Composition of Certain Financial Statement Items (Tables)
|
12 Months Ended |
Sep. 29, 2019 |
Balance Sheet Related Disclosures [Abstract] |
|
Accounts Receivable |
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|
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|
|
Accounts Receivable (in millions) |
|
|
|
|
September 29, 2019 |
|
September 30, 2018 |
Trade, net of allowances for doubtful accounts of $47 and $56, respectively |
$ |
1,046 |
|
|
$ |
2,667 |
|
Unbilled receivables |
1,411 |
|
|
201 |
|
Other |
14 |
|
|
36 |
|
|
$ |
2,471 |
|
|
$ |
2,904 |
|
|
Inventories |
|
|
|
|
|
|
|
|
|
Inventories (in millions) |
|
|
|
|
September 29, 2019 |
|
September 30, 2018 |
Raw materials |
$ |
77 |
|
|
$ |
72 |
|
Work-in-process |
667 |
|
|
715 |
|
Finished goods |
656 |
|
|
906 |
|
|
$ |
1,400 |
|
|
$ |
1,693 |
|
|
Property, Plant and Equipment |
|
|
|
|
|
|
|
|
|
Property, Plant and Equipment (in millions) |
September 29, 2019 |
|
September 30, 2018 |
Land |
$ |
170 |
|
|
$ |
186 |
|
Buildings and improvements |
1,546 |
|
|
1,575 |
|
Computer equipment and software |
1,356 |
|
|
1,419 |
|
Machinery and equipment |
4,007 |
|
|
3,792 |
|
Furniture and office equipment |
86 |
|
|
85 |
|
Leasehold improvements |
301 |
|
|
325 |
|
Construction in progress |
182 |
|
|
79 |
|
|
7,648 |
|
|
7,461 |
|
Less accumulated depreciation and amortization |
(4,567 |
) |
|
(4,486 |
) |
|
$ |
3,081 |
|
|
$ |
2,975 |
|
|
Goodwill |
Goodwill and Other Intangible Assets. We allocate goodwill to our reporting units for annual impairment testing purposes. The following table presents the goodwill allocated to our reportable and nonreportable segments, as described in Note 8, as well as the changes in the carrying amounts of goodwill during fiscal 2019 and 2018 (in millions):
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QCT |
|
QTL |
|
Nonreportable Segments |
|
Total |
Balance at September 24, 2017 |
$ |
5,581 |
|
|
$ |
741 |
|
|
$ |
301 |
|
|
$ |
6,623 |
|
Impairments (Note 10) |
— |
|
|
(22 |
) |
|
(107 |
) |
|
(129 |
) |
Other (1) |
6 |
|
|
(1 |
) |
|
(1 |
) |
|
4 |
|
Balance at September 30, 2018 (2) |
5,587 |
|
|
718 |
|
|
193 |
|
|
6,498 |
|
Acquisitions |
18 |
|
|
— |
|
|
— |
|
|
18 |
|
Impairments (Note 10) |
— |
|
|
— |
|
|
(146 |
) |
|
(146 |
) |
Other (1) |
(40 |
) |
|
(1 |
) |
|
(47 |
) |
|
(88 |
) |
Balance at September 29, 2019 (2) |
$ |
5,565 |
|
|
$ |
717 |
|
|
$ |
— |
|
|
$ |
6,282 |
|
|
|
(1) |
Includes changes in goodwill amounts resulting from the sale of our mobile health nonreportable segment in fiscal 2019, foreign currency translation and purchase accounting adjustments. |
|
|
(2) |
Cumulative goodwill impairments were $812 million and $666 million at September 29, 2019 and September 30, 2018, respectively.
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|
Intangible Assets |
The components of other intangible assets, net were as follows (in millions):
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|
September 29, 2019 |
|
September 30, 2018 |
|
Gross Carrying
Amount
|
|
Accumulated
Amortization
|
|
Weighted-average amortization period
(years)
|
|
Gross Carrying
Amount
|
|
Accumulated
Amortization
|
|
Weighted-average amortization period
(years)
|
Technology-based |
$ |
5,958 |
|
|
$ |
(3,851 |
) |
|
10 |
|
$ |
6,334 |
|
|
$ |
(3,461 |
) |
|
10 |
Other |
134 |
|
|
(69 |
) |
|
9 |
|
149 |
|
|
(67 |
) |
|
8 |
|
$ |
6,092 |
|
|
$ |
(3,920 |
) |
|
10 |
|
$ |
6,483 |
|
|
$ |
(3,528 |
) |
|
10 |
|
Other Current Liabilities |
|
|
|
|
|
|
|
|
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Other Current Liabilities (in millions) |
|
|
|
|
September 29, 2019 |
|
September 30, 2018 |
Customer incentives and other customer-related liabilities |
$ |
1,129 |
|
|
$ |
3,500 |
|
Accrual for EC fines (Note 7) |
1,379 |
|
|
1,167 |
|
Income taxes payable |
480 |
|
|
453 |
|
RF360 Holdings Put and Call Option (Note 9) |
— |
|
|
1,137 |
|
Other |
470 |
|
|
721 |
|
|
$ |
3,458 |
|
|
$ |
6,978 |
|
|
Other Comprehensive Income |
Accumulated Other Comprehensive Income. Changes in the components of accumulated other comprehensive income, net of income taxes, in stockholders’ equity during fiscal 2019 were as follows (in millions):
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|
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|
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Foreign Currency Translation Adjustment |
|
Noncredit Other-than-Temporary Impairment Losses and Subsequent Changes in Fair Value for Certain Available-for-Sale Debt Securities |
|
Net Unrealized Gains (Losses) on Other Available-for-Sale Securities |
|
Net Unrealized Gain (Loss) on Derivative Instruments |
|
Other Gains (Losses) |
|
Total Accumulated Other Comprehensive Income |
Balance at September 30, 2018 |
$ |
11 |
|
|
$ |
23 |
|
|
$ |
243 |
|
|
$ |
(13 |
) |
|
$ |
1 |
|
|
$ |
265 |
|
Other comprehensive (loss) income before reclassifications |
(110 |
) |
|
— |
|
|
(6 |
) |
|
26 |
|
|
(19 |
) |
|
(109 |
) |
Reclassifications from accumulated other comprehensive income |
— |
|
|
— |
|
|
(51 |
) |
|
(5 |
) |
|
— |
|
|
(56 |
) |
Other comprehensive (loss) income |
(110 |
) |
|
— |
|
|
(57 |
) |
|
21 |
|
|
(19 |
) |
|
(165 |
) |
Balance at September 29, 2019 |
$ |
(99 |
) |
|
$ |
23 |
|
|
$ |
186 |
|
|
$ |
8 |
|
|
$ |
(18 |
) |
|
$ |
100 |
|
|
Investment and Other Income, net |
|
|
|
|
|
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Investment and Other Income, Net (in millions) |
|
|
|
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|
2019 |
|
2018 |
|
2017 |
Interest and dividend income |
$ |
316 |
|
|
$ |
625 |
|
|
$ |
619 |
|
Net gains on marketable securities |
288 |
|
|
41 |
|
|
456 |
|
Net gains on other investments |
68 |
|
|
83 |
|
|
74 |
|
Impairment losses on marketable securities and other investments |
(135 |
) |
|
(75 |
) |
|
(177 |
) |
Net (losses) gains on derivative instruments |
(14 |
) |
|
(27 |
) |
|
32 |
|
Equity in net losses of investees |
(93 |
) |
|
(145 |
) |
|
(74 |
) |
Net gains (losses) on foreign currency transactions |
11 |
|
|
37 |
|
|
(30 |
) |
|
$ |
441 |
|
|
$ |
539 |
|
|
$ |
900 |
|
|