Composition of Certain Financial Statement Items
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Inventories (in millions) |
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June 24,
2018 |
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September 24,
2017 |
Raw materials |
$ |
82 |
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|
$ |
103 |
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Work-in-process |
666 |
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|
799 |
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Finished goods |
1,037 |
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|
1,133 |
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$ |
1,785 |
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$ |
2,035 |
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Other Current Assets (in millions) |
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June 24,
2018 |
|
September 24,
2017 |
Deposit to redeem long-term debt (Note 5) |
$ |
2,836 |
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|
$ |
— |
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Other |
624 |
|
|
618 |
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|
$ |
3,460 |
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|
$ |
618 |
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Other Current Liabilities (in millions) |
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June 24,
2018 |
|
September 24,
2017 |
Customer incentives and other customer-related liabilities |
$ |
3,112 |
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|
$ |
2,804 |
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Accrual for EC fine (Note 6) |
1,166 |
|
|
— |
|
Income taxes payable |
448 |
|
|
312 |
|
Accrual for TFTC fine (Note 6) |
154 |
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|
778 |
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Other |
699 |
|
|
862 |
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|
$ |
5,579 |
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|
$ |
4,756 |
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Other Income, Costs and Expenses. Other expenses in the three and nine months ended June 24, 2018 included $112 million and $422 million, respectively, in restructuring and restructuring-related charges related to the Company’s Cost Plan (Note 9). Other expenses in the nine months ended June 24, 2018 also included a $1.2 billion charge related to the European Commission (EC) fine (Note 6).
Other expenses in the nine months ended June 25, 2017 consisted of a $927 million charge related to the KFTC fine, including related foreign currency losses, and $35 million in restructuring and restructuring-related charges related to the Company’s Strategic Realignment Plan.
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Investment and Other Income, Net (in millions) |
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Three Months Ended |
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Nine Months Ended |
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June 24,
2018 |
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June 25,
2017 |
|
June 24,
2018 |
|
June 25,
2017 |
Interest and dividend income |
$ |
182 |
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|
$ |
147 |
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$ |
461 |
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|
$ |
466 |
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Net realized gains on marketable securities |
10 |
|
|
124 |
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|
24 |
|
|
330 |
|
Net realized gains on other investments |
16 |
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|
15 |
|
|
77 |
|
|
45 |
|
Impairment losses on marketable securities |
— |
|
|
(2 |
) |
|
(1 |
) |
|
(127 |
) |
Impairment losses on other investments |
(19 |
) |
|
(13 |
) |
|
(39 |
) |
|
(36 |
) |
Net (losses) gains on derivative investments |
(30 |
) |
|
4 |
|
|
(21 |
) |
|
25 |
|
Equity in net losses of investees |
(28 |
) |
|
(31 |
) |
|
(67 |
) |
|
(42 |
) |
Net gains (losses) on foreign currency transactions |
112 |
|
|
(26 |
) |
|
20 |
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|
(26 |
) |
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$ |
243 |
|
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$ |
218 |
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$ |
454 |
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$ |
635 |
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