Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.6.0.2
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2016
Dec. 26, 2015
Current assets:    
Cash and cash equivalents $ 1,264 $ 785
Accounts receivable, net 311 533
Inventories, net 751 678
Prepayment and other - GLOBALFOUNDRIES 32 33
Prepaid expenses 63 43
Other current assets [1] 109 248
Total current assets 2,530 2,320
Property, plant and equipment, net 164 188
Goodwill 289 278
Investment in ATMP JV 59 0
Other assets [1],[2] 279 298
Total assets 3,321 3,084
Current liabilities:    
Short-term debt 0 230
Accounts payable 440 279
Payable to GLOBALFOUNDRIES 255 245
Payable to ATMP JV 128 0
Accrued liabilities [1] 391 472
Other current liabilities 69 124
Deferred income on shipments to distributors 63 53
Total current liabilities 1,346 1,403
Long-term debt, net [2] 1,435 2,007
Other long-term liabilities [1] 124 86
Commitments and contingencies (see Notes 16 and 17)
Stockholders’ equity (deficit):    
Common stock, par value $0.01; 1,500 shares authorized on December 31, 2016 and December 26, 2015; shares issued: 949 shares on December 31, 2016 and 806 shares on December 26, 2015; shares outstanding: 935 shares on December 31, 2016 and 792 shares on December 26, 2015 9 8
Additional paid-in capital 8,334 7,017
Treasury stock, at cost (14 shares on December 31, 2016 and December 26, 2015 ) (119) (123)
Accumulated deficit (7,803) (7,306)
Accumulated other comprehensive loss (5) (8)
Total stockholders’ equity (deficit) 416 (412)
Total liabilities and stockholders’ equity (deficit) $ 3,321 $ 3,084
[1] Amounts reflected adoption of FASB ASU 2015-17, Balance Sheet Classification of Deferred Taxes beginning in the first quarter of 2016.
[2] Amounts reflected adoption of FASB ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs beginning in the first quarter of 2016.