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Segment Reporting | 12 Months Ended
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Dec. 30, 2023
Segment Reporting [Abstract] |
Segment Reporting | Segment Reporting Management, including the Chief Operating Decision Maker (CODM), who is the Company’s Chief Executive Officer, reviews and assesses operating performance using segment net revenue and operating income (loss). These performance measures include the allocation of expenses to the reportable segments based on management’s judgment. The Company’s four reportable segments are: •the Data Center segment, which primarily includes server microprocessors (CPUs), graphics processing units (GPUs), accelerated processing units (APUs), data processing units (DPUs), Field Programmable Gate Arrays (FPGAs), Smart Network Interface Cards (SmartNICs), Artificial Intelligence (AI) accelerators and Adaptive System-on-Chip (SoC) products for data centers; •the Client segment, which primarily includes CPUs, APUs, and chipsets for desktop, notebook and handheld personal computers; •the Gaming segment, which primarily includes discrete GPUs, and semi-custom SoC products and development services; and •the Embedded segment, which primarily includes embedded CPUs, GPUs, APUs, FPGAs, System on Modules (SOMs), and Adaptive SoC products. From time to time, the Company may also sell or license portions of its IP portfolio. In addition to these reportable segments, the Company has an All Other category, which is not a reportable segment. This category primarily includes certain expenses and credits that are not allocated to any of the reportable segments because the CODM does not consider these expenses and credits in evaluating the performance of the reportable segments. This category primarily includes amortization of acquisition-related intangibles, employee stock-based compensation expense, acquisition-related and other costs, and licensing gain. Acquisition-related and other costs primarily include transaction costs, purchase price adjustments for inventory, certain compensation charges, contract termination and workforce rebalancing charges. The following table provides a summary of net revenue and operating income (loss) by segment for 2023, 2022 and 2021.
| Year Ended
| December 30, 2023 |  | December 31, 2022 |  | December 25, 2021
| (In millions)
Net revenue: |  |  |  |  |
Data Center | $ | 6,496 |  |  | $ | 6,043 |  |  | $ | 3,694 |
Client | 4,651 |  |  | 6,201 |  |  | 6,887 |
Gaming | 6,212 |  |  | 6,805 |  |  | 5,607 |
Embedded | 5,321 |  |  | 4,552 |  |  | 246 |
Total net revenue | $ | 22,680 |  |  | $ | 23,601 |  |  | $ | 16,434 |
Operating income (loss): |  |  |  |  |
Data Center | $ | 1,267 |  |  | $ | 1,848 |  |  | $ | 991 |
Client | (46) |  |  | 1,190 |  |  | 2,088 |
Gaming | 971 |  |  | 953 |  |  | 934 |
Embedded | 2,628 |  |  | 2,252 |  |  | 44 |
All Other | (4,419) |  |  | (4,979) |  |  | (409) |
Total operating income | $ | 401 |  |  | $ | 1,264 |  |  | $ | 3,648 |
The following table provides items included in All Other category:
| Year Ended
| December 30, 2023 |  | December 31, 2022 |  | December 25, 2021
| (In millions)
Operating loss: |  |  |  |  |
Stock-based compensation expense | $ | 1,384 |  |  | $ | 1,081 |  |  | $ | 379 |
Acquisition-related and other costs | 258 |  |  | 452 |  |  | 42 |
Amortization of acquisition-related intangibles | 2,811 |  |  | 3,548 |  |  | — |
Licensing gain | (34) |  |  | (102) |  |  | (12) |
Total operating loss | $ | 4,419 |  |  | $ | 4,979 |  |  | $ | 409 |
The Company does not discretely allocate assets to its operating segments, nor does management evaluate operating segments using discrete asset information. The following table summarizes sales to external customers by geographic regions based on billing location of the customer:
| Year Ended
| December 30, 2023 |  | December 31, 2022 |  | December 25, 2021
| (In millions)
United States | $ | 7,837 |  |  | $ | 8,049 |  |  | $ | 4,656 |
Japan | 4,629 |  |  | 4,177 |  |  | 2,381 |
China (including Hong Kong) | 3,417 |  |  | 5,207 |  |  | 4,096 |
Singapore | 2,231 |  |  | 1,380 |  |  | 1,389 |
Europe | 2,030 |  |  | 1,773 |  |  | 1,249 |
Taiwan | 1,841 |  |  | 2,369 |  |  | 2,091 |
Other countries | 695 |  |  | 646 |  |  | 572 |
Total sales to external customers | $ | 22,680 |  |  | $ | 23,601 |  |  | $ | 16,434 |
The following table summarizes sales to major customers that accounted for at least 10% of the Company’s consolidated net revenue for the respective years:
|  | Year Ended
| Segment | December 30, 2023 |  | December 31, 2022 |  | December 25, 2021
Customer A | Gaming | 18 | % |  | 16 | % |  | 14 | %
Customer B | Client | * |  | * |  | 11 | %
* |  | Less than 10%
The following table summarizes Property and equipment, net by geographic areas:
| December 30, 2023 |  | December 31, 2022
| (In millions)
United States | $ | 1,143 |  |  | $ | 1,102 |
Singapore | 144 |  |  | 132 |
India | 86 |  |  | 67 |
Canada | 84 |  |  | 80 |
Ireland | 46 |  |  | 48 |
China | 42 |  |  | 42 |
Other countries | 44 |  |  | 42 |
Total property and equipment, net | $ | 1,589 |  |  | $ | 1,513 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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