Annual report pursuant to Section 13 and 15(d)

Marketable Securities (Tables)

v3.8.0.1
Marketable Securities (Tables)
12 Months Ended
Sep. 24, 2017
Marketable Securities [Abstract]  
Composition of marketable securities
Marketable securities were comprised as follows (in millions):
 
Current
 
Noncurrent
 
September 24,
2017
 
September 25,
2016
 
September 24,
2017
 
September 25,
2016
Available-for-sale:
 
 
 
 
 
 
 
U.S. Treasury securities and government-related securities
$
23

 
$
1,116

 
$
959

 
$
1,099

Corporate bonds and notes
2,014

 
10,159

 
271

 
8,584

Mortgage- and asset-backed and auction rate securities
93

 
1,363

 
40

 
534

Equity and preferred securities and equity funds
36

 
64

 

 
1,682

Debt funds
109

 

 

 
1,803

Total available-for-sale
2,275

 
12,702

 
1,270

 
13,702

Time deposits
4

 

 

 

Total marketable securities
$
2,279

 
$
12,702

 
$
1,270

 
$
13,702

Contractual maturities of available-for-sale debt securities
At September 24, 2017, the contractual maturities of available-for-sale debt securities were as follows (in millions):
 
September 24,
2017
Years to Maturity:
 
Less than one year
$
2,189

One to five years
1,079

Five to ten years

Greater than ten years

No single maturity date
241

Total
$
3,509

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
2017
$
553

 
$
(127
)
 
$
426

2016
277

 
(37
)
 
240

2015
540

 
(52
)
 
488

Composition of available-for-sale securities
Available-for-sale securities were comprised as follows (in millions):
 
Cost
 
Unrealized Gains
 
Unrealized Losses
 
Fair Value
September 24, 2017
 
 
 
 
 
 
 
Equity securities
$
8

 
$
28

 
$

 
$
36

Debt securities (including debt funds)
3,497

 
13

 
(1
)
 
3,509

 
$
3,505

 
$
41

 
$
(1
)
 
$
3,545

September 25, 2016
 
 
 
 
 
 
 
Equity securities
$
1,554

 
$
204

 
$
(12
)
 
$
1,746

Debt securities (including debt funds)
24,363

 
388

 
(93
)
 
24,658

 
$
25,917

 
$
592

 
$
(105
)
 
$
26,404

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 24, 2017
 
Less than 12 months
 
More than 12 months
 
Fair Value
 
Unrealized Losses
 
Fair Value
 
Unrealized Losses
Corporate bonds and notes
$
330

 
$
(1
)
 
$
21

 
$

 
September 25, 2016
 
Less than 12 months
 
More than 12 months
 
Fair Value
 
Unrealized Losses
 
Fair Value
 
Unrealized Losses
U.S. Treasury securities and government-related securities
$
444

 
$
(5
)
 
$
16

 
$

Corporate bonds and notes
2,775

 
(12
)
 
1,033

 
(65
)
Mortgage- and asset-backed and auction rate securities
337

 
(3
)
 
211

 
(2
)
Equity and preferred securities and equity funds
312

 
(4
)
 
130

 
(8
)
Debt funds

 

 
309

 
(6
)
 
$
3,868

 
$
(24
)
 
$
1,699

 
$
(81
)