Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.23.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Apr. 01, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 3,825 $ 4,835
Short-term investments 2,114 1,020
Accounts receivable, net 4,040 4,126
Inventories 4,235 3,771
Prepaid expenses and other current assets 1,442 1,265
Total current assets 15,658 15,019
Property and equipment, net 1,500 1,513
Operating lease right-of-use assets 447 460
Goodwill 24,177 24,177
Intangible Assets, Net (Excluding Goodwill) 23,291 24,118
Investment: equity method 84 83
Deferred tax assets 67 58
Other non-current assets 2,410 2,152
Total assets 67,634 67,580
Current liabilities:    
Accounts payable 2,518 2,493
Accrued liabilities 3,167 3,077
Other current liabilities 539 336
Total current liabilities 6,577 6,369
Long-term debt 2,467 2,467
Long-term operating lease liabilities 381 396
Deferred tax liabiilty 1,641 1,934
Other long-term liabilities 1,874 1,664
Commitments and Contingencies (See Note 12)
Capital stock:    
Common stock, par value $0.01; shares authorized: 2,250; shares issued: 1,646 and 1,645; shares outstanding: 1,609 and 1,612 16 16
Additional paid-in capital 58,331 58,005
Treasury stock, at cost (shares held: 37 and 33) (3,362) (3,099)
Accumulated deficit (270) (131)
Accumulated other comprehensive loss (21) (41)
Total stockholders’ equity 54,694 54,750
Total liabilities and stockholders’ equity 67,634 67,580
Other current liabilities 539 336
Joint Venture | ATMP JV    
Current assets:    
Receivables from related parties 2 2
Investment: equity method 84 83
Current liabilities:    
Other current liabilities 353 463
Receivables from related parties 2 2
Other current liabilities $ 353 $ 463