Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets (USD $)
In Millions
Oct. 01, 2011
Dec. 25, 2010
ASSETS    
Cash and cash equivalents $ 625 $ 606 [1]
Marketable securities 1,182 1,183 [1]
Total cash and cash equivalents and marketable securities 1,807 1,789 [1]
Accounts receivable, net 908 968 [1]
Inventories, net 540 632 [1]
Prepaid expenses and other current assets 157 205 [1]
Total current assets 3,412 3,594 [1]
Long-term marketable securities 50  
Property, plant and equipment, net 697 700 [1]
Investment in GLOBALFOUNDRIES 486  
Acquisition related intangible assets, net 11 37 [1]
Goodwill 323 323 [1]
Other assets 257 310 [1]
Total assets 5,236 4,964 [1]
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts payable 467 376 [1]
Accounts payable to GLOBALFOUNDRIES 151 205 [1]
Accrued liabilities 590 698 [1]
Deferred income on shipments to distributors 131 143 [1]
Other short-term obligations   229 [1]
Current portion of long-term debt and capital lease obligations 489 4 [1]
Other current liabilities 27 19 [1]
Total current liabilities 1,855 1,674 [1]
Long-term debt and capital lease obligations, less current portion 1,571 2,188 [1]
Other long-term liabilities 66 82 [1]
Accumulated loss in excess of investment in GLOBALFOUNDRIES   7 [1]
Commitments and contingencies (see Note 11)     [1]
Stockholders' equity:    
Common stock, par value $0.01; 1,500 shares authorized on October 1, 2011 and December 25, 2010; shares issued: 705 on October 1, 2011 and 691 on December 25, 2010; shares outstanding: 697 on October 1, 2011 and 683 on December 25, 2010 7 7 [1]
Additional paid-in capital 6,652 6,575 [1]
Treasury stock, at cost (9 shares on October 1, 2011 and 8 shares on December 25, 2010) (107) (102) [1]
Accumulated deficit (4,800) (5,468) [1]
Accumulated other comprehensive income (loss) (8) 1 [1]
Total stockholders' equity 1,744 1,013 [1]
Total liabilities and stockholders' equity $ 5,236 $ 4,964 [1]
[1] Amounts as of December 25, 2010 were derived from the December 25, 2010 audited financial statements.