Stockholders' Equity (Notes)
|6 Months Ended|
Mar. 27, 2016
|Stockholders' Equity Attributable to Parent [Abstract]|
Note 4. Stockholders’ Equity
Changes in stockholders’ equity for the six months ended March 27, 2016 were as follows (in millions):
Accumulated Other Comprehensive Income. Changes in the components of accumulated other comprehensive income, net of income taxes, in Qualcomm stockholders’ equity during the six months ended March 27, 2016 were as follows (in millions):
Reclassifications from accumulated other comprehensive income related to available-for-sale securities of $11 million and $18 million for the three and six months ended March 27, 2016, respectively, and $47 million and $118 million for the three and six months ended March 29, 2015, respectively, were recorded in investment income, net (Note 2).
Stock Repurchase Program. On March 9, 2015, the Company announced a stock repurchase program authorizing it to repurchase up to $15 billion of the Company’s common stock. The stock repurchase program has no expiration date. During the six months ended March 27, 2016 and March 29, 2015, the Company repurchased and retired 68,335,000 and 50,699,000 shares of common stock, respectively, for $3.6 billion in each period, before commissions. At March 27, 2016, $3.3 billion remained authorized for repurchase under the Company’s stock repurchase program.
Dividends. On March 8, 2016, the Company announced a 10% increase in its quarterly cash dividend per share of common stock from $0.48 to $0.53, which is effective for dividends payable after March 23, 2016. On April 8, 2016, the Company announced a cash dividend of $0.53 per share on the Company’s common stock, payable on June 22, 2016 to stockholders of record as of the close of business on June 1, 2016. During the six months ended March 27, 2016 and March 29, 2015, dividends charged to retained earnings were as follows (in millions, except per share data):
The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.
Reference 1: http://www.xbrl.org/2003/role/presentationRef