Quarterly report pursuant to Section 13 or 15(d)

Composition of Certain Financial Statement Items (Tables)

v3.21.1
Composition of Certain Financial Statement Items (Tables)
 6 Months Ended
Mar. 28, 2021
Balance Sheet Related Disclosures [Abstract]  
Inventories
Inventories (in millions)
March 28,
2021		 September 27,
2020
Raw materials $ 167  $ 94 
Work-in-process 1,207  1,155 
Finished goods 1,294  1,349 
$ 2,668  $ 2,598 
QCT Revenues Disaggregated QCT revenue streams were as follows (in millions):
Three Months Ended Six Months Ended
March 28,
2021		 March 29,
2020		 March 28,
2021		 March 29,
2020
Handsets (1) $ 4,065  $ 2,652  $ 8,281  $ 5,004 
RFFE (2) 903  650  1,964  1,063 
Automotive (3) 240  171  452  318 
IoT (Internet of Things) (4) 1,073  627  2,117  1,334 
Total QCT revenues $ 6,281  $ 4,100  $ 12,814  $ 7,719 
(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) Primarily includes products sold for use in cellular and non-cellular connected devices within the following industry segments and applications: consumer, computing, industrial, fixed wireless broadband, voice and music and wireless networking.
Customer Concentrations - Revenues Revenues from each customer/licensee that were 10% or greater of total revenues were as follows:
Three Months Ended Six Months Ended
March 28,
2021		 March 29,
2020		 March 28,
2021		 March 29,
2020
Customer/licensee (w) 16  % * 25  % 10  %
Customer/licensee (x) 16  25  % 14  21 
Customer/licensee (y) 15  19  13  16 
Customer/licensee (z) 13  * 11  *
Investment and Other Income, Net
Investment and Other Income (Expense), Net (in millions)
Three Months Ended Six Months Ended
March 28,
2021		 March 29,
2020		 March 28,
2021		 March 29,
2020
Interest and dividend income $ 22  $ 47  $ 42  $ 107 
Net (losses) gains on marketable securities (85) 55  33  66 
Net gains (losses) on other investments 176  (12) 209  36 
Net gains (losses) on deferred compensation plan assets 23  (72) 77  (42)
Impairment losses on other investments (15) (265) (16) (337)
Net (losses) gains on derivative investments (17) —  (7) 1 
Equity in net earnings (losses) of investees 12  (6) 11  (16)
Net (losses) gains on foreign currency transactions (12) 6  (26) 3 
$ 104  $ (247) $ 323  $ (182)