Quarterly report pursuant to Section 13 or 15(d)

Other Financial Statement Details

v3.22.2
Other Financial Statement Details
6 Months Ended
Jul. 02, 2022
Other Financial Statement Details [Abstract]  
Other Financial Statement Details
Note 4 : Other Financial Statement Details
Inventories
(In Millions)
Jul 2, 2022 Dec 25, 2021
Raw materials
$ 1,587  $ 1,441 
Work in process
6,164  6,656 
Finished goods
4,423  2,679 
Total inventories $ 12,174  $ 10,776 
Interest and Other, Net
  Three Months Ended Six Months Ended
(In Millions)
Jul 2, 2022 Jun 26, 2021 Jul 2, 2022 Jun 26, 2021
Interest income
$ 98  $ 37  $ 145  $ 74 
Interest expense
(109) (129) (233) (319)
Other, net
(108) (4) 966  (7)
Total interest and other, net $ (119) $ (96) $ 878  $ (252)
Interest expense is net of $154 million of interest capitalized in the second quarter of 2022 and $296 million in the first six months of 2022 ($96 million in the second quarter of 2021 and $193 million in the first six months of 2021). Other, net in the first six months of 2022 includes a gain of $1.0 billion resulting from the divestiture of our NAND memory business as more fully described in "Note 7: Acquisitions and Divestitures" within Notes to Consolidated Condensed Financial Statements.