Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
shares in Millions, $ in Millions
Dec. 26, 2020
Dec. 28, 2019
Current assets:    
Cash and cash equivalents $ 1,595 $ 1,466
Short-term investments 695 37
Accounts receivable, net 2,066 1,859
Inventories 1,399 982
Receivables from related parties 10 20
Prepaid expenses and other current assets 378 233
Total current assets 6,143 4,597
Property and equipment, net 641 500
Operating lease right-of-use assets 208 205
Goodwill 289 289
Investment: equity method 63 58
Deferred tax assets 1,245 22
Other non-current assets 373 357
Total assets 8,962 6,028
Current liabilities:    
Accounts payable 468 988
Payables to related parties 78 213
Accrued liabilities 1,796 1,084
Other current liabilities 75 74
Total current liabilities 2,417 2,359
Long-term debt, net 330 486
Long-term operating lease liabilities 201 199
Other long-term liabilities 177 157
Commitments and Contingencies (see Notes 16 and 17)
Stockholders’ equity:    
Common Stock, Value, Issued 12 12
Additional paid-in capital $ 10,544 $ 9,963
Treasury stock (shares) 6 5
Treasury Stock, Value $ (131) $ (53)
Accumulated deficit (4,605) (7,095)
Accumulated other comprehensive income 17 0
Total stockholders’ equity 5,837 2,827
Total liabilities and stockholders’ equity $ 8,962 $ 6,028