Quarterly report pursuant to Section 13 or 15(d)

Supplemental Balance Sheet Information (Tables)

v3.22.1
Supplemental Balance Sheet Information (Tables)
3 Months Ended
Mar. 26, 2022
Balance Sheet Related Disclosures [Abstract]  
Inventories
Inventories
March 26,
2022
December 25,
2021
  (In millions)
Raw materials $ 112  $ 82 
Work in process 1,966  1,676 
Finished goods 353  197 
Total inventories $ 2,431  $ 1,955 
Property and Equipment, Net
Property and Equipment, net
March 26,
2022
December 25,
2021
  (In millions)
Land $ 120  $ — 
Building and leasehold improvements 562  206 
Equipment 1,766  1,534 
Construction in progress 144  96 
Property and equipment, gross 2,592  1,836 
Accumulated depreciation (1,186) (1,134)
Total property and equipment, net $ 1,406  $ 702 
Other Non-Current Assets
Other Non-Current Assets
March 26,
2022
December 25,
2021
(In millions)
Long-term prepaid supply agreements $ 798  $ 916 
Software and technology licenses, net 516  328 
Other 391  234 
Total other non-current assets $ 1,705  $ 1,478 
Accrued Liabilities
Accrued Liabilities
March 26,
2022
December 25,
2021
  (In millions)
Accrued marketing programs $ 964  $ 933 
Accrued compensation and benefits 744  705 
Other accrued and current liabilities 1,362  786 
Total accrued liabilities $ 3,070  $ 2,424 
Schedule of Other Current Assets
Prepaid Expenses and Other Current Assets March 26,
2022
December 25,
2021
(In millions)
Prepaid supply agreements $ 449  $ 74 
Other 276  238 
Total prepaid expenses and other current assets $ 725  $ 312 
Prepaid supply agreements relate to the short-term portion of payments made to vendors to secure long-term supply capacity.