Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.23.2
Condensed Consolidated Balance Sheets - USD ($)
shares in Millions, $ in Millions
Jul. 01, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 3,841 $ 4,835
Short-term investments 2,444 1,020
Accounts receivable, net 4,312 4,126
Inventories 4,567 3,771
Prepaid expenses and other current assets 1,339 1,265
Total current assets 16,505 15,019
Property and equipment, net 1,541 1,513
Operating lease right-of-use assets 461 460
Goodwill 24,177 24,177
Intangible Assets, Net (Excluding Goodwill) 22,598 24,118
Investment: equity method 90 83
Deferred tax assets 68 58
Other non-current assets 2,527 2,152
Total assets 67,967 67,580
Current liabilities:    
Accounts payable 2,779 2,493
Accrued liabilities 2,971 3,077
Less: current portion of long-term debt (principal amount) 753 0
Other current liabilities 756 336
Total current liabilities 7,572 6,369
Long-term debt 1,714 2,467
Long-term operating lease liabilities 393 396
Deferred tax liabiilty 1,365 1,934
Other long-term liabilities 1,787 1,664
Commitments and Contingencies (See Note 12)
Capital stock:    
Common stock, par value $0.01; shares authorized: 2,250; shares issued: 1,651 and 1,645; shares outstanding: 1,614 and 1,612 16 16
Additional paid-in capital 58,825 58,005
Treasury stock, at cost (shares held: 37 and 33) (3,430) (3,099)
Accumulated deficit (243) (131)
Accumulated other comprehensive loss (32) (41)
Total stockholders’ equity 55,136 54,750
Total liabilities and stockholders’ equity 67,967 67,580
Other current liabilities $ 756 $ 336
Common stock, outstanding (in shares) 1,614 1,612
Common stock, par value (in dollars per share) $ 0.01  
Common stock, authorized (in shares) 2,250  
Common stock, issued (in shares) 1,651 1,645
Joint Venture | ATMP JV    
Current assets:    
Receivables from related parties $ 2 $ 2
Investment: equity method 90 83
Current liabilities:    
Other current liabilities 313 463
Receivables from related parties 2 2
Other current liabilities $ 313 $ 463