Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

v3.5.0.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 24, 2016
Dec. 26, 2015
Current assets:    
Cash and cash equivalents $ 1,258 $ 785
Accounts receivable, net of allowances of $0 and $0 640 533
Inventories, net 772 678
Prepayment and other - GLOBALFOUNDRIES 13 33
Prepaid expenses 63 43
Other current assets [1] 78 248
Total current assets 2,824 2,320
Property, plant and equipment, net 161 188
Goodwill 289 278
Investment in ATMP JV 60 0
Other assets [1],[2] 282 298
Total assets 3,616 3,084
Current liabilities:    
Short-term debt 0 230
Accounts payable 582 279
Payable to GLOBALFOUNDRIES 284 245
Payable to ATMP JV 144 0
Accrued liabilities [1] 384 472
Other current liabilities 25 124
Deferred income on shipments to distributors 54 53
Total current liabilities 1,473 1,403
Long-term debt, net [2] 1,632 2,007
Other long-term liabilities [1] 126 86
Commitments and contingencies (See Note 13)
Capital stock:    
Common stock, par value $0.01; 1,500 shares authorized on September 24, 2016 and December 26, 2015; shares issued: 941 shares on September 24, 2016 and 806 shares on December 26, 2015; shares outstanding: 926 shares on September 24, 2016 and 792 shares on December 26, 2015 9 8
Additional paid-in capital 8,258 7,017
Treasury stock, at cost (15 shares on September 24, 2016 and 14 shares on December 26, 2015) (127) (123)
Accumulated deficit (7,752) (7,306)
Accumulated other comprehensive loss (3) (8)
Total stockholders’ equity (deficit) 385 (412)
Total liabilities and stockholders’ equity (deficit) $ 3,616 $ 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.