Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 26, 2015
Dec. 27, 2014
Current assets:    
Cash and cash equivalents $ 755 $ 805
Marketable securities 0 235
Accounts receivable, net of allowances of $0 and $0 648 818
Inventories, net 761 685
Prepayments to GLOBALFOUNDRIES 20 113
Prepaid Expense 63 32
Other current assets 219 48
Total current assets 2,466 2,736
Property, plant and equipment, net 194 302
Acquisition related intangible assets, net 0 65
Goodwill 283 320
Other assets 286 344
Total assets 3,229 3,767
Current liabilities:    
Short-term debt 230 177
Accounts payable 388 415
Payable to GLOBALFOUNDRIES 226 218
Accrued liabilities 408 518
Other current liabilities 137 40
Deferred income on shipments to distributors 60 72
Total current liabilities 1,449 1,440
Long-term debt 2,030 2,035
Other long-term liabilities $ 86 105
Commitments and contingencies (See Note 9)  
Stockholders' equity (deficit):    
Common stock, par value $0.01; 1,500 shares authorized on September 26, 2015 and December 27, 2014; shares issued: 803 shares on September 26, 2015 and 788 shares on December 27, 2014; shares outstanding: 790 shares on September 26, 2015 and 776 shares on December 27, 2014 $ 8 8
Additional paid-in capital 6,997 6,949
Treasury stock, at cost (13 shares on September 26, 2015 and 12 shares on December 27, 2014) (122) (119)
Accumulated deficit (7,204) (6,646)
Accumulated other comprehensive loss (15) (5)
Total stockholders’ equity (deficit) (336) 187
Total liabilities and stockholders’ equity (deficit) $ 3,229 $ 3,767