Annual report pursuant to Section 13 and 15(d)

Marketable Securities (Tables)

v3.3.0.814
Marketable Securities (Tables)
12 Months Ended
Sep. 27, 2015
Marketable Securities [Abstract]  
Composition of marketable securities
Marketable securities were comprised as follows (in millions):
 
Current
 
Noncurrent
 
September 27,
2015
 
September 28,
2014
 
September 27,
2015
 
September 28,
2014
Trading:
 
 
 
 
 
 
 
U.S. Treasury securities and government-related securities
$

 
$
320

 
$
12

 
$
38

Corporate bonds and notes

 
191

 
364

 
367

Mortgage- and asset-backed and auction rate securities

 

 
242

 
237

Total trading

 
511

 
618

 
642

Available-for-sale:
 
 
 
 
 
 
 
U.S. Treasury securities and government-related securities
156

 
805

 
691

 
392

Corporate bonds and notes
7,926

 
6,274

 
7,112

 
7,649

Mortgage- and asset-backed and auction rate securities
1,302

 
1,063

 
263

 
278

Equity and preferred securities and equity funds
377

 
192

 
1,253

 
2,146

Debt funds

 
813

 
2,909

 
2,560

Total available-for-sale
9,761

 
9,147

 
12,228

 
13,025

Fair value option:
 
 
 
 
 
 
 
Debt fund

 

 
780

 
790

Total marketable securities
$
9,761

 
$
9,658

 
$
13,626

 
$
14,457

Contractual maturities of available-for-sale debt securities
At September 27, 2015, the contractual maturities of available-for-sale debt securities were as follows (in millions):
Years to Maturity
 
 
 
 
Less Than
One Year
 
One to
Five Years
 
Five to
Ten Years
 
Greater Than
Ten Years
 
No Single
Maturity
Date
 
Total
$
3,124

 
$
11,271

 
$
980

 
$
510

 
$
4,474

 
$
20,359

Realized gains and losses on sales of available-for-sale securities
The Company recorded realized gains and losses on sales of available-for-sale securities as follows (in millions):
 
Gross Realized Gains
 
Gross Realized Losses
 
Net Realized Gains
2015
$
540

 
$
(52
)
 
$
488

2014
732

 
(18
)
 
714

2013
430

 
(142
)
 
288

Composition of available-for-sale securities
Available-for-sale securities were comprised as follows (in millions):
 
Cost
 
Unrealized Gains
 
Unrealized Losses
 
Fair Value
September 27, 2015
 
 
 
 
 
 
 
Equity securities
$
1,394

 
$
264

 
$
(28
)
 
$
1,630

Debt securities (including debt funds)
20,459

 
185

 
(285
)
 
20,359

 
$
21,853

 
$
449

 
$
(313
)
 
$
21,989

September 28, 2014
 
 
 
 
 
 
 
Equity securities
$
1,769

 
$
575

 
$
(6
)
 
$
2,338

Debt securities (including debt funds)
19,582

 
312

 
(60
)
 
19,834

 
$
21,351

 
$
887

 
$
(66
)
 
$
22,172

Gross unrealized losses and fair values of investments in individual securities classified as available-for-sale in a continuous unrealized loss position deemed to be temporary
The following table shows the gross unrealized losses and fair values of the Company’s investments in individual securities that are classified as available-for-sale and have been in a continuous unrealized loss position deemed to be temporary for less than 12 months and for more than 12 months, aggregated by investment category (in millions):
 
September 27, 2015
 
Less than 12 months
 
More than 12 months
 
Fair Value
 
Unrealized Losses
 
Fair Value
 
Unrealized Losses
U.S. Treasury securities and government-related securities
$
304

 
$
(4
)
 
$

 
$

Corporate bonds and notes
7,656

 
(93
)
 
368

 
(62
)
Mortgage- and asset-backed and auction rate securities
862

 
(3
)
 
108

 
(1
)
Equity and preferred securities and equity funds
392

 
(28
)
 
17

 

Debt funds
1,792

 
(117
)
 
124

 
(5
)
 
$
11,006

 
$
(245
)
 
$
617

 
$
(68
)
 
September 28, 2014
 
Less than 12 months
 
More than 12 months
 
Fair Value
 
Unrealized Losses
 
Fair Value
 
Unrealized Losses
U.S. Treasury securities and government-related securities
$
279

 
$
(2
)
 
$

 
$

Corporate bonds and notes
4,924

 
(31
)
 
104

 
(4
)
Mortgage- and asset-backed and auction rate securities
484

 
(1
)
 
135

 
(2
)
Equity and preferred securities and equity funds
86

 
(3
)
 
52

 
(3
)
Debt funds
133

 
(1
)
 
384

 
(19
)
 
$
5,906

 
$
(38
)
 
$
675

 
$
(28
)