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 March 31, 2012.

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 April 27, 2012
Common stock, $0.001 par value	5,031 million

PART I – FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

INTEL CORPORATION

CONSOLIDATED CONDENSED STATEMENTS OF INCOME (Unaudited)

	Three Months Ended
(In Millions, Except Per Share Amounts)	March 31, 2012			April 2, 2011
Net revenue	$	12,906		$	12,847
Cost of sales		4,641			4,962
Gross margin		8,265			7,885
Research and development		2,401			1,916
Marketing, general and administrative		1,973			1,775
Amortization of acquisition-related intangibles		81			36
Operating expenses		4,455			3,727
Operating income		3,810			4,158
Gains (losses) on equity investments, net		(19	)		28
Interest and other, net		23			185
Income before taxes		3,814			4,371
Provision for taxes		1,076			1,211
Net income	$	2,738		$	3,160
Basic earnings per common share	$	0.55		$	0.58
Diluted earnings per common share	$	0.53		$	0.56
Cash dividends declared per common share	$	0.42		$	0.3624
Weighted average common shares outstanding:
Basic		4,999			5,452
Diluted		5,192			5,606

See accompanying notes.

2

INTEL CORPORATION

CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited)

	Three Months Ended
	March 31,			April 2,
(In Millions)	2012			2011
Net income	$	2,738		$	3,160
Other comprehensive income, net of tax:
Change in net unrealized holding gain (loss) on available-for-sale investments		166			(5	)
Change in net deferred tax asset valuation allowance		—			(15	)
Change in net unrealized holding gain (loss) on derivatives		(34	)		112
Change in net prior service costs		1			—
Change in net actuarial losses		16			(7	)
Change in net foreign currency translation adjustment		28			63
Other comprehensive income		177			148
Total comprehensive income	$	2,915		$	3,308

See accompanying notes.

3

INTEL CORPORATION

CONSOLIDATED CONDENSED BALANCE SHEETS (Unaudited)

(In Millions)	March 31, 2012			Dec. 31, 2011
Assets
Current assets:
Cash and cash equivalents	$	4,429		$	5,065
Short-term investments		5,012			5,181
Trading assets		4,312			4,591
Accounts receivable, net		4,037			3,650
Inventories		4,489			4,096
Deferred tax assets		1,794			1,700
Other current assets		1,348			1,589
Total current assets		25,421			25,872
Property, plant and equipment, net of accumulated depreciation of $35,575 ($34,446 as of December 31, 2011)		25,027			23,627
Marketable equity securities		819			562
Other long-term investments		498			889
Goodwill		9,388			9,254
Identified intangible assets, net		6,064			6,267
Other long-term assets		4,600			4,648
Total assets	$	71,817		$	71,119
Liabilities and stockholders’ equity
Current liabilities:
Short-term debt	$	362		$	247
Accounts payable		2,993			2,956
Accrued compensation and benefits		1,498			2,948
Accrued advertising		1,095			1,134
Deferred income		2,001			1,929
Other accrued liabilities		3,992			2,814
Total current liabilities		11,941			12,028
Long-term debt		7,088			7,084
Long-term deferred tax liabilities		2,793			2,617
Other long-term liabilities		3,235			3,479
Contingencies (Note 20)
Stockholders’ equity:
Preferred stock		—			—
Common stock and capital in excess of par value, 5,006 shares issued and outstanding (5,000 as of December 31, 2011)		18,381			17,036
Accumulated other comprehensive income (loss)		(604	)		(781	)
Retained earnings		28,983			29,656
Total stockholders’ equity		46,760			45,911
Total liabilities and stockholders’ equity	$	71,817		$	71,119

See accompanying notes.

4

INTEL CORPORATION

CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (Unaudited)

	Three Months Ended
(In Millions)	March 31, 2012			April 2, 2011
Cash and cash equivalents, beginning of period	$	5,065		$	5,498
Cash flows provided by (used for) operating activities:
Net income		2,738			3,160
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation		1,519			1,287
Share-based compensation		274			300
Excess tax benefit from share-based payment arrangements		(19	)		(1	)
Amortization of intangibles		266			155
(Gains) losses on equity investments, net		19			(28	)
(Gains) losses on divestitures		—			(164	)
Deferred taxes		(45	)		(109	)
Changes in assets and liabilities:
Accounts receivable		(387	)		(504	)
Inventories		(381	)		(251	)
Accounts payable		37			404
Accrued compensation and benefits		(1,450	)		(1,401	)
Income taxes payable and receivable		760			1,032
Other assets and liabilities		(359	)		133
Total adjustments		234			853
Net cash provided by operating activities		2,972			4,013
Cash flows provided by (used for) investing activities:
Additions to property, plant and equipment		(2,974	)		(2,723	)
Acquisitions, net of cash acquired		(176	)		(8,216	)
Purchases of available-for-sale investments		(1,529	)		(3,569	)
Sales of available-for-sale investments		333			7,594
Maturities of available-for-sale investments		1,827			5,172
Purchases of trading assets		(4,303	)		(1,540	)
Maturities and sales of trading assets		4,567			2,578
Collection of loans receivable		133			—
Investments in non-marketable equity investments		(116	)		(147	)
Return of equity method investments		67			24
Proceeds from divestitures		—			50
Other investing		60			133
Net cash used for investing activities		(2,111	)		(644	)
Cash flows provided by (used for) financing activities:
Increase (decrease) in short-term debt, net		115			16
Proceeds from government grants		—			56
Excess tax benefit from share-based payment arrangements		19			1
Proceeds from sales of shares through employee equity incentive plans		1,244			239
Repurchase of common stock		(1,519	)		(4,006	)
Payment of dividends to stockholders		(1,049	)		(994	)
Other financing		(305	)		—
Net cash used for financing activities		(1,495	)		(4,688	)
Effect of exchange rate fluctuations on cash and cash equivalents		(2	)		9
Net increase (decrease) in cash and cash equivalents		(636	)		(1,310	)
Cash and cash equivalents, end of period	$	4,429		$	4,188
Supplemental disclosures of cash flow information:
Cash paid during the period for:
Interest, net of amounts capitalized	$	—		$	—
Income taxes, net of refunds	$	376		$	269

See accompanying notes.

5

INTEL CORPORATION

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS — Unaudited

Note 1: Basis of Presentation

We prepared our interim consolidated condensed financial statements that accompany these notes in conformity with U.S. generally accepted accounting principles, consistent in all material respects with those applied in our Annual Report on Form 10-K for the year ended December 31, 2011.

We have a 52- or 53-week fiscal year that ends on the last Saturday in December. Fiscal year 2012 is a 52-week fiscal year, and the first quarter of 2012 was a 13-week quarter. Fiscal year 2011 was a 53-week fiscal year, and the first quarter of 2011 was a 14-week quarter.

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 31, 2011.

Note 2: Accounting Changes

In the first quarter of 2012, we adopted amended standards that increase the prominence of items reported in other comprehensive income. These amended standards eliminate the option to present components of other comprehensive income as part of the statement of changes in stockholders’ equity and require that all changes in stockholders’ equity—except investments by, and distributions to, owners—be presented either in a single continuous statement of comprehensive income or in two separate but consecutive statements. The adoption of these amended standards did impact the presentation of other comprehensive income, as we have elected to present two separate but consecutive statements, but did not have an impact on our financial position or results of operations.

6

INTEL CORPORATION

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS — Unaudited (Continued)

Note 3: Fair Value

Fair value is the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining fair value, we consider the principal or most advantageous market in which we would transact, and we consider assumptions that market participants would use when pricing the asset or liability. Our financial assets and liabilities are measured and recorded at fair value, except for equity method investments, cost method investments, cost method loans receivable, and most of our liabilities.

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 markets with insufficient volume or infrequent transactions (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.

Our policy is to reflect transfers between levels at the beginning of the quarter in which a change in circumstances resulted in the transfer.

Marketable Debt Instruments

Marketable debt instruments include instruments such as commercial paper, corporate bonds, government bonds, bank deposits, asset-backed securities, municipal bonds, and money market fund deposits. When we use observable market prices for identical securities that are traded in less active markets, we classify our marketable debt instruments as Level 2. When observable market prices for identical securities are not available, we price our marketable debt instruments using non-binding market consensus prices that are corroborated with observable market data; quoted market prices for similar instruments; or pricing models, such as a discounted cash flow model, with all significant inputs derived from or corroborated with observable market data. Non-binding market consensus prices are 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 securities; and the internal assumptions of pricing providers or brokers that use observable market inputs and, to a lesser degree, unobservable market inputs. We corroborate non-binding market consensus prices with observable market data using statistical models when observable market data exists. The discounted cash flow model uses observable market inputs, such as LIBOR-based yield curves, currency spot and forward rates, and credit ratings.

Our marketable debt instruments that are classified as Level 3 are classified as such due to the lack of observable market data to corroborate either the non-binding market consensus prices or the non-binding broker quotes. When observable market data is not available, we corroborate our fair value measurements using non-binding market consensus prices and non-binding broker quotes from a second source.

7

INTEL CORPORATION

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS — Unaudited (Continued)

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

Assets and liabilities measured and recorded at fair value on a recurring basis consisted of the following types of instruments as of March 31, 2012 and December 31, 2011:

	March 31, 2012								December 31, 2011
	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:
Commercial paper	$	—	$	2,203	$	—	$	2,203	$	—	$	2,408	$	—	$	2,408
Bank deposits		—		880		—		880		—		795		—		795
Money market fund deposits		471		—		—		471		546		—		—		546
Government bonds		—		100		—		100		650		—		—		650
Short-term investments:
Government bonds		2,850		398		—		3,248		2,690		310		—		3,000
Commercial paper		—		958		—		958		—		1,409		—		1,409
Corporate bonds		78		375		35		488		120		428		28		576
Bank deposits		—		318		—		318		—		196		—		196
Trading assets:
Government bonds		1,729		1,338		—		3,067		1,698		1,317		—		3,015
Corporate bonds		216		383		—		599		202		486		—		688
Municipal bonds		—		260		—		260		—		284		—		284
Bank deposits		—		140		—		140		—		135		—		135
Commercial paper		—		124		—		124		—		305		—		305
Asset-backed securities		—		—		101		101		—		—		115		115
Money market fund deposits		21		—		—		21		49		—		—		49
Other current assets:
Derivative assets		—		108		5		113		—		159		7		166
Loans receivable		—		33		—		33		—		33		—		33
Marketable equity securities		694		125		—		819		522		40		—		562
Other long-term investments:
Corporate bonds		—		237		30		267		—		282		39		321
Government bonds		—		161		—		161		177		300		—		477
Bank deposits		—		55		—		55		—		55		—		55
Asset-backed securities		—		—		15		15		—		—		36		36
Other long-term assets:
Loans receivable		—		747		—		747		—		715		—		715
Derivative assets		—		24		28		52		—		34		29		63
Total assets measured and recorded at fair value	$	6,059	$	8,967	$	214	$	15,240	$	6,654	$	9,691	$	254	$	16,599
Liabilities
Other accrued liabilities:
Derivative liabilities	$	—	$	275	$	9	$	284	$	—	$	280	$	8	$	288
Long-term debt		—		—		128		128		—		—		131		131
Other long-term liabilities:
Derivative liabilities		—		40		—		40		—		27		—		27
Total liabilities measured and recorded at fair value	$	—	$	315	$	137	$	452	$	—	$	307	$	139	$	446

Government bonds include bonds issued or deemed to be guaranteed by government entities. Government bonds include instruments such as non-U.S. government bonds, U.S. Treasury securities, and U.S. agency securities.

8

INTEL CORPORATION

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS — Unaudited (Continued)

Fair Value Option for Financial Assets/Liabilities

We elected the fair value option for loans made to third parties when the interest rate or foreign exchange rate risk was hedged at inception with a related derivative instrument. As of March 31, 2012, 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. These 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 changes in 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 and were insignificant during all periods presented. We did not elect the fair value option for loans when the interest rate or foreign exchange rate risk was not hedged at inception with a related derivative instrument.

We elected the fair value option for the bonds issued in 2007 by the Industrial Development Authority of the City of Chandler, Arizona (2007 Arizona bonds). In connection with the 2007 Arizona bonds, we entered into a total return swap agreement that effectively converts the fixed-rate obligation on the bonds to a floating U.S.-dollar LIBOR-based rate. As a result, changes in the fair value of this debt are largely offset by changes in the fair value of the total return swap agreement, without the need to apply hedge accounting provisions. The 2007 Arizona bonds are included in long-term debt. As of March 31, 2012 and December 31, 2011, no other instruments were similar to the 2007 Arizona bonds for which we elected fair value treatment.

As of March 31, 2012, the fair value of the 2007 Arizona bonds did not significantly differ from the contractual principal balance. The fair value of the 2007 Arizona bonds was determined using inputs that are observable in the market or that can be derived from or corroborated with observable market data, as well as unobservable inputs that were significant to the fair value. Gains and losses on the 2007 Arizona bonds and the related total return swap are recorded in interest and other, net. We capitalize a portion of the interest associated with the 2007 Arizona bonds. We add capitalized interest to the cost of qualified assets and amortize it over the estimated useful lives of the assets. The remaining interest associated with the 2007 Arizona bonds is recorded as interest expense in interest and other, net.

Assets Measured and Recorded at Fair Value on a Non-Recurring Basis

Our non-marketable equity investments (non-marketable equity method and cost method investments) and non-financial assets, such as intangible assets and property, plant and equipment, are recorded at fair value only if an impairment charge is recognized. During the first quarter of 2012, we recognized $59 million of impairment charges on non-marketable equity investments held as of March 31, 2012 ($14 million of impairment charges during first quarter of 2011 for non-marketable equity investments held as of April 2, 2011). The fair value of these non-marketable equity investments at the time of impairment recognition was $11 million during the first quarter of 2012 ($19 million during the first quarter of 2011). All of these assets were categorized as Level 3 in the fair value hierarchy.

A portion of our non-marketable equity investments was 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 impairment charges. We classified these measurements as Level 3, as we used unobservable inputs to the valuation methodologies that were significant to the fair value measurements, and the valuations required management judgment due to the absence of quoted market prices.

9

INTEL CORPORATION

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS — Unaudited (Continued)

Financial Instruments Not Recorded at Fair Value on a Recurring Basis

We measure the fair value of our non-marketable cost method investments, indebtedness carried at amortized cost, and cost method loans receivable quarterly for disclosure purposes; however, the assets are recorded at fair value only when an impairment charge is recognized. The carrying amounts and fair values of financial instruments not recorded at fair value on a recurring basis as of March 31, 2012 and December 31, 2011 were as follows:

	March 31, 2012
(In Millions)	Carrying Amount		Fair Value Measured Using						Total Fair Value
			Level 1		Level 2		Level 3
Non-marketable cost method investments	$	1,116	$	—	$	—	$	1,697	$	1,697
Long-term debt	$	6,960	$	5,190	$	2,653	$	—	$	7,843
Short-term debt	$	273	$	—	$	273	$	—	$	273
NVIDIA Corporation cross-license agreement liability	$	861	$	—	$	881	$	—	$	881
	December 31, 2011
(In Millions)	Carrying Amount		Fair Value Measured Using						Total
			Level 1		Level 2		Level 3		Fair Value
Non-marketable cost method investments	$	1,129	$	—	$	—	$	1,861	$	1,861
Loans receivable	$	132	$	—	$	132	$	—	$	132
Long-term debt	$	6,953	$	5,287	$	2,448	$	—	$	7,735
Short-term debt	$	200	$	—	$	200	$	—	$	200
NVIDIA Corporation cross-license agreement liability	$	1,156	$	—	$	1,174	$	—	$	1,174

As of March 31, 2012 and December 31, 2011, the unrealized loss position of our non-marketable cost method investments was not significant.

Our non-marketable equity investments are valued using the market and income approaches. The market approach includes the use of financial metrics and ratios of comparable public companies. The selection of comparable companies requires management judgment and is based on a number of factors, including comparable companies’ sizes, growth rates, industries, development stages, and other relevant factors. The income approach includes the use of a discounted cash flow model, which requires the following significant estimates for the investee: revenue, costs, and discount rates based on the risk profile of comparable companies. Estimates of revenues and costs are developed using available market, historical, and forecast data. The valuation of these non-marketable cost method investments also takes into account variables such as conditions reflected in the capital markets, recent financing activities by the investees, the investees’ capital structure, the terms of the investees’ issued interests, and the lack of marketability of the investments.

The carrying amount and fair value of loans receivable exclude loans measured and recorded at a fair value of $780 million as of March 31, 2012 ($748 million as of December 31, 2011). The carrying amount and fair value of long-term debt exclude long-term debt measured and recorded at a fair value of $128 million as of March 31, 2012 ($131 million as of December 31, 2011). Short-term debt includes our commercial paper outstanding as of March 31, 2012 and December 31, 2011, and the carrying amount and fair value exclude drafts payable.

The fair value of our loans receivable, including those held at fair value, is determined using a discounted cash flow model, with all significant inputs 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 our loans receivable remains high, with credit ratings of A+/A1 or better as of March 31, 2012. Our long-term debt recognized at amortized cost is comprised of our senior notes and our convertible debentures. The fair value of our senior notes is determined using active market prices, and is thereby classified as Level 1. The fair value of our convertible long-term debt is determined using discounted cash flow models with observable market inputs and takes into consideration variables such as risk-free rate, comparable securities, subordination discount, credit-rating changes and interest rate changes.

The NVIDIA Corporation cross-license agreement liability in the preceding table was incurred as a result of entering into a long-term patent cross-license agreement with NVIDIA in January 2011. We agreed to make payments to NVIDIA over six years. As of March 31, 2012 and December 31, 2011, the carrying amount of the liability arising from the agreement was classified within other accrued liabilities and other long-term liabilities, as applicable. The fair value is determined using a discounted cash flow model which discounts future cash flows using our incremental borrowing rates.

10

INTEL CORPORATION

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS — Unaudited (Continued)

Note 4: Trading Assets

As of March 31, 2012 and December 31, 2011, trading assets were comprised of marketable debt instruments. Net losses related to trading assets still held at the reporting date were $20 million in the first quarter of 2012 (net gains of $61 million in the first quarter of 2011). Net gains on the related derivatives were $28 million in the first quarter of 2012 (net losses of $50 million in the first quarter of 2011).

Net gains on marketable equity securities classified as trading assets still held at April 2, 2011, excluding the impacts of the related derivatives, were $144 million in the first quarter of 2011.

Note 5: Available-for-Sale Investments

Available-for-sale investments as of March 31, 2012 and December 31, 2011 were as follows:

	March 31, 2012									December 31, 2011
(In Millions)	Adjusted Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value		Adjusted Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Government bonds	$	3,510	$	1	$	(2	)	$	3,509	$	4,131	$	—	$	(4	)	$	4,127
Commercial paper		3,162		—		(1	)		3,161		3,820		—		(3	)		3,817
Bank deposits		1,252		1		—			1,253		1,046		1		(1	)		1,046
Marketable equity securities		208		613		(2	)		819		189		385		(12	)		562
Corporate bonds		746		13		(4	)		755		892		14		(9	)		897
Money market fund deposits		471		—		—			471		546		—		—			546
Asset-backed securities		18		—		(3	)		15		48		—		(12	)		36
Total available-for-sale investments	$	9,367	$	628	$	(12	)	$	9,983	$	10,672	$	400	$	(41	)	$	11,031

In the preceding table, government bonds include bonds issued or deemed to be guaranteed by government entities. Government bonds include instruments such as U.S. Treasury securities, non-U.S. government bonds, and U.S. agency securities as of March 31, 2012 and December 31, 2011.

The amortized cost and fair value of available-for-sale debt investments as of March 31, 2012, by contractual maturity, were as follows:

(In Millions)	Cost		Fair Value
Due in 1 year or less	$	8,187	$	8,194
Due in 1–2 years		218		223
Due in 2–5 years		262		259
Due after 5 years		3		2
Instruments not due at a single maturity date		489		486
Total	$	9,159	$	9,164

Instruments not due at a single maturity date in the preceding table include asset-backed securities and money market fund deposits.

In the first quarter of 2012, we sold available-for-sale investments for proceeds of $333 million ($7.6 billion in the first quarter of 2011). The gross realized gains on sales of available-for-sale investments were insignificant in the first quarter of 2012 ($28 million in the first quarter of 2011) and were primarily related to our sales of marketable equity securities. We determine the cost of an investment sold on an average cost basis at the individual security level.

11

INTEL CORPORATION

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS — Unaudited (Continued)

The before-tax net unrealized holding gains (losses) on available-for-sale investments that have been included in other comprehensive income (loss) and the before-tax net gains (losses) reclassified from accumulated other comprehensive income (loss) into earnings were as follows:

		$4,489			$4,489
	Three Months Ended
(In Millions)	March 31, 2012			April 2, 2011
Net unrealized holding gains (losses) included in other comprehensive income (loss)	$	252		$	36
Net gains (losses) reclassified from accumulated other comprehensive income (loss) into earnings	$	(5	)	$	44

Note 6: Inventories

Inventories at the end of each period were as follows:

		$4,489		$4,489
(In Millions)	March 31, 2012		Dec. 31, 2011
Raw materials	$	646	$	644
Work in process		2,048		1,680
Finished goods		1,795		1,772
Total inventories	$	4,489	$	4,096

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 and commodity price risk. We currently do not hold derivative instruments for the purpose of managing credit risk since we limit the amount of credit exposure to any one counterparty and generally enter into derivative transactions with high-credit-quality counterparties. We also enter into master netting arrangements with counterparties when possible 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. For presentation on our consolidated condensed balance sheets, we do not offset fair value amounts recognized for derivative instruments under master netting arrangements.

Currency Exchange Rate Risk

We are exposed to currency exchange rate risk and generally hedge our exposures with currency forward contracts, currency interest rate swaps, or currency options. Substantially all of our revenue is transacted in U.S. dollars. However, a significant amount of our operating expenditures and capital purchases are incurred in or exposed to other currencies, primarily the Japanese yen, the euro, and the Israeli shekel. We have established balance sheet and forecasted transaction currency risk management programs to protect against fluctuations in fair value and the volatility of the functional currency equivalent of future cash flows caused by changes in exchange rates. Our non-U.S.-dollar-denominated investments in debt instruments and loans receivable are generally hedged with offsetting currency forward contracts or currency interest rate swaps. These programs reduce, but do not entirely 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. These instruments generally mature within 12 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 reclassify it into earnings in the same period or periods in which the hedged transaction affects earnings, and in the same line item on the consolidated condensed statements of income as the impact of the hedged transaction.

• Currency derivatives without hedge accounting designation that utilize currency forward contracts or currency interest rate swaps to economically hedge the functional currency equivalent cash flows of recognized monetary assets and liabilities, non-U.S.-dollar-denominated debt instruments classified as trading assets, and hedges of non-U.S.-dollar-denominated loans receivable recognized at fair value. The majority of these instruments mature within 12 months. Changes in the functional currency equivalent cash flows of the underlying assets and liabilities are approximately offset by the changes in fair values 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.

12

INTEL CORPORATION

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS — Unaudited (Continued)

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. These swaps are settled at various interest payment times involving cash payments at each interest and principal payment date, with the majority of the contracts having quarterly payments.

Our interest rate risk management programs include:

• Interest rate derivatives with cash flow hedge accounting designation that utilize interest rate swap agreements to modify the interest characteristics of debt instruments. For these derivatives, we report the after-tax gain or loss from the effective portion of the hedge as a component of accumulated other comprehensive income (loss) and 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 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 are reset on a quarterly basis. Changes in fair value of the debt instruments classified as trading assets and hedges of loans receivable recognized at fair value are generally offset by changes in fair value of the related derivatives, both of which are recorded in interest and other, net.

Equity Market Risk

Our marketable investments include marketable equity securities and equity derivative instruments. To the extent that our marketable equity securities have strategic value, we typically do not attempt to reduce or eliminate our equity market exposure through hedging activities. We may enter into transactions to reduce or eliminate the equity market risks for our investments in strategic equity derivative instruments. For securities that we no longer consider strategic, we evaluate legal, market, and economic factors in our decision on the timing of disposal and whether it is possible and appropriate to hedge the equity market risk. Our equity market risk management program includes equity derivatives 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 gains and losses on the related liabilities, both of which are recorded in cost of sales and operating expenses.

Commodity Price Risk

We operate facilities that consume commodities, and have established forecasted transaction risk management programs to protect against fluctuations in fair value and the volatility of future cash flows caused by changes in commodity prices, such as those for natural gas. These programs reduce, but do not always entirely eliminate, the impact of commodity price movements.

Our commodity price risk management program includes commodity derivatives with cash flow hedge accounting designation that utilize commodity swap contracts to hedge future cash flow exposures to the variability in commodity prices. These instruments generally mature within 12 months. For these derivatives, we report the after-tax gain (loss) from the effective portion of the hedge as a component of accumulated other comprehensive income (loss) and 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.

13

INTEL CORPORATION

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS — Unaudited (Continued)

Volume of Derivative Activity

Total gross notional amounts for outstanding derivatives (recorded at fair value) were as follows:

		$19,189		$19,189		$19,189
(In Millions)	March 31, 2012		Dec. 31, 2011		April 2, 2011
Currency forwards	$	11,116	$	11,203	$	8,123
Embedded debt derivatives		3,600		3,600		3,600
Currency interest rate swaps		1,812		1,650		1,690
Interest rate swaps		1,689		1,837		2,159
Total return swaps		821		761		649
Equity options		50		54		496
Other		101		128		128
Total	$	19,189	$	19,233	$	16,845

The gross notional amounts for currency forwards and currency interest rate swaps (presented by currency) were as follows:

		$19,189		$19,189		$19,189
(In Millions)	March 31, 2012		Dec. 31, 2011		April 2, 2011
Japanese yen	$	4,040	$	3,477	$	3,047
Euro		3,553		3,904		4,035
Israeli shekel		1,823		2,168		1,199
Malaysian ringgit		914		805		336
Chinese yuan		803		688		341
British pound sterling		523		459		317
Other		1,272		1,352		538
Total	$	12,928	$	12,853	$	9,813

Fair Values of Derivative Instruments in the Consolidated Condensed Balance Sheets

The fair values of our derivative instruments as of March 31, 2012 and December 31, 2011 were as follows:

	March 31, 2012								December 31, 2011
(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	$	26	$	1	$	183	$	17	$	61	$	—	$	170	$	7
Other		—		—		1		—		—		—		1		—
Total derivatives designated as hedging instruments	$	26	$	1	$	184	$	17	$	61	$	—	$	171	$	7
Derivatives not designated as hedging instruments
Currency forwards	$	55	$	—	$	29	$	—	$	54	$	—	$	34	$	—
Interest rate swaps		—		—		54		—		3		—		63		—
Currency interest rate swaps		27		23		8		13		41		33		11		10
Embedded debt derivatives		—		—		—		10		—		—		—		10
Total return swaps		5		—		—		—		7		—		—		—
Equity options		—		6		9		—		—		6		9		—
Other		—		22		—		—		—		24		—		—
Total derivatives not designated as hedging instruments	$	87	$	51	$	100	$	23	$	105	$	63	$	117	$	20
Total derivatives	$	113	$	52	$	284	$	40	$	166	$	63	$	288	$	27

14

INTEL CORPORATION

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS — Unaudited (Continued)

Derivatives in Cash Flow Hedging Relationships

The before-tax effects of derivative instruments in cash flow hedging relationships for the three months ended March 31, 2012 and April 2, 2011 were as follows:

		YTD 2011			YTD 2011		YTD 2011		YTD 2011			YTD 2011
	Gains (Losses) Recognized in OCI on Derivatives (Effective Portion)					Gains (Losses) Reclassified from Accumulated OCI into Income by Derivative Instrument Type (Effective Portion)
(In Millions)	Q1 2012			Q1 2011		Location		Q1 2012			Q1 2011
Currency forwards	$	(74	)	$	201		Cost of sales	$	15		$	34
							Research and development		(21	)		8
							Marketing, general and administrative		(5	)		5
Other		—			3		Cost of sales		(1	)		1
Total	$	(74	)	$	204			$	(12	)	$	48

Gains and losses on derivative instruments in cash flow hedging relationships related to hedge ineffectiveness and amounts excluded from effectiveness testing were insignificant during all periods presented in the preceding tables. We estimate that we will reclassify approximately $55 million (before taxes) of net derivative losses included in accumulated other comprehensive income (loss) into earnings within the next 12 months. For all periods presented, there was an insignificant impact on results of operations from discontinued cash flow hedges as a result of forecasted transactions that were not probable to occur.

Derivatives Not Designated as Hedging Instruments

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

	$(114)		$(114)			$(114)
		Three Months Ended
(In Millions)	Location of Gains (Losses) Recognized in Income on Derivatives	March 31, 2012			April 2, 2011
Currency forwards	Interest and other, net	$	15		$	14
Interest rate swaps	Interest and other, net		30			(1	)
Currency interest rate swaps	Interest and other, net		(56	)		(110	)
Total return swaps	Various		59			23
Equity options	Gains (losses) on equity investments, net		—			(117	)
Other	Gains (losses) on equity investments, net		(2	)		2
Total		$	46		$	(189	)

Note 8: Other Long-Term Assets

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

		0000000000		0000000000
	March 31,		Dec. 31,
(In Millions)	2012		2011
Equity method investments	$	1,602	$	1,669
Non-marketable cost method investments		1,116		1,129
Non-current deferred tax assets		314		335
Loans receivable		747		715
Other		821		800
Total other long-term assets	$	4,600	$	4,648

15

INTEL CORPORATION

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS — Unaudited (Continued)

Note 9: Equity Method Investments

IMFT/IMFS

Micron Technology, Inc. and Intel formed IM Flash Technologies, LLC (IMFT) and IM Flash Singapore, LLP (IMFS) to manufacture NAND flash memory products for Micron and Intel. As of March 31, 2012, we owned a 49% interest in IMFT and an 18% interest in IMFS. The carrying value of our investment in IMFT/IMFS was $1.3 billion as of March 31, 2012 ($1.3 billion as of December 31, 2011) and is classified within other long-term assets.

These joint ventures are variable interest entities. All costs of the joint ventures are passed on to Micron and Intel through our purchase agreements. The joint ventures are dependent upon Micron and Intel for any additional cash requirements. Our portion of IMFT/IMFS costs, primarily related to product purchases and production-related services, was approximately $240 million during the first quarter of 2012 (approximately $220 million during the first quarter of 2011). The amount due to IMFT/IMFS for product purchases and services provided was approximately $95 million as of March 31, 2012 (approximately $125 million as of December 31, 2011). Finally, $67 million was returned to Intel by IMFT/IMFS during the first quarter of 2012, which is reflected as a return of equity method investment within investing activities on the consolidated condensed statements of cash flows ($24 million during the first quarter of 2011).

Subsequent to the end of the first quarter of 2012, we completed agreements with Micron to expand our joint venture relationship. Under the new structure, we own a 49% interest in the remaining assets held by IMFT and no longer hold an ownership interest in IMFS. We also entered into an amended operating agreement for IMFT, which extends the term of IMFT to 2024, unless earlier terminated under certain terms and conditions, and provides that IMFT may manufacture certain emerging memory technologies in addition to NAND flash memory. These agreements include a NAND Flash supply agreement for Micron to supply us NAND products. Additionally, we received approximately $600 million from the sale of assets of IMFS and certain assets of IMFT to Micron. We provided approximately $365 million to Micron, which we expect will primarily be applied to future product purchases under the supply agreement with Micron. Additionally, the agreements extend Intel and Micron’s NAND joint development program and expand it to include emerging memory technologies. Finally, the amended agreement also provides for certain buy-sell rights, beginning in 2015, under which we may elect to sell to Micron, or Micron may elect to purchase from us, our interest in IMFT. If Intel elects to 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 Intel for one to two years.

We expect the closing of the joint venture expansion to have an insignificant impact on our consolidated condensed statements of income for the second quarter of 2012.

Subsequent to the closing of the transaction in the second quarter of 2012, our known maximum exposure to loss is $656 million, which approximated the carrying value of our investment balance in IMFT. Except for the amount due to IMFT for product purchases and services, we did not have any additional liabilities recognized on our consolidated condensed balance sheets in connection with our interests in these joint ventures as of March 31, 2012. In addition, 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. Finally, as 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.

Under the accounting standards for consolidating variable interest entities, the consolidating investor is the entity with the power to direct the activities of the venture that most significantly impact the venture’s economic performance and with the obligation to absorb losses or the right to receive benefits from the venture that could potentially be significant to the venture. We have determined that we do not have both of these characteristics and, therefore, we account for our interest in IMFT and our previous interest in IMFS using the equity method of accounting.

16

INTEL CORPORATION

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS — Unaudited (Continued)

Note 10: Gains (Losses) on Equity Investments, Net

Gains (losses) on equity investments, net included:

		$ 243			$ 243
	Three Months Ended
(In Millions)	March 31, 2012			April 2, 2011
Share of equity method investee losses, net	$	(19	)	$	(62	)
Impairment charges		(59	)		(14	)
Gains on sales, net		30			45
Other, net		29			59
Total gains (losses) on equity investments, net	$	(19	)	$	28

Note 11: Interest and Other, Net

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

		$ 243			$ 243
	Three Months Ended
(In Millions)	March 31, 2012			April  2, 2011
Interest income	$	28		$	28
Interest expense		(31	)		(6	)
Other, net		26			163
Total interest and other, net	$	23		$	185

Interest expense in the preceding table is net of $50 million of interest capitalized in the first quarter of 2012 ($44 million in the first quarter of 2011).

Note 12: Acquisitions

During the first quarter of 2012, we completed four acquisitions qualifying as business combinations in exchange for aggregate net cash consideration of $176 million. Substantially all of the consideration was allocated to goodwill and intangibles.

Note 13: Goodwill

Goodwill activity for the first quarter of 2012 was as follows:

(In Millions)	PC Client Group		Data Center Group		Other Intel Architecture Operating Segments		Software  and Services Operating Segments		Unallocated		Total
December 31, 2011	$	2,918	$	1,553	$	844	$	3,939	$	—	$	9,254
Additions due to acquisitions		12		90		—		5		7		114
Effect of exchange rate fluctuations		—		—		—		20		—		20
March 31, 2012	$	2,930	$	1,643	$	844	$	3,964	$	7	$	9,388

No goodwill was impaired during the first quarter of 2012 and 2011, and the accumulated impairment losses as of March 31, 2012 and December 31, 2011 were $713 million: $341 million associated with our PC Client Group, $279 million associated with our Data Center Group, and $93 million associated with other Intel architecture operating segments.

17

INTEL CORPORATION

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS — Unaudited (Continued)

Note 14: Identified Intangible Assets

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

		$(1,302)		$(1,302)			$(1,302)
	March 31, 2012
(In Millions)	Gross Assets		Accumulated Amortization			Net
Acquisition-related developed technology	$	2,633	$	(693	)	$	1,940
Acquisition-related customer relationships		1,714		(331	)		1,383
Acquisition-related trade names		68		(24	)		44
Licensed technology		2,398		(755	)		1,643
Identified intangible assets subject to amortization	$	6,813	$	(1,803	)	$	5,010
Acquisition-related trade names		810		—			810
Other intangible assets		244		—			244
Identified intangible assets not subject to amortization	$	1,054	$	—		$	1,054
Total identified intangible assets	$	7,867	$	(1,803	)	$	6,064

		$(1,302)		$(1,302)			$(1,302)
	December 31, 2011
(In Millions)	Gross Assets		Accumulated Amortization			Net
Acquisition-related developed technology	$	2,615	$	(570	)	$	2,045
Acquisition-related customer relationships		1,714		(254	)		1,460
Acquisition-related trade names		68		(21	)		47
Licensed technology		2,395		(707	)		1,688
Identified intangible assets subject to amortization	$	6,792	$	(1,552	)	$	5,240
Acquisition-related trade names		806		—			806
Other intangible assets		221		—			221
Identified intangible assets not subject to amortization	$	1,027	$	—		$	1,027
Total identified intangible assets	$	7,819	$	(1,552	)	$	6,267

For identified intangible assets that are subject to amortization, we recorded amortization expense on the consolidated condensed statements of income as follows: substantially all amortization of acquisition-related developed technology and licensed technology is included in cost of sales, and amortization of acquisition-related customer relationships and trade names is included in amortization of acquisition-related intangibles.

Amortization expenses for the periods indicated were as follows:

		March 31,000		March 31,000
	Three Months Ended
(In Millions)	March 31, 2012		April 2, 2011
Acquisition-related developed technology	$	137	$	73
Acquisition-related customer relationships	$	78	$	34
Acquisition-related trade names	$	3	$	2
Licensed technology	$	48	$	46

Based on the identified intangible assets that are subject to amortization as of March 31, 2012, we expect future amortization expense to be as follows:

		Remainder		Remainder		Remainder		Remainder		Remainder
	Remainder
(In Millions)	of 2012		2013		2014		2015		2016
Acquisition-related developed technology	$	410	$	534	$	512	$	242	$	155
Acquisition-related customer relationships	$	220	$	275	$	262	$	244	$	226
Acquisition-related trade names	$	9	$	11	$	10	$	10	$	4
Licensed technology	$	134	$	165	$	154	$	136	$	121

18

INTEL CORPORATION

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS — Unaudited (Continued)

Note 15: Deferred Income

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

(In Millions)	March 31, 2012		Dec. 31, 2011
Deferred income on shipments of components to distributors	$	814	$	751
Deferred income from software and services operating segments		1,187		1,178
Current deferred income	$	2,001	$	1,929
Non-current deferred income from software and services operating segments		436		460
Total deferred income	$	2,437	$	2,389

We classify non-current deferred income from the software and services operating segments in other long-term liabilities.

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.

Under the 2006 Equity Incentive Plan (the 2006 Plan), 596 million shares of common stock have been made available for issuance as equity awards to employees and non-employee directors. A maximum of 394 million of these shares can be awarded as non-vested shares (restricted stock) or non-vested share units (restricted stock units). As of March 31, 2012, 300 million shares remained available for future grant under the 2006 Plan.

The 2006 Stock Purchase Plan allows eligible employees to purchase shares of our common stock at 85% of the value of our common stock on specific dates. Rights to purchase shares are granted during the first and third quarters of each year. Under the 2006 Stock Purchase Plan, we made 373 million shares of common stock available for issuance through August 2016. As of March 31, 2012, 244 million shares were available for issuance under the 2006 Stock Purchase Plan.

Restricted Stock Unit Awards

Activity with respect to outstanding restricted stock units (RSUs) for the first quarter of 2012 was as follows:

(In Millions, Except Per RSU Amounts)	Number of RSUs			Weighted Average Grant-Date Fair Value
December 31, 2011		107.0		$	19.18
Granted		4.6		$	27.36
Vested		(2.7	)	$	19.96
Forfeited		(1.3	)	$	19.26
March 31, 2012		107.6		$	19.51

As of March 31, 2012, 5 million of the outstanding restricted stock units were market-based restricted stock units.

19

INTEL CORPORATION

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS — Unaudited (Continued)

Stock Option Awards

Activity with respect to outstanding stock options for the first quarter of 2012 was as follows:

		Exercise Price			Exercise Price
(In Millions, Except Per Option Amounts)	Number of Options			Weighted Average Exercise Price
December 31, 2011		298.3		$	20.12
Granted		3.8		$	26.79
Exercised		(50.1	)	$	20.90
Cancelled and forfeited		(1.4	)	$	21.34
Expired		(0.9	)	$	30.01
March 31, 2012		249.7		$	20.02
Options exercisable as of:
December 31, 2011		203.6		$	20.44
March 31, 2012		155.5		$	20.21

Stock Purchase Plan

Employees purchased 10.3 million shares in the first quarter of 2012 (10.3 million shares in the first quarter of 2011) for $197 million ($181 million in the first quarter of 2011) under the 2006 Stock Purchase Plan.

Note 17: Common Stock Repurchases

Common Stock Repurchase Program

We have an ongoing authorization, since October 2005, as amended, from our Board of Directors to repurchase up to $45 billion in shares of our common stock in open market or negotiated transactions. As of March 31, 2012, $8.6 billion remained available for repurchase under the existing repurchase authorization limit. During the first quarter of 2012, we repurchased 56.9 million shares of common stock at a cost of $1.5 billion. During the first quarter of 2011, we repurchased 189.1 million shares of common stock at a cost of $4.0 billion. We have repurchased 4.1 billion shares at a cost of $86 billion since the program began in 1990.

Note 18: Earnings Per Share

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

	Three Months Ended
(In Millions, Except Per Share Amounts)	March 31, 2012		April 2, 2011
Net income available to common stockholders	$	2,738	$	3,160
Weighted average common shares outstanding — basic		4,999		5,452
Dilutive effect of employee equity incentive plans		126		102
Dilutive effect of convertible debt		67		52
Weighted average common shares outstanding — diluted		5,192		5,606
Basic earnings per common share	$	0.55	$	0.58
Diluted earnings per common share	$	0.53	$	0.56

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

20

INTEL CORPORATION

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS — Unaudited (Continued)

Potentially dilutive common shares from employee incentive plans are determined by applying the treasury stock method to the assumed exercise of outstanding stock options, the assumed vesting of outstanding restricted stock units, and the assumed issuance of common stock under the stock purchase plan. Potentially dilutive common shares are determined by applying the if-converted method for our 2005 debentures. 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 common shares are determined by applying the treasury stock method.

For the first quarter of 2012, we excluded 19 million outstanding weighted average stock options (125 million for the first quarter of 2011) from the calculation of diluted earnings per common share because the exercise prices of these stock options were greater than or equal to the average market value of the common shares. These options could be included in the calculation in the future if the average market value of the common shares increases and is greater than the exercise price of these options. In the first quarter of 2012, we included our 2009 debentures in the calculation of diluted earnings per common share because the average market price was above the conversion price. In the first quarter of 2011, we excluded the 2009 debentures from the calculation of diluted earnings per common share because the conversion option of the debentures was anti-dilutive, and we could potentially exclude the 2009 debentures again in the future if the average market price is below the conversion price.

Note 19: Comprehensive Income

The components of accumulated other comprehensive income, net of tax, at the end of each period, as well as the activity, were as follows:

		Comprehensive			Comprehensive			Comprehensive
(In Millions)	Dec. 31, 2011			Other Comprehensive Income			March 31, 2012
Accumulated net unrealized holding gain (loss) on available-for-sale investments	$	231		$	166		$	397
Accumulated net deferred tax asset valuation allowance		104			—			104
Accumulated net unrealized holding gain (loss) on derivatives		8			(34	)		(26	)
Accumulated net prior service costs		(32	)		1			(31	)
Accumulated net actuarial losses		(950	)		16			(934	)
Accumulated net foreign currency translation adjustment		(142	)		28			(114	)
Total accumulated other comprehensive income (loss)	$	(781	)	$	177		$	(604	)

Note 20: Contingencies

Legal Proceedings

We are currently a party to various legal proceedings, including those noted in this section. While management presently believes that the ultimate outcome of these proceedings, individually and in the aggregate, will not materially harm the company’s financial position, results of operations, cash flows, or overall trends, legal proceedings and related government investigations are subject to inherent uncertainties, and unfavorable rulings or other events could occur. Unfavorable resolutions could include substantial monetary damages, and in matters for which injunctive relief or other conduct remedies are sought, an injunction or other order prohibiting us from selling one or more products at all or in particular ways, precluding particular business practices, or requiring other remedies such as compulsory licensing of intellectual property rights (IP). Were unfavorable final outcomes to occur, there exists the possibility of a material adverse impact on our business, results of operations, financial position, and overall trends. It is also possible that we could conclude it is in the best interests of our stockholders, employees, and customers to settle one or more such matters, and any such settlement could include substantial payments; however, we have not reached this conclusion with respect to any particular matter at this time.

21

INTEL CORPORATION

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS — Unaudited (Continued)

A number of proceedings generally have challenged and continue to challenge certain of our competitive practices. The allegations in these proceedings vary and are described in more detail in the following paragraphs, but in general contend that we improperly condition price rebates and other discounts on our microprocessors on exclusive or near-exclusive dealing by some of our customers; claim that our software compiler business unfairly prefers Intel microprocessors over competing microprocessors and that, through the use of our compiler and other means, we have caused inaccurate and misleading benchmark results concerning our microprocessors to be disseminated; allege that we unfairly controlled the content and timing of release of various standard computer interfaces developed by Intel in cooperation with other industry participants; and accuse us of engaging in various acts of improper competitive activity in competing against what is referred to as general-purpose graphics processing units, including certain licensing practices and our actions in connection with developing and disclosing potentially competitive technology.

We believe that we compete lawfully and that our marketing, business, IP, and other challenged practices benefit our customers and our stockholders, and we will continue to conduct a vigorous defense in these proceedings. While we have settled some of these matters, the distractions caused by challenges to our conduct from the remaining matters are undesirable, and the legal and other costs associated with defending and resolving our position have been and continue to be significant. We assume that these challenges could continue for a number of years and may require the investment of substantial additional management time and substantial financial resources to explain and defend our position.

Government Competition Matters and Related 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 have received numerous requests for information and documents from the EC, and we have responded to each of those requests. The EC issued a Statement of Objections in July 2007 and held a hearing on that Statement in March 2008. The EC issued a Supplemental Statement of Objections in July 2008.

In May 2009, the EC issued a decision finding that we had violated Article 82 of the EC Treaty and Article 54 of the European Economic Area Agreement. In general, the EC found that we violated Article 82 (later renumbered as Article 102 by a new treaty) by offering alleged “conditional rebates and payments” that required our customers to purchase all or most of their x86 microprocessors from us. The EC also found that we violated Article 82 by making alleged “payments to prevent sales of specific rival products.” The EC imposed a fine in the amount of €1.06 billion ($1.447 billion as of May 2009), which we subsequently paid during the third quarter of 2009, and also ordered us to “immediately bring to an end the infringement referred to in” the EC decision. In the second quarter of 2009, we recorded the related charge within marketing, general and administrative. We strongly disagree with the EC’s decision, and we appealed the decision to the Court of First Instance (which has been renamed the General Court) in July 2009. A hearing of Intel’s appeal has been set to commence in July 2012. The court’s decision, after oral argument, is expected in late 2012 or early 2013.

The EC decision exceeds 500 pages and does not contain specific direction on whether or how we should modify our business practices. Instead, the decision states that we should “cease and desist” from further conduct that, in the EC’s opinion, would violate applicable law. We have taken steps, which are subject to the EC’s ongoing review, to comply with that decision pending appeal. We opened discussions with the EC to better understand the decision and to explain changes to our business practices. Based on our current understanding and expectations, we do not believe that any such changes will be material to our financial position, results, or cash flows.

In June 2005, we received an inquiry from the Korea Fair Trade Commission (KFTC) requesting documents from our Korean subsidiary related to marketing and rebate programs that we entered into with Korean PC manufacturers. In February 2006, the KFTC initiated an inspection of documents at our offices in Korea. In September 2007, the KFTC served on us an Examination Report alleging that sales to two customers during parts of 2002–2005 violated Korea’s Monopoly Regulation and Fair Trade Act. In December 2007, we submitted our written response to the KFTC. In February 2008, the KFTC’s examiner submitted a written reply to our response. In March 2008, we submitted a further response. In April 2008, we participated in a pre-hearing conference before the KFTC, and we participated in formal hearings in May and June 2008. In June 2008, the KFTC announced its intent to fine us approximately $25 million for providing discounts to Samsung Electronics Co., Ltd. and TriGem Computer Inc. In November 2008, the KFTC issued a final written decision concluding that our discounts had violated Korean antitrust law and imposing a fine on us of approximately $20 million, which we paid in January 2009. In December 2008, we appealed this decision by filing a lawsuit in the Seoul High Court seeking to overturn the KFTC’s decision. We expect a decision from the court in 2012.

22

INTEL CORPORATION

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS — Unaudited (Continued)

At least 82 separate class actions have been filed in the U.S. District Courts for the Northern District of California, Southern District of California, District of Idaho, District of Nebraska, District of New Mexico, District of Maine, and District of Delaware, as well as in various California, Kansas, and Tennessee state courts. These actions generally repeat the allegations made in a now-settled lawsuit filed against Intel by AMD in June 2005 in the U.S. District Court for the District of Delaware (AMD litigation). Like the AMD litigation, these class-action suits allege that Intel engaged in various actions in violation of the Sherman Act and other laws by, among other things, providing discounts and rebates to our manufacturer and distributor customers conditioned on exclusive or near-exclusive dealings that allegedly unfairly interfered with AMD’s ability to sell its microprocessors, interfering with certain AMD product launches, and interfering with AMD’s participation in certain industry standards-setting groups. The class actions allege various consumer injuries, including that consumers in various states have been injured by paying higher prices for computers containing our microprocessors. We dispute the class-action claims and intend to defend the lawsuits vigorously.

All of the federal class actions and the Kansas and Tennessee state court class actions have been transferred by the Multidistrict Litigation Panel to the U.S. District Court in Delaware for all pre-trial proceedings and discovery (MDL proceedings). The Delaware district court has appointed a Special Master to address issues in the MDL proceedings, as assigned by the court. In January 2010, the plaintiffs in the Delaware action filed a motion for sanctions for our alleged failure to preserve evidence. This motion largely copies a motion previously filed by AMD in the AMD litigation, which has settled. The plaintiffs in the MDL proceedings also moved for certification of a class of members who purchased certain PCs containing products sold by Intel. In July 2010, the Special Master issued a Report and Recommendation (Class Report) denying the motion to certify a class. The MDL plaintiffs filed objections to the Special Master’s Class Report, and a hearing on these objections was held in March 2011. The Delaware district court has not yet ruled on those objections. All California class actions have been consolidated in the Superior Court of California in Santa Clara County. The plaintiffs in the California actions have moved for class certification, which we are in the process of opposing. At our request, the court in the California actions has agreed to delay ruling on this motion until after the Delaware district court rules on the similar motion in the MDL proceedings. Based on the procedural posture and the nature of the cases, including, but not limited to, the fact that the Special Master’s Class Report is on review in the Delaware district court, we are unable to make a reasonable estimate of the potential loss or range of losses, if any, arising from these matters.

Lehman Matter

In November 2009, representatives of the Lehman Brothers OTC Derivatives Inc. (LOTC) bankruptcy estate advised us informally that the estate was considering a claim against us arising from a 2008 contract between Intel and LOTC. Under the terms of the 2008 contract, Intel prepaid $1.0 billion to LOTC, in exchange for which LOTC was required to purchase and deliver to Intel the number of shares of Intel common stock that could be purchased for $1.0 billion at the discounted volume-weighted average price specified in the contract for the period September 2, 2008 to September 26, 2008. LOTC’s performance under the contract was secured by $1.0 billion of cash collateral. Under the terms of the contract, LOTC was obligated to deliver approximately 50 million shares of our common stock to us on September 29, 2008. LOTC failed to deliver any shares of our common stock, and we exercised our right to setoff against the $1.0 billion collateral. LOTC has not initiated any action against us to date, but in February 2010, LOTC served a subpoena on us in connection with this transaction. In October 2010, LOTC demanded that Intel pay it at least $417 million. In September 2010, we entered into an agreement with LOTC that tolled any applicable statutes of limitations for 90 days and precluded the parties from commencing any formal proceedings to prosecute any claims against each other in any forum during that period. The tolling agreement with LOTC was extended several times, but lapsed in June 2011. We continue to believe that we acted appropriately under our agreement with LOTC, and we intend to defend any claim to the contrary. No complaint has been filed and we are in the early stages of evaluating this dispute, and accordingly are unable to make a reasonable estimate of the potential loss or range of losses, if any, arising from this matter.

23

INTEL CORPORATION

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS — Unaudited (Continued)

Note 21: Operating Segment Information

Our operating segments in effect as of March 31, 2012 include:

•    PC Client Group	•    Software and services operating segments
•    Data Center Group	•    McAfee
•    Other Intel architecture operating segments	•    Wind River Software Group
•    Intel Mobile Communications	•    Software and Services Group
•    Intelligent Systems Group	•    All Other
•    Netbook and Tablet Group	•    Non-Volatile Memory Solutions Group
•    Ultra-Mobility Group

We are reorganizing our smartphone, tablet, and mobile communication businesses within other Intel architecture operating segments to enable us to move faster and with greater collaboration and synergies in the market segment for mobile devices. The other Intel architecture operating segments will also continue to include our embedded and netbook businesses. We are currently in the process of making these changes to our organization and our systems. Given the scope of the business lines being impacted, this reorganization is expected to be completed in the second quarter of 2012 and reported in our earnings release Form 8-K for the quarter ended June 30, 2012.

The Chief Operating Decision Maker (CODM) is our President and 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).

Our PC Client Group and our Data Center Group are reportable operating segments. We also aggregate and disclose the financial results of our non-reportable operating segments within “other Intel architecture operating segments” and “software and services operating segments” as shown in the above operating segments list. Each of these aggregated operating segments does not meet the quantitative thresholds to qualify as reportable operating segments; however, we have elected to disclose the aggregation of these non-reportable operating segments. Revenue for our reportable and aggregated non-reportable operating segments is primarily related to the following product lines:

• PC Client Group. Includes platforms designed for the notebook and desktop (including high-end enthusiast PCs) market segments; and wireless connectivity products.

• Data Center Group. Includes platforms designed for the server, workstation, and storage computing market segments; and wired network connectivity products.

• Other Intel architecture operating segments. Includes mobile phone components such as baseband processors, radio frequency transceivers, and power management chips; platforms designed for embedded applications; platforms for the netbook and tablet market segments; and products designed for the smartphone market segment.

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

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

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

• results of operations from our Non-Volatile Memory Solutions Group that includes NAND flash memory products for use in a variety of devices;

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

• results of operations of seed businesses that support our initiatives; 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.

24

INTEL CORPORATION

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS — Unaudited (Continued)

Segment information is summarized as follows:

		March 31,			March 31,
	Three Months Ended
(In Millions)	March 31, 2012			April 2, 2011
Net revenue
PC Client Group	$	8,451		$	8,621
Data Center Group		2,453			2,464
Other Intel architecture operating segments		1,075			1,149
Software and services operating segments		571			240
All other		356			373
Total net revenue	$	12,906		$	12,847
Operating income (loss)
PC Client Group	$	3,483		$	3,543
Data Center Group		1,143			1,222
Other Intel architecture operating segments		(312	)		(36	)
Software and services operating segments		7			(52	)
All other		(511	)		(519	)
Total operating income	$	3,810		$	4,158

25

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. An analysis of our financial results comparing the three months ended March 31, 2012 to the three months ended April 2, 2011.

• Liquidity and Capital Resources. An 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.

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 31, 2011. The various sections of this MD&A contain a number of forward-looking statements. Words such as “expects,” “goals,” “plans,” “believes,” “continues,” “may,” “will,” 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, 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 Form 10-K, as updated in this Form 10-Q. In particular (i) our gross margin percentage could vary significantly from expectations based on a number of factors including capacity utilization, variations in inventory valuation, changes in revenue levels, segment product mix and the timing and execution of the manufacturing ramp and associated costs, (ii) demand could be different from expectations due to factors including changes in business and economic conditions, including supply constraints, customer acceptance of products, changes in customer order patterns and changes in the level of inventory at customers and (iii) our revenue and gross margin percentage are affected by factors such as the timing of our product introductions and the demand for and market acceptance of our products, actions taken by our competitors and our ability to respond quickly to technological developments. 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 May 4, 2012.

Overview

Our results of operations were as follows:

(Dollars in Millions)	Q1 2012			Q4 2011			Q1 2011
Net revenue	$	12,906		$	13,887		$	12,847
Gross margin	$	8,265		$	8,952		$	7,885
Gross margin percentage		64.0	%		64.5	%		61.4	%
Operating income	$	3,810		$	4,599		$	4,158
Net income	$	2,738		$	3,360		$	3,160
Diluted earnings per common share	$	0.53		$	0.64		$	0.56

Revenue in the first quarter of 2012 was slightly above the midpoint of the Business Outlook we provided in January and down 7% from the fourth quarter of 2011 as the floods in Thailand and the resulting disk drive supply shortage continued to negatively impact our results. We believe that the hard disk drive supply situation improved as we progressed through the first quarter and we do not expect it to have a negative impact on our business going forward. We expect our second quarter revenue to exceed normal seasonal trends as customer inventory levels begin to recover from the disk drive supply shortage. Looking to the second half of 2012, we expect the PC supply chain to refill and the trends of strength in emerging markets, the data center, and enterprise that drove our results in 2011 continue.

Our first quarter 2012 gross margin percentage declined from the fourth quarter of 2011 as higher platform unit costs and lower platform volume were partially offset by a decline in start-up costs. In the first quarter of 2012, we increased inventory by $393 million, primarily due to the ramp of our 3rd generation Intel^® Core^™ processor family (formerly code named “Ivy Bridge”) partially offset by a significant reduction in older generation products. As we sell this higher cost Ivy Bridge product inventory and continue to ramp production of these products in three factories with a fourth factory ramping in the second half of the year, we expect our gross margin percentage will decline by 2 percentage points in the second quarter based on the mid-point of our Business Outlook. We expect the gross margin percentage to increase in the second half of 2012 as that ramp brings unit costs down the cost curve.

26

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

We continue to extend our process technology leadership and are in the midst of refreshing our product lines across our segments. In April of 2012, we launched our first Ivy Bridge products, which are based on our 22nm process technology. Products based on this technology utilize three-dimensional Tri-Gate transistor technology, which improves performance and energy efficiency compared to prior generation products. We expect these products to help accelerate the ramp of Ultrabook™ systems; we are increasing our marketing expense in the second quarter of 2012 as we start a significant Ultrabook system marketing campaign. With the launch of our Intel^® Xeon^® Processor E5-2600 Series (formerly code named “Romley”) in the first quarter of 2012, we are also refreshing products in our data center market segment. This product family significantly increases performance and energy efficiency from the prior generation. We also continue to focus on our strategy for the smartphone market segment and announced in April of 2012 that Lava International Ltd., an India based mobile handset company, is offering the first Intel architecture based smartphone.

From a financial condition perspective, we ended the first quarter of 2012 with an investment portfolio of $13.8 billion (consisting of cash and cash equivalents, short-term investments, and trading assets) down $1.1 billion from the fourth quarter of 2011. During the first quarter of 2012, we generated $3.0 billion in cash from operations, received $1.2 billion on employees’ exercise of stock option awards, purchased $3.0 billion in capital assets, repurchased $1.5 billion of common stock through our common stock repurchase program, and returned $1.0 billion to stockholders through dividends. In March, our Board of Directors declared a dividend of $0.21 per common share to be paid in June.

Our Business Outlook for the second quarter and full-year 2012 includes, where applicable, our current expectations for revenue, gross margin percentage, spending (R&D plus MG&A), and capital expenditures. We will keep our most current Business Outlook publicly available on our Investor Relations web site at www.intc.com. This Business Outlook is not incorporated by reference into 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 Business Outlook or in this Form 10-Q. The public can continue to rely on the Business Outlook published on the web site as representing our current expectations on matters covered, unless we publish a notice stating otherwise. The statements in 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 SEC filings and at other times.

The forward-looking statements in Business Outlook will be effective through the close of business on June 15, 2012 unless updated earlier. From the close of business on June 15, 2012 until our quarterly earnings release is published, presently scheduled for July 17, 2012, we will observe a “quiet period.” During the quiet period, Business Outlook and other forward-looking statements first published in our Form 8-K filed on April 17, 2012, 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 as of 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.

27

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

Results of Operations – First Quarter of 2012 Compared to First Quarter of 2011

The following table sets forth certain consolidated condensed statements of income data as a percentage of net revenue for the periods indicated:

	Q1 2012						Q1 2011
(Dollars in Millions, Except Per Share Amounts)	Dollars			% of  Net Revenue			Dollars		% of  Net Revenue
Net revenue	$	12,906			100.0	%	$	12,847		100.0	%
Cost of sales		4,641			36.0	%		4,962		38.6	%
Gross margin		8,265			64.0	%		7,885		61.4	%
Research and development		2,401			18.6	%		1,916		14.9	%
Marketing, general and administrative		1,973			15.3	%		1,775		13.8	%
Amortization of acquisition-related intangibles		81			0.6	%		36		0.3	%
Operating income		3,810			29.5	%		4,158		32.4	%
Gains (losses) on equity investments, net		(19	)		(0.1)	%		28		0.2	%
Interest and other, net		23			0.2	%		185		1.4	%
Income before taxes		3,814			29.6	%		4,371		34.0	%
Provision for taxes		1,076			8.4	%		1,211		9.4	%
Net income	$	2,738			21.2	%	$	3,160		24.6	%
Diluted earnings per common share	$	0.53					$	0.56

The following table sets forth information of geographic regions for the periods indicated:

	Q1 2012					Q1 2011
(Dollars In Millions)	Revenue		% of Total			Revenue		% of Total
Asia-Pacific	$	7,368		57	%	$	7,262		56	%
Americas		2,553		20	%		2,715		21	%
Europe		1,778		14	%		1,645		13	%
Japan		1,207		9	%		1,225		10	%
Total	$	12,906		100	%	$	12,847		100	%

Our net revenue for Q1 2012, which was a 13 week quarter, increased $59 million compared to Q1 2011, which was a 14 week quarter. Q1 2012 included a full quarter of revenue from the acquisitions of the Wireless Solutions (WLS) business of Infineon Technologies AG (now Intel Mobile Communications) and McAfee, Inc. The WLS business of Infineon was acquired at the end of January 2011 and McAfee was acquired at the end of February 2011. Slightly higher platform (microprocessor and chipset) average selling prices also contributed to the increase. These increases were offset by slightly lower platform unit sales. Revenue in the Europe and Asia-Pacific regions increased by 8% and 1%, respectively, while revenue in the Americas and Japan regions decreased by 6% and 1%, respectively, compared to Q1 2011.

Our overall gross margin dollars for Q1 2012 increased $380 million, or 5%, compared to Q1 2011. The increase was primarily due to a $343 million charge recorded in the first quarter of 2011 to repair and replace materials and systems impacted by a design issue related to our Intel^® 6 Series Express Chipset Family. Additionally, we had lower start-up costs compared to Q1 2011 as we transition from manufacturing start-up costs related to our 22nm process technology to R&D of our next-generation 14nm process technology. These increases to our gross margin dollars were partially offset by higher inventory write-offs. The amortization of acquisition-related intangibles resulted in a $137 million reduction to our overall gross margin dollars in Q1 2012, compared to $73 million in Q1 2011, primarily due to the acquisitions of McAfee and the WLS business of Infineon Technologies.

Our overall gross margin percentage increased to 64.0% in Q1 2012 from 61.4% in Q1 2011. The increase in the gross margin percentage was primarily attributable to the gross margin percentage increase in the PC Client Group. We derived a substantial majority of our overall gross margin dollars in Q1 2012 and Q1 2011, from the sale of platforms in the PC Client Group and Data Center Group operating segments.

28

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

PC Client Group

The revenue and operating income for the PC Client Group (PCCG) operating segment for Q1 2012 and Q1 2011 were as follows:

(In Millions)	Q1 2012		Q1 2011
Net revenue	$	8,451	$	8,621
Operating income	$	3,483	$	3,543

Net revenue for the PCCG operating segment decreased by $170 million, or 2%, in Q1 2012 compared to Q1 2011. Platforms within PCCG include those designed for the notebook and desktop computing market segments. The decrease in revenue was due to slightly lower notebook platform average selling prices.

Operating income decreased by $60 million in Q1 2012 compared to Q1 2011. The decrease in operating income was due to higher operating expenses, lower revenue, and higher inventory write-offs compared to Q1 2011. These decreases were partially offset by a $343 million charge recorded in the first quarter of 2011 to repair and replace materials and systems impacted by a design issue related to our Intel^® 6 Series Express Chipset Family. Additionally, start-up costs in Q1 2012 were approximately $225 million lower compared to Q1 2011.

Data Center Group

The revenue and operating income for the Data Center Group (DCG) operating segment for Q1 2012 and Q1 2011 were as follows:

(In Millions)	Q1 2012		Q1 2011
Net revenue	$	2,453	$	2,464
Operating income	$	1,143	$	1,222

Net revenue for the DCG operating segment decreased by $11 million in Q1 2012 compared to Q1 2011. The decrease in revenue was primarily due to lower server platform unit sales, mostly offset by higher server platform average selling prices.

Operating income decreased by $79 million in Q1 2012 compared to Q1 2011. The decrease in operating income was primarily due to higher operating expenses.

Other Intel Architecture Operating Segments

The revenue and operating income (loss) for the other Intel architecture (Other IA) operating segments, including Intel Mobile Communications (IMC), the Intelligent Systems Group (ISG), the Netbook and Tablet Group (NTG), and the Ultra-Mobility Group (UMG), for Q1 2012 and Q1 2011 were as follows:

(In Millions)	Q1 2012			Q1 2011
Net revenue	$	1,075		$	1,149
Operating income (loss)	$	(312	)	$	(36	)

Net revenue for the Other IA operating segments decreased by $74 million, or 6%, in Q1 2012 compared to Q1 2011. The decrease was primarily due to significantly lower netbook platform unit sales and average selling prices within NTG. Q1 2012 included a full quarter of IMC revenue. The WLS business of Infineon was acquired at the end of January 2011.

Operating loss for the Other IA operating segments increased by $276 million in Q1 2012 compared to Q1 2011. The increase in operating loss was driven by significantly lower netbook revenue within NTG and a full quarter of IMC operating results.

29

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

Software and Services Operating Segments

The revenue and operating income (loss) for the software and services operating segments, including McAfee, the Wind River Software Group, and the Software and Services Group, for Q1 2012 and Q1 2011 were as follows:

		$2,401		$2,401
(In Millions)	Q1 2012		Q1 2011
Net revenue	$	571	$	240
Operating income (loss)	$	7	$	(52	)

Net revenue and operating results for the software and services operating segments improved by $331 million and $59 million, respectively, in Q1 2012 compared to Q1 2011. Q1 2012 included a full quarter of McAfee revenue and operating income. McAfee was acquired at the end of February 2011.

Operating Expenses

Operating expenses for Q1 2012 and Q1 2011 were as follows:

		$2,401		$2,401
(In Millions)	Q1 2012		Q1 2011
Research and development	$	2,401	$	1,916
Marketing, general and administrative	$	1,973	$	1,775
Amortization of acquisition-related intangibles	$	81	$	36

Research and Development. R&D spending increased by $485 million, or 25%, in Q1 2012 compared to Q1 2011. The increase was primarily due to higher compensation expenses based on an increase in employees, higher process development costs due to R&D of our next-generation 14nm process technology, and the full quarter expenses of McAfee and IMC, both acquired in Q1 2011. These increases were partially offset by an extra work week in Q1 2011.

Marketing, General and Administrative. Marketing, general and administrative expenses increased $198 million, or 11%, in Q1 2012 compared to Q1 2011. The increase was primarily due to the full quarter expenses of McAfee and IMC, both acquired in Q1 2011, and higher compensation expenses based on an increase in employees. These increases were partially offset by an extra work week in Q1 2011.

R&D, combined with marketing, general and administrative expenses, were 34% of net revenue in Q1 2012 (29% of net revenue in Q1 2011).

Amortization of acquisition-related intangibles. The increase of $45 million was primarily due to a full quarter of amortization of intangibles in the first quarter of 2012, compared to a partial quarter of amortization in the first quarter of 2011, related to the acquisitions of McAfee and the WLS business of Infineon, both completed in the first quarter of 2011.

Gains (Losses) on Equity Investments and Interest and Other

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

		$2,401			$2,401
(In Millions)	Q1 2012			Q1 2011
Gains (losses) on equity investments, net	$	(19	)	$	28
Interest and other, net	$	23		$	185

We recognized net losses on equity investments in Q1 2012 compared to net gains in Q1 2011. We recognized higher impairments and lower gains on other equity transactions in Q1 2012 compared to Q1 2011. This was partially offset by lower equity method losses in Q1 2012 compared to Q1 2011. Our share of equity method investee losses in Q1 2011 were primarily related to Clearwire Communications LLC (Clearwire LLC) ($49 million). Our share of equity method investee losses recognized in 2011 reduced our carrying value in Clearwire LLC to zero. We do not expect to recognize additional equity method losses for Clearwire LLC in the future.

Interest and other, net decreased in Q1 2012 compared to Q1 2011, primarily due to a $164 million gain recognized upon formation of the Intel-GE Care Innovations, LLC joint venture during Q1 2011.

30

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

Provision for Taxes

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

		0000000000			0000000000
(Dollars in Millions)	Q1 2012			Q1 2011
Income before taxes	$	3,814		$	4,371
Provision for taxes	$	1,076		$	1,211
Effective tax rate		28.2	%		27.7	%

The Q1 2012 effective tax rate does not include the U.S. research and development tax credit that has not been reinstated in 2012.

Liquidity and Capital Resources

		0000000000			0000000000
	March 31,			Dec. 31,
(Dollars in Millions)	2012			2011
Cash and cash equivalents, short-term investments, and marketable debt instruments included in trading assets	$	13,753		$	14,837
Loans receivable and other long-term investments	$	1,278		$	1,769
Short-term and long-term debt	$	7,450		$	7,331
Debt as % of stockholders’ equity		15.9	%		16.0	%

In summary, our cash flows were as follows:

		0000000000			0000000000
	Three Months Ended
	March 31,			April 2,
(In Millions)	2012			2011
Net cash provided by operating activities	$	2,972		$	4,013
Net cash used for investing activities		(2,111	)		(644	)
Net cash used for financing activities		(1,495	)		(4,688	)
Effect of exchange rate fluctuations on cash and cash equivalents		(2	)		9
Net increase (decrease) in cash and cash equivalents	$	(636	)	$	(1,310	)

Operating Activities

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

Cash from operations for the first quarter of 2012 was $3.0 billion, a decrease of $1.0 billion compared to the first quarter of 2011, primarily due to changes in our working capital and lower net income, partially offset by adjustments for non-cash items. The adjustments for non-cash items were higher primarily due to higher depreciation and amortization of intangibles in the first quarter of 2012 as compared to the first quarter of 2011, as well as the gain recognized upon the formation of the Intel-GE Innovations, LLC joint venture in the first quarter of 2011.

Changes in assets and liabilities as of March 31, 2012 compared to December 31, 2011 included the following:

• Accrued compensation and benefits decreased due to the payout of 2011 profit-dependent compensation.

• Accounts receivable increased due to a higher proportion of sales at the end of the first quarter of 2012 and lower cash receipts as a percentage of revenue in the first quarter of 2012.

• Inventories increased primarily due to the ramp of 3rd generation Intel^® Core^™ processor family products, partially offset by a significant reduction in older generation products.

• Income taxes payable increased as our U.S. federal estimated income tax payment for the first quarter of 2012 is paid in the second quarter.

For the first quarter of 2012, our two largest customers accounted for 32% of net revenue (34% for the first quarter of 2011) with one of those customers accounting for 18% of our net revenue, and another customer accounting for 14% of our net revenue. These two largest customers accounted for 35% of net accounts receivable at March 31, 2012 (32% at December 31, 2011).

31

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

Investing Activities

The increase in cash used for investing activities in the first quarter of 2012, compared to the first quarter of 2011, was primarily due to a decrease in net sales and maturities of available-for-sale investments and trading assets, mostly offset by a decrease in cash paid for acquisitions.

Financing Activities

The decrease in cash used for financing activities in the first quarter of 2012, compared to the first quarter of 2011, was primarily due to lower repurchases of common stock under our authorized common stock repurchase program and higher proceeds from the sale of shares through employee equity incentive plans.

Liquidity

Cash generated by operations is our primary source of liquidity. We maintain a diverse portfolio that we continuously analyze based on issuer, industry, and country. As of March 31, 2012, cash and cash equivalents, short-term investments, and marketable debt instruments included in trading assets totaled $13.8 billion ($14.8 billion as of December 31, 2011). In addition to the $13.8 billion, we have $1.3 billion in loans receivable and other long-term investments that we include when assessing our investment portfolio. Substantially all of our investments in debt instruments are with A/A2 or better rated issuers, and a majority of the issuers are rated AA-/Aa3 or better.

Our commercial paper program provides another potential source of liquidity. We have an ongoing authorization from our Board of Directors to borrow up to $3.0 billion, including through the issuance of commercial paper. Maximum borrowings under our commercial paper program during the first quarter of 2012 were $500 million, and $250 million of commercial paper remained outstanding as of March 31, 2012. Our commercial paper was rated A-1+ by Standard & Poor’s and P-1 by Moody’s as of March 31, 2012. We also have an automatic shelf registration statement on file with the SEC, pursuant to which we may offer an unspecified amount of debt, equity, and other securities.

We believe that we have the financial resources needed to meet business requirements for the next 12 months, including capital expenditures for worldwide manufacturing and assembly and test; working capital requirements; and potential dividends, common stock repurchases, and acquisitions or 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 that market participants would use when pricing the asset or liability. For further information, see “Note 3: Fair Value” in the Notes to Consolidated Condensed Financial Statements of this Form 10-Q.

Credit risk is factored into the valuation of financial instruments that we measure and record at fair value. When fair value is determined using pricing models, such as a discounted cash flow model, the obligor’s credit risk is factored into the calculation of the fair value, as appropriate.

32

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

Marketable Debt Instruments

As of March 31, 2012, our assets measured and recorded at fair value on a recurring basis included $13.5 billion of marketable debt instruments. Of these instruments, $5.4 billion was classified as Level 1, $7.9 billion as Level 2, and $181 million as Level 3.

Our balance of marketable debt instruments that are measured and recorded at fair value on a recurring basis and classified as Level 1 was classified as such due to the use of observable market prices for identical securities that are traded in active markets. Management judgment was required to determine the levels for the frequency of transactions that should be met for a market to be considered active. Our assessment of an active market for our marketable debt instruments generally takes into consideration the number of days each individual instrument trades over a specified period.

Of the $7.9 billion balance of marketable debt instruments measured and recorded at fair value on a recurring basis and classified as Level 2, approximately 60% of the balance was classified as Level 2 due to the use of a discounted cash flow model and approximately 40% 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 were classified as such due to the lack of observable market data to corroborate either the non-binding market consensus prices or the non-binding broker quotes. When observable market data is not available, we corroborate our fair value measurements using non-binding market consensus prices and non-binding broker quotes from a second source.

Loans Receivable

As of March 31, 2012, our assets measured and recorded at fair value on a recurring basis included $780 million of loans receivable. All of these loans 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 March 31, 2012, our assets measured and recorded at fair value on a recurring basis included $819 million of marketable equity securities. A substantial majority 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.

33

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

We are directly and indirectly affected by changes in equity prices, non-U.S. currency exchange rates, and interest rates. Our market risk profile has not changed materially during the first three months of 2012. Please refer to the discussion about market risk and sensitivity analysis 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 31, 2011.

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 U.S. Securities and Exchange Commission 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

During the quarter ended March 31, 2012, we implemented new cost and inventory software. This is part of our ongoing process to replace software to support our evolving needs. We believe this software strengthens our internal control environment through improved automation, integration with manufacturing flows, and scalability. There were no other 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 period covered by this report that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

Inherent Limitations on Effectiveness of Controls

Our management, including the CEO and CFO, does not expect that our disclosure controls or our internal control over financial reporting will prevent or detect all error 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.

34

PART II – OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

For a discussion of legal proceedings, see “Note 20: Contingencies” in the Notes to Consolidated Condensed Financial Statements of this Form 10-Q.

ITEM 1A. RISK FACTORS

The risks described in Item 1A. Risk Factors, in our Annual Report on Form 10-K for the year ended December 31, 2011, could materially and adversely affect our business, financial condition and results of operations. 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. The Risk Factors section of our 2011 Annual Report on Form10-K remains current with the exception of the revised risk factor below.

Changes in the mix of products sold may harm our financial results.

Because of the wide price differences of platform average selling prices among our data center, PC client, and other Intel architecture platforms, a change in the mix of platforms among these market segments may impact our revenue and gross margin. For example, our PC client platforms that are incorporated into notebook and desktop computers tend to have lower average selling prices and gross margin than our data center platforms that are incorporated into servers, workstations and storage products. Therefore, if there is less demand for our data center platforms, and a resulting mix shift to our PC client platforms, our gross margins and revenue would decrease. Also, more recently introduced products tend to have higher costs because of initial development costs and lower production volumes relative to the previous product generation which can impact gross margin.

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

Issuer Purchases of Equity Securities

We have an ongoing authorization, since October 2005, as amended, from our Board of Directors to repurchase up to $45 billion in shares of our common stock in open market or negotiated transactions. As of March 31, 2012, $8.6 billion remained available for repurchase under the existing repurchase authorization limit.

Common stock repurchase activity under our authorized, publicly announced plan during the first quarter of 2012 was as follows (in millions, except per share amounts):

Period	Total Number of Shares Purchased		Average Price Paid per  Share		Dollar Value of Shares  that May Yet Be Purchased Under the Plan
January 1, 2012-January 28, 2012		28.3	$	25.66	$	9,372
January 29, 2012-February 25, 2012		11.4	$	26.66	$	9,068
February 26, 2012-March 31, 2012		17.2	$	27.32	$	8,598
Total		56.9	$	26.36

For the majority of restricted stock units granted, the number of shares issued on the date the restricted stock units vest is net of the minimum statutory withholding requirements that we pay in cash to the appropriate taxing authorities on behalf of our employees. Although these withheld shares are not issued or considered common stock repurchases under our authorized plan and are not included in the common stock repurchase totals in the preceding table, they are treated as common stock repurchases in our financial statements, as they reduce the number of shares that would have been issued upon vesting.

35

ITEM 6. EXHIBITS

		Incorporated by Reference
Exhibit Number	Exhibit Description	Form		File Number		Exhibit		Filing Date		Filed or Furnished Herewith
3.1	Intel Corporation Third Restated Certificate of Incorporation of Intel Corporation dated May 17, 2006		8-K		000-06217		3.1		5/22/2006
3.2	Intel Corporation Bylaws, as amended and restated on July 26, 2011		8-K		000-06217		3.1		7/27/2011
10.1**	Terms and Conditions of Success Equity Award (CEO performance based RSUs)										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, Intel Core, Intel logo, Intel Xeon, and Ultrabook are trademarks of Intel Corporation in the U.S. and/or other countries.

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

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

36

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: May 4, 2012	By:	/s/ Stacy J. Smith
		Stacy J. Smith
		Senior Vice President, Chief Financial Officer, and
		Principal Accounting Officer

37

EX-10.1

Exhibit 10.1

Terms and Conditions of

Success Equity Award (CEO performance based RSUs)

1. Award Subject to Plan:

This Success Equity Award is granted to Paul S. Otellini (the “Executive”) under and subject to Section 8 of the Intel Corporation 2006 Equity Incentive Plan (the “Plan”). Capitalized terms not defined herein shall have the meaning set forth in the Plan.

2. Date of Vesting of Success Equity Award and Conversion into Common Stock:

The Success Equity Award shall vest and convert into shares of Intel stock upon certification by the Compensation Committee of the Board (the “Committee”) following the end of the Performance Period.

3. Conversion Rate:

The Success Equity Award is an award of 75,000 performance based RSUs, which vest and convert into a number of shares of Intel shall stock, pursuant to the following table, based upon the performance level certified by the Committee:

Performance Rating	Number of Shares from 75,000 RSUs
Outstanding	150,000
Exceeds Expectations	112,500
Successful	75,000
Below Expectations	0

4. Performance Period:

The Performance Period shall be the 2012 fiscal year.

5. Success Equity Performance Criteria:

The Compensation Committee shall determine the Performance Rating, pursuant to the Executive’s achievement of strategic, leadership, and organizational objectives established by the Committee and such other criteria as the Committee deems appropriate for the Performance Period.

6. Transferability of RSUs:

The RSUs are not transferable.

7. Transferability of Shares from Converted RSUs:

Upon vesting, the net number of shares earned and converted under the Success Equity Award, after withholding by the Corporation of a sufficient number of shares with a fair market value equal to the amount of any required withholding tax obligation related to the Success Equity Award, shall be delivered to the Executive provided however that one-half of the net shares delivered shall not be transferable (or otherwise subject to any hypothecation) until the first anniversary of the Executive’s retirement or other termination of employment and the other half of the shares delivered shall not be transferable (or otherwise subject to any hypothecation) until the second anniversary of the Executive’s retirement or other termination of employment.

8. Dividends and Dividend Equivalent Rights:

No dividends or dividend equivalent rights shall be earned or payable with respect to the RSUs or the shares subject thereto prior to the issuance of shares, if any, pursuant to this award.

EX-12.1

Exhibit 12.1

INTEL CORPORATION

STATEMENT SETTING FORTH THE COMPUTATION

OF RATIOS OF EARNINGS TO FIXED CHARGES

(In Millions, Except Ratios)

		March 31,			March 31,
	Three Months Ended
	March  31, 2012			April  2, 2011
Earnings1	$	3,856		$	4,453
Adjustments:
Add — Fixed charges		91			65
Subtract — Capitalized interest		(50	)		(44	)
Earnings and fixed charges (net of capitalized interest)	$	3,897		$	4,474
Fixed charges:
Interest2	$	31		$	6
Capitalized interest		50			44
Estimated interest component of rental expense		10			15
Total	$	91		$	65
Ratio of earnings before taxes and fixed charges, to fixed charges		43x			69x

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, Paul S. Otellini, 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: May 4, 2012	By:	/s/ Paul S. Otellini
		Paul S. Otellini President and Chief Executive Officer

EX-31.2

Exhibit 31.2

CERTIFICATION

I, Stacy J. Smith, certify that:

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

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

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

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

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

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

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

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

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

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

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

Date: May 4, 2012	By:	/s/ Stacy J. Smith
		Stacy J. Smith Senior 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 March 31, 2012, 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: May 4, 2012	By:	/s/ Paul S. Otellini
		Paul S. Otellini
		President and Chief Executive Officer

Date: May 4, 2012	By:	/s/ Stacy J. Smith
		Stacy J. Smith
		Senior Vice President, Chief Financial Officer, and Principal Accounting Officer

XML

Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2012

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 as follows:

	Three Months Ended
	March 31,		April 2,
(In Millions, Except Per Share Amounts)	2012		2011
Net income available to common stockholders	$	2,738	$	3,160
Weighted average common shares outstanding — basic		4,999		5,452
Dilutive effect of employee equity incentive plans		126		102
Dilutive effect of convertible debt		67		52
Weighted average common shares outstanding — diluted		5,192		5,606
Basic earnings per common share	$	0.55	$	0.58
Diluted earnings per common share	$	0.53	$	0.56

XML

Deferred Income (Detail) (USD $) In Millions, unless otherwise specified	Mar. 31, 2012	Dec. 31, 2011
Deferred Income Detail [Abstract]
Deferred income on shipments of components to distributors	$ 814	$ 751
Deferred income from software and services operating segments	1,187	1,178
Current deferred income	2,001	1,929
Non-current deferred income from software and services operating segments	436	460
Total deferred income	$ 2,437	$ 2,389

XML

Equity Method Investments (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended			3 Months Ended			3 Months Ended					3 Months Ended
	Mar. 31, 2012	Apr. 02, 2011	Dec. 31, 2011	Mar. 31, 2012 IM Flash Technologies, LLC and IM Flash Singapore, LLP [Member]	Apr. 02, 2011 IM Flash Technologies, LLC and IM Flash Singapore, LLP [Member]	Dec. 31, 2011 IM Flash Technologies, LLC and IM Flash Singapore, LLP [Member]	Jun. 30, 2012 Proceeds from sale of certain assets of IM Flash Technologies, LLC and IM Flash Singapore, LLP [Member]	Jun. 30, 2012 Amount provided to Micron [Member]	Jun. 30, 2012 IM Flash Technologies, LLC [Member]	Mar. 31, 2012 IM Flash Technologies, LLC [Member]	Mar. 31, 2012 IM Flash Singapore, LLP [Member]	Mar. 31, 2012 IM Flash Technologies, LLC and IM Flash Singapore, LLP [Member]	Apr. 02, 2011 IM Flash Technologies, LLC and IM Flash Singapore, LLP [Member]	Dec. 31, 2011 IM Flash Technologies, LLC and IM Flash Singapore, LLP [Member]
Equity Method Investments Textual Details [Abstract]
Ownership Percentage										49.00%	18.00%
Investments in non-marketable equity investments	$ 116	$ 147
Carrying Value	1,602		1,669									1,300		1,300
Return of equity method investments	67	24										67	24
Percentage of purchase commitment of production output and production-related services										49.00%
Income (Loss) from Equity Method Investments	(19)	(62)
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal	0	164
Subsequent Event, Amount							600	365
Variable Interest Entity, Reporting Entity Involvement, Known Maximum Loss Exposure, Amount									656
Related Party Transactions [Line Items]
Related Party Transaction, Amounts of Transaction				240	220
Due to Related Parties				95		125
Cost Method Investments Textual Details [Abstract]
Cost-method Investments, Aggregate Carrying Amount	$ 1,116		$ 1,129

XML

Employee Equity Incentive Plans (Detail) (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2012	Apr. 02, 2011	Dec. 31, 2011
Employee Equity Incentive Plans, (Textual) (Details) [Abstract]
Share-based Compensation	$ 274	$ 300
Stock Option Activity [Abstract]
Number of options outstanding, beginning balance	298.3
Number of options granted	3.8
Number of options exercised	(50.1)
Number of options cancelled and forfeited	(1.4)
Number of options expired	(0.9)
Number of options outstanding, ending balance	249.7
Weighted-average exercise price of stock options (in dollars per share)	$ 20.02		$ 20.12
Weighted-average exercise price for stock option grants during the year (in dollars per share)	$ 26.79
Weighted-average exercise price for stock option exercises during the year (in dollars per share)	$ 20.90
Weighted-average exercise price for stock option cancellations and forfeitures during the year (in dollars per share)	$ 21.34
Weighted-average exercise price for stock option expirations during the year (in dollars per share)	$ 30.01
Options exercisable	155.5		203.6
Weighted-average exercise price for options exercisable (in dollars per share)	$ 20.21		$ 20.44
Restricted Stock or Stock Units, 2006 Plan [Member]
Employee Equity Incentive Plans, (Textual) (Details) [Abstract]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	394
2006 Equity Incentive Plan [Member]
Employee Equity Incentive Plans, (Textual) (Details) [Abstract]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	596
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	300
Stock Purchase Plan [Member]
Employee Equity Incentive Plans, (Textual) (Details) [Abstract]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	373
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	244
Share-based Compensation Arrangement by Share-based Payment Award, Percent of Market Price	85.00%
Share-based Compensation Arrangement by Share-based Payment Award, Shares Issued in Period	10.3	10.3
Employee Purchases, Amount	$ 197	$ 181
Restricted Stock Units (RSUs) [Member]
Restricted Stock Unit Activity [Abstract]
Number of RSUs outstanding, beginning balance	107.0
Number of RSUs granted	4.6
Number of RSUs vested	(2.7)
Number of RSUs forfeited	(1.3)
Number of RSUs outstanding, ending balance	107.6
Weighted-average grant date fair value of RSU balance (in dollars per share)	$ 19.51		$ 19.18
Weighted-average grant date fair value of granted RSUs (in dollars per share)	$ 27.36
Weighted-average grant date fair value of vested RSUs (in dollars per share)	$ 19.96
Weighted-average grant date fair value of forfeited RSUs (in dollars per share)	$ 19.26
Market-based restricted stock units [Member]
Restricted Stock Unit Activity [Abstract]
Number of RSUs outstanding, ending balance	5.0

XML

Derivative Financial Instruments (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2012	Apr. 02, 2011	Dec. 31, 2011
Gross Notional Amounts [Abstract]
Derivative, Notional Amount	$ 19,189	$ 16,845	$ 19,233
Schedule of Derivative Instruments in Cash Flow Hedging Relationships [Abstract]
Gains (Losses) Recognized in OCI on Derivatives (Effective Portion)	(74)	204
Gains (Losses) Reclassified From Accumulated OCI Into Income by Derivative Instrument Type (Effective Portion)	(12)	48
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months	(55)
Not Designated as Hedging Instrument [Member]
Schedule of Derivative Instruments Not Designated as Hedging Instruments [Abstract]
Gains (Losses) Recognized in Income	46	(189)
Currency Forwards [Member]
Gross Notional Amounts [Abstract]
Derivative, Notional Amount	11,116	8,123	11,203
Schedule of Derivative Instruments in Cash Flow Hedging Relationships [Abstract]
Gains (Losses) Recognized in OCI on Derivatives (Effective Portion)	(74)	201
Embedded Debt Derivatives [Member]
Gross Notional Amounts [Abstract]
Derivative, Notional Amount	3,600	3,600	3,600
Interest Rate Swaps [Member]
Gross Notional Amounts [Abstract]
Derivative, Notional Amount	1,689	2,159	1,837
Currency Interest Rate Swaps [Member]
Gross Notional Amounts [Abstract]
Derivative, Notional Amount	1,812	1,690	1,650
Total Return Swaps [Member]
Gross Notional Amounts [Abstract]
Derivative, Notional Amount	821	649	761
Equity Options [Member]
Gross Notional Amounts [Abstract]
Derivative, Notional Amount	50	496	54
Other Derivative Instruments [Member]
Gross Notional Amounts [Abstract]
Derivative, Notional Amount	101	128	128
Schedule of Derivative Instruments in Cash Flow Hedging Relationships [Abstract]
Gains (Losses) Recognized in OCI on Derivatives (Effective Portion)		3
Other Currencies [Member]
Gross Notional Amounts [Abstract]
Derivative, Notional Amount	1,272	538	1,352
Euro [Member]
Gross Notional Amounts [Abstract]
Derivative, Notional Amount	3,553	4,035	3,904
Japanese Yen [Member]
Gross Notional Amounts [Abstract]
Derivative, Notional Amount	4,040	3,047	3,477
Israeli Shekel [Member]
Gross Notional Amounts [Abstract]
Derivative, Notional Amount	1,823	1,199	2,168
British Pound Sterling [Member]
Gross Notional Amounts [Abstract]
Derivative, Notional Amount	523	317	459
Chinese Yuan [Member]
Gross Notional Amounts [Abstract]
Derivative, Notional Amount	803	341	688
Malaysian Ringgit [Member]
Gross Notional Amounts [Abstract]
Derivative, Notional Amount	914	336	805
Currency Forwards and Currency Interest Rate Swaps [Member]
Gross Notional Amounts [Abstract]
Derivative, Notional Amount	12,928	9,813	12,853
Other Current Assets [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Asset, Fair Value, Gross Asset	113		166
Other Current Assets [Member] | Not Designated as Hedging Instrument [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Asset, Fair Value, Gross Asset	87		105
Other Current Assets [Member] | Designated as Hedging Instrument [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Asset, Fair Value, Gross Asset	26		61
Other Current Assets [Member] | Currency Forwards [Member] | Not Designated as Hedging Instrument [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Asset, Fair Value, Gross Asset	55		54
Other Current Assets [Member] | Currency Forwards [Member] | Designated as Hedging Instrument [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Asset, Fair Value, Gross Asset	26		61
Other Current Assets [Member] | Interest Rate Swaps [Member] | Not Designated as Hedging Instrument [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Asset, Fair Value, Gross Asset			3
Other Current Assets [Member] | Currency Interest Rate Swaps [Member] | Not Designated as Hedging Instrument [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Asset, Fair Value, Gross Asset	27		41
Other Current Assets [Member] | Total Return Swaps [Member] | Not Designated as Hedging Instrument [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Asset, Fair Value, Gross Asset	5		7
Other Long-Term Assets [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Asset, Fair Value, Gross Asset	52		63
Other Long-Term Assets [Member] | Not Designated as Hedging Instrument [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Asset, Fair Value, Gross Asset	51		63
Other Long-Term Assets [Member] | Designated as Hedging Instrument [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Asset, Fair Value, Gross Asset	1
Other Long-Term Assets [Member] | Currency Forwards [Member] | Designated as Hedging Instrument [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Asset, Fair Value, Gross Asset	1
Other Long-Term Assets [Member] | Currency Interest Rate Swaps [Member] | Not Designated as Hedging Instrument [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Asset, Fair Value, Gross Asset	23		33
Other Long-Term Assets [Member] | Equity Options [Member] | Not Designated as Hedging Instrument [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Asset, Fair Value, Gross Asset	6		6
Other Long-Term Assets [Member] | Other Derivative Instruments [Member] | Not Designated as Hedging Instrument [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Asset, Fair Value, Gross Asset	22		24
Other Accrued Liabilities [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Liability, Fair Value, Gross Liability	284		288
Other Accrued Liabilities [Member] | Not Designated as Hedging Instrument [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Liability, Fair Value, Gross Liability	100		117
Other Accrued Liabilities [Member] | Designated as Hedging Instrument [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Liability, Fair Value, Gross Liability	184		171
Other Accrued Liabilities [Member] | Currency Forwards [Member] | Not Designated as Hedging Instrument [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Liability, Fair Value, Gross Liability	29		34
Other Accrued Liabilities [Member] | Currency Forwards [Member] | Designated as Hedging Instrument [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Liability, Fair Value, Gross Liability	183		170
Other Accrued Liabilities [Member] | Interest Rate Swaps [Member] | Not Designated as Hedging Instrument [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Liability, Fair Value, Gross Liability	54		63
Other Accrued Liabilities [Member] | Currency Interest Rate Swaps [Member] | Not Designated as Hedging Instrument [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Liability, Fair Value, Gross Liability	8		11
Other Accrued Liabilities [Member] | Equity Options [Member] | Not Designated as Hedging Instrument [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Liability, Fair Value, Gross Liability	9		9
Other Accrued Liabilities [Member] | Other Derivative Instruments [Member] | Designated as Hedging Instrument [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Liability, Fair Value, Gross Liability	1		1
Other Long-Term Liabilities [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Liability, Fair Value, Gross Liability	40		27
Other Long-Term Liabilities [Member] | Not Designated as Hedging Instrument [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Liability, Fair Value, Gross Liability	23		20
Other Long-Term Liabilities [Member] | Designated as Hedging Instrument [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Liability, Fair Value, Gross Liability	17		7
Other Long-Term Liabilities [Member] | Currency Forwards [Member] | Designated as Hedging Instrument [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Liability, Fair Value, Gross Liability	17		7
Other Long-Term Liabilities [Member] | Embedded Debt Derivatives [Member] | Not Designated as Hedging Instrument [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Liability, Fair Value, Gross Liability	10		10
Other Long-Term Liabilities [Member] | Currency Interest Rate Swaps [Member] | Not Designated as Hedging Instrument [Member]
Derivative Instruments in Statements of Financial Position, Fair Value [Abstract]
Derivative Liability, Fair Value, Gross Liability	13		10
Cost of Sales [Member] | Currency Forwards [Member]
Schedule of Derivative Instruments in Cash Flow Hedging Relationships [Abstract]
Gains (Losses) Reclassified From Accumulated OCI Into Income by Derivative Instrument Type (Effective Portion)	15	34
Cost of Sales [Member] | Other Derivative Instruments [Member]
Schedule of Derivative Instruments in Cash Flow Hedging Relationships [Abstract]
Gains (Losses) Reclassified From Accumulated OCI Into Income by Derivative Instrument Type (Effective Portion)	(1)	1
Research and Development [Member] | Currency Forwards [Member]
Schedule of Derivative Instruments in Cash Flow Hedging Relationships [Abstract]
Gains (Losses) Reclassified From Accumulated OCI Into Income by Derivative Instrument Type (Effective Portion)	(21)	8
Marketing, General and Administrative [Member] | Currency Forwards [Member]
Schedule of Derivative Instruments in Cash Flow Hedging Relationships [Abstract]
Gains (Losses) Reclassified From Accumulated OCI Into Income by Derivative Instrument Type (Effective Portion)	(5)	5
Interest and other, net [Member] | Currency Forwards [Member] | Not Designated as Hedging Instrument [Member]
Schedule of Derivative Instruments Not Designated as Hedging Instruments [Abstract]
Gains (Losses) Recognized in Income	15	14
Interest and other, net [Member] | Interest Rate Swaps [Member] | Not Designated as Hedging Instrument [Member]
Schedule of Derivative Instruments Not Designated as Hedging Instruments [Abstract]
Gains (Losses) Recognized in Income	30	(1)
Interest and other, net [Member] | Currency Interest Rate Swaps [Member] | Not Designated as Hedging Instrument [Member]
Schedule of Derivative Instruments Not Designated as Hedging Instruments [Abstract]
Gains (Losses) Recognized in Income	(56)	(110)
Gains (Losses) On Other Equity Investments, Net [Member] | Equity Options [Member] | Not Designated as Hedging Instrument [Member]
Schedule of Derivative Instruments Not Designated as Hedging Instruments [Abstract]
Gains (Losses) Recognized in Income		(117)
Gains (Losses) On Other Equity Investments, Net [Member] | Other Derivative Instruments [Member] | Not Designated as Hedging Instrument [Member]
Schedule of Derivative Instruments Not Designated as Hedging Instruments [Abstract]
Gains (Losses) Recognized in Income	(2)	2
Various [Member] | Total Return Swaps [Member] | Not Designated as Hedging Instrument [Member]
Schedule of Derivative Instruments Not Designated as Hedging Instruments [Abstract]
Gains (Losses) Recognized in Income	$ 59	$ 23

XML

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

3 Months Ended

Mar. 31, 2012

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

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

Gains (losses) on equity investments, net included:

	Three Months Ended
	March 31,		April 2,
(In Millions)	2012		2011
Share of equity method investee losses, net	$	(19)	$	(62)
Impairment charges		(59)		(14)
Gains on sales, net		30		45
Other, net		29		59
Total gains (losses) on equity investments, net	$	(19)	$	28

XML

Earnings Per Share (Detail) (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2012	Apr. 02, 2011
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Net income available to common stockholders	$ 2,738	$ 3,160
Weighted average common shares outstanding-basic	4,999	5,452
Dilutive effect of employee equity incentive plans (shares)	126	102
Dilutive effect of convertible debt (shares)	67	52
Weighted average common shares outstanding-diluted	5,192	5,606
Basic earnings per common share (in dollars per share)	$ 0.55	$ 0.58
Diluted earnings per common share (in dollars per share)	$ 0.53	$ 0.56
Stock Options [Member]
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (shares)	19	125

XML

Comprehensive Income

3 Months Ended

Mar. 31, 2012

Comprehensive Income (Loss) [Abstract]

Comprehensive Income [Text Block]

Note 19: Comprehensive Income

The components of accumulated other comprehensive income, net of tax, at the end of each period, as well as the activity, were as follows:

			Other
	Dec. 31,		Comprehensive		March 31,
(In Millions)	2011		Income		2012
Accumulated net unrealized holding gain (loss) on available-for-sale investments	$	231	$	166	$	397
Accumulated net deferred tax asset valuation allowance		104		—		104
Accumulated net unrealized holding gain (loss) on derivatives		8		(34)		(26)
Accumulated net prior service costs		(32)		1		(31)
Accumulated net actuarial losses		(950)		16		(934)
Accumulated net foreign currency translation adjustment		(142)		28		(114)
Total accumulated other comprehensive income (loss)	$	(781)	$	177	$	(604)

XML

Interest and Other, Net (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2012	Apr. 02, 2011
Interest and Other, Net Detail [Abstract]
Interest income	$ 28	$ 28
Interest expense	(31)	(6)
Other, net	26	163
Total interest and other, net	23	185
Interest Costs, Capitalized During Period	$ 50	$ 44

XML

Fair Value (Detail) (USD $) In Millions, unless otherwise specified					3 Months Ended
	Mar. 31, 2012	Dec. 31, 2011	Mar. 31, 2012 NVIDIA cross-license agreement [Member]	Dec. 31, 2011 NVIDIA cross-license agreement [Member]	Mar. 31, 2012 Fair Value, Measurements, Nonrecurring [Member]	Apr. 02, 2011 Fair Value, Measurements, Nonrecurring [Member]	Mar. 31, 2012 Fair Value, Measurements, Recurring [Member]	Dec. 31, 2011 Fair Value, Measurements, Recurring [Member]	Mar. 31, 2012 Other Long-Term Liabilities [Member] Fair Value, Measurements, Recurring [Member]	Dec. 31, 2011 Other Long-Term Liabilities [Member] Fair Value, Measurements, Recurring [Member]	Mar. 31, 2012 Other Accrued Liabilities [Member] Fair Value, Measurements, Recurring [Member]	Dec. 31, 2011 Other Accrued Liabilities [Member] Fair Value, Measurements, Recurring [Member]	Mar. 31, 2012 Other Long-Term Assets [Member] Fair Value, Measurements, Recurring [Member]	Dec. 31, 2011 Other Long-Term Assets [Member] Fair Value, Measurements, Recurring [Member]	Mar. 31, 2012 Other Current Assets [Member] Fair Value, Measurements, Recurring [Member]	Dec. 31, 2011 Other Current Assets [Member] Fair Value, Measurements, Recurring [Member]	Mar. 31, 2012 Government Bonds [Member] Fair Value, Measurements, Recurring [Member]	Dec. 31, 2011 Government Bonds [Member] Fair Value, Measurements, Recurring [Member]	Mar. 31, 2012 Government Bonds [Member] Cash Equivalents [Member] Fair Value, Measurements, Recurring [Member]	Dec. 31, 2011 Government Bonds [Member] Cash Equivalents [Member] Fair Value, Measurements, Recurring [Member]	Mar. 31, 2012 Government Bonds [Member] Other Long-term Investments [Member] Fair Value, Measurements, Recurring [Member]	Dec. 31, 2011 Government Bonds [Member] Other Long-term Investments [Member] Fair Value, Measurements, Recurring [Member]	Mar. 31, 2012 Government Bonds [Member] Short-term Investments [Member] Fair Value, Measurements, Recurring [Member]	Dec. 31, 2011 Government Bonds [Member] Short-term Investments [Member] Fair Value, Measurements, Recurring [Member]	Mar. 31, 2012 Corporate Bonds [Member] Fair Value, Measurements, Recurring [Member]	Dec. 31, 2011 Corporate Bonds [Member] Fair Value, Measurements, Recurring [Member]	Mar. 31, 2012 Corporate Bonds [Member] Other Long-term Investments [Member] Fair Value, Measurements, Recurring [Member]	Dec. 31, 2011 Corporate Bonds [Member] Other Long-term Investments [Member] Fair Value, Measurements, Recurring [Member]	Mar. 31, 2012 Corporate Bonds [Member] Short-term Investments [Member] Fair Value, Measurements, Recurring [Member]	Dec. 31, 2011 Corporate Bonds [Member] Short-term Investments [Member] Fair Value, Measurements, Recurring [Member]	Mar. 31, 2012 Municipal Bonds [Member] Fair Value, Measurements, Recurring [Member]	Dec. 31, 2011 Municipal Bonds [Member] Fair Value, Measurements, Recurring [Member]	Mar. 31, 2012 Commercial Paper [Member] Fair Value, Measurements, Recurring [Member]	Dec. 31, 2011 Commercial Paper [Member] Fair Value, Measurements, Recurring [Member]	Mar. 31, 2012 Commercial Paper [Member] Cash Equivalents [Member] Fair Value, Measurements, Recurring [Member]	Dec. 31, 2011 Commercial Paper [Member] Cash Equivalents [Member] Fair Value, Measurements, Recurring [Member]	Mar. 31, 2012 Commercial Paper [Member] Short-term Investments [Member] Fair Value, Measurements, Recurring [Member]	Dec. 31, 2011 Commercial Paper [Member] Short-term Investments [Member] Fair Value, Measurements, Recurring [Member]	Mar. 31, 2012 Bank Deposits [Member] Fair Value, Measurements, Recurring [Member]	Dec. 31, 2011 Bank Deposits [Member] Fair Value, Measurements, Recurring [Member]	Mar. 31, 2012 Bank Deposits [Member] Cash Equivalents [Member] Fair Value, Measurements, Recurring [Member]	Dec. 31, 2011 Bank Deposits [Member] Cash Equivalents [Member] Fair Value, Measurements, Recurring [Member]	Mar. 31, 2012 Bank Deposits [Member] Other Long-term Investments [Member] Fair Value, Measurements, Recurring [Member]	Dec. 31, 2011 Bank Deposits [Member] Other Long-term Investments [Member] Fair Value, Measurements, Recurring [Member]	Mar. 31, 2012 Bank Deposits [Member] Short-term Investments [Member] Fair Value, Measurements, Recurring [Member]	Dec. 31, 2011 Bank Deposits [Member] Short-term Investments [Member] Fair Value, Measurements, Recurring [Member]	Mar. 31, 2012 Asset-Backed Securities [Member] Fair Value, Measurements, Recurring [Member]	Dec. 31, 2011 Asset-Backed Securities [Member] Fair Value, Measurements, Recurring [Member]	Mar. 31, 2012 Asset-Backed Securities [Member] Other Long-term Investments [Member] Fair Value, Measurements, Recurring [Member]	Dec. 31, 2011 Asset-Backed Securities [Member] Other Long-term Investments [Member] Fair Value, Measurements, Recurring [Member]	Mar. 31, 2012 Money Market Fund Deposits [Member] Fair Value, Measurements, Recurring [Member]	Dec. 31, 2011 Money Market Fund Deposits [Member] Fair Value, Measurements, Recurring [Member]	Mar. 31, 2012 Money Market Fund Deposits [Member] Cash Equivalents [Member] Fair Value, Measurements, Recurring [Member]	Dec. 31, 2011 Money Market Fund Deposits [Member] Cash Equivalents [Member] Fair Value, Measurements, Recurring [Member]	Mar. 31, 2012 Marketable Equity Securities [Member] Fair Value, Measurements, Recurring [Member]	Dec. 31, 2011 Marketable Equity Securities [Member] Fair Value, Measurements, Recurring [Member]	Mar. 31, 2012 Level 1 [Member]	Dec. 31, 2011 Level 1 [Member]	Mar. 31, 2012 Level 1 [Member] Government Bonds [Member] Fair Value, Measurements, Recurring [Member]	Dec. 31, 2011 Level 1 [Member] Government Bonds [Member] Fair Value, Measurements, Recurring [Member]	Dec. 31, 2011 Level 1 [Member] Government Bonds [Member] Cash Equivalents [Member] Fair Value, Measurements, Recurring [Member]	Dec. 31, 2011 Level 1 [Member] Government Bonds [Member] Other Long-term Investments [Member] Fair Value, Measurements, Recurring [Member]	Mar. 31, 2012 Level 1 [Member] Government Bonds [Member] Short-term Investments [Member] Fair Value, Measurements, Recurring [Member]	Dec. 31, 2011 Level 1 [Member] Government Bonds [Member] Short-term Investments [Member] Fair Value, Measurements, Recurring [Member]	Mar. 31, 2012 Level 1 [Member] Corporate Bonds [Member] Fair Value, Measurements, Recurring [Member]	Dec. 31, 2011 Level 1 [Member] Corporate Bonds [Member] Fair Value, Measurements, Recurring [Member]	Mar. 31, 2012 Level 1 [Member] Corporate Bonds [Member] Short-term Investments [Member] Fair Value, Measurements, Recurring [Member]	Dec. 31, 2011 Level 1 [Member] Corporate Bonds [Member] Short-term Investments [Member] Fair Value, Measurements, Recurring [Member]	Mar. 31, 2012 Level 1 [Member] Money Market Fund Deposits [Member] Fair Value, Measurements, Recurring [Member]	Dec. 31, 2011 Level 1 [Member] Money Market Fund Deposits [Member] Fair Value, Measurements, Recurring [Member]	Mar. 31, 2012 Level 1 [Member] Money Market Fund Deposits [Member] Cash Equivalents [Member] Fair Value, Measurements, Recurring [Member]	Dec. 31, 2011 Level 1 [Member] Money Market Fund Deposits [Member] Cash Equivalents [Member] Fair Value, Measurements, Recurring [Member]	Mar. 31, 2012 Level 1 [Member] Marketable Equity Securities [Member] Fair Value, Measurements, Recurring [Member]	Dec. 31, 2011 Level 1 [Member] Marketable Equity Securities [Member] Fair Value, Measurements, Recurring [Member]	Mar. 31, 2012 Level 2 [Member]	Dec. 31, 2011 Level 2 [Member]	Mar. 31, 2012 Level 2 [Member] NVIDIA cross-license agreement [Member]	Dec. 31, 2011 Level 2 [Member] NVIDIA cross-license agreement [Member]	Mar. 31, 2012 Level 2 [Member] Fair Value, Measurements, Recurring [Member]	Dec. 31, 2011 Level 2 [Member] Fair Value, Measurements, Recurring [Member]	Mar. 31, 2012 Level 2 [Member] Other Long-Term Liabilities [Member] Fair Value, Measurements, Recurring [Member]	Dec. 31, 2011 Level 2 [Member] Other Long-Term Liabilities [Member] Fair Value, Measurements, Recurring [Member]	Mar. 31, 2012 Level 2 [Member] Other Accrued Liabilities [Member] Fair Value, Measurements, Recurring [Member]	Dec. 31, 2011 Level 2 [Member] Other Accrued Liabilities [Member] Fair Value, Measurements, Recurring [Member]	Mar. 31, 2012 Level 2 [Member] Other Long-Term Assets [Member] Fair Value, Measurements, Recurring [Member]	Dec. 31, 2011 Level 2 [Member] Other Long-Term Assets [Member] Fair Value, Measurements, Recurring [Member]	Mar. 31, 2012 Level 2 [Member] Other Current Assets [Member] Fair Value, Measurements, Recurring [Member]	Dec. 31, 2011 Level 2 [Member] Other Current Assets [Member] Fair Value, Measurements, Recurring [Member]	Mar. 31, 2012 Level 2 [Member] Government Bonds [Member] Fair Value, Measurements, Recurring [Member]	Dec. 31, 2011 Level 2 [Member] Government Bonds [Member] Fair Value, Measurements, Recurring [Member]	Mar. 31, 2012 Level 2 [Member] Government Bonds [Member] Cash Equivalents [Member] Fair Value, Measurements, Recurring [Member]	Mar. 31, 2012 Level 2 [Member] Government Bonds [Member] Other Long-term Investments [Member] Fair Value, Measurements, Recurring [Member]	Dec. 31, 2011 Level 2 [Member] Government Bonds [Member] Other Long-term Investments [Member] Fair Value, Measurements, Recurring [Member]	Mar. 31, 2012 Level 2 [Member] Government Bonds [Member] Short-term Investments [Member] Fair Value, Measurements, Recurring [Member]	Dec. 31, 2011 Level 2 [Member] Government Bonds [Member] Short-term Investments [Member] Fair Value, Measurements, Recurring [Member]	Mar. 31, 2012 Level 2 [Member] Corporate Bonds [Member] Fair Value, Measurements, Recurring [Member]	Dec. 31, 2011 Level 2 [Member] Corporate Bonds [Member] Fair Value, Measurements, Recurring [Member]	Mar. 31, 2012 Level 2 [Member] Corporate Bonds [Member] Other Long-term Investments [Member] Fair Value, Measurements, Recurring [Member]	Dec. 31, 2011 Level 2 [Member] Corporate Bonds [Member] Other Long-term Investments [Member] Fair Value, Measurements, Recurring [Member]	Mar. 31, 2012 Level 2 [Member] Corporate Bonds [Member] Short-term Investments [Member] Fair Value, Measurements, Recurring [Member]	Dec. 31, 2011 Level 2 [Member] Corporate Bonds [Member] Short-term Investments [Member] Fair Value, Measurements, Recurring [Member]	Mar. 31, 2012 Level 2 [Member] Municipal Bonds [Member] Fair Value, Measurements, Recurring [Member]	Dec. 31, 2011 Level 2 [Member] Municipal Bonds [Member] Fair Value, Measurements, Recurring [Member]	Mar. 31, 2012 Level 2 [Member] Commercial Paper [Member] Fair Value, Measurements, Recurring [Member]	Dec. 31, 2011 Level 2 [Member] Commercial Paper [Member] Fair Value, Measurements, Recurring [Member]	Mar. 31, 2012 Level 2 [Member] Commercial Paper [Member] Cash Equivalents [Member] Fair Value, Measurements, Recurring [Member]	Dec. 31, 2011 Level 2 [Member] Commercial Paper [Member] Cash Equivalents [Member] Fair Value, Measurements, Recurring [Member]	Mar. 31, 2012 Level 2 [Member] Commercial Paper [Member] Short-term Investments [Member] Fair Value, Measurements, Recurring [Member]	Dec. 31, 2011 Level 2 [Member] Commercial Paper [Member] Short-term Investments [Member] Fair Value, Measurements, Recurring [Member]	Mar. 31, 2012 Level 2 [Member] Bank Deposits [Member] Fair Value, Measurements, Recurring [Member]	Dec. 31, 2011 Level 2 [Member] Bank Deposits [Member] Fair Value, Measurements, Recurring [Member]	Mar. 31, 2012 Level 2 [Member] Bank Deposits [Member] Cash Equivalents [Member] Fair Value, Measurements, Recurring [Member]	Dec. 31, 2011 Level 2 [Member] Bank Deposits [Member] Cash Equivalents [Member] Fair Value, Measurements, Recurring [Member]	Mar. 31, 2012 Level 2 [Member] Bank Deposits [Member] Other Long-term Investments [Member] Fair Value, Measurements, Recurring [Member]	Dec. 31, 2011 Level 2 [Member] Bank Deposits [Member] Other Long-term Investments [Member] Fair Value, Measurements, Recurring [Member]	Mar. 31, 2012 Level 2 [Member] Bank Deposits [Member] Short-term Investments [Member] Fair Value, Measurements, Recurring [Member]	Dec. 31, 2011 Level 2 [Member] Bank Deposits [Member] Short-term Investments [Member] Fair Value, Measurements, Recurring [Member]	Mar. 31, 2012 Level 2 [Member] Marketable Equity Securities [Member] Fair Value, Measurements, Recurring [Member]	Dec. 31, 2011 Level 2 [Member] Marketable Equity Securities [Member] Fair Value, Measurements, Recurring [Member]	Mar. 31, 2012 Level 3 [Member]	Dec. 31, 2011 Level 3 [Member]	Mar. 31, 2012 Level 3 [Member] Fair Value, Measurements, Nonrecurring [Member]	Apr. 02, 2011 Level 3 [Member] Fair Value, Measurements, Nonrecurring [Member]	Mar. 31, 2012 Level 3 [Member] Fair Value, Measurements, Recurring [Member]	Dec. 31, 2011 Level 3 [Member] Fair Value, Measurements, Recurring [Member]	Mar. 31, 2012 Level 3 [Member] Other Accrued Liabilities [Member] Fair Value, Measurements, Recurring [Member]	Dec. 31, 2011 Level 3 [Member] Other Accrued Liabilities [Member] Fair Value, Measurements, Recurring [Member]	Mar. 31, 2012 Level 3 [Member] Other Long-Term Assets [Member] Fair Value, Measurements, Recurring [Member]	Dec. 31, 2011 Level 3 [Member] Other Long-Term Assets [Member] Fair Value, Measurements, Recurring [Member]	Mar. 31, 2012 Level 3 [Member] Other Current Assets [Member] Fair Value, Measurements, Recurring [Member]	Dec. 31, 2011 Level 3 [Member] Other Current Assets [Member] Fair Value, Measurements, Recurring [Member]	Mar. 31, 2012 Level 3 [Member] Corporate Bonds [Member] Other Long-term Investments [Member] Fair Value, Measurements, Recurring [Member]	Dec. 31, 2011 Level 3 [Member] Corporate Bonds [Member] Other Long-term Investments [Member] Fair Value, Measurements, Recurring [Member]	Mar. 31, 2012 Level 3 [Member] Corporate Bonds [Member] Short-term Investments [Member] Fair Value, Measurements, Recurring [Member]	Dec. 31, 2011 Level 3 [Member] Corporate Bonds [Member] Short-term Investments [Member] Fair Value, Measurements, Recurring [Member]	Mar. 31, 2012 Level 3 [Member] Asset-Backed Securities [Member] Fair Value, Measurements, Recurring [Member]	Dec. 31, 2011 Level 3 [Member] Asset-Backed Securities [Member] Fair Value, Measurements, Recurring [Member]	Mar. 31, 2012 Level 3 [Member] Asset-Backed Securities [Member] Other Long-term Investments [Member] Fair Value, Measurements, Recurring [Member]	Dec. 31, 2011 Level 3 [Member] Asset-Backed Securities [Member] Other Long-term Investments [Member] Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure																			$ 100	$ 650	$ 161	$ 477	$ 3,248	$ 3,000			$ 267	$ 321	$ 488	$ 576					$ 2,203	$ 2,408	$ 958	$ 1,409			$ 880	$ 795	$ 55	$ 55	$ 318	$ 196			$ 15	$ 36			$ 471	$ 546	$ 819	$ 562					$ 650	$ 177	$ 2,850	$ 2,690			$ 78	$ 120			$ 471	$ 546	$ 694	$ 522																	$ 100	$ 161	$ 300	$ 398	$ 310			$ 237	$ 282	$ 375	$ 428					$ 2,203	$ 2,408	$ 958	$ 1,409			$ 880	$ 795	$ 55	$ 55	$ 318	$ 196	$ 125	$ 40													$ 30	$ 39	$ 35	$ 28			$ 15	$ 36
Trading Securities, Fair Value Disclosure																	3,067	3,015							599	688					260	284	124	305					140	135							101	115			21	49							1,729	1,698					216	202			21	49																			1,338	1,317						383	486					260	284	124	305					140	135																									101	115
Derivative Assets													52	63	113	166																																																																					24	34	108	159																																								28	29	5	7
Loans Receivable, Fair Value Disclosure	780	748											747	715	33	33																																																																					747	715	33	33
Assets, Fair Value Disclosure, Recurring	15,240	16,599																																																							6,059	6,654																	8,967	9,691																																												214	254
Derivative Financial Instruments, Liabilities, Fair Value Disclosure									40	27	284	288																																																																					40	27	275	280																																										9	8
Loans Payable, Fair Value Disclosure							128	131																																																																																																																				128	131
Liabilities, Fair Value Disclosure							452	446																																																																							315	307																																												137	139
Non-Marketable Equity Investments																																																																																																																										11	19
Fair Value, Non-Marketable Equity Investments, Gains (Losses)					(59)	(14)
Loss Contingencies [Line Items]
Loss Contingency, Cross License Liability			861	1,156
Notes Payable, Fair Value Disclosure			881	1,174																																																																									881	1,174
Financial Instruments Not Recorded at Fair Value On a Recurring Basis [Line Items]
Non-Marketable Cost Method Investments	1,116	1,129
Non-Marketable Cost Method Investments, Fair Value Disclosure	1,697	1,861																																																																																																																						1,697	1,861
Loans receivable, Carrying Amount		132
Loans receivable, Fair Value		132																																																																										132
Long-term debt, Carrying Amount	6,960	6,953
Long-term debt, Fair Value	7,843	7,735																																																							5,190	5,287																	2,653	2,448
Short-term debt, Carrying Amount	273	200
Short-term debt, Fair Value	$ 273	$ 200																																																																									$ 273	$ 200

XML

Deferred Income (Tables)

3 Months Ended

Mar. 31, 2012

Deferred Income (Tables) [Abstract]

Deferred Income By Arrangement Disclosure [Table Text Block]

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

	March 31,		Dec. 31,
(In Millions)	2012		2011
Deferred income on shipments of components to distributors	$	814	$	751
Deferred income from software and services operating segments		1,187		1,178
Current deferred income	$	2,001	$	1,929
Non-current deferred income from software and services operating segments		436		460
Total deferred income	$	2,437	$	2,389

XML

Goodwill (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2012	Dec. 31, 2011
Goodwill [Line Items]
Goodwill, Beginning Balance	$ 9,254
Goodwill - Additions due to acquisitions	114
Goodwill - Effect of exchange rate fluctuations	20
Goodwill, Ending Balance	9,388
Goodwill, Impaired, Accumulated Impairment Loss	713	713
PC Client Group [Member]
Goodwill [Line Items]
Goodwill, Beginning Balance	2,918
Goodwill - Additions due to acquisitions	12
Goodwill, Ending Balance	2,930
Goodwill, Impaired, Accumulated Impairment Loss	341	341
Data Center Group [Member]
Goodwill [Line Items]
Goodwill, Beginning Balance	1,553
Goodwill - Additions due to acquisitions	90
Goodwill, Ending Balance	1,643
Goodwill, Impaired, Accumulated Impairment Loss	279	279
Other Intel Architecture Operating Segments [Member]
Goodwill [Line Items]
Goodwill, Beginning Balance		844
Goodwill, Ending Balance	844	844
Goodwill, Impaired, Accumulated Impairment Loss	93	93
Software and Services Operating Segments [Member]
Goodwill [Line Items]
Goodwill, Beginning Balance	3,939
Goodwill - Additions due to acquisitions	5
Goodwill - Effect of exchange rate fluctuations	20
Goodwill, Ending Balance	3,964
Unallocated [Member]
Goodwill [Line Items]
Goodwill - Additions due to acquisitions	7
Goodwill, Ending Balance	$ 7

XML

Other Long-Term Assets (Detail) (USD $) In Millions, unless otherwise specified	Mar. 31, 2012	Dec. 31, 2011
Other Long-Term Assets Detail [Abstract]
Equity Method Investments	$ 1,602	$ 1,669
Non-marketable cost method investments	1,116	1,129
Non-current deferred tax assets	314	335
Loans Receivable	747	715
Other	821	800
Total other long-term assets	$ 4,600	$ 4,648

XML

Fair Value

3 Months Ended

Mar. 31, 2012

Fair Value [Abstract]

Fair Value [Text Block]

Note 3: Fair Value

Fair value is the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining fair value, we consider the principal or most advantageous market in which we would transact, and we consider assumptions that market participants would use when pricing the asset or liability. Our financial assets and liabilities are measured and recorded at fair value, except for equity method investments, cost method investments, cost method loans receivable, and most of our liabilities.

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 markets with insufficient volume or infrequent transactions (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.

Our policy is to reflect transfers between levels at the beginning of the quarter in which a change in circumstances resulted in the transfer.

Marketable Debt Instruments

Marketable debt instruments include instruments such as commercial paper, corporate bonds, government bonds, bank deposits, asset-backed securities, municipal bonds, and money market fund deposits. When we use observable market prices for identical securities that are traded in less active markets, we classify our marketable debt instruments as Level 2. When observable market prices for identical securities are not available, we price our marketable debt instruments using non-binding market consensus prices that are corroborated with observable market data; quoted market prices for similar instruments; or pricing models, such as a discounted cash flow model, with all significant inputs derived from or corroborated with observable market data. Non-binding market consensus prices are 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 securities; and the internal assumptions of pricing providers or brokers that use observable market inputs and, to a lesser degree, unobservable market inputs. We corroborate non-binding market consensus prices with observable market data using statistical models when observable market data exists. The discounted cash flow model uses observable market inputs, such as LIBOR-based yield curves, currency spot and forward rates, and credit ratings.

Our marketable debt instruments that are classified as Level 3 are classified as such due to the lack of observable market data to corroborate either the non-binding market consensus prices or the non-binding broker quotes. When observable market data is not available, we corroborate our fair value measurements using non-binding market consensus prices and non-binding broker quotes from a second source. Assets/Liabilities Measured and Recorded at Fair Value on a Recurring Basis

Assets and liabilities measured and recorded at fair value on a recurring basis consisted of the following types of instruments as of March 31, 2012 and December 31, 2011:

		March 31, 2012								December 31, 2011
		Fair Value Measured and								Fair Value Measured and
		Recorded at Reporting Date Using								Recorded at Reporting Date Using
(In Millions)		Level 1		Level 2		Level 3			Total	Level 1		Level 2		Level 3		Total
Assets
Cash equivalents:
	Commercial paper	$	—	$	2,203	$	—	$	2,203	$	—	$	2,408	$	—	$	2,408
	Bank deposits		—		880		—		880		—		795		—		795
	Money market fund deposits		471		—		—		471		546		—		—		546
	Government bonds		—		100		—		100		650		—		—		650
Short-term investments:
	Government bonds		2,850		398		—		3,248		2,690		310		—		3,000
	Commercial paper		—		958		—		958		—		1,409		—		1,409
	Corporate bonds		78		375		35		488		120		428		28		576
	Bank deposits		—		318		—		318		—		196		—		196
Trading assets:
	Government bonds		1,729		1,338		—		3,067		1,698		1,317		—		3,015
	Corporate bonds		216		383		—		599		202		486		—		688
	Municipal bonds		—		260		—		260		—		284		—		284
	Bank deposits		—		140		—		140		—		135		—		135
	Commercial paper		—		124		—		124		—		305		—		305
	Asset-backed securities		—		—		101		101		—		—		115		115
	Money market fund deposits		21		—		—		21		49		—		—		49
Other current assets:
	Derivative assets		—		108		5		113		—		159		7		166
	Loans receivable		—		33		—		33		—		33		—		33
Marketable equity securities			694		125		—		819		522		40		—		562
Other long-term investments:
	Corporate bonds		—		237		30		267		—		282		39		321
	Government bonds		—		161		—		161		177		300		—		477
	Bank deposits		—		55		—		55		—		55		—		55
	Asset-backed securities		—		—		15		15		—		—		36		36
Other long-term assets:
	Loans receivable		—		747		—		747		—		715		—		715
	Derivative assets		—		24		28		52		—		34		29		63
Total assets measured and
	recorded at fair value	$	6,059	$	8,967	$	214	$	15,240	$	6,654	$	9,691	$	254	$	16,599
Liabilities
Other accrued liabilities:
	Derivative liabilities	$	—	$	275	$	9	$	284	$	—	$	280	$	8	$	288
Long-term debt			—		—		128		128		—		—		131		131
Other long-term liabilities:
	Derivative liabilities		—		40		—		40		—		27		—		27
Total liabilities measured and
	recorded at fair value	$	—	$	315	$	137	$	452	$	—	$	307	$	139	$	446

Government bonds include bonds issued or deemed to be guaranteed by government entities. Government bonds include instruments such as non-U.S. government bonds, U.S. Treasury securities, and U.S. agency securities.

Fair Value Option for Financial Assets/Liabilities

We elected the fair value option for loans made to third parties when the interest rate or foreign exchange rate risk was hedged at inception with a related derivative instrument.As of March 31, 2012, 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. These 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 changes in 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 and were insignificant duringall periods presented. We did not elect the fair value option for loans when the interest rate or foreign exchange rate risk was not hedged at inception with a related derivative instrument.

We elected the fair value option for the bonds issued in 2007 by the Industrial Development Authority of the City of Chandler, Arizona (2007 Arizona bonds). In connection with the 2007 Arizona bonds, we entered into a total return swap agreement that effectively converts the fixed-rate obligation on the bonds to a floating U.S.-dollar LIBOR-based rate. As a result, changes in the fair value of this debt are largely offset by changes in the fair value of the total return swap agreement, without the need to apply hedge accounting provisions. The 2007 Arizona bonds are included in long-term debt. As of March 31, 2012 and December 31, 2011, no other instruments were similar to the 2007 Arizona bonds for which we elected fair value treatment.

As of March 31, 2012, the fair value of the 2007 Arizona bonds did not significantly differ from the contractual principal balance. The fair value of the 2007 Arizona bonds was determined using inputs that are observable in the market or that can be derived from or corroborated with observable market data, as well as unobservable inputs that were significant to the fair value. Gains and losses on the 2007 Arizona bonds and the related total return swap are recorded in interest and other, net. We capitalize a portion of the interest associated with the 2007 Arizona bonds. We add capitalized interest to the cost of qualified assets and amortize it over the estimated useful lives of the assets. The remaining interest associated with the 2007 Arizona bonds is recorded as interest expense in interest and other, net.

Assets Measured and Recorded at Fair Value on a Non-Recurring Basis

Our non-marketable equity investments (non-marketable equity method and cost method investments) and non-financial assets, such as intangible assets and property, plant and equipment, are recorded at fair value only if an impairment charge is recognized.During the first quarter of 2012, we recognized $59 million of impairment charges on non-marketable equity investments held as of March 31, 2012 ($14 million of impairment charges during first quarter of2011 for non-marketable equity investments held as of April 2, 2011). The fair value of these non-marketable equity investments at the time of impairment recognition was $11 million during the first quarter of 2012 ($19 million during the first quarter of 2011). All of these assets were categorized as Level 3 in the fair value hierarchy.

A portion of our non-marketable equity investments was 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 impairment charges. We classified these measurements as Level 3, as we used unobservable inputs to the valuation methodologies that were significant to the fair value measurements, and the valuations required management judgment due to the absence of quoted market prices.

Financial Instruments Not Recorded at Fair Value on a Recurring Basis

We measure the fair value of our non-marketable cost method investments, indebtedness carried at amortized cost, and cost method loans receivable quarterly for disclosure purposes; however, the assets are recorded at fair value only when an impairment charge is recognized. The carrying amounts and fair values of financial instruments not recorded at fair value on a recurring basis as of March 31, 2012 and December 31, 2011 were as follows:

	March 31, 2012
	Carrying		Fair Value Measured Using						Total
(In Millions)	Amount		Level 1		Level 2		Level 3		Fair Value
Non-marketable cost method investments	$	1,116	$	—	$	—	$	1,697	$	1,697
Long-term debt	$	6,960	$	5,190	$	2,653	$	—	$	7,843
Short-term debt	$	273	$	—	$	273	$	—	$	273
NVIDIA Corporation cross-license agreement liability	$	861	$	—	$	881	$	—	$	881
	December 31, 2011
	Carrying		Fair Value Measured Using						Total
(In Millions)	Amount		Level 1		Level 2		Level 3		Fair Value
Non-marketable cost method investments	$	1,129	$	—	$	—	$	1,861	$	1,861
Loans receivable	$	132	$	—	$	132	$	—	$	132
Long-term debt	$	6,953	$	5,287	$	2,448	$	—	$	7,735
Short-term debt	$	200	$	—	$	200	$	—	$	200
NVIDIA Corporation cross-license agreement liability	$	1,156	$	—	$	1,174	$	—	$	1,174

As of March 31, 2012andDecember 31, 2011, the unrealized loss position of our non-marketable cost method investments was not significant.

Our non-marketable equityinvestmentsare valued using the market and income approaches. The market approach includes the use of financial metrics and ratios of comparable public companies. The selection of comparable companies requires management judgment and is based on a number of factors, including comparable companies' sizes, growth rates, industries, development stages, and other relevant factors. The income approach includes the use of a discounted cash flow model, which requires the following significant estimates for the investee: revenue, costs, and discount rates based on the risk profile of comparable companies. Estimates of revenues and costs are developed using available market, historical, and forecast data. The valuation of these non-marketable cost method investments also takes into account variables such as conditions reflected in the capital markets, recent financing activities by the investees, the investees' capital structure, the terms of the investees' issued interests, and the lack of marketability of the investments.

The carrying amount and fair value of loans receivable exclude loans measured and recorded at a fair value of $780 million as of March 31, 2012 ($748 million as of December 31, 2011). The carrying amount and fair value of long-term debt exclude long-term debt measured and recorded at a fair value of $128 million as of March 31, 2012 ($131 million as of December 31, 2011). Short-term debt includes our commercial paper outstanding as of March 31, 2012 and December 31, 2011, and the carrying amount and fair value exclude drafts payable.

The fair value of our loans receivable, including those held at fair value, is determined using a discounted cash flow model, with all significant inputs 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 our loans receivable remains high, with credit ratings of A+/A1 or better as of March 31, 2012. Our long-term debt recognized at amortized cost is comprised of our senior notes and our convertible debentures. The fair value of our senior notes is determined using active market prices, and is thereby classified as Level 1. The fair value of our convertible long-term debt is determined using discounted cash flow models with observable market inputs and takes into consideration variables such as risk-free rate, comparable securities, subordination discount, credit-rating changes and interest rate changes.

The NVIDIA Corporation cross-license agreement liability in the preceding table was incurred as a result of entering into a long-term patent cross-license agreement with NVIDIA in January 2011. We agreed to make payments to NVIDIA over six years. As of March 31, 2012 andDecember 31, 2011, the carrying amount of the liability arising from the agreement was classified within other accrued liabilities and other long-term liabilities, as applicable. The fair value is determined using a discounted cash flow model which discounts future cash flows using our incremental borrowing rates.

XML

Trading Assets (Detail) (USD $) In Millions, unless otherwise specified			3 Months Ended
	Mar. 31, 2012	Dec. 31, 2011	Apr. 02, 2011 Marketable Equity Securities [Member]	Mar. 31, 2012 Marketable Debt Instruments [Member]	Apr. 02, 2011 Marketable Debt Instruments [Member]
Schedule Of Trading Securities And Other Trading Assets [Line Items]
Total trading assets	$ 4,312	$ 4,591
Trading Securities, Change in Unrealized Holding Gain (Loss)			144	(20)	61
Net gains (losses) on derivatives and intercompany loans related to trading securities				$ 28	$ (50)

XML

Available-for-Sale Investments (Tables)

3 Months Ended

Mar. 31, 2012

Available-for-Sale Investments (Tables) [Abstract]

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

Available-for-sale investments as of March 31, 2012 and December 31, 2011 were as follows:

	March 31, 2012								December 31, 2011
			Gross		Gross						Gross		Gross
	Adjusted		Unrealized		Unrealized		Fair		Adjusted		Unrealized		Unrealized		Fair
(In Millions)	Cost		Gains		Losses		Value		Cost		Gains		Losses		Value
Government bonds	$	3,510	$	1	$	(2)	$	3,509	$	4,131	$	—	$	(4)	$	4,127
Commercial paper		3,162		—		(1)		3,161		3,820		—		(3)		3,817
Bank deposits		1,252		1		—		1,253		1,046		1		(1)		1,046
Marketable equity securities		208		613		(2)		819		189		385		(12)		562
Corporate bonds		746		13		(4)		755		892		14		(9)		897
Money market fund deposits		471		—		—		471		546		—		—		546
Asset-backed securities		18		—		(3)		15		48		—		(12)		36
Total available-for-sale
investments	$	9,367	$	628	$	(12)	$	9,983	$	10,672	$	400	$	(41)	$	11,031

Investments Classified by Contractual Maturity Date [Table Text Block]

The amortized cost and fair value of available-for-sale debt investments as of March 31, 2012, by contractual maturity, were as follows:

(In Millions)	Cost		Fair Value
Due in 1 year or less	$	8,187	$	8,194
Due in 1–2 years		218		223
Due in 2–5 years		262		259
Due after 5 years		3		2
Instruments not due at a single maturity date		489		486
Total	$	9,159	$	9,164

Available-For-Sale Investments, Accumulated Other Comprehensive Income Activity [Table Text Block]

The before-tax net unrealized holding gains (losses) on available-for-sale investments that have been included in other comprehensive income (loss) and the before-tax net gains (losses) reclassified from accumulated other comprehensive income (loss) into earnings were as follows:

	Three Months Ended
	March 31,		April 2,
(In Millions)	2012		2011
Net unrealized holding gains (losses) included in other comprehensive income (loss)	$	252	$	36
Net gains (losses) reclassified from accumulated other comprehensive income (loss) into earnings	$	(5)	$	44

XML

Fair Value (Tables)

3 Months Ended

Mar. 31, 2012

Fair Value (Tables) [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 consisted of the following types of instruments as of March 31, 2012 and December 31, 2011:

		March 31, 2012								December 31, 2011
		Fair Value Measured and								Fair Value Measured and
		Recorded at Reporting Date Using								Recorded at Reporting Date Using
(In Millions)		Level 1		Level 2		Level 3			Total	Level 1		Level 2		Level 3		Total
Assets
Cash equivalents:
	Commercial paper	$	—	$	2,203	$	—	$	2,203	$	—	$	2,408	$	—	$	2,408
	Bank deposits		—		880		—		880		—		795		—		795
	Money market fund deposits		471		—		—		471		546		—		—		546
	Government bonds		—		100		—		100		650		—		—		650
Short-term investments:
	Government bonds		2,850		398		—		3,248		2,690		310		—		3,000
	Commercial paper		—		958		—		958		—		1,409		—		1,409
	Corporate bonds		78		375		35		488		120		428		28		576
	Bank deposits		—		318		—		318		—		196		—		196
Trading assets:
	Government bonds		1,729		1,338		—		3,067		1,698		1,317		—		3,015
	Corporate bonds		216		383		—		599		202		486		—		688
	Municipal bonds		—		260		—		260		—		284		—		284
	Bank deposits		—		140		—		140		—		135		—		135
	Commercial paper		—		124		—		124		—		305		—		305
	Asset-backed securities		—		—		101		101		—		—		115		115
	Money market fund deposits		21		—		—		21		49		—		—		49
Other current assets:
	Derivative assets		—		108		5		113		—		159		7		166
	Loans receivable		—		33		—		33		—		33		—		33
Marketable equity securities			694		125		—		819		522		40		—		562
Other long-term investments:
	Corporate bonds		—		237		30		267		—		282		39		321
	Government bonds		—		161		—		161		177		300		—		477
	Bank deposits		—		55		—		55		—		55		—		55
	Asset-backed securities		—		—		15		15		—		—		36		36
Other long-term assets:
	Loans receivable		—		747		—		747		—		715		—		715
	Derivative assets		—		24		28		52		—		34		29		63
Total assets measured and
	recorded at fair value	$	6,059	$	8,967	$	214	$	15,240	$	6,654	$	9,691	$	254	$	16,599
Liabilities
Other accrued liabilities:
	Derivative liabilities	$	—	$	275	$	9	$	284	$	—	$	280	$	8	$	288
Long-term debt			—		—		128		128		—		—		131		131
Other long-term liabilities:
	Derivative liabilities		—		40		—		40		—		27		—		27
Total liabilities measured and
	recorded at fair value	$	—	$	315	$	137	$	452	$	—	$	307	$	139	$	446

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 as of March 31, 2012 and December 31, 2011 were as follows:

	March 31, 2012
	Carrying		Fair Value Measured Using						Total
(In Millions)	Amount		Level 1		Level 2		Level 3		Fair Value
Non-marketable cost method investments	$	1,116	$	—	$	—	$	1,697	$	1,697
Long-term debt	$	6,960	$	5,190	$	2,653	$	—	$	7,843
Short-term debt	$	273	$	—	$	273	$	—	$	273
NVIDIA Corporation cross-license agreement liability	$	861	$	—	$	881	$	—	$	881
	December 31, 2011
	Carrying		Fair Value Measured Using						Total
(In Millions)	Amount		Level 1		Level 2		Level 3		Fair Value
Non-marketable cost method investments	$	1,129	$	—	$	—	$	1,861	$	1,861
Loans receivable	$	132	$	—	$	132	$	—	$	132
Long-term debt	$	6,953	$	5,287	$	2,448	$	—	$	7,735
Short-term debt	$	200	$	—	$	200	$	—	$	200
NVIDIA Corporation cross-license agreement liability	$	1,156	$	—	$	1,174	$	—	$	1,174

XML

Common Stock Repurchases (Detail) (Common Stock Repurchase Program [Member], USD $) In Billions, except Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2012	Apr. 02, 2011
Common Stock Repurchase Program [Member]
Common Stock Repurchases (Textuals) [Abstract]
Total Stock Repurchase Authorization End of Current Period, Value	$ 45
Remaining Stock Repurchase Authorization End of Current Period, Value	8.6
Accumulated Stock Repurchased During Program, Total Shares	4,100,000,000
Accumulated Stock Repurchased During Program, Total Value	86
Stock Repurchased and Retired During Period, Shares	56,900,000	189,100,000
Stock Repurchased and Retired During Period, Value	$ 1.5	$ 4.0

XML

Available For Sale Investments (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2012	Apr. 02, 2011	Dec. 31, 2011
Available-For-Sale Investments [Abstract]
Gross Unrealized Gains	$ 628		$ 400
Gross Unrealized Losses	(12)		(41)
Fair Value	9,164
Adjusted Cost, Total	9,367		10,672
Fair Value, Total	9,983		11,031
Available-for-sale Securities, Gross Realized Gains (Losses), Sale Proceeds	333	7,600
Available-for-sale Securities, Gross Realized Gains		28
Due in 1 year or less, Cost	8,187
Due in 1-2 years, Cost	218
Due in 2-5 years, Cost	262
Due after 5 years, Cost	3
Instruments not due at a single maturity date, Cost	489
Cost, Total	9,159
Due in 1 year or less, Fair Value	8,194
Due in 1-2 years, Fair Value	223
Due in 2-5 years, Fair Value	259
Due after 5 years, Fair Value	2
Instruments not due at a single maturity date, Fair Value	486
Adjusted Cost	208		189
Fair Value	819		562
Net unrealized holding gains (losses) included in other comprehensive income (loss)	252	36
Net gains (losses) reclassified from accumulated other comprehensive income (loss) into earnings	(5)	44
Bank Deposits [Member]
Available-For-Sale Investments [Abstract]
Adjusted Cost	1,252		1,046
Gross Unrealized Gains	1		1
Gross Unrealized Losses			(1)
Fair Value	1,253		1,046
Marketable Equity Securities [Member]
Available-For-Sale Investments [Abstract]
Gross Unrealized Gains	613		385
Gross Unrealized Losses	(2)		(12)
Corporate Bonds [Member]
Available-For-Sale Investments [Abstract]
Adjusted Cost	746		892
Gross Unrealized Gains	13		14
Gross Unrealized Losses	(4)		(9)
Fair Value	755		897
Asset-Backed Securities [Member]
Available-For-Sale Investments [Abstract]
Adjusted Cost	18		48
Gross Unrealized Losses	(3)		(12)
Fair Value	15		36
Government Bonds [Member]
Available-For-Sale Investments [Abstract]
Adjusted Cost	3,510		4,131
Gross Unrealized Gains	1
Gross Unrealized Losses	(2)		(4)
Fair Value	3,509		4,127
Commercial Paper [Member]
Available-For-Sale Investments [Abstract]
Adjusted Cost	3,162		3,820
Gross Unrealized Losses	(1)		(3)
Fair Value	3,161		3,817
Money Market Fund Deposits [Member]
Available-For-Sale Investments [Abstract]
Adjusted Cost	471		546
Fair Value	$ 471		$ 546

XML

Inventories (Tables)

3 Months Ended

Mar. 31, 2012

Inventories (Tables) [Abstract]

Schedule of Inventory, Current [Table Text Block]

Inventories at the end of each period were as follows:

	March 31,		Dec. 31,
(In Millions)	2012		2011
Raw materials	$	646	$	644
Work in process		2,048		1,680
Finished goods		1,795		1,772
Total inventories	$	4,489	$	4,096

XML

Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2012

Derivative Financial Instruments (Tables) [Abstract]

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

Total gross notional amounts for outstanding derivatives (recorded at fair value) were as follows:

	March 31,		Dec. 31,		April 2,
(In Millions)	2012		2011		2011
Currency forwards	$	11,116	$	11,203	$	8,123
Embedded debt derivatives		3,600		3,600		3,600
Currency interest rate swaps		1,812		1,650		1,690
Interest rate swaps		1,689		1,837		2,159
Total return swaps		821		761		649
Equity options		50		54		496
Other		101		128		128
Total	$	19,189	$	19,233	$	16,845

The gross notional amounts for currency forwards and currency interest rate swaps (presented by currency) were as follows:

	March 31,		Dec. 31,		April 2,
(In Millions)	2012		2011		2011
Japanese yen	$	4,040	$	3,477	$	3,047
Euro		3,553		3,904		4,035
Israeli shekel		1,823		2,168		1,199
Malaysian ringgit		914		805		336
Chinese yuan		803		688		341
British pound sterling		523		459		317
Other		1,272		1,352		538
Total	$	12,928	$	12,853	$	9,813

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

The fair values of our derivative instruments as of March 31, 2012 and December 31, 2011 were as follows:

		March 31, 2012								December 31, 2011
		Other		Other		Other		Other		Other		Other		Other		Other
		Current		Long-Term		Accrued		Long-Term		Current		Long-Term		Accrued		Long-Term
(In Millions)		Assets		Assets		Liabilities		Liabilities		Assets		Assets		Liabilities		Liabilities
Derivatives designated as
	hedging instruments
Currency forwards		$	26	$	1	$	183	$	17	$	61	$	—	$	170	$	7
Other			—		—		1		—		—		—		1		—
Total derivatives designated as
	hedging instruments	$	26	$	1	$	184	$	17	$	61	$	—	$	171	$	7
Derivatives not designated as
	hedging instruments
Currency forwards		$	55	$	—	$	29	$	—	$	54	$	—	$	34	$	—
Interest rate swaps			—		—		54		—		3		—		63		—
Currency interest rate swaps			27		23		8		13		41		33		11		10
Embedded debt derivatives			—		—		—		10		—		—		—		10
Total return swaps			5		—		—		—		7		—		—		—
Equity options			—		6		9		—		—		6		9		—
Other			—		22		—		—		—		24		—		—
Total derivatives not designated
	as hedging instruments	$	87	$	51	$	100	$	23	$	105	$	63	$	117	$	20
Total derivatives		$	113	$	52	$	284	$	40	$	166	$	63	$	288	$	27

Schedule Of Derivative Instruments In Cash Flow Hedging Relationships [Table Text Block]

The before-tax effects of derivative instruments in cash flow hedging relationships for the three months endedMarch 31, 2012 and April 2, 2011 were as follows:

	Gains (Losses) Recognized
	in OCI on Derivatives				Gains (Losses) Reclassified from Accumulated OCI into
	(Effective Portion)				Income by Derivative Instrument Type (Effective Portion)
(In Millions)	Q1 2012		Q1 2011		Location	Q1 2012		Q1 2011
Currency forwards	$	(74)	$	201	Cost of sales	$	15	$	34
					Research and development		(21)		8
					Marketing, general and administrative		(5)		5
Other		—		3	Cost of sales		(1)		1
Total	$	(74)	$	204		$	(12)	$	48

Schedule Of Derivative Instruments Not Designated As Hedging Instruments [Table Text Block]

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

		Three Months Ended
	Location of Gains (Losses)	March 31,		April 2,
(In Millions)	Recognized in Income on Derivatives	2012		2011
Currency forwards	Interest and other, net	$	15	$	14
Interest rate swaps	Interest and other, net		30		(1)
Currency interest rate swaps	Interest and other, net		(56)		(110)
Total return swaps	Various		59		23
Equity options	Gains (losses) on equity investments, net		—		(117)
Other	Gains (losses) on equity investments, net		(2)		2
Total		$	46	$	(189)

XML

Accounting Changes

3 Months Ended

Mar. 31, 2012

Accounting Changes [Abstract]

Accounting Changes [Text Block]

Note 2: Accounting Changes

In the first quarter of 2012, we adopted amended standards that increase the prominence of items reported in other comprehensive income. These amended standards eliminate the option to present components of other comprehensive income as part of the statement of changes in stockholders' equity and require that all changes in stockholders' equity—except investments by, and distributions to, owners—be presented either in a single continuous statement of comprehensive income or in two separate but consecutive statements. The adoption of these amended standards did impact the presentation of other comprehensive income, as we have elected to present two separate but consecutive statements, but did not have an impact on our financial position or results of operations.

XML

Other Long-Term Assets (Tables)

3 Months Ended

Mar. 31, 2012

Other Long-Term Assets (Tables) [Abstract]

Schedule Of Other Long Term Assets [Table Text Block]

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

	March 31,		Dec. 31,
(In Millions)	2012		2011
Equity method investments	$	1,602	$	1,669
Non-marketable cost method investments		1,116		1,129
Non-current deferred tax assets		314		335
Loans receivable		747		715
Other		821		800
Total other long-term assets	$	4,600	$	4,648

XML

Comprehensive Income (Tables)

3 Months Ended

Mar. 31, 2012

Comprehensive Income (Tables) [Abstract]

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

The components of accumulated other comprehensive income, net of tax, at the end of each period, as well as the activity, were as follows:

			Other
	Dec. 31,		Comprehensive		March 31,
(In Millions)	2011		Income		2012
Accumulated net unrealized holding gain (loss) on available-for-sale investments	$	231	$	166	$	397
Accumulated net deferred tax asset valuation allowance		104		—		104
Accumulated net unrealized holding gain (loss) on derivatives		8		(34)		(26)
Accumulated net prior service costs		(32)		1		(31)
Accumulated net actuarial losses		(950)		16		(934)
Accumulated net foreign currency translation adjustment		(142)		28		(114)
Total accumulated other comprehensive income (loss)	$	(781)	$	177	$	(604)

XML

Identified Intangible Assets (Detail) (USD $) In Millions, unless otherwise specified									3 Months Ended				3 Months Ended				3 Months Ended				3 Months Ended
	Mar. 31, 2012	Dec. 31, 2011	Mar. 31, 2012 Subject To Amortization [Member]	Dec. 31, 2011 Subject To Amortization [Member]	Mar. 31, 2012 Not Subject To Amortization [Member]	Dec. 31, 2011 Not Subject To Amortization [Member]	Mar. 31, 2012 Not Subject To Amortization [Member] Acquisition-Related Trade Names [Member]	Dec. 31, 2011 Not Subject To Amortization [Member] Acquisition-Related Trade Names [Member]	Mar. 31, 2012 Acquisition-Related Developed Technology [Member]	Apr. 02, 2011 Acquisition-Related Developed Technology [Member]	Mar. 31, 2012 Acquisition-Related Developed Technology [Member] Subject To Amortization [Member]	Dec. 31, 2011 Acquisition-Related Developed Technology [Member] Subject To Amortization [Member]	Mar. 31, 2012 Acquisition-Related Customer Relationships [Member]	Apr. 02, 2011 Acquisition-Related Customer Relationships [Member]	Mar. 31, 2012 Acquisition-Related Customer Relationships [Member] Subject To Amortization [Member]	Dec. 31, 2011 Acquisition-Related Customer Relationships [Member] Subject To Amortization [Member]	Mar. 31, 2012 Acquisition-Related Trade Names [Member]	Apr. 02, 2011 Acquisition-Related Trade Names [Member]	Mar. 31, 2012 Acquisition-Related Trade Names [Member] Subject To Amortization [Member]	Dec. 31, 2011 Acquisition-Related Trade Names [Member] Subject To Amortization [Member]	Mar. 31, 2012 Licensed Technology [Member]	Apr. 02, 2011 Licensed Technology [Member]	Mar. 31, 2012 Licensed Technology [Member] Subject To Amortization [Member]	Dec. 31, 2011 Licensed Technology [Member] Subject To Amortization [Member]
Identified Intangible Assets By Major Class [Abstract]
Gross Assets			$ 6,813	$ 6,792							$ 2,633	$ 2,615			$ 1,714	$ 1,714			$ 68	$ 68			$ 2,398	$ 2,395
Accumulated Amortization			(1,803)	(1,552)							(693)	(570)			(331)	(254)			(24)	(21)			(755)	(707)
Net			5,010	5,240							1,940	2,045			1,383	1,460			44	47			1,643	1,688
Identified Intangible Assets, Amortization Expenses [Abstract]
Finite-Lived Intangible Assets, Amortization Expense																					48	46
Amortization of acquisition-related intangibles									137	73			78	34			3	2
Identified Intangible Assets, Future Amortization Expenses [Abstract]
Future Amortization Expense, Remainder of 2012									410				220				9				134
Future Amortization Expense, 2013									534				275				11				165
Future Amortization Expense, 2014									512				262				10				154
Future Amortization Expense, 2015									242				244				10				136
Future Amortization Expense, 2016									155				226				4				121
Indefinite-lived Intangible Assets by Major Class [Line Items]
Gross Assets							810	806
Identifiied Intangible Assets [Line Items]
Gross Assets					244	221
Gross Assets	7,867	7,819			1,054	1,027
Net	$ 6,064	$ 6,267

XML

Consolidated Condensed Statements of Income (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2012	Apr. 02, 2011
Net revenue	$ 12,906	$ 12,847
Cost of sales	4,641	4,962
Gross margin	8,265	7,885
Research and development	2,401	1,916
Marketing, general and administrative	1,973	1,775
Operating expenses	4,455	3,727
Operating income	3,810	4,158
Gains (losses) on equity investments, net	(19)	28
Interest and other, net	23	185
Income before taxes	3,814	4,371
Provision for taxes	1,076	1,211
Net income	2,738	3,160
Basic earnings per common share (in dollars per share)	$ 0.55	$ 0.58
Diluted earnings per common share (in dollars per share)	$ 0.53	$ 0.56
Cash dividends declared per common share (in dollars per share)	$ 0.42	$ 0.3624
Weighted average common shares outstanding:
Basic (shares)	4,999	5,452
Diluted (shares)	5,192	5,606
Operating Expense [Member]
Amortization of acquisition-related intangibles	$ 81	$ 36

XML

Inventories (Detail) (USD $) In Millions, unless otherwise specified	Mar. 31, 2012	Dec. 31, 2011
Inventories [Abstract]
Raw materials	$ 646	$ 644
Work in process	2,048	1,680
Finished goods	1,795	1,772
Total Inventories	$ 4,489	$ 4,096

XML

Consolidated Condensed Statements of Cash Flows (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2012	Apr. 02, 2011
Consolidated Condensed Statements of Cash Flows [Abstract]
Cash and cash equivalents, beginning of period	$ 5,065	$ 5,498
Cash flows provided by (used for) operating activities:
Net income	2,738	3,160
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	1,519	1,287
Share-based compensation	274	300
Excess tax benefit from share-based payment arrangements	(19)	(1)
Amortization of intangibles	266	155
(Gains) losses on equity investments, net	19	(28)
(Gains) losses on divestitures	0	(164)
Deferred taxes	(45)	(109)
Changes in assets and liabilities:
Accounts receivable	(387)	(504)
Inventories	(381)	(251)
Accounts payable	37	404
Accrued compensation and benefits	(1,450)	(1,401)
Income taxes payable and receivable	760	1,032
Other assets and liabilities	(359)	133
Total adjustments	234	853
Net cash provided by operating activities	2,972	4,013
Cash flows provided by (used for) investing activities:
Additions to property, plant and equipment	(2,974)	(2,723)
Acquisitions, net of cash acquired	(176)	(8,216)
Purchases of available-for-sale investments	(1,529)	(3,569)
Sales of available-for-sale investments	333	7,594
Maturities of available-for-sale investments	1,827	5,172
Purchases of trading assets	(4,303)	(1,540)
Maturities and sales of trading assets	4,567	2,578
Collection of loans receivable	133	0
Investments in non-marketable equity investments	(116)	(147)
Return of equity method investments	67	24
Proceeds from divestitures	0	50
Other investing	60	133
Net cash used for investing activities	(2,111)	(644)
Cash flows provided by (used for) financing activities:
Increase (decrease) in short-term debt, net	115	16
Proceeds from government grants	0	56
Excess tax benefit from share-based payment arrangements	19	1
Proceeds from sales of shares through employee equity incentive plans	1,244	239
Repurchase of common stock	(1,519)	(4,006)
Payment of dividends to stockholders	(1,049)	(994)
Other financing	(305)	0
Net cash used for financing activities	(1,495)	(4,688)
Effect of exchange rate fluctuations on cash and cash equivalents	(2)	9
Net increase (decrease) in cash and cash equivalents	(636)	(1,310)
Cash and cash equivalents, end of period	4,429	4,188
Cash paid during the period for:
Interest, net of amounts capitalized	0	0
Income taxes, net of refunds	$ 376	$ 269

XML

Contingencies (Detail) Share data in Millions, unless otherwise specified	1 Months Ended		12 Months Ended	1 Months Ended
	Oct. 31, 2010 Lehman Matter [Member] USD ($)	Sep. 26, 2008 Lehman Matter [Member] USD ($)	Dec. 31, 2008 Lehman Matter [Member] USD ($)	May 31, 2009 EC Fine [Member] USD ($)	May 31, 2009 EC Fine [Member] EUR (€)	Nov. 30, 2008 Korea Fair Trade Commission Antitrust Violation Inquiry [Member] USD ($)	Jun. 30, 2008 Korea Fair Trade Commission Antitrust Violation Inquiry [Member] USD ($)
Loss Contingencies [Line Items]
Loss Contingency, Fine				$ 1,447,000,000	€ 1,060,000,000	$ 20,000,000
Loss Contingency, Announced Fine Intention							25,000,000
Loss Contingency, Pre-Payment Amount For Forward-Purchase Agreement			1,000,000,000
Loss Contingency, Value of Shares Of Intel Common Stock Required To Be Purchased Under Forward-Purchase Agreement		1,000,000,000
Loss Contingency, Cash Collateral Received For Forward-Purchase Agreement			1,000,000,000
Loss Contingency, Shares Of Intel Common Stock Required To Be Delivered Under Forward-Purchase Agreement			50
Loss Contingency, Cash Collateral Foreclosed On In Forward-Purchase Agreement			1,000,000,000
Loss Contingency, Damages Sought, Value	$ 417,000,000

XML

Goodwill (Tables)

3 Months Ended

Mar. 31, 2012

Goodwill (Tables) [Abstract]

Schedule of Goodwill [Table Text Block]

Goodwill activity for the first quarter of 2012 was as follows:

					Other Intel		Software and
					Architecture		Services
	PC Client		Data Center		Operating		Operating
(In Millions)	Group		Group		Segments		Segments		Unallocated		Total
December 31, 2011	$	2,918	$	1,553	$	844	$	3,939	$	—	$	9,254
Additions due to acquisitions		12		90		—		5		7		114
Effect of exchange rate fluctuations		—		—		—		20		—		20
March 31, 2012	$	2,930	$	1,643	$	844	$	3,964	$	7	$	9,388

XML

Employee Equity Incentive Plans

3 Months Ended

Mar. 31, 2012

Employee Equity Incentive Plans [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.

Under the 2006 Equity Incentive Plan (the 2006 Plan), 596 million shares of common stock have been made available for issuance as equity awards to employees and non-employee directors. A maximum of 394 million of these shares can be awarded as non-vested shares (restricted stock) or non-vested share units (restricted stock units). As of March 31, 2012, 300 million shares remained available for future grant under the 2006 Plan.

The 2006 Stock Purchase Plan allows eligible employees to purchase shares of our common stock at85% of the value of our common stock on specific dates. Rights to purchase shares are granted during the first and third quarters of each year. Under the 2006 Stock Purchase Plan, we made 373 million shares of common stock available for issuance through August 2016. As of March 31, 2012, 244 million shares were available for issuance under the 2006 Stock Purchase Plan.

Restricted Stock Unit Awards

Activity with respect to outstanding restricted stock units (RSUs) for the first quarterof 2012was as follows:

		Weighted
		Average
	Number of	Grant-Date
(In Millions, Except Per RSU Amounts)	RSUs	Fair Value
December 31, 2011	107.0	$	19.18
Granted	4.6	$	27.36
Vested	(2.7)	$	19.96
Forfeited	(1.3)	$	19.26
March 31, 2012	107.6	$	19.51

As of March 31, 2012, 5 million of the outstanding restricted stock units were market-based restricted stock units.

Stock Option Awards

Activity with respect to outstanding stock options for the first quarter of 2012 was as follows:

			Weighted
		Number of	Average
(In Millions, Except Per Option Amounts)		Options	Exercise Price
December 31, 2011		298.3	$	20.12
Granted		3.8	$	26.79
Exercised		(50.1)	$	20.90
Cancelled and forfeited		(1.4)	$	21.34
Expired		(0.9)	$	30.01
March 31, 2012		249.7	$	20.02
Options exercisable as of:
	December 31, 2011	203.6	$	20.44
	March 31, 2012	155.5	$	20.21

Stock Purchase Plan

Employees purchased 10.3 million shares in the first quarter of 2012 (10.3 million shares in the first quarter of 2011) for $197 million ($181 million in the first quarter of 2011) under the 2006 Stock Purchase Plan.

XML

Identified Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2012

Identified Intangible Assets (Tables) [Abstract]

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

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

	March 31, 2012
			Accumulated
(In Millions)	Gross Assets		Amortization		Net
Acquisition-related developed technology	$	2,633	$	(693)	$	1,940
Acquisition-related customer relationships		1,714		(331)		1,383
Acquisition-related trade names		68		(24)		44
Licensed technology		2,398		(755)		1,643
Identified intangible assets subject to amortization	$	6,813	$	(1,803)	$	5,010
Acquisition-related trade names		810		—		810
Other intangible assets		244		—		244
Identified intangible assets not subject to amortization	$	1,054	$	—	$	1,054
Total identified intangible assets	$	7,867	$	(1,803)	$	6,064
	December 31, 2011
			Accumulated
(In Millions)	Gross Assets		Amortization		Net
Acquisition-related developed technology	$	2,615	$	(570)	$	2,045
Acquisition-related customer relationships		1,714		(254)		1,460
Acquisition-related trade names		68		(21)		47
Licensed technology		2,395		(707)		1,688
Identified intangible assets subject to amortization	$	6,792	$	(1,552)	$	5,240
Acquisition-related trade names		806		—		806
Other intangible assets		221		—		221
Identified intangible assets not subject to amortization	$	1,027	$	—	$	1,027
Total identified intangible assets	$	7,819	$	(1,552)	$	6,267

Identified Intangible Assets, Amortization Expenses [Table Text Block]

Amortization expenses for the periods indicated were as follows:

	Three Months Ended
	March 31,		April 2,
(In Millions)	2012		2011
Acquisition-related developed technology	$	137	$	73
Acquisition-related customer relationships	$	78	$	34
Acquisition-related trade names	$	3	$	2
Licensed technology	$	48	$	46

Schedule of Expected Amortization Expense [Table Text Block]

Based on the identified intangible assets that are subject to amortization as of March 31, 2012, we expect future amortization expense to be as follows:

	Remainder
(In Millions)	of 2012		2013		2014		2015		2016
Acquisition-related developed technology	$	410	$	534	$	512	$	242	$	155
Acquisition-related customer relationships	$	220	$	275	$	262	$	244	$	226
Acquisition-related trade names	$	9	$	11	$	10	$	10	$	4
Licensed technology	$	134	$	165	$	154	$	136	$	121

XML

Earnings Per Share

3 Months Ended

Mar. 31, 2012

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

Note 18: Earnings Per Share

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

	Three Months Ended
	March 31,		April 2,
(In Millions, Except Per Share Amounts)	2012		2011
Net income available to common stockholders	$	2,738	$	3,160
Weighted average common shares outstanding — basic		4,999		5,452
Dilutive effect of employee equity incentive plans		126		102
Dilutive effect of convertible debt		67		52
Weighted average common shares outstanding — diluted		5,192		5,606
Basic earnings per common share	$	0.55	$	0.58
Diluted earnings per common share	$	0.53	$	0.56

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

Potentially dilutive common shares from employee incentive plans are determined by applying the treasury stock method to the assumed exercise of outstanding stock options, the assumed vesting of outstanding restricted stock units, and the assumed issuance of common stock under the stock purchase plan. Potentially dilutive common shares are determined by applying the if-converted method for our 2005 debentures. 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 common shares are determined by applying the treasury stock method.

For the first quarter of 2012, we excluded 19 million outstanding weighted average stock options (125 million for the first quarter of 2011) from the calculation of diluted earnings per common share because the exercise prices of these stock options were greater than or equal to the average market value of the common shares.These options could be included in the calculation in the future if the average market value of the common shares increases and is greater than the exercise price of these options. In the first quarter of 2012, we included our 2009 debentures in the calculation of diluted earnings per common share because the average market price was above the conversion price. In the first quarter of 2011, we excluded the 2009 debentures from the calculation of diluted earnings per common share because the conversion option of the debentures was anti-dilutive, and we could potentially exclude the 2009 debentures again in the future if the average market price is below the conversion price.

XML

Basis of Presentation

3 Months Ended

Mar. 31, 2012

Basis of Presentation [Abstract]

Basis of Presentation [Text Block]

Note 1: Basis of Presentation

We prepared our interim consolidated condensed financial statements that accompany these notes in conformity with U.S. generally accepted accounting principles, consistent in all material respects with those applied in our Annual Report on Form 10-K for the year ended December 31, 2011.

We have a 52- or 53-week fiscal year that ends on the last Saturday in December. Fiscal year 2012is a 52-week fiscal year, and the first quarter of 2012 was a 13-week quarter. Fiscal year 2011 was a 53-week fiscal year, and the first quarter of 2011 was a 14-week quarter.

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 31, 2011.

XML

Consolidated Condensed Statements of Comprehensive Income (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2012	Apr. 02, 2011
Consolidated Condensed Statements Of Comprehensive Income [Abstract]
Net income	$ 2,738	$ 3,160
Other comprehensive income, net of tax:
Change in net unrealized holding gain (loss) on available-for-sale investments	166	(5)
Change in net deferred tax asset valuation allowance	0	(15)
Change in net unrealized holding gain (loss) on derivatives	(34)	112
Change in net prior service costs	1	0
Change in net actuarial losses	16	(7)
Change in net foreign currency translation adjustment	28	63
Other comprehensive income	177	148
Total comprehensive income	$ 2,915	$ 3,308

XML

Interest and Other, Net

3 Months Ended

Mar. 31, 2012

Interest and Other, Net [Abstract]

Interest and Other, Net [Text Block]

Note 11: Interest and Other, Net

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

	Three Months Ended
	March 31,		April 2,
(In Millions)	2012		2011
Interest income	$	28	$	28
Interest expense		(31)		(6)
Other, net		26		163
Total interest and other, net	$	23	$	185

Interest expense in the preceding table is net of $50 million of interest capitalized in the first quarter of 2012 ($44 million in the first quarter of 2011).

XML

Document and Entity Information In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2012	Apr. 27, 2012
Document and Entity Information [Abstract]
Entity Registrant Name	Intel Corporation
Entity Central Index Key	0000050863
Document Type	10-Q
Document Period End Date	Mar. 31, 2012
Amendment Flag	false
Company Fiscal Year End Date	--12-29
Entity Filer Category	Large Accelerated Filer
Entity Common Stock Shares Outstanding		5,031
Document Fiscal Year Focus	2012
Document Fiscal Period Focus	Q1

XML

Acquisitions

3 Months Ended

Mar. 31, 2012

Acquisitions [Abstract]

Acquisitions [Text Block]

Note 12: Acquisitions

During the first quarterof 2012, we completed four acquisitions qualifying as business combinations in exchange for aggregate net cash consideration of $176 million. Substantially all of the consideration was allocated to goodwill and intangibles.

XML

Consolidated Condensed Balance Sheets (USD $) In Millions, unless otherwise specified	Mar. 31, 2012	Dec. 31, 2011
Current assets:
Cash and cash equivalents	$ 4,429	$ 5,065
Short-term investments	5,012	5,181
Trading assets	4,312	4,591
Accounts receivable, net	4,037	3,650
Inventories	4,489	4,096
Deferred tax assets	1,794	1,700
Other current assets	1,348	1,589
Total current assets	25,421	25,872
Property, plant and equipment, net of accumulated depreciation of $35,575 ($34,446 as of December 31, 2011)	25,027	23,627
Marketable equity securities	819	562
Other long-term investments	498	889
Goodwill	9,388	9,254
Identified intangible assets, net	6,064	6,267
Other long-term assets	4,600	4,648
Total assets	71,817	71,119
Current liabilities:
Short-term debt	362	247
Accounts payable	2,993	2,956
Accrued compensation and benefits	1,498	2,948
Accrued advertising	1,095	1,134
Deferred income	2,001	1,929
Other accrued liabilities	3,992	2,814
Total current liabilities	11,941	12,028
Long-term debt	7,088	7,084
Long-term deferred tax liabilities	2,793	2,617
Other long-term liabilities	3,235	3,479
Contingencies (Note 20)
Stockholders' equity:
Preferred stock	0	0
Common stock and capital in excess of par value, 5,006 shares issued and outstanding (5,000 as of December 31, 2011)	18,381	17,036
Accumulated other comprehensive income (loss)	(604)	(781)
Retained earnings	28,983	29,656
Total stockholders' equity	46,760	45,911
Total liabilities and stockholders' equity	$ 71,817	$ 71,119

XML

Inventories

3 Months Ended

Mar. 31, 2012

Inventories [Abstract]

Inventories [Text Block]

Note 6: Inventories

Inventories at the end of each period were as follows:

	March 31,		Dec. 31,
(In Millions)	2012		2011
Raw materials	$	646	$	644
Work in process		2,048		1,680
Finished goods		1,795		1,772
Total inventories	$	4,489	$	4,096

XML

Available-for-Sale Investments

3 Months Ended

Mar. 31, 2012

Available-for-Sale Securities [Abstract]

Available-for-Sale Investments [Text Block]

Note 5: Available-for-Sale Investments

Available-for-sale investments as of March 31, 2012 and December 31, 2011 were as follows:

	March 31, 2012								December 31, 2011
			Gross		Gross						Gross		Gross
	Adjusted		Unrealized		Unrealized		Fair		Adjusted		Unrealized		Unrealized		Fair
(In Millions)	Cost		Gains		Losses		Value		Cost		Gains		Losses		Value
Government bonds	$	3,510	$	1	$	(2)	$	3,509	$	4,131	$	—	$	(4)	$	4,127
Commercial paper		3,162		—		(1)		3,161		3,820		—		(3)		3,817
Bank deposits		1,252		1		—		1,253		1,046		1		(1)		1,046
Marketable equity securities		208		613		(2)		819		189		385		(12)		562
Corporate bonds		746		13		(4)		755		892		14		(9)		897
Money market fund deposits		471		—		—		471		546		—		—		546
Asset-backed securities		18		—		(3)		15		48		—		(12)		36
Total available-for-sale
investments	$	9,367	$	628	$	(12)	$	9,983	$	10,672	$	400	$	(41)	$	11,031

In the preceding table, government bonds include bonds issued or deemed to be guaranteed by government entities. Government bonds include instruments such as U.S. Treasury securities, non-U.S. government bonds, and U.S. agency securities as of March 31, 2012 and December 31, 2011.

The amortized cost and fair value of available-for-sale debt investments as of March 31, 2012, by contractual maturity, were as follows:

(In Millions)	Cost		Fair Value
Due in 1 year or less	$	8,187	$	8,194
Due in 1–2 years		218		223
Due in 2–5 years		262		259
Due after 5 years		3		2
Instruments not due at a single maturity date		489		486
Total	$	9,159	$	9,164

Instruments not due at a single maturity date in the preceding table include asset-backed securities and money market fund deposits.

In the first quarter of 2012,we sold available-for-sale investments for proceeds of $333 million ($7.6billion in the first quarter of 2011). The gross realized gains on sales of available-for-sale investments were insignificant in the first quarter of 2012 ($28 million in the first quarter of 2011)and were primarily related to our sales of marketable equity securities. We determine the cost of an investment sold on an average cost basis at the individual security level.

The before-tax net unrealized holding gains (losses) on available-for-sale investments that have been included in other comprehensive income (loss) and the before-tax net gains (losses) reclassified from accumulated other comprehensive income (loss) into earnings were as follows:

	Three Months Ended
	March 31,		April 2,
(In Millions)	2012		2011
Net unrealized holding gains (losses) included in other comprehensive income (loss)	$	252	$	36
Net gains (losses) reclassified from accumulated other comprehensive income (loss) into earnings	$	(5)	$	44

XML

Common Stock Repurchases

3 Months Ended

Mar. 31, 2012

Common Stock Repurchases [Abstract]

Common Stock Repurchases [Text Block]

Note 17: Common Stock Repurchases

Common Stock Repurchase Program

We have an ongoing authorization, since October 2005, as amended, from our Board of Directors to repurchase up to $45 billion in shares of our common stock in open market or negotiated transactions. As of March 31, 2012, $8.6 billion remained available for repurchase under the existing repurchase authorization limit. During the first quarter of 2012, we repurchased 56.9 million shares of common stock at a cost of $1.5 billion. During the first quarter of 2011, we repurchased 189.1 million shares of common stock at a cost of $4.0 billion. We have repurchased 4.1 billion shares at a cost of $86 billion since the program began in 1990.

XML

Goodwill

3 Months Ended

Mar. 31, 2012

Goodwill [Abstract]

Goodwill [Text Block]

Note 13: Goodwill

Goodwill activity for the first quarter of 2012 was as follows:

					Other Intel		Software and
					Architecture		Services
	PC Client		Data Center		Operating		Operating
(In Millions)	Group		Group		Segments		Segments		Unallocated		Total
December 31, 2011	$	2,918	$	1,553	$	844	$	3,939	$	—	$	9,254
Additions due to acquisitions		12		90		—		5		7		114
Effect of exchange rate fluctuations		—		—		—		20		—		20
March 31, 2012	$	2,930	$	1,643	$	844	$	3,964	$	7	$	9,388

No goodwill was impaired during the first quarter of 2012 and 2011, and the accumulated impairment losses as of March 31, 2012 and December 31, 2011were $713 million: $341 million associated with our PC Client Group, $279 million associated with our Data Center Group, and $93 million associated with other Intel architecture operating segments.

XML

Equity Method Investments

3 Months Ended

Mar. 31, 2012

Equity Method and Cost Method Investments [Abstract]

Equity Method Investments [Text Block]

Note 9: Equity Method Investments

IMFT/IMFS

Micron Technology, Inc. and Intel formed IM Flash Technologies, LLC (IMFT) and IM Flash Singapore, LLP (IMFS) to manufacture NAND flash memory products for Micron and Intel. As of March 31, 2012, we owned a 49% interest in IMFT and an 18% interest in IMFS. The carrying value of our investment in IMFT/IMFS was $1.3 billion as of March 31, 2012 ($1.3 billion as of December 31, 2011) and is classified within other long-term assets.

These joint ventures are variable interest entities. All costs of the joint ventures are passed on to Micron and Intel through our purchase agreements. The joint ventures are dependent upon Micron and Intel for any additional cash requirements.Our portion of IMFT/IMFS costs, primarily related to product purchases and production-related services, was approximately $240 millionduring the first quarter of 2012 (approximately $220 million during the first quarter of 2011). The amount due to IMFT/IMFS for product purchases and services provided was approximately $95 million as of March 31, 2012 (approximately $125 million as of December 31, 2011). Finally, $67 million was returned to Intel by IMFT/IMFS during the first quarter of 2012, which is reflected as a return of equity method investment within investing activities on the consolidated condensed statements of cash flows ($24 million during the first quarter of 2011).

Subsequent to the end of the first quarter of 2012, we completed agreements with Micron to expand our joint venture relationship. Under the new structure, we own a 49% interest in the remaining assets held by IMFT and no longer hold an ownership interest in IMFS. We also entered into an amended operating agreement for IMFT, which extends the term of IMFT to 2024, unless earlier terminated under certain terms and conditions, and provides that IMFT may manufacture certain emerging memory technologies in addition to NAND flash memory. These agreements include a NAND Flash supply agreement for Micron to supply us NAND products. Additionally, we received approximately $600 million from the sale of assets of IMFS and certain assets of IMFT to Micron. We provided approximately $365 million to Micron, which we expect will primarily be applied to future product purchases under the supply agreement with Micron. Additionally, the agreements extend Intel and Micron's NAND joint development program and expand it to include emerging memory technologies. Finally, the amended agreement also provides for certain buy-sell rights, beginning in 2015, under which we may elect to sell to Micron, or Micron may elect to purchase from us, our interest in IMFT. If Intel elects to 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 Intel for one to two years.

We expect the closing of the joint venture expansion to have an insignificant impact on our consolidated condensed statements of income for the second quarter of 2012.

Subsequent to the closing of the transaction in the second quarter of 2012, our known maximum exposure to loss is $656 million, whichapproximated the carrying value of our investment balance in IMFT. Except for the amount due to IMFT for product purchases and services, we did not have any additional liabilities recognized on our consolidated condensed balance sheets in connection with our interests in these joint ventures as of March 31, 2012. In addition, 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. Finally, as 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.

Under the accounting standards for consolidating variable interest entities, the consolidating investor is the entity with the power to direct the activities of the venture that most significantly impact the venture's economic performance and with the obligation to absorb losses or the right to receive benefits from the venture that could potentially be significant to the venture. We have determined that we do not have both of these characteristics and, therefore, we account for our interest in IMFT and our previous interest in IMFS using the equity method of accounting.

XML

Operating Segment Information (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2012	Apr. 02, 2011
Schedule Of Segment Reporting Information and Geographic Revenue Information [Abstract]
Net revenue	$ 12,906	$ 12,847
Operating income (loss)	3,810	4,158
PC Client Group [Member]
Schedule Of Segment Reporting Information and Geographic Revenue Information [Abstract]
Net revenue	8,451	8,621
Operating income (loss)	3,483	3,543
Data Center Group [Member]
Schedule Of Segment Reporting Information and Geographic Revenue Information [Abstract]
Net revenue	2,453	2,464
Operating income (loss)	1,143	1,222
Other Intel Architecture Operating Segments [Member]
Schedule Of Segment Reporting Information and Geographic Revenue Information [Abstract]
Net revenue	1,075	1,149
Operating income (loss)	(312)	(36)
Software and Services Operating Segments [Member]
Schedule Of Segment Reporting Information and Geographic Revenue Information [Abstract]
Net revenue	571	240
Operating income (loss)	7	(52)
All Other [Member]
Schedule Of Segment Reporting Information and Geographic Revenue Information [Abstract]
Net revenue	356	373
Operating income (loss)	$ (511)	$ (519)

XML

Derivative Financial Instruments

3 Months Ended

Mar. 31, 2012

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 and commodity price risk. We currently do not hold derivative instruments for the purpose of managing credit risk since we limit the amount of credit exposure to any one counterparty and generally enter into derivative transactions with high-credit-quality counterparties. We also enter into master netting arrangements with counterparties when possible 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. For presentation on our consolidated condensed balance sheets, we do not offset fair value amounts recognized for derivative instruments under master netting arrangements.

Currency Exchange Rate Risk

We are exposed to currency exchange rate risk and generally hedge our exposures with currency forward contracts, currency interest rate swaps, or currency options. Substantially all of our revenue is transacted in U.S. dollars. However, a significant amount of our operating expenditures and capital purchases are incurred in or exposed to other currencies, primarily the Japanese yen, the euro, and the Israeli shekel. We have established balance sheet and forecasted transaction currency risk management programs to protect against fluctuations in fair value and the volatility of the functional currency equivalent of future cash flows caused by changes in exchange rates. Our non-U.S.-dollar-denominated investments in debt instruments and loans receivable are generally hedged with offsetting currency forward contracts or currency interest rate swaps. These programs reduce, but do not entirely 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. These instruments generally mature within 12 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 reclassify it into earnings in the same period or periods in which the hedged transaction affects earnings, and in the same line item on the consolidated condensed statements of income as the impact of the hedged transaction.
• Currency derivatives without hedge accounting designation that utilize currency forward contracts or currency interest rate swaps to economically hedge the functional currency equivalent cash flows of recognized monetary assets and liabilities, non-U.S.-dollar-denominated debt instruments classified as trading assets, and hedges of non-U.S.-dollar-denominated loans receivable recognized at fair value. The majority of these instruments mature within 12 months. Changes in the functional currency equivalent cash flows of the underlying assets and liabilities are approximately offset by the changes in fair values 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. These swaps are settled at various interest payment times involving cash payments at each interest and principal payment date, with the majority of the contracts having quarterly payments.

Our interest rate risk management programs include:

• Interest rate derivatives with cash flow hedge accounting designation that utilize interest rate swap agreements to modify the interest characteristics of debt instruments. For these derivatives, we report the after-tax gain or loss from the effective portion of the hedge as a component of accumulated other comprehensive income (loss) and 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 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 are reset on a quarterly basis. Changes in fair value of the debt instruments classified as trading assets and hedges of loans receivable recognized at fair valueare generally offset by changes in fair value of the related derivatives, both of which are recorded in interest and other, net.

Equity Market Risk

Our marketable investments include marketable equity securities and equity derivative instruments. To the extent that our marketable equity securities have strategic value, we typically do not attempt to reduce or eliminate our equity market exposure through hedging activities. We may enter into transactions to reduce or eliminate the equity market risks for our investments in strategic equity derivative instruments. For securities that we no longer consider strategic, we evaluate legal, market, and economic factors in our decision on the timing of disposal and whether it is possible and appropriate to hedge the equity market risk. Our equity market risk management program includes equity derivatives 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 gains and losses on the related liabilities, both of which are recorded in cost of sales and operating expenses.

Commodity Price Risk

We operate facilities that consume commodities, and have established forecasted transaction risk management programs to protect against fluctuations in fair value and the volatility of future cash flows caused by changes in commodity prices, such as those for natural gas. These programs reduce, but do not always entirely eliminate, the impact of commodity price movements.

Our commodity price risk management program includes commodityderivatives with cash flow hedge accounting designationthat utilizecommodity swap contracts to hedge future cash flow exposures to the variability in commodity prices. These instruments generally mature within 12 months. For these derivatives, we report the after-tax gain (loss) from the effective portion of the hedge as a component of accumulated other comprehensive income (loss) and 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.

Volume of Derivative Activity

Total gross notional amounts for outstanding derivatives (recorded at fair value) were as follows:

	March 31,		Dec. 31,		April 2,
(In Millions)	2012		2011		2011
Currency forwards	$	11,116	$	11,203	$	8,123
Embedded debt derivatives		3,600		3,600		3,600
Currency interest rate swaps		1,812		1,650		1,690
Interest rate swaps		1,689		1,837		2,159
Total return swaps		821		761		649
Equity options		50		54		496
Other		101		128		128
Total	$	19,189	$	19,233	$	16,845

The gross notional amounts for currency forwards and currency interest rate swaps (presented by currency) were as follows:

	March 31,		Dec. 31,		April 2,
(In Millions)	2012		2011		2011
Japanese yen	$	4,040	$	3,477	$	3,047
Euro		3,553		3,904		4,035
Israeli shekel		1,823		2,168		1,199
Malaysian ringgit		914		805		336
Chinese yuan		803		688		341
British pound sterling		523		459		317
Other		1,272		1,352		538
Total	$	12,928	$	12,853	$	9,813

Fair Values of Derivative Instruments in the Consolidated Condensed Balance Sheets

The fair values of our derivative instruments as of March 31, 2012 and December 31, 2011 were as follows:

		March 31, 2012								December 31, 2011
		Other		Other		Other		Other		Other		Other		Other		Other
		Current		Long-Term		Accrued		Long-Term		Current		Long-Term		Accrued		Long-Term
(In Millions)		Assets		Assets		Liabilities		Liabilities		Assets		Assets		Liabilities		Liabilities
Derivatives designated as
	hedging instruments
Currency forwards		$	26	$	1	$	183	$	17	$	61	$	—	$	170	$	7
Other			—		—		1		—		—		—		1		—
Total derivatives designated as
	hedging instruments	$	26	$	1	$	184	$	17	$	61	$	—	$	171	$	7
Derivatives not designated as
	hedging instruments
Currency forwards		$	55	$	—	$	29	$	—	$	54	$	—	$	34	$	—
Interest rate swaps			—		—		54		—		3		—		63		—
Currency interest rate swaps			27		23		8		13		41		33		11		10
Embedded debt derivatives			—		—		—		10		—		—		—		10
Total return swaps			5		—		—		—		7		—		—		—
Equity options			—		6		9		—		—		6		9		—
Other			—		22		—		—		—		24		—		—
Total derivatives not designated
	as hedging instruments	$	87	$	51	$	100	$	23	$	105	$	63	$	117	$	20
Total derivatives		$	113	$	52	$	284	$	40	$	166	$	63	$	288	$	27

Derivatives in Cash Flow Hedging Relationships

The before-tax effects of derivative instruments in cash flow hedging relationships for the three months endedMarch 31, 2012 and April 2, 2011 were as follows:

	Gains (Losses) Recognized
	in OCI on Derivatives				Gains (Losses) Reclassified from Accumulated OCI into
	(Effective Portion)				Income by Derivative Instrument Type (Effective Portion)
(In Millions)	Q1 2012		Q1 2011		Location	Q1 2012		Q1 2011
Currency forwards	$	(74)	$	201	Cost of sales	$	15	$	34
					Research and development		(21)		8
					Marketing, general and administrative		(5)		5
Other		—		3	Cost of sales		(1)		1
Total	$	(74)	$	204		$	(12)	$	48

Gains and losses on derivative instruments in cash flow hedging relationships related to hedge ineffectiveness and amounts excluded from effectiveness testing were insignificant during all periods presented in the preceding tables. We estimate that we will reclassify approximately $55 million (before taxes) of net derivative lossesincluded in accumulated other comprehensive income (loss) into earnings within the next 12 months. For all periods presented, there was aninsignificant impact on results of operations from discontinued cash flow hedges as a result of forecasted transactions that were not probable to occur.

Derivatives Not Designated as Hedging Instruments

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

		Three Months Ended
	Location of Gains (Losses)	March 31,		April 2,
(In Millions)	Recognized in Income on Derivatives	2012		2011
Currency forwards	Interest and other, net	$	15	$	14
Interest rate swaps	Interest and other, net		30		(1)
Currency interest rate swaps	Interest and other, net		(56)		(110)
Total return swaps	Various		59		23
Equity options	Gains (losses) on equity investments, net		—		(117)
Other	Gains (losses) on equity investments, net		(2)		2
Total		$	46	$	(189)

XML

Other Long-Term Assets

3 Months Ended

Mar. 31, 2012

Other Long-Term Assets [Abstract]

Other Long-Term Assets [Text Block]

Note 8: Other Long-Term Assets

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

	March 31,		Dec. 31,
(In Millions)	2012		2011
Equity method investments	$	1,602	$	1,669
Non-marketable cost method investments		1,116		1,129
Non-current deferred tax assets		314		335
Loans receivable		747		715
Other		821		800
Total other long-term assets	$	4,600	$	4,648

XML

Gains (Losses) on Equity Investments, Net

3 Months Ended

Mar. 31, 2012

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

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

Note 10: Gains (Losses) on Equity Investments, Net

Gains (losses) on equity investments, net included:

	Three Months Ended
	March 31,		April 2,
(In Millions)	2012		2011
Share of equity method investee losses, net	$	(19)	$	(62)
Impairment charges		(59)		(14)
Gains on sales, net		30		45
Other, net		29		59
Total gains (losses) on equity investments, net	$	(19)	$	28

XML

Interest and Other, Net (Tables)

3 Months Ended

Mar. 31, 2012

Interest and Other, Net (Tables) [Abstract]

Interest And Other, Net [Table Text Block]

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

	Three Months Ended
	March 31,		April 2,
(In Millions)	2012		2011
Interest income	$	28	$	28
Interest expense		(31)		(6)
Other, net		26		163
Total interest and other, net	$	23	$	185

XML

Acquisitions (Detail) (Series of Individually Immaterial Business Acquisitions [Member], USD $) In Millions, unless otherwise specified	Mar. 31, 2012
Series of Individually Immaterial Business Acquisitions [Member]
Acquisitions [Abstract]
Business Combinations During Period, Consideration Transferred	$ 176

XML

Deferred Income

3 Months Ended

Mar. 31, 2012

Deferred Income [Abstract]

Deferred Income [Text Block]

Note 15: Deferred Income

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

	March 31,		Dec. 31,
(In Millions)	2012		2011
Deferred income on shipments of components to distributors	$	814	$	751
Deferred income from software and services operating segments		1,187		1,178
Current deferred income	$	2,001	$	1,929
Non-current deferred income from software and services operating segments		436		460
Total deferred income	$	2,437	$	2,389

We classify non-current deferred income from the software and services operating segmentsin other long-term liabilities.

XML

Contingencies

3 Months Ended

Mar. 31, 2012

Contingencies [Abstract]

Contingencies Disclosure [Text Block]

Note 20: Contingencies

Legal Proceedings

We are currently a party to various legal proceedings, including those noted in this section. While management presently believes that the ultimate outcome of these proceedings, individually and in the aggregate, will not materially harm the company's financial position, results of operations, cash flows, or overall trends, legal proceedings and related government investigations are subject to inherent uncertainties, and unfavorable rulings or other events could occur. Unfavorable resolutions could include substantial monetary damages, and in matters for which injunctive relief or other conduct remedies are sought, an injunction or other order prohibiting us from selling one or more products at all or in particular ways, precluding particular business practices, or requiring other remedies such as compulsory licensing of intellectual property rights (IP). Were unfavorable final outcomes to occur, there exists the possibility of a material adverse impact on our business, results of operations, financial position, and overall trends. It is also possible that we could conclude it is in the best interests of our stockholders, employees, and customers to settle one or more such matters, and any such settlement could include substantial payments; however, we have not reached this conclusion with respect to any particular matter at this time.

A number of proceedings generally have challenged and continue to challenge certain of our competitive practices. The allegations in these proceedings vary and are described in more detail in the following paragraphs, but in general contend that we improperly condition price rebates and other discounts on our microprocessors on exclusive or near-exclusive dealing by some of our customers; claim that our software compiler business unfairly prefers Intel microprocessors over competing microprocessors and that, through the use of our compiler and other means, we have caused inaccurate and misleading benchmark results concerning our microprocessors to be disseminated; allege that we unfairly controlled the content and timing of release of various standard computer interfaces developed by Intel in cooperation with other industry participants; and accuse us of engaging in various acts of improper competitive activity in competing against what is referred to as general-purpose graphics processing units, including certain licensing practices and our actions in connection with developing and disclosing potentially competitive technology.

We believe that we compete lawfully and that our marketing, business, IP, and other challenged practices benefit our customers and our stockholders, and we will continue to conduct a vigorous defense in these proceedings. While we have settled some of these matters, the distractions caused by challenges to our conduct from the remaining matters are undesirable, and the legal and other costs associated with defending and resolving our position have been and continue to be significant. We assume that these challenges could continue for a number of years and may require the investment of substantial additional management time and substantial financial resources to explain and defend our position.

Government Competition Matters and Related 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 have received numerous requests for information and documents from the EC, and we have responded to each of those requests. The EC issued a Statement of Objections in July 2007 and held a hearing on that Statement in March 2008. The EC issued a Supplemental Statement of Objections in July 2008.

In May 2009, the EC issued a decision finding that we had violated Article 82 of the EC Treaty and Article 54 of the European Economic Area Agreement. In general, the EC found that we violated Article 82 (later renumbered as Article 102 by a new treaty) by offering alleged “conditional rebates and payments” that required our customers to purchase all or most of their x86 microprocessors from us. The EC also found that we violated Article 82 by making alleged “payments to prevent sales of specific rival products.” The EC imposed a fine in the amount of €1.06 billion ($1.447 billion as of May 2009), which we subsequently paid during the third quarter of 2009, and also ordered us to “immediately bring to an end the infringement referred to in” the EC decision. In the second quarter of 2009, we recorded the related charge within marketing, general and administrative. We strongly disagree with the EC's decision, and we appealed the decision to the Court of First Instance (which has been renamed the General Court) in July 2009. A hearing of Intel's appeal has been set to commence in July 2012. The court's decision, after oral argument, is expected in late 2012 or early 2013.

The EC decision exceeds 500 pages and does not contain specific direction on whether or how we should modify our business practices. Instead, the decision states that we should “cease and desist” from further conduct that, in the EC's opinion, would violate applicable law. We have taken steps, which are subject to the EC's ongoing review, to comply with that decision pending appeal. We opened discussions with the EC to better understand the decision and to explain changes to our business practices. Based on our current understanding and expectations, we do not believe that any such changes will be material to our financial position, results, or cash flows.

In June 2005, we received an inquiry from the Korea Fair Trade Commission (KFTC) requesting documents from our Korean subsidiary related to marketing and rebate programs that we entered into with Korean PC manufacturers. In February 2006, the KFTC initiated an inspection of documents at our offices in Korea. In September 2007, the KFTC served on us an Examination Report alleging that sales to two customers during parts of 2002–2005 violated Korea's Monopoly Regulation and Fair Trade Act. In December 2007, we submitted our written response to the KFTC. In February 2008, the KFTC's examiner submitted a written reply to our response. In March 2008, we submitted a further response. In April 2008, we participated in a pre-hearing conference before the KFTC, and we participated in formal hearings in May and June 2008. In June 2008, the KFTC announced its intent to fine us approximately $25 million for providing discounts to Samsung Electronics Co., Ltd. and TriGem Computer Inc. In November 2008, the KFTC issued a final written decision concluding that our discounts had violated Korean antitrust law and imposing a fine on us of approximately $20 million, which we paid in January 2009. In December 2008, we appealed this decision by filing a lawsuit in the Seoul High Court seeking to overturn the KFTC's decision. We expect a decision from the court in 2012.

At least 82 separate class actions have been filed in the U.S. District Courts for the Northern District of California, Southern District of California, District of Idaho, District of Nebraska, District of New Mexico, District of Maine, and District of Delaware, as well as in various California, Kansas, and Tennessee state courts. These actions generally repeat the allegations made in a now-settled lawsuit filed against Intel by AMD in June 2005 in the U.S. District Court for the District of Delaware (AMD litigation). Like the AMD litigation, these class-action suits allege that Intel engaged in various actions in violation of the Sherman Act and other laws by, among other things, providing discounts and rebates to our manufacturer and distributor customers conditioned on exclusive or near-exclusive dealings that allegedly unfairly interfered with AMD's ability to sell its microprocessors, interfering with certain AMD product launches, and interfering with AMD's participation in certain industry standards-setting groups. The class actions allege various consumer injuries, including that consumers in various states have been injured by paying higher prices for computers containing our microprocessors. We dispute the class-action claims and intend to defend the lawsuits vigorously.

All of the federal class actions and the Kansas and Tennessee state court class actions have been transferred by the Multidistrict Litigation Panel to the U.S. District Court in Delaware for all pre-trial proceedings and discovery (MDL proceedings). The Delaware district court has appointed a Special Master to address issues in the MDL proceedings, as assigned by the court. In January 2010, the plaintiffs in the Delaware action filed a motion for sanctions for our alleged failure to preserve evidence. This motion largely copies a motion previously filed by AMD in the AMD litigation, which has settled. The plaintiffs in the MDL proceedings also moved for certification of a class of members who purchased certain PCs containing products sold by Intel. In July 2010, the Special Master issued a Report and Recommendation (Class Report) denying the motion to certify a class. The MDL plaintiffs filed objections to the Special Master's Class Report, and a hearing on these objections was held in March 2011. The Delaware district court has not yet ruled on those objections. All California class actions have been consolidated in the Superior Court of California in Santa Clara County. The plaintiffs in the California actions have moved for class certification, which we are in the process of opposing. At our request, the court in the California actions has agreed to delay ruling on this motion until after the Delaware district court rules on the similar motion in the MDL proceedings. Based on the procedural posture and the nature of the cases, including, but not limited to, the fact that the Special Master's Class Report is on review in the Delaware district court, we are unable to make a reasonable estimate of the potential loss or range of losses, if any, arising from these matters.

Lehman Matter

In November 2009, representatives of the Lehman Brothers OTC Derivatives Inc. (LOTC) bankruptcy estate advised us informally that the estate was considering a claim against us arising from a 2008 contract between Intel and LOTC. Under the terms of the 2008 contract, Intel prepaid $1.0 billion to LOTC, in exchange for which LOTC was required to purchase and deliver to Intel the number of shares of Intel common stock that could be purchased for $1.0 billion at the discounted volume-weighted average price specified in the contract for the period September 2, 2008 to September 26, 2008. LOTC's performance under the contract was secured by $1.0 billion of cash collateral. Under the terms of the contract, LOTC was obligated to deliver approximately 50 million shares of our common stock to us on September 29, 2008. LOTC failed to deliver any shares of our common stock, and we exercised our right to setoff against the $1.0 billion collateral. LOTC has not initiated any action against us to date, but in February 2010, LOTC served a subpoena on us in connection with this transaction. In October 2010, LOTC demanded that Intel pay it at least $417 million. In September 2010, we entered into an agreement with LOTC that tolled any applicable statutes of limitations for 90 days and precluded the parties from commencing any formal proceedings to prosecute any claims against each other in any forum during that period. The tolling agreement with LOTC was extended several times, but lapsed in June 2011. We continue to believe that we acted appropriately under our agreement with LOTC, and we intend to defend any claim to the contrary. No complaint has been filed and we are in the early stages of evaluating this dispute, and accordingly are unable to make a reasonable estimate of the potential loss or range of losses, if any, arising from this matter.

XML

Gains (Losses) on Equity Investments, Net (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2012	Apr. 02, 2011
Gains (Losses) on Equity Investments, Net Detail [Abstract]
Share of equity method investee losses, net	$ (19)	$ (62)
Impairment charges	(59)	(14)
Other, net	29	59
Total gains (losses) on equity investments, net	(19)	28
Equity Investments [Member]
Gains (Losses) on Equity Investments, Net Detail [Abstract]
Gains on sales, net	$ 30	$ 45

XML

Operating Segment Information (Tables)

3 Months Ended

Mar. 31, 2012

Operating Segment Information (Tables) [Abstract]

Schedule of Segment Reporting Information, by Segment [Table Text Block]

Segment information is summarized as follows:

			Three Months Ended
			March 31,		April 2,
(In Millions)			2012		2011
Net revenue
	PC Client Group		$	8,451	$	8,621
	Data Center Group			2,453		2,464
	Other Intel architecture operating segments			1,075		1,149
	Software and services operating segments			571		240
	All other			356		373
		Total net revenue	$	12,906	$	12,847
Operating income (loss)
	PC Client Group		$	3,483	$	3,543
	Data Center Group			1,143		1,222
	Other Intel architecture operating segments			(312)		(36)
	Software and services operating segments			7		(52)
	All other			(511)		(519)
		Total operating income	$	3,810	$	4,158

XML

Consolidated Condensed Balance Sheets (Parenthetical) (USD $) In Millions, unless otherwise specified	Mar. 31, 2012	Dec. 31, 2011
Current assets:
Accumulated depreciation	$ 35,575	$ 34,446
Stockholders' equity:
Common stock, shares issued	5,006	5,000
Common stock, shares outstanding	5,006	5,000

XML

Trading Assets

3 Months Ended

Mar. 31, 2012

Trading Assets [Abstract]

Trading Assets [Text Block]

Note 4: Trading Assets

As of March 31, 2012 and December 31, 2011, trading assets were comprised of marketable debt instruments. Net lossesrelated to trading assets still held at the reporting date were $20 million in the first quarter of 2012 (net gains of $61 million in the first quarter of 2011). Net gains on the related derivatives were $28 million in the first quarter of 2012 (net losses of $50 million in the first quarter of 2011).

Net gains on marketable equity securities classified as trading assets still held at April 2, 2011, excluding the impacts of the related derivatives, were $144 million in the first quarter of 2011.

XML

Comprehensive Income (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2012	Apr. 02, 2011	Dec. 31, 2011
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated net unrealized holding gain (loss) on available-for-sale investments	$ 397		$ 231
Accumulated net deferred tax asset valuation allowance	104		104
Accumulated net unrealized holding gain (loss) on derivatives	(26)		8
Accumulated net prior service costs	(31)		(32)
Accumulated net actuarial losses	(934)		(950)
Accumulated net foreign currency translation adjustment	(114)		(142)
Total accumulated other comprehensive income (loss)	(604)		(781)
Components Of Total Comprehensive Income (Loss) [Abstract]
Change in net unrealized holding gain (loss) on available-for-sale investments	166	(5)
Change in net deferred tax asset valuation allowance	0	(15)
Change in net unrealized holding gain (loss) on derivatives	(34)	112
Change in net prior service costs	1	0
Change in net actuarial losses	16	(7)
Change in net foreign currency translation adjustment	28	63
Other comprehensive income	$ 177	$ 148

XML

Operating Segment Information

3 Months Ended

Mar. 31, 2012

Operating Segment Information [Abstract]

Operating Segment Information [Text Block]

Note 21: Operating Segment Information

Our operating segments in effect as of March 31, 2012 include:

• PC Client Group
• Data Center Group
• Other Intel architecture operating segments
• Intel Mobile Communications
• Intelligent Systems Group
• Netbook and Tablet Group
• Ultra-Mobility Group
• Software and services operating segments
• McAfee
• Wind River Software Group
• Software and Services Group
• All Other
• Non-Volatile Memory Solutions Group

  We are reorganizing our smartphone, tablet, and mobile communication businesses within other Intel architecture operating segments to enable us to move faster and with greater collaboration and synergies in the market segment for mobile devices. The other Intel architecture operating segments will also continue to include our embedded and netbook businesses. We are currently in the process of making these changes to our organization and our systems. Given the scope of the business lines being impacted, this reorganization is expected to be completed in the second quarter of 2012 and reported in our earnings release Form 8-K for the quarter ended June 30, 2012.

  The Chief Operating Decision Maker (CODM) is our President and 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).

  Our PC Client Group and our Data Center Group are reportable operating segments. We also aggregate and disclose the financial results of ournon-reportable operating segments within “other Intel architecture operating segments” and “software and services operating segments” as shown in the above operating segments list. Each of these aggregated operating segments does not meet the quantitative thresholds to qualify as reportable operating segments; however, we have elected to disclose the aggregation of these non-reportable operating segments. Revenue for our reportable and aggregated non-reportable operating segments is primarily related to the following product lines:

• PC Client Group. Includes platforms designed for the notebook and desktop (including high-end enthusiast PCs) market segments; and wireless connectivity products.
• Data Center Group. Includes platforms designed for the server, workstation, and storage computing market segments; and wired network connectivity products.
• Other Intel architecture operating segments.Includes mobile phone components such as baseband processors, radio frequency transceivers, and power management chips; platforms designed for embedded applications; platforms for the netbook and tablet market segments; and products designed for the smartphone market segment.
• Software and services operating segments.Includes software products for endpoint security, network and content security, risk and compliance, and consumer and mobile security from our McAfee business; software optimized products for the embedded and mobile market segments; and software products and services that promote Intel® architecture as the platform of choice for software development.

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

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

• results of operations from our Non-Volatile Memory Solutions Group that includes NAND flash memory products for use in a variety of devices;
• a portion of profit-dependent compensation and other expenses not allocated to the operating segments;
• results of operations of seed businesses that support our initiatives; 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.

Segment information is summarized as follows:

			Three Months Ended
			March 31,		April 2,
(In Millions)			2012		2011
Net revenue
	PC Client Group		$	8,451	$	8,621
	Data Center Group			2,453		2,464
	Other Intel architecture operating segments			1,075		1,149
	Software and services operating segments			571		240
	All other			356		373
		Total net revenue	$	12,906	$	12,847
Operating income (loss)
	PC Client Group		$	3,483	$	3,543
	Data Center Group			1,143		1,222
	Other Intel architecture operating segments			(312)		(36)
	Software and services operating segments			7		(52)
	All other			(511)		(519)
		Total operating income	$	3,810	$	4,158

XML

Employee Equity Incentive Plans (Tables)

3 Months Ended

Mar. 31, 2012

Employee Equity Incentive Plans (Tables) [Abstract]

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

Activity with respect to outstanding restricted stock units (RSUs) for the first quarterof 2012was as follows:

		Weighted
		Average
	Number of	Grant-Date
(In Millions, Except Per RSU Amounts)	RSUs	Fair Value
December 31, 2011	107.0	$	19.18
Granted	4.6	$	27.36
Vested	(2.7)	$	19.96
Forfeited	(1.3)	$	19.26
March 31, 2012	107.6	$	19.51

Stock Options Activity [Table Text Block]

Activity with respect to outstanding stock options for the first quarter of 2012 was as follows:

			Weighted
		Number of	Average
(In Millions, Except Per Option Amounts)		Options	Exercise Price
December 31, 2011		298.3	$	20.12
Granted		3.8	$	26.79
Exercised		(50.1)	$	20.90
Cancelled and forfeited		(1.4)	$	21.34
Expired		(0.9)	$	30.01
March 31, 2012		249.7	$	20.02
Options exercisable as of:
	December 31, 2011	203.6	$	20.44
	March 31, 2012	155.5	$	20.21

XML

Identified Intangible Assets

3 Months Ended

Mar. 31, 2012

Intangible Assets, Net (Excluding Goodwill) [Abstract]

Identified Intangible Assets [Text Block]

Note 14: Identified Intangible Assets

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

	March 31, 2012
			Accumulated
(In Millions)	Gross Assets		Amortization		Net
Acquisition-related developed technology	$	2,633	$	(693)	$	1,940
Acquisition-related customer relationships		1,714		(331)		1,383
Acquisition-related trade names		68		(24)		44
Licensed technology		2,398		(755)		1,643
Identified intangible assets subject to amortization	$	6,813	$	(1,803)	$	5,010
Acquisition-related trade names		810		—		810
Other intangible assets		244		—		244
Identified intangible assets not subject to amortization	$	1,054	$	—	$	1,054
Total identified intangible assets	$	7,867	$	(1,803)	$	6,064
	December 31, 2011
			Accumulated
(In Millions)	Gross Assets		Amortization		Net
Acquisition-related developed technology	$	2,615	$	(570)	$	2,045
Acquisition-related customer relationships		1,714		(254)		1,460
Acquisition-related trade names		68		(21)		47
Licensed technology		2,395		(707)		1,688
Identified intangible assets subject to amortization	$	6,792	$	(1,552)	$	5,240
Acquisition-related trade names		806		—		806
Other intangible assets		221		—		221
Identified intangible assets not subject to amortization	$	1,027	$	—	$	1,027
Total identified intangible assets	$	7,819	$	(1,552)	$	6,267

For identified intangible assets that are subject to amortization, we recorded amortization expense on the consolidated condensed statements of income as follows: substantially all amortization of acquisition-related developed technology and licensed technology is included in cost of sales, and amortization of acquisition-related customer relationships and trade names is included in amortization of acquisition-related intangibles.

Amortization expenses for the periods indicated were as follows:

	Three Months Ended
	March 31,		April 2,
(In Millions)	2012		2011
Acquisition-related developed technology	$	137	$	73
Acquisition-related customer relationships	$	78	$	34
Acquisition-related trade names	$	3	$	2
Licensed technology	$	48	$	46

Based on the identified intangible assets that are subject to amortization as of March 31, 2012, we expect future amortization expense to be as follows:

	Remainder
(In Millions)	of 2012		2013		2014		2015		2016
Acquisition-related developed technology	$	410	$	534	$	512	$	242	$	155
Acquisition-related customer relationships	$	220	$	275	$	262	$	244	$	226
Acquisition-related trade names	$	9	$	11	$	10	$	10	$	4
Licensed technology	$	134	$	165	$	154	$	136	$	121