Advanced Micro Devices, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Financial Instruments (Tables)

Financial Instruments (Tables)

6 Months Ended

Jun. 27, 2015

Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract]

Summary of Available-for-sale Securities



	Total Fair Value		Cash and Cash Equivalents
	(In millions)
June 27, 2015
Cash	$	352	$	352
Level 1^{(1) (2)}
Money market funds	$	2	$	2
Total level 1	$	2	$	2
Level 2^{(2) (3)}
Commercial paper	475		475
Total level 2	475		475
Total	$	829	$	829



	Total Fair Value		Cash and Cash Equivalents		Short-Term Marketable Securities
	(In millions)
December 27, 2014
Cash	$	391	$	391	$	—
Level 1^{(1) (2)}
Money market funds	4		4		—
Total level 1	4		4		—
Level 2^{(2) (3)}
Commercial paper	618		410		208
Corporate bonds	27		—		27
Total level 2	645		410		235
Total	$	1,040	$	805	$	235

Financial Instruments Not Recorded at Fair Value on a Recurring Basis



	June 27, 2015				December 27, 2014
	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
	(In millions)
Short-term debt (excluding capital leases)	$	230	$	230	$	172	$	173
Long-term debt (excluding capital leases)	$	2,025	$	1,789	$	2,025	$	1,858

Schedule of Derivative Instruments, Gain (Loss) in Statement of Operations



	Three Months Ended						Six Months Ended
	June 27, 2015			June 28, 2014			June 27, 2015			June 28, 2014
	(In millions)
Foreign Currency Forward Contracts - gains (losses)
Contracts designated as cash flow hedging instruments
Other comprehensive income	$	7		$	5		$	—		$	4
Cost of sales	—			—			(1		)	—
Research and development	(2		)	(1		)	(4		)	(2		)
Marketing, general and administrative	(2		)	—			(3		)	$	(1	)
Contracts not designated as hedging instruments
Other income (expense), net	$	—		$	1		$	(1	)	$	—

Schedule of Derivative Instruments in Balance Sheet



	June 27, 2015			December 27, 2014
	(In millions)
Foreign Currency Forward Contracts - gains (losses)
Contracts designated as cash flow hedging instruments	$	(6	)	$	(6	)
Contracts not designated as hedging instruments	$	(1	)	$	(1	)



	June 27, 2015		December 27, 2014
	(In millions)
Interest Rate Swap Contracts - gains (losses)
Contracts designated as fair value hedging instruments	$	6	$	3

- Definition

Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities.

+ References + Details