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 October 1, 2016.

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 1, 2016
Common stock, $0.001 par value	4,739 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)	Oct 1, 2016			Sep 26, 2015			Oct 1, 2016			Sep 26, 2015
Net revenue	$	15,778		$	14,465		$	43,013		$	40,441
Cost of sales	5,795			5,354			16,927			15,352
Gross margin	9,983			9,111			26,086			25,089
Research and development	3,069			2,927			9,460			9,009
Marketing, general and administrative	2,006			1,910			6,239			5,812
Restructuring and other charges	372			14			1,786			367
Amortization of acquisition-related intangibles	74			68			253			198
Operating expenses	5,521			4,919			17,738			15,386
Operating income	4,462			4,192			8,348			9,703
Gains (losses) on equity investments, net	(12		)	165			488			297
Interest and other, net	(132		)	(104		)	(340		)	(91		)
Income before taxes	4,318			4,253			8,496			9,909
Provision for taxes	940			1,144			1,742			2,102
Net income	$	3,378		$	3,109		$	6,754		$	7,807
Basic earnings per share of common stock	$	0.71		$	0.65		$	1.43		$	1.64
Diluted earnings per share of common stock	$	0.69		$	0.64		$	1.39		$	1.59
Cash dividends declared per share of common stock	$	0.52		$	0.48		$	1.04		$	0.96
Weighted average shares of common stock outstanding:
Basic	4,734			4,747			4,728			4,749
Diluted	4,877			4,876			4,872			4,900

See accompanying notes.

2

INTEL CORPORATION

CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited)

	Three Months Ended						Nine Months Ended
(In Millions)	Oct 1, 2016			Sep 26, 2015			Oct 1, 2016			Sep 26, 2015
Net income	$	3,378		$	3,109		$	6,754		$	7,807
Other comprehensive income, net of tax:
Change in net unrealized holding gains (losses) on available-for-sale investments	412			(1,029		)	357			(943		)
Change in deferred tax asset valuation allowance	(2		)	(5		)	(5		)	(13		)
Change in net unrealized holding gains (losses) on derivatives	61			42			274			89
Change in net prior service (costs) credits	1			2			4			6
Change in actuarial valuation	10			11			(289		)	30
Change in net foreign currency translation adjustment	(2		)	(1		)	(1		)	(170		)
Other comprehensive income (loss)	480			(980		)	340			(1,001		)
Total comprehensive income	$	3,858		$	2,129		$	7,094		$	6,806

See accompanying notes.

3

INTEL CORPORATION

CONSOLIDATED CONDENSED BALANCE SHEETS (Unaudited)

(In Millions)	Oct 1, 2016		Dec 26, 2015
Assets
Current assets:
Cash and cash equivalents	$	4,752	$	15,308
Short-term investments	3,270		2,682
Trading assets	9,747		7,323
Accounts receivable, net	4,952		4,787
Inventories	5,783		5,167
Assets held for sale	5,100		71
Other current assets	2,612		2,982
Total current assets	36,216		38,320
Property, plant and equipment, net of accumulated depreciation of $54,060 ($51,538 as of December 26, 2015)	34,707		31,858
Marketable equity securities	6,022		5,960
Other long-term investments	4,189		1,891
Goodwill	13,868		11,332
Identified intangible assets, net	9,524		3,933
Other long-term assets	7,691		8,165
Total assets	$	112,217	$	101,459
Liabilities, temporary equity, and stockholders’ equity
Current liabilities:
Short-term debt	$	3,573	$	2,634
Accounts payable	3,181		2,063
Accrued compensation and benefits	3,110		3,138
Accrued advertising	820		960
Deferred income	1,724		2,188
Liabilities held for sale	1,881		56
Other accrued liabilities	5,804		4,607
Total current liabilities	20,093		15,646
Long-term debt	24,043		20,036
Long-term deferred tax liabilities	1,211		954
Other long-term liabilities	2,869		2,841
Contingencies (Note 22)
Temporary equity	886		897
Stockholders’ equity:
Preferred stock	—		—
Common stock and capital in excess of par value, 4,739 issued and outstanding (4,725 issued and outstanding as of December 26, 2015)	25,070		23,411
Accumulated other comprehensive income (loss)	400		60
Retained earnings	37,645		37,614
Total stockholders’ equity	63,115		61,085
Total liabilities, temporary equity, and stockholders’ equity	$	112,217	$	101,459

See accompanying notes.

4

INTEL CORPORATION

CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (Unaudited)

	Nine Months Ended
(In Millions)	Oct 1, 2016			Sep 26, 2015
Cash and cash equivalents, beginning of period	$	15,308		$	2,561
Cash flows provided by (used for) operating activities:
Net income	6,754			7,807
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	4,684			5,885
Share-based compensation	1,136			1,009
Restructuring and other charges	1,786			367
Excess tax benefit from share-based payment arrangements	(111		)	(139		)
Amortization of intangibles	1,176			680
(Gains) losses on equity investments, net	(414		)	(245		)
Deferred taxes	(188		)	(1,093		)
Changes in assets and liabilities:
Accounts receivable	(100		)	332
Inventories	(118		)	(640		)
Accounts payable	188			(86		)
Accrued compensation and benefits	(1,874		)	(1,217		)
Income taxes payable and receivable	961			774
Other assets and liabilities	(222		)	156
Total adjustments	6,904			5,783
Net cash provided by operating activities	13,658			13,590
Cash flows provided by (used for) investing activities:
Additions to property, plant and equipment	(6,095		)	(4,998		)
Acquisitions, net of cash acquired	(15,151		)	(538		)
Purchases of available-for-sale investments	(7,962		)	(7,522		)
Sales of available-for-sale investments	3,793			1,040
Maturities of available-for-sale investments	4,928			2,153
Purchases of trading assets	(9,953		)	(7,943		)
Maturities and sales of trading assets	7,867			10,465
Investments in loans receivable and reverse repurchase agreements	(223		)	(2,550		)
Collection of loans receivable and reverse repurchase agreements	911			466
Investments in non-marketable equity investments	(893		)	(1,864		)
Other investing	405			380
Net cash used for investing activities	(22,373		)	(10,911		)
Cash flows provided by (used for) financing activities:
Increase (decrease) in short-term debt, net	426			(473		)
Excess tax benefit from share-based payment arrangements	111			139
Issuance of long-term debt, net of issuance costs	2,734			7,986
Proceeds from sales of common stock through employee equity incentive plans	1,024			696
Repurchase of common stock	(2,054		)	(2,476		)
Restricted stock unit withholdings	(434		)	(416		)
Payment of dividends to stockholders	(3,692		)	(3,423		)
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	44			(209		)
Net cash provided by (used for) financing activities	(1,841		)	1,824
Effect of exchange rate fluctuations on cash and cash equivalents	—			1
Net increase (decrease) in cash and cash equivalents	(10,556		)	4,504
Cash and cash equivalents, end of period	$	4,752		$	7,065
Supplemental disclosures of noncash investing activities and cash flow information:
Acquisition of property, plant, and equipment included in accounts payable and accrued liabilities	$	1,505		$	460
Cash paid during the period for:
Interest, net of capitalized interest and interest rate swap payments/receipts	$	472		$	60
Income taxes, net of refunds	$	843		$	2,301

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 fiscal year ended December 26, 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 2015 was a 52-week year. Fiscal year 2016 is a 53-week fiscal year, and the first quarter of 2016 was a 14-week quarter.

In the first quarter of 2016, we completed the acquisition of Altera Corporation (Altera). For further information, see "Note 8: Acquisitions and Divestitures."

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 26, 2015.

Note 2: Change in Accounting Estimate

During our 2015 annual assessment of the useful lives of our property, plant, and equipment, we determined that the useful lives of machinery and equipment in our wafer fabrication facilities should be increased from 4 to 5 years. This change in estimate was applied prospectively, effective at the beginning of the first quarter of 2016. During the three months endedOctober 1, 2016, this change increased our operating income by approximately $425 million, our net income by approximately $300 million, and our diluted earnings per share by approximately $0.06. During the nine months endedOctober 1, 2016, this change increased our operating income by approximately $925 million, our net income by approximately $650 million, and our diluted earnings per share by approximately $0.13.

Note 3: Recent Accounting Standards

Accounting Standards Adopted

Deferred Tax Classification. In the first quarter of 2016, we elected to early adopt an amended standard requiring that we classify all deferred tax assets and liabilities as non-current on the consolidated condensed balance sheet instead of separating deferred taxes into current and non-current. The amended standard was adopted on a retrospective basis. As a result of the adoption, we made the following adjustments to the consolidated condensed 2015 balance sheet: a $2.0 billion decrease to current deferred tax assets, a $430 million increase to non-current deferred tax assets, a $21 million decrease to current deferred tax liabilities, and a decrease of $1.6 billion to non-current deferred tax liabilities.

Business Combinations. In the first quarter of 2016, we adopted an amended standard requiring that we recognize the effect on earnings of any adjustments identified during the measurement period after an acquisition in the same period the adjustment is identified, as opposed to the prior standard which required material adjustments be retrospectively adjusted. The standard did not have a significant impact on our consolidated condensed financial statements.

6

INTEL CORPORATION

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS — Unaudited (Continued)

Accounting Standards Not Yet Adopted

Revenue Recognition.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; accordingly, 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.

Financial Instruments - Classification and Measurement. In January 2016, the FASB issued changes to the accounting for financial instruments that primarily affect equity investments, financial liabilities under the fair value option, and the presentation and disclosure requirements. This standard is effective for us beginning in the first quarter of 2018; certain provisions allow for early adoption and we are evaluating whether we will do so. The new standard should be applied by means of a cumulative-effect adjustment to the balance sheet as of the beginning of the fiscal year of adoption, with certain exceptions. We have not yet determined the impact of the new standard on our consolidated condensed financial statements.

Financial Instruments - Credit Losses. In June 2016, the FASB issued a new standard requiring measurement and recognition of expected credit losses on certain types of financial instruments. It also modifies the impairment model for available-for-sale debt securities and provides for a simplified accounting model for purchased financial assets with credit deterioration since their origination. This standard is effective for us in the first quarter of 2020; early adoption is permitted beginning in the first quarter of 2019 and we are evaluating whether we will early adopt. It is required to be applied on a modified-retrospective approach with certain elements being adopted prospectively. We have not yet determined the impact of the new standard on our consolidated condensed financial statements.

Leases. In February 2016, the FASB issued a new lease accounting standard requiring that we recognize lease assets and liabilities on the balance sheet. This standard is effective for us beginning in the first quarter of 2019; early adoption is permitted and we are evaluating whether we will do so. The new standard must be adopted using a modified retrospective transition which includes certain practical expedients. We have not yet determined the impact of the new standard on our consolidated condensed financial statements.

Share-Based Compensation. In March 2016, the FASB issued an accounting standard update aimed at simplifying the accounting for share-based payment transactions. Included in the update are modifications to the accounting for income taxes upon vesting or settlement of awards, employer tax withholding on share-based compensation, forfeitures, and financial statement presentation of excess tax benefits. This standard is effective for us beginning in the first quarter of 2017 and we will adopt it at that time. We have not yet determined the impact of the new standard on our consolidated condensed financial statements.

Income Taxes - Intra-Entity Asset Transfers. In October 2016, the FASB issued an accounting standard update aimed at recognizing the income tax consequences of intra-entity transfers of assets other than inventory when they occur. This removes the exception to postpone recognition until the asset has been sold to an outside party. This standard is effective for us beginning in the first quarter of 2018, and early adoption is permitted. It is required to be applied on a modified retrospective basis through a cumulative-effect adjustment to the balance sheet as of the beginning of the fiscal year of adoption. We have not yet determined the impact of the new standard on our consolidated condensed financial statements.

7

INTEL CORPORATION

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS — Unaudited (Continued)

Note 4: 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.

8

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:

	October 1, 2016								December 26, 2015
	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	$	—	$	113	$	—	$	113	$	—	$	1,829	$	—	$	1,829
Financial institution instruments	1,910		785		—		2,695		8,238		1,277		—		9,515
Government debt	—		50		—		50		—		130		—		130
Reverse repurchase agreements	—		768		—		768		—		2,368		—		2,368
Short-term investments:
Corporate debt	492		823		14		1,329		336		764		20		1,120
Financial institution instruments	195		1,405		—		1,600		145		927		—		1,072
Government debt	93		248		—		341		65		425		—		490
Trading assets:
Asset-backed securities	—		153		7		160		—		275		94		369
Corporate debt	2,273		920		—		3,193		1,744		564		—		2,308
Financial institution instruments	904		675		—		1,579		930		701		—		1,631
Government debt	2,399		2,416		—		4,815		1,107		1,908		—		3,015
Other current assets:
Derivative assets	—		313		—		313		32		412		1		445
Loans receivable	—		292		—		292		—		137		—		137
Marketable equity securities	6,022		—		—		6,022		5,891		69		—		5,960
Other long-term investments:
Asset-backed securities	—		—		—		—		—		—		4		4
Corporate debt	1,063		842		—		1,905		407		801		—		1,208
Financial institution instruments	697		924		—		1,621		171		381		—		552
Government debt	468		195		—		663		79		48		—		127
Other long-term assets:
Derivative assets	—		178		67		245		—		30		10		40
Loans receivable	—		311		—		311		—		342		—		342
Total assets measured and recorded at fair value	16,516		11,411		88		28,015		19,145		13,388		129		32,662
Liabilities
Other accrued liabilities:
Derivative liabilities	—		368		—		368		2		210		—		212
Other long-term liabilities:
Derivative liabilities	—		21		—		21		—		33		—		33
Total liabilities measured and recorded at fair value	$	—	$	389	$	—	$	389	$	2	$	243	$	—	$	245

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.

9

INTEL CORPORATION

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS — Unaudited (Continued)

During the first nine months of 2016, we transferred approximately $508 million of assets from Level 1 to Level 2 of the fair value hierarchy and approximately $401 million of assets from Level 2 to Level 1 ($821 million from Level 1 to Level 2 and $148 million from Level 2 to Level 1 during the first nine months of 2015). These transfers were based on changes in market activity for the underlying instruments. Our policy is to reflect transfers between the fair value hierarchy levels at the beginning of the period.

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 instruments that are traded in less active markets. When observable market prices for identical instruments 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 October 1, 2016 and December 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 October 1, 2016 were $48 million during the third quarter of 2016 and $132 million during the first nine months of 2016 ($27 million during the third quarter of 2015 and $100 million during the first nine months of 2015 on non-marketable equity investments held as of September 26, 2015).

10

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 net of applicable hedge adjustments; 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:

	October 1, 2016
(In Millions)	Carrying Amount		Fair Value Measured Using						Fair Value
			Level 1		Level 2		Level 3
Grants receivable	$	557	$	—	$	559	$	—	$	559
Loans receivable	$	265	$	—	$	265	$	—	$	265
Non-marketable cost method investments	$	3,157	$	—	$	—	$	4,014	$	4,014
Reverse repurchase agreements	$	250	$	—	$	250	$	—	$	250
Short-term debt	$	3,557	$	2,003	$	2,195	$	—	$	4,198
Long-term debt	$	24,043	$	15,880	$	10,543	$	—	$	26,423

	December 26, 2015
(In Millions)	Carrying Amount		Fair Value Measured Using						Fair Value
			Level 1		Level 2		Level 3
Grants receivable	$	593	$	—	$	600	$	—	$	600
Loans receivable	$	315	$	—	$	315	$	—	$	315
Non-marketable cost method investments	$	2,933	$	—	$	—	$	3,904	$	3,904
Reverse repurchase agreements	$	1,000	$	—	$	1,000	$	—	$	1,000
Short-term debt	$	2,593	$	1,513	$	1,563	$	—	$	3,076
Long-term debt	$	20,036	$	14,058	$	6,835	$	—	$	20,893
NVIDIA Corporation cross-license agreement liability	$	199	$	—	$	200	$	—	$	200

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 October 1, 2016 and December 26, 2015, 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 fair value on a recurring basis. 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/A2 or better for substantially all of our loans receivable and reverse repurchase agreements as of October 1, 2016.

11

INTEL CORPORATION

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS — Unaudited (Continued)

As of October 1, 2016 and December 26, 2015, 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 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), our 2011 senior notes due 2016, our acquired Altera senior notes due 2017, and any commercial paper outstanding. During the third quarter of 2016, the 2009 debentures were classified as short-term debt on the consolidated condensed balance sheets and convertible at the option of the holder during the fourth quarter of 2016. For further information, see "Note 14: Borrowings" and the "Borrowings" note in Part II, Item 8 of our Annual Report on Form 10-K for the year ended December 26, 2015. Our long-term debt is composed of our senior notes and our convertible debentures. The fair value of our senior notes is 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; it is, therefore, classified as Level 2.

12

INTEL CORPORATION

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS — Unaudited (Continued)

Note 5: Cash and Investments

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

(In Millions)	Oct 1, 2016		Dec 26, 2015
Available-for-sale investments	$	16,339	$	22,007
Cash	1,126		1,466
Equity method investments	1,508		1,590
Loans receivable	868		794
Non-marketable cost method investments	3,157		2,933
Reverse repurchase agreements	1,018		3,368
Trading assets	9,747		7,323
Total cash and investments	$	33,763	$	39,481

Available-for-Sale Investments

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

	October 1, 2016									December 26, 2015
(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	$	—	$	—	$	—		$	—	$	5	$	—	$	(1	)	$	4
Corporate debt	3,347		8		(8		)	3,347		4,164		3		(10		)	4,157
Financial institution instruments	5,910		7		(1		)	5,916		11,140		1		(2		)	11,139
Government debt	1,051		3		—			1,054		748		—		(1		)	747
Marketable equity securities	2,793		3,230		(1		)	6,022		3,254		2,706		—			5,960
Total available-for-sale investments	$	13,101	$	3,248	$	(10	)	$	16,339	$	19,311	$	2,710	$	(14	)	$	22,007

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. Most time deposits were issued by institutions outside the U.S. as of October 1, 2016 and December 26, 2015.

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 21: Other Comprehensive Income (Loss)."

During the third quarter of 2016, we sold available-for-sale investments for proceeds of $195 million,$87 million of which related to sales of cash and cash equivalents ($1.1 billion in the third quarter of 2015, $134 million of which was related to sales of cash and cash equivalents). During the first nine months of 2016, we sold available-for-sale investments for proceeds of $4.0 billion, of which $216 million related to sales of cash and cash equivalents ($1.2 billion in the first nine months of 2015, $134 million of which was related to sales of cash and cash equivalents). The gross realized gains on sales of available-for-sale investments were $41 million in the third quarter of 2016 and $538 million in the first nine months of 2016 ($12 million in the thirdquarter of 2015and$97 million in the first nine months of 2015).

13

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 October 1, 2016, were as follows:

(In Millions)	Cost		Fair Value
Due in 1 year or less	$	4,220	$	4,217
Due in 1–2 years	2,090		2,095
Due in 2–5 years	2,088		2,095
Instruments not due at a single maturity date	1,910		1,910
Total	$	10,308	$	10,317

Equity Method Investments

IM Flash Technologies, LLC

Since the inception of IM Flash Technologies, LLC (IMFT) in 2006, Micron Technology, Inc. (Micron) and Intel have jointly developed NAND flash memory and, most recently, 3D XPoint™ technology products. Intel also purchases jointly developed products directly from Micron under certain supply agreements.

The IMFT operating agreement, most recently amended in January 2016, continues through 2024 unless earlier terminated under certain terms and conditions and provides for certain buy-sell rights of the joint venture. Intel has the right to cause Micron to buy our interest in IMFT. If we exercise this 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 2019, Micron has the right to call our interest in IMFT with the closing date to be effective within one year.

As of October 1, 2016, we own a 49% interest in IMFT. The carrying value of our investment was $886 million as of October 1, 2016 ($872 million as of December 26, 2015) and is classified within other long-term assets.

IMFT is a variable interest entity and all costs of IMFT are passed on to Micron and Intel through sale of products or services in proportional share of ownership. Intel's portion of IMFT costs, primarily related to product purchases and production-related services, was approximately $115 million in the third quarter of 2016 and approximately $315 million in the first nine months of 2016 (approximately $115 million in the thirdquarter of 2015 and approximately $315 million in the first nine months of 2015). The amount due to IMFT for product purchases and services provided was approximately $90 million as of October 1, 2016 (approximately $20 million as of December 26, 2015).

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 $886 million as of October 1, 2016. Except for the amount due to IMFT for product purchases and production-related services, we did not have any additional liabilities recognized on our consolidated condensed balance sheets in connection with our interests in this joint venture as of October 1, 2016. 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 16% as of October 1, 2016. Our investment is accounted for under the equity and cost methods of accounting based on the rights associated with different instruments we own, and is classified within other long-term assets. The carrying value of our equity method investment was $233 million and of our cost method investment was $454 million as of October 1, 2016 ($256 million for our equity method investment and $454 million for our cost method investment as of December 26, 2015).

14

INTEL CORPORATION

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS — Unaudited (Continued)

Intel-GE Care Innovations, LLC

During the first quarter of 2016, we gained control of Care Innovations LLC (Care Innovations), formerly our joint venture with General Electric Company. Care Innovations has been included in our consolidated condensed financial statements beginning in the first quarter of 2016.

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 phones. We 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., a holding company under Tsinghua Unigroup. During 2015, we invested$966 millionto complete the first phase of the equity investment. We have determined we do not have significant influence over the company and, therefore, we 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 October 1, 2016 and December 26, 2015, substantially all of our trading assets were marketable debt instruments. There were $72 million net gains related to trading assets still held at the reporting date in the third quarter of 2016 and $245 million net gains in the first nine months of 2016 (net losses of $88 million in the thirdquarter of 2015 and net losses of $151 million in the first nine months of 2015). Net losses on the related derivatives were $54 million in the third quarter of 2016 and$224 million net losses in the first nine months of 2016 (net gains of $72 million in the thirdquarter of 2015 and net gains of $138 million in the first nine months of 2015).

Note 6: 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)	Oct 1, 2016		Dec 26, 2015
Raw materials	$	688	$	532
Work in process	3,443		2,893
Finished goods	1,652		1,742
Total inventories	$	5,783	$	5,167

15

INTEL CORPORATION

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS — Unaudited (Continued)

Note 7: 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 portion of our operating expenditures and capital purchases is incurred in or exposed to other currencies, primarily the euro, the Japanese yen, the Israeli shekel, and the Chinese yuan. 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, loans receivable and indebtedness 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. The substantial majority of these instruments 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. We utilize currency interest rate swaps to hedge exposures to the variability in the U.S.-dollar equivalent of coupon and principal payments associated with our non-U.S.-dollar-denominated indebtedness.

• 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 non-U.S.-dollar-denominated loans receivable recognized at fair value. The majority of these instruments 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. We also utilize interest rate or currency interest rate swaps to modify cash flows related to our existing indebtedness. We may enter into treasury rate lock agreements to lock in a fixed rate for future debt issuances.

16

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 or treasury rate lock agreements to lock in a fixed rate for future debt issuances. 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 fluctuations in the benchmark interest rate. For these derivatives, we recognize gains and losses in interest and other, net, along with the offsetting gains and losses 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 the 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)	Oct 1, 2016		Dec 26, 2015		Sep 26, 2015
Currency forwards	$	10,639	$	11,212	$	12,395
Currency interest rate swaps	7,194		5,509		4,966
Embedded debt derivatives	3,600		3,600		3,600
Interest rate swaps	6,446		5,212		1,740
Total return swaps	1,276		1,061		1,020
Other	79		61		64
Total	$	29,234	$	26,655	$	23,785

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)	Oct 1, 2016		Dec 26, 2015		Sep 26, 2015
Chinese yuan	$	1,600	$	2,231	$	2,650
Euro	6,199		6,084		6,546
Israeli shekel	1,985		1,674		1,938
Japanese yen	2,890		2,663		2,733
Other	5,159		4,069		3,494
Total	$	17,833	$	16,721	$	17,361

17

INTEL CORPORATION

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS — Unaudited (Continued)

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:

	October 1, 2016								December 26, 2015
(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	$	155	$	2	$	15	$	1	$	20	$	3	$	83	$	2
Interest rate swaps	—		175		—		—		—		1		—		14
Currency interest rate swaps	—		48		—		—		—		7		—		—
Total derivatives designated as hedging instruments	155		225		15		1		20		11		83		16
Derivatives not designated as hedging instruments:
Currency forwards	41		1		25		1		20		—		63		—
Currency interest rate swaps	112		8		309		—		370		18		52		—
Embedded debt derivatives	—		—		—		19		—		—		—		17
Interest rate swaps	3		—		19		—		2		—		12		—
Total return swaps	—		—		—		—		32		—		2		—
Other	2		11		—		—		1		11		—		—
Total derivatives not designated as hedging instruments	158		20		353		20		425		29		129		17
Total derivatives	$	313	$	245	$	368	$	21	$	445	$	40	$	212	$	33

18

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:

	October 1, 2016
							Gross Amounts Not Offset in the Balance Sheet
(In Millions)	Gross Amounts Recognized		Gross Amounts Offset in the Balance Sheet		Net Amounts Presented in the Balance Sheet		Financial Instruments			Cash and Non-Cash Collateral Received or Pledged			Net Amount
Assets:
Derivative assets subject to master netting arrangements	$	552	$	—	$	552	$	(243	)	$	(210	)	$	99
Reverse repurchase agreements	1,018		—		1,018		—			(1,018		)	—
Total assets	1,570		—		1,570		(243		)	(1,228		)	99
Liabilities:
Derivative liabilities subject to master netting arrangements	385		—		385		(243		)	(142		)	—
Total liabilities	$	385	$	—	$	385	$	(243	)	$	(142	)	$	—

	December 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	$	482	$	—	$	482	$	(201	)	$	(188	)	$	93
Reverse repurchase agreements	3,368		—		3,368		—			(3,368		)	—
Total assets	3,850		—		3,850		(201		)	(3,556		)	93
Liabilities:
Derivative liabilities subject to master netting arrangements	242		—		242		(201		)	(27		)	14
Total liabilities	$	242	$	—	$	242	$	(201	)	$	(27	)	$	14

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

19

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)	Oct 1, 2016		Sep 26, 2015			Oct 1, 2016		Sep 26, 2015
Currency forwards	$	65	$	(68	)	$	356	$	(268	)
Currency interest rate swaps and other	27		—			18		—
Total	$	92	$	(68	)	$	374	$	(268	)

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 table. Additionally, for all periods presented, there was an insignificant impact on results of operations from discontinued cash flow hedges, 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 21: 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)	Oct 1, 2016			Sep 26, 2015			Oct 1, 2016			Sep 26, 2015
Interest rate swap	$	(34	)	$	3		$	188		$	3
Hedged item	34			(3		)	(188		)	(3		)
Total	$	—		$	—		$	—		$	—

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

Derivatives Not Designated as Hedging Instruments

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

		Three Months Ended						Nine Months Ended
(In Millions)	Location of Gains (Losses) Recognized in Income on Derivatives	Oct 1, 2016			Sep 26, 2015			Oct 1, 2016			Sep 26, 2015
Currency forwards	Interest and other, net	$	6		$	(19	)	$	2		$	(33	)
Currency interest rate swaps	Interest and other, net	(41		)	80			(211		)	283
Interest rate swaps	Interest and other, net	7			(3		)	(8		)	(8		)
Total return swaps	Various	78			(90		)	92			(48		)
Other	Various	(6		)	(3		)	(2		)	(17		)
Total		$	44		$	(35	)	$	(127	)	$	177

20

INTEL CORPORATION

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS — Unaudited (Continued)

Note 8: Acquisitions and Divestitures

Altera Corporation

On December 28, 2015, we completed the acquisition of Altera, a global semiconductor company that designs and sells programmable semiconductors and related products. We acquired all outstanding shares of Altera common stock and, subject to certain exceptions, each share of Altera common stock underlying vested stock option awards, restricted stock unit awards (RSUs) and performance-based restricted stock unit awards in exchange for cash. The acquired company operates as the Programmable Solutions Group (PSG) and continues to design and sell programmable logic devices (PLDs), which incorporate field-programmable gate arrays (FPGAs) and complex programmable logic devices (CPLDs), and highly integrated System-on-Chip (SoC) devices. This acquisition is expected to expand our reach within the compute continuum, as the combination of our leading-edge products and manufacturing process with Altera's leading FPGA technology is expected to enable new classes of platforms that meet customer needs in the data center and Internet of Things market segments. As we develop future platforms, the integration of PLDs into our platform solutions is expected to improve the overall performance and lower the cost of ownership for our customers. For further information, see "Note 23: Operating Segments Information."

Total consideration to acquire Altera was $14.5 billion (net of $2.0 billion of cash and cash equivalents acquired) and comprised the following:

(In Millions)
Cash, net of cash acquired	$	14,401
Share-based awards assumed	50
Total	$	14,451

The preliminary fair values of the assets acquired and liabilities assumed by major class in the acquisition of Altera were recognized as follows:

(In Millions)
Short-term investments	$	182
Receivables	368
Inventory	555
Other current assets	123
Property, plant & equipment	312
Goodwill	5,433
Identified intangible assets	7,566
Other long-term investments and assets	2,515
Deferred income	(336		)
Other liabilities	(283		)
Long-term debt	(1,535		)
Deferred tax liabilities	(449		)
Total	$	14,451

The allocation of purchase consideration to assets and liabilities is not yet finalized. The preliminary allocation of the purchase price was based upon estimates and assumptions that are subject to change within the measurement period (up to one year from the acquisition date). The primary areas of the preliminary purchase price allocation that are not yet finalized are certain tax matters and goodwill.

The preliminary goodwill of $5.4 billion arising from the acquisition is attributed to the expected synergies and other benefits that will be generated by combining Intel and Altera. Substantially all of the goodwill recognized is not expected to be deductible for tax purposes. For further information on the assignment of preliminary goodwill for the acquisition, see “Note 9: Goodwill.”

21

INTEL CORPORATION

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS — Unaudited (Continued)

The identified intangible assets assumed in the acquisition of Altera were recognized as follows based upon their fair values as of December 28, 2015:

	Fair Value (In Millions)		Weighted Average Estimated Useful Life (In Years)
Developed technology	$	5,757	9
Customer relationships	1,121		12
Brands	87		6
Identified intangible assets subject to amortization	6,965
In-process research and development	601
Identified intangible assets not subject to amortization	601
Total identified intangible assets	$	7,566

Acquired developed technology represents the fair value of Altera products that have reached technological feasibility and are a part of Altera’s product offerings, as opposed to in-process research and development which represents the fair value of products that have not reached technological feasibility. Customer relationships represent the fair values of the underlying relationships and agreements with Altera’s customers. Brands represent the fair value of Altera's master brand and product brand names.

Other 2016 Acquisitions

During the first nine months of 2016, in addition to the Altera acquisition, we completed eight acquisitions qualifying as business combinations in exchange for aggregate consideration (net of cash acquired) of $811 million, most of which was cash. Substantially all of the consideration was allocated to goodwill and identifiable intangible assets. For information on goodwill by operating segment, see “Note 9: Goodwill” and for information on the classification of intangible assets, see "Note 10: Identified Intangible Assets." These acquisitions, both individually and in aggregate, were not significant to our operations.

Actual and Pro Forma Results of Acquirees

Net revenue and net income attributable to all acquisitions completed during the first nine months of 2016 have been included in our consolidated condensed statements of income from their respective acquisition dates to the period ending October 1, 2016. The Altera acquisition was significant to our consolidated condensed results of operations, and these results are reported as the Programmable Solutions Group in "Note 23: Operating Segments Information."

The unaudited pro forma financial results combine the historical results of Intel and Altera for 2016 and 2015 along with the historical results of other businesses acquired during 2016. The results include the effects of pro forma adjustments as if the businesses acquired in 2016 were acquired at the beginning of Intel's 2015 fiscal year. The pro forma results for the nine months endedSeptember 26, 2015 include non-recurring adjustments of $387 million for the inventory valuation adjustment, $64 million for deferred income (net of the impact of cost of goods sold) and $94 million for other acquisition-related transaction costs, all of which reduce pro forma net income.

The pro forma financial results presented below do not include any anticipated synergies or other expected benefits of the acquisitions. This is presented for informational purposes only and is not indicative of future operations or results that would have been achieved had the acquisitions been completed as of the beginning of our 2015 fiscal year.

	Three Months Ended				Nine Months Ended
(In Millions, Except Per Share Amounts)	Oct 1, 2016		Sep 26, 2015		Oct 1, 2016		Sep 26, 2015
Net revenue	$	15,778	$	14,865	$	43,112	$	41,592
Net income	$	3,370	$	3,016	$	7,225	$	6,996
Diluted earnings per share	$	0.69	$	0.62	$	1.48	$	1.43

22

INTEL CORPORATION

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS — Unaudited (Continued)

Planned Divestiture of Intel Security Group

On September 7, 2016, we announced a definitive agreement with TPG VII Manta Holdings, L.P. (TPG) to transfer certain assets and liabilities relating to Intel Security Group (ISecG) to a newly formed, jointly-owned, separate cybersecurity company. The new company will be called McAfee following transaction close, which is expected in the second quarter of 2017.

Under the terms of the agreement, Intel will transfer certain assets and liabilities relating to ISecG, a transaction valued at approximately $4.2 billion, for consideration of approximately $3.1 billion and a 49% ownership interest in McAfee. Intel will finance approximately $2.2 billion of the consideration until the debt can be refinanced and repaid by McAfee and TPG. TPG will own a 51% ownership interest in McAfee.

The carrying amounts of the major classes of ISecG assets and liabilities held for sale included the following:

(In Millions)	Oct 1, 2016
Accounts receivable	$	309
Goodwill	3,600
Identified intangible assets	966
Other assets	202
Total assets held for sale	$	5,077
Deferred income	$	1,519
Other liabilities	362
Total liabilities held for sale	$	1,881

In addition to total assets and liabilities held for sale are currency translation adjustments totaling $507 million. This amount, classified as other comprehensive income, is associated with currency charges on the carrying values of ISecG goodwill and identified intangible assets. Upon transaction close, we will charge this amount against the expected gain.

We ceased recording depreciation and amortization on property, plant, and equipment and identified intangible assets, respectively, as of the date the assets triggered held for sale accounting.

Note 9: Goodwill

Goodwill activity for the first nine months of 2016 was as follows:

(In Millions)	Dec 26, 2015		Acquisitions		Transfers			Other			Oct 1, 2016
Client Computing Group (CCG)	$	4,078	$	65	$	213		$	—		$	4,356
Data Center Group (DCG)	2,404		2,829		177			—			5,410
Internet of Things Group (IOTG)	428		622		36			—			1,086
Non-Volatile Memory Solutions Group (NSG)	—		—		—			—			—
Intel Security Group (ISecG)	3,599		—		—			(3,599		)	—
Software and Services Group (SSG)	441		—		(441		)	—			—
Programmable Solutions Group (PSG)	—		2,475		—			—			2,475
All other	382		144		15			—			541
Total	$	11,332	$	6,135	$	—		$	(3,599	)	$	13,868

ISecG goodwill has been reclassified to assets held for sale on the consolidated condensed balance sheet. This reclassification of goodwill is presented within "Other" in the preceding table. For further information, see "Note 8: Acquisitions and Divestitures."

23

INTEL CORPORATION

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS — Unaudited (Continued)

During the first quarter of 2016, we completed the acquisition of Altera and formed PSG. The goodwill recognized from this acquisition was allocated among PSG, DCG, and IOTG based on the relative fair value provided by the acquisition, which reflected the estimated synergistic value generated within DCG and IOTG by incorporating Altera's intellectual property into Intel's future process technology and products. For further information, see "Note 8: Acquisitions and Divestitures."

We previously disclosed the goodwill for ISecG and SSG as part of the aggregated software and services operating segments. During the first quarter of 2016, we elected to separately disclose the results of ISecG and determined SSG was no longer an operating segment; accordingly, its goodwill was re-allocated to other operating segments based on the relative fair value. Additionally, we formed the New Technology Group (NTG), which includes products designed for wearables, cameras, drones, and other market segments. The substantial majority of goodwill under "all other" is attributable to NTG, the remainder of which is unallocated from recent acquisitions in the first quarter of 2016. For further information, see "Note 23: Operating Segments Information."

Note 10: Identified Intangible Assets

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

	October 1, 2016
(In Millions)	Gross Assets		Accumulated Amortization			Net
Acquisition-related developed technology	$	7,399	$	(1,650	)	$	5,749
Acquisition-related customer relationships	1,434		(225		)	1,209
Acquisition-related brands	87		(15		)	72
Licensed technology and patents	3,045		(1,373		)	1,672
Identified intangible assets subject to amortization	11,965		(3,263		)	8,702
Acquisition-related brands	—		—			—
Other intangible assets	822		—			822
Identified intangible assets not subject to amortization	822		—			822
Total identified intangible assets	$	12,787	$	(3,263	)	$	9,524

	December 26, 2015
(In Millions)	Gross Assets		Accumulated Amortization			Net
Acquisition-related developed technology	$	2,928	$	(2,276	)	$	652
Acquisition-related customer relationships	1,738		(1,219		)	519
Acquisition-related brands	59		(55		)	4
Licensed technology and patents	3,017		(1,200		)	1,817
Identified intangible assets subject to amortization	7,742		(4,750		)	2,992
Acquisition-related brands	767		—			767
Other intangible assets	174		—			174
Identified intangible assets not subject to amortization	941		—			941
Total identified intangible assets	$	8,683	$	(4,750	)	$	3,933

24

INTEL CORPORATION

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS — Unaudited (Continued)

Identified intangible assets associated with our divestiture of ISecG were not included in the October 1, 2016 table above. For further information, see "Note 8: Acquisitions and Divestitures."

As a result of our acquisition of Altera during the first quarter of 2016, we recorded $7.6 billion of identified intangible assets. For further information about these acquired identified intangible assets, see "Note 8: Acquisitions and Divestitures."

Amortization expenses recorded in the consolidated condensed statements of income for each period were as follows:

		Three Months Ended				Nine Months Ended
(In Millions)	Location	Oct 1, 2016		Sep 26, 2015		Oct 1, 2016		Sep 26, 2015
Acquisition-related developed technology	Cost of sales	$	235	$	76	$	705	$	271
Acquisition-related customer relationships	Amortization of acquisition-related intangibles	69		66		234		192
Acquisition-related brands	Amortization of acquisition-related intangibles	5		2		19		6
Licensed technology and patents	Cost of sales	76		71		218		211
Total amortization expenses		$	385	$	215	$	1,176	$	680

Based on identified intangible assets that are subject to amortization as of October 1, 2016, we expect future amortization expenses for each period to be as follows:

(In Millions)	Remainder of 2016		2017		2018		2019		2020
Acquisition-related developed technology	$	232	$	794	$	777	$	774	$	742
Acquisition-related customer relationships	33		123		122		122		120
Acquisition-related brands	5		13		13		13		13
Licensed technology and patents	75		261		212		200		174
Total future amortization expenses	$	345	$	1,191	$	1,124	$	1,109	$	1,049

Note 11: Other Long-Term Assets

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

(In Millions)	Oct 1, 2016		Dec 26, 2015
Equity method investments	$	1,508	$	1,590
Non-marketable cost method investments	3,157		2,933
Non-current deferred tax assets	730		1,052
Pre-payments for property, plant and equipment	476		623
Loans receivable	311		642
Grants receivable	324		318
Reverse repurchase agreements	250		350
Other	935		657
Total other long-term assets	$	7,691	$	8,165

During the first nine months of 2016, we received and transferred $180 million of equipment from pre-payments for property, plant and equipment to property, plant and equipment. Substantially all of the equipment was prepaid in 2013 and 2014. 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.

25

INTEL CORPORATION

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS — Unaudited (Continued)

Note 12: Restructuring and Other Charges

Restructuring and other charges for each period were as follows:

	Three Months Ended				Nine Months Ended
(In Millions)	Oct 1, 2016		Sep 26, 2015		Oct 1, 2016		Sep 26, 2015
2016 Restructuring Program	$	349	$	—	$	1,763	$	—
2013 and 2015 Restructuring Programs	—		14		—		367
Other charges	23		—		23		—
Total restructuring and other charges	$	372	$	14	$	1,786	$	367

2016 Restructuring Program

In the second quarter of 2016, our management approved and commenced the 2016 Restructuring Program to accelerate our transformation from a PC company to one that powers the cloud and billions of smart, connected computing devices. Under this program, we are in the process of closing certain facilities and reducing headcount globally to align our operations with evolving business needs by investing in our growth businesses and improving efficiencies. We expect these actions to be substantially completed by the second quarter of 2017.

Restructuring and other charges by type for the 2016 Restructuring Program for the period were as follows:

	Three Months Ended		Nine Months Ended
(In Millions)	Oct 1, 2016		Oct 1, 2016
Employee severance and benefit arrangements	$	338	$	1,752
Pension settlement charges	10		10
Asset impairments and other charges	1		1
Total restructuring and other charges	$	349	$	1,763

Restructuring and other activity for the 2016 Restructuring Program for thefirst nine months of 2016 was as follows:

(In Millions)	Employee Severance and Benefits			Asset Impairments and Other		Total
Accrued restructuring balance as of December 26, 2015	$	—		$	—	$	—
Additional accruals	1,511			1		1,512
Adjustments	150			—		150
Cash payments	(940		)	—		(940		)
Non-cash settlements	(8		)	—		(8		)
Accrued restructuring balance as of October 1, 2016	$	713		$	1	$	714

We recorded the accruals as restructuring and other charges in the consolidated condensed statement of income and within the "all other" operating segments category. Substantially all of the accrued restructuring balance as ofOctober 1, 2016is 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. The remaining accruals were recorded as an increase to our pension liability and are not included in our accrued restructuring balance.

Restructuring actions related to this program that were approved in 2016 impacted approximately15,000employees. These reductions are in conjunction with our effort to re-balance our workforce to align to strategically important areas in the data center, Internet of Things, and memory businesses.

2013 and 2015 Restructuring Programs

As of October 1, 2016, the remaining liability associated with both programs is $17 million ($70 million as of December 26, 2015). For more information about these programs, see the "Restructuring and Asset Impairment Charges" note in Part II, Item 8 of our Annual Report on Form 10-K for the year ended December 26, 2015.

26

INTEL CORPORATION

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS — Unaudited (Continued)

Note 13: Deferred Income

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

(In Millions)	Oct 1, 2016		Dec 26, 2015
Deferred income on shipments of components to distributors	$	1,553	$	920
Deferred income from software, services and other	171		1,268
Current deferred income	1,724		2,188
Non-current deferred income from software, services and other	63		530
Total deferred income	$	1,787	$	2,718

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

We reclassified the carrying amounts of current and non-current deferred income associated with ISecG as liabilities held for sale. For further information, see "Note 8: Acquisitions and Divestitures."

Note 14: Borrowings

Short-Term Debt

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

(In Millions)	Oct 1, 2016			Dec 26, 2015
Drafts payable	$	16		$	41
Commercial paper	450			—
Current portion of long-term debt	3,115			2,602
Less: debt issuance costs associated with the current portion of long-term debt	(8		)	(9		)
Total short-term debt	$	3,573		$	2,634

We have an ongoing authorization from our Board of Directors to borrow up to $5.0 billion under our commercial paper program. Maximum borrowings under our commercial paper program in the first nine months of 2016 were $3.0 billion ($900 million in the first nine months2015). Our commercial paper was rated A-1+ by Standard & Poor’s and P-1 by Moody’s as of October 1, 2016.

On December 21, 2015, we entered into a short-term credit facility to borrow up to $5.0 billion in order to facilitate the settlement of our acquisition of Altera. Under this credit facility, we borrowed $4.0 billion and the facility was closed in January 2016.

2009 Debentures

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 2016, the closing stock price conversion right condition of the 2009 debentures continued to be met and the debentures will be convertible at the option of the holders during the fourth quarter of 2016. As a result, the $1.1 billion carrying amount of the 2009 debentures was classified as short-term debt on our consolidated condensed balance sheet as of October 1, 2016 ($1.1 billion as of December 26, 2015). The excess of the amount of cash payable if converted over the carrying amount of the 2009 debentures of $886 million has been classified as temporary equity on our consolidated condensed balance sheet as of October 1, 2016 ($897 million as of December 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 the temporary equity would be reclassified to stockholders’ equity on our consolidated condensed balance sheet.

27

INTEL CORPORATION

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS — Unaudited (Continued)

Long-Term Debt

Our indebtedness is carried at amortized cost net of applicable hedge adjustments. Our long-term debt at the end of each period was as follows:

(In Millions)	Maturity Date	Stated Interest Rate	Oct 1, 2016			Dec 26, 2015
Second quarter 2016 debt issuance of $2.8 billion
Senior notes	May 2021	1.70%	$	499		$	—
Senior notes	May 2026	2.60%	998			—
Senior notes	May 2046	4.10%	1,243			—
First quarter 2016 acquired Altera debt of $1.5 billion
Senior notes	May 2017	1.75%	501			—
Senior notes	November 2018	2.50%	605			—
Senior notes	November 2023	4.10%	425			—
Fourth quarter 2015 debt issuance of $915 million
Senior notes	December 2045	4.70%	944			908
Fourth quarter 2015 Australian dollar-denominated debt issuance of A$800 million
Senior notes1	December 2019	3.25%	192			181
Senior notes1	December 2022	4.00%	422			397
Third quarter 2015 debt issuance of $1.0 billion
Senior notes	August 2045	4.90%	1,027			1,009
Third quarter 2015 debt issuance of $7.0 billion
Senior notes	July 2020	2.45%	1,749			1,748
Senior notes	July 2022	3.10%	1,035			996
Senior notes	July 2025	3.70%	2,277			2,247
Senior notes	July 2045	4.90%	1,999			1,998
2012 debt issuance of $6.2 billion
Senior notes	December 2017	1.35%	2,999			2,999
Senior notes	December 2022	2.70%	1,557			1,492
Senior notes	December 2032	4.00%	745			744
Senior notes	December 2042	4.25%	924			924
2011 debt issuance of $5.0 billion
Senior notes	October 2016	1.95%	1,500			1,499
Senior notes	October 2021	3.30%	1,998			1,997
Senior notes	October 2041	4.80%	1,491			1,490
2009 debt issuance of $2.0 billion
Junior subordinated convertible debentures	August 2039	3.25%	1,114			1,103
2005 debt issuance of $1.6 billion
Junior subordinated convertible debentures	December 2035	2.95%	987			975
Long-term debt			27,231			22,707
Less: current portion of long-term debt			(3,115		)	(2,602		)
Less: debt issuance costs			(73		)	(69		)
Total long-term debt			$	24,043		$	20,036

¹  To manage foreign currency risk associated with the Australian-dollar-denominated notes issued in 2015, we entered into currency interest rate swaps with an aggregate notional amount of $577 million, which effectively converted these notes to U.S.-dollar-denominated notes. For further discussion on our currency interest rate swaps, see "Note 7: Derivative Financial Instruments."

28

INTEL CORPORATION

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS — Unaudited (Continued)

During the second quarter of 2016, we issued a total of $2.8 billion aggregate principal amount of senior unsecured notes to refinance existing indebtedness, including our 1.95% senior notes due 2016 and a portion of our 1.35% senior notes due 2017.

During the first quarter of 2016, in connection with our completed acquisition of Altera, we acquired a total of $1.5 billion aggregate principal amount of senior unsecured notes.

All of our senior notes pay a fixed rate of interest semiannually. We may redeem the notes prior to their maturity at our option at specified redemption prices and subject to certain restrictions. The obligations under the notes rank equally in right of payment with all of our other existing and future senior unsecured indebtedness and will effectively rank junior to all liabilities of our subsidiaries.

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 26, 2015.

Note 15: Retirement Benefit Plans

Pension and Postretirement Benefit Plans

For eligible employees, former employees, and retirees, we provide various defined-benefit pension benefits and postretirement medical benefits. In conjunction with our 2016 Restructuring Program, our U.S. Minimum Pension Plan and U.S. Postretirement Medical Benefit Plan assets and liabilities were remeasured during the second quarter of 2016. For more information on the 2016 Restructuring Program, please see "Note 12: Restructuring and Other Charges".

The remeasurements of the plans resulted in an increase to the plan benefit obligations for the U.S. Minimum Pension Plan and the U.S. Postretirement Medical Benefit Plan of approximately $450 million and $90 million, respectively. The increases primarily resulted from updated demographic experience and a decrease in discount rates. Curtailment charges were not significant in the quarter the plans were remeasured. 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 26, 2015.

Note 16: Employee Equity Incentive Plans

Our equity incentive plans are broad-based, long-term programs intended to attract and retain talented employees and align stockholder and employee interests.

In connection with our completed acquisition of Altera in the first quarter of 2016, we assumed two equity incentive plans with outstanding unvested stock options and RSUs. The assumed stock options and RSUs generally retained the terms and conditions under which they were originally granted. We will not grant additional shares under these assumed plans.

As of October 1, 2016, 217 million shares of common stock remained available for future grant under the 2006 Equity Incentive Plan through June 2018.

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 October 1, 2016, 165 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 recognized was $324 million in the third quarter of 2016 and $1.1 billion in the first nine months of 2016 ($309 million in the third quarter of 2015 and $1.0 billion in the first nine months of 2015).

29

INTEL CORPORATION

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS — Unaudited (Continued)

Restricted Stock Unit Awards

We estimate the fair value of RSU 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, referred to in our 2016 Proxy Statement as outperformance restricted stock units (OSUs), using a Monte Carlo simulation model on the date of grant. We based the weighted average estimated value of RSU 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
	Oct 1, 2016			Sep 26, 2015			Oct 1, 2016			Sep 26, 2015
Estimated values	$	32.65		$	26.62		$	29.64		$	31.64
Risk-free interest rate	0.7		%	0.6		%	0.9		%	0.6		%
Dividend yield	3.0		%	3.4		%	3.3		%	2.9		%
Volatility	24		%	n/a			23		%	27		%

Restricted stock unit activity in the first nine months of 2016 was as follows:

	Number of RSUs (In Millions)		Weighted Average Grant-Date Fair Value
December 26, 2015	107.4		$	26.93
Granted	51.1		$	29.64
Assumed in acquisition	7.3		$	33.79
Vested	(47.5	)	$	26.18
Forfeited	(9.5	)	$	28.09
October 1, 2016	108.8		$	28.89

The aggregate fair value of awards that vested in the first nine months of 2016 was $1.5 billion, which represents the market value of our common stock on the date that the RSUs vested. The grant-date fair value of awards that vested in first nine months of 2016 was $1.2 billion. The number of RSUs vested includes shares of common stock that we withheld on behalf of employees to satisfy the minimum statutory tax withholding requirements. RSUs that are expected to vest are net of estimated future forfeitures.

As of October 1, 2016, 6.7 million of the outstanding RSUs were OSUs. We granted an insignificant number of OSUs in the three months endedOctober 1, 2016 and 3.5 million in the nine months endedOctober 1, 2016.

Stock Purchase Plan

Employees purchased 16.5 million shares of common stock in the first nine months of 2016 for $415 million (15.8 million shares of common stock in the first nine months of 2015 for $421 million) under the 2006 Stock Purchase Plan.

Note 17: 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 $65.0 billion in shares of our common stock in open market or negotiated transactions. As of October 1, 2016, $7.3 billion remained available for repurchase under the existing repurchase authorization limit.

During the third quarter of 2016, we repurchased 13.1 million shares of common stock at a cost of $461 million (34.8 million shares of common stock at a cost of $1.0 billion during the third quarter of 2015). During the first nine months of 2016, we repurchased 65.9 million shares of common stock at a cost of $2.1 billion (79.7 million shares of common stock at a cost of $2.5 billion in the first nine months of 2015). We have repurchased 4.8 billion shares of common stock at a cost of $107.0 billion since the program began in 1990.

30

Restricted Stock Unit Withholdings

We issue RSUs as part of our equity incentive plans. For the majority of RSUs granted, the number of shares of common stock issued on the date the RSUs 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 treat shares of common stock withheld for tax purposes on behalf of our employees in connection with the vesting of RSUs 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 2016, we withheld 13.9 million shares of common stock to satisfy $434 million (12.8 million shares of common stock to satisfy $416 million during the first nine months of 2015) of employees’ tax obligations.

Note 18: 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)	Oct 1, 2016			Sep 26, 2015			Oct 1, 2016			Sep 26, 2015
Share of equity method investee losses, net	$	(10	)	$	(22	)	$	(30	)	$	(81	)
Impairments	(48		)	(28		)	(137		)	(107		)
Gains on sales, net	38			11			553			110
Dividends	—			5			74			52
Other, net	8			199			28			323
Total gains (losses) on equity investments, net	$	(12	)	$	165		$	488		$	297

Gains on sales, net for the nine months endedOctober 1, 2016 includes $407 million net realized gains related to sales of a portion of our interest in ASML Holding N.V. (ASML) (no ASML sales occurred during the first nine months of 2015).

Note 19: 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)	Oct 1, 2016			Sep 26, 2015			Oct 1, 2016			Sep 26, 2015
Interest income	$	56		$	31		$	159		$	91
Interest expense	(180		)	(116		)	(575		)	(211		)
Other, net	(8		)	(19		)	76			29
Total interest and other, net	$	(132	)	$	(104	)	$	(340	)	$	(91	)

Interest expense in the preceding table is net of $36 million of interest capitalized in the third quarter of 2016 and $82 million of interest capitalized in the first nine months of 2016 ($52 million in the third quarter of 2015and $202 million in the first nine months of 2015).

We recognized a higher interest and other, net loss in the three and nine months ended October 1, 2016 compared to the three and nine months ended September 26, 2015 primarily due to higher interest expense from debt issued or acquired in 2015 and 2016. For further information, see "Note 14: Borrowings."

31

INTEL CORPORATION

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS — Unaudited (Continued)

Note 20: 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)	Oct 1, 2016		Sep 26, 2015		Oct 1, 2016		Sep 26, 2015
Net income available to common stockholders	$	3,378	$	3,109	$	6,754	$	7,807
Weighted average shares of common stock outstanding—basic	4,734		4,747		4,728		4,749
Dilutive effect of employee equity incentive plans	47		48		54		64
Dilutive effect of convertible debt	96		81		90		87
Weighted average shares of common stock outstanding—diluted	4,877		4,876		4,872		4,900
Basic earnings per share of common stock	$	0.71	$	0.65	$	1.43	$	1.64
Diluted earnings per share of common stock	$	0.69	$	0.64	$	1.39	$	1.59

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 RSUs, and the assumed issuance of common stock under the stock purchase plan. Potentially dilutive shares of common stock for our 2005 debentures are determined by applying the if-converted method. However, as our 2009 debentures require settlement of the principal amount of the debt in cash upon conversion, with the conversion premium paid in cash or stock at our option, potentially dilutive shares of common stock are determined by applying the treasury stock method.

Stock options and RSUs could potentially be included in the diluted earnings per share of common stock calculation if the average market value of the shares of common stock is greater than the exercise price of these options. During the third quarter of 2016, no outstanding stock options and RSUs were excluded from the computation of diluted earnings per share of common stock (we excluded on average 4 million for the third quarter of 2015 because these shares of common stock would have been antidilutive). During the first nine months of 2016, an insignificant number ofoutstanding stock options and RSUs were excluded from the computation of diluted earnings per share of common stock (we excluded on average 2 million for the first nine months of 2015 because these shares of common stock would have been antidilutive).

In the third quarter of 2016 and 2015, 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.

32

INTEL CORPORATION

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS — Unaudited (Continued)

Note 21: Other Comprehensive Income (Loss)

The changes in accumulated other comprehensive income (loss) by component and related tax effects in the first nine months of 2016 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 26, 2015	$	1,749		$	8		$	(266	)	$	(40	)	$	(876	)	$	(515	)	$	60
Other comprehensive income (loss) before reclassifications	1,078			—			374			—			(512		)	(1		)	939
Amounts reclassified out of accumulated other comprehensive income (loss)	(530		)	—			28			6			46			—			(450		)
Tax effects	(191		)	(5		)	(128		)	(2		)	177			—			(149		)
Other comprehensive income (loss)	357			(5		)	274			4			(289		)	(1		)	340
October 1, 2016	$	2,106		$	3		$	8		$	(36	)	$	(1,165	)	$	(516	)	$	400

33

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 for each period were as follows:

	Income Before Taxes Impact (In Millions)
	Three Months Ended						Nine Months Ended
Comprehensive Income Components	Oct 1, 2016			Sep 26, 2015			Oct 1, 2016			Sep 26, 2015			Location
Unrealized holding gains (losses)1 on available-for-sale investments:
	$	42		$	11		$	530		$	85		Gains (losses) on equity investments, net
	—			1			—			1			Interest and other, net
	42			12			530			86
Unrealized holding gains (losses) on derivatives:
Currency forwards	(11		)	(81		)	(70		)	(217		)	Cost of sales
	(2		)	(50		)	(5		)	(145		)	Research and development
	1			(16		)	—			(38		)	Marketing, general and administrative
	—			—			10			—			Gains (losses) on equity investments, net
Other instruments	—			—			1			—			Gains (losses) on equity investments, net
	19			—			36			—			Interest and other, net
	7			(147		)	(28		)	(400		)
Amortization of pension and postretirement benefit components:
Prior service credits (costs)	(2		)	(2		)	(6		)	(6		)
Actuarial gains (losses)	(20		)	(15		)	(46		)	(43		)
	(22		)	(17		)	(52		)	(49		)
Total amounts reclassified out of accumulated other comprehensive income (loss)	$	27		$	(152	)	$	450		$	(363	)

¹  We determine the cost of the investment sold based on an average cost basis at the individual security level.

The amortization of pension and postretirement benefit components are included in the computation of net periodic benefit cost. For further information, see the "Retirement Benefit Plans" note in Part II, Item 8 of our Annual Report on Form 10-K for the year ended December 26, 2015.

We estimate that we will reclassify approximately $15 million (before taxes) of net derivative gains included in accumulated other comprehensive income (loss) into earnings within the next 12 months.

34

INTEL CORPORATION

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS — Unaudited (Continued)

Note 22: 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 Consumer Class Actions

In 2001, the European Commission (EC) commenced an investigation regarding claims by Advanced Micro Devices, Inc. (AMD) that we used unfair business practices to persuade customers to buy our microprocessors. We received numerous requests for information and documents from the EC and we responded to each of those requests. The EC issued a Statement of Objections in July 2007 and held a hearing on that Statement in March 2008. The EC issued a Supplemental Statement of Objections in July 2008. In May 2009, the EC issued a decision finding that we had violated Article 82 of the EC Treaty and Article 54 of the European Economic Area Agreement. In general, the EC found that we violated Article 82 (later renumbered as Article 102 by a new treaty) by offering alleged "conditional rebates and payments" that required our customers to purchase all or most of their x86 microprocessors from us. The EC also found that we violated Article 82 by making alleged "payments to prevent sales of specific rival products." The EC imposed a fine in the amount of €1.1 billion ($1.4 billion as of May 2009), which we subsequently paid during the third quarter of 2009, and ordered us to "immediately bring to an end the infringement referred to in" the EC decision.

The EC decision contained no specific direction on whether or how we should modify our business practices. Instead, the decision stated that we should "cease and desist" from further conduct that, in the EC's opinion, would violate applicable law. We took steps, which are subject to the EC's ongoing review, to comply with that decision pending appeal. We had discussions with the EC to better understand the decision and to explain changes to our business practices.

We appealed the EC decision to the Court of First Instance (which has been renamed the General Court) in July 2009. The hearing of our appeal took place in July 2012. In June 2014, the General Court rejected our appeal in its entirety. In August 2014, we filed an appeal with the European Court of Justice. In November 2014, Intervener Association for Competitive Technologies filed comments in support of Intel’s grounds of appeal. The EC and interveners filed briefs in November 2014, we filed a reply in February 2015, and the EC filed a rejoinder in April 2015. The Court of Justice held oral argument in June 2016, and we await its decision.

35

INTEL CORPORATION

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS — Unaudited (Continued)

At least 82 separate class-action lawsuits were 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.

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 July 2010, the Special Master denied the MDL plaintiffs' motion to certify a class of members who purchased certain personal computers containing products sold by us. 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, we 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 were consolidated in the Superior Court of California in Santa Clara County. In March 2008, the plaintiffs in the California actions moved for class certification, which we opposed. In February 2015, the court granted plaintiffs' request for leave to retain a new expert and to amend their previous motion for class certification. In March 2016, the court denied plaintiffs’ amended class certification motion, and plaintiffs filed a motion for reconsideration. The parties subsequently agreed to settle the case, and the lawsuit was dismissed in July 2016.

Shareholder Derivative Litigation regarding In re High Tech Employee Antitrust Litigation

In March 2014, the Police Retirement System of St. Louis (PRSSL) filed a shareholder derivative action in the Superior Court of California in Santa Clara County against Intel, certain current and former members of our Board of Directors, and a current officer. The complaint alleges that the defendants breached their duties to the company by participating in, or allowing, purported antitrust violations, which were alleged in a now-settled antitrust class action lawsuit captioned In re High Tech Employee Antitrust Litigation claiming thatIntel, Adobe Systems Incorporated, Apple Inc., Google Inc., Intuit Inc., Lucasfilm Ltd., and Pixar conspired to suppress their employees’ compensation. In March 2014, a second plaintiff, Barbara Templeton, filed a substantially similar derivative suit in the same court. In May 2014, a third shareholder, Robert Achermann, filed a substantially similar derivative action in the same court. The court consolidated the three actions into one, which is captioned In re Intel Corporation Shareholder Derivative Litigation. Plaintiffs filed a consolidated complaint in July 2014. In August 2015, the court granted our motion to dismiss the consolidated complaint. The plaintiffs thereafter filed a motion for reconsideration and a motion for new trial, both of which the court denied in October 2015. In November 2015, plaintiffs PRSSL and Templeton appealed the court's decision.

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 the 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 pending further developments in the California case. In March 2016, Intel and IBEW entered into a stipulated dismissal pursuant to which IBEW dismissed its complaint but may re-file upon the withdrawal or final resolution of the appeal in the California shareholder derivative litigation.

36

INTEL CORPORATION

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS — Unaudited (Continued)

In April 2016, John Esposito filed a shareholder derivative action in the Superior Court of California in Santa Clara County against Intel, current members of our Board, and certain former officers and employees. Esposito made a demand on our Board in 2013 to investigate whether our officers or directors should be sued for their participation in the events described in In re High Tech Employee Antitrust Litigation. In November 2015, our Board decided not to take further action on Esposito’s demand based on the recommendation of the Audit Committee of the Board after its investigation of relevant facts and circumstances. Esposito seeks to set aside such decision, and alleges that the Board was not disinterested in making that decision and that the investigation was inadequate.

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.

37

INTEL CORPORATION

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS — Unaudited (Continued)

Note 23: Operating Segments Information

Our operating segments in effect as of October 1, 2016 include:

•    Client Computing Group (CCG)	•    Intel Security Group (ISecG)
•    Data Center Group (DCG)	•    Programmable Solutions Group (PSG)
•    Internet of Things Group (IOTG)	•    All other
•    Non-Volatile Memory Solutions Group (NSG)	•    New Technology Group (NTG)

During the first quarter of 2016, we formed PSG as a result of our acquisition of Altera. For further information, see "Note 8: Acquisitions and Divestitures." Additionally, we formed NTG, which includes products designed for wearables, cameras, drones, and other market segments, and determined that the Software and Services Group is no longer an operating segment.All prior-period amounts have been retrospectively adjusted to reflect the way we internally manage and monitor segment performance starting in fiscal year 2016 and include other minor reorganizations.

In the third quarter of 2016, we announced our planned divestiture of our Intel Security business and expect to close the transaction in the second quarter of 2017. For further information, see "Note 8: Acquisitions and Divestitures."

The Chief Operating Decision Maker (CODM) is our Chief Executive Officer. 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 DCG are our reportable operating segments. IOTG, NSG, ISecG, and PSG 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 separately disclose the results of these non-reportable operating segments. Our NTG operating segment does not meet the quantitative thresholds to qualify as a reportable segment and its results are included within the “all other” category.

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

• Client Computing Group. Includes platforms designed for notebooks (including Ultrabook™ devices), 2 in 1 systems, desktops (including all-in-ones and high-end enthusiast PCs), tablets, phones, wireless and wired connectivity products, and mobile communication components.

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

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

• Non-Volatile Memory Solutions Group. Includes NAND flash memory products primarily used in solid-state drives.

• Intel Security Group.Includes security software products designed to deliver innovative solutions that secure computers, mobile devices, and networks around the world from the latest malware and emerging online threats.

• Programmable Solutions Group. Includes programmable semiconductors (primary field-programmable gate arrays) and related products for a broad range of market segments, including communications, networking and storage, industrial, military, and automotive.

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 NTG;

• amounts included within restructuring and other charges;

• a portion of profit-dependent compensation and other expenses not allocated to the operating segments;

• divested businesses for which discrete operating results are not regularly reviewed by our 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.

38

INTEL CORPORATION

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS — Unaudited (Continued)

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)	Oct 1, 2016			Sep 26, 2015			Oct 1, 2016			Sep 26, 2015
Net revenue:
Client Computing Group
Platform	$	8,258		$	8,094		$	22,395		$	22,280
Other	634			412			1,384			1,183
	8,892			8,506			23,779			23,463
Data Center Group
Platform	4,164			3,857			11,589			10,842
Other	378			283			979			831
	4,542			4,140			12,568			11,673
Internet of Things Group
Platform	605			501			1,673			1,450
Other	84			80			239			223
	689			581			1,912			1,673
Non-Volatile Memory Solutions Group	649			655			1,760			1,943
Intel Security Group	537			506			1,611			1,473
Programmable Solutions Group	425			—			1,249			—
All other	44			77			134			216
Total net revenue	$	15,778		$	14,465		$	43,013		$	40,441
Operating income (loss):
Client Computing Group	$	3,327		$	2,433		$	7,123		$	5,447
Data Center Group	2,110			2,130			5,639			5,672
Internet of Things Group	191			150			403			382
Non-Volatile Memory Solutions Group	(134		)	51			(453		)	215
Intel Security Group	115			97			297			134
Programmable Solutions Group	78			—			(184		)	—
All other	(1,225		)	(669		)	(4,477		)	(2,147		)
Total operating income	$	4,462		$	4,192		$	8,348		$	9,703

39

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 endedOctober 1, 2016 to the three and nine months endedSeptember 26, 2015.

• 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 26, 2015.

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 26, 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 that had not been completed as of October 31, 2016.

40

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 2016			Q2 2016			Change			Q3 2016			Q3 2015			Change
Net revenue	$	15,778		$	13,533		$	2,245		$	15,778		$	14,465		$	1,313
Gross margin	$	9,983		$	7,973		$	2,010		$	9,983		$	9,111		$	872
Gross margin percentage	63.3		%	58.9		%	4.4		%	63.3		%	63.0		%	0.3		%
Operating income	$	4,462		$	1,318		$	3,144		$	4,462		$	4,192		$	270
Net income	$	3,378		$	1,330		$	2,048		$	3,378		$	3,109		$	269
Diluted earnings per common share	$	0.69		$	0.27		$	0.42		$	0.69		$	0.64		$	0.05
Effective tax rate	21.8		%	20.4		%	1.4		%	21.8		%	26.9		%	(5.1		)%

In Q3 2016 we achieved record revenue of $15.8 billion, up 9% from Q3 2015, with strong growth in Client Computing Group (CCG) and record revenue from both Data Center Group (DCG) and Internet of Things Group (IOTG). The revenue results included Programmable Solutions Group (PSG) revenue from the newly acquired Altera Corporation (Altera). Q3 2016 revenue was above our Business Outlook, which was revised upward in September 2016 from our original expectations as a result of inventory replenishment and better than expected PC demand.

Gross margin of 63.3%, including approximately 1.5 points of amortization of acquisition-related intangibles, was 3.3 points above the midpoint of our original expectation of 60.0% and was up 0.3 points from Q3 2015. Compared to Q3 2015, the gross margin percentage was positively impacted by lower platform unit costs and higher platform average selling prices, which were partially offset by higher factory startup costs on 10nm, lower Non-Volatile Memory Solutions Group (NSG) profits, and amortization of acquisition-related intangibles. Spending on R&D and MG&A for the quarter was $5.1 billion, down $77 million from Q2 2016, driven by deeper cuts associated with our restructuring program partially offset by an increase in profit dependent spending. There were $372 million in restructuring and other charges for the quarter. Operating income for Q3 2016 was $4.5 billion, up6% on a year-on-year basis. The tax rate for the quarter was 21.8%. Net income for Q3 2016 was $3.4 billion, up9% on a year-on-year basis. Earnings per share were $0.69, up5 cents on a year-on-year basis.

In September 2016, to further accelerate our transformation and focus our business on core strategic areas, we announced the planned divestiture of our Intel Security business. The planned divestiture along with the 2016 Restructuring Program, which is on-track to achieve the run rate savings and employment reductions announced earlier this year, resulted in additional restructuring and other charges in Q3 2016. For additional information about the restructuring programs as well as the divestiture of Intel Security, see "Restructuring and Other Charges" in the MD&A and "Note 8: Acquisitions and Divestitures" respectively.

Compared to Q3 2015, CCG revenue was up5% and operating income increased37%. DCG revenue was up10% and operating income was down1% as we increased investments and continued to ramp the first 14nm DCG product. IOTG revenue was up19% and operating income was up27%. NSG revenue was down1% and operating loss was at $134 million. PSG recognized revenue of $425 million, up 6 percent when compared to Altera’s results from a year ago, and operating income was at $78 million. Intel Security Group (ISecG) revenue was up6% and operating income was up19%.

We ended Q3 2016 with $17.8 billion of cash and cash equivalents, short-term investments, and trading assets, up $80 million from Q2 2016. Our business continues to generate healthy cash with $5.8 billion of cash from operations in Q3 2016. During Q3 2016, we purchased $2.5 billion in capital assets, paid $1.2 billion in dividends, repurchased $457 million of common stock, and repaid $1.0 billion in commercial paper. As of October 1, 2016, total debt was $27.6 billion.

Our Business Outlook for Q4 2016 and full-year 2016 includes, where applicable, our current expectations for revenue, gross margin percentage, spending (research and development (R&D) plus marketing, general, and administrative (MG&A)), restructuring, 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.

41

INTEL CORPORATION

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

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 U.S. Securities and Exchange Commission (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 16, 2016 unless updated earlier or except as specifically noted otherwise in the Business Outlook. From the close of business on December 16, 2016 until our next quarterly earnings release is published, currently scheduled for January 26, 2017, 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 18, 2016, 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.

42

INTEL CORPORATION

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

Results of Operations – Third Quarter of 2016 Compared to Third Quarter of 2015

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

	Q3 2016					Q3 2015
(Dollars in Millions, Except Per Share Amounts)	Dollars			% of Net Revenue		Dollars			% of Net Revenue
Net revenue	$	15,778		100.0	%	$	14,465		100.0	%
Cost of sales	5,795			36.7	%	5,354			37.0	%
Gross margin	9,983			63.3	%	9,111			63.0	%
Research and development	3,069			19.5	%	2,927			20.2	%
Marketing, general and administrative	2,006			12.7	%	1,910			13.2	%
Restructuring and other charges	372			2.3	%	14			0.1	%
Amortization of acquisition-related intangibles	74			0.5	%	68			0.5	%
Operating income	4,462			28.3	%	4,192			29.0	%
Gains (losses) on equity investments, net	(12		)	(0.1	)%	165			1.1	%
Interest and other, net	(132		)	(0.8	)%	(104		)	(0.7	)%
Income before taxes	4,318			27.4	%	4,253			29.4	%
Provision for taxes	940			6.0	%	1,144			7.9	%
Net income	$	3,378		21.4	%	$	3,109		21.5	%
Diluted earnings per common share	$	0.69				$	0.64

Our net revenue in Q3 2016increased by $1.3 billion, or 9%, compared to Q3 2015. The higher revenue is driven by higher platform average selling prices, up 7% due to a higher mix of DCG platform unit sales and a lower mix of phone and tablet platform unit sales, along with the inclusion of revenue in PSG from the newly acquired Altera and higher CCG non-platform revenue. These increases in revenue were partially offset by lower platform unit sales, down 2%, which were driven by lower phone, tablet and desktop platform unit sales, which were partially offset by higher notebook platform unit sales.

Our overall gross margin percentage was 63.3% in Q3 2016, up from 63.0% in Q3 2015. We derived most of our overall gross margin dollars for Q3 2016 and Q3 2015 from the sale of platforms in the CCG and DCGoperating segments. Our overall gross margin dollars in Q3 2016increased by $872 million, or 9.6%, compared to Q3 2015. The following results drove the change in gross margin in Q3 2016 compared to Q3 2015 by approximately the amounts indicated:

(In Millions)			Gross Margin Reconciliation (Q3 2016 compared to Q3 2015):
$	640		Higher gross margin from platform revenue1
370			Lower platform unit costs, primarily driven by cost improvements on our 14nm products
280			PSG gross margin from acquisition of Altera
(280		)	Higher factory start-up costs, primarily driven by the ramp of our 10nm process technology
(175		)	Lower NSG gross margin
(160		)	Altera and other acquisition-related charges
197			Other
$	872

¹  Higher gross margin from platform revenue was driven by higher average selling prices, which were partially offset by lower platform unit sales.

43

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:

(Dollars in Millions)	Q3 2016		Q3 2015		Change		% Change
Platform revenue	$	8,258	$	8,094	$	164	2	%
Other revenue	634		412		222		54	%
Net revenue	$	8,892	$	8,506	$	386	5	%
Operating income	$	3,327	$	2,433	$	894	37	%
CCG platform unit sales							(4	)%
CCG platform average selling prices							6	%

Within the CCG operating segment, the following results, drove the change in revenue in Q3 2016 compared to Q3 2015.

(In Millions)			Revenue Reconciliation (Q3 2016 compared to Q3 2015):
$	222		Higher non-platform revenue
165			Higher notebook platform average selling prices, up 3%
164			Higher notebook platform unit sales, up 4%
(165		)	Lower desktop platform unit sales, down 6%
$	386

The following results drove the change in CCG operating income in Q3 2016 compared to Q3 2015 by approximately the amounts indicated:

(In Millions)			Operating Income Reconciliation (Q3 2016 compared to Q3 2015):
$	480		Lower CCG platform unit cost, primarily driven by cost improvement on our 14nm CCG products
285			Lower CCG operating expense
255			Higher gross margin from CCG platform revenue1
(265		)	Higher CCG factory start-up costs, primarily driven by the ramp of our 10nm process technology
139			Other
$	894

¹  Higher gross margin from CCG platform revenue was driven by higher CCG platform average selling prices, partially offset by lower CCG platform volume. CCG platform average selling prices increased due to a lower mix of phone and tablet and higher average selling prices on notebook platform.

44

INTEL CORPORATION

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

Data Center Group

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

(Dollars in Millions)	Q3 2016		Q3 2015		Change			% Change
Platform revenue	$	4,164	$	3,857	$	307		8	%
Other revenue	378		283		95			34	%
Net revenue	$	4,542	$	4,140	$	402		10	%
Operating income	$	2,110	$	2,130	$	(20	)	(1	)%
DCG platform unit sales								12	%
DCG platform average selling prices								(3	)%

Our DCG platform revenue increased primarily due to growth in the cloud and communication service provider market segments. The following results, drove the change in DCG revenue in Q3 2016 compared to Q3 2015.

(In Millions)			Revenue Reconciliation (Q3 2016 compared to Q3 2015):
$	447		Higher DCG platform unit sales, up 12%
(140		)	Lower DCG platform average selling prices, down 3%
95			Other
$	402

The following results, drove the change in DCG operating income in Q3 2016 compared to Q3 2015 by approximately the amounts indicated:

(In Millions)			Operating Income Reconciliation (Q3 2016 compared to Q3 2015):
$	265		Higher gross margin from DCG platform revenue
(235		)	Higher DCG operating expense
(50		)	Other
$	(20	)

Internet of Things Group

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

(Dollars in Millions)	Q3 2016		Q3 2015		Change		% Change
Platform revenue	$	605	$	501	$	104	21	%
Other revenue	84		80		4		5	%
Net revenue	$	689	$	581	$	108	19	%
Operating income	$	191	$	150	$	41	27	%

Net revenue for the IOTG operating segment increased in Q3 2016 compared to Q3 2015, primarily due to higher IOTG platform average selling prices.

Operating income for the IOTG operating segment increased in Q3 2016 compared to Q3 2015, driven byhigher gross margin from IOTG platform revenuepartially offset by higher IOTG operating expense.

45

INTEL CORPORATION

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

Non-Volatile Memory Solutions Group

The revenue and operating income (loss) for the NSG operating segment for each period were as follows:

(Dollars in Millions)	Q3 2016			Q3 2015		Change			% Change
Net revenue	$	649		$	655	$	(6	)	(1	)%
Operating income (loss)	$	(134	)	$	51	$	(185	)	n/m

The operating results for the NSG operating segment decreasedin Q3 2016 compared to Q3 2015, driven by lower gross margin from lower average selling prices and higher costs on ramp of 3D NAND technology, which were partially offset by higher unit sales and lower unit cost.

Intel Security Group

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

(Dollars in Millions)	Q3 2016		Q3 2015		Change		% Change
Net revenue	$	537	$	506	$	31	6	%
Operating income	$	115	$	97	$	18	19	%

Programmable Solutions Group

PSG operating segment was created in Q1 2016, subsequent to the acquisition of Altera. The revenue and operating income (loss) for the PSG operating segment for each period were as follows:

(Dollars in Millions)	Q3 2016		Q3 2015		Change
Net revenue	$	425	$	—	$	425
Operating income (loss)	$	78	$	—	$	78

Operating Expenses

Operating expenses for each period were as follows:

(Dollars in Millions)	Q3 2016			Q3 2015
Research and development (R&D)	$	3,069		$	2,927
Marketing, general and administrative (MG&A)	$	2,006		$	1,910
R&D and MG&A as percentage of net revenue	32.2		%	33.4		%
Restructuring and other charges	$	372		$	14
Amortization of acquisition-related intangibles	$	74		$	68

Research and Development

R&D increased by $142 million, or 5%, in Q3 2016 compared to Q3 2015. This increase was driven by higher product and process development expenses and PSG expenses, and was partially offset by lower depreciation expense in 2016 due to a change at the beginning of fiscal year 2016 to the estimated useful life of our machinery and equipment in our wafer fabrication facilities and savings from our 2016 restructuring program.

Marketing, General and Administrative

MG&A increased by $96 million, or 5%, in Q3 2016 compared to Q3 2015. This increase was driven primarily by PSG expenses.

46

INTEL CORPORATION

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

Restructuring and Other Charges

Restructuring and other charges for each period were as follows:

(In Millions)	Q3 2016		Q3 2015
2016 Restructuring Program	$	349	$	—
2013 and 2015 Restructuring Programs	—		14
Other charges	23		—
Total restructuring and other charges	$	372	$	14

2016 Restructuring Program. In Q2 2016, our management approved and commenced the 2016 Restructuring Program to accelerate our transformation from a PC company to one that powers the cloud and billions of smart, connected computing devices. Under this program, we are in the process of closing certain facilities and reducing headcount globally to align our operations with evolving business needs by investing in our growth businesses and improving efficiencies. We expect these actions to be substantially completed by Q2 2017.

Restructuring and other charges by type for the 2016 Restructuring Program for the period were as follows:

(In Millions)	Q3 2016
Employee severance and benefit arrangements	$	338
Pension settlement charges	10
Asset impairments and other charges	1
Total restructuring and other charges	$	349

For further discussion, see "Results of Operations – First Nine Months of 2016 Compared to First Nine Months of 2015."

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 2016			Q3 2015
Gains (losses) on equity investments, net	$	(12	)	$	165
Interest and other, net	$	(132	)	$	(104	)

We recognized a net loss on equity investments in Q3 2016 compared to a net gain in Q3 2015 primarily due to lower gains on third-party merger transactions in Q3 2016. We recognized a higher interest and other, net loss in Q3 2016 compared to Q3 2015 primarily due to higher interest expense from debt issued or acquired in 2015 and 2016.

Provision for Taxes

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

(Dollars in Millions)	Q3 2016			Q3 2015
Income before taxes	$	4,318		$	4,253
Provision for taxes	$	940		$	1,144
Effective tax rate	21.8		%	26.9		%

A substantial majorityof the decrease in our effective tax rate in Q3 2016 compared to Q3 2015 was driven by the permanent reinstatement of the U.S. R&D tax credit in Q4 2015 which was not reflected in Q3 2015 effective tax rate and a higher proportion of our income in lower taxed jurisdictions.

47

Results of Operations – First Nine Months of 2016 Compared to First Nine Months of 2015

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

	YTD 2016					YTD 2015
(Dollars in Millions, Except Per Share Amounts)	Dollars			% of Net Revenue		Dollars			% of Net Revenue
Net revenue	$	43,013		100.0	%	$	40,441		100.0	%
Cost of sales	16,927			39.4	%	15,352			38.0	%
Gross margin	26,086			60.6	%	25,089			62.0	%
Research and development	9,460			22.0	%	9,009			22.3	%
Marketing, general and administrative	6,239			14.4	%	5,812			14.4	%
Restructuring and other charges	1,786			4.2	%	367			0.8	%
Amortization of acquisition-related intangibles	253			0.6	%	198			0.5	%
Operating income	8,348			19.4	%	9,703			24.0	%
Gains (losses) on equity investments, net	488			1.2	%	297			0.7	%
Interest and other, net	(340		)	(0.8	)%	(91		)	(0.2	)%
Income before taxes	8,496			19.8	%	9,909			24.5	%
Provision for taxes	1,742			4.1	%	2,102			5.2	%
Net income	$	6,754		15.7	%	$	7,807		19.3	%
Diluted earnings per common share	$	1.39				$	1.59

Our net revenue for the first nine months of 2016increased by $2.6 billion, or 6%, compared to the first nine months of 2015. Our results for the first nine months of 2016 reflected an extra workweek as compared to the first nine months2015. The higher revenue is driven by higher platform average selling prices, up12% due to a lower mix of phone and tablet platform unit sales and a higher mix of DCG platform unit sales, and inclusion of revenue in PSG from the newly acquired Altera. These increases in revenue were partially offset by lower platform unit sales of 8%, which were driven by lower phone and tablet platform unit sales.

Our overall gross margin percentage decreased to 60.6% in the first nine months of 2016 from 62.0% in the first nine months of 2015. We derived mostof our overall gross margin dollars for the first nine months of 2016 and the first nine months of 2015 from the sale of platforms in the CCG and DCGoperating segments. Our overall gross margin dollars in the first nine monthsof2016increasedby$997 million, or4.0%, compared to thefirst nine monthsof2015. The following results drove the change in gross margin in thefirst nine monthsof2016compared to thefirst nine monthsof2015by approximately the amounts indicated:

(In Millions)			Gross Margin Reconciliation (YTD 2016 compared to YTD 2015):
$	1,765		Higher gross margin from platform revenue1
880			PSG gross margin from acquisition of Altera
(885		)	Altera and other acquisition-related charges
(595		)	Lower NSG gross margin, primarily driven by lower average selling prices
(355		)	Higher factory start-up costs, primarily driven by the ramp of our 10nm process technology
187			Other
$	997

¹  Higher gross margin from platform revenue was driven by higher platform average selling prices, which were partially offset by lower platform unit sales.

48

Client Computing Group

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

(Dollars in Millions)	YTD 2016		YTD 2015		Change		% Change
Platform revenue	$	22,395	$	22,280	$	115	1	%
Other revenue	1,384		1,183		201		17	%
Net revenue	$	23,779	$	23,463	$	316	1	%
Operating income	$	7,123	$	5,447	$	1,676	31	%
CCG platform unit sales							(11	)%
CCG platform average selling prices							12	%

Within the CCG operating segment, the following results, drove the change in revenue in thefirst nine monthsof2016compared to thefirst nine monthsof2015.

(In Millions)			Revenue Reconciliation (YTD 2016 compared to YTD 2015):
$	235		Higher notebook platform average selling prices, up 2%
216			Higher desktop platform average selling prices, up 2%
196			Reduction of cash consideration paid to customers on our mobile platforms
(367		)	Lower desktop platform unit sales, down 5%
(149		)	Lower notebook platform unit sales, down 1%
185			Other
$	316

The following results drove the change in CCG operating income in the first nine monthsof2016compared to the first nine months of 2015 by approximately the amounts indicated:

(In Millions)			Operating Income Reconciliation (YTD 2016 compared to YTD 2015):
$	860		Higher gross margin from platform revenue1
595			Lower CCG operating expense
295			Lower CCG platform unit cost, primarily driven by cost improvement on our 14nm CCG products
(370		)	Higher factory start-up costs, primarily driven by the ramp of our 10nm process technology
296			Other
$	1,676

¹  Higher gross margin from CCG platform revenue was driven by higher CCG platform average selling prices, partially offset by lower CCG platform unit sales. CCG platform average selling prices increased due to a lower mix of phone and tablet platforms and higher mix of notebook and desktop platforms.

49

Data Center Group

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

(Dollars in Millions)	YTD 2016		YTD 2015		Change			% Change
Platform revenue	$	11,589	$	10,842	$	747		7	%
Other revenue	979		831		148			18	%
Net revenue	$	12,568	$	11,673	$	895		8	%
Operating income	$	5,639	$	5,672	$	(33	)	(1	)%
DCG platform unit sales								9	%
DCG platform average selling prices								(2	)%

Our DCG platform revenue increased primarily due to growth in the cloud and communications service provider market segments. The following results, drove the change in DCG revenue in the first nine months of 2016 compared to the first nine months of 2015.

(In Millions)			Revenue Reconciliation (YTD 2016 compared to YTD 2015):
$	1,017		Higher DCG platform unit sales, up 9%
(270		)	Lower DCG platform average selling prices, down 2%
148			Other
$	895

The following results, drove the change in DCG operating income in the first nine months of 2016 compared to first nine months of 2015 by approximately the amounts indicated:

(In Millions)			Operating Income Reconciliation (YTD 2016 compared to YTD 2015):
$	660		Higher gross margin from DCG platform revenue
(440		)	Higher DCG operating expense
(275		)	Higher DCG platform unit costs, primarily driven by the ramp of our 14nm DCG products
22			Other
$	(33	)

Internet of Things Group

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

(Dollars in Millions)	YTD 2016		YTD 2015		Change		% Change
Platform revenue	$	1,673	$	1,450	$	223	15	%
Other revenue	239		223		16		7	%
Net revenue	$	1,912	$	1,673	$	239	14	%
Operating income	$	403	$	382	$	21	5	%

Net revenue for the IOTG operating segmentincreasedin thefirst nine monthsof2016compared to thefirst nine monthsof2015, primarily due to higher IOTG platform unit sales on strength in the video and retail market segments.

Operating income for the IOTG operating segment increasedin the first nine months of 2016 compared to the first nine months of 2015, primarily driven by higher gross margin from IOTG platform revenuepartially offset by higher IOTG operating expense.

50

Non-Volatile Memory Solutions Group

The revenue and operating income (loss) for the NSG operating segment for each period were as follows:

(Dollars in Millions)	YTD 2016			YTD 2015		Change			% Change
Net revenue	$	1,760		$	1,943	$	(183	)	(9	)%
Operating income (loss)	$	(453	)	$	215	$	(668	)	n/m

Net revenue for the NSG operating segment decreasedin the first nine months of 2016 compared to the first nine months of 2015, primarily due to lower average selling prices from competitive pricing pressure.

The operating results for the NSG operating segment decreasedin the first nine months of 2016 compared to the first nine months of 2015, driven by lower revenue from competitive pricing pressures, higher costs on the ramp of our 3D NAND flash memory in our Dalian, China facility, and higher spending on 3D XPoint^TM technology. Decreases were offset by lower unit costs.

Intel Security Group

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

(Dollars in Millions)	YTD 2016		YTD 2015		Change		% Change
Net revenue	$	1,611	$	1,473	$	138	9	%
Operating income	$	297	$	134	$	163	122	%

Net revenue for the ISecG operating segment increased in the first nine monthsof2016compared to thefirst nine monthsof2015, driven by the consumer market segment.

The operating results for the ISecG operating segmentincreasedin thefirst nine months of 2016 compared to the first nine months of 2015, driven by higher ISecG gross margin and lower ISecG operating expense.

Programmable Solutions Group

The revenue and operating income (loss) for the PSG operating segment for each period were as follows:

(Dollars in Millions)	YTD 2016			YTD 2015		Change
Net revenue	$	1,249		$	—	$	1,249
Operating income (loss)	$	(184	)	$	—	$	(184	)

PSG operating segment was created in Q1 2016, subsequent to the acquisition of Altera. The net revenue results are impacted by acquisition-related charges regarding the revaluation of deferred revenue to fair value. As part of purchase price accounting, we have excluded approximately $99 million of revenue that would have been reported in the first nine months of 2016 if PSG’s deferred revenue not been written down to fair value.

The operating loss for PSG was impacted by acquisition-related charges, primarily deferred revenue write down and inventory valuation adjustment. Due to the revaluation of deferred revenue to fair value, we excluded revenue and associated costs that would have created $64 million of operating income in the first nine months of 2016. Additionally, we incurred approximately $387 million of additional cost of sales charges during the period that would have been excluded from the operating results for the first nine months of 2016 if the acquired inventory not been remeasured to fair value upon acquisition and then sold through to end customers resulting in zero margin on that inventory for the period.

51

Operating Expenses

Operating expenses for each period were as follows:

(Dollars in Millions)	YTD 2016			YTD 2015
Research and development (R&D)	$	9,460		$	9,009
Marketing, general and administrative (MG&A)	$	6,239		$	5,812
R&D and MG&A as percentage of net revenue	36.5		%	36.6		%
Restructuring and other charges	$	1,786		$	367
Amortization of acquisition-related intangibles	$	253		$	198

Research and Development

R&D increased by $451 million, or 5%, in the first nine months of 2016 compared to the first nine months of 2015. This increase was driven by PSG expenses, higher investment in strategically important areas, such as servers, new devices, Internet of Things, and memory, as well as an extra workweek in 2016. These increases were partially offset by lower depreciation expense in 2016 due to a change at the beginning of fiscal year 2016 to the estimated useful life of our machinery and equipment in our wafer fabrication facilities and savings from our 2016 restructuring program.

Marketing, General and Administrative

MG&A increased by $427 million, or 7%, in the first nine months of 2016 compared to the first nine months of 2015. This increase was driven primarily by PSG expenses and an extra workweek in 2016.

Restructuring and Other Charges

Restructuring and other charges for each period were as follows:

(In Millions)	YTD 2016		YTD 2015
2016 Restructuring Program	$	1,763	$	—
2013 and 2015 Restructuring Programs	—		367
Other charges	23		—
Total restructuring and other charges	$	1,786	$	367

2016 Restructuring Program. In Q2 2016, our management approved and commenced the 2016 Restructuring Program to accelerate our transformation from a PC company to one that powers the cloud and billions of smart, connected computing devices. Under this program, we are in the process of closing certain facilities and reducing headcount globally to align our operations with evolving business needs by investing in our growth businesses and improving efficiencies. We expect these actions to be substantially completed by Q2 2017.

Restructuring and other charges by type for the 2016 Restructuring Program for the period were as follows:

(In Millions)	YTD 2016
Employee severance and benefit arrangements	$	1,752
Pension settlement charges	10
Asset impairments and other charges	1
Total restructuring and other charges	$	1,763

52

Restructuring and other activity for the 2016 Restructuring Program for thefirst nine months of 2016 was as follows:

(In Millions)	Employee Severance and Benefits			Asset Impairments and Other		Total
Accrued restructuring balance as of December 26, 2015	$	—		$	—	$	—
Additional accruals	1,511			1		1,512
Adjustments	150			—		150
Cash payments	(940		)	—		(940		)
Non-cash settlements	(8		)	—		(8		)
Accrued restructuring balance as of October 1, 2016	$	713		$	1	$	714

We recorded the accruals as restructuring and other charges in the consolidated condensed statement of income and within the "all other" operating segments category. Substantially all of the accrued restructuring balance as ofOctober 1, 2016is 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. The remaining accruals were recorded as an increase to our pension liability and are not included in our accrued restructuring balance.

Restructuring actions related to this program that were approved in 2016 impacted approximately15,000 employees. We estimate that the charges incurred to date as part of the 2016 restructuring program will result in net annual headcount savings of approximately $1.6 billion as we re-balance our workforce. On an annual basis, we expect $1.4 billion of these savings will reduce our R&D and MG&A spending and the remainder will reduce our cost of sales. We began to realize these savings in Q2 2016 and expect to fully realize these savings by mid-2017. These savings are in conjunction with our effort to increaseinvestments in our strategically important areas such as the data center, Internet of Things, and memory businesses.

2013 and 2015 Restructuring Programs. As of October 1, 2016, the remaining liability associated with both programs is $17 million ($70 million as of December 26, 2015). For more information about these programs, see the "Restructuring and Asset Impairment Charges" note in Part II, Item 8 of our Annual Report on Form 10-K for the year ended December 26, 2015.

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 2016			YTD 2015
Gains (losses) on equity investments, net	$	488		$	297
Interest and other, net	$	(340	)	$	(91	)

We recognized higher net gains on equity investments in the first nine months of 2016 compared to the first nine months of 2015 primarily due to gains of $407 million related to sales of a portion of our interest in ASML Holding N.V. (ASML) in 2016, partially offset by higher gains on third-party merger transactions in 2015.

We recognized a higher interest and other, net loss in the first nine months of 2016 compared to the first nine months of 2015 primarily due to higher interest expense from debt issued or acquired in 2015 and 2016.

53

Provision for Taxes

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

(Dollars in Millions)	YTD 2016			YTD 2015
Income before taxes	$	8,496		$	9,909
Provision for taxes	$	1,742		$	2,102
Effective tax rate	20.5		%	21.2		%

A majority of the decrease in our effective tax rate between the first nine months of 2016 and the first nine months of 2015 was driven by 2016 benefits from a higher proportion of our income from lower taxed jurisdictions, permanent reinstatement of the U.S. R&D tax credit in the first nine months of 2016 as compared to the first nine months2015, and one-time tax benefit from a divestiture in Q1 2016, which were partially offset by one-time settlements in Q2 2015 and our decision during 2015 to indefinitely reinvest prior years' non-U.S. earnings.

Liquidity and Capital Resources

(Dollars in Millions)	Oct 1, 2016			Dec 26, 2015
Cash and cash equivalents, short-term investments, and trading assets	$	17,769		$	25,313
Other long-term investments	$	4,189		$	1,891
Loans receivable and other	$	1,224		$	1,170
Reverse repurchase agreements with original maturities greater than approximately three months	$	250		$	1,000
Unsettled trade liabilities and other	$	79		$	99
Short-term and long-term debt	$	27,616		$	22,670
Temporary equity	$	886		$	897
Debt as percentage of permanent stockholders’ equity	43.8		%	37.1		%

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

(In Millions)	YTD 2016			YTD 2015
Net cash provided by operating activities	$	13,658		$	13,590
Net cash used for investing activities	(22,373		)	(10,911		)
Net cash provided by (used for) financing activities	(1,841		)	1,824
Effect of exchange rate fluctuations on cash and cash equivalents	—			1
Net increase (decrease) in cash and cash equivalents	$	(10,556	)	$	4,504

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 monthsof 2016compared to the first nine monthsof 2015, the $68 millionincrease in cash provided by operations was due to higher adjustments to net income for non-cash items in the first nine months of 2016. This increase was partially offset by lower net income and changes in working capital.

Changes in assets and liabilities as of October 1, 2016, compared to December 26, 2015, included a decrease in accrued compensation and benefits due to the payout of 2015 profit-dependent compensation and 2016 restructuring program benefits, offset by a decrease in our income tax payable position in 2016 related to the timing of income tax payments and certain tax benefits.

54

INTEL CORPORATION

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

For the first nine months of 2016, our three largest customers accounted for 39% of net revenue with Dell Inc. (Dell) accounting for 15%, Lenovo Group Limited (Lenovo) accounting for 13%, and HP Inc. accounting for 11%. These three customers accounted for 35% of net accounts receivable as of October 1, 2016.

For the first nine months of 2015, our three largest customers accounted for 46% of net revenue with Hewlett-Packard Company accounting for 18%, Dell accounting for 15%, and Lenovo accounting for 13%. These three customers accounted for 49% of net accounts receivable as of December 26, 2015.

Investing Activities

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

Cash used for investing activities was higher for the first nine monthsof 2016 compared to first nine monthsof 2015. The increase in cash used for investing activities was primarily due to the acquisition of Altera and net trading assets activity (which was a use of cash in 2016 compared to a source of cash in 2015). This activity was partially offset by higher maturities and sales of available-for-sale investments (which included $835 million of cash received from ASML sales), and lower investments in loans receivable and reverse repurchase agreements in the first nine monthsof 2016.

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 used for financing activities in the first nine monthsof 2016 compared to cash provided by financing in the first nine monthsof 2015, primarily due to $8.0 billion cash from the issuance of senior unsecured notes during the first nine months of 2015 compared to $2.7 billion in the first nine months of 2016. This activity was partially offset by net short term debt (primarily commercial paper, which was a source of cash in 2016 compared to a use of cash in 2015), and a decrease in common stock repurchases in the first nine months of 2016 compared to 2015.

Liquidity

During 2015, we entered into a definitive agreement to acquire Altera in an all-cash transaction. The transaction closed on December 28, 2015, during Q1 2016. The transaction had an approximate value of $16.5 billion. We financed a portion of the acquisition by issuing $9.5 billion in long-term debt during 2015 and borrowing $4.0 billion against our short-term credit facility during Q1 2016. We funded the remainder of the acquisition with issuances of commercial paper and existing cash and investments. For information on our indebtedness, see "Note 14: Borrowings."

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 October 1, 2016, cash and cash equivalents, short-term investments, and trading assets totaled $17.8 billion ($25.3 billion as of December 26, 2015). The decreased balance compared to December 26, 2015 was primarily related to the cash consideration paid for our acquisition of Altera, which closed on December 28, 2015. In addition to the $17.8 billion, we have $4.2 billion of other long-term investments, $1.2 billion of loans receivable and other investments, and $250 million of reverse repurchase agreements with original maturities greater than approximately three months that we include when assessing our sources of liquidity. Most of our investments in debt instruments are in A/A2 or better rated issuances, and the majority are rated AA-/Aa3 or better.

55

INTEL CORPORATION

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

Other potential sources of liquidity include our commercial paper program and our automatic shelf registration statement on file with the SEC, pursuant to which we may offer an unspecified amount of debt, equity, and other securities. Under our commercial paper program, we have an ongoing authorization from our Board of Directors to borrow up to $5.0 billion. Maximum borrowings under our commercial paper program were $3.0 billion during the first nine monthsof 2016 and $450 million commercial paper remained outstanding as of October 1, 2016. Our commercial paper was rated A-1+ by Standard & Poor’s and P-1 by Moody’s as of October 1, 2016. On December 21, 2015, we entered into a short-term credit facility to borrow up to $5.0 billion to facilitate the settlement of our acquisition of Altera. Under this credit facility we borrowed $4.0 billion, and the facility was closed in January 2016. In Q2 2016, we issued a total of $2.8 billion aggregate principal amount of senior unsecured notes to refinance existing indebtedness, including our 1.95% senior notes due 2016 and a portion of our 1.35% senior notes due 2017. For further information on the terms of the notes, see “Note 14: Borrowings” in the Notes to Consolidated Condensed Financial Statements in this Form 10-Q.

As of October 1, 2016, $15.2 billion of our $17.8 billion of cash and cash equivalents, short-term investments, and trading assets was held by our non-U.S. subsidiaries. Of the $15.2 billion held by our non-U.S. subsidiaries, approximately $1.5 billion 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 October 1, 2016. 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. 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.

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 4: Fair Value” in the Notes to Consolidated Condensed Financial Statements in this Form 10-Q.

Marketable Debt Instruments

As of October 1, 2016, our assets measured and recorded at fair value on a recurring basis included $20.1 billion of marketable debt instruments. Of these instruments, $10.5 billion was classified as Level 1, $9.5 billion as Level 2, and $21 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 instruments that are traded in active markets. We evaluate instrument-specific market data when determining whether the market for a debt instrument is active.

Of the $9.5 billion of marketable debt instruments measured and recorded at fair value on a recurring basis and classified as Level 2, approximately 35% was classified as Level 2 due to the use of a discounted cash flow model performed by us and approximately 65% 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.

56

INTEL CORPORATION

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

Loans Receivable and Reverse Repurchase Agreements

As of October 1, 2016, our assets measured and recorded at fair value on a recurring basis included $603 million of loans receivable and $768 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 October 1, 2016, our assets measured and recorded at fair value on a recurring basis included $6.0 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.

Contractual Obligations

During Q2 2016, we issued a total of $2.8 billion aggregate principal amount of senior unsecured notes to refinance existing indebtedness. During Q1 2016, we acquired $1.5 billion of senior unsecured notes as a result of our Altera acquisition. Our remaining total cash payments (including anticipated interest payments that are not recorded on the consolidated condensed balance sheets) over the life of these long-term debt obligations are expected to be approximately $6.3 billion. For further information, see “Note 14: Borrowings” in the Notes to Consolidated Condensed Financial Statements of this Form 10-Q.

57

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 and interest 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 26, 2015. All of the following potential changes are based on sensitivity analyses performed on our financial positions as of October 1, 2016 and December 26, 2015. Actual results may differ materially.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 October 1, 2016, the fair value of our marketable equity investments and our equity derivative instruments, including hedging positions, was $6.0 billion ($6.0 billion as of December 26, 2015).Substantially all of our marketable equity investments portfolio as of October 1, 2016, was concentrated in our investment in ASML of $6.0 billion ($5.7 billion as of December 26, 2015). 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 20% 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 $1.2 billion, based on the value as of October 1, 2016 (a decrease in value of approximately $1.8 billion, based on the value as of December 26, 2015 using an assumed decline of 30%).

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 $3.2 billion as of October 1, 2016 ($2.9 billion as of December 26, 2015) and included our Beijing UniSpreadtrum Technology Ltd. (UniSpreadtrum) and Cloudera, Inc. (Cloudera) investments of $966 million and $454 million, respectively ($966 million and $454 million for UniSpreadtrum and Cloudera, respectively, as of December 26, 2015). The carrying amount of our non-marketable equity method investments was $1.5 billionas of October 1, 2016 ($1.6 billion as of December 26, 2015). A majority of our non-marketable equity method investments balance as of October 1, 2016 was concentrated in our IM Flash Technologies, LLC (IMFT) and Cloudera investments of $886 million and $233 million, respectively ($872 million and $256 million for IMFT and Cloudera, respectively, as of December 26, 2015).

58

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 October 1, 2016 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 and procedures 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.

59

PART II – OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

For a discussion of legal proceedings, see “Note 22: 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 26, 2015, 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 2015 Annual Report on Form 10-K, as updated by our Quarterly Reports on Form 10-Q for the quarters ended April 2, 2016 and July 2, 2016, 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 $65.0 billion in shares of our common stock in open market or negotiated transactions. As of October 1, 2016, $7.3 billion remained available for repurchase under the existing repurchase authorization limit.

Common stock repurchase activity under our repurchase plan during the third quarter of 2016 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)
July 3, 2016 - July 30, 2016	4.1	$	34.46	$	7,652
July 31, 2016 - August 27, 2016	4.7	34.90		7,488
August 28, 2016 - October 1, 2016	4.3	36.49		$	7,331
Total	13.1	$	35.29

In our consolidated condensed financial statements, we 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 17: Common Stock Repurchases" in the Notes to Consolidated Condensed Financial Statements in this Form 10-Q.

60

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 January 21, 2016	8-K	000-06217	3.2	1/26/2016
10.1**	Offer Letter by and between Intel Corporation and Robert Swan dated September 14, 2016					X
10.2**	Form of Indemnification Agreement with Directors and Executive Officers (for Directors and Executive Officers who joined Intel Corporation after July 1, 2016)					X
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, 3D XPoint, and Ultrabook are trademarks of Intel Corporation or its subsidiaries in the U.S. and/or other countries.

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

** Management contracts or compensation plans or arrangements in which directors or executive officers are eligible to participate.

61

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 31, 2016	By:	/s/ ROBERT H. SWAN
			Robert H. Swan
			Executive Vice President, Chief Financial Officer, and Principal Accounting Officer

62

EX-10.1

Exhibit 10.1

Corporate Headquarters

Intel Corporation

2200 Mission College Blvd

Santa Clara, CA, 95054-1549

(409) 765-8080

September 14, 2016

Dear Robert:

Congratulations! On behalf of Intel Corporation I am pleased to provide this offer to you for the position of Executive Vice President & Chief Financial Officer reporting to me. The role is based in Santa Clara, CA. It is expected that your start date will be no later than October 10, 2016.

Base Salary. Your starting annual base salary will be $850,000, less applicable taxes, deductions and withholdings. This base salary will be reviewed annually as part of our performance review process and will increase commensurate with your performance, as assessed by management.

Annual Performance Bonus. You are eligible for an Annual Performance Bonus (APB) with a target payout of $1,119,000, based on 44% of base salary times 3 ($373,000 X 3 = $1,119,000). The APB is paid out in January for the prior year based on Intel’s financial performance, as well as achievement of specified operational goals, subject to the terms of the APB plan. The bonus will be prorated to reflect the actual months of participation for the portion of 2016 that you are employed with Intel.  Subject to local law, to earn and receive an APB payout, employees must be employed on the Intel payroll through the last day of the applicable bonus period.

Quarterly Profit Bonus. You are eligible for quarterly bonuses under the Quarterly Profit Bonus (QPB) plan. These bonuses are determined based on Intel’s quarterly profitability, subject to the terms of the QPB plan. Based on historical payouts, we anticipate this will pay you approximately $21,402.50 per quarter ($85,610 annually). Your first quarterly bonus will be prorated to reflect the actual dates of participation for any portion of the quarter that you are employed with Intel.  Subject to local law, to earn and receive a QPB, you must be employed on the Intel payroll before the cutoff date for each three-month bonus period, and have received eligible earnings before the cutoff date.

Hiring Bonus. We will offer you a sign on bonus of $5,500,000, less applicable taxes, deductions and withholdings. $2,750,000 of this bonus will be paid within 30 days of your employment start date, $1,750,000 will be paid within 30 days of your 1 year anniversary and $1,000,000 will be paid within 30 days of your 2year anniversary provided you are employed in good standing on each of those dates, as determined by management.

Severance Provision. In the event that Intel terminates your employment during the first two years of your employment for any reason other than Cause (as defined below), Intel will pay you the following payments, as well as any severance pay and benefits that may be applicable for your position level under Intel policy:

• If your employment ends before the payment of the first installment of your hiring bonus, Intel will pay you $5,500,000.

• If your employment ends after the payment of the first installment of your hiring bonus, but before the one year anniversary of your start date, Intel will pay you $2,750,000.

• If your employment ends after the payment of the second installment of your hiring bonus, but before the two year anniversary of your start date, Intel will pay you $1,000,000.

The severance payment will be subject to applicable taxes, deductions and withholdings. It will be paid no later than March 15^th of the calendar year following your termination, provided you execute and let become effective a standard release agreement, and provided further that in the event that your release delivery and non-revocation period spans two calendar years, payment will be made in the second calendar year.

For purposes of this offer, Cause means (1) commission of an act of material fraud or dishonesty against Intel; (2) intentional refusal or willful failure to substantially carry out the reasonable instructions of the Chief Executive Officer or of Intel’s Board of Directors (other than any such failure resulting from your Disability); (3) conviction of, guilty plea or “no contest” plea to a felony or to a misdemeanor involving moral turpitude (where moral turpitude means so extreme a departure from ordinary standards of honesty, good morals, justice or ethics as to be shocking to the moral sense of the community); (4) gross misconduct in connection with the performance of your duties; (5) improper disclosure of confidential information or violation of material Intel policy or Code of Conduct; (6) breach of fiduciary duty to Intel;  (7) failure to cooperate with Intel in any investigation or formal proceeding or being found liable in a Securities and Exchange Commission enforcement action or otherwise being disqualified from serving in your job; or (8) breach of duty of loyalty to the Company.  Prior to termination for cause, Intel shall provide 30 days prior written notice of the grounds for cause, and give you an opportunity within those 30 days to cure the alleged breach. The parties recognize that given the egregious nature of the conduct defined as Cause, a cure may not possible. No act or failure to act on your part shall be considered "willful" unless Intel determines it is done, or omitted to be done, in bad faith or without reasonable belief that your act or omission was in the best interests of the Company. Any act, or failure to act, based upon express authority given pursuant to a resolution duly adopted by Intel’s Board with respect to such act or omission, or based upon the advice of legal counsel for Intel, shall be conclusively presumed to be done, or omitted to be done, by you in good faith and in the best interests of Intel.

With respect to any determination of “Cause” under this Agreement, Intel will act fairly, and cannot terminate you “for Cause” unless Intel determines there is clear and convincing evidence of your actions constituting “Cause” as defined herein.

Notwithstanding the foregoing, you and Intel expressly agree that Intel does not expect, and will not require, you to engage in any activities that would violate your existing obligations to any prior employer to maintain the confidentiality of such employer’s proprietary business information.  If you refuse or fail to carry out any instruction by the Chief Executive Officer or Intel’s Board of Directors because of such existing obligations, your refusal or failure will not constitute Cause for termination.

New Hire Equity Grant. As an employee of Intel, we would like you to share in the success of Intel Corporation through the company's stock benefit program. Therefore, we are pleased to recommend that you be granted an award of $9,500,000 of Restricted Stock Units (RSUs). The RSUs will be granted on the first regularly scheduled grant date after your employment start date (“New Hire Grant Date”), currently expected to be in October 2016 if start date occurs before October 15^th 2016. The RSUs will vest over a three year period: 1/3 of the RSUs vesting per year beginning on the one-year anniversary of the grant date and continuing each year such that the grant is fully vested on the three-year anniversary of grant date. The RSUs will be subject to the terms and conditions of the Intel Corporation 2006 Equity Incentive Plan, the Notice of Grant for each award, and grant agreement linked to your Notice of Grant.

Focal Equity Grants. Each January, you will be eligible for equity awards based on your job performance and contributions to Intel as part of Intel’s annual performance evaluation process (“Focal”). The target valuation for your annual equity award is expected to be $6,500,000. Equity awards will be recommended to be in the form of RSUs and Outperformance Stock Units (OSUs) and will be subject to the terms and conditions of the Intel Corporation 2006

Equity Incentive Plan, the Notice of Grant for each award and the grant agreement linked to your Notice of Grant. We anticipate the split will be 40 percent RSUs and 60 percent OSUs, but the exact split is subject to approval by Intel’s Board of Directors.

Comprehensive Benefits. Intel provides a very competitive benefits package for its eligible employees. You will be eligible for our medical, dental, vision, short-term and long term disability and life insurance programs. In addition, we offer an employee Stock Purchase Plan, 401(k) Plan (with annual employer funded contribution), deferred compensation plan, and financial counseling services.

You will be eligible for 4 weeks of vacation and 10 standard company holidays each year as well as an eight-week fully-paid sabbatical leave after every seven years of eligible employment, or a four-week sabbatical after 4 years of eligible employment. Of course, each of these benefits is subject to the terms and conditions of the benefit program and plans, including waiting periods for some.

Outside Activities during Employment. During your employment, you shall devote your full business efforts and time to Intel. This obligation, however, shall not preclude you from engaging in appropriate civic, charitable or religious activities, as long as they do not materially interfere with your job. Any outside activities, including serving on a Board of Directors, must be in compliance with Intel’s Code of Conduct.

Company Policies/Protection of Intellectual Property. Your employment is contingent on your signing an Employment Agreement, which outlines your obligations as an employee, including among others your obligation to protect Intel’s intellectual property (as well as confidential information of your prior employers and other third parties). You will be expected to abide by the Company’s policies and procedures, including without limitation Intel’s Employment Guidelines and Code of Conduct. You can review a copy of the Employment Agreement at www.intel.com/jobs/offer and selecting “Employment Forms.”

At-Will Employment. Your employment with Intel is “at will,” which means that both Intel and you have the right to end your employment at any time, with or without advance notice, and with or without cause. The at-will nature of your employment may not be modified or amended except by written agreement signed by Intel’s SVP of Human Resources and you.

Position of Trust Background Check/Work Eligibility. Because of the importance of your position, this offer is contingent upon the successful completion of a Position of Trust background check and successful reference check. You represent that all information provided to Intel or its agents with regard to your background is true and correct. As a further condition of employment, you are required by law, to provide appropriate documentation of your legal right to work in the United States. A “List of Acceptable Employment Verification Documents” is available at www.intel.com/jobs/offer.

Entire Agreement. This offer letter including the referenced documents forms the entire agreement between you and Intel and replaces all prior communications on matters related to employment at Intel.

Intel is truly an inspirational place to work. The Intel family is overflowing with creative drive, deep expertise, perseverance, and passion, and we are thrilled you are joining the team. We hope you’ll find working at Intel to be one of the most rewarding experiences of your life, both professionally and personally.

Once you have accepted this offer, you will be contacted via a separate email with regard to your first day and overall integration with immediate availability to VIP services, including a dedicated point of contact for all HR benefits, services, and executive compensation programs.

In the meantime, should you have any questions please call Richard at ###-###-#### or Brit Wittman at ###-###-####.

Sincerely,

/s/ Brian Krzanich

Brian Krzanich

CEO

Accepted and Agreed:

/s/ Robert Swan	9/15/16
Robert Swan	Date

EX-10.2

Exhibit 10.2

FORM OF INDEMNIFICATION AGREEMENT

THIS AGREEMENT is entered into, effective as of [EFFECTIVE DATE], between INTEL CORPORATION, a Delaware corporation (the “Company”) and [INDEMNITEE] (“Indemnitee”).

WHEREAS, it is essential to the Company to retain and attract as directors, officers and employees the most capable persons available;

WHEREAS, Indemnitee is a director, and/or officer, and/or employee of the Company or is serving with another enterprise at the Company’s request;

WHEREAS, both the Company and Indemnitee recognize the increased risk of litigation and other claims currently being asserted against directors, officers and employees of corporations; and

WHEREAS, in recognition of Indemnitee’s need for substantial protection against personal liability in order to enhance Indemnitee’s continued and effective service to the Company, and in order to induce Indemnitee to provide services to the Company as a director, officer or employee, the Company wishes to provide in this Agreement for the indemnification of and the advancing of expenses to Indemnitee to the fullest extent (whether partial or complete) permitted by law and as set forth in this Agreement, and, to the extent insurance is maintained which includes Indemnitee as a covered party, for the coverage of Indemnitee under the Company’s directors’ and officers’ liability insurance policies.

NOW, THEREFORE, in consideration of the above premises and of Indemnitee’s continuing to serve the Company directly or, at its request, with another enterprise, and intending to be legally bound hereby, the parties agree as follows:

1.Certain Definitions.

(a)Board: the Board of Directors of the Company.

(b)Change in Control: shall be deemed to have occurred if (i) any “person” (as such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended), other than a trustee or other fiduciary holding securities under an employee benefit plan of the Company or a corporation owned directly or indirectly by the stockholders of the Company in substantially the same proportions as their ownership of stock of the Company, is or becomes the “Beneficial Owner” (as defined in Rule 13d-3 under said Act), directly or indirectly, of securities of the Company representing 20% or more of the total voting power represented by the Company’s then outstanding Voting Securities, or (ii) during any period of two consecutive years, individuals who at the beginning of such period constitute the Board and any new director whose election by the Board or nomination for election by the Company’s stockholders was approved by a vote of at least two-thirds (2/3) of the directors then still in office who either were directors at the beginning of the period or whose election or nomination for election was previously so approved, cease for any reason to constitute a majority thereof, or (iii) the stockholders of the Company approve a merger or consolidation of the Company with any other corporation, other than a merger or consolidation that would result in the Voting Securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted

into Voting Securities of the surviving entity) at least 80% of the total voting power represented by the Voting Securities of the Company or such surviving entity outstanding immediately after such merger or consolidation, or the stockholders of the Company approve a plan of complete liquidation of the Company or an agreement for the sale or disposition by the Company (in one transaction or a series of transactions) of all or substantially all of the Company’s assets.

(c)Disinterested Director: a director of the Company who is not and was not a party to the Proceeding in respect of which indemnification is sought by Indemnitee.

(d)Expenses: any expense, including without limitation, attorneys’ fees, retainers, court costs, transcript costs, fees and expenses of experts, including accountants and other advisors, travel expenses, duplicating costs, postage, delivery service fees, filing fees, and all other disbursements or expenses of the types typically paid or incurred in connection with investigating, defending, being a witness in, or participating in (including on appeal), or preparing for any of the foregoing in, any Proceeding relating to any Indemnifiable Event, and any expenses of establishing a right to payment under Sections 2, 4 and 5 of this Agreement.

(e)Indemnifiable Event: any event or occurrence that takes place either prior to or after the execution of this Agreement, related to the fact that Indemnitee is or was a director, officer or employee of the Company, or while a director, officer or employee, is or was serving at the request of the Company as a director, officer, employee, trustee, agent, limited partner, member or fiduciary of another foreign or domestic corporation, partnership, joint venture, employee benefit plan, trust, or other enterprise, or was a director, officer, employee, or agent of a foreign or domestic corporation that was a predecessor corporation of the Company or of another enterprise at the request of such predecessor corporation, or related to anything done or not done by Indemnitee in any such capacity, whether or not the basis of the Proceeding is alleged action in an official capacity as a director, officer, employee, or agent or in any other capacity while serving as a director, officer, employee, or agent of the Company, as described above. By entering into this Agreement, Indemnitee is deemed to be serving at the request of the Company, and the Company is deemed to be requesting such service.

(f)Independent Counsel: the person or body appointed in connection with Section 3.

(g)Potential Change in Control: shall be deemed to have occurred if (i) the Company enters into an agreement or arrangement, the consummation of which would result in the occurrence of a Change in Control; (ii) any person (including the Company) publicly announces an intention to take or to consider taking actions that, if consummated, would constitute a Change in Control; (iii) any person (other than a trustee or other fiduciary holding securities under an employee benefit plan of the Company acting in such capacity or a corporation owned, directly or indirectly, by the stockholders of the Company in substantially the same proportions as their ownership of stock of the Company), who is or becomes the Beneficial Owner, directly or indirectly, of securities of the Company representing 10% or more of the combined voting power of the Company’s then outstanding Voting Securities, increases his beneficial ownership of such securities by 5% or more over the percentage so owned by such person on the date hereof, or (iv) the Board adopts a resolution to the effect that, for purposes of this Agreement, a Potential Change in Control has occurred.

(h)Proceeding: any threatened, pending, or completed action, suit, arbitration, alternative dispute mechanism, inquiry, administrative or legislative hearing, investigation or any other actual, threatened or completed proceeding, including any and all appeals, whether conducted by the Company or any other party, whether civil, criminal, administrative, investigative, or other, and in each

case whether or not commenced prior to the date of this Agreement, that relates to an Indemnifiable Event.

(i)Reviewing Party: the person or body appointed in accordance with Section 3.

(j)Voting Securities: any securities of the Company that vote generally in the election of directors.

2.Agreement to Indemnify.

(a)General Agreement. In the event Indemnitee was, is, or becomes a party to or witness or other participant in, or is threatened to be made a party to or witness or other participant in, a Proceeding by reason of (or arising in part out of) an Indemnifiable Event, the Company shall indemnify Indemnitee from and against any and all Expenses, liability or loss, judgments, fines, ERISA excise taxes and penalties, amounts paid or to be paid in settlement, any interest, assessments, or other charges imposed thereon, and any federal, state, local, or foreign taxes imposed as a result of the actual or deemed receipt of any payments under this Agreement, to the fullest extent permitted by applicable law, as the same exists or may hereafter be amended or interpreted (but in the case of any such amendment or interpretation, only to the extent that such amendment or interpretation permits the Company to provide broader indemnification rights than were permitted prior thereto). The parties hereto intend that this Agreement shall provide for indemnification in excess of that expressly permitted by statute.

(b)Initiation of Proceeding. Notwithstanding anything in this Agreement to the contrary, Indemnitee shall not be entitled to indemnification or advancement pursuant to this Agreement in connection with any Proceeding initiated by Indemnitee against the Company or any director or officer of the Company unless (i) the Company has joined in or the Board has consented to the initiation of such Proceeding; (ii) the Proceeding is one to enforce rights under Section 5; or (iii) the Proceeding is instituted after a Change in Control.

(c)Expense Advances. If so requested by Indemnitee, the Company shall advance any and all Expenses to Indemnitee (an “Expense Advance”) within thirty (30) calendar days after the receipt by the Company of a statement or statements from Indemnitee requesting such advance or advances, whether prior to or after final disposition of any Proceeding. Advances shall be made without regard to Indemnitee’s ability to repay the Expenses and without regard to Indemnitee’s ultimate entitlement to indemnification under the provisions of this Agreement. The Indemnitee shall qualify for advances solely upon the execution and delivery to the Company of an undertaking in form and substance reasonably satisfactory to the Company providing that the Indemnitee undertakes to repay the advance if and to the extent that it is ultimately determined that Indemnitee is not entitled to be indemnified by the Company. Advances shall include any and all reasonable Expenses incurred pursuing an action to enforce this right of advancement if requested by Indemnitee, and the Company shall advance such Expenses to Indemnitee on such terms and conditions as the Board of Directors deems appropriate. If Indemnitee has commenced legal proceedings in a court of competent jurisdiction in the State of Delaware to secure a determination that Indemnitee should be indemnified under applicable law, as provided in Section 4, any determination made by the Reviewing Party that Indemnitee would not be permitted to be indemnified under applicable law shall not be binding and Indemnitee shall not be required to reimburse the Company for any Expense Advance until a final judicial determination is made with respect thereto (as to which all rights of appeal therefrom have been exhausted or have lapsed). Indemnitee’s obligation to reimburse the Company for Expense Advances shall be unsecured and no interest shall be charged thereon except as otherwise determined by the Board in an action to enforce a right of advancement.

(d)Mandatory Indemnification. Notwithstanding any other provision of this Agreement, to the extent that Indemnitee has been successful on the merits or otherwise in defense of any Proceeding relating in whole or in part to an Indemnifiable Event or in defense of any issue or matter therein, Indemnitee shall be indemnified against all Expenses incurred in connection therewith.

(e)Partial Indemnification. If Indemnitee is entitled under any provision of this Agreement to indemnification by the Company for some or a portion of Expenses, but not, however, for the total amount thereof, the Company shall nevertheless indemnify Indemnitee for the portion thereof to which Indemnitee is entitled.

3.Reviewing Party.

(a)Prior to any Change in Control, the person, persons or entity (“the Reviewing Party”) who shall determine whether Indemnitee is entitled to indemnification in the first instance shall be (a) the Board of Directors of the Company acting by a majority vote of Disinterested Directors, whether or not such majority constitutes a quorum of the Board of Directors; (b) a committee of Disinterested Directors designated by a majority vote of such directors, whether or not such majority constitutes a quorum; or (c) if there are no Disinterested Directors, or if the Disinterested Directors so direct, by Independent Counsel (as described below in Section 3(b)) in a written determination to the Board of Directors, a copy of which shall be delivered to Indemnitee.

(b)After a Change in Control, the Reviewing Party shall be the Independent Counsel referred to below. With respect to all matters arising from a Change in Control (other than a Change in Control approved by a majority of the directors on the Board who were directors immediately prior to such Change in Control) concerning the rights of Indemnitee to indemnity payments and Expense Advances under this Agreement or any other agreement or under applicable law or the Company’s articles of incorporation or by-laws now or hereafter in effect relating to indemnification for Indemnifiable Events, the Company shall seek legal advice only from Independent Counsel selected by Indemnitee and approved by the Company (which approval shall not be unreasonably withheld), and who has not otherwise performed services for the Company or the Indemnitee (other than in connection with indemnification matters) within the last five years. The Independent Counsel shall not include any person who, under the applicable standards of professional conduct then prevailing, would have a conflict of interest in representing either the Company or Indemnitee in an action to determine Indemnitee’s rights under this Agreement. Such counsel, among other things, shall determine whether Indemnitee is entitled to indemnification and render its written determination to the Company and Indemnitee. The Company agrees to pay the reasonable fees of the Independent Counsel and to indemnify fully such counsel against any and all expenses (including attorneys’ fees), claims, liabilities, loss, and damages arising out of or relating to this Agreement or the engagement of Independent Counsel pursuant hereto.

4.Indemnification Process and Appeal.

(a)Indemnification Payment. Indemnitee shall be entitled to indemnification of Expenses, and shall receive payment thereof, from the Company in accordance with this Agreement within thirty (30) calendar days after Indemnitee has made written demand on the Company for indemnification (which written demand shall include such documentation and information as is reasonably available to Indemnitee and is reasonably necessary to determine whether and to what extent Indemnitee is entitled to indemnification), unless the Reviewing Party has provided a written determination to the Company that Indemnitee is not entitled to indemnification under applicable law. The Reviewing Party making the determination with respect to Indemnitee’s entitlement to

indemnification shall notify Indemnitee of such written determination no later than two (2) business days thereafter.

(b)Suit to Enforce Rights. If (i) no determination of entitlement to indemnification shall have been made within thirty (30) calendar days after Indemnitee has made a demand in accordance with Section 4(a), (ii) payment of indemnification pursuant to Section 4(a) is not made within thirty (30) calendar days after a determination has been made that Indemnitee is entitled to indemnification, (iii) the Reviewing Party determines pursuant to Section 3 that Indemnitee is not entitled to indemnification under this Agreement, or (iv) Indemnitee has not received advancement of Expenses within thirty (30) calendar days after making such a request in accordance with Section 2(c), then Indemnitee shall have the right to enforce its rights under this Agreement by commencing litigation in any court of competent jurisdiction in the State of Delaware seeking an initial determination by the court or challenging any determination by the Reviewing Party or any aspect thereof. The Company hereby consents to service of process and to appear in any such proceeding. Any determination by the Reviewing Party not challenged by the Indemnitee on or before the first anniversary of the date of the Reviewing Party’s determination shall be binding on the Company and Indemnitee. The remedy provided for in this Section 4 shall be in addition to any other remedies available to Indemnitee in law or equity.

(c)Defense to Indemnification, Burden of Proof, and Presumptions.

(i)To the maximum extent permitted by applicable law in making a determination with respect to entitlement to indemnification hereunder, the Reviewing Party shall presume that an Indemnitee is entitled to indemnification under this Agreement if Indemnitee has submitted a request for indemnification in accordance with Section 4(a) of this Agreement, and the Company shall have the burden of proof to overcome that presumption in connection with the making by the Reviewing Party of any determination contrary to that presumption.

(ii)It shall be a defense to any action brought by Indemnitee against the Company to enforce this Agreement (other than an action brought to enforce a claim for Expenses incurred in defending a Proceeding in advance of its final disposition where the required undertaking has been tendered to the Company) that it is not permissible under applicable law for the Company to indemnify Indemnitee for the amount claimed.

(iii)In connection with any action brought pursuant to Section 4(c)(ii) as to whether Indemnitee is entitled to be indemnified or to receive an Expense Advance hereunder, it shall be presumed that an Indemnitee is entitled to payment and the burden of proving Indemnitee is not entitled to payment under this Agreement shall be on the Company.

(iv)Neither the failure of the Reviewing Party or the Company (including its Board, independent legal counsel, or its stockholders) to have made a determination prior to the commencement of such action by Indemnitee that indemnification of the claimant is proper under the circumstances because Indemnitee has met the standard of conduct set forth in applicable law, nor an actual determination by the Reviewing Party or Company (including its Board, independent legal counsel, or its stockholders) that the Indemnitee had not met such applicable standard of conduct, shall be admissible as evidence in any such action for any purpose.

(v)For purposes of this Agreement, the termination of any claim, action, suit, or proceeding, by judgment, order, settlement (whether with or without court approval), conviction, or upon a plea of nolo contendere, or its equivalent, shall not create a presumption that Indemnitee did not meet

any particular standard of conduct or have any particular belief or that a court has determined that indemnification is not permitted by applicable law.

5.Indemnification for Expenses Incurred in Enforcing Rights. To the maximum extent permitted by applicable law, the Company shall indemnify Indemnitee against any and all Expenses and, if requested by Indemnitee, shall advance such Expenses to Indemnitee on such terms and conditions as the Board of Directors deems appropriate, that are incurred by Indemnitee in connection with any claim asserted against or action brought by Indemnitee for

(i)enforcement of this Agreement,

(ii)indemnification of Expenses or Expense Advances by the Company under this Agreement or any other agreement or under applicable law or the Company’s articles of incorporation or by-laws now or hereafter in effect relating to indemnification for Indemnifiable Events, and/or

(iii)recovery under directors’ and officers’ liability insurance policies maintained by the Company.

6.Notification and Defense of Proceeding.

(a)Notice. Promptly after receipt by Indemnitee of notice of the commencement of any Proceeding, Indemnitee will, if a claim in respect thereof is to be made against the Company under this Agreement, notify the Company of the commencement thereof; but the omission so to notify the Company will not relieve it from any liability that it may have to Indemnitee, except as provided in Section 6(c).

(b)Defense. With respect to any Proceeding as to which Indemnitee notifies the Company of the commencement thereof, the Company will be entitled to participate in the Proceeding at its own expense and except as otherwise provided below, to the extent the Company so wishes, it may assume the defense thereof with counsel reasonably satisfactory to Indemnitee. After notice from the Company to Indemnitee of its election to assume the defense of any Proceeding, the Company will not be liable to Indemnitee under this Agreement or otherwise for any Expenses subsequently incurred by Indemnitee in connection with the defense of such Proceeding other than reasonable costs of investigation or as otherwise provided below. Indemnitee shall have the right to employ his own counsel in such Proceeding, but all Expenses related thereto incurred after notice from the Company of its assumption of the defense shall be at Indemnitee’s expense unless: (i) the employment of counsel by Indemnitee has been authorized by the Company, (ii) Indemnitee has reasonably determined that there may be a conflict of interest between Indemnitee and the Company in the defense of the Proceeding, (iii) after a Change in Control, the employment of counsel by Indemnitee has been approved by the Independent Counsel, or (iv) the Company shall not within sixty (60) calendar days in fact have employed counsel to assume the defense of such Proceeding, in each of which case all Expenses of the Proceeding shall be borne by the Company; and (v) if the Company has selected counsel to represent Indemnitee and other current and former directors, officers and employees of the Company in the defense of a Proceeding, and a majority of such persons, including Indemnitee, reasonably object to such counsel selected by the Company pursuant to this Section 6(b), then such persons, including Indemnitee, shall be permitted to employ one (1) additional counsel of their choice and the reasonable fees and expenses of such counsel shall be at the expense of the Company; provided, however, that such counsel shall be chosen from amongst the list of counsel, if any, approved by any company with which the Company obtains or maintains insurance. In

the event separate counsel is retained by an Indemnitee pursuant to this Section 6(b), the Company shall cooperate with Indemnitee with respect to the defense of the Proceeding, including making documents, witnesses and other reasonable information related to the defense available to the Indemnitee and such separate counsel pursuant to joint-defense agreements or confidentiality agreements, as appropriate. The Company shall not be entitled to assume the defense of any Proceeding brought by or on behalf of the Company or as to which Indemnitee shall have made the determination provided for in (ii) above.

(c)Settlement of Claims. The Company shall not be liable to indemnify Indemnitee under this Agreement or otherwise for any amounts paid in settlement of any Proceeding effected without the Company’s written consent, provided, however, that if a Change in Control has occurred, the Company shall be liable for indemnification of Indemnitee for amounts paid in settlement if the Independent Counsel has approved the settlement. The Company shall not settle any Proceeding in any manner that would impose any penalty or limitation on Indemnitee without Indemnitee’s written consent. Neither the Company nor the Indemnitee will unreasonably withhold their consent to any proposed settlement. The Company shall not be liable to indemnify the Indemnitee under this Agreement with regard to any judicial award if the Company was not given a reasonable and timely opportunity, at its expense, to participate in the defense of such action; the Company’s liability hereunder shall not be excused if participation in the Proceeding by the Company was barred by this Agreement.

7.Establishment of Trust. In the event of a Change in Control or a Potential Change in Control, the Company shall, upon written request by Indemnitee, create a Trust for the benefit of the Indemnitee and from time to time upon written request of Indemnitee shall fund the Trust in an amount sufficient to satisfy any and all Expenses reasonably anticipated at the time of each such request to be incurred in connection with investigating, preparing for, participating in, and/or defending any Proceeding relating to an Indemnifiable Event. The amount or amounts to be deposited in the Trust pursuant to the foregoing funding obligation shall be determined by the Reviewing Party. The terms of the Trust shall provide that upon a Change in Control, (i) the Trust shall not be revoked or the principal thereof invaded, without the written consent of the Indemnitee, (ii) the Trustee shall advance, within ten business days of a request by the Indemnitee, any and all Expenses to the Indemnitee (and the Indemnitee hereby agrees to reimburse the Trust under the same circumstances for which the Indemnitee would be required to reimburse the Company under Section 2(c) of this Agreement), (iii) the Trust shall continue to be funded by the Company in accordance with the funding obligation set forth above, (iv) the Trustee shall promptly pay to the Indemnitee all amounts for which the Indemnitee shall be entitled to indemnification pursuant to this Agreement or otherwise, and (v) all unexpended funds in the Trust shall revert to the Company upon a final determination by the Reviewing Party or a court of competent jurisdiction, as the case may be, that the Indemnitee has been fully indemnified under the terms of this Agreement. The Trustee shall be chosen by the Indemnitee. Nothing in this Section 7 shall relieve the Company of any of its obligations under this Agreement. All income earned on the assets held in the Trust shall be reported as income by the Company for federal, state, local, and foreign tax purposes. The Company shall pay all costs of establishing and maintaining the Trust and shall indemnify the Trustee against any and all expenses (including attorneys’ fees), claims, liabilities, loss, and damages arising out of or relating to this Agreement or the establishment and maintenance of the Trust.

8.Non-Exclusivity. The rights of Indemnitee hereunder shall be in addition to any other rights Indemnitee may have under the laws of the State of Delaware, the Company’s articles of incorporation, by-laws, applicable law, or otherwise. To the extent that a change in applicable law (whether by statute or judicial decision) permits greater indemnification by agreement than would be afforded currently under the Company’s articles of incorporation, by-laws, applicable law, or this

Agreement, it is the intent of the parties that Indemnitee enjoy by this Agreement the greater benefits so afforded by such change.

9.Liability Insurance. To the extent the Company maintains an insurance policy or policies providing directors’ or officers’ liability insurance, Indemnitee, if a director or officer of the Company, shall be covered by such policy or policies, in accordance with its or their terms.

10.Period of Limitations. No legal action shall be brought and no cause of action shall be asserted by or on behalf of the Company or any affiliate of the Company against Indemnitee, Indemnitee’s spouse, heirs, executors, or personal or legal representatives after the expiration of two years from the date of accrual of such cause of action, or such longer period as may be required or permitted by federal or state law under the circumstances. Any claim or cause of action of the Company or its affiliate shall be extinguished and deemed released unless asserted by the timely filing of a legal action within such period; provided, however, that if any shorter period of limitations is otherwise applicable to any such cause of action the shorter period shall govern.

11.Amendment of this Agreement. No supplement, modification, or amendment of this Agreement shall be binding unless executed in writing by both of the parties hereto. No waiver of any of the provisions of this Agreement shall operate as a waiver of any other provisions hereof (whether or not similar), nor shall such waiver constitute a continuing waiver. Except as specifically provided herein, no failure to exercise or any delay in exercising any right or remedy hereunder shall constitute a waiver thereof. This Agreement shall supersede and replace any prior indemnification agreements entered into by and between the Company and Indemnitee and any such prior agreements shall be terminated upon execution of this Agreement.

12.Subrogation. In the event of payment under this Agreement, the Company shall be subrogated to the extent of such payment to all of the rights of recovery of Indemnitee, who shall execute all papers required and shall do everything that may be necessary to secure such rights, including the execution of such documents necessary to enable the Company effectively to bring suit to enforce such rights.

13.No Duplication of Payments. The Company shall not be liable under this Agreement to make any payment in connection with any claim made against Indemnitee to the extent Indemnitee has otherwise actually received payment (under any insurance policy, by law, or otherwise) of the amounts otherwise indemnifiable hereunder.

14.Binding Effect. This Agreement shall be binding upon and inure to the benefit of and be enforceable by the parties hereto and their respective successors, assigns, including any direct or indirect successor by purchase, merger, consolidation, or otherwise to all or substantially all of the business and/or assets of the Company, spouses, heirs, and personal and legal representatives. The Company shall require and cause any successor (whether direct or indirect by purchase, merger, consolidation, or otherwise) to all, substantially all, or a substantial part, of the business and/or assets of the Company, by written agreement in form and substance satisfactory to Indemnitee, expressly to assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform if no such succession had taken place. This Agreement shall continue in effect regardless of whether Indemnitee continues to serve as a director, officer or employee of the Company or of any other enterprise at the Company’s request.

15.Severability. If any provision (or portion thereof) of this Agreement shall be held by a court of competent jurisdiction to be invalid, void, or otherwise unenforceable, the remaining provisions shall remain enforceable to the fullest extent permitted by law. Furthermore, to the fullest extent possible, the provisions of this Agreement (including, without limitation, each portion of this Agreement containing any provision held to be invalid, void, or otherwise unenforceable, that is not itself invalid, void, or unenforceable) shall be construed so as to give effect to the intent manifested by the provision held invalid, void, or unenforceable.

16.Governing Law. This Agreement shall be governed by and construed and enforced in accordance with the laws of the State of Delaware applicable to contracts made and to be performed in such State without giving effect to the principles of conflicts of laws.

17.Notices. All notices, demands, and other communications required or permitted hereunder shall be made in writing and shall be deemed to have been duly given if delivered by hand, against receipt, or sent by overnight delivery, or mailed, postage prepaid, certified or registered mail, return receipt requested, and addressed to the Company at the location below, or if sent by email to the recipient indicated below:

Intel Corporation

2200 Mission College Blvd., RNB4-151

Santa Clara, California 95054

Attn: Corporate Secretary

and to Indemnitee at an address or email provided by Indemnitee to the Company.

Notice of change of address shall be effective only when done in accordance with this Section. All notices complying with this Section shall be deemed to have been received on the date of delivery or on the third business day after mailing.

18.Signature. This Agreement and any amendments may be executed in one or more counterparts, all of which shall be considered one and the same agreement. Any such counterpart, to the extent delivered by fax or .pdf, .tif, .gif, .jpg or similar attachment to email will be treated in all manner and respects as an original executed counterpart and shall be considered to have the same binding legal effect as if it were the original signed version thereof delivered in person.

IN WITNESS WHEREOF, the parties hereto have duly executed and delivered this Agreement as of the day specified above.

Company:	Intel Corporation, a Delaware corporation
Indemnitee:	By:_____________________ Printed Name: Its: ________________________ Printed Name: [INDEMNITEE]

102065894.5

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)		Oct 1, 2016			Sep 26, 2015
Earnings1		$	8,557		$	10,128
Adjustments:
	Add - Fixed charges	686			435
	Subtract - Capitalized interest	(82		)	(202		)
Earnings and fixed charges (net of capitalized interest)		$	9,161		$	10,361
Fixed charges:
	Interest2	$	575		$	211
	Capitalized interest	82			202
	Estimated interest component of rental expense	29			22
Total		$	686		$	435
Ratio of earnings before taxes and fixed charges, to fixed charges		13x			24x

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 31, 2016	By:	/s/ BRIAN M. KRZANICH
			Brian M. Krzanich Chief Executive Officer

EX-31.2

Exhibit 31.2

CERTIFICATION

I, Robert H. Swan, 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 31, 2016	By:	/s/ ROBERT H. SWAN
			Robert H. Swan 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 October 1, 2016, 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 31, 2016	By:	/s/ BRIAN M. KRZANICH
			Brian M. Krzanich Chief Executive Officer
Date:	October 31, 2016	By:	/s/ ROBERT H. SWAN
			Robert H. Swan Executive Vice President, Chief Financial Officer, and Principal Accounting Officer

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Document and Entity Information shares in Millions	9 Months Ended
	Oct. 01, 2016 shares
Document and Entity Information [Abstract]
Entity Registrant Name	Intel Corp
Entity Central Index Key	0000050863
Company Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Oct. 01, 2016
Document Fiscal Year Focus	2016
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Common Stock Shares Outstanding	4,739

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Consolidated Condensed Statements of Income - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Oct. 01, 2016	Sep. 26, 2015	Oct. 01, 2016	Sep. 26, 2015
Income Statement [Abstract]
Net revenue	$ 15,778	$ 14,465	$ 43,013	$ 40,441
Cost of sales	5,795	5,354	16,927	15,352
Gross margin	9,983	9,111	26,086	25,089
Research and development	3,069	2,927	9,460	9,009
Marketing, general and administrative	2,006	1,910	6,239	5,812
Restructuring and other charges	372	14	1,786	367
Amortization of acquisition-related intangibles	74	68	253	198
Operating expenses	5,521	4,919	17,738	15,386
Operating income	4,462	4,192	8,348	9,703
Gains (losses) on equity investments, net	(12)	165	488	297
Interest and other, net	(132)	(104)	(340)	(91)
Income before taxes	4,318	4,253	8,496	9,909
Provision for taxes	940	1,144	1,742	2,102
Net income	$ 3,378	$ 3,109	$ 6,754	$ 7,807
Basic earnings per share of common stock (in dollars per share)	$ 0.71	$ 0.65	$ 1.43	$ 1.64
Diluted earnings per share of common stock (in dollars per share)	0.69	0.64	1.39	1.59
Cash dividends declared per share of common stock (in dollars per share)	$ 0.52	$ 0.48	$ 1.04	$ 0.96
Weighted average shares of common stock outstanding:
Basic (shares)	4,734	4,747	4,728	4,749
Diluted (shares)	4,877	4,876	4,872	4,900

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Consolidated Condensed Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 01, 2016	Sep. 26, 2015	Oct. 01, 2016	Sep. 26, 2015
Statement of Comprehensive Income [Abstract]
Net income	$ 3,378	$ 3,109	$ 6,754	$ 7,807
Other comprehensive income, net of tax:
Change in net unrealized holding gains (losses) on available-for-sale investments	412	(1,029)	357	(943)
Change in deferred tax asset valuation allowance	(2)	(5)	(5)	(13)
Change in net unrealized holding gains (losses) on derivatives	61	42	274	89
Change in net prior service (costs) credits	1	2	4	6
Change in actuarial valuation	10	11	(289)	30
Change in net foreign currency translation adjustment	(2)	(1)	(1)	(170)
Other comprehensive income (loss)	480	(980)	340	(1,001)
Total comprehensive income	$ 3,858	$ 2,129	$ 7,094	$ 6,806

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Consolidated Condensed Balance Sheets - USD ($) $ in Millions	Oct. 01, 2016	Dec. 26, 2015
Current assets:
Cash and cash equivalents	$ 4,752	$ 15,308
Short-term investments	3,270	2,682
Trading assets	9,747	7,323
Accounts receivable, net	4,952	4,787
Inventories	5,783	5,167
Assets held for sale	5,100	71
Other current assets	2,612	2,982
Total current assets	36,216	38,320
Property, plant and equipment, net of accumulated depreciation of $54,060 ($51,538 as of December 26, 2015)	34,707	31,858
Marketable equity securities	6,022	5,960
Other long-term investments	4,189	1,891
Goodwill	13,868	11,332
Identified intangible assets, net	9,524	3,933
Other long-term assets	7,691	8,165
Total assets	112,217	101,459
Current liabilities:
Short-term debt	3,573	2,634
Accounts payable	3,181	2,063
Accrued compensation and benefits	3,110	3,138
Accrued advertising	820	960
Deferred income	1,724	2,188
Liabilities held for sale	1,881	56
Other accrued liabilities	5,804	4,607
Total current liabilities	20,093	15,646
Long-term debt	24,043	20,036
Long-term deferred tax liabilities	1,211	954
Other long-term liabilities	2,869	2,841
Contingencies (Note 22)
Temporary equity	886	897
Stockholders’ equity:
Preferred stock	0	0
Common stock and capital in excess of par value, 4,739 issued and outstanding (4,725 issued and outstanding as of December 26, 2015)	25,070	23,411
Accumulated other comprehensive income (loss)	400	60
Retained earnings	37,645	37,614
Total stockholders’ equity	63,115	61,085
Total liabilities, temporary equity, and stockholders’ equity	$ 112,217	$ 101,459

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Consolidated Condensed Balance Sheets (Parenthetical) - USD ($) shares in Millions, $ in Millions	Oct. 01, 2016	Dec. 26, 2015
Assets
Accumulated depreciation	$ 54,060	$ 51,538
Stockholders’ equity:
Common stock, shares issued	4,739	4,725
Common stock, shares outstanding	4,739	4,725

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Consolidated Condensed Statements of Cash Flows - USD ($) $ in Millions	9 Months Ended
	Oct. 01, 2016	Sep. 26, 2015
Statement of Cash Flows [Abstract]
Cash and cash equivalents, beginning of period	$ 15,308	$ 2,561
Cash flows provided by (used for) operating activities:
Net income	6,754	7,807
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	4,684	5,885
Share-based compensation	1,136	1,009
Restructuring and other charges	1,786	367
Excess tax benefit from share-based payment arrangements	(111)	(139)
Amortization of intangibles	1,176	680
(Gains) losses on equity investments, net	(414)	(245)
Deferred taxes	(188)	(1,093)
Changes in assets and liabilities:
Accounts receivable	(100)	332
Inventories	(118)	(640)
Accounts payable	188	(86)
Accrued compensation and benefits	(1,874)	(1,217)
Income taxes payable and receivable	961	774
Other assets and liabilities	(222)	156
Total adjustments	6,904	5,783
Net cash provided by operating activities	13,658	13,590
Cash flows provided by (used for) investing activities:
Additions to property, plant and equipment	(6,095)	(4,998)
Acquisitions, net of cash acquired	(15,151)	(538)
Purchases of available-for-sale investments	(7,962)	(7,522)
Sales of available-for-sale investments	3,793	1,040
Maturities of available-for-sale investments	4,928	2,153
Purchases of trading assets	(9,953)	(7,943)
Maturities and sales of trading assets	7,867	10,465
Investments in loans receivable and reverse repurchase agreements	(223)	(2,550)
Collection of loans receivable and reverse repurchase agreements	911	466
Investments in non-marketable equity investments	(893)	(1,864)
Other investing	405	380
Net cash used for investing activities	(22,373)	(10,911)
Cash flows provided by (used for) financing activities:
Increase (decrease) in short-term debt, net	426	(473)
Excess tax benefit from share-based payment arrangements	111	139
Issuance of long-term debt, net of issuance costs	2,734	7,986
Proceeds from sales of common stock through employee equity incentive plans	1,024	696
Repurchase of common stock	(2,054)	(2,476)
Restricted stock unit withholdings	(434)	(416)
Payment of dividends to stockholders	(3,692)	(3,423)
Collateral associated with repurchase of common stock	0	325
Decrease in liability due to return of collateral associated with repurchase of common stock	0	(325)
Other financing	44	(209)
Net cash provided by (used for) financing activities	(1,841)	1,824
Effect of exchange rate fluctuations on cash and cash equivalents	0	1
Net increase (decrease) in cash and cash equivalents	(10,556)	4,504
Cash and cash equivalents, end of period	4,752	7,065
Supplemental disclosures of noncash investing activities and cash flow information:
Acquisition of property, plant, and equipment included in accounts payable and accrued liabilities	1,505	460
Interest, net of capitalized interest and interest rate swap payments/receipts	472	60
Income taxes, net of refunds	$ 843	$ 2,301

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Basis of Presentation

9 Months Ended

Oct. 01, 2016

Organization, Consolidation and Presentation of Financial Statements [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 fiscal year ended December 26, 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 2015 was a 52-week year. Fiscal year 2016 is a 53-week fiscal year, and the first quarter of 2016 was a 14-week quarter.

In the first quarter of 2016, we completed the acquisition of Altera Corporation (Altera). For further information, see "Note 8: Acquisitions and Divestitures."

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 26, 2015.

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Change in Accounting Estimate

9 Months Ended

Oct. 01, 2016

Change in Accounting Estimate [Abstract]

Accounting Changes [Text Block]

Note 2: Change in Accounting Estimate

During our 2015 annual assessment of the useful lives of our property, plant, and equipment, we determined that the useful lives of machinery and equipment in our wafer fabrication facilities should be increased from 4 to 5 years. This change in estimate was applied prospectively, effective at the beginning of the first quarter of 2016. During the three months endedOctober 1, 2016, this change increased our operating income by approximately $425 million, our net income by approximately $300 million, and our diluted earnings per share by approximately $0.06. During the nine months endedOctober 1, 2016, this change increased our operating income by approximately $925 million, our net income by approximately $650 million, and our diluted earnings per share by approximately $0.13.

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Recent Accounting Standards

9 Months Ended

Oct. 01, 2016

New Accounting Pronouncements and Changes in Accounting Principles [Abstract]

Recent Accounting Standards [Text Block]

Note 3: Recent Accounting Standards

Accounting Standards Adopted

Deferred Tax Classification. In the first quarter of 2016, we elected to early adopt an amended standard requiring that we classify all deferred tax assets and liabilities as non-current on the consolidated condensed balance sheet instead of separating deferred taxes into current and non-current. The amended standard was adopted on a retrospective basis. As a result of the adoption, we made the following adjustments to the consolidated condensed 2015 balance sheet: a $2.0 billion decrease to current deferred tax assets, a $430 million increase to non-current deferred tax assets, a $21 million decrease to current deferred tax liabilities, and a decrease of $1.6 billion to non-current deferred tax liabilities.

Business Combinations. In the first quarter of 2016, we adopted an amended standard requiring that we recognize the effect on earnings of any adjustments identified during the measurement period after an acquisition in the same period the adjustment is identified, as opposed to the prior standard which required material adjustments be retrospectively adjusted. The standard did not have a significant impact on our consolidated condensed financial statements.

Accounting Standards Not Yet Adopted

Revenue Recognition.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; accordingly, 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.

Financial Instruments - Classification and Measurement. In January 2016, the FASB issued changes to the accounting for financial instruments that primarily affect equity investments, financial liabilities under the fair value option, and the presentation and disclosure requirements. This standard is effective for us beginning in the first quarter of 2018; certain provisions allow for early adoption and we are evaluating whether we will do so. The new standard should be applied by means of a cumulative-effect adjustment to the balance sheet as of the beginning of the fiscal year of adoption, with certain exceptions. We have not yet determined the impact of the new standard on our consolidated condensed financial statements.

Financial Instruments - Credit Losses. In June 2016, the FASB issued a new standard requiring measurement and recognition of expected credit losses on certain types of financial instruments. It also modifies the impairment model for available-for-sale debt securities and provides for a simplified accounting model for purchased financial assets with credit deterioration since their origination. This standard is effective for us in the first quarter of 2020; early adoption is permitted beginning in the first quarter of 2019 and we are evaluating whether we will early adopt. It is required to be applied on a modified-retrospective approach with certain elements being adopted prospectively. We have not yet determined the impact of the new standard on our consolidated condensed financial statements.

Leases. In February 2016, the FASB issued a new lease accounting standard requiring that we recognize lease assets and liabilities on the balance sheet. This standard is effective for us beginning in the first quarter of 2019; early adoption is permitted and we are evaluating whether we will do so. The new standard must be adopted using a modified retrospective transition which includes certain practical expedients. We have not yet determined the impact of the new standard on our consolidated condensed financial statements.

Share-Based Compensation. In March 2016, the FASB issued an accounting standard update aimed at simplifying the accounting for share-based payment transactions. Included in the update are modifications to the accounting for income taxes upon vesting or settlement of awards, employer tax withholding on share-based compensation, forfeitures, and financial statement presentation of excess tax benefits. This standard is effective for us beginning in the first quarter of 2017 and we will adopt it at that time. We have not yet determined the impact of the new standard on our consolidated condensed financial statements.

Income Taxes - Intra-Entity Asset Transfers. In October 2016, the FASB issued an accounting standard update aimed at recognizing the income tax consequences of intra-entity transfers of assets other than inventory when they occur. This removes the exception to postpone recognition until the asset has been sold to an outside party. This standard is effective for us beginning in the first quarter of 2018, and early adoption is permitted. It is required to be applied on a modified retrospective basis through a cumulative-effect adjustment to the balance sheet as of the beginning of the fiscal year of adoption. We have not yet determined the impact of the new standard on our consolidated condensed financial statements.

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Fair Value

9 Months Ended

Oct. 01, 2016

Fair Value Disclosures [Abstract]

Fair Value [Text Block]

Note 4: 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:

	October 1, 2016								December 26, 2015
	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	$	—	$	113	$	—	$	113	$	—	$	1,829	$	—	$	1,829
Financial institution instruments	1,910		785		—		2,695		8,238		1,277		—		9,515
Government debt	—		50		—		50		—		130		—		130
Reverse repurchase agreements	—		768		—		768		—		2,368		—		2,368
Short-term investments:
Corporate debt	492		823		14		1,329		336		764		20		1,120
Financial institution instruments	195		1,405		—		1,600		145		927		—		1,072
Government debt	93		248		—		341		65		425		—		490
Trading assets:
Asset-backed securities	—		153		7		160		—		275		94		369
Corporate debt	2,273		920		—		3,193		1,744		564		—		2,308
Financial institution instruments	904		675		—		1,579		930		701		—		1,631
Government debt	2,399		2,416		—		4,815		1,107		1,908		—		3,015
Other current assets:
Derivative assets	—		313		—		313		32		412		1		445
Loans receivable	—		292		—		292		—		137		—		137
Marketable equity securities	6,022		—		—		6,022		5,891		69		—		5,960
Other long-term investments:
Asset-backed securities	—		—		—		—		—		—		4		4
Corporate debt	1,063		842		—		1,905		407		801		—		1,208
Financial institution instruments	697		924		—		1,621		171		381		—		552
Government debt	468		195		—		663		79		48		—		127
Other long-term assets:
Derivative assets	—		178		67		245		—		30		10		40
Loans receivable	—		311		—		311		—		342		—		342
Total assets measured and recorded at fair value	16,516		11,411		88		28,015		19,145		13,388		129		32,662
Liabilities
Other accrued liabilities:
Derivative liabilities	—		368		—		368		2		210		—		212
Other long-term liabilities:
Derivative liabilities	—		21		—		21		—		33		—		33
Total liabilities measured and recorded at fair value	$	—	$	389	$	—	$	389	$	2	$	243	$	—	$	245

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 2016, we transferred approximately $508 million of assets from Level 1 to Level 2 of the fair value hierarchy and approximately $401 million of assets from Level 2 to Level 1 ($821 million from Level 1 to Level 2 and $148 million from Level 2 to Level 1 during the first nine months of 2015). These transfers were based on changes in market activity for the underlying instruments. Our policy is to reflect transfers between the fair value hierarchy levels at the beginning of the period.

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 instruments that are traded in less active markets. When observable market prices for identical instruments 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 October 1, 2016 and December 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 October 1, 2016 were $48 million during the third quarter of 2016 and $132 million during the first nine months of 2016 ($27 million during the third quarter of 2015 and $100 million during the first nine months of 2015 on non-marketable equity investments held as of September 26, 2015).

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 net of applicable hedge adjustments; 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:

	October 1, 2016
(In Millions)	Carrying Amount		Fair Value Measured Using						Fair Value
			Level 1		Level 2		Level 3
Grants receivable	$	557	$	—	$	559	$	—	$	559
Loans receivable	$	265	$	—	$	265	$	—	$	265
Non-marketable cost method investments	$	3,157	$	—	$	—	$	4,014	$	4,014
Reverse repurchase agreements	$	250	$	—	$	250	$	—	$	250
Short-term debt	$	3,557	$	2,003	$	2,195	$	—	$	4,198
Long-term debt	$	24,043	$	15,880	$	10,543	$	—	$	26,423

	December 26, 2015
(In Millions)	Carrying Amount		Fair Value Measured Using						Fair Value
			Level 1		Level 2		Level 3
Grants receivable	$	593	$	—	$	600	$	—	$	600
Loans receivable	$	315	$	—	$	315	$	—	$	315
Non-marketable cost method investments	$	2,933	$	—	$	—	$	3,904	$	3,904
Reverse repurchase agreements	$	1,000	$	—	$	1,000	$	—	$	1,000
Short-term debt	$	2,593	$	1,513	$	1,563	$	—	$	3,076
Long-term debt	$	20,036	$	14,058	$	6,835	$	—	$	20,893
NVIDIA Corporation cross-license agreement liability	$	199	$	—	$	200	$	—	$	200

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 October 1, 2016 and December 26, 2015, 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 fair value on a recurring basis. 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/A2 or better for substantially all of our loans receivable and reverse repurchase agreements as of October 1, 2016.

As of October 1, 2016 and December 26, 2015, 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 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), our 2011 senior notes due 2016, our acquired Altera senior notes due 2017, and any commercial paper outstanding. During the third quarter of 2016, the 2009 debentures were classified as short-term debt on the consolidated condensed balance sheets and convertible at the option of the holder during the fourth quarter of 2016. For further information, see "Note 14: Borrowings" and the "Borrowings" note in Part II, Item 8 of our Annual Report on Form 10-K for the year ended December 26, 2015. Our long-term debt is composed of our senior notes and our convertible debentures. The fair value of our senior notes is 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; it is, therefore, classified as Level 2.

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Cash and Investments

9 Months Ended

Oct. 01, 2016

Investments and Cash [Abstract]

Cash and Investments [Text Block]

Note 5: Cash and Investments

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

(In Millions)	Oct 1, 2016		Dec 26, 2015
Available-for-sale investments	$	16,339	$	22,007
Cash	1,126		1,466
Equity method investments	1,508		1,590
Loans receivable	868		794
Non-marketable cost method investments	3,157		2,933
Reverse repurchase agreements	1,018		3,368
Trading assets	9,747		7,323
Total cash and investments	$	33,763	$	39,481

Available-for-Sale Investments

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

	October 1, 2016									December 26, 2015
(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	$	—	$	—	$	—		$	—	$	5	$	—	$	(1	)	$	4
Corporate debt	3,347		8		(8		)	3,347		4,164		3		(10		)	4,157
Financial institution instruments	5,910		7		(1		)	5,916		11,140		1		(2		)	11,139
Government debt	1,051		3		—			1,054		748		—		(1		)	747
Marketable equity securities	2,793		3,230		(1		)	6,022		3,254		2,706		—			5,960
Total available-for-sale investments	$	13,101	$	3,248	$	(10	)	$	16,339	$	19,311	$	2,710	$	(14	)	$	22,007

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. Most time deposits were issued by institutions outside the U.S. as of October 1, 2016 and December 26, 2015.

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 21: Other Comprehensive Income (Loss)."

During the third quarter of 2016, we sold available-for-sale investments for proceeds of $195 million,$87 million of which related to sales of cash and cash equivalents ($1.1 billion in the third quarter of 2015, $134 million of which was related to sales of cash and cash equivalents). During the first nine months of 2016, we sold available-for-sale investments for proceeds of $4.0 billion, of which $216 million related to sales of cash and cash equivalents ($1.2 billion in the first nine months of 2015, $134 million of which was related to sales of cash and cash equivalents). The gross realized gains on sales of available-for-sale investments were $41 million in the third quarter of 2016 and $538 million in the first nine months of 2016 ($12 million in the thirdquarter of 2015and$97 million in the first nine months of 2015).

The amortized cost and fair value of available-for-sale debt investments, by contractual maturity, as of October 1, 2016, were as follows:

(In Millions)	Cost		Fair Value
Due in 1 year or less	$	4,220	$	4,217
Due in 1–2 years	2,090		2,095
Due in 2–5 years	2,088		2,095
Instruments not due at a single maturity date	1,910		1,910
Total	$	10,308	$	10,317

Equity Method Investments

IM Flash Technologies, LLC

Since the inception of IM Flash Technologies, LLC (IMFT) in 2006, Micron Technology, Inc. (Micron) and Intel have jointly developed NAND flash memory and, most recently, 3D XPoint™ technology products. Intel also purchases jointly developed products directly from Micron under certain supply agreements.

The IMFT operating agreement, most recently amended in January 2016, continues through 2024 unless earlier terminated under certain terms and conditions and provides for certain buy-sell rights of the joint venture. Intel has the right to cause Micron to buy our interest in IMFT. If we exercise this 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 2019, Micron has the right to call our interest in IMFT with the closing date to be effective within one year.

As of October 1, 2016, we own a 49% interest in IMFT. The carrying value of our investment was $886 million as of October 1, 2016 ($872 million as of December 26, 2015) and is classified within other long-term assets.

IMFT is a variable interest entity and all costs of IMFT are passed on to Micron and Intel through sale of products or services in proportional share of ownership. Intel's portion of IMFT costs, primarily related to product purchases and production-related services, was approximately $115 million in the third quarter of 2016 and approximately $315 million in the first nine months of 2016 (approximately $115 million in the thirdquarter of 2015 and approximately $315 million in the first nine months of 2015). The amount due to IMFT for product purchases and services provided was approximately $90 million as of October 1, 2016 (approximately $20 million as of December 26, 2015).

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 $886 million as of October 1, 2016. Except for the amount due to IMFT for product purchases and production-related services, we did not have any additional liabilities recognized on our consolidated condensed balance sheets in connection with our interests in this joint venture as of October 1, 2016. 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 16% as of October 1, 2016. Our investment is accounted for under the equity and cost methods of accounting based on the rights associated with different instruments we own, and is classified within other long-term assets. The carrying value of our equity method investment was $233 million and of our cost method investment was $454 million as of October 1, 2016 ($256 million for our equity method investment and $454 million for our cost method investment as of December 26, 2015).

Intel-GE Care Innovations, LLC

During the first quarter of 2016, we gained control of Care Innovations LLC (Care Innovations), formerly our joint venture with General Electric Company. Care Innovations has been included in our consolidated condensed financial statements beginning in the first quarter of 2016.

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 phones. We 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., a holding company under Tsinghua Unigroup. During 2015, we invested$966 millionto complete the first phase of the equity investment. We have determined we do not have significant influence over the company and, therefore, we 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 October 1, 2016 and December 26, 2015, substantially all of our trading assets were marketable debt instruments. There were $72 million net gains related to trading assets still held at the reporting date in the third quarter of 2016 and $245 million net gains in the first nine months of 2016 (net losses of $88 million in the thirdquarter of 2015 and net losses of $151 million in the first nine months of 2015). Net losses on the related derivatives were $54 million in the third quarter of 2016 and$224 million net losses in the first nine months of 2016 (net gains of $72 million in the thirdquarter of 2015 and net gains of $138 million in the first nine months of 2015).

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Inventories

9 Months Ended

Oct. 01, 2016

Inventory, Net [Abstract]

Inventories [Text Block]

Note 6: 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)	Oct 1, 2016		Dec 26, 2015
Raw materials	$	688	$	532
Work in process	3,443		2,893
Finished goods	1,652		1,742
Total inventories	$	5,783	$	5,167

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Derivative Financial Instruments

9 Months Ended

Oct. 01, 2016

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Financial Instruments [Text Block]

Note 7: 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 portion of our operating expenditures and capital purchases is incurred in or exposed to other currencies, primarily the euro, the Japanese yen, the Israeli shekel, and the Chinese yuan. 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, loans receivable and indebtedness 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. The substantial majority of these instruments 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. We utilize currency interest rate swaps to hedge exposures to the variability in the U.S.-dollar equivalent of coupon and principal payments associated with our non-U.S.-dollar-denominated indebtedness.

• 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 non-U.S.-dollar-denominated loans receivable recognized at fair value. The majority of these instruments 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. We also utilize interest rate or currency interest rate swaps to modify cash flows related to our existing indebtedness. We may enter into treasury rate lock agreements to lock in a fixed rate for future debt issuances.

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 or treasury rate lock agreements to lock in a fixed rate for future debt issuances. 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 fluctuations in the benchmark interest rate. For these derivatives, we recognize gains and losses in interest and other, net, along with the offsetting gains and losses 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 the 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)	Oct 1, 2016		Dec 26, 2015		Sep 26, 2015
Currency forwards	$	10,639	$	11,212	$	12,395
Currency interest rate swaps	7,194		5,509		4,966
Embedded debt derivatives	3,600		3,600		3,600
Interest rate swaps	6,446		5,212		1,740
Total return swaps	1,276		1,061		1,020
Other	79		61		64
Total	$	29,234	$	26,655	$	23,785

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)	Oct 1, 2016		Dec 26, 2015		Sep 26, 2015
Chinese yuan	$	1,600	$	2,231	$	2,650
Euro	6,199		6,084		6,546
Israeli shekel	1,985		1,674		1,938
Japanese yen	2,890		2,663		2,733
Other	5,159		4,069		3,494
Total	$	17,833	$	16,721	$	17,361

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:

	October 1, 2016								December 26, 2015
(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	$	155	$	2	$	15	$	1	$	20	$	3	$	83	$	2
Interest rate swaps	—		175		—		—		—		1		—		14
Currency interest rate swaps	—		48		—		—		—		7		—		—
Total derivatives designated as hedging instruments	155		225		15		1		20		11		83		16
Derivatives not designated as hedging instruments:
Currency forwards	41		1		25		1		20		—		63		—
Currency interest rate swaps	112		8		309		—		370		18		52		—
Embedded debt derivatives	—		—		—		19		—		—		—		17
Interest rate swaps	3		—		19		—		2		—		12		—
Total return swaps	—		—		—		—		32		—		2		—
Other	2		11		—		—		1		11		—		—
Total derivatives not designated as hedging instruments	158		20		353		20		425		29		129		17
Total derivatives	$	313	$	245	$	368	$	21	$	445	$	40	$	212	$	33

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:

	October 1, 2016
							Gross Amounts Not Offset in the Balance Sheet
(In Millions)	Gross Amounts Recognized		Gross Amounts Offset in the Balance Sheet		Net Amounts Presented in the Balance Sheet		Financial Instruments			Cash and Non-Cash Collateral Received or Pledged			Net Amount
Assets:
Derivative assets subject to master netting arrangements	$	552	$	—	$	552	$	(243	)	$	(210	)	$	99
Reverse repurchase agreements	1,018		—		1,018		—			(1,018		)	—
Total assets	1,570		—		1,570		(243		)	(1,228		)	99
Liabilities:
Derivative liabilities subject to master netting arrangements	385		—		385		(243		)	(142		)	—
Total liabilities	$	385	$	—	$	385	$	(243	)	$	(142	)	$	—

	December 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	$	482	$	—	$	482	$	(201	)	$	(188	)	$	93
Reverse repurchase agreements	3,368		—		3,368		—			(3,368		)	—
Total assets	3,850		—		3,850		(201		)	(3,556		)	93
Liabilities:
Derivative liabilities subject to master netting arrangements	242		—		242		(201		)	(27		)	14
Total liabilities	$	242	$	—	$	242	$	(201	)	$	(27	)	$	14

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)	Oct 1, 2016		Sep 26, 2015			Oct 1, 2016		Sep 26, 2015
Currency forwards	$	65	$	(68	)	$	356	$	(268	)
Currency interest rate swaps and other	27		—			18		—
Total	$	92	$	(68	)	$	374	$	(268	)

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 table. Additionally, for all periods presented, there was an insignificant impact on results of operations from discontinued cash flow hedges, 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 21: 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)	Oct 1, 2016			Sep 26, 2015			Oct 1, 2016			Sep 26, 2015
Interest rate swap	$	(34	)	$	3		$	188		$	3
Hedged item	34			(3		)	(188		)	(3		)
Total	$	—		$	—		$	—		$	—

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

Derivatives Not Designated as Hedging Instruments

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

		Three Months Ended						Nine Months Ended
(In Millions)	Location of Gains (Losses) Recognized in Income on Derivatives	Oct 1, 2016			Sep 26, 2015			Oct 1, 2016			Sep 26, 2015
Currency forwards	Interest and other, net	$	6		$	(19	)	$	2		$	(33	)
Currency interest rate swaps	Interest and other, net	(41		)	80			(211		)	283
Interest rate swaps	Interest and other, net	7			(3		)	(8		)	(8		)
Total return swaps	Various	78			(90		)	92			(48		)
Other	Various	(6		)	(3		)	(2		)	(17		)
Total		$	44		$	(35	)	$	(127	)	$	177

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Acquisitions and Divestitures

9 Months Ended

Oct. 01, 2016

Business Combinations [Abstract]

Acquisitions [Text Block]

Note 8: Acquisitions and Divestitures

Altera Corporation

On December 28, 2015, we completed the acquisition of Altera, a global semiconductor company that designs and sells programmable semiconductors and related products. We acquired all outstanding shares of Altera common stock and, subject to certain exceptions, each share of Altera common stock underlying vested stock option awards, restricted stock unit awards (RSUs) and performance-based restricted stock unit awards in exchange for cash. The acquired company operates as the Programmable Solutions Group (PSG) and continues to design and sell programmable logic devices (PLDs), which incorporate field-programmable gate arrays (FPGAs) and complex programmable logic devices (CPLDs), and highly integrated System-on-Chip (SoC) devices. This acquisition is expected to expand our reach within the compute continuum, as the combination of our leading-edge products and manufacturing process with Altera's leading FPGA technology is expected to enable new classes of platforms that meet customer needs in the data center and Internet of Things market segments. As we develop future platforms, the integration of PLDs into our platform solutions is expected to improve the overall performance and lower the cost of ownership for our customers. For further information, see "Note 23: Operating Segments Information."

Total consideration to acquire Altera was $14.5 billion (net of $2.0 billion of cash and cash equivalents acquired) and comprised the following:

(In Millions)
Cash, net of cash acquired	$	14,401
Share-based awards assumed	50
Total	$	14,451

The preliminary fair values of the assets acquired and liabilities assumed by major class in the acquisition of Altera were recognized as follows:

(In Millions)
Short-term investments	$	182
Receivables	368
Inventory	555
Other current assets	123
Property, plant & equipment	312
Goodwill	5,433
Identified intangible assets	7,566
Other long-term investments and assets	2,515
Deferred income	(336		)
Other liabilities	(283		)
Long-term debt	(1,535		)
Deferred tax liabilities	(449		)
Total	$	14,451

The allocation of purchase consideration to assets and liabilities is not yet finalized. The preliminary allocation of the purchase price was based upon estimates and assumptions that are subject to change within the measurement period (up to one year from the acquisition date). The primary areas of the preliminary purchase price allocation that are not yet finalized are certain tax matters and goodwill.

The preliminary goodwill of $5.4 billion arising from the acquisition is attributed to the expected synergies and other benefits that will be generated by combining Intel and Altera. Substantially all of the goodwill recognized is not expected to be deductible for tax purposes. For further information on the assignment of preliminary goodwill for the acquisition, see “Note 9: Goodwill.”

The identified intangible assets assumed in the acquisition of Altera were recognized as follows based upon their fair values as of December 28, 2015:

	Fair Value (In Millions)		Weighted Average Estimated Useful Life (In Years)
Developed technology	$	5,757	9
Customer relationships	1,121		12
Brands	87		6
Identified intangible assets subject to amortization	6,965
In-process research and development	601
Identified intangible assets not subject to amortization	601
Total identified intangible assets	$	7,566

Acquired developed technology represents the fair value of Altera products that have reached technological feasibility and are a part of Altera’s product offerings, as opposed to in-process research and development which represents the fair value of products that have not reached technological feasibility. Customer relationships represent the fair values of the underlying relationships and agreements with Altera’s customers. Brands represent the fair value of Altera's master brand and product brand names.

Other 2016 Acquisitions

During the first nine months of 2016, in addition to the Altera acquisition, we completed eight acquisitions qualifying as business combinations in exchange for aggregate consideration (net of cash acquired) of $811 million, most of which was cash. Substantially all of the consideration was allocated to goodwill and identifiable intangible assets. For information on goodwill by operating segment, see “Note 9: Goodwill” and for information on the classification of intangible assets, see "Note 10: Identified Intangible Assets." These acquisitions, both individually and in aggregate, were not significant to our operations.

Actual and Pro Forma Results of Acquirees

Net revenue and net income attributable to all acquisitions completed during the first nine months of 2016 have been included in our consolidated condensed statements of income from their respective acquisition dates to the period ending October 1, 2016. The Altera acquisition was significant to our consolidated condensed results of operations, and these results are reported as the Programmable Solutions Group in "Note 23: Operating Segments Information."

The unaudited pro forma financial results combine the historical results of Intel and Altera for 2016 and 2015 along with the historical results of other businesses acquired during 2016. The results include the effects of pro forma adjustments as if the businesses acquired in 2016 were acquired at the beginning of Intel's 2015 fiscal year. The pro forma results for the nine months endedSeptember 26, 2015 include non-recurring adjustments of $387 million for the inventory valuation adjustment, $64 million for deferred income (net of the impact of cost of goods sold) and $94 million for other acquisition-related transaction costs, all of which reduce pro forma net income.

The pro forma financial results presented below do not include any anticipated synergies or other expected benefits of the acquisitions. This is presented for informational purposes only and is not indicative of future operations or results that would have been achieved had the acquisitions been completed as of the beginning of our 2015 fiscal year.

	Three Months Ended				Nine Months Ended
(In Millions, Except Per Share Amounts)	Oct 1, 2016		Sep 26, 2015		Oct 1, 2016		Sep 26, 2015
Net revenue	$	15,778	$	14,865	$	43,112	$	41,592
Net income	$	3,370	$	3,016	$	7,225	$	6,996
Diluted earnings per share	$	0.69	$	0.62	$	1.48	$	1.43

Planned Divestiture of Intel Security Group

On September 7, 2016, we announced a definitive agreement with TPG VII Manta Holdings, L.P. (TPG) to transfer certain assets and liabilities relating to Intel Security Group (ISecG) to a newly formed, jointly-owned, separate cybersecurity company. The new company will be called McAfee following transaction close, which is expected in the second quarter of 2017.

Under the terms of the agreement, Intel will transfer certain assets and liabilities relating to ISecG, a transaction valued at approximately $4.2 billion, for consideration of approximately $3.1 billion and a 49% ownership interest in McAfee. Intel will finance approximately $2.2 billion of the consideration until the debt can be refinanced and repaid by McAfee and TPG. TPG will own a 51% ownership interest in McAfee.

The carrying amounts of the major classes of ISecG assets and liabilities held for sale included the following:

(In Millions)	Oct 1, 2016
Accounts receivable	$	309
Goodwill	3,600
Identified intangible assets	966
Other assets	202
Total assets held for sale	$	5,077
Deferred income	$	1,519
Other liabilities	362
Total liabilities held for sale	$	1,881

In addition to total assets and liabilities held for sale are currency translation adjustments totaling $507 million. This amount, classified as other comprehensive income, is associated with currency charges on the carrying values of ISecG goodwill and identified intangible assets. Upon transaction close, we will charge this amount against the expected gain.

We ceased recording depreciation and amortization on property, plant, and equipment and identified intangible assets, respectively, as of the date the assets triggered held for sale accounting.

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Goodwill

9 Months Ended

Oct. 01, 2016

Business Combination, Goodwill [Abstract]

Goodwill [Text Block]

Note 9: Goodwill

Goodwill activity for the first nine months of 2016 was as follows:

(In Millions)	Dec 26, 2015		Acquisitions		Transfers			Other			Oct 1, 2016
Client Computing Group (CCG)	$	4,078	$	65	$	213		$	—		$	4,356
Data Center Group (DCG)	2,404		2,829		177			—			5,410
Internet of Things Group (IOTG)	428		622		36			—			1,086
Non-Volatile Memory Solutions Group (NSG)	—		—		—			—			—
Intel Security Group (ISecG)	3,599		—		—			(3,599		)	—
Software and Services Group (SSG)	441		—		(441		)	—			—
Programmable Solutions Group (PSG)	—		2,475		—			—			2,475
All other	382		144		15			—			541
Total	$	11,332	$	6,135	$	—		$	(3,599	)	$	13,868

ISecG goodwill has been reclassified to assets held for sale on the consolidated condensed balance sheet. This reclassification of goodwill is presented within "Other" in the preceding table. For further information, see "Note 8: Acquisitions and Divestitures."

During the first quarter of 2016, we completed the acquisition of Altera and formed PSG. The goodwill recognized from this acquisition was allocated among PSG, DCG, and IOTG based on the relative fair value provided by the acquisition, which reflected the estimated synergistic value generated within DCG and IOTG by incorporating Altera's intellectual property into Intel's future process technology and products. For further information, see "Note 8: Acquisitions and Divestitures."

We previously disclosed the goodwill for ISecG and SSG as part of the aggregated software and services operating segments. During the first quarter of 2016, we elected to separately disclose the results of ISecG and determined SSG was no longer an operating segment; accordingly, its goodwill was re-allocated to other operating segments based on the relative fair value. Additionally, we formed the New Technology Group (NTG), which includes products designed for wearables, cameras, drones, and other market segments. The substantial majority of goodwill under "all other" is attributable to NTG, the remainder of which is unallocated from recent acquisitions in the first quarter of 2016. For further information, see "Note 23: Operating Segments Information."

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Identified Intangible Assets

9 Months Ended

Oct. 01, 2016

Intangible Assets, Net (Excluding Goodwill) [Abstract]

Identified Intangible Assets [Text Block]

Note 10: Identified Intangible Assets

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

	October 1, 2016
(In Millions)	Gross Assets		Accumulated Amortization			Net
Acquisition-related developed technology	$	7,399	$	(1,650	)	$	5,749
Acquisition-related customer relationships	1,434		(225		)	1,209
Acquisition-related brands	87		(15		)	72
Licensed technology and patents	3,045		(1,373		)	1,672
Identified intangible assets subject to amortization	11,965		(3,263		)	8,702
Acquisition-related brands	—		—			—
Other intangible assets	822		—			822
Identified intangible assets not subject to amortization	822		—			822
Total identified intangible assets	$	12,787	$	(3,263	)	$	9,524

	December 26, 2015
(In Millions)	Gross Assets		Accumulated Amortization			Net
Acquisition-related developed technology	$	2,928	$	(2,276	)	$	652
Acquisition-related customer relationships	1,738		(1,219		)	519
Acquisition-related brands	59		(55		)	4
Licensed technology and patents	3,017		(1,200		)	1,817
Identified intangible assets subject to amortization	7,742		(4,750		)	2,992
Acquisition-related brands	767		—			767
Other intangible assets	174		—			174
Identified intangible assets not subject to amortization	941		—			941
Total identified intangible assets	$	8,683	$	(4,750	)	$	3,933

Identified intangible assets associated with our divestiture of ISecG were not included in the October 1, 2016 table above. For further information, see "Note 8: Acquisitions and Divestitures."

As a result of our acquisition of Altera during the first quarter of 2016, we recorded $7.6 billion of identified intangible assets. For further information about these acquired identified intangible assets, see "Note 8: Acquisitions and Divestitures."

Amortization expenses recorded in the consolidated condensed statements of income for each period were as follows:

		Three Months Ended				Nine Months Ended
(In Millions)	Location	Oct 1, 2016		Sep 26, 2015		Oct 1, 2016		Sep 26, 2015
Acquisition-related developed technology	Cost of sales	$	235	$	76	$	705	$	271
Acquisition-related customer relationships	Amortization of acquisition-related intangibles	69		66		234		192
Acquisition-related brands	Amortization of acquisition-related intangibles	5		2		19		6
Licensed technology and patents	Cost of sales	76		71		218		211
Total amortization expenses		$	385	$	215	$	1,176	$	680

Based on identified intangible assets that are subject to amortization as of October 1, 2016, we expect future amortization expenses for each period to be as follows:

(In Millions)	Remainder of 2016		2017		2018		2019		2020
Acquisition-related developed technology	$	232	$	794	$	777	$	774	$	742
Acquisition-related customer relationships	33		123		122		122		120
Acquisition-related brands	5		13		13		13		13
Licensed technology and patents	75		261		212		200		174
Total future amortization expenses	$	345	$	1,191	$	1,124	$	1,109	$	1,049

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Other Long-Term Assets

9 Months Ended

Oct. 01, 2016

Other Assets, Noncurrent Disclosure [Abstract]

Other Long-Term Assets [Text Block]

Note 11: Other Long-Term Assets

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

(In Millions)	Oct 1, 2016		Dec 26, 2015
Equity method investments	$	1,508	$	1,590
Non-marketable cost method investments	3,157		2,933
Non-current deferred tax assets	730		1,052
Pre-payments for property, plant and equipment	476		623
Loans receivable	311		642
Grants receivable	324		318
Reverse repurchase agreements	250		350
Other	935		657
Total other long-term assets	$	7,691	$	8,165

During the first nine months of 2016, we received and transferred $180 million of equipment from pre-payments for property, plant and equipment to property, plant and equipment. Substantially all of the equipment was prepaid in 2013 and 2014. 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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Restructuring and Other Charges

9 Months Ended

Oct. 01, 2016

Restructuring Costs and Asset Impairment Charges [Abstract]

Restructuring and Asset Impairment Charges [Text Block]

Note 12: Restructuring and Other Charges

Restructuring and other charges for each period were as follows:

	Three Months Ended				Nine Months Ended
(In Millions)	Oct 1, 2016		Sep 26, 2015		Oct 1, 2016		Sep 26, 2015
2016 Restructuring Program	$	349	$	—	$	1,763	$	—
2013 and 2015 Restructuring Programs	—		14		—		367
Other charges	23		—		23		—
Total restructuring and other charges	$	372	$	14	$	1,786	$	367

2016 Restructuring Program

In the second quarter of 2016, our management approved and commenced the 2016 Restructuring Program to accelerate our transformation from a PC company to one that powers the cloud and billions of smart, connected computing devices. Under this program, we are in the process of closing certain facilities and reducing headcount globally to align our operations with evolving business needs by investing in our growth businesses and improving efficiencies. We expect these actions to be substantially completed by the second quarter of 2017.

Restructuring and other charges by type for the 2016 Restructuring Program for the period were as follows:

	Three Months Ended		Nine Months Ended
(In Millions)	Oct 1, 2016		Oct 1, 2016
Employee severance and benefit arrangements	$	338	$	1,752
Pension settlement charges	10		10
Asset impairments and other charges	1		1
Total restructuring and other charges	$	349	$	1,763

Restructuring and other activity for the 2016 Restructuring Program for thefirst nine months of 2016 was as follows:

(In Millions)	Employee Severance and Benefits			Asset Impairments and Other		Total
Accrued restructuring balance as of December 26, 2015	$	—		$	—	$	—
Additional accruals	1,511			1		1,512
Adjustments	150			—		150
Cash payments	(940		)	—		(940		)
Non-cash settlements	(8		)	—		(8		)
Accrued restructuring balance as of October 1, 2016	$	713		$	1	$	714

We recorded the accruals as restructuring and other charges in the consolidated condensed statement of income and within the "all other" operating segments category. Substantially all of the accrued restructuring balance as ofOctober 1, 2016is 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. The remaining accruals were recorded as an increase to our pension liability and are not included in our accrued restructuring balance.

Restructuring actions related to this program that were approved in 2016 impacted approximately15,000employees. These reductions are in conjunction with our effort to re-balance our workforce to align to strategically important areas in the data center, Internet of Things, and memory businesses.

2013 and 2015 Restructuring Programs

As of October 1, 2016, the remaining liability associated with both programs is $17 million ($70 million as of December 26, 2015). For more information about these programs, see the "Restructuring and Asset Impairment Charges" note in Part II, Item 8 of our Annual Report on Form 10-K for the year ended December 26, 2015.

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Deferred Income

9 Months Ended

Oct. 01, 2016

Deferred Revenue [Abstract]

Deferred Income [Text Block]

Note 13: Deferred Income

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

(In Millions)	Oct 1, 2016		Dec 26, 2015
Deferred income on shipments of components to distributors	$	1,553	$	920
Deferred income from software, services and other	171		1,268
Current deferred income	1,724		2,188
Non-current deferred income from software, services and other	63		530
Total deferred income	$	1,787	$	2,718

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

We reclassified the carrying amounts of current and non-current deferred income associated with ISecG as liabilities held for sale. For further information, see "Note 8: Acquisitions and Divestitures."

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Borrowings

9 Months Ended

Oct. 01, 2016

Debt Disclosure [Abstract]

Borrowings [Text Block]

Note 14: Borrowings

Short-Term Debt

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

(In Millions)	Oct 1, 2016			Dec 26, 2015
Drafts payable	$	16		$	41
Commercial paper	450			—
Current portion of long-term debt	3,115			2,602
Less: debt issuance costs associated with the current portion of long-term debt	(8		)	(9		)
Total short-term debt	$	3,573		$	2,634

We have an ongoing authorization from our Board of Directors to borrow up to $5.0 billion under our commercial paper program. Maximum borrowings under our commercial paper program in the first nine months of 2016 were $3.0 billion ($900 million in the first nine months2015). Our commercial paper was rated A-1+ by Standard & Poor’s and P-1 by Moody’s as of October 1, 2016.

On December 21, 2015, we entered into a short-term credit facility to borrow up to $5.0 billion in order to facilitate the settlement of our acquisition of Altera. Under this credit facility, we borrowed $4.0 billion and the facility was closed in January 2016.

2009 Debentures

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 2016, the closing stock price conversion right condition of the 2009 debentures continued to be met and the debentures will be convertible at the option of the holders during the fourth quarter of 2016. As a result, the $1.1 billion carrying amount of the 2009 debentures was classified as short-term debt on our consolidated condensed balance sheet as of October 1, 2016 ($1.1 billion as of December 26, 2015). The excess of the amount of cash payable if converted over the carrying amount of the 2009 debentures of $886 million has been classified as temporary equity on our consolidated condensed balance sheet as of October 1, 2016 ($897 million as of December 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 the temporary equity would be reclassified to stockholders’ equity on our consolidated condensed balance sheet.

Long-Term Debt

Our indebtedness is carried at amortized cost net of applicable hedge adjustments. Our long-term debt at the end of each period was as follows:

(In Millions)	Maturity Date	Stated Interest Rate	Oct 1, 2016			Dec 26, 2015
Second quarter 2016 debt issuance of $2.8 billion
Senior notes	May 2021	1.70%	$	499		$	—
Senior notes	May 2026	2.60%	998			—
Senior notes	May 2046	4.10%	1,243			—
First quarter 2016 acquired Altera debt of $1.5 billion
Senior notes	May 2017	1.75%	501			—
Senior notes	November 2018	2.50%	605			—
Senior notes	November 2023	4.10%	425			—
Fourth quarter 2015 debt issuance of $915 million
Senior notes	December 2045	4.70%	944			908
Fourth quarter 2015 Australian dollar-denominated debt issuance of A$800 million
Senior notes1	December 2019	3.25%	192			181
Senior notes1	December 2022	4.00%	422			397
Third quarter 2015 debt issuance of $1.0 billion
Senior notes	August 2045	4.90%	1,027			1,009
Third quarter 2015 debt issuance of $7.0 billion
Senior notes	July 2020	2.45%	1,749			1,748
Senior notes	July 2022	3.10%	1,035			996
Senior notes	July 2025	3.70%	2,277			2,247
Senior notes	July 2045	4.90%	1,999			1,998
2012 debt issuance of $6.2 billion
Senior notes	December 2017	1.35%	2,999			2,999
Senior notes	December 2022	2.70%	1,557			1,492
Senior notes	December 2032	4.00%	745			744
Senior notes	December 2042	4.25%	924			924
2011 debt issuance of $5.0 billion
Senior notes	October 2016	1.95%	1,500			1,499
Senior notes	October 2021	3.30%	1,998			1,997
Senior notes	October 2041	4.80%	1,491			1,490
2009 debt issuance of $2.0 billion
Junior subordinated convertible debentures	August 2039	3.25%	1,114			1,103
2005 debt issuance of $1.6 billion
Junior subordinated convertible debentures	December 2035	2.95%	987			975
Long-term debt			27,231			22,707
Less: current portion of long-term debt			(3,115		)	(2,602		)
Less: debt issuance costs			(73		)	(69		)
Total long-term debt			$	24,043		$	20,036

¹  To manage foreign currency risk associated with the Australian-dollar-denominated notes issued in 2015, we entered into currency interest rate swaps with an aggregate notional amount of $577 million, which effectively converted these notes to U.S.-dollar-denominated notes. For further discussion on our currency interest rate swaps, see "Note 7: Derivative Financial Instruments."

During the second quarter of 2016, we issued a total of $2.8 billion aggregate principal amount of senior unsecured notes to refinance existing indebtedness, including our 1.95% senior notes due 2016 and a portion of our 1.35% senior notes due 2017.

During the first quarter of 2016, in connection with our completed acquisition of Altera, we acquired a total of $1.5 billion aggregate principal amount of senior unsecured notes.

All of our senior notes pay a fixed rate of interest semiannually. We may redeem the notes prior to their maturity at our option at specified redemption prices and subject to certain restrictions. The obligations under the notes rank equally in right of payment with all of our other existing and future senior unsecured indebtedness and will effectively rank junior to all liabilities of our subsidiaries.

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 26, 2015.

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Retirement Benefit Plans

9 Months Ended

Oct. 01, 2016

General Discussion of Pension and Other Postretirement Benefits [Abstract]

Pension and Other Postretirement Benefits Disclosure [Text Block]

Note 15: Retirement Benefit Plans

Pension and Postretirement Benefit Plans

For eligible employees, former employees, and retirees, we provide various defined-benefit pension benefits and postretirement medical benefits. In conjunction with our 2016 Restructuring Program, our U.S. Minimum Pension Plan and U.S. Postretirement Medical Benefit Plan assets and liabilities were remeasured during the second quarter of 2016. For more information on the 2016 Restructuring Program, please see "Note 12: Restructuring and Other Charges".

The remeasurements of the plans resulted in an increase to the plan benefit obligations for the U.S. Minimum Pension Plan and the U.S. Postretirement Medical Benefit Plan of approximately $450 million and $90 million, respectively. The increases primarily resulted from updated demographic experience and a decrease in discount rates. Curtailment charges were not significant in the quarter the plans were remeasured. 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 26, 2015.

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Employee Equity Incentive Plans

9 Months Ended

Oct. 01, 2016

Employee Benefits and Share-based Compensation [Abstract]

Employee Equity Incentive Plans [Text Block]

Note 16: Employee Equity Incentive Plans

Our equity incentive plans are broad-based, long-term programs intended to attract and retain talented employees and align stockholder and employee interests.

In connection with our completed acquisition of Altera in the first quarter of 2016, we assumed two equity incentive plans with outstanding unvested stock options and RSUs. The assumed stock options and RSUs generally retained the terms and conditions under which they were originally granted. We will not grant additional shares under these assumed plans.

As of October 1, 2016, 217 million shares of common stock remained available for future grant under the 2006 Equity Incentive Plan through June 2018.

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 October 1, 2016, 165 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 recognized was $324 million in the third quarter of 2016 and $1.1 billion in the first nine months of 2016 ($309 million in the third quarter of 2015 and $1.0 billion in the first nine months of 2015).

Restricted Stock Unit Awards

We estimate the fair value of RSU 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, referred to in our 2016 Proxy Statement as outperformance restricted stock units (OSUs), using a Monte Carlo simulation model on the date of grant. We based the weighted average estimated value of RSU 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
	Oct 1, 2016			Sep 26, 2015			Oct 1, 2016			Sep 26, 2015
Estimated values	$	32.65		$	26.62		$	29.64		$	31.64
Risk-free interest rate	0.7		%	0.6		%	0.9		%	0.6		%
Dividend yield	3.0		%	3.4		%	3.3		%	2.9		%
Volatility	24		%	n/a			23		%	27		%

Restricted stock unit activity in the first nine months of 2016 was as follows:

	Number of RSUs (In Millions)		Weighted Average Grant-Date Fair Value
December 26, 2015	107.4		$	26.93
Granted	51.1		$	29.64
Assumed in acquisition	7.3		$	33.79
Vested	(47.5	)	$	26.18
Forfeited	(9.5	)	$	28.09
October 1, 2016	108.8		$	28.89

The aggregate fair value of awards that vested in the first nine months of 2016 was $1.5 billion, which represents the market value of our common stock on the date that the RSUs vested. The grant-date fair value of awards that vested in first nine months of 2016 was $1.2 billion. The number of RSUs vested includes shares of common stock that we withheld on behalf of employees to satisfy the minimum statutory tax withholding requirements. RSUs that are expected to vest are net of estimated future forfeitures.

As of October 1, 2016, 6.7 million of the outstanding RSUs were OSUs. We granted an insignificant number of OSUs in the three months endedOctober 1, 2016 and 3.5 million in the nine months endedOctober 1, 2016.

Stock Purchase Plan

Employees purchased 16.5 million shares of common stock in the first nine months of 2016 for $415 million (15.8 million shares of common stock in the first nine months of 2015 for $421 million) under the 2006 Stock Purchase Plan.

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Common Stock Repurchases

9 Months Ended

Oct. 01, 2016

Common Stock Repurchases [Abstract]

Common Stock Repurchases [Text Block]

Note 17: 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 $65.0 billion in shares of our common stock in open market or negotiated transactions. As of October 1, 2016, $7.3 billion remained available for repurchase under the existing repurchase authorization limit.

During the third quarter of 2016, we repurchased 13.1 million shares of common stock at a cost of $461 million (34.8 million shares of common stock at a cost of $1.0 billion during the third quarter of 2015). During the first nine months of 2016, we repurchased 65.9 million shares of common stock at a cost of $2.1 billion (79.7 million shares of common stock at a cost of $2.5 billion in the first nine months of 2015). We have repurchased 4.8 billion shares of common stock at a cost of $107.0 billion since the program began in 1990.

Restricted Stock Unit Withholdings

We issue RSUs as part of our equity incentive plans. For the majority of RSUs granted, the number of shares of common stock issued on the date the RSUs 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 treat shares of common stock withheld for tax purposes on behalf of our employees in connection with the vesting of RSUs 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 2016, we withheld 13.9 million shares of common stock to satisfy $434 million (12.8 million shares of common stock to satisfy $416 million during the first nine months of 2015) of employees’ tax obligations.

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Gains (Losses) on Equity Investments, Net

9 Months Ended

Oct. 01, 2016

Gain (Loss) on Investments [Abstract]

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

Note 18: 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)	Oct 1, 2016			Sep 26, 2015			Oct 1, 2016			Sep 26, 2015
Share of equity method investee losses, net	$	(10	)	$	(22	)	$	(30	)	$	(81	)
Impairments	(48		)	(28		)	(137		)	(107		)
Gains on sales, net	38			11			553			110
Dividends	—			5			74			52
Other, net	8			199			28			323
Total gains (losses) on equity investments, net	$	(12	)	$	165		$	488		$	297

Gains on sales, net for the nine months endedOctober 1, 2016 includes $407 million net realized gains related to sales of a portion of our interest in ASML Holding N.V. (ASML) (no ASML sales occurred during the first nine months of 2015).

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Interest and Other, Net

9 Months Ended

Oct. 01, 2016

Other Nonoperating Income (Expense) [Abstract]

Interest and Other, Net [Text Block]

Note 19: 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)	Oct 1, 2016			Sep 26, 2015			Oct 1, 2016			Sep 26, 2015
Interest income	$	56		$	31		$	159		$	91
Interest expense	(180		)	(116		)	(575		)	(211		)
Other, net	(8		)	(19		)	76			29
Total interest and other, net	$	(132	)	$	(104	)	$	(340	)	$	(91	)

Interest expense in the preceding table is net of $36 million of interest capitalized in the third quarter of 2016 and $82 million of interest capitalized in the first nine months of 2016 ($52 million in the third quarter of 2015and $202 million in the first nine months of 2015).

We recognized a higher interest and other, net loss in the three and nine months ended October 1, 2016 compared to the three and nine months ended September 26, 2015 primarily due to higher interest expense from debt issued or acquired in 2015 and 2016. For further information, see "Note 14: Borrowings."

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Earnings Per Share

9 Months Ended

Oct. 01, 2016

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

Note 20: 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)	Oct 1, 2016		Sep 26, 2015		Oct 1, 2016		Sep 26, 2015
Net income available to common stockholders	$	3,378	$	3,109	$	6,754	$	7,807
Weighted average shares of common stock outstanding—basic	4,734		4,747		4,728		4,749
Dilutive effect of employee equity incentive plans	47		48		54		64
Dilutive effect of convertible debt	96		81		90		87
Weighted average shares of common stock outstanding—diluted	4,877		4,876		4,872		4,900
Basic earnings per share of common stock	$	0.71	$	0.65	$	1.43	$	1.64
Diluted earnings per share of common stock	$	0.69	$	0.64	$	1.39	$	1.59

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 RSUs, and the assumed issuance of common stock under the stock purchase plan. Potentially dilutive shares of common stock for our 2005 debentures are determined by applying the if-converted method. However, as our 2009 debentures require settlement of the principal amount of the debt in cash upon conversion, with the conversion premium paid in cash or stock at our option, potentially dilutive shares of common stock are determined by applying the treasury stock method.

Stock options and RSUs could potentially be included in the diluted earnings per share of common stock calculation if the average market value of the shares of common stock is greater than the exercise price of these options. During the third quarter of 2016, no outstanding stock options and RSUs were excluded from the computation of diluted earnings per share of common stock (we excluded on average 4 million for the third quarter of 2015 because these shares of common stock would have been antidilutive). During the first nine months of 2016, an insignificant number ofoutstanding stock options and RSUs were excluded from the computation of diluted earnings per share of common stock (we excluded on average 2 million for the first nine months of 2015 because these shares of common stock would have been antidilutive).

In the third quarter of 2016 and 2015, 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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Other Comprehensive Income (Loss)

9 Months Ended

Oct. 01, 2016

Equity [Abstract]

Other Comprehensive Income (Loss) [Text Block]

Note 21: Other Comprehensive Income (Loss)

The changes in accumulated other comprehensive income (loss) by component and related tax effects in the first nine months of 2016 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 26, 2015	$	1,749		$	8		$	(266	)	$	(40	)	$	(876	)	$	(515	)	$	60
Other comprehensive income (loss) before reclassifications	1,078			—			374			—			(512		)	(1		)	939
Amounts reclassified out of accumulated other comprehensive income (loss)	(530		)	—			28			6			46			—			(450		)
Tax effects	(191		)	(5		)	(128		)	(2		)	177			—			(149		)
Other comprehensive income (loss)	357			(5		)	274			4			(289		)	(1		)	340
October 1, 2016	$	2,106		$	3		$	8		$	(36	)	$	(1,165	)	$	(516	)	$	400

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

	Income Before Taxes Impact (In Millions)
	Three Months Ended						Nine Months Ended
Comprehensive Income Components	Oct 1, 2016			Sep 26, 2015			Oct 1, 2016			Sep 26, 2015			Location
Unrealized holding gains (losses)1 on available-for-sale investments:
	$	42		$	11		$	530		$	85		Gains (losses) on equity investments, net
	—			1			—			1			Interest and other, net
	42			12			530			86
Unrealized holding gains (losses) on derivatives:
Currency forwards	(11		)	(81		)	(70		)	(217		)	Cost of sales
	(2		)	(50		)	(5		)	(145		)	Research and development
	1			(16		)	—			(38		)	Marketing, general and administrative
	—			—			10			—			Gains (losses) on equity investments, net
Other instruments	—			—			1			—			Gains (losses) on equity investments, net
	19			—			36			—			Interest and other, net
	7			(147		)	(28		)	(400		)
Amortization of pension and postretirement benefit components:
Prior service credits (costs)	(2		)	(2		)	(6		)	(6		)
Actuarial gains (losses)	(20		)	(15		)	(46		)	(43		)
	(22		)	(17		)	(52		)	(49		)
Total amounts reclassified out of accumulated other comprehensive income (loss)	$	27		$	(152	)	$	450		$	(363	)

¹  We determine the cost of the investment sold based on an average cost basis at the individual security level.

The amortization of pension and postretirement benefit components are included in the computation of net periodic benefit cost. For further information, see the "Retirement Benefit Plans" note in Part II, Item 8 of our Annual Report on Form 10-K for the year ended December 26, 2015.

We estimate that we will reclassify approximately $15 million (before taxes) of net derivative gains included in accumulated other comprehensive income (loss) into earnings within the next 12 months.

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Contingencies

9 Months Ended

Oct. 01, 2016

Commitments and Contingencies Disclosure [Abstract]

Contingencies [Text Block]

Note 22: 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 Consumer Class Actions

In 2001, the European Commission (EC) commenced an investigation regarding claims by Advanced Micro Devices, Inc. (AMD) that we used unfair business practices to persuade customers to buy our microprocessors. We received numerous requests for information and documents from the EC and we responded to each of those requests. The EC issued a Statement of Objections in July 2007 and held a hearing on that Statement in March 2008. The EC issued a Supplemental Statement of Objections in July 2008. In May 2009, the EC issued a decision finding that we had violated Article 82 of the EC Treaty and Article 54 of the European Economic Area Agreement. In general, the EC found that we violated Article 82 (later renumbered as Article 102 by a new treaty) by offering alleged "conditional rebates and payments" that required our customers to purchase all or most of their x86 microprocessors from us. The EC also found that we violated Article 82 by making alleged "payments to prevent sales of specific rival products." The EC imposed a fine in the amount of €1.1 billion ($1.4 billion as of May 2009), which we subsequently paid during the third quarter of 2009, and ordered us to "immediately bring to an end the infringement referred to in" the EC decision.

The EC decision contained no specific direction on whether or how we should modify our business practices. Instead, the decision stated that we should "cease and desist" from further conduct that, in the EC's opinion, would violate applicable law. We took steps, which are subject to the EC's ongoing review, to comply with that decision pending appeal. We had discussions with the EC to better understand the decision and to explain changes to our business practices.

We appealed the EC decision to the Court of First Instance (which has been renamed the General Court) in July 2009. The hearing of our appeal took place in July 2012. In June 2014, the General Court rejected our appeal in its entirety. In August 2014, we filed an appeal with the European Court of Justice. In November 2014, Intervener Association for Competitive Technologies filed comments in support of Intel’s grounds of appeal. The EC and interveners filed briefs in November 2014, we filed a reply in February 2015, and the EC filed a rejoinder in April 2015. The Court of Justice held oral argument in June 2016, and we await its decision.

At least 82 separate class-action lawsuits were 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.

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 July 2010, the Special Master denied the MDL plaintiffs' motion to certify a class of members who purchased certain personal computers containing products sold by us. 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, we 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 were consolidated in the Superior Court of California in Santa Clara County. In March 2008, the plaintiffs in the California actions moved for class certification, which we opposed. In February 2015, the court granted plaintiffs' request for leave to retain a new expert and to amend their previous motion for class certification. In March 2016, the court denied plaintiffs’ amended class certification motion, and plaintiffs filed a motion for reconsideration. The parties subsequently agreed to settle the case, and the lawsuit was dismissed in July 2016.

Shareholder Derivative Litigation regarding In re High Tech Employee Antitrust Litigation

In March 2014, the Police Retirement System of St. Louis (PRSSL) filed a shareholder derivative action in the Superior Court of California in Santa Clara County against Intel, certain current and former members of our Board of Directors, and a current officer. The complaint alleges that the defendants breached their duties to the company by participating in, or allowing, purported antitrust violations, which were alleged in a now-settled antitrust class action lawsuit captioned In re High Tech Employee Antitrust Litigation claiming thatIntel, Adobe Systems Incorporated, Apple Inc., Google Inc., Intuit Inc., Lucasfilm Ltd., and Pixar conspired to suppress their employees’ compensation. In March 2014, a second plaintiff, Barbara Templeton, filed a substantially similar derivative suit in the same court. In May 2014, a third shareholder, Robert Achermann, filed a substantially similar derivative action in the same court. The court consolidated the three actions into one, which is captioned In re Intel Corporation Shareholder Derivative Litigation. Plaintiffs filed a consolidated complaint in July 2014. In August 2015, the court granted our motion to dismiss the consolidated complaint. The plaintiffs thereafter filed a motion for reconsideration and a motion for new trial, both of which the court denied in October 2015. In November 2015, plaintiffs PRSSL and Templeton appealed the court's decision.

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 the 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 pending further developments in the California case. In March 2016, Intel and IBEW entered into a stipulated dismissal pursuant to which IBEW dismissed its complaint but may re-file upon the withdrawal or final resolution of the appeal in the California shareholder derivative litigation.

In April 2016, John Esposito filed a shareholder derivative action in the Superior Court of California in Santa Clara County against Intel, current members of our Board, and certain former officers and employees. Esposito made a demand on our Board in 2013 to investigate whether our officers or directors should be sued for their participation in the events described in In re High Tech Employee Antitrust Litigation. In November 2015, our Board decided not to take further action on Esposito’s demand based on the recommendation of the Audit Committee of the Board after its investigation of relevant facts and circumstances. Esposito seeks to set aside such decision, and alleges that the Board was not disinterested in making that decision and that the investigation was inadequate.

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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Operating Segments Information

9 Months Ended

Oct. 01, 2016

Segment Reporting [Abstract]

Operating Segments Information [Text Block]

Note 23: Operating Segments Information

Our operating segments in effect as of October 1, 2016 include:

•    Client Computing Group (CCG)	•    Intel Security Group (ISecG)
•    Data Center Group (DCG)	•    Programmable Solutions Group (PSG)
•    Internet of Things Group (IOTG)	•    All other
•    Non-Volatile Memory Solutions Group (NSG)	•    New Technology Group (NTG)

During the first quarter of 2016, we formed PSG as a result of our acquisition of Altera. For further information, see "Note 8: Acquisitions and Divestitures." Additionally, we formed NTG, which includes products designed for wearables, cameras, drones, and other market segments, and determined that the Software and Services Group is no longer an operating segment.All prior-period amounts have been retrospectively adjusted to reflect the way we internally manage and monitor segment performance starting in fiscal year 2016 and include other minor reorganizations.

In the third quarter of 2016, we announced our planned divestiture of our Intel Security business and expect to close the transaction in the second quarter of 2017. For further information, see "Note 8: Acquisitions and Divestitures."

The Chief Operating Decision Maker (CODM) is our Chief Executive Officer. 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 DCG are our reportable operating segments. IOTG, NSG, ISecG, and PSG 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 separately disclose the results of these non-reportable operating segments. Our NTG operating segment does not meet the quantitative thresholds to qualify as a reportable segment and its results are included within the “all other” category.

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

• Client Computing Group. Includes platforms designed for notebooks (including Ultrabook™ devices), 2 in 1 systems, desktops (including all-in-ones and high-end enthusiast PCs), tablets, phones, wireless and wired connectivity products, and mobile communication components.

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

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

• Non-Volatile Memory Solutions Group. Includes NAND flash memory products primarily used in solid-state drives.

• Intel Security Group.Includes security software products designed to deliver innovative solutions that secure computers, mobile devices, and networks around the world from the latest malware and emerging online threats.

• Programmable Solutions Group. Includes programmable semiconductors (primary field-programmable gate arrays) and related products for a broad range of market segments, including communications, networking and storage, industrial, military, and automotive.

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 NTG;

• amounts included within restructuring and other charges;

• a portion of profit-dependent compensation and other expenses not allocated to the operating segments;

• divested businesses for which discrete operating results are not regularly reviewed by our 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)	Oct 1, 2016			Sep 26, 2015			Oct 1, 2016			Sep 26, 2015
Net revenue:
Client Computing Group
Platform	$	8,258		$	8,094		$	22,395		$	22,280
Other	634			412			1,384			1,183
	8,892			8,506			23,779			23,463
Data Center Group
Platform	4,164			3,857			11,589			10,842
Other	378			283			979			831
	4,542			4,140			12,568			11,673
Internet of Things Group
Platform	605			501			1,673			1,450
Other	84			80			239			223
	689			581			1,912			1,673
Non-Volatile Memory Solutions Group	649			655			1,760			1,943
Intel Security Group	537			506			1,611			1,473
Programmable Solutions Group	425			—			1,249			—
All other	44			77			134			216
Total net revenue	$	15,778		$	14,465		$	43,013		$	40,441
Operating income (loss):
Client Computing Group	$	3,327		$	2,433		$	7,123		$	5,447
Data Center Group	2,110			2,130			5,639			5,672
Internet of Things Group	191			150			403			382
Non-Volatile Memory Solutions Group	(134		)	51			(453		)	215
Intel Security Group	115			97			297			134
Programmable Solutions Group	78			—			(184		)	—
All other	(1,225		)	(669		)	(4,477		)	(2,147		)
Total operating income	$	4,462		$	4,192		$	8,348		$	9,703

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Fair Value (Tables)

9 Months Ended

Oct. 01, 2016

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:

	October 1, 2016								December 26, 2015
	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	$	—	$	113	$	—	$	113	$	—	$	1,829	$	—	$	1,829
Financial institution instruments	1,910		785		—		2,695		8,238		1,277		—		9,515
Government debt	—		50		—		50		—		130		—		130
Reverse repurchase agreements	—		768		—		768		—		2,368		—		2,368
Short-term investments:
Corporate debt	492		823		14		1,329		336		764		20		1,120
Financial institution instruments	195		1,405		—		1,600		145		927		—		1,072
Government debt	93		248		—		341		65		425		—		490
Trading assets:
Asset-backed securities	—		153		7		160		—		275		94		369
Corporate debt	2,273		920		—		3,193		1,744		564		—		2,308
Financial institution instruments	904		675		—		1,579		930		701		—		1,631
Government debt	2,399		2,416		—		4,815		1,107		1,908		—		3,015
Other current assets:
Derivative assets	—		313		—		313		32		412		1		445
Loans receivable	—		292		—		292		—		137		—		137
Marketable equity securities	6,022		—		—		6,022		5,891		69		—		5,960
Other long-term investments:
Asset-backed securities	—		—		—		—		—		—		4		4
Corporate debt	1,063		842		—		1,905		407		801		—		1,208
Financial institution instruments	697		924		—		1,621		171		381		—		552
Government debt	468		195		—		663		79		48		—		127
Other long-term assets:
Derivative assets	—		178		67		245		—		30		10		40
Loans receivable	—		311		—		311		—		342		—		342
Total assets measured and recorded at fair value	16,516		11,411		88		28,015		19,145		13,388		129		32,662
Liabilities
Other accrued liabilities:
Derivative liabilities	—		368		—		368		2		210		—		212
Other long-term liabilities:
Derivative liabilities	—		21		—		21		—		33		—		33
Total liabilities measured and recorded at fair value	$	—	$	389	$	—	$	389	$	2	$	243	$	—	$	245

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:

	October 1, 2016
(In Millions)	Carrying Amount		Fair Value Measured Using						Fair Value
			Level 1		Level 2		Level 3
Grants receivable	$	557	$	—	$	559	$	—	$	559
Loans receivable	$	265	$	—	$	265	$	—	$	265
Non-marketable cost method investments	$	3,157	$	—	$	—	$	4,014	$	4,014
Reverse repurchase agreements	$	250	$	—	$	250	$	—	$	250
Short-term debt	$	3,557	$	2,003	$	2,195	$	—	$	4,198
Long-term debt	$	24,043	$	15,880	$	10,543	$	—	$	26,423

	December 26, 2015
(In Millions)	Carrying Amount		Fair Value Measured Using						Fair Value
			Level 1		Level 2		Level 3
Grants receivable	$	593	$	—	$	600	$	—	$	600
Loans receivable	$	315	$	—	$	315	$	—	$	315
Non-marketable cost method investments	$	2,933	$	—	$	—	$	3,904	$	3,904
Reverse repurchase agreements	$	1,000	$	—	$	1,000	$	—	$	1,000
Short-term debt	$	2,593	$	1,513	$	1,563	$	—	$	3,076
Long-term debt	$	20,036	$	14,058	$	6,835	$	—	$	20,893
NVIDIA Corporation cross-license agreement liability	$	199	$	—	$	200	$	—	$	200

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Cash and Investments (Tables)

9 Months Ended

Oct. 01, 2016

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)	Oct 1, 2016		Dec 26, 2015
Available-for-sale investments	$	16,339	$	22,007
Cash	1,126		1,466
Equity method investments	1,508		1,590
Loans receivable	868		794
Non-marketable cost method investments	3,157		2,933
Reverse repurchase agreements	1,018		3,368
Trading assets	9,747		7,323
Total cash and investments	$	33,763	$	39,481

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:

	October 1, 2016									December 26, 2015
(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	$	—	$	—	$	—		$	—	$	5	$	—	$	(1	)	$	4
Corporate debt	3,347		8		(8		)	3,347		4,164		3		(10		)	4,157
Financial institution instruments	5,910		7		(1		)	5,916		11,140		1		(2		)	11,139
Government debt	1,051		3		—			1,054		748		—		(1		)	747
Marketable equity securities	2,793		3,230		(1		)	6,022		3,254		2,706		—			5,960
Total available-for-sale investments	$	13,101	$	3,248	$	(10	)	$	16,339	$	19,311	$	2,710	$	(14	)	$	22,007

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 October 1, 2016, were as follows:

(In Millions)	Cost		Fair Value
Due in 1 year or less	$	4,220	$	4,217
Due in 1–2 years	2,090		2,095
Due in 2–5 years	2,088		2,095
Instruments not due at a single maturity date	1,910		1,910
Total	$	10,308	$	10,317

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Inventories (Tables)

9 Months Ended

Oct. 01, 2016

Inventory, Net [Abstract]

Schedule of Inventory, Current [Table Text Block]

Inventories at the end of each period were as follows:

(In Millions)	Oct 1, 2016		Dec 26, 2015
Raw materials	$	688	$	532
Work in process	3,443		2,893
Finished goods	1,652		1,742
Total inventories	$	5,783	$	5,167

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Derivative Financial Instruments (Tables)

9 Months Ended

Oct. 01, 2016

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)	Oct 1, 2016		Dec 26, 2015		Sep 26, 2015
Currency forwards	$	10,639	$	11,212	$	12,395
Currency interest rate swaps	7,194		5,509		4,966
Embedded debt derivatives	3,600		3,600		3,600
Interest rate swaps	6,446		5,212		1,740
Total return swaps	1,276		1,061		1,020
Other	79		61		64
Total	$	29,234	$	26,655	$	23,785

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)	Oct 1, 2016		Dec 26, 2015		Sep 26, 2015
Chinese yuan	$	1,600	$	2,231	$	2,650
Euro	6,199		6,084		6,546
Israeli shekel	1,985		1,674		1,938
Japanese yen	2,890		2,663		2,733
Other	5,159		4,069		3,494
Total	$	17,833	$	16,721	$	17,361

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:

	October 1, 2016								December 26, 2015
(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	$	155	$	2	$	15	$	1	$	20	$	3	$	83	$	2
Interest rate swaps	—		175		—		—		—		1		—		14
Currency interest rate swaps	—		48		—		—		—		7		—		—
Total derivatives designated as hedging instruments	155		225		15		1		20		11		83		16
Derivatives not designated as hedging instruments:
Currency forwards	41		1		25		1		20		—		63		—
Currency interest rate swaps	112		8		309		—		370		18		52		—
Embedded debt derivatives	—		—		—		19		—		—		—		17
Interest rate swaps	3		—		19		—		2		—		12		—
Total return swaps	—		—		—		—		32		—		2		—
Other	2		11		—		—		1		11		—		—
Total derivatives not designated as hedging instruments	158		20		353		20		425		29		129		17
Total derivatives	$	313	$	245	$	368	$	21	$	445	$	40	$	212	$	33

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:

	October 1, 2016
							Gross Amounts Not Offset in the Balance Sheet
(In Millions)	Gross Amounts Recognized		Gross Amounts Offset in the Balance Sheet		Net Amounts Presented in the Balance Sheet		Financial Instruments			Cash and Non-Cash Collateral Received or Pledged			Net Amount
Assets:
Derivative assets subject to master netting arrangements	$	552	$	—	$	552	$	(243	)	$	(210	)	$	99
Reverse repurchase agreements	1,018		—		1,018		—			(1,018		)	—
Total assets	1,570		—		1,570		(243		)	(1,228		)	99
Liabilities:
Derivative liabilities subject to master netting arrangements	385		—		385		(243		)	(142		)	—
Total liabilities	$	385	$	—	$	385	$	(243	)	$	(142	)	$	—

	December 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	$	482	$	—	$	482	$	(201	)	$	(188	)	$	93
Reverse repurchase agreements	3,368		—		3,368		—			(3,368		)	—
Total assets	3,850		—		3,850		(201		)	(3,556		)	93
Liabilities:
Derivative liabilities subject to master netting arrangements	242		—		242		(201		)	(27		)	14
Total liabilities	$	242	$	—	$	242	$	(201	)	$	(27	)	$	14

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)	Oct 1, 2016		Sep 26, 2015			Oct 1, 2016		Sep 26, 2015
Currency forwards	$	65	$	(68	)	$	356	$	(268	)
Currency interest rate swaps and other	27		—			18		—
Total	$	92	$	(68	)	$	374	$	(268	)

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	Oct 1, 2016			Sep 26, 2015			Oct 1, 2016			Sep 26, 2015
Currency forwards	Interest and other, net	$	6		$	(19	)	$	2		$	(33	)
Currency interest rate swaps	Interest and other, net	(41		)	80			(211		)	283
Interest rate swaps	Interest and other, net	7			(3		)	(8		)	(8		)
Total return swaps	Various	78			(90		)	92			(48		)
Other	Various	(6		)	(3		)	(2		)	(17		)
Total		$	44		$	(35	)	$	(127	)	$	177

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)	Oct 1, 2016			Sep 26, 2015			Oct 1, 2016			Sep 26, 2015
Interest rate swap	$	(34	)	$	3		$	188		$	3
Hedged item	34			(3		)	(188		)	(3		)
Total	$	—		$	—		$	—		$	—

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Acquisitions and Divestitures (Tables)

9 Months Ended

Oct. 01, 2016

Business Acquisition [Line Items]

Business Acquisition, Pro Forma Information [Table Text Block]

The pro forma financial results presented below do not include any anticipated synergies or other expected benefits of the acquisitions. This is presented for informational purposes only and is not indicative of future operations or results that would have been achieved had the acquisitions been completed as of the beginning of our 2015 fiscal year.

	Three Months Ended				Nine Months Ended
(In Millions, Except Per Share Amounts)	Oct 1, 2016		Sep 26, 2015		Oct 1, 2016		Sep 26, 2015
Net revenue	$	15,778	$	14,865	$	43,112	$	41,592
Net income	$	3,370	$	3,016	$	7,225	$	6,996
Diluted earnings per share	$	0.69	$	0.62	$	1.48	$	1.43

Disposal Group, Held-for-sale, Not Discontinued Operations [Member] | Intel Security Group [Member]

Business Acquisition [Line Items]

Disposal Groups, Including Discontinued Operations [Table Text Block]

The carrying amounts of the major classes of ISecG assets and liabilities held for sale included the following:

(In Millions)	Oct 1, 2016
Accounts receivable	$	309
Goodwill	3,600
Identified intangible assets	966
Other assets	202
Total assets held for sale	$	5,077
Deferred income	$	1,519
Other liabilities	362
Total liabilities held for sale	$	1,881

Altera Corporation [Member]

Business Acquisition [Line Items]

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

Total consideration to acquire Altera was $14.5 billion (net of $2.0 billion of cash and cash equivalents acquired) and comprised the following:

(In Millions)
Cash, net of cash acquired	$	14,401
Share-based awards assumed	50
Total	$	14,451

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

The preliminary fair values of the assets acquired and liabilities assumed by major class in the acquisition of Altera were recognized as follows:

(In Millions)
Short-term investments	$	182
Receivables	368
Inventory	555
Other current assets	123
Property, plant & equipment	312
Goodwill	5,433
Identified intangible assets	7,566
Other long-term investments and assets	2,515
Deferred income	(336		)
Other liabilities	(283		)
Long-term debt	(1,535		)
Deferred tax liabilities	(449		)
Total	$	14,451

Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]

The identified intangible assets assumed in the acquisition of Altera were recognized as follows based upon their fair values as of December 28, 2015:

	Fair Value (In Millions)		Weighted Average Estimated Useful Life (In Years)
Developed technology	$	5,757	9
Customer relationships	1,121		12
Brands	87		6
Identified intangible assets subject to amortization	6,965
In-process research and development	601
Identified intangible assets not subject to amortization	601
Total identified intangible assets	$	7,566

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Goodwill (Tables)

9 Months Ended

Oct. 01, 2016

Business Combination, Goodwill [Abstract]

Schedule of Goodwill [Table Text Block]

Goodwill activity for the first nine months of 2016 was as follows:

(In Millions)	Dec 26, 2015		Acquisitions		Transfers			Other			Oct 1, 2016
Client Computing Group (CCG)	$	4,078	$	65	$	213		$	—		$	4,356
Data Center Group (DCG)	2,404		2,829		177			—			5,410
Internet of Things Group (IOTG)	428		622		36			—			1,086
Non-Volatile Memory Solutions Group (NSG)	—		—		—			—			—
Intel Security Group (ISecG)	3,599		—		—			(3,599		)	—
Software and Services Group (SSG)	441		—		(441		)	—			—
Programmable Solutions Group (PSG)	—		2,475		—			—			2,475
All other	382		144		15			—			541
Total	$	11,332	$	6,135	$	—		$	(3,599	)	$	13,868

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Identified Intangible Assets (Tables)

9 Months Ended

Oct. 01, 2016

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:

	October 1, 2016
(In Millions)	Gross Assets		Accumulated Amortization			Net
Acquisition-related developed technology	$	7,399	$	(1,650	)	$	5,749
Acquisition-related customer relationships	1,434		(225		)	1,209
Acquisition-related brands	87		(15		)	72
Licensed technology and patents	3,045		(1,373		)	1,672
Identified intangible assets subject to amortization	11,965		(3,263		)	8,702
Acquisition-related brands	—		—			—
Other intangible assets	822		—			822
Identified intangible assets not subject to amortization	822		—			822
Total identified intangible assets	$	12,787	$	(3,263	)	$	9,524

	December 26, 2015
(In Millions)	Gross Assets		Accumulated Amortization			Net
Acquisition-related developed technology	$	2,928	$	(2,276	)	$	652
Acquisition-related customer relationships	1,738		(1,219		)	519
Acquisition-related brands	59		(55		)	4
Licensed technology and patents	3,017		(1,200		)	1,817
Identified intangible assets subject to amortization	7,742		(4,750		)	2,992
Acquisition-related brands	767		—			767
Other intangible assets	174		—			174
Identified intangible assets not subject to amortization	941		—			941
Total identified intangible assets	$	8,683	$	(4,750	)	$	3,933

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

Amortization expenses recorded in the consolidated condensed statements of income for each period were as follows:

		Three Months Ended				Nine Months Ended
(In Millions)	Location	Oct 1, 2016		Sep 26, 2015		Oct 1, 2016		Sep 26, 2015
Acquisition-related developed technology	Cost of sales	$	235	$	76	$	705	$	271
Acquisition-related customer relationships	Amortization of acquisition-related intangibles	69		66		234		192
Acquisition-related brands	Amortization of acquisition-related intangibles	5		2		19		6
Licensed technology and patents	Cost of sales	76		71		218		211
Total amortization expenses		$	385	$	215	$	1,176	$	680

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

Based on identified intangible assets that are subject to amortization as of October 1, 2016, we expect future amortization expenses for each period to be as follows:

(In Millions)	Remainder of 2016		2017		2018		2019		2020
Acquisition-related developed technology	$	232	$	794	$	777	$	774	$	742
Acquisition-related customer relationships	33		123		122		122		120
Acquisition-related brands	5		13		13		13		13
Licensed technology and patents	75		261		212		200		174
Total future amortization expenses	$	345	$	1,191	$	1,124	$	1,109	$	1,049

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Other Long-Term Assets (Tables)

9 Months Ended

Oct. 01, 2016

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)	Oct 1, 2016		Dec 26, 2015
Equity method investments	$	1,508	$	1,590
Non-marketable cost method investments	3,157		2,933
Non-current deferred tax assets	730		1,052
Pre-payments for property, plant and equipment	476		623
Loans receivable	311		642
Grants receivable	324		318
Reverse repurchase agreements	250		350
Other	935		657
Total other long-term assets	$	7,691	$	8,165

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Restructuring and Other Charges (Tables)

9 Months Ended

Oct. 01, 2016

Restructuring Cost and Reserve [Line Items]

Restructuring and Related Costs [Table Text Block]

Restructuring and other charges for each period were as follows:

	Three Months Ended				Nine Months Ended
(In Millions)	Oct 1, 2016		Sep 26, 2015		Oct 1, 2016		Sep 26, 2015
2016 Restructuring Program	$	349	$	—	$	1,763	$	—
2013 and 2015 Restructuring Programs	—		14		—		367
Other charges	23		—		23		—
Total restructuring and other charges	$	372	$	14	$	1,786	$	367

2016 Restructuring Program [Member]

Restructuring Cost and Reserve [Line Items]

Restructuring and Related Costs [Table Text Block]

Restructuring and other charges by type for the 2016 Restructuring Program for the period were as follows:

	Three Months Ended		Nine Months Ended
(In Millions)	Oct 1, 2016		Oct 1, 2016
Employee severance and benefit arrangements	$	338	$	1,752
Pension settlement charges	10		10
Asset impairments and other charges	1		1
Total restructuring and other charges	$	349	$	1,763

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

Restructuring and other activity for the 2016 Restructuring Program for thefirst nine months of 2016 was as follows:

(In Millions)	Employee Severance and Benefits			Asset Impairments and Other		Total
Accrued restructuring balance as of December 26, 2015	$	—		$	—	$	—
Additional accruals	1,511			1		1,512
Adjustments	150			—		150
Cash payments	(940		)	—		(940		)
Non-cash settlements	(8		)	—		(8		)
Accrued restructuring balance as of October 1, 2016	$	713		$	1	$	714

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Deferred Income (Tables)

9 Months Ended

Oct. 01, 2016

Deferred Revenue [Abstract]

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

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

(In Millions)	Oct 1, 2016		Dec 26, 2015
Deferred income on shipments of components to distributors	$	1,553	$	920
Deferred income from software, services and other	171		1,268
Current deferred income	1,724		2,188
Non-current deferred income from software, services and other	63		530
Total deferred income	$	1,787	$	2,718

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Borrowings (Tables)

9 Months Ended

Oct. 01, 2016

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)	Oct 1, 2016			Dec 26, 2015
Drafts payable	$	16		$	41
Commercial paper	450			—
Current portion of long-term debt	3,115			2,602
Less: debt issuance costs associated with the current portion of long-term debt	(8		)	(9		)
Total short-term debt	$	3,573		$	2,634

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	Oct 1, 2016			Dec 26, 2015
Second quarter 2016 debt issuance of $2.8 billion
Senior notes	May 2021	1.70%	$	499		$	—
Senior notes	May 2026	2.60%	998			—
Senior notes	May 2046	4.10%	1,243			—
First quarter 2016 acquired Altera debt of $1.5 billion
Senior notes	May 2017	1.75%	501			—
Senior notes	November 2018	2.50%	605			—
Senior notes	November 2023	4.10%	425			—
Fourth quarter 2015 debt issuance of $915 million
Senior notes	December 2045	4.70%	944			908
Fourth quarter 2015 Australian dollar-denominated debt issuance of A$800 million
Senior notes1	December 2019	3.25%	192			181
Senior notes1	December 2022	4.00%	422			397
Third quarter 2015 debt issuance of $1.0 billion
Senior notes	August 2045	4.90%	1,027			1,009
Third quarter 2015 debt issuance of $7.0 billion
Senior notes	July 2020	2.45%	1,749			1,748
Senior notes	July 2022	3.10%	1,035			996
Senior notes	July 2025	3.70%	2,277			2,247
Senior notes	July 2045	4.90%	1,999			1,998
2012 debt issuance of $6.2 billion
Senior notes	December 2017	1.35%	2,999			2,999
Senior notes	December 2022	2.70%	1,557			1,492
Senior notes	December 2032	4.00%	745			744
Senior notes	December 2042	4.25%	924			924
2011 debt issuance of $5.0 billion
Senior notes	October 2016	1.95%	1,500			1,499
Senior notes	October 2021	3.30%	1,998			1,997
Senior notes	October 2041	4.80%	1,491			1,490
2009 debt issuance of $2.0 billion
Junior subordinated convertible debentures	August 2039	3.25%	1,114			1,103
2005 debt issuance of $1.6 billion
Junior subordinated convertible debentures	December 2035	2.95%	987			975
Long-term debt			27,231			22,707
Less: current portion of long-term debt			(3,115		)	(2,602		)
Less: debt issuance costs			(73		)	(69		)
Total long-term debt			$	24,043		$	20,036

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Employee Equity Incentive Plans (Tables)

9 Months Ended

Oct. 01, 2016

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 RSU 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, referred to in our 2016 Proxy Statement as outperformance restricted stock units (OSUs), using a Monte Carlo simulation model on the date of grant. We based the weighted average estimated value of RSU 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
	Oct 1, 2016			Sep 26, 2015			Oct 1, 2016			Sep 26, 2015
Estimated values	$	32.65		$	26.62		$	29.64		$	31.64
Risk-free interest rate	0.7		%	0.6		%	0.9		%	0.6		%
Dividend yield	3.0		%	3.4		%	3.3		%	2.9		%
Volatility	24		%	n/a			23		%	27		%

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

Restricted stock unit activity in the first nine months of 2016 was as follows:

	Number of RSUs (In Millions)		Weighted Average Grant-Date Fair Value
December 26, 2015	107.4		$	26.93
Granted	51.1		$	29.64
Assumed in acquisition	7.3		$	33.79
Vested	(47.5	)	$	26.18
Forfeited	(9.5	)	$	28.09
October 1, 2016	108.8		$	28.89

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

9 Months Ended

Oct. 01, 2016

Gain (Loss) on Investments [Abstract]

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)	Oct 1, 2016			Sep 26, 2015			Oct 1, 2016			Sep 26, 2015
Share of equity method investee losses, net	$	(10	)	$	(22	)	$	(30	)	$	(81	)
Impairments	(48		)	(28		)	(137		)	(107		)
Gains on sales, net	38			11			553			110
Dividends	—			5			74			52
Other, net	8			199			28			323
Total gains (losses) on equity investments, net	$	(12	)	$	165		$	488		$	297

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Interest and Other, Net (Tables)

9 Months Ended

Oct. 01, 2016

Other Nonoperating Income (Expense) [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)	Oct 1, 2016			Sep 26, 2015			Oct 1, 2016			Sep 26, 2015
Interest income	$	56		$	31		$	159		$	91
Interest expense	(180		)	(116		)	(575		)	(211		)
Other, net	(8		)	(19		)	76			29
Total interest and other, net	$	(132	)	$	(104	)	$	(340	)	$	(91	)

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Earnings Per Share (Tables)

9 Months Ended

Oct. 01, 2016

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)	Oct 1, 2016		Sep 26, 2015		Oct 1, 2016		Sep 26, 2015
Net income available to common stockholders	$	3,378	$	3,109	$	6,754	$	7,807
Weighted average shares of common stock outstanding—basic	4,734		4,747		4,728		4,749
Dilutive effect of employee equity incentive plans	47		48		54		64
Dilutive effect of convertible debt	96		81		90		87
Weighted average shares of common stock outstanding—diluted	4,877		4,876		4,872		4,900
Basic earnings per share of common stock	$	0.71	$	0.65	$	1.43	$	1.64
Diluted earnings per share of common stock	$	0.69	$	0.64	$	1.39	$	1.59

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Other Comprehensive Income (Loss) (Tables)

9 Months Ended

Oct. 01, 2016

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 2016 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 26, 2015	$	1,749		$	8		$	(266	)	$	(40	)	$	(876	)	$	(515	)	$	60
Other comprehensive income (loss) before reclassifications	1,078			—			374			—			(512		)	(1		)	939
Amounts reclassified out of accumulated other comprehensive income (loss)	(530		)	—			28			6			46			—			(450		)
Tax effects	(191		)	(5		)	(128		)	(2		)	177			—			(149		)
Other comprehensive income (loss)	357			(5		)	274			4			(289		)	(1		)	340
October 1, 2016	$	2,106		$	3		$	8		$	(36	)	$	(1,165	)	$	(516	)	$	400

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 for each period were as follows:

	Income Before Taxes Impact (In Millions)
	Three Months Ended						Nine Months Ended
Comprehensive Income Components	Oct 1, 2016			Sep 26, 2015			Oct 1, 2016			Sep 26, 2015			Location
Unrealized holding gains (losses)1 on available-for-sale investments:
	$	42		$	11		$	530		$	85		Gains (losses) on equity investments, net
	—			1			—			1			Interest and other, net
	42			12			530			86
Unrealized holding gains (losses) on derivatives:
Currency forwards	(11		)	(81		)	(70		)	(217		)	Cost of sales
	(2		)	(50		)	(5		)	(145		)	Research and development
	1			(16		)	—			(38		)	Marketing, general and administrative
	—			—			10			—			Gains (losses) on equity investments, net
Other instruments	—			—			1			—			Gains (losses) on equity investments, net
	19			—			36			—			Interest and other, net
	7			(147		)	(28		)	(400		)
Amortization of pension and postretirement benefit components:
Prior service credits (costs)	(2		)	(2		)	(6		)	(6		)
Actuarial gains (losses)	(20		)	(15		)	(46		)	(43		)
	(22		)	(17		)	(52		)	(49		)
Total amounts reclassified out of accumulated other comprehensive income (loss)	$	27		$	(152	)	$	450		$	(363	)

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Operating Segments Information (Tables)

9 Months Ended

Oct. 01, 2016

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)	Oct 1, 2016			Sep 26, 2015			Oct 1, 2016			Sep 26, 2015
Net revenue:
Client Computing Group
Platform	$	8,258		$	8,094		$	22,395		$	22,280
Other	634			412			1,384			1,183
	8,892			8,506			23,779			23,463
Data Center Group
Platform	4,164			3,857			11,589			10,842
Other	378			283			979			831
	4,542			4,140			12,568			11,673
Internet of Things Group
Platform	605			501			1,673			1,450
Other	84			80			239			223
	689			581			1,912			1,673
Non-Volatile Memory Solutions Group	649			655			1,760			1,943
Intel Security Group	537			506			1,611			1,473
Programmable Solutions Group	425			—			1,249			—
All other	44			77			134			216
Total net revenue	$	15,778		$	14,465		$	43,013		$	40,441
Operating income (loss):
Client Computing Group	$	3,327		$	2,433		$	7,123		$	5,447
Data Center Group	2,110			2,130			5,639			5,672
Internet of Things Group	191			150			403			382
Non-Volatile Memory Solutions Group	(134		)	51			(453		)	215
Intel Security Group	115			97			297			134
Programmable Solutions Group	78			—			(184		)	—
All other	(1,225		)	(669		)	(4,477		)	(2,147		)
Total operating income	$	4,462		$	4,192		$	8,348		$	9,703

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Change in Accounting Estimate (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended	9 Months Ended	12 Months Ended
	Oct. 01, 2016	Oct. 01, 2016	Dec. 26, 2015
Service Life [Member]
Change in Accounting Estimate [Line Items]
Change in Accounting Estimate Impact, Operating Income	$ 425	$ 925
Change in Accounting Estimate Impact, Net Income	$ 300	$ 650
Change in Accounting Estimate Impact, Earnings Per Share	$ 0.06	$ 0.13
Machinery and Equipment [Member]
Change in Accounting Estimate [Line Items]
Property, Plant and Equipment, Useful Life		5 years	4 years

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Recent Accounting Standards (Details) - New Accounting Pronouncement, Early Adoption, Effect [Member] $ in Millions	Dec. 26, 2015 USD ($)
Current Deferred Tax Assets [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
New Accounting Pronouncement or Change In Accounting Principle, Effect of Change on Assets	$ (2,000)
Non-Current Deferred Tax Assets [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
New Accounting Pronouncement or Change In Accounting Principle, Effect of Change on Assets	430
Current Deferred Tax Liabilities [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
New Accounting Pronouncement or Change in Accounting Principle, Effect of Change on Liabilities	(21)
Non-Current Deferred Tax Liabilities [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
New Accounting Pronouncement or Change in Accounting Principle, Effect of Change on Liabilities	$ (1,600)

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Fair Value (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 01, 2016	Sep. 26, 2015	Oct. 01, 2016	Sep. 26, 2015	Dec. 26, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading assets, Fair Value Disclosure	$ 9,747		$ 9,747		$ 7,323
Other than Temporary Impairment Losses, Investments	48	$ 28	137	$ 107
Loans receivable	868		868		794
Non-marketable cost method investments	3,157		3,157		2,933
Reverse repurchase agreements	1,018		1,018		3,368
Long-term debt	24,043		24,043		20,036
Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	28,015		28,015		32,662
Liabilities, Fair Value Disclosure	389		389		245
Fair Value, Measurements, Nonrecurring [Member] | Carrying Amount [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Grants Receivable	557		557		593
Loans receivable	265		265		315
Non-marketable cost method investments	3,157		3,157		2,933
Reverse repurchase agreements	250		250		1,000
Short-term debt	3,557		3,557		2,593
Long-term debt	24,043		24,043		20,036
Fair Value, Measurements, Nonrecurring [Member] | Carrying Amount [Member] | NVIDIA Corporation cross-license agreement liability [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notes payable					199
Fair Value, Measurements, Nonrecurring [Member] | Portion at Other than Fair Value Measurement [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Grants Receivable	559		559		600
Loans receivable	265		265		315
Non-marketable cost method investments, Fair Value Disclosure	4,014		4,014		3,904
Reverse repurchase agreements	250		250		1,000
Short-term debt, Fair Value Disclosure	4,198		4,198		3,076
Long-term debt	26,423		26,423		20,893
Fair Value, Measurements, Nonrecurring [Member] | Portion at Other than Fair Value Measurement [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
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	3,193		3,193		2,308
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	1,579		1,579		1,631
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	4,815		4,815		3,015
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	160		160		369
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	6,022		6,022		5,960
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	508	821	508	821
Fair Value, Assets, Level 2 to Level 1 Transfers, Amount	401	148	401	148
Non-marketable equity investments [Member] | Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other than Temporary Impairment Losses, Investments	48	$ 27	132	$ 100
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	113		113		1,829
Cash Equivalents [Member] | Financial Institution Instruments [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	2,695		2,695		9,515
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	50		50		130
Cash Equivalents [Member] | Repurchase Agreements [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	768		768		2,368
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	1,329		1,329		1,120
Short-Term Investments [Member] | Financial Institution Instruments [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	1,600		1,600		1,072
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	341		341		490
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	313		313		445
Loans receivable, Fair Value Disclosure	292		292		137
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	1,905		1,905		1,208
Other Long-Term Investments [Member] | Financial Institution Instruments [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	1,621		1,621		552
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	663		663		127
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		4
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	245		245		40
Loans receivable, Fair Value Disclosure	311		311		342
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	368		368		212
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	21		21		33
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	16,516		16,516		19,145
Liabilities, Fair Value Disclosure	0		0		2
Level 1 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Portion at Other than Fair Value Measurement [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Grants Receivable	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	2,003		2,003		1,513
Long-term debt	15,880		15,880		14,058
Level 1 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Portion at Other than Fair Value Measurement [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
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	2,273		2,273		1,744
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	904		904		930
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	2,399		2,399		1,107
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	6,022		6,022		5,891
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	1,910		1,910		8,238
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	0		0		0
Level 1 [Member] | Cash Equivalents [Member] | Repurchase Agreements [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	0		0		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	492		492		336
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	195		195		145
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	93		93		65
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		32
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	1,063		1,063		407
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	697		697		171
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	468		468		79
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		2
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	11,411		11,411		13,388
Liabilities, Fair Value Disclosure	389		389		243
Level 2 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Portion at Other than Fair Value Measurement [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Grants Receivable	559		559		600
Loans receivable	265		265		315
Non-marketable cost method investments, Fair Value Disclosure	0		0		0
Reverse repurchase agreements	250		250		1,000
Short-term debt, Fair Value Disclosure	2,195		2,195		1,563
Long-term debt	10,543		10,543		6,835
Level 2 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Portion at Other than Fair Value Measurement [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
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	920		920		564
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	675		675		701
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	2,416		2,416		1,908
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	153		153		275
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	0		0		69
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	113		113		1,829
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	785		785		1,277
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	50		50		130
Level 2 [Member] | Cash Equivalents [Member] | Repurchase Agreements [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	768		768		2,368
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	823		823		764
Level 2 [Member] | Short-Term Investments [Member] | Financial Institution Instruments [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	1,405		1,405		927
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	248		248		425
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	313		313		412
Loans receivable, Fair Value Disclosure	292		292		137
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	842		842		801
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	924		924		381
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	195		195		48
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	0		0		0
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	178		178		30
Loans receivable, Fair Value Disclosure	311		311		342
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	368		368		210
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	21		21		33
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	88		88		129
Liabilities, Fair Value Disclosure	0		0		0
Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Portion at Other than Fair Value Measurement [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Grants Receivable	0		0		0
Loans receivable	0		0		0
Non-marketable cost method investments, Fair Value Disclosure	4,014		4,014		3,904
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, Measurements, Nonrecurring [Member] | Portion at Other than Fair Value Measurement [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
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	7		7		94
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] | 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] | Cash Equivalents [Member] | Repurchase Agreements [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	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	14		14		20
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	0		0		1
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	0		0		0
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	0		0		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	67		67		10
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	0		0		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

XML

Cash and Investments (Detail) - USD ($) $ in Millions	Oct. 01, 2016	Dec. 26, 2015
Investments and Cash [Abstract]
Available-for-sale investments	$ 16,339	$ 22,007
Cash	1,126	1,466
Equity method investments	1,508	1,590
Loans receivable	868	794
Non-marketable cost method investments	3,157	2,933
Reverse repurchase agreements	1,018	3,368
Trading assets	9,747	7,323
Total cash and investments	$ 33,763	$ 39,481

XML

Cash and Investments, Available-for-Sale Investments (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 01, 2016	Sep. 26, 2015	Oct. 01, 2016	Sep. 26, 2015	Dec. 26, 2015
Available-for-sale Securities [Abstract]
Fair Value	$ 10,317		$ 10,317
Adjusted Cost, Total	13,101		13,101		$ 19,311
Gross Unrealized Gains, Total	3,248		3,248		2,710
Gross Unrealized Losses, Total	(10)		(10)		(14)
Fair Value, Total	16,339		16,339		22,007
Available-for-sale Securities, Gross Realized Gains (Losses), Sale Proceeds	195	$ 1,076	4,000	$ 1,185
Available-for-sale Securities, Gross Realized Gains	41	12	538	97
Due in 1 year or less, Fair Value	4,217		4,217
Due in 1-2 years, Fair Value	2,095		2,095
Due in 2-5 years, Fair Value	2,095		2,095
Instruments not due at a single maturity date, Fair Value	1,910		1,910
Cash and Cash Equivalents [Member]
Available-for-sale Securities [Abstract]
Available-for-sale Securities, Gross Realized Gains (Losses), Sale Proceeds	87	$ 134	216	$ 134
Asset-Backed Securities [Member]
Available-for-sale Securities [Abstract]
Adjusted Cost	0		0		5
Gross Unrealized Gains	0		0		0
Gross Unrealized Losses	0		0		(1)
Fair Value	0		0		4
Corporate Debt Securities [Member]
Available-for-sale Securities [Abstract]
Adjusted Cost	3,347		3,347		4,164
Gross Unrealized Gains	8		8		3
Gross Unrealized Losses	(8)		(8)		(10)
Fair Value	3,347		3,347		4,157
Financial Institution Instruments [Member]
Available-for-sale Securities [Abstract]
Adjusted Cost	5,910		5,910		11,140
Gross Unrealized Gains	7		7		1
Gross Unrealized Losses	(1)		(1)		(2)
Fair Value	5,916		5,916		11,139
Government Debt [Member]
Available-for-sale Securities [Abstract]
Adjusted Cost	1,051		1,051		748
Gross Unrealized Gains	3		3		0
Gross Unrealized Losses	0		0		(1)
Fair Value	1,054		1,054		747
Marketable Equity Securities [Member]
Available-for-sale Securities [Abstract]
Adjusted Cost	2,793		2,793		3,254
Gross Unrealized Gains	3,230		3,230		2,706
Gross Unrealized Losses	(1)		(1)		0
Fair Value	6,022		6,022		$ 5,960
Debt Securities [Member]
Available-for-sale Securities [Abstract]
Adjusted Cost	10,308		10,308
Due in 1 year or less, Cost	4,220		4,220
Due in 1-2 years, Cost	2,090		2,090
Due in 2-5 years, Cost	2,088		2,088
Instruments not due at a single maturity date, Cost	$ 1,910		$ 1,910

XML

Cash and Investments, Equity Method Investments (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 01, 2016	Sep. 26, 2015	Oct. 01, 2016	Sep. 26, 2015	Dec. 26, 2015
Schedule of Equity Method Investments [Line Items]
Carrying Value, equity method investments	$ 1,508		$ 1,508		$ 1,590
Carrying Value, cost method investments	$ 3,157		$ 3,157		2,933
IM Flash Technologies, LLC [Member]
Schedule of Equity Method Investments [Line Items]
Ownership Percentage	49.00%		49.00%
Carrying Value, equity method investments	$ 886		$ 886		872
Variable Interest Entity, Reporting Entity Involvement, Known Maximum Loss Exposure, Amount	$ 886		$ 886
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	$ 115	$ 315	$ 315
Due to Related Parties	$ 90		$ 90		20
Cloudera, Inc. [Member]
Schedule of Equity Method Investments [Line Items]
Ownership Percentage	16.00%		16.00%
Carrying Value, equity method investments	$ 233		$ 233		256
Carrying Value, cost method investments	$ 454		$ 454		$ 454

XML

Cash and Investments, Non-marketable Cost Method Investments (Details) $ in Millions, ¥ in Billions	Oct. 01, 2016 CNY (¥)	Oct. 01, 2016 USD ($)	Dec. 26, 2015 USD ($)
Schedule of Cost-method Investments [Line Items]
Carrying Value, cost method investments		$ 3,157	$ 2,933
Beijing UniSpreadtrum Technology Ltd. [Member] | Subject To Regulatory Approvals And Other Closing Conditions [Member]
Schedule of Cost-method Investments [Line Items]
Carrying Value, 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]
Carrying Value, 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]
Carrying Value, cost method investments		$ 500

XML

Cash and Investments, Trading Assets (Detail) - Debt Securities [Member] - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 01, 2016	Sep. 26, 2015	Oct. 01, 2016	Sep. 26, 2015
Schedule Of Trading Securities And Other Trading Assets [Line Items]
Trading Securities, Change in Unrealized Holding Gain (Loss)	$ 72	$ (88)	$ 245	$ (151)
Unrealized Gain (Loss) on Derivatives	$ (54)	$ 72	$ (224)	$ 138

XML

Inventories (Detail) - USD ($) $ in Millions	Oct. 01, 2016	Dec. 26, 2015
Inventory, Net, Items Net of Reserve Alternative [Abstract]
Raw materials	$ 688	$ 532
Work in process	3,443	2,893
Finished goods	1,652	1,742
Total inventories	$ 5,783	$ 5,167

XML

Derivative Financial Instruments (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 01, 2016	Sep. 26, 2015	Oct. 01, 2016	Sep. 26, 2015	Dec. 26, 2015
Notional Disclosures [Abstract]
Derivative, Notional Amount	$ 29,234	$ 23,785	$ 29,234	$ 23,785	$ 26,655
Offsetting Derivative Assets [Abstract]
Derivative Assets Subject to Master Netting Arrangements, Gross Amounts Recognized	552		552		482
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	552		552		482
Derivative Assets Subject To Master Netting Arrangements, Gross Amounts Not Offset In The Balance Sheet - Financial Instruments	(243)		(243)		(201)
Derivative Assets Subject To Master Netting Arrangements, Gross Amounts Not Offset In The Balance Sheet - Cash And Non-Cash Collateral Received Or Pledged	(210)		(210)		(188)
Derivative Assets Subject To Master Netting Arrangements, Net Amount	99		99		93
Reverse Repurchase Agreements, Gross Amounts Recognized	1,018		1,018		3,368
Reverse Repurchase Agreements, Gross Amounts Offset In The Balance Sheet	0		0		0
Reverse Repurchase Agreements, Net Amounts Presented In The Balance Sheet	1,018		1,018		3,368
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	(1,018)		(1,018)		(3,368)
Reverse Repurchase Agreements, Net Amount	0		0		0
Total Assets, Gross Amounts Recognized	1,570		1,570		3,850
Total Assets, Gross Amounts Offset In The Balance Sheet	0		0		0
Total Assets, Net Amounts Presented In The Balance Sheet	1,570		1,570		3,850
Total Assets, Gross Amounts Not Offset In The Balance Sheet - Financial Instruments	(243)		(243)		(201)
Total Assets, Gross Amounts Not Offset In The Balance Sheet - Cash and Non-Cash Collateral Received Or Pledged	(1,228)		(1,228)		(3,556)
Total Assets, Net Amount	99		99		93
Offsetting Derivative Liabilities [Abstract]
Derivative Liability, Fair Value, Gross Liability	385		385		242
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	385		385		242
Derivative Liabilities Subject To Master Netting Arrangements, Gross Amounts Offset In The Balance Sheet - Financial Instruments	(243)		(243)		(201)
Derivative Liabilities Subject To Master Netting Arrangements, Gross Amounts Offset In The Balance Sheet - Cash And Non-Cash Collateral Received Or Pledged	(142)		(142)		(27)
Derivative Liabilities Subject To Master Netting Arrangements, Net Amount	0		0		14
Total Liabilities, Gross Amounts Recognized	385		385		242
Total Liabilities, Gross Amounts Offset In The Balance Sheet	0		0		0
Total Liabilities, Net Amounts Presented In The Balance Sheet	385		385		242
Total Liabilities, Gross Amounts Not Offset In The Balance Sheet - Financial Instruments	(243)		(243)		(201)
Total Liabilities, Gross Amounts Not Offset In The Balance Sheet - Cash and Non-Cash Collateral Received Or Pledged	(142)		(142)		(27)
Total Liabilities, Net Amount	0		0		14
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)	92	(68)	374	(268)
Effect of Fair Value Hedges on Results of Operations [Abstract]
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	34	(3)	(188)	(3)
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	44	(35)	(127)	177
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 Asset, Current	313		313		445
Other Current Assets [Member] | Designated as Hedging Instrument [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Asset, Current	155		155		20
Other Current Assets [Member] | Not Designated as Hedging Instrument [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Asset, Current	158		158		425
Other Long-Term Assets [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Asset, Noncurrent	245		245		40
Other Long-Term Assets [Member] | Designated as Hedging Instrument [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Asset, Noncurrent	225		225		11
Other Long-Term Assets [Member] | Not Designated as Hedging Instrument [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Asset, Noncurrent	20		20		29
Other Accrued Liabilities [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Liability, Current	368		368		212
Other Accrued Liabilities [Member] | Designated as Hedging Instrument [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Liability, Current	15		15		83
Other Accrued Liabilities [Member] | Not Designated as Hedging Instrument [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Liability, Current	353		353		129
Other Long-Term Liabilities [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Liability, Noncurrent	21		21		33
Other Long-Term Liabilities [Member] | Designated as Hedging Instrument [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Liability, Noncurrent	1		1		16
Other Long-Term Liabilities [Member] | Not Designated as Hedging Instrument [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Liability, Noncurrent	20		20		17
Currency Forwards [Member]
Notional Disclosures [Abstract]
Derivative, Notional Amount	10,639	12,395	10,639	12,395	11,212
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)	65	(68)	356	(268)
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	6	(19)	2	(33)
Currency Forwards [Member] | Other Current Assets [Member] | Designated as Hedging Instrument [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Asset, Current	155		155		20
Currency Forwards [Member] | Other Current Assets [Member] | Not Designated as Hedging Instrument [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Asset, Current	41		41		20
Currency Forwards [Member] | Other Long-Term Assets [Member] | Designated as Hedging Instrument [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Asset, Noncurrent	2		2		3
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 Asset, Noncurrent	1		1		0
Currency Forwards [Member] | Other Accrued Liabilities [Member] | Designated as Hedging Instrument [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Liability, Current	15		15		83
Currency Forwards [Member] | Other Accrued Liabilities [Member] | Not Designated as Hedging Instrument [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Liability, Current	25		25		63
Currency Forwards [Member] | Other Long-Term Liabilities [Member] | Designated as Hedging Instrument [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Liability, Noncurrent	1		1		2
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 Liability, Noncurrent	1		1		0
Currency Interest Rate Swaps [Member]
Notional Disclosures [Abstract]
Derivative, Notional Amount	7,194	4,966	7,194	4,966	5,509
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	(41)	80	(211)	283
Currency Interest Rate Swaps [Member] | Other Current Assets [Member] | Designated as Hedging Instrument [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Asset, Current	0		0		0
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 Asset, Current	112		112		370
Currency 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 Asset, Noncurrent	48		48		7
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 Asset, Noncurrent	8		8		18
Currency Interest Rate Swaps [Member] | Other Accrued Liabilities [Member] | Designated as Hedging Instrument [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Liability, Current	0		0		0
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 Liability, Current	309		309		52
Currency 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 Liability, Noncurrent	0		0		0
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 Liability, Noncurrent	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 Asset, Current	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 Asset, Noncurrent	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 Liability, Current	0		0		0
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 Liability, Noncurrent	19		19		17
Interest Rate Swaps [Member]
Notional Disclosures [Abstract]
Derivative, Notional Amount	6,446	1,740	6,446	1,740	5,212
Effect of Fair Value Hedges on Results of Operations [Abstract]
Change in Unrealized Gain (Loss) on Fair Value Hedging Instruments	(34)	3	188	3
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	7	(3)	(8)	(8)
Interest Rate Swaps [Member] | Other Current Assets [Member] | Designated as Hedging Instrument [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Asset, Current	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 Asset, Current	3		3		2
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 Asset, Noncurrent	175		175		1
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 Asset, Noncurrent	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 Liability, Current	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 Liability, Current	19		19		12
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 Liability, Noncurrent	0		0		14
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 Liability, Noncurrent	0		0		0
Total Return Swaps [Member]
Notional Disclosures [Abstract]
Derivative, Notional Amount	1,276	1,020	1,276	1,020	1,061
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	78	(90)	92	(48)
Total Return Swaps [Member] | Other Current Assets [Member] | Not Designated as Hedging Instrument [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Asset, Current	0		0		32
Total Return Swaps [Member] | Other Long-Term Assets [Member] | Not Designated as Hedging Instrument [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Asset, Noncurrent	0		0		0
Total Return Swaps [Member] | Other Accrued Liabilities [Member] | Not Designated as Hedging Instrument [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Liability, Current	0		0		2
Total Return Swaps [Member] | Other Long-Term Liabilities [Member] | Not Designated as Hedging Instrument [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Liability, Noncurrent	0		0		0
Other Derivative Instruments [Member]
Notional Disclosures [Abstract]
Derivative, Notional Amount	79	64	79	64	61
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)	27	0	18	0
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	(6)	(3)	(2)	(17)
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 Asset, Current	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 Asset, Noncurrent	11		11		11
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 Liability, Current	0		0		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 Liability, Noncurrent	0		0		0
Foreign Exchange Contract [Member]
Notional Disclosures [Abstract]
Derivative, Notional Amount	17,833	17,361	17,833	17,361	16,721
Foreign Exchange Contract [Member] | Chinese Yuan [Member]
Notional Disclosures [Abstract]
Derivative, Notional Amount	1,600	2,650	1,600	2,650	2,231
Foreign Exchange Contract [Member] | Euro [Member]
Notional Disclosures [Abstract]
Derivative, Notional Amount	6,199	6,546	6,199	6,546	6,084
Foreign Exchange Contract [Member] | Israeli Shekel [Member]
Notional Disclosures [Abstract]
Derivative, Notional Amount	1,985	1,938	1,985	1,938	1,674
Foreign Exchange Contract [Member] | Japanese Yen [Member]
Notional Disclosures [Abstract]
Derivative, Notional Amount	2,890	2,733	2,890	2,733	2,663
Foreign Exchange Contract [Member] | Other Currencies [Member]
Notional Disclosures [Abstract]
Derivative, Notional Amount	$ 5,159	$ 3,494	$ 5,159	$ 3,494	$ 4,069

XML

Acquisitions (Detail) $ in Millions	9 Months Ended
	Oct. 01, 2016 USD ($)	Dec. 28, 2015 USD ($)	Dec. 26, 2015 USD ($)
Business Acquisition [Line Items]
Goodwill	$ 13,868		$ 11,332
Series of Individually Immaterial Business Acquisitions [Member]
Business Acquisition [Line Items]
Business Combination, Consideration Transferred	$ 811
Number of Businesses Acquired	8
Altera Corporation [Member]
Business Acquisition [Line Items]
Payment to Acquire Business, Net	$ 14,401
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable	50
Business Combination, Consideration Transferred	$ 14,451
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents		$ 2,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Short-term Investments		182
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Receivables		368
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Inventory		555
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Other		123
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment		312
Goodwill		5,433
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill		7,566
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets		2,515
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Deferred Revenue		(336)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Other		(283)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-term Debt		(1,535)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities Noncurrent		(449)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net		14,451
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles		6,965
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Indefinite-Lived Intangible Assets		601
Developed Technology Rights [Member] | Altera Corporation [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles		5,757
Customer Relationships [Member] | Altera Corporation [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles		1,121
Brands [Member] | Altera Corporation [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles		87
In Process Research and Development [Member] | Altera Corporation [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Indefinite-Lived Intangible Assets		$ 601

XML

Acquisitions, Acquired Finite-Lived Intangible Assets (Details) - Altera Corporation [Member]	9 Months Ended
	Oct. 01, 2016
Developed Technology Rights [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	9 years
Customer Relationships [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	12 years
Brands [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	6 years

XML

Acquisitions, Pro Forma Information (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		9 Months Ended
	Oct. 01, 2016	Sep. 26, 2015	Oct. 01, 2016	Sep. 26, 2015
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Business Acquisition, Pro Forma Revenue	$ 15,778	$ 14,865	$ 43,112	$ 41,592
Business Acquisition, Pro Forma Net Income (Loss)	$ 3,370	$ 3,016	$ 7,225	$ 6,996
Business Acquisition, Pro Forma Earnings Per Share, Diluted	$ 0.69	$ 0.62	$ 1.48	$ 1.43
Fair Value Adjustment to Inventory [Member]
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest			$ 387
Fair Value Adjustment to Deferred Income [Member]
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest			64
Acquisition-related Costs [Member]
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest			$ 94

XML

Divestitures (Details) - USD ($) $ in Millions	9 Months Ended
	Oct. 01, 2016	Dec. 26, 2015
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Group, Including Discontinued Operation, Assets, Current	$ 5,100	$ 71
Disposal Group, Including Discontinued Operation, Liabilities, Current	1,881	$ 56
Intel Security Group [Member] | Disposal Group, Held-for-sale, Not Discontinued Operations [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Group, Including Discontinued Operation, Property, Plant and Equipment	309
Disposal Group, Including Discontinued Operation, Goodwill, Current	3,600
Disposal Group, Including Discontinued Operation, Intangible Assets, Current	966
Disposal Group, Including Discontinued Operation, Other Assets, Current	202
Disposal Group, Including Discontinued Operation, Assets, Current	5,077
Disposal Group, Including Discontinued Operation, Deferred Revenue, Current	1,519
Disposal Group, Including Discontinued Operation, Other Liabilities, Current	362
Disposal Group, Including Discontinued Operation, Liabilities, Current	1,881
Subject To Regulatory Approvals And Other Closing Conditions [Member] | Intel Security Group [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Transaction Value	4,200
Disposal Group, Including Discontinued Operation, Foreign Currency Translation Gains (Losses)	507
Proceeds from Divestiture of Businesses	$ 3,100
Discontinued Operation, Equity Method Investment Retained after Disposal, Ownership Interest after Disposal	49.00%
Proceeds from Divestitures of Businesses Financed	$ 2,200
Disposal Group, Ownership Percent Sold	51.00%

XML

Goodwill (Detail) $ in Millions	9 Months Ended
	Oct. 01, 2016 USD ($)
Goodwill [Roll Forward]
Goodwill, Beginning Balance	$ 11,332
Goodwill, Acquisitions	6,135
Goodwill, Transfers	0
Goodwill, Other	(3,599)
Goodwill, Ending Balance	13,868
Client Computing Group [Member]
Goodwill [Roll Forward]
Goodwill, Beginning Balance	4,078
Goodwill, Acquisitions	65
Goodwill, Transfers	213
Goodwill, Other	0
Goodwill, Ending Balance	4,356
Data Center Group [Member]
Goodwill [Roll Forward]
Goodwill, Beginning Balance	2,404
Goodwill, Acquisitions	2,829
Goodwill, Transfers	177
Goodwill, Other	0
Goodwill, Ending Balance	5,410
Internet of Things Group [Member]
Goodwill [Roll Forward]
Goodwill, Beginning Balance	428
Goodwill, Acquisitions	622
Goodwill, Transfers	36
Goodwill, Other	0
Goodwill, Ending Balance	1,086
Non-Volatile Memory Solutions Group [Member]
Goodwill [Roll Forward]
Goodwill, Beginning Balance	0
Goodwill, Acquisitions	0
Goodwill, Transfers	0
Goodwill, Other	0
Goodwill, Ending Balance	0
Intel Security Group [Member]
Goodwill [Roll Forward]
Goodwill, Beginning Balance	3,599
Goodwill, Acquisitions	0
Goodwill, Transfers	0
Goodwill, Other	(3,599)
Goodwill, Ending Balance	0
Software and services operating segments [Member]
Goodwill [Roll Forward]
Goodwill, Beginning Balance	441
Goodwill, Acquisitions	0
Goodwill, Transfers	(441)
Goodwill, Other	0
Goodwill, Ending Balance	0
Programmable Solutions Group [Member]
Goodwill [Roll Forward]
Goodwill, Beginning Balance	0
Goodwill, Acquisitions	2,475
Goodwill, Transfers	0
Goodwill, Other	0
Goodwill, Ending Balance	2,475
All other [Member]
Goodwill [Roll Forward]
Goodwill, Beginning Balance	382
Goodwill, Acquisitions	144
Goodwill, Transfers	15
Goodwill, Other	0
Goodwill, Ending Balance	$ 541

XML

Identified Intangible Assets, Finite-Lived Intangible Assets (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 01, 2016	Sep. 26, 2015	Oct. 01, 2016	Sep. 26, 2015	Dec. 26, 2015
Finite Lived Intangible Assets [Line Items]
Gross Assets, Subject to Amortization	$ 11,965		$ 11,965		$ 7,742
Accumulated Amortization	(3,263)		(3,263)		(4,750)
Amortization of intangibles	385	$ 215	1,176	$ 680
Net	8,702		8,702		2,992
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
Future Amortization Expense, Remainder of 2016	345		345
Future Amortization Expense, 2017	1,191		1,191
Future Amortization Expense, 2018	1,124		1,124
Future Amortization Expense, 2019	1,109		1,109
Future Amortization Expense, 2020	1,049		1,049
Acquisition-related Developed Technology [Member]
Finite Lived Intangible Assets [Line Items]
Gross Assets, Subject to Amortization	7,399		7,399		2,928
Accumulated Amortization	(1,650)		(1,650)		(2,276)
Net	5,749		5,749		652
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
Future Amortization Expense, Remainder of 2016	232		232
Future Amortization Expense, 2017	794		794
Future Amortization Expense, 2018	777		777
Future Amortization Expense, 2019	774		774
Future Amortization Expense, 2020	742		742
Acquisition-related Developed Technology [Member] | Cost of sales [Member]
Finite Lived Intangible Assets [Line Items]
Amortization of intangibles	235	76	705	271
Acquisition-related Customer Relationships [Member]
Finite Lived Intangible Assets [Line Items]
Gross Assets, Subject to Amortization	1,434		1,434		1,738
Accumulated Amortization	(225)		(225)		(1,219)
Net	1,209		1,209		519
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
Future Amortization Expense, Remainder of 2016	33		33
Future Amortization Expense, 2017	123		123
Future Amortization Expense, 2018	122		122
Future Amortization Expense, 2019	122		122
Future Amortization Expense, 2020	120		120
Acquisition-related Customer Relationships [Member] | Amortization of acquisition-related intangibles [Member]
Finite Lived Intangible Assets [Line Items]
Amortization of intangibles	69	66	234	192
Acquisition-related Brands [Member]
Finite Lived Intangible Assets [Line Items]
Gross Assets, Subject to Amortization	87		87		59
Accumulated Amortization	(15)		(15)		(55)
Net	72		72		4
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
Future Amortization Expense, Remainder of 2016	5		5
Future Amortization Expense, 2017	13		13
Future Amortization Expense, 2018	13		13
Future Amortization Expense, 2019	13		13
Future Amortization Expense, 2020	13		13
Acquisition-related Brands [Member] | Amortization of acquisition-related intangibles [Member]
Finite Lived Intangible Assets [Line Items]
Amortization of intangibles	5	2	19	6
Licensed Technology and Patents [Member]
Finite Lived Intangible Assets [Line Items]
Gross Assets, Subject to Amortization	3,045		3,045		3,017
Accumulated Amortization	(1,373)		(1,373)		(1,200)
Net	1,672		1,672		$ 1,817
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
Future Amortization Expense, Remainder of 2016	75		75
Future Amortization Expense, 2017	261		261
Future Amortization Expense, 2018	212		212
Future Amortization Expense, 2019	200		200
Future Amortization Expense, 2020	174		174
Licensed Technology and Patents [Member] | Cost of sales [Member]
Finite Lived Intangible Assets [Line Items]
Amortization of intangibles	$ 76	$ 71	$ 218	$ 211

XML

Identified Intangible Assets, Indefinite-Lived Intangible Asset (Detail) - USD ($) $ in Millions	Oct. 01, 2016	Dec. 26, 2015
Indefinite-lived Intangible Assets [Line Items]
Gross Assets, Not Subject to Amortization	$ 822	$ 941
Acquisition-related Brands [Member]
Indefinite-lived Intangible Assets [Line Items]
Gross Assets, Not Subject to Amortization	0	767
Other Intangible Assets [Member]
Indefinite-lived Intangible Assets [Line Items]
Gross Assets, Not Subject to Amortization	$ 822	$ 174

XML

Identified Intangible Assets, Total Intangible Assets (Detail) - USD ($) $ in Millions	Oct. 01, 2016	Dec. 28, 2015	Dec. 26, 2015
Business Acquisition [Line Items]
Identified intangible assets, gross	$ 12,787		$ 8,683
Identified intangible assets, net	$ 9,524		$ 3,933
Altera Corporation [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill		$ 7,566

XML

Other Long-Term Assets (Detail) - USD ($) $ in Millions	9 Months Ended
	Oct. 01, 2016	Dec. 26, 2015
Other Assets, Noncurrent Disclosure [Abstract]
Equity method investments	$ 1,508	$ 1,590
Non-marketable cost method investments	3,157	2,933
Non-current deferred tax assets	730	1,052
Pre-payments for property, plant and equipment	476	623
Loans receivable	311	642
Grants receivable	324	318
Reverse Repurchase Agreements	250	350
Other	935	657
Total other long-term assets	7,691	$ 8,165
Transfers From Other Long-Term Assets to Property, Plant, And Equipment Related To Prepaid Equipment	$ 180

XML

Restructuring and Other Charges (Detail) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 01, 2016 USD ($)	Sep. 26, 2015 USD ($)	Oct. 01, 2016 USD ($) Employee	Sep. 26, 2015 USD ($)
Restructuring Cost and Reserve [Line Items]
Restructuring and other charges	$ 372	$ 14	$ 1,786	$ 367
Other Nonrecurring Expense	23	0	23	0
2016 Restructuring Program [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges			1,512
Restructuring and other charges	349	0	$ 1,763	0
Restructuring and Related Cost, Expected Number of Positions Eliminated | Employee			15,000
Restructuring and Related Cost, Incurred Cost	349		$ 1,763
Restructuring Reserve [Roll Forward]
Accrued restructuring, Beginning Balance			0
Accrued restructuring, Ending Balance	714		714
Restructuring Reserve, Accrual Adjustment			150
Payments for Restructuring			(940)
Restructuring Reserve, Settled without Cash			(8)
2016 Restructuring Program [Member] | Employee severance and benefit arrangements [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges			1,511
Restructuring and Related Cost, Incurred Cost	338		1,752
Restructuring Reserve [Roll Forward]
Accrued restructuring, Beginning Balance			0
Accrued restructuring, Ending Balance	713		713
Restructuring Reserve, Accrual Adjustment			150
Payments for Restructuring			(940)
Restructuring Reserve, Settled without Cash			(8)
2016 Restructuring Program [Member] | Pension Settlement [Member]
Restructuring Cost and Reserve [Line Items]
Pension Settlement Charges	10		10
2016 Restructuring Program [Member] | Asset impairments and other restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges			1
Restructuring and Related Cost, Incurred Cost	1		1
Restructuring Reserve [Roll Forward]
Accrued restructuring, Beginning Balance			0
Accrued restructuring, Ending Balance	1		1
Restructuring Reserve, Accrual Adjustment			0
Payments for Restructuring			0
Restructuring Reserve, Settled without Cash			0
2015 Restructuring Program [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and other charges	0	$ 14	0	$ 367
Restructuring Reserve [Roll Forward]
Accrued restructuring, Beginning Balance			70
Accrued restructuring, Ending Balance	$ 17		$ 17

XML

Deferred Income (Detail) - USD ($) $ in Millions	Oct. 01, 2016	Dec. 26, 2015
Deferred Revenue Arrangement [Line Items]
Current deferred income	$ 1,724	$ 2,188
Total deferred income	1,787	2,718
Shipments of components to distributors [Member]
Deferred Revenue Arrangement [Line Items]
Current deferred income	1,553	920
Software Services And Other [Member]
Deferred Revenue Arrangement [Line Items]
Current deferred income	171	1,268
Non-current deferred income	$ 63	$ 530

XML

Borrowings, Short-term Debt (Details) - USD ($) $ in Millions	9 Months Ended
	Oct. 01, 2016	Sep. 26, 2015	Dec. 26, 2015
Short-term Debt [Line Items]
Drafts payable	$ 16		$ 41
Commercial paper	450		0
Current portion of long-term debt	3,115		2,602
Less: debt issuance costs associated with current portion of long-term debt	(8)		(9)
Total short-term debt	3,573		2,634
Line of Credit Facility, Maximum Borrowing Capacity	5,000
Line of Credit Facility, Maximum Amount Outstanding During Period	4,000
Temporary equity	886		897
2009 Junior subordinated convertible debentures due August 2039 At 3.25% [Member]
Short-term Debt [Line Items]
Current portion of long-term debt	$ 1,114		$ 1,103
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 Preceding Fiscal Quarter, Surrender for Conversion	30 days
Commercial Paper [Member]
Short-term Debt [Line Items]
Board Of Directors Maximum Borrowing Capacity Authorization	$ 5,000
Short-term Debt, Maximum Amount Outstanding During Period	$ 3,000	$ 900

XML

Borrowings, Long-term Debt (Details) AUD in Millions, $ in Millions	9 Months Ended
	Oct. 01, 2016 USD ($)	Oct. 01, 2016 AUD	Dec. 26, 2015 USD ($)	Sep. 26, 2015 USD ($)
Debt Instrument [Line Items]
Long-term debt	$ 27,231		$ 22,707
Less: current portion of long-term debt	(3,115)		(2,602)
Less: debt issuance costs	(73)		(69)
Total long-term debt	24,043		20,036
Derivative, Notional Amount	29,234		26,655	$ 23,785
Cross Currency Interest Rate Contract [Member]
Debt Instrument [Line Items]
Derivative, Notional Amount	7,194		5,509	$ 4,966
2016 Senior notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 2,800
2016 Senior notes due May 2021 at 1.70% [Member]
Debt Instrument [Line Items]
Maturity Date	May 19, 2021
Stated Interest Rate	1.70%	1.70%
Long-term debt	$ 499		0
2016 Senior notes due May 2026 at 2.60% [Member]
Debt Instrument [Line Items]
Maturity Date	May 19, 2026
Stated Interest Rate	2.60%	2.60%
Long-term debt	$ 998		0
2016 Senior notes due May 2046 at 4.10% [Member]
Debt Instrument [Line Items]
Maturity Date	May 19, 2046
Stated Interest Rate	4.10%	4.10%
Long-term debt	$ 1,243		0
2016 Altera acquired Senior notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	1,500
2016 Altera acquired Senior notes [Member] | Altera Corporation [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 1,500
2016 Altera acquired Senior notes due May 2017 at 1.75% [Member]
Debt Instrument [Line Items]
Maturity Date	May 15, 2017
Stated Interest Rate	1.75%	1.75%
Long-term debt	$ 501		0
2016 Altera acquired Senior notes due November 2018 at 2.50% [Member]
Debt Instrument [Line Items]
Maturity Date	Nov. 15, 2018
Stated Interest Rate	2.50%	2.50%
Long-term debt	$ 605		0
2016 Altera acquired Senior notes due November 2023 at 4.10% [Member]
Debt Instrument [Line Items]
Maturity Date	Nov. 15, 2023
Stated Interest Rate	4.10%	4.10%
Long-term debt	$ 425		0
2015 Senior notes due December 2045 at 4.70% [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 915
Maturity Date	Dec. 14, 2045
Stated Interest Rate	4.70%	4.70%
Long-term debt	$ 944		908
2015 AUD-denominated Senior notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount | AUD		AUD 800
2015 AUD-denominated Senior notes [Member] | Cross Currency Interest Rate Contract [Member]
Debt Instrument [Line Items]
Derivative, Notional Amount	$ 577
2015 AUD-denominated Senior notes due December 2019 at 3.25% [Member]
Debt Instrument [Line Items]
Maturity Date	Dec. 01, 2019
Stated Interest Rate	3.25%	3.25%
Long-term debt	$ 192		181
2015 AUD-denominated Senior notes due December 2022 at 4.00% [Member]
Debt Instrument [Line Items]
Maturity Date	Dec. 01, 2022
Stated Interest Rate	4.00%	4.00%
Long-term debt	$ 422		397
2015 Senior notes due August 2045 at 4.90% [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 1,000
Maturity Date	Aug. 11, 2045
Stated Interest Rate	4.90%	4.90%
Long-term debt	$ 1,027		1,009
July 2015 Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 7,000
2015 Senior notes due July 2020 at 2.45% [Member]
Debt Instrument [Line Items]
Maturity Date	Jul. 29, 2020
Stated Interest Rate	2.45%	2.45%
Long-term debt	$ 1,749		1,748
2015 Senior notes due July 2022 at 3.10% [Member]
Debt Instrument [Line Items]
Maturity Date	Jul. 29, 2022
Stated Interest Rate	3.10%	3.10%
Long-term debt	$ 1,035		996
2015 Senior notes due July 2025 at 3.70% [Member]
Debt Instrument [Line Items]
Maturity Date	Jul. 29, 2025
Stated Interest Rate	3.70%	3.70%
Long-term debt	$ 2,277		2,247
2015 Senior notes due July 2045 at 4.90% [Member]
Debt Instrument [Line Items]
Maturity Date	Jul. 29, 2045
Stated Interest Rate	4.90%	4.90%
Long-term debt	$ 1,999		1,998
2012 Senior notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 6,200
2012 Senior notes due December 2017 at 1.35% [Member]
Debt Instrument [Line Items]
Maturity Date	Dec. 15, 2017
Stated Interest Rate	1.35%	1.35%
Long-term debt	$ 2,999		2,999
2012 Senior notes due December 2022 at 2.70% [Member]
Debt Instrument [Line Items]
Maturity Date	Dec. 15, 2022
Stated Interest Rate	2.70%	2.70%
Long-term debt	$ 1,557		1,492
2012 Senior notes due December 2032 at 4.00% [Member]
Debt Instrument [Line Items]
Maturity Date	Dec. 15, 2032
Stated Interest Rate	4.00%	4.00%
Long-term debt	$ 745		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%	4.25%
Long-term debt	$ 924		924
2011 Senior notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 5,000
2011 Senior notes due October 2016 at 1.95% [Member]
Debt Instrument [Line Items]
Maturity Date	Oct. 01, 2016
Stated Interest Rate	1.95%	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%	3.30%
Long-term debt	$ 1,998		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%	4.80%
Long-term debt	$ 1,491		1,490
2009 Junior subordinated convertible debentures due August 2039 At 3.25% [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 2,000
Maturity Date	Aug. 01, 2039
Stated Interest Rate	3.25%	3.25%
Long-term debt	$ 1,114		1,103
Less: current portion of long-term debt	(1,114)		(1,103)
2005 Junior subordinated convertible debentures due December 2035 at 2.95% [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 1,600
Maturity Date	Dec. 15, 2035
Stated Interest Rate	2.95%	2.95%
Long-term debt	$ 987		$ 975

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Retirement Benefit Plans (Details) $ in Millions	9 Months Ended
	Oct. 01, 2016 USD ($)
U.S. Pension Benefits [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined Benefit Plan, Other Changes	$ 450
U.S. Postretirement Medical Benefits [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined Benefit Plan, Other Changes	$ 90

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Employee Equity Incentive Plans (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Oct. 01, 2016	Sep. 26, 2015	Oct. 01, 2016	Sep. 26, 2015	Dec. 26, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation	$ 324	$ 309	$ 1,136	$ 1,009
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			107.4
Number of RSUs granted			51.1
Number of RSUs assumed in acquisition			7.3
Number of RSUs vested			(47.5)
Number of RSUs forfeited			(9.5)
Number of RSUs outstanding, ending balance	108.8		108.8
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)	$ 28.89		$ 28.89		$ 26.93
Weighted-average grant date fair value of granted RSUs (in dollars per share)	$ 32.65	$ 26.62	29.64	$ 31.64
Weighted-average grant date fair value of vested RSUs (in dollars per share)			26.18
Weighted-average grant date fair value of forfeited RSUs (in dollars per share)			28.09
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Acquired in Period Weighted Average Grant Date Fair Value			$ 33.79
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]
Risk-free interest rate	0.70%	0.60%	0.90%	0.60%
Dividend yield	3.00%	3.40%	3.30%	2.90%
Volatility (percent)	24.00%		23.00%	27.00%
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			3.5
Number of RSUs outstanding, ending balance	6.7		6.7
2006 Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	217.0		217.0
2006 Stock Purchase Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	165.0		165.0
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			16.5	15.8
Employee Purchases, Amount			$ 415	$ 421
Restricted Stock or Stock Units, 2006 Plan [Member] | Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value			1,500
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value, Vested			$ 1,200

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Common Stock Repurchases (Detail) - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Oct. 01, 2016	Sep. 26, 2015	Oct. 01, 2016	Sep. 26, 2015
Common Stock Repurchases [Line Items]
Shares Paid for Tax Withholding for Share Based Compensation			13.9	12.8
Adjustments Related to Tax Withholding for Share-based Compensation			$ 434	$ 416
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	$ 7,300		$ 7,300
Stock Repurchased During Period, Shares	13.1	34.8	65.9	79.7
Stock Repurchased During Period, Value	$ 461	$ 1,000	$ 2,100	$ 2,500
Accumulated Stock Repurchased During Program, Total Shares	4,800.0		4,800.0
Accumulated Stock Repurchased During Program, Total Value	$ 107,000		$ 107,000

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Gains (Losses) on Equity Investments, Net (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 01, 2016	Sep. 26, 2015	Oct. 01, 2016	Sep. 26, 2015
Gain (Loss) on Investments [Line Items]
Share of equity method investee losses, net	$ (10)	$ (22)	$ (30)	$ (81)
Impairments	(48)	(28)	(137)	(107)
Other, net	8	199	28	323
Gains (losses) on equity investments, net	(12)	165	488	297
Equity Securities [Member]
Gain (Loss) on Investments [Line Items]
Gains on sales, net	38	11	553	110
Dividends	$ 0	$ 5	74	52
ASML Holding N.V. [Member] | Equity Securities [Member]
Gain (Loss) on Investments [Line Items]
Gains on sales, net			$ 407	$ 0

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Interest and Other, Net (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 01, 2016	Sep. 26, 2015	Oct. 01, 2016	Sep. 26, 2015
Interest and Other, Net [Line Items]
Interest income	$ 56	$ 31	$ 159	$ 91
Interest expense	(180)	(116)	(575)	(211)
Other, net	(8)	(19)	76	29
Total interest and other, net	(132)	(104)	(340)	(91)
Interest Costs Capitalized	$ 36	$ 52	$ 82	$ 202

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Earnings Per Share (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Oct. 01, 2016	Sep. 26, 2015	Oct. 01, 2016	Sep. 26, 2015
Earnings Per Share [Abstract]
Net income	$ 3,378	$ 3,109	$ 6,754	$ 7,807
Weighted average shares of common stock outstanding—basic	4,734	4,747	4,728	4,749
Dilutive effect of employee equity incentive plans (shares)	47	48	54	64
Dilutive effect of convertible debt (shares)	96	81	90	87
Weighted average shares of common stock outstanding—diluted	4,877	4,876	4,872	4,900
Basic earnings per share of common stock (in dollars per share)	$ 0.71	$ 0.65	$ 1.43	$ 1.64
Diluted earnings per share of common stock (in dollars per share)	$ 0.69	$ 0.64	$ 1.39	$ 1.59
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (shares)	0	4		2

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Other Comprehensive Income (Loss), Accumulated Other Comprehensive Income (Loss) (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 01, 2016	Sep. 26, 2015	Oct. 01, 2016	Sep. 26, 2015	Dec. 26, 2015
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive income (loss) before reclassifications			$ 939
Amounts reclassified out of accumulated other comprehensive income (loss)	$ (27)	$ 152	(450)	$ 363
Tax effects			(149)
Other comprehensive income (loss)	480	(980)	340	(1,001)
Unrealized holding gains (losses) on available-for-sale investments [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	2,106		2,106		$ 1,749
Other comprehensive income (loss) before reclassifications			1,078
Amounts reclassified out of accumulated other comprehensive income (loss)			(530)
Tax effects			(191)
Other comprehensive income (loss)			357
Deferred tax asset valuation allowance [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	3		3		8
Other comprehensive income (loss) before reclassifications			0
Amounts reclassified out of accumulated other comprehensive income (loss)			0
Tax effects			(5)
Other comprehensive income (loss)			(5)
Unrealized holding gains (losses) on derivatives [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	8		8		(266)
Other comprehensive income (loss) before reclassifications			374
Amounts reclassified out of accumulated other comprehensive income (loss)			28
Tax effects			(128)
Other comprehensive income (loss)			274
Prior service credits (costs) [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	(36)		(36)		(40)
Other comprehensive income (loss) before reclassifications			0
Amounts reclassified out of accumulated other comprehensive income (loss)	2	2	6	6
Tax effects			(2)
Other comprehensive income (loss)			4
Actuarial gains (losses) [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	(1,165)		(1,165)		(876)
Other comprehensive income (loss) before reclassifications			(512)
Amounts reclassified out of accumulated other comprehensive income (loss)	20	$ 15	46	$ 43
Tax effects			177
Other comprehensive income (loss)			(289)
Foreign currency translation adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	(516)		(516)		(515)
Other comprehensive income (loss) before reclassifications			(1)
Amounts reclassified out of accumulated other comprehensive income (loss)			0
Tax effects			0
Other comprehensive income (loss)			(1)
AOCI Including Portion Attributable to Noncontrolling Interest [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$ 400		$ 400		$ 60

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Other Comprehensive Income (Loss), Reclassification out of Accumulated Other Comprehensive Income (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 01, 2016	Sep. 26, 2015	Oct. 01, 2016	Sep. 26, 2015
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Gains (losses) on equity investments, net	$ (12)	$ 165	$ 488	$ 297
Interest and other, net	(132)	(104)	(340)	(91)
Income before taxes	4,318	4,253	8,496	9,909
Cost of sales	(5,795)	(5,354)	(16,927)	(15,352)
Research and development	(3,069)	(2,927)	(9,460)	(9,009)
Marketing, general and administrative	(2,006)	(1,910)	(6,239)	(5,812)
Amounts reclassified out of accumulated other comprehensive income (loss)	27	(152)	450	(363)
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months			15
Unrealized holding gains (losses) on available-for-sale investments [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified out of accumulated other comprehensive income (loss)			530
Unrealized holding gains (losses) on available-for-sale investments [Member] | Reclassified out of Accumulated Other Comprehensive Income (Loss) [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Gains (losses) on equity investments, net	42	11	530	85
Interest and other, net	0	1	0	1
Income before taxes	42	12	530	86
Unrealized holding gains (losses) on derivatives [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified out of accumulated other comprehensive income (loss)			(28)
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	7	(147)	(28)	(400)
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]
Gains (losses) on equity investments, net	0	0	10	0
Cost of sales	(11)	(81)	(70)	(217)
Research and development	(2)	(50)	(5)	(145)
Marketing, general and administrative	1	(16)	0	(38)
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]
Gains (losses) on equity investments, net	0	0	1	0
Interest and other, net	19	0	36	0
Prior service credits (costs) [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified out of accumulated other comprehensive income (loss)	(2)	(2)	(6)	(6)
Actuarial gains (losses) [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified out of accumulated other comprehensive income (loss)	(20)	(15)	(46)	(43)
Amortization of pension and postretirement benefit components [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified out of accumulated other comprehensive income (loss)	$ (22)	$ (17)	$ (52)	$ (49)

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Contingencies (Detail) $ / shares in Units, € in Billions, $ in Billions	1 Months Ended
	Jun. 30, 2012 $ / shares	May 31, 2009 USD ($)	May 31, 2009 EUR (€)	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				$ 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	$ 62.08
EC Fine [Member]
Loss Contingencies [Line Items]
Loss Contingency, Damages Paid Value		$ 1.4	€ 1.1

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Operating Segments Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 01, 2016	Sep. 26, 2015	Oct. 01, 2016	Sep. 26, 2015
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]
Net revenue	$ 15,778	$ 14,465	$ 43,013	$ 40,441
Operating income (loss)	4,462	4,192	8,348	9,703
Client Computing Group [Member]
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]
Net revenue	8,892	8,506	23,779	23,463
Operating income (loss)	3,327	2,433	7,123	5,447
Client Computing Group [Member] | Platform [Member]
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]
Net revenue	8,258	8,094	22,395	22,280
Client Computing Group [Member] | Other [Member]
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]
Net revenue	634	412	1,384	1,183
Data Center Group [Member]
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]
Net revenue	4,542	4,140	12,568	11,673
Operating income (loss)	2,110	2,130	5,639	5,672
Data Center Group [Member] | Platform [Member]
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]
Net revenue	4,164	3,857	11,589	10,842
Data Center Group [Member] | Other [Member]
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]
Net revenue	378	283	979	831
Internet of Things Group [Member]
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]
Net revenue	689	581	1,912	1,673
Operating income (loss)	191	150	403	382
Internet of Things Group [Member] | Platform [Member]
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]
Net revenue	605	501	1,673	1,450
Internet of Things Group [Member] | Other [Member]
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]
Net revenue	84	80	239	223
Non-Volatile Memory Solutions Group [Member]
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]
Net revenue	649	655	1,760	1,943
Operating income (loss)	(134)	51	(453)	215
Intel Security Group [Member]
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]
Net revenue	537	506	1,611	1,473
Operating income (loss)	115	97	297	134
Programmable Solutions Group [Member]
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]
Net revenue	425	0	1,249	0
Operating income (loss)	78	0	(184)	0
All other [Member]
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]
Net revenue	44	77	134	216
Operating income (loss)	$ (1,225)	$ (669)	$ (4,477)	$ (2,147)