Composition of Certain Financial Statement Items (Tables)
|
12 Months Ended |
Sep. 30, 2018 |
|---|
| Balance Sheet Related Disclosures [Abstract] |
|
| Accounts Receivable |
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|
|
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|
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|
|
Accounts Receivable (in millions) |
|
|
|
|
September 30, 2018 |
|
September 24, 2017 |
Trade, net of allowances for doubtful accounts of $56 and $11, respectively |
$ |
2,848 |
|
|
$ |
3,576 |
|
Long-term contracts |
20 |
|
|
40 |
|
Other |
36 |
|
|
16 |
|
|
$ |
2,904 |
|
|
$ |
3,632 |
|
|
| Inventories |
|
|
|
|
|
|
|
|
|
Inventories (in millions) |
|
|
|
|
September 30, 2018 |
|
September 24, 2017 |
Raw materials |
$ |
72 |
|
|
$ |
103 |
|
Work-in-process |
715 |
|
|
799 |
|
Finished goods |
906 |
|
|
1,133 |
|
|
$ |
1,693 |
|
|
$ |
2,035 |
|
|
| Property, Plant and Equipment |
|
|
|
|
|
|
|
|
|
Property, Plant and Equipment (in millions) |
September 30, 2018 |
|
September 24, 2017 |
Land |
$ |
186 |
|
|
$ |
195 |
|
Buildings and improvements |
1,575 |
|
|
1,595 |
|
Computer equipment and software |
1,419 |
|
|
1,609 |
|
Machinery and equipment |
3,792 |
|
|
3,528 |
|
Furniture and office equipment |
85 |
|
|
109 |
|
Leasehold improvements |
325 |
|
|
310 |
|
Construction in progress |
79 |
|
|
73 |
|
|
7,461 |
|
|
7,419 |
|
Less accumulated depreciation and amortization |
(4,486 |
) |
|
(4,203 |
) |
|
$ |
2,975 |
|
|
$ |
3,216 |
|
|
| Goodwill |
Goodwill and Other Intangible Assets. We allocate goodwill to our reporting units for annual impairment testing purposes. The following table presents the goodwill allocated to our reportable and nonreportable segments, as described in Note 8, as well as the changes in the carrying amounts of goodwill during fiscal 2018 and 2017 (in millions):
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|
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|
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|
|
|
|
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|
QCT |
|
QTL |
|
Nonreportable Segments |
|
Total |
Balance at September 25, 2016 |
$ |
4,674 |
|
|
$ |
718 |
|
|
$ |
287 |
|
|
$ |
5,679 |
|
Acquisitions |
841 |
|
|
23 |
|
|
11 |
|
|
875 |
|
Other (1) |
66 |
|
|
— |
|
|
3 |
|
|
69 |
|
Balance at September 24, 2017 (2) |
5,581 |
|
|
741 |
|
|
301 |
|
|
6,623 |
|
Acquisitions |
— |
|
|
— |
|
|
— |
|
|
— |
|
Impairments |
— |
|
|
(22 |
) |
|
(107 |
) |
|
(129 |
) |
Other (1) |
6 |
|
|
(1 |
) |
|
(1 |
) |
|
4 |
|
Balance at September 30, 2018 (2) |
$ |
5,587 |
|
|
$ |
718 |
|
|
$ |
193 |
|
|
$ |
6,498 |
|
|
|
(1) |
Includes changes in goodwill amounts resulting from foreign currency translation, purchase accounting adjustments. |
|
|
(2) |
Cumulative goodwill impairments were $666 million and $537 million at September 30, 2018 and September 24, 2017, respectively.
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|
| Intangible Assets |
The components of other intangible assets, net were as follows (in millions):
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|
September 30, 2018 |
|
September 24, 2017 |
|
Gross Carrying
Amount
|
|
Accumulated
Amortization
|
|
Weighted-average amortization period
(years)
|
|
Gross Carrying
Amount
|
|
Accumulated
Amortization
|
|
Weighted-average amortization period
(years)
|
Wireless spectrum |
$ |
1 |
|
|
$ |
— |
|
|
20 |
|
$ |
1 |
|
|
$ |
— |
|
|
20 |
Marketing-related |
51 |
|
|
(39 |
) |
|
5 |
|
77 |
|
|
(52 |
) |
|
4 |
Technology-based |
6,334 |
|
|
(3,461 |
) |
|
10 |
|
6,413 |
|
|
(2,818 |
) |
|
10 |
Customer-related |
97 |
|
|
(28 |
) |
|
10 |
|
149 |
|
|
(33 |
) |
|
9 |
|
$ |
6,483 |
|
|
$ |
(3,528 |
) |
|
10 |
|
$ |
6,640 |
|
|
$ |
(2,903 |
) |
|
10 |
|
| Other Current Liabilities |
|
|
|
|
|
|
|
|
|
Other Current Liabilities (in millions) |
|
|
|
|
September 30,
2018 |
|
September 24,
2017 |
Customer incentives and other customer-related liabilities |
$ |
3,347 |
|
|
$ |
2,804 |
|
Accrual for EC fine (Note 7) |
1,167 |
|
|
— |
|
Income taxes payable |
453 |
|
|
312 |
|
Accrual for TFTC fine (Note 7) |
— |
|
|
778 |
|
RF360 Holdings Put and Call Option (Note 9) |
1,137 |
|
|
— |
|
Other |
721 |
|
|
862 |
|
|
$ |
6,825 |
|
|
$ |
4,756 |
|
|
| Other Comprehensive Income |
Other Comprehensive Income. Changes in the components of accumulated other comprehensive income, net of income taxes, in Qualcomm stockholders’ equity during fiscal 2018 were as follows (in millions):
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|
|
|
|
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|
|
|
|
|
|
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|
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|
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 |
|
Other Gains |
|
Total Accumulated Other Comprehensive Income |
Balance at September 24, 2017 |
$ |
147 |
|
|
$ |
23 |
|
|
$ |
218 |
|
|
$ |
(8 |
) |
|
$ |
4 |
|
|
$ |
384 |
|
Other comprehensive (loss) income before reclassifications |
(136 |
) |
|
— |
|
|
29 |
|
|
(17 |
) |
|
(3 |
) |
|
(127 |
) |
Reclassifications from accumulated other comprehensive income |
— |
|
|
— |
|
|
(4 |
) |
|
12 |
|
|
— |
|
|
8 |
|
Other comprehensive (loss) income |
(136 |
) |
|
— |
|
|
25 |
|
|
(5 |
) |
|
(3 |
) |
|
(119 |
) |
Balance at September 30, 2018 |
$ |
11 |
|
|
$ |
23 |
|
|
$ |
243 |
|
|
$ |
(13 |
) |
|
$ |
1 |
|
|
$ |
265 |
|
|
| Investment and Other Income, net |
|
|
|
|
|
|
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|
Investment and Other Income, Net (in millions) |
|
|
|
|
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|
2018 |
|
2017 |
|
2016 |
Interest and dividend income |
$ |
625 |
|
|
$ |
619 |
|
|
$ |
611 |
|
Net realized gains on marketable securities |
41 |
|
|
456 |
|
|
239 |
|
Net realized gains on other investments |
83 |
|
|
74 |
|
|
49 |
|
Impairment losses on marketable securities |
(6 |
) |
|
(131 |
) |
|
(112 |
) |
Impairment losses on other investments |
(69 |
) |
|
(46 |
) |
|
(60 |
) |
Net (losses) gains on derivative instruments |
(27 |
) |
|
32 |
|
|
(8 |
) |
Equity in net losses of investees |
(145 |
) |
|
(74 |
) |
|
(84 |
) |
Net gains (losses) on foreign currency transactions |
37 |
|
|
(30 |
) |
|
— |
|
|
$ |
539 |
|
|
$ |
900 |
|
|
$ |
635 |
|
|