beatandraise : SEC Filings Research with AI

��ࡱ�>�� !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~�Root Entry��*��@Workbook��7SummaryInformation(��DocumentSummaryInformation8�� F��\psshxbrlB�a�= ��=�ZL,�8X@�"��1��Tahoma1��Tahoma1��Tahoma1��Tahoma1��Tahoma1��!Tahoma7"$"#,##0_);\( "$"#,##0\ )A"$"#,##0_);[Red]\( "$"#,##0\ )C"$"#,##0.00_);\( "$"#,##0.00\ )M$"$"#,##0.00_);[Red]\( "$"#,##0.00\ )q*6_("$"* #,##0_);_("$"* \( #,##0\ );_("$"* "-"_);_( @_ )_)-_(* #,##0_);_(* \( #,##0\ );_(* "-"_);_( @_ )�,>_("$"* #,##0.00_);_("$"* \( #,##0.00\ );_("$"* "-"??_);_( @_ )o+5_(* #,##0.00_);_(* \( #,##0.00\ );_(* "-"??_);_( @_ )#�$#,##0;($#,##0)� #,##0;(#,##0)/�$#,##0.##;($#,##0.##)�� A �� A �� A �� A �� A �� A �� A �� A �� A �� A �� A �� A �� A �� A � � �+�� A �)�� A �,�� A �*�� A � �� A � � �(� �*� �(� �� (� � � ��`�F�CONDENSED CONSOLIDATED BALANCE �F�PARENTHETICAL DISCLOSURES TO TH�FCONDENSED CONSOLIDATED STATEMEN�F�1_CONDENSED CONSOLIDATED STATEM�2TBasis of Presentation�6G!Fair Value Measurements�2:#Marketable Securities�F-%Composition of Certain Financia�*(Investment Income� *Income Taxes�0,Stockholders' Equity�B�-Commitments and Contingencies�.�/Segment Information�0�1Document Information�,04Entity Information��T�� -CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)In MillionsDec. 27, 2009 Sep. 27, 2009 Current assets:Cash and cash equivalentsMarketable securitiesAccounts receivable, netInventoriesDeferred tax assetsOther current assetsTotal current assets"Property, plant and equipment, netGoodwillOther intangible assets, netOther assetsTotal assetsCurrent liabilities:Trade accounts payable.Payroll and other benefits related liabilitiesUnearned revenuesIncome taxes payableOther current liabilitiesTotal current liabilitiesOther liabilitiesTotal liabilitiesStockholders' equity:�Preferred stock, $0.0001 par value; issuable in series; 8 shares authorized; none outstanding at December 27, 2009 and September 27, 2009�Common stock, $0.0001 par value; 6,000 shares authorized; 1,674 and 1,669 shares issued and outstanding at December 27, 2009 and September 27, 2009, respectivelyPaid-in capitalRetained earnings&Accumulated other comprehensive incomeTotal stockholders' equity*Total liabilities and stockholders' equityMPARENTHETICAL DISCLOSURES TO THE CONDENSED CONSOLIDATED BALANCE SHEET (USD $)Preferred stock, par value"Preferred stock, shares authorized#Preferred stock, shares outstandingCommon stock, par valueCommon stock, shares authorizedCommon stock, shares issued Common stock, shares outstanding6CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS (USD $)"In Millions, except Per Share data3 Months Ended Dec. 27, 2009 3 Months Ended Dec. 28, 2008 Revenues:Equipment and servicesLicensing and royalty feesTotal revenuesOperating expenses:'Cost of equipment and services revenuesResearch and development#Selling, general and administrativeTotal operating expensesOperating income&Investment income (loss), net (Note 5)Income before income taxesIncome tax expense Net incomeBasic earnings per common share!Diluted earnings per common share&Shares used in per share calculations:BasicDilutedDividends per share announced7CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)Operating Activities:QAdjustments to reconcile net income to net cash provided by operating activities:Depreciation and amortization*Revenues related to non-monetary exchanges&Non-cash portion of income tax expense4Non-cash portion of share-based compensation expense4Incremental tax benefit from stock options exercisedJNet realized (gains) losses on marketable securities and other investmentsDNet impairment losses on marketable securities and other investmentsOther items, netBChanges in assets and liabilities, net of effects of acquisitions:'Payroll, benefits and other liabilities)Net cash provided by operating activitiesInvesting Activities:Capital expenditures*Purchases of available-for-sale securities3Proceeds from sale of available-for-sale securities>Cash received for partial settlement of investment receivables8Other investments and acquisitions, net of cash acquired2Change in collateral held under securities lending%Net cash used by investing activitiesFinancing Activities:&Proceeds from issuance of common stock)Repurchase and retirement of common stockDividends paid-Change in obligation under securities lending%Net cash used by financing activities'Effect of exchange rate changes on cash)Net increase in cash and cash equivalents.Cash and cash equivalents at beginning of year(Cash and cash equivalents at end of yearBasis of Presentation-3 Months Ended Dec. 27, 2009 USD / shares (Notes to Financial Statements [Abstract]Note 1 - Basis of Presentation� Note 1 Basis of Presentation Financial Statement Preparation. The accompanying interim condensed consolidated financial statements have been prepared by QUALCOMM Incorporated (the Company), without audit, in accordance with the instructions to Form 10-Q and, therefore, do not necessarily include all information and footnotes necessary for a fair presentation of its consolidated financial position, results of operations and cash flows in accordance with accounting principles generally accepted in the United States. The condensed c< onsolidated balance sheet at September 27, 2009 was derived from the audited financial statements at that date but may not include all disclosures required by accounting principles generally accepted in the United States. The Company operates and reports using a 52-53 week fiscal year ending on the last Sunday in September. The three-month periods ended December 27, 2009 and December 28, 2008 both included 13 weeks. In the opinion of management, the unaudited financial information for the interim periods presented reflects all adjustments, which are only normal and recurring, necessary for a fair statement of results of operations, financial position and cash flows. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements included in the Companys Annual Report on Form 10-K for the fiscal year ended September 27, 2009. Operating results for interim periods are not necessarily indicative of operating results for an entire fiscal year. The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts and the disclosure of contingent amounts in the Companys 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. The Company has evaluated subsequent events through the date that the financial statements were issued on January 27, 2010. Revenue Recognition. Beginning in the first quarter of fiscal 2010, the Company elected to early adopt the Financial Accounting Standards Boards (FASB) amended accounting guidance for revenue recognition that (a) removes tangible products containing software components and non-software components that function together to deliver the products essential functionality from the scope of software revenue recognition guidance; and (b) eliminates the use of the residual method for arrangements with multiple deliverables and requires entities to allocate revenue using the relative selling price method. This new guidance applies to applicable transactions originating or materially modified after September 27, 2009. In the past, the Companys revenues resulting from tangible products that had been subject to software revenue recognition guidance or the application of the residual method have not been significant. The impact on equipment and services revenues that would have been reported during the three months ended December 27, 2009 if the prFair Value Measurements Note 2 - Fair Value Measurements� Note 2 Fair Value Measurements Fair value is defined as the exit price, or the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants as of the measurement date. There is an established hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. Observable inputs are inputs market participants would use in valuing the asset or liability and are developed based on market data obtained from sources independent of the Company. Unobservable inputs are inputs that reflect the Companys assumptions about the factors market participants would use in valuing the asset or liability. There are three levels of inputs that may be used to measure fair value: Level 1 includes financial instruments for which quoted market prices for identical instruments are available in active markets. Level 1 assets consist of money market funds, equity mutual and exchange-traded funds, equity securities and U.S. Treasury securities as they are traded in an active market with sufficient volume and frequency of transactions. Level 1 liabilities are associated with the Companys deferred incentive compensation plans. Level 2 includes financial instruments for which ther< e are inputs other than quoted prices included within Level 1 that are observable for the instrument. Level 2 assets and liabilities consist of certain marketable debt instruments and derivative contracts whose values are determined using inputs that are observable in the market or can be derived principally from or corroborated by observable market data. Marketable debt instruments in this category include government-related securities, corporate bonds and notes, preferred securities, certain mortgage- and asset-backed securities and certain non-investment-grade debt securities. Level 3 includes financial instruments for which fair value is derived from valuation techniques. Level 3 assets primarily consist of certain marketable debt instruments whose values are determined using inputs that are both unobservable and significant to the values of the instruments being measured, including marketable debt instruments that are priced using indicative prices that the Company is unable to corroborate with observable market quotes. Marketable debt instruments in this category include auction rate securities, certain subordinated mortgage- and asset-backed securities and certain non-investment-grade debt securities. Assets and liabilities are classified based on the lowest level of input that is significant to the fair value measurements. The Company reviews the fair value hierarchy classification on a quarterly basis. Changes in the observability of valuation inputs may result in a reclassification of levels for certain securities within the fair value hierarchy. The following table presents the Companys fair value hierarchy for assets and liabilities measured at fair value on a recurring basis as of December 27, 2009 (in millions): Level 1 Marketable SecuritiesNote 3 - Marketable Securities� Note 3 Marketable Securities Marketable securities were comprised as follows (in millions): Current Noncurrent December 27, 2009 September 27, 2009 December 27, 2009 September 27, 2009 Available-for-sale: U.S. Treasury securities and government-related securities $ 1,143 $ 1,407 $ - $ - Corporate bonds and notes 3,974 3,988 1,208 1,204 Mortgage- and asset-backed securities 734 821 39 36 Auction rate securities - - 177 174 Non-investment-grade debt securities 23 21 2,840 2,719 Equity securities 138 140 1,502 1,377 Equity mutual and exchange-traded funds - - 998 948 Debt mutual funds 2,492 1,975 - 215 $ 8,504 $ 8,352 $ 6,764 $ 6,673 As of December 27, 2009, the contractual maturities of available-for-sale debt securities were as follows (in millions): Years to Maturity No Single Less Than One Year One to Five Years Five to Ten Years Greater Than Ten Years Maturity Date Total $ 2,487 $ 4,295 $ 934 $ 525 $ 4,389 $ 12,630 Securities with no single maturity date included mortgage- and asset-backed securities, auction rate securities, non-investment-grade debt securities and debt mutual funds. The Company recorded realized gains and losses on sales of available-for-sale marketable securities as follows (in millions): For the three months ended Gross Realized Gains Gross Realized Losses Net Realized Gains (Losses) December 27, 2009 $ 107 $ (5 ) $ 102 December 28, 2008 21 (54 ) (33 ) Available-for-sale securities were comprised as follows (in millions): Cost Unrealized Gains Unrealized Losses Fair Value December 27, 2009 Equity securities $ 2,291 $ 406 $ (59 ) $ 2,638 Debt securities 12,118 545 (33 ) 12,630 $ 14,409 $ 951 $ (92 ) $ 15,2< 68 September 27, 2009 Equity securities $ 2,282 $ 340 $ (157 ) $ 2,465 Debt securities 12,069 530 (39 ) 12,560 $ 14,351 $ 870 $ (196 ) $ 15,025 The following table shows the gross unrealized losses and fair values of the Companys investments in individual securities that 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 27, 2009 Less than 12 months More than 12 months Fair Value Unrealized Losses Fair Value Unrealized Losses Corporate bonds and notes $ 425 $ (2 ) $ 124 $ (2 ) Mortgage- and asset-backed securities 90 (1 ) 18 (1 ) Auction rate securities - 0Composition of Certain Financial Statement Items9Note 4 - Composition of Certain Financial Statement Items� Note 4 Composition of Certain Financial Statement Items Accounts Receivable. December 27, 2009 September 27, 2009 (In millions) Trade, net of allowances for doubtful accounts of $3 and $4, respectively $ 551 $ 639 Long-term contracts 37 38 Other 28 23 $ 616 $ 700 Inventories. December 27, 2009 September 27, 2009 (In millions) Raw materials $ 14 $ 15 Work-in-process 148 199 Finished goods 188 239 $ 350 $ 453 Property, Plant and Equipment. December 27, 2009 September 27, 2009 (In millions) Land $ 187 $ 187 Buildings and improvements 1,389 1,364 Computer equipment and software 1,064 1,022 Machinery and equipment 1,560 1,535 Furniture and office equipment 66 65 Leasehold improvements 226 219 Construction in progress 81 76 4,573 4,468 Less accumulated depreciation and amortization (2,189 ) (2,081 ) $ 2,384 $ 2,387 The gross book values of property under capital leases included in buildings and improvements totaled $201 million and $190 million at December 27, 2009 and September 27, 2009, respectively. Capital lease additions were $11 million and $16 million during the three months ended December 27, 2009 and December 28, 2008, respectively. Intangible Assets. Gross technology-based intangible assets increased by $132 million during the first quarter of fiscal 2010. The increase was primarily due to certain patents assigned to the Company pursuant to a license agreement entered into in the first quarter of fiscal 2010. The estimated fair value of these patents was determined using an income approach based on projected cash flows, on a discounted basis, over the assigned patents estimated useful life of approximately 16 years. The estimated fair value of such patents is being amortized on a straight-line basis over this useful life, beginning from the date the patents were assigned to the Company. Other Current Liabilities. December 27, September 27, 2009 2009 (In millions) Customer-related liabilities, including incentives, rebates and other reserves $ 479 $ 461 Current portion of payable to Broadcom for litigation settlement 170 170 Accrued liability to KFTC (Note 8) 232 230 Payable for unsettled securities trades 16 101 Other 226 265 $ 1,123 $ 1,227 Accounts Receivable) Accounts Receivable. December 27, 2009 September 27, 2009 (In millions) Trade, net of allowances for doubtful accounts of $3 and $4, respectively $ 551 $ 639 Long-term contracts 37 38 Other 28 23 $ 616 $ 700 � Inventories. Dec< ember 27, 2009 September 27, 2009 (In millions) Raw materials $ 14 $ 15 Work-in-process 148 199 Finished goods 188 239 $ 350 $ 453 Property, Plant and Equipment� Property, Plant and Equipment. December 27, 2009 September 27, 2009 (In millions) Land $ 187 $ 187 Buildings and improvements 1,389 1,364 Computer equipment and software 1,064 1,022 Machinery and equipment 1,560 1,535 Furniture and office equipment 66 65 Leasehold improvements 226 219 Construction in progress 81 76 4,573 4,468 Less accumulated depreciation and amortization (2,189 ) (2,081 ) $ 2,384 $ 2,387 The gross book values of property under capital leases included in buildings and improvements totaled $201 million and $190 million at December 27, 2009 and September 27, 2009, respectively. Capital lease additions were $11 million and $16 million during the three months ended December 27, 2009 and December 28, 2008, respectively. Intangible Assets� Intangible Assets. Gross technology-based intangible assets increased by $132 million during the first quarter of fiscal 2010. The increase was primarily due to certain patents assigned to the Company pursuant to a license agreement entered into in the first quarter of fiscal 2010. The estimated fair value of these patents was determined using an income approach based on projected cash flows, on a discounted basis, over the assigned patents estimated useful life of approximately 16 years. The estimated fair value of such patents is being amortized on a straight-line basis over this useful life, beginning from the date the patents were assigned to the Company. Other Current Liabilities� Other Current Liabilities. December 27, September 27, 2009 2009 (In millions) Customer-related liabilities, including incentives, rebates and other reserves $ 479 $ 461 Current portion of payable to Broadcom for litigation settlement 170 170 Accrued liability to KFTC (Note 8) 232 230 Payable for unsettled securities trades 16 101 Other 226 265 $ 1,123 $ 1,227 Investment Income (Loss), Net&Note 5 - Investment Income (Loss), Net] Note 5 Investment Income (Loss), Net Three Months Ended December 27, December 28, 2009 2008 (In millions) Interest and dividend income $ 145 $ 135 Interest expense (9 ) (3 ) Net realized gains (losses) on marketable securities 102 (33 ) Impairment losses on marketable securities (52 ) (388 ) Impairment losses on other investments (5 ) (4 ) Losses on derivative instruments (4 ) - Equity in losses of investees (4 ) (1 ) $ 173 $ (294 ) Income TaxesNote 6 - Income Taxes� Note 6 Income Taxes The Company currently estimates its annual effective income tax rate to be approximately 21% for fiscal 2010, compared to the 23% effective income tax rate in fiscal 2009. The United States federal research and development credit expired on December 31, 2009. Therefore, the annual effective tax rate for fiscal 2010 only reflects federal research and development credits generated through December 31, 2009. The annual effective tax rate also includes tax expense of approximately $130 million that arises because deferred revenue related to the Companys 2008 license and settlement agreements with Nokia is taxable in fiscal 2010, but the resulting deferred tax asset will reverse in future years when the Companys state tax rate will be lower as a result of California tax legislation enacted in 2009. The estimated annual effective tax rate for fiscal 2010 of 21% is less than the United States federal statutory rate primarily due to benefits of approxima< tely 22% related to foreign earnings taxed at less than the United States federal rate, partially offset by state taxes of approximately 5% and approximately 4% related to deferred revenue that is taxable in fiscal 2010, but for which the resulting deferred tax asset will reverse in future years when the Companys state tax rate will be lower. The prior fiscal year rate was lower than the United States federal statutory rate primarily due to benefits related to foreign earnings taxed at less than the United States federal rate, adjustments to prior year estimates of uncertain tax positions as a result of tax audits during the year and the generation of research and development credits, partially offset by an increase in the valuation allowance related to capital losses, the revaluation of deferred items and state taxes. The Company files income tax returns in the United States and various state and foreign jurisdictions. The United States income tax return for fiscal 2008 is being examined by the Internal Revenue Service (IRS). This examination is expected to be completed during the third quarter of fiscal 2010. The Company is participating in the IRS Compliance Assurance Program, whereby the IRS and the Company endeavor to agree on the treatment of all issues in the fiscal 2009 tax return prior to the return being filed. The Company will also participate in the IRS Compliance Assurance Program for fiscal 2010. Due to the anticipated resolution of the United States federal examinations within the next twelve months, it is reasonably possible that the Companys unrecognized tax benefits will decrease significantly as a result of their resolution via an adjustment by the taxing authority or recognition in the income tax provision. We consider the operating earnings of certain non-United States subsidiaries to be invested indefinitely outside the United States based on estimates that future domestic cash generation will be sufficient to meet future domestic cash needs. No provision has been made for United States federal and state, or foreign taxes that may result from future remittances of undistributed earnings of foreign subsidiaries, the cumulative amount of which is Stockholders' Equity&9/28/2009 - 12/27/2009 USD / shares Note 7 - Stockholders' Equity� Note 7 Stockholders Equity Changes in stockholders equity for the three months ended December 27, 2009 were as follows (in millions): Balance at September 27, 2009 $ 20,316 Net income 841 Other comprehensive income 156 Net proceeds from the issuance of common stock 166 Share-based compensation 152 Tax benefit from exercise of stock options 4 Dividends (284 ) Other 2 Balance at December 27, 2009 $ 21,353 Stock Repurchase Program. The Company did not repurchase any shares during the three months ended December 27, 2009. During the three months ended December 28, 2008, the Company repurchased and retired 8,920,000 shares of the Companys common stock for $284 million, before commissions. At December 27, 2009, approximately $1.7 billion remained authorized for repurchase under the Companys stock repurchase program. The stock repurchase program has no expiration date. Dividends. Cash dividends announced in the three months ended December 27, 2009 and December 28, 2008 were $0.17 and $0.16 per share, respectively. During the three months ended December 27, 2009 and December 28, 2008, dividends charged to retained earnings were $284 million and $264 million, respectively. On January 7, 2010, the Company announced a cash dividend of $0.17 per share on the Companys common stock, payable on March 26, 2010 to stockholders of record as of February 26, 2010, which will be recorded in the second fiscal quarter. Commitments and Contingencies&Note 8 - Commitments and Contingencies� Note 8 Commitments and Contingencies Litigation. European Commission Complaint: On October 28, 2005, it was reported that six companies (Broadcom, Nokia, Texas Instruments, NEC, Panasonic and Ericsson) filed comp< laints with the European Commission (EC), alleging that the Company violated European Union competition law in its WCDMA licensing practices. On December 22, 2009, the EC officially informed the Company that all complainants had withdrawn their complaints and the EC had closed its proceedings against the Company. Tessera, Inc. v. QUALCOMM Incorporated: On April 17, 2007, Tessera filed a patent infringement lawsuit in the United States District Court for the Eastern Division of Texas and a complaint with the United States International Trade Commission (ITC) pursuant to Section 337 of the Tariff Act of 1930 against the Company and other companies, alleging infringement of two patents relating to semiconductor packaging structures and seeking monetary damages and injunctive and other relief. The District Court action is stayed pending resolution of the ITC proceeding, including appeals. The U.S. Patent and Trademark Offices (USPTO) Central Reexamination Unit has issued office actions rejecting all of the asserted patent claims on the grounds that they are invalid in view of certain prior art and has made these rejections final. Tessera has appealed the rejections to the Board of Appeals and Interferences. On December 1, 2008, the Administrative Law Judge (ALJ) ruled that the patents are valid but not infringed. On May 20, 2009, however, the ITC reversed the ALJs determination that the patents were not infringed, and it issued the following remedial orders: (1) a limited exclusion order that bans the Company and the other named respondents from importing into the United States the accused chip packages (except to the extent those products are licensed) and (2) a cease and desist order that prohibits the Company from engaging in certain domestic activities respecting those products. The President declined to review the decision. The Company and other respondents have appealed. The ITC and the appeals court declined to stay the ITCs decision pending appeal. The Company has shifted supply of accused chips for the United States market to a licensed supplier, Amkor. A licensed source of supply permits the Company to continue to supply the United States market without interruption. The subject patents expire on September 24, 2010, at which time the ITC orders will cease to be operative. Korea Fair Trade Commission Complaint: Two U.S. companies (Texas Instruments and Broadcom) and two South Korean companies (Nextreaming and Thin Multimedia) filed complaints with the Korea Fair Trade Commission (KFTC) alleging that certain of the Companys business practices violate South Korean antitrust regulations. As a result of its agreement with the Company, Broadcom withdrew its complaint to the KFTC in May 2009. After a hearing, the KFTC announced its ruling via press release in July 2009. On January 4, 2010, the KFTC issued its written decision, explaining its ruling that the Company violated South Korean law by offering certain discounts and Segment InformationNote 9 - Segment Information� Note 9 Segment Information The Company is organized on the basis of products and services. The Company aggregates four of its divisions into the Qualcomm Wireless Internet segment. Reportable segments are as follows: Qualcomm CDMA Technologies (QCT) develops and supplies integrated circuits and system software for wireless voice and data communications, multimedia functions and global positioning system products based on its CDMA technology and other technologies; Qualcomm Technology Licensing (QTL) grants licenses to use portions of the Companys intellectual property portfolio, which includes certain patent rights essential to and/or useful in the manufacture and sale of certain wireless products, including, without limitation, products implementing cdmaOne, CDMA2000, WCDMA, CDMA TDD (including TD-SCDMA), GSM/GPRS/EDGE and/or OFDMA standards and their derivatives, and collects license fees and royalties in partial consideration for such licenses; Qualcomm Wireless Internet (QWI) comprised of: o Qualcomm Internet Services (QIS<�) provides content enablement services for the wireless industry and push-to-talk and other products and services for wireless network operators; o Qualcomm Government Technologies (QGOV) provides development, hardware and analytical expertise to United States government agencies involving wireless communications technologies; o Qualcomm Enterprise Services (QES) provides satellite- and terrestrial-based two-way data messaging, position reporting, wireless application services and managed data services to transportation and logistics companies and other enterprise companies; and o Firethorn builds and manages software applications that enable financial institutions and wireless operators to offer mobile commerce services. Qualcomm Strategic Initiatives (QSI) manages the Companys strategic investment activities, including FLO TV Incorporated (FLO TV), the Companys wholly-owned wireless multimedia operator subsidiary. QSI makes strategic investments in companies thatthe Companybelieves will open new markets for CDMA technology, support the design and introduction of new CDMA-based products or possess unique capabilities or technology. The Company evaluates the performance of its segments based on earnings (loss) before income taxes (EBT). 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 the Companys management reports because they are not considered in evaluating the segments operating performance. Unallocated income and charges include certain investment income (loss), certain share-based compensation and certain research and development expenses and marketing expenses that were not deemed to be directly related to the businesses of the segments. The table below presents revenues and EBT for reportable segments (in millions): QCT QTL QWI QSI ReconcilingItems Total For the three months ended: DDocument Information!Document Information [Text Block] Document Type10-QAmendment FlagfalseDocument Period End Date 2009-12-27Entity Information (USD $)Jan. 25, 2010 Mar. 29, 2009 Entity [Text Block]Entity Registrant NameQUALCOMM INC/DEEntity Central Index Key 0000804328Current Fiscal Year End Date--09-26!Entity Well-known Seasoned IssuerYesEntity Voluntary FilersNoEntity Current Reporting StatusEntity Filer CategoryLarge Accelerated FilerEntity Public Float'Entity Common Stock, Shares Outstanding��5� z��yP��C ;�� Z��?!�#�=&DA��p��@�z�� F��#D 4 d��MbP?_*+��%��" dFXX�?�?U}�<}�}�$ #�� @:�@� ��@P�@� �@�@��@� ��u@P|@� ��h@�b@� ��n@�h@� � ��@��@� � l�@�@� �x�@X�@� ��@��@� � H�@P�@� ��@�@� ��z@�y@� ��9�@@��@� � ��y@��@� �x@~@� ��@�{@� ��|@=@� ��@,�@� ��@��@� �~�@�@� �؉@��@� �~�@ٻ@� � �� 8�@��@� ��@��@�D�l*$$$$$$$$$$$$$$$$$$$$$$$$$$ �!�"�� @�@`�@� ! �!@��@��@� "!�"�9�@@��@� �($$>�@�dd�7 F�� d��MbP?_*+��%��" dFXX�?�?U}�<}�}�$ �� "� � � � #-C��6?-C��6?� $� @ @� %�� &-C��6?-C��6?� '�p�@p�@� (�(�@�@� )� (�@�@�"�&2$$2$$>�@�dd�7 F�� d��MbP?_*+��%��" dFXX�?�?U}�<}�}�$ �� *� +� ,� -� .� /��@<�@� 0�x�@�@� 1�ܤ@��@� 2� 3��@��@� 4��@��@� 5� �w@�y@� 6� ��@��@� 7�x�@H�@� 8��e@`r�� 9� p�@0|@� :�`j��[�� ;�H�@Pu@� <��?5@� =��?4@� >� ?� �@ԙ@� @�l�@�@� A�1@0@�0~�*$$$$$$$$$$$$$$$$>�@�dd�7 F��*�� d��MbP?_*+��%��" dFXX�?�?U}�<}�}�$ *�� B� � ,� -� C� ;�H�@Pu@� D� E�@d@c@� F��B�=�� G�@@�F@� H��b@ b@� I� *�0�� J� �Y��@@� K��L@�x@� L�@,�� M� ��U@8�@� �@Y@@P@� �@�3�� @l�h�� N�_�K�� u@P�� O�\�@Z�@� P� Q�V�@m�� R�d��4�� S�t�@t�@� T� @@i@� U��,�� V�@d@� L�� W��e�4�� X� Y�c@:@�D�l*$$$$$$$$$$$$$$$$$$$$$$$$ �!�"�#�$�%�&�'�(�)�� I� *@0@� !Z�!�q�� "[�"�q�� #\�#@d�� $L�$�� %]�%^�`y�� &^�&� �� '_�'x�@�@� (`�(:�@��@� )a�)��@�@�0�$$$$$$$$$>�@�dd�7 F�� d��MbP?_*+��%��" dFXX�?�?U}�<}�}�$ �� b� c� d� e� f��<>�@�dd�7 F��" d��MbP?_*+��%��" dFXX�?�?U}�<}�}�$ �� g� c� d� h� i��<>�@�dd�7 F��$ d��MbP?_*+��%��" dFXX�?�?U}�<}�}�$ �� j� c� d� k� l��<>�@�dd�7 F�� ' d��MbP?_*+��%��" dFXX�?�?U}�<}�}�$ �� m� c� d� n� o� p� q� � r� s� t� u� v� w� x��>�@�dd�7 F��) d��MbP?_*+��%��" dFXX�?�?U}�<}�}�$ �� y� c� d� z� {��<>�@�dd�7 F��+ d��MbP?_*+��%��" dFXX�?�?U}�<}�}�$ �� |� c� d� }� ~��<>�@�dd�7 F��- d��MbP?_*+��%��" dFXX�?�?U}�<}�}�$ �� d� �� <>�@�dd�7 F��/ d��MbP?_*+��%��" dFXX�?�?U}�<}�}�$ �� c� d� �� <>�@�dd�7 F��1 d��MbP?_*+��%��" dFXX�?�?U}�<}�}�$ �� c� d� �� <>�@�dd�7 F��3 d��MbP?_*+��%��" dFXX�?�?U}�<}�}�$ �� c� �� d>�@�dd�7 F��x7 d��MbP?_*+��%��" dFXX�?�?U}�<}�}�$ �� ,� �� D}-B� �� A�D�4 >�@�dd�7 ��Oh��+'��0P(�08� sshxbrl��՜.��+,��D��՜.��+,��l(� � 4 $�,�