Consolidated Balance Sheets

December 25, 2010 and December 26, 2009 (In Millions, Except Par Value)	2010		2009

Assets
Current assets:
Cash and cash equivalents	$	5,498	$	3,987
Short-term investments		11,294		5,285
Trading assets		5,093		4,648
Accounts receivable, net of allowance for doubtful accounts of $28 ($19 in 2009)		2,867		2,273
Inventories		3,757		2,935
Deferred tax assets		1,488		1,216
Other current assets		1,614		813
Total current assets		31,611		21,157
Property, plant and equipment, net		17,899		17,225
Marketable equity securities		1,008		773
Other long-term investments		3,026		4,179
Goodwill		4,531		4,421
Other long-term assets		5,111		5,340
Total assets	$	63,186	$	53,095

Liabilities and stockholders' equity
Current liabilities:
Short-term debt	$	38	$	172
Accounts payable		2,290		1,883
Accrued compensation and benefits		2,888		2,448
Accrued advertising		1,007		773
Deferred income on shipments to distributors		622		593
Other accrued liabilities		2,482		1,722
Total current liabilities		9,327		7,591
Long-term income taxes payable		190		193
Long-term debt		2,077		2,049
Long-term deferred tax liabilities		926		555
Other long-term liabilities		1,236		1,003
Commitments and contingencies (Notes 23 and 29)
Stockholders' equity:
Preferred stock, $0.001 par value, 50 shares authorized; none issued		—		—
Common stock, $0.001 par value, 10,000 shares authorized; 5,581 issued and 5,511 outstanding (5,523 issued and outstanding in 2009) and capital in excess of par value		16,178		14,993
Accumulated other comprehensive income (loss)		333		393
Retained earnings		32,919		26,318
Total stockholders' equity		49,430		41,704
Total liabilities and stockholders' equity	$	63,186	$	53,095

See accompanying notes.