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. 29, 2013
Dec. 29, 2012
Current assets:    
Cash and cash equivalents $ 334 $ 549
Marketable securities 634 453
Total cash and cash equivalents and marketable securities 968 1,002
Accounts receivable, net 670 630
Inventories, net 711 562
Prepaid expenses and other current assets 109 71
Total current assets 2,458 2,265
Long-term marketable securities 149 181
Property, plant and equipment, net 402 658
Acquisition related intangible assets, net 87 96
Goodwill 553 553
Other assets 248 247
Total assets 3,897 4,000
Current liabilities:    
Accounts payable 402 278
Payable to GLOBALFOUNDRIES 414 454
Accrued liabilities 475 489
Deferred income on shipments to distributors 129 108
Current portion of long-term debt and capital lease obligations 5 5
Other current liabilities 26 63
Total current liabilities 1,451 1,397
Long-term debt and capital lease obligations, less current portion 2,042 2,037
Other long-term liabilities 45 28
Capital stock:    
Common stock, par value $0.01; 1,500 shares authorized on June 29, 2013 and December 29, 2012; shares issued: 729 on June 29, 2013 and 722 shares on December 29, 2012; shares outstanding: 720 on June 29, 2013 and 713 shares on December 29, 2012 7 7
Additional paid-in capital 6,848 6,803
Treasury stock, at cost (10 shares on June 29, 2013 and 9 shares on December 29, 2012) (110) (109)
Accumulated deficit (6,380) (6,160)
Accumulated other comprehensive loss (6) (3)
Total stockholders' equity 359 538
Total liabilities and stockholders' equity $ 3,897 $ 4,000