AMD 2010 Annual Report Download - page 119
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Interest Expense
2010 2009 2008
(In millions)
Total interest charges .................................... $199 $439 $400
Less: interest capitalized .................................. — (1) (9)
Interest expense ......................................... $199 $438 $391
During 2008, the Company had capitalized interest primarily in connection with the construction of the Fab
36 wafer fabrication facility and equipment facilitization activities in Dresden, Germany. The Company
discontinued capitalizing interest for Fab 36 in the first quarter of 2008 when it was in full production. The
Company recorded $1 million of capitalized interest during 2009 related to GF’s Fab 2 building site in Saratoga
County, New York.
Other Income (Expense), Net
2010 2009 2008
(In millions)
Gain upon deconsolidation of GF $325 $— $—
Net gain (loss) on debt redemption .......................... (24) 169 33
Gain on sale of certain Handheld assets ...................... — 28 —
Impairment charges related to Spansion investment ............. — (3) (53)
Other ................................................. 10 (28) (17)
Other income (expense), net ............................... $311 $166 $ (37)
NOTE 13: Segment Reporting
Management, including the Chief Operating Decision Maker (CODM), who is the Company’s chief
executive officer, reviews and assesses operating performance using segment net revenues and operating income
(loss) before interest, other income (expense), equity in net income (loss) of investees and income taxes. These
performance measures include the allocation of expenses to the operating segments based on management’s
judgment.
In the first quarter of 2008, the CODM reviewed and addressed operating performance using the following
three reportable segments:
• the Computing Solutions segment, which included microprocessors, chipsets and embedded processors
and related revenue;
• the Graphics segment, which included graphics, video and multimedia products and related revenue; and
• the Consumer Electronics segment, which included products used in handheld devices, digital
televisions and other consumer electronics as well as revenue from royalties received in connection with
sales of game console systems that incorporate the Company’s graphics technology.
In the second quarter of 2008, the Company decided to divest its Handheld and Digital Television business
units, which were previously part of the Consumer Electronics segment. As a result, the Company classified
these business units as discontinued operations in the Company’s financial statements. The CODM began
reviewing and assessing operating performance using the following reportable segments:
• the Computing Solutions segment, which included microprocessors, chipsets and embedded processors
and related revenue; and
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