Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

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Consolidated Statements of Operations (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 29, 2012
Dec. 31, 2011
Dec. 25, 2010
Net revenue $ 5,422 $ 6,568 $ 6,494
Cost of sales 4,187 3,628 3,533
Gross margin 1,235 2,940 2,961
Research and development 1,354 1,453 1,405
Marketing, general and administrative 823 992 934
Legal settlement 0 0 (283)
Amortization of acquired intangible assets 14 29 61
Restructuring charges (reversals), net 100 98 (4)
Operating income (loss) (1,056) 368 848
Interest income 8 10 11
Interest expense (175) (180) (199)
Other income (expense), net 6 (199) 311
Income (loss) before equity income (loss) and dilution gain in investees and income taxes (1,217) (1) 971
Provision (benefit) for income taxes (34) (4) 38
Equity in net (gain) loss and dilution gain in investee 0 492 (462)
Income (loss) from continuing operations (1,183) 495 471
Income (loss) from discontinued operations, net of tax 0 (4) 0
Net income (loss) $ (1,183) $ 491 $ 471
Basic      
Continuing operations $ (1.60) $ 0.68 $ 0.66
Discontinued operations $ 0.00 $ (0.01) $ 0.00
Basic net income (loss) per share $ (1.60) $ 0.68 $ 0.66
Diluted      
Continuing operations $ (1.60) $ 0.67 $ 0.64
Discontinued operations $ 0.00 $ (0.01) $ 0.00
Diluted net income (loss) per share $ (1.60) $ 0.66 $ 0.64
Shares used in per share calculation      
Basic 741 727 711
Diluted 741 742 733