Quarterly report pursuant to Section 13 or 15(d)

Composition of Certain Financial Statement Items

v2.4.0.8
Composition of Certain Financial Statement Items
9 Months Ended
Jun. 30, 2013
Notes to Financial Statements [Abstract]  
Note 2 - Composition of Certain Financial Statement Items
Note 2 — Composition of Certain Financial Statement Items
Accounts Receivable (in millions)
June 30,
2013
 
September 30,
2012
Trade, net of allowances for doubtful accounts of $2 and $1, respectively
$
1,855

 
$
1,418

Long-term contracts
30

 
32

Other
64

 
9

 
$
1,949

 
$
1,459


Inventories (in millions)
June 30,
2013
 
September 30,
2012
Raw materials
$
8

 
$
19

Work-in-process
874

 
531

Finished goods
845

 
480

 
$
1,727

 
$
1,030

 
Property, Plant and Equipment. During the third quarter of fiscal 2012, the Company’s QMT division updated its business plan to focus on licensing its next generation interferometric modulator (IMOD) display technology while directly commercializing certain IMOD products. In the course of pursuing its licensing model, the Company considered various alternatives for certain property, plant and equipment. During the third quarter of fiscal 2013 as a continuation of evaluating these alternatives, the Company revised its estimates with respect to expected cash flows from certain property, plant and equipment that comprise a QMT asset group and recorded an impairment charge of $158 million in other operating expenses (Note 8). The Company also considered whether a triggering event had occurred in the third quarter of fiscal 2013 that would require impairment testing for its other QMT asset groups and goodwill and concluded that no such event had occurred, and as such, that additional impairment testing was not required.
Other Current Liabilities (in millions)
June 30,
2013
 
September 30,
2012
Customer incentives and other customer-related liabilities
$
1,491

 
$
1,107

Other
492

 
616

 
$
1,983

 
$
1,723