Annual report pursuant to Section 13 and 15(d)

Other Financial Statement Details

v3.19.3.a.u2
Other Financial Statement Details
 12 Months Ended
Dec. 28, 2019
Other Financial Statement Details [Abstract]  
Other Financial Statement Details [Text Block]
NOTE 7 :
OTHER FINANCIAL STATEMENT DETAILS

INVENTORIES
(In Millions)
 
Dec 28,
2019
 
Dec 29,
2018
Raw materials
 
$
840

 
$
813

Work in process
 
6,225

 
4,511

Finished goods
 
1,679

 
1,929

Total inventories
 
$
8,744

 
$
7,253


PROPERTY, PLANT AND EQUIPMENT
(In Millions)
 
Dec 28,
2019
 
Dec 29,
2018
Land and buildings
 
$
37,743

 
$
30,954

Machinery and equipment
 
74,901

 
66,721

Construction in progress
 
16,063

 
16,643

Total property, plant and equipment, gross
 
128,707

 
114,318

Less: accumulated depreciation
 
(73,321
)
 
(65,342
)
Total property, plant and equipment, net
 
$
55,386

 
$
48,976


Substantially all of our depreciable property, plant and equipment assets are depreciated over the following estimated useful lives: machinery and equipment, 2 to 5 years, and buildings, 10 to 30 years.
Net property, plant and equipment by country at the end of each period was as follows:
(In Millions)
 
Dec 28,
2019
 
Dec 29,
2018
United States
 
$
35,262

 
$
27,512

Israel
 
8,463

 
8,861

China
 
5,315

 
6,417

Ireland
 
3,854

 
3,947

Other countries
 
2,492

 
2,239

Total property, plant and equipment, net
 
$
55,386

 
$
48,976


OTHER LONG-TERM ASSETS
(In Millions)
 
Dec 28,
2019
 
Dec 29,
2018
Non-current deferred tax assets
 
$
1,209

 
$
1,122

Pre-payments for property, plant and equipment
 
1,641

 
1,507

Loans receivable
 
554

 
479

Other
 
2,149

 
1,313

Total other long-term assets
 
$
5,553

 
$
4,421


OTHER ACCRUED LIABILITIES
Other accrued liabilities include deferred compensation of $2.1 billion as of December 28, 2019 ($1.7 billion as of December 29, 2018).
ADVERTISING
Advertising costs, including direct marketing, recorded within MG&A expenses were $832 million in 2019 ($1.2 billion in 2018 and $1.4 billion in 2017).
INTEREST AND OTHER, NET
The components of interest and other, net for each period were as follows:
Years Ended (In Millions)
 
Dec 28,
2019
 
Dec 29,
2018
 
Dec 30,
2017
Interest income
 
$
483

 
$
438

 
$
441

Interest expense
 
(489
)
 
(468
)
 
(646
)
Other, net
 
490

 
156

 
(144
)
Total interest and other, net
 
$
484


$
126


$
(349
)

Interest expense in the preceding table is net of $472 million of interest capitalized in 2019 ($496 million in 2018 and $313 million in 2017).