Advanced Micro Devices (AMD) 10-Q 26 Oct 16 2016 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 24, 2016	Oct. 21, 2016
Document Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 24, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3
Trading Symbol	AMD
Entity Registrant Name	ADVANCED MICRO DEVICES INC
Entity Central Index Key	2,488
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		926,868,716

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 24, 2016	Sep. 26, 2015	Sep. 24, 2016	Sep. 26, 2015
Income Statement [Abstract]
Net revenue	$ 1,307	$ 1,061	$ 3,166	$ 3,033
Cost of sales	1,248	822	2,519	2,236
Gross margin	59	239	647	797
Research and development	259	241	744	718
Marketing, general and administrative	117	108	339	373
Amortization of acquired intangible assets	0	0	0	3
Restructuring and other special charges, net	0	48	(10)	135
Licensing gain	(24)	0	(57)	0
Operating loss	(293)	(158)	(369)	(432)
Interest expense	(41)	(39)	(122)	(119)
Other income (expense), net	(63)	0	87	(3)
Loss before equity loss and income taxes	(397)	(197)	(404)	(554)
Provision for income taxes	4	0	34
Equity in income (loss) of ATMP JV	(5)	0	(8)	0
Net loss	$ (406)	$ (197)	$ (446)	$ (558)
Net loss per share
Basic (in usd per share)	$ (0.50)	$ (0.25)	$ (0.56)	$ (0.72)
Diluted (in usd per share)	$ (0.50)	$ (0.25)	$ (0.56)	$ (0.72)
Shares used in per share calculation
Basic (in shares)	815	785	801	780
Diluted (in shares)	815	785	801	780

Condensed Consolidated Stateme3

Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 24, 2016	Sep. 26, 2015	Sep. 24, 2016	Sep. 26, 2015
Statement of Comprehensive Income [Abstract]
Net loss	$ (406)	$ (197)	$ (446)	$ (558)
Unrealized gains (losses) on available-for-sale securities:
Unrealized gains (losses) arising during the period, net of tax effects of $0, $0, $1 and $0	1	(3)	0	(3)
Unrealized gains (losses) on cash flow hedges:
Unrealized gains (losses) arising during the period, net of tax effects of $0, $0, $3 and $0	0	(13)	4	(21)
Reclassification adjustment for (gains) losses realized and included in net income (loss), net of tax effects of $0, $0, $0 and $0	(1)	6	1	14
Total other comprehensive income (loss)	0	(10)	5	(10)
Total comprehensive loss	$ (406)	$ (207)	$ (441)	$ (568)

Condensed Consolidated Stateme4

Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) (Parenthetical) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 24, 2016	Sep. 26, 2015	Sep. 24, 2016	Sep. 26, 2015
Tax effects related to unrealized gains (losses) on available-for-sale securities:
Unrealized gains (losses) arising during the period	$ 0	$ 0	$ 1	$ 0
Tax effects related to unrealized gains (losses) on cash flow hedges:
Unrealized gains (losses) arising during the period	0	0	3	0
Reclassification adjustment for (gains) losses realized and included in net income (loss)	$ 0	$ 0	$ 0	$ 0

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions		Sep. 24, 2016	Dec. 26, 2015
Current assets:
Cash and cash equivalents		$ 1,258	$ 785
Accounts receivable, net of allowances of $0 and $0		640	533
Inventories, net		772	678
Prepayment and other - GLOBALFOUNDRIES		13	33
Prepaid expenses		63	43
Other current assets	[1]	78	248
Total current assets		2,824	2,320
Property, plant and equipment, net		161	188
Goodwill		289	278
Investment in ATMP JV		60	0
Other assets	[1],[2]	282	298
Total assets		3,616	3,084
Current liabilities:
Short-term debt		0	230
Accounts payable		582	279
Payable to GLOBALFOUNDRIES		284	245
Payable to ATMP JV		144	0
Accrued liabilities	[1]	384	472
Other current liabilities		25	124
Deferred income on shipments to distributors		54	53
Total current liabilities		1,473	1,403
Long-term debt, net	[2]	1,632	2,007
Other long-term liabilities	[1]	126	86
Commitments and contingencies (See Note 13)
Capital stock:
Common stock, par value $0.01; 1,500 shares authorized on September 24, 2016 and December 26, 2015; shares issued: 941 shares on September 24, 2016 and 806 shares on December 26, 2015; shares outstanding: 926 shares on September 24, 2016 and 792 shares on December 26, 2015		9	8
Additional paid-in capital		8,258	7,017
Treasury stock, at cost (15 shares on September 24, 2016 and 14 shares on December 26, 2015)		(127)	(123)
Accumulated deficit		(7,752)	(7,306)
Accumulated other comprehensive loss		(3)	(8)
Total stockholders’ equity (deficit)		385	(412)
Total liabilities and stockholders’ equity (deficit)		$ 3,616	$ 3,084
[1]	Amounts reflected adoption of FASB ASU 2015-17, Balance Sheet Classification of Deferred Taxes beginning in the first quarter of 2016.
[2]	Amounts reflected adoption of FASB ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs beginning in the first quarter of 2016.

Condensed Consolidated Balance6

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Millions	Sep. 24, 2016	Dec. 26, 2015
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 0	$ 0
Common stock, par value (in usd per share)	$ 0.01	$ 0.01
Common stock, shares authorized	1,500,000,000	1,500,000,000
Common stock, shares issued	941,000,000	806,000,000
Common stock, shares outstanding	926,000,000	792,000,000
Treasury stock, shares	15,000,000	14,000,000

Condensed Consolidated Stateme7

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	9 Months Ended
	Sep. 24, 2016	Sep. 26, 2015
Cash flows from operating activities:
Net Loss	$ (446)	$ (558)
Adjustments to reconcile net loss to net cash used in operating activities:
Net gain on sale of equity interests in ATMP JV	(146)	0
Equity in loss of ATMP JV	1	0
Depreciation and amortization	99	133
Provision for deferred income taxes	11	0
Stock-based compensation expense	57	47
Non-cash interest expense	11	8
Restructuring and other special charges, net	0	83
Loss on debt redemption	61	0
Fair value of warrant issued related to sixth amendment to the WSA	240	0
Other	(5)	12
Changes in operating assets and liabilities:
Accounts receivable	(107)	164
Inventories	(94)	(93)
Prepayment and other - GLOBALFOUNDRIES	20	97
Prepaid expenses and other assets	(134)	(113)
Payable to ATMP JV	144	0
Payable to GLOBALFOUNDRIES	39	9
Accounts payable, accrued liabilities and other	151	(74)
Net cash used in operating activities	(98)	(285)
Cash flows from investing activities:
Net proceeds from sale of equity interests in ATMP JV	346	0
Purchases of available-for-sale securities	0	(227)
Purchases of property, plant and equipment	(56)	(64)
Proceeds from maturities of available-for-sale securities	0	462
Proceeds from sale of property, plant and equipment	0	8
Other	3	0
Net cash provided by investing activities	293	179
Cash flows from financing activities:
Proceeds from issuance of common stock, net of issuance costs	668	0
Proceeds from issuance of convertible senior notes, net of issuance costs	681	0
Proceeds from issuance of common stock under stock-based compensation equity plans	12	1
Proceeds from (repayments of) borrowings, net	(230)	100
Repayments of long-term debt	(848)	(44)
Other	(5)	(1)
Net cash provided by financing activities	278	56
Net increase (decrease) in cash and cash equivalents	473	(50)
Cash and cash equivalents at beginning of period	785	805
Cash and cash equivalents at end of period	$ 1,258	$ 755

Basis of Presentation and Signi

Basis of Presentation and Significant Accounting Policies	9 Months Ended
	Sep. 24, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation and Significant Accounting Policies	Basis of Presentation and Significant Accounting Policies Basis of Presentation. The accompanying unaudited condensed consolidated financial statements of Advanced Micro Devices, Inc. and its subsidiaries (the Company or AMD) have been prepared in accordance with U.S. generally accepted accounting principles (U.S. GAAP) for interim financial information and the instructions to Form 10-Q and Article 10 of Regulation S-X. The results of operations for the quarter and nine months ended September 24, 2016 shown in this report are not necessarily indicative of results to be expected for the full year ending December 31, 2016 . In the opinion of the Company’s management, the information contained herein reflects all adjustments necessary for a fair presentation of the Company’s results of operations, financial position and cash flows. All such adjustments are of a normal, recurring nature. The unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements in the Company’s Annual Report on Form 10-K for the year ended December 26, 2015 . The Company uses a 52 or 53 week fiscal year ending on the last Saturday in December. The quarters and nine months ended September 24, 2016 and September 26, 2015 each consisted of 13 weeks and 39 weeks, respectively. Principles of Consolidation. The condensed consolidated financial statements include the Company’s accounts and those of its wholly-owned subsidiaries. Upon consolidation, all significant inter-company accounts and transactions are eliminated. Recently Issued Accounting Standards Income Tax . In November 2015, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2015-17, Balance Sheet Classification of Deferred Taxes (ASU 2015-17) , which simplifies the presentation of deferred income taxes by requiring that all deferred tax assets and liabilities be classified as non-current on the consolidated balance sheet. The Company adopted ASU 2015-17 prospectively in the first quarter of 2016. As a result, the Company netted $31 million of deferred tax assets and deferred tax liabilities, respectively, and reclassified $8 million current deferred tax assets and $6 million current deferred tax liabilities to non-current deferred tax assets and liabilities, respectively, on its condensed consolidated balance sheet as of March 26, 2016. The prior period information was not retrospectively adjusted. Interest—Imputation of Interest. In April 2015, the FASB issued ASU No. 2015-03, Simplifying the Presentation of Debt Issuance Costs (ASU 2015-03) , which requires an entity to present such costs in the balance sheet as a direct deduction from the related debt liability rather than as an asset. Amortization of the costs will continue to be reported as interest expense. ASU 2015-03 is effective for fiscal years beginning after December 15, 2015 and interim periods within those fiscal years, with early adoption permitted. The new guidance will be applied retrospectively to each prior period presented. In August 2015, the FASB issued ASU 2015 -15 to amend ASU 2015-03 and address debt issuance costs related to line-of-credit arrangements. ASU 2015-15 allows an entity to present debt issuance costs related to a line-of-credit as an asset and subsequently amortize the deferred debt issuance costs ratably over the term of the line-of-credit arrangement, regardless of whether there are any outstanding borrowings on the arrangement. This accounting standard update did not impact the effective date of the previously issued guidance. The Company retrospectively adopted ASU 2015-03 and 2015-15 in the first quarter of 2016. As a result, the Company r eclassified the debt issuance costs from long-term assets to long-term debt by $23 million and $25 million as of March 26, 2016 and December 26, 2015, respectively, on its consolidated balance sheets. Inventory. In July 2015, the FASB issued ASU No. 2015-11, Simplifying the Measurement of Inventory (ASU 2015-11), which simplifies the measurement of inventory by requiring certain inventory to be measured at the lower of cost or net realizable value. The amendments in this ASU are effective for fiscal years beginning after December 15, 2016 and for interim periods therein, with early adoption permitted. The Company is currently evaluating the impact from its adoption of ASU 2015-11 on its consolidated financial statements. Disclosure of Going Concern Uncertainties. In August 2014, the FASB issued ASU No. 2014-15, Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern (ASU 2014-15), which provides guidance on management’s responsibility in evaluating whether there is substantial doubt about a company’s ability to continue as a going concern and to provide related footnote disclosures. ASU 2014-15 is effective for fiscal years ending after December 15, 2016 and for interim and annual periods therein with early adoption permitted. The Company is not expecting any material impact of its pending adoption of ASU 2014-15 on its consolidated financial statements. Revenue Recognition. In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers: Topic 606 (ASU 2014-09), which creates a single source of revenue guidance under U.S. GAAP for all companies in all industries. The core principle of ASU 2014-09 is that revenue should be recognized in a manner that depicts the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. ASU 2014-09 defines a five-step process in order to achieve this core principle, which may require the use of judgment and estimates. ASU 2014-09 also requires expanded qualitative and quantitative disclosures relating to the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers, including significant judgments and estimates used. In July 2015, FASB announced a decision to defer the effective date for this ASU. ASU 2014-09 is effective for the Company in the first quarter of 2018 with early adoption permitted (for annual reporting periods beginning after December 15, 2016). The Company may adopt ASU 2014-09 either by using a full retrospective approach for all periods presented in the period of adoption or a modified retrospective approach. The Company is currently evaluating the impact of its pending adoption of ASU 2014-09 on its consolidated financial statements and has not yet determined which approach it will apply. Financial Instruments. In January 2016, FASB issued ASU No. 2016-01, Financial Instruments - Overall: Recognition and Measurement of Financial Assets and Financial Liabilities (ASU 2016-01), which provides guidance related to accounting for equity investments, financial liabilities under the fair value option, and the presentation and disclosure requirements for financial instruments. In addition, FASB clarified guidance related to the valuation allowance assessment when recognizing deferred tax assets resulting from unrealized losses on available-for-sale debt securities. ASU 2016-01 is effective for fiscal years beginning after December 15, 2017, including interim periods within that reporting period. The Company is currently evaluating the impact of its pending adoption of ASU 2016-01 on its consolidated financial statements. Leases. In February 2016, the FASB issued ASU No. 2016-02, Leases (ASU 2016-02), which increases transparency and comparability among organizations by recognizing all lease transactions (with terms in excess of 12 months) on the balance sheet as a lease liability and a right-of-use asset (as defined). ASU 2016-02 is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years, with early application permitted. Upon adoption, the lessee will apply the new standard retrospectively to all periods presented or retrospectively using a cumulative effect adjustment in the year of adoption. The Company is currently evaluating the impact of its pending adoption of ASU 2016-02 on its consolidated financial statements. Investments . In March 2016, the FASB issued ASU No. 2016-07, Investments – Equity Method and Joint Ventures (Topic 323): Simplifying the Transition to the Equity Method of Accounting (ASU 2016-07), which requires the equity method investor to add the cost of acquiring the additional interest in the investee to the current basis of the investor’s previously held interest and adopt the equity method of accounting as of the date the investment qualifies for equity method accounting. ASU 2016-07 is effective for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years with early application permitted. The Company is not expecting any material impact from its adoption of ASU 2016-07 on its consolidated financial statements. Stock Compensation. In March 2016, the FASB issued ASU No. 2016-09, Stock Compensation (ASU 2016-09), which is intended to simplify several aspects of the accounting for share-based payment award transactions. ASU 2016-09 is effective for fiscal years beginning after December 15, 2016, including interim periods. The Company is not expecting any material impact from its adoption of ASU 2016-09 on its consolidated financial statements. Statement of Cash Flows . In August 2016, the FASB issued ASU No. 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments (ASU 2016-15), which addresses eight specific cash flow issues with the objective of reducing the existing diversity in practice in how certain cash receipts and cash payments are presented and classified in the statement of cash flows. ASU 2016-15 is effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years with early adoption permitted, including adoption in an interim period. The Company is currently evaluating the impact of its pending adoption of ASU 2016-15 on its consolidated financial statements. Although there are several other new accounting pronouncements issued or proposed by the FASB, which the Company has adopted or will adopt, as applicable, the Company does not believe any of these accounting pronouncements has had or will have a material impact on its consolidated financial position or operating results.

Globalfoundries

Globalfoundries	9 Months Ended
	Sep. 24, 2016
Related Party Transactions [Abstract]
Globalfoundries	GLOBALFOUNDRIES Wafer Supply Agreement. The Wafer Supply Agreement (WSA) governs the terms by which the Company purchases products manufactured by GLOBALFOUNDRIES Inc. (GF). Fifth Amendment to Wafer Supply Agreement . On April 16, 2015 , the Company entered into a fifth amendment to the WSA (the Fifth Amendment). The primary effect of the fifth amendment was to establish volume purchase commitments and fixed pricing for the 2015 calendar year as well as to modify certain other terms of the WSA applicable to wafers for some of the Company's microprocessor unit, graphics processor unit and semi-custom products to be delivered by GF to the Company during the 2015 calendar year. Sixth Amendment to Wafer Supply Agreement . On August 30, 2016, the Company entered into a sixth amendment (the Sixth Amendment) to the WSA. The Sixth Amendment modifies certain terms of the WSA applicable to wafers for the Company’s microprocessor, graphics processor and semi-custom products for a five -year period from January 1, 2016 to December 31, 2020. The Company and GF agreed to establish a comprehensive framework for technology collaboration for the 7nm technology node. The Sixth Amendment also provides the Company a limited waiver with rights to contract with another wafer foundry with respect to certain products in the 14nm and 7nm technology nodes and gives the Company greater flexibility in sourcing foundry services across its product portfolio. In consideration for these rights, the Company will pay GF $100 million , which will be paid in installments starting in the fourth fiscal quarter of 2016 through the third fiscal quarter of 2017. Starting in 2017 and continuing through 2020, the Company also agreed to make quarterly payments to GF based on the volume of certain wafers purchased from another wafer foundry. Further, for each calendar year during the term of the Sixth Amendment, the Company and GF agreed to annual wafer purchase targets that increase from 2016 through 2020. If the Company does not meet the annual wafer purchase target for any calendar year, the Company will be required to pay to GF a portion of the difference between the Company’s actual wafer purchases and the wafer purchase target for that year. The annual targets were established based on the Company’s current business and market expectations and take into account the limited waiver it has received for certain products. The Company and GF also agreed on fixed pricing for wafers purchased during 2016 and established a framework to agree on annual wafer pricing for the years 2017 to 2020. The Company’s total purchases from GF related to wafer manufacturing and research and development activities for the quarters ended September 24, 2016 and September 26, 2015 were $186 million and $288 million , respectively. The Company’s total purchases from GF related to wafer manufacturing and research and development activities for the nine months ended September 24, 2016 and September 26, 2015 were $479 million and $704 million , respectively. The Company's currently expected purchases from GF for wafer manufacturing and research and development activities are approximately $257 million for the remainder of fiscal 2016. The Company expects that its future purchases from GF under the WSA, which is in place until 2024, will continue to be material. Warrant Agreement . Also on August 30, 2016, in consideration for the limited waiver and rights under the Sixth Amendment, the Company entered into a warrant agreement (the Warrant Agreement) with West Coast Hitech L.P. (WCH), a wholly-owned subsidiary of Mubadala Development Company PJSC (Mubadala). Under the Warrant Agreement, WCH and its permitted assigns are entitled to purchase 75 million shares of the Company’s common stock (the Warrant Shares) at a purchase price of $5.98 per share. The warrant under the Warrant Agreement is exercisable in whole or in part until February 29, 2020, provided that the maximum number of Warrant Shares that may be exercised under the one-year anniversary of the Warrant Agreement shall not exceed 50 million . Notwithstanding the foregoing, the Warrant Agreement will only be exercisable to the extent that Mubadala does not beneficially own, either directly through any other entities directly and indirectly owned by Mubadala or its subsidiaries, an aggregate of more than 19.99% of the Company’s outstanding capital stock after any such exercise. During the quarter and nine months ended September 24, 2016 , the Company recorded a charge of $340 million , consisting of the $100 million payment under the Sixth Amendment and the $240 million value of the warrant under the Warrant Agreement issued in consideration of the Sixth Amendment. The warrant, which was recorded as additional paid-in capital, was valued using the Black-Scholes Model, which considers the assumptions of 47.1% implied volatility and 0.99% risk-free rate based on the 3.5 -year warrant term, the Company's stock price of $7.49 per share on August 30, 2016 and the $5.98 strike price. GF continues to be a related party of the Company because Mubadala and Mubadala Technology Investments LLC (Mubadala Tech) are affiliated with WCH, the Company’s largest stockholder. GF, WCH and Mubadala Tech are wholly-owned subsidiaries of Mubadala.

Debt

Debt	9 Months Ended
	Sep. 24, 2016
Debt Disclosure [Abstract]
Debt	Debt 2.125% Convertible Senior Notes Due 2026 On September 14, 2016, the Company issued $700 million in aggregate principal amount of 2.125% Convertible Senior Notes due 2026 (2.125% Notes). The 2.125% Notes are general unsecured senior obligations of the Company and will mature on September 1, 2026, unless earlier repurchased or converted. Interest is payable in arrears on March 1 and September 1 of each year beginning on March 1, 2017. The 2.125% Notes are governed by the terms of a base indenture and a supplemental indenture (together the 2.125% Indentures) dated September 14, 2016 between the Company and Wells Fargo Bank, N.A., as trustee. Holders may convert their notes at their option at any time prior to the close of business on the business day immediately preceding June 1, 2026 only under the following circumstances: (1) during any calendar quarter commencing after the calendar quarter ending on September 30, 2016 (and only during such calendar quarter), if the last reported sale price of the Company's common stock for at least 20 trading days (whether or not consecutive) during a period of 30 consecutive trading days ending on the last trading day of the immediately preceding calendar quarter is greater than or equal to 130% of the conversion price on each applicable trading day; (2) during the five business day period after any ten consecutive trading day period (the “measurement period”) in which the trading price per $1,000 principal amount of notes for each trading day of the measurement period was less than 98% of the product of the last reported sale price of the Company's common stock and the conversion rate on each such trading day; or (3) upon the occurrence of specified corporate events. On or after June 1, 2026 until the close of business on the business day immediately preceding the maturity date, holders may convert their notes at any time, regardless of the foregoing circumstances. Upon conversion, the Company will pay or deliver, as the case may be, cash, shares of the Company's common stock or a combination of cash and shares of the Company's common stock, at the Company's election. The Company may not redeem the notes prior to the maturity date, and no sinking fund is provided for the notes. The conversion rate will initially be 125.0031 shares of common stock per $1,000 principal amount of notes (equivalent to an initial conversion price of approximately $8.00 per share of common stock). The conversion rate will be subject to adjustment in some events but will not be adjusted for any accrued and unpaid interest. In addition, following certain corporate events that occur prior to the maturity date, the Company will increase the conversion rate for a holder who elects to convert its notes in connection with such a corporate event in certain circumstances. If the Company undergoes a fundamental change prior to the maturity date of the notes, holders may require the Company to repurchase for cash all or any portion of their notes at a fundamental change repurchase price equal to 100% of the principal amount of the notes to be repurchased, plus accrued and unpaid interest to, but excluding, the fundamental change repurchase date. In accounting for the issuance of the 2.125% Notes, the Company separated the 2.125% Notes into liability and equity components. The carrying amounts of the liability component was calculated by measuring the fair value of a similar liability that does not have associated convertible features. The carrying amount of the equity component representing the conversion option was determined by deducting the fair value of the liability component from the par value of the 2.125% Notes as a whole. The excess of the principal amount of the liability component over its book value (debt discount) is accreted to interest expense over the term of the 2.125% Notes. The equity component is not remeasured as long as it continues to meet the conditions for equity classification. In accounting for the issuance costs related to the 2.125% Notes, the Company allocated the total amount of issuance costs incurred to the liability and equity components based on their relative fair values. Issuance costs attributable to the liability component are being amortized to interest expense over the term of the 2.125% Notes, and the issuance costs attributable to the equity component are netted against the equity component in additional paid-in capital. The Company recorded liability issuance costs of $12 million and equity issuance costs of $8 million . The 2.125% Notes consisted of the following: September 24, (In millions) Principal amounts: Principal $ 700 Unamortized debt discount (1) (273 ) Unamortized debt issuance costs (12 ) Net carrying amount $ 415 Carrying amount of the equity component (2) $ 266 (1) Included in the consolidated balance sheets within Long-term debt, net and amortized over the remaining life of the notes on the straight-line basis as it approximates the effective interest rate method. (2) Included in the consolidated balance sheets within additional paid-in capital, net of $8 million in equity issuance costs. As of September 24, 2016, the remaining life of the 2.125% Notes is approximately 120 months . Based on the closing price of the Company's common stock of $6.55 on September 23, 2016, the last business day of the third fiscal quarter, the if-converted value of the 2.125% Notes was less than the principal amount thereof. The effective interest rate of the liability component of the 2.125% Notes is 8% . This interest rate was based on the interest rates of similar liabilities at the time of issuance that did not have associated convertible features. The following table sets forth total interest expense recognized related to the 2.125% Notes for the three months ended September 24, 2016: September 24, (In millions) Contractual interest expense $ — Interest cost related to amortization of debt issuance costs — Interest cost related to amortization of the debt discount $ 1 The Company also granted an option to the underwriters to purchase an additional $105 million aggregate principal amount of the 2.125% Notes. On September 28, 2016, this option was exercised in full and the Company issued an additional $105 million aggregate principal amount of the 2.125% Notes. 6.75% Senior Notes Due 2019 During the third quarter of 2016, the Company repurchased $404 million in aggregate principal amount of its 6.75% Senior Notes Due 2019 (6.75% Notes) pursuant to a partial tender offer for $442 million , which included payment of accrued and unpaid interest of $2 million . The Company incurred a total loss of $41 million in connection with the foregoing repurchase of the 6.75% Notes. As of September 24, 2016, the outstanding aggregate principal amount of the 6.75% Notes was $196 million . 7.75% Senior Notes Due 2020 During the third quarter of 2016, the Company repurchased $242 million in aggregate principal amount of its 7.75% Senior Notes Due 2020 (7.75% Notes) pursuant to a partial tender offer for $251 million , which included payment of accrued and unpaid interest of $3 million . The Company incurred a total loss of $9 million in connection with the foregoing repurchase of the 7.75% Notes. As of September 24, 2016, the outstanding aggregate principal amount of the 7.75% Notes was $208 million . On September 28, 2016, the Company redeemed the remaining $208 million in aggregate principal amount of the 7.75% Notes. 7.50% Senior Notes Due 2022 During the third quarter of 2016, the Company repurchased $125 million in aggregate principal amount of its 7.50% Senior Notes Due 2022 (7.50% Notes) pursuant to a partial tender offer for $135 million , which included payment of accrued and unpaid interest of $1 million . The Company incurred a total loss of $10 million in connection with the foregoing repurchase of the 7.50% Notes. As of September 24, 2016, the outstanding aggregate principal amount of the 7.50% Notes was $350 million . 7.00% Senior Notes Due 2024 During the third quarter of 2016, the Company repurchased $25 million in aggregate principal amount of its 7.00% Senior Notes Due 2024 (7.00% Notes) pursuant to a partial tender offer for $26 million , which included payment of accrued and unpaid interest that was less than $1 million . The Company incurred a total loss of $1 million in connection with the foregoing repurchase of the 7.00% Notes. As of September 24, 2016, the outstanding aggregate principal amount of the 7.00% Notes was $475 million .

Supplemental Balance Sheet Info

Supplemental Balance Sheet Information	9 Months Ended
	Sep. 24, 2016
Balance Sheet Related Disclosures [Abstract]
Supplemental Balance Sheet Information	Supplemental Balance Sheet Information Inventories September 24, December 26, (In millions) Raw materials $ 15 $ 16 Work in process 533 482 Finished goods 224 180 Total inventories, net $ 772 $ 678 Other Current Assets September 24, December 26, (In millions) Assets held-for-sale $ — $ 183 Other current assets 78 65 Total other current assets $ 78 $ 248 Property, Plant and Equipment September 24, December 26, (In millions) Leasehold improvements $ 148 $ 146 Equipment 741 821 Construction in progress 10 17 Property, plant and equipment, gross 899 984 Accumulated depreciation and amortization (738 ) (796 ) Total property, plant and equipment, net $ 161 $ 188 Other Assets September 24, December 26, (In millions) Software and technology licenses, net $ 235 $ 189 Other 47 109 Total other assets $ 282 $ 298 Accrued Liabilities September 24, December 26, (In millions) Accrued compensation and benefits $ 131 $ 95 Marketing programs and advertising expenses 97 109 Software and technology licenses payable 43 50 Other 113 218 Total accrued liabilities $ 384 $ 472 Other Current Liabilities September 24, December 26, (In millions) Liabilities related to assets held-for-sale $ — $ 79 Other current liabilities 25 45 Total other current liabilities $ 25 $ 124

Equity Interest Purchase Agreem

Equity Interest Purchase Agreement - ATMP Joint Venture	9 Months Ended
	Sep. 24, 2016
Discontinued Operations and Disposal Groups [Abstract]
Equity Interest Purchase Agreement - ATMP Joint Venture	Equity Interest Purchase Agreement - ATMP Joint Venture On April 29, 2016, the Company and certain of its subsidiaries completed the sale of a majority of the equity interests in Suzhou TF-AMD Semiconductor Co., Ltd., formerly AMD Technologies (China) Co., Ltd., and TF AMD Microelectronics (Penang) Sdn. Bhd., formerly Advanced Micro Devices Export Sdn. Bhd., to affiliates of Nantong Fujitsu Microelectronics Co., Ltd., a Chinese joint stock company (NFME), to form two joint ventures (collectively, the ATMP JV). As a result of the sale, NFME’s affiliates own 85% of the equity interests in each ATMP JV while certain of the Company’s subsidiaries own the remaining 15% . The Company has no obligations to fund the ATMP JV. As the result of the transaction, the Company received approximately $346 million , including purchase price adjustments, in net cash proceeds for selling 85% of the equity interest in each of Suzhou TF-AMD Semiconductor Co., Ltd. and TF AMD Microelectronics (Penang) Sdn. Bhd. These proceeds, net of certain transaction costs, were included in investing activities on the Company's condensed consolidated statements of cash flows for the nine months ended September 24, 2016. As a result of certain purchase price adjustments, the Company recognized a charge of $4 million in the third quarter of 2016, which resulted in a cumulative pre-tax gain on the sale of its 85% equity interest in ATMP JV of $146 million for the nine months ended September 24, 2016, which was recognized within Other income (expense), net on the Company's condensed consolidated statements of operations. The net pre-tax gain reflects the excess of the sum of net cash proceeds and fair value of the Company's retained 15% equity interests in the ATMP JV over the sum of the net book values of the Company's former subsidiaries and other closing costs directly attributed to the divestiture. The above gain includes $11 million of excess of fair value of the Company's retained interest over the corresponding net book values. In determining the fair value of the Company's retained 15% equity interests in the ATMP JV, the Company used quoted prices from comparable bids for this transaction. The Company also considered other factors including the control premium and the amount of consideration received for the portion sold. The Company accounts for its equity interests in the ATMP JV under the equity method of accounting due to its significant influence over the ATMP JV. As of September 24, 2016 , the carrying value of the Company's investment in the ATMP JV was approximately $60 million . Following the deconsolidation, the ATMP JV is a related party of the Company. The ATMP JV provides assembly, test, mark and pack (ATMP) services to the Company. The Company currently pays the ATMP JV for ATMP services on a cost-plus basis. The Company's total purchases from the ATMP JV during the quarter and nine months ended September 24, 2016 amounted to approximately $107 million and $173 million , respectively. The Company’s payable to the ATMP JV, as of September 24, 2016 was $144 million . During the quarter and nine months ended September 24, 2016 , the Company recorded $5 million and $8 million , respectively, of loss in Equity in income (loss) of ATMP JV on its condensed consolidated statements of operations, which includes certain expenses incurred by the Company on behalf of the ATMP JV.

Equity Joint Venture - Intellec

Equity Joint Venture - Intellectual Property Licensing Agreement	9 Months Ended
	Sep. 24, 2016
Equity Method Investments and Joint Ventures [Abstract]
Equity Joint Venture - Intellectual Property Licensing Agreement	Equity Joint Venture - Intellectual Property Licensing Agreement In February 2016, the Company and Tianjin Haiguang Advanced Technology Investment Co., Ltd. (THATIC), a third-party Chinese entity (JV Partner) formed a joint venture comprised of two separate legal entities, China JV1 and China JV2 (collectively, the China JVs). The Company’s equity share in China JV1 and China JV2 is a majority and minority interest, respectively, funded by the Company’s contribution of certain of its patents. The JV Partner is responsible for the initial and on-going financing of the China JVs’ operations. The Company has no obligations to fund the China JVs. The China JVs’ primary purpose is to support the Company’s expansion into the server and workstation product market in China. The Company licensed certain of its intellectual property (Licensed IP) to the China JVs for a total of approximately $293 million in license fees payable over several years contingent upon achievement of certain milestones. The Company also expects to receive a royalty based on the sales of the China JVs’ products to be developed on the basis of such Licensed IP. The Company will also provide certain engineering and technical support to the China JVs in connection with the product development. The Company concluded the China JV1 and China JV2 are not operating joint ventures and are variable interest entities due to their reliance on on-going financing by JV Partner. The Company determined that it is not the primary beneficiary of either China JV1 or China JV2 and will not consolidate either of these entities. The Company accounts for its investments in the China JVs under the equity method of accounting. Income related to the Licensed IP will be recognized over the period commencing upon delivery of the first Licensed IP milestone through the date of the milestone that requires the Company’s continuing involvement in the product development process, and thereafter, together with royalty payments, will be recognized in income once earned. The Company will classify Licensed IP income and royalty income as other operating income. During the quarter and nine months ended September 24, 2016 , the Company recognized $24 million and $57 million , respectively, of operating income related to the Licensed IP. The Company’s total exposure to losses through its investment into the China JVs is limited to the Company’s investments in the China JVs, which was zero as of September 24, 2016 . The Company’s share in the net losses of the China JVs for the quarter and nine months ended September 24, 2016 was not material and is not recorded in the Company’s condensed consolidated statement of operations since the Company is not obligated to fund the China JVs losses in excess of the Company’s investment in the China JVs. As of September 24, 2016 , the total assets and liabilities of the China JVs were not material.

Net Loss Per Share

Net Loss Per Share	9 Months Ended
	Sep. 24, 2016
Earnings Per Share [Abstract]
Net Loss Per Share	Net Loss Per Share Basic net loss per share is computed based on the weighted average number of shares outstanding. Diluted net loss per share is computed based on the weighted average number of shares outstanding plus any potentially dilutive shares outstanding. Potentially dilutive shares include stock options and restricted stock units and potentially dilutive shares issuable upon conversion of the 2.125% Notes and the exercise of the warrant under the Warrant Agreement. The following table sets forth the components of basic and diluted net loss per share: Three Months Ended Nine Months Ended September 24, September 26, September 24, September 26, (In millions, except per share amounts) Numerator – Net loss: Numerator for basic and diluted net loss per share $ (406 ) $ (197 ) $ (446 ) $ (558 ) Denominator – Weighted average shares Denominator for basic and diluted net loss per share 815 785 801 780 Net loss per share: Basic $ (0.50 ) $ (0.25 ) $ (0.56 ) $ (0.72 ) Diluted $ (0.50 ) $ (0.25 ) $ (0.56 ) $ (0.72 ) Potential shares from stock options, restricted stock units and the 2.125% Notes totaling 144 million for the third quarter of 2016 and potential shares from stock options and restricted stock units totaling 64 million for the third quarter of 2015 were not included in the net loss per share calculations, because their inclusion would have been anti-dilutive. Potential shares from employee stock options, restricted stock units, the 2.125% Notes and the warrant under the Warrant Agreement totaling 217 million for the nine months ended September 24, 2016 and potential shares from stock options and restricted stock units totaling 61 million for the nine months ended September 26, 2015 were not included in the net loss per share calculation, because their inclusion would have been anti-dilutive.

Financial Instruments

Financial Instruments	9 Months Ended
	Sep. 24, 2016
Investments, Debt and Equity Securities [Abstract]
Financial Instruments	Financial Instruments Cash and Cash Equivalents Cash and financial instruments measured and recorded at fair value on a recurring basis as of September 24, 2016 and December 26, 2015 are summarized below: September 24, 2016 December 26, 2015 (In millions) Cash and cash equivalents Cash $ 306 $ 409 Level 2 (1) (2) Commercial paper 952 376 Total level 2 952 376 Total $ 1,258 $ 785 (1) The Company did no t have any transfers between Level 1 and Level 2 of the fair value hierarchy during the quarter and nine months ended September 24, 2016 or the year ended December 26, 2015 . (2) The Company’s Level 2 short-term investments are valued using broker reports that utilize quoted market prices for identical or comparable instruments. Brokers gather observable inputs for all of the Company’s fixed income securities from a variety of industry data providers and other third-party sources. Available-for-sale securities held by the Company as of September 24, 2016 and December 26, 2015 consisted of commercial paper. The amortized cost of available-for-sale securities approximated the fair value for all periods presented. In addition to those amounts presented above, as of September 24, 2016 and December 26, 2015 , the Company had approximately $3 million and $1 million , respectively, of available-for-sale investments in money market funds, used as collateral for letters of credit deposits, which were included in Other current assets and Other assets, respectively, on the Company’s condensed consolidated balance sheets. These money market funds are classified within Level 1 because they are valued using quoted prices for identical instruments in active markets. Their amortized costs are the same as the fair value for all periods presented. The Company is restricted from accessing these deposits. Also in addition to those amounts presented above, as of September 24, 2016 and December 26, 2015 , the Company had approximately $14 million and $15 million , respectively, of available-for-sale investments in mutual funds held in a Rabbi trust established for the Company's deferred compensation plan, which were included in Other assets on the Company's condensed consolidated balance sheets. These mutual funds are classified within Level 1 because they are valued using quoted prices for identical instruments in active markets. Their amortized cost approximates the fair value for all periods presented. The Company is restricted from accessing these investments. Financial Instruments Not Recorded at Fair Value on a Recurring Basis. The Company carries its financial instruments at fair value with the exception of its debt. Financial instruments that are not recorded at fair value are measured at fair value on a quarterly basis for disclosure purposes. The carrying amounts and estimated fair values of financial instruments not recorded at fair value are as follows: September 24, 2016 December 26, 2015 Carrying Amount Estimated Fair Value Carrying Amount Estimated Fair Value (In millions) Short-term debt $ — $ — $ 230 $ 230 Long-term debt (1) $ 1,630 $ 1,990 $ 2,000 $ 1,372 (1) Carrying amounts of long-term debt are net of unamortized debt issuance costs of $26 million as of September 24, 2016 and $25 million as of December 26, 2015 , based on the adoption of ASU 2015-03 and net of $273 million unamortized debt discount associated with the 2.125% Notes as of September 24, 2016 . The Company’s short-term and long-term debt are classified within Level 2. The fair value of the debt was estimated based on the quoted market prices for the same or similar issues or on the current rates offered to the Company for debt of the same remaining maturities. The fair value of the Company’s accounts receivable, accounts payable and other short-term obligations approximate their carrying value based on existing payment terms. Hedging Transactions and Derivative Financial Instruments Cash Flow Hedges The following table shows the amount of gain (loss) included in accumulated other comprehensive income (loss), the amount of gain (loss) reclassified from accumulated other comprehensive income (loss) and included in earnings related to the foreign currency forward contracts designated as cash flow hedges and the amount of gain (loss) included in other income (expense), net, related to contracts not designated as hedging instruments, which was allocated in the condensed consolidated statements of operations: Three Months Ended Nine Months Ended September 24, September 26, September 24, September 26, (In millions) Foreign Currency Forward Contracts - gains (losses) Contracts designated as cash flow hedging instruments Other comprehensive income (loss) $ (1 ) $ (7 ) $ 7 $ (7 ) Cost of sales — (1 ) — (2 ) Research and development 1 (3 ) — (7 ) Marketing, general and administrative — (2 ) — (5 ) Contracts not designated as hedging instruments Other income (expense), net $ — $ (2 ) $ 2 $ (3 ) The Company’s foreign currency derivative contracts are classified within Level 2 because the valuation inputs are based on quoted prices and market observable data of similar instruments in active markets, such as currency spot and forward rates. The following table shows the fair value amounts included in Other current assets should the foreign currency forward contracts be in a gain position or included in Other current liabilities should these contracts be in a loss position. These amounts were recorded in the Company's condensed consolidated balance sheets as follows: September 24, December 26, (In millions) Foreign Currency Forward Contracts - gains (losses) Contracts designated as cash flow hedging instruments $ 1 $ (6 ) For the foreign currency contracts designated as cash flow hedges, the ineffective portions of the hedging relationship and the amounts excluded from the assessment of hedge effectiveness were immaterial. As of September 24, 2016 and December 26, 2015 , the notional values of the Company’s outstanding foreign currency forward contracts were $152 million and $156 million , respectively. All the contracts mature within 12 months, and, upon maturity, the amounts recorded in Accumulated other comprehensive income (loss) are expected to be reclassified into earnings. The Company hedges its exposure to the variability in future cash flows for forecasted transactions over a maximum of 12 months. Fair Value Hedges The Company’s fair value hedge derivative contracts are classified within Level 2 because the valuation inputs are based on quoted prices and market observable data of similar instruments in active markets. The following table shows the fair value amounts included in Other assets should the fair value hedge derivative contracts be in a gain position or included in Other long-term liabilities should these contracts be in a loss position. These amounts were recorded in the Company’s condensed consolidated balance sheets as follows: September 24, December 26, (In millions) Interest Rate Swap Contracts - gains (losses) Contracts designated as fair value hedging instruments $ 2 $ 7

Income Taxes

Income Taxes	9 Months Ended
	Sep. 24, 2016
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes In the third quarter of 2016 , the Company recorded an income tax provision of $4 million , consisting of $1 million of foreign taxes in profitable locations and $3 million for withholding taxes applicable to license fee revenue from foreign locations. For the nine months ended September 24, 2016 , the Company recorded an income tax provision of $34 million , including $6 million of foreign taxes in profitable locations, $5 million for withholding taxes applicable to license fee revenue from foreign locations and $4 million of tax benefits arising from other comprehensive income and Canadian tax credits. In addition, the Company recorded the tax effect of completion of the sale of a majority equity interest in two subsidiaries comprising $21 million of income tax expense in China and $6 million of withholding tax expense associated with a future repatriation of the gain generated in China by the Chinese portion of that transaction (see Note 5. Equity Interest Purchase Agreement - ATMP Joint Venture). The Company now applies the equity method of accounting to its 15% investment in the two former subsidiaries. The Company's share of applicable tax expense will be netted with the equity share of future profits or losses. In 2015, the Company recorded an income tax provision of $2 million related to the activities of the two former subsidiaries. The Company has not recognized the tax benefit of future foreign tax credits associated with the withholding tax expense as the size and age profile of existing tax attributes does not allow it to satisfy the "more likely than not" criterion for the recognition of deferred tax assets. In the third quarter of 2015 the Company did not record any income tax provision. For the nine months ended September 26, 2015 , the Company recorded an income tax provision of $4 million due to foreign taxes in profitable locations. As of September 24, 2016 , substantially all of the Company’s U.S. and Canadian deferred tax assets, net of deferred tax liabilities, continue to be subject to a valuation allowance. The realization of these assets is dependent on substantial future taxable income which, as of September 24, 2016 , in management’s estimate, is not more likely than not to be achieved. The Company's total gross unrecognized tax benefits as of September 24, 2016 were $41 million . The Company does not believe it is reasonably possible that unrecognized tax benefits will materially change in the next 12 months. However, the settlement, resolution or closure of tax audits are highly uncertain.

Segment Reporting

Segment Reporting	9 Months Ended
	Sep. 24, 2016
Segment Reporting [Abstract]
Segment Reporting	Segment Reporting Management, including the Chief Operating Decision Maker, who is the Company’s Chief Executive Officer, reviews and assesses operating performance using segment net revenue and operating income (loss) before interest, other income (expense), net and income taxes. These performance measures include the allocation of expenses to the operating segments based on management’s judgment. The Company has the following two reportable segments: • the Computing and Graphics segment, which primarily includes desktop and notebook processors and chipsets, discrete graphics processing units (GPUs) and professional graphics; and • the Enterprise, Embedded and Semi-Custom segment, which primarily includes server and embedded processors, semi-custom System-on-Chip (SoC) products, development services, technology for game consoles and licensing portions of its intellectual property portfolio. In addition to these reportable segments, the Company has an All Other category, which is not a reportable segment. This category primarily includes certain expenses and credits that are not allocated to any of the reportable segments because management does not consider these expenses and credits in evaluating the performance of the reportable segments. Also included in this category are, employee stock-based compensation expense, restructuring and other special charges, net, charge related to the Sixth Amendment to the WSA with GF and amortization of acquired intangible assets. The following table provides a summary of net revenue and operating income (loss) by segment: Three Months Ended Nine Months Ended September 24, September 26, September 24, September 26, (In millions) Net revenue: Computing and Graphics $ 472 $ 424 $ 1,367 $ 1,335 Enterprise, Embedded and Semi-Custom 835 637 1,799 1,698 Total net revenue $ 1,307 $ 1,061 $ 3,166 $ 3,033 Operating income (loss): Computing and Graphics $ (66 ) $ (181 ) $ (217 ) $ (403 ) Enterprise, Embedded and Semi-Custom 136 84 236 156 All Other (363 ) (61 ) (388 ) (185 ) Total operating loss $ (293 ) $ (158 ) $ (369 ) $ (432 ) The following table provides major items included in All Other category: Three Months Ended Nine Months Ended September 24, September 26, September 24, September 26, (In millions) Operating loss: Stock-based compensation expense $ (23 ) $ (13 ) $ (57 ) $ (47 ) Restructuring and other special charges, net — (48 ) 10 (135 ) Charge related to the Sixth Amendment to the WSA with GF (340 ) — (340 ) — Other — — (1 ) (3 ) Total operating loss $ (363 ) $ (61 ) $ (388 ) $ (185 )

Public Offering of Common Stock

Public Offering of Common Stock	9 Months Ended
	Sep. 24, 2016
Equity [Abstract]
Public Offering of Common Stock	Public Offering of Common Stock On September 14, 2016, the Company completed its registered underwritten public offering of 100 million shares of the Company’s common stock, par value $0.01 per share, at a public offering price of $6.00 per share, pursuant to an underwriting agreement with J.P. Morgan Securities LLC, Barclays Capital Inc. and Credit Suisse Securities (USA) LLC, as representatives of the several underwriters named therein. The Company also granted to the underwriters a 30 -day option to purchase up to 15 million additional shares of common stock. As of September 24, 2016, the resulting aggregate net proceeds to the Company from the common stock offering including the sale of the additional shares to the underwriters pursuant to the option described above, were approximately $668 million , after deducting underwriting discounts and offering expenses totaling approximately $22 million .

Stock-Based Incentive Compensat

Stock-Based Incentive Compensation Plans	9 Months Ended
	Sep. 24, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Incentive Compensation Plans	Stock-Based Incentive Compensation Plans The following table summarizes stock-based compensation expense related to employee stock options and restricted stock units, which is allocated within the Company’s condensed consolidated statements of operations as follows: Three Months Ended Nine Months Ended September 24, September 26, September 24, September 26, (In millions) Cost of sales $ — $ — $ 1 $ 2 Research and development 15 7 34 27 Marketing, general and administrative 8 6 22 18 Stock-based compensation expense, net of tax of $0 $ 23 $ 13 $ 57 $ 47 For all periods presented, the Company did no t realize any excess tax benefit related to stock-based compensation and therefore did not record any related financing cash flows. Stock Options The weighted average assumptions applied in the lattice-binomial model that the Company uses to estimate the fair value of employee stock options are as follows: Three Months Ended Nine Months Ended September 24, September 26, September 24, September 26, Expected volatility 59.85 % 71.71 % 59.85 % 60.19 % Risk-free interest rate 1.00 % 1.32 % 1.00 % 1.24 % Expected dividends 0.00 % 0.00 % 0.00 % 0.00 % Expected life 3.98 years 3.91 years 3.98 years 3.91 years In the third quarter of 2016 and 2015 , the Company granted 2.2 million and 5.2 million shares of employee stock options, respectively, with weighted average grant date fair value per share of $3.10 and $0.94 , respectively. For the nine months ended September 24, 2016 and September 26, 2015 , the Company granted 2.2 million and 5.9 million employee stock options, respectively, with weighted average grant date fair value per share of $3.10 and $0.96 , respectively. Restricted Stock Units In the third quarter of 2016 , the Company granted 19.5 million shares of restricted stock units including 2.0 million performance-based restricted stock units (PRSUs) with market conditions referenced below, and in the third quarter of 2015 , the Company granted 25.0 million shares of restricted stock units including 3.3 million PRSUs with market conditions referenced below with a weighted average grant date fair value per share of $5.10 and $1.79 , respectively. For the nine months ended September 24, 2016 , the Company granted 26.0 million shares of restricted stock units including 2.0 million PRSUs with market conditions referenced below, with weighted average grant date fair values per share of $4.55 . For the nine months ended September 26, 2015 , the Company granted 33.9 million shares of restricted stock units including 3.3 million PRSUs with market conditions referenced below and 0.8 million PRSUs, with a weighted average grant date fair value per share of $1.96 . Performance-based Restricted Stock Units with Market Conditions During the third quarter of 2016, the Company granted restricted stock units with both a market condition and a service condition (market-based restricted stock units) to the Company’s senior executives. The number of shares that may be earned is based on three -year compounded annual growth rate milestones related to the Company’s closing stock price that may be attained within the three -year performance period, with the potential payout levels of shares at 50% , 100% , 150% , 200% and 250% of the target number of shares granted. Any shares earned pursuant to the attainment of a performance level shall vest 50% upon the compensation committee's certification of the attainment of the performance level (provided, however, that no shares may be earned or vest prior to the first anniversary of the grant date) and the remaining 50% shall vest at the end of the performance period, subject to the recipient’s continuous employment or service through each such vesting date. The Company estimated the fair value of the market-based restricted stock units using a Monte Carlo simulation model on the date of grant. As of September 24, 2016 , there were 2.0 million market-based restricted stock units with the potential payout level at 100% with a grant date fair value per share of $4.50 . During the third quarter of 2015, the Company granted restricted stock units with both a market condition and a service condition (market-based restricted stock units) to the Company’s senior executives. The number of shares that may be earned is based on three -year compounded annual growth rate milestones related to the Company’s closing stock price that may be attained within the three -year performance period, with the potential payout levels of shares at 50% , 100% , 200% and 250% of the target number of shares granted. Any shares earned pursuant to the attainment of a performance level shall vest 50% upon the compensation committee's certification of the attainment of the performance level (provided, however, that no shares may be earned or vest prior to the first anniversary of the grant date) and the remaining 50% shall vest at the end of the Performance Period, subject to the recipient’s continuous employment or service through each such vesting date. The Company estimated the fair value of the market-based restricted stock units using a Monte Carlo simulation model on the date of grant. As of September 26, 2015, there were 3.3 million market-based restricted stock units with the potential payout level at 100% with a grant date fair value per share of $1.44 . As of September 24, 2016, all the 2015 market-based restricted stock units achieved the 250% payout level.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 24, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Warranties and Indemnities The Company generally warrants that its products sold to its customers will conform to the Company’s approved specifications and be free from defects in material and workmanship under normal use and service for one year. Subject to certain exceptions, the Company also offers a three-year limited warranty to end users for only those central processing unit (CPU) and AMD accelerated processing unit (APU) products that are commonly referred to as “processors in a box” and for certain server CPU products. The Company also offers extended limited warranties to certain customers of “tray” microprocessor products and/or professional graphics products who have written agreements with the Company and target their computer systems at the commercial and/or embedded markets. Changes in the Company’s estimated liability for product warranty were as follows: Three Months Ended Nine Months Ended September 24, September 26, September 24, September 26, (In millions) Beginning balance $ 11 $ 17 $ 15 $ 19 New warranties issued 5 7 15 21 Settlements (5 ) (5 ) (13 ) (20 ) Changes in liability for pre-existing warranties, including expirations — (4 ) (6 ) (5 ) Ending balance $ 11 $ 15 $ 11 $ 15 In addition to product warranties, the Company, from time to time in its normal course of business, indemnifies other parties, with whom it enters into contractual relationships, including customers, lessors and parties to other transactions with the Company, with respect to certain matters. In these limited matters, the Company has agreed to hold certain third parties harmless against specific types of claims or losses, such as those arising from a breach of representations or covenants, third-party claims that the Company’s products when used for their intended purpose(s) and under specific conditions infringe the intellectual property rights of a third party, or other specified claims made against the indemnified party. It is not possible to determine the maximum potential amount of liability under these indemnification obligations due to the unique facts and circumstances that are likely to be involved in each particular claim and indemnification provision. Historically, payments made by the Company under these obligations have not been material. Contingencies Securities Class Action On January 15, 2014, a class action lawsuit captioned Hatamian v. AMD, et al. , C.A. No. 3:14-cv-00226 (the Hatamian Lawsuit) was filed against the Company in the United States District Court for the Northern District of California. The complaint purports to assert claims against the Company and certain individual officers for alleged violations of Section 10(b) of the Securities Exchange Act of 1934, as amended (the Exchange Act), and Rule 10b-5 of the Exchange Act. The plaintiffs seek to represent a proposed class of all persons who purchased or otherwise acquired the Company's common stock during the period April 4, 2011 through October 18, 2012. The complaint seeks damages allegedly caused by alleged materially misleading statements and/or material omissions by the Company and the individual officers regarding the Company's 32nm technology and “Llano” product, which statements and omissions, the plaintiffs claim, allegedly operated to artificially inflate the price paid for the Company's common stock during the period. The complaint seeks unspecified compensatory damages, attorneys’ fees and costs. On July 7, 2014, the Company filed a motion to dismiss plaintiffs’ claims. On March 31, 2015, the Court denied the motion to dismiss. On May 14, 2015, the Company filed its answer to plaintiffs’ corrected amended complaint. On September 4, 2015, plaintiffs filed their motion for class certification, and on March 16, 2016, the Court granted plaintiffs' motion. A court-ordered mediation held in January 2016 did not result in a settlement of the lawsuit. The discovery process is ongoing. Based upon information presently known to management, the Company believes that the potential liability, if any, will not have a material adverse effect on its financial condition, cash flows or results of operations. Shareholder Derivative Lawsuits On March 20, 2014, a purported shareholder derivative lawsuit captioned Wessels v. Read, et al. , Case No. 1:14 cv-262486 (Wessels) was filed against the Company (as a nominal defendant only) and certain of its directors and officers in the Santa Clara County Superior Court of the State of California. The complaint purports to assert claims against the Company and certain individual directors and officers for breach of fiduciary duty, waste of corporate assets and unjust enrichment. The complaint seeks damages allegedly caused by alleged materially misleading statements and/or material omissions by the Company and the individual directors and officers regarding its 32nm technology and “Llano” product, which statements and omissions, the plaintiffs claim, allegedly operated to artificially inflate the price paid for the Company's common stock during the period. On April 27, 2015, a similar purported shareholder derivative lawsuit captioned Christopher Hamilton and David Hamilton v. Barnes, et al. , Case No. 5:15-cv-01890 (Hamilton) was filed against the Company (as a nominal defendant only) and certain of its directors and officers in the United States District Court for the Northern District of California. The case was transferred to the judge handling the Hatamian Lawsuit and is now Case No. 4:15-cv-01890. On September 29, 2015, a similar purported shareholder derivative lawsuit captioned Jake Ha v Caldwell, et al., Case No. 3:15-cv-04485 (Ha) was filed against the Company (as a nominal defendant only) and certain of its directors and officers in the United States District Court for the Northern District of California. The lawsuit also seeks a court order voiding the stockholder vote on the Company’s 2015 proxy. The case was transferred to the judge handling the Hatamian Lawsuit and is now Case No. 4:15-cv-04485. The Wessels, Hamilton and Ha shareholder derivative lawsuits are currently stayed. Based upon information presently known to management, the Company believes that the potential liability, if any, will not have a material adverse effect on its financial condition, cash flows or results of operations. Other Legal Matters The Company is a defendant or plaintiff in various actions that arose in the normal course of business. With respect to these matters, based on the management’s current knowledge, the Company believes that the amount or range of reasonably possible loss, if any, will not, either individually or in the aggregate, have a material adverse effect on the Company’s business, financial position, results of operations or cash flows.

Restructuring and Other Special

Restructuring and Other Special Charges, Net	9 Months Ended
	Sep. 24, 2016
Restructuring and Related Activities [Abstract]
Restructuring and Other Special Charges, Net	Restructuring and Other Special Charges, Net 2015 Restructuring Plan In the third quarter of 2015, the Company implemented a restructuring plan (the 2015 Restructuring Plan) focused on its ongoing efforts to simplify its business and better align resources around its priorities and business outlook. The 2015 Restructuring Plan largely involved a reduction of global headcount by approximately 5% and includes organizational actions such as outsourcing certain IT services and application development. In the first nine months of 2015 , the Company recorded a $41 million restructuring charge, which consisted of $31 million for severance and benefit costs, $1 million for facilities-related costs and $9 million of intangible-asset-related charges. The actions associated with the 2015 Restructuring Plan are expected to be substantially completed by the end of the fourth quarter of 2016. The following table provides a summary of the restructuring activities in the first nine months of 2016 and the related liabilities recorded in Other current liabilities and Other long-term liabilities on the Company’s condensed consolidated balance sheets as of September 24, 2016 : Severance Other exit Total (In millions) Balance as of December 26, 2015 $ 14 $ — $ 14 Charges (reversals), net (1 ) — (1 ) Cash payments (8 ) — (8 ) Balance as of September 24, 2016 $ 5 $ — $ 5 2014 Restructuring Plan In the fourth quarter of 2014, the Company implemented a restructuring plan (the 2014 Restructuring Plan) designed to improve operating efficiencies. The 2014 Restructuring Plan involved a reduction of global headcount by approximately 6% and an alignment of its real estate footprint with its reduced headcount. In the first nine months of 2015 , the Company recorded an $18 million restructuring charge, which consisted of a $5 million non-cash charge related to asset impairments, $4 million for severance and benefit costs and $9 million for facilities related costs. The 2014 Restructuring Plan was largely completed by the end of the third quarter of 2015. During the first nine months of 2016 , the Company recorded a restructuring charge reversal of $7 million , of which $5 million related to facilities costs associated with a lease amendment which reduced a lease liability previously accrued under this plan. The following table provides a summary of the restructuring activities in the first nine months of 2016 and the related liabilities recorded in Other current liabilities and Other long-term liabilities on the Company’s condensed consolidated balance sheets as of September 24, 2016 : Severance and related benefits Other exit related costs Total (In millions) Balance as of December 26, 2015 $ 5 $ 15 $ 20 Charges (reversals), net (2 ) (7 ) (9 ) Cash payments (1 ) (5 ) (6 ) Balance as of September 24, 2016 $ 2 $ 3 $ 5 Dense Server Systems Business Exit As a part of the Company’s strategy to simplify and sharpen its investment focus, the Company exited the dense server systems business, formerly SeaMicro, in the first quarter of 2015. As a result, the Company recorded a charge of $76 million in Restructuring and other special charges, net on the Company’s condensed consolidated statements of operations in the first nine months of 2015 . This charge included an impairment charge of $62 million related to the acquired intangible assets. The Company concluded that the carrying value of the acquired intangible assets associated with its dense server systems business was fully impaired as the Company did not have plans to utilize the related freedom fabric technology in any of its future products nor did it have any plans at that time to monetize the associated intellectual property. In addition, the exit charge consisted of a $7 million non-cash charge related to asset impairments, $4 million of severance and related benefits and $3 million for contract or program termination costs. The Company substantially completed this exit activity during the second quarter of 2016.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	9 Months Ended
	Sep. 24, 2016
Equity [Abstract]
Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss) The tables below summarize the changes in accumulated other comprehensive income (loss) by component: Three Months Ended September 24, September 26, Unrealized gains (losses) on available-for-sale securities Unrealized gains (losses) on cash flow hedges Total Unrealized gains (losses) on available-for-sale securities Unrealized gains (losses) on cash flow hedges Total (In millions) Beginning balance $ (2 ) $ (1 ) $ (3 ) $ 1 $ (6 ) $ (5 ) Unrealized gains (losses) arising during the period 1 — 1 (3 ) (13 ) (16 ) Reclassification adjustment for (gains) losses realized and included in net income (loss) — (1 ) (1 ) — 6 6 Tax effect — — — — — — Total other comprehensive income (loss) 1 (1 ) — (3 ) (7 ) (10 ) Ending balance $ (1 ) $ (2 ) $ (3 ) $ (2 ) $ (13 ) $ (15 ) Nine Months Ended September 24, September 26, Unrealized gains (losses) on available-for-sale securities Unrealized gains (losses) on cash flow hedges Total Unrealized gains (losses) on available-for-sale securities Unrealized gains (losses) on cash flow hedges Total (In millions) Beginning balance $ (1 ) $ (7 ) $ (8 ) $ 1 $ (6 ) $ (5 ) Unrealized gains (losses) arising during the period (1 ) 7 6 (3 ) (21 ) (24 ) Reclassification adjustment for (gains) losses realized and included in net income (loss) — 1 1 — 14 14 Tax effect 1 (3 ) (2 ) — — — Total other comprehensive income (loss) — 5 5 (3 ) (7 ) (10 ) Ending balance $ (1 ) $ (2 ) $ (3 ) $ (2 ) $ (13 ) $ (15 )

Secured Revolving Line of Credi

Secured Revolving Line of Credit	9 Months Ended
	Sep. 24, 2016
Debt Disclosure [Abstract]
Secured Revolving Line of Credit	Secured Revolving Line of Credit Amended and Restated Loan and Security Agreement On April 14, 2015, AMD and its subsidiaries, AMD International Sales & Service, Ltd. and ATI Technologies ULC (collectively, the Loan Parties), entered into an amended and restated loan and security agreement (the Amended and Restated Loan Agreement) by and among the Loan Parties, the financial institutions party thereto from time to time as lenders (the Lenders) and Bank of America, N.A., acting as agent for the Lenders (the Agent). The Amended and Restated Loan Agreement provides for a Secured Revolving Line of Credit for a principal amount up to $500 million with up to $75 million available for issuance of letters of credit, which remained unchanged from the loan and security agreement dated November 12, 2013, as amended on December 11, 2014. Borrowings under the Secured Revolving Line of Credit are limited to up to 85% of eligible accounts receivable ( 90% for certain qualified eligible accounts receivable), minus specified reserves. The size of the commitments under the Secured Revolving Line of Credit may be increased by up to an aggregate amount of $200 million . The Secured Revolving Line of Credit matures on April 14, 2020 and is secured by a first priority security interest in the Loan Parties’ accounts receivable, inventory, deposit accounts maintained with the Agent and other specified assets, including books and records. During the third quarter of 2016, the Company repaid the $226 million outstanding balance. As of September 24, 2016, the Company did no t have any borrowings outstanding under the Secured Revolving line of Credit. At December 26, 2015 , the Secured Revolving Line of Credit had an outstanding loan balance of $230 million , at an interest rate of 4.00% . At September 24, 2016 , the Secured Revolving Line of Credit had $21 million related to outstanding letters of credit and up to $395 million available for future borrowings. The Company reports its intra-period changes in its revolving credit balance on a net basis in its condensed consolidated statement of cash flows as the Company intends the period of the borrowings to be brief, repaying borrowed amounts within 90 days . As of September 24, 2016 , the Company was in compliance with all required covenants stated in the Amended and Restated Loan Agreement. First Amendment to the Amended and Restated Loan and Security Agreement On June 10, 2015, the Loan Parties entered into a first amendment to the Amended and Restated Loan and Security Agreement (the First Amendment) by and among the Loan Parties, the Lenders and the Agent, which modifies the Amended and Restated Loan and Security Agreement. Amendments to the Amended and Restated Loan Agreement effected by the First Amendment included the addition of exceptions to the liens and asset sale covenants to permit the Loan Parties to enter into certain supply chain finance arrangements, as well as the addition of certain definitions related thereto. Second Amendment to the Amended and Restated Loan and Security Agreement On April 29, 2016, the Loan Parties entered into a second amendment to the Amended and Restated Loan and Security Agreement (the Second Amendment) by and among the Loan Parties, the Lenders and the Agent, which modifies the Amended and Restated Loan and Security Agreement. The primary amendment to the Amended and Restated Loan Agreement effected by the Second Amendment related to the expansion of the definition of permitted asset dispositions to include the sale or transfer of inventory to the ATMP JV pursuant to the Equity Interest Purchase Agreement between AMD and NFME. Third Amendment to the Amended and Restated Loan and Security Agreement On June 21, 2016, the Loan Parties entered into a third amendment to the Amended and Restated Loan and Security Agreement (the Third Amendment) by and among the Loan Parties, the Lenders and the Agent, which modifies the Amended and Restated Loan and Security Agreement. Amendments to the Amended and Restated Loan Agreement effected by the Third Amendment included the further expansion of the asset sale covenants to permit the Loan Parties to enter into certain supply chain finance arrangements. Fourth Amendment to the Amended and Restated Loan and Security Agreement On September 7, 2016, the Loan Parties entered into a fourth amendment to the Amended and Restated Loan and Security Agreement (the Fourth Amendment) by and among the Loan Parties, the Lenders and the Agent, which modifies the Amended and Restated Loan and Security Agreement. The primary amendment to the Amended and Restated Loan agreement effected by the Fourth Amendment was to increase the dollar limit as set forth in the definition related to certain supply chain finance arrangements.

Basis of Presentation and Sig24

Basis of Presentation and Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 24, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation. The accompanying unaudited condensed consolidated financial statements of Advanced Micro Devices, Inc. and its subsidiaries (the Company or AMD) have been prepared in accordance with U.S. generally accepted accounting principles (U.S. GAAP) for interim financial information and the instructions to Form 10-Q and Article 10 of Regulation S-X. The results of operations for the quarter and nine months ended September 24, 2016 shown in this report are not necessarily indicative of results to be expected for the full year ending December 31, 2016 . In the opinion of the Company’s management, the information contained herein reflects all adjustments necessary for a fair presentation of the Company’s results of operations, financial position and cash flows. All such adjustments are of a normal, recurring nature. The unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements in the Company’s Annual Report on Form 10-K for the year ended December 26, 2015 .
Fiscal Period	The Company uses a 52 or 53 week fiscal year ending on the last Saturday in December. The quarters and nine months ended September 24, 2016 and September 26, 2015 each consisted of 13 weeks and 39 weeks, respectively.
Principles of Consolidation	Principles of Consolidation. The condensed consolidated financial statements include the Company’s accounts and those of its wholly-owned subsidiaries. Upon consolidation, all significant inter-company accounts and transactions are eliminated.
Recently Issued Accounting Standards	Recently Issued Accounting Standards Income Tax . In November 2015, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2015-17, Balance Sheet Classification of Deferred Taxes (ASU 2015-17) , which simplifies the presentation of deferred income taxes by requiring that all deferred tax assets and liabilities be classified as non-current on the consolidated balance sheet. The Company adopted ASU 2015-17 prospectively in the first quarter of 2016. As a result, the Company netted $31 million of deferred tax assets and deferred tax liabilities, respectively, and reclassified $8 million current deferred tax assets and $6 million current deferred tax liabilities to non-current deferred tax assets and liabilities, respectively, on its condensed consolidated balance sheet as of March 26, 2016. The prior period information was not retrospectively adjusted. Interest—Imputation of Interest. In April 2015, the FASB issued ASU No. 2015-03, Simplifying the Presentation of Debt Issuance Costs (ASU 2015-03) , which requires an entity to present such costs in the balance sheet as a direct deduction from the related debt liability rather than as an asset. Amortization of the costs will continue to be reported as interest expense. ASU 2015-03 is effective for fiscal years beginning after December 15, 2015 and interim periods within those fiscal years, with early adoption permitted. The new guidance will be applied retrospectively to each prior period presented. In August 2015, the FASB issued ASU 2015 -15 to amend ASU 2015-03 and address debt issuance costs related to line-of-credit arrangements. ASU 2015-15 allows an entity to present debt issuance costs related to a line-of-credit as an asset and subsequently amortize the deferred debt issuance costs ratably over the term of the line-of-credit arrangement, regardless of whether there are any outstanding borrowings on the arrangement. This accounting standard update did not impact the effective date of the previously issued guidance. The Company retrospectively adopted ASU 2015-03 and 2015-15 in the first quarter of 2016. As a result, the Company r eclassified the debt issuance costs from long-term assets to long-term debt by $23 million and $25 million as of March 26, 2016 and December 26, 2015, respectively, on its consolidated balance sheets. Inventory. In July 2015, the FASB issued ASU No. 2015-11, Simplifying the Measurement of Inventory (ASU 2015-11), which simplifies the measurement of inventory by requiring certain inventory to be measured at the lower of cost or net realizable value. The amendments in this ASU are effective for fiscal years beginning after December 15, 2016 and for interim periods therein, with early adoption permitted. The Company is currently evaluating the impact from its adoption of ASU 2015-11 on its consolidated financial statements. Disclosure of Going Concern Uncertainties. In August 2014, the FASB issued ASU No. 2014-15, Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern (ASU 2014-15), which provides guidance on management’s responsibility in evaluating whether there is substantial doubt about a company’s ability to continue as a going concern and to provide related footnote disclosures. ASU 2014-15 is effective for fiscal years ending after December 15, 2016 and for interim and annual periods therein with early adoption permitted. The Company is not expecting any material impact of its pending adoption of ASU 2014-15 on its consolidated financial statements. Revenue Recognition. In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers: Topic 606 (ASU 2014-09), which creates a single source of revenue guidance under U.S. GAAP for all companies in all industries. The core principle of ASU 2014-09 is that revenue should be recognized in a manner that depicts the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. ASU 2014-09 defines a five-step process in order to achieve this core principle, which may require the use of judgment and estimates. ASU 2014-09 also requires expanded qualitative and quantitative disclosures relating to the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers, including significant judgments and estimates used. In July 2015, FASB announced a decision to defer the effective date for this ASU. ASU 2014-09 is effective for the Company in the first quarter of 2018 with early adoption permitted (for annual reporting periods beginning after December 15, 2016). The Company may adopt ASU 2014-09 either by using a full retrospective approach for all periods presented in the period of adoption or a modified retrospective approach. The Company is currently evaluating the impact of its pending adoption of ASU 2014-09 on its consolidated financial statements and has not yet determined which approach it will apply. Financial Instruments. In January 2016, FASB issued ASU No. 2016-01, Financial Instruments - Overall: Recognition and Measurement of Financial Assets and Financial Liabilities (ASU 2016-01), which provides guidance related to accounting for equity investments, financial liabilities under the fair value option, and the presentation and disclosure requirements for financial instruments. In addition, FASB clarified guidance related to the valuation allowance assessment when recognizing deferred tax assets resulting from unrealized losses on available-for-sale debt securities. ASU 2016-01 is effective for fiscal years beginning after December 15, 2017, including interim periods within that reporting period. The Company is currently evaluating the impact of its pending adoption of ASU 2016-01 on its consolidated financial statements. Leases. In February 2016, the FASB issued ASU No. 2016-02, Leases (ASU 2016-02), which increases transparency and comparability among organizations by recognizing all lease transactions (with terms in excess of 12 months) on the balance sheet as a lease liability and a right-of-use asset (as defined). ASU 2016-02 is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years, with early application permitted. Upon adoption, the lessee will apply the new standard retrospectively to all periods presented or retrospectively using a cumulative effect adjustment in the year of adoption. The Company is currently evaluating the impact of its pending adoption of ASU 2016-02 on its consolidated financial statements. Investments . In March 2016, the FASB issued ASU No. 2016-07, Investments – Equity Method and Joint Ventures (Topic 323): Simplifying the Transition to the Equity Method of Accounting (ASU 2016-07), which requires the equity method investor to add the cost of acquiring the additional interest in the investee to the current basis of the investor’s previously held interest and adopt the equity method of accounting as of the date the investment qualifies for equity method accounting. ASU 2016-07 is effective for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years with early application permitted. The Company is not expecting any material impact from its adoption of ASU 2016-07 on its consolidated financial statements. Stock Compensation. In March 2016, the FASB issued ASU No. 2016-09, Stock Compensation (ASU 2016-09), which is intended to simplify several aspects of the accounting for share-based payment award transactions. ASU 2016-09 is effective for fiscal years beginning after December 15, 2016, including interim periods. The Company is not expecting any material impact from its adoption of ASU 2016-09 on its consolidated financial statements. Statement of Cash Flows . In August 2016, the FASB issued ASU No. 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments (ASU 2016-15), which addresses eight specific cash flow issues with the objective of reducing the existing diversity in practice in how certain cash receipts and cash payments are presented and classified in the statement of cash flows. ASU 2016-15 is effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years with early adoption permitted, including adoption in an interim period. The Company is currently evaluating the impact of its pending adoption of ASU 2016-15 on its consolidated financial statements. Although there are several other new accounting pronouncements issued or proposed by the FASB, which the Company has adopted or will adopt, as applicable, the Company does not believe any of these accounting pronouncements has had or will have a material impact on its consolidated financial position or operating results.

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 24, 2016
Debt Disclosure [Abstract]
Convertible Debt	The 2.125% Notes consisted of the following: September 24, (In millions) Principal amounts: Principal $ 700 Unamortized debt discount (1) (273 ) Unamortized debt issuance costs (12 ) Net carrying amount $ 415 Carrying amount of the equity component (2) $ 266 (1) Included in the consolidated balance sheets within Long-term debt, net and amortized over the remaining life of the notes on the straight-line basis as it approximates the effective interest rate method. (2) Included in the consolidated balance sheets within additional paid-in capital, net of $8 million in equity issuance costs. The following table sets forth total interest expense recognized related to the 2.125% Notes for the three months ended September 24, 2016: September 24, (In millions) Contractual interest expense $ — Interest cost related to amortization of debt issuance costs — Interest cost related to amortization of the debt discount $ 1

Supplemental Balance Sheet In26

Supplemental Balance Sheet Information (Tables)	9 Months Ended
	Sep. 24, 2016
Balance Sheet Related Disclosures [Abstract]
Inventories	Inventories September 24, December 26, (In millions) Raw materials $ 15 $ 16 Work in process 533 482 Finished goods 224 180 Total inventories, net $ 772 $ 678
Other Current Assets	Other Current Assets September 24, December 26, (In millions) Assets held-for-sale $ — $ 183 Other current assets 78 65 Total other current assets $ 78 $ 248
Property, Plant and Equipment	Property, Plant and Equipment September 24, December 26, (In millions) Leasehold improvements $ 148 $ 146 Equipment 741 821 Construction in progress 10 17 Property, plant and equipment, gross 899 984 Accumulated depreciation and amortization (738 ) (796 ) Total property, plant and equipment, net $ 161 $ 188
Other Assets	Other Assets September 24, December 26, (In millions) Software and technology licenses, net $ 235 $ 189 Other 47 109 Total other assets $ 282 $ 298
Accrued Liabilities	Accrued Liabilities September 24, December 26, (In millions) Accrued compensation and benefits $ 131 $ 95 Marketing programs and advertising expenses 97 109 Software and technology licenses payable 43 50 Other 113 218 Total accrued liabilities $ 384 $ 472
Other Current Liabilities	Other Current Liabilities September 24, December 26, (In millions) Liabilities related to assets held-for-sale $ — $ 79 Other current liabilities 25 45 Total other current liabilities $ 25 $ 124

Net Loss Per Share (Tables)

Net Loss Per Share (Tables)	9 Months Ended
	Sep. 24, 2016
Earnings Per Share [Abstract]
Components of Basic and Diluted Loss Per Share	The following table sets forth the components of basic and diluted net loss per share: Three Months Ended Nine Months Ended September 24, September 26, September 24, September 26, (In millions, except per share amounts) Numerator – Net loss: Numerator for basic and diluted net loss per share $ (406 ) $ (197 ) $ (446 ) $ (558 ) Denominator – Weighted average shares Denominator for basic and diluted net loss per share 815 785 801 780 Net loss per share: Basic $ (0.50 ) $ (0.25 ) $ (0.56 ) $ (0.72 ) Diluted $ (0.50 ) $ (0.25 ) $ (0.56 ) $ (0.72 )

Financial Instruments (Tables)

Financial Instruments (Tables)	9 Months Ended
	Sep. 24, 2016
Investments, Debt and Equity Securities [Abstract]
Cash and Cash Equivalents	Cash and financial instruments measured and recorded at fair value on a recurring basis as of September 24, 2016 and December 26, 2015 are summarized below: September 24, 2016 December 26, 2015 (In millions) Cash and cash equivalents Cash $ 306 $ 409 Level 2 (1) (2) Commercial paper 952 376 Total level 2 952 376 Total $ 1,258 $ 785 (1) The Company did no t have any transfers between Level 1 and Level 2 of the fair value hierarchy during the quarter and nine months ended September 24, 2016 or the year ended December 26, 2015 . (2) The Company’s Level 2 short-term investments are valued using broker reports that utilize quoted market prices for identical or comparable instruments. Brokers gather observable inputs for all of the Company’s fixed income securities from a variety of industry data providers and other third-party sources.
Financial Instruments Not Recorded at Fair Value on a Recurring Basis	The carrying amounts and estimated fair values of financial instruments not recorded at fair value are as follows: September 24, 2016 December 26, 2015 Carrying Amount Estimated Fair Value Carrying Amount Estimated Fair Value (In millions) Short-term debt $ — $ — $ 230 $ 230 Long-term debt (1) $ 1,630 $ 1,990 $ 2,000 $ 1,372 (1) Carrying amounts of long-term debt are net of unamortized debt issuance costs of $26 million as of September 24, 2016 and $25 million as of December 26, 2015 , based on the adoption of ASU 2015-03 and net of $273 million unamortized debt discount associated with the 2.125% Notes as of September 24, 2016 .
Schedule of Derivative Instruments, Gain (Loss) in Statement of Operations	The following table shows the amount of gain (loss) included in accumulated other comprehensive income (loss), the amount of gain (loss) reclassified from accumulated other comprehensive income (loss) and included in earnings related to the foreign currency forward contracts designated as cash flow hedges and the amount of gain (loss) included in other income (expense), net, related to contracts not designated as hedging instruments, which was allocated in the condensed consolidated statements of operations: Three Months Ended Nine Months Ended September 24, September 26, September 24, September 26, (In millions) Foreign Currency Forward Contracts - gains (losses) Contracts designated as cash flow hedging instruments Other comprehensive income (loss) $ (1 ) $ (7 ) $ 7 $ (7 ) Cost of sales — (1 ) — (2 ) Research and development 1 (3 ) — (7 ) Marketing, general and administrative — (2 ) — (5 ) Contracts not designated as hedging instruments Other income (expense), net $ — $ (2 ) $ 2 $ (3 )
Schedule of Fair Value Amounts of Foreign Currency Forward Contracts in Balance Sheet	The following table shows the fair value amounts included in Other current assets should the foreign currency forward contracts be in a gain position or included in Other current liabilities should these contracts be in a loss position. These amounts were recorded in the Company's condensed consolidated balance sheets as follows: September 24, December 26, (In millions) Foreign Currency Forward Contracts - gains (losses) Contracts designated as cash flow hedging instruments $ 1 $ (6 )
Schedule of Fair Value Amounts of Fair Value Hedge Derivative Contracts in Balance Sheet	The following table shows the fair value amounts included in Other assets should the fair value hedge derivative contracts be in a gain position or included in Other long-term liabilities should these contracts be in a loss position. These amounts were recorded in the Company’s condensed consolidated balance sheets as follows: September 24, December 26, (In millions) Interest Rate Swap Contracts - gains (losses) Contracts designated as fair value hedging instruments $ 2 $ 7

Segment Reporting (Tables)

Segment Reporting (Tables)	9 Months Ended
	Sep. 24, 2016
Segment Reporting [Abstract]
Summary of Net Revenue and Operating Income (Loss) by Segment	The following table provides a summary of net revenue and operating income (loss) by segment: Three Months Ended Nine Months Ended September 24, September 26, September 24, September 26, (In millions) Net revenue: Computing and Graphics $ 472 $ 424 $ 1,367 $ 1,335 Enterprise, Embedded and Semi-Custom 835 637 1,799 1,698 Total net revenue $ 1,307 $ 1,061 $ 3,166 $ 3,033 Operating income (loss): Computing and Graphics $ (66 ) $ (181 ) $ (217 ) $ (403 ) Enterprise, Embedded and Semi-Custom 136 84 236 156 All Other (363 ) (61 ) (388 ) (185 ) Total operating loss $ (293 ) $ (158 ) $ (369 ) $ (432 ) The following table provides major items included in All Other category: Three Months Ended Nine Months Ended September 24, September 26, September 24, September 26, (In millions) Operating loss: Stock-based compensation expense $ (23 ) $ (13 ) $ (57 ) $ (47 ) Restructuring and other special charges, net — (48 ) 10 (135 ) Charge related to the Sixth Amendment to the WSA with GF (340 ) — (340 ) — Other — — (1 ) (3 ) Total operating loss $ (363 ) $ (61 ) $ (388 ) $ (185 )

Stock-Based Incentive Compens30

Stock-Based Incentive Compensation Plans (Tables)	9 Months Ended
	Sep. 24, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Stock-based Compensation Expense, Allocation of Recognized Period Costs	The following table summarizes stock-based compensation expense related to employee stock options and restricted stock units, which is allocated within the Company’s condensed consolidated statements of operations as follows: Three Months Ended Nine Months Ended September 24, September 26, September 24, September 26, (In millions) Cost of sales $ — $ — $ 1 $ 2 Research and development 15 7 34 27 Marketing, general and administrative 8 6 22 18 Stock-based compensation expense, net of tax of $0 $ 23 $ 13 $ 57 $ 47
Weighted Average Valuation Assumptions for Stock Options	The weighted average assumptions applied in the lattice-binomial model that the Company uses to estimate the fair value of employee stock options are as follows: Three Months Ended Nine Months Ended September 24, September 26, September 24, September 26, Expected volatility 59.85 % 71.71 % 59.85 % 60.19 % Risk-free interest rate 1.00 % 1.32 % 1.00 % 1.24 % Expected dividends 0.00 % 0.00 % 0.00 % 0.00 % Expected life 3.98 years 3.91 years 3.98 years 3.91 years

Commitments and Contingencies (

Commitments and Contingencies (Tables)	9 Months Ended
	Sep. 24, 2016
Commitments and Contingencies Disclosure [Abstract]
Changes in Estimated Liability for Product Warranty	Changes in the Company’s estimated liability for product warranty were as follows: Three Months Ended Nine Months Ended September 24, September 26, September 24, September 26, (In millions) Beginning balance $ 11 $ 17 $ 15 $ 19 New warranties issued 5 7 15 21 Settlements (5 ) (5 ) (13 ) (20 ) Changes in liability for pre-existing warranties, including expirations — (4 ) (6 ) (5 ) Ending balance $ 11 $ 15 $ 11 $ 15

Restructuring and Other Speci32

Restructuring and Other Special Charges, Net (Tables)	9 Months Ended
	Sep. 24, 2016
2015 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Schedule of Restructuring Activities and Related Liabilities	The following table provides a summary of the restructuring activities in the first nine months of 2016 and the related liabilities recorded in Other current liabilities and Other long-term liabilities on the Company’s condensed consolidated balance sheets as of September 24, 2016 : Severance Other exit Total (In millions) Balance as of December 26, 2015 $ 14 $ — $ 14 Charges (reversals), net (1 ) — (1 ) Cash payments (8 ) — (8 ) Balance as of September 24, 2016 $ 5 $ — $ 5
2014 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Schedule of Restructuring Activities and Related Liabilities	The following table provides a summary of the restructuring activities in the first nine months of 2016 and the related liabilities recorded in Other current liabilities and Other long-term liabilities on the Company’s condensed consolidated balance sheets as of September 24, 2016 : Severance and related benefits Other exit related costs Total (In millions) Balance as of December 26, 2015 $ 5 $ 15 $ 20 Charges (reversals), net (2 ) (7 ) (9 ) Cash payments (1 ) (5 ) (6 ) Balance as of September 24, 2016 $ 2 $ 3 $ 5

Accumulated Other Comprehensi33

Accumulated Other Comprehensive Income (Loss) (Tables)	9 Months Ended
	Sep. 24, 2016
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	The tables below summarize the changes in accumulated other comprehensive income (loss) by component: Three Months Ended September 24, September 26, Unrealized gains (losses) on available-for-sale securities Unrealized gains (losses) on cash flow hedges Total Unrealized gains (losses) on available-for-sale securities Unrealized gains (losses) on cash flow hedges Total (In millions) Beginning balance $ (2 ) $ (1 ) $ (3 ) $ 1 $ (6 ) $ (5 ) Unrealized gains (losses) arising during the period 1 — 1 (3 ) (13 ) (16 ) Reclassification adjustment for (gains) losses realized and included in net income (loss) — (1 ) (1 ) — 6 6 Tax effect — — — — — — Total other comprehensive income (loss) 1 (1 ) — (3 ) (7 ) (10 ) Ending balance $ (1 ) $ (2 ) $ (3 ) $ (2 ) $ (13 ) $ (15 ) Nine Months Ended September 24, September 26, Unrealized gains (losses) on available-for-sale securities Unrealized gains (losses) on cash flow hedges Total Unrealized gains (losses) on available-for-sale securities Unrealized gains (losses) on cash flow hedges Total (In millions) Beginning balance $ (1 ) $ (7 ) $ (8 ) $ 1 $ (6 ) $ (5 ) Unrealized gains (losses) arising during the period (1 ) 7 6 (3 ) (21 ) (24 ) Reclassification adjustment for (gains) losses realized and included in net income (loss) — 1 1 — 14 14 Tax effect 1 (3 ) (2 ) — — — Total other comprehensive income (loss) — 5 5 (3 ) (7 ) (10 ) Ending balance $ (1 ) $ (2 ) $ (3 ) $ (2 ) $ (13 ) $ (15 )

Basis of Presentation and Sig34

Basis of Presentation and Significant Accounting Policies (Details) - USD ($) $ in Millions	Sep. 24, 2016	Mar. 26, 2016	Dec. 26, 2015
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Unamortized debt issuance costs	$ 26		$ 25
Accounting Standards Update 2015-03 | Long-term Assets
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Unamortized debt issuance costs		$ (23)	(25)
Accounting Standards Update 2015-03 | Long-term Debt
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Unamortized debt issuance costs		23	$ 25
New Accounting Pronouncement, Early Adoption, Effect
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Deferred tax assets		31
Deferred tax liabilities		31
Reclassification of current deferred tax assets to noncurrent		8
Reclassification of current deferred tax liabilities to noncurrent		$ 6

Globalfoundries (Details)

Globalfoundries (Details) - USD ($) $ / shares in Units, $ in Millions	Aug. 30, 2016	Sep. 24, 2016	Sep. 26, 2015	Sep. 24, 2016	Sep. 26, 2015	Sep. 23, 2016	Dec. 26, 2015
Related Party Transaction [Line Items]
Payable to GLOBALFOUNDRIES		$ 284		$ 284			$ 245
Share price (in usd per share)						$ 6.55
Related Party
Related Party Transaction [Line Items]
Charge related to the Sixth Amendment to the WSA with GF		340		340
Related Party | WCH
Related Party Transaction [Line Items]
Charge related to the Sixth Amendment to the WSA with GF		240		240
Related Party | WCH | Fair Value of Warrant
Related Party Transaction [Line Items]
Fair value assumptions, implied volatility rate	47.10%
Fair value assumptions, risk-free rate	0.99%
Fair value assumptions, warrant term	3 years 6 months
Share price (in usd per share)	$ 7.49
Fair value assumptions, exercise price (in usd per share)	$ 5.98
Related Party | WCH | WCH Warrant
Related Party Transaction [Line Items]
Number of securities called by warrants (in shares)	75,000,000
Exercise price of warrants (in usd per share)	$ 5.98
Number of securities called by warrants, maximum exercisable within one year of grant (in shares)	50,000,000
Related Party | Mubadala | WCH Warrant
Related Party Transaction [Line Items]
Maximum allowed percent of capital stock owned	19.99%
Related Party | GF
Related Party Transaction [Line Items]
Purchases from related party		186	$ 288	479	$ 704
Currently expected purchases		257		257
Related Party | GF | Limited waiver
Related Party Transaction [Line Items]
Payable to GLOBALFOUNDRIES		100		100
Charge related to the Sixth Amendment to the WSA with GF		$ 100		$ 100
Related Party | GF | Wafers
Related Party Transaction [Line Items]
Long-term purchase commitment, period	5 years

Debt (Narrative) (Details)

Debt (Narrative) (Details) $ / shares in Units, $ in Millions	Sep. 14, 2016USD ($)day$ / shares	Sep. 24, 2016USD ($)	Sep. 24, 2016USD ($)	Sep. 26, 2015USD ($)	Sep. 28, 2016USD ($)	Sep. 23, 2016$ / shares
Debt Instrument [Line Items]
Share price (in usd per share) | $ / shares						$ 6.55
Gain (Loss) on Extinguishment of Debt			$ (61)	$ 0
Convertible Debt | 2.125% Convertible Senior Notes due 2026
Debt Instrument [Line Items]
Principal	$ 700	$ 700	700
Debt Instrument, Interest Rate, Stated Percentage	2.125%
Debt Instrument, Convertible, Conversion Ratio	0.1250031
Debt Instrument, Convertible, Conversion Price | $ / shares	$ 8
Debt Issuance Cost, Gross, Noncurrent		12	12
Equity issuance costs		$ 8	$ 8
Debt Instrument, Convertible, Remaining Life			120 months
Debt Instrument, Interest Rate, Effective Percentage		8.00%	8.00%
Convertible Debt | 2.125% Convertible Senior Notes due 2026 | Debt Instrument, Conversion Circumstance 1
Debt Instrument [Line Items]
Debt Instrument, Convertible, Threshold Trading Days | day	20
Debt Instrument, Convertible, Threshold Consecutive Trading Days	30 days
Debt Instrument, Convertible, Threshold Percentage of Stock Price Trigger	130.00%
Convertible Debt | 2.125% Convertible Senior Notes due 2026 | Debt Instrument, Conversion Circumstance 2
Debt Instrument [Line Items]
Debt Instrument, Convertible, Threshold Consecutive Trading Days	10 days
Debt Instrument, Convertible, Threshold Percentage of Stock Price Trigger	98.00%
Debt Instrument, Convertible, Conversion Period After Threshold Period Days | day	5
Convertible Debt | 2.125% Convertible Senior Notes Due 2026, Over-Allotment Option | Subsequent Event
Debt Instrument [Line Items]
Principal					$ 105
Senior Notes | 6.75% Senior Notes due 2019
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage		6.75%	6.75%
Debt Instrument, Repurchased Face Amount		$ 404	$ 404
Early Repayment of Senior Debt		442
Interest Paid		2
Gain (Loss) on Extinguishment of Debt		(41)
Outstanding Aggregate Principal Amount		$ 196	$ 196
Senior Notes | 7.75% Senior Notes due 2020
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage		7.75%	7.75%
Debt Instrument, Repurchased Face Amount		$ 242	$ 242
Early Repayment of Senior Debt		251
Interest Paid		3
Gain (Loss) on Extinguishment of Debt		(9)
Outstanding Aggregate Principal Amount		$ 208	$ 208
Senior Notes | 7.75% Senior Notes due 2020 | Subsequent Event
Debt Instrument [Line Items]
Debt Instrument, Repurchased Face Amount					$ 208
Senior Notes | 7.50% Senior Notes due 2022
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage		7.50%	7.50%
Debt Instrument, Repurchased Face Amount		$ 125	$ 125
Early Repayment of Senior Debt		135
Interest Paid		1
Gain (Loss) on Extinguishment of Debt		(10)
Outstanding Aggregate Principal Amount		$ 350	$ 350
Senior Notes | 7.00% Senior Notes due 2024
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage		7.00%	7.00%
Debt Instrument, Repurchased Face Amount		$ 25	$ 25
Early Repayment of Senior Debt		26
Interest Paid		1
Gain (Loss) on Extinguishment of Debt		(1)
Outstanding Aggregate Principal Amount		$ 475	$ 475

Debt (Convertible Debt) (Detail

Debt (Convertible Debt) (Details) - Convertible Debt - 2.125% Convertible Senior Notes due 2026 - USD ($) $ in Millions	Sep. 24, 2016	Sep. 14, 2016
Debt Instrument [Line Items]
Principal	$ 700	$ 700
Unamortized debt discount	(273)
Unamortized debt issuance costs	(12)
Net carrying amount	415
Carrying amount of the equity component	266
Equity issuance costs	$ 8

Debt (Interest Expense Recogniz

Debt (Interest Expense Recognized) (Details) - Convertible Debt - 2.125% Convertible Senior Notes due 2026 $ in Millions	3 Months Ended
	Sep. 24, 2016USD ($)
Debt Instrument [Line Items]
Contractual interest expense	$ 0
Interest cost related to amortization of debt issuance costs	0
Interest cost related to amortization of the debt discount	$ 1

Supplemental Balance Sheet In39

Supplemental Balance Sheet Information (Details) - USD ($) $ in Millions		Sep. 24, 2016	Dec. 26, 2015
Inventories
Raw materials		$ 15	$ 16
Work in process		533	482
Finished goods		224	180
Total inventories, net		772	678
Other Current Assets
Assets held-for-sale		0	183
Other current assets		78	65
Total other current assets	[1]	78	248
Property, Plant and Equipment
Leasehold improvements		148	146
Equipment		741	821
Construction in progress		10	17
Property, plant and equipment, gross		899	984
Accumulated depreciation and amortization		(738)	(796)
Total property, plant and equipment, net		161	188
Other Assets
Software and technology licenses, net		235	189
Other		47	109
Total other assets	[1],[2]	282	298
Accrued Liabilities
Accrued compensation and benefits		131	95
Marketing programs and advertising expenses		97	109
Software and technology licenses payable		43	50
Other		113	218
Total accrued liabilities	[1]	384	472
Other Current Liabilities
Liabilities related to assets held-for-sale		0	79
Other current liabilities		25	45
Total other current liabilities		$ 25	$ 124
[1]	Amounts reflected adoption of FASB ASU 2015-17, Balance Sheet Classification of Deferred Taxes beginning in the first quarter of 2016.
[2]	Amounts reflected adoption of FASB ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs beginning in the first quarter of 2016.

Equity Interest Purchase Agre40

Equity Interest Purchase Agreement - ATMP Joint Venture (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 24, 2016	Sep. 26, 2015	Sep. 24, 2016	Sep. 26, 2015	Apr. 29, 2016	Dec. 26, 2015
Investment [Line Items]
Ownership percentage	15.00%		15.00%
Net proceeds from sale of equity interests in ATMP JV			$ 346	$ 0
Gain on sale of equity interests in ATMP JV			146	0
Investment in ATMP JV	$ 60		60			$ 0
Payable to ATMP JV	144		144			$ 0
Equity in income (loss) of ATMP JV	(5)	$ 0	(8)	$ 0
ATMP JV
Investment [Line Items]
Net proceeds from sale of equity interests in ATMP JV			346
Purchase price adjustments	(4)
Excess of fair value of retained interest over net book values			11
Investment in ATMP JV	60		60
Purchases from related party	107		173
Payable to ATMP JV	144		144
Equity in income (loss) of ATMP JV	$ (5)		(8)
Other income (expense), net | ATMP JV
Investment [Line Items]
Gain on sale of equity interests in ATMP JV			$ 146
NFME's Affiliates | ATMP JV
Investment [Line Items]
Ownership percentage					85.00%
Company's Subsidiaries | ATMP JV
Investment [Line Items]
Ownership percentage					15.00%

Equity Joint Venture - Intell41

Equity Joint Venture - Intellectual Property Licensing Agreement (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 24, 2016	Sep. 26, 2015	Sep. 24, 2016	Sep. 26, 2015	Feb. 29, 2016	Dec. 26, 2015
Schedule of Equity Method Investments [Line Items]
Operating income related to licensed IP	$ 24,000,000	$ 0	$ 57,000,000	$ 0
Equity method investments	60,000,000		60,000,000			$ 0
China JVs
Schedule of Equity Method Investments [Line Items]
Estimated license fees expected to be earned over several years pursuant to a licensing agreement					$ 293,000,000
Operating income related to licensed IP	24,000,000		57,000,000
Equity method investments	$ 0		$ 0

Net Loss Per Share (Details)

Net Loss Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 24, 2016	Sep. 26, 2015	Sep. 24, 2016	Sep. 26, 2015
Numerator – Net loss:
Numerator for basic and diluted net loss per share	$ (406)	$ (197)	$ (446)	$ (558)
Denominator – Weighted average shares
Denominator for basic and diluted net loss per share (in shares)	815	785	801	780
Net loss per share:
Basic (in usd per share)	$ (0.50)	$ (0.25)	$ (0.56)	$ (0.72)
Diluted (in usd per share)	$ (0.50)	$ (0.25)	$ (0.56)	$ (0.72)
Stock Options and Restricted Stock Units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive shares	144	64	217	61

Financial Instruments (Cash and

Financial Instruments (Cash and Cash Equivalents and Fair Value Measurements) (Details) - USD ($)	Sep. 24, 2016	Dec. 26, 2015
Schedule of Investments [Line Items]
Cash and cash equivalents	$ 1,258,000,000	$ 785,000,000
Fair value, level 1 to level 2 transfers, amount	0	0
Fair value, level 2 to level 1 transfers, amount	0	0
Level 2
Schedule of Investments [Line Items]
Cash and cash equivalents	952,000,000	376,000,000
Cash
Schedule of Investments [Line Items]
Cash and cash equivalents	306,000,000	409,000,000
Commercial Paper | Level 2
Schedule of Investments [Line Items]
Cash and cash equivalents	$ 952,000,000	$ 376,000,000

Financial Instruments (Narrativ

Financial Instruments (Narrative) (Details) - Level 1 - USD ($) $ in Millions	Sep. 24, 2016	Dec. 26, 2015
Money Market Funds
Schedule of Investments [Line Items]
Available-for-sale investments used as collateral	$ 3	$ 1
Mutual Funds
Schedule of Investments [Line Items]
Restricted investments	$ 14	$ 15

Financial Instruments (Schedule

Financial Instruments (Schedule of Carrying Amounts and Estimated Fair Values of Financial Instruments not Recorded at Fair Value) (Details) - USD ($) $ in Millions	Sep. 24, 2016	Dec. 26, 2015
Carrying Amount
Short-term debt	$ 0	$ 230
Long-term debt	1,630	2,000
Estimated Fair Value
Unamortized debt issuance costs	26	25
Level 2
Estimated Fair Value
Short-term debt	0	230
Long-term debt	1,990	$ 1,372
2.125% Convertible Senior Notes due 2026 | Convertible Debt
Estimated Fair Value
Unamortized debt discount	$ 273

Financial Instruments (Gain (Lo

Financial Instruments (Gain (Loss) from Hedging Transactions) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 24, 2016	Sep. 26, 2015	Sep. 24, 2016	Sep. 26, 2015
Contracts designated as cash flow hedging instruments | Cash flow hedging instruments
Foreign Currency Forward Contracts - gains (losses)
Other comprehensive income (loss)	$ (1)	$ (7)	$ 7	$ (7)
Contracts designated as cash flow hedging instruments | Cash flow hedging instruments | Cost of sales
Foreign Currency Forward Contracts - gains (losses)
Gain (loss) reclassified from accumulated OCI into income	0	(1)	0	(2)
Contracts designated as cash flow hedging instruments | Cash flow hedging instruments | Research and development
Foreign Currency Forward Contracts - gains (losses)
Gain (loss) reclassified from accumulated OCI into income	1	(3)	0	(7)
Contracts designated as cash flow hedging instruments | Cash flow hedging instruments | Marketing, general and administrative
Foreign Currency Forward Contracts - gains (losses)
Gain (loss) reclassified from accumulated OCI into income	0	(2)	0	(5)
Contracts not designated as hedging instruments | Other income (expense), net
Foreign Currency Forward Contracts - gains (losses)
Gain (loss) included in other income (expense)	$ 0	$ (2)	$ 2	$ (3)

Financial Instruments (Summary

Financial Instruments (Summary of Derivative Instruments) (Details) - USD ($) $ in Millions	Sep. 24, 2016	Dec. 26, 2015
Contracts designated as cash flow hedging instruments | Foreign Currency Forward Contracts
Foreign Currency Forward Contracts - gains (losses)
Derivative, notional amount	$ 152	$ 156
Level 2 | Contracts designated as cash flow hedging instruments | Foreign Currency Forward Contracts
Foreign Currency Forward Contracts - gains (losses)
Contracts designated as cash flow hedging instruments	1	(6)
Level 2 | Contracts designated as fair value hedging instruments | Interest Rate Swap Contracts
Interest Rate Swap Contracts - gains (losses)
Contracts designated as fair value hedging instruments	$ 2	$ 7

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 24, 2016	Sep. 26, 2015	Sep. 24, 2016	Sep. 26, 2015	Dec. 26, 2015
Income Tax Disclosure [Abstract]
Provision for income taxes	$ 4	$ 0	$ 34
Tax expenses (benefits) arising from other comprehensive income and Canadian tax credits			(4)
Provision (Benefit) for Income Taxes [Line Items]
Foreign taxes in profitable locations	1		6	$ 4
Withholding taxes applicable to license fee revenue from foreign locations	$ 3		$ 5
Ownership percentage	15.00%		15.00%
Income tax provision related to activities of two former subsidiaries					$ 2
Gross unrecognized tax benefits	$ 41		$ 41
China
Provision (Benefit) for Income Taxes [Line Items]
Foreign taxes in profitable locations			21
Withholding tax expense of future repatriation of foreign gains			$ 6

Segment Reporting (Net Revenue

Segment Reporting (Net Revenue and Operating Income (Loss) by Segment) (Details) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 24, 2016USD ($)	Sep. 26, 2015USD ($)	Sep. 24, 2016USD ($)segment	Sep. 26, 2015USD ($)
Segment Reporting [Abstract]
Number of reportable segments | segment			2
Segment Reporting Information [Line Items]
Net revenue	$ 1,307	$ 1,061	$ 3,166	$ 3,033
Operating income (loss)	(293)	(158)	(369)	(432)
Operating Segments | Computing and Graphics
Segment Reporting Information [Line Items]
Net revenue	472	424	1,367	1,335
Operating income (loss)	(66)	(181)	(217)	(403)
Operating Segments | Enterprise, Embedded and Semi-Custom
Segment Reporting Information [Line Items]
Net revenue	835	637	1,799	1,698
Operating income (loss)	136	84	236	156
All Other
Segment Reporting Information [Line Items]
Operating income (loss)	$ (363)	$ (61)	$ (388)	$ (185)

Segment Reporting (All Other Ca

Segment Reporting (All Other Category) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 24, 2016	Sep. 26, 2015	Sep. 24, 2016	Sep. 26, 2015
Operating loss:
Restructuring and other special charges, net	$ 0	$ (48)	$ 10	$ (135)
Operating loss	(293)	(158)	(369)	(432)
All Other
Operating loss:
Stock-based compensation expense	(23)	(13)	(57)	(47)
Restructuring and other special charges, net	0	(48)	10	(135)
Charge related to the Sixth Amendment to the WSA with GF	(340)	0	(340)	0
Other	0	0	(1)	(3)
Operating loss	$ (363)	$ (61)	$ (388)	$ (185)

Public Offering of Common Sto51

Public Offering of Common Stock (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	Sep. 14, 2016	Sep. 24, 2016	Sep. 24, 2016	Sep. 26, 2015	Sep. 23, 2016	Dec. 26, 2015
Class of Stock [Line Items]
Common stock, par value (in usd per share)	$ 0.01	$ 0.01	$ 0.01			$ 0.01
Shares offered, price per share (in usd per share)					$ 6.55
Proceeds from issuance of common stock, net of issuance costs		$ 668	$ 668	$ 0
Stock issuance costs		$ 22
Common Stock
Class of Stock [Line Items]
Shares offered, price per share (in usd per share)	$ 6
Common Stock | Public Offering
Class of Stock [Line Items]
Shares offered in public offering (in shares)	100
Common Stock | Over-Allotment Option
Class of Stock [Line Items]
Shares offered in public offering (in shares)	15
Over-allotment option, term	30 days

Stock-Based Incentive Compens52

Stock-Based Incentive Compensation Plans (Share-based Compensation, Allocation of Recognized Period Costs) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 24, 2016	Sep. 26, 2015	Sep. 24, 2016	Sep. 26, 2015
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense, net of tax	$ 23,000,000	$ 13,000,000	$ 57,000,000	$ 47,000,000
Income tax benefit associated with stock-based compensation expense	0	0	0	0
Cost of sales
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense, net of tax	0	0	1,000,000	2,000,000
Research and development
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense, net of tax	15,000,000	7,000,000	34,000,000	27,000,000
Marketing, general and administrative
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense, net of tax	$ 8,000,000	$ 6,000,000	$ 22,000,000	$ 18,000,000

Stock-Based Incentive Compens53

Stock-Based Incentive Compensation Plans (Weighted-average Valuation Assumptions) (Details) - Stock Options	3 Months Ended		9 Months Ended
	Sep. 24, 2016	Sep. 26, 2015	Sep. 24, 2016	Sep. 26, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility	59.85%	71.71%	59.85%	60.19%
Risk-free interest rate	1.00%	1.32%	1.00%	1.24%
Expected dividends	0.00%	0.00%	0.00%	0.00%
Expected life	3 years 11 months 23 days	3 years 10 months 27 days	3 years 11 months 23 days	3 years 10 months 27 days

Stock-Based Incentive Compens54

Stock-Based Incentive Compensation Plans (Narrative) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 24, 2016	Sep. 26, 2015	Sep. 24, 2016	Sep. 26, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Excess tax benefit related to stock-based compensation	$ 0	$ 0	$ 0	$ 0
Stock options, shares granted	2,200,000	5,200,000	2,200,000	5,900,000
Stock options, shares granted, weighted average estimated grant date fair value per share (in usd per share)	$ 3.10	$ 0.94	$ 3.10	$ 0.96
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock units, shares granted	19,500,000	25,000,000	26,000,000	33,900,000
Stock units, shares granted, weighted average grant date fair value (in usd per share)	$ 5.10	$ 1.79	$ 4.55	$ 1.96
PRSUs with Market Conditions
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock units, shares granted	2,000,000	3,300,000	2,000,000	3,300,000
PRSUs without Market Conditions
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock units, shares granted				800,000
The 2016 PRSU Grants | PRSUs with Market Conditions
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compounded annual growth rate period	3 years
Performance period	3 years
Potential payout level 1	50.00%
Potential payout level 2	100.00%
Potential payout level 3	150.00%
Potential payout level 4	200.00%
Potential payout level 5	250.00%
Stock units, shares outstanding	2,000,000		2,000,000
Stock units, shares outstanding, weighted average grant date fair value (in usd per share)	$ 4.50		$ 4.50
The 2016 PRSU Grants | Certification of the attainment of the performance level | PRSUs with Market Conditions
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights, percentage	50.00%
The 2016 PRSU Grants | Prior to first anniversary of the grant date | PRSUs with Market Conditions
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights (in shares)	0
The 2016 PRSU Grants | End of the Performance Period | PRSUs with Market Conditions
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights, percentage	50.00%
The 2015 PRSU Grants | PRSUs with Market Conditions
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compounded annual growth rate period		3 years
Performance period		3 years
Potential payout level 1		50.00%
Potential payout level 2		100.00%
Potential payout level 3		200.00%
Potential payout level 4		250.00%
Stock units, shares outstanding		3,300,000		3,300,000
Stock units, shares outstanding, weighted average grant date fair value (in usd per share)		$ 1.44		$ 1.44
Payout level achieved	250.00%		250.00%
The 2015 PRSU Grants | Certification of the attainment of the performance level | PRSUs with Market Conditions
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights, percentage		50.00%
The 2015 PRSU Grants | Prior to first anniversary of the grant date | PRSUs with Market Conditions
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights (in shares)		0
The 2015 PRSU Grants | End of the Performance Period | PRSUs with Market Conditions
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights, percentage		50.00%

Commitments and Contingencies55

Commitments and Contingencies (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 24, 2016	Sep. 26, 2015	Sep. 24, 2016	Sep. 26, 2015
Changes in Product Warranty Liability [Roll Forward]
Beginning balance	$ 11	$ 17	$ 15	$ 19
New warranties issued	5	7	15	21
Settlements	(5)	(5)	(13)	(20)
Changes in liability for pre-existing warranties, including expirations	0	(4)	(6)	(5)
Ending balance	$ 11	$ 15	$ 11	$ 15

Restructuring and Other Speci56

Restructuring and Other Special Charges, Net (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 24, 2016	Sep. 26, 2015	Sep. 24, 2016	Sep. 26, 2015	Dec. 27, 2014
Restructuring Cost and Reserve [Line Items]
Restructuring and other special charges, net	$ 0	$ 48	$ (10)	$ 135
Dense Server Systems Business Exit
Restructuring Cost and Reserve [Line Items]
Restructuring and other special charges, net				76
Acquired intangible assets impairment charge				62
Asset impairment charges				7
Severance and related benefits charges				4
Contract or program termination charges				$ 3
2015 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Reduction of the Company's global workforce (as a percent)		5.00%		5.00%
Restructuring charge				$ 41
Restructuring charge reversal			(1)
2015 Restructuring Plan | Severance and Related Benefits
Restructuring Cost and Reserve [Line Items]
Restructuring charge				31
Restructuring charge reversal			(1)
2015 Restructuring Plan | Facility Related Costs
Restructuring Cost and Reserve [Line Items]
Restructuring charge				1
2015 Restructuring Plan | Intangible Asset Related Restructuring
Restructuring Cost and Reserve [Line Items]
Restructuring charge				9
2015 Restructuring Plan | Other exit related costs
Restructuring Cost and Reserve [Line Items]
Restructuring charge reversal			0
2014 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Reduction of the Company's global workforce (as a percent)					6.00%
Restructuring charge				18
Restructuring charge reversal			(9)
2014 Restructuring Plan | Severance and Related Benefits
Restructuring Cost and Reserve [Line Items]
Restructuring charge				4
Restructuring charge reversal			(2)
2014 Restructuring Plan | Facility Related Costs
Restructuring Cost and Reserve [Line Items]
Restructuring charge				9
Restructuring charge reversal related to facility costs			(5)
2014 Restructuring Plan | Asset Impairment Related Restructuring
Restructuring Cost and Reserve [Line Items]
Restructuring charge				$ 5
2014 Restructuring Plan | Other exit related costs
Restructuring Cost and Reserve [Line Items]
Restructuring charge reversal			$ (7)

Restructuring and Other Speci57

Restructuring and Other Special Charges, Net (Schedule of Restructuring Activities and Related Liabilities) (Details) $ in Millions	9 Months Ended
	Sep. 24, 2016USD ($)
2015 Restructuring Plan
Restructuring Reserve [Roll Forward]
Balance as of beginning of period	$ 14
Charges (reversals), net	(1)
Cash payments	(8)
Balance as of end of period	5
2015 Restructuring Plan | Severance and related benefits
Restructuring Reserve [Roll Forward]
Balance as of beginning of period	14
Charges (reversals), net	(1)
Cash payments	(8)
Balance as of end of period	5
2015 Restructuring Plan | Other exit related costs
Restructuring Reserve [Roll Forward]
Balance as of beginning of period	0
Charges (reversals), net	0
Cash payments	0
Balance as of end of period	0
2014 Restructuring Plan
Restructuring Reserve [Roll Forward]
Balance as of beginning of period	20
Charges (reversals), net	(9)
Cash payments	(6)
Balance as of end of period	5
2014 Restructuring Plan | Severance and related benefits
Restructuring Reserve [Roll Forward]
Balance as of beginning of period	5
Charges (reversals), net	(2)
Cash payments	(1)
Balance as of end of period	2
2014 Restructuring Plan | Other exit related costs
Restructuring Reserve [Roll Forward]
Balance as of beginning of period	15
Charges (reversals), net	(7)
Cash payments	(5)
Balance as of end of period	$ 3

Accumulated Other Comprehensi58

Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 24, 2016	Sep. 26, 2015	Sep. 24, 2016	Sep. 26, 2015
Changes in Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance			$ (412)
Total other comprehensive income (loss)	$ 0	$ (10)	5	$ (10)
Ending balance	385		385
Unrealized gains (losses) on available-for-sale securities
Changes in Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(2)	1	(1)	1
Unrealized gains (losses) arising during the period	1	(3)	(1)	(3)
Reclassification adjustment for (gains) losses realized and included in net income (loss)	0	0	0	0
Tax effect	0	0	1	0
Total other comprehensive income (loss)	1	(3)	0	(3)
Ending balance	(1)	(2)	(1)	(2)
Unrealized gains (losses) on cash flow hedges
Changes in Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(1)	(6)	(7)	(6)
Unrealized gains (losses) arising during the period	0	(13)	7	(21)
Reclassification adjustment for (gains) losses realized and included in net income (loss)	(1)	6	1	14
Tax effect	0	0	(3)	0
Total other comprehensive income (loss)	(1)	(7)	5	(7)
Ending balance	(2)	(13)	(2)	(13)
Total
Changes in Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(3)	(5)	(8)	(5)
Unrealized gains (losses) arising during the period	1	(16)	6	(24)
Reclassification adjustment for (gains) losses realized and included in net income (loss)	(1)	6	1	14
Tax effect	0	0	(2)	0
Total other comprehensive income (loss)	0	(10)	5	(10)
Ending balance	$ (3)	$ (15)	$ (3)	$ (15)

Secured Revolving Line of Cre59

Secured Revolving Line of Credit (Details) - USD ($)	Apr. 14, 2015	Sep. 24, 2016	Sep. 24, 2016	Dec. 26, 2015
Line of Credit Facility [Line Items]
Repayments of lines of credit		$ 226,000,000
Secured revolving line of credit, outstanding balance		0	$ 0	$ 230,000,000
Secured revolving line of credit, interest rate at period end				4.00%
Outstanding letters of credit		21,000,000	21,000,000
Amount available for future borrowings (up to)		$ 395,000,000	$ 395,000,000
Debt repayment period			90 days
Secured Revolving Line of Credit
Line of Credit Facility [Line Items]
Secured revolving line of credit, maximum borrowing capacity	$ 500,000,000
Additional borrowing capacity (up to)	$ 200,000,000
Secured Revolving Line of Credit | Maximum
Line of Credit Facility [Line Items]
Percentage of eligible accounts receivable	85.00%
Percentage of certain qualified eligible accounts receivable	90.00%
Letter of Credit
Line of Credit Facility [Line Items]
Secured revolving line of credit, maximum borrowing capacity	$ 75,000,000