Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.21.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 27, 2021
Dec. 26, 2020
Current assets:    
Cash and cash equivalents $ 1,763 $ 1,595
Short-term investments 1,353 695
Accounts receivable, net 2,178 2,066
Inventories 1,653 1,399
Receivables from related parties 7 10
Prepaid expenses and other current assets 243 378
Total current assets 7,197 6,143
Property and equipment, net 681 641
Operating lease right-of-use assets 241 208
Goodwill 289 289
Investment: equity method 65 63
Deferred tax assets 1,162 1,245
Other non-current assets 412 373
Total assets 10,047 8,962
Current liabilities:    
Accounts payable 949 468
Payables to related parties 40 78
Accrued liabilities 1,779 1,796
Other current liabilities 96 75
Total current liabilities 2,864 2,417
Long-term debt, net 313 330
Long-term operating lease liabilities 238 201
Other long-term liabilities 155 177
Contingencies (See Note 12)
Capital stock:    
Common stock, par value $0.01; shares authorized: 2,250; shares issued: 1,221 and 1,217; shares outstanding: 1,215 and 1,211 12 12
Additional paid-in capital 10,658 10,544
Treasury stock, at cost (shares held: 6 and 6) (141) (131)
Accumulated deficit (4,058) (4,605)
Accumulated other comprehensive income 6 17
Total stockholders’ equity 6,477 5,837
Total liabilities and stockholders’ equity $ 10,047 $ 8,962