Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Notes)

v3.8.0.1
Stockholders' Equity (Notes)
 6 Months Ended
Mar. 25, 2018
Stockholders' Equity Attributable to Parent [Abstract]  
Stockholders' Equity
Stockholders’ Equity
Changes in stockholders’ equity in the six months ended March 25, 2018 were as follows (in millions):
 
Total Stockholders’ Equity
Balance at September 24, 2017
$
30,746

Net loss
(5,590
)
Other comprehensive income
161

Common stock issued under employee benefit plans and related tax benefits
343

Share-based compensation
499

Tax withholdings related to vesting of share-based payments
(196
)
Dividends
(1,719
)
Stock repurchases
(425
)
Balance at March 25, 2018
$
23,819


Accumulated Other Comprehensive Income. Changes in the components of accumulated other comprehensive income, net of income taxes, in stockholders’ equity in the six months ended March 25, 2018 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 (Loss) Gain on Derivative Instruments
 
Other Gains
 
Total Accumulated Other Comprehensive Income
Balance at September 24, 2017
$
147

 
$
23

 
$
218

 
$
(8
)
 
$
4

 
$
384

Other comprehensive income (loss) before reclassifications
173

 
—

 
(1
)
 
(6
)
 
—

 
166

Reclassifications from accumulated other comprehensive income
—

 
1

 
(9
)
 
3

 
—

 
(5
)
Other comprehensive income (loss)
173

 
1

 
(10
)
 
(3
)
 
—

 
161

Balance at March 25, 2018
$
320

 
$
24

 
$
208

 
$
(11
)
 
$
4

 
$
545


Reclassifications from accumulated other comprehensive income related to available-for-sale securities were negligible in both the three and six months ended March 25, 2018 and $35 million and $48 million in the three and six months ended March 26, 2017, respectively, and were recorded in investment and other 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. In the six months ended March 25, 2018 and March 26, 2017, the Company repurchased and retired 6.8 million and 11.5 million shares for $425 million and $727 million, respectively, before commissions. At March 25, 2018, $1.2 billion remained authorized for repurchase under the Company’s stock repurchase program.
Dividends. On March 8, 2018, the Company announced a 9% increase in its quarterly dividend per share of common stock from $0.57 to $0.62, which is effective for dividends payable after March 21, 2018. On April 17, 2018, the Company announced a cash dividend of $0.62 per share on the Company’s common stock, payable on June 20, 2018 to stockholders of record as of the close of business on May 30, 2018. In the six months ended March 25, 2018 and March 26, 2017, dividends charged to retained earnings were as follows (in millions, except per share data):
 
2018
 
2017
 
Per Share
 
Total
 
Per Share
 
Total
First quarter
$
0.57

 
$
862

 
$
0.53

 
$
801

Second quarter
0.57

 
857

 
0.53

 
798

 
$
1.14

 
$
1,719

 
$
1.06

 
$
1,599


Employee Benefit Plans. On March 23, 2018, the Company’s stockholders approved an amendment to the Amended and Restated QUALCOMM Incorporated 2001 Employee Stock Purchase Plan to increase the share reserve by 30,000,000 shares to approximately 101,709,000.