QUALCOMM Incorporated Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

Fair Value Measurements (Tables)

9 Months Ended

Jun. 30, 2013

Notes to Financial Statements [Abstract]

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 June 30, 2013 (in millions):



	Level 1		Level 2		Level 3		Total
Assets
Cash equivalents	$	1,278	$	681	$	—	$	1,959
Marketable securities
U.S. Treasury securities and government-related securities	870		816		—		1,686
Corporate bonds and notes	—		15,029		—		15,029
Mortgage- and asset-backed securities	—		1,253		304		1,557
Auction rate securities	—		—		83		83
Common and preferred stock	1,506		854		—		2,360
Equity funds	1,354		—		—		1,354
Debt funds	2,261		3,539		—		5,800
Total marketable securities	5,991		21,491		387		27,869
Derivative instruments	1		65		—		66
Other investments	230		—		—		230
Total assets measured at fair value	$	7,500	$	22,237	$	387	$	30,124
Liabilities
Derivative instruments	$	—	$	12	$	—	$	12
Other liabilities	230		—		—		230
Total liabilities measured at fair value	$	230	$	12	$	—	$	242

Activity for marketable securities classified within Level 3 of the valuation hierarchy

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



	Nine Months Ended June 30, 2013						Nine Months Ended June 24, 2012
	Auction Rate Securities			Other Marketable Securities			Auction Rate Securities			Other Marketable Securities			Other Liabilities
Beginning balance of Level 3	$	118		$	203		$	124		$	27		$	7
Total realized and unrealized gains or losses:
Included in investment income, net	—			4			—			2			(7		)
Included in other comprehensive income	1			(2		)	—			1			—
Purchases	—			157			—			110			—
Sales	—			(10		)	—			—			—
Settlements	(36		)	(66		)	(4		)	(17		)	—
Transfers into Level 3	—			18			—			15			—
Ending balance of Level 3	$	83		$	304		$	120		$	138		$	—

Activity for other liabilities classified within Level 3 of the valuation hierarchy

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



	Nine Months Ended June 30, 2013						Nine Months Ended June 24, 2012
	Auction Rate Securities			Other Marketable Securities			Auction Rate Securities			Other Marketable Securities			Other Liabilities
Beginning balance of Level 3	$	118		$	203		$	124		$	27		$	7
Total realized and unrealized gains or losses:
Included in investment income, net	—			4			—			2			(7		)
Included in other comprehensive income	1			(2		)	—			1			—
Purchases	—			157			—			110			—
Sales	—			(10		)	—			—			—
Settlements	(36		)	(66		)	(4		)	(17		)	—
Transfers into Level 3	—			18			—			15			—
Ending balance of Level 3	$	83		$	304		$	120		$	138		$	—

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

+ References + Details

- Definition

Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

+ References + Details