Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jul. 01, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 760 $ 1,264
Marketable securities 84 0
Accounts receivable, net 614 311
Inventories, net 833 751
Prepayment and other receivables - related parties 10 32
Prepaid expenses 68 63
Other current assets 142 109
Total current assets 2,511 2,530
Property, plant and equipment, net 200 164
Goodwill 289 289
Investment: equity method 58 59
Other assets 312 279
Total assets 3,370 3,321
Current liabilities:    
Short-term debt 42 0
Accounts payable 483 440
Payables to related parties 374 383
Accrued liabilities 430 391
Other current liabilities 48 69
Deferred income on shipments to distributors 72 63
Total current liabilities 1,449 1,346
Long-term debt, net 1,375 1,435
Other long-term liabilities 129 124
Commitments and contingencies (See Note 12)
Capital stock:    
Common stock, par value $0.01; 1,500 shares authorized on July 1, 2017 and December 31, 2016; shares issued: 959 on July 1, 2017 and 949 shares on December 31, 2016; shares outstanding: 947 on July 1, 2017 and 935 shares on December 31, 2016 9 9
Additional paid-in capital 8,405 8,334
Treasury stock, at cost (12 shares on July 1, 2017 and 14 shares on December 31, 2016) (105) (119)
Accumulated deficit (7,892) (7,803)
Accumulated other comprehensive loss 0 (5)
Total stockholders’ equity 417 416
Total liabilities and stockholders’ equity $ 3,370 $ 3,321