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Table of Contents
INTEL CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
The tables below present reconciliations for all assets and liabilities measured and recorded at fair value on a recurring basis,
excluding accrued interest components, using significant unobservable inputs (Level 3) for 2009 and 2008:
64
Fair Value Measured and Recorded Using
Significant Unobservable Inputs (Level 3)
Government
Corporate
Asset-
Backed
Derivative
Derivative
Long-
Term
Total Gains
(In Millions)
Bonds
Bonds
Securities
Assets
Liabilities
Debt
(Losses)
Balance as of December 27, 2008
$
—
$
555
$
1,083
$
$
(25
)
$
(122
)
Total gains or losses (realized and
unrealized):
Included in earnings
1
—
4
(2
)
18
(1
)
44
Included in other comprehensive income
(loss)
1
—
—
—
57
Purchases, sales, issuances, and settlements,
net
300
279
(374
)
—
—
Transfers in and/or out of Level 3
(301
)
2
(505
)
2
—
—
(
58
)
—
Balance as of December 26, 2009
$
—
$
369
$
754
$
$
(65
)
$
(123
)
Changes in unrealized gains or losses
included in earnings related to assets and
liabilities still held as of December 26,
2009
1
$
—
$
—
$
$
—
$
18
$
(1
)
$
70
1
Gains and losses (realized and unrealized) included in earnings are primarily reported in interest and other, net on the
consolidated statements of operations.
2
Transferred from Level 3 to Level 2 due to a greater availability of observable market data and/or non-binding market
consensus prices to value or corroborate the value of these instruments.
Fair Value Measured and Recorded Using
Significant Unobservable Inputs (Level 3)
Corporate
Asset
-
Backed
Derivative
Derivative
Long
-
Term
Total Gains
(In Millions)
Bonds
Securities
Assets
Liabilities
Debt
(Losses)
Balance as of December 29, 2007
$
733
$
1,840
$
18
$
(15
)
$
(125
)
Total gains or losses (realized and unrealized):
Included in earnings
1
3
(108
)
4
(13
)
3
(111
)
Included in other comprehensive income (loss)
(26
)
(23
)
—
—
—
(
49
)
Purchases, sales, issuances, and settlements, net
526
(626
)
(10
)
3
—
Transfers in and/or out of Level 3
(681
)
2
—
3
—
—
Balance as of December 27, 2008
$
555
$
1,083
$
15
$
(25
)
$
(122
)
Changes in unrealized gains or losses included in
earnings related to assets and liabilities still held as of
December 27, 2008
1
$
3
$
(108
)
$
4
$
(13
)
$
3
$
(111
)
1
Gains and losses (realized and unrealized) included in earnings are primarily reported in interest and other, net on the
consolidated statements of operations.
2
Transferred from Level 3 to Level 2 due to a greater availability of observable market data and/or non-binding market
consensus prices to value or corroborate the value of these instruments.