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Table of Contents
INTEL CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Note 7: Available-for-Sale Investments
Available-for-sale investments as of December 26, 2009 and December 27, 2008 were as follows:
As of December 26, 2009, we had $33 million of gross unrealized losses on available-for-sale investments, which included
$26 million of gross unrealized losses related to individual securities that had been in a continuous loss position for 12 months
or more. The available-for-sale investments that were in an unrealized loss position as of December 27, 2008, aggregated by
the length of time that individual securities had been in a continuous loss position, were as follows:
As of December 26, 2009, a majority of our available-for-sale investments in an unrealized loss position were rated AA-/Aa3
or better. With the exception of a limited number of investments for which we have recognized
other-than-temporary impairments, we have not seen significant liquidation delays, and for those that have matured we have
received the full par value of our original debt investments.
69
2009
2008
Gross
Gross
Gross
Gross
Adjusted
Unrealized
Unrealized
Adjusted
Unrealized
Unrealized
(In Millions)
Cost
Gains
Losses
1
Fair Value
Cost
Gains
Losses
Fair Value
Commercial paper
$
5,444
$
—
$
—
$
5,444
$
3,244
$
4
$
—
$
3,248
Corporate bonds
3,688
38
(14
)
3,712
6,323
5
(139
)
6,189
Government bonds
2
2,205
11
(1
)
2,215
546
2
—
548
Bank time deposits
3
1,317
1
—
1,318
606
2
—
608
Marketable equity securities
387
386
—
773
393
2
(43
)
352
Asset
-
backed securities
154
—
(
18
)
136
374
—
(
)
331
Money market fund deposits
—
—
65
419
—
—
419
Total
available-for-sale investments
$
13,260
$
436
$
(33
)
$
13,663
$
11,905
$
15
$
(225
)
$
11,695
1
As of December 26, 2009, unrealized non
-credit components of other-than-temporary impairments recognized on
available
-
for
-
sale
investments were insignificant.
2
Includes bonds issued or deemed to be guaranteed by
non-U.S. governments, FDIC-insured corporate bonds, U.S. agency
securities, and U.S. Treasury securities.
3
Bank time deposits were primarily issued by institutions outside the U.S. as of December 26, 2009 and December 27, 2008.
2008
Less Than 12 Months
12 Months or Greater
Total
Gross
Gross
Gross
Unrealized
Unrealized
Unrealized
(In Millions)
Losses
Fair Value
Losses
Fair Value
Losses
Fair Value
Corporate bonds
$
(71
)
$
2,939
$
(68
)
$
1,778
$
(139
)
$
4,717
Marketable equity securities
(43
)
322
—
—
(
43
)
322
Asset
-
backed securities
—
—
(
43
)
312
(43
)
312
Total
$
(114
)
$
3,261
$
(111
)
$
2,090
$
(225
)
$
5,351