The following table summarizes the effects of adopting Revenue Recognition - Contracts with Customers and Financial Instruments - Recognition and Measurement on our financial statements for the fiscal year beginning December 31, 2017 as an adjustment to the opening balance: Adjustments from Financial Revenue Instruments Standard Update Balance as of Dec 30, 2017 Opening Balance as of Dec 31, 2017 Other 1 4 $ $ 4 - | | $ (In Millions) Assets: Accounts receivable, net Inventories Other current assets Equity investments Marketable equity securities Other long-term assets (8) $ 4 5,077 7,030 2,964 8,579 A A GA GA GA GA GA 5,607 6,983 2,908 - 4,192 7,602 (530) $ 47 $ 64 $ - $ - $ - $ 4 $ $ $ 8,579 (4,192) (4,387) 4 4 A $ $ 4 3,172 4 Liabilities: Deferred income Other accrued liabilities Long-term deferred tax liabilities GA GA GA 1,656 7,535 3,046 $ $ $ (1,356) 81 191 $ $ $ IT - (20) $ $ 300 7,616 3,217 Stockholders' equity: Accumulated other comprehensive income (loss) Retained earnings GA GA 862 $ 42,083 $ (1,745) 1,745 $ $ (45) $ 14 $ (928) 44,507 5. What types of intangibles does Intel report? Are they amortized? If so, what is/are estimated useful life/lives used for amortization? 6. Answer the three questions below: a. Does Intel carry any goodwill? b. If so, what event(s) resulted in Intel recording goodwill? c. Describe the causes of the change in goodwill during 2017 and 2018. The following table summarizes the effects of adopting Revenue Recognition - Contracts with Customers and Financial Instruments - Recognition and Measurement on our financial statements for the fiscal year beginning December 31, 2017 as an adjustment to the opening balance: Adjustments from Financial Revenue Instruments Standard Update Balance as of Dec 30, 2017 Opening Balance as of Dec 31, 2017 Other 1 4 $ $ 4 - | | $ (In Millions) Assets: Accounts receivable, net Inventories Other current assets Equity investments Marketable equity securities Other long-term assets (8) $ 4 5,077 7,030 2,964 8,579 A A GA GA GA GA GA 5,607 6,983 2,908 - 4,192 7,602 (530) $ 47 $ 64 $ - $ - $ - $ 4 $ $ $ 8,579 (4,192) (4,387) 4 4 A $ $ 4 3,172 4 Liabilities: Deferred income Other accrued liabilities Long-term deferred tax liabilities GA GA GA 1,656 7,535 3,046 $ $ $ (1,356) 81 191 $ $ $ IT - (20) $ $ 300 7,616 3,217 Stockholders' equity: Accumulated other comprehensive income (loss) Retained earnings GA GA 862 $ 42,083 $ (1,745) 1,745 $ $ (45) $ 14 $ (928) 44,507 5. What types of intangibles does Intel report? Are they amortized? If so, what is/are estimated useful life/lives used for amortization? 6. Answer the three questions below: a. Does Intel carry any goodwill? b. If so, what event(s) resulted in Intel recording goodwill? c. Describe the causes of the change in goodwill during 2017 and 2018
