Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
shares in Millions, $ in Millions
Dec. 25, 2021
Dec. 26, 2020
Current assets:    
Cash and cash equivalents $ 2,535 $ 1,595
Short-term investments 1,073 695
Accounts receivable, net 2,706 2,066
Inventories 1,955 1,399
Receivables from related parties 2 10
Prepaid expenses and other current assets 312 378
Total current assets 8,583 6,143
Property and equipment, net 702 641
Operating lease right-of-use assets 367 208
Goodwill 289 289
Investment: equity method 69 63
Deferred tax assets 931 1,245
Other non-current assets 1,478 373
Total assets 12,419 8,962
Current liabilities:    
Accounts payable 1,321 468
Payables to related parties 85 78
Accrued liabilities 2,424 1,796
Current portion of long-term debt, net 312 0
Other current liabilities 98 75
Total current liabilities 4,240 2,417
Long-term debt, net of current portion 1 330
Long-term operating lease liabilities 348 201
Other long-term liabilities 333 177
Commitments and Contingencies (see Notes 16 and 17)
Stockholders’ equity:    
Common Stock, Value, Issued 12 12
Additional paid-in capital $ 11,069 $ 10,544
Treasury stock (shares) 25 6
Treasury Stock, Value $ (2,130) $ (131)
Accumulated deficit (1,451) (4,605)
Accumulated other comprehensive income (loss) (3) 17
Total stockholders’ equity 7,497 5,837
Total liabilities and stockholders’ equity $ 12,419 $ 8,962