Quarterly report pursuant to Section 13 or 15(d)

Supplemental Balance Sheet Information (Tables)

v3.23.2
Supplemental Balance Sheet Information (Tables)
 6 Months Ended
Jul. 01, 2023
Balance Sheet Related Disclosures [Abstract]  
Inventories
Inventories
 July 1,
2023		 December 31,
2022
  (In millions)
Raw materials $ 154  $ 231 
Work in process 3,470  2,648 
Finished goods 943  892 
Total inventories $ 4,567  $ 3,771 
Schedule of Other Current Assets
Prepaid Expenses and Other Current Assets July 1,
2023		 December 31,
2022
(In millions)
Prepaid supply agreements $ 842  $ 673 
Other 497  592 
Total prepaid expenses and other current assets $ 1,339  $ 1,265 
Prepaid supply agreements relate to the short-term portion of payments made to vendors to secure long-term supply capacity.
Property and Equipment, Net
Property and Equipment, net
 July 1,
2023		 December 31,
2022
  (In millions)
Land $ 120  $ 120 
Building and leasehold improvements 675  594 
Equipment 2,216  2,163 
Construction in progress 212  143 
Property and equipment, gross 3,223  3,020 
Accumulated depreciation (1,682) (1,507)
Total property and equipment, net $ 1,541  $ 1,513 
Accrued Liabilities
Accrued Liabilities
July 1,
2023		 December 31,
2022
  (In millions)
Accrued marketing programs $ 752  $ 876 
Accrued compensation and benefits 643  701 
Customer program liabilities 848  859 
Other accrued liabilities 728  641 
Total accrued liabilities $ 2,971  $ 3,077 
Other Current Liabilities
 July 1,
2023		 December 31,
2022
(In millions)
Tax liabilities $ 635  $ 156 
Other current liabilities 121 180
Total other current liabilities $ 756  $ 336