Subsequent Event Subsequent Event (Notes) |
9 Months Ended |
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Jun. 28, 2015 | |
| Subsequent Event [Abstract] | |
| Subsequent Event |
Note 12 - Subsequent Event
On July 22, 2015, the Company announced a Strategic Realignment Plan designed to improve execution, enhance financial performance and drive profitable growth as the Company works to create sustainable long-term value for stockholders. As part of this, among other actions, the Company is implementing a cost reduction plan to reduce annual costs from fiscal 2015 levels of $7.3 billion (adjusted for variable compensation) by approximately $1.1 billion through a series of targeted reductions across the Company’s businesses, particularly in QCT. The Company also plans to reduce annual share-based compensation grants by approximately $300 million. The Company expects these cost initiatives to be fully implemented by the end of fiscal 2016. In connection with this plan, the Company expects to incur approximately $350 million to $450 million in restructuring and restructuring-related charges, of which approximately $100 million to $200 million are expected to be incurred in the fourth quarter of fiscal 2015. Restructuring and restructuring-related charges include an estimate of severance costs, lease termination costs, acceleration of depreciation, consultancy fees and other costs.
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