Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

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Condensed Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
 9 Months Ended
Sep. 27, 2014
Sep. 28, 2013
Cash flows from operating activities:    
Net loss $ (39) $ (172)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 155 182
Net loss on disposal of property, plant and equipment 0 30
Stock-based compensation expense 65 67
Non-cash interest expense 11 18
Loss on debt redemptions 64 0
Other (9) 1
Changes in operating assets and liabilities:    
Accounts receivable (144) (242)
Inventories (14) (360)
Prepaid expenses and other assets (156) (85)
Payable to GLOBALFOUNDRIES (47) 41
Accounts payable, accrued liabilities and other (100) 351
Net cash used in operating activities (214) (169)
Cash flows from investing activities:    
Purchases of available-for-sale securities (646) (985)
Purchases of property, plant and equipment (73) (63)
Proceeds from sales and maturities of available-for-sale securities 664 969
Proceeds from sale of property, plant, and equipment 0 238
Net cash provided by (used in) investing activities (55) 159
Cash flows from financing activities:    
Proceeds from issuance of common stock 4 3
Proceeds from borrowings, net 1,080 0
Net proceeds from grants 5 6
Repayments of long-term debt and capital lease obligations (1,043) (4)
Other (6) (1)
Net cash provided by financing activities 40 4
Net decrease in cash and cash equivalents (229) (6)
Cash and cash equivalents at beginning of period 869 549
Cash and cash equivalents at end of period $ 640 $ 543