Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Jun. 30, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 1,015 $ 869
Marketable Securities, Current 564 896
Total cash and cash equivalents and marketable securities 1,579 1,765
Accounts receivable, net 744 919
Inventories, net 833 476
Prepaid expenses and other current assets 77 69
Total current assets 3,233 3,229
Long-term marketable securities 180 149
Property, plant and equipment, net 707 726
Investment in GLOBALFOUNDRIES 0 278
Acquisition related intangible assets, net 105 8
Goodwill 553 323
Other assets 263 241
Total assets 5,041 4,954
Current liabilities:    
Accounts payable 471 363
Payable to GLOBALFOUNDRIES 661 177
Accrued liabilities 548 550
Deferred income on shipments to distributors 126 123
Current portion of long-term debt and capital lease obligations 489 489
Other current liabilities 57 72
Total current liabilities 2,352 1,774
Long-term debt and capital lease obligations, less current portion 1,532 1,527
Other long-term liabilities 40 63
Capital stock:    
Common stock, par value $0.01; 1,500 shares authorized on March 31, 2012 and December 31, 2011; shares issued: 709 on March 31, 2012 and 706 shares on December 31, 2011; shares outstanding: 700 on March 31, 2012 and 698 shares on December 31, 2011 7 7
Additional paid-in capital 6,752 6,672
Treasury stock, at cost (9 shares on March 31, 2012 and December 31, 2011) (108) (107)
Accumulated other comprehensive loss 4 5
Accumulated deficit (5,530) (4,977)
Total stockholders' equity 1,117 1,590
Total liabilities and stockholders' equity $ 5,041 $ 4,954