Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.3.1.900
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 26, 2015
Dec. 27, 2014
Current assets:    
Cash and cash equivalents $ 785 $ 805
Marketable securities 0 235
Accounts receivable, net 533 818
Inventories, net 678 685
Prepayments and other - GLOBALFOUNDRIES 33 113
Prepaid expenses 43 32
Other current assets 248 48
Total current assets 2,320 2,736
Property, plant and equipment, net 188 302
Acquisition related intangible assets, net 0 65
Goodwill 278 320
Other assets 323 344
Total assets 3,109 3,767
Current liabilities:    
Short-term debt 230 177
Accounts payable 279 415
Payable to GLOBALFOUNDRIES 245 218
Accrued liabilities 472 518
Other current liabilities 124 40
Deferred income on shipments to distributors 53 72
Total current liabilities 1,403 1,440
Long-term debt 2,032 2,035
Other long-term liabilities $ 86 $ 105
Commitments and contingencies (see Notes 15 and 16)
Stockholders’ equity:    
Common stock, par value $0.01; 1,500 shares authorized on December 26, 2015 and December 27, 2014; shares issued: 806 shares on December 26, 2015 and 788 shares on December 27, 2014; shares outstanding: 792 shares on December 26, 2015 and 776 shares on December 27, 2014 $ 8 $ 8
Additional paid-in capital 7,017 6,949
Treasury stock, at cost (14 shares on December 26, 2015 and 12 shares on December 27, 2014 ) (123) (119)
Accumulated deficit (7,306) (6,646)
Accumulated other comprehensive loss (8) (5)
Total stockholders’ equity (deficit) (412) 187
Total liabilities and stockholders’ equity (deficit) $ 3,109 $ 3,767