0001709048-22-000038 | 6-K | XBRL Viewer

Cover	6 Months Ended
Jun. 30, 2022
Cover [Abstract]
Document Type	6-K
Entity Registrant Name	GLOBALFOUNDRIES Inc.
Document Period End Date	Jun. 30, 2022
Current Fiscal Year End Date	--12-31
Entity Central Index Key	0001709048
Amendment Flag	false

COMMITMENTS AND CONTINGENCIES - Unconditional Purchase Commitments (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Other Provisions, Contingent Liabilities, and Contingent Assets [Abstract]
Contracts for operating expenditures	$ 3,553	$ 3,405
Contractual capital and operating commitments	7,802	6,400
Due within the next 12 months	$ 4,636	$ 3,543

Label

Element

Value

Disclosure Of Detailed Information About Activity In Unbilled Accounts Receivables [Table Text Block]

gfs_DisclosureOfDetailedInformationAboutActivityInUnbilledAccountsReceivablesTableTextBlock

The following table summarizes the activity in the Company’s unbilled accounts receivable for the six months ended June 30, 2022 and the twelve months ended December 31, 2021, respectively:


(in millions)	June 30, 2022		December 31, 2021
Balance, beginning of period	$	43	$	62
Revenue recognized during the period	48		44
Amounts invoiced	(61)		(69)
Other	—		6
Balance, end of period	$	30	$	43

Increase (Decrease) Through Transactions With Owners, Repayment Of Loan To Shareholder

gfs_IncreaseDecreaseThroughTransactionsWithOwnersRepaymentOfLoanToShareholder

$ (126,000,000)

Increase (Decrease) Through Transactions With Owners, Repayment Of Loan To Shareholder

gfs_IncreaseDecreaseThroughTransactionsWithOwnersRepaymentOfLoanToShareholder

(126,000,000)

Increase (Decrease) Through Transactions With Owners, Repayment Of Loan To Shareholder

gfs_IncreaseDecreaseThroughTransactionsWithOwnersRepaymentOfLoanToShareholder

(126,000,000)

Current Unbilled Receivables, Revenue Recognized During The Year

gfs_CurrentUnbilledReceivablesRevenueRecognizedDuringTheYear

48,000,000

Current Unbilled Receivables, Revenue Recognized During The Year

gfs_CurrentUnbilledReceivablesRevenueRecognizedDuringTheYear

44,000,000

Non-Current Nontrade Receivables

gfs_NonCurrentNontradeReceivables

12,000,000

Non-Current Nontrade Receivables

gfs_NonCurrentNontradeReceivables

13,000,000

Marketable Securities, Current

gfs_MarketableSecuritiesCurrent

525,000,000

Marketable Securities, Current

gfs_MarketableSecuritiesCurrent

Adjustments For Amortization Of Deferred Income From Government Grants

gfs_AdjustmentsForAmortizationOfDeferredIncomeFromGovernmentGrants

15,000,000

Adjustments For Amortization Of Deferred Income From Government Grants

gfs_AdjustmentsForAmortizationOfDeferredIncomeFromGovernmentGrants

16,000,000

Proceeds from issuance of equity instruments

gfs_ProceedsFromIssuanceOfEquityInstruments

82,000,000

Proceeds from issuance of equity instruments

gfs_ProceedsFromIssuanceOfEquityInstruments

82,000,000

Proceeds from issuance of equity instruments

gfs_ProceedsFromIssuanceOfEquityInstruments

82,000,000

Repayments Of Shareholder Loans

gfs_RepaymentsOfShareholderLoans

Repayments Of Shareholder Loans

gfs_RepaymentsOfShareholderLoans

126,000,000

Non-Current Prepayments And Other Current Assets

gfs_NonCurrentPrepaymentsAndOtherCurrentAssets

562,000,000

Non-Current Prepayments And Other Current Assets

gfs_NonCurrentPrepaymentsAndOtherCurrentAssets

$ 254,000,000

Share-Based Payment Arrangement, Performance Period

gfs_ShareBasedPaymentArrangementPerformancePeriod

2 years

Share-Based Payment Arrangement, Performance Period

gfs_ShareBasedPaymentArrangementPerformancePeriod

3 years

Current Unbilled Receivables

gfs_CurrentUnbilledReceivables

$ 30,000,000

Current Unbilled Receivables

gfs_CurrentUnbilledReceivables

43,000,000

Current Unbilled Receivables

gfs_CurrentUnbilledReceivables

62,000,000

Marketable Securities, Non-current

gfs_MarketableSecuritiesNonCurrent

263,000,000

Marketable Securities, Non-current

gfs_MarketableSecuritiesNonCurrent

Bank Guarantees

gfs_BankGuarantees

3,000,000

Bank Guarantees

gfs_BankGuarantees

3,000,000

Current Receivables From Government Grants

gfs_CurrentReceivablesFromGovernmentGrants

47,000,000

Current Receivables From Government Grants

gfs_CurrentReceivablesFromGovernmentGrants

$ 46,000,000

Disclosure Of Detailed Information About Accounts Receivable [Table Text Block]

gfs_DisclosureOfDetailedInformationAboutAccountsReceivableTableTextBlock


(in millions)	June 30, 2022		December 31, 2021
Current:
Trade receivables, other than related parties	$	845	$	872
Unbilled accounts receivable (1)	30		43
Other receivables	260		239
Receivables from government grants	47		46
Receivables from related parties	9		8
	$	1,191	$	1,208
Noncurrent:
Advances to suppliers (2)	$	246	$	199
Non-trade receivables	12		13
Marketable securities	263		—
Other	41		42
Total	$	562	$	254

(1) Unbilled accounts receivable represents amounts recognized on revenue contracts less associated advances and progress billings. These amounts will be billed in accordance with the agreed-upon contractual terms or rendering services.

(2) Primarily represents advances to suppliers to offset against future purchases.

Share-Based Payment Arrangement, Shares Available

gfs_ShareBasedPaymentArrangementSharesAvailable

7,500,000

Interest And Income Taxes Paid

gfs_InterestAndIncomeTaxesPaid

$ 48,000,000

Interest And Income Taxes Paid

gfs_InterestAndIncomeTaxesPaid

54,000,000

Purchase of investment in marketable securities

gfs_PurchaseOfInvestmentInMarketableSecurities

790,000,000

Purchase of investment in marketable securities

gfs_PurchaseOfInvestmentInMarketableSecurities

Payments Of Debt And Finance Lease Obligations

gfs_PaymentsOfDebtAndFinanceLeaseObligations

212,000,000

Payments Of Debt And Finance Lease Obligations

gfs_PaymentsOfDebtAndFinanceLeaseObligations

$ 448,000,000

Share-Based Payment Arrangement, Commencement Period

gfs_ShareBasedPaymentArrangementCommencementPeriod

8 years

Amounts Payable For Property, Plant And Equipment

gfs_AmountsPayableForPropertyPlantAndEquipment

$ 532,000,000

Amounts Payable For Property, Plant And Equipment

gfs_AmountsPayableForPropertyPlantAndEquipment

$ 270,000,000

Share-Based Payment Arrangement, Annual Increase Percentage

gfs_ShareBasedPaymentArrangementAnnualIncreasePercentage

0.25%

Share-Based Payment Arrangement, Maximum Grant Limit

gfs_ShareBasedPaymentArrangementMaximumGrantLimit

18,750,000

Current Unbilled Receivables, Amounts Invoiced

gfs_CurrentUnbilledReceivablesAmountsInvoiced

$ 61,000,000

Current Unbilled Receivables, Amounts Invoiced

gfs_CurrentUnbilledReceivablesAmountsInvoiced

69,000,000

Property, Plant And Equipment Acquired Through Lease

gfs_PropertyPlantAndEquipmentAcquiredThroughLease

61,000,000

Property, Plant And Equipment Acquired Through Lease

gfs_PropertyPlantAndEquipmentAcquiredThroughLease

92,000,000

Current Unbilled Receivables, Reclassifications

gfs_CurrentUnbilledReceivablesReclassifications

Current Unbilled Receivables, Reclassifications

gfs_CurrentUnbilledReceivablesReclassifications

$ 6,000,000

Share-Based Payment Arrangement, Vesting Percentage

gfs_ShareBasedPaymentArrangementVestingPercentage

0.00%

Share-Based Payment Arrangement, Vesting Percentage

gfs_ShareBasedPaymentArrangementVestingPercentage

200.00%

Other Purchases Of Goods, Related Party Transactions

gfs_OtherPurchasesOfGoodsRelatedPartyTransactions

$ 12,000,000

Other Purchases Of Goods, Related Party Transactions

gfs_OtherPurchasesOfGoodsRelatedPartyTransactions

11,000,000

Other Purchases Of Goods, Related Party Transactions

gfs_OtherPurchasesOfGoodsRelatedPartyTransactions

22,000,000

Other Purchases Of Goods, Related Party Transactions

gfs_OtherPurchasesOfGoodsRelatedPartyTransactions

22,000,000

Amounts Payable For Intangible Assets

gfs_AmountsPayableForIntangibleAssets

106,000,000

Amounts Payable For Intangible Assets

gfs_AmountsPayableForIntangibleAssets

$ 122,000,000

Print Document View Excel Document
Cover Cover INVESTMENT IN JOINT VENTURES Notes Tables INVENTORIES (Tables) FAIR VALUE MEASUREMENTS OF ASSETS AND LIABILITIES (Tables) Notes Details COMMITMENTS AND CONTINGENCIES - Unconditional Purchase Commitments (Details) Uncategorized Uncategorized Items - gfs-20220630_htm.xml All Reports