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. 28, 2014
Dec. 28, 2013
Current assets:    
Cash and cash equivalents $ 503 $ 869
Marketable securities 445 228
Accounts receivable, net of allowances of $0 and $0 872 832
Inventories, net 960 884
Prepaid expenses and other current assets 152 71
Total current assets 2,932 2,884
Long-term marketable securities 0 90
Property, plant and equipment, net 329 346
Acquisition related intangible assets, net 72 78
Goodwill 553 553
Other assets 360 386
Total assets 4,246 4,337
Current liabilities:    
Short-term debt 101 60
Accounts payable 511 519
Payable to GLOBALFOUNDRIES 295 364
Accrued and other current liabilities 480 530
Deferred income on shipments to distributors 118 145
Total current liabilities 1,505 1,618
Long-term debt 2,109 1,998
Other long-term liabilities 131 177
Capital stock:    
Common stock, par value $0.01; 1,500 shares authorized on June 28, 2014 and December 28, 2013; shares issued: 776 shares on June 28, 2014 and 735 shares on December 28, 2013; shares outstanding: 765 shares on June 28, 2014 and 725 shares on December 28, 2013 8 7
Additional paid-in capital 6,905 6,894
Treasury stock, at cost (11 shares on June 28, 2014 and 10 shares on December 28, 2013) (114) (112)
Accumulated deficit (6,299) (6,243)
Accumulated other comprehensive income (loss) 1 (2)
Total stockholders' equity 501 544
Total liabilities and stockholders' equity $ 4,246 $ 4,337