Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Notes)

v3.3.1.900
Stockholders' Equity (Notes)
6 Months Ended
Mar. 27, 2016
Stockholders' Equity Attributable to Parent [Abstract]  
Stockholders' Equity
Note 4. Stockholders’ Equity
Changes in stockholders’ equity for the six months ended March 27, 2016 were as follows (in millions):
 
Qualcomm Stockholders’ Equity
 
Noncontrolling Interests
 
Total Stockholders’ Equity
Balance at September 27, 2015
$
31,421

 
$
(7
)
 
$
31,414

Net income (loss)
2,662

 
(2
)
 
2,660

Other comprehensive loss
(35
)
 

 
(35
)
Common stock issued under employee benefit plans and related tax benefits
238

 

 
238

Share-based compensation
520

 

 
520

Tax withholdings related to vesting of share-based payments
(107
)
 

 
(107
)
Dividends
(1,456
)
 

 
(1,456
)
Stock repurchases
(3,598
)
 

 
(3,598
)
Other

 
1

 
1

Balance at March 27, 2016
$
29,645

 
$
(8
)
 
$
29,637


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):
 
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 27, 2015
$
(160
)
 
$
4

 
$
297

 
$
54

 
$
195

Other comprehensive loss before reclassifications
(11
)
 
(8
)
 
(41
)
 

 
(60
)
Reclassifications from accumulated other comprehensive income
6

 
(5
)
 
23

 
1

 
25

Other comprehensive (loss) income
(5
)
 
(13
)
 
(18
)
 
1

 
(35
)
Balance at March 27, 2016
$
(165
)
 
$
(9
)
 
$
279

 
$
55

 
$
160


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):
 
2016
 
2015
 
Per Share
 
Total
 
Per Share
 
Total
First quarter
$
0.48

 
$
730

 
$
0.42

 
$
710

Second quarter
0.48

 
726

 
0.42

 
702

 
$
0.96

 
$
1,456

 
$
0.84

 
$
1,412