CONDENSED CONSOLIDATED BALANCE SHEETS
(Millions)
September 30,
2017 | December 31,
2016 | |||||||
Assets | ||||||||
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 | ||||
Liabilities and Stockholders' Equity | ||||||||
Current liabilities: | ||||||||
Short-term debt | 70 | — | ||||||
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 | ||||||
Stockholders' equity: | ||||||||
Capital stock: | ||||||||
Common stock, par value | 10 | 9 | ||||||
Additional paid-in capital | 8,437 | 8,334 | ||||||
Treasury stock, at cost | (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 |