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

Quarterly report pursuant to Section 13 or 15(d)

Supplemental Balance Sheet Information

Supplemental Balance Sheet Information

3 Months Ended

Mar. 28, 2020

Balance Sheet Related Disclosures [Abstract]

Accounts Receivable, net

As of March 28, 2020 and December 28, 2019, Accounts receivable, net included unbilled accounts receivable of $188 million and $197 million, respectively. Unbilled receivables primarily represent work completed on semi-custom products under non-cancellable purchase orders that have no alternative use to the Company at contract inception, for which revenue has been recognized but not yet invoiced to customers. All unbilled accounts receivable are expected to be billed and collected within twelve months.

Inventories, net



	March 28, 2020		December 28, 2019
	(In millions)
Raw materials	$	88	$	94
Work in process	740		691
Finished goods	228		197
Total inventories, net	$	1,056	$	982

Property and Equipment, net



	March 28, 2020			December 28, 2019
	(In millions)
Leasehold improvements	$	199		$	203
Equipment	999			951
Construction in progress	136			114
Property and equipment, gross	1,334			1,268
Accumulated depreciation	(794		)	(768		)
Total property and equipment, net	$	540		$	500

Other Assets



	March 28, 2020		December 28, 2019
	(In millions)
Software technology and licenses, net	$	194	$	210
Other	172		169
Total other assets	$	366	$	379

Accrued Liabilities



	March 28, 2020		December 28, 2019
	(In millions)
Accrued compensation and benefits	$	205	$	285
Marketing programs and advertising expenses	478		454
Other	387		345
Total accrued liabilities	$	1,070	$	1,084

Remaining Performance Obligations

Revenue allocated to remaining performance obligations that are unsatisfied (or partially unsatisfied) as of March 28, 2020 is $484 million, which may include amounts received from customers but not yet earned and amounts that will be invoiced and recognized as revenue in future periods associated with any combination of development services, IP licensing and product revenue. The Company expects to recognize $211 million of such amounts as revenue in the next 12 months.

The revenue allocated to remaining performance obligations did not include amounts which have an original expected contractual duration of less than one year.