QUALCOMM (QCOM) 10-Q 27 Jul 22 2022 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares shares in Millions	9 Months Ended
	Jun. 26, 2022	Jul. 25, 2022
Cover [Abstract]
Entity Registrant Name	QUALCOMM INC/DE
Entity Central Index Key	0000804328
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
Amendment Flag	false
Current Fiscal Year End Date	--09-25
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 26, 2022
Document Transition Report	false
Entity File Number	0-19528
Entity Registrant State of Incorporation	DE
Entity Employer ID	95-3685934
Entity Address	5775 Morehouse Dr.
Entity City	San Diego
Entity State	CA
Entity Zip Code	92121-1714
City Area Code	(858)
Entity Phone Number	587-1121
Title of 12(b) Security	Common Stock, $0.0001 par value
Trading Symbol	QCOM
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		1,123

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) shares in Millions, $ in Millions	Jun. 26, 2022	Sep. 26, 2021
Current assets:
Cash and cash equivalents	$ 2,676	$ 7,116
Marketable securities	4,172	5,298
Accounts receivable, net	3,804	3,579
Inventories	5,418	3,228
Held for sale assets	950	0
Other current assets	1,979	854
Total current assets	18,999	20,075
Deferred tax assets	1,778	1,591
Property, plant and equipment, net	5,038	4,559
Goodwill	10,719	7,246
Other intangible assets, net	1,954	1,458
Held for sale assets	916	0
Other assets	7,616	6,311
Total assets	47,020	41,240
Current liabilities:
Trade accounts payable	3,752	2,750
Payroll and other benefits related liabilities	1,578	1,531
Unearned revenues	463	612
Short-term debt	1,945	2,044
Held for sale liabilities	677	0
Other current liabilities	3,414	5,014
Total current liabilities	11,829	11,951
Unearned revenues	180	364
Income taxes payable	1,480	1,713
Long-term debt	13,600	13,701
Held for sale liabilities	128	0
Other liabilities	3,755	3,561
Total liabilities	30,972	31,290
Commitments and contingencies (Note 6)
Stockholders’ equity:
Preferred stock, $0.0001 par value; 8 shares authorized; none outstanding	$ 0	$ 0
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	8	8
Preferred stock, shares outstanding	0	0
Common stock and paid-in capital, $0.0001 par value; 6,000 shares authorized; 1,122 and 1,125 shares issued and outstanding, respectively	$ 0	$ 0
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	6,000	6,000
Common stock, shares, issued	1,122	1,125
Common stock, shares, outstanding	1,122	1,125
Retained earnings	$ 15,830	$ 9,822
Accumulated other comprehensive income	218	128
Total stockholders’ equity	16,048	9,950
Total liabilities and stockholders’ equity	$ 47,020	$ 41,240

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Jun. 26, 2022	Jun. 27, 2021	Jun. 26, 2022	Jun. 27, 2021
Revenues:
Equipment and services	$ 9,266	$ 6,428	$ 27,365	$ 19,109
Licensing	1,670	1,632	5,440	5,121
Total revenues	10,936	8,060	32,805	24,230
Costs and expenses:
Cost of revenues	4,816	3,404	13,767	10,325
Research and development	2,052	1,864	6,016	5,297
Selling, general and administrative	655	597	1,887	1,721
Other (Note 2)	(1,059)	0	(1,059)	0
Total costs and expenses	6,464	5,865	20,611	17,343
Operating income	4,472	2,195	12,194	6,887
Interest expense	(70)	(138)	(345)	(421)
Investment and other (expense) income, net	(163)	200	(321)	523
Income before income taxes	4,239	2,257	11,528	6,989
Income tax expense	(509)	(230)	(1,465)	(744)
Net income	$ 3,730	$ 2,027	$ 10,063	$ 6,245
Basic earnings per share	$ 3.32	$ 1.80	$ 8.96	$ 5.52
Diluted earnings per share	$ 3.29	$ 1.77	$ 8.84	$ 5.43
Shares used in per share calculations:
Basic	1,122	1,129	1,124	1,132
Diluted	1,134	1,145	1,139	1,151

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 26, 2022	Jun. 27, 2021	Jun. 26, 2022	Jun. 27, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 3,730	$ 2,027	$ 10,063	$ 6,245
Other comprehensive income (loss), net of income taxes:
Foreign currency translation (losses) gains	(99)	10	(182)	64
Net unrealized (losses) gains on available-for-sale debt securities	(25)	2	(105)	(4)
Net unrealized gains (losses) on derivative instruments	121	(91)	394	(45)
Other losses	0	0	0	(3)
Certain reclassifications included in net income	6	(18)	(17)	(35)
Total other comprehensive income (loss)	3	(97)	90	(23)
Comprehensive income	$ 3,733	$ 1,930	$ 10,153	$ 6,222

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS $ in Millions	9 Months Ended
	Jun. 26, 2022 USD ($)	Jun. 27, 2021 USD ($)
Operating Activities:
Net income	$ 10,063	$ 6,245
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization expense	1,272	1,157
Income tax provision less than income tax payments	(234)	(358)
Share-based compensation expense	1,510	1,238
Net losses (gains) on marketable securities and other investments	374	(487)
Other items, net	0	(49)
Changes in assets and liabilities:
Accounts receivable, net	(216)	1,052
Inventories	(2,201)	(509)
Other assets	(2,360)	39
Trade accounts payable	948	449
Payroll, benefits and other liabilities	(1,274)	805
Unearned revenues	(232)	(123)
Net cash provided by operating activities	7,650	9,459
Investing Activities:
Capital expenditures	(1,628)	(1,458)
Purchases of debt and equity marketable securities	(1,269)	(5,458)
Proceeds from sales and maturities of debt and equity marketable securities	1,960	4,482
Acquisitions and other investments, net of cash acquired	(4,743)	(1,284)
Proceeds from other investments	125	234
Other items, net	41	78
Net cash used by investing activities	(5,514)	(3,406)
Financing Activities:
Proceeds from short-term debt	3,065	2,185
Repayment of short-term debt	(3,066)	(2,185)
Repayment of debt of acquired company	(349)	0
Proceeds from long-term debt	1,477	0
Repayment of long-term debt	(1,540)	0
Proceeds from issuance of common stock	188	174
Repurchases and retirements of common stock	(2,629)	(2,595)
Dividends paid	(2,371)	(2,240)
Payments of tax withholdings related to vesting of share-based awards	(751)	(710)
Other items, net	(28)	(25)
Net cash used by financing activities	(6,004)	(5,396)
Effect of exchange rate changes on cash and cash equivalents	(50)	35
Net (decrease) increase in total cash and cash equivalents	(3,918)	692
Total cash and cash equivalents at beginning of period	7,116	6,707
Total cash and cash equivalents at end of period (including $522 million classified as held for sale)	3,198	$ 7,399
Disposal Group, Including Discontinued Operation, Cash and Cash Equivalents	$ 522

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Millions	Total	Common stock and paid-in capital	Retained earnings	Accumulated other comprehensive income
Balance at beginning of period at Sep. 27, 2020	$ 6,077	$ 586	$ 5,284	$ 207
Common stock issued under employee benefit plans		174
Repurchases and retirements of common stock		(1,369)	(1,226)
Share-based compensation		1,309
Tax withholdings related to vesting of share-based payments		(710)
Value of stock awards assumed in acquisition attributable to pre-acquisition service		10
Net income	6,245		6,245
Dividends			(2,310)
Other comprehensive income (loss)				(23)
Balance at end of period at Jun. 27, 2021	$ 8,177	0	7,993	184
Dividends per share announced	$ 1.98
Balance at beginning of period at Mar. 28, 2021	$ 7,424	0	7,143	281
Common stock issued under employee benefit plans		0
Repurchases and retirements of common stock		(240)	(390)
Share-based compensation		449
Tax withholdings related to vesting of share-based payments		(209)
Value of stock awards assumed in acquisition attributable to pre-acquisition service		0
Net income	2,027		2,027
Dividends			(787)
Other comprehensive income (loss)				(97)
Balance at end of period at Jun. 27, 2021	$ 8,177	0	7,993	184
Dividends per share announced	$ 0.68
Balance at beginning of period at Sep. 26, 2021	$ 9,950	0	9,822	128
Common stock issued under employee benefit plans		188
Repurchases and retirements of common stock		(1,014)	(1,615)
Share-based compensation		1,577
Tax withholdings related to vesting of share-based payments		(751)
Value of stock awards assumed in acquisition attributable to pre-acquisition service		0
Net income	10,063		10,063
Dividends			(2,440)
Other comprehensive income (loss)				90
Balance at end of period at Jun. 26, 2022	$ 16,048	0	15,830	218
Dividends per share announced	$ 2.11
Balance at beginning of period at Mar. 27, 2022	$ 13,328	0	13,113	215
Common stock issued under employee benefit plans		1
Repurchases and retirements of common stock		(352)	(148)
Share-based compensation		540
Tax withholdings related to vesting of share-based payments		(189)
Value of stock awards assumed in acquisition attributable to pre-acquisition service		0
Net income	3,730		3,730
Dividends			(865)
Other comprehensive income (loss)				3
Balance at end of period at Jun. 26, 2022	$ 16,048	$ 0	$ 15,830	$ 218
Dividends per share announced	$ 0.75

Basis of Presentation and Signi

Basis of Presentation and Significant Accounting Policies Update	9 Months Ended
	Jun. 26, 2022
Basis of Presentation [Abstract]
Basis of Presentation and Significant Accounting Policies Update	Basis of Presentation and Significant Accounting Policies Update Financial Statement Preparation. These condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP) for interim financial information and the instructions to Rule 10-01 of Regulation S-X. Accordingly, they do not include all of the information and notes required by GAAP for complete financial statements. In the opinion of management, the interim financial information includes all normal recurring adjustments necessary for a fair statement of the results for the interim periods. These condensed consolidated financial statements are unaudited and should be read in conjunction with our Annual Report on Form 10-K for our fiscal year ended September 26, 2021. Operating results for interim periods are not necessarily indicative of operating results for an entire fiscal year. We operate and report using a 52-53 week fiscal year ending on the last Sunday in September. Each of the three and nine months ended June 26, 2022 and June 27, 2021 included 13 weeks and 39 weeks, respectively. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts and the disclosure of contingent amounts in our condensed consolidated financial statements and the accompanying notes. Actual results could differ from those estimates. Certain prior year amounts have been reclassified to conform to the current year presentation.

Composition of Certain Financia

Composition of Certain Financial Statement Items	9 Months Ended
	Jun. 26, 2022
Condensed Financial Information Disclosure [Abstract]
Composition of Certain Financial Statement Items	Composition of Certain Financial Statement Items Inventories (in millions) June 26, September 26, Raw materials $ 267 $ 267 Work-in-process 2,778 1,475 Finished goods 2,373 1,486 $ 5,418 $ 3,228 Revenues. We disaggregate our revenues by segment (Note 7), by products and services (as presented on our condensed consolidated statement of operations), and for our QCT (Qualcomm CDMA Technologies) segment, by revenue stream, which is based on the industry and application in which our products are sold (as presented below). In certain cases, the determination of QCT revenues by industry and application requires the use of certain assumptions. Substantially all of QCT’s revenues consist of equipment revenues that are recognized at a point in time, and substantially all of QTL’s (Qualcomm Technology Licensing) revenues represent licensing revenues that are recognized over time and are principally from royalties generated through our licensees’ sales of mobile handsets. QCT revenue streams were as follows (in millions): Three Months Ended Nine Months Ended June 26, June 27, June 26, June 27, Handsets (1) $ 6,149 $ 3,863 $ 18,457 $ 12,144 RFFE (2) 1,046 957 3,338 2,921 Automotive (3) 350 253 945 705 IoT (internet of things) (4) 1,833 1,399 5,033 3,517 Total QCT revenues $ 9,378 $ 6,472 $ 27,773 $ 19,287 (1) Includes revenues from products sold for use in mobile handsets, excluding RFFE (radio frequency front-end) components. (2) Includes all revenues from sales of 4G, 5G sub-6 and 5G millimeter wave RFFE products (a substantial portion of which are sold for use in mobile handsets) and excludes radio frequency transceiver components. (3) Includes revenues from products sold for use in automobiles, including telematics, connectivity and digital cockpit. (4) Primarily includes products sold for use in the following industries and applications: consumer (including computing, voice and music and XR), edge networking (including mobile broadband and wireless access points) and industrial (including handhelds, retail, transportation and logistics and utilities). Revenues recognized from performance obligations satisfied (or partially satisfied) in previous periods were as follows (in millions): Three Months Ended Nine Months Ended June 26, June 27, June 26, June 27, Revenues recognized from previously satisfied performance obligations $ 260 $ 170 $ 578 $ 258 (1) Primarily related to certain QCT sales-based royalty revenues related to system software, certain QCT customer incentives and QTL royalty revenues recognized related to devices sold in prior periods (including adjustments to prior period royalty estimates, which includes the impact of the reporting by our licensees of actual royalties due). (2) Primarily related to QCT customer incentives, the release of a variable constraint against revenues not previously allocated to our segment results and QTL royalty revenues recognized related to devices sold in prior periods (including adjustments to prior period royalty estimates, which includes the impact of the reporting by our licensees of actual royalties due). Unearned revenues (which are considered contract liabilities) consist primarily of license fees for intellectual property with continuing performance obligations. In the nine months ended June 26, 2022 and June 27, 2021, we recognized revenues of $482 million and $437 million, respectively, that were recorded as unearned revenues at September 26, 2021 and September 27, 2020, respectively. Remaining performance obligations, substantially all of which are included in unearned revenues, represent the aggregate amount of the transaction price of certain customer contracts yet to be recognized as revenues as of the end of the reporting period and exclude revenues related to (a) contracts that have an original expected duration of one year or less and (b) sales-based royalties (i.e., future royalty revenues) pursuant to our license agreements. Our remaining performance obligations are primarily comprised of certain customer contracts for which we received license fees upfront. At June 26, 2022, we had $849 million of remaining performance obligations, of which $210 million, $417 million, $157 million, $55 million and $6 million was expected to be recognized as revenues for the remainder of fiscal 2022 and each of the subsequent four years from fiscal 2023 through 2026, respectively, and $4 million thereafter. Concentrations. A significant portion of our revenues are concentrated with a small number of customers/licensees of our QCT and QTL segments. The comparability of customer/licensee concentrations for the interim periods presented are impacted by the timing of customer/licensees device launches and/or innovation cycles and other seasonal trends, among other fluctuations in demand. Revenues from each customer/licensee that were 10% or greater of total revenues were as follows: Three Months Ended Nine Months Ended June 26, June 27, June 26, June 27, Customer/licensee (w) 22 % 13 % 20 % 14 % Customer/licensee (x) 17 16 20 22 Customer/licensee (y) * 16 * 14 Customer/licensee (z) * 10 * 10 * Less than 10% Other Income, Costs and Expenses. In the third quarter of fiscal 2022, the General Court of the European Union issued a ruling annulling a decision made by the European Commission (EC) in fiscal 2018 (Note 6). As a result of the court’s decision, we recorded a $1.1 billion benefit to other income in the three months ended June 26, 2022. Investment and Other (Expense) Income, Net (in millions) Three Months Ended Nine Months Ended June 26, June 27, June 26, June 27, Interest and dividend income $ 22 $ 21 $ 59 $ 63 Net (losses) gains on marketable securities (104) 53 (327) 86 Net gains on other investments 25 97 97 307 Net (losses) gains on deferred compensation plan assets (80) 38 (110) 115 Impairment losses on other investments (20) (7) (41) (24) Net losses on derivative instruments (7) — (25) (7) Equity in net (losses) earnings of investees (12) 1 5 12 Net gains (losses) on foreign currency transactions 13 (3) 21 (29) $ (163) $ 200 $ (321) $ 523

Income Taxes

Income Taxes	9 Months Ended
	Jun. 26, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes We estimate our annual effective income tax rate to be 13% for fiscal 2022, which is lower than the U.S. federal statutory rate primarily due to (i) a significant portion of our income qualifying for preferential treatment as foreign-derived intangible income (FDII) at a 13% effective tax rate, (ii) the reversal of the 2018 EC fine (Note 6), which is not taxable and is attributable to a foreign jurisdiction, (iii) excess tax benefits associated with share-based awards and (iv) benefits from our federal research and development tax credit. Our effective tax rate of 12% for the third quarter of fiscal 2022 was lower than our estimated annual effective tax rate of 13% primarily due to the benefit from the reversal of the EC fine in the third quarter, partially offset by $47 million of net discrete tax charges, which principally related to foreign currency losses on a noncurrent receivable related to our refund claim of Korean withholding tax, partially offset by excess tax benefits associated with share-based awards that vested in the third fiscal quarter. Our effective tax rate of 10% for the third quarter of fiscal 2021 included $64 million of discrete net tax benefits, which principally related to excess tax benefits associated with share-based awards that vested in the third fiscal quarter. Unrecognized tax benefits were $2.2 billion and $2.1 billion at June 26, 2022 and September 26, 2021, respectively, and primarily related to our refund claim of Korean withholding tax. If successful, the refund will result in a corresponding reduction in U.S. foreign tax credits. We expect that the total amount of unrecognized tax benefits at June 26, 2022 will increase in the next 12 months as licensees in Korea continue to withhold taxes on future payments due under their licensing agreements at a rate higher than we believe is owed; such increase is not expected to have a significant impact on our income tax provision.

Capital Stock

Capital Stock	9 Months Ended
	Jun. 26, 2022
Stockholders' Equity Attributable to Parent [Abstract]
Capital Stock	Capital Stock Stock Repurchase Program. On October 12, 2021, we announced a $10.0 billion stock repurchase program. The stock repurchase program has no expiration date. At June 26, 2022, $8.6 billion remained authorized for repurchase under our stock repurchase program. Shares Outstanding. Shares of common stock outstanding at June 26, 2022 were as follows (in millions): Balance at September 26, 2021 1,125 Issued 15 Repurchased (18) Balance at June 26, 2022 1,122 Dividends. On July 15, 2022, we announced a cash dividend of $0.75 per share on our common stock, payable on September 22, 2022 to stockholders of record as of the close of business on September 1, 2022. Earnings Per Common Share. Basic earnings per common share is computed by dividing net income by the weighted-average number of common shares outstanding during the reporting period. Diluted earnings per share is computed by dividing net income by the combination of the weighted-average number of dilutive common share equivalents, comprised of shares issuable under our share-based compensation plans and the weighted-average number of common shares outstanding during the reporting period. The following table provides information about the diluted earnings per share calculation (in millions): Three Months Ended Nine Months Ended June 26, June 27, June 26, June 27, Dilutive common share equivalents included in diluted shares 12 16 15 19 Shares of common stock equivalents not included because the effect would be anti-dilutive or certain performance conditions were not satisfied at the end of the period 2 — 1 —

Debt

Debt	9 Months Ended
	Jun. 26, 2022
Debt Disclosure [Abstract]
Debt Disclosure	Debt Long-term Debt. In May 2022, we issued unsecured fixed-rate notes, consisting of $500 million of fixed-rate 4.25% notes and $1.0 billion of fixed-rate 4.50% notes (May 2022 Notes) that mature on May 20, 2032 and May 20, 2052, respectively. The net proceeds from the May 2022 Notes, together with cash on hand, were used to repay $1.5 billion of fixed-rate notes that matured in May 2022. The following table provides a summary of our long-term debt: June 26, 2022 September 26, 2021 Maturities Amount Effective Rate Maturities Amount Effective Rate May 2015 Notes 2025 - 2045 $ 3,865 3.46% - 4.73% 2022 - 2045 $ 5,405 2.63% - 4.73% May 2017 Notes 2023 - 2047 5,860 2.03% - 4.46% 2023 - 2047 5,860 0.92% - 4.46% May 2020 Notes 2030 - 2050 2,000 2.73% - 3.30% 2030 - 2050 2,000 2.31% - 3.30% August 2020 Notes 2028 - 2032 2,207 2.32% - 3.27% 2028 - 2032 2,207 1.98% - 2.66% May 2022 Notes 2032 - 2052 1,500 3.14% - 4.26% — Total principal 15,432 15,472 Unamortized discount, including debt issuance costs (249) (234) Hedge accounting fair value adjustments (138) 7 Total long-term debt $ 15,045 $ 15,245 Reported as: Short-term debt $ 1,445 $ 1,544 Long-term debt 13,600 13,701 Total $ 15,045 $ 15,245 At June 26, 2022, the aggregate fair value of our outstanding floating- and fixed-rate notes, based on Level 2 inputs, was approximately $14.6 billion. Interest Rate Swaps. At September 26, 2021, we had outstanding forward-starting interest rate swaps with an aggregate notional amount, denominated in U.S. dollars, of $2.6 billion. During the third quarter of fiscal 2022, we terminated $1.0 billion of these swaps associated with our May 2022 Notes, and the related gains of $123 million are being reclassified from accumulated comprehensive income as a reduction to interest expense over the terms of the related debt. Beginning in the second quarter of fiscal 2022, we entered into interest rate swaps that are designated as fair value hedges and allow us to effectively convert fixed-rate payments into floating-rate payments on a portion of our outstanding long-term debt. We entered into these agreements, in part, to manage interest rate risk associated with our cash equivalents and marketable securities, in addition to changes in the fair value of our outstanding debt. At June 26, 2022, the notional amount of these swaps, which are denominated in U.S. dollars and mature between 2027 and 2032, was $2.1 billion. The fair value of these swaps, which is included in other noncurrent liabilities, was $141 million at June 26, 2022. The net gains and losses on the interest rate swaps, as well as the offsetting gains or losses on the related fixed-rate notes attributable to the hedged risks, are recognized in earnings as interest expense in the current period. Commercial Paper Program. We have an unsecured commercial paper program, which provides for the issuance of up to $4.5 billion. At June 26, 2022 and September 26, 2021, we had $500 million of outstanding commercial paper recorded as short-term debt.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Jun. 26, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Legal and Regulatory Proceedings. Consolidated Securities Class Action Lawsuit: On January 23, 2017 and January 26, 2017, securities class action complaints were filed by purported stockholders of us in the United States District Court for the Southern District of California against us and certain of our then current and former officers and directors. The complaints alleged, among other things, that we violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, as amended, and Rule 10b-5 thereunder, by making false and misleading statements and omissions of material fact in connection with certain allegations that we are or were engaged in anticompetitive conduct. The complaints sought unspecified damages, interest, fees and costs. On May 4, 2017, the court consolidated the two actions. On July 3, 2017, the plaintiffs filed a consolidated amended complaint asserting the same basic theories of liability and requesting the same basic relief. On September 1, 2017, we filed a motion to dismiss the consolidated amended complaint, and on March 18, 2019, the court denied our motion. On January 15, 2020, we filed a motion for judgment on the pleadings, which the court denied on February 3, 2022. On May 23, 2022, the plaintiffs filed a motion for class certification. The court has not yet ruled on the motion, and no trial date has been set. We believe the plaintiffs’ claims are without merit. Consumer Class Action Lawsuits: Beginning in January 2017, a number of consumer class action complaints were filed against us in the United States District Courts for the Southern and Northern Districts of California, each on behalf of a putative class of purchasers of cellular phones and other cellular devices. In April 2017, the Judicial Panel on Multidistrict Litigation transferred the cases that had been filed in the Southern District of California to the Northern District of California. On July 11, 2017, the plaintiffs filed a consolidated amended complaint alleging that we violated California and federal antitrust and unfair competition laws by, among other things, refusing to license standard-essential patents to our competitors, conditioning the supply of certain of our baseband chipsets on the purchaser first agreeing to license our entire patent portfolio, entering into exclusive deals with companies, including Apple Inc., and charging unreasonably high royalties that do not comply with our commitments to standard setting organizations. The complaint sought unspecified damages and disgorgement and/or restitution, as well as an order that we be enjoined from further unlawful conduct. On August 11, 2017, we filed a motion to dismiss the consolidated amended complaint. On November 10, 2017, the court denied our motion, except to the extent that certain claims seek damages under the Sherman Antitrust Act. On July 5, 2018, the plaintiffs filed a motion for class certification, and on September 27, 2018, the court granted that motion. We appealed the district court’s class certification order to the United States Court of Appeals for the Ninth Circuit (Ninth Circuit), and on September 29, 2021, the Ninth Circuit vacated the class certification order, ruling that the district court had failed to correctly assess the propriety of applying California law to a nationwide class. The Ninth Circuit remanded the case to the district court and instructed the court to consider the effect of United States Federal Trade Commission (FTC) v. QUALCOMM Incorporated (which the Ninth Circuit decided in favor of Qualcomm in August 2020) on this case. On June 10, 2022, the plaintiffs filed an amended complaint, limiting the proposed class to California residents rather than a nationwide class. We believe the plaintiffs’ claims are without merit. Since November 2017, several other consumer class action complaints have been filed against us in Canada (in the Supreme Court of British Columbia and the Quebec Superior Court), Israel (in the Haifa District Court) and the United Kingdom (in the Competition Appeal Tribunal), each on behalf of a putative class of purchasers of cellular phones and other cellular devices, alleging violations of certain of those countries’ competition and consumer protection laws. The claims in these complaints are similar to those in the U.S. consumer class action complaints. The complaints seek damages. We believe the plaintiffs’ claims are without merit. ParkerVision, Inc. v. QUALCOMM Incorporated: On May 1, 2014, ParkerVision filed a complaint against us in the United States District Court for the Middle District of Florida alleging that certain of our products infringed seven ParkerVision patents. On August 21, 2014, ParkerVision amended the complaint, alleging that we infringed 11 ParkerVision patents and sought damages and injunctive and other relief. ParkerVision subsequently reduced the number of patents asserted to three. The asserted patents are now expired, and injunctive relief is no longer available. ParkerVision continues to seek damages related to the sale of many of our radio frequency (RF) products sold between 2008 and 2018. On March 23, 2022, the court entered judgment in our favor on all claims and closed the case. On April 20, 2022, ParkerVision filed a notice of appeal to the United States Court of Appeals for the Federal Circuit. We believe that ParkerVision’s claims are without merit. Korea Fair Trade Commission (KFTC) Investigation (2015): On March 17, 2015, the KFTC notified us that it was conducting an investigation of us relating to the Korean Monopoly Regulation and Fair Trade Act (MRFTA). On December 27, 2016, the KFTC announced that it had reached a decision in the investigation, finding that we violated provisions of the MRFTA. On January 22, 2017, we received the KFTC’s formal written decision, which found that the following conducts violate the MRFTA: (i) refusing to license, or imposing restrictions on licenses for, cellular communications standard-essential patents with competing modem chipset makers; (ii) conditioning the supply of modem chipsets to handset suppliers on their execution and performance of license agreements with us; and (iii) coercing agreement terms including portfolio license terms, royalty terms and free cross-grant terms in executing patent license agreements with handset makers. The KFTC’s decision orders us to: (a) upon request by modem chipset companies, engage in good-faith negotiations for patent license agreements, without offering unjustifiable conditions, and if necessary submit to a determination of terms by an independent third party; (b) not demand that handset companies execute and perform under patent license agreements as a precondition for purchasing modem chipsets; (c) not demand unjustifiable conditions in our license agreements with handset companies and, upon request, renegotiate existing patent license agreements; and (d) notify modem chipset companies and handset companies of the decision and order imposed on us and report to the KFTC new or amended agreements. According to the KFTC’s decision, the foregoing will apply to transactions between us and the following enterprises: (1) handset manufacturers headquartered in Korea and their affiliate companies; (2) enterprises that sell handsets in or to Korea and their affiliate companies; (3) enterprises that supply handsets to companies referred to in (2) above and the affiliate companies of such enterprises; (4) modem chipset manufacturers headquartered in Korea and their affiliate companies; and (5) enterprises that supply modem chipsets to companies referred to in (1), (2) or (3) above and the affiliate companies of such enterprises. The KFTC’s decision also imposed a fine of 1.03 trillion Korean won (approximately $927 million), which we paid on March 30, 2017. On February 21, 2017, we filed an action in the Seoul High Court to cancel the KFTC’s decision. The Seoul High Court held hearings concluding on August 14, 2019, and on December 4, 2019, announced its judgment affirming certain portions of the KFTC’s decision and finding other portions of the KFTC’s decision unlawful. The Seoul High Court cancelled the KFTC’s remedial orders described in (c) above, and solely insofar as they correspond thereto, the Seoul High Court cancelled the KFTC’s remedial orders described in (d) above. The Seoul High Court dismissed the remainder of our action to cancel the KFTC’s decision. On December 19, 2019, we filed a notice of appeal to the Korea Supreme Court challenging those portions of the Seoul High Court decision that are not in our favor. The KFTC filed a notice of appeal to the Korea Supreme Court challenging the portions of the Seoul High Court decision that are not in its favor. Both we and the KFTC have filed briefs on the merits. T he Korea Supreme Court has not yet ruled on our appeal or that of the KFTC. We believe that our business practices do not violate the MRFTA. Korea Fair Trade Commission (KFTC) Investigation (2020) : On June 8, 2020, the KFTC informed us that it was conducting an investigation of us relating to the MRFTA. The KFTC has not provided a formal notice on the scope of its investigation, but we believe it concerns our business practices in connection with our sale of radio frequency front-end (RFFE) components. We continue to cooperate with the KFTC as it conducts its investigation. If a violation is found, a broad range of remedies is potentially available to the KFTC, including imposing a fine (of up to 3% of our sales in the relevant markets during the alleged period of violation) and/or injunctive relief prohibiting or restricting certain business practices. It is difficult to predict the outcome of this matter or what remedies, if any, may be imposed by the KFTC. We believe that our business practices do not violate the MRFTA. Icera Complaint to the European Commission (EC): On June 7, 2010, the EC notified and provided us with a redacted copy of a complaint filed with the EC by Icera, Inc. (subsequently acquired by Nvidia Corporation) alleging that we were engaged in anticompetitive activity. On July 16, 2015, the EC announced that it had initiated formal proceedings in this matter. On July 18, 2019, the EC issued a decision finding that between 2009 and 2011, we engaged in predatory pricing by selling certain baseband chipsets to two customers at prices below cost with the intention of hindering competition and imposed a fine of approximately 242 million euros. On October 1, 2019, we filed an appeal of the EC’s decision with the General Court of the European Union. The court has not yet ruled on our appeal. We believe that our business practices do not violate the European Union (EU) competition rules. In the third quarter of fiscal 2019, we recorded a charge of $275 million to other expenses related to this EC fine. We provided a financial guarantee in the first quarter of fiscal 2020 to satisfy the obligation in lieu of cash payment while we appeal the EC’s decision. The fine is accruing interest at a rate of 1.50% per annum while it is outstanding. In the fourth quarter of fiscal 2019, we designated the liability as a hedge of our net investment in a certain foreign subsidiary, with gains and losses recorded in accumulated other comprehensive income as a component of the foreign currency translation adjustment. At June 26, 2022, the liability, including related foreign currency gains and accrued interest (which, to the extent they were not related to the net investment hedge, were recorded in investment and other (expense) income, net), was $266 million and included in other current liabilities. European Commission (EC) Investigation: On October 15, 2014, the EC notified us that it was conducting an investigation of us relating to Articles 101 and/or 102 of the Treaty on the Functioning of the European Union (TFEU). On January 24, 2018, the EC issued a decision finding that pursuant to an agreement with Apple Inc. we paid significant amounts to Apple on the condition that it exclusively use our baseband chipsets in its smartphones and tablets, reducing Apple’s incentives to source baseband chipsets from our competitors and harming competition and innovation for certain baseband chipsets, and imposed a fine of 997 million euros. On April 6, 2018, we filed an appeal of the EC’s decision with the General Court of the European Union. From May 4, 2021 to May 6, 2021, a hearing on our appeal was held before the court. On June 15, 2022, the court issued a ruling annulling the EC’s decision in its entirety. Any appeal of the General Court’s decision must be brought before the European Court of Justice by late August 2022. In the first quarter of fiscal 2018, we recorded a charge of $1.2 billion to other expenses related to this EC fine. We provided financial guarantees in the third quarter of fiscal 2018 to satisfy the obligation in lieu of cash payment while we appealed the EC’s decision. The fine accrued interest at a rate of 1.50% per annum while it was outstanding. In the first quarter of fiscal 2019, we designated the liability as a hedge of our net investment in certain foreign subsidiaries, with gains and losses recorded in accumulated other comprehensive income as a component of the foreign currency translation adjustment. As a result of the court’s ruling, in the third quarter of fiscal 2022, we recorded a $1.1 billion benefit in other income and a $62 million reduction in interest expense resulting from the reversal of the accrued fine and the associated interest previously recorded. We also discontinued the net investment hedge related to this fine. The associated foreign currency gains will remain in accumulated other comprehensive income until the foreign subsidiaries are sold or substantially liquidated, at which point it will be reclassified into earnings. Contingent Losses and Other Considerations: We will continue to vigorously defend ourselves in the foregoing matters. However, litigation and investigations are inherently uncertain, and we face difficulties in evaluating or estimating likely outcomes or ranges of possible loss, particularly in antitrust and trade regulation investigations. Other than with respect to the EC fine related to the Icera Complaint to the European Commission, we have not recorded any accrual at June 26, 2022 for contingent losses associated with these matters based on our belief that losses, while reasonably possible, are not probable. Further, any possible amount or range of loss cannot be reasonably estimated at this time. The unfavorable resolution of one or more of these matters could have a material adverse effect on our business, results of operations, financial condition or cash flows. We are engaged in numerous other legal actions not described above arising in the ordinary course of our business (for example, proceedings relating to employment matters or the initiation or defense of proceedings relating to intellectual property rights) and, while there can be no assurance, we believe that the ultimate outcome of these other legal actions will not have a material adverse effect on our business, results of operations, financial condition or cash flows.

Segment Information

Segment Information	9 Months Ended
	Jun. 26, 2022
Segment Reporting [Abstract]
Segment Information	Segment InformationWe are organized on the basis of products and services and have three reportable segments. Our operating segments reflect the way our businesses and management/reporting structure are organized internally and the way our Chief Operating Decision Maker (CODM), who is our CEO, reviews financial information, makes operating decisions and assesses business performance. We also consider, among other items, the way budgets and forecasts are prepared and reviewed and the basis on which executive compensation is determined, as well as the similarity of activities within our operating segments, such as the nature of products, the level of shared products, technology and other resources, production processes and customer base. We conduct business primarily through our QCT semiconductor business and our QTL licensing business. QCT develops and supplies integrated circuits and system software based on 3G/4G/5G and other technologies, including RFFE, for use in mobile devices, automotive systems for telematics, connectivity and digital cockpit and IoT including wireless networks, broadband gateway equipment, consumer electronic devices and industrial devices. QTL grants licenses or otherwise provides rights to use portions of our intellectual property portfolio, which includes certain patent rights essential to and/or useful in the manufacture and sale of certain wireless products. Our QSI (Qualcomm Strategic Initiatives) reportable segment makes strategic investments. We also have nonreportable segments, including QGOV (Qualcomm Government Technologies), our cloud AI inference processing initiative and other technology and service initiatives. Our CODM allocates resources to and evaluates the performance of our segments based on revenues and earnings (loss) before income taxes (EBT). Segment EBT includes the allocation of certain corporate expenses to the segments, including depreciation and amortization expense related to unallocated corporate assets. Certain income and charges are not allocated to segments in our management reports because they are not considered in evaluating the segments’ operating performance. Unallocated income and charges include certain interest expense, certain net investment income, certain share-based compensation, gains and losses on our deferred compensation plan liabilities and related assets and certain research and development expenses, certain selling, general and administrative expenses and other expenses or income that were deemed to be not directly related to the businesses of the segments. Additionally, unallocated charges include recognition of the step-up of inventories and property, plant and equipment to fair value, amortization of certain intangible assets and certain other acquisition-related charges, third-party acquisition and integration services costs and certain other items, which may include major restructuring and restructuring-related costs, asset impairment charges and awards, settlements and/or damages arising from legal or regulatory matters. Our CODM does not evaluate our operating segments using discrete asset information. The table below presents revenues and EBT for reportable segments (in millions): Three Months Ended Nine Months Ended June 26, June 27, June 26, June 27, Revenues QCT $ 9,378 $ 6,472 $ 27,773 $ 19,287 QTL 1,519 1,489 4,917 4,762 QSI 8 11 22 30 Reconciling items 31 88 93 151 Total $ 10,936 $ 8,060 $ 32,805 $ 24,230 EBT QCT $ 2,996 $ 1,795 $ 9,450 $ 5,299 QTL 1,080 1,053 3,640 3,514 QSI (101) 156 (248) 412 Reconciling items 264 (747) (1,314) (2,236) Total $ 4,239 $ 2,257 $ 11,528 $ 6,989 Reconciling items for revenues and EBT in the previous table were as follows (in millions): Three Months Ended Nine Months Ended June 26, June 27, June 26, June 27, Revenues Nonreportable segments $ 31 $ 34 $ 93 $ 97 Unallocated revenues (Note 2) — 54 — 54 $ 31 $ 88 $ 93 $ 151 EBT Unallocated revenues (Note 2) $ — $ 54 $ — $ 54 Unallocated cost of revenues (76) (73) (182) (220) Unallocated research and development expenses (408) (505) (1,294) (1,325) Unallocated selling, general and administrative expenses (171) (125) (462) (418) Unallocated other income (Note 2) 1,059 — 1,059 — Unallocated interest expense (Note 6) (69) (138) (345) (420) Unallocated investment and other (expense) income, net (58) 55 (68) 140 Nonreportable segments (13) (15) (22) (47) $ 264 $ (747) $ (1,314) $ (2,236)

Acquisitions

Acquisitions	9 Months Ended
	Jun. 26, 2022
Business Combinations [Abstract]
Acquisitions	Acquisitions Nuvia. On March 16, 2021, we completed the acquisition of NuVia, Inc. (Nuvia) for $1.1 billion (net of $174 million cash acquired), substantially all of which was paid in cash. In connection with the acquisition, we assumed or replaced unvested Nuvia stock awards with Qualcomm stock awards with an estimated fair value of $258 million, which have post-acquisition requisite service periods of up to four years. Nuvia has certain in-process technologies and is comprised of a CPU (central processing unit) and technology design team with expertise in high performance processors, SoC (system-on-chip) and power management for compute-intensive devices and applications. Upon completion of development, Nuvia’s technologies are expected to be integrated into certain QCT products. We recorded $885 million of goodwill, which is not deductible for tax purposes and was allocated to our QCT segment for annual impairment testing purposes. Goodwill is primarily attributable to assembled workforce and certain revenue and cost synergies expected to arise after the acquisition. We also recorded a $247 million in-process research and development intangible asset related to a single project, which is expected to be completed in fiscal 2023 and, upon completion, will be amortized over its useful life, which is expected to be seven years. Our results of operations for fiscal 2021 included the operating results of Nuvia since the acquisition date, the amounts of which were not material. Veoneer. On October 4, 2021, we and SSW Partners, a New York-based investment partnership, entered into a definitive agreement to acquire Veoneer, Inc. (Veoneer). The transaction closed on April 1, 2022 (the Closing Date). Total cash consideration paid in the transaction was approximately $4.7 billion, consisting of (i) approximately $4.6 billion paid in respect of Veoneer’s outstanding capital stock and equity awards and amounts paid to settle Veoneer’s convertible senior notes (which were converted at the election of the note holders and settled in cash in the third quarter of fiscal 2022) and (ii) a $110 million termination fee paid to Magna International Inc. (Magna) in the first quarter of fiscal 2022. We funded substantially all of the cash consideration payable in the transaction in exchange for (i) the Arriver business (which SSW transferred to us shortly after the Closing Date) and (ii) the right to receive a majority of the proceeds upon the sale of the Non-Arriver businesses by SSW Partners. We intend to incorporate Arriver’s computer vision, drive policy and driver assistance technologies into our Snapdragon automotive platform to deliver an integrated software SoC ADAS (advanced driver assistance systems) platform for automakers and Tier-1 automotive suppliers. SSW Partners retained Veoneer’s Tier-1 automotive supplier businesses, primarily consisting of the Active Safety and Restraint Control Systems businesses (the Non-Arriver businesses), which it intends to sell in one or more transactions. We have agreed to provide certain funding of approximately $300 million to the Non-Arriver businesses while SSW Partners seeks a buyer(s), of which approximately $150 million of funding remained available to the Non-Arriver businesses at June 26, 2022. Such amounts, along with cash retained in the Non-Arriver business, are expected to be used to fund working and other near-term capital needs, as well as certain costs incurred in connection with the close of the acquisition. Although we do not own or operate the Non-Arriver businesses, we have determined that we are the primary beneficiary, within the meaning of the Financial Accounting Standards Board (FASB) accounting guidance related to consolidation (ASC 810), of these businesses under the variable interest model. Factors considered in reaching this conclusion included, among others: (i) our involvement in the design of and our funding of substantially all of the total cash consideration payable in the transaction and (ii) our obligations to absorb losses and rights to receive returns from the Non-Arriver businesses. We expect that SSW Partners will complete the sale of the Non-Arriver businesses within fiscal 2023, subject to any required regulatory approvals and other closing conditions being met. Accordingly, the assets and liabilities of the Non-Arriver businesses are consolidated and presented as held for sale (in other current and noncurrent assets and liabilities on our balance sheet), and the operating results will be presented as discontinued operations. Our accounting purchase price was approximately $4.3 billion, substantially all of which relates to our share of cash consideration at close for the outstanding common shares of Veoneer and the Magna termination fee and excludes Veoneer’s convertible senior notes that are reflected as an assumed liability. We have not finalized the purchase price allocation. Accordingly, the preliminary purchase price allocation shown below could change as the fair values of the tangible and intangible assets acquired and liabilities assumed, and the related income tax effects, are finalized during the remainder of the measurement period (which will not exceed 12 months from the Closing Date). The preliminary allocation of the purchase price to the assets acquired and liabilities assumed based on their fair values was as follows (in millions): Cash $ 31 Current held for sale assets, net of costs to sell (1) 667 Completed technology-based intangible assets 349 In-process research and development (IPR&D) 298 Goodwill 3,016 Noncurrent held for sale assets (1) 916 Other assets 333 Total assets 5,610 Current held for sale liabilities (1) (677) Convertible senior notes (352) Noncurrent held for sale liabilities (1) (128) Other liabilities (202) Total liabilities (1,359) Net assets acquired $ 4,251 (1) Held for sale assets and liabilities relate to the Non-Arriver businesses and were measured at fair value less costs to sell (including SSW Partners’ estimated return with respect to the sale proceeds of the Non-Arriver businesses), which was estimated using a market approach based on significant inputs that were not observable. The Non-Arriver businesses’ assets are not available to be used to settle our obligations, and the Non-Arriver businesses’ creditors do not have recourse to us. SSW Partners owns and operates the Non-Arriver businesses, and its funding of the purchase price for Veoneer was recorded as a component of held for sale liabilities. The underlying classes of assets and liabilities held for sale have not been presented because such amounts are not material. Goodwill related to this transaction was allocated to our QCT segment, and $471 million of which is expected to be deductible for tax purposes. Goodwill is primarily attributable to assembled workforce and certain synergies expected to arise after the acquisition. Completed technology-based intangible assets will be amortized on a straight-line basis over the weighted-average useful life of nine years. IPR&D relates to a single project that is expected to be completed in fiscal 2025. Upon completion, we expect the IPR&D to be amortized over its useful life of seven years. We valued the completed technology and IPR&D using an income approach based on significant unobservable inputs. The operating results of the Arriver and Non-Arriver businesses are reported on a one quarter lag. Therefore, no such amounts were included in our results of operations for the three and nine months ended June 26, 2022. Pro forma results of operations have not been presented because the effects of this acquisition were not material to our consolidated results of operations. Other. During the first nine months of fiscal 2022, we acquired six other businesses for a total accounting purchase price of $660 million. We recognized $143 million of intangible assets (which primarily relate to completed technology) that will be amortized on a straight-line basis over a weighted-average useful life of six years. Substantially all of the goodwill recognized in these transactions of $527 million was allocated to our QCT segment.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Jun. 26, 2022
Fair Value Measurements [Abstract]
Fair Value Measurements	Fair Value Measurements The following table presents our fair value hierarchy for assets and liabilities measured at fair value on a recurring basis at June 26, 2022 (in millions): Level 1 Level 2 Level 3 Total Assets Cash equivalents $ 882 $ 222 $ — $ 1,104 Marketable securities: Corporate bonds and notes — 3,802 — 3,802 Equity securities 246 — — 246 Mortgage- and asset-backed securities — 108 — 108 U.S. Treasury securities and government-related securities — 16 — 16 Total marketable securities 246 3,926 — 4,172 Derivative instruments — 207 — 207 Other investments 642 — 16 658 Total assets measured at fair value $ 1,770 $ 4,355 $ 16 $ 6,141 Liabilities Derivative instruments $ — $ 172 $ — $ 172 Other liabilities 642 — 1 643 Total liabilities measured at fair value $ 642 $ 172 $ 1 $ 815

Marketable Securities

Marketable Securities	9 Months Ended
	Jun. 26, 2022
Investments, Debt and Equity Securities [Abstract]
Marketable Securities	Marketable Securities Our marketable securities were all classified as current and were comprised as follows (in millions): June 26, September 26, Available-for-sale debt securities: Corporate bonds and notes $ 3,802 $ 4,459 Mortgage- and asset-backed securities 108 147 U.S. Treasury securities and government-related securities 16 10 Total available-for-sale debt securities 3,926 4,616 Equity securities 246 682 Total marketable securities $ 4,172 $ 5,298 The contractual maturities of available-for-sale debt securities were as follows (in millions): June 26, Years to Maturity Less than one year $ 959 One to five years 2,859 No single maturity date 108 Total $ 3,926 Debt securities with no single maturity date included mortgage- and asset-backed securities.

Basis of Presentation and Sig_2

Basis of Presentation and Significant Accounting Policies Update (Policies)	9 Months Ended
	Jun. 26, 2022
Basis of Presentation [Abstract]
Fiscal Period, Policy	We operate and report using a 52-53 week fiscal year ending on the last Sunday in September. Each of the three and nine months ended June 26, 2022 and June 27, 2021 included 13 weeks and 39 weeks, respectively.
Use of Estimates, Policy	The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts and the disclosure of contingent amounts in our condensed consolidated financial statements and the accompanying notes. Actual results could differ from those estimates.
Revenue Recognition	We disaggregate our revenues by segment (Note 7), by products and services (as presented on our condensed consolidated statement of operations), and for our QCT (Qualcomm CDMA Technologies) segment, by revenue stream, which is based on the industry and application in which our products are sold (as presented below). In certain cases, the determination of QCT revenues by industry and application requires the use of certain assumptions. Substantially all of QCT’s revenues consist of equipment revenues that are recognized at a point in time, and substantially all of QTL’s (Qualcomm Technology Licensing) revenues represent licensing revenues that are recognized over time and are principally from royalties generated through our licensees’ sales of mobile handsets.
Segment Reporting Policy	We are organized on the basis of products and services and have three reportable segments.
Segment Reporting EBT Policy	Our CODM allocates resources to and evaluates the performance of our segments based on revenues and earnings (loss) before income taxes (EBT). Segment EBT includes the allocation of certain corporate expenses to the segments, including depreciation and amortization expense related to unallocated corporate assets. Certain income and charges are not allocated to segments in our management reports because they are not considered in evaluating the segments’ operating performance. Unallocated income and charges include certain interest expense, certain net investment income, certain share-based compensation, gains and losses on our deferred compensation plan liabilities and related assets and certain research and development expenses, certain selling, general and administrative expenses and other expenses or income that were deemed to be not directly related to the businesses of the segments. Additionally, unallocated charges include recognition of the step-up of inventories and property, plant and equipment to fair value, amortization of certain intangible assets and certain other acquisition-related charges, third-party acquisition and integration services costs and certain other items, which may include major restructuring and restructuring-related costs, asset impairment charges and awards, settlements and/or damages arising from legal or regulatory matters. Our CODM does not evaluate our operating segments using discrete asset information.

Composition of Certain Financ_2

Composition of Certain Financial Statement Items (Tables)	9 Months Ended
	Jun. 26, 2022
Condensed Financial Information Disclosure [Abstract]
Inventories	Inventories (in millions) June 26, September 26, Raw materials $ 267 $ 267 Work-in-process 2,778 1,475 Finished goods 2,373 1,486 $ 5,418 $ 3,228
QCT Revenues Disaggregated	QCT revenue streams were as follows (in millions): Three Months Ended Nine Months Ended June 26, June 27, June 26, June 27, Handsets (1) $ 6,149 $ 3,863 $ 18,457 $ 12,144 RFFE (2) 1,046 957 3,338 2,921 Automotive (3) 350 253 945 705 IoT (internet of things) (4) 1,833 1,399 5,033 3,517 Total QCT revenues $ 9,378 $ 6,472 $ 27,773 $ 19,287 (1) Includes revenues from products sold for use in mobile handsets, excluding RFFE (radio frequency front-end) components. (2) Includes all revenues from sales of 4G, 5G sub-6 and 5G millimeter wave RFFE products (a substantial portion of which are sold for use in mobile handsets) and excludes radio frequency transceiver components. (3) Includes revenues from products sold for use in automobiles, including telematics, connectivity and digital cockpit. (4) Primarily includes products sold for use in the following industries and applications: consumer (including computing, voice and music and XR), edge networking (including mobile broadband and wireless access points) and industrial (including handhelds, retail, transportation and logistics and utilities).
Revenue recognized from performance obligations satisfied in previous periods	Revenues recognized from performance obligations satisfied (or partially satisfied) in previous periods were as follows (in millions): Three Months Ended Nine Months Ended June 26, June 27, June 26, June 27, Revenues recognized from previously satisfied performance obligations $ 260 $ 170 $ 578 $ 258 (1) Primarily related to certain QCT sales-based royalty revenues related to system software, certain QCT customer incentives and QTL royalty revenues recognized related to devices sold in prior periods (including adjustments to prior period royalty estimates, which includes the impact of the reporting by our licensees of actual royalties due). (2) Primarily related to QCT customer incentives, the release of a variable constraint against revenues not previously allocated to our segment results and QTL royalty revenues recognized related to devices sold in prior periods (including adjustments to prior period royalty estimates, which includes the impact of the reporting by our licensees of actual royalties due).
Customer Concentrations - Revenues	Revenues from each customer/licensee that were 10% or greater of total revenues were as follows: Three Months Ended Nine Months Ended June 26, June 27, June 26, June 27, Customer/licensee (w) 22 % 13 % 20 % 14 % Customer/licensee (x) 17 16 20 22 Customer/licensee (y) * 16 * 14 Customer/licensee (z) * 10 * 10 * Less than 10%
Investment and Other Income, Net	Investment and Other (Expense) Income, Net (in millions) Three Months Ended Nine Months Ended June 26, June 27, June 26, June 27, Interest and dividend income $ 22 $ 21 $ 59 $ 63 Net (losses) gains on marketable securities (104) 53 (327) 86 Net gains on other investments 25 97 97 307 Net (losses) gains on deferred compensation plan assets (80) 38 (110) 115 Impairment losses on other investments (20) (7) (41) (24) Net losses on derivative instruments (7) — (25) (7) Equity in net (losses) earnings of investees (12) 1 5 12 Net gains (losses) on foreign currency transactions 13 (3) 21 (29) $ (163) $ 200 $ (321) $ 523

Capital Stock Earnings per Comm

Capital Stock Earnings per Common Share (Tables)	9 Months Ended
	Jun. 26, 2022
Earnings Per Share [Abstract]
Schedule of Capital Units	Shares Outstanding. Shares of common stock outstanding at June 26, 2022 were as follows (in millions): Balance at September 26, 2021 1,125 Issued 15 Repurchased (18) Balance at June 26, 2022 1,122
Schedule of Earnings Per Share, Basic and Diluted	The following table provides information about the diluted earnings per share calculation (in millions): Three Months Ended Nine Months Ended June 26, June 27, June 26, June 27, Dilutive common share equivalents included in diluted shares 12 16 15 19 Shares of common stock equivalents not included because the effect would be anti-dilutive or certain performance conditions were not satisfied at the end of the period 2 — 1 —

Debt (Tables)

Debt (Tables)	9 Months Ended
	Jun. 26, 2022
Debt Disclosure [Abstract]
Summary of long-term debt	The following table provides a summary of our long-term debt: June 26, 2022 September 26, 2021 Maturities Amount Effective Rate Maturities Amount Effective Rate May 2015 Notes 2025 - 2045 $ 3,865 3.46% - 4.73% 2022 - 2045 $ 5,405 2.63% - 4.73% May 2017 Notes 2023 - 2047 5,860 2.03% - 4.46% 2023 - 2047 5,860 0.92% - 4.46% May 2020 Notes 2030 - 2050 2,000 2.73% - 3.30% 2030 - 2050 2,000 2.31% - 3.30% August 2020 Notes 2028 - 2032 2,207 2.32% - 3.27% 2028 - 2032 2,207 1.98% - 2.66% May 2022 Notes 2032 - 2052 1,500 3.14% - 4.26% — Total principal 15,432 15,472 Unamortized discount, including debt issuance costs (249) (234) Hedge accounting fair value adjustments (138) 7 Total long-term debt $ 15,045 $ 15,245 Reported as: Short-term debt $ 1,445 $ 1,544 Long-term debt 13,600 13,701 Total $ 15,045 $ 15,245

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Jun. 26, 2022
Segment Reporting [Abstract]
Revenues, EBT, and Assets for reportable segments	The table below presents revenues and EBT for reportable segments (in millions): Three Months Ended Nine Months Ended June 26, June 27, June 26, June 27, Revenues QCT $ 9,378 $ 6,472 $ 27,773 $ 19,287 QTL 1,519 1,489 4,917 4,762 QSI 8 11 22 30 Reconciling items 31 88 93 151 Total $ 10,936 $ 8,060 $ 32,805 $ 24,230 EBT QCT $ 2,996 $ 1,795 $ 9,450 $ 5,299 QTL 1,080 1,053 3,640 3,514 QSI (101) 156 (248) 412 Reconciling items 264 (747) (1,314) (2,236) Total $ 4,239 $ 2,257 $ 11,528 $ 6,989
Reconciling items for reportable segments - revenues	Reconciling items for revenues and EBT in the previous table were as follows (in millions): Three Months Ended Nine Months Ended June 26, June 27, June 26, June 27, Revenues Nonreportable segments $ 31 $ 34 $ 93 $ 97 Unallocated revenues (Note 2) — 54 — 54 $ 31 $ 88 $ 93 $ 151 EBT Unallocated revenues (Note 2) $ — $ 54 $ — $ 54 Unallocated cost of revenues (76) (73) (182) (220) Unallocated research and development expenses (408) (505) (1,294) (1,325) Unallocated selling, general and administrative expenses (171) (125) (462) (418) Unallocated other income (Note 2) 1,059 — 1,059 — Unallocated interest expense (Note 6) (69) (138) (345) (420) Unallocated investment and other (expense) income, net (58) 55 (68) 140 Nonreportable segments (13) (15) (22) (47) $ 264 $ (747) $ (1,314) $ (2,236)
Reconciling items for reportable segments - EBT	Reconciling items for revenues and EBT in the previous table were as follows (in millions): Three Months Ended Nine Months Ended June 26, June 27, June 26, June 27, Revenues Nonreportable segments $ 31 $ 34 $ 93 $ 97 Unallocated revenues (Note 2) — 54 — 54 $ 31 $ 88 $ 93 $ 151 EBT Unallocated revenues (Note 2) $ — $ 54 $ — $ 54 Unallocated cost of revenues (76) (73) (182) (220) Unallocated research and development expenses (408) (505) (1,294) (1,325) Unallocated selling, general and administrative expenses (171) (125) (462) (418) Unallocated other income (Note 2) 1,059 — 1,059 — Unallocated interest expense (Note 6) (69) (138) (345) (420) Unallocated investment and other (expense) income, net (58) 55 (68) 140 Nonreportable segments (13) (15) (22) (47) $ 264 $ (747) $ (1,314) $ (2,236)

Business Combinations and Asset

Business Combinations and Asset Acquisitions (Tables)	9 Months Ended
	Jun. 26, 2022
Business Combinations [Abstract]
Preliminary allocation of purchase price	The preliminary allocation of the purchase price to the assets acquired and liabilities assumed based on their fair values was as follows (in millions): Cash $ 31 Current held for sale assets, net of costs to sell (1) 667 Completed technology-based intangible assets 349 In-process research and development (IPR&D) 298 Goodwill 3,016 Noncurrent held for sale assets (1) 916 Other assets 333 Total assets 5,610 Current held for sale liabilities (1) (677) Convertible senior notes (352) Noncurrent held for sale liabilities (1) (128) Other liabilities (202) Total liabilities (1,359) Net assets acquired $ 4,251

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Jun. 26, 2022
Fair Value Measurements [Abstract]
Fair value hierarchy for assets and liabilities measured at fair value on a recurring basis	The following table presents our fair value hierarchy for assets and liabilities measured at fair value on a recurring basis at June 26, 2022 (in millions): Level 1 Level 2 Level 3 Total Assets Cash equivalents $ 882 $ 222 $ — $ 1,104 Marketable securities: Corporate bonds and notes — 3,802 — 3,802 Equity securities 246 — — 246 Mortgage- and asset-backed securities — 108 — 108 U.S. Treasury securities and government-related securities — 16 — 16 Total marketable securities 246 3,926 — 4,172 Derivative instruments — 207 — 207 Other investments 642 — 16 658 Total assets measured at fair value $ 1,770 $ 4,355 $ 16 $ 6,141 Liabilities Derivative instruments $ — $ 172 $ — $ 172 Other liabilities 642 — 1 643 Total liabilities measured at fair value $ 642 $ 172 $ 1 $ 815

Marketable Securities (Tables)

Marketable Securities (Tables)	9 Months Ended
	Jun. 26, 2022
Investments, Debt and Equity Securities [Abstract]
Marketable Securities	Our marketable securities were all classified as current and were comprised as follows (in millions): June 26, September 26, Available-for-sale debt securities: Corporate bonds and notes $ 3,802 $ 4,459 Mortgage- and asset-backed securities 108 147 U.S. Treasury securities and government-related securities 16 10 Total available-for-sale debt securities 3,926 4,616 Equity securities 246 682 Total marketable securities $ 4,172 $ 5,298
Investments Classified by Contractual Maturity Date	The contractual maturities of available-for-sale debt securities were as follows (in millions): June 26, Years to Maturity Less than one year $ 959 One to five years 2,859 No single maturity date 108 Total $ 3,926

Composition of Certain Financ_3

Composition of Certain Financial Statement Items Inventories (Details) - USD ($) $ in Millions	Jun. 26, 2022	Sep. 26, 2021
Inventory, Net [Abstract]
Raw materials	$ 267	$ 267
Work-in-process	2,778	1,475
Finished goods	2,373	1,486
Inventories	$ 5,418	$ 3,228

Composition of Certain Financ_4

Composition of Certain Financial Statement Items Revenues (Details) - USD ($) $ in Millions		3 Months Ended				9 Months Ended
		Jun. 26, 2022		Jun. 27, 2021		Jun. 26, 2022		Jun. 27, 2021
Revenue
Revenues		$ 10,936		$ 8,060		$ 32,805		$ 24,230
Contract with Customer, Performance Obligation Satisfied in Previous Period		260	[1]	170	[2]	578	[1]	258	[2]
Contract with Customer, Liability, Revenue Recognized						482		437
Revenue, Remaining Performance Obligation, Amount		849				849
QCT
Revenue
Revenues		9,378		6,472		27,773		19,287
Handsets | QCT
Revenue
Revenues	[3]	6,149		3,863		18,457		12,144
RFFE | QCT
Revenue
Revenues	[4]	1,046		957		3,338		2,921
Automotive | QCT
Revenue
Revenues	[5]	350		253		945		705
IoT | QCT
Revenue
Revenues	[6]	1,833		$ 1,399		5,033		$ 3,517
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-06-27
Revenue
Revenue, Remaining Performance Obligation, Amount		$ 210				$ 210
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period		3 months				3 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-09-26
Revenue
Revenue, Remaining Performance Obligation, Amount		$ 417				$ 417
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period		1 year				1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-09-25
Revenue
Revenue, Remaining Performance Obligation, Amount		$ 157				$ 157
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period		1 year				1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-09-30
Revenue
Revenue, Remaining Performance Obligation, Amount		$ 55				$ 55
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period		1 year				1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-09-29
Revenue
Revenue, Remaining Performance Obligation, Amount		$ 6				$ 6
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period		1 year				1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-09-28
Revenue
Revenue, Remaining Performance Obligation, Amount		$ 4				$ 4
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period		1 year				1 year
[1]Primarily related to certain QCT sales-based royalty revenues related to system software, certain QCT customer incentives and QTL royalty revenues recognized related to devices sold in prior periods (including adjustments to prior period royalty estimates, which includes the impact of the reporting by our licensees of actual royalties due).[2]Primarily related to QCT customer incentives, the release of a variable constraint against revenues not previously allocated to our segment results and QTL royalty revenues recognized related to devices sold in prior periods (including adjustments to prior period royalty estimates, which includes the impact of the reporting by our licensees of actual royalties due).[3]Includes revenues from products sold for use in mobile handsets, excluding RFFE (radio frequency front-end) components.[4]Includes all revenues from sales of 4G, 5G sub-6 and 5G millimeter wave RFFE products (a substantial portion of which are sold for use in mobile handsets) and excludes radio frequency transceiver components.[5]Includes revenues from products sold for use in automobiles, including telematics, connectivity and digital cockpit.[6]Primarily includes products sold for use in the following industries and applications: consumer (including computing, voice and music and XR), edge networking (including mobile broadband and wireless access points) and industrial (including handhelds, retail, transportation and logistics and utilities).

Composition of Certain Financ_5

Composition of Certain Financial Statement Items Concentrations (Details) - Sales - Customer Concentration Risk	3 Months Ended		9 Months Ended
	Jun. 26, 2022	Jun. 27, 2021	Jun. 26, 2022	Jun. 27, 2021
Customer/licensee (w)
Concentration Risk
Concentration Risk, Percentage	22%	13%	20%	14%
Customer/licensee (x)
Concentration Risk
Concentration Risk, Percentage	17%	16%	20%	22%
Customer/licensee (y)
Concentration Risk
Concentration Risk, Percentage		16%		14%
Customer/licensee (z)
Concentration Risk
Concentration Risk, Percentage		10%		10%

Composition of Certain Financ_6

Composition of Certain Financial Statement Items Other Income, Costs and Expenses (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Jun. 26, 2022	Jun. 26, 2022
EC
Loss Contingencies [Line Items]
Other Operating Income	$ 1,100	$ 1,100

Composition of Certain Financ_7

Composition of Certain Financial Statement Items Investment and Other (Expense) Income, Net (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 26, 2022	Jun. 27, 2021	Jun. 26, 2022	Jun. 27, 2021
Investment Income, Net [Abstract]
Interest and dividend income	$ 22	$ 21	$ 59	$ 63
Net (losses) gains on marketable securities	(104)	53	(327)	86
Net gains on other investments	25	97	97	307
Net (losses) gains on deferred compensation plan assets	(80)	38	(110)	115
Impairment losses on other investments	(20)	(7)	(41)	(24)
Net losses on derivative instruments	(7)	0	(25)	(7)
Equity in net (losses) earnings of investees	(12)	1	5	12
Net gains (losses) on foreign currency transactions	13	(3)	21	(29)
Investment and other (expense) income, net	$ (163)	$ 200	$ (321)	$ 523

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Jun. 26, 2022	Jun. 27, 2021	Jun. 26, 2022	Jun. 27, 2021	Sep. 25, 2022	Sep. 26, 2021
Income Taxes
Effective income tax rate (benefit)	12%	10%
Income Tax Expense (Benefit)	$ 509	$ 230	$ 1,465	$ 744
Unrecognized tax benefits	2,200		$ 2,200			$ 2,100
Internal Revenue Service (IRS)
Income Taxes
Income Tax Expense (Benefit)	$ 47	$ 64
Forecast
Income Taxes
Effective income tax rate (benefit)					13%
Forecast | FDII Effective Tax Rate
Income Taxes
Effective income tax rate (benefit)					13%

Capital Stock Share Repurchase

Capital Stock Share Repurchase Program (Details) - $10B stock repurchase program announced October 12, 2021 - USD ($) $ in Billions	Jun. 26, 2022	Oct. 12, 2021
Stock Repurchase Program
Authorized amount		$ 10
Remaining authorized amount	$ 8.6

Capital Stock Shares Outstandin

Capital Stock Shares Outstanding (Details) shares in Millions	9 Months Ended
	Jun. 26, 2022 shares
Shares Outstanding [Abstract]
Balance at September 26, 2021	1,125
Issued	15
Repurchased	(18)
Balance at June 26, 2022	1,122

Capital Stock Dividends (Detail

Capital Stock Dividends (Details) - $ / shares				3 Months Ended		9 Months Ended
	Sep. 22, 2022	Sep. 01, 2022	Jul. 15, 2022	Jun. 26, 2022	Jun. 27, 2021	Jun. 26, 2022	Jun. 27, 2021
Subsequent Event
Dividends per share announced				$ 0.75	$ 0.68	$ 2.11	$ 1.98
Subsequent Event
Subsequent Event
Dividends Payable, Date Declared			Jul. 15, 2022
Dividends per share announced			$ 0.75
Dividends Payable, Date to be Paid	Sep. 22, 2022
Dividends Payable, Date of Record		Sep. 01, 2022

Capital Stock Earnings per Co_2

Capital Stock Earnings per Common Share (Details) - shares shares in Millions	3 Months Ended		9 Months Ended
	Jun. 26, 2022	Jun. 27, 2021	Jun. 26, 2022	Jun. 27, 2021
Earnings Per Share [Abstract]
Dilutive common share equivalents included in diluted shares	12	16	15	19
Shares of common stock equivalents not included because the effect would be anti-dilutive or certain performance conditions were not satisfied at the end of the period	2	0	1	0

Debt (Details)

Debt (Details) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Jun. 26, 2022	Sep. 26, 2021
Debt Instrument
Long-term debt, principal amount	$ 15,432	$ 15,472
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net	(249)	(234)
Hedge Accounting Adjustments Related to Long Term Debt	(138)	7
Debt, Long-term and Short-term, Combined Amount	15,045	15,245
Long-term Debt, Current Maturities	1,445	1,544
Long-term Debt, Excluding Current Maturities	13,600	13,701
Long-term Debt, Fair Value	14,600
Fixed rate 4.25% due May 2032
Debt Instrument
Long-term debt, principal amount	$ 500
Debt Instrument, Interest Rate, Stated Percentage	4.25%
Fixed rate 4.50% due May 2052
Debt Instrument
Long-term debt, principal amount	$ 1,000
Debt Instrument, Interest Rate, Stated Percentage	4.50%
Fixed rate notes due May 2022
Debt Instrument
Long-term debt, principal amount	$ 1,500
May 2015 Notes
Debt Instrument
Long-term debt, principal amount	$ 3,865	$ 5,405
Debt Instrument Maturity Date Range Start	2025	2022
Debt Instrument Maturity Date Range End	2045	2045
May 2015 Notes | Minimum
Debt Instrument
Debt Instrument, Interest Rate, Effective Percentage	3.46%	2.63%
May 2015 Notes | Maximum
Debt Instrument
Debt Instrument, Interest Rate, Effective Percentage	4.73%	4.73%
May 2017 Notes
Debt Instrument
Long-term debt, principal amount	$ 5,860	$ 5,860
Debt Instrument Maturity Date Range Start	2023	2023
Debt Instrument Maturity Date Range End	2047	2047
May 2017 Notes | Minimum
Debt Instrument
Debt Instrument, Interest Rate, Effective Percentage	2.03%	0.92%
May 2017 Notes | Maximum
Debt Instrument
Debt Instrument, Interest Rate, Effective Percentage	4.46%	4.46%
May 2020 Notes
Debt Instrument
Long-term debt, principal amount	$ 2,000	$ 2,000
Debt Instrument Maturity Date Range Start	2030	2030
Debt Instrument Maturity Date Range End	2050	2050
May 2020 Notes | Minimum
Debt Instrument
Debt Instrument, Interest Rate, Effective Percentage	2.73%	2.31%
May 2020 Notes | Maximum
Debt Instrument
Debt Instrument, Interest Rate, Effective Percentage	3.30%	3.30%
August 2020 Notes
Debt Instrument
Long-term debt, principal amount	$ 2,207	$ 2,207
Debt Instrument Maturity Date Range Start	2028	2028
Debt Instrument Maturity Date Range End	2032	2032
August 2020 Notes | Minimum
Debt Instrument
Debt Instrument, Interest Rate, Effective Percentage	2.32%	1.98%
August 2020 Notes | Maximum
Debt Instrument
Debt Instrument, Interest Rate, Effective Percentage	3.27%	2.66%
May 2022 Notes
Debt Instrument
Long-term debt, principal amount	$ 1,500	$ 0
Debt Instrument Maturity Date Range Start	2032
Debt Instrument Maturity Date Range End	2052
May 2022 Notes | Minimum
Debt Instrument
Debt Instrument, Interest Rate, Effective Percentage	3.14%
May 2022 Notes | Maximum
Debt Instrument
Debt Instrument, Interest Rate, Effective Percentage	4.26%

Interest Rate Swap (Details)

Interest Rate Swap (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 26, 2022	Sep. 26, 2021
Other Noncurrent Liabilities
Derivative Instruments and Hedging Activities Disclosures
Derivative, Fair Value, Net	$ 141
Forward-starting Interest Rate Swap
Derivative Instruments and Hedging Activities Disclosures
Derivative, Notional Amount		$ 2,600
Terminated Derivative, Notional Amount	1,000
Derivative, Gain on Derivative	123
Interest Rate Swap
Derivative Instruments and Hedging Activities Disclosures
Derivative, Notional Amount	$ 2,100

Commercial Paper (Details)

Commercial Paper (Details) - Commercial Paper [Member] - USD ($) $ in Millions	Jun. 26, 2022	Sep. 26, 2021
Short-term Debt
Line of Credit Facility, Maximum Borrowing Capacity	$ 4,500
Commercial Paper	$ 500	$ 500

Commitments and Contingencies L

Commitments and Contingencies Legal and Regulatory Proceedings (Details) € in Millions, $ in Millions, ₩ in Billions					3 Months Ended			9 Months Ended
	Jul. 18, 2019 EUR (€)	Jan. 24, 2018 EUR (€)	Mar. 30, 2017 USD ($)	Mar. 30, 2017 KRW (₩)	Jun. 26, 2022 USD ($)	Jun. 30, 2019 USD ($)	Dec. 24, 2017 USD ($)	Jun. 26, 2022 USD ($)
Loss Contingencies [Line Items]
Loss Contingency Accrual					$ 0			$ 0
KFTC Complaint
Loss Contingencies [Line Items]
Loss contingency, loss in period			$ 927
KFTC Complaint | Korea (South), Won
Loss Contingencies [Line Items]
Loss contingency, loss in period | ₩				₩ 1,030
Icera Complaint to EC
Loss Contingencies [Line Items]
Loss contingency, loss in period						$ 275
Per annum interest rate for outstanding fines					1.50%			1.50%
Accrual for EC fine - other current liabilities					$ 266			$ 266
Icera Complaint to EC | Euro Member Countries, Euro
Loss Contingencies [Line Items]
Loss contingency, loss in period | €	€ 242
EC
Loss Contingencies [Line Items]
Loss contingency, loss in period							$ 1,200
Per annum interest rate for outstanding fines					1.50%			1.50%
Other Operating Income					$ 1,100			$ 1,100
Interest Expense, Other					$ 62			$ 62
EC | Euro Member Countries, Euro
Loss Contingencies [Line Items]
Loss contingency, loss in period | €		€ 997

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 26, 2022	Jun. 27, 2021	Jun. 26, 2022	Jun. 27, 2021
Segment Reporting Information [Line Items]
Revenues	$ 10,936	$ 8,060	$ 32,805	$ 24,230
Cost of revenues	(4,816)	(3,404)	(13,767)	(10,325)
Research and development expenses	(2,052)	(1,864)	(6,016)	(5,297)
Selling, general and administrative expenses	(655)	(597)	(1,887)	(1,721)
Other income	1,059	0	1,059	0
Interest expense	(70)	(138)	(345)	(421)
Investment and other (expense) income, net	(163)	200	(321)	523
EBT	4,239	2,257	11,528	6,989
Licensing Agreements
Segment Reporting Information [Line Items]
Revenues	0	54	0	54
Reconciling Items
Segment Reporting Information [Line Items]
Revenues	31	88	93	151
Cost of revenues	(76)	(73)	(182)	(220)
Research and development expenses	(408)	(505)	(1,294)	(1,325)
Selling, general and administrative expenses	(171)	(125)	(462)	(418)
Other income	1,059	0	1,059	0
Interest expense	(69)	(138)	(345)	(420)
Investment and other (expense) income, net	(58)	55	(68)	140
EBT	264	(747)	(1,314)	(2,236)
QCT
Segment Reporting Information [Line Items]
Revenues	9,378	6,472	27,773	19,287
EBT	2,996	1,795	9,450	5,299
QTL
Segment Reporting Information [Line Items]
Revenues	1,519	1,489	4,917	4,762
EBT	1,080	1,053	3,640	3,514
QSI
Segment Reporting Information [Line Items]
Revenues	8	11	22	30
EBT	(101)	156	(248)	412
Other Segments
Segment Reporting Information [Line Items]
Revenues	31	34	93	97
Other Segments | Reconciling Items
Segment Reporting Information [Line Items]
EBT	$ (13)	$ (15)	$ (22)	$ (47)

Acquisitions (Details)

Acquisitions (Details) $ in Millions				9 Months Ended
	Apr. 01, 2022 USD ($)	Oct. 04, 2021 USD ($)	Mar. 16, 2021 USD ($)	Jun. 26, 2022 USD ($) numberOfBusinesses	Sep. 26, 2021 USD ($)
Business Acquisition
Goodwill				$ 10,719	$ 7,246
NUVIA
Business Acquisition
Payments to Acquire Businesses, Net of Cash Acquired			$ 1,100
Cash			174
Fair value of stock awards assumed or replaced in connection with acquisition			$ 258
Share-based Compensation Arrangement by Share-based Payment Award, Award Requisite Service Period			4 years
Goodwill			$ 885
In-process research and development (IPR&D)			$ 247
Weighted average amortization period (years)			7 years
Veoneer
Business Acquisition
Cash	$ 31
Goodwill	3,016
In-process research and development (IPR&D)	$ 298
Weighted average amortization period (years)	9 years
Payments to acquire business including debt assumed	$ 4,700
Termination fee paid		$ 110
Investments in and Advances to Affiliates, at Fair Value, Gross Additions	300
Remaining advances to affiliates				150
Total purchase price	4,300
Current held for sale assets, net of costs to sell	667
Finite-Lived Intangibles	349
Noncurrent held for sale assets	916
Other assets	333
Total assets	5,610
Current held for sale liabilities	(677)
Convertible senior notes	(352)
Noncurrent held for sale liabilities	(128)
Other liabilities	(202)
Liabilities	(1,359)
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net	4,251
Business Acquisition, Goodwill, Expected Tax Deductible Amount	$ 471
In-Process Research and Development Estimated Useful Life Upon Completion	7 years
Veoneer | Remaining Payment
Business Acquisition
Payments to acquire business including debt assumed	$ 4,600
2022 Other Business Acquisitions [Member]
Business Acquisition
Payments to Acquire Businesses, Net of Cash Acquired				660
Goodwill				$ 527
Weighted average amortization period (years)				6 years
Finite-Lived Intangibles				$ 143
Number of Businesses Acquired | numberOfBusinesses				6

Fair Value Measurements Fair Va

Fair Value Measurements Fair Value Hierarchy (Details) - Fair Value, Recurring $ in Millions	Jun. 26, 2022 USD ($)
Assets
Cash equivalents	$ 1,104
Marketable securities	4,172
Derivative instruments	207
Other investments	658
Total assets measured at fair value	6,141
Liabilities
Derivative instruments	172
Other liabilities	643
Total liabilities measured at fair value	815
Level 1
Assets
Cash equivalents	882
Marketable securities	246
Derivative instruments	0
Other investments	642
Total assets measured at fair value	1,770
Liabilities
Derivative instruments	0
Other liabilities	642
Total liabilities measured at fair value	642
Level 2
Assets
Cash equivalents	222
Marketable securities	3,926
Derivative instruments	207
Other investments	0
Total assets measured at fair value	4,355
Liabilities
Derivative instruments	172
Other liabilities	0
Total liabilities measured at fair value	172
Level 3
Assets
Cash equivalents	0
Marketable securities	0
Derivative instruments	0
Other investments	16
Total assets measured at fair value	16
Liabilities
Derivative instruments	0
Other liabilities	1
Total liabilities measured at fair value	1
Corporate bonds and notes
Assets
Marketable securities	3,802
Corporate bonds and notes | Level 1
Assets
Marketable securities	0
Corporate bonds and notes | Level 2
Assets
Marketable securities	3,802
Corporate bonds and notes | Level 3
Assets
Marketable securities	0
Equity securities
Assets
Marketable securities	246
Equity securities | Level 1
Assets
Marketable securities	246
Equity securities | Level 2
Assets
Marketable securities	0
Equity securities | Level 3
Assets
Marketable securities	0
Mortgage- and asset-backed securities
Assets
Marketable securities	108
Mortgage- and asset-backed securities | Level 1
Assets
Marketable securities	0
Mortgage- and asset-backed securities | Level 2
Assets
Marketable securities	108
Mortgage- and asset-backed securities | Level 3
Assets
Marketable securities	0
U.S. Treasury and government-related Securities
Assets
Marketable securities	16
U.S. Treasury and government-related Securities | Level 1
Assets
Marketable securities	0
U.S. Treasury and government-related Securities | Level 2
Assets
Marketable securities	16
U.S. Treasury and government-related Securities | Level 3
Assets
Marketable securities	$ 0

Marketable Securities (Details)

Marketable Securities (Details) - USD ($) $ in Millions	Jun. 26, 2022	Sep. 26, 2021
Marketable Securities
Available-for-sale Securities, Current	$ 3,926	$ 4,616
Marketable securities	4,172	5,298
Less than one year	959
One to five years	2,859
No single maturity date	108
Debt Securities, Available-for-sale	3,926
Corporate bonds and notes
Marketable Securities
Available-for-sale Securities, Current	3,802	4,459
Mortgage- and asset-backed securities
Marketable Securities
Available-for-sale Securities, Current	108	147
U.S. Treasury and government-related Securities
Marketable Securities
Available-for-sale Securities, Current	16	10
Equity securities
Marketable Securities
Marketable securities	$ 246	$ 682