QUALCOMM Incorporated Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Fair Value Measurements (Tables)

Fair Value Measurements (Tables)

12 Months Ended

Sep. 24, 2017

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]

Fair value hierarchy for assets and liabilities measured at fair value on a recurring basis

The following table presents the Company’s fair value hierarchy for assets and liabilities measured at fair value on a recurring basis at September 24, 2017 (in millions):



	Level 1		Level 2		Level 3		Total
Assets
Cash equivalents	$	21,016	$	12,933	$	—	$	33,949
Marketable securities
U.S. Treasury securities and government-related securities	969		13		—		982
Corporate bonds and notes	—		2,285		—		2,285
Mortgage- and asset-backed and auction rate securities	—		93		40		133
Equity and preferred securities and equity funds	36		—		—		36
Debt funds	—		109		—		109
Total marketable securities	1,005		2,500		40		3,545
Derivative instruments	—		14		—		14
Other investments	369		—		125		494
Total assets measured at fair value	$	22,390	$	15,447	$	165	$	38,002
Liabilities
Derivative instruments	$	—	$	27	$	—	$	27
Other liabilities	369		—		196		565
Total liabilities measured at fair value	$	369	$	27	$	196	$	592

Activity for assets classified within Level 3 of the valuation hierarchy

The following table includes the activity for marketable securities, other investments and other liabilities classified within Level 3 of the valuation hierarchy (in millions):



	2017									2016
	Marketable Securities			Other Investments			Other Liabilities			Marketable Securities			Other Investments
Beginning balance of Level 3	$	43		$	37		$	—		$	224		$	13
Total realized and unrealized gains or losses:
Included in selling, general and administrative expenses	—			—			(7		)	—			—
Included in investment and other income, net	—			3			—			(4		)	(23		)
Included in other comprehensive income (loss)	—			8			—			(1		)	15
Issuances	—			—			203			—			—
Purchases	—			111			—			2			40
Sales	—			—			—			(106		)	—
Settlements	(3		)	(34		)	—			(45		)	(8		)
Transfers into Level 3	—			—			—			—			—
Transfers out of Level 3	—			—			—			(27		)	—
Ending balance of Level 3	$	40		$	125		$	196		$	43		$	37

Activity for liabilities classified within Level 3 of the valuation hierarchy [Table Text Block]

The following table includes the activity for marketable securities, other investments and other liabilities classified within Level 3 of the valuation hierarchy (in millions):



	2017									2016
	Marketable Securities			Other Investments			Other Liabilities			Marketable Securities			Other Investments
Beginning balance of Level 3	$	43		$	37		$	—		$	224		$	13
Total realized and unrealized gains or losses:
Included in selling, general and administrative expenses	—			—			(7		)	—			—
Included in investment and other income, net	—			3			—			(4		)	(23		)
Included in other comprehensive income (loss)	—			8			—			(1		)	15
Issuances	—			—			203			—			—
Purchases	—			111			—			2			40
Sales	—			—			—			(106		)	—
Settlements	(3		)	(34		)	—			(45		)	(8		)
Transfers into Level 3	—			—			—			—			—
Transfers out of Level 3	—			—			—			(27		)	—
Ending balance of Level 3	$	40		$	125		$	196		$	43		$	37