Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.8.0.1
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents [1],[2] $ 1,185 $ 1,264
Accounts receivable, net [1],[2] 400 311
Inventories, net [1],[2] 739 751
Prepayment and other receivables - related parties [1],[2] 33 32
Prepaid expenses [1],[2] 77 63
Other current assets [1],[2] 188 109
Total current assets [1],[2] 2,622 2,530
Property, plant and equipment, net [1],[2] 261 164
Goodwill [1],[2] 289 289
Investment: equity method [1],[2] 58 59
Other assets [1],[2] 310 279
Total assets [1],[2] 3,540 3,321
Current liabilities:    
Short-term debt [1],[2] 70 0
Accounts payable [1],[2] 384 440
Payables to related parties [1],[2] 412 383
Accrued liabilities [1],[2] 541 391
Other current liabilities [1],[2] 57 69
Deferred income on shipments to distributors [1],[2] 22 63
Total current liabilities [1],[2] 1,486 1,346
Long-term debt, net [1],[2] 1,325 1,435
Other long-term liabilities [1],[2] 118 124
Commitments and contingencies (see Notes 16 and 17) [1],[2]
Stockholders’ equity:    
Common stock, par value $0.01; 1,500 shares authorized on December 30, 2017 and December 31, 2016; shares issued: 979 shares on December 30, 2017 and 949 shares on December 31, 2016; shares outstanding: 967 shares on December 30, 2017 and 935 shares on December 31, 2016 [1],[2] 9 9
Additional paid-in capital [1],[2] 8,464 8,334
Treasury stock, at cost (12 shares on December 30, 2017 and 14 shares on December 31, 2016) [1],[2] (108) (119)
Accumulated deficit [1],[2] (7,760) (7,803)
Accumulated other comprehensive income (loss) [1],[2] 6 (5)
Total stockholders’ equity [1],[2] 611 416
Total liabilities and stockholders’ equity [1],[2] $ 3,540 $ 3,321
[1] Amounts reflected adoption of FASB ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs beginning in the first quarter of 2016.
[2] Amounts reflected adoption of FASB ASU 2015-17, Balance Sheet Classification of Deferred Taxes beginning in the first quarter of 2016.