Intel 2005 Annual Report Download - page 69

Table of Contents
INTEL CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Note 8: Interest and Other, Net
The components of interest and other, net were as follows:
During 2004, the company recognized $60 million of gains in other, net associated with terminating financing arrangements for manufacturing
facilities and equipment in Ireland (see “Note 5: Borrowings”). Gains associated with terminating similar financing arrangements recognized in 2005
were insignificant.
Note 9: Comprehensive Income
The components of comprehensive income and related tax effects were as follows:
The components of accumulated other comprehensive income, net of tax, were as follows:
65
(In Millions)
2005
2004
2003
Interest income
$
577
$
301
$
248
Interest expense
(19
)
(50
)
(62
)
Other, net
7
38
6
Total
$
565
$
289
$
192
(In Millions)
2005
2004
2003
Net income
$
8,664
$
7,516
$
5,641
Change in net unrealized holding gain on investments, net of tax of $(60), $(17) and $(18) in
2005, 2004 and 2003, respectively
101
31
33
Less: adjustment for net gain on investments included in net income, net of tax of $22, $15 and
$5 in 2005, 2004 and 2003, respectively
(38
)
(29
)
(11
)
Change in net unrealized holding gain on derivatives, net of tax of $25, $(34) and $(15) in 2005,
2004 and 2003, respectively
(42
)
63
27
Less: adjustment for amortization of net gain on derivatives included in net income, net of tax of
$22 in 2005 and $4 in 2004
(38
)
(8
)
(1
)
Minimum pension liability, net of tax of $5 in 2005 and $(2) in 2003
(8
)
(1
)
5
Total
$
8,639
$
7,572
$
5,694
(In Millions)
2005
2004
Accumulated net unrealized holding gain on available
-
for
-
sale investments
$
100
$
37
Accumulated net unrealized holding gain on derivatives
37
117
Accumulated minimum pension liability
(10
)
(2
)
Total accumulated other comprehensive income
$
127
$
152