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
Sep. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 879 $ 1,264
Accounts receivable, net 771 311
Inventories, net 794 751
Prepayment and other receivables - related parties 26 32
Prepaid expenses 72 63
Other current assets 157 109
Total current assets 2,699 2,530
Property, plant and equipment, net 236 164
Goodwill 289 289
Investment: equity method 57 59
Other assets 305 279
Total assets 3,586 3,321
Current liabilities:    
Short-term debt 70 0
Accounts payable 472 440
Payables to related parties 444 383
Accrued liabilities 460 391
Other current liabilities 73 69
Deferred income on shipments to distributors 72 63
Total current liabilities 1,591 1,346
Long-term debt, net 1,356 1,435
Other long-term liabilities 119 124
Commitments and contingencies (See Note 12)  
Capital stock:    
Common stock, par value $0.01; 1,500 shares authorized on September 30, 2017 and December 31, 2016; shares issued: 977 on September 30, 2017 and 949 shares on December 31, 2016; shares outstanding: 965 on September 30, 2017 and 935 shares on December 31, 2016 10 9
Additional paid-in capital 8,437 8,334
Treasury stock, at cost (12 shares on September 30, 2017 and 14 shares on December 31, 2016) (108) (119)
Accumulated deficit (7,821) (7,803)
Accumulated other comprehensive income (loss) 2 (5)
Total stockholders’ equity 520 416
Total liabilities and stockholders’ equity $ 3,586 $ 3,321