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Basis of Presentation and Significant Accounting Policies (Tables) | 9 Months Ended
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Sep. 29, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Schedule of New Accounting Pronouncements and Changes in Accounting Principles | The impact on the Company’s previously reported Consolidated Statement of Operations as a result of the adoption of the new standard was as follows:
| Three months ended September 29, 2017 |  | Nine months ended September 29, 2017
| As Previously Reported |  | Adjustment |  | As Adjusted |  | As Previously Reported |  | Adjustment |  | As Adjusted
| (In millions, except per share amounts)
Net revenue | $ | 1,643 |  |  | $ | (59 | ) |  | $ | 1,584 |  |  | $ | 3,849 |  |  | $ | 64 |  |  | $ | 3,913 |
Cost of sales | 1,070 |  |  | (57 | ) |  | 1,013 |  |  | 2,541 |  |  | 37 |  |  | 2,578 |
Gross margin | 573 |  |  | (2 | ) |  | 571 |  |  | 1,308 |  |  | 27 |  |  | 1,335 |
Research and development | 315 |  |  | 5 |  |  | 320 |  |  | 860 |  |  | 16 |  |  | 876 |
Marketing, general and administrative | 132 |  |  | — |  |  | 132 |  |  | 378 |  |  | 4 |  |  | 382 |
Licensing gain | — |  |  | — |  |  | — |  |  | (52 | ) |  | — |  |  | (52 | )
Operating income (loss) | 126 |  |  | (7 | ) |  | 119 |  |  | 122 |  |  | 7 |  |  | 129 |
Interest expense | (31 | ) |  | — |  |  | (31 | ) |  | (95 | ) |  | — |  |  | (95 | )
Other expense, net | (3 | ) |  | — |  |  | (3 | ) |  | (11 | ) |  | — |  |  | (11 | )
Income (loss) before equity loss and income taxes | 92 |  |  | (7 | ) |  | 85 |  |  | 16 |  |  | 7 |  |  | 23 |
Provision for income taxes | 19 |  |  | 3 |  |  | 22 |  |  | 27 |  |  | 3 |  |  | 30 |
Equity loss in investee | (2 | ) |  | — |  |  | (2 | ) |  | (7 | ) |  | — |  |  | (7 | )
Net income (loss) | $ | 71 |  |  | $ | (10 | ) |  | $ | 61 |  |  | $ | (18 | ) |  | $ | 4 |  |  | $ | (14 | )
Earnings (loss) per share |  |  |  |  |  |  |  |  |  |  |
Basic | $ | 0.07 |  |  | $ | (0.01 | ) |  | $ | 0.06 |  |  | $ | (0.02 | ) |  | $ | 0.01 |  |  | $ | (0.01 | )
Diluted | $ | 0.07 |  |  | $ | (0.01 | ) |  | $ | 0.06 |  |  | $ | (0.02 | ) |  | $ | 0.01 |  |  | $ | (0.01 | )
Shares used in per share calculation |  |  |  |  |  |  |  |  |  |  |
Basic | 957 |  |  |  |  |  | 957 |  |  | 947 |  |  |  |  | 947 |
Diluted | 1,042 |  |  |  |  |  | 1,042 |  |  | 947 |  |  |  |  | 947 |
The impact on the Company’s previously reported Consolidated Balance Sheets line items affected by the adoption of the new standard was as follows:
| December 30, 2017
| As Previously Reported |  | Adjustment |  | As Adjusted
| (In millions, except per share amounts)
Accounts receivable, net | $ | 400 |  |  | $ | 54 |  |  | $ | 454 |
Inventories, net | 739 |  |  | (45 | ) |  | 694 |
Other current assets | 188 |  |  | 3 |  |  | 191 |
Accrued liabilities | 541 |  |  | 14 |  |  | 555 |
Other current liabilities | 57 |  |  | 35 |  |  | 92 |
Deferred income on shipments to distributors | 22 |  |  | (22 | ) |  | — |
Accumulated deficit | (7,760 | ) |  | (15 | ) |  | (7,775 | )

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