Consolidated Balance Sheets

December 27, 2008 and December 29, 2007 (In Millions, Except Par Value)	2008		2007

Assets
Current assets:
Cash and cash equivalents	$	3,350	$	7,307
Short-term investments		5,331		5,490
Trading assets		3,162		2,566
Accounts receivable, net of allowance for doubtful accounts of $17 ($27 in 2007)		1,712		2,576
Inventories		3,744		3,370
Deferred tax assets		1,390		1,186
Other current assets		1,182		1,390
Total current assets		19,871		23,885
Property, plant and equipment, net		17,544		16,918
Marketable equity securities		352		987
Other long-term investments		2,924		4,398
Goodwill		3,932		3,916
Other long-term assets		6,092		5,547
Total assets	$	50,715	$	55,651

Liabilities and stockholders' equity
Current liabilities:
Short-term debt	$	102	$	142
Accounts payable		2,390		2,361
Accrued compensation and benefits		2,015		2,417
Accrued advertising		807		749
Deferred income on shipments to distributors		463		625
Other accrued liabilities		2,041		2,277
Total current liabilities		7,818		8,571
Long-term income taxes payable		736		785
Deferred tax liabilities		46		411
Long-term debt		1,886		1,980
Other long-term liabilities		1,141		1,142
Commitments and contingencies (Notes 18 and 24)
Stockholders' equity:
Preferred stock, $0.001 par value, 50 shares authorized; none issued		—		—
Common stock, $0.001 par value, 10,000 shares authorized; 5,562 issued and outstanding (5,818 in 2007) and capital in excess of par value		12,944		11,653
Accumulated other comprehensive income (loss)		(393)		261
Retained earnings		26,537		30,848
Total stockholders' equity		39,088		42,762
Total liabilities and stockholders' equity	$	50,715	$	55,651

See accompanying notes.