Stockholders' Equity (Notes)
|3 Months Ended|
Dec. 25, 2016
|Stockholders' Equity Attributable to Parent [Abstract]|
Changes in stockholders’ equity in the three months ended December 25, 2016 were as follows (in millions):
Accumulated Other Comprehensive Income. Changes in the components of accumulated other comprehensive income, net of income taxes, in Qualcomm stockholders’ equity in the three months ended December 25, 2016 were as follows (in millions):
Reclassifications from accumulated other comprehensive income related to available-for-sale securities of $13 million and $6 million in the three months ended December 25, 2016 and December 27, 2015, respectively, were recorded in investment income, net (Note 2). Reclassifications from accumulated other comprehensive income related to foreign currency translation losses were negligible in the three months ended December 27, 2015 and were recorded in selling, general and administrative expenses and other operating expenses.
Stock Repurchase Program. On March 9, 2015, the Company announced a stock repurchase program authorizing it to repurchase up to $15 billion of the Company’s common stock. The stock repurchase program has no expiration date. In the three months ended December 25, 2016 and December 27, 2015, the Company repurchased and retired 6,647,000 and 36,606,000 shares for $444 million and $2.05 billion, respectively, before commissions. At December 25, 2016, $2.5 billion remained authorized for repurchase under the Company’s stock repurchase program.
Dividends. Cash dividends announced in the three months ended December 25, 2016 and December 27, 2015 were $0.53 and $0.48 per share, respectively. Dividends charged to retained earnings in the three months ended December 25, 2016 and December 27, 2015 were $801 million and $730 million, respectively. On January 12, 2017, the Company announced a cash dividend of $0.53 per share on the Company’s common stock, payable on March 22, 2017 to stockholders of record as of the close of business on March 1, 2017.
The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.
Reference 1: http://www.xbrl.org/2003/role/presentationRef