Quarterly report pursuant to Section 13 or 15(d)

Marketable Securities (Tables)

v2.4.1.9
Marketable Securities (Tables)
3 Months Ended
Dec. 28, 2014
Marketable Securities [Abstract]  
Composition of marketable securities
Marketable securities were comprised as follows (in millions):
 
Current
 
Noncurrent
 
December 28,
2014
 
September 28,
2014
 
December 28,
2014
 
September 28,
2014
Trading:
 
 
 
 
 
 
 
U.S. Treasury securities and government-related securities
$
314

 
$
320

 
$
30

 
$
38

Corporate bonds and notes
195

 
191

 
367

 
367

Mortgage- and asset-backed securities

 

 
224

 
237

Total trading
509

 
511

 
621

 
642

Available-for-sale:
 
 
 
 
 
 
 
U.S. Treasury securities and government-related securities
500

 
805

 
660

 
392

Corporate bonds and notes
7,612

 
6,274

 
7,420

 
7,649

Mortgage- and asset-backed securities
1,111

 
1,063

 
201

 
195

Auction rate securities

 

 
47

 
83

Common and preferred stock
1,008

 
192

 
805

 
1,605

Equity funds

 

 
763

 
541

Debt funds
723

 
813

 
2,514

 
2,560

Total available-for-sale
10,954

 
9,147

 
12,410

 
13,025

Fair value option:
 
 
 
 
 
 
 
Debt fund

 

 
784

 
790

Total marketable securities
$
11,463

 
$
9,658

 
$
13,815

 
$
14,457

Contractual maturities of available-for-sale debt securities
At December 28, 2014, the contractual maturities of available-for-sale debt securities were as follows (in millions):
Years to Maturity
 
 
 
 
Less Than
One Year
 
One to
Five Years
 
Five to
Ten Years
 
Greater Than
Ten Years
 
No Single
Maturity
Date
 
Total
$
3,069

 
$
11,054

 
$
1,439

 
$
626

 
$
4,600

 
$
20,788

Realized gains and losses on sales of available-for-sale securities
The Company recorded realized gains and losses on sales of available-for-sale securities as follows (in millions):
 
Gross Realized Gains
 
Gross Realized Losses
 
Net Realized Gains
For the three months ended
 
 
 
 
 
December 28, 2014
$
180

 
$
(8
)
 
$
172

December 29, 2013
116

 
(3
)
 
113

Composition of available-for-sale securities
Available-for-sale securities were comprised as follows (in millions):
 
Cost
 
Unrealized Gains
 
Unrealized Losses
 
Fair Value
December 28, 2014
 
 
 
 
 
 
 
Equity securities
$
2,133

 
$
465

 
$
(22
)
 
$
2,576

Debt securities (including debt funds)
20,690

 
242

 
(144
)
 
20,788

 
$
22,823

 
$
707

 
$
(166
)
 
$
23,364

September 28, 2014
 
 
 
 
 
 
 
Equity securities
$
1,769

 
$
575

 
$
(6
)
 
$
2,338

Debt securities (including debt funds)
19,582

 
312

 
(60
)
 
19,834

 
$
21,351

 
$
887

 
$
(66
)
 
$
22,172

Gross unrealized losses and fair values of investments in individual securities classified as available-for-sale in a continuous unrealized loss position deemed to be temporary
The following table shows the gross unrealized losses and fair values of the Company’s investments in individual securities that are classified as available-for-sale and have been in a continuous unrealized loss position deemed to be temporary for less than 12 months and for more than 12 months, aggregated by investment category (in millions):
 
December 28, 2014
 
Less than 12 months
 
More than 12 months
 
Fair Value
 
Unrealized Losses
 
Fair Value
 
Unrealized Losses
U.S. Treasury securities and government-related securities
$
669

 
$
(12
)
 
$

 
$

Corporate bonds and notes
9,172

 
(115
)
 
77

 
(7
)
Mortgage- and asset-backed securities
747

 
(2
)
 
37

 

Auction rate securities

 

 
47

 
(1
)
Common and preferred stock
128

 
(10
)
 
23

 
(1
)
Debt funds
384

 
(7
)
 
5

 

Equity funds
388

 
(11
)
 

 

 
$
11,488

 
$
(157
)
 
$
189

 
$
(9
)
 
September 28, 2014
 
Less than 12 months
 
More than 12 months
 
Fair Value
 
Unrealized Losses
 
Fair Value
 
Unrealized Losses
U.S. Treasury securities and government-related securities
$
279

 
$
(2
)
 
$

 
$

Corporate bonds and notes
4,924

 
(31
)
 
104

 
(4
)
Mortgage- and asset-backed securities
484

 
(1
)
 
52

 
(1
)
Auction rate securities

 

 
83

 
(1
)
Common and preferred stock
86

 
(3
)
 
52

 
(3
)
Debt funds
133

 
(1
)
 
384

 
(19
)
 
$
5,906

 
$
(38
)
 
$
675

 
$
(28
)