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Table of Contents
INTEL CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
U.S. Intel Minimum Pension Plan assets measured at fair value on a recurring basis consisted of the following investment
categories as of December 25, 2010 and December 26, 2009:
The “U.S. treasuries” category in the preceding tables represents two common collective trust funds that seek to replicate the
performance of the Barclays Capital U.S. 1–3 Year Treasury Bond Index and Barclays Capital U.S. 1–3 Year Agency Bond
Index over the long term.
The “U.S. corporate bonds” category in the preceding tables represents a common collective trust fund that seeks to replicate
the performance of the Barclays Capital U.S. 1–3 Year Credit Bond Index over the long term.
The Global Bond Fund’s target allocation is approximately 40% of assets in government and high-quality corporate bonds and
asset-backed securities to mitigate risks related to deflation, 15% in global inflation-indexed bonds to provide protection from
inflation, and another 15% in international government and corporate bonds. The residual 30% of the fund is allocated to
opportunistic bond investments, which are used to enhance return and provide diversification. Such opportunistic bond
investments include emerging market debt instruments with un-hedged currency exposure, high-yield investments, asset- and
mortgage-backed securities, and corporate credit.
86
December 25, 2010
Fair Value Measured at
Reporting Date Using
(In Millions)
Level 1
Level 2
Level 3
Total
Equity securities:
U.S. Large Cap Stock Fund
$
—
$
36
$
—
$
U.S. Small Cap Stock Fund
—
9
—
9
International Stock Fund
11
30
—
Fixed income:
U.S. treasuries
—
261
—
261
U.S. corporate bonds
—
79
—
Global Bond Fund
—
common collective trusts
—
62
—
Global Bond Fund
—
other
21
60
—
Total U.S. pension plan assets at fair value
$
32
$
537
$
—
$
569
December 26, 2009
Fair Value Measured at
Reporting Date Using
(In Millions)
Level 1
Level 2
Level 3
Total
Equity securities:
U.S. Large Cap Stock Fund
$
—
$
25
$
—
$
U.S. Small Cap Stock Fund
—
7
—
7
International Stock Fund
—
31
—
Fixed income:
U.S. treasuries
—
182
—
182
U.S. corporate bonds
—
65
—
Global Bond Fund
—
common collective trusts
—
53
—
Global Bond Fund
—
other
15
33
—
Total U.S. pension plan assets at fair value
$
15
$
396
$
—
$
411