Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.2.0.727
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 27, 2015
Dec. 27, 2014
Current assets:    
Cash and cash equivalents $ 829 $ 805
Marketable securities 0 235
Accounts receivable, net of allowances of $0 and $0 687 818
Inventories, net 799 685
Prepayments to GLOBALFOUNDRIES 19 113
Prepaid expenses and other current assets 117 80
Total current assets 2,451 2,736
Property, plant and equipment, net 289 302
Acquisition related intangible assets, net 0 65
Goodwill 320 320
Other assets 321 344
Total assets 3,381 3,767
Current liabilities:    
Short-term debt 235 177
Accounts payable 454 415
Payable to GLOBALFOUNDRIES 197 218
Accrued and other current liabilities 462 558
Deferred income on shipments to distributors 51 72
Total current liabilities 1,399 1,440
Long-term debt 2,034 2,035
Other long-term liabilities 89 105
Capital stock:    
Common stock, par value $0.01; 1,500 shares authorized on June 27, 2015 and December 27, 2014; shares issued: 791 shares on June 27, 2015 and 788 shares on December 27, 2014; shares outstanding: 779 shares on June 27, 2015 and 776 shares on December 27, 2014 8 8
Additional paid-in capital 6,984 6,949
Treasury stock, at cost (12 shares on June 27, 2015 and December 27, 2014) (121) (119)
Accumulated deficit (7,007) (6,646)
Accumulated other comprehensive loss (5) (5)
Total stockholders’ equity (deficit) (141) 187
Total liabilities and stockholders’ equity (deficit) $ 3,381 $ 3,767