Advanced Micro Devices, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Financial Instruments (Tables)

Financial Instruments (Tables)

3 Months Ended

Mar. 28, 2015

Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract]

Summary of Available-for-sale Securities



	Total Fair Value		Cash and Cash Equivalents		Short-Term Marketable Securities
	(In millions)
March 28, 2015
Cash	$	402	$	402	$	—
Level 2^{(2) (3)}
Commercial paper	500		275		225
Corporate bonds	4		—		4
Total level 2	504		275		229
Total	$	906	$	677	$	229



	Total Fair Value		Cash and Cash Equivalents		Short-Term Marketable Securities
	(In millions)
December 27, 2014
Cash	$	391	$	391	$	—
Level 1^{(1) (2)}
Money market funds	4		4		—
Total level 1	4		4		—
Level 2^{(2) (3)}
Commercial paper	618		410		208
Corporate bonds	27		—		27
Total level 2	645		410		235
Total	$	1,040	$	805	$	235

Financial Instruments Not Recorded at Fair Value on a Recurring Basis



	March 28, 2015				December 27, 2014
	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
	(In millions)
Short-term debt (excluding capital leases)	$	230	$	230	$	172	$	173
Long-term debt (excluding capital leases)	$	2,025	$	1,906	$	2,025	$	1,858

Schedule of Derivative Instruments, Gain (Loss) in Statement of Operations



	Three Months Ended
	March 28, 2015			March 29, 2014
	(In millions)
Foreign Currency Forward Contracts - gains (losses)
Contracts designated as cash flow hedging instruments
Other comprehensive loss	$	(7	)	$	(1	)
Cost of sales	(1		)	—
Research and development	(2		)	(1		)
Marketing, general and administrative	(1		)	(1		)
Contracts not designated as hedging instruments
Other expense, net	$	(1	)	$	(1	)

Schedule of Derivative Instruments in Balance Sheet



	March 28, 2015			December 27, 2014
	(In millions)
Foreign Currency Forward Contracts - gains (losses)
Contracts designated as cash flow hedging instruments	$	(13	)	$	(6	)
Contracts not designated as hedging instruments	$	(1	)	$	(1	)



	March 28, 2015		December 27, 2014
	(In millions)
Interest Rate Swap Contracts - gains (losses)
Contracts designated as fair value hedging instruments	$	3	$	3

- Definition

Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities.

+ References + Details