Quarterly report pursuant to Section 13 or 15(d)

Composition of Certain Financial Statement Items (Tables)

v3.20.4
Composition of Certain Financial Statement Items (Tables)
 3 Months Ended
Dec. 27, 2020
Balance Sheet Related Disclosures [Abstract]  
Inventories
Inventories (in millions)
December 27,
2020		 September 27,
2020
Raw materials $ 138  $ 94 
Work-in-process 1,192  1,155 
Finished goods 1,222  1,349 
$ 2,552  $ 2,598 
QCT Revenues Disaggregated QCT revenue streams were as follows (in millions):
Three Months Ended
December 27,
2020		 December 29,
2019
Handsets (1) $ 4,216  $ 2,352 
RFFE (2) 1,061  413 
Automotive (3) 212  147 
IoT (4) 1,044  706 
Total QCT revenues $ 6,533  $ 3,618 
(1) Includes revenues from products sold for use in mobile handsets, excluding RFFE (radio frequency front-end) components.
(2) Includes all revenues from sales of 4G, 5G sub-6 and 5G millimeter wave RFFE products (a substantial portion of which are sold for use in handsets).
(3) Includes revenues from products sold for use in automobiles, including telematics, connectivity and digital cockpit.
(4) Internet of things (IoT) revenues primarily include products sold for use in cellular and non-cellular connected devices within the following industry segments or applications: consumer, computing, industrial, fixed wireless broadband, voice and music and wireless networking.
Investment and Other Income, Net
Investment and Other Income, Net (in millions)
Three Months Ended
December 27,
2020		 December 29,
2019
Interest and dividend income $ 21  $ 59 
Net gains on marketable securities 118  11 
Net gains on other investments 34  48 
Net gains on deferred compensation plan assets 54  30 
Impairment losses on other investments (1) (72)
Net gains on derivative investments 9  2 
Equity in net losses of investees (2) (10)
Net losses on foreign currency transactions (14) (3)
$ 219  $ 65