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. 29, 2015

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 29, 2015 (in millions):



	Level 1		Level 2		Level 3		Total
Assets
Cash equivalents	$	2,453	$	2,751	$	—	$	5,204
Marketable securities (a)
U.S. Treasury securities and government-related securities	252		1,209		—		1,461
Corporate bonds and notes	—		15,440		—		15,440
Mortgage- and asset-backed securities	—		1,355		181		1,536
Auction rate securities	—		—		47		47
Common and preferred stock	676		715		—		1,391
Equity funds	646		—		—		646
Debt funds	—		3,597		—		3,597
Total marketable securities	1,574		22,316		228		24,118
Derivative instruments	1		6		—		7
Other investments (a)	318		—		—		318
Total assets measured at fair value	$	4,346	$	25,073	$	228	$	29,647
Liabilities
Derivative instruments	$	2	$	4	$	—	$	6
Other liabilities	294		—		—		294
Total liabilities measured at fair value	$	296	$	4	$	—	$	300

(a) Included amounts that are restricted (Note 12).

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

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



	Six Months Ended March 29, 2015						Six Months Ended March 30, 2014
	Auction Rate Securities			Mortgage- and Asset-Backed Securities			Auction Rate Securities		Mortgage- and Asset-Backed Securities
Beginning balance of Level 3	$	83		$	186		$	83	$	239
Total realized and unrealized gains or losses:
Included in investment income, net	—			3			—		3
Included in other comprehensive income	—			(4		)	—		1
Purchases	—			50			—		49
Sales	—			(41		)	—		(18		)
Settlements	(36		)	(13		)	—		(22		)
Transfers out of Level 3	—			—			—		(2		)
Ending balance of Level 3	$	47		$	181		$	83	$	250

- 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.

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