Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

v3.7.0.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Apr. 01, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 722 $ 1,264
Marketable securities 221 0
Accounts receivable, net 494 311
Inventories, net 839 751
Prepaid expenses 73 63
Prepayment and other receivables - related parties 31 32
Other current assets 118 109
Total current assets 2,498 2,530
Property, plant and equipment, net 180 164
Goodwill 289 289
Investment: equity method 58 59
Other assets 274 279
Total assets 3,299 3,321
Current liabilities:    
Accounts payable 529 440
Payables to related parties 329 383
Accrued liabilities 385 391
Other current liabilities 67 69
Deferred income on shipments to distributors 62 63
Total current liabilities 1,372 1,346
Long-term debt, net 1,408 1,435
Other long-term liabilities 110 124
Commitments and Contingencies
Capital stock:    
Common stock, par value $0.01; 1,500 shares authorized on April 1, 2017 and December 31, 2016; shares issued: 953 on April 1, 2017 and 949 shares on December 31, 2016; shares outstanding: 942 on April 1, 2017 and 935 shares on December 31, 2016 9 9
Additional paid-in capital 8,379 8,334
Treasury stock, at cost (11 shares on April 1, 2017 and 14 shares on December 31, 2016) (99) (119)
Accumulated deficit (7,876) (7,803)
Accumulated other comprehensive loss (4) (5)
Total stockholders’ equity 409 416
Total liabilities and stockholders’ equity $ 3,299 $ 3,321