Analysis: Deferred Assets and Liabilities, Net

Entity Registrant Name Intel Corporation
CIK 0000050863
Accession number 0000050863-14-000020
Link to XBRL instance http://www.sec.gov/Archives/edgar/data/50863/000005086314000020/intc-20131228.xml
Fiscal year end --12-28
Fiscal year focus 2013
Fiscal period focus FY
Current balance sheet date 2013-12-28
Current year-to-date income statement start date 2012-12-30
Commentary Conforms with all rules.
Level 3 Text Block concept us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts for income tax purposes. Significant components of our deferred tax assets and liabilities at the end of each period were as follows:
(In Millions)
 
Dec 28,
2013
 
Dec 29,
2012
Deferred tax assets:
 
 
 
 
Accrued compensation and other benefits
 
$
1,047

 
$
1,125

Share-based compensation
 
564

 
638

Deferred income
 
672

 
637

Inventory
 
733

 
506

Unrealized losses on investments and derivatives
 
—

 
36

State credits and net operating losses
 
378

 
297

Other, net
 
654

 
654

Gross deferred tax assets
 
4,048

 
3,893

Valuation allowance
 
(456
)
 
(389
)
Total deferred tax assets
 
$
3,592

 
$
3,504

Deferred tax liabilities:
 
 
 
 
Property, plant and equipment
 
$
(2,023
)
 
$
(2,325
)
Licenses and intangibles
 
(687
)
 
(778
)
Convertible debt
 
(911
)
 
(856
)
Unrealized gains on investments and derivatives
 
(815
)
 
—

Investment in non-U.S. subsidiaries
 
(244
)
 
(213
)
Other, net
 
(281
)
 
(269
)
Total deferred tax liabilities
 
$
(4,961
)
 
$
(4,441
)
Net deferred tax assets (liabilities)
 
$
(1,369
)
 
$
(937
)
 
 
 
 
 
Reported as:
 
 
 
 
Current deferred tax assets
 
$
2,594

 
$
2,117

Non-current deferred tax assets
 
434

 
358

Non-current deferred tax liabilities
 
(4,397
)
 
(3,412
)
Net deferred tax assets (liabilities)
 
$
(1,369
)
 
$
(937
)

Level 4 Details Key Concepts: Deferred tax assets (liabilities)

Description Fact value US GAAP XBRL Concept
Deferred tax assets, gross 4,048,000,000 us-gaap:DeferredTaxAssetsGross
Valuation allowance -456,000,000 us-gaap:DeferredTaxAssetsValuationAllowance
Deferred tax assets, net 3,592,000,000 us-gaap:DeferredTaxAssetsNet
Deferred tax liabilities -4,961,000,000 us-gaap:DeferredTaxLiabilities
Deferred tax assets (liabilities), net -1,369,000,000 us-gaap:DeferredTaxAssetsLiabilitiesNet
CHECK 0

*

(Classified balance sheet) Deferred tax assets (liabilities), net components current/noncurrent asset/liability

Description Fact value US GAAP XBRL Concept
Deferred tax assets, net, current 2,594,000,000 us-gaap:DeferredTaxAssetsNetCurrent
Deferred tax assets, net, noncurrent 434,000,000 us-gaap:DeferredTaxAssetsNetNoncurrent
Deferred tax liabilities, net, current 0
Deferred tax liabilities, net, noncurrent -4,397,000,000 us-gaap:DeferredTaxLiabilities
Deferred tax assets (liabilities), net -1,369,000,000 us-gaap:DeferredTaxAssetsLiabilitiesNet
CHECK 0

*

(Unclassified balance sheet) Deferred tax assets (liabilities), net components asset/liability

Description Fact value US GAAP XBRL Concept
Deferred tax assets 3,592,000,000 us-gaap:DeferredTaxAssetsNetCurrent
Deferred tax liabilities, net -4,961,000,000 us-gaap:DeferredTaxLiabilities
Deferred tax assets (liabilities), net -1,369,000,000 us-gaap:DeferredTaxAssetsLiabilitiesNet
CHECK 0

*

*

Creative Commons License
This work is licensed under a Creative Commons License.

Valid CSS!