in Cloudera is 17% as of September 26, 2015. Our investment is accounted for under the equity and cost methods of accounting based on the rights associated with different securities we own, and is classified within other long-term assets. The carrying value of our equity method investment was $263 million and of our cost method investment was $454 million as of September 26, 2015 ($280 million for our equity method investment and $454 million for our cost method investment as of December 27, 2014).

13

INTEL CORPORATION

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS — Unaudited (Continued)

Non-marketable Cost Method Investments

Investment in 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 smartphones. We have also agreed to invest up to 9.0 billionChinese yuan (approximately$1.5 billionas of the date of the agreement) for a minority stake of approximately20%of Beijing UniSpreadtrum Technology Ltd. (UniSpreadtrum), a holding company under Tsinghua Unigroup. During the third quarter of 2015, we invested$966 millionto complete the first phase of the equity investment. We have determined we will not have significant influence over the company and, therefore, we will account for our interest using the cost method of accounting. Subject to regulatory approvals and other closing conditions, the second phase of the investment will require additional funding of approximately $500 million.

Trading Assets

As of September 26, 2015 and December 27, 2014, substantially all of our trading assets were marketable debt instruments. Net losses related to trading assets still held at the reporting date were $88 million in the third quarter of 2015 and net losses were $151 million in the first nine months of 2015 (net losses of $283 million in the third quarter of 2014 and $254 million in the first nine months of 2014). Net gains on the related derivatives were $72 million in the third quarter of 2015 and net gains were $138 million in the first nine months of 2015 (net gains of $278 million in the third quarter of 2014 and $252 million in the first nine months of 2014).

Note 5: Inventories

We compute inventory cost on a first-in, first-out basis. Costs incurred to manufacture our products are included in the valuation of inventory beginning in the quarter in which a product meets the technical criteria to qualify for sale to customers. Prior to qualification for sale, costs that do not meet the criteria for research and development (R&D) are included in cost of sales in the period incurred. Inventories at the end of each period were as follows:

(In Millions)	Sep 26, 2015		Dec 27, 2014
Raw materials	$	557	$	462
Work in process	2,690		2,375
Finished goods	1,718		1,436
Total inventories	$	4,965	$	4,273

Note 6: Derivative Financial Instruments

Our primary objective for holding derivative financial instruments is to manage currency exchange rate risk and interest rate risk, and, to a lesser extent, equity market risk, commodity price risk, and credit risk. When possible, we enter into master netting arrangements with counterparties to mitigate credit risk in derivative transactions. A master netting arrangement may allow counterparties to net settle amounts owed to each other as a result of multiple, separate derivative transactions. Generally, our master netting agreements allow for net settlement in case of certain triggering events such as bankruptcy or default of one of the counterparties to the transaction. We may also elect to exchange cash collateral with certain of our counterparties on a regular basis. For presentation on our consolidated condensed balance sheets, we do not offset fair value amounts recognized for derivative instruments under master netting arrangements. Our derivative financial instruments are recorded at fair value and are included in other current assets, other long-term assets, other accrued liabilities, or other long-term liabilities.

14

INTEL CORPORATION

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS — Unaudited (Continued)

Currency Exchange Rate Risk

We are exposed to currency exchange rate risk, and generally hedge our exposures with currency forward contracts, currency interest rate swaps, or currency options. Substantially all of our revenue is transacted in U.S. dollars. However, a significant amount of our operating expenditures and capital purchases is incurred in or exposed to other currencies, primarily the euro, the Japanese yen, the Chinese Yuan and the Israeli shekel. We have established balance sheet and forecasted transaction currency risk management programs to protect against fluctuations in the fair value and the volatility of the functional currency equivalent of future cash flows caused by changes in exchange rates. Our non-U.S.-dollar-denominated investments in debt instruments and loans receivable are generally hedged with offsetting currency forward contracts or currency interest rate swaps. We may also hedge currency risk arising from funding foreign currency denominated forecasted investments. These programs reduce, but do not eliminate, the impact of currency exchange movements.

Our currency risk management programs include:

• Currency derivatives with cash flow hedge accounting designation that utilize currency forward contracts and currency options to hedge exposures to the variability in the U.S.-dollar equivalent of anticipated non-U.S.-dollar-denominated cash flows. Most of these instruments generally mature within12 months. For these derivatives, we report the after-tax gain or loss from the effective portion of the hedge as a component of accumulated other comprehensive income (loss), and we reclassify it into earnings in the same period or periods in which the hedged transaction affects earnings, and in the same line item on the consolidated condensed statements of income as the impact of the hedged transaction.

• Currency derivatives without hedge accounting designation that utilize currency forward contracts or currency interest rate swaps to economically hedge the functional currency equivalent cash flows of recognized monetary assets and liabilities, non-U.S.-dollar-denominated debt instruments classified as trading assets, and hedges of non-U.S.-dollar-denominated loans receivable are recognized at fair value. The substantial majority of these instruments generally mature within12 months. Changes in the functional currency equivalent cash flows of the underlying assets and liabilities are approximately offset by the changes in the fair value of the related derivatives. We record net gains or losses in the line item on the consolidated condensed statements of income most closely associated with the related exposures, primarily in interest and other, net, except for equity-related gains or losses, which we primarily record in gains (losses) on equity investments, net.

Interest Rate Risk

Our primary objective for holding investments in debt instruments is to preserve principal while maximizing yields. We generally swap the returns on our investments in fixed-rate debt instruments with remaining maturities longer than six months into U.S. dollar three-month LIBOR-based returns, unless management specifically approves otherwise. We may elect to swap fixed coupon payments on our debt issuances for floating rate coupon payments. These swaps are settled at various interest payment times involving cash payments at each interest and principal payment date, with the majority of the contracts having quarterly payments.

15

INTEL CORPORATION

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS — Unaudited (Continued)

Our interest rate risk management programs include:

• Interest rate derivatives with cash flow hedge accounting designation that utilize interest rate swap agreements to modify the interest characteristics of debt instruments. For these derivatives, we report the after-tax gain or loss from the effective portion of the hedge as a component of accumulated other comprehensive income (loss), and we reclassify it into earnings in the same period or periods in which the hedged transaction affects earnings, and in the same line item on the consolidated condensed statements of income as the impact of the hedged transaction.

• Interest rate derivatives with fair value hedge accounting designation that utilize interest rate swap agreements to hedge against changes in fair value on certain fixed rate debt due to changes in the benchmark interest rate. For these derivatives, we recognize gains and losses in interest and other, net, along with the offsetting losses and gains attributable to the changes in the benchmark interest rate on the underlying hedged items.

• Interest rate derivatives without hedge accounting designation that utilize interest rate swaps and currency interest rate swaps in economic hedging transactions, including hedges of non-U.S.-dollar-denominated debt instruments classified as trading assets and hedges of non-U.S.-dollar-denominated loans receivable recognized at fair value. Floating interest rates on the swaps generally reset on a quarterly basis. Changes in fair value of the debt instruments classified as trading assets and loans receivable recognized at fair value are generally offset by changes in the fair value of the related derivatives, both of which are recorded in interest and other, net.

Equity Market Risk

Our investments include marketable equity securities and equity derivative instruments. We typically do not attempt to reduce or eliminate our equity market exposure through hedging activities at the inception of our investments. Before we enter into hedge arrangements, we evaluate legal, market, and economic factors, as well as the expected timing of disposal to determine whether hedging is appropriate. Our equity market risk management program may include equity derivatives with or without hedge accounting designation that utilize warrants, equity options, or other equity derivatives. We recognize changes in the fair value of such derivatives in gains (losses) on equity investments, net. We also utilize total return swaps to offset changes in liabilities related to the equity market risks of certain deferred compensation arrangements. Gains and losses from changes in fair value of these total return swaps are generally offset by the losses and gains on the related liabilities, both of which are recorded in cost of sales and operating expenses.

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)	Sep 26, 2015		Dec 27, 2014		Sep 27, 2014
Currency forwards	$	12,395	$	15,578	$	13,896
Currency interest rate swaps	4,966		5,446		5,015
Embedded debt derivatives	3,600		3,600		3,600
Interest rate swaps	1,740		1,347		1,259
Total return swaps	1,020		1,056		1,032
Other	64		49		53
Total	$	23,785	$	27,076	$	24,855

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

(In Millions)	Sep 26, 2015		Dec 27, 2014		Sep 27, 2014
Chinese yuan	$	2,650	$	3,097	$	1,420
Euro	6,546		7,486		6,973
Israeli shekel	1,938		2,489		2,170
Japanese yen	2,733		3,779		4,223
Other	3,494		4,173		4,125
Total	$	17,361	$	21,024	$	18,911

16

INTEL CORPORATION

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS — Unaudited (Continued)

During the fourth quarter of 2014, we entered into $1.5 billion of forward contracts to hedge our anticipated equity funding of the UniSpreadtrum investment. The hedges were designated as cash flow hedges and the related gains and losses attributable to changes in the spot rates were recognized in accumulated other comprehensive income (loss). Hedge gains and losses attributable to changes in the forward rates were recognized in interest and other, net. During the second quarter of 2015, we discontinued cash flow hedge accounting treatment for $478 million of forward contracts since we could no longer assert that funding is probable to occur within the initially specified timeline. Hedge losses accumulated in other comprehensive income related to these de-designated forward contracts were insignificant.

During the third quarter of 2015, $1.0 billion of forward contracts were utilized to fund our investment in UniSpreadtrum. Hedge losses attributable to changes in the spot rates accumulated in other comprehensive income (loss) for these forward contracts will remain deferred in accumulated other comprehensive income (loss) until the UniSpreadtrum shares are either disposed of or impaired. As the shares are disposed of or impaired, we will reclassify the gains or losses from accumulated other comprehensive income (loss) to gains (losses) on equity investments, net as an offset to the gain or loss recognized for the share disposal or impairment.

During the third quarter of 2015, we entered into $1.0 billioninterest rate swap agreement to hedge against changes in fair value attributable to the benchmark interest rate for our $1.0 billion face value 2015 senior notes due 2045 at 4.90%. The hedge was designated as a fair value hedge.

Fair Value of Derivative Instruments in the Consolidated Condensed Balance Sheets

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

	September 26, 2015								December 27, 2014
(In Millions)	Other Current Assets		Other Long-Term Assets		Other Accrued Liabilities		Other Long-Term Liabilities		Other Current Assets		Other Long-Term Assets		Other Accrued Liabilities		Other Long-Term Liabilities
Derivatives designated as hedging instruments:
Currency forwards	$	31	$	6	$	156	$	1	$	6	$	1	$	497	$	9
Interest rate swaps	—		3		—		—		—		—		—		—
Total derivatives designated as hedging instruments	31		9		156		1		6		1		497		9
Derivatives not designated as hedging instruments:
Currency forwards	40		—		78		—		207		—		44		—
Currency interest rate swaps	365		24		36		—		344		34		7		—
Embedded debt derivatives	—		—		—		16		—		—		4		8
Interest rate swaps	—		—		5		—		3		—		11		—
Other	2		15		8		—		1		22		—		—
Total derivatives not designated as hedging instruments	407		39		127		16		555		56		66		8
Total derivatives	$	438	$	48	$	283	$	17	$	561	$	57	$	563	$	17

17

INTEL CORPORATION

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS — Unaudited (Continued)

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:

	September 26, 2015
							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	$	475	$	—	$	475	$	(206	)	$	(127	)	$	142
Reverse repurchase agreements	3,318		—		3,318		—			(3,318		)	—
Total assets	3,793		—		3,793		(206		)	(3,445		)	142
Liabilities:
Derivative liabilities subject to master netting arrangements	298		—		298		(206		)	(15		)	77
Total liabilities	$	298	$	—	$	298	$	(206	)	$	(15	)	$	77

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

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

18

INTEL CORPORATION

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS — Unaudited (Continued)

Derivatives in Cash Flow Hedging Relationships

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

	Three Months Ended						Nine Months Ended
(In Millions)	Sep 26, 2015			Sep 27, 2014			Sep 26, 2015			Sep 27, 2014
Currency forwards	$	(68	)	$	(241	)	$	(268	)	$	(201	)
Other	—			—			—			(3		)
Total	$	(68	)	$	(241	)	$	(268	)	$	(204	)

Gains and losses on derivative instruments in cash flow hedging relationships related to hedge ineffectiveness and amounts excluded from effectiveness testing, were insignificant during all periods presented in the preceding tables. There was no impact on results of operations from discontinued cash flow hedges during the third quarter of 2015 and the impact was insignificant during the first nine months of 2015, which arises when forecasted transactions are probable of not occurring.

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 20: 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					Nine Months Ended
(In Millions)	Sep 26, 2015			Sep 27, 2014		Sep 26, 2015			Sep 27, 2014
Interest rate swap	$	3		$	—	$	3		$	—
Hedged item	(3		)	—		(3		)	—
Total	$	—		$	—	$	—		$	—

There was no hedge ineffectiveness during all periods presented in the preceding tables.

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						Nine Months Ended
(In Millions)	Location of Gains (Losses) Recognized in Income on Derivatives	Sep 26, 2015			Sep 27, 2014			Sep 26, 2015			Sep 27, 2014
Currency forwards	Interest and other, net	$	(19	)	$	62		$	(33	)	$	40
Currency interest rate swaps	Interest and other, net	80			221			283			193
Interest rate swaps	Interest and other, net	(3		)	1			(8		)	(3		)
Total return swaps	Various	(90		)	(7		)	(48		)	51
Other	Various	(3		)	(3		)	(17		)	(1		)
Total		$	(35	)	$	274		$	177		$	280

19

INTEL CORPORATION

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS — Unaudited (Continued)

Note 7: Acquisitions

During the first nine months of 2015, we completed five acquisitions qualifying as business combinations in exchange for acquisition date consideration of $591 million, most of which was cash consideration. Substantially all of the consideration was allocated to goodwill, acquisition-related developed technology, and acquisition-related customer relationships. Included in these acquisitions is our acquisition of Lantiq Semiconductor (Lantiq), intended to extend Intel's success in cable home gateways into DSL and fiber markets. We acquired Lantiq in the second quarter of 2015 for acquisition date cash consideration of $383 million, most of which was allocated to goodwill, acquisition-related developed technology, and acquisition-related customer relationships. The operating results of Lantiq are included in our Client Computing Group operating segment.

The completed acquisitions in the first nine months of 2015, both individually and in the aggregate, were not significant to our results of operations. For information on goodwill by operating segment, see “Note 8: Goodwill” and for information on the classification of intangible assets, see "Note 9: Identified Intangible Assets."

Pending Acquisition of Altera Corporation

During the second quarter of2015, we entered into a definitive agreement to acquire Altera Corporation (Altera) in an all-cash transaction expected to close within six to nine months from the date of the agreement.Upon completion of the acquisition, each outstanding share of Altera common stock and, subject to certain exceptions, each share of Altera common stock underlying vested stock option awards, restricted stock unit awards and performance-based restricted stock unit awards will be converted into the right to receive$54.00 per share in cash, without interest. As of the date we entered into the agreement, the transaction had an approximate value of $16.7 billion. This transaction is subject to certain regulatory approvals and customary closing conditions.

Note 8: Goodwill

Goodwill activity for the first nine months of 2015 was as follows:

(In Millions)	Dec 27, 2014		Acquisitions		Currency Exchange and Other			Sep 26, 2015
Client Computing Group	$	3,708	$	150	$	—		$	3,858
Data Center Group	2,376		—		—			2,376
Internet of Things Group	428		—		—			428
Software and services operating segments	4,236		10		(182		)	4,064
All other	113		187		—			300
Total	$	10,861	$	347	$	(182	)	$	11,026

During the first quarter of 2015, we combined the PC Client Group and the Mobile and Communications Group to create the Client Computing Group. All prior-period amounts have been retrospectively adjusted to reflect our new organizational structure. For further information, see "Note 22: Operating Segments Information."

20

INTEL CORPORATION

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS — Unaudited (Continued)

Note 9: Identified Intangible Assets

Identified intangible assets at the end of each period were as follows:

	September 26, 2015
(In Millions)	Gross Assets		Accumulated Amortization			Net
Acquisition-related developed technology	$	2,846	$	(2,202	)	$	644
Acquisition-related customer relationships	1,733		(1,154		)	579
Acquisition-related trade names	59		(53		)	6
Licensed technology and patents	3,106		(1,283		)	1,823
Identified intangible assets subject to amortization	7,744		(4,692		)	3,052
Acquisition-related trade names	767		—			767
Other intangible assets	203		—			203
Identified intangible assets not subject to amortization	970		—			970
Total identified intangible assets	$	8,714	$	(4,692	)	$	4,022

	December 27, 2014
(In Millions)	Gross Assets		Accumulated Amortization			Net
Acquisition-related developed technology	$	3,009	$	(2,192	)	$	817
Acquisition-related customer relationships	1,698		(1,001		)	697
Acquisition-related trade names	61		(49		)	12
Licensed technology and patents	3,153		(1,224		)	1,929
Identified intangible assets subject to amortization	7,921		(4,466		)	3,455
Acquisition-related trade names	788		—			788
Other intangible assets	203		—			203
Identified intangible assets not subject to amortization	991		—			991
Total identified intangible assets	$	8,912	$	(4,466	)	$	4,446

Amortization expenses, with presentation location on the consolidated condensed statements of income, for each period were as follows:

		Three Months Ended				Nine Months Ended
(In Millions)	Location	Sep 26, 2015		Sep 27, 2014		Sep 26, 2015		Sep 27, 2014
Acquisition-related developed technology	Cost of sales	$	76	$	161	$	271	$	454
Acquisition-related customer relationships	Amortization of acquisition-related intangibles	66		75		192		214
Acquisition-related trade names	Amortization of acquisition-related intangibles	2		2		6		8
Licensed technology and patents	Cost of sales	71		69		211		208
Total amortization expenses		$	215	$	307	$	680	$	884

21

INTEL CORPORATION

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS — Unaudited (Continued)

Based on identified intangible assets that are subject to amortization as of September 26, 2015, we expect future amortization expenses for each period to be as follows:

(In Millions)	Remainder of 2015		2016		2017		2018		2019
Acquisition-related developed technology	$	72	$	251	$	105	$	86	$	77
Acquisition-related customer relationships	66		236		149		45		27
Acquisition-related trade names	3		3		—		—		—
Licensed technology and patents	67		268		225		182		182
Total future amortization expenses	$	208	$	758	$	479	$	313	$	286

Note 10: Other Long-Term Assets

Other long-term assets at the end of each period were as follows:

(In Millions)	Sep 26, 2015		Dec 27, 2014
Equity method investments	$	1,577	$	1,446
Non-marketable cost method investments	3,003		1,769
Non-current deferred tax assets	640		622
Pre-payments for property, plant and equipment	551		636
Loans receivable	650		416
Grants receivable	490		312
Reverse repurchase agreements	350		350
Other	994		954
Total other long-term assets	$	8,255	$	6,505

As of September 26, 2015, the carrying amount of our non-marketable cost method investments includes $966 million related to our investment in UniSpreadtrum. For further information, see "Note 4: Cash and Investments."

During the first nine months of 2015, we received and transferred $201 million of equipment from other long-term assets to property, plant and equipment. Substantially all of the equipment was prepaid in 2012 and 2013. We recognized the pre-payments within operating activities in the consolidated condensed statement of cash flows when we paid for the equipment, and the receipt of the equipment is reflected as a non-cash transaction in the current period.

22

INTEL CORPORATION

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS — Unaudited (Continued)

Note 11: Restructuring and Asset Impairment Charges

Restructuring and asset impairment charges by program for each period were as follows:

	Three Months Ended					Nine Months Ended
(In Millions)	Sep 26, 2015			Sep 27, 2014		Sep 26, 2015		Sep 27, 2014
2015 restructuring program	$	22		$	—	$	272	$	—
2013 restructuring program	(8		)	20		95		238
Total restructuring and asset impairment charges	$	14		$	20	$	367	$	238

2015 Restructuring Program

Beginning in the second quarter of 2015, management approved and commenced implementation of restructuring actions, primarily targeted workforce reductions, as we adjusted resources from areas of disinvestment to areas of investment. We expect these actions to be substantially complete by the end of2015.

Restructuring and asset impairment charges for the 2015 restructuring program for each period were as follows:

	Three Months Ended				Nine Months Ended
(In Millions)	Sep 26, 2015		Sep 27, 2014		Sep 26, 2015		Sep 27, 2014
Employee severance and benefit arrangements	$	20	$	—	$	270	$	—
Asset impairments and other restructuring charges	2		—		2		—
Total restructuring and asset impairment charges	$	22	$	—	$	272	$	—

Restructuring and asset impairment activity for the 2015 restructuring program for thefirst nine months of 2015was as follows:

(In Millions)	Employee Severance and Benefits			Asset Impairments and Other			Total
Accrued restructuring balance as of December 27, 2014	$	—		$	—		$	—
Additional accruals	283			2			285
Adjustments	(13		)	—			(13		)
Cash payments	(178		)	—			(178		)
Non-cash settlements	—			(1		)	(1		)
Accrued restructuring balance as of September 26, 2015	$	92		$	1		$	93

We recorded the additional accruals as restructuring and asset impairment charges in the consolidated condensed statements of income and within the “all other” operating segments category.Substantially allof the accrued restructuring balance as of September 26, 2015is expected to be paid within the next 12 months and was recorded as a current liability within accrued compensation and benefits on the consolidated condensed balance sheets.

Restructuring actions related to this program that were approved in 2015 impacted approximately3,800employees.

2013 Restructuring Program

Beginning in the third quarter of 2013, management approved and commenced implementation of several restructuring actions, including targeted workforce reductions and the exit of certain businesses and facilities. These actions include the wind down of our 200 millimeter wafer fabrication facility in Massachusetts, which ceased production in the first quarter of 2015, and the closure of our assembly and test facility in Costa Rica, which ceased production in the fourth quarter of 2014. These targeted reductions will enable us to better align our resources in areas providing the greatest benefit in the current business environment. We expect these actions to be substantially complete by the end of 2015.

23

INTEL CORPORATION

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS — Unaudited (Continued)

Restructuring and asset impairment charges for the 2013 restructuring program for each period were as follows:

	Three Months Ended					Nine Months Ended
(In Millions)	Sep 26, 2015			Sep 27, 2014		Sep 26, 2015		Sep 27, 2014
Employee severance and benefit arrangements	$	(9	)	$	9	$	87	$	218
Asset impairments and other restructuring charges	1			11		8		20
Total restructuring and asset impairment charges	$	(8	)	$	20	$	95	$	238

Restructuring and asset impairment activity for the 2013 restructuring program for the first nine months of 2015 was as follows:

(In Millions)	Employee Severance and Benefits			Asset Impairments and Other			Total
Accrued restructuring balance as of December 27, 2014	$	121		$	11		$	132
Additional accruals	100			9			109
Adjustments	(13		)	(1		)	(14		)
Cash payments	(156		)	(14		)	(170		)
Non-cash settlements	—			(3		)	(3		)
Accrued restructuring balance as of September 26, 2015	$	52		$	2		$	54

We recorded the additional accruals and adjustments as restructuring and asset impairment charges in the consolidated condensed statements of income and within the “all other” operating segments category. Substantially all of the accrued restructuring balance as of September 26, 2015is expected to be paid by the end of 2015 and was recorded as a current liability within accrued compensation and benefits on the consolidated condensed balance sheets.

Restructuring actions related to this program that were approved in 2015 impacted approximately 1,100 employees.Since the third quarter of 2013, we have incurred a total of $630 million in restructuring and asset impairment charges related to this program. These charges included a total of $553 million related to employee severance and benefit arrangements for approximately 8,700 employees, and $77 million in asset impairment charges and other restructuring charges.

Note 12: Deferred Income

Deferred income at the end of each period was as follows:

(In Millions)	Sep 26, 2015		Dec 27, 2014
Deferred income on shipments of components to distributors	$	918	$	944
Deferred income from software and services	1,242		1,261
Current deferred income	2,160		2,205
Non-current deferred income from software and services	448		483
Total deferred income	$	2,608	$	2,688

We classify non-current deferred income from software and services within other long-term liabilities on the consolidated condensed balance sheets.

24

INTEL CORPORATION

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS — Unaudited (Continued)

Note 13: Borrowings

Short-Term Debt

Our short-term debt at the end of each period was as follows:

(In Millions)	Sep 26, 2015			Dec 27, 2014
Drafts payable	$	41		$	16
Commercial paper	—			500
Current portion of long-term debt	1,096			1,088
Less: debt issuance costs associated with the current portion of long-term debt	(8		)	(8		)
Total short-term debt	$	1,129		$	1,596

The 2009 debentures are convertible, subject to certain conditions. Holders can surrender the 2009 debentures for conversion if the closing price of Intel common stock has been at least 130% of the conversion price then in effect for at least 20 trading days during the 30 consecutive trading-day period ending on the last trading day of the preceding fiscal quarter.

During the third quarter of 2015, the closing stock price conversion right condition of the 2009 debentures was met and the debentures will be convertible at the option of the holders during the fourth quarter of 2015. As a result of the conversion period during the fourth quarter of 2015, the $1.1 billion carrying amount of the 2009 debentures remained classified as short-term debt on our consolidated condensed balance sheet as of September 26, 2015. The excess of the amount of cash payable if converted over the carrying amount of the 2009 debentures of $905 million remained classified as temporary equity on our consolidated condensed balance sheet as of September 26, 2015. In future periods, if the closing stock price conversion right condition is no longer met, all outstanding 2009 debentures would be reclassified to long-term debt and temporary equity would be reclassified to stockholders’ equity on our consolidated condensed balance sheet.

25

INTEL CORPORATION

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS — Unaudited (Continued)

Long-Term Debt

Our long-term debt at the end of each period was as follows:

(In Millions)	Maturity Date	Stated Interest Rate	Sep 26, 2015			Dec 27, 2014
2015 Senior notes	July 2020	2.45%	$	1,748		$	—
2015 Senior notes	July 2022	3.10%	1,000			—
2015 Senior notes	July 2025	3.70%	2,247			—
2015 Senior notes	July 2045	4.90%	1,998			—
2015 Senior notes	August 2045	4.90%	1,010			—
2012 Senior notes	December 2017	1.35%	2,998			2,998
2012 Senior notes	December 2022	2.70%	1,495			1,495
2012 Senior notes	December 2032	4.00%	744			744
2012 Senior notes	December 2042	4.25%	924			924
2011 Senior notes	October 2016	1.95%	1,500			1,499
2011 Senior notes	October 2021	3.30%	1,997			1,997
2011 Senior notes	October 2041	4.80%	1,490			1,490
2009 Junior subordinated convertible debentures	August 2039	3.25%	1,096			1,088
2005 Junior subordinated convertible debentures	December 2035	2.95%	975			960
Long-term debt			$	21,222		$	13,195
Less: current portion of long-term debt			(1,096		)	(1,088		)
Less: debt issuance costs			(67		)	(48		)
Total long-term debt			$	20,059		$	12,059

During the third quarter of 2015, we issued a total of $8.0 billion aggregate principal amount of senior unsecured notes. In July of 2015, we issued an aggregate of $7.0 billion of principal amount of notes due in 2020, 2022, 2025, and 2045. In August of 2015, we issued $1.0 billion of principal amount of notes due in 2045. We will pay interest on these notes semi-annually. We may redeem the notes prior to their maturity at our option at specified redemption prices and subject to certain restrictions. The notes rank equally in right of payment with all of our other existing and future senior unsecured indebtedness and will effectively rank junior to all liabilities of our subsidiaries.

We intend to use the net proceeds of these offerings to fund a portion of the cash consideration for our pending acquisition of Altera. If the Altera acquisition does not close for any reason, the net proceeds of the offering will be used for general corporate purposes, which may include refinancing of indebtedness, with the exception of the $2.25 billion principal amount of 2025 notes and $2.0 billion of principal amount of 2045 notes, which are subject to special mandatory redemption at a redemption price of 101% of the principal amount thereof plus accrued and unpaid interest in the event that our acquisition of Altera is not consummated by, or the merger agreement is terminated before, December 31, 2016.

For further information on our debt instruments, see the "Borrowings" note in Part II, Item 8 of our Annual Report on Form 10-K for the year ended December 27, 2014 and Form 8-K filed with the SEC on June 5, 2015.

Note 14: 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.

During May 2015, stockholders approved an extension of the expiration date of the 2006 Equity Incentive Plan to June 2018 and approved an additional 34 million shares for issuance. As of September 26, 2015, 258 million shares of common stock remained available for future grant under the 2006 Equity Incentive Plan through June 2018.

During May 2015, stockholders approved an extension of the expiration date of the 2006 Stock Purchase Plan to August 2021. 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. As of September 26, 2015, 181 million shares of common stock remained available for issuance under the 2006 Stock Purchase Plan through August 2021.

26

INTEL CORPORATION

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS — Unaudited (Continued)

Share-Based Compensation

Share-based compensation expense was $309 million in the third quarter of 2015 and $1.0 billion in the first nine months of 2015 ($281 million in the third quarter of 2014 and $867 million in the first nine months of 2014).

Restricted Stock Unit Awards

We estimate the fair value of restricted stock unit awards with time-based vesting using the value of our common stock on the date of grant, reduced by the present value of dividends expected to be paid on our shares of common stock prior to vesting. We estimate the fair value of market-based restricted stock units using a Monte Carlo simulation model on the date of grant (no market-based restricted stock units were granted in the third quarter of 2015). We based the weighted average estimated value of restricted stock unit grants, as well as the weighted average assumptions that we used in calculating the fair value, on estimates at the date of grant, for each period as follows:

	Three Months Ended						Nine Months Ended
	Sep 26, 2015			Sep 27, 2014			Sep 26, 2015			Sep 27, 2014
Estimated values	$	26.62		$	32.93		$	31.64		$	25.12
Risk-free interest rate	0.6		%	0.5		%	0.6		%	0.5		%
Dividend yield	3.4		%	2.6		%	2.9		%	3.4		%
Volatility	n/a			23		%	27		%	23		%

Restricted stock unit activity in the first nine months of 2015 was as follows:

	Number of RSUs (In Millions)		Weighted Average Grant-Date Fair Value
December 27, 2014	119.4		$	23.89
Granted	41.4		$	31.64
Vested	(44.1	)	$	23.44
Forfeited	(6.1	)	$	25.40
September 26, 2015	110.6		$	26.89

The aggregate fair value of awards that vested in the first nine months of 2015 was $1.4 billion, which represents the market value of our common stock on the date that the restricted stock units vested. The grant-date fair value of awards that vested in first nine months of 2015 was $1.0 billion. The number of restricted stock units vested includes shares of common stock that we withheld on behalf of employees to satisfy the minimum statutory tax withholding requirements. Restricted stock units that are expected to vest are net of estimated future forfeitures.

As of September 26, 2015, 4.7 million of the outstanding restricted stock units were market-based restricted stock units.

27

INTEL CORPORATION

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS — Unaudited (Continued)

Stock Option Awards

Stock option activity in the first nine months of 2015 was as follows:

	Number of Options (In Millions)		Weighted Average Exercise Price
December 27, 2014	77.3		$	21.30
Exercised	(13.4	)	$	20.58
Cancelled and forfeited	(1.0	)	$	23.27
Expired	(0.1	)	$	21.72
September 26, 2015	62.8		$	21.42
Options exercisable as of:
December 27, 2014	54.7		$	20.29
September 26, 2015	52.1		$	20.88

During the first nine months of 2015, the aggregate intrinsic value of stock option exercises was $168 million, which represents the difference between the exercise price and the value of our common stock at the time of exercise. No stock options were granted during the first nine months of 2015.

Stock Purchase Plan

Employees purchased 15.8 million shares of common stock in the first nine months of 2015 for $421 million (19.4 million shares of common stock in the first nine months of 2014 for $393 million) under the 2006 Stock Purchase Plan.

Note 15: Common Stock Repurchases

Common Stock Repurchase Program

We have an ongoing authorization, originally approved by our Board of Directors in 2005, and subsequently amended, to repurchase up to $65 billion in shares of our common stock in open market or negotiated transactions. As of September 26, 2015, $9.9 billion remained available for repurchase under the existing repurchase authorization limit.

During the third quarter of 2015, we repurchased 34.8 million shares of common stock at a cost of $1.0 billion (119.5 million shares of common stock at a cost of $4.1 billion during the third quarter of 2014). During the first nine months of 2015, we repurchased 79.7 million shares of common stock at a cost of $2.5 billion (217.4 million shares of common stock at a cost of $6.8 billion in the first nine months of 2014). We have repurchased 4.8 billion shares of common stock at a cost of $104 billion since the program began in 1990.

Restricted Stock Unit Withholdings

We issue restricted stock units as part of our equity incentive plans. For the majority of restricted stock units granted, the number of shares of common stock issued on the date the restricted stock units vest is net of the minimum statutory withholding requirements that we pay in cash to the appropriate taxing authorities on behalf of our employees. In our consolidated condensed financial statements, we also treat shares of common stock withheld for tax purposes on behalf of our employees in connection with the vesting of restricted stock units as common stock repurchases because they reduce the number of shares that would have been issued upon vesting. These withheld shares of common stock are not considered common stock repurchases under our authorized common stock repurchase plan. During the first nine months of 2015, we withheld 12.8 million shares of common stock to satisfy $416 million (11.7 million shares of common stock to satisfy $314 million during the first nine months of 2014) of employees’ tax obligations.

28

INTEL CORPORATION

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS — Unaudited (Continued)

Note 16: Gains (Losses) on Equity Investments, Net

The components of gains (losses) on equity investments, net for each period were as follows:

	Three Months Ended						Nine Months Ended
(In Millions)	Sep 26, 2015			Sep 27, 2014			Sep 26, 2015			Sep 27, 2014
Share of equity method investee losses, net	$	(22	)	$	(17	)	$	(81	)	$	(42	)
Impairments	(28		)	(33		)	(107		)	(108		)
Gains on sales, net	11			—			110			147
Dividends	5			1			52			54
Other, net	199			84			323			127
Total gains (losses) on equity investments, net	$	165		$	35		$	297		$	178

Note 17: Interest and Other, Net

The components of interest and other, net for each period were as follows:

	Three Months Ended						Nine Months Ended
(In Millions)	Sep 26, 2015			Sep 27, 2014			Sep 26, 2015			Sep 27, 2014
Interest income	$	31		$	35		$	91		$	108
Interest expense	(116		)	(53		)	(211		)	(139		)
Other, net	(19		)	(7		)	29			101
Total interest and other, net	$	(104	)	$	(25	)	$	(91	)	$	70

Interest expense in the preceding table is net of $52 million of interest capitalized in the third quarter of 2015 and$202 million of interest capitalized in the first nine months of 2015 ($63 million in the third quarter of 2014and $203 million in the first nine months of 2014). During the first quarter of 2014, we completed the divestiture of our Intel Media assets. As a result of the transaction, we recognized a gain within "Other, net" in the preceding table.

Note 18: Earnings Per Share

We computed our basic and diluted earnings per common share for each period as follows:

	Three Months Ended				Nine Months Ended
(In Millions, Except Per Share Amounts)	Sep 26, 2015		Sep 27, 2014		Sep 26, 2015		Sep 27, 2014
Net income available to common stockholders	$	3,109	$	3,317	$	7,807	$	8,043
Weighted average shares of common stock outstanding—basic	4,747		4,880		4,749		4,945
Dilutive effect of employee equity incentive plans	48		76		64		73
Dilutive effect of convertible debt	81		89		87		77
Weighted average shares of common stock outstanding—diluted	4,876		5,045		4,900		5,095
Basic earnings per share of common stock	$	0.65	$	0.68	$	1.64	$	1.63
Diluted earnings per share of common stock	$	0.64	$	0.66	$	1.59	$	1.58

We computed basic earnings per share of common stock using net income available to common stockholders and the weighted average number of shares of common stock outstanding during the period. We computed diluted earnings per share of common stock using net income available to common stockholders and the weighted average number of shares of common stock outstanding plus potentially dilutive shares of common stock outstanding during the period. Net income available to participating securities was insignificant for all periods presented.

29

INTEL CORPORATION

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS — Unaudited (Continued)

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 restricted stock units, 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.

During the third quarter of 2015, we excluded on average 4 million outstanding stock options and restricted stock units from the computation of diluted earnings per common share because these would have been antidilutive (nooutstanding stock options and restricted stock units were excluded for the third quarter of 2014). During the first nine months of 2015, we excluded on average 2 million outstanding stock options and restricted stock units from the computation of diluted earnings per share of common stock because these shares of common stock would have been antidilutive (14 million for the first nine months of 2014). These options could potentially be included in the diluted earnings per share of common stock calculation in the future if the average market value of the shares of common stock increases and is greater than the exercise price of these options.

During the third quarter of 2015 and 2014, 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.

Note 19: Income Taxes

Our effective income tax rate was 21.2% in the first nine months of 2015 compared to 27.8% in the first nine months of 2014. The effective rate was positively impacted by the settlement of a one-time refund claim involving asset tax basis resulting in the recognition of a $320 million tax benefit and our decision to indefinitely reinvest certain prior years' non-U.S. earnings resulting in the release of $185 million previously accrued U.S. deferred taxes in the second quarter of 2015. In addition, a higher proportion of our income from lower taxed jurisdictions positively impacted our effective income tax rate from the comparable period.

Our ending gross unrecognized tax benefits as of September 26, 2015 was $302 million ($577 million as of December 27, 2014).

Note 20: Other Comprehensive Income (Loss)

The changes in accumulated other comprehensive income (loss) by component and related tax effects in the first nine months of 2015 were as follows:

(In Millions)	Unrealized Holding Gains (Losses) on Available-for-Sale Investments			Deferred Tax Asset Valuation Allowance			Unrealized Holding Gains (Losses) on Derivatives			Prior Service Credits (Costs)			Actuarial Gains (Losses)			Foreign Currency Translation Adjustment			Total
December 27, 2014	$	2,459		$	26		$	(423	)	$	(47	)	$	(1,004	)	$	(345	)	$	666
Other comprehensive income (loss) before reclassifications	(1,365		)	—			(268		)	—			—			(187		)	(1,820		)
Amounts reclassified out of accumulated other comprehensive income (loss)	(86		)	—			400			6			43			—			363
Tax effects	508			(13		)	(43		)	—			(13		)	17			456
Other comprehensive income (loss)	(943		)	(13		)	89			6			30			(170		)	(1,001		)
September 26, 2015	$	1,516		$	13		$	(334	)	$	(41	)	$	(974	)	$	(515	)	$	(335	)

30

INTEL CORPORATION

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS — Unaudited (Continued)

The amounts reclassified out of accumulated other comprehensive income (loss) into the consolidated condensed statements of income, with presentation location, for each period were as follows:

	Income Before Taxes Impact (In Millions)
	Three Months Ended						Nine Months Ended
Comprehensive Income Components	Sep 26, 2015			Sep 27, 2014			Sep 26, 2015			Sep 27, 2014			Location
Unrealized holding gains (losses) on available-for-sale investments:
	$	1		$	9		$	1		$	7		Interest and other, net
	11			9			85			132			Gains (losses) on equity investments, net
	12			18			86			139
Unrealized holding gains (losses) on derivatives:
Currency forwards	(81		)	(5		)	(217		)	(10		)	Cost of sales
	(50		)	8			(145		)	26			Research and development
	(16		)	2			(38		)	7			Marketing, general and administrative
Other instruments	—			(2		)	—			(2		)	Cost of sales
	(147		)	3			(400		)	21
Amortization of pension and postretirement benefit components:
Prior service credits (costs)	(2		)	(2		)	(6		)	(4		)
Actuarial gains (losses)	(15		)	(10		)	(43		)	(29		)
	(17		)	(12		)	(49		)	(33		)
Total amounts reclassified out of accumulated other comprehensive income (loss)	$	(152	)	$	9		$	(363	)	$	127

The amortization of pension and postretirement benefit components are included in the computation of net periodic benefit cost. For further information, see the "Retirement Benefit Plans" note in Part II, Item 8 of our Annual Report on Form 10-K for the year ended December 27, 2014 and Form 8-K filed with the SEC on June 5, 2015.

We estimate that we will reclassify approximately $241 million (before taxes) of net derivative losses included in accumulated other comprehensive income (loss) into earnings within the next 12 months.

Note 21: 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.

31

INTEL CORPORATION

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS — Unaudited (Continued)

Government Competition Matters and Related Consumer Class Actions

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. In general, they contend that we improperly conditioned price rebates and other discounts on our microprocessors on exclusive or near-exclusive dealing by some of our customers; and they allege that our software compiler business unfairly preferred Intel^® microprocessors over competing microprocessors and that, through the use of our compilers and other means, we have caused the dissemination of inaccurate and misleading benchmark results concerning our microprocessors. Based on the procedural posture of the various remaining competition matters, which we describe in the following paragraphs, our investment of resources to explain and defend our position has declined as compared to the period 2005-2011. Nonetheless, certain of the matters remain active, and these challenges could continue for a number of years, potentially requiring us to invest additional resources. We believe that we compete lawfully and that our marketing, business, intellectual property, and other challenged practices benefit our customers and our stockholders, and we will continue to conduct a vigorous defense in the remaining proceedings.

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 €1.06 billion ($1.447 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. On November 11, 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 is likely to hold oral argument in late 2015 and issue its decision in 2016.

At least 82 separate class-action lawsuits 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 the allegations made in a now-settled lawsuit filed against us 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 lawsuits allege that we 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 dealing 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. The class actions allege various consumer injuries, including that consumers in various states have been injured by paying higher prices for computers containing our microprocessors. We dispute these class-action claims and intend to defend the lawsuits vigorously.

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INTEL CORPORATION

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS — Unaudited (Continued)

All of the federal and state class actions other than the California class actions were 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 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 personal computers containing products sold by us. In July 2010, the Special Master issued a Report and Recommendation (Report) denying the motion to certify a class. The MDL plaintiffs filed objections to the Special Master's Report, and a hearing on those objections was held before the district court in July 2013. In July 2014, the district court affirmed the Special Master's ruling and issued an order denying the MDL plaintiffs' motion for class certification. In August 2014, plaintiffs filed a petition for interlocutory appeal of the district court's decision with the U.S. Court of Appeals for the Third Circuit, which the Third Circuit denied in October 2014. In December 2014, Intel filed a motion for summary judgment on the claims of the remaining individual plaintiffs. We subsequently negotiated a settlement of the claims and the case was dismissed in September 2015.

All California class actions have been consolidated in the Superior Court of California in Santa Clara County. The plaintiffs in the California actions moved for class certification, which we are in the process of opposing. At our request, the court in the California actions agreed to delay ruling on this motion until after the Delaware district court ruled on the similar motion in the MDL proceedings. The plaintiffs asked the court for leave to retain a new expert and to amend their previous motion for class certification. The court granted plaintiffs’ request in February 2015 and the hearing on plaintiffs’ amended class certification motion is, scheduled to take place in December 2015. Given the procedural posture and the nature of these cases, we are unable to make a reasonable estimate of the potential loss or range of losses, if any, arising from these matters.

In re High Tech Employee Antitrust Litigation

Between May and July 2011, former employees of Intel, Adobe Systems Incorporated, Apple Inc., Google Inc., Intuit Inc., Lucasfilm Ltd., and Pixar filed antitrust class action lawsuits in the California Superior Courts alleging that these companies had entered into a conspiracy to suppress the compensation of their employees. The lawsuits were removed to the United States District Court for the Northern District of California, and in September 2011 the plaintiffs filed a consolidated amended complaint, captioned In re High Tech Employee Antitrust Litigation. The plaintiffs’ allegations reference the 2009 and 2010 investigation by the Department of Justice (DOJ) into employment practices in the technology industry, as well as the DOJ’s complaints and subsequent stipulated final judgments with the seven companies named as defendants in the lawsuits. The plaintiffs allege that the defendants entered into certain unlawful agreements not to cold call employees of particular other defendants and that there was an overarching conspiracy among the defendants. Plaintiffs assert one such agreement specific to Intel, namely that Intel and Google entered into an agreement starting in 2005, not to cold call each other's employees. Plaintiffsassert claims under Section 1 of the Sherman Antitrust Act and Section 4 of the Clayton Antitrust Act and seek a declaration that the defendants’ alleged actions violated the antitrust laws, damages trebled as provided for by law under the Sherman Act or Clayton Act, restitution and disgorgement, and attorneys’ fees and costs.

In October 2013, the district court certified a class consisting of approximately 65,000 current or former employees of the seven defendants and set the matter for trial in late May 2014. The so-called "technical class" consists of a group of current and former technical, creative, and R&D employees at each of the defendants. In January 2014, Intel filed a motion for summary judgment, which the court denied in March 2014.

In April 2014, Intel, Adobe, Apple, and Google reached an agreement with plaintiffs to settle this lawsuit, but in August 2014, the district court denied preliminary approval of the settlement. In September 2014, defendants filed a petition for writ of mandamus asking the U.S. Court of Appeals for the Ninth Circuit to reverse the district court’s decision. The Ninth Circuit ordered briefing and scheduled a March 2015 hearing date on the writ petition. Defendants have withdrawn the petition for writ of mandamus in light of the settlement agreement discussed below.

In January 2015, Intel, Adobe, Apple, and Google reached a second agreement with plaintiffs to settle this lawsuit, which the court preliminarily approved in March 2015. The court held a final fairness hearing in July 2015, and, in September 2015, gave its final approval of the settlement and entered final judgment in the lawsuit. We made our settlement payment in October 2015, which we accrued for in our operating expenses for 2014. Although we disputed the plaintiffs’ claims, we agreed to settle the lawsuit to avoid the uncertainties, expenses, and diversion of resources from continued litigation.

33

INTEL CORPORATION

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS — Unaudited (Continued)

Shareholder Derivative Litigation regarding High Tech Employee Antitrust Litigation

In March 2014, the Police Retirement System of St. Louis 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 a current officer. The complaint alleges that the defendants breached their duties to the company by participating in, or allowing, alleged antitrust violations, as described in In re High Tech Employee Antitrust Litigation. 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 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 a current officer. The lawsuit makes allegations that are substantially similar to those in the California shareholder derivative litigation described above, but contain additional allegations regarding breach of the duty of disclosure surrounding In re High Tech Employee Antitrust Litigation and that the Intel 2013 and 2014 proxy statements were false and misleading in that they 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 while the California case is on appeal.

Lehman Brothers Holdings Inc. and Lehman Brothers OTC Derivatives Inc. v. Intel

In May 2013, Lehman Brothers OTC Derivatives Inc. (LOTC) and Lehman Brothers Holdings Inc. (LBHI) filed an adversary complaint in the United States Bankruptcy Court in the Southern District of New York asserting claims against us arising from a 2008 contract between Intel and LOTC. Under the terms of the 2008 contract, we prepaid $1.0 billion to LOTC, in exchange for which LOTC was required to deliver to us on or before September 29, 2008, quantities of Intel common stock and cash determined by a formula set forth in the contract. LOTC's performance under the contract was secured by $1.0 billion of cash collateral. Under the terms of the contract, LOTC was obligated to deliver approximately 50 million shares of our common stock to us on September 29, 2008. LOTC failed to deliver any Intel common stock or cash, and we exercised our right of setoff against the $1.0 billion collateral. LOTC and LBHI acknowledge in their complaint that we were entitled to set off our losses against the collateral, but they assert that we withheld collateral in excess of our losses that should have been returned to LOTC. The complaint asserts a claim for breach of contract, a claim for turnover under section 542(a) of the Bankruptcy Code, and a claim for violation of the automatic stay under section 362(a)(3) of the Bankruptcy Code. The complaint does not expressly quantify the amount of damages claimed but does assert multiple theories of damages that impliedly seek up to $312 million of alleged excess collateral, plus interest at LIBOR plus 13.5%, compounded daily. In June 2013, we filed a motion to dismiss plaintiffs' bankruptcy claims and for a determination that the breach of contract claim is "non-core" under the Bankruptcy Code. The bankruptcy court granted our motion in its entirety in December 2013. In May 2014, the United States District Court for the Southern District of New York denied our request that it withdraw its reference of plaintiffs' adversary complaint to the bankruptcy court. In January 2015, Intel and the plaintiffs filed competing motions for summary judgment. Plaintiffs' motion requested judgment against Intel "in the amount of no less than" $129 million, plus interest. In September 2015, the bankruptcy court ruled in favor of Intel and issued proposed findings of fact and conclusions of law recommending that the district court deny plaintiffs’ motion for summary judgment and grant Intel’s motion for summary judgment. In October 2015, plaintiffs voluntarily dismissed the lawsuit with prejudice.

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.

34

INTEL CORPORATION

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS — Unaudited (Continued)

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. Intel, McAfee, and McAfee’s board of directors filed an opposition to plaintiff’s appeal in December 2014. 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.

Note 22: Operating Segments Information

Our operating segments in effect as of September 26, 2015 include:

•    Client Computing Group	•    All other
•    Data Center Group	•    Non-Volatile Memory Solutions Group
•    Internet of Things Group	•    New Devices Group
•    Software and services operating segments
•    McAfee
•    Software and Services Group

During the first quarter of 2015, we combined the PC Client Group and Mobile and Communications Group to create the Client Computing Group (CCG). This change in our organizational structure reflects our strategy to address all aspects of the client computing market segment and utilize our intellectual property to offer compelling customer solutions. All prior-period amounts have been retrospectively adjusted to reflect the way we internally manage and monitor segment performance starting in fiscal year 2015 and includes other minor reorganizations.

The Chief Operating Decision Maker (CODM) is our CEO. The CODM allocates resources to and assesses the performance of each operating segment using information about its revenue and operating income (loss).

We manage our business activities primarily based on a product segmentation basis. CCG and Data Center Group are our reportable operating segments. Internet of Things Group and the aggregated “software and services operating segments” as shown in the preceding operating segment list, do not meet the quantitative thresholds to qualify as reportable operating segments; however, we have elected to disclose the results of these non-reportable operating segments. Our Non-Volatile Memory Solutions Group and New Devices Group operating segments do not meet the quantitative thresholds to qualify as reportable segments and their combined results are included within the “all other” category.

Revenue for our reportable and aggregated non-reportable operating segments is primarily related to the following product lines:

• Client Computing Group. Includes platforms designed for the notebook (including Ultrabook™ devices), 2 in 1 systems, the desktop (including all-in-ones and high-end enthusiast PCs), tablets, and smartphones; wireless and wired connectivity products; as well as mobile communication components.

• Data Center Group.Includes server, network, and storage platforms designed for enterprise, cloud, communications infrastructure, and technical computing segments.

• Internet of Things Group. Includes platforms designed for embedded market segments including retail, transportation, industrial, and buildings and home, along with a broad range of other market segments.

• Software and services operating segments.Includes software and hardware products for endpoint security, network and content security, risk and compliance, and consumer and mobile security from our McAfee business, and software products and services that promote Intel architecture as the platform of choice for software development.

35

INTEL CORPORATION

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS — Unaudited (Continued)

We have sales and marketing, manufacturing, engineering, finance, and administration groups. Expenses for these groups are generally allocated to the operating segments, and the expenses are included in the following operating results.

The “all other” category includes revenue, expenses, and charges such as:

• results of operations from our Non-Volatile Memory Solutions Group and New Devices Group;

• amounts included within restructuring and asset impairment 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 CODM;

• 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						Nine Months Ended
(In Millions)	Sep 26, 2015			Sep 27, 2014			Sep 26, 2015			Sep 27, 2014
Net revenue:
Client Computing Group
Platform	$	8,089		$	8,749		$	22,262		$	24,744
Other	417			442			1,201			1,262
	8,506			9,191			23,463			26,006
Data Center Group
Platform	3,863			3,439			10,861			9,543
Other	277			261			808			753
	4,140			3,700			11,669			10,296
Internet of Things Group
Platform	501			456			1,450			1,320
Other	80			74			223			231
	581			530			1,673			1,551
Software and services operating segments	556			558			1,624			1,659
All other	682			575			2,012			1,637
Total net revenue	$	14,465		$	14,554		$	40,441		$	41,149
Operating income (loss):
Client Computing Group	$	2,433		$	3,053		$	5,445		$	7,486
Data Center Group	2,127			1,946			5,671			5,124
Internet of Things Group	151			145			383			406
Software and services operating segments	102			29			119			56
All other	(621		)	(633		)	(1,915		)	(2,178		)
Total operating income	$	4,192		$	4,540		$	9,703		$	10,894

36

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Our Management’s Discussion and Analysis of Financial Condition and Results of Operations (MD&A) is provided in addition to the accompanying consolidated condensed financial statements and notes to assist readers in understanding our results of operations, financial condition, and cash flows. MD&A is organized as follows:

• Overview. Discussion of our business and overall analysis of financial and other highlights affecting the company in order to provide context for the remainder of MD&A.

• Results of Operations. Analysis of our financial results comparing the three and nine months endedSeptember 26, 2015 to the three and nine months endedSeptember 27, 2014.

• Liquidity and Capital Resources. Analysis of changes in our balance sheets and cash flows, and discussion of our financial condition and potential sources of liquidity.

• Fair Value of Financial Instruments. Discussion of the methodologies used in the valuation of our financial instruments.

• Contractual Obligations. Material changes, outside our ordinary course of business, to our significant contractual obligations as of December 27, 2014.

This interim MD&A should be read in conjunction with the MD&A in our Annual Report on Form 10-K for the year ended December 27, 2014 and Form 8-K filed with the U.S. Securities and Exchange Commission (SEC) on June 5, 2015. The various sections of this MD&A contain a number of forward-looking statements that involve a number of risks and uncertainties. Words such as "anticipates," "expects," "intends," "goals," "plans," "believes," "seeks," "estimates," "continues," "may," "will," "should," and variations of such words and similar expressions are intended to identify such forward-looking statements. In addition, any statements that refer to projections of our future financial performance, our anticipated growth and trends in our businesses, uncertain events or assumptions, and other characterizations of future events or circumstances are forward-looking statements. Such statements are based on our current expectations and could be affected by the uncertainties and risk factors described throughout this filing and particularly in “Risk Factors” in Part I, Item 1A of our Annual Report on Form 10-K, and as may be updated in our subsequent Quarterly Reports on Form 10-Q. Our actual results may differ materially, and these forward-looking statements do not reflect the potential impact of any divestitures, mergers, acquisitions, or other business combinations, including our definitive agreement with Altera Corporation (Altera) as discussed in “Note 7: Acquisitions” in the Notes to the Consolidated Condensed Financial Statements of this Form 10-Q, that had not been completed as of October 28, 2015.

37

INTEL CORPORATION

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (Continued)

Overview

Our results of operations for each period were as follows:

(Dollars in Millions, Except Per Share Amounts)	Q3 2015			Q2 2015			Change			Q3 2015			Q3 2014			Change
Net revenue	$	14,465		$	13,195		$	1,270		$	14,465		$	14,554		$	(89	)
Gross margin	$	9,111		$	8,248		$	863		$	9,111		$	9,458		$	(347	)
Gross margin percentage	63.0		%	62.5		%	0.5		%	63.0		%	65.0		%	(2.0		)%
Operating income	$	4,192		$	2,896		$	1,296		$	4,192		$	4,540		$	(348	)
Net income	$	3,109		$	2,706		$	403		$	3,109		$	3,317		$	(208	)
Diluted earnings per common share	$	0.64		$	0.55		$	0.09		$	0.64		$	0.66		$	(0.02	)
Effective tax rate	26.9		%	9.3		%	17.6		%	26.9		%	27.1		%	(0.2		)%

Our Q3 2015 net revenue of $14.5 billion was flat from Q3 2014 and above the midpoint of the Business Outlook provided in July 2015. While net revenue was flat, Client Computing Group (CCG) unit sales decreased, primarily on lower desktop and notebook platforms unit sales, offset by higher CCG average selling price, Data Center Group (DCG) platform revenue, and Non-Volatile Memory Solutions Group revenue. Continued weakness in the macroeconomic environment and the overall PC market drove lower demand in the non-consumer segment and emerging markets. Despite this trend, we continue to invigorate our performance product lines, resulting in higher demand and consequently higher average selling prices. We are seeing signs of a stabilizing PC market and our strategy to offer complete and connected computing solutions is delivering growth which is largely offsetting the lower demand of the traditional PC business. DCG posted record net revenue and Non-Volatile Memory Solutions Group and Internet of Things Group (IOTG) net revenue all grew double digit year-over-year.

Gross margin decreased by 2% points from Q3 2014 and in-line with our previous Business Outlook of 63%. The decrease from Q3 2014 was primarily due to higher platform unit costs and lower platform unit sales. These decreases were partially offset by higher platform average selling prices and lower production costs on 14nm which were treated as a period charge in Q3 2014. As compared to Q3 2014, operating income of $4.2 billion was down 8%, net income of $3.1 billion was down 6%, and earnings per share of $0.64 was down 2 cents.

In Q3 2015, we started shipping our 6th generation Intel^® Core^™ processor family, formerly code-named "Skylake". We see our partners in the industry are combining our 6th generation Intel Core processor and Microsoft Windows 10* to drive innovation, creating new user experiences and providing more secure computing. The new 6th generation Intel Core processor is also enabling thinner designs, faster startup time, and better battery life. We introduced 3D XPoint^™ technology in July 2015, a non-volatile memory that has the potential to revolutionize devices, applications or services that benefits from fast access to large sets of data, which was jointly developed with Micron Technology, Inc. Now in production, 3D XPoint technology combines the performance, density, power, non-volatility and cost advantages of existing NAND and conventional memories like DRAM technologies on the market today.

In Q2 2015, we entered into a definitive agreement to acquire Altera. As of the date we entered into the agreement, the transaction had an approximate value of $16.7 billion. While we expect to close this transaction within six to nine months from the date of the agreement, , it is subject to certain regulatory approvals and customary closing conditions. For further information, see "Note 7: Acquisitions" in the Notes to Consolidated Condensed Financial Statements in this Form 10-Q.

Our business continues to generate significant cash with $5.7 billion of cash from operations in Q3 2015. During Q3 2015, we purchased $1.2 billion in capital assets and returned cash to stockholders by both paying $1.1 billion in dividends and repurchasing $1.0 billion of common stock through our stock repurchase program. Additionally, our Board of Directors declared a quarterly cash dividend in September 2015 of $0.24 per share of common stock to be paid in December 2015. We ended Q3 2015 with $20.8 billion of cash and cash equivalents, short-term investments, and trading assets, which represented a $7.0 billion increase compared to Q2 2015, primarily driven by new long-term debt issued during Q3 2015 as part of our plan to finance our pending acquisition of Altera. For further information, see "Note 13: Borrowings" in the Notes to Consolidated Condensed Financial Statements in this Form 10-Q.

38

INTEL CORPORATION

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (Continued)

For Q4 2015, we are forecasting a revenue midpoint of $14.8 billion, up2% from Q3 2015. This forecast is in-line with the average seasonal increase for the fourth quarter. We are forecasting Q4 2015 gross margin midpoint of 62%, down 1% from Q3 2015 as we continue to transition to 14nm process technology. We are now expecting the midpoint of our capital spending for full year 2015 to be $7.3 billion, down $400 million from the midpoint of our previous Business Outlook of $7.7 billion. For the full year 2015, DCG and IOTG will exhibit strong growth but the annual growth rate for these businesses will be lower than our expectations at the beginning of the year as a result of weaker-than-expected macroeconomic growth. We now expect DCG business to grow in the low double digits versus the prior forecast of approximately fifteen percent. Relative to our forecast at the beginning of the year, we are seeing weakness in the enterprise market segment being partially offset by a stronger than expected cloud market segment.

Our Business Outlook for Q4 2015 and full-year 2015 includes, where applicable, our current expectations for revenue, gross margin percentage, spending (research and development (R&D) plus marketing, general, and administrative (MG&A)), and capital expenditures. We publish our Business Outlook in our quarterly earnings release. Our Business Outlook and any updates thereto are publicly available on our Investor Relations web site www.intc.com. This Business Outlook is not incorporated by reference in this Form 10-Q. We expect that our corporate representatives will, from time to time, meet publicly or privately with investors and others, and may reiterate the forward-looking statements contained in the Business Outlook or in this Form 10-Q.

The statements in the Business Outlook and forward-looking statements in this Form 10-Q are subject to revision during the course of the year in our quarterly earnings releases and filings with the SEC and at other times. The forward-looking statements in the Business Outlook and reiterated or updated in this Form 10-Q will be effective through the close of business on December 11, 2015 unless updated earlier or except as specifically noted otherwise in the Business Outlook. From the close of business on December 11, 2015 until our quarterly earnings release is published, currently scheduled for January 14, 2016, we will observe a “quiet period.”

During the quiet period, the Business Outlook and other forward-looking statements first published in our Form 8-K filed on October 13, 2015, and other forward-looking statements disclosed in the company's news releases and filings with the SEC, as reiterated or updated as applicable in this Form 10-Q, should be considered historical, speaking prior to the quiet period only and not subject to update. During the quiet period, our representatives will not comment on our Business Outlook or our financial results or expectations. The exact timing and duration of the routine quiet period, and any others that we utilize from time to time, may vary at our discretion.

39

INTEL CORPORATION

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (Continued)

Results of Operations – Third Quarter of 2015 Compared to Third Quarter of 2014

The following table sets forth certain consolidated condensed statements of income data as a percentage of net revenue for each period as follows:

	Q3 2015					Q3 2014
(Dollars in Millions, Except Per Share Amounts)	Dollars			% of Net Revenue		Dollars			% of Net Revenue
Net revenue	$	14,465		100.0	%	$	14,554		100.0	%
Cost of sales	5,354			37.0	%	5,096			35.0	%
Gross margin	9,111			63.0	%	9,458			65.0	%
Research and development	2,927			20.2	%	2,842			19.5	%
Marketing, general and administrative	1,910			13.2	%	1,979			13.6	%
Restructuring and asset impairment charges	14			0.1	%	20			0.1	%
Amortization of acquisition-related intangibles	68			0.5	%	77			0.5	%
Operating income	4,192			29.0	%	4,540			31.3	%
Gains (losses) on equity investments, net	165			1.1	%	35			0.2	%
Interest and other, net	(104		)	(0.7	)%	(25		)	(0.2	)%
Income before taxes	4,253			29.4	%	4,550			31.3	%
Provision for taxes	1,144			7.9	%	1,233			8.5	%
Net income	$	3,109		21.5	%	$	3,317		22.8	%
Diluted earnings per common share	$	0.64				$	0.66

Note: We have updated our presentation to reflect platforms sold through the Client Computing Group, the Data Center Group, and the Internet of Things Group (platform).

Our net revenue for Q3 2015 was flat compared to Q3 2014. Total platform unit sales decreased by 17%, driven by the challenging macroeconomic conditions in the current period. In addition, Q3 2014 included higher PC demand driven by Microsoft Windows* XP refresh and higher tablet volume as we ramped the tablet platform business. Most of this decrease was offset by higher platform average selling prices of 19%. The increase in platform average selling prices was driven by a higher proportion of unit sales from DCG platforms, a lower proportion of tablet and phone platform unit sales (which has a lower average selling price), as well as higher average selling prices for the desktop, DCG, and notebook platforms. To a lesser extent, higher Non-Volatile Memory Solutions Group revenue partially offset the decrease in revenue driven by lower total platform unit sales.

Our overall gross margin dollars for Q3 2015decreased by $347 million, or 4%, compared to Q3 2014. This decrease was due to $930 million of higher platform unit costs as our 14nm products constituted a higher proportion of our platform unit sales. The decrease in gross margin was partially offset by higher platform revenue which impacted gross margin by approximately $265 million as well as approximately $155 million of lower production costs on our 14nm products which were treated as a period charge in Q3 2014.

Our overall gross margin percentage decreased to 63.0% in Q3 2015 from 65.0% in Q3 2014. The decrease in gross margin percentage was primarily due to the gross margin decrease in the CCG operating segment. We derived a substantial majority of our overall gross margin dollars in Q3 2015 and Q3 2014 from the sale of platforms in the CCG and DCG operating segments.

40

INTEL CORPORATION

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (Continued)

Client Computing Group

The revenue and operating income for the CCG operating segment for each period were as follows:

(In Millions)	Q3 2015		Q3 2014
Platform revenue	$	8,089	$	8,749
Other revenue	417		442
Net revenue	$	8,506	$	9,191
Operating income	$	2,433	$	3,053

Net revenue for the CCG operating segment decreased by $685 million, or 7%, in Q3 2015 compared to Q3 2014. CCG platform unit sales were down19% and CCG platform average selling prices were up15%.

The decrease in revenue was primarily driven by $722 million of lower notebook platform unit sales, which were down14%, and $604 million of lower desktop platform unit sales, which were down 15%. These decreases were partially offset by $255 million of higher desktop average selling prices, which were up8%, and $196 million of higher notebook average selling prices, which were up4%.

Operating income decreased by $620 million, or 20%, in Q3 2015 compared to Q3 2014, which was driven by $780 million of lower gross margin, partially offset by$160 million of lower operating expenses. Gross margin decreased by approximately $915 million on higher CCG platform unit costs. To a lesser extent, the impact to gross margin on lower CCG platform revenue was approximately $225 million. Lower CCG platform revenue was driven by lower CCG platform unit sales. Lower CCG platform revenue was partially offset by higher CCG platform average selling prices driven by the benefit of lower tablet and phone platform unit sales (which have a lower average selling price) and higher desktop and notebook platform average selling prices. The decrease in gross margin was partially offset by approximately $215 million of lower production costs primarily on our 14nm products which were treated as period charges in Q3 2014.

Data Center Group

The revenue and operating income for the DCG operating segment for each period were as follows:

(In Millions)	Q3 2015		Q3 2014
Platform revenue	$	3,863	$	3,439
Other revenue	277		261
Net revenue	$	4,140	$	3,700
Operating income	$	2,127	$	1,946

Net revenue for the DCG operating segmentincreasedby$440 million, or12%, inQ3 2015compared toQ3 2014. DCG platform average selling prices and unit sales were both up6% driven by continued growth in the Internet cloud computing market segment. To a lesser extent, growth in the communications infrastructure market segment contributed to the increase.

Operating income increased by $181 million, or 9%, in Q3 2015 compared to Q3 2014, which was driven by $287 million of higher gross margin, partially offset by$106 million of higher operating expenses. Gross margin increased by approximately $400 million due to higher DCG platform revenue.

Internet of Things Group

The revenue and operating income for the IOTG operating segment for each period were as follows:

(In Millions)	Q3 2015		Q3 2014
Platform revenue	$	501	$	456
Other revenue	80		74
Net revenue	$	581	$	530
Operating income	$	151	$	145

Net revenue for the IOTG operating segment increased by $51 million, or 10%, in Q3 2015 compared to Q3 2014.

41

INTEL CORPORATION

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (Continued)

Operating income for the IOTG operating segment increased by $6 million, or 4%, in Q3 2015 compared to Q3 2014.

Software and Services Operating Segments

The revenue and operating income for the software and services (SSG) operating segments, including McAfee and the Software and Services Group, for each period were as follows:

(In Millions)	Q3 2015		Q3 2014
Net revenue	$	556	$	558
Operating income	$	102	$	29

Net revenue for the SSG operating segments decreased by $2 million in Q3 2015 compared to Q3 2014.

The operating results for the SSG operating segments increased by $73 million in Q3 2015 compared to Q3 2014, which was driven by $22 million of higher gross margin and$51 million of lower operating expenses.

Operating Expenses

Operating expenses for each period were as follows:

(Dollars in Millions)	Q3 2015			Q3 2014
Research and development (R&D)	$	2,927		$	2,842
Marketing, general and administrative (MG&A)	$	1,910		$	1,979
R&D and MG&A as percentage of net revenue	33		%	33		%
Restructuring and asset impairment charges	$	14		$	20
Amortization of acquisition-related intangibles	$	68		$	77

Research and Development

R&D increased by $85 million, or 3%, in Q3 2015 compared to Q3 2014. This increase was driven by expenses of newly acquired entities and higher product development, primarily in DCG, IOTG, and within the "all other" operating segment category, partially offset by lower profit-dependent compensation.

Marketing, General and Administrative

MG&A decreased by $69 million, or 3%, in Q3 2015 compared to Q3 2014. This decrease was driven by lower marketing expenses.

42

INTEL CORPORATION

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (Continued)

Restructuring and Asset Impairment Charges

Restructuring and asset impairment charges by program for each period were as follows:

(In Millions)	Q3 2015			Q3 2014
2015 restructuring program	$	22		$	—
2013 restructuring program	(8		)	20
Total restructuring and asset impairment charges	$	14		$	20

2015 Restructuring Program

Restructuring and asset impairment charges for the 2015 restructuring program for each period were as follows:

(In Millions)	Q3 2015		Q3 2014
Employee severance and benefit arrangements	$	20	$	—
Asset impairments and other restructuring charges	2		—
Total restructuring and asset impairment charges	$	22	$	—

2013 Restructuring Program

Restructuring and asset impairment charges for the 2013 restructuring program for each period were as follows:

(In Millions)	Q3 2015			Q3 2014
Employee severance and benefit arrangements	$	(9	)	$	9
Asset impairments and other restructuring charges	1			11
Total restructuring and asset impairment charges	$	(8	)	$	20

For further discussion, see "Results of Operations – First Nine Months of 2015 Compared to First Nine Months of 2014."

Gains (Losses) on Equity Investments and Interest and Other, Net

Gains (losses) on equity investments and interest and other, net for each period were as follows:

(In Millions)	Q3 2015			Q3 2014
Gains (losses) on equity investments, net	$	165		$	35
Interest and other, net	$	(104	)	$	(25	)

We recognized higher net gains on equity investments in Q3 2015 compared to Q3 2014 due to higher gains primarily on third-party merger transactions.

We recognized higher interest and other net loss in Q3 2015 compared to Q3 2014 primarily due to an increase in interest expense related to the issuance of our $8.0 billion aggregate principal amount of senior unsecured notes in Q3 2015. For further information, see "Note 13: Borrowings."

Provision for Taxes

Our provision for taxes and effective tax rate for each period were as follows:

(Dollars in Millions)	Q3 2015			Q3 2014
Income before taxes	$	4,253		$	4,550
Provision for taxes	$	1,144		$	1,233
Effective tax rate	26.9		%	27.1		%

The change in our effective tax rate between Q3 2015 and Q3 2014 was primarily driven by a higher percentage of our profits generated in lower tax jurisdictions.

43

Results of Operations – First Nine Months of 2015 Compared to First Nine Months of 2014

Certain consolidated condensed statements of income data as a percentage of net revenue for each period were as follows:

	YTD 2015					YTD 2014
(Dollars in Millions, Except Per Share Amounts)	Dollars			% of Net Revenue		Dollars		% of Net Revenue
Net revenue	$	40,441		100.0	%	$	41,149	100.0	%
Cost of sales	15,352			38.0	%	15,161		36.8	%
Gross margin	25,089			62.0	%	25,988		63.2	%
Research and development	9,009			22.3	%	8,547		20.8	%
Marketing, general and administrative	5,812			14.4	%	6,087		14.8	%
Restructuring and asset impairment charges	367			0.8	%	238		0.6	%
Amortization of acquisition-related intangibles	198			0.5	%	222		0.5	%
Operating income	9,703			24.0	%	10,894		26.5	%
Gains (losses) on equity investments, net	297			0.7	%	178		0.4	%
Interest and other, net	(91		)	(0.2	)%	70		0.2	%
Income before taxes	9,909			24.5	%	11,142		27.1	%
Provision for taxes	2,102			5.2	%	3,099		7.6	%
Net income	$	7,807		19.3	%	$	8,043	19.5	%
Diluted earnings per common share	$	1.59				$	1.58

Our net revenue for thefirst nine monthsof2015decreasedby$708 million, or2%, compared to thefirst nine monthsof2014.Total platform unit sales decreased by 7%, driven by the challenging macroeconomic conditions in the current period. In addition, the first nine months of 2014 included higher PC demand due to the Microsoft Windows* XP refresh. The decrease was partially offset by higher platform average selling prices of 5%. The higher platform average selling price was driven by a higher proportion of DCG platform unit sales and higher average selling prices for both desktop and DCG platforms, offset by a higher proportion of phone platform unit sales (which have a lower average selling price). The decrease in revenue was also partially offset by higher Non-Volatile Memory Solutions Group revenue.

Our overall gross margin dollars for the first nine months of 2015decreased by $899 million, or 3%, compared to the first nine months of 2014. The decrease was primarily due to approximately $1.1 billion of higher platform unit costs. To a lesser extent lower platform revenue, primarily in the CCG operating segment, also contributed to the decrease. This decrease was partially offset by approximately $385 million lower factory start-up costs, primarily on our next-generation 14nm process technology.

Our overall gross margin percentage decreased to 62.0% in the first nine months of 2015 from 63.2% in the first nine months of 2014. The decrease in gross margin percentage was primarily due to the gross margin decrease in CCG operating segment, partially offset by the gross margin increase in DCG. We derived a substantial majority of our overall gross margin dollars for the first nine months of 2015 and the first nine months of 2014 from the sale of platforms in the CCG and DCG operating segments.

44

Client Computing Group

The revenue and operating income for the CCG operating segment for each period were as follows:

(In Millions)	YTD 2015		YTD 2014
Platform revenue	$	22,262	$	24,744
Other revenue	1,201		1,262
Net revenue	$	23,463	$	26,006
Operating income	$	5,445	$	7,486

Net revenue for the CCG operating segment decreased by $2.5 billion, or 10%, in thefirst nine monthsof2015compared to thefirst nine monthsof2014. CCG platform unit sales were down9%, while CCG platform average selling prices were flat.

The decrease in revenue was primarily driven by $2.1 billion of lower desktop platform unit sales, which were down 18%. To a lesser extent, $1.1 billion of lower notebook platform unit sales, which were down 8%, also contributed to the decrease. These decreases were partially offset by $483 million of higher desktop platform average selling prices, which were up6% and $199 million of higher tablet average selling prices.

Operating income decreased by $2.0 billion, or 27%, in the first nine months of 2015 compared to the first nine months of 2014, which was driven by $2.3 billion of lower gross margin, partially offset by$304 million of lower operating expenses. Gross margin decreased by approximately $1.8 billion due to lower CCG platform revenue, primarily driven by the decrease in desktop and notebook platform unit sales. To a lesser extent, approximately $1.3 billion of higher CCG platform unit costs also contributed to the decrease in gross margin. These decreases were partially offset by approximately $385 million of lower factory start-up costs, primarily driven by the ramp of our 14nm process technology.

Data Center Group

The revenue and operating income for the DCG operating segment for each period were as follows:

(In Millions)	YTD 2015		YTD 2014
Platform revenue	$	10,861	$	9,543
Other revenue	808		753
Net revenue	$	11,669	$	10,296
Operating income	$	5,671	$	5,124

Net revenue for the DCG operating segmentincreasedby$1.4 billion, or13%, in thefirst nine monthsof2015compared to thefirst nine monthsof2014. DCG platform unit sales and average selling prices were up9%and5%, respectively.The increase in revenue was driven by continued growth in the Internet cloud computing market segment. To a lesser extent, growth in the communications infrastructure market segment contributed to the increase.

Operating income increased by $547 million, or 11%, in the first nine months of 2015 compared to the first nine months of 2014 with $1.1 billion of higher gross margin, partially offset by$541 million of higher operating expenses. The increase in operating expenses was primarily driven by higher product development costs. Gross margin increased by approximately $1.2 billion due to higher DCG platform revenue.

45

Internet of Things Group

The revenue and operating income for the IOTG operating segment for each period were as follows:

(In Millions)	YTD 2015		YTD 2014
Platform revenue	$	1,450	$	1,320
Other revenue	223		231
Net revenue	$	1,673	$	1,551
Operating income	$	383	$	406

Net revenue for the IOTG operating segmentincreasedby$122 million, or8%, in thefirst nine monthsof2015compared to thefirst nine monthsof2014. The increase was primarily due to higher IOTG platform unit sales based on strength in the retail market segment.

Operating income for the IOTG operating segment decreased by $23 million, or 6%, in the first nine months of 2015 compared to the first nine months of 2014. The decrease in operating income was driven by continued investment in product development across our operating segments including the Internet of Things market segment. This decrease was partially offset by lower costs related to product transition and higher IOTG platform revenue.

Software and Services Operating Segments

The revenue and operating income for the SSG operating segments, including McAfee and the Software and Services Group, for each period were as follows:

(In Millions)	YTD 2015		YTD 2014
Net revenue	$	1,624	$	1,659
Operating income	$	119	$	56

Net revenue for the SSG operating segments decreased by $35 million in the first nine months of 2015 compared to the first nine months of 2014.

The operating results for the SSG operating segments increased by $63 million in the first nine months of 2015 compared to the first nine months of 2014, which was driven by $66 million of lower operating expenses.

Operating Expenses

Operating expenses for each period were as follows:

(Dollars in Millions)	YTD 2015			YTD 2014
Research and development (R&D)	$	9,009		$	8,547
Marketing, general and administrative (MG&A)	$	5,812		$	6,087
R&D and MG&A as percentage of net revenue	37		%	36		%
Restructuring and asset impairment charges	$	367		$	238
Amortization of acquisition-related intangibles	$	198		$	222

Research and Development

R&D increased by $462 million, or 5%, in the first nine months of 2015 compared to the first nine months of 2014. This increase was driven by higher product development, primarily in DCG, IOTG, and within the "all other" operating segment category, higher process development costs for our 10nm process technology, and expenses of newly acquired entities. These increases were partially offset by lower profit-dependent compensation.

Marketing, General and Administrative

MG&A decreased by $275 million, or 5%, in the first nine months of 2015 compared to the first nine months of 2014. This decrease was driven by lower marketing expenses.

46

Restructuring and Asset Impairment Charges

Restructuring and asset impairment charges by program for each period were as follows:

(In Millions)	YTD 2015		YTD 2014
2015 restructuring program	$	272	$	—
2013 restructuring program	95		238
Total restructuring and asset impairment charges	$	367	$	238

2015 Restructuring Program

Beginning in Q2 2015, management approved and commenced implementation of restructuring actions, primarily targeted workforce reductions, as we adjusted resources from areas of disinvestment to areas of investment. We expect these actions to be substantially complete by the end of 2015.

Restructuring and asset impairment charges for the 2015 restructuring program for each period were as follows:

(In Millions)	YTD 2015		YTD 2014
Employee severance and benefit arrangements	$	270	$	—
Asset impairments and other restructuring charges	2		—
Total restructuring and asset impairment charges	$	272	$	—

Restructuring and asset impairment activity for the 2015 restructuring program for thefirst nine months of 2015was as follows:

(In Millions)	Employee Severance and Benefits			Asset Impairments and Other			Total
Accrued restructuring balance as of December 27, 2014	$	—		$	—		$	—
Additional accruals	283			2			285
Adjustments	(13		)	—			(13		)
Cash payments	(178		)	—			(178		)
Non-cash settlements	—			(1		)	(1		)
Accrued restructuring balance as of September 26, 2015	$	92		$	1		$	93

We recorded the additional accruals as restructuring and asset impairment charges in the consolidated condensed statements of income and within the “all other” operating segments category.Substantially allof the accrued restructuring balance as of September 26, 2015is expected to be paid within the next 12 months and was recorded as a current liability within accrued compensation and benefits on the consolidated condensed balance sheets.

Restructuring actions related to this program that were approved in 2015 impacted approximately3,800employees.

We estimate that employee severance and benefit charges incurred to date as part of the 2015 restructuring program will result in gross annual savings of approximately $400 million, which will be realized within R&D, cost of sales and MG&A. We began to realize these savings in Q2 2015 and now expect to fully realize these savings beginning in Q1 2016.

2013 Restructuring Program

Beginning in Q3 2013, management approved and commenced implementation of several restructuring actions, including targeted workforce reductions and the exit of certain businesses and facilities. These actions include the wind down of our 200 millimeter wafer fabrication facility in Massachusetts, which ceased production in Q1 2015, and the closure of our assembly and test facility in Costa Rica, which ceased production in Q4 2014. These targeted reductions will enable us to better align our resources in areas providing the greatest benefit in the current business environment. We expect these actions to be substantially complete by the end of 2015.

47

Restructuring and asset impairment charges for the 2013 restructuring program for each period were as follows:

(In Millions)	YTD 2015		YTD 2014
Employee severance and benefit arrangements	$	87	$	218
Asset impairments and other restructuring charges	8		20
Total restructuring and asset impairment charges	$	95	$	238

Restructuring and asset impairment activity for the 2013 restructuring program for the first nine months of 2015 was as follows:

(In Millions)	Employee Severance and Benefits			Asset Impairments and Other			Total
Accrued restructuring balance as of December 27, 2014	$	121		$	11		$	132
Additional accruals	100			9			109
Adjustments	(13		)	(1		)	(14		)
Cash payments	(156		)	(14		)	(170		)
Non-cash settlements	—			(3		)	(3		)
Accrued restructuring balance as of September 26, 2015	$	52		$	2		$	54

We recorded the additional accruals and adjustments as restructuring and asset impairment charges in the consolidated condensed statements of income and within the “all other” operating segments category. Substantially all of the accrued restructuring balance as of September 26, 2015is expected to be paid by the end of 2015 and was recorded as a current liability within accrued compensation and benefits on the consolidated condensed balance sheets.

Restructuring actions related to this program that were approved in 2015 impacted approximately 1,100 employees.Since Q3 2013, we have incurred a total of $630 million in restructuring and asset impairment charges related to this program. These charges included a total of $553 million related to employee severance and benefit arrangements for approximately 8,700 employees, and $77 million in asset impairment charges and other restructuring charges.

We estimate that employee severance and benefit charges incurred to date as part of the 2013 restructuring program will result in gross annual savings of approximately $600 million, which will be realized in R&D, MG&A and cost of sales. We began to realize these savings in Q4 2013 and now expect to fully realize these savings beginning in Q1 2016.

Gains (Losses) on Equity Investments and Interest and Other, Net

Gains (losses) on equity investments and interest and other, net for each period were as follows:

(In Millions)	YTD 2015			YTD 2014
Gains (losses) on equity investments, net	$	297		$	178
Interest and other, net	$	(91	)	$	70

We recognized higher net gains on equity investments in the first nine months of 2015 compared to the first nine months of 2014 primarily due to higher gains on third-party merger transactions offset by higher equity method losses and lower gains on exits.

We recognized an interest and other, net loss in the first nine months of 2015 compared to a net gain in the first nine months of 2014. We recognized a net loss in the first nine months of 2015 primarily due to interest expense which now includes the Q3 2015 issuance of our $8.0 billion aggregate principal amount of senior unsecured notes. For further information, see "Note 13: Borrowings." We recognized a net gain in the first nine months of 2014 primarily due to a gain recognized on the divestiture of our Intel Media assets in Q1 2014.

48

Provision for Taxes

Our provision for taxes and effective tax rate for each period were as follows:

(Dollars in Millions)	YTD 2015			YTD 2014
Income before taxes	$	9,909		$	11,142
Provision for taxes	$	2,102		$	3,099
Effective tax rate	21.2		%	27.8		%

Most of the decrease in our effective tax rate between the first nine months of 2015 and the first nine months of 2014 was driven by the following Q2 2015 events: the settlement of a one-time refund claim involving asset tax basis resulting in the recognition of a $320 million tax benefit and our decision during 2015 to indefinitely reinvest certain prior years' non-U.S. earnings resulting in the release of $185 million previously accrued U.S. deferred taxes. In addition, a higher proportion of our income from lower taxed jurisdictions positively impacted our effective income tax rate.

Liquidity and Capital Resources

(Dollars in Millions)	Sep 26, 2015			Dec 27, 2014
Cash and cash equivalents, short-term investments, and trading assets	$	20,843		$	14,054
Other long-term investments	$	1,829		$	2,023
Loans receivable and other	$	1,191		$	1,335
Reverse repurchase agreements with original maturities greater than approximately three months	$	2,650		$	450
Unsettled trade liabilities and other	$	200		$	77
Short-term and long-term debt	$	21,188		$	13,655
Temporary equity	$	905		$	912
Debt as percentage of permanent stockholders’ equity	37.1		%	24.4		%

In summary, our cash flows for each period were as follows:

(In Millions)	YTD 2015			YTD 2014
Net cash provided by operating activities	$	13,590		$	14,647
Net cash used for investing activities	(10,911		)	(8,001		)
Net cash provided by (used for) financing activities	1,824			(9,172		)
Effect of exchange rate fluctuations on cash and cash equivalents	1			(5		)
Net increase (decrease) in cash and cash equivalents	$	4,504		$	(2,531	)

Operating Activities

Cash provided by operating activities is net income adjusted for certain non-cash items and changes in assets and liabilities.

For the first nine months of 2015 compared to the first nine months of 2014, the $1.1 billiondecrease in cash provided by operations was due to adjustments to net income for non-cash items and changes in working capital. The adjustments to net income were lower due to deferred taxes, partially offset by higher depreciation.

Changes in assets and liabilities as of September 26, 2015, compared to December 27, 2014, included a decrease in accrued compensation and benefits due to the payout of 2014 profit-dependent compensation and an increase in inventories due to the ramp of our 5th generation Intel Core processor family of products, partially offset by an income taxes net payable resulting from income tax payments made in 2014.

49

INTEL CORPORATION

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (Continued)

For the first nine months of 2015, our three largest customers accounted for 46% of net revenue (46% for the first nine months of 2014) with Hewlett-Packard Company accounting for 18% of our net revenue (18% for the first nine months of 2014), Dell Inc. accounting for 15% of our net revenue (16% for the first nine months of 2014), and Lenovo Group Limited accounting for 13% of our net revenue (12% for the first nine months of 2014). These three customers accounted for 43% of net accounts receivable as of September 26, 2015 (43% as of December 27, 2014).

Investing Activities

Investing cash flows consist primarily of capital expenditures; investment purchases, sales, maturities, and disposals; as well as proceeds from divestitures and cash used for acquisitions.

Cash used for investing activities was higher for the first nine months of 2015 compared to the first nine months of 2014. Cash used for investing activities increased primarily due to lower maturities of available-for-sale investments, higher originations of loans receivable and reverse repurchase agreements, and higher purchases of available-for-sale investments. This increase was partially offset by lower additions to property, plant and equipment, lower purchases of trading assets, and higher maturities and sales of trading assets.

Financing Activities

Financing cash flows consist primarily of repurchases of common stock, payment of dividends to stockholders, issuance and repayment of short-term and long-term debt, and proceeds from the sale of shares of common stock through employee equity incentive plans.

Cash was provided by financing activities for the first nine months of 2015 compared to cash used by financing activities for the first nine months of 2014, primarily due to the issuance of long-term debt and fewer repurchases of common stock in 2015.

Liquidity

Cash generated by operations is our primary source of liquidity. We maintain a diverse investment portfolio that we continually analyze based on issuer, industry, and country. As of September 26, 2015, cash and cash equivalents, short-term investments, and trading assets totaled $20.8 billion ($14.1 billion as of December 27, 2014). In addition to the $20.8 billion, we have $2.7 billion of reverse repurchase agreements with original maturities greater than approximately three months, $1.8 billion of other long-term investments, and $1.2 billion of loans receivable and other investments, that we include when assessing our sources of liquidity. Most of our investments in debt instruments are in A/A2 rated issuances, and the majority of the issuances are rated AA-/Aa3.

Another potential source of liquidity is an ongoing authorization from our Board of Directors to borrow up to$5.0 billion, which our Board of Directors increased from $3.0 billion during Q2 2015. This ongoing authorization includes borrowings under our commercial paper program. Maximum borrowings under our commercial paper program were$900 million during the first nine months of 2015 and no commercial paper remained outstanding as of September 26, 2015. Our commercial paper was ratedA-1+by Standard & Poor’s andP-1by Moody’s as ofSeptember 26, 2015. We also have an automatic shelf registration statement on file with the SEC, pursuant to which we may offer an unspecified amount of debt, equity, and other securities. In Q3 2015, we utilized this shelf registration statement and issued $8.0 billion aggregate principal amount of senior unsecured notes. These notes were issued primarily to fund a portion of the cash consideration for our pending acquisition of Altera. For further information on the terms of the notes, see “Note 13: Borrowings” in the Notes to Consolidated Condensed Financial Statements of this Form 10-Q.

As of September 26, 2015, $10.1 billion of our $20.8 billion of cash and cash equivalents, short-term investments, and trading assets was held by our non-U.S. subsidiaries. Of the $10.1 billion held by our non-U.S. subsidiaries, approximately $434 million was available for use in the U.S. without incurring additional U.S. income taxes in excess of the amounts already accrued in our financial statements as of September 26, 2015. The remaining amount of non-U.S. cash and cash equivalents, short-term investments, and trading assets has been indefinitely reinvested and, therefore, no U.S. current or deferred taxes have been accrued and this amount is earmarked for near-term investment in our operations outside the U.S. and future acquisitions of non-U.S. entities. We believe our U.S. sources of cash and liquidity are sufficient to meet our business needs in the U.S. and do not expect that we will need to repatriate the funds we have designated as indefinitely reinvested outside the U.S. Under current tax laws, should our plans change and we were to choose to repatriate some or all of the funds we have designated as indefinitely reinvested outside the U.S., such amounts would be subject to U.S. income taxes and applicable non-U.S. income and withholding taxes.

50

INTEL CORPORATION

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (Continued)

During Q2 2015, we entered into a definitive agreement to acquire Altera in an all-cash transaction expected to close within six to nine months from the date of the agreement. As of the date we entered into the agreement, the transaction had an approximate value of $16.7 billion. We intend to finance the acquisition through a combination of $7.0 billion to $9.0 billionin long-term debt, including the notes issued during Q3 2015, described in Note 13: Borrowings, and the remainder with commercial paper and cash and investments. The timing, amount and terms of any additional debt financing are subject to market and other conditions.

We believe we have sufficient financial resources to meet our business requirements in the next 12 months, including capital expenditures for worldwide manufacturing and assembly and test; working capital requirements; and potential dividends, common stock repurchases, acquisitions, and strategic investments.

Fair Value of Financial Instruments

When determining fair value, we consider the principal or most advantageous market in which we would transact, and we consider assumptions, such as an obligor’s credit risk, that market participants would use when pricing the asset or liability. For further information, see “Note 3: Fair Value” in the Notes to Consolidated Condensed Financial Statements in this Form 10-Q.

Marketable Debt Instruments

As of September 26, 2015, our assets measured and recorded at fair value on a recurring basis included $21.3 billion of marketable debt instruments. Of these instruments, $4.6 billion was classified as Level 1, $16.5 billion as Level 2, and $92 million as Level 3.

Our marketable debt instruments that are measured and recorded at fair value on a recurring basis and classified as Level 1 were classified as such due to the use of observable market prices for identical securities that are traded in active markets. We evaluate security-specific market data when determining whether the market for a debt security is active.

Of the $16.5 billion of marketable debt instruments measured and recorded at fair value on a recurring basis and classified as Level 2, approximately 70% was classified as Level 2 due to the use of a discounted cash flow model performed by us and approximately 30% was classified as such due to the use of non-binding market consensus prices that were corroborated with observable market data.

Our marketable debt instruments that are measured and recorded at fair value on a recurring basis and classified as Level 3 are classified as such because the fair values are generally derived from discounted cash flow models, performed either by us or our pricing providers, using inputs that we are unable to corroborate with observable market data. We monitor and review the inputs and results of these valuation models to help ensure the fair value measurements are reasonable and consistent with market experience in similar asset classes.

Loans Receivable and Reverse Repurchase Agreements

As of September 26, 2015, our assets measured and recorded at fair value on a recurring basis included $490 million of loans receivable and $668 million of reverse repurchase agreements. All of these investments were classified as Level 2, as the fair value is determined using a discounted cash flow model with all significant inputs derived from or corroborated with observable market data.

Marketable Equity Securities

As of September 26, 2015, our assets measured and recorded at fair value on a recurring basis included $5.6 billion of marketable equity securities. Substantially all of these securities were classified as Level 1 because the valuations were based on quoted prices for identical securities in active markets. Our assessment of an active market for our marketable equity securities generally takes into consideration the number of days that each individual equity security trades over a specified period.

51

INTEL CORPORATION

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (Continued)

Contractual Obligations

Pending Acquisition of Altera Corporation

During Q22015, we entered into a definitive agreement to acquire Altera in an all-cash transaction expected to close within six to nine months from the date of the agreement. The acquisition will couple Intel’s leading-edge products and manufacturing process with Altera’s leading field-programmable gate array technology. The combination is expected to enable new classes of products that meet customer needs in the data center and Internet of Things market segments. Upon completion of the acquisition, each outstanding share of Altera common stock and, subject to certain exceptions, each share of Altera common stock underlying vested stock option awards, restricted stock unit awards and performance-based restricted stock unit awards will be converted into the right to receive$54.00 per share in cash, without interest. As of the date we entered into the agreement, the transaction had an approximate value of $16.7 billion. This transaction is subject to certain regulatory approvals and customary closing conditions.We intend to finance the acquisition through a combination of$7.0 billion to $9.0 billionin long-term debt, including the notes issued during Q3 2015, described in Note 13: Borrowings, and the remainder with commercial paper and cash and investments. The timing, amount and terms of any additional debt financing are subject to market and other conditions.

Investment in 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 smartphones. We have also agreed to invest up to 9.0 billionChinese yuan (approximately$1.5 billionas of the date of the agreement) for a minority stake of approximately20%of Beijing UniSpreadtrum Technology Ltd. (UniSpreadtrum), a holding company under Tsinghua Unigroup. During Q3 2015, we invested$966 millionto complete the first phase of the equity investment.Subject to regulatory approvals and other closing conditions, the second phase of the investment will require additional funding of approximately$500 million.

52

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

We are affected by changes in currency exchange rates, interest rates, and equity prices. The information in this section should be read in conjunction with the discussion about market risk and sensitivity analysis related to changes in currency exchange rates in Part II, Item 7A, Quantitative and Qualitative Disclosures About Market Risk, in our Annual Report on Form 10-K for the year ended December 27, 2014. All of the following potential changes are based on sensitivity analyses performed on our financial positions as of September 26, 2015 and December 27, 2014. Actual results may differ materially.

Interest Rates

We generally hedge interest rate risks of fixed-rate debt instruments with interest rate swaps. Gains and losses on these investments are generally offset by corresponding losses and gains on the related hedging instruments.

We are exposed to interest rate risk related to our investment portfolio and indebtedness. Our indebtedness includes our debt issuances and the liability associated with a long-term patent cross-license agreement with NVIDIA Corporation. The primary objective of our investments in debt instruments is to preserve principal while maximizing yields, which generally track the U.S. dollar three-month LIBOR. A hypothetical decrease in interest rates of up to 1.0% would have resulted in an increase in the fair value of our indebtedness of approximately $1.7 billion as of September 26, 2015 (an increase of approximately $1.0 billion as of December 27, 2014). The increase from December 27, 2014 was primarily driven by the inclusion of $8.0 billion of senior unsecured notes issued in Q3 2015. A hypothetical decrease in benchmark interest rates of up to 1.0%, after taking into account investment hedges, would have resulted in an increase in the fair value of our investment portfolio of approximately $15 million as of September 26, 2015 (an increase of approximately $10 million as of December 27, 2014). The fluctuations in fair value of our investment portfolio and indebtedness reflect only the direct impact of the change in interest rates. Other economic variables, such as equity market fluctuations and changes in relative credit risk, could result in a significantly higher decline in the fair value of our net investment position. For further information on how credit risk is factored into the valuation of our investment portfolio and debt issuances, see "Note 3: Fair Value" in Notes to Consolidated Condensed Financial Statements in this Form 10-Q.

Equity Prices

Our investments include marketable equity securities and equity derivative instruments. We typically do not attempt to reduce or eliminate our equity market exposure through hedging activities at the inception of our investments. Before we enter into hedge arrangements, we evaluate legal, market, and economic factors, as well as the expected timing of disposal to determine whether hedging is appropriate. Our equity market risk management program may include equity derivatives with or without hedge accounting designation that utilize warrants, equity options, or other equity derivatives.

We also utilize total return swaps to offset changes in liabilities related to the equity market risks of certain deferred compensation arrangements. Gains and losses from changes in fair value of these total return swaps are generally offset by the losses and gains on the related liabilities.

As of September 26, 2015, the fair value of our marketable equity investments and our equity derivative instruments, including hedging positions, was $5.6 billion ($7.1 billion as of December 27, 2014). Substantially all of our marketable equity investments portfolio as of September 26, 2015, was concentrated in our investment in ASML Holding N.V. of $5.4 billion ($6.9 billion as of December 27, 2014). Our marketable equity method investments are excluded from our analysis, as the carrying value does not fluctuate based on market price changes unless an other-than-temporary impairment is deemed necessary. To determine reasonably possible decreases in the market value of our marketable equity investments, we have analyzed the historical market price sensitivity of our marketable equity investment portfolio. Assuming a decline of 40% in market prices, and after reflecting the impact of hedges and offsetting positions, the aggregate value of our marketable equity investments could decrease by approximately $2.3 billion, based on the value as of September 26, 2015 (a decrease in value of approximately $2.1 billion, based on the value as of December 27, 2014 using an assumed decline of 30%).

53

Many of the same factors that could result in an adverse movement of equity market prices affect our non-marketable equity investments, although we cannot always quantify the impact directly. Financial markets are volatile, which could negatively affect the prospects of the companies we invest in, their ability to raise additional capital, and the likelihood of our ability to realize value in our investments through liquidity events such as initial public offerings, mergers, and private sales. These types of investments involve a great deal of risk, and there can be no assurance that any specific company will grow or become successful; consequently, we could lose all or part of our investment. Our non-marketable cost method equity investments had a carrying amount of $3.0 billion as of September 26, 2015 ($1.8 billion as of December 27, 2014) and includes our UniSpreadtrum and Cloudera, Inc. (Cloudera) investments of $966 million and $454 million, respectively ($454 million for Cloudera as of December 27, 2014). The carrying amount of our non-marketable equity method investments was $1.2 billionas of September 26, 2015 ($1.4 billion as of December 27, 2014). Most of our non-marketable equity method investments balance as of September 26, 2015 was concentrated in our IM Flash Technologies, LLC (IMFT) and Cloudera investments of $872 million and $263 million, respectively ($713 million and $280 million for IMFT and Cloudera, respectively, as of December 27, 2014).

54

ITEM 4. CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures

Based on management’s evaluation (with the participation of our Chief Executive Officer (CEO) and Chief Financial Officer (CFO)), as of the end of the period covered by this report, our CEO and CFO have concluded that our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended (the Exchange Act)), are effective to provide reasonable assurance that information required to be disclosed by us in reports that we file or submit under the Exchange Act is recorded, processed, summarized, and reported within the time periods specified in SEC rules and forms, and is accumulated and communicated to management, including our principal executive officer and principal financial officer, as appropriate, to allow timely decisions regarding required disclosure.

Changes in Internal Control Over Financial Reporting

There were no changes to our internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) that occurred during the quarter ended September 26, 2015 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

Inherent Limitations on Effectiveness of Controls

Our management, including the CEO and CFO, does not expect that our disclosure controls or our internal control over financial reporting will prevent or detect all errors and all fraud. A control system, no matter how well designed and operated, can provide only reasonable, not absolute, assurance that the control system’s objectives will be met. The design of a control system must reflect the fact that there are resource constraints, and the benefits of controls must be considered relative to their costs. Further, because of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that misstatements due to error or fraud will not occur or that all control issues and instances of fraud, if any, have been detected. The design of any system of controls is based in part on certain assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions. Projections of any evaluation of the effectiveness of controls to future periods are subject to risks. Over time, controls may become inadequate because of changes in conditions or deterioration in the degree of compliance with policies or procedures.

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PART II – OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

For a discussion of legal proceedings, see “Note 21: Contingencies” in the Notes to Consolidated Condensed Financial Statements in this Form 10-Q.

ITEM 1A. RISK FACTORS

The risks described in Part I, Item 1A, "Risk Factors," in our Annual Report on Form 10-K for the year ended December 27, 2014, could materially and adversely affect our business, financial condition and results of operations, and the trading price of our common stock could decline. These risk factors do not identify all risks that we face - our operations could also be affected by factors that are not presently known to us or that we currently consider to be immaterial to our operations. Due to risks and uncertainties, known and unknown, our past financial results may not be a reliable indicator of future performance and historical trends should not be used to anticipate results or trends in future periods. The Risk Factors section of our 2014 Annual Report on Form 10-K remains current in all material respects.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

Issuer Purchases of Equity Securities

We have an ongoing authorization, originally approved by our Board of Directors in 2005, and subsequently amended, to repurchase up to $65 billion in shares of our common stock in open market or negotiated transactions. As of September 26, 2015, $9.9 billion remained available for repurchase under the existing repurchase authorization limit.

Common stock repurchase activity under our publicly announced stock repurchase plan during the third quarter of 2015 was as follows:

Period	Total Number of Shares Purchased (In Millions)	Average Price Paid Per Share		Dollar Value of Shares That May Yet Be Purchased (In Millions)
June 28, 2015 – July 25, 2015	0.9	$	28.33	$	10,868
July 26, 2015 – August 22, 2015	16.5	28.81		10,393
August 23, 2015 – September 26, 2015	17.4	28.78		$	9,892
Total	34.8	$	28.78

In our consolidated condensed financial statements, we also treat shares of common stock withheld for tax purposes on behalf of our employees in connection with the vesting of restricted stock units as common stock repurchases because they reduce the number of shares that would have been issued upon vesting. These withheld shares of common stock are not considered common stock repurchases under our authorized common stock repurchase plan and accordingly are not included in the common stock repurchase totals in the preceding table.

For further discussion, see "Note 15: Common Stock Repurchases" in the Notes to Consolidated Condensed Financial Statements in this Form 10-Q.

56

ITEM 6. EXHIBITS

		Incorporated by Reference
Exhibit Number	Exhibit Description	Form	File Number	Exhibit	Filing Date	Filed or Furnished Herewith
3.1	Intel Corporation Third Restated Certificate of Incorporation of Intel Corporation dated May 17, 2006	8-K	000-06217	3.1	5/22/2006
3.2	Intel Corporation Bylaws, as amended and restated on July 26, 2011	8-K	000-06217	3.1	7/27/2011
4.1	Fifth Supplemental Indenture, dated as of July 29, 2015, between Intel Corporation and Wells Fargo Bank, National Association, as successor trustee	8-K	000-06217	4.1	7/29/2015
4.2	Sixth Supplemental Indenture, dated as of August 11, 2015, among Intel Corporation, Wells Fargo Bank, National Association, as successor trustee, and Elavon Financial Services Limited, UK Branch, as paying agent	8-K	000-06217	4.1	8/11/2015
12.1	Statement Setting Forth the Computation of Ratios of Earnings to Fixed Charges					X
31.1	Certification of Chief Executive Officer pursuant to Rule 13a-14(a) of the Securities Exchange Act of 1934, as amended (the Exchange Act)					X
31.2	Certification of Chief Financial Officer and Principal Accounting Officer pursuant to Rule 13a-14(a) of the Exchange Act					X
32.1	Certification of the Chief Executive Officer and the Chief Financial Officer and Principal Accounting Officer pursuant to Rule 13a-14(b) of the Exchange Act and 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002					X
101.INS	XBRL Instance Document					X
101.SCH	XBRL Taxonomy Extension Schema Document					X
101.CAL	XBRL Taxonomy Extension Calculation Linkbase Document					X
101.DEF	XBRL Taxonomy Extension Definition Linkbase Document					X
101.LAB	XBRL Taxonomy Extension Label Linkbase Document					X
101.PRE	XBRL Taxonomy Extension Presentation Linkbase Document					X

Intel, the Intel logo, Intel Core, 3D XPoint, and Ultrabook are trademarks of Intel Corporation in the U.S. and/or other countries.

* Other names and brands may be claimed as the property of others.

57

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

		INTEL CORPORATION (Registrant)
Date:	October 28, 2015	By:	/s/ STACY J. SMITH
			Stacy J. Smith
			Executive Vice President, Chief Financial Officer, and Principal Accounting Officer

58

EX-12.1

Exhibit 12.1

INTEL CORPORATION

STATEMENT SETTING FORTH THE COMPUTATION

OF RATIOS OF EARNINGS TO FIXED CHARGES

		Nine Months Ended
(Dollars in Millions)		Sep 26, 2015			Sep 27, 2014
Earnings1		$	10,128		$	11,302
Adjustments:
	Add - Fixed charges	435			371
	Subtract - Capitalized interest	(202		)	(203		)
Earnings and fixed charges (net of capitalized interest)		$	10,361		$	11,470
Fixed charges:
	Interest2	$	211		$	139
	Capitalized interest	202			203
	Estimated interest component of rental expense	22			29
Total		$	435		$	371
Ratio of earnings before taxes and fixed charges, to fixed charges		24x			31x

¹ After adjustments required by Item 503(d) of Regulation S-K.

² Interest within provision for taxes on the consolidated condensed statements of income is not included.

EX-31.1

Exhibit 31.1

CERTIFICATION

I, Brian M. Krzanich, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Intel Corporation;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date:	October 28, 2015	By:	/s/ BRIAN M. KRZANICH
			Brian M. Krzanich Chief Executive Officer

EX-31.2

Exhibit 31.2

CERTIFICATION

I, Stacy J. Smith, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Intel Corporation;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date:	October 28, 2015	By:	/s/ STACY J. SMITH
			Stacy J. Smith Executive Vice President, Chief Financial Officer, and Principal Accounting Officer

EX-32.1

Exhibit 32.1

CERTIFICATION

Each of the undersigned hereby certifies, for the purposes of section 1350 of chapter 63 of title 18 of the United States Code, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, in his capacity as an officer of Intel Corporation (Intel), that, to his knowledge, the Quarterly Report of Intel on Form 10-Q for the period ended September 26, 2015, fully complies with the requirements of Section 13(a) of the Securities Exchange Act of 1934 and that the information contained in such report fairly presents, in all material respects, the financial condition and results of operations of Intel. This written statement is being furnished to the Securities and Exchange Commission as an exhibit to such Form 10-Q. A signed original of this statement has been provided to Intel and will be retained by Intel and furnished to the Securities and Exchange Commission or its staff upon request.

Date:	October 28, 2015	By:	/s/ BRIAN M. KRZANICH
			Brian M. Krzanich Chief Executive Officer
Date:	October 28, 2015	By:	/s/ STACY J. SMITH
			Stacy J. Smith Executive Vice President, Chief Financial Officer, and Principal Accounting Officer

XML

Employee Equity Incentive Plans (Tables)

9 Months Ended

Sep. 26, 2015

Employee Benefits and Share-based Compensation [Abstract]

Restricted Stock Units Estimated Values And Weighted Average Assumptions [Table Text Block]

We estimate the fair value of restricted stock unit awards with time-based vesting using the value of our common stock on the date of grant, reduced by the present value of dividends expected to be paid on our shares of common stock prior to vesting. We estimate the fair value of market-based restricted stock units using a Monte Carlo simulation model on the date of grant (no market-based restricted stock units were granted in the third quarter of 2015). We based the weighted average estimated value of restricted stock unit grants, as well as the weighted average assumptions that we used in calculating the fair value, on estimates at the date of grant, for each period as follows:

	Three Months Ended						Nine Months Ended
	Sep 26, 2015			Sep 27, 2014			Sep 26, 2015			Sep 27, 2014
Estimated values	$	26.62		$	32.93		$	31.64		$	25.12
Risk-free interest rate	0.6		%	0.5		%	0.6		%	0.5		%
Dividend yield	3.4		%	2.6		%	2.9		%	3.4		%
Volatility	n/a			23		%	27		%	23		%

Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block]

Restricted stock unit activity in the first nine months of 2015 was as follows:

	Number of RSUs (In Millions)		Weighted Average Grant-Date Fair Value
December 27, 2014	119.4		$	23.89
Granted	41.4		$	31.64
Vested	(44.1	)	$	23.44
Forfeited	(6.1	)	$	25.40
September 26, 2015	110.6		$	26.89

Schedule of Stock Options Roll Forward [Table Text Block]

Stock option activity in the first nine months of 2015 was as follows:

	Number of Options (In Millions)		Weighted Average Exercise Price
December 27, 2014	77.3		$	21.30
Exercised	(13.4	)	$	20.58
Cancelled and forfeited	(1.0	)	$	23.27
Expired	(0.1	)	$	21.72
September 26, 2015	62.8		$	21.42
Options exercisable as of:
December 27, 2014	54.7		$	20.29
September 26, 2015	52.1		$	20.88

XML

Goodwill (Detail) $ in Millions	9 Months Ended
	Sep. 26, 2015 USD ($)
Goodwill [Roll Forward]
Goodwill, Beginning Balance	$ 10,861
Goodwill, Acquisitions	347
Goodwill, Currency Exchange and Other	(182)
Goodwill, Ending Balance	11,026
Client Computing Group [Member]
Goodwill [Roll Forward]
Goodwill, Beginning Balance	3,708
Goodwill, Acquisitions	150
Goodwill, Currency Exchange and Other	0
Goodwill, Ending Balance	3,858
Data Center Group [Member]
Goodwill [Roll Forward]
Goodwill, Beginning Balance	2,376
Goodwill, Acquisitions	0
Goodwill, Currency Exchange and Other	0
Goodwill, Ending Balance	2,376
Internet of Things Group [Member]
Goodwill [Roll Forward]
Goodwill, Beginning Balance	428
Goodwill, Acquisitions	0
Goodwill, Currency Exchange and Other	0
Goodwill, Ending Balance	428
Software and services operating segments [Member]
Goodwill [Roll Forward]
Goodwill, Beginning Balance	4,236
Goodwill, Acquisitions	10
Goodwill, Currency Exchange and Other	(182)
Goodwill, Ending Balance	4,064
All other [Member]
Goodwill [Roll Forward]
Goodwill, Beginning Balance	113
Goodwill, Acquisitions	187
Goodwill, Currency Exchange and Other	0
Goodwill, Ending Balance	$ 300

XML

Cash and Investments, Equity Method Investments (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 26, 2015	Sep. 27, 2014	Sep. 26, 2015	Sep. 27, 2014	Dec. 27, 2014
Schedule of Equity Method Investments [Line Items]
Carrying Value	$ 1,577		$ 1,577		$ 1,446
Cost Method Investments	$ 3,003		$ 3,003		1,769
IM Flash Technologies, LLC [Member]
Schedule of Equity Method Investments [Line Items]
Ownership Percentage	49.00%		49.00%
Carrying Value	$ 872		$ 872		713
Variable Interest Entity, Reporting Entity Involvement, Known Maximum Loss Exposure, Amount	$ 872		$ 872
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	$ 115	$ 100	$ 315	$ 305
Due to Related Parties	$ 20		$ 20		60
Cloudera, Inc. [Member]
Schedule of Equity Method Investments [Line Items]
Ownership Percentage	17.00%		17.00%
Carrying Value	$ 263		$ 263		280
Cost Method Investments	$ 454		$ 454		$ 454

XML

Other Comprehensive Income (Loss), Reclassification out of Accumulated Other Comprehensive Income (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 26, 2015	Sep. 27, 2014	Sep. 26, 2015	Sep. 27, 2014
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Interest and other, net	$ (104)	$ (25)	$ (91)	$ 70
Gains (losses) on equity investments, net	165	35	297	178
Income before taxes	4,253	4,550	9,909	11,142
Cost of sales	(5,354)	(5,096)	(15,352)	(15,161)
Research and development	(2,927)	(2,842)	(9,009)	(8,547)
Marketing, general and administrative	(1,910)	(1,979)	(5,812)	(6,087)
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months			(241)
Reclassified out of Accumulated Other Comprehensive Income (Loss) [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Income before taxes	(152)	9	(363)	127
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]
Interest and other, net	1	9	1	7
Gains (losses) on equity investments, net	11	9	85	132
Income before taxes	12	18	86	139
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	(147)	3	(400)	21
Unrealized holding gains (losses) on derivatives [Member] | Reclassified out of Accumulated Other Comprehensive Income (Loss) [Member] | Currency Forwards [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Cost of sales	(81)	(5)	(217)	(10)
Research and development	(50)	8	(145)	26
Marketing, general and administrative	(16)	2	(38)	7
Unrealized holding gains (losses) on derivatives [Member] | Reclassified out of Accumulated Other Comprehensive Income (Loss) [Member] | Other Derivative Instruments [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Cost of sales	0	(2)	0	(2)
Prior service credits (costs) [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Reclassified out of Accumulated Other Comprehensive Income (Loss), Prior Service (Credits) Costs	(2)	(2)	(6)	(4)
Actuarial gains (losses) [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Reclassified out of Accumulated Other Comprehensive Income (Loss), Actuarial Gains (Losses)	(15)	(10)	(43)	(29)
Amortization of pension and postretirement benefit components [Member] | Reclassified out of Accumulated Other Comprehensive Income (Loss) [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Income before taxes	$ (17)	$ (12)	$ (49)	$ (33)

XML

Identified Intangible Assets, Finite-Lived Intangible Assets (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 26, 2015	Sep. 27, 2014	Sep. 26, 2015	Sep. 27, 2014	Dec. 27, 2014
Identified Intangible Assets By Major Class [Abstract]
Gross Assets, Subject to Amortization	$ 7,744		$ 7,744		$ 7,921
Accumulated Amortization	(4,692)		(4,692)		(4,466)
Net	3,052		3,052		3,455
Identified Intangible Assets, Amortization Expenses [Abstract]
Amortization of intangibles	215	$ 307	680	$ 884
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
Future Amortization Expense, Remainder of 2015	208		208
Future Amortization Expense, 2016	758		758
Future Amortization Expense, 2017	479		479
Future Amortization Expense, 2018	313		313
Future Amortization Expense, 2019	286		286
Acquisition-related Developed Technology [Member]
Identified Intangible Assets By Major Class [Abstract]
Gross Assets, Subject to Amortization	2,846		2,846		3,009
Accumulated Amortization	(2,202)		(2,202)		(2,192)
Net	644		644		817
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
Future Amortization Expense, Remainder of 2015	72		72
Future Amortization Expense, 2016	251		251
Future Amortization Expense, 2017	105		105
Future Amortization Expense, 2018	86		86
Future Amortization Expense, 2019	77		77
Acquisition-related Developed Technology [Member] | Cost of sales [Member]
Identified Intangible Assets, Amortization Expenses [Abstract]
Amortization of intangibles	76	161	271	454
Acquisition-related Customer Relationships [Member]
Identified Intangible Assets By Major Class [Abstract]
Gross Assets, Subject to Amortization	1,733		1,733		1,698
Accumulated Amortization	(1,154)		(1,154)		(1,001)
Net	579		579		697
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
Future Amortization Expense, Remainder of 2015	66		66
Future Amortization Expense, 2016	236		236
Future Amortization Expense, 2017	149		149
Future Amortization Expense, 2018	45		45
Future Amortization Expense, 2019	27		27
Acquisition-related Customer Relationships [Member] | Amortization of acquisition-related intangibles [Member]
Identified Intangible Assets, Amortization Expenses [Abstract]
Amortization of intangibles	66	75	192	214
Acquisition-related Trade Names [Member]
Identified Intangible Assets By Major Class [Abstract]
Gross Assets, Subject to Amortization	59		59		61
Accumulated Amortization	(53)		(53)		(49)
Net	6		6		12
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
Future Amortization Expense, Remainder of 2015	3		3
Future Amortization Expense, 2016	3		3
Future Amortization Expense, 2017	0		0
Future Amortization Expense, 2018	0		0
Future Amortization Expense, 2019	0		0
Acquisition-related Trade Names [Member] | Amortization of acquisition-related intangibles [Member]
Identified Intangible Assets, Amortization Expenses [Abstract]
Amortization of intangibles	2	2	6	8
Licensed Technology and Patents [Member]
Identified Intangible Assets By Major Class [Abstract]
Gross Assets, Subject to Amortization	3,106		3,106		3,153
Accumulated Amortization	(1,283)		(1,283)		(1,224)
Net	1,823		1,823		$ 1,929
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
Future Amortization Expense, Remainder of 2015	67		67
Future Amortization Expense, 2016	268		268
Future Amortization Expense, 2017	225		225
Future Amortization Expense, 2018	182		182
Future Amortization Expense, 2019	182		182
Licensed Technology and Patents [Member] | Cost of sales [Member]
Identified Intangible Assets, Amortization Expenses [Abstract]
Amortization of intangibles	$ 71	$ 69	$ 211	$ 208

XML

Cash and Investments (Detail) - USD ($) $ in Millions	Sep. 26, 2015	Dec. 27, 2014
Investments and Cash [Abstract]
Available-for-sale investments	$ 20,222	$ 13,038
Cash	741	805
Equity method investments	1,577	1,446
Loans receivable	800	971
Non-marketable cost method investments	3,003	1,769
Reverse repurchase agreements	3,318	718
Trading assets	6,659	9,063
Total cash and investments	$ 36,320	$ 27,810

XML

Goodwill (Tables)

9 Months Ended

Sep. 26, 2015

Business Combination, Goodwill [Abstract]

Schedule of Goodwill [Table Text Block]

Goodwill activity for the first nine months of 2015 was as follows:

(In Millions)	Dec 27, 2014		Acquisitions		Currency Exchange and Other			Sep 26, 2015
Client Computing Group	$	3,708	$	150	$	—		$	3,858
Data Center Group	2,376		—		—			2,376
Internet of Things Group	428		—		—			428
Software and services operating segments	4,236		10		(182		)	4,064
All other	113		187		—			300
Total	$	10,861	$	347	$	(182	)	$	11,026

XML

Identified Intangible Assets, Total Intangible Assets (Detail) - USD ($) $ in Millions	Sep. 26, 2015	Dec. 27, 2014
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Identified intangible assets, gross	$ 8,714	$ 8,912
Identified intangible assets, net	$ 4,022	$ 4,446

XML

Contingencies (Detail) $ / shares in Units, € in Millions, shares in Millions, $ in Millions	1 Months Ended					12 Months Ended
	Jan. 31, 2015 USD ($)	May. 31, 2013 USD ($)	Jun. 30, 2012 $ / shares	May. 31, 2009 USD ($)	May. 31, 2009 EUR (€)	Dec. 31, 2008 USD ($) shares	Aug. 19, 2010 $ / shares
McAfee, Inc. [Member] | McAfee Shareholder Litigation [Member]
Loss Contingencies [Line Items]
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 | $ / shares							$ 48.00
McAfee, Inc. [Member] | McAfee Shareholder Litigation [Member] | Pending Litigation [Member]
Loss Contingencies [Line Items]
Loss Contingency, Plaintiffs Damages Expert Value Assertion of Share of Acquiree for Purposes of Assessing Damages | $ / shares			$ 62.08
EC Fine [Member]
Loss Contingencies [Line Items]
Loss Contingency, Fine				$ 1,447	€ 1,060
Lehman Matter [Member]
Loss Contingencies [Line Items]
Loss Contingency, Pre-Payment Amount For Forward-Purchase Agreement						$ 1,000
Loss Contingency, Cash Collateral Received For Forward-Purchase Agreement						$ 1,000
Loss Contingency, Shares Of Intel Common Stock Required To Be Delivered Under Forward-Purchase Agreement | shares						50
Loss Contingency, Cash Collateral Foreclosed On In Forward-Purchase Agreement						$ 1,000
Lehman Matter [Member] | Settled Litigation [Member]
Loss Contingencies [Line Items]
Loss Contingency, Damages Sought, Value	$ 129	$ 312
London Interbank Offered Rate (LIBOR) [Member] | Lehman Matter [Member] | Settled Litigation [Member]
Loss Contingencies [Line Items]
Loss Contingency, Basis Spread On Variable Rate For Damages Sought		13.50%

XML

Income Taxes

9 Months Ended

Sep. 26, 2015

Income Tax Disclosure [Abstract]

Income Taxes [Text Block]

Note 19: Income Taxes

Our effective income tax rate was 21.2% in the first nine months of 2015 compared to 27.8% in the first nine months of 2014. The effective rate was positively impacted by the settlement of a one-time refund claim involving asset tax basis resulting in the recognition of a $320 million tax benefit and our decision to indefinitely reinvest certain prior years' non-U.S. earnings resulting in the release of $185 million previously accrued U.S. deferred taxes in the second quarter of 2015. In addition, a higher proportion of our income from lower taxed jurisdictions positively impacted our effective income tax rate from the comparable period.

Our ending gross unrecognized tax benefits as of September 26, 2015 was $302 million ($577 million as of December 27, 2014).

XML

Cash and Investments, Trading Assets (Detail) - Debt Securities [Member] - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 26, 2015	Sep. 27, 2014	Sep. 26, 2015	Sep. 27, 2014
Schedule Of Trading Securities And Other Trading Assets [Line Items]
Trading Securities, Change in Unrealized Holding Gain (Loss)	$ (88)	$ (283)	$ (151)	$ (254)
Net gains (losses) on derivatives related to trading securities	$ 72	$ 278	$ 138	$ 252

XML

Earnings Per Share (Tables)

9 Months Ended

Sep. 26, 2015

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

We computed our basic and diluted earnings per common share for each period as follows:

	Three Months Ended				Nine Months Ended
(In Millions, Except Per Share Amounts)	Sep 26, 2015		Sep 27, 2014		Sep 26, 2015		Sep 27, 2014
Net income available to common stockholders	$	3,109	$	3,317	$	7,807	$	8,043
Weighted average shares of common stock outstanding—basic	4,747		4,880		4,749		4,945
Dilutive effect of employee equity incentive plans	48		76		64		73
Dilutive effect of convertible debt	81		89		87		77
Weighted average shares of common stock outstanding—diluted	4,876		5,045		4,900		5,095
Basic earnings per share of common stock	$	0.65	$	0.68	$	1.64	$	1.63
Diluted earnings per share of common stock	$	0.64	$	0.66	$	1.59	$	1.58

XML

Deferred Income (Tables)

9 Months Ended

Sep. 26, 2015

Deferred Revenue [Abstract]

Deferred Revenue, by Arrangement, Disclosure [Table Text Block]

Deferred income at the end of each period was as follows:

(In Millions)	Sep 26, 2015		Dec 27, 2014
Deferred income on shipments of components to distributors	$	918	$	944
Deferred income from software and services	1,242		1,261
Current deferred income	2,160		2,205
Non-current deferred income from software and services	448		483
Total deferred income	$	2,608	$	2,688

XML

Derivative Financial Instruments (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 26, 2015	Sep. 27, 2014	Sep. 26, 2015	Sep. 27, 2014	Aug. 31, 2015	Jun. 27, 2015	Dec. 27, 2014
Notional Disclosures [Abstract]
Derivative, Notional Amount	$ 23,785	$ 24,855	$ 23,785	$ 24,855			$ 27,076
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Assets Subject To Master Netting Arrangements, Gross Amounts Recognized	475		475				559
Derivative Liabilities Subject To Master Netting Arrangements, Gross Amounts Recognized	298		298				559
Offsetting Derivative Assets [Abstract]
Derivative Assets Subject To Master Netting Arrangements, Gross Amounts Offset In The Balance Sheet	0		0				0
Derivative Assets Subject To Master Netting Arrangements, Net Amounts Presented In The Balance Sheet	475		475				559
Derivative Assets Subject To Master Netting Arrangements, Gross Amounts Not Offset In The Balance Sheet - Financial Instruments	(206)		(206)				(365)
Derivative Assets Subject To Master Netting Arrangements, Gross Amounts Not Offset In The Balance Sheet - Cash And Non-Cash Collateral Received Or Pledged	(127)		(127)				(78)
Derivative Assets Subject To Master Netting Arrangements, Net Amount	142		142				116
Reverse Repurchase Agreements, Gross Amounts Recognized	3,318		3,318				718
Reverse Repurchase Agreements, Gross Amounts Offset In The Balance Sheet	0		0				0
Reverse Repurchase Agreements, Net Amounts Presented In The Balance Sheet	3,318		3,318				718
Reverse Repurchase Agreements, Gross Amounts Not Offset In The Balance Sheet - Financial Instruments	0		0				0
Reverse Repurchase Agreements, Gross Amounts Not Offset In The Balance Sheet - Cash And Non-Cash Collateral Received Or Pledged	(3,318)		(3,318)				(718)
Reverse Repurchase Agreements, Net Amount	0		0				0
Total Assets, Gross Amounts Recognized	3,793		3,793				1,277
Total Assets, Gross Amounts Offset In The Balance Sheet	0		0				0
Total Assets, Net Amounts Presented In The Balance Sheet	3,793		3,793				1,277
Total Assets, Gross Amounts Not Offset In The Balance Sheet - Financial Instruments	(206)		(206)				(365)
Total Assets, Gross Amounts Not Offset In The Balance Sheet - Cash and Non-Cash Collateral Received Or Pledged	(3,445)		(3,445)				(796)
Total Assets, Net Amount	142		142				116
Offsetting Derivative Liabilities [Abstract]
Derivative Liabilities Subject To Master Netting Arrangements, Gross Amounts Offset In The Balance Sheet	0		0				0
Derivative Liabilities Subject To Master Netting Arrangements, Net Amounts Presented In The Balance Sheet	298		298				559
Derivative Liabilities Subject To Master Netting Arrangements, Gross Amounts Offset In The Balance Sheet - Financial Instruments	(206)		(206)				(365)
Derivative Liabilities Subject To Master Netting Arrangements, Gross Amounts Offset In The Balance Sheet - Cash And Non-Cash Collateral Received Or Pledged	(15)		(15)				(80)
Derivative Liabilities Subject To Master Netting Arrangements, Net Amount	77		77				114
Total Liabilities, Gross Amounts Recognized	298		298				559
Total Liabilities, Gross Amounts Offset In The Balance Sheet	0		0				0
Total Liabilities, Net Amounts Presented In The Balance Sheet	298		298				559
Total Liabilities, Gross Amounts Not Offset In The Balance Sheet - Financial Instruments	(206)		(206)				(365)
Total Liabilities, Gross Amounts Not Offset In The Balance Sheet - Cash and Non-Cash Collateral Received Or Pledged	(15)		(15)				(80)
Total Liabilities, Net Amount	77		77				114
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)	(68)	(241)	(268)	(204)
Gain (Loss) on Discontinuation of Cash Flow Hedge Due to Forecasted Transaction Probable of Not Occurring, Net [Abstract]
Gain (Loss) on Discontinuation of Cash Flow Hedge Due to Forecasted Transaction Probable of Not Occurring, Net	0
Effect of Fair Value Hedges on Results of Operations [Abstract]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	(3)	0	(3)	0
Net Change In Unrealized Gain Loss Recognized In Income Statement On Fair Value Hedging Instruments And On Hedged Item In Fair Value Hedge	0	0	0	0
Not Designated as Hedging Instrument [Member]
Derivative Instruments Not Designated as Hedging Instruments [Abstract]
Gains (Losses) Recognized in Income On Derivatives	(35)	274	177	280
Fair Value Hedging [Member]
Effect of Fair Value Hedges on Results of Operations [Abstract]
Derivative, Net Hedge Ineffectiveness Gain (Loss)	0	0	0	0
Other Current Assets [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Assets Subject To Master Netting Arrangements, Gross Amounts Recognized	438		438				561
Other Current Assets [Member] | Designated as Hedging Instrument [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Assets Subject To Master Netting Arrangements, Gross Amounts Recognized	31		31				6
Other Current Assets [Member] | Not Designated as Hedging Instrument [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Assets Subject To Master Netting Arrangements, Gross Amounts Recognized	407		407				555
Other Long-Term Assets [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Assets Subject To Master Netting Arrangements, Gross Amounts Recognized	48		48				57
Other Long-Term Assets [Member] | Designated as Hedging Instrument [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Assets Subject To Master Netting Arrangements, Gross Amounts Recognized	9		9				1
Other Long-Term Assets [Member] | Not Designated as Hedging Instrument [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Assets Subject To Master Netting Arrangements, Gross Amounts Recognized	39		39				56
Other Accrued Liabilities [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Liabilities Subject To Master Netting Arrangements, Gross Amounts Recognized	283		283				563
Other Accrued Liabilities [Member] | Designated as Hedging Instrument [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Liabilities Subject To Master Netting Arrangements, Gross Amounts Recognized	156		156				497
Other Accrued Liabilities [Member] | Not Designated as Hedging Instrument [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Liabilities Subject To Master Netting Arrangements, Gross Amounts Recognized	127		127				66
Other Long-Term Liabilities [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Liabilities Subject To Master Netting Arrangements, Gross Amounts Recognized	17		17				17
Other Long-Term Liabilities [Member] | Designated as Hedging Instrument [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Liabilities Subject To Master Netting Arrangements, Gross Amounts Recognized	1		1				9
Other Long-Term Liabilities [Member] | Not Designated as Hedging Instrument [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Liabilities Subject To Master Netting Arrangements, Gross Amounts Recognized	16		16				8
2015 Senior notes due August 2045 at 4.90% [Member]
Notional Disclosures [Abstract]
Debt Instrument, Face Amount	$ 1,000		$ 1,000		$ 1,000
Debt Instrument, Maturity Date			Aug. 11, 2045
Debt Instrument, Interest Rate, Stated Percentage	4.90%		4.90%
Beijing UniSpreadtrum Technology Ltd. [Member]
Notional Disclosures [Abstract]
Forward Contract Utilized	$ 1,000		$ 1,000
Chinese Yuan [Member]
Notional Disclosures [Abstract]
Derivative, Notional Amount	2,650	1,420	2,650	1,420			3,097
Euro [Member]
Notional Disclosures [Abstract]
Derivative, Notional Amount	6,546	6,973	6,546	6,973			7,486
Israeli Shekel [Member]
Notional Disclosures [Abstract]
Derivative, Notional Amount	1,938	2,170	1,938	2,170			2,489
Japanese Yen [Member]
Notional Disclosures [Abstract]
Derivative, Notional Amount	2,733	4,223	2,733	4,223			3,779
Other Currencies [Member]
Notional Disclosures [Abstract]
Derivative, Notional Amount	3,494	4,125	3,494	4,125			4,173
Total Currency Exchange Rate Derivatives [Member]
Notional Disclosures [Abstract]
Derivative, Notional Amount	17,361	18,911	17,361	18,911			21,024
Currency Forwards [Member]
Notional Disclosures [Abstract]
Derivative, Notional Amount	12,395	13,896	12,395	13,896			15,578
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)	(68)	(241)	(268)	(201)
Currency Forwards [Member] | Discontinued Hedging Instrument [Member]
Notional Disclosures [Abstract]
Derivative, Notional Amount						$ 478
Currency Forwards [Member] | 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	(19)	62	(33)	40
Currency Forwards [Member] | Other Current Assets [Member] | Designated as Hedging Instrument [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Assets Subject To Master Netting Arrangements, Gross Amounts Recognized	31		31				6
Currency Forwards [Member] | Other Current Assets [Member] | Not Designated as Hedging Instrument [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Assets Subject To Master Netting Arrangements, Gross Amounts Recognized	40		40				207
Currency Forwards [Member] | Other Long-Term Assets [Member] | Designated as Hedging Instrument [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Assets Subject To Master Netting Arrangements, Gross Amounts Recognized	6		6				1
Currency Forwards [Member] | Other Long-Term Assets [Member] | Not Designated as Hedging Instrument [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Assets Subject To Master Netting Arrangements, Gross Amounts Recognized	0		0				0
Currency Forwards [Member] | Other Accrued Liabilities [Member] | Designated as Hedging Instrument [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Liabilities Subject To Master Netting Arrangements, Gross Amounts Recognized	156		156				497
Currency Forwards [Member] | Other Accrued Liabilities [Member] | Not Designated as Hedging Instrument [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Liabilities Subject To Master Netting Arrangements, Gross Amounts Recognized	78		78				44
Currency Forwards [Member] | Other Long-Term Liabilities [Member] | Designated as Hedging Instrument [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Liabilities Subject To Master Netting Arrangements, Gross Amounts Recognized	1		1				9
Currency Forwards [Member] | Other Long-Term Liabilities [Member] | Not Designated as Hedging Instrument [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Liabilities Subject To Master Netting Arrangements, Gross Amounts Recognized	0		0				0
Currency Forwards [Member] | Beijing UniSpreadtrum Technology Ltd. [Member]
Notional Disclosures [Abstract]
Derivative, Notional Amount							1,500
Currency Interest Rate Swaps [Member]
Notional Disclosures [Abstract]
Derivative, Notional Amount	4,966	5,015	4,966	5,015			5,446
Currency Interest Rate Swaps [Member] | 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	80	221	283	193
Currency Interest Rate Swaps [Member] | Other Current Assets [Member] | Not Designated as Hedging Instrument [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Assets Subject To Master Netting Arrangements, Gross Amounts Recognized	365		365				344
Currency Interest Rate Swaps [Member] | Other Long-Term Assets [Member] | Not Designated as Hedging Instrument [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Assets Subject To Master Netting Arrangements, Gross Amounts Recognized	24		24				34
Currency Interest Rate Swaps [Member] | Other Accrued Liabilities [Member] | Not Designated as Hedging Instrument [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Liabilities Subject To Master Netting Arrangements, Gross Amounts Recognized	36		36				7
Currency Interest Rate Swaps [Member] | Other Long-Term Liabilities [Member] | Not Designated as Hedging Instrument [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Liabilities Subject To Master Netting Arrangements, Gross Amounts Recognized	0		0				0
Embedded Debt Derivatives [Member]
Notional Disclosures [Abstract]
Derivative, Notional Amount	3,600	3,600	3,600	3,600			3,600
Embedded Debt Derivatives [Member] | Other Current Assets [Member] | Not Designated as Hedging Instrument [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Assets Subject To Master Netting Arrangements, Gross Amounts Recognized	0		0				0
Embedded Debt Derivatives [Member] | Other Long-Term Assets [Member] | Not Designated as Hedging Instrument [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Assets Subject To Master Netting Arrangements, Gross Amounts Recognized	0		0				0
Embedded Debt Derivatives [Member] | Other Accrued Liabilities [Member] | Not Designated as Hedging Instrument [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Liabilities Subject To Master Netting Arrangements, Gross Amounts Recognized	0		0				4
Embedded Debt Derivatives [Member] | Other Long-Term Liabilities [Member] | Not Designated as Hedging Instrument [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Liabilities Subject To Master Netting Arrangements, Gross Amounts Recognized	16		16				8
Interest Rate Swaps [Member]
Notional Disclosures [Abstract]
Derivative, Notional Amount	1,740	1,259	1,740	1,259			1,347
Effect of Fair Value Hedges on Results of Operations [Abstract]
Change in Unrealized Gain (Loss) on Fair Value Hedging Instruments	3	0	3	0
Interest Rate Swaps [Member] | 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	(3)	1	(8)	(3)
Interest Rate Swaps [Member] | Other Current Assets [Member] | Designated as Hedging Instrument [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Assets Subject To Master Netting Arrangements, Gross Amounts Recognized	0		0				0
Interest Rate Swaps [Member] | Other Current Assets [Member] | Not Designated as Hedging Instrument [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Assets Subject To Master Netting Arrangements, Gross Amounts Recognized	0		0				3
Interest Rate Swaps [Member] | Other Long-Term Assets [Member] | Designated as Hedging Instrument [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Assets Subject To Master Netting Arrangements, Gross Amounts Recognized	3		3				0
Interest Rate Swaps [Member] | Other Long-Term Assets [Member] | Not Designated as Hedging Instrument [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Assets Subject To Master Netting Arrangements, Gross Amounts Recognized	0		0				0
Interest Rate Swaps [Member] | Other Accrued Liabilities [Member] | Designated as Hedging Instrument [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Liabilities Subject To Master Netting Arrangements, Gross Amounts Recognized	0		0				0
Interest Rate Swaps [Member] | Other Accrued Liabilities [Member] | Not Designated as Hedging Instrument [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Liabilities Subject To Master Netting Arrangements, Gross Amounts Recognized	5		5				11
Interest Rate Swaps [Member] | Other Long-Term Liabilities [Member] | Designated as Hedging Instrument [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Liabilities Subject To Master Netting Arrangements, Gross Amounts Recognized	0		0				0
Interest Rate Swaps [Member] | Other Long-Term Liabilities [Member] | Not Designated as Hedging Instrument [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Liabilities Subject To Master Netting Arrangements, Gross Amounts Recognized	0		0				0
Interest Rate Swaps [Member] | 2015 Senior notes due August 2045 at 4.90% [Member]
Notional Disclosures [Abstract]
Derivative, Notional Amount	1,000		1,000
Total Return Swaps [Member]
Notional Disclosures [Abstract]
Derivative, Notional Amount	1,020	1,032	1,020	1,032			1,056
Total Return Swaps [Member] | Not Designated as Hedging Instrument [Member] | Various [Member]
Derivative Instruments Not Designated as Hedging Instruments [Abstract]
Gains (Losses) Recognized in Income On Derivatives	(90)	(7)	(48)	51
Other Derivative Instruments [Member]
Notional Disclosures [Abstract]
Derivative, Notional Amount	64	53	64	53			49
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)	0	0	0	(3)
Other Derivative Instruments [Member] | Not Designated as Hedging Instrument [Member] | Various [Member]
Derivative Instruments Not Designated as Hedging Instruments [Abstract]
Gains (Losses) Recognized in Income On Derivatives	(3)	$ (3)	(17)	$ (1)
Other Derivative Instruments [Member] | Other Current Assets [Member] | Not Designated as Hedging Instrument [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Assets Subject To Master Netting Arrangements, Gross Amounts Recognized	2		2				1
Other Derivative Instruments [Member] | Other Long-Term Assets [Member] | Not Designated as Hedging Instrument [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Assets Subject To Master Netting Arrangements, Gross Amounts Recognized	15		15				22
Other Derivative Instruments [Member] | Other Accrued Liabilities [Member] | Not Designated as Hedging Instrument [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Liabilities Subject To Master Netting Arrangements, Gross Amounts Recognized	8		8				0
Other Derivative Instruments [Member] | Other Long-Term Liabilities [Member] | Not Designated as Hedging Instrument [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Liabilities Subject To Master Netting Arrangements, Gross Amounts Recognized	$ 0		$ 0				$ 0

XML

Earnings Per Share (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 26, 2015	Sep. 27, 2014	Sep. 26, 2015	Sep. 27, 2014
Earnings Per Share [Abstract]
Net income available to common stockholders	$ 3,109	$ 3,317	$ 7,807	$ 8,043
Weighted average shares of common stock outstanding—basic	4,747	4,880	4,749	4,945
Dilutive effect of employee equity incentive plans (shares)	48	76	64	73
Dilutive effect of convertible debt (shares)	81	89	87	77
Weighted average shares of common stock outstanding—diluted	4,876	5,045	4,900	5,095
Basic earnings per share of common stock (in dollars per share)	$ 0.65	$ 0.68	$ 1.64	$ 1.63
Diluted earnings per share of common stock (in dollars per share)	$ 0.64	$ 0.66	$ 1.59	$ 1.58
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (shares)	4	0	2	14

XML

Borrowings, Short-term Debt (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 26, 2015	Dec. 27, 2014
Short-term Debt [Line Items]
Drafts payable	$ 41	$ 16
Commercial paper	0	500
Current portion of long-term debt	1,096	1,088
Total short-term debt	1,129	1,596
Temporary equity	905	912
Short-term Debt [Member]
Short-term Debt [Line Items]
Less: debt issuance costs associated with the current portion of long-term debt	(8)	$ (8)
2009 Junior subordinated convertible debentures due August 2039 At 3.25% [Member]
Short-term Debt [Line Items]
Current portion of long-term debt	$ 1,100
Debt Instrument, Convertible, Threshold Percentage of Stock Price Trigger	130.00%
Trading Days During Thirty Day Period In Which Company Stock Has Been At Least 130% Of Conversion Price, Surrender For Conversion	20 days
Trading Day Period Ending On Last Day Of Preceeding Fiscal Quarter, Surrender for Conversion	30 days

XML

Cash and Investments, Available-for-Sale Investments (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 26, 2015	Sep. 27, 2014	Sep. 26, 2015	Sep. 27, 2014	Dec. 27, 2014
Available-for-sale Securities [Abstract]
Adjusted Cost	$ 14,602		$ 14,602
Fair Value	14,604		14,604
Adjusted Cost, Total	17,889		17,889		$ 9,253
Gross Unrealized Gains, Total	2,355		2,355		3,794
Gross Unrealized Losses, Total	(22)		(22)		(9)
Fair Value, Total	20,222		20,222		13,038
Available-for-sale Securities, Gross Realized Gains (Losses), Sale Proceeds	1,100	$ 373	1,200	$ 1,200
Available-for-sale Securities, Gross Realized Gains	12	0	97	136
Due in 1 year or less, Cost	12,643		12,643
Due in 1-2 years, Cost	1,166		1,166
Due in 2-5 years, Cost	661		661
Instruments not due at a single maturity date, Cost	132		132
Due in 1 year or less, Fair Value	12,651		12,651
Due in 1-2 years, Fair Value	1,164		1,164
Due in 2-5 years, Fair Value	660		660
Instruments not due at a single maturity date, Fair Value	129		129
Cash and Cash Equivalents [Member]
Available-for-sale Securities [Abstract]
Available-for-sale Securities, Gross Realized Gains (Losses), Sale Proceeds	134	$ 82	134	$ 459
Asset-Backed Securities [Member]
Available-for-sale Securities [Abstract]
Adjusted Cost	7		7		8
Gross Unrealized Gains	0		0		0
Gross Unrealized Losses	(2)		(2)		(2)
Fair Value	5		5		6
Corporate Debt Securities [Member]
Available-for-sale Securities [Abstract]
Adjusted Cost	7,139		7,139		2,040
Gross Unrealized Gains	11		11		13
Gross Unrealized Losses	(7)		(7)		(5)
Fair Value	7,143		7,143		2,048
Financial Institution Instruments [Member]
Available-for-sale Securities [Abstract]
Adjusted Cost	4,709		4,709		3,146
Gross Unrealized Gains	2		2		2
Gross Unrealized Losses	(1)		(1)		(1)
Fair Value	4,710		4,710		3,147
Government Debt [Member]
Available-for-sale Securities [Abstract]
Adjusted Cost	2,747		2,747		741
Gross Unrealized Gains	0		0		0
Gross Unrealized Losses	(1)		(1)		(1)
Fair Value	2,746		2,746		740
Marketable Equity Securities [Member]
Available-for-sale Securities [Abstract]
Adjusted Cost	3,287		3,287		3,318
Gross Unrealized Gains	2,342		2,342		3,779
Gross Unrealized Losses	(11)		(11)		0
Fair Value	$ 5,618		$ 5,618		$ 7,097

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Fair Value

9 Months Ended

Sep. 26, 2015

Fair Value Disclosures [Abstract]

Fair Value [Text Block]

Note 3: Fair Value

Fair value is the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining fair value, we consider the principal or most advantageous market in which we would transact, and we consider assumptions that market participants would use when pricing the asset or liability. Our financial assets are measured and recorded at fair value, except for cost method investments, cost method loans receivable, equity method investments, grants receivable, and reverse repurchase agreements with original maturities greater than approximately three months. Substantially all of our liabilities are not measured and recorded at fair value.

Fair Value Hierarchy

The three levels of inputs that may be used to measure fair value are as follows:

Level 1. Quoted prices in active markets for identical assets or liabilities.

Level 2. Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities, quoted prices in less active markets, or model-derived valuations in which all significant inputs are observable or can be derived principally from or corroborated with observable market data for substantially the full term of the assets or liabilities. Level 2 inputs also include non-binding market consensus prices that can be corroborated with observable market data, as well as quoted prices that were adjusted for security-specific restrictions.

Level 3. Unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of assets or liabilities. Level 3 inputs also include non-binding market consensus prices or non-binding broker quotes that we were unable to corroborate with observable market data.

Assets and Liabilities Measured and Recorded at Fair Value on a Recurring Basis

Assets and liabilities measured and recorded at fair value on a recurring basis at the end of each period were as follows:

	September 26, 2015								December 27, 2014
	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	$	—	$	3,607	$	—	$	3,607	$	—	$	48	$	—	$	48
Financial institution instruments	100		1,756		—		1,856		321		1,119		—		1,440
Government debt	6		187		—		193		—		—		—		—
Reverse repurchase agreements	—		668		—		668		—		268		—		268
Short-term investments:
Corporate debt	263		1,960		30		2,253		363		412		31		806
Financial institution instruments	105		2,341		—		2,446		149		1,050		—		1,199
Government debt	81		2,339		—		2,420		252		173		—		425
Trading assets:
Asset-backed securities	—		384		55		439		—		766		58		824
Corporate debt	1,626		569		—		2,195		2,625		339		—		2,964
Financial institution instruments	964		541		—		1,505		1,146		613		—		1,759
Government debt	974		1,546		—		2,520		1,295		2,221		—		3,516
Other current assets:
Derivative assets	—		437		1		438		—		559		2		561
Loans receivable	—		140		—		140		—		505		—		505
Marketable equity securities	5,498		120		—		5,618		7,097		—		—		7,097
Other long-term investments:
Asset-backed securities	—		1		4		5		—		2		4		6
Corporate debt	339		941		3		1,283		453		728		13		1,194
Financial institution instruments	88		320		—		408		189		319		—		508
Government debt	84		49		—		133		75		240		—		315
Other long-term assets:
Derivative assets	—		33		15		48		—		35		22		57
Loans receivable	—		350		—		350		—		216		—		216
Total assets measured and recorded at fair value	10,128		18,289		108		28,525		13,965		9,613		130		23,708
Liabilities
Other accrued liabilities:
Derivative liabilities	—		276		7		283		—		563		—		563
Other long-term liabilities:
Derivative liabilities	—		17		—		17		—		17		—		17
Total liabilities measured and recorded at fair value	$	—	$	293	$	7	$	300	$	—	$	580	$	—	$	580

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.

During the first nine months of 2015, we transferred corporate debt, financial institution instruments, government debt, and marketable equity securities of approximately $821 million from Level 1 to Level 2 of the fair value hierarchy and approximately $148 million of corporate debt and financial institution instruments from Level 2 to Level 1 ($230 million of corporate debt, financial institution instruments, and government debt from Level 1 to Level 2 and $400 million from Level 2 to Level 1 during the first nine months of 2014). These transfers were based on changes in market activity for the underlying securities. Our policy is to reflect transfers between the fair value hierarchy levels at the beginning of the quarter in which a change in circumstances resulted in the transfer.

Investments in Debt Instruments

Debt instruments reflected in the preceding table include investments such as asset-backed securities, corporate debt, financial institution instruments, government debt, and reverse repurchase agreements classified as cash equivalents. We classify our debt instruments as Level 2 when we use observable market prices for identical securities that are traded in less active markets. When observable market prices for identical securities are not available, we price the debt instruments using our own models, such as a discounted cash flow model, or non-binding market consensus prices based on the proprietary valuation models of pricing providers or brokers. These valuation models incorporate a number of inputs, including non-binding and binding broker quotes; observable market prices for identical or similar instruments; and the internal assumptions of pricing providers or brokers that use observable market inputs and unobservable market inputs that we consider to be not significant. When we use non-binding market consensus prices, we corroborate them with quoted market prices for similar instruments or compare them to output from internally-developed pricing models such as a discounted cash flow model. The discounted cash flow model uses observable market inputs, such as LIBOR-based yield curves, currency spot and forward rates, and credit ratings. All significant inputs are derived from or corroborated with observable market data.

The fair values of debt instruments classified as Level 3 are generally derived from discounted cash flow models, performed either by us or our pricing providers, using inputs that we are unable to corroborate with observable market data. We monitor and review the inputs and results of these valuation models to help ensure the fair value measurements are reasonable and consistent with market experience in similar asset classes.

Fair Value Option for Loans Receivable

We elected the fair value option for loans receivable when the interest rate or currency exchange rate risk was hedged at inception with a related derivative instrument. As of September 26, 2015, 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. Loans receivable are classified within other current assets and other long-term assets. Fair value is determined using a discounted cash flow model, with all significant inputs derived from or corroborated with observable market data. Gains and losses from changes in fair value on the loans receivable and related derivative instruments, as well as interest income, are recorded in interest and other, net. During all periods presented, changes in the fair value of our loans receivable were largely offset by gains or losses on the related derivative instruments, resulting in an insignificant net impact on our consolidated condensed statements of income. Gains and losses attributable to changes in credit risk are determined using observable credit default spreads for the issuer or comparable companies; these gains and losses were insignificant during all periods presented. We did not elect the fair value option for loans receivable when the interest rate or currency exchange rate risk was not hedged at inception with a related derivative instrument. Loans receivable not measured and recorded at fair value are included in the following "Financial Instruments Not Recorded at Fair Value on a Recurring Basis" section.

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.

Some of our non-marketable equity investments have been measured and recorded at fair value due to events or circumstances that significantly impacted the fair value of those investments, resulting in other-than-temporary impairments. We classified these investments as Level 3 because the valuations used unobservable inputs that were significant to the fair value measurements and required management judgment due to the absence of quoted market prices. Impairments recognized on non-marketable equity investments held as of September 26, 2015 were $27 million during the third quarter of 2015 and $100 million during the first nine months of 2015 ($28 million during the third quarter of 2014 and $93 million during the first nine months of 2014 on non-marketable equity investments held as of September 27, 2014).

Financial Instruments Not Recorded at Fair Value on a Recurring Basis

On a quarterly basis, we measure the fair value of our grants receivable, cost method loans receivable, non-marketable cost method investments, reverse repurchase agreements with original maturities greater than approximately three months, and indebtedness carried at amortized cost plus hedge adjustments when applicable; however, the assets are recorded at fair value only when an impairment is recognized. 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:

	September 26, 2015
(In Millions)	Carrying Amount		Fair Value Measured Using						Fair Value
			Level 1		Level 2		Level 3
Grants receivable	$	749	$	—	$	756	$	—	$	756
Loans receivable	$	310	$	—	$	310	$	—	$	310
Non-marketable cost method investments	$	3,003	$	—	$	—	$	3,938	$	3,938
Reverse repurchase agreements	$	2,650	$	—	$	2,650	$	—	$	2,650
Short-term debt	$	1,088	$	—	$	1,554	$	—	$	1,554
Long-term debt	$	20,059	$	13,192	$	7,508	$	—	$	20,700
NVIDIA Corporation cross-license agreement liability	$	198	$	—	$	200	$	—	$	200

	December 27, 2014
(In Millions)	Carrying Amount		Fair Value Measured Using						Fair Value
			Level 1		Level 2		Level 3
Grants receivable	$	676	$	—	$	679	$	—	$	679
Loans receivable	$	250	$	—	$	250	$	—	$	250
Non-marketable cost method investments	$	1,769	$	—	$	—	$	2,599	$	2,599
Reverse repurchase agreements	$	450	$	—	$	450	$	—	$	450
Short-term debt	$	1,580	$	—	$	2,145	$	—	$	2,145
Long-term debt	$	12,059	$	11,467	$	1,309	$	—	$	12,776
NVIDIA Corporation cross-license agreement liability	$	395	$	—	$	399	$	—	$	399

The fair value of our grants receivable is determined using a discounted cash flow model, which discounts future cash flows using an appropriate yield curve. As of September 26, 2015 and December 27, 2014, the carrying amount of our grants receivable was classified within other current assets and other long-term assets, as applicable.

The carrying amount and fair value of loans receivable exclude loans measured and recorded at a fair value of $490 million as of September 26, 2015 ($721 million as of December 27, 2014). The fair value of our loans receivable and reverse repurchase agreements, including those held at fair value, is determined using a discounted cash flow model. All significant inputs in the models are derived from or corroborated with observable market data, such as LIBOR-based yield curves, currency spot and forward rates, and credit ratings. The credit quality of these assets remains high, with credit ratings of A+/A1 for most of our loans receivable and the substantial majority of our reverse repurchase agreements as of September 26, 2015.

As of September 26, 2015 and December 27, 2014, the unrealized loss position of our non-marketable cost method investments was insignificant. Our non-marketable cost method investments are valued using a qualitative and quantitative analysis of events or circumstances that impact the fair value of the investment. Qualitative analysis of our investments involves understanding our investee’s revenue and earnings trends relative to pre-defined milestones and overall business prospects; the technological feasibility of our investee’s products and technologies; the general market conditions in the investee’s industry or geographic area, including adverse regulatory or economic changes; and the management and governance structure of the investee. Quantitative assessments of the fair value of our investments are developed using the market and income approaches. The market approach includes the use of financial metrics and ratios of comparable public companies, such as revenue, earnings, comparable performance multiples, recent financing rounds, the terms of the investees’ issued interests, and the level of marketability of the investments. The selection of comparable companies requires management judgment and is based on a number of factors, including comparable companies’ sizes, growth rates, industries, and development stages. The income approach includes the use of a discounted cash flow model, which requires significant estimates regarding investees’ revenue, costs, and discount rates based on the risk profile of comparable companies. Estimates of revenue and costs are developed using available market, historical, and forecast data. We measure the fair value of our non-marketable cost method investments as close to the end of the period as feasible.

The carrying amount and fair value of short-term debt exclude drafts payable. Our short-term debt recognized at amortized cost includes our 2009 junior subordinated convertible debentures due 2039 (2009 debentures). During the third quarter of 2015, the 2009 debentures were classified as short-term debt on the consolidated condensed balance sheets and are convertible at the option of the holder during the fourth quarter of 2015. For further information, see the "Borrowings" note in Part II, Item 8 of our Annual Report on Form 10-K for the year ended December 27, 2014 and Form 8-K filed with the SEC on June 5, 2015. Our long-term debt recognized at amortized cost is comprised of our senior notes and our convertible debentures. The fair value of our senior notes are classified as Level 1 when we use quoted prices in active markets and Level 2 when the quoted prices are from less active markets or when other observable inputs are used to determine fair value. The fair value of our 2009 and 2005 convertible debentures is determined using discounted cash flow models with observable market inputs, and takes into consideration variables such as interest rate changes, comparable instruments, subordination discount, and credit-rating changes, and is therefore classified as Level 2.

The NVIDIA Corporation (NVIDIA) cross-license agreement liability in the preceding table was incurred as a result of entering into a long-term patent cross-license agreement with NVIDIA in January 2011, pursuant to which we agreed to make payments to NVIDIA over six years. As of September 26, 2015 the carrying amount of the liability arising from the agreement was classified within other accrued liabilities based on the expected timing of the underlying payments ($200 million in January 2016 treated as cash used for financing activities). As of December 27, 2014, the carrying amount of the liability arising from the agreement was classified within other accrued liabilities and other long-term liabilities, based on the expected timing of the underlying payments ($200 million in each of January 2015 and 2016 treated as cash used for financing activities). The fair value is determined using a discounted cash flow model, which discounts future cash flows using our incremental borrowing rates.

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Borrowings, Long-term Debt (Details) - USD ($) $ in Millions		9 Months Ended
	Jul. 22, 2015	Sep. 26, 2015	Aug. 31, 2015	Jul. 31, 2015	Dec. 27, 2014
Debt Instrument [Line Items]
Long-term debt		$ 21,222			$ 13,195
Less: current portion of long-term debt		(1,096)			(1,088)
Total long-term debt		20,059			12,059
Long-term Debt [Member]
Debt Instrument [Line Items]
Less: debt issuance costs		$ (67)			(48)
2015 Senior notes due July 2020 at 2.45% [Member]
Debt Instrument [Line Items]
Maturity Date		Jul. 29, 2020
Stated Interest Rate		2.45%
Long-term debt		$ 1,748			0
2015 Senior notes due July 2022 at 3.10% [Member]
Debt Instrument [Line Items]
Maturity Date		Jul. 29, 2022
Stated Interest Rate		3.10%
Long-term debt		$ 1,000			0
2015 Senior notes due July 2025 at 3.70% [Member]
Debt Instrument [Line Items]
Maturity Date		Jul. 29, 2025
Stated Interest Rate		3.70%
Long-term debt		$ 2,247			0
Debt Instrument, Face Amount		$ 2,250
2015 Senior notes due July 2045 at 4.90% [Member]
Debt Instrument [Line Items]
Maturity Date		Jul. 29, 2045
Stated Interest Rate		4.90%
Long-term debt		$ 1,998			0
Debt Instrument, Face Amount		$ 2,000
2015 Senior notes due August 2045 at 4.90% [Member]
Debt Instrument [Line Items]
Maturity Date		Aug. 11, 2045
Stated Interest Rate		4.90%
Long-term debt		$ 1,010			0
Debt Instrument, Face Amount		$ 1,000	$ 1,000
2012 Senior notes due December 2017 at 1.35% [Member]
Debt Instrument [Line Items]
Maturity Date		Dec. 15, 2017
Stated Interest Rate		1.35%
Long-term debt		$ 2,998			2,998
2012 Senior notes due December 2022 at 2.70% [Member]
Debt Instrument [Line Items]
Maturity Date		Dec. 15, 2022
Stated Interest Rate		2.70%
Long-term debt		$ 1,495			1,495
2012 Senior notes due December 2032 at 4.00% [Member]
Debt Instrument [Line Items]
Maturity Date		Dec. 15, 2032
Stated Interest Rate		4.00%
Long-term debt		$ 744			744
2012 Senior notes due December 2042 at 4.25% [Member]
Debt Instrument [Line Items]
Maturity Date		Dec. 15, 2042
Stated Interest Rate		4.25%
Long-term debt		$ 924			924
2011 Senior notes due October 2016 at 1.95% [Member]
Debt Instrument [Line Items]
Maturity Date		Oct. 01, 2016
Stated Interest Rate		1.95%
Long-term debt		$ 1,500			1,499
2011 Senior notes due October 2021 at 3.30% [Member]
Debt Instrument [Line Items]
Maturity Date		Oct. 01, 2021
Stated Interest Rate		3.30%
Long-term debt		$ 1,997			1,997
2011 Senior notes due October 2041 at 4.80% [Member]
Debt Instrument [Line Items]
Maturity Date		Oct. 01, 2041
Stated Interest Rate		4.80%
Long-term debt		$ 1,490			1,490
2009 Junior subordinated convertible debentures due August 2039 At 3.25% [Member]
Debt Instrument [Line Items]
Maturity Date		Aug. 01, 2039
Stated Interest Rate		3.25%
Long-term debt		$ 1,096			1,088
Less: current portion of long-term debt		$ (1,100)
2005 Junior subordinated convertible debentures due December 2035 at 2.95% [Member]
Debt Instrument [Line Items]
Maturity Date		Dec. 15, 2035
Stated Interest Rate		2.95%
Long-term debt		$ 975			$ 960
2015 Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount		$ 8,000
July 2015 Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount				$ 7,000
2015 Senior Notes due 2025 and 2045 [Member]
Debt Instrument [Line Items]
Percentage Of Principal Amount Thereof Plus Accrued And Unpaid Interest, Redemption Price	101.00%

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Other Comprehensive Income (Loss) (Tables)

9 Months Ended

Sep. 26, 2015

Equity [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]

The changes in accumulated other comprehensive income (loss) by component and related tax effects in the first nine months of 2015 were as follows:

(In Millions)	Unrealized Holding Gains (Losses) on Available-for-Sale Investments			Deferred Tax Asset Valuation Allowance			Unrealized Holding Gains (Losses) on Derivatives			Prior Service Credits (Costs)			Actuarial Gains (Losses)			Foreign Currency Translation Adjustment			Total
December 27, 2014	$	2,459		$	26		$	(423	)	$	(47	)	$	(1,004	)	$	(345	)	$	666
Other comprehensive income (loss) before reclassifications	(1,365		)	—			(268		)	—			—			(187		)	(1,820		)
Amounts reclassified out of accumulated other comprehensive income (loss)	(86		)	—			400			6			43			—			363
Tax effects	508			(13		)	(43		)	—			(13		)	17			456
Other comprehensive income (loss)	(943		)	(13		)	89			6			30			(170		)	(1,001		)
September 26, 2015	$	1,516		$	13		$	(334	)	$	(41	)	$	(974	)	$	(515	)	$	(335	)

Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]

The amounts reclassified out of accumulated other comprehensive income (loss) into the consolidated condensed statements of income, with presentation location, for each period were as follows:

	Income Before Taxes Impact (In Millions)
	Three Months Ended						Nine Months Ended
Comprehensive Income Components	Sep 26, 2015			Sep 27, 2014			Sep 26, 2015			Sep 27, 2014			Location
Unrealized holding gains (losses) on available-for-sale investments:
	$	1		$	9		$	1		$	7		Interest and other, net
	11			9			85			132			Gains (losses) on equity investments, net
	12			18			86			139
Unrealized holding gains (losses) on derivatives:
Currency forwards	(81		)	(5		)	(217		)	(10		)	Cost of sales
	(50		)	8			(145		)	26			Research and development
	(16		)	2			(38		)	7			Marketing, general and administrative
Other instruments	—			(2		)	—			(2		)	Cost of sales
	(147		)	3			(400		)	21
Amortization of pension and postretirement benefit components:
Prior service credits (costs)	(2		)	(2		)	(6		)	(4		)
Actuarial gains (losses)	(15		)	(10		)	(43		)	(29		)
	(17		)	(12		)	(49		)	(33		)
Total amounts reclassified out of accumulated other comprehensive income (loss)	$	(152	)	$	9		$	(363	)	$	127

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Fair Value (Tables)

9 Months Ended

Sep. 26, 2015

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

Assets and liabilities measured and recorded at fair value on a recurring basis at the end of each period were as follows:

	September 26, 2015								December 27, 2014
	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	$	—	$	3,607	$	—	$	3,607	$	—	$	48	$	—	$	48
Financial institution instruments	100		1,756		—		1,856		321		1,119		—		1,440
Government debt	6		187		—		193		—		—		—		—
Reverse repurchase agreements	—		668		—		668		—		268		—		268
Short-term investments:
Corporate debt	263		1,960		30		2,253		363		412		31		806
Financial institution instruments	105		2,341		—		2,446		149		1,050		—		1,199
Government debt	81		2,339		—		2,420		252		173		—		425
Trading assets:
Asset-backed securities	—		384		55		439		—		766		58		824
Corporate debt	1,626		569		—		2,195		2,625		339		—		2,964
Financial institution instruments	964		541		—		1,505		1,146		613		—		1,759
Government debt	974		1,546		—		2,520		1,295		2,221		—		3,516
Other current assets:
Derivative assets	—		437		1		438		—		559		2		561
Loans receivable	—		140		—		140		—		505		—		505
Marketable equity securities	5,498		120		—		5,618		7,097		—		—		7,097
Other long-term investments:
Asset-backed securities	—		1		4		5		—		2		4		6
Corporate debt	339		941		3		1,283		453		728		13		1,194
Financial institution instruments	88		320		—		408		189		319		—		508
Government debt	84		49		—		133		75		240		—		315
Other long-term assets:
Derivative assets	—		33		15		48		—		35		22		57
Loans receivable	—		350		—		350		—		216		—		216
Total assets measured and recorded at fair value	10,128		18,289		108		28,525		13,965		9,613		130		23,708
Liabilities
Other accrued liabilities:
Derivative liabilities	—		276		7		283		—		563		—		563
Other long-term liabilities:
Derivative liabilities	—		17		—		17		—		17		—		17
Total liabilities measured and recorded at fair value	$	—	$	293	$	7	$	300	$	—	$	580	$	—	$	580

Financial Instruments Not Recorded At Fair Value On Recurring Basis [Table Text Block]

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:

	September 26, 2015
(In Millions)	Carrying Amount		Fair Value Measured Using						Fair Value
			Level 1		Level 2		Level 3
Grants receivable	$	749	$	—	$	756	$	—	$	756
Loans receivable	$	310	$	—	$	310	$	—	$	310
Non-marketable cost method investments	$	3,003	$	—	$	—	$	3,938	$	3,938
Reverse repurchase agreements	$	2,650	$	—	$	2,650	$	—	$	2,650
Short-term debt	$	1,088	$	—	$	1,554	$	—	$	1,554
Long-term debt	$	20,059	$	13,192	$	7,508	$	—	$	20,700
NVIDIA Corporation cross-license agreement liability	$	198	$	—	$	200	$	—	$	200

	December 27, 2014
(In Millions)	Carrying Amount		Fair Value Measured Using						Fair Value
			Level 1		Level 2		Level 3
Grants receivable	$	676	$	—	$	679	$	—	$	679
Loans receivable	$	250	$	—	$	250	$	—	$	250
Non-marketable cost method investments	$	1,769	$	—	$	—	$	2,599	$	2,599
Reverse repurchase agreements	$	450	$	—	$	450	$	—	$	450
Short-term debt	$	1,580	$	—	$	2,145	$	—	$	2,145
Long-term debt	$	12,059	$	11,467	$	1,309	$	—	$	12,776
NVIDIA Corporation cross-license agreement liability	$	395	$	—	$	399	$	—	$	399

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Operating Segments Information

9 Months Ended

Sep. 26, 2015

Segment Reporting [Abstract]

Operating Segments Information [Text Block]

Note 22: Operating Segments Information

Our operating segments in effect as of September 26, 2015 include:

•    Client Computing Group	•    All other
•    Data Center Group	•    Non-Volatile Memory Solutions Group
•    Internet of Things Group	•    New Devices Group
•    Software and services operating segments
•    McAfee
•    Software and Services Group

During the first quarter of 2015, we combined the PC Client Group and Mobile and Communications Group to create the Client Computing Group (CCG). This change in our organizational structure reflects our strategy to address all aspects of the client computing market segment and utilize our intellectual property to offer compelling customer solutions. All prior-period amounts have been retrospectively adjusted to reflect the way we internally manage and monitor segment performance starting in fiscal year 2015 and includes other minor reorganizations.

The Chief Operating Decision Maker (CODM) is our CEO. The CODM allocates resources to and assesses the performance of each operating segment using information about its revenue and operating income (loss).

We manage our business activities primarily based on a product segmentation basis. CCG and Data Center Group are our reportable operating segments. Internet of Things Group and the aggregated “software and services operating segments” as shown in the preceding operating segment list, do not meet the quantitative thresholds to qualify as reportable operating segments; however, we have elected to disclose the results of these non-reportable operating segments. Our Non-Volatile Memory Solutions Group and New Devices Group operating segments do not meet the quantitative thresholds to qualify as reportable segments and their combined results are included within the “all other” category.

Revenue for our reportable and aggregated non-reportable operating segments is primarily related to the following product lines:

• Client Computing Group. Includes platforms designed for the notebook (including Ultrabook™ devices), 2 in 1 systems, the desktop (including all-in-ones and high-end enthusiast PCs), tablets, and smartphones; wireless and wired connectivity products; as well as mobile communication components.

• Data Center Group.Includes server, network, and storage platforms designed for enterprise, cloud, communications infrastructure, and technical computing segments.

• Internet of Things Group. Includes platforms designed for embedded market segments including retail, transportation, industrial, and buildings and home, along with a broad range of other market segments.

• Software and services operating segments.Includes software and hardware products for endpoint security, network and content security, risk and compliance, and consumer and mobile security from our McAfee business, and software products and services that promote Intel architecture as the platform of choice for software development.

We have sales and marketing, manufacturing, engineering, finance, and administration groups. Expenses for these groups are generally allocated to the operating segments, and the expenses are included in the following operating results.

The “all other” category includes revenue, expenses, and charges such as:

• results of operations from our Non-Volatile Memory Solutions Group and New Devices Group;

• amounts included within restructuring and asset impairment 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 CODM;

• 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						Nine Months Ended
(In Millions)	Sep 26, 2015			Sep 27, 2014			Sep 26, 2015			Sep 27, 2014
Net revenue:
Client Computing Group
Platform	$	8,089		$	8,749		$	22,262		$	24,744
Other	417			442			1,201			1,262
	8,506			9,191			23,463			26,006
Data Center Group
Platform	3,863			3,439			10,861			9,543
Other	277			261			808			753
	4,140			3,700			11,669			10,296
Internet of Things Group
Platform	501			456			1,450			1,320
Other	80			74			223			231
	581			530			1,673			1,551
Software and services operating segments	556			558			1,624			1,659
All other	682			575			2,012			1,637
Total net revenue	$	14,465		$	14,554		$	40,441		$	41,149
Operating income (loss):
Client Computing Group	$	2,433		$	3,053		$	5,445		$	7,486
Data Center Group	2,127			1,946			5,671			5,124
Internet of Things Group	151			145			383			406
Software and services operating segments	102			29			119			56
All other	(621		)	(633		)	(1,915		)	(2,178		)
Total operating income	$	4,192		$	4,540		$	9,703		$	10,894

XML

Identified Intangible Assets, Indefinite-Lived Intangible Asset (Detail) - USD ($) $ in Millions	Sep. 26, 2015	Dec. 27, 2014
Indefinite-lived Intangible Assets [Line Items]
Gross Assets, Not Subject to Amortization	$ 970	$ 991
Acquisition-related Trade Names [Member]
Indefinite-lived Intangible Assets [Line Items]
Gross Assets, Not Subject to Amortization	767	788
Other Intangible Assets [Member]
Indefinite-lived Intangible Assets [Line Items]
Gross Assets, Not Subject to Amortization	$ 203	$ 203

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Operating Segments Information (Tables)

9 Months Ended

Sep. 26, 2015

Segment Reporting [Abstract]

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						Nine Months Ended
(In Millions)	Sep 26, 2015			Sep 27, 2014			Sep 26, 2015			Sep 27, 2014
Net revenue:
Client Computing Group
Platform	$	8,089		$	8,749		$	22,262		$	24,744
Other	417			442			1,201			1,262
	8,506			9,191			23,463			26,006
Data Center Group
Platform	3,863			3,439			10,861			9,543
Other	277			261			808			753
	4,140			3,700			11,669			10,296
Internet of Things Group
Platform	501			456			1,450			1,320
Other	80			74			223			231
	581			530			1,673			1,551
Software and services operating segments	556			558			1,624			1,659
All other	682			575			2,012			1,637
Total net revenue	$	14,465		$	14,554		$	40,441		$	41,149
Operating income (loss):
Client Computing Group	$	2,433		$	3,053		$	5,445		$	7,486
Data Center Group	2,127			1,946			5,671			5,124
Internet of Things Group	151			145			383			406
Software and services operating segments	102			29			119			56
All other	(621		)	(633		)	(1,915		)	(2,178		)
Total operating income	$	4,192		$	4,540		$	9,703		$	10,894

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Cash and Investments (Tables)

9 Months Ended

Sep. 26, 2015

Investments and Cash [Abstract]

Schedule of Total Cash and Investments [Table Text Block]

Cash and investments at the end of each period were as follows:

(In Millions)	Sep 26, 2015		Dec 27, 2014
Available-for-sale investments	$	20,222	$	13,038
Cash	741		805
Equity method investments	1,577		1,446
Loans receivable	800		971
Non-marketable cost method investments	3,003		1,769
Reverse repurchase agreements	3,318		718
Trading assets	6,659		9,063
Total cash and investments	$	36,320	$	27,810

Schedule of Available-For-Sale Securities [Line Items]

Schedule of Available-for-sale Securities Reconciliation [Table Text Block]

Available-for-sale investments at the end of each period were as follows:

	September 26, 2015									December 27, 2014
(In Millions)	Adjusted Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value		Adjusted Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Asset-backed securities	$	7	$	—	$	(2	)	$	5	$	8	$	—	$	(2	)	$	6
Corporate debt	7,139		11		(7		)	7,143		2,040		13		(5		)	2,048
Financial institution instruments	4,709		2		(1		)	4,710		3,146		2		(1		)	3,147
Government debt	2,747		—		(1		)	2,746		741		—		(1		)	740
Marketable equity securities	3,287		2,342		(11		)	5,618		3,318		3,779		—			7,097
Total available-for-sale investments	$	17,889	$	2,355	$	(22	)	$	20,222	$	9,253	$	3,794	$	(9	)	$	13,038

Available-for-sale Securities [Member]

Schedule of Available-For-Sale Securities [Line Items]

Investments Classified by Contractual Maturity Date [Table Text Block]

The amortized cost and fair value of available-for-sale debt investments, by contractual maturity, as of September 26, 2015, were as follows:

(In Millions)	Cost		Fair Value
Due in 1 year or less	$	12,643	$	12,651
Due in 1–2 years	1,166		1,164
Due in 2–5 years	661		660
Instruments not due at a single maturity date	132		129
Total	$	14,602	$	14,604

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Inventories (Tables)

9 Months Ended

Sep. 26, 2015

Inventory, Net [Abstract]

Schedule of Inventory, Current [Table Text Block]

Inventories at the end of each period were as follows:

(In Millions)	Sep 26, 2015		Dec 27, 2014
Raw materials	$	557	$	462
Work in process	2,690		2,375
Finished goods	1,718		1,436
Total inventories	$	4,965	$	4,273

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Recent Accounting Standards

9 Months Ended

Sep. 26, 2015

New Accounting Pronouncements and Changes in Accounting Principles [Abstract]

Recent Accounting Standards [Text Block]

Note 2: Recent Accounting Standards

In May 2014, the Financial Accounting Standards Board (FASB) issued a new standard to achieve a consistent application of revenue recognition within the U.S., resulting in a single revenue model to be applied by reporting companies under U.S. generally accepted accounting principles. Under the new model, recognition of revenue occurs when a customer obtains control of promised goods or services in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. In addition, the new standard requires that reporting companies disclose the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. On July 9, 2015, the FASB agreed to delay the effective date by one year. In accordance with the agreed upon delay, the new standard is effective for us beginning in the first quarter of 2018 and we expect to adopt it at that time. The new standard is required to be applied retrospectively to each prior reporting period presented or retrospectively with the cumulative effect of initially applying it recognized at the date of initial application. We have not yet selected a transition method nor have we determined the impact of the new standard on our consolidated condensed financial statements.

In the third quarter of 2015, we adopted an amended standard simplifying the presentation of debt issuance costs as a direct deduction from the carrying value of the debt liability rather than showing the debt issuance costs as an asset. We have applied the amendment retrospectively to the comparable period presented and it did not have a significant impact on our financial statements.

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Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 26, 2015

Derivative [Line Items]

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

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

(In Millions)	Sep 26, 2015		Dec 27, 2014		Sep 27, 2014
Currency forwards	$	12,395	$	15,578	$	13,896
Currency interest rate swaps	4,966		5,446		5,015
Embedded debt derivatives	3,600		3,600		3,600
Interest rate swaps	1,740		1,347		1,259
Total return swaps	1,020		1,056		1,032
Other	64		49		53
Total	$	23,785	$	27,076	$	24,855

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

(In Millions)	Sep 26, 2015		Dec 27, 2014		Sep 27, 2014
Chinese yuan	$	2,650	$	3,097	$	1,420
Euro	6,546		7,486		6,973
Israeli shekel	1,938		2,489		2,170
Japanese yen	2,733		3,779		4,223
Other	3,494		4,173		4,125
Total	$	17,361	$	21,024	$	18,911

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

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

	September 26, 2015								December 27, 2014
(In Millions)	Other Current Assets		Other Long-Term Assets		Other Accrued Liabilities		Other Long-Term Liabilities		Other Current Assets		Other Long-Term Assets		Other Accrued Liabilities		Other Long-Term Liabilities
Derivatives designated as hedging instruments:
Currency forwards	$	31	$	6	$	156	$	1	$	6	$	1	$	497	$	9
Interest rate swaps	—		3		—		—		—		—		—		—
Total derivatives designated as hedging instruments	31		9		156		1		6		1		497		9
Derivatives not designated as hedging instruments:
Currency forwards	40		—		78		—		207		—		44		—
Currency interest rate swaps	365		24		36		—		344		34		7		—
Embedded debt derivatives	—		—		—		16		—		—		4		8
Interest rate swaps	—		—		5		—		3		—		11		—
Other	2		15		8		—		1		22		—		—
Total derivatives not designated as hedging instruments	407		39		127		16		555		56		66		8
Total derivatives	$	438	$	48	$	283	$	17	$	561	$	57	$	563	$	17

Offsetting Assets And Liabilities [Table Text Block]

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

	September 26, 2015
							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	$	475	$	—	$	475	$	(206	)	$	(127	)	$	142
Reverse repurchase agreements	3,318		—		3,318		—			(3,318		)	—
Total assets	3,793		—		3,793		(206		)	(3,445		)	142
Liabilities:
Derivative liabilities subject to master netting arrangements	298		—		298		(206		)	(15		)	77
Total liabilities	$	298	$	—	$	298	$	(206	)	$	(15	)	$	77

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

Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss) [Table Text Block]

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

	Three Months Ended						Nine Months Ended
(In Millions)	Sep 26, 2015			Sep 27, 2014			Sep 26, 2015			Sep 27, 2014
Currency forwards	$	(68	)	$	(241	)	$	(268	)	$	(201	)
Other	—			—			—			(3		)
Total	$	(68	)	$	(241	)	$	(268	)	$	(204	)

Not Designated as Hedging Instrument [Member]

Derivative [Line Items]

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

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

		Three Months Ended						Nine Months Ended
(In Millions)	Location of Gains (Losses) Recognized in Income on Derivatives	Sep 26, 2015			Sep 27, 2014			Sep 26, 2015			Sep 27, 2014
Currency forwards	Interest and other, net	$	(19	)	$	62		$	(33	)	$	40
Currency interest rate swaps	Interest and other, net	80			221			283			193
Interest rate swaps	Interest and other, net	(3		)	1			(8		)	(3		)
Total return swaps	Various	(90		)	(7		)	(48		)	51
Other	Various	(3		)	(3		)	(17		)	(1		)
Total		$	(35	)	$	274		$	177		$	280

Interest and other, net [Member] | Fair Value Hedging [Member]

Derivative [Line Items]

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

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					Nine Months Ended
(In Millions)	Sep 26, 2015			Sep 27, 2014		Sep 26, 2015			Sep 27, 2014
Interest rate swap	$	3		$	—	$	3		$	—
Hedged item	(3		)	—		(3		)	—
Total	$	—		$	—	$	—		$	—

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Gains (Losses) on Equity Investments, Net (Tables)

9 Months Ended

Sep. 26, 2015

Gains (Losses) on Equity Investments, Net [Abstract]

Schedule Of Gains (Losses) On Equity Investments, Net [Table Text Block]

The components of gains (losses) on equity investments, net for each period were as follows:

	Three Months Ended						Nine Months Ended
(In Millions)	Sep 26, 2015			Sep 27, 2014			Sep 26, 2015			Sep 27, 2014
Share of equity method investee losses, net	$	(22	)	$	(17	)	$	(81	)	$	(42	)
Impairments	(28		)	(33		)	(107		)	(108		)
Gains on sales, net	11			—			110			147
Dividends	5			1			52			54
Other, net	199			84			323			127
Total gains (losses) on equity investments, net	$	165		$	35		$	297		$	178

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Acquisitions (Detail) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended	9 Months Ended
	Jun. 27, 2015	Sep. 26, 2015
Series of Individually Immaterial Business Acquisitions [Member]
Business Acquisition [Line Items]
Business Combinations During Period, Consideration Transferred		$ 591
Lantiq Semiconductor [Member]
Business Acquisition [Line Items]
Business Combinations During Period, Consideration Transferred	$ 383
Altera Corporation [Member] | Subject To Regulatory Approvals And Other Closing Conditions [Member]
Business Acquisition [Line Items]
Business Acquisition, Share Price	$ 54.00
Estimated Transaction Value For Acquiree As Of Date Of Agreement	$ 16,700

XML

Operating Segments Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 26, 2015	Sep. 27, 2014	Sep. 26, 2015	Sep. 27, 2014
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]
Net revenue	$ 14,465	$ 14,554	$ 40,441	$ 41,149
Operating income (loss)	4,192	4,540	9,703	10,894
Client Computing Group [Member]
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]
Net revenue	8,506	9,191	23,463	26,006
Operating income (loss)	2,433	3,053	5,445	7,486
Client Computing Group [Member] | Platform [Member]
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]
Net revenue	8,089	8,749	22,262	24,744
Client Computing Group [Member] | Other [Member]
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]
Net revenue	417	442	1,201	1,262
Data Center Group [Member]
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]
Net revenue	4,140	3,700	11,669	10,296
Operating income (loss)	2,127	1,946	5,671	5,124
Data Center Group [Member] | Platform [Member]
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]
Net revenue	3,863	3,439	10,861	9,543
Data Center Group [Member] | Other [Member]
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]
Net revenue	277	261	808	753
Internet of Things Group [Member]
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]
Net revenue	581	530	1,673	1,551
Operating income (loss)	151	145	383	406
Internet of Things Group [Member] | Platform [Member]
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]
Net revenue	501	456	1,450	1,320
Internet of Things Group [Member] | Other [Member]
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]
Net revenue	80	74	223	231
Software and services operating segments [Member]
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]
Net revenue	556	558	1,624	1,659
Operating income (loss)	102	29	119	56
All other [Member]
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]
Net revenue	682	575	2,012	1,637
Operating income (loss)	$ (621)	$ (633)	$ (1,915)	$ (2,178)

XML

Consolidated Condensed Statements of Income - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 26, 2015	Sep. 27, 2014	Sep. 26, 2015	Sep. 27, 2014
Income Statement [Abstract]
Net revenue	$ 14,465	$ 14,554	$ 40,441	$ 41,149
Cost of sales	5,354	5,096	15,352	15,161
Gross margin	9,111	9,458	25,089	25,988
Research and development	2,927	2,842	9,009	8,547
Marketing, general and administrative	1,910	1,979	5,812	6,087
Restructuring and asset impairment charges	14	20	367	238
Amortization of acquisition-related intangibles	68	77	198	222
Operating expenses	4,919	4,918	15,386	15,094
Operating income	4,192	4,540	9,703	10,894
Gains (losses) on equity investments, net	165	35	297	178
Interest and other, net	(104)	(25)	(91)	70
Income before taxes	4,253	4,550	9,909	11,142
Provision for taxes	1,144	1,233	2,102	3,099
Net income	$ 3,109	$ 3,317	$ 7,807	$ 8,043
Basic earnings per share of common stock (in dollars per share)	$ 0.65	$ 0.68	$ 1.64	$ 1.63
Diluted earnings per share of common stock (in dollars per share)	0.64	0.66	1.59	1.58
Cash dividends declared per share of common stock (in dollars per share)	$ 0.48	$ 0.45	$ 0.96	$ 0.90
Weighted average shares of common stock outstanding:
Basic (shares)	4,747	4,880	4,749	4,945
Diluted (shares)	4,876	5,045	4,900	5,095

XML

Fair Value (Detail) - USD ($) $ in Millions	1 Months Ended	3 Months Ended		9 Months Ended
	Jan. 31, 2011	Sep. 26, 2015	Sep. 27, 2014	Sep. 26, 2015	Sep. 27, 2014	Dec. 27, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading assets, Fair Value Disclosure		$ 6,659		$ 6,659		$ 9,063
Loans receivable, Fair Value Disclosure		490		490		721
Loans receivable		800		800		971
Non-marketable cost method investments		3,003		3,003		1,769
Reverse repurchase agreements		3,318		3,318		718
Long-term debt		20,059		20,059		12,059
Loss Contingency, Cross License Annual Payment Amount Years 2014 Through 2016	$ 200
Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure		28,525		28,525		23,708
Liabilities, Fair Value Disclosure		300		300		580
Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Non-Marketable Equity Investments, Gains (Losses)		(27)	$ (28)	(100)	$ (93)
Carrying Amount [Member] | Not Recorded At Fair Value On Recurring Basis [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Grants Receivable		749		749		676
Loans receivable		310		310		250
Non-marketable cost method investments		3,003		3,003		1,769
Reverse repurchase agreements		2,650		2,650		450
Short-term debt		1,088		1,088		1,580
Long-term debt		20,059		20,059		12,059
Carrying Amount [Member] | Not Recorded At Fair Value On Recurring Basis [Member] | NVIDIA Corporation cross-license agreement liability [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notes payable		198		198		395
Fair Value [Member] | Not Recorded At Fair Value On Recurring Basis [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Grants Receivable, Fair Value Disclosure		756		756		679
Loans receivable		310		310		250
Non-marketable cost method investments, Fair Value Disclosure		3,938		3,938		2,599
Reverse repurchase agreements		2,650		2,650		450
Short-term debt, Fair Value Disclosure		1,554		1,554		2,145
Long-term debt		20,700		20,700		12,776
Fair Value [Member] | Not Recorded At Fair Value On Recurring Basis [Member] | NVIDIA Corporation cross-license agreement liability [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notes payable, Fair Value Disclosure		200		200		399
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		2,195		2,195		2,964
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		1,505		1,505		1,759
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		2,520		2,520		3,516
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		439		439		824
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		5,618		5,618		7,097
Corporate Debt, Financial Institution Instruments, And Government Debt [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Assets, Level 1 to Level 2 Transfers, Amount			230		230
Fair Value, Assets, Level 2 to Level 1 Transfers, Amount			$ 400		$ 400
Corporate Debt, Financial Institution Instruments, Government Debt, And Marketable Equity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Assets, Level 1 to Level 2 Transfers, Amount		821		821
Corporate Debt And Financial Institution Instruments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Assets, Level 2 to Level 1 Transfers, Amount		148		148
Cash Equivalents [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Reverse Repurchase Agreements, Fair Value Disclosure		668		668		268
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		3,607		3,607		48
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		1,856		1,856		1,440
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		193		193		0
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		2,253		2,253		806
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		2,446		2,446		1,199
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		2,420		2,420		425
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		438		438		561
Loans receivable, Fair Value Disclosure		140		140		505
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		1,283		1,283		1,194
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		408		408		508
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		133		133		315
Other Long-Term Investments [Member] | Asset-Backed 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		5		6
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		48		48		57
Loans receivable, Fair Value Disclosure		350		350		216
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		283		283		563
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		17		17		17
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		10,128		10,128		13,965
Liabilities, Fair Value Disclosure		0		0		0
Level 1 [Member] | Fair Value [Member] | Not Recorded At Fair Value On Recurring Basis [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Grants Receivable, Fair Value Disclosure		0		0		0
Loans receivable		0		0		0
Non-marketable cost method investments, Fair Value Disclosure		0		0		0
Reverse repurchase agreements		0		0		0
Short-term debt, Fair Value Disclosure		0		0		0
Long-term debt		13,192		13,192		11,467
Level 1 [Member] | Fair Value [Member] | Not Recorded At Fair Value On Recurring Basis [Member] | NVIDIA Corporation cross-license agreement liability [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notes payable, Fair Value Disclosure		0		0		0
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		1,626		1,626		2,625
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		964		964		1,146
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		974		974		1,295
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		0		0		0
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		5,498		5,498		7,097
Level 1 [Member] | Cash Equivalents [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Reverse Repurchase Agreements, Fair Value Disclosure		0		0		0
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		0		0		0
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		100		100		321
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		6		6		0
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		263		263		363
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		105		105		149
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		81		81		252
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		0		0		0
Loans receivable, Fair Value Disclosure		0		0		0
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		339		339		453
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		88		88		189
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		84		84		75
Level 1 [Member] | Other Long-Term Investments [Member] | Asset-Backed Securities [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure		0		0		0
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		0		0		0
Loans receivable, Fair Value Disclosure		0		0		0
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		0		0		0
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		0		0		0
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		18,289		18,289		9,613
Liabilities, Fair Value Disclosure		293		293		580
Level 2 [Member] | Fair Value [Member] | Not Recorded At Fair Value On Recurring Basis [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Grants Receivable, Fair Value Disclosure		756		756		679
Loans receivable		310		310		250
Non-marketable cost method investments, Fair Value Disclosure		0		0		0
Reverse repurchase agreements		2,650		2,650		450
Short-term debt, Fair Value Disclosure		1,554		1,554		2,145
Long-term debt		7,508		7,508		1,309
Level 2 [Member] | Fair Value [Member] | Not Recorded At Fair Value On Recurring Basis [Member] | NVIDIA Corporation cross-license agreement liability [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notes payable, Fair Value Disclosure		200		200		399
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		569		569		339
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		541		541		613
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		1,546		1,546		2,221
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		384		384		766
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		120		120		0
Level 2 [Member] | Cash Equivalents [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Reverse Repurchase Agreements, Fair Value Disclosure		668		668		268
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		3,607		3,607		48
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		1,756		1,756		1,119
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		187		187		0
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		1,960		1,960		412
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		2,341		2,341		1,050
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		2,339		2,339		173
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		437		437		559
Loans receivable, Fair Value Disclosure		140		140		505
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		941		941		728
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		320		320		319
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		49		49		240
Level 2 [Member] | Other Long-Term Investments [Member] | Asset-Backed 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		1		2
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		33		33		35
Loans receivable, Fair Value Disclosure		350		350		216
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		276		276		563
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		17		17		17
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		108		108		130
Liabilities, Fair Value Disclosure		7		7		0
Level 3 [Member] | Fair Value [Member] | Not Recorded At Fair Value On Recurring Basis [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Grants Receivable, Fair Value Disclosure		0		0		0
Loans receivable		0		0		0
Non-marketable cost method investments, Fair Value Disclosure		3,938		3,938		2,599
Reverse repurchase agreements		0		0		0
Short-term debt, Fair Value Disclosure		0		0		0
Long-term debt		0		0		0
Level 3 [Member] | Fair Value [Member] | Not Recorded At Fair Value On Recurring Basis [Member] | NVIDIA Corporation cross-license agreement liability [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notes payable, Fair Value Disclosure		0		0		0
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		0		0		0
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		0		0		0
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		0		0		0
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		55		55		58
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		0		0		0
Level 3 [Member] | Cash Equivalents [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Reverse Repurchase Agreements, Fair Value Disclosure		0		0		0
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		0		0		0
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		0		0		0
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		0		0		0
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		30		30		31
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		0		0		0
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		0		0		0
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		1		1		2
Loans receivable, Fair Value Disclosure		0		0		0
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		3		3		13
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		0		0		0
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		0		0		0
Level 3 [Member] | Other Long-Term Investments [Member] | Asset-Backed Securities [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure		4		4		4
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		15		15		22
Loans receivable, Fair Value Disclosure		0		0		0
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		7		7		0
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		$ 0		$ 0		$ 0

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Consolidated Condensed Statements of Cash Flows - USD ($) $ in Millions	9 Months Ended
	Sep. 26, 2015	Sep. 27, 2014
Statement of Cash Flows [Abstract]
Cash and cash equivalents, beginning of period	$ 2,561	$ 5,674
Cash flows provided by (used for) operating activities:
Net income	7,807	8,043
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	5,885	5,491
Share-based compensation	1,009	867
Restructuring and asset impairment charges	367	238
Excess tax benefit from share-based payment arrangements	(139)	(109)
Amortization of intangibles	680	884
(Gains) losses on equity investments, net	(245)	(124)
Deferred taxes	(1,093)	(347)
Changes in assets and liabilities:
Accounts receivable	332	(76)
Inventories	(640)	59
Accounts payable	(86)	(292)
Accrued compensation and benefits	(1,217)	(408)
Income taxes payable and receivable	774	(190)
Other assets and liabilities	156	611
Total adjustments	5,783	6,604
Net cash provided by operating activities	13,590	14,647
Cash flows provided by (used for) investing activities:
Additions to property, plant and equipment	(4,998)	(7,962)
Acquisitions, net of cash acquired	(538)	(193)
Purchases of available-for-sale investments	(7,522)	(6,077)
Sales of available-for-sale investments	1,040	786
Maturities of available-for-sale investments	2,153	7,396
Purchases of trading assets	(7,943)	(10,347)
Maturities and sales of trading assets	10,465	9,541
Investments in loans receivable and reverse repurchase agreements	(2,550)	(150)
Collection of loans receivable and reverse repurchase agreements	466	117
Investments in non-marketable equity investments	(1,864)	(1,330)
Other investing	380	218
Net cash used for investing activities	(10,911)	(8,001)
Cash flows provided by (used for) financing activities:
Increase (decrease) in short-term debt, net	(473)	(202)
Excess tax benefit from share-based payment arrangements	139	109
Issuance of long-term debt, net of issuance costs	7,986	0
Proceeds from sales of common stock through employee equity incentive plans	696	1,566
Repurchase of common stock	(2,476)	(6,792)
Restricted stock unit withholdings	(416)	(314)
Payment of dividends to stockholders	(3,423)	(3,340)
Collateral associated with repurchase of common stock	325	0
Decrease in liability due to return of collateral associated with repurchase of common stock	(325)	0
Other financing	(209)	(199)
Net cash provided by (used for) financing activities	1,824	(9,172)
Effect of exchange rate fluctuations on cash and cash equivalents	1	(5)
Net increase (decrease) in cash and cash equivalents	4,504	(2,531)
Cash and cash equivalents, end of period	7,065	3,143
Cash paid during the period for:
Interest, net of capitalized interest	60	59
Income taxes, net of refunds	$ 2,301	$ 3,579

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Restructuring and Asset Impairment Charges (Detail) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 26, 2015 USD ($) Employee	Sep. 27, 2014 USD ($)	Sep. 26, 2015 USD ($) Employee	Sep. 27, 2014 USD ($)
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Incurred Cost	$ 14	$ 20	$ 367	$ 238
2015 Restructuring Program [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Incurred Cost	22	0	$ 272	0
Restructuring and Related Cost, Number of Positions Eliminated | Employee			3,800
Restructuring and Related Activities, Completion Date			Dec. 26, 2015
Restructuring Reserve [Roll Forward]
Accrued restructuring, Beginning Balance			$ 0
Accrued restructuring, Additional accruals			(285)
Accrued restructuring, Adjustments			(13)
Accrued restructuring, Cash payments			(178)
Accrued restructuring, Non-cash settlements			(1)
Accrued restructuring, Ending Balance	93		93
2015 Restructuring Program [Member] | Employee severance and benefit arrangements [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Incurred Cost	20	0	270	0
Restructuring Reserve [Roll Forward]
Accrued restructuring, Beginning Balance			0
Accrued restructuring, Additional accruals			(283)
Accrued restructuring, Adjustments			(13)
Accrued restructuring, Cash payments			(178)
Accrued restructuring, Non-cash settlements			0
Accrued restructuring, Ending Balance	92		92
2015 Restructuring Program [Member] | Asset Impairments and other restructuring charges [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Incurred Cost	2	0	2	0
Restructuring Reserve [Roll Forward]
Accrued restructuring, Beginning Balance			0
Accrued restructuring, Additional accruals			(2)
Accrued restructuring, Adjustments			0
Accrued restructuring, Cash payments			0
Accrued restructuring, Non-cash settlements			(1)
Accrued restructuring, Ending Balance	1		1
2013 Restructuring Program [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Incurred Cost	(8)	20	$ 95	238
Restructuring and Related Cost, Number of Positions Eliminated | Employee			1,100
Restructuring and Related Activities, Completion Date			Dec. 26, 2015
Restructuring and Related Cost, Cost Incurred to Date	$ 630		$ 630
Restructuring and Related Cost, Number of Positions Eliminated, Inception to Date | Employee	8,700		8,700
Restructuring Reserve [Roll Forward]
Accrued restructuring, Beginning Balance			$ 132
Accrued restructuring, Additional accruals			(109)
Accrued restructuring, Adjustments			(14)
Accrued restructuring, Cash payments			(170)
Accrued restructuring, Non-cash settlements			(3)
Accrued restructuring, Ending Balance	$ 54		54
2013 Restructuring Program [Member] | Employee severance and benefit arrangements [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Incurred Cost	(9)	9	87	218
Restructuring and Related Cost, Cost Incurred to Date	553		553
Restructuring Reserve [Roll Forward]
Accrued restructuring, Beginning Balance			121
Accrued restructuring, Additional accruals			(100)
Accrued restructuring, Adjustments			(13)
Accrued restructuring, Cash payments			(156)
Accrued restructuring, Non-cash settlements			0
Accrued restructuring, Ending Balance	52		52
2013 Restructuring Program [Member] | Asset Impairments and other restructuring charges [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Incurred Cost	1	$ 11	8	$ 20
Restructuring and Related Cost, Cost Incurred to Date	77		77
Restructuring Reserve [Roll Forward]
Accrued restructuring, Beginning Balance			11
Accrued restructuring, Additional accruals			(9)
Accrued restructuring, Adjustments			(1)
Accrued restructuring, Cash payments			(14)
Accrued restructuring, Non-cash settlements			(3)
Accrued restructuring, Ending Balance	$ 2		$ 2

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Other Long-Term Assets (Tables)

9 Months Ended

Sep. 26, 2015

Other Assets, Noncurrent Disclosure [Abstract]

Schedule of Other Assets, Noncurrent [Table Text Block]

Other long-term assets at the end of each period were as follows:

(In Millions)	Sep 26, 2015		Dec 27, 2014
Equity method investments	$	1,577	$	1,446
Non-marketable cost method investments	3,003		1,769
Non-current deferred tax assets	640		622
Pre-payments for property, plant and equipment	551		636
Loans receivable	650		416
Grants receivable	490		312
Reverse repurchase agreements	350		350
Other	994		954
Total other long-term assets	$	8,255	$	6,505

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Gains (Losses) on Equity Investments, Net (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 26, 2015	Sep. 27, 2014	Sep. 26, 2015	Sep. 27, 2014
Schedule Of Investment Type [Line Items]
Share of equity method investee losses, net	$ (22)	$ (17)	$ (81)	$ (42)
Impairments	(28)	(33)	(107)	(108)
Other, net	199	84	323	127
Total gains (losses) on equity investments, net	165	35	297	178
Equity Investments [Member]
Schedule Of Investment Type [Line Items]
Gains on sales, net	11	0	110	147
Dividends	$ 5	$ 1	$ 52	$ 54

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Gains (Losses) on Equity Investments, Net

9 Months Ended

Sep. 26, 2015

Gains (Losses) on Equity Investments, Net [Abstract]

Gains (Losses) on Equity Investments, Net [Text Block]

Note 16: Gains (Losses) on Equity Investments, Net

The components of gains (losses) on equity investments, net for each period were as follows:

	Three Months Ended						Nine Months Ended
(In Millions)	Sep 26, 2015			Sep 27, 2014			Sep 26, 2015			Sep 27, 2014
Share of equity method investee losses, net	$	(22	)	$	(17	)	$	(81	)	$	(42	)
Impairments	(28		)	(33		)	(107		)	(108		)
Gains on sales, net	11			—			110			147
Dividends	5			1			52			54
Other, net	199			84			323			127
Total gains (losses) on equity investments, net	$	165		$	35		$	297		$	178

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Restructuring and Asset Impairment Charges (Tables)

9 Months Ended

Sep. 26, 2015

Restructuring Costs and Asset Impairment Charges [Abstract]

Restructuring and Related Costs [Table Text Block]

Restructuring and asset impairment charges for the 2015 restructuring program for each period were as follows:

	Three Months Ended				Nine Months Ended
(In Millions)	Sep 26, 2015		Sep 27, 2014		Sep 26, 2015		Sep 27, 2014
Employee severance and benefit arrangements	$	20	$	—	$	270	$	—
Asset impairments and other restructuring charges	2		—		2		—
Total restructuring and asset impairment charges	$	22	$	—	$	272	$	—

Restructuring and asset impairment charges by program for each period were as follows:

	Three Months Ended					Nine Months Ended
(In Millions)	Sep 26, 2015			Sep 27, 2014		Sep 26, 2015		Sep 27, 2014
2015 restructuring program	$	22		$	—	$	272	$	—
2013 restructuring program	(8		)	20		95		238
Total restructuring and asset impairment charges	$	14		$	20	$	367	$	238

Restructuring and asset impairment charges for the 2013 restructuring program for each period were as follows:

	Three Months Ended					Nine Months Ended
(In Millions)	Sep 26, 2015			Sep 27, 2014		Sep 26, 2015		Sep 27, 2014
Employee severance and benefit arrangements	$	(9	)	$	9	$	87	$	218
Asset impairments and other restructuring charges	1			11		8		20
Total restructuring and asset impairment charges	$	(8	)	$	20	$	95	$	238

Schedule of Restructuring Reserve by Type of Cost [Table Text Block]

Restructuring and asset impairment activity for the 2013 restructuring program for the first nine months of 2015 was as follows:

(In Millions)	Employee Severance and Benefits			Asset Impairments and Other			Total
Accrued restructuring balance as of December 27, 2014	$	121		$	11		$	132
Additional accruals	100			9			109
Adjustments	(13		)	(1		)	(14		)
Cash payments	(156		)	(14		)	(170		)
Non-cash settlements	—			(3		)	(3		)
Accrued restructuring balance as of September 26, 2015	$	52		$	2		$	54

Restructuring and asset impairment activity for the 2015 restructuring program for thefirst nine months of 2015was as follows:

(In Millions)	Employee Severance and Benefits			Asset Impairments and Other			Total
Accrued restructuring balance as of December 27, 2014	$	—		$	—		$	—
Additional accruals	283			2			285
Adjustments	(13		)	—			(13		)
Cash payments	(178		)	—			(178		)
Non-cash settlements	—			(1		)	(1		)
Accrued restructuring balance as of September 26, 2015	$	92		$	1		$	93

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Earnings Per Share

9 Months Ended

Sep. 26, 2015

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

Note 18: Earnings Per Share

We computed our basic and diluted earnings per common share for each period as follows:

	Three Months Ended				Nine Months Ended
(In Millions, Except Per Share Amounts)	Sep 26, 2015		Sep 27, 2014		Sep 26, 2015		Sep 27, 2014
Net income available to common stockholders	$	3,109	$	3,317	$	7,807	$	8,043
Weighted average shares of common stock outstanding—basic	4,747		4,880		4,749		4,945
Dilutive effect of employee equity incentive plans	48		76		64		73
Dilutive effect of convertible debt	81		89		87		77
Weighted average shares of common stock outstanding—diluted	4,876		5,045		4,900		5,095
Basic earnings per share of common stock	$	0.65	$	0.68	$	1.64	$	1.63
Diluted earnings per share of common stock	$	0.64	$	0.66	$	1.59	$	1.58

We computed basic earnings per share of common stock using net income available to common stockholders and the weighted average number of shares of common stock outstanding during the period. We computed diluted earnings per share of common stock using net income available to common stockholders and the weighted average number of shares of common stock outstanding plus potentially dilutive shares of common stock outstanding during the period. Net income available to participating securities was insignificant for all periods presented.

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 restricted stock units, 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.

During the third quarter of 2015, we excluded on average 4 million outstanding stock options and restricted stock units from the computation of diluted earnings per common share because these would have been antidilutive (nooutstanding stock options and restricted stock units were excluded for the third quarter of 2014). During the first nine months of 2015, we excluded on average 2 million outstanding stock options and restricted stock units from the computation of diluted earnings per share of common stock because these shares of common stock would have been antidilutive (14 million for the first nine months of 2014). These options could potentially be included in the diluted earnings per share of common stock calculation in the future if the average market value of the shares of common stock increases and is greater than the exercise price of these options.

During the third quarter of 2015 and 2014, 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.

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Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Jun. 27, 2015	Sep. 26, 2015	Sep. 27, 2014	Dec. 27, 2014
Income Tax Uncertainties [Abstract]
Effective Income Tax Rate Reconciliation, Percent		21.20%	27.80%
Deferred Tax Liability Decrease From Decision To Indefinitely Reinvest Non-U.S. Undistributed Earnings	$ 185
Unrecognized Tax Benefits		$ 302		$ 577
One-Time Refund Claim [Member]
Income Tax Uncertainties [Abstract]
Unrecognized Tax Benefits, Decrease Resulting from Settlements with Taxing Authorities	$ 320

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Basis of Presentation

9 Months Ended

Sep. 26, 2015

Basis of Presentation [Abstract]

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 year ended December 27, 2014 and Form 8-K filed with the U.S. Securities and Exchange Commission (SEC) on June 5, 2015. We have reclassified certain prior period amounts to conform to current period presentation.

We have a 52- or 53-week fiscal year that ends on the last Saturday in December. Fiscal year 2016 is a 53-week fiscal year, and the first quarter of 2016 will be a 14-week quarter.

As a result of our integration of McAfee Inc. (McAfee) in the third quarter of 2015, the functional currency for operations previously acquired from McAfee was changed to U.S. dollar, making U.S. dollar the functional currency for Intel and our subsidiaries.

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 interim information should be read in conjunction with the consolidated financial statements in our Annual Report on Form 10-K for the year ended December 27, 2014 and as updated by the Form 8-K filed with the SEC on June 5, 2015.

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Consolidated Condensed Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 26, 2015	Sep. 27, 2014	Sep. 26, 2015	Sep. 27, 2014
Statement of Comprehensive Income [Abstract]
Net income	$ 3,109	$ 3,317	$ 7,807	$ 8,043
Other comprehensive income, net of tax:
Change in net unrealized holding gains (losses) on available-for-sale investments	(1,029)	303	(943)	217
Change in deferred tax asset valuation allowance	(5)	(26)	(13)	(30)
Change in net unrealized holding gains (losses) on derivatives	42	(184)	89	(173)
Change in net prior service (costs) credits	2	2	6	(41)
Change in actuarial valuation	11	(148)	30	(143)
Change in net foreign currency translation adjustment	(1)	(121)	(170)	(127)
Other comprehensive income (loss)	(980)	(174)	(1,001)	(297)
Total comprehensive income	$ 2,129	$ 3,143	$ 6,806	$ 7,746

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Restructuring and Asset Impairment Charges

9 Months Ended

Sep. 26, 2015

Restructuring Costs and Asset Impairment Charges [Abstract]

Restructuring and Asset Impairment Charges [Text Block]

Note 11: Restructuring and Asset Impairment Charges

Restructuring and asset impairment charges by program for each period were as follows:

	Three Months Ended					Nine Months Ended
(In Millions)	Sep 26, 2015			Sep 27, 2014		Sep 26, 2015		Sep 27, 2014
2015 restructuring program	$	22		$	—	$	272	$	—
2013 restructuring program	(8		)	20		95		238
Total restructuring and asset impairment charges	$	14		$	20	$	367	$	238

2015 Restructuring Program

Beginning in the second quarter of 2015, management approved and commenced implementation of restructuring actions, primarily targeted workforce reductions, as we adjusted resources from areas of disinvestment to areas of investment. We expect these actions to be substantially complete by the end of2015.

Restructuring and asset impairment charges for the 2015 restructuring program for each period were as follows:

	Three Months Ended				Nine Months Ended
(In Millions)	Sep 26, 2015		Sep 27, 2014		Sep 26, 2015		Sep 27, 2014
Employee severance and benefit arrangements	$	20	$	—	$	270	$	—
Asset impairments and other restructuring charges	2		—		2		—
Total restructuring and asset impairment charges	$	22	$	—	$	272	$	—

Restructuring and asset impairment activity for the 2015 restructuring program for thefirst nine months of 2015was as follows:

(In Millions)	Employee Severance and Benefits			Asset Impairments and Other			Total
Accrued restructuring balance as of December 27, 2014	$	—		$	—		$	—
Additional accruals	283			2			285
Adjustments	(13		)	—			(13		)
Cash payments	(178		)	—			(178		)
Non-cash settlements	—			(1		)	(1		)
Accrued restructuring balance as of September 26, 2015	$	92		$	1		$	93

We recorded the additional accruals as restructuring and asset impairment charges in the consolidated condensed statements of income and within the “all other” operating segments category.Substantially allof the accrued restructuring balance as of September 26, 2015is expected to be paid within the next 12 months and was recorded as a current liability within accrued compensation and benefits on the consolidated condensed balance sheets.

Restructuring actions related to this program that were approved in 2015 impacted approximately3,800employees.

2013 Restructuring Program

Beginning in the third quarter of 2013, management approved and commenced implementation of several restructuring actions, including targeted workforce reductions and the exit of certain businesses and facilities. These actions include the wind down of our 200 millimeter wafer fabrication facility in Massachusetts, which ceased production in the first quarter of 2015, and the closure of our assembly and test facility in Costa Rica, which ceased production in the fourth quarter of 2014. These targeted reductions will enable us to better align our resources in areas providing the greatest benefit in the current business environment. We expect these actions to be substantially complete by the end of 2015.

Restructuring and asset impairment charges for the 2013 restructuring program for each period were as follows:

	Three Months Ended					Nine Months Ended
(In Millions)	Sep 26, 2015			Sep 27, 2014		Sep 26, 2015		Sep 27, 2014
Employee severance and benefit arrangements	$	(9	)	$	9	$	87	$	218
Asset impairments and other restructuring charges	1			11		8		20
Total restructuring and asset impairment charges	$	(8	)	$	20	$	95	$	238

Restructuring and asset impairment activity for the 2013 restructuring program for the first nine months of 2015 was as follows:

(In Millions)	Employee Severance and Benefits			Asset Impairments and Other			Total
Accrued restructuring balance as of December 27, 2014	$	121		$	11		$	132
Additional accruals	100			9			109
Adjustments	(13		)	(1		)	(14		)
Cash payments	(156		)	(14		)	(170		)
Non-cash settlements	—			(3		)	(3		)
Accrued restructuring balance as of September 26, 2015	$	52		$	2		$	54

We recorded the additional accruals and adjustments as restructuring and asset impairment charges in the consolidated condensed statements of income and within the “all other” operating segments category. Substantially all of the accrued restructuring balance as of September 26, 2015is expected to be paid by the end of 2015 and was recorded as a current liability within accrued compensation and benefits on the consolidated condensed balance sheets.

Restructuring actions related to this program that were approved in 2015 impacted approximately 1,100 employees.Since the third quarter of 2013, we have incurred a total of $630 million in restructuring and asset impairment charges related to this program. These charges included a total of $553 million related to employee severance and benefit arrangements for approximately 8,700 employees, and $77 million in asset impairment charges and other restructuring charges.

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Document and Entity Information - shares shares in Millions	9 Months Ended
	Sep. 26, 2015	Oct. 16, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	Intel Corp
Entity Central Index Key	0000050863
Company Fiscal Year End Date	--12-26
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Sep. 26, 2015
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Common Stock Shares Outstanding		4,719

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Deferred Income

9 Months Ended

Sep. 26, 2015

Deferred Revenue [Abstract]

Deferred Income [Text Block]

Note 12: Deferred Income

Deferred income at the end of each period was as follows:

(In Millions)	Sep 26, 2015		Dec 27, 2014
Deferred income on shipments of components to distributors	$	918	$	944
Deferred income from software and services	1,242		1,261
Current deferred income	2,160		2,205
Non-current deferred income from software and services	448		483
Total deferred income	$	2,608	$	2,688

We classify non-current deferred income from software and services within other long-term liabilities on the consolidated condensed balance sheets.

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Consolidated Condensed Balance Sheets - USD ($) $ in Millions	Sep. 26, 2015	Dec. 27, 2014
Current assets:
Cash and cash equivalents	$ 7,065	$ 2,561
Short-term investments	7,119	2,430
Trading assets	6,659	9,063
Accounts receivable, net	4,101	4,427
Inventories	4,965	4,273
Deferred tax assets	1,992	1,958
Other current assets	4,304	3,018
Total current assets	36,205	27,730
Property, plant and equipment, net of accumulated depreciation of $51,405 ($46,471 as of December 27, 2014)	31,597	33,238
Marketable equity securities	5,618	7,097
Other long-term investments	1,829	2,023
Goodwill	11,026	10,861
Identified intangible assets, net	4,022	4,446
Other long-term assets	8,255	6,505
Total assets	98,552	91,900
Current liabilities:
Short-term debt	1,129	1,596
Accounts payable	2,449	2,748
Accrued compensation and benefits	2,732	3,475
Accrued advertising	1,028	1,092
Deferred income	2,160	2,205
Other accrued liabilities	5,582	4,895
Total current liabilities	15,080	16,011
Long-term debt	20,059	12,059
Long-term deferred tax liabilities	2,502	3,775
Other long-term liabilities	$ 2,909	$ 3,278
Contingencies (Note 21)
Temporary equity	$ 905	$ 912
Stockholders’ equity:
Preferred stock	0	0
Common stock and capital in excess of par value, 4,731 issued and 4,730 outstanding (4,752 issued and 4,748 outstanding as of December 27, 2014)	23,001	21,781
Accumulated other comprehensive income (loss)	(335)	666
Retained earnings	34,431	33,418
Total stockholders’ equity	57,097	55,865
Total liabilities, temporary equity, and stockholders’ equity	$ 98,552	$ 91,900

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Derivative Financial Instruments

9 Months Ended

Sep. 26, 2015

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Financial Instruments [Text Block]

Note 6: Derivative Financial Instruments

Our primary objective for holding derivative financial instruments is to manage currency exchange rate risk and interest rate risk, and, to a lesser extent, equity market risk, commodity price risk, and credit risk. When possible, we enter into master netting arrangements with counterparties to mitigate credit risk in derivative transactions. A master netting arrangement may allow counterparties to net settle amounts owed to each other as a result of multiple, separate derivative transactions. Generally, our master netting agreements allow for net settlement in case of certain triggering events such as bankruptcy or default of one of the counterparties to the transaction. We may also elect to exchange cash collateral with certain of our counterparties on a regular basis. For presentation on our consolidated condensed balance sheets, we do not offset fair value amounts recognized for derivative instruments under master netting arrangements. Our derivative financial instruments are recorded at fair value and are included in other current assets, other long-term assets, other accrued liabilities, or other long-term liabilities.

Currency Exchange Rate Risk

We are exposed to currency exchange rate risk, and generally hedge our exposures with currency forward contracts, currency interest rate swaps, or currency options. Substantially all of our revenue is transacted in U.S. dollars. However, a significant amount of our operating expenditures and capital purchases is incurred in or exposed to other currencies, primarily the euro, the Japanese yen, the Chinese Yuan and the Israeli shekel. We have established balance sheet and forecasted transaction currency risk management programs to protect against fluctuations in the fair value and the volatility of the functional currency equivalent of future cash flows caused by changes in exchange rates. Our non-U.S.-dollar-denominated investments in debt instruments and loans receivable are generally hedged with offsetting currency forward contracts or currency interest rate swaps. We may also hedge currency risk arising from funding foreign currency denominated forecasted investments. These programs reduce, but do not eliminate, the impact of currency exchange movements.

Our currency risk management programs include:

• Currency derivatives with cash flow hedge accounting designation that utilize currency forward contracts and currency options to hedge exposures to the variability in the U.S.-dollar equivalent of anticipated non-U.S.-dollar-denominated cash flows. Most of these instruments generally mature within12 months. For these derivatives, we report the after-tax gain or loss from the effective portion of the hedge as a component of accumulated other comprehensive income (loss), and we reclassify it into earnings in the same period or periods in which the hedged transaction affects earnings, and in the same line item on the consolidated condensed statements of income as the impact of the hedged transaction.

• Currency derivatives without hedge accounting designation that utilize currency forward contracts or currency interest rate swaps to economically hedge the functional currency equivalent cash flows of recognized monetary assets and liabilities, non-U.S.-dollar-denominated debt instruments classified as trading assets, and hedges of non-U.S.-dollar-denominated loans receivable are recognized at fair value. The substantial majority of these instruments generally mature within12 months. Changes in the functional currency equivalent cash flows of the underlying assets and liabilities are approximately offset by the changes in the fair value of the related derivatives. We record net gains or losses in the line item on the consolidated condensed statements of income most closely associated with the related exposures, primarily in interest and other, net, except for equity-related gains or losses, which we primarily record in gains (losses) on equity investments, net.

Interest Rate Risk

Our primary objective for holding investments in debt instruments is to preserve principal while maximizing yields. We generally swap the returns on our investments in fixed-rate debt instruments with remaining maturities longer than six months into U.S. dollar three-month LIBOR-based returns, unless management specifically approves otherwise. We may elect to swap fixed coupon payments on our debt issuances for floating rate coupon payments. These swaps are settled at various interest payment times involving cash payments at each interest and principal payment date, with the majority of the contracts having quarterly payments.

Our interest rate risk management programs include:

• Interest rate derivatives with cash flow hedge accounting designation that utilize interest rate swap agreements to modify the interest characteristics of debt instruments. For these derivatives, we report the after-tax gain or loss from the effective portion of the hedge as a component of accumulated other comprehensive income (loss), and we reclassify it into earnings in the same period or periods in which the hedged transaction affects earnings, and in the same line item on the consolidated condensed statements of income as the impact of the hedged transaction.

• Interest rate derivatives with fair value hedge accounting designation that utilize interest rate swap agreements to hedge against changes in fair value on certain fixed rate debt due to changes in the benchmark interest rate. For these derivatives, we recognize gains and losses in interest and other, net, along with the offsetting losses and gains attributable to the changes in the benchmark interest rate on the underlying hedged items.

• Interest rate derivatives without hedge accounting designation that utilize interest rate swaps and currency interest rate swaps in economic hedging transactions, including hedges of non-U.S.-dollar-denominated debt instruments classified as trading assets and hedges of non-U.S.-dollar-denominated loans receivable recognized at fair value. Floating interest rates on the swaps generally reset on a quarterly basis. Changes in fair value of the debt instruments classified as trading assets and loans receivable recognized at fair value are generally offset by changes in the fair value of the related derivatives, both of which are recorded in interest and other, net.

Equity Market Risk

Our investments include marketable equity securities and equity derivative instruments. We typically do not attempt to reduce or eliminate our equity market exposure through hedging activities at the inception of our investments. Before we enter into hedge arrangements, we evaluate legal, market, and economic factors, as well as the expected timing of disposal to determine whether hedging is appropriate. Our equity market risk management program may include equity derivatives with or without hedge accounting designation that utilize warrants, equity options, or other equity derivatives. We recognize changes in the fair value of such derivatives in gains (losses) on equity investments, net. We also utilize total return swaps to offset changes in liabilities related to the equity market risks of certain deferred compensation arrangements. Gains and losses from changes in fair value of these total return swaps are generally offset by the losses and gains on the related liabilities, both of which are recorded in cost of sales and operating expenses.

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)	Sep 26, 2015		Dec 27, 2014		Sep 27, 2014
Currency forwards	$	12,395	$	15,578	$	13,896
Currency interest rate swaps	4,966		5,446		5,015
Embedded debt derivatives	3,600		3,600		3,600
Interest rate swaps	1,740		1,347		1,259
Total return swaps	1,020		1,056		1,032
Other	64		49		53
Total	$	23,785	$	27,076	$	24,855

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

(In Millions)	Sep 26, 2015		Dec 27, 2014		Sep 27, 2014
Chinese yuan	$	2,650	$	3,097	$	1,420
Euro	6,546		7,486		6,973
Israeli shekel	1,938		2,489		2,170
Japanese yen	2,733		3,779		4,223
Other	3,494		4,173		4,125
Total	$	17,361	$	21,024	$	18,911

During the fourth quarter of 2014, we entered into $1.5 billion of forward contracts to hedge our anticipated equity funding of the UniSpreadtrum investment. The hedges were designated as cash flow hedges and the related gains and losses attributable to changes in the spot rates were recognized in accumulated other comprehensive income (loss). Hedge gains and losses attributable to changes in the forward rates were recognized in interest and other, net. During the second quarter of 2015, we discontinued cash flow hedge accounting treatment for $478 million of forward contracts since we could no longer assert that funding is probable to occur within the initially specified timeline. Hedge losses accumulated in other comprehensive income related to these de-designated forward contracts were insignificant.

During the third quarter of 2015, $1.0 billion of forward contracts were utilized to fund our investment in UniSpreadtrum. Hedge losses attributable to changes in the spot rates accumulated in other comprehensive income (loss) for these forward contracts will remain deferred in accumulated other comprehensive income (loss) until the UniSpreadtrum shares are either disposed of or impaired. As the shares are disposed of or impaired, we will reclassify the gains or losses from accumulated other comprehensive income (loss) to gains (losses) on equity investments, net as an offset to the gain or loss recognized for the share disposal or impairment.

During the third quarter of 2015, we entered into $1.0 billioninterest rate swap agreement to hedge against changes in fair value attributable to the benchmark interest rate for our $1.0 billion face value 2015 senior notes due 2045 at 4.90%. The hedge was designated as a fair value hedge.

Fair Value of Derivative Instruments in the Consolidated Condensed Balance Sheets

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

	September 26, 2015								December 27, 2014
(In Millions)	Other Current Assets		Other Long-Term Assets		Other Accrued Liabilities		Other Long-Term Liabilities		Other Current Assets		Other Long-Term Assets		Other Accrued Liabilities		Other Long-Term Liabilities
Derivatives designated as hedging instruments:
Currency forwards	$	31	$	6	$	156	$	1	$	6	$	1	$	497	$	9
Interest rate swaps	—		3		—		—		—		—		—		—
Total derivatives designated as hedging instruments	31		9		156		1		6		1		497		9
Derivatives not designated as hedging instruments:
Currency forwards	40		—		78		—		207		—		44		—
Currency interest rate swaps	365		24		36		—		344		34		7		—
Embedded debt derivatives	—		—		—		16		—		—		4		8
Interest rate swaps	—		—		5		—		3		—		11		—
Other	2		15		8		—		1		22		—		—
Total derivatives not designated as hedging instruments	407		39		127		16		555		56		66		8
Total derivatives	$	438	$	48	$	283	$	17	$	561	$	57	$	563	$	17

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:

	September 26, 2015
							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	$	475	$	—	$	475	$	(206	)	$	(127	)	$	142
Reverse repurchase agreements	3,318		—		3,318		—			(3,318		)	—
Total assets	3,793		—		3,793		(206		)	(3,445		)	142
Liabilities:
Derivative liabilities subject to master netting arrangements	298		—		298		(206		)	(15		)	77
Total liabilities	$	298	$	—	$	298	$	(206	)	$	(15	)	$	77

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

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

	Three Months Ended						Nine Months Ended
(In Millions)	Sep 26, 2015			Sep 27, 2014			Sep 26, 2015			Sep 27, 2014
Currency forwards	$	(68	)	$	(241	)	$	(268	)	$	(201	)
Other	—			—			—			(3		)
Total	$	(68	)	$	(241	)	$	(268	)	$	(204	)

Gains and losses on derivative instruments in cash flow hedging relationships related to hedge ineffectiveness and amounts excluded from effectiveness testing, were insignificant during all periods presented in the preceding tables. There was no impact on results of operations from discontinued cash flow hedges during the third quarter of 2015 and the impact was insignificant during the first nine months of 2015, which arises when forecasted transactions are probable of not occurring.

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 20: 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					Nine Months Ended
(In Millions)	Sep 26, 2015			Sep 27, 2014		Sep 26, 2015			Sep 27, 2014
Interest rate swap	$	3		$	—	$	3		$	—
Hedged item	(3		)	—		(3		)	—
Total	$	—		$	—	$	—		$	—

There was no hedge ineffectiveness during all periods presented in the preceding tables.

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						Nine Months Ended
(In Millions)	Location of Gains (Losses) Recognized in Income on Derivatives	Sep 26, 2015			Sep 27, 2014			Sep 26, 2015			Sep 27, 2014
Currency forwards	Interest and other, net	$	(19	)	$	62		$	(33	)	$	40
Currency interest rate swaps	Interest and other, net	80			221			283			193
Interest rate swaps	Interest and other, net	(3		)	1			(8		)	(3		)
Total return swaps	Various	(90		)	(7		)	(48		)	51
Other	Various	(3		)	(3		)	(17		)	(1		)
Total		$	(35	)	$	274		$	177		$	280

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Inventories

9 Months Ended

Sep. 26, 2015

Inventory, Net [Abstract]

Inventories [Text Block]

Note 5: Inventories

We compute inventory cost on a first-in, first-out basis. Costs incurred to manufacture our products are included in the valuation of inventory beginning in the quarter in which a product meets the technical criteria to qualify for sale to customers. Prior to qualification for sale, costs that do not meet the criteria for research and development (R&D) are included in cost of sales in the period incurred. Inventories at the end of each period were as follows:

(In Millions)	Sep 26, 2015		Dec 27, 2014
Raw materials	$	557	$	462
Work in process	2,690		2,375
Finished goods	1,718		1,436
Total inventories	$	4,965	$	4,273

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Interest and Other, Net

9 Months Ended

Sep. 26, 2015

Interest and Other, Net [Abstract]

Interest and Other, Net [Text Block]

Note 17: Interest and Other, Net

The components of interest and other, net for each period were as follows:

	Three Months Ended						Nine Months Ended
(In Millions)	Sep 26, 2015			Sep 27, 2014			Sep 26, 2015			Sep 27, 2014
Interest income	$	31		$	35		$	91		$	108
Interest expense	(116		)	(53		)	(211		)	(139		)
Other, net	(19		)	(7		)	29			101
Total interest and other, net	$	(104	)	$	(25	)	$	(91	)	$	70

Interest expense in the preceding table is net of $52 million of interest capitalized in the third quarter of 2015 and$202 million of interest capitalized in the first nine months of 2015 ($63 million in the third quarter of 2014and $203 million in the first nine months of 2014). During the first quarter of 2014, we completed the divestiture of our Intel Media assets. As a result of the transaction, we recognized a gain within "Other, net" in the preceding table.

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Borrowings

9 Months Ended

Sep. 26, 2015

Debt Disclosure [Abstract]

Borrowings [Text Block]

Note 13: Borrowings

Short-Term Debt

Our short-term debt at the end of each period was as follows:

(In Millions)	Sep 26, 2015			Dec 27, 2014
Drafts payable	$	41		$	16
Commercial paper	—			500
Current portion of long-term debt	1,096			1,088
Less: debt issuance costs associated with the current portion of long-term debt	(8		)	(8		)
Total short-term debt	$	1,129		$	1,596

The 2009 debentures are convertible, subject to certain conditions. Holders can surrender the 2009 debentures for conversion if the closing price of Intel common stock has been at least 130% of the conversion price then in effect for at least 20 trading days during the 30 consecutive trading-day period ending on the last trading day of the preceding fiscal quarter.

During the third quarter of 2015, the closing stock price conversion right condition of the 2009 debentures was met and the debentures will be convertible at the option of the holders during the fourth quarter of 2015. As a result of the conversion period during the fourth quarter of 2015, the $1.1 billion carrying amount of the 2009 debentures remained classified as short-term debt on our consolidated condensed balance sheet as of September 26, 2015. The excess of the amount of cash payable if converted over the carrying amount of the 2009 debentures of $905 million remained classified as temporary equity on our consolidated condensed balance sheet as of September 26, 2015. In future periods, if the closing stock price conversion right condition is no longer met, all outstanding 2009 debentures would be reclassified to long-term debt and temporary equity would be reclassified to stockholders’ equity on our consolidated condensed balance sheet.

Long-Term Debt

Our long-term debt at the end of each period was as follows:

(In Millions)	Maturity Date	Stated Interest Rate	Sep 26, 2015			Dec 27, 2014
2015 Senior notes	July 2020	2.45%	$	1,748		$	—
2015 Senior notes	July 2022	3.10%	1,000			—
2015 Senior notes	July 2025	3.70%	2,247			—
2015 Senior notes	July 2045	4.90%	1,998			—
2015 Senior notes	August 2045	4.90%	1,010			—
2012 Senior notes	December 2017	1.35%	2,998			2,998
2012 Senior notes	December 2022	2.70%	1,495			1,495
2012 Senior notes	December 2032	4.00%	744			744
2012 Senior notes	December 2042	4.25%	924			924
2011 Senior notes	October 2016	1.95%	1,500			1,499
2011 Senior notes	October 2021	3.30%	1,997			1,997
2011 Senior notes	October 2041	4.80%	1,490			1,490
2009 Junior subordinated convertible debentures	August 2039	3.25%	1,096			1,088
2005 Junior subordinated convertible debentures	December 2035	2.95%	975			960
Long-term debt			$	21,222		$	13,195
Less: current portion of long-term debt			(1,096		)	(1,088		)
Less: debt issuance costs			(67		)	(48		)
Total long-term debt			$	20,059		$	12,059

During the third quarter of 2015, we issued a total of $8.0 billion aggregate principal amount of senior unsecured notes. In July of 2015, we issued an aggregate of $7.0 billion of principal amount of notes due in 2020, 2022, 2025, and 2045. In August of 2015, we issued $1.0 billion of principal amount of notes due in 2045. We will pay interest on these notes semi-annually. We may redeem the notes prior to their maturity at our option at specified redemption prices and subject to certain restrictions. The notes rank equally in right of payment with all of our other existing and future senior unsecured indebtedness and will effectively rank junior to all liabilities of our subsidiaries.

We intend to use the net proceeds of these offerings to fund a portion of the cash consideration for our pending acquisition of Altera. If the Altera acquisition does not close for any reason, the net proceeds of the offering will be used for general corporate purposes, which may include refinancing of indebtedness, with the exception of the $2.25 billion principal amount of 2025 notes and $2.0 billion of principal amount of 2045 notes, which are subject to special mandatory redemption at a redemption price of 101% of the principal amount thereof plus accrued and unpaid interest in the event that our acquisition of Altera is not consummated by, or the merger agreement is terminated before, December 31, 2016.

For further information on our debt instruments, see the "Borrowings" note in Part II, Item 8 of our Annual Report on Form 10-K for the year ended December 27, 2014 and Form 8-K filed with the SEC on June 5, 2015.

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Identified Intangible Assets

9 Months Ended

Sep. 26, 2015

Intangible Assets, Net (Excluding Goodwill) [Abstract]

Identified Intangible Assets [Text Block]

Note 9: Identified Intangible Assets

Identified intangible assets at the end of each period were as follows:

	September 26, 2015
(In Millions)	Gross Assets		Accumulated Amortization			Net
Acquisition-related developed technology	$	2,846	$	(2,202	)	$	644
Acquisition-related customer relationships	1,733		(1,154		)	579
Acquisition-related trade names	59		(53		)	6
Licensed technology and patents	3,106		(1,283		)	1,823
Identified intangible assets subject to amortization	7,744		(4,692		)	3,052
Acquisition-related trade names	767		—			767
Other intangible assets	203		—			203
Identified intangible assets not subject to amortization	970		—			970
Total identified intangible assets	$	8,714	$	(4,692	)	$	4,022

	December 27, 2014
(In Millions)	Gross Assets		Accumulated Amortization			Net
Acquisition-related developed technology	$	3,009	$	(2,192	)	$	817
Acquisition-related customer relationships	1,698		(1,001		)	697
Acquisition-related trade names	61		(49		)	12
Licensed technology and patents	3,153		(1,224		)	1,929
Identified intangible assets subject to amortization	7,921		(4,466		)	3,455
Acquisition-related trade names	788		—			788
Other intangible assets	203		—			203
Identified intangible assets not subject to amortization	991		—			991
Total identified intangible assets	$	8,912	$	(4,466	)	$	4,446

Amortization expenses, with presentation location on the consolidated condensed statements of income, for each period were as follows:

		Three Months Ended				Nine Months Ended
(In Millions)	Location	Sep 26, 2015		Sep 27, 2014		Sep 26, 2015		Sep 27, 2014
Acquisition-related developed technology	Cost of sales	$	76	$	161	$	271	$	454
Acquisition-related customer relationships	Amortization of acquisition-related intangibles	66		75		192		214
Acquisition-related trade names	Amortization of acquisition-related intangibles	2		2		6		8
Licensed technology and patents	Cost of sales	71		69		211		208
Total amortization expenses		$	215	$	307	$	680	$	884

Based on identified intangible assets that are subject to amortization as of September 26, 2015, we expect future amortization expenses for each period to be as follows:

(In Millions)	Remainder of 2015		2016		2017		2018		2019
Acquisition-related developed technology	$	72	$	251	$	105	$	86	$	77
Acquisition-related customer relationships	66		236		149		45		27
Acquisition-related trade names	3		3		—		—		—
Licensed technology and patents	67		268		225		182		182
Total future amortization expenses	$	208	$	758	$	479	$	313	$	286

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Deferred Income (Detail) - USD ($) $ in Millions	Sep. 26, 2015	Dec. 27, 2014
Deferred Revenue Arrangement [Line Items]
Current deferred income	$ 2,160	$ 2,205
Total deferred income	2,608	2,688
Shipments of components to distributors [Member]
Deferred Revenue Arrangement [Line Items]
Current deferred income	918	944
Software and services [Member]
Deferred Revenue Arrangement [Line Items]
Current deferred income	1,242	1,261
Non-current deferred income	$ 448	$ 483

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Acquisitions

9 Months Ended

Sep. 26, 2015

Acquisitions [Abstract]

Acquisitions [Text Block]

Note 7: Acquisitions

During the first nine months of 2015, we completed five acquisitions qualifying as business combinations in exchange for acquisition date consideration of $591 million, most of which was cash consideration. Substantially all of the consideration was allocated to goodwill, acquisition-related developed technology, and acquisition-related customer relationships. Included in these acquisitions is our acquisition of Lantiq Semiconductor (Lantiq), intended to extend Intel's success in cable home gateways into DSL and fiber markets. We acquired Lantiq in the second quarter of 2015 for acquisition date cash consideration of $383 million, most of which was allocated to goodwill, acquisition-related developed technology, and acquisition-related customer relationships. The operating results of Lantiq are included in our Client Computing Group operating segment.

The completed acquisitions in the first nine months of 2015, both individually and in the aggregate, were not significant to our results of operations. For information on goodwill by operating segment, see “Note 8: Goodwill” and for information on the classification of intangible assets, see "Note 9: Identified Intangible Assets."

Pending Acquisition of Altera Corporation

During the second quarter of2015, we entered into a definitive agreement to acquire Altera Corporation (Altera) in an all-cash transaction expected to close within six to nine months from the date of the agreement.Upon completion of the acquisition, each outstanding share of Altera common stock and, subject to certain exceptions, each share of Altera common stock underlying vested stock option awards, restricted stock unit awards and performance-based restricted stock unit awards will be converted into the right to receive$54.00 per share in cash, without interest. As of the date we entered into the agreement, the transaction had an approximate value of $16.7 billion. This transaction is subject to certain regulatory approvals and customary closing conditions.

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Goodwill

9 Months Ended

Sep. 26, 2015

Business Combination, Goodwill [Abstract]

Goodwill [Text Block]

Note 8: Goodwill

Goodwill activity for the first nine months of 2015 was as follows:

(In Millions)	Dec 27, 2014		Acquisitions		Currency Exchange and Other			Sep 26, 2015
Client Computing Group	$	3,708	$	150	$	—		$	3,858
Data Center Group	2,376		—		—			2,376
Internet of Things Group	428		—		—			428
Software and services operating segments	4,236		10		(182		)	4,064
All other	113		187		—			300
Total	$	10,861	$	347	$	(182	)	$	11,026

During the first quarter of 2015, we combined the PC Client Group and the Mobile and Communications Group to create the Client Computing Group. All prior-period amounts have been retrospectively adjusted to reflect our new organizational structure. For further information, see "Note 22: Operating Segments Information."

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Other Long-Term Assets

9 Months Ended

Sep. 26, 2015

Other Assets, Noncurrent Disclosure [Abstract]

Other Long-Term Assets [Text Block]

Note 10: Other Long-Term Assets

Other long-term assets at the end of each period were as follows:

(In Millions)	Sep 26, 2015		Dec 27, 2014
Equity method investments	$	1,577	$	1,446
Non-marketable cost method investments	3,003		1,769
Non-current deferred tax assets	640		622
Pre-payments for property, plant and equipment	551		636
Loans receivable	650		416
Grants receivable	490		312
Reverse repurchase agreements	350		350
Other	994		954
Total other long-term assets	$	8,255	$	6,505

As of September 26, 2015, the carrying amount of our non-marketable cost method investments includes $966 million related to our investment in UniSpreadtrum. For further information, see "Note 4: Cash and Investments."

During the first nine months of 2015, we received and transferred $201 million of equipment from other long-term assets to property, plant and equipment. Substantially all of the equipment was prepaid in 2012 and 2013. We recognized the pre-payments within operating activities in the consolidated condensed statement of cash flows when we paid for the equipment, and the receipt of the equipment is reflected as a non-cash transaction in the current period.

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Common Stock Repurchases (Detail) - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 26, 2015	Sep. 27, 2014	Sep. 26, 2015	Sep. 27, 2014
Common Stock Repurchase Program [Member]
Common Stock Repurchases [Line Items]
Stock Repurchase Program, Authorized Amount	$ 65,000		$ 65,000
Stock Repurchase Program, Remaining Authorized Repurchase Amount	$ 9,900		$ 9,900
Stock Repurchased During Period, Shares	34.8		79.7
Stock Repurchased During Period, Value	$ 1,000		$ 2,500
Stock Repurchased and Retired During Period, Shares		119.5		217.4
Stock Repurchased and Retired During Period, Value		$ 4,100		$ 6,800
Accumulated Stock Repurchased During Program, Total Shares	4,800.0		4,800.0
Accumulated Stock Repurchased During Program, Total Value	$ 104,000		$ 104,000
Restricted Stock Unit Withholdings [Member]
Common Stock Repurchases [Line Items]
Stock Repurchased and Retired During Period, Shares			12.8	11.7
Stock Repurchased and Retired During Period, Value			$ 416	$ 314

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Interest and Other, Net (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 26, 2015	Sep. 27, 2014	Sep. 26, 2015	Sep. 27, 2014
Interest and Other, Net [Abstract]
Interest income	$ 31	$ 35	$ 91	$ 108
Interest expense	(116)	(53)	(211)	(139)
Other, net	(19)	(7)	29	101
Total interest and other, net	(104)	(25)	(91)	70
Interest Costs Capitalized	$ 52	$ 63	$ 202	$ 203

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Employee Equity Incentive Plans (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	1 Months Ended	3 Months Ended		9 Months Ended
	May. 31, 2015	Sep. 26, 2015	Sep. 27, 2014	Sep. 26, 2015	Sep. 27, 2014	Dec. 27, 2014
Employee Equity Incentive Plans, (Textual) (Details) [Abstract]
Share-based Compensation		$ 309	$ 281	$ 1,009	$ 867
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value				$ 168
Restricted Stock Units (RSUs) [Member]
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				119.4
Number of RSUs granted				41.4
Number of RSUs vested				(44.1)
Number of RSUs forfeited				(6.1)
Number of RSUs outstanding, ending balance		110.6		110.6
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)		$ 26.89		$ 26.89		$ 23.89
Weighted-average grant date fair value of granted RSUs (in dollars per share)		$ 26.62	$ 32.93	31.64	$ 25.12
Weighted-average grant date fair value of vested RSUs (in dollars per share)				23.44
Weighted-average grant date fair value of forfeited RSUs (in dollars per share)				$ 25.40
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]
Risk-free interest rate		0.60%	0.50%	0.60%	0.50%
Dividend yield		3.40%	2.60%	2.90%	3.40%
Volatility (percent)			23.00%	27.00%	23.00%
Stock Option Awards [Member]
Employee Equity Incentive Plans, (Textual) (Details) [Abstract]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross				0.0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Number of options outstanding, beginning balance				77.3
Number of options exercised				(13.4)
Number of options cancelled and forfeited				(1.0)
Number of options expired				(0.1)
Number of options outstanding, ending balance		62.8		62.8
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]
Weighted-average exercise price of stock options (in dollars per share)		$ 21.42		$ 21.42		$ 21.30
Weighted-average exercise price for stock options exercised (in dollars per share)				20.58
Weighted-average exercise price for stock options cancelled and forfeited (in dollars per share)				23.27
Weighted-average exercise price for stock options expired (in dollars per share)				$ 21.72
Number of options exercisable		52.1		52.1		54.7
Weighted-average exercise price for options exercisable (in dollars per share)		$ 20.88		$ 20.88		$ 20.29
Market Based Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Number of RSUs granted		0.0
Number of RSUs outstanding, ending balance		4.7		4.7
2006 Equity Incentive Plan [Member]
Employee Equity Incentive Plans, (Textual) (Details) [Abstract]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Additional Shares Authorized	34.0
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant		258.0		258.0
2006 Stock Purchase Plan [Member]
Employee Equity Incentive Plans, (Textual) (Details) [Abstract]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant		181.0		181.0
Share-based Compensation Arrangement by Share-based Payment Award, Purchase Price of Common Stock, Percent				85.00%
Share-based Compensation Arrangement by Share-based Payment Award, Shares Issued in Period				15.8	19.4
Employee Purchases, Amount				$ 421	$ 393
Restricted Stock or Stock Units, 2006 Plan [Member] | Restricted Stock Units (RSUs) [Member]
Employee Equity Incentive Plans, (Textual) (Details) [Abstract]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value				1,400
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Intrinsic Value Amount				$ 1,000

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Identified Intangible Assets (Tables)

9 Months Ended

Sep. 26, 2015

Intangible Assets, Net (Excluding Goodwill) [Abstract]

Schedule Of Intangible Assets By Major Class [Table Text Block]

Identified intangible assets at the end of each period were as follows:

	September 26, 2015
(In Millions)	Gross Assets		Accumulated Amortization			Net
Acquisition-related developed technology	$	2,846	$	(2,202	)	$	644
Acquisition-related customer relationships	1,733		(1,154		)	579
Acquisition-related trade names	59		(53		)	6
Licensed technology and patents	3,106		(1,283		)	1,823
Identified intangible assets subject to amortization	7,744		(4,692		)	3,052
Acquisition-related trade names	767		—			767
Other intangible assets	203		—			203
Identified intangible assets not subject to amortization	970		—			970
Total identified intangible assets	$	8,714	$	(4,692	)	$	4,022

	December 27, 2014
(In Millions)	Gross Assets		Accumulated Amortization			Net
Acquisition-related developed technology	$	3,009	$	(2,192	)	$	817
Acquisition-related customer relationships	1,698		(1,001		)	697
Acquisition-related trade names	61		(49		)	12
Licensed technology and patents	3,153		(1,224		)	1,929
Identified intangible assets subject to amortization	7,921		(4,466		)	3,455
Acquisition-related trade names	788		—			788
Other intangible assets	203		—			203
Identified intangible assets not subject to amortization	991		—			991
Total identified intangible assets	$	8,912	$	(4,466	)	$	4,446

Finite-lived Intangible Assets Amortization Expense [Table Text Block]

Amortization expenses, with presentation location on the consolidated condensed statements of income, for each period were as follows:

		Three Months Ended				Nine Months Ended
(In Millions)	Location	Sep 26, 2015		Sep 27, 2014		Sep 26, 2015		Sep 27, 2014
Acquisition-related developed technology	Cost of sales	$	76	$	161	$	271	$	454
Acquisition-related customer relationships	Amortization of acquisition-related intangibles	66		75		192		214
Acquisition-related trade names	Amortization of acquisition-related intangibles	2		2		6		8
Licensed technology and patents	Cost of sales	71		69		211		208
Total amortization expenses		$	215	$	307	$	680	$	884

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]

Based on identified intangible assets that are subject to amortization as of September 26, 2015, we expect future amortization expenses for each period to be as follows:

(In Millions)	Remainder of 2015		2016		2017		2018		2019
Acquisition-related developed technology	$	72	$	251	$	105	$	86	$	77
Acquisition-related customer relationships	66		236		149		45		27
Acquisition-related trade names	3		3		—		—		—
Licensed technology and patents	67		268		225		182		182
Total future amortization expenses	$	208	$	758	$	479	$	313	$	286

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Inventories (Detail) - USD ($) $ in Millions	Sep. 26, 2015	Dec. 27, 2014
Inventory, Net, Items Net of Reserve Alternative [Abstract]
Raw materials	$ 557	$ 462
Work in process	2,690	2,375
Finished goods	1,718	1,436
Total inventories	$ 4,965	$ 4,273

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Common Stock Repurchases

9 Months Ended

Sep. 26, 2015

Common Stock Repurchases [Abstract]

Common Stock Repurchases [Text Block]

Note 15: Common Stock Repurchases

Common Stock Repurchase Program

We have an ongoing authorization, originally approved by our Board of Directors in 2005, and subsequently amended, to repurchase up to $65 billion in shares of our common stock in open market or negotiated transactions. As of September 26, 2015, $9.9 billion remained available for repurchase under the existing repurchase authorization limit.

During the third quarter of 2015, we repurchased 34.8 million shares of common stock at a cost of $1.0 billion (119.5 million shares of common stock at a cost of $4.1 billion during the third quarter of 2014). During the first nine months of 2015, we repurchased 79.7 million shares of common stock at a cost of $2.5 billion (217.4 million shares of common stock at a cost of $6.8 billion in the first nine months of 2014). We have repurchased 4.8 billion shares of common stock at a cost of $104 billion since the program began in 1990.

Restricted Stock Unit Withholdings

We issue restricted stock units as part of our equity incentive plans. For the majority of restricted stock units granted, the number of shares of common stock issued on the date the restricted stock units vest is net of the minimum statutory withholding requirements that we pay in cash to the appropriate taxing authorities on behalf of our employees. In our consolidated condensed financial statements, we also treat shares of common stock withheld for tax purposes on behalf of our employees in connection with the vesting of restricted stock units as common stock repurchases because they reduce the number of shares that would have been issued upon vesting. These withheld shares of common stock are not considered common stock repurchases under our authorized common stock repurchase plan. During the first nine months of 2015, we withheld 12.8 million shares of common stock to satisfy $416 million (11.7 million shares of common stock to satisfy $314 million during the first nine months of 2014) of employees’ tax obligations.

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Other Comprehensive Income (Loss)

9 Months Ended

Sep. 26, 2015

Equity [Abstract]

Other Comprehensive Income (Loss) [Text Block]

Note 20: Other Comprehensive Income (Loss)

The changes in accumulated other comprehensive income (loss) by component and related tax effects in the first nine months of 2015 were as follows:

(In Millions)	Unrealized Holding Gains (Losses) on Available-for-Sale Investments			Deferred Tax Asset Valuation Allowance			Unrealized Holding Gains (Losses) on Derivatives			Prior Service Credits (Costs)			Actuarial Gains (Losses)			Foreign Currency Translation Adjustment			Total
December 27, 2014	$	2,459		$	26		$	(423	)	$	(47	)	$	(1,004	)	$	(345	)	$	666
Other comprehensive income (loss) before reclassifications	(1,365		)	—			(268		)	—			—			(187		)	(1,820		)
Amounts reclassified out of accumulated other comprehensive income (loss)	(86		)	—			400			6			43			—			363
Tax effects	508			(13		)	(43		)	—			(13		)	17			456
Other comprehensive income (loss)	(943		)	(13		)	89			6			30			(170		)	(1,001		)
September 26, 2015	$	1,516		$	13		$	(334	)	$	(41	)	$	(974	)	$	(515	)	$	(335	)

The amounts reclassified out of accumulated other comprehensive income (loss) into the consolidated condensed statements of income, with presentation location, for each period were as follows:

	Income Before Taxes Impact (In Millions)
	Three Months Ended						Nine Months Ended
Comprehensive Income Components	Sep 26, 2015			Sep 27, 2014			Sep 26, 2015			Sep 27, 2014			Location
Unrealized holding gains (losses) on available-for-sale investments:
	$	1		$	9		$	1		$	7		Interest and other, net
	11			9			85			132			Gains (losses) on equity investments, net
	12			18			86			139
Unrealized holding gains (losses) on derivatives:
Currency forwards	(81		)	(5		)	(217		)	(10		)	Cost of sales
	(50		)	8			(145		)	26			Research and development
	(16		)	2			(38		)	7			Marketing, general and administrative
Other instruments	—			(2		)	—			(2		)	Cost of sales
	(147		)	3			(400		)	21
Amortization of pension and postretirement benefit components:
Prior service credits (costs)	(2		)	(2		)	(6		)	(4		)
Actuarial gains (losses)	(15		)	(10		)	(43		)	(29		)
	(17		)	(12		)	(49		)	(33		)
Total amounts reclassified out of accumulated other comprehensive income (loss)	$	(152	)	$	9		$	(363	)	$	127

The amortization of pension and postretirement benefit components are included in the computation of net periodic benefit cost. For further information, see the "Retirement Benefit Plans" note in Part II, Item 8 of our Annual Report on Form 10-K for the year ended December 27, 2014 and Form 8-K filed with the SEC on June 5, 2015.

We estimate that we will reclassify approximately $241 million (before taxes) of net derivative losses included in accumulated other comprehensive income (loss) into earnings within the next 12 months.

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Cash and Investments, Non-marketable Cost Method Investments (Details) $ in Millions, ¥ in Billions	Sep. 26, 2015 USD ($)	Dec. 27, 2014 CNY (¥)	Dec. 27, 2014 USD ($)
Schedule of Cost-method Investments [Line Items]
Cost Method Investments	$ 3,003		$ 1,769
Beijing UniSpreadtrum Technology Ltd. [Member]
Schedule of Cost-method Investments [Line Items]
Cost Method Investments	966
Beijing UniSpreadtrum Technology Ltd. [Member] | Subject To Regulatory Approvals And Other Closing Conditions [Member]
Schedule of Cost-method Investments [Line Items]
Cost Method Investments		¥ 9.0	$ 1,500
Cost Method Investment, Ownership Percentage		20.00%	20.00%
Beijing UniSpreadtrum Technology Ltd Phase One [Member]
Schedule of Cost-method Investments [Line Items]
Cost Method Investments	$ 966
Beijing UniSpreadtrum Technology Ltd. Phase Two [Member] | Subject To Regulatory Approvals And Other Closing Conditions [Member]
Schedule of Cost-method Investments [Line Items]
Cost Method Investments			$ 500

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Interest and Other, Net (Tables)

9 Months Ended

Sep. 26, 2015

Interest and Other, Net [Abstract]

Interest And Other, Net [Table Text Block]

The components of interest and other, net for each period were as follows:

	Three Months Ended						Nine Months Ended
(In Millions)	Sep 26, 2015			Sep 27, 2014			Sep 26, 2015			Sep 27, 2014
Interest income	$	31		$	35		$	91		$	108
Interest expense	(116		)	(53		)	(211		)	(139		)
Other, net	(19		)	(7		)	29			101
Total interest and other, net	$	(104	)	$	(25	)	$	(91	)	$	70

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Consolidated Condensed Balance Sheets (Parenthetical) - USD ($) shares in Millions, $ in Millions	Sep. 26, 2015	Dec. 27, 2014
Assets
Accumulated depreciation	$ 51,405	$ 46,471
Stockholders’ equity:
Common stock, shares issued	4,731	4,752
Common stock, shares outstanding	4,730	4,748

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Cash and Investments

9 Months Ended

Sep. 26, 2015

Investments and Cash [Abstract]

Cash and Investments [Text Block]

Note 4: Cash and Investments

Cash and investments at the end of each period were as follows:

(In Millions)	Sep 26, 2015		Dec 27, 2014
Available-for-sale investments	$	20,222	$	13,038
Cash	741		805
Equity method investments	1,577		1,446
Loans receivable	800		971
Non-marketable cost method investments	3,003		1,769
Reverse repurchase agreements	3,318		718
Trading assets	6,659		9,063
Total cash and investments	$	36,320	$	27,810

Available-for-Sale Investments

Available-for-sale investments at the end of each period were as follows:

	September 26, 2015									December 27, 2014
(In Millions)	Adjusted Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value		Adjusted Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Asset-backed securities	$	7	$	—	$	(2	)	$	5	$	8	$	—	$	(2	)	$	6
Corporate debt	7,139		11		(7		)	7,143		2,040		13		(5		)	2,048
Financial institution instruments	4,709		2		(1		)	4,710		3,146		2		(1		)	3,147
Government debt	2,747		—		(1		)	2,746		741		—		(1		)	740
Marketable equity securities	3,287		2,342		(11		)	5,618		3,318		3,779		—			7,097
Total available-for-sale investments	$	17,889	$	2,355	$	(22	)	$	20,222	$	9,253	$	3,794	$	(9	)	$	13,038

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 September 26, 2015 and December 27, 2014.

For information on the unrealized holding gains (losses) on available-for-sale investments reclassified out of accumulated other comprehensive income (loss) into the consolidated condensed statements of income, see "Note 20: Other Comprehensive Income (Loss)."

During the third quarter of 2015, we sold available-for-sale investments for proceeds of $1.1 billion, of which $134 million related to sales of cash and cash equivalents ($373 million in the third quarter of 2014, of which $82 million related to sales of cash and cash equivalents). During the first nine months of 2015, we sold available-for-sale investments for proceeds of $1.2 billion, of which $134 million related to sales of cash and cash equivalents ($1.2 billion in the first nine months of 2014 of which $459 million related to sales of cash and cash equivalents). The gross realized gains on sales of available-for-sale investments were $12 million in the third quarter of 2015 and $97 million in the first nine months of 2015 (none in the third quarter of 2014 and $136 million in the first nine months of 2014).

The amortized cost and fair value of available-for-sale debt investments, by contractual maturity, as of September 26, 2015, were as follows:

(In Millions)	Cost		Fair Value
Due in 1 year or less	$	12,643	$	12,651
Due in 1–2 years	1,166		1,164
Due in 2–5 years	661		660
Instruments not due at a single maturity date	132		129
Total	$	14,602	$	14,604

Equity Method Investments

IM Flash Technologies, LLC

Micron Technology, Inc. (Micron) and Intel formed IM Flash Technologies, LLC (IMFT) in 2006 to manufacture NAND flash memory products for Micron and Intel. During 2012, we amended the operating agreement for IMFT and entered into agreements with Micron that modified our joint venture relationship. Additionally, we have certain supply agreements with Micron to provide us with jointly developed flash memory products.

The amended operating agreement extended the term of IMFT to 2024, unless earlier terminated under certain terms and conditions. The amended agreement provides for certain buy-sell rights. Intel has the ability to cause Micron to buy our interest in IMFT. If we exercise this put right, Micron would set the closing date of the transaction within two years following such election and could elect to receive financing from us for one to two years. Subsequent to our put right, and commencing in January 2018, Micron has the right to call our interest in IMFT with the closing date to be effective within one year. The IMFT operating agreements provide that IMFT may manufacture jointly developed NAND flash memory and 3D XPoint^™ technology products.

As of September 26, 2015, we own a 49% interest in IMFT. The carrying value of our investment was $872 million as of September 26, 2015 ($713 million as of December 27, 2014) and is classified within other long-term assets.

IMFT is a variable interest entity. All costs of the IMFT joint venture will be passed on to Micron and Intel pursuant to our purchase agreements. Intel's portion of IMFT costs, primarily related to product purchases and production-related services, was approximately $115 million in the third quarter of 2015 and approximately $315 million in the first nine months of 2015 (approximately $100 million in the third quarter of 2014 and approximately $305 million in the first nine months of 2014). The amount due to IMFT for product purchases and services provided was approximately $20 million as of September 26, 2015 (approximately $60 million as of December 27, 2014).

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, which was $872 million as of September 26, 2015. Except for the amount due to IMFT for product purchases and 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 September 26, 2015. 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.

We have determined that we do not have the characteristics of a consolidating investor in the variable interest entity and, therefore, we account for our interest in IMFT using the equity method of accounting.

Cloudera, Inc.

During 2014, we invested in Cloudera, Inc. (Cloudera). Our fully-diluted ownership interest in Cloudera is 17% as of September 26, 2015. Our investment is accounted for under the equity and cost methods of accounting based on the rights associated with different securities we own, and is classified within other long-term assets. The carrying value of our equity method investment was $263 million and of our cost method investment was $454 million as of September 26, 2015 ($280 million for our equity method investment and $454 million for our cost method investment as of December 27, 2014).

Non-marketable Cost Method Investments

Investment in 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 smartphones. We have also agreed to invest up to 9.0 billionChinese yuan (approximately$1.5 billionas of the date of the agreement) for a minority stake of approximately20%of Beijing UniSpreadtrum Technology Ltd. (UniSpreadtrum), a holding company under Tsinghua Unigroup. During the third quarter of 2015, we invested$966 millionto complete the first phase of the equity investment. We have determined we will not have significant influence over the company and, therefore, we will account for our interest using the cost method of accounting. Subject to regulatory approvals and other closing conditions, the second phase of the investment will require additional funding of approximately $500 million.

Trading Assets

As of September 26, 2015 and December 27, 2014, substantially all of our trading assets were marketable debt instruments. Net losses related to trading assets still held at the reporting date were $88 million in the third quarter of 2015 and net losses were $151 million in the first nine months of 2015 (net losses of $283 million in the third quarter of 2014 and $254 million in the first nine months of 2014). Net gains on the related derivatives were $72 million in the third quarter of 2015 and net gains were $138 million in the first nine months of 2015 (net gains of $278 million in the third quarter of 2014 and $252 million in the first nine months of 2014).

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Other Long-Term Assets (Detail) - USD ($) $ in Millions	9 Months Ended
	Sep. 26, 2015	Dec. 27, 2014
Schedule of Cost-method Investments [Line Items]
Non-marketable cost method investments	$ 3,003	$ 1,769
Equity method investments	1,577	1,446
Non-current deferred tax assets	640	622
Pre-payments for property, plant and equipment	551	636
Loans receivable	650	416
Grants receivable	490	312
Reverse repurchase agreements	350	350
Other	994	954
Total other long-term assets	8,255	$ 6,505
Transfers From Other Long-Term Assets to Property, Plant, And Equipment Related To Prepaid Equipment	201
Beijing UniSpreadtrum Technology Ltd. [Member]
Schedule of Cost-method Investments [Line Items]
Non-marketable cost method investments	$ 966

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Other Comprehensive Income (Loss), Accumulated Other Comprehensive Income (Loss) (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 26, 2015	Sep. 27, 2014	Sep. 26, 2015	Sep. 27, 2014	Dec. 27, 2014
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Total	$ (335)		$ (335)		$ 666
Other comprehensive income (loss) before reclassifications			(1,820)
Amounts reclassified out of accumulated other comprehensive income (loss)			363
Tax effects			456
Other comprehensive income (loss)	(980)	$ (174)	(1,001)	$ (297)
Unrealized holding gains (losses) on available-for-sale investments [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Unrealized Holding Gains (Losses) On Available-for-Sale Investments	1,516		1,516		2,459
Other comprehensive income (loss) before reclassifications			(1,365)
Amounts reclassified out of accumulated other comprehensive income (loss)			(86)
Tax effects			508
Other comprehensive income (loss)			(943)
Deferred tax asset valuation allowance [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Deferred Tax Asset Valuation Allowance	13		13		26
Other comprehensive income (loss) before reclassifications			0
Amounts reclassified out of accumulated other comprehensive income (loss)			0
Tax effects			(13)
Other comprehensive income (loss)			(13)
Unrealized holding gains (losses) on derivatives [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Unrealized Holding Gains (Losses) On Derivatives	(334)		(334)		(423)
Other comprehensive income (loss) before reclassifications			(268)
Amounts reclassified out of accumulated other comprehensive income (loss)			400
Tax effects			(43)
Other comprehensive income (loss)			89
Prior service credits (costs) [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Prior Service Credits (Costs)	(41)		(41)		(47)
Other comprehensive income (loss) before reclassifications			0
Amounts reclassified out of accumulated other comprehensive income (loss)			6
Tax effects			0
Other comprehensive income (loss)			6
Actuarial gains (losses) [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Actuarial Gains (Losses)	(974)		(974)		(1,004)
Other comprehensive income (loss) before reclassifications			0
Amounts reclassified out of accumulated other comprehensive income (loss)			43
Tax effects			(13)
Other comprehensive income (loss)			30
Foreign currency translation adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment	$ (515)		(515)		$ (345)
Other comprehensive income (loss) before reclassifications			(187)
Amounts reclassified out of accumulated other comprehensive income (loss)			0
Tax effects			17
Other comprehensive income (loss)			$ (170)

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Contingencies

9 Months Ended

Sep. 26, 2015

Commitments and Contingencies Disclosure [Abstract]

Contingencies [Text Block]

Note 21: 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.

Government Competition Matters and Related Consumer Class Actions

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. In general, they contend that we improperly conditioned price rebates and other discounts on our microprocessors on exclusive or near-exclusive dealing by some of our customers; and they allege that our software compiler business unfairly preferred Intel^® microprocessors over competing microprocessors and that, through the use of our compilers and other means, we have caused the dissemination of inaccurate and misleading benchmark results concerning our microprocessors. Based on the procedural posture of the various remaining competition matters, which we describe in the following paragraphs, our investment of resources to explain and defend our position has declined as compared to the period 2005-2011. Nonetheless, certain of the matters remain active, and these challenges could continue for a number of years, potentially requiring us to invest additional resources. We believe that we compete lawfully and that our marketing, business, intellectual property, and other challenged practices benefit our customers and our stockholders, and we will continue to conduct a vigorous defense in the remaining proceedings.

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 €1.06 billion ($1.447 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. On November 11, 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 is likely to hold oral argument in late 2015 and issue its decision in 2016.

At least 82 separate class-action lawsuits 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 the allegations made in a now-settled lawsuit filed against us 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 lawsuits allege that we 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 dealing 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. The class actions allege various consumer injuries, including that consumers in various states have been injured by paying higher prices for computers containing our microprocessors. We dispute these class-action claims and intend to defend the lawsuits vigorously.

All of the federal and state class actions other than the California class actions were 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 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 personal computers containing products sold by us. In July 2010, the Special Master issued a Report and Recommendation (Report) denying the motion to certify a class. The MDL plaintiffs filed objections to the Special Master's Report, and a hearing on those objections was held before the district court in July 2013. In July 2014, the district court affirmed the Special Master's ruling and issued an order denying the MDL plaintiffs' motion for class certification. In August 2014, plaintiffs filed a petition for interlocutory appeal of the district court's decision with the U.S. Court of Appeals for the Third Circuit, which the Third Circuit denied in October 2014. In December 2014, Intel filed a motion for summary judgment on the claims of the remaining individual plaintiffs. We subsequently negotiated a settlement of the claims and the case was dismissed in September 2015.

All California class actions have been consolidated in the Superior Court of California in Santa Clara County. The plaintiffs in the California actions moved for class certification, which we are in the process of opposing. At our request, the court in the California actions agreed to delay ruling on this motion until after the Delaware district court ruled on the similar motion in the MDL proceedings. The plaintiffs asked the court for leave to retain a new expert and to amend their previous motion for class certification. The court granted plaintiffs’ request in February 2015 and the hearing on plaintiffs’ amended class certification motion is, scheduled to take place in December 2015. Given the procedural posture and the nature of these cases, we are unable to make a reasonable estimate of the potential loss or range of losses, if any, arising from these matters.

In re High Tech Employee Antitrust Litigation

Between May and July 2011, former employees of Intel, Adobe Systems Incorporated, Apple Inc., Google Inc., Intuit Inc., Lucasfilm Ltd., and Pixar filed antitrust class action lawsuits in the California Superior Courts alleging that these companies had entered into a conspiracy to suppress the compensation of their employees. The lawsuits were removed to the United States District Court for the Northern District of California, and in September 2011 the plaintiffs filed a consolidated amended complaint, captioned In re High Tech Employee Antitrust Litigation. The plaintiffs’ allegations reference the 2009 and 2010 investigation by the Department of Justice (DOJ) into employment practices in the technology industry, as well as the DOJ’s complaints and subsequent stipulated final judgments with the seven companies named as defendants in the lawsuits. The plaintiffs allege that the defendants entered into certain unlawful agreements not to cold call employees of particular other defendants and that there was an overarching conspiracy among the defendants. Plaintiffs assert one such agreement specific to Intel, namely that Intel and Google entered into an agreement starting in 2005, not to cold call each other's employees. Plaintiffsassert claims under Section 1 of the Sherman Antitrust Act and Section 4 of the Clayton Antitrust Act and seek a declaration that the defendants’ alleged actions violated the antitrust laws, damages trebled as provided for by law under the Sherman Act or Clayton Act, restitution and disgorgement, and attorneys’ fees and costs.

In October 2013, the district court certified a class consisting of approximately 65,000 current or former employees of the seven defendants and set the matter for trial in late May 2014. The so-called "technical class" consists of a group of current and former technical, creative, and R&D employees at each of the defendants. In January 2014, Intel filed a motion for summary judgment, which the court denied in March 2014.

In April 2014, Intel, Adobe, Apple, and Google reached an agreement with plaintiffs to settle this lawsuit, but in August 2014, the district court denied preliminary approval of the settlement. In September 2014, defendants filed a petition for writ of mandamus asking the U.S. Court of Appeals for the Ninth Circuit to reverse the district court’s decision. The Ninth Circuit ordered briefing and scheduled a March 2015 hearing date on the writ petition. Defendants have withdrawn the petition for writ of mandamus in light of the settlement agreement discussed below.

In January 2015, Intel, Adobe, Apple, and Google reached a second agreement with plaintiffs to settle this lawsuit, which the court preliminarily approved in March 2015. The court held a final fairness hearing in July 2015, and, in September 2015, gave its final approval of the settlement and entered final judgment in the lawsuit. We made our settlement payment in October 2015, which we accrued for in our operating expenses for 2014. Although we disputed the plaintiffs’ claims, we agreed to settle the lawsuit to avoid the uncertainties, expenses, and diversion of resources from continued litigation.

Shareholder Derivative Litigation regarding High Tech Employee Antitrust Litigation

In March 2014, the Police Retirement System of St. Louis 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 a current officer. The complaint alleges that the defendants breached their duties to the company by participating in, or allowing, alleged antitrust violations, as described in In re High Tech Employee Antitrust Litigation. 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 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 a current officer. The lawsuit makes allegations that are substantially similar to those in the California shareholder derivative litigation described above, but contain additional allegations regarding breach of the duty of disclosure surrounding In re High Tech Employee Antitrust Litigation and that the Intel 2013 and 2014 proxy statements were false and misleading in that they 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 while the California case is on appeal.

Lehman Brothers Holdings Inc. and Lehman Brothers OTC Derivatives Inc. v. Intel

In May 2013, Lehman Brothers OTC Derivatives Inc. (LOTC) and Lehman Brothers Holdings Inc. (LBHI) filed an adversary complaint in the United States Bankruptcy Court in the Southern District of New York asserting claims against us arising from a 2008 contract between Intel and LOTC. Under the terms of the 2008 contract, we prepaid $1.0 billion to LOTC, in exchange for which LOTC was required to deliver to us on or before September 29, 2008, quantities of Intel common stock and cash determined by a formula set forth in the contract. LOTC's performance under the contract was secured by $1.0 billion of cash collateral. Under the terms of the contract, LOTC was obligated to deliver approximately 50 million shares of our common stock to us on September 29, 2008. LOTC failed to deliver any Intel common stock or cash, and we exercised our right of setoff against the $1.0 billion collateral. LOTC and LBHI acknowledge in their complaint that we were entitled to set off our losses against the collateral, but they assert that we withheld collateral in excess of our losses that should have been returned to LOTC. The complaint asserts a claim for breach of contract, a claim for turnover under section 542(a) of the Bankruptcy Code, and a claim for violation of the automatic stay under section 362(a)(3) of the Bankruptcy Code. The complaint does not expressly quantify the amount of damages claimed but does assert multiple theories of damages that impliedly seek up to $312 million of alleged excess collateral, plus interest at LIBOR plus 13.5%, compounded daily. In June 2013, we filed a motion to dismiss plaintiffs' bankruptcy claims and for a determination that the breach of contract claim is "non-core" under the Bankruptcy Code. The bankruptcy court granted our motion in its entirety in December 2013. In May 2014, the United States District Court for the Southern District of New York denied our request that it withdraw its reference of plaintiffs' adversary complaint to the bankruptcy court. In January 2015, Intel and the plaintiffs filed competing motions for summary judgment. Plaintiffs' motion requested judgment against Intel "in the amount of no less than" $129 million, plus interest. In September 2015, the bankruptcy court ruled in favor of Intel and issued proposed findings of fact and conclusions of law recommending that the district court deny plaintiffs’ motion for summary judgment and grant Intel’s motion for summary judgment. In October 2015, plaintiffs voluntarily dismissed the lawsuit with prejudice.

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. Intel, McAfee, and McAfee’s board of directors filed an opposition to plaintiff’s appeal in December 2014. 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.

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Borrowings (Tables)

9 Months Ended

Sep. 26, 2015

Debt Disclosure [Abstract]

Schedule of Short-term Debt [Table Text Block]

Our short-term debt at the end of each period was as follows:

(In Millions)	Sep 26, 2015			Dec 27, 2014
Drafts payable	$	41		$	16
Commercial paper	—			500
Current portion of long-term debt	1,096			1,088
Less: debt issuance costs associated with the current portion of long-term debt	(8		)	(8		)
Total short-term debt	$	1,129		$	1,596

Schedule of Long-term Debt Instruments [Table Text Block]

Our long-term debt at the end of each period was as follows:

(In Millions)	Maturity Date	Stated Interest Rate	Sep 26, 2015			Dec 27, 2014
2015 Senior notes	July 2020	2.45%	$	1,748		$	—
2015 Senior notes	July 2022	3.10%	1,000			—
2015 Senior notes	July 2025	3.70%	2,247			—
2015 Senior notes	July 2045	4.90%	1,998			—
2015 Senior notes	August 2045	4.90%	1,010			—
2012 Senior notes	December 2017	1.35%	2,998			2,998
2012 Senior notes	December 2022	2.70%	1,495			1,495
2012 Senior notes	December 2032	4.00%	744			744
2012 Senior notes	December 2042	4.25%	924			924
2011 Senior notes	October 2016	1.95%	1,500			1,499
2011 Senior notes	October 2021	3.30%	1,997			1,997
2011 Senior notes	October 2041	4.80%	1,490			1,490
2009 Junior subordinated convertible debentures	August 2039	3.25%	1,096			1,088
2005 Junior subordinated convertible debentures	December 2035	2.95%	975			960
Long-term debt			$	21,222		$	13,195
Less: current portion of long-term debt			(1,096		)	(1,088		)
Less: debt issuance costs			(67		)	(48		)
Total long-term debt			$	20,059		$	12,059

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Employee Equity Incentive Plans

9 Months Ended

Sep. 26, 2015

Employee Benefits and Share-based Compensation [Abstract]

Employee Equity Incentive Plans [Text Block]

Note 14: 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.

During May 2015, stockholders approved an extension of the expiration date of the 2006 Equity Incentive Plan to June 2018 and approved an additional 34 million shares for issuance. As of September 26, 2015, 258 million shares of common stock remained available for future grant under the 2006 Equity Incentive Plan through June 2018.

During May 2015, stockholders approved an extension of the expiration date of the 2006 Stock Purchase Plan to August 2021. 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. As of September 26, 2015, 181 million shares of common stock remained available for issuance under the 2006 Stock Purchase Plan through August 2021.

Share-Based Compensation

Share-based compensation expense was $309 million in the third quarter of 2015 and $1.0 billion in the first nine months of 2015 ($281 million in the third quarter of 2014 and $867 million in the first nine months of 2014).

Restricted Stock Unit Awards

We estimate the fair value of restricted stock unit awards with time-based vesting using the value of our common stock on the date of grant, reduced by the present value of dividends expected to be paid on our shares of common stock prior to vesting. We estimate the fair value of market-based restricted stock units using a Monte Carlo simulation model on the date of grant (no market-based restricted stock units were granted in the third quarter of 2015). We based the weighted average estimated value of restricted stock unit grants, as well as the weighted average assumptions that we used in calculating the fair value, on estimates at the date of grant, for each period as follows:

	Three Months Ended						Nine Months Ended
	Sep 26, 2015			Sep 27, 2014			Sep 26, 2015			Sep 27, 2014
Estimated values	$	26.62		$	32.93		$	31.64		$	25.12
Risk-free interest rate	0.6		%	0.5		%	0.6		%	0.5		%
Dividend yield	3.4		%	2.6		%	2.9		%	3.4		%
Volatility	n/a			23		%	27		%	23		%

Restricted stock unit activity in the first nine months of 2015 was as follows:

	Number of RSUs (In Millions)		Weighted Average Grant-Date Fair Value
December 27, 2014	119.4		$	23.89
Granted	41.4		$	31.64
Vested	(44.1	)	$	23.44
Forfeited	(6.1	)	$	25.40
September 26, 2015	110.6		$	26.89

The aggregate fair value of awards that vested in the first nine months of 2015 was $1.4 billion, which represents the market value of our common stock on the date that the restricted stock units vested. The grant-date fair value of awards that vested in first nine months of 2015 was $1.0 billion. The number of restricted stock units vested includes shares of common stock that we withheld on behalf of employees to satisfy the minimum statutory tax withholding requirements. Restricted stock units that are expected to vest are net of estimated future forfeitures.

As of September 26, 2015, 4.7 million of the outstanding restricted stock units were market-based restricted stock units.

Stock Option Awards

Stock option activity in the first nine months of 2015 was as follows:

	Number of Options (In Millions)		Weighted Average Exercise Price
December 27, 2014	77.3		$	21.30
Exercised	(13.4	)	$	20.58
Cancelled and forfeited	(1.0	)	$	23.27
Expired	(0.1	)	$	21.72
September 26, 2015	62.8		$	21.42
Options exercisable as of:
December 27, 2014	54.7		$	20.29
September 26, 2015	52.1		$	20.88

During the first nine months of 2015, the aggregate intrinsic value of stock option exercises was $168 million, which represents the difference between the exercise price and the value of our common stock at the time of exercise. No stock options were granted during the first nine months of 2015.

Stock Purchase Plan

Employees purchased 15.8 million shares of common stock in the first nine months of 2015 for $421 million (19.4 million shares of common stock in the first nine months of 2014 for $393 million) under the 2006 Stock Purchase Plan.