Intel 2013 Annual Report Download - page 44

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39
Share-Based Compensation
Share-based compensation totaled $1.1 billion in 2013 ($1.1 billion in 2012 and $1.1 billion in 2011). Share-based
compensation was included in cost of sales and operating expenses.
As of December 28, 2013, unrecognized share-based compensation costs and the weighted average periods over
which the costs are expected to be recognized were as follows:
(Dollars in Millions)
Unrecognized
Share-Based
Compensation
Costs
Weighted
Average
Period
Stock options $ 75 1.1 years
Restricted stock units $ 1,625 1.2 years
As of December 28, 2013, there was $13 million in unrecognized share-based compensation costs related to the
rights to acquire common stock under our stock purchase plan. We expect to recognize those costs over a period of
approximately one and a half months.
Gains (Losses) on Equity Investments and Interest and Other
Gains (losses) on equity investments, net and interest and other, net for each period were as follows:
(In Millions) 2013 2012 2011
Gains (losses) on equity investments, net $ 471 $ 141 $ 112
Interest and other, net $ (151) $ 94 $ 192
We recognized higher net gains on equity investments in 2013 compared to 2012 due to higher gains on sales of
equity investments, partially offset by lower gains on third-party merger transactions. Net gains on equity
investments were higher in 2012 compared to 2011 due to lower equity method losses and higher gains on third-
party merger transactions, partially offset by lower gains on sales of equity investments.
Net gains on equity investments for 2013 included gains of $439 million on the sales of our interest in Clearwire
Communications, LLC (Clearwire LLC) and our shares in Clearwire Corporation in Q3 2013. For further information
on these transactions, see "Note 5: Cash and Investments" in Part II, Item 8 of this Form 10-K. Net gains on equity
investments for 2011 included a gain of $150 million on the sale of shares in VMware, Inc. Our share of equity
method investee losses recognized in 2011 was primarily related to Clearwire LLC ($145 million) and these losses
reduced our carrying value in Clearwire LLC to zero.
We recognized an interest and other net loss in 2013 compared to a net gain in 2012. We recognized a net loss in
2013 due to an increase in interest expense related to the issuance of our $6.2 billion aggregate principal amount of
senior unsecured notes in Q4 2012. Additionally, in Q2 2012 we received proceeds from an insurance claim related
to the floods in Thailand.
Interest and other, net decreased in 2012 compared to 2011, primarily due to a $164 million gain recognized upon
formation of the Intel-GE Care Innovations, LLC (Care Innovations) joint venture in Q1 2011 and higher interest
expense in 2012.
Table of Contents
MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (Continued)