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)

9 Months Ended

Jun. 29, 2014

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 June 29, 2014 (in millions):



	Level 1		Level 2		Level 3		Total
Assets
Cash equivalents	$	2,933	$	4,235	$	—	$	7,168
Marketable securities
U.S. Treasury securities and government-related securities	729		897		—		1,626
Corporate bonds and notes	—		14,815		—		14,815
Mortgage- and asset-backed securities	—		1,098		177		1,275
Auction rate securities	—		—		83		83
Common and preferred stock	1,264		742		—		2,006
Equity funds	681		—		—		681
Debt funds	817		3,469		—		4,286
Total marketable securities	3,491		21,021		260		24,772
Derivative instruments	—		14		—		14
Other investments	281		—		—		281
Total assets measured at fair value	$	6,705	$	25,270	$	260	$	32,235
Liabilities
Derivative instruments	$	1	$	4	$	—	$	5
Other liabilities	280		—		—		280
Total liabilities measured at fair value	$	281	$	4	$	—	$	285

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):



	Nine Months Ended June 29, 2014					Nine Months Ended June 30, 2013
	Auction Rate Securities		Mortgage- and Asset-Backed Securities			Auction Rate Securities			Mortgage- and Asset-Backed Securities
Beginning balance of Level 3	$	83	$	239		$	118		$	203
Total realized and unrealized gains or losses:
Included in investment income, net	—		10			—			4
Included in other comprehensive income	—		(4		)	1			(2		)
Purchases	—		86			—			157
Sales	—		(124		)	—			(10		)
Settlements	—		(28		)	(36		)	(66		)
Transfers (out of) into Level 3	—		(2		)	—			18
Ending balance of Level 3	$	83	$	177		$	83		$	304

- 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.

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