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
Sep. 29, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 776 $ 869
Marketable Securities, Current 524 896
Total cash and cash equivalents and marketable securities 1,300 1,765
Accounts receivable, net 683 919
Inventories, net 744 476
Prepaid expenses and other current assets 88 69
Total current assets 2,815 3,229
Long-term marketable securities 180 149
Property, plant and equipment, net 685 726
Investment in GLOBALFOUNDRIES 0 278
Acquisition related intangible assets, net 100 8
Goodwill 553 323
Other assets 279 241
Total assets 4,612 4,954
Current liabilities:    
Accounts payable 412 363
Payable to GLOBALFOUNDRIES 448 177
Accrued liabilities 534 550
Deferred income on shipments to distributors 110 123
Current portion of long-term debt and capital lease obligations 5 489
Other current liabilities 46 72
Total current liabilities 1,555 1,774
Long-term debt and capital lease obligations, less current portion 2,035 1,527
Other long-term liabilities 33 63
Capital stock:    
Common stock, par value $0.01; 1,500 shares authorized on September 29, 2012 and December 31, 2011; shares issued: 721 on September 29, 2012 and 706 shares on December 31, 2011; shares outstanding: 712 on September 29, 2012 and 698 shares on December 31, 2011 7 7
Additional paid-in capital 6,780 6,672
Treasury stock, at cost (9 shares on September 29, 2012 and December 31, 2011) (109) (107)
Accumulated other comprehensive loss 2 5
Accumulated deficit (5,687) (4,977)
Total stockholders' equity 989 1,590
Total liabilities and stockholders' equity $ 4,612 $ 4,954