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)

6 Months Ended

Mar. 30, 2014

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 March 30, 2014 (in millions):



	Level 1		Level 2		Level 3		Total
Assets
Cash equivalents	$	3,486	$	2,295	$	—	$	5,781
Marketable securities
U.S. Treasury securities and government-related securities	810		898		—		1,708
Corporate bonds and notes	—		14,170		—		14,170
Mortgage- and asset-backed securities	—		1,201		250		1,451
Auction rate securities	—		—		83		83
Common and preferred stock	1,544		894		—		2,438
Equity funds	633		—		—		633
Debt funds	1,586		3,647		—		5,233
Total marketable securities	4,573		20,810		333		25,716
Derivative instruments	—		26		—		26
Other investments	270		—		—		270
Total assets measured at fair value	$	8,329	$	23,131	$	333	$	31,793
Liabilities
Derivative instruments	$	—	$	3	$	—	$	3
Other liabilities	270		—		—		270
Total liabilities measured at fair value	$	270	$	3	$	—	$	273

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):



	Six Months Ended March 30, 2014					Six Months Ended March 31, 2013
	Auction Rate Securities		Other Marketable Securities			Auction Rate Securities			Other Marketable Securities
Beginning balance of Level 3	$	83	$	239		$	118		$	203
Total realized and unrealized gains or losses:
Included in investment income, net	—		3			—			3
Included in other comprehensive income	—		1			1			3
Purchases	—		49			—			127
Sales	—		(18		)	—			(6		)
Settlements	—		(22		)	(35		)	(36		)
Transfers (out of) into Level 3	—		(2		)	—			18
Ending balance of Level 3	$	83	$	250		$	84		$	312

- 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