Consolidated Balance Sheets

December 29, 2007 and December 30, 2006 (In Millions, Except Par Value)	2007		2006

Assets
Current assets:
Cash and cash equivalents	$	7,307	$	6,598
Short-term investments		5,490		2,270
Trading assets		2,566		1,134
Accounts receivable, net of allowance for doubtful accounts of $27 ($32 in 2006)		2,576		2,709
Inventories		3,370		4,314
Deferred tax assets		1,186		997
Other current assets		1,390		258
Total current assets		23,885		18,280
Property, plant and equipment, net		16,918		17,602
Marketable equity securities		987		398
Other long-term investments		4,398		4,023
Goodwill		3,916		3,861
Other long-term assets		5,547		4,204
Total assets	$	55,651	$	48,368
Liabilities and stockholders' equity
Current liabilities:
Short-term debt	$	142	$	180
Accounts payable		2,361		2,256
Accrued compensation and benefits		2,417		1,644
Accrued advertising		749		846
Deferred income on shipments to distributors		625		599
Other accrued liabilities		1,938		1,192
Income taxes payable		339		1,797
Total current liabilities		8,571		8,514
Long-term income taxes payable		785		—
Deferred tax liabilities		411		265
Long-term debt		1,980		1,848
Other long-term liabilities		1,142		989
Commitments and contingencies (Notes 20 and 21)
Stockholders' equity:
Preferred stock, $0.001 par value, 50 shares authorized; none issued		—		—
Common stock, $0.001 par value, 10,000 shares authorized; 5,818 issued and outstanding (5,766 in 2006) and capital in excess of par value		11,653		7,825
Accumulated other comprehensive income (loss)		261		(57)
Retained earnings		30,848		28,984
Total stockholders' equity		42,762	$	36,752
Total liabilities and stockholders' equity	$	55,651	$	48,368

See accompanying notes.