Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 26, 2016
Dec. 26, 2015
Current assets:    
Cash and cash equivalents $ 716 $ 785
Accounts receivable, net of allowances of $0 and $0 508 533
Inventories, net 675 678
Prepayment and other - GLOBALFOUNDRIES 26 33
Prepaid expenses 49 43
Other current assets 252 248
Total current assets 2,226 2,320
Property, plant and equipment, net 176 188
Goodwill 278 278
Other assets 301 298
Total assets 2,981 3,084
Current liabilities:    
Short-term debt 230 230
Accounts payable 324 279
Payable to GLOBALFOUNDRIES 233 245
Accrued liabilities 347 472
Other current liabilities 151 124
Deferred income on shipments to distributors 43 53
Total current liabilities 1,328 1,403
Long-term debt 2,006 2,007
Other long-term liabilities $ 150 86
Commitments and contingencies (See Note 11)  
Stockholders’ equity (deficit):    
Common stock, par value $0.01; 1,500 shares authorized on March 26, 2016 and December 26, 2015; shares issued: 807 shares on March 26, 2016 and 806 shares on December 26, 2015; shares outstanding: 793 shares on March 26, 2016 and 792 shares on December 26, 2015 $ 8 8
Additional paid-in capital 7,033 7,017
Treasury stock, at cost (14 shares on March 26, 2016 and December 26, 2015) (123) (123)
Accumulated deficit (7,415) (7,306)
Accumulated other comprehensive loss (6) (8)
Total stockholders’ equity (deficit) (503) (412)
Total liabilities and stockholders’ equity (deficit) $ 2,981 $ 3,084