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December 29, 2001 and December 30, 2000
(In millions—except par value) |
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2001 |
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2000 |
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| Assets |
| Current assets: |
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Cash and cash equivalents |
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$ |
7,970 |
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$ |
2,976 |
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Short-term investments |
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2,356 |
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10,497 |
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Trading assets |
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1,224 |
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350 |
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Accounts receivable, net of allowance
for |
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doubtful accounts of $68 ($84
in 2000) |
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2,607 |
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4,129 |
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Inventories |
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2,253 |
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2,241 |
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Deferred tax assets |
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958 |
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721 |
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Other current assets |
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265 |
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236 |
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| Total current assets |
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17,633 |
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21,150 |
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| Property, plant and equipment: |
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Land and buildings |
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10,709 |
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7,416 |
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Machinery and equipment |
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21,605 |
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15,994 |
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Construction in progress |
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2,042 |
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4,843 |
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34,356 |
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28,253 |
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Less accumulated depreciation |
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16,235 |
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13,240 |
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| Property, plant and equipment,
net |
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18,121 |
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15,013 |
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| Marketable strategic equity
securities |
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155 |
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1,915 |
| Other long-term investments
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1,319 |
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1,797 |
| Goodwill, net |
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4,330 |
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4,977 |
| Acquisition-related intangibles,
net |
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797 |
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964 |
| Other assets |
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2,040 |
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2,129 |
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Total assets |
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$ |
44,395 |
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$ |
47,945 |
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| Liabilities and stockholders'
equity |
| Current liabilities: |
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Short-term debt |
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$ |
409 |
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$ |
378 |
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Accounts payable |
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1,769 |
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2,387 |
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Accrued compensation and benefits |
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1,179 |
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1,696 |
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Accrued advertising |
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560 |
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782 |
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Deferred income on shipments to distributors |
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418 |
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674 |
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Other accrued liabilities |
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1,247 |
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1,440 |
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Income taxes payable |
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988 |
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1,293 |
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| Total current liabilities |
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6,570 |
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8,650 |
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| Long-term debt |
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1,050 |
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707 |
| Deferred tax liabilities |
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945 |
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1,266 |
| Commitments and contingencies |
| Stockholders' equity: |
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Preferred stock, $0.001 par value,
50 shares |
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authorized; none issued |
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— |
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— |
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Common stock, $0.001 par value,
10,000 shares |
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authorized; 6,690
issued and outstanding |
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(6,721 in 2000) and capital in
excess of par value |
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8,833 |
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8,486 |
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Acquisition-related unearned stock compensation |
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(178) |
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(97) |
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Accumulated other comprehensive income |
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25 |
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195 |
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Retained earnings |
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27,150 |
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28,738 |
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| Total stockholders' equity |
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35,830 |
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37,322 |
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Total liabilities and stockholders' equity |
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$ |
44,395 |
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$ |
47,945 |
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See accompanying notes. |
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