Quarterly report pursuant to Section 13 or 15(d)

Composition of Certain Financial Statement Items (Tables)

v3.21.2
Composition of Certain Financial Statement Items (Tables)
9 Months Ended
Jun. 27, 2021
Balance Sheet Related Disclosures [Abstract]  
Inventories
Inventories (in millions)
June 27,
2021
September 27,
2020
Raw materials $ 231  $ 94 
Work-in-process 1,422  1,155 
Finished goods 1,480  1,349 
$ 3,133  $ 2,598 
Short-term Debt
Short-term Debt (in millions)
June 27,
2021
September 27,
2020
Commercial paper $ 500  $ 500 
Current portion of long-term debt 1,545  — 
$ 2,045  $ 500 
QCT Revenues Disaggregated QCT revenue streams were as follows (in millions):
Three Months Ended Nine Months Ended
June 27,
2021
June 28,
2020
June 27,
2021
June 28,
2020
Handsets (1) $ 3,863  $ 2,457  $ 12,144  $ 7,461 
RFFE (2) 957  447  2,921  1,509 
Automotive (3) 253  138  705  456 
IoT (internet of things) (4) 1,399  765  3,517  2,100 
Total QCT revenues $ 6,472  $ 3,807  $ 19,287  $ 11,526 
(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) and excludes radio frequency transceiver components.
(3) Includes revenues from products sold for use in automobiles, including telematics, connectivity and infotainment (also known as digital cockpit).
(4) Primarily includes products sold for use in the following industry segments and applications: consumer (including computing, voice and music and XR), industrial (including handhelds, retail, transportation and logistics, and utilities) and edge networking (including mobile broadband and wireless access points).
Customer Concentrations - Revenues Revenues from each customer/licensee that were 10% or greater of total revenues were as follows:
Three Months Ended Nine Months Ended
June 27,
2021
June 28,
2020
June 27,
2021
June 28,
2020
Customer/licensee (v) 16  % * 22  % *
Customer/licensee (w) 16  14  % 14  15  %
Customer/licensee (x) 13  17  14  20 
Customer/licensee (y) 10  11  10  10 
Customer/licensee (z) * 10  * *
Investment and Other Income, Net
Investment and Other Income, Net (in millions)
Three Months Ended Nine Months Ended
June 27,
2021
June 28,
2020
June 27,
2021
June 28,
2020
Interest and dividend income $ 21  $ 30  $ 63  $ 135 
Net gains on marketable securities 53  117  86  183 
Net gains on other investments 97  48  307  84 
Net gains on deferred compensation plan assets 38  57  115  16 
Impairment losses on other investments (7) (12) (24) (349)
Net gains (losses) on derivative investments —  (7)
Equity in net earnings (losses) of investees (6) 12  (21)
Net losses on foreign currency transactions (3) (6) (29) (4)
$ 200  $ 229  $ 523  $ 46