QUALCOMM Incorporated Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

Fair Value Measurements (Tables)

3 Months Ended

Dec. 30, 2012

Notes to Financial Statements [Abstract]

Fair value hierarchy for assets and liabilities measured at fair value on a recurring basis

The following table presents the Company's fair value hierarchy for assets and liabilities measured at fair value on a recurring basis at December 30, 2012 (in millions):



	Level 1		Level 2		Level 3		Total
Assets
Cash equivalents (1)	$	1,189	$	2,413	$	—	$	3,602
Marketable securities
U.S. Treasury securities and government-related securities	769		567		—		1,336
Corporate bonds and notes	—		13,049		—		13,049
Mortgage- and asset-backed securities	—		1,335		242		1,577
Auction rate securities	—		—		85		85
Common and preferred stock	1,297		932		—		2,229
Equity funds	987		—		—		987
Debt funds	2,313		2,502		—		4,815
Total marketable securities	5,366		18,385		327		24,078
Derivative instruments	—		38		—		38
Other investments	211		—		—		211
Total assets measured at fair value	$	6,766	$	20,836	$	327	$	27,929
Liabilities
Derivative instruments	$	—	$	5	$	—	$	5
Other liabilities	211		—		—		211
Total liabilities measured at fair value	$	211	$	5	$	—	$	216

(1) Includes cash equivalents of $42 million that were classified as held for sale at December 30, 2012.

Activity for marketable securities classified within Level 3 of the valuation hierarchy

The following table includes the activity for marketable securities and other liabilities classified within Level 3 of the valuation hierarchy (in millions):



	Three Months Ended December 30, 2012						Three Months Ended December 25, 2011
	Auction Rate Securities			Other Marketable Securities			Auction Rate Securities			Other Marketable Securities			Other Liabilities
Beginning balance of Level 3	$	118		$	203		$	124		$	27		$	7
Total realized and unrealized gains or losses:
Included in investment income, net	—			2			—			—			(1		)
Included in other comprehensive income	1			2			(1		)	—			—
Purchases	—			41			—			35			—
Sales	—			(1		)	—			—			—
Settlements	(34		)	(19		)	(1		)	(5		)	—
Transfers into Level 3	—			14			—			—			—
Ending balance of Level 3	$	85		$	242		$	122		$	57		$	6

Activity for other liabilities classified within Level 3 of the valuation hierarchy

The following table includes the activity for marketable securities and other liabilities classified within Level 3 of the valuation hierarchy (in millions):



	Three Months Ended December 30, 2012						Three Months Ended December 25, 2011
	Auction Rate Securities			Other Marketable Securities			Auction Rate Securities			Other Marketable Securities			Other Liabilities
Beginning balance of Level 3	$	118		$	203		$	124		$	27		$	7
Total realized and unrealized gains or losses:
Included in investment income, net	—			2			—			—			(1		)
Included in other comprehensive income	1			2			(1		)	—			—
Purchases	—			41			—			35			—
Sales	—			(1		)	—			—			—
Settlements	(34		)	(19		)	(1		)	(5		)	—
Transfers into Level 3	—			14			—			—			—
Ending balance of Level 3	$	85		$	242		$	122		$	57		$	6

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

+ References + Details

- Definition

Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

+ References + Details

- Definition

The entire disclosure of the fair value measurement of assets and liabilities, which includes financial instruments measured at fair value that are classified in shareholders' equity, which may be measured on a recurring or nonrecurring basis.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

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-URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19279-110258

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

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-URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19190-110258

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 157

-Paragraph 33

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19207-110258

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 157

-Paragraph 32

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 107

-Paragraph 10

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 157

-Paragraph 6

-Footnote 4

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details