Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Dec. 31, 2011
Dec. 25, 2010
ASSETS    
Cash and cash equivalents $ 869 $ 606
Marketable securities 896 1,183
Total cash and cash equivalents and marketable securities 1,765 1,789
Accounts receivable, net 919 968
Inventories, net 476 632
Prepaid expenses and other current assets 69 205
Total current assets 3,229 3,594
Long-term marketable securities 149  
Property, plant and equipment, net 726 700
Investment in GLOBALFOUNDRIES 278  
Goodwill 323 323
Other assets 249 347
Total assets 4,954 4,964
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts payable 363 376
Accounts payable to GLOBALFOUNDRIES 177 205
Accrued liabilities 550 698
Deferred income on shipments to distributors 123 143
Other short-term obligations   229
Current portion of long-term debt and capital lease obligations 489 4
Other current liabilities 72 19
Total current liabilities 1,774 1,674
Long-term debt and capital lease obligations, less current portion 1,527 2,188
Other long-term liabilities 63 89
Commitments and contingencies (see Notes 16 and 17)      
Stockholders' equity:    
Common stock, par value $0.01; 1,500 shares authorized on December 31, 2011 and December 25, 2010; shares issued: 706 shares on December 31, 2011 and 691 on December 25, 2010; shares outstanding: 698 shares on December 31, 2011 and 683 on December 25, 2010 7 7
Additional paid-in capital 6,672 6,575
Treasury stock, at cost (9 shares on December 31, 2011 and 8 shares on December 25, 2010) (107) (102)
Accumulated deficit (4,977) (5,468)
Accumulated other comprehensive income (loss) (5) 1
Total stockholders' equity 1,590 1,013
Total liabilities and stockholders' equity $ 4,954 $ 4,964