Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets (USD $)
In Millions
Jul. 02, 2011
Dec. 25, 2010
ASSETS    
Cash and cash equivalents $ 554 $ 606 [1]
Marketable securities 1,307 1,183 [1]
Total cash and cash equivalents and marketable securities 1,861 1,789 [1]
Accounts receivable, net 759 968 [1]
Inventories, net 642 632 [1]
Prepaid expenses and other current assets 176 205 [1]
Total current assets 3,438 3,594 [1]
Property, plant and equipment, net 686 700 [1]
Investment in GLOBALFOUNDRIES 486 0 [1]
Acquisition related intangible assets, net 19 37 [1]
Goodwill 323 323 [1]
Other assets 272 310 [1]
Total assets 5,224 4,964 [1]
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts payable 455 376 [1]
Accounts payable to GLOBALFOUNDRIES 117 205 [1]
Accrued liabilities 575 698 [1]
Deferred income on shipments to distributors 132 143 [1]
Other short-term obligations 0 229 [1]
Current portion of long-term debt and capital lease obligations 4 4 [1]
Other current liabilities 29 19 [1]
Total current liabilities 1,312 1,674 [1]
Long-term debt and capital lease obligations, less current portion 2,195 2,188 [1]
Other long-term liabilities 76 82 [1]
Accumulated loss in excess of investment in GLOBALFOUNDRIES 0 7 [1]
Commitments and contingencies (see Note 10)     [1]
Stockholders' equity:    
Common stock, par value $0.01; 1,500 shares authorized on July 2, 2011 and December 25, 2010; shares issued: 699 on July 2, 2011 and 691 on December 25, 2010; shares outstanding: 691 on July 2, 2011 and 683 on December 25, 2010 7 7 [1]
Additional paid-in capital 6,637 6,575 [1]
Treasury stock, at cost (8 shares on July 2, 2011 and December 25, 2010) (106) (102) [1]
Accumulated deficit (4,897) (5,468) [1]
Accumulated other comprehensive income 0 1 [1]
Total stockholders' equity 1,641 1,013 [1]
Total liabilities and stockholders' equity $ 5,224 $ 4,964 [1]
[1] Amounts as of December 25, 2010 were derived from the December 25, 2010 audited financial statements.