|
The Company and Its Significant Accounting Policies (Tables)
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12 Months Ended |
|
Sep. 30, 2012
|
| Notes to Financial Statements [Abstract] |
|
| Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block] |
Total gross notional amounts for outstanding foreign currency derivative instruments and derivative instruments utilized in connection with the Company’s marketable securities portfolios classified as trading (recorded at fair value) were as follows (in millions):
|
|
|
|
|
|
|
|
|
|
September 30, 2012 |
|
September 25, 2011 |
Options |
$ |
1,093 |
|
|
$ |
1,425 |
|
Currency forwards |
468 |
|
|
91 |
|
Swaps |
190 |
|
|
— |
|
Other |
119 |
|
|
— |
|
|
$ |
1,870 |
|
|
$ |
1,516 |
|
The gross notional amounts for outstanding foreign currency derivative instruments and derivative instruments utilized in connection with the Company’s marketable securities portfolios classified as trading presented by currency (recorded at fair value) were as follows (in millions):
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|
|
|
|
|
|
|
|
|
September 30, 2012 |
|
September 25, 2011 |
Japanese yen |
$ |
687 |
|
|
$ |
1,425 |
|
United States dollar |
375 |
|
|
— |
|
Euro |
312 |
|
|
— |
|
Australian dollar |
126 |
|
|
91 |
|
Indian rupee |
119 |
|
|
— |
|
British pound sterling |
110 |
|
|
— |
|
Canadian dollar |
105 |
|
|
— |
|
Other |
36 |
|
|
— |
|
|
$ |
1,870 |
|
|
$ |
1,516 |
|
|
| Weighted-average amortization periods for finite-lived intangible assets, by class |
Weighted-average amortization periods for finite-lived intangible assets, by class, were as follows (in years):
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|
|
|
|
|
September 30, 2012 |
|
September 25, 2011 |
Wireless spectrum |
5 |
|
5 |
Marketing-related |
9 |
|
9 |
Technology-based |
11 |
|
11 |
Customer-related |
6 |
|
3 |
Total finite-lived intangible assets |
11 |
|
11 |
|
| Share-based compensation disclosure, weighted-average assumptions |
The following table presents the weighted-average assumptions (annualized) used to estimate the fair values of employee stock options granted or assumed in the periods presented:
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|
|
|
|
|
|
|
|
|
|
2012 |
|
2011 |
|
2010 |
Volatility |
31.5 |
% |
|
30.8 |
% |
|
33.8 |
% |
Risk-free interest rate |
1.0 |
% |
|
2.1 |
% |
|
2.5 |
% |
Dividend yield |
1.5 |
% |
|
1.5 |
% |
|
1.5 |
% |
Post-vest forfeiture rate |
9.0 |
% |
|
9.8 |
% |
|
9.8 |
% |
Suboptimal exercise factor |
1.7 |
|
|
1.8 |
|
|
1.8 |
|
|
| Share-based compensation expense, related to all share-based awards |
Total estimated share-based compensation expense, related to all of the Company’s share-based awards, was comprised as follows (in millions):
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|
|
|
|
|
|
|
|
|
|
|
|
|
2012 |
|
2011 |
|
2010 |
Cost of equipment and services revenues |
$ |
75 |
|
|
$ |
67 |
|
|
$ |
41 |
|
Research and development |
546 |
|
|
397 |
|
|
293 |
|
Selling, general and administrative |
414 |
|
|
349 |
|
|
263 |
|
Continuing operations |
1,035 |
|
|
813 |
|
|
597 |
|
Related income tax benefit |
(225 |
) |
|
(194 |
) |
|
(166 |
) |
Continuing operations, net of income taxes |
810 |
|
|
619 |
|
|
431 |
|
Discontinued operations |
1 |
|
|
8 |
|
|
17 |
|
Related income tax benefit |
— |
|
|
(3 |
) |
|
(6 |
) |
Discontinued operations, net of income taxes |
1 |
|
|
5 |
|
|
11 |
|
|
$ |
811 |
|
|
$ |
624 |
|
|
$ |
442 |
|
|
| Components of accumulated other comprehensive income |
Components of accumulated other comprehensive income in Qualcomm stockholders’ equity consisted of the following (in millions):
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|
|
|
|
|
|
|
|
|
September 30, 2012 |
|
September 25, 2011 |
Noncredit other-than-temporary impairment losses and subsequent changes in fair value related to certain available-for-sale debt securities, net of income taxes |
$ |
29 |
|
|
$ |
27 |
|
Net unrealized gains on other available-for-sale securities, net of income taxes |
942 |
|
|
427 |
|
Net unrealized gains (losses) on derivative instruments, net of income taxes |
2 |
|
|
(15 |
) |
Foreign currency translation |
(107 |
) |
|
(86 |
) |
|
$ |
866 |
|
|
$ |
353 |
|
|
| Total comprehensive income [Table Text Block] |
Comprehensive income attributable to Qualcomm consisted of the following (in millions):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2012 |
|
2011 |
|
2010 |
Net income |
$ |
6,059 |
|
|
$ |
4,242 |
|
|
$ |
3,247 |
|
Other comprehensive income: |
|
|
|
|
|
Noncredit other-than-temporary impairment losses and subsequent changes in fair value related to certain available-for-sale debt securities, net of income taxes of $1, $10 and ($5), respectively |
4 |
|
|
(19 |
) |
|
21 |
|
Net unrealized gains (losses) on other available-for-sale securities and derivative instruments, net of income taxes of $357, $80 and $74, respectively |
652 |
|
|
(145 |
) |
|
392 |
|
Reclassification of net realized gains on available-for-sale securities and derivative instruments included in net income, net of income taxes of $93, $112 and ($12), respectively |
(169 |
) |
|
(199 |
) |
|
(380 |
) |
Reclassification of other-than-temporary losses on available-for-sale securities included in net income, net of income taxes of $26, $14 and ($5), respectively |
47 |
|
|
25 |
|
|
116 |
|
Foreign currency translation |
(19 |
) |
|
(9 |
) |
|
(40 |
) |
Total other comprehensive income (loss) |
515 |
|
|
(347 |
) |
|
109 |
|
Total comprehensive income |
6,574 |
|
|
3,895 |
|
|
3,356 |
|
Comprehensive loss attributable to noncontrolling interests |
46 |
|
|
21 |
|
|
— |
|
Comprehensive income attributable to Qualcomm |
$ |
6,620 |
|
|
$ |
3,916 |
|
|
$ |
3,356 |
|
|