Quarterly report pursuant to Section 13 or 15(d)

Composition of Certain Financial Statement Items (Notes)

v3.8.0.1
Composition of Certain Financial Statement Items (Notes)
 6 Months Ended
Mar. 25, 2018
Balance Sheet Related Disclosures [Abstract]  
Composition of Certain Financial Statement Items
Composition of Certain Financial Statement Items
Inventories (in millions)
 
 
 
 
March 25,
2018
 
September 24,
2017
Raw materials
$
93

 
$
103

Work-in-process
643

 
799

Finished goods
1,061

 
1,133

 
$
1,797

 
$
2,035


Other Current Liabilities (in millions)
 
 
 
 
March 25,
2018
 
September 24,
2017
Customer incentives and other customer-related liabilities
$
2,882

 
$
2,804

Accrual for EC fine (Note 6)
1,232

 
—

Income taxes payable
575

 
312

Accrual for TFTC fine (Note 6)
156

 
778

Other
864

 
862

 
$
5,709

 
$
4,756


Other Income, Costs and Expenses. Other expenses in the three months ended March 25, 2018 consisted of $310 million in restructuring and restructuring-related charges related to the Company’s Cost Plan (Note 9). Other expenses in the six months ended March 25, 2018 also included a $1.2 billion charge related to the European Commission (EC) fine (Note 6).
Other expenses in the three months ended March 26, 2017 consisted of $53 million in foreign currency losses related to the fine imposed by the Korea Fair Trade Commission (KFTC), which was accrued in the first quarter of fiscal 2017, and $25 million in restructuring and restructuring-related charges related to the Company’s Strategic Realignment Plan. Other expenses in the six months ended March 26, 2017 consisted of a $921 million charge related to the KFTC fine, including related foreign currency losses, and $33 million in restructuring and restructuring-related charges related to the Company’s Strategic Realignment Plan.
Investment and Other Income, Net (in millions)
 
 
 
 
 
 
 
 
Three Months Ended
 
Six Months Ended
 
March 25,
2018
 
March 26,
2017
 
March 25,
2018
 
March 26,
2017
Interest and dividend income
$
154

 
$
153

 
$
280

 
$
320

Net realized gains on marketable securities
3

 
67

 
13

 
206

Net realized gains on other investments
47

 
21

 
60

 
30

Impairment losses on marketable securities
—

 
(3
)
 
(1
)
 
(125
)
Impairment losses on other investments
(11
)
 
(2
)
 
(19
)
 
(23
)
Net gains on derivative investments
10

 
13

 
9

 
20

Equity in net losses of investees
(17
)
 
(14
)
 
(38
)
 
(11
)
Net losses on foreign currency transactions
(90
)
 
—

 
(93
)
 
—

 
$
96

 
$
235

 
$
211

 
$
417