Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

v3.5.0.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 25, 2016
Dec. 26, 2015
Current assets:    
Cash and cash equivalents $ 957 $ 785
Accounts receivable, net of allowances of $0 and $0 671 533
Inventories, net 743 678
Prepayment and other - GLOBALFOUNDRIES 12 33
Prepaid expenses 68 43
Other current assets [1] 55 248
Total current assets 2,506 2,320
Property, plant and equipment, net 169 188
Goodwill 289 278
Investment in ATMP JV 62 0
Other assets [1],[2] 290 298
Total assets 3,316 3,084
Current liabilities:    
Short-term debt 226 230
Accounts payable 616 279
Payable to GLOBALFOUNDRIES 94 245
Payable to ATMP JV 150 0
Accrued liabilities [1] 392 472
Other current liabilities 61 124
Deferred income on shipments to distributors 42 53
Total current liabilities 1,581 1,403
Long-term debt [2] 2,012 2,007
Other long-term liabilities [1] 136 86
Commitments and contingencies (See Note 11)
Capital stock:    
Common stock, par value $0.01; 1,500 shares authorized on June 25, 2016 and December 26, 2015; shares issued: 810 shares on June 25, 2016 and 806 shares on December 26, 2015; shares outstanding: 795 shares on June 25, 2016 and 792 shares on December 26, 2015 8 8
Additional paid-in capital 7,053 7,017
Treasury stock, at cost (14 shares on June 25, 2016 and December 26, 2015) (125) (123)
Accumulated deficit (7,346) (7,306)
Accumulated other comprehensive loss (3) (8)
Total stockholders’ equity (deficit) (413) (412)
Total liabilities and stockholders’ equity (deficit) $ 3,316 $ 3,084
[1] Amounts reflected adoption of FASB ASU 2015-17, Balance Sheet Classification of Deferred Taxes beginning in the first quarter of 2016.
[2] Amounts reflected adoption of FASB ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs beginning in the first quarter of 2016.