Condensed Consolidated Balance Sheets (USD $)
In Thousands

Sep. 26, 2009

Dec. 27, 2008

Includes currency on hand as well as demand deposits with banks or financial institutions. It also includes other kinds of accounts that have the general characteristics of demand deposits in that the Entity may deposit additional funds at any time and also effectively may withdraw funds at any time without prior notice or penalty. Cash equivalents, excluding items classified as marketable securities, include short-term, highly liquid investments that are both readily convertible to known amounts of cash, and so near their maturity that they present minimal risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three years ago does not become a cash equivalent when its remaining maturity is three months. Compensating balance arrangements that do not legally restrict the withdrawal or usage of cash amounts may be reported as Cash and Cash Equivalents, while legally restricted deposits held as compensating balances against borrowing arrangements, contracts entered into with others, or company statements of intention with regard to particular deposits should not be reported as cash and cash equivalents.

+ References+ Details

$ 1,011,763

$ 696,335

Marketable securities

17,643

12,886

Accounts receivable, net

573,847

741,321

Inventories, net

373,290

425,312

Deferred income taxes

- Definition

The current portion of the aggregate tax effects as of the balance sheet date of all future tax deductions arising from temporary differences between tax basis and generally accepted accounting principles basis recognition of assets, liabilities, revenues and expenses, which can only be deducted for tax purposes when permitted under enacted tax laws; after deducting the allocated valuation allowance, if any, to reduce such amount to net realizable value. Deferred tax liabilities and assets shall be classified as current or noncurrent based on the classification of the related asset or liability for financial reporting. A deferred tax liability or asset that is not related to an asset or liability for financial reporting, including deferred tax assets related to carryforwards, shall be classified according to the expected reversal date of the temporary difference. An unrecognized tax benefit that is directly related to a position taken in a tax year that results in a net operating loss carryforward should be presented as a reduction of the related deferred tax asset.

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52,824

49,825

Prepaid expenses and other current assets

49,569

58,746

Total current assets

2,078,936

1,984,425

Property and equipment, net

444,172

445,252

Marketable securities

770,444

262,009

Restricted cash

2,044

1,941

Licensing agreements, net

8,885

16,013

Other intangible assets, net

212,070

214,941

Total assets

3,516,551

2,924,581

Current liabilities:

Accounts payable

185,668

160,094

Salaries and benefits payable

32,787

34,241

Accrued warranty costs

83,081

87,408

Accrued sales program costs

56,318

90,337

Deferred revenue

48,621

680

Other accrued expenses

141,021

86,341

Income taxes payable

14,102

20,075

Dividends payable

150,447

Total current liabilities

712,045

479,176

Deferred income taxes

- Definition

Represents the noncurrent portion of deferred tax liabilities, which result from applying the applicable tax rate to net taxable temporary differences pertaining to each jurisdiction to which the entity is obligated to pay income tax. A noncurrent taxable temporary difference is a difference between the tax basis and the carrying amount of a noncurrent asset or liability in the financial statements prepared in accordance with generally accepted accounting principles. In a classified statement of financial position, an enterprise shall separate deferred tax liabilities and assets into a current amount and a noncurrent amount. Deferred tax liabilities and assets shall be classified as current or noncurrent based on the classification of the related asset or liability for financial reporting. A deferred tax liability or asset that is not related to an asset or liability for financial reporting, including deferred tax assets related to carryforwards, shall be classified according to the expected reversal date of the temporary difference.

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8,447

4,070

Non-current income taxes

239,419

214,366

Other liabilities

1,242

1,115

Stockholders' equity:

Common stock, $0.005 par value, 1,000,000,000 shares authorized: Issued and outstanding shares - 200,596,000 as of September 26, 2009 and 200,363,000 as of December 27, 2008

1,002

Additional paid-in capital

35,428

Retained earnings

2,537,598

2,262,503

Accumulated other comprehensive loss

- Definition

Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at fiscal year-end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, and unrealized gains and losses on certain investments in debt and equity securities as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.

+ References+ Details

(18,630)

(37,651)

Total stockholders' equity

2,555,398

2,225,854

Total liabilities and stockholders' equity

$ 3,516,551

$ 2,924,581