Intel 2009 Annual Report Download - page 26

Table of Contents
Changes in our effective tax rate may harm our results of operations.
A number of factors may increase our future effective tax rates, including:
Any significant increase in our future effective tax rates could reduce net income for future periods.
Interest and other, net could be harmed by macroeconomic and other factors.
Factors that could cause interest and other, net in our consolidated statements of operations to fluctuate include:
Not applicable.
As of December 26, 2009, our major facilities consisted of:
Our principal executive offices are located in the U.S. The majority of our wafer fabrication activities are also located in the
U.S. Outside the U.S., we have wafer fabrication at our facilities in Ireland and Israel. In addition, we are building a new wafer
fabrication facility in China that is expected to begin production in late 2010 or early 2011. Our assembly and test facilities are
located in Malaysia, China, and Costa Rica. We are building a new assembly and test facility in Vietnam that is expected to
begin production in the second half of 2010. In addition, we have sales and marketing offices worldwide. These facilities are
generally located near major concentrations of users.
With the exception of certain facilities placed for sale and/or
facilities included in our restructuring actions, we believe that our
facilities detailed above are suitable and adequate for our present purposes (see “Note 19: Restructuring and Asset Impairment
Charges” in Part II, Item 8 of this Form 10-K). Additionally, the productive capacity in our facilities is substantially being
utilized or we have plans to utilize it.
We do not identify or allocate assets by operating segment. For information on net property, plant and equipment by country,
see “Note 29: Operating Segment and Geographic Information” in Part II, Item 8 of this Form 10-K.
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•
the jurisdictions in which profits are determined to be earned and taxed;
•
the resolution of issues arising from tax audits with various tax authorities;
•
changes in the valuation of our deferred tax assets and liabilities, and changes in deferred tax valuation allowances;
•
adjustments to income taxes upon finalization of various tax returns;
• increases in expenses not deductible for tax purposes, including write-offs of acquired in-process research and
development and impairments of goodwill in connection with acquisitions;
•
changes in available tax credits;
• changes in tax laws or the interpretation of such tax laws, and changes in U.S. generally accepted accounting
principles; and
•
our decision to repatriate
non
-
U.S.
earnings for which we have not previously provided for U.S. taxes.
•
fixed
-
income, equity, and credit market volatility;
•
fluctuations in foreign currency exchange rates;
•
fluctuations in interest rates;
•
changes in our cash and investment balances; and
•
changes in our hedge accounting treatment.
ITEM 1B.
UNRESOLVED STAFF COMMENTS
ITEM 2. PROPERTIES
(Square Feet in Millions)
United States
Other Countries
Total
Owned facilities
1
25.8
18.7
44.5
Leased facilities
2
1.7
2.8
4.5
Total facilities
27.5
21.5
49.0
1
Leases on portions of the land used for these facilities expire at varying dates through 2062.
2
Leases expire at varying dates through 2028 and generally include renewals at our option.