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. 25, 2021
Dec. 26, 2020
Current assets:    
Cash and cash equivalents $ 2,440 $ 1,595
Short-term investments 1,168 695
Accounts receivable, net 2,224 2,066
Inventories 1,902 1,399
Receivables from related parties 5 10
Prepaid expenses and other current assets 249 378
Total current assets 7,988 6,143
Property and equipment, net 717 641
Operating lease right-of-use assets 284 208
Goodwill 289 289
Investment: equity method 69 63
Deferred tax assets 1,036 1,245
Other non-current assets 770 373
Total assets 11,153 8,962
Current liabilities:    
Accounts payable 1,048 468
Payables to related parties 36 78
Accrued liabilities 2,048 1,796
Less: short-term debt 312 0
Other current liabilities 120 75
Total current liabilities 3,564 2,417
Long-term debt, net 1 330
Long-term operating lease liabilities 269 201
Other long-term liabilities 183 177
Commitments and Contingencies (See Note 12)
Capital stock:    
Common stock, par value $0.01; shares authorized: 2,250; shares issued: 1,230 and 1,217; shares outstanding: 1,212 and 1,211 12 12
Additional paid-in capital 10,905 10,544
Treasury stock, at cost (shares held: 18 and 6) (1,356) (131)
Accumulated deficit (2,425) (4,605)
Accumulated other comprehensive income 0 17
Total stockholders’ equity 7,136 5,837
Total liabilities and stockholders’ equity $ 11,153 $ 8,962