Intel 1997 Annual Report Download - page 59

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Plan assets of the U.S. and Puerto Rico plans consist primarily of listed stocks and bonds, repurchase agreements, money market securities,
U.S. government securities and stock index derivatives.
The Company provides defined-benefit pension plans in certain foreign countries where required by statute. The Company's funding policy for
foreign defined-benefit plans is consistent with the local requirements in each country.
Pension expense for 1997, 1996 and 1995 for the foreign plans was $14 million, $17 million and $9 million, respectively. No component of
expense exceeded $15 million.
At fiscal year-ends, significant assumptions used were as follows:
1997 1996 1995
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Discount rate 7.0% 7.0% 7.0%
Rate of compensation increase 5.0% 5.0% 5.0%
Expected long-term return on assets 8.5% 8.5% 8.5%