Advanced Micro Devices, Inc. Annual report pursuant to Section 13 and 15(d)

Debt, Secured Revolving Facility and Secured Revolving Line of Credit (Tables)

12 Months Ended

Dec. 28, 2019

The Company’s total debt as of December 28, 2019 and December 29, 2018 consisted of:



	December 28, 2019			December 29, 2018
	(In millions)
6.75% Notes	$	—		$	66
7.50% Notes	312			337
7.00% Notes	—			250
2.125% Notes	251			805
Secured Revolving Line of Credit	—			70
Total debt (principal amount)	$	563		$	1,528
Unamortized debt discount associated with 2.125% Notes	(73		)	(262		)
Unamortized debt issuance costs	(4		)	(16		)
Total debt (net)	$	486		1,250
Less: current portion	—			(136		)
Total debt, less current portion	$	486		$	1,114

The following table sets forth total interest expense recognized related to the 2.125% Notes for the year ended December 28, 2019:



	December 28, 2019		December 29, 2018
	(In millions)
Contractual interest expense	$	15	$	17
Interest cost related to amortization of debt issuance costs	$	1	$	1
Interest cost related to amortization of the debt discount	$	22	$	24

The 2.125% Notes consisted of the following:



	December 28, 2019			December 29, 2018
	(In millions)
Principal	$	251		$	805
Unamortized debt discount⁽¹⁾	(73		)	(262		)
Unamortized debt issuance costs	(3		)	(11		)
Net carrying amount	$	175		$	532
Carrying amount of the equity component, net⁽²⁾	$	95		$	305


⁽¹⁾	Included in the consolidated balance sheets within Long-term debt, net and amortized over the remaining life of the notes using the effective interest rate method.

⁽²⁾

Included in the consolidated balance sheets within additional paid-in capital, net of $3 million in equity issuance costs.

As of December 28, 2019, the Company’s future debt payment obligations for the respective fiscal years were as follows: