AMD 2014 Annual Report Download - page 86

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As of December 27, 2014, the Company’s future amortization expenses related to acquisition-related
intangible assets were as follows:
Year (In millions)
2015 ........................................................... $13
2016 ........................................................... 11
2017 ........................................................... 11
2018 ........................................................... 11
2019 ........................................................... 11
2020 and thereafter ................................................ 2
Total intangible assets subject to amortization ........................... 59
In-process research and development .................................. 6
Total intangible assets, net .......................................... $65
NOTE 7: Financial Instruments
Cash, Cash Equivalents and Marketable Securities
Cash and financial instruments measured and recorded at fair value on a recurring basis as of December 27,
2014 and December 28, 2013 are summarized below:
Total Fair
Value
Cash and
Cash
Equivalents
Short-Term
Marketable
Securities
Long-Term
Marketable
Securities
(In millions)
December 27, 2014
Cash ............................................. $ 391 $391 $— $—
Level 1(1)(2)
Money market funds ............................. 4 4 — —
Total level 1 ............................... 4 4 — —
Level 2(2)(3)
Commercial paper ............................... 618 410 208 —
Corporate bonds ................................ 27 — 27 —
Total level 2 ............................... 645 410 235 —
Total ............................................. $1,040 $805 $235 $—
Total Fair
Value
Cash and
Cash
Equivalents
Short-Term
Marketable
Securities
Long-Term
Marketable
Securities
(In millions)
December 28, 2013
Cash ............................................. $ 429 $ 429 $ — $—
Level 1(1)(2)
Money market funds ............................. 21 19 — 2
Total level 1 ............................... 21 19 — 2
Level 2(2)(3)
Commercial paper ............................... 599 421 178 —
Time deposits .................................. 50 — 50 —
Corporate bonds ................................ 88 — — 88
Total level 2 ............................... 737 421 228 88
Total ............................................. $ 1,187 $ 869 $ 228 $ 90
(1) The Company’s Level 1 assets are valued using quoted prices for identical instruments in active markets.
(2) The Company did not have any transfers between Level 1 and Level 2 of the fair value hierarchy during
2014 and 2013.
80