Composition of Certain Financial Statement Items (Tables)
|
12 Months Ended |
Sep. 27, 2015 |
|---|
| Notes to Financial Statements [Abstract] |
|
| Accounts Receivable |
|
|
|
|
|
|
|
|
|
Accounts Receivable (in millions) |
|
|
|
|
September 27, 2015 |
|
September 28, 2014 |
Trade, net of allowances for doubtful accounts of $6 and $5, respectively |
$ |
1,941 |
|
|
$ |
2,362 |
|
Long-term contracts |
11 |
|
|
17 |
|
Other |
12 |
|
|
33 |
|
|
$ |
1,964 |
|
|
$ |
2,412 |
|
|
| Inventories |
|
|
|
|
|
|
|
|
|
Inventories (in millions) |
|
|
|
|
September 27,
2015 |
|
September 28,
2014 |
Raw materials |
$ |
1 |
|
|
$ |
1 |
|
Work-in-process |
550 |
|
|
656 |
|
Finished goods |
941 |
|
|
801 |
|
|
$ |
1,492 |
|
|
$ |
1,458 |
|
|
| Property, Plant and Equipment |
|
|
|
|
|
|
|
|
|
Property, Plant and Equipment (in millions) |
September 27, 2015 |
|
September 28, 2014 |
Land |
$ |
212 |
|
|
$ |
225 |
|
Buildings and improvements |
1,544 |
|
|
1,456 |
|
Computer equipment and software |
1,422 |
|
|
1,349 |
|
Machinery and equipment |
2,287 |
|
|
2,117 |
|
Furniture and office equipment |
83 |
|
|
85 |
|
Leasehold improvements |
274 |
|
|
247 |
|
Construction in progress |
72 |
|
|
201 |
|
|
5,894 |
|
|
5,680 |
|
Less accumulated depreciation and amortization |
(3,360 |
) |
|
(3,193 |
) |
|
$ |
2,534 |
|
|
$ |
2,487 |
|
|
| Goodwill |
The Company allocates goodwill to its reporting units for annual impairment testing purposes. The following table presents the goodwill allocated to the Company’s reportable and nonreportable segments, as described in Note 8, as well as the changes in the carrying amounts of goodwill during fiscal 2015 and 2014 (in millions):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
QCT |
|
QTL |
|
Nonreportable Segments |
|
Total |
Balance at September 29, 2013 |
$ |
2,875 |
|
|
$ |
706 |
|
|
$ |
395 |
|
|
$ |
3,976 |
|
Acquisitions |
592 |
|
|
6 |
|
|
30 |
|
|
628 |
|
Impairments |
— |
|
|
— |
|
|
(116 |
) |
|
(116 |
) |
Balance at September 28, 2014 (1)
|
3,467 |
|
|
712 |
|
|
309 |
|
|
4,488 |
|
Acquisitions |
998 |
|
|
6 |
|
|
254 |
|
|
1,258 |
|
Impairments |
— |
|
|
— |
|
|
(260 |
) |
|
(260 |
) |
Other (2) |
(4 |
) |
|
— |
|
|
(3 |
) |
|
(7 |
) |
Balance at September 27, 2015 (1)
|
$ |
4,461 |
|
|
$ |
718 |
|
|
$ |
300 |
|
|
$ |
5,479 |
|
|
|
(1) |
Cumulative goodwill impairments were $520 million and $260 million at September 27, 2015 and September 28, 2014, respectively.
|
|
|
(2) |
Includes changes in goodwill amounts resulting from foreign currency translation and purchase accounting adjustments. |
|
| Schedule of Intangible Assets and Goodwill |
The components of other intangible assets, net were as follows (in millions):
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 27, 2015 |
|
September 28, 2014 |
|
Gross Carrying
Amount
|
|
Accumulated
Amortization
|
|
Weighted-average amortization period
(years)
|
|
Gross Carrying
Amount
|
|
Accumulated
Amortization
|
|
Weighted-average amortization period
(years)
|
Wireless spectrum |
$ |
2 |
|
|
$ |
(2 |
) |
|
5 |
|
$ |
18 |
|
|
$ |
(9 |
) |
|
14 |
Marketing-related |
93 |
|
|
(59 |
) |
|
8 |
|
78 |
|
|
(47 |
) |
|
9 |
Technology-based |
5,735 |
|
|
(2,078 |
) |
|
10 |
|
4,460 |
|
|
(1,956 |
) |
|
11 |
Customer-related |
111 |
|
|
(60 |
) |
|
4 |
|
85 |
|
|
(49 |
) |
|
6 |
|
$ |
5,941 |
|
|
$ |
(2,199 |
) |
|
10 |
|
$ |
4,641 |
|
|
$ |
(2,061 |
) |
|
11 |
|
| Other Current Liabilities |
|
|
|
|
|
|
|
|
|
Other Current Liabilities (in millions) |
|
|
|
|
September 27,
2015 |
|
September 28,
2014 |
Customer incentives and other customer-related liabilities |
$ |
1,894 |
|
|
$ |
1,777 |
|
Other |
462 |
|
|
466 |
|
|
$ |
2,356 |
|
|
$ |
2,243 |
|
|
| Other Comprehensive Income |
Changes in the components of accumulated other comprehensive income, net of income taxes, in Qualcomm stockholders’ equity during fiscal year ended September 27, 2015 were as follows (in millions):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 Gain (Loss) on Other Available-for-Sale Securities |
|
Net Unrealized Gain (Loss) on Derivative Instruments |
|
Total Accumulated Other Comprehensive Income |
Balance at September 28, 2014 |
$ |
(113 |
) |
|
$ |
24 |
|
|
$ |
723 |
|
|
$ |
— |
|
|
$ |
634 |
|
Other comprehensive (loss) income before reclassifications |
(47 |
) |
|
(19 |
) |
|
(215 |
) |
|
54 |
|
|
(227 |
) |
Reclassifications from accumulated other comprehensive (loss) income |
— |
|
|
(1 |
) |
|
(211 |
) |
|
— |
|
|
(212 |
) |
Other comprehensive (loss) income |
(47 |
) |
|
(20 |
) |
|
(426 |
) |
|
54 |
|
|
(439 |
) |
Balance at September 27, 2015 |
$ |
(160 |
) |
|
$ |
4 |
|
|
$ |
297 |
|
|
$ |
54 |
|
|
$ |
195 |
|
|
| Investment Income, net |
|
|
|
|
|
|
|
|
|
|
|
|
|
Investment Income, Net (in millions) |
|
|
|
|
|
|
2015 |
|
2014 |
|
2013 |
Interest and dividend income |
$ |
527 |
|
|
$ |
586 |
|
|
$ |
697 |
|
Net realized gains on marketable securities |
451 |
|
|
770 |
|
|
317 |
|
Net realized gains on other investments |
49 |
|
|
56 |
|
|
52 |
|
Impairment losses on marketable securities |
(163 |
) |
|
(156 |
) |
|
(72 |
) |
Impairment losses on other investments |
(37 |
) |
|
(24 |
) |
|
(13 |
) |
Net gains on derivative instruments |
17 |
|
|
5 |
|
|
— |
|
Equity in net losses of investees |
(32 |
) |
|
(10 |
) |
|
(6 |
) |
Net gains on deconsolidation of subsidiaries |
3 |
|
|
6 |
|
|
12 |
|
|
$ |
815 |
|
|
$ |
1,233 |
|
|
$ |
987 |
|
|