Item 6. SELECTED FINANCIAL DATA


	2020(1)		2019(1)		2018(1)		2017(1)(2)		2016(1)(2)
	In millions except per share amounts
Net revenue	$	9,763	$	6,731	$	6,475	$	5,253	$	4,319
Net income (loss) (3)	$	2,490	$	341	$	337	$	(33)	$	(498)
Earnings (loss) per share
Basic	$	2.10	$	0.31	$	0.34	$	(0.03)	$	(0.60)
Diluted	$	2.06	$	0.30	$	0.32	$	(0.03)	$	(0.60)
Shares used in per share calculation
Basic	1,184		1,091		982		952		835
Diluted	1,207		1,120		1,064		952		835
Long-term debt, net and other long-term liabilities (4)	$	507	$	643	$	1,306	$	1,443	$	1,559
Total assets	$	8,962	$	6,028	$	4,556	$	3,552	$	3,328


(1)						2020, 2019, 2018, and 2017 each consisted of 52 weeks, whereas 2016 consisted of 53 weeks.

(2)						2017 and 2016 amounts adjusted to reflect the retrospective application of Financial Accounting Standards Board (FASB) Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers.

(3)						In 2020, we recognized a $1.3 billion income tax benefit upon the release of a portion of the valuation allowance on deferred tax assets, which resulted in an equivalent increase to our deferred tax assets and thus an increase to total assets. In 2016, we recorded a charge of $340 million in Cost of sales, consisting of the $240 million value of the warrant under a warrant agreement and the $100 million payment, which were both associated with the sixth amendment to the wafer sourcing agreement (WSA) with Global Foundries. In addition, we recorded a cumulative pre-tax gain of $146 million on the sale of our 85% equity interest in the ATMP JV.

(4)						In 2019, we reduced our long-term debt, net and other long-term liabilities by $663 million, primarily due to $628 million of net debt conversion and repayment. In 2016, we reduced our long-term debt, net and other long term liabilities by $534 million, primarily due to $1,048 million of net debt repayment, partially offset by the issuance of $805 million in principal amount of 2.125% Notes net of unamortized discount of $308 million and unamortized issuance cost of $14 million.