Intel 2004 Annual Report Download - page 67

Download and view the complete annual report

Please find page 67 of the 2004 Intel annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 111

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111

Table of Contents
INTEL CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Note 8: Interest and Other, Net
The components of interest and other, net were as follows:
During 2004, the company recognized approximately $60 million of gains in other, net associated with terminating financing
arrangements for manufacturing facilities and equipment in Ireland (see “Note 5: Borrowings”).
Note 9: Comprehensive Income
The components of other comprehensive income and related tax effects were as follows:
The components of accumulated other comprehensive income, net of tax, were as follows:
61
(In Millions)
2004
2003
2002
Interest income
$
301
$
248
$
298
Interest expense
(50
)
(62
)
(84
)
Other, net
38
6
(20
)
Total
$
289
$
192
$
194
(In Millions)
2004
2003
2002
Net income
$
7,516
$
5,641
$
3,117
Change in net unrealized holding gain on investments, net of tax of $(17), $(18) and $24 in 2004,
2003 and 2002, respectively
31
33
(44
)
Less: adjustment for net realized gain or loss on investments included in net income, net of tax of
$15, $5 and $(14) in 2004, 2003 and 2002, respectively
(29
)
(11
)
25
Change in net unrealized holding gain on derivatives, net of tax of $(34), $(15) and $(23) in 2004,
2003 and 2002, respectively
63
27
43
Less: adjustment for amortization of net gain on derivatives included in net income, net of tax of
$4 in 2004
(8
)
(1
)
—
Minimum pension liability, net of tax of $(2) and $2 in 2003 and 2002, respectively
(1
)
5
(6
)
Total
$
7,572
$
5,694
$
3,135
(In Millions)
2004
2003
Accumulated net unrealized holding gain on available
-
for
-
sale investments
$
37
$
35
Accumulated net unrealized holding gain on derivatives
117
62
Accumulated minimum pension liability
(2
)
(1
)
Total accumulated other comprehensive income
$
152
$
96