Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.21.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 26, 2021
Dec. 26, 2020
Current assets:    
Cash and cash equivalents $ 2,623 $ 1,595
Short-term investments 1,170 695
Accounts receivable, net 2,020 2,066
Inventories 1,765 1,399
Receivables from related parties 6 10
Prepaid expenses and other current assets 234 378
Total current assets 7,818 6,143
Property and equipment, net 671 641
Operating lease right-of-use assets 247 208
Goodwill 289 289
Investment: equity method 67 63
Deferred tax assets 1,090 1,245
Other non-current assets 509 373
Total assets 10,691 8,962
Current liabilities:    
Accounts payable 836 468
Payables to related parties 36 78
Accrued liabilities 1,911 1,796
Other current liabilities 109 75
Total current liabilities 2,892 2,417
Long-term debt, net 313 330
Long-term operating lease liabilities 240 201
Other long-term liabilities 181 177
Commitments and Contingencies (See Note 12)
Capital stock:    
Common stock, par value $0.01; shares authorized: 2,250; shares issued: 1,223 and 1,217; shares outstanding: 1,213 and 1,211 12 12
Additional paid-in capital 10,795 10,544
Treasury stock, at cost (shares held: 10 and 6) (401) (131)
Accumulated deficit (3,348) (4,605)
Accumulated other comprehensive income 7 17
Total stockholders’ equity 7,065 5,837
Total liabilities and stockholders’ equity $ 10,691 $ 8,962