Annual report pursuant to Section 13 and 15(d)

Other Financial Statement Details

v3.21.4
Other Financial Statement Details
 12 Months Ended
Dec. 25, 2021
Other Financial Statement Details [Abstract]  
Other Financial Statement Details [Text Block]
Note 6 : Other Financial Statement Details
Inventories
(In Millions)
 Dec 25, 2021 Dec 26, 2020
Raw materials $ 1,441  $ 908 
Work in process 6,656  5,693 
Finished goods 2,679  1,826 
Total inventories $ 10,776  $ 8,427 
Property, Plant and Equipment
(In Millions) Dec 25, 2021 Dec 26, 2020
Land and buildings $ 40,039  $ 37,536 
Machinery and equipment 86,955  79,384 
Construction in progress 21,545  17,309 
Total property, plant and equipment, gross 148,539  134,229 
Less: accumulated depreciation (85,294) (77,645)
Total property, plant and equipment, net $ 63,245  $ 56,584 
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 25 years.
Net property, plant and equipment by country at the end of each period was as follows:
(In Millions) Dec 25, 2021 Dec 26, 2020
United States $ 43,428  $ 38,829 
Israel 7,754  7,837 
Ireland 7,503  5,828 
Other countries 4,560  4,090 
Total property, plant and equipment, net $ 63,245  $ 56,584 
Other Accrued Liabilities
Other accrued liabilities include deferred compensation of $2.8 billion as of December 25, 2021 ($2.5 billion as of December 26, 2020) and collateral received for derivatives under credit support annex agreements of $1.0 billion as of December 25, 2021 ($2.0 billion as of December 26, 2020).
AdvertisingAdvertising costs, including direct marketing, are expensed as incurred and recorded within MG&A expenses. Advertising costs were $1.1 billion in 2021 ($763 million in 2020 and $832 million in 2019).
Interest and Other, Net
Years Ended (In Millions) Dec 25, 2021 Dec 26, 2020 Dec 28, 2019
Interest income $ 144  $ 272  $ 483 
Interest expense (597) (629) (489)
Other, net (29) (147) 490 
Total interest and other, net $ (482) $ (504) $ 484 
Interest expense in the preceding table is net of $398 million of interest capitalized in 2021 ($338 million in 2020 and $472 million in 2019).