Composition of Certain Financial Statement Items
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Inventories (in millions) |
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December 24, 2017 |
|
September 24, 2017 |
Raw materials |
$ |
96 |
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|
$ |
103 |
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Work-in-process |
712 |
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|
799 |
|
Finished goods |
1,064 |
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|
1,133 |
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$ |
1,872 |
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|
$ |
2,035 |
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Other Current Liabilities (in millions) |
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December 24, 2017 |
|
September 24, 2017 |
Customer incentives and other customer-related liabilities |
$ |
2,989 |
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|
$ |
2,804 |
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Accrual for EC fine (Note 6) |
1,183 |
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|
— |
|
Accrual for TFTC fine (Note 6) |
156 |
|
|
778 |
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Other |
1,021 |
|
|
1,174 |
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|
$ |
5,349 |
|
|
$ |
4,756 |
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Other Income, Costs and Expenses. Other expenses in the three months ended December 24, 2017 was comprised of the $1.2 billion charge related to the European Commission (EC) fine (Note 6). Other expenses in the three months ended December 25, 2016 consisted of a $868 million charge related to the Korea Fair Trade Commission (KFTC) fine and $8 million in restructuring and restructuring-related charges related to the Company’s Strategic Realignment Plan.
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Investment and Other Income, Net (in millions) |
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Three Months Ended |
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December 24, 2017 |
|
December 25, 2016 |
Interest and dividend income |
$ |
126 |
|
|
$ |
167 |
|
Net realized gains on marketable securities |
10 |
|
|
139 |
|
Net realized gains on other investments |
13 |
|
|
8 |
|
Impairment losses on marketable securities |
(1 |
) |
|
(122 |
) |
Impairment losses on other investments |
(8 |
) |
|
(21 |
) |
Net (losses) gains on derivative investments |
(1 |
) |
|
8 |
|
Equity in net (losses) earnings of investees
|
(21 |
) |
|
3 |
|
Net losses on foreign currency transactions |
(4 |
) |
|
— |
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|
$ |
114 |
|
|
$ |
182 |
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