| Share-based compensation expense related to all share-based awards |
Total share-based compensation expense, related to all of our share-based awards, was comprised as follows (in millions):
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
December 30,
2018 |
|
December 24,
2017 |
Cost of revenues |
$ |
8 |
|
|
$ |
10 |
|
Research and development |
157 |
|
|
156 |
|
Selling, general and administrative |
65 |
|
|
82 |
|
Share-based compensation expense before income taxes |
230 |
|
|
248 |
|
Related income tax benefit |
(48 |
) |
|
(49 |
) |
|
$ |
182 |
|
|
$ |
199 |
|
|
| Cumulative effects of adopting the new revenue accounting standard |
The following table summarizes the cumulative effects of adopting the new revenue accounting guidance (substantially all of which related to the impact to QTL’s sales-based royalties) on our condensed consolidated balance sheet at October 1, 2018 (in millions):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance as of September 30,
2018 |
|
Adjustment |
|
Opening Balance as of October 1,
2018 |
Assets |
|
|
|
|
|
Accounts receivable, net |
$ |
2,904 |
|
|
$ |
957 |
|
|
$ |
3,861 |
|
Other current assets |
699 |
|
|
1 |
|
|
700 |
|
Deferred tax assets |
936 |
|
|
(98 |
) |
|
838 |
|
Other assets |
1,970 |
|
|
1 |
|
|
1,971 |
|
|
|
|
|
|
|
|
|
Liabilities |
|
|
|
|
|
Unearned revenues, current |
$ |
500 |
|
|
$ |
6 |
|
|
$ |
506 |
|
Other current liabilities |
6,978 |
|
|
125 |
|
|
7,103 |
|
Unearned revenues |
1,620 |
|
|
(110 |
) |
|
1,510 |
|
|
|
|
|
|
|
Stockholders’ equity |
|
|
|
|
|
Retained earnings |
$ |
542 |
|
|
$ |
840 |
|
|
$ |
1,382 |
|
The following tables summarize the impacts of adopting the new revenue accounting guidance on our condensed consolidated balance sheet and statement of operations (in millions):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of December 30, 2018 |
Balance Sheet |
As Reported
ASC 606
|
|
Adjustment |
|
ASC 605 |
Assets |
|
|
|
|
|
Accounts receivable, net |
$ |
3,426 |
|
|
$ |
(845 |
) |
|
$ |
2,581 |
|
Other current assets |
855 |
|
|
23 |
|
|
878 |
|
Deferred tax assets |
3,923 |
|
|
56 |
|
|
3,979 |
|
Other assets |
2,056 |
|
|
1 |
|
|
2,057 |
|
|
|
|
|
|
|
Liabilities |
|
|
|
|
|
Unearned revenues, current |
$ |
484 |
|
|
4 |
|
|
$ |
488 |
|
Other current liabilities |
6,831 |
|
|
(271 |
) |
|
6,560 |
|
Unearned revenues |
1,420 |
|
|
309 |
|
|
1,729 |
|
|
|
|
|
|
|
Stockholders’ equity |
|
|
|
|
|
Retained earnings |
$ |
3,415 |
|
|
$ |
(807 |
) |
|
$ |
2,608 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended December 30, 2018 |
Statement of Operations |
As Reported
ASC 606
|
|
Adjustment |
|
ASC 605 |
Revenues |
|
|
|
|
|
Equipment and services |
$ |
3,754 |
|
|
$ |
(15 |
) |
|
$ |
3,739 |
|
Licensing |
1,088 |
|
|
51 |
|
|
1,139 |
|
Investment and other income, net |
5 |
|
|
2 |
|
|
7 |
|
Income tax benefit |
509 |
|
|
(5 |
) |
|
504 |
|
Net income |
1,068 |
|
|
33 |
|
|
1,101 |
|
|