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Table of Contents
INTEL CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Long-term income taxes payable include uncertain tax positions, reduced by the associated federal deduction for state taxes
and non-U.S. tax credits, and may also include other long-term tax liabilities that are not uncertain but have not yet been paid.
The aggregate changes in the balance of gross unrecognized tax benefits were as follows:
During 2007, the U.S. Internal Revenue Service (IRS) closed its examination of our tax returns for the years 1999 through
2002, resolving issues related to the tax benefits for export sales as well as a number of other issues. Additionally, we reached
a settlement with the IRS for years 2003 through 2005 with respect to the tax benefits for export sales. In connection with the
$739 million settlement with the IRS, we reversed long-term income taxes payable, which resulted in a $276 million tax
benefit in 2007.
Also during 2007, we effectively settled with the IRS several other matters related to the audit for the 2003 and 2004 tax years,
despite the fact that the IRS audit for those years remains open. The result of effectively settling those positions and the
process of re-evaluating, based on all available information and certain required remeasurements, was a reduction of $389
million in the balance of our gross unrecognized tax benefits, $155 million of which resulted in a tax benefit in 2007.
During 2008, we reached a settlement with the IRS and certain state tax authorities related to prior years. The result of the
settlements and related remeasurements was a reduction of $154 million in the balance of our gross unrecognized tax benefits,
$103 million of which resulted in a tax benefit in 2008.
102
(In Millions)
Beginning balance as of December 31, 2006 (date of adoption)
$
1,896
Settlements and effective settlements with tax authorities and related remeasurements
(1,243
)
Increases in balances related to tax positions taken during prior periods
106
Decreases in balances related to tax positions taken during prior periods
(26
)
Increases in balances related to tax positions taken during current period
61
December 29, 2007
$
794
Settlements and effective settlements with tax authorities and related remeasurements
(154
)
Increases in balances related to tax positions taken during prior periods
72
Decreases in balances related to tax positions taken during prior periods
(84
)
Increases in balances related to tax positions taken during current period
116
December 27, 2008
$
744
Settlements and effective settlements with tax authorities and related remeasurements
(526
)
Increases in balances related to tax positions taken during prior periods
28
Decreases in balances related to tax positions taken during prior periods
(58
)
Increases in balances related to tax positions taken during current period
32
December 26, 2009
$
220