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[ "The following table provides a summary of our long-term debt and current portion of long-term debt: September 24, 2023 September 25, 2022 Maturities Amount (in millions) Effective Rate Maturities Amount (in millions) Effective Rate May 2015 Notes 2025 - 2045 $ 3,865 3.46% - 4.73% 2025 - 2045 $ 3,865 3.46% - 4.73% May 2017 Notes 2024 - 2047 4,414 3.00% - 4.45% 2023 - 2047 5,860 2.68% - 4.46% May 2020 Notes 2030 - 2050 2,000 3.22% - 3.30% 2030 - 2050 2,000 2.97% - 3.30% August 2020 Notes 2028 - 2032 2,207 2.65% - 3.89% 2028 - 2032 2,207 2.50% - 3.52% May 2022 Notes 2032 - 2052 1,500 3.15% - 4.27% 2032 - 2052 1,500 3.13% - 4.26% November 2022 Notes 2033 - 2053 1,900 3.47% - 5.02% — Total principal 15,886 15,432 Unamortized discount, including debt issuance costs (238) (241) Hedge accounting adjustments (250) (208) Total long-term debt $ 15,398 $ 14,983 Reported as: Short-term debt $ 914 $ 1,446 Long-term debt 14,484 13,537 Total $ 15,398 $ 14,983" ]

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[ "Ticker: QCOM; CIK: 0000804328; Filing Date: 20230924; Filing Year: September 24, 2023; Company Name: QUALCOMM INC/DE\n\nSection: FORM 10-K\nSub-section: QUALCOMM IncorporatedNOTES TO CONSOLIDATED FINANCIAL STATEMENTS\nNote 6. Debt\n\nReported as:,,,,,,,,,,,\nShort-term debt,,,,$914,,,,,,,,$1,446,,,\nLong-term debt,,,14,484,,,,,,,13,537,,,\nTotal,,,,$15,398,,,,,,,,$14,983,,,\nAt September 24, 2023, future principal payments were $914 million in fiscal 2024, $1.4 billion in fiscal 2025, $2.0 billion in fiscal 2027, $961 million in fiscal 2028 and $10.6 billion after fiscal 2028; no principal payments are due in fiscal 2026. At September 24, 2023, the aggregate fair value of the notes, based on Level 2 inputs, was approximately $14.3 billion.\nAt September 24, 2023, all of our outstanding long-term debt is comprised of unsecured fixed-rate notes. We may redeem the outstanding fixed-rate notes at any time in whole, or from time to time in part, at specified make-whole premiums as defined in the applicable form of note. The obligations under the notes rank equally in right of payment with all of our other senior unsecured indebtedness and will effectively rank junior to all liabilities of our subsidiaries.\nThe effective interest rates for the notes include the interest on the notes, amortization of the discount, which includes debt issuance costs, and if applicable, adjustments related to hedging. Interest is payable in arrears semi-annually for the notes. Cash interest paid related to our commercial paper program and long-term debt was $614 million, $491 million and $477 million during fiscal 2023, 2022 and 2021, respectively.\n*Interest Rate Swaps. *At September 25, 2022, we had outstanding forward-starting interest rate swaps with an aggregate notional amount of $1.6 billion. During the first quarter of fiscal 2023, in connection with the issuance of the November 2022 Notes, we terminated these swaps, and the related gains of $334 million, included within accumulated comprehensive income, are being recorded as a reduction to interest expense over the hedged portions of the related debt.\nAt September 24, 2023 and September 25, 2022, we had outstanding interest rate swaps with an aggregate notional amount of $2.1 billion 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.", "Ticker: QCOM; CIK: 0000804328; Filing Date: 20230924; Filing Year: September 24, 2023; Company Name: QUALCOMM INC/DE\n\nSection: FORM 10-K\nSub-section: QUALCOMM IncorporatedNOTES TO CONSOLIDATED FINANCIAL STATEMENTS\nNote 6. Debt\n\n*Long-term Debt. *In November 2022, we issued unsecured fixed-rate notes, consisting of $700 million of fixed-rate 5.40% notes and $1.2 billion of fixed-rate 6.00% notes (collectively, November 2022 Notes) that mature on May 20, 2033 and May 20, 2053, respectively. The net proceeds from the November 2022 Notes were used to repay $946 million of fixed-rate notes and $500 million of floating-rate notes that matured in January 2023 and the excess was used for general corporate purposes.\nThe following table provides a summary of our long-term debt and current portion of long-term debt:\n,September 24, 2023,,September 25, 2022\n,Maturities,,Amount(in millions),,Effective Rate,,Maturities,,Amount(in millions),,Effective Rate\nMay 2015 Notes,2025 - 2045,,,$3,865,,,3.46% - 4.73%,,2025 - 2045,,,$3,865,,,3.46% - 4.73%\nMay 2017 Notes,2024 - 2047,,4,414,,,3.00% - 4.45%,,2023 - 2047,,5,860,,,2.68% - 4.46%\nMay 2020 Notes,2030 - 2050,,2,000,,,3.22% - 3.30%,,2030 - 2050,,2,000,,,2.97% - 3.30%\nAugust 2020 Notes,2028 - 2032,,2,207,,,2.65% - 3.89%,,2028 - 2032,,2,207,,,2.50% - 3.52%\nMay 2022 Notes,2032 - 2052,,1,500,,,3.15% - 4.27%,,2032 - 2052,,1,500,,,3.13% - 4.26%\nNovember 2022 Notes,2033 - 2053,,1,900,,,3.47% - 5.02%,,,,—,,,\nTotal principal,,,15,886,,,,,,,15,432,,,\nUnamortized discount, including debt issuance costs,,(238),,,,,,,(241),,,\nHedge accounting adjustments,,(250),,,,,,,(208),,,\nTotal long-term debt,,,,$15,398,,,,,,,,$14,983,,,", "Ticker: QCOM; CIK: 0000804328; Filing Date: 20230924; Filing Year: September 24, 2023; Company Name: QUALCOMM INC/DE\n\nSection: FORM 10-K\nSub-section: Debt and Interest Rate Swap Agreements\n\n*Interest Rate Risk.* At September 25, 2022, we had an aggregate principal amount of $500 million in unsecured floating-rate notes that matured in January 2023. At September 24, 2023, all of our debt was comprised of unsecured fixed-rate notes. From time to time, we issue commercial paper for which our exposure to interest rate risk is negligible based on the original maturities of approximately three months or less.\nWe manage our exposure to certain interest rate risks related to our long-term debt through the use of interest rate swaps. We enter into these agreements 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 September 24, 2023 and September 25, 2022, we had an aggregate notional amount of $2.1 billion in interest rate swaps that are designated as fair value hedges to effectively convert certain fixed-rate interest payments into floating-rate payments on our outstanding debt. At September 24, 2023 and September 25, 2022, a hypothetical increase in interest rates of 100 basis points would not cause a loss as an increase in interest expense related to these interest rate swaps agreements would be offset by an increase in interest income from our cash equivalents and marketable securities portfolio.\nAt September 25, 2022, we had outstanding forward-starting interest rate swaps with an aggregate notional amount of $1.6 billion to hedge the variability of forecasted interest payments on anticipated debt issuances. During the first quarter of fiscal 2023, in connection with our debt issuance in November 2022, we terminated these swaps.", "Ticker: QCOM; CIK: 0000804328; Filing Date: 20230924; Filing Year: September 24, 2023; Company Name: QUALCOMM INC/DE\n\nSection: FORM 10-K\nSub-section: Liquidity and Capital Resources\n\n*Debt.* In the first quarter of fiscal 2023, we issued unsecured fixed-rate notes, consisting of $700 million of fixed-rate 5.40% notes and $1.2 billion of fixed-rate 6.00% notes (collectively, November 2022 Notes) that mature on May 20, 2033 and May 20, 2053, respectively. The net proceeds from the November 2022 Notes were used to repay $946 million of fixed-rate notes and $500 million of floating-rate notes that matured in January 2023 and the excess was used for general corporate purposes. At September 24, 2023, we had $15.9 billion of principal fixed-rate notes outstanding, $914 million of which matures in May 2024. The remaining debt has maturity dates in 2025 through 2053.\nWe have an unsecured commercial paper program, which provides for the issuance of up to $4.5 billion of commercial paper. Net proceeds from this program are used for general corporate purposes. At September 24, 2023, we had no amounts of commercial paper outstanding. We also have a Revolving Credit Facility, which provides for unsecured revolving facility loans, swing line loans and letters of credit in an aggregate amount of up to $4.3 billion, which expires on December 8, 2025. At September 24, 2023, no amounts were outstanding under the Revolving Credit Facility.\nWe expect to issue new debt in the future. The amount and timing of any such new debt will depend on a number of factors, including but not limited to maturities of our existing debt, acquisitions and strategic investments, favorable and/or acceptable interest rates and changes in corporate income tax law. Additional information regarding our outstanding debt at September 24, 2023 is provided in this Annual Report in “Notes to Consolidated Financial Statements, Note 6. Debt.”", "Ticker: QCOM; CIK: 0000804328; Filing Date: 20230924; Filing Year: September 24, 2023; Company Name: QUALCOMM INC/DE\n\nSection: FORM 10-K\nSub-section: QUALCOMM Incorporated\nCONSOLIDATED STATEMENTS OF CASH FLOWS\n(In millions)\n\nNet cash provided (used) by investing activities,762,,,(5,804),,,(3,356),\nFinancing Activities:,,,,,\nProceeds from short-term debt,5,068,,,7,000,,,2,886,\nRepayment of short-term debt,(5,566),,,(7,003),,,(2,885),\nRepayment of debt of acquired company,—,,,(349),,,—,\nProceeds from long-term debt,1,880,,,1,477,,,—,\nRepayment of long-term debt,(1,446),,,(1,540),,,—,\nProceeds from issuance of common stock,434,,,356,,,347,\nRepurchases and retirements of common stock,(2,973),,,(3,129),,,(3,366),\nDividends paid,(3,462),,,(3,212),,,(3,008),\nPayments of tax withholdings related to vesting of share-based awards,(521),,,(766),,,(737),\nOther items, net,(19),,,(34),,,(35),\nNet cash (used) provided by financing activities from discontinued operations,(58),,,4,,,—,\nNet cash used by financing activities,(6,663),,,(7,196),,,(6,798),\nEffect of exchange rate changes on cash and cash equivalents,30,,,(113),,,27,\nNet increase (decrease) in total cash and cash equivalents,5,428,,,(4,017),,,409,\nTotal cash and cash equivalents at beginning of period (including $326 classified as held for sale at September 25, 2022),3,099,,,7,116,,,6,707,\nTotal cash and cash equivalents at end of period (including $77 and $326 classified as held for sale at September 24, 2023 and September 25, 2022, respectively),,$8,527,,,,$3,099,,,,$7,116,\nSee accompanying notes.\nF-", "Ticker: QCOM; CIK: 0000804328; Filing Date: 20230924; Filing Year: September 24, 2023; Company Name: QUALCOMM INC/DE\n\nSection: FORM 10-K\nSub-section: QUALCOMM Incorporated\nCONSOLIDATED BALANCE SHEETS\n(In millions, except par value amounts)\n\n,September 24,2023,,September 25,2022\nASSETS\nCurrent assets:,,,\nCash and cash equivalents,,$8,450,,,,$2,773,\nMarketable securities,2,874,,,3,609,\nAccounts receivable, net,3,183,,,5,643,\nInventories,6,422,,,6,341,\nHeld for sale assets,341,,,733,\nOther current assets,1,194,,,1,625,\nTotal current assets,22,464,,,20,724,\nDeferred tax assets,3,310,,,1,803,\nProperty, plant and equipment, net,5,042,,,5,168,\nGoodwill,10,642,,,10,508,\nOther intangible assets, net,1,408,,,1,882,\nHeld for sale assets,88,,,1,200,\nOther assets,8,086,,,7,729,\nTotal assets,,$51,040,,,,$49,014,\nLIABILITIES AND STOCKHOLDERS’ EQUITY\nCurrent liabilities:,,,\nTrade accounts payable,,$1,912,,,,$3,796,\nPayroll and other benefits related liabilities,1,685,,,1,486,\nUnearned revenues,293,,,369,\nShort-term debt,914,,,1,945,\nHeld for sale liabilities,333,,,581,\nOther current liabilities,4,491,,,3,689,\nTotal current liabilities,9,628,,,11,866,\nUnearned revenues,99,,,144,\nIncome taxes payable,1,080,,,1,472,\nLong-term debt,14,484,,,13,537,\nHeld for sale liabilities,38,,,119,\nOther liabilities,4,130,,,3,863,\nTotal liabilities,29,459,,,31,001,\nCommitments and contingencies (Note 7),,,\nStockholders’ equity:,,,\nPreferred stock, $0.0001 par value; 8 shares authorized; none outstanding,—,,,—,\nCommon stock and paid-in capital, $0.0001 par value; 6,000 shares authorized; 1,114 and 1,121 shares issued and outstanding, respectively,490,,,195,\nRetained earnings,20,733,,,17,840,\nAccumulated other comprehensive income (loss),358,,,(22),", "Ticker: QCOM; CIK: 0000804328; Filing Date: 20230924; Filing Year: September 24, 2023; Company Name: QUALCOMM INC/DE\n\nSection: FORM 10-K\nSub-section: QUALCOMM IncorporatedNOTES TO CONSOLIDATED FINANCIAL STATEMENTS\nNote 6. Debt\n\n*Commercial Paper Program***.** We have an unsecured commercial paper program, which provides for the issuance of up to $4.5 billion. Net proceeds from this program are for general corporate purposes. Maturities of commercial paper can range from 1 to up to 397 days. At September 24, 2023 and September 25, 2022, we had no amounts and $499 million, respectively, of outstanding commercial paper recorded as short-term debt. At September 25, 2022, the weighted-average interest rate was 2.69%, which included fees paid to the commercial paper dealers, and the weighted-average remaining days to maturity was 27 days.\n*Revolving Credit Facility. *We have a Revolving Credit Facility that provides for unsecured revolving facility loans, swing line loans and letters of credit in an aggregate amount of up to $4.3 billion, which expires on December 8, 2025. At September 24, 2023 and September 25, 2022, no amounts were outstanding under the Revolving Credit Facility.\nF-", "Ticker: QCOM; CIK: 0000804328; Filing Date: 20230924; Filing Year: September 24, 2023; Company Name: QUALCOMM INC/DE\n\nSection: FORM 10-K\nSub-section: GENERAL RISK FACTORS\nSub-subsection: There are risks associated with our debt.\n\nOur outstanding debt and any additional debt we incur may have negative consequences on our business, including, among others: requiring us to use cash to pay the principal of and interest on our debt, thereby reducing the amount of cash available for other purposes; limiting our ability to obtain additional financing for working capital, capital expenditures, acquisitions, stock repurchases, dividends, general corporate or other purposes; and limiting our flexibility in planning for, or reacting to, changes in our business, industries or the market. Our ability to make payments of principal and interest on our debt depends upon our future performance, which is subject to economic and political conditions, industry cycles and financial, business and other factors, many of which are beyond our control. If we are unable to generate sufficient cash flow from operations to service our debt, we may be required to, among others: refinance or restructure all or a portion of our debt; reduce or delay planned capital or operating expenditures; reduce, suspend or eliminate our dividend payments and/or our stock repurchase program; or sell selected assets. Such measures might not be sufficient to enable us to service our debt. In\naddition, any such refinancing, restructuring or sale of assets might not be available on economically favorable terms or at all, and if prevailing interest rates at the time of any such refinancing or restructuring are higher than our current rates, interest expense related to such refinancing or restructuring would increase. Further, if there are adverse changes in the ratings assigned to our debt securities by credit rating agencies, our borrowing costs, our ability to access debt financing in the future and the terms of such debt could be adversely affected.", "Ticker: QCOM; CIK: 0000804328; Filing Date: 20230924; Filing Year: September 24, 2023; Company Name: QUALCOMM INC/DE\n\nSection: FORM 10-K\nSub-section: QUALCOMM IncorporatedNOTES TO CONSOLIDATED FINANCIAL STATEMENTS\n\nFrom time to time, we also enter into forward-starting interest rate swaps to hedge the variability of forecasted interest payments on certain anticipated debt issuances. These swaps are designated as cash flow hedges of forecasted transactions. The gains and losses arising from such contracts are recorded as a component in accumulated other comprehensive income (loss) as gains and losses on derivative instruments. When the anticipated debt is issued, any associated swaps are terminated, and the hedging gains and losses in accumulated other comprehensive income (loss) are recorded to interest expense over the term of the hedged portions of the related debt issued.", "Ticker: QCOM; CIK: 0000804328; Filing Date: 20230924; Filing Year: September 24, 2023; Company Name: QUALCOMM INC/DE\n\nSection: FORM 10-K\nSub-section: QUALCOMM IncorporatedNOTES TO CONSOLIDATED FINANCIAL STATEMENTS\nNote 10. Fair Value Measurements and Marketable Securities\n\nThe following table presents our fair value hierarchy for assets and liabilities measured at fair value on a recurring basis at September 24, 2023 (in millions):\n,Level 1,,Level 2,,Level 3,,Total\nAssets:,,,,,,,\nCash equivalents,,$5,335,,,,$1,819,,,,$—,,,,$7,154,\nMarketable securities:,,,,,,,\nCorporate bonds and notes,,$—,,,,$2,590,,,,$—,,,,$2,590,\nMortgage- and asset-backed securities,—,,,123,,,—,,,123,\nEquity securities,121,,,—,,,—,,,121,\nU.S. Treasury securities and government-related securities,20,,,20,,,—,,,40,\nTotal marketable securities,141,,,2,733,,,—,,,2,874,\nDerivative instruments,—,,,32,,,—,,,32,\nOther investments,742,,,—,,,43,,,785,\nTotal assets measured at fair value,,$6,218,,,,$4,584,,,,$43,,,,$10,845,\nLiabilities:,,,,,,,\nDerivative instruments,,$—,,,,$317,,,,$—,,,,$317,\nOther liabilities,740,,,—,,,—,,,740,\nTotal liabilities measured at fair value,,$740,,,,$317,,,,$—,,,,$1,057,\nAt September 24, 2023 and September 25, 2022, our marketable securities were all classified as current and were primarily comprised of available-for-sale debt securities (substantially all of which were corporate bonds and notes).\nThe contractual maturities of available-for-sale debt securities were as follows (in millions):\n,September 24,2023\nYears to Maturity:,\nLess than one year,,$1,321,\nOne to five years,1,306,\nFive to ten years,3,\nNo single maturity date,123,\nTotal,,$2,753,\nDebt securities with no single maturity date included mortgage- and asset-backed securities.\nF-", "Ticker: QCOM; CIK: 0000804328; Filing Date: 20230924; Filing Year: September 24, 2023; Company Name: QUALCOMM INC/DE\n\nSection: FORM 10-K\nSub-section: QUALCOMM IncorporatedNOTES TO CONSOLIDATED FINANCIAL STATEMENTS\n\nOther,70,,,(42),,,11,,90,,,(56),,,10\n,,$4,362,,,,$(2,954),,,11,,,$5,607,,,,$(3,725),,,10\nAll of these intangible assets are subject to amortization, other than acquired in-process research and development which had a carrying value of $435 million and $546 million at September 24, 2023 and September 25, 2022, respectively. Amortization expense related to these intangible assets was $418 million, $482 million and $537 million for fiscal 2023, 2022 and 2021, respectively. At September 24, 2023, amortization expense related to other intangible assets, including acquired in-process research and development beginning upon the completion of the underlying projects, is expected to be $296 million, $264 million, $250 million, $167 million and $139 million for each of the five years from fiscal 2024 through 2028, respectively, and $292 million thereafter.\nF-", "Ticker: QCOM; CIK: 0000804328; Filing Date: 20230924; Filing Year: September 24, 2023; Company Name: QUALCOMM INC/DE\n\nSection: FORM 10-K\nSub-section: QUALCOMM IncorporatedNOTES TO CONSOLIDATED FINANCIAL STATEMENTS\nSub-subsection: Gross Notional Amounts:\n\nThe gross notional amounts of our foreign currency and interest rate derivatives by instrument type were as follows (in millions):\n,September 24,2023,,September 25,2022\nForwards,,$2,432,,,,$3,176,\nOptions,667,,,881,\nSwaps,2,050,,,3,650,\n,,$5,149,,,,$7,707,\nThe gross notional amounts of our derivatives by currency were as follows (in millions):\n,September 24,2023,,September 25,2022\nChinese renminbi,,$1,333,,,,$1,920,\nIndian rupee,1,151,,,1,657,\nUnited States dollar,2,181,,,3,744,\nOther,484,,,386,\n,,$5,149,,,,$7,707,\nF-", "Ticker: QCOM; CIK: 0000804328; Filing Date: 20230924; Filing Year: September 24, 2023; Company Name: QUALCOMM INC/DE\n\nSection: FORM 10-K\nSub-section: GENERAL RISK FACTORS\nSub-subsection: •There are risks associated with our debt.\n•Tax liabilities could adversely affect our results of operations.\n\nIn this Annual Report, the words “Qualcomm,” “we,” “our,” “ours” and “us” refer only to QUALCOMM Incorporated and its subsidiaries and not any other person or entity. This Annual Report (including but not limited to the section titled “Management’s Discussion and Analysis of Financial Condition and Results of Operations”) contains forward-looking statements. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “may,” “will,” “would” and similar expressions or variations of such words are intended to identify forward-looking statements, but are not the exclusive means of identifying forward-looking statements in this Annual Report. Additionally, statements concerning future matters such as our future business, prospects, results of operations or financial condition; research and development or technology investments; new or enhanced products, services or technologies; emerging industries or business models; design wins or product launches; industry, market or technology trends, dynamics or transitions; our expectations regarding future demand or supply conditions or macroeconomic factors; strategic investments or acquisitions, and the anticipated timing or benefits thereof; cost reduction initiatives, associated restructuring charges and the anticipated timing thereof; legal or regulatory matters; U.S./China trade or national security tensions; vertical integration by our customers; competition; and other statements regarding matters that are not historical are also forward-looking statements.\nAlthough forward-looking statements in this Annual Report reflect our good faith judgment, such statements can only be based on facts and factors currently known by us. Consequently, forward-looking statements are inherently subject to risks and uncertainties and actual results and outcomes may differ materially from the results and outcomes discussed in or anticipated by the forward-looking statements. Factors that could cause or contribute to such differences in results and outcomes include without limitation those discussed under “Part I, Item 1A. Risk Factors” below, as well as those discussed elsewhere in this Annual Report. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this Annual Report. We undertake no obligation to revise or update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this Annual Report. Readers are urged to carefully review and consider the various disclosures made in this Annual Report, which attempt to advise interested parties of the risks and factors that may affect our business, financial condition, results of operations and prospects.", "Ticker: QCOM; CIK: 0000804328; Filing Date: 20230924; Filing Year: September 24, 2023; Company Name: QUALCOMM INC/DE\n\nSection: FORM 10-K\nSub-section: QUALCOMM IncorporatedNOTES TO CONSOLIDATED FINANCIAL STATEMENTS\n\nThe net book value of long-lived tangible assets located outside of the U.S. (the majority of which is located in Taiwan and the rest of the Asia-Pacific region) was $3.6 billion and $3.5 billion at September 24, 2023 and September 25, 2022, respectively. The net book value of long-lived tangible assets located in the U.S. was $2.0 billion and $2.3 billion at September 24, 2023 and September 25, 2022, respectively.\nF-", "Ticker: QCOM; CIK: 0000804328; Filing Date: 20230924; Filing Year: September 24, 2023; Company Name: QUALCOMM INC/DE\n\nSection: FORM 10-K\nSub-section: QUALCOMM IncorporatedNOTES TO CONSOLIDATED FINANCIAL STATEMENTS\n\nProperty, Plant and Equipment (in millions),,,\n,September 24,2023,,September 25,2022\nLand,,$169,,,,$170,\nBuildings and improvements,1,849,,,1,767,\nComputer equipment and software,1,773,,,1,680,\nMachinery and equipment,8,078,,,7,349,\nFurniture and office equipment,130,,,105,\nLeasehold improvements,485,,,369,\nConstruction in progress,226,,,330,\n,12,710,,,11,770,\nLess accumulated depreciation and amortization,(7,668),,,(6,602),\n,,$5,042,,,,$5,168,\nDepreciation and amortization expense related to property, plant and equipment for fiscal 2023, 2022 and 2021 was $1.4 billion, $1.3 billion and $1.0 billion, respectively.\n*Goodwill and Other Intangible Assets.* We allocate goodwill to our reporting units for impairment testing purposes. The following table presents the goodwill allocated to our segments, as described in Note 8, as well as the changes in the carrying amounts of goodwill during fiscal 2023 and 2022 (in millions):\n,,QCT,,QTL,,,,Total\nBalance at September 26, 2021,,,$6,523,,,,$723,,,,,,$7,246,\nAcquisitions,,3,375,,,12,,,,,3,387,\nForeign currency translation adjustments,,(121),,,(4),,,,,(125),\nBalance at September 25, 2022 (1),,9,777,,,731,,,,,10,508,\nAcquisitions,,76,,,—,,,,,76,\nForeign currency translation adjustments,,56,,,2,,,,,58,\nBalance at September 24, 2023 (1),,,$9,909,,,,$733,,,,,,$10,642,\n(1) Cumulative goodwill impairments were $812 million at both September 24, 2023 and September 25, 2022.\nThe components of other intangible assets, net were as follows (in millions):\n,September 24, 2023,,September 25, 2022\n,Gross CarryingAmount,,AccumulatedAmortization,,Weighted-average amortization period(years),,Gross CarryingAmount,,AccumulatedAmortization,,Weighted-average amortization period(years)\nTechnology-based,,$4,292,,,,$(2,912),,,12,,,$5,517,,,,$(3,669),,,12", "Ticker: QCOM; CIK: 0000804328; Filing Date: 20230924; Filing Year: September 24, 2023; Company Name: QUALCOMM INC/DE\n\nSection: FORM 10-K\nSub-section: QUALCOMM Incorporated\nCONSOLIDATED BALANCE SHEETS\n(In millions, except par value amounts)\n\nTotal stockholders’ equity,21,581,,,18,013,\nTotal liabilities and stockholders’ equity,,$51,040,,,,$49,014,\nSee accompanying notes.\nF-", "Ticker: QCOM; CIK: 0000804328; Filing Date: 20230924; Filing Year: September 24, 2023; Company Name: QUALCOMM INC/DE\n\nSection: FORM 10-K\nSub-section: QUALCOMM IncorporatedNOTES TO CONSOLIDATED FINANCIAL STATEMENTS\n\nAt September 24, 2023, future lease payments under our operating leases were as follows (in millions):\n,,,September 24,2023\n2024,,,,$116,\n2025,,,111,\n2026,,,104,\n2027,,,100,\n2028,,,83,\nThereafter,,,358,\nTotal future lease payments,,,872,\nImputed interest,,,(203),\nTotal lease liability balance,,,,$669,\n<h4>\nNote 8. Segment Information</h4>", "Ticker: TMUS; CIK: 0001283699; Filing Date: 20231231; Filing Year: December 31, 2023; Company Name: T-MOBILE US, INC.\n\nSub-section: Liquidity and Capital Resources\nSub-subsection: Debt Financing\n\nAs of December 31, 2023, our total debt and financing lease liabilities were $77.5 billion, excluding our tower obligations, of which $71.4 billion was classified as long-term debt and $1.2 billion was classified as long-term financing lease liabilities.\nDuring the year ended December 31, 2023, we issued long-term debt for net proceeds of $8.4 billion and redeemed and repaid short-term debt with an aggregate principal amount of $5.1 billion.\nSubsequent to December 31, 2023, on January 12, 2024, we issued $1.0 billion of 4.850% Senior Notes due 2029, $1.3 billion of 5.150% Senior Notes due 2034 and $750 million of 5.500% Senior Notes due 2055.\nFor more information regarding our debt financing transactions, see Note 8 - Debt of the Notes to the Consolidated Financial Statements.", "Ticker: QCOM; CIK: 0000804328; Filing Date: 20230924; Filing Year: September 24, 2023; Company Name: QUALCOMM INC/DE\n\nSection: FORM 10-K\nSub-section: Liquidity and Capital Resources\n\nOur principal sources of liquidity are our existing cash, cash equivalents and marketable securities, cash generated from operations and cash provided by our debt programs, which we believe will satisfy our working and other capital requirements for at least the next 12 months based on our current business plans.\nThe following table presents selected financial information related to our liquidity as of and for the years ended September 24, 2023 and September 25, 2022 (in millions):\n,September 24,2023,,September 25,2022,,Change,,\nCash and cash equivalents (1),,$8,450,,,,$2,773,,,,$5,677,,,\nMarketable securities,2,874,,,3,609,,,(735),,,\nCash, cash equivalents and marketable securities,,$11,324,,,,$6,382,,,,$4,942,,,\n(1) Excludes $77 million and $326 million of cash and cash equivalents classified as held for sale (included in other current assets) at September 24, 2023 and September 25, 2022, respectively.\n,2023,,2022,,Change\nNet cash provided by operating activities,,$11,299,,,,$9,096,,,,$2,203,\nNet cash provided (used) by investing activities,762,,,(5,804),,,6,566,\nNet cash used by financing activities,(6,663),,,(7,196),,,533,\n*Cash, cash equivalents and marketable securities. *The net increase in cash, cash equivalents and marketable securities was primarily due to net cash provided by operating activities, the issuance of $1.9 billion of unsecured fixed-rate notes, $1.5 billion in net cash proceeds from the sale of the Active Safety business and $434 million in proceeds from the issuance of common stock (primarily under our Employee Stock Purchase Plan), partially offset by $3.5 billion in cash dividends paid, $3.0 billion in payments to repurchase shares of our common stock, $1.5 billion in capital expenditures, $1.4 billion repayments of notes that matured in January 2023, $521 million in payments of tax withholdings related to the vesting of share-based awards and $498 million in net repayments of commercial paper.\nNet changes in our operating assets and liabilities positively impacted our operating cash flows primarily from a decrease in accounts receivable as a result of lower revenues and a decrease in other assets primarily driven by utilization of prior\nadvanced supply agreement payments (which payments were primarily made during 2022 and 2021) and certain settlement payments received associated with our forward starting interest rate swaps, partially offset by lower operating liabilities resulting from lower purchases due to lower customer demand.", "Ticker: QCOM; CIK: 0000804328; Filing Date: 20230924; Filing Year: September 24, 2023; Company Name: QUALCOMM INC/DE\n\nSection: FORM 10-K\nSub-section: PART IV\nItem 15. Exhibits and Financial Statement Schedules\n\n10.1,,Credit Agreement, dated as of December 8, 2020, among QUALCOMM Incorporated, the lenders party thereto, the letter of credit issuers party thereto and Bank of America, N.A., as administrative agent, swing line lender and a letter of credit issuer (as amended by the LIBOR Transition Amendment dated as of December 21, 2021 and as further amended by Amendment No. 2 dated as of March 10, 2023).,,10-Q,,5/3/2023,,10.1,,\n10.2,,Form of Indemnity Agreement between the Company and its directors and officers. (2),,10-K,,11/4/2015,,10.1,,\n10.3,,Amended and Restated 2016 Long-Term Incentive Plan. (2),,10-Q,,4/29/2020,,10.7,,\n10.4,,Amended and Restated QUALCOMM Incorporated 2001 Employee Stock Purchase Plan, as amended. (2),,10-Q,,4/25/2018,,10.62,,\n10.5,,QUALCOMM Incorporated 2023 Long-Term Incentive Plan. (2),,10-Q,,05/3/2023,,10.26,,\n10.6,,Form of Qualcomm Incorporated 2016 Long-Term Incentive Plan Executive Performance Stock Unit Award Grant Notice and Executive Performance Stock Unit Award Agreement (2020 Form). (2),,10-K,,11/4/2020,,10.21,,\n10.7,,Form of Qualcomm Incorporated 2016 Long-Term Incentive Plan Executive Restricted Stock Unit Grant Notice and Executive Restricted Stock Unit Agreement (2020 Form). (2),,10-Q,,2/3/2021,,10.20,,\n10.8,,Form of Qualcomm Incorporated 2016 Long-Term Incentive Plan Executive Performance Stock Unit Award Grant Notices and Executive Performance Stock Unit Award Agreement (2021 Form). (2),,10-K,,11/3/2021,,10.22,,\n10.9,,Form of Qualcomm Incorporated 2016 Long-Term Incentive Plan Executive Restricted Stock Unit Award Grant Notice and Executive Restricted Stock Unit Award Agreement (2021 Form). (2),,10-K,,11/3/2021,,10.23,,\n10.10,,Form of Qualcomm Incorporated 2016 Long-Term Incentive Plan Executive Performance Stock Unit Award Grant Notice and Executive Performance Stock Unit Award Agreement (2022 Form). (2),,10-Q,,2/2/2023,,10.23,,", "Ticker: QCOM; CIK: 0000804328; Filing Date: 20230924; Filing Year: September 24, 2023; Company Name: QUALCOMM INC/DE\n\nSection: FORM 10-K\nSub-section: QUALCOMM IncorporatedNOTES TO CONSOLIDATED FINANCIAL STATEMENTS\n\nInvestment and Other Income (Expense), Net (in millions),,,,,,,,,,,,\n,,,,,,,,2023,,2022,,2021\nInterest and dividend income,,,,,,,,,$313,,,,$91,,,,$83,\nNet gains (losses) on marketable securities,,,,,,,,75,,,(363),,,427,\nNet gains on other investments,,,,,,,,21,,,113,,,470,\nNet gains (losses) on deferred compensation plan assets,,,,,,,,86,,,(141),,,130,\nImpairment losses on other investments,,,,,,,,(132),,,(47),,,(33),\nOther,,,,,,,,(14),,,(25),,,(33),\n,,,,,,,,,$349,,,,$(372),,,,$1,044,\nF-", "Ticker: QCOM; CIK: 0000804328; Filing Date: 20230924; Filing Year: September 24, 2023; Company Name: QUALCOMM INC/DE\n\nSection: FORM 10-K\nSub-section: Results of Operations\nSub-subsection: 2023 vs. 2022\n\nOther expense in fiscal 2023 consisted of $712 million in restructuring and restructuring-related charges (substantially all of which related to severance costs) resulting from certain cost reduction actions initiated in fiscal 2023, and a $150 million intangible asset impairment charge related to in-process research and development. Additional information regarding our restructuring charges is provided in this Annual Report in “Notes to Consolidated Financial Statements, Note 2. Composition of Certain Financial Statement Items - Other Income, Costs and Expenses.”\nOther income in fiscal 2022 consisted of a$1.1 billion benefit resulting from the 2018 EC fine reversal.\nInterest Expense and Investment and Other Income (Expense), Net (in millions),,,,,,\n,2023,,2022,,,,Change,,\nInterest expense,,$694,,,,$490,,,,,,$204,,,\nInvestment and other income (expense), net,,,,,,,,,\nInterest and dividend income,,$313,,,,$91,,,,,,$222,,,\nNet gains (losses) on marketable securities,75,,,(363),,,,,438,,,\nNet gains on other investments,21,,,113,,,,,(92),,,\nNet gains (losses) on deferred compensation plan assets,86,,,(141),,,,,227,,,\nImpairment losses on other investments,(132),,,(47),,,,,(85),,,\nOther,(14),,,(25),,,,,11,,,\n,,$349,,,,$(372),,,,,,$721,,,\nInterest expense in fiscal 2022 included a $62 million reversal of accrued interest previously recorded related to the annulled 2018 EC fine.\nNet losses on marketable securities in fiscal 2022 was primarily driven by the change in fair value of certain of our QSI marketable equity investments in early or growth stage companies.", "Ticker: INTC; CIK: 0000050863; Filing Date: 20231230; Filing Year: December 30, 2023; Company Name: INTEL CORPORATION\n\nSection: Table of Contents\nSub-section: Table of Contents\n\n,,Dec 30, 2023,,,,Dec 31, 2022\n(In Millions),,Effective Interest Rate,,Amount,,,,Amount\nOregon and Arizona bonds1:,,,,,,,,\n2.40% - 2.70%, due December 2035 - 2040,,—%,,—,,,,,423,\n3.80% - 4.10%, due December 2035 - 2040,,3.89%,,423,,,,,—,\n5.00%, due September 2042,,3.64%,,131,,,,,131,\n5.00%, due June 2049,,2.15%,,438,,,,,438,\n5.00%, due September 2052,,4.26%,,445,,,,,445,\nTotal senior notes and other borrowings,,,,50,285,,,,,39,285,\nUnamortized premium/discount and issuance costs,,,,(445),,,,,(417),\nHedge accounting fair value adjustments,,,,(574),,,,,(761),\nLong-term debt,,,,49,266,,,,,38,107,\nCurrent portion of long-term debt,,,,(2,288),,,,,(423),\nTotal long-term debt,,,,,$46,978,,,,,,$37,684,", "Ticker: QCOM; CIK: 0000804328; Filing Date: 20230924; Filing Year: September 24, 2023; Company Name: QUALCOMM INC/DE\n\nSection: FORM 10-K\nSub-section: Liquidity and Capital Resources\n\n*Income Taxes.* At September 24, 2023, we estimated remaining future payments of $1.5 billion for a one-time U.S. repatriation tax accrued in fiscal 2018, after application of certain tax credits, which is payable in installments over the next three years. At September 24, 2023, other current liabilities included $391 million for the next installment due in January 2024 as well as $1.0 billion related to certain postponed U.S. federal income tax-payments from fiscal 2023, which were paid in October 2023. Beginning in fiscal 2023, for federal income tax purposes, we are required to capitalize and amortize domestic research and development expenditures over five years and foreign research and development expenditures over fifteen years (such expenditures were previously deducted as incurred). Our cash flows from operations will be adversely affected due to significantly higher cash tax payments. Additional information regarding our income taxes is provided in this Annual Report in “Notes to Consolidated Financial Statements, Note 3. Income Taxes.”", "Ticker: QCOM; CIK: 0000804328; Filing Date: 20230924; Filing Year: September 24, 2023; Company Name: QUALCOMM INC/DE\n\nSection: FORM 10-K\nSub-section: Item 7A. Quantitative and Qualitative Disclosures about Market Risk\nMarketable Securities\n\nWe have made investments in marketable securities of companies of varying size, style, industry and geography and changes in investment allocations may affect the price volatility of our investments.\n*Interest Rate Risk. *We invest a portion of our cash in a number of diversified fixed- and floating-rate securities consisting of cash equivalents, marketable debt securities and time and demand deposits that are subject to interest rate risk. At September 24, 2023 and September 25, 2022, a hypothetical increase in interest rates of 100 basis points across the entire yield curve on our holdings would have resulted in a decrease of $26 million and $36 million, respectively, in the fair value of our holdings.", "Ticker: QCOM; CIK: 0000804328; Filing Date: 20230924; Filing Year: September 24, 2023; Company Name: QUALCOMM INC/DE\n\nSection: FORM 10-K\nSub-section: QUALCOMM Incorporated\nCONSOLIDATED STATEMENTS OF CASH FLOWS\n(In millions)\n\n,Year Ended\n,September 24,2023,,September 25,2022,,September 26,2021\nOperating Activities:,,,,,\nNet income from continuing operations,,$7,339,,,,$12,986,,,,$9,043,\nAdjustments to reconcile net income to net cash provided by operating activities:,,,,\nDepreciation and amortization expense,1,809,,,1,762,,,1,582,\nIndefinite and long-lived asset impairment charges,182,,,2,,,5,\nIncome tax provision less than income tax payments,(1,269),,,(138),,,(245),\nShare-based compensation expense,2,484,,,2,031,,,1,663,\nNet (gains) losses on marketable securities and other investments,(152),,,432,,,(1,002),\nImpairment losses on other investments,132,,,47,,,33,\nOther items, net,25,,,(56),,,(82),\nChanges in assets and liabilities:,,,,,\nAccounts receivable, net,2,472,,,(2,066),,,426,\nInventories,8,,,(3,137),,,(622),\nOther assets,603,,,(2,266),,,(1,649),\nTrade accounts payable,(1,880),,,1,036,,,495,\nPayroll, benefits and other liabilities,1,,,(1,043),,,1,091,\nUnearned revenues,(56),,,(324),,,(202),\nNet cash used by operating activities from discontinued operations,(399),,,(170),,,—,\nNet cash provided by operating activities,11,299,,,9,096,,,10,536,\nInvesting Activities:,,,,,\nCapital expenditures,(1,450),,,(2,262),,,(1,888),\nPurchases of debt and equity marketable securities,(668),,,(1,414),,,(5,907),\nProceeds from sales and maturities of debt and equity marketable securities,1,566,,,2,622,,,5,555,\nAcquisitions and other investments, net of cash acquired,(235),,,(4,912),,,(1,377),\nProceeds from sales of property, plant and equipment,127,,,5,,,3,\nProceeds from other investments,20,,,132,,,320,\nOther items, net,19,,,41,,,(62),\nNet cash provided (used) by investing activities from discontinued operations,1,383,,,(16),,,—,", "Ticker: QCOM; CIK: 0000804328; Filing Date: 20230924; Filing Year: September 24, 2023; Company Name: QUALCOMM INC/DE\n\nSection: FORM 10-K\nSub-section: Note 4. Capital Stock\n\n*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 September 24, 2023, $5.1 billion remained authorized for repurchase under our stock repurchase program.\n*Shares Outstanding. *Shares of common stock outstanding at September 24, 2023 were as follows (in millions):\nBalance at beginning of period,1,121,\nIssued,18,\nRepurchased,(25),\nBalance at end of period,1,114\n*Dividends. *On October 13, 2023, we announced a cash dividend of $0.80 per share on our common stock, payable on December 14, 2023 to stockholders of record as of the close of business on November 30, 2023.\nF-", "Ticker: QCOM; CIK: 0000804328; Filing Date: 20230924; Filing Year: September 24, 2023; Company Name: QUALCOMM INC/DE\n\nSection: FORM 10-K\nSub-section: QUALCOMM IncorporatedNOTES TO CONSOLIDATED FINANCIAL STATEMENTS\n\n*Debt Covenants.* The Revolving Credit Facility requires that we comply with certain covenants, including that we maintain an interest coverage ratio as defined in the agreement. We are not subject to any financial covenants under the notes nor any covenants that would prohibit us from incurring additional indebtedness ranking equal to the notes, paying dividends or issuing securities or repurchasing securities issued by us or our subsidiaries. At September 24, 2023, we were in compliance with the applicable covenants under the Revolving Credit Facility.", "Ticker: QCOM; CIK: 0000804328; Filing Date: 20230924; Filing Year: September 24, 2023; Company Name: QUALCOMM INC/DE\n\nSection: FORM 10-K\nSub-section: QUALCOMM IncorporatedNOTES TO CONSOLIDATED FINANCIAL STATEMENTS\n\ninventory on hand. Our assumptions of future product demand are inherently uncertain, and changes in our estimates and assumptions may cause us to record additional write-downs in the future if demand forecasted for specific products is greater than actual demand.*Property, Plant and Equipment.* Property, plant and equipment are recorded at cost and depreciated or amortized using the straight-line method over their estimated useful lives. Upon the retirement or disposition of property, plant and equipment, the related cost and accumulated depreciation or amortization are removed, and a gain or loss is recorded, when appropriate. Buildings on owned land are depreciated over 30 years, and building improvements are depreciated over 15 years. Leasehold improvements and buildings on leased land are amortized over the shorter of their estimated useful lives, not to exceed 15 years and 30 years, respectively, or the remaining term of the related lease. Other property, plant and equipment have useful lives ranging from 2 to 15 years. Maintenance, repairs and minor renewals or betterments are charged to expense as incurred. *Operating Leases.* Operating lease assets and liabilities are recognized for leases with lease terms greater than 12 months based on the present value of the future lease payments over the lease term at the commencement date. Operating leases are included in other assets, other current liabilities and other liabilities on our consolidated balance sheet. Our lease terms may include options to extend or terminate the lease when it is reasonably certain that we will exercise such option. We account for substantially all lease and related non-lease components together as a single lease component. Operating lease expense is recognized on a straight-line basis over the lease term.*Goodwill and Other Intangible Assets.* Goodwill represents the excess of purchase price over the value assigned to the net tangible and identifiable intangible assets of businesses acquired. Acquired intangible assets other than goodwill are amortized over their useful lives unless the lives are determined to be indefinite. For intangible assets purchased in a business combination, the estimated fair values of the assets acquired are used to establish their recorded values. Valuation techniques consistent with the market approach, income approach and/or cost approach are used to measure fair value. An estimate of fair value can be affected by many assumptions that require significant judgment. For example, the income approach generally requires us to use assumptions to estimate future cash flows including those related to total addressable market, pricing and share forecasts, competition, technology obsolescence, future tax rates and discount rates. Our estimate of the fair value of certain assets may differ materially from that determined by others who use different assumptions or utilize different business models and from the future cash flows actually realized.*Impairment of Goodwill, Other Indefinite-Lived Assets and Long-Lived Assets.* Goodwill and other indefinite-lived intangible assets are tested annually for impairment in the fourth fiscal quarter, and in interim periods if events or changes in circumstances indicate that the assets may be impaired. If a qualitative assessment is used and we determine that the fair value of a reporting unit or indefinite-lived intangible asset is more likely than not (i.e., a likelihood of more than 50%) less than its carrying amount, a quantitative impairment test will be performed. If goodwill is quantitatively assessed for impairment and a reporting unit’s carrying value exceeds its fair value, the difference is recorded as an impairment. Other indefinite-lived intangible assets are quantitatively assessed for impairment, if necessary, by comparing their estimated fair values to their carrying values. If the carrying value exceeds the fair value, the difference is recorded as an impairment. Our judgments regarding the existence of impairment indicators and future cash flows related to goodwill, other indefinite-lived assets and long-lived assets may be based on operational performance of our businesses, market conditions, expected selling price and/or other factors. Although there are inherent uncertainties in this assessment process, the estimates and assumptions we use, including estimates of future cash flows and discount rates, are consistent with our internal planning, when appropriate. If these estimates or their related assumptions change in the future, we may be required to record an impairment charge on a portion or all of such assets. Furthermore, we cannot predict the occurrence of future impairment-triggering events nor the impact such events might have on our reported asset values.Long-lived assets, such as property, plant and equipment and intangible assets subject to amortization, are reviewed for impairment when there is evidence that events or changes in circumstances indicate that the carrying amount of an asset or asset group may not be recoverable. Recoverability of assets to be held and used is measured by comparing the carrying amount of an asset or asset group to estimated undiscounted future cash flows expected to be generated by the asset or asset group. If the carrying amount of an asset or asset group exceeds its estimated future cash flows, an impairment charge is recognized for the amount by which the carrying amount of the asset or asset group exceeds the estimated fair value of the asset or asset group. Long-lived assets to be disposed of by sale are reported at the lower of their carrying amounts or their estimated fair values less costs to sell and are not depreciated.*Revenue Recognition.* We derive revenues principally from sales of integrated circuit products and licensing of our intellectual property. We also generate revenues from licensing system software and by performing development and other services and from other product sales. The timing of revenue recognition and the amount of revenue actually recognized in each case depends upon a variety of factors, including the specific terms of each arrangement and the nature of our performance obligations. Revenues from sales of our products are recognized upon transfer of control to the customer, which is generally at the time of shipment. Revenues from providing services are typically recognized over time as our performance obligation is", "Ticker: QCOM; CIK: 0000804328; Filing Date: 20230924; Filing Year: September 24, 2023; Company Name: QUALCOMM INC/DE\n\nSection: FORM 10-K\nSub-section: QUALCOMM Incorporated\nCONSOLIDATED STATEMENTS OF OPERATIONS\n(In millions, except per share data)\n\n,,,,Year Ended\n,,,,,,,,September 24,2023,,September 25,2022,,September 26,2021\nRevenues:,,,,,,,,,,,,\nEquipment and services,,,,,,,,,$30,028,,,,$37,171,,,,$26,741,\nLicensing,,,,,,,,5,792,,,7,029,,,6,825,\nTotal revenues,,,,,,,,35,820,,,44,200,,,33,566,\nCosts and expenses:,,,,,,,,,,,,\nCost of revenues,,,,,,,,15,869,,,18,635,,,14,262,\nResearch and development,,,,,,,,8,818,,,8,194,,,7,176,\nSelling, general and administrative,,,,,,,,2,483,,,2,570,,,2,339,\nOther (Note 2),,,,,,,,862,,,(1,059),,,—,\nTotal costs and expenses,,,,,,,,28,032,,,28,340,,,23,777,\nOperating income,,,,,,,,7,788,,,15,860,,,9,789,\nInterest expense,,,,,,,,(694),,,(490),,,(559),\nInvestment and other income (expense), net,,,,,,,,349,,,(372),,,1,044,\nIncome from continuing operations before income taxes,,,,,,,,7,443,,,14,998,,,10,274,\nIncome tax expense,,,,,,,,(104),,,(2,012),,,(1,231),\nIncome from continuing operations,,,,,,,,7,339,,,12,986,,,9,043,\nDiscontinued operations, net of income taxes,,,,,,,,(107),,,(50),,,—,\nNet income,,,,,,,,,$7,232,,,,$12,936,,,,$9,043,\nBasic earnings (loss) per share:,,,,,,,,,,,,\nContinuing operations,,,,,,,,,$6.57,,,,$11.56,,,,$7.99,\nDiscontinued operations,,,,,,,,(0.10),,,(0.04),,,—,\nNet income,,,,,,,,,$6.47,,,,$11.52,,,,$7.99,\nDiluted earnings (loss) per share:,,,,,,,,,,,,\nContinuing operations,,,,,,,,,$6.52,,,,$11.41,,,,$7.87,\nDiscontinued operations,,,,,,,,(0.10),,,(0.04),,,—,", "Ticker: QCOM; CIK: 0000804328; Filing Date: 20230924; Filing Year: September 24, 2023; Company Name: QUALCOMM INC/DE\n\nSection: FORM 10-K\nSub-section: QUALCOMM IncorporatedNOTES TO CONSOLIDATED FINANCIAL STATEMENTS\n\nBeginning in fiscal 2019, as a result of certain court rulings in Korea, among other factors, we decided to apply for a partial refund claim for taxes previously withheld from licensees in Korea on payments due under their license agreements to which we have claimed a foreign tax credit in the United States. As a result, $2.0 billion and $1.7 billion was recorded as a noncurrent income taxes receivable (recorded in other assets) at September 24, 2023 and September 25, 2022, respectively, and $2.3 billion and $2.1 billion was recorded as a noncurrent liability for uncertain tax benefits (recorded in other liabilities) at September 24, 2023 and September 25, 2022, respectively.\nIncome taxes payable (recorded in other current liabilities) were $1.7 billion and $634 million at September 24, 2023 and September 25, 2022, respectively. This increase was primarily due to announcements by the Internal Revenue Service (IRS), which postponed our remaining current year U.S. federal income tax-payments from fiscal 2023, which were paid in October 2023.\nAt September 24, 2023, we estimated remaining future payments of $1.5 billion for a one-time repatriation tax accrued in fiscal 2018, after application of certain tax credits, which is payable in installments over the next three years. At September 24, 2023, $391 million was recorded in other current liabilities, reflecting the next installment due in January 2024, with the remaining noncurrent portion presented as income taxes payable on our balance sheet.\nWe had deferred tax assets and deferred tax liabilities as follows (in millions):\n,September 24,2023,,September 25,2022\nUnused tax credits,,$1,819,,,,$1,624,\nCapitalized research and development expenditures,1,490,,,—,\nCustomer incentives,659,,,807,\nAccrued liabilities and reserves,401,,,264,\nUnused net operating losses,364,,,887,\nShare-based compensation,285,,,225,\nOperating lease liabilities,216,,,202,\nUnrealized losses on other investments and marketable securities,159,,,197,\nOther,409,,,435,\nTotal gross deferred tax assets,5,802,,,4,641,\nValuation allowance,(1,803),,,(2,223),\nTotal net deferred tax assets,3,999,,,2,418,\nIntangible assets,(335),,,(315),\nOperating lease assets,(194),,,(184),", "Ticker: QCOM; CIK: 0000804328; Filing Date: 20230924; Filing Year: September 24, 2023; Company Name: QUALCOMM INC/DE\n\nSection: FORM 10-K\nSub-section: QUALCOMM IncorporatedNOTES TO CONSOLIDATED FINANCIAL STATEMENTS\n\nThe allocation of the purchase price to the assets acquired and liabilities assumed based on their fair values was as follows (in millions):\nCash,,$30,\nCurrent held for sale assets, net of costs to sell (1),626,\nCompleted technology-based intangible assets,349,\nIn-process research and development (IPR&D),298,\nGoodwill,2,793,\nNoncurrent held for sale assets (1),1,186,\nOther assets,326,\nTotal assets,5,608,\nCurrent held for sale liabilities (1),(677),\nConvertible senior notes,(352),\nNoncurrent held for sale liabilities (1),(128),\nOther liabilities,(200),\nTotal liabilities,(1,357),\nNet assets acquired,,$4,251,\n(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’ 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.\nGoodwill related to this transaction was allocated to our QCT segment, $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. Pro forma results of operations have not been presented because the effects of this acquisition were not material to our consolidated results of operations.\nSince the Closing Date, the operating results of the Arriver and Non-Arriver businesses were initially reported on a one quarter lag. During the fourth quarter of fiscal 2022, we eliminated the one-quarter reporting lag previously used to consolidate the Arriver business to provide contemporaneous reporting within our consolidated financial statements, which we believe is preferable. The effect of this change was not material to our consolidated financial statements, and the impact of eliminating the one quarter reporting lag has been included in our operating results in the fourth quarter of fiscal 2022.", "Ticker: QCOM; CIK: 0000804328; Filing Date: 20230924; Filing Year: September 24, 2023; Company Name: QUALCOMM INC/DE\n\nSection: FORM 10-K\nSub-section: Liquidity and Capital Resources\nSub-subsection: Capital Return Program.\n\n•In the fourth quarter of fiscal 2023, we accrued $385 million of severance costs, substantially all of which is expected to be paid in the first half of fiscal 2024.\n•We expect to continue making strategic investments and acquisitions, the amounts of which could vary significantly.\nFurther, regulatory authorities in certain jurisdictions have investigated our business practices and instituted proceedings against us and they or other regulatory authorities may do so in the future. Additionally, certain of our direct and indirect customers and licensees have pursued, and others may in the future pursue, litigation or arbitration against us related to our business. Unfavorable resolutions of one or more of these matters have had and could in the future have a material adverse effect on our business, revenues, results of operations, financial condition and cash flows. See “Notes to Consolidated Financial Statements, Note 7. Commitments and Contingencies” and “Part I, Item 1A. Risk Factors” in this Annual Report.", "Ticker: QCOM; CIK: 0000804328; Filing Date: 20230924; Filing Year: September 24, 2023; Company Name: QUALCOMM INC/DE\n\nSection: FORM 10-K\nSub-section: Note 2. Composition of Certain Financial Statement Items\n\nAccounts Receivable (in millions),,,\n,September 24,2023,,September 25,2022\nTrade, net of allowances for doubtful accounts,,$1,923,,,,$4,175,\nUnbilled,1,223,,,1,435,\nOther,37,,,33,\n,,$3,183,,,,$5,643,\nInventories (in millions),,,\n,September 24,2023,,September 25,2022\nRaw materials,,$176,,,,$221,\nWork-in-process,4,096,,,3,329,\nFinished goods,2,150,,,2,791,\n,,$6,422,,,,$6,341,\nF-", "Ticker: QCOM; CIK: 0000804328; Filing Date: 20230924; Filing Year: September 24, 2023; Company Name: QUALCOMM INC/DE\n\nSection: FORM 10-K\nSub-section: Stock Performance Graph\n\nThe following graph compares the cumulative total stockholder return on our common stock, the Standard & Poor’s 500 Stock Index (S&P 500) and the NASDAQ-100 Index (NASDAQ-100) for the five years ended September 24, 2023. The S&P 500 tracks the aggregate price performance of the equity securities of 500 United States companies selected by Standard & Poor’s Index Committee to include companies in leading industries and to reflect the United States stock market. The NASDAQ-100 tracks the aggregate price performance of the 100 largest domestic and international non-financial securities listed on the NASDAQ Stock Market based on market capitalization. Our common stock is a component of each of the S&P 500 and the NASDAQ-100.\nThe total return for our stock and for each index assumes that $100 was invested at the market close on the last trading day for our fiscal year ended September 30, 2018 and that all dividends were reinvested. All returns are reported as of our fiscal year end, which is the last Sunday in September. Stockholder returns over the indicated period are based on historical data and should not be considered indicative of future stockholder returns.\n", "Ticker: QCOM; CIK: 0000804328; Filing Date: 20230924; Filing Year: September 24, 2023; Company Name: QUALCOMM INC/DE\n\nSection: FORM 10-K\nSub-section: QUALCOMM Incorporated\nCONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY\n(In millions, except per share data)\n\n,Year Ended\n,September 24,2023,,September 25,2022,,September 26,2021\nTotal stockholders’ equity, beginning balance,,$18,013,,,,$9,950,,,,$6,077,\nCommon stock and paid-in capital:,,,,,\nBalance at beginning of period,195,,,—,,,586,\nCommon stock issued under employee benefit plans,434,,,356,,,345,\nRepurchases and retirements of common stock,(2,218),,,(1,514),,,(1,958),\nShare-based compensation,2,600,,,2,119,,,1,754,\nTax withholdings related to vesting of share-based payments,(521),,,(766),,,(737),\nStock awards assumed in acquisition,—,,,—,,,10,\nBalance at end of period,490,,,195,,,—,\nRetained earnings:,,,,,\nBalance at beginning of period,17,840,,,9,822,,,5,284,\nNet income,7,232,,,12,936,,,9,043,\nRepurchases and retirements of common stock,(755),,,(1,615),,,(1,408),\nDividends,(3,584),,,(3,303),,,(3,097),\nBalance at end of period,20,733,,,17,840,,,9,822,\nAccumulated other comprehensive income (loss):,,,,,\nBalance at beginning of period,(22),,,128,,,207,\nOther comprehensive income (loss),380,,,(150),,,(79),\nBalance at end of period,358,,,(22),,,128,\nTotal stockholders’ equity, ending balance,,$21,581,,,,$18,013,,,,$9,950,\nDividends per share announced,,$3.10,,,,$2.86,,,,$2.66,\nSee accompanying notes.\nF-", "Ticker: QCOM; CIK: 0000804328; Filing Date: 20230924; Filing Year: September 24, 2023; Company Name: QUALCOMM INC/DE\n\nSection: FORM 10-K\nSub-section: Critical Accounting Estimates\n\n*Inventories.* We measure inventory at the lower of cost or net realizable value considering judgments and estimates related to future customer demand and other market conditions, such as the impact of certain capacity constraints experienced across the semiconductor industry through the third quarter of fiscal 2022, as well as the impact of the macroeconomic environment in fiscal 2022 and 2023, which negatively impacted consumer demand for smartphones and other devices that incorporate our products and technologies. Although we believe these estimates are reasonable, any significant changes in customer demand that are less favorable than our previous estimates may require additional inventory write-downs and would be reflected in cost of sales resulting in a negative impact to our gross margin in that period. For fiscal 2023 and 2022, the net effect from changes in this estimate and related reserves was less than 2% of cost of revenues during each period.\n*Impairment of Goodwill, Other Indefinite-Lived Assets and Long-Lived Assets***.** We monitor our goodwill, other indefinite-lived assets and long-lived assets for the existence of impairment indicators and apply judgments in the valuation methods and underlying assumptions utilized in such assessments. During fiscal 2023, we recorded total impairment charges of approximately $400 million related to certain long-lived and other indefinite-lived assets. Such impairments (and the related remaining asset values) were not individually material. During fiscal 2022, there were no material impairment charges for long-lived or indefinite-lived assets. Additionally, the estimated fair values of our QCT and QTL reporting units, based on our qualitative assessment, were substantially in excess of their respective carrying values at September 24, 2023.\n*Legal and Regulatory Proceedings.* We record our best estimate of a loss related to pending legal and regulatory proceedings when the loss is considered probable and the amount can be reasonably estimated. We face difficulties in evaluating or estimating likely outcomes or the amount of possible loss in certain legal and regulatory proceedings.\n*Income Taxes.* We make significant judgments and estimates in determining our provision for income taxes, including our assessment of our income tax positions given the uncertainties involved in the interpretation and application of complex tax laws and regulations in various taxing jurisdictions.", "Ticker: QCOM; CIK: 0000804328; Filing Date: 20230924; Filing Year: September 24, 2023; Company Name: QUALCOMM INC/DE\n\nSection: FORM 10-K\nSub-section: RISKS RELATED TO SUPPLY AND MANUFACTURING\nSub-subsection: There are numerous risks associated with the operation and control of our manufacturing facilities, including a higher portion of fixed costs relative to a fabless model; environmental compliance and liability; impacts related to climate change; exposure to natural disasters, health crises, geopolitical conflicts and cyber-attacks; timely supply of equipment and materials; and various manufacturing issues.\n\nFrom time to time, we purchase equipment to meet expected customer demand in advance of any purchase orders or long-term purchase commitments. Further, we typically begin manufacturing our products using our or our customers’ forecasts of demand for our products, which are based on a number of assumptions and estimates and may not be covered by long-term purchase commitments. As a result, we may incur increased inventory and manufacturing costs and/or record impairment charges to the extent anticipated sales ultimately do not materialize or are lower than expected. If we or our customers overestimate demand, or if demand is impacted by factors outside of our or our customers’ control, and such demand is not covered by a binding commitment from our customers, we may experience higher inventory carrying and operating costs and/or increased excess or obsolete inventory or reserve charges, which would negatively impact our results of operations.", "Ticker: QCOM; CIK: 0000804328; Filing Date: 20230924; Filing Year: September 24, 2023; Company Name: QUALCOMM INC/DE\n\nSection: FORM 10-K\nSub-section: QUALCOMM IncorporatedNOTES TO CONSOLIDATED FINANCIAL STATEMENTS\n\nThe table below presents revenues and EBT for reportable segments (in millions):\n,2023,,2022,,2021\nRevenues:,,,,,\nQCT,,$30,382,,,,$37,677,,,,$27,019,\nQTL,5,306,,,6,358,,,6,320,\nQSI,28,,,31,,,45,\nReconciling items,104,,,134,,,182,\nTotal,,$35,820,,,,$44,200,,,,$33,566,\nEBT:,,,,,\nQCT,,$7,924,,,,$12,837,,,,$7,763,\nQTL,3,628,,,4,628,,,4,627,\nQSI,(12),,,(279),,,916,\nReconciling items,(4,097),,,(2,188),,,(3,032),\nTotal,,$7,443,,,,$14,998,,,,$10,274,\nReconciling items for revenues and EBT in the previous table were as follows (in millions):\n,,,,2023,,2022,,2021\nRevenues:,,,,,,,,,,,,\nNonreportable segments,,,,,,,,,$144,,,,$134,,,,$128,\nUnallocated revenues,,,,,,,,(40),,,—,,,54,\n,,,,,,,,,$104,,,,$134,,,,$182,\nEBT:,,,,,,,,,,,,\nUnallocated revenues,,,,,,,,,$(40),,,,$—,,,,$54,\nUnallocated cost of revenues,,,,,,,,(205),,,(266),,,(277),\nUnallocated research and development expenses,,,,,,,,(2,034),,,(1,767),,,(1,820),\nUnallocated selling, general and administrative expenses,,,,,,,,(588),,,(609),,,(538),\nUnallocated other (expense) income (Note 2),,,,,,,,(862),,,1,059,,,—,\nUnallocated interest expense,,,,,,,,(694),,,(490),,,(559),\nUnallocated investment and other income (expense), net,,,,,,,,364,,,(91),,,166,\nNonreportable segments,,,,,,,,(38),,,(24),,,(58),\n,,,,,,,,,$(4,097),,,,$(2,188),,,,$(3,032),", "Ticker: QCOM; CIK: 0000804328; Filing Date: 20230924; Filing Year: September 24, 2023; Company Name: QUALCOMM INC/DE\n\nSection: FORM 10-K\nSub-section: QUALCOMM IncorporatedNOTES TO CONSOLIDATED FINANCIAL STATEMENTS\n\nTotal QCT revenues,,,,,,,,,,$30,382,,,,$37,677,,,,$27,019,\n(1) Includes revenues from products sold for use in mobile handsets.\n(2) Includes revenues from products sold for use in automobiles, including connectivity, digital cockpit and ADAS/AD.\n(3) 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, tracking and logistics and utilities).\nRevenues recognized from performance obligations satisfied (or partially satisfied) in previous periods generally include certain QCT sales-based royalty revenues related to system software, certain amounts related to 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) and were as follows (in millions):\n,2023,,2022,,2021\nRevenues recognized from previously satisfied performance obligations,,$598,,,,$788,,,,$283,\nUnearned revenues (which are considered contract liabilities) consist primarily of certain customer contracts for which QCT received fees upfront and QTL license fees for intellectual property with continuing performance obligations. In fiscal 2023 and fiscal 2022, we recognized revenues of $355 million and $609 million, respectively, that were recorded as unearned revenues at September 25, 2022 and September 26, 2021, respectively.\nRemaining performance obligations, which are primarily included in unearned revenues (as presented on our consolidated balance sheet), represent the aggregate amount of the transaction price of certain customer contracts yet to be\nF-", "Ticker: QCOM; CIK: 0000804328; Filing Date: 20230924; Filing Year: September 24, 2023; Company Name: QUALCOMM INC/DE\n\nSection: FORM 10-K\nSub-section: PART II\nItem 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities\nMarket Information and Dividends\n\nOur common stock is traded on the NASDAQ Global Select Market (NASDAQ) under the symbol “QCOM.” At October 30, 2023, there were 6,124 holders of record of our common stock.\nWe currently intend to continue to pay quarterly cash dividends, subject to capital availability and our view that cash dividends are in the best interests of our stockholders. Future dividends may be affected by, among other items, our views on potential future capital availability and requirements, including those relating to research and development, creation and expansion of sales and distribution channels, investments and acquisitions, legal and regulatory risks, withholding of payments by one or more of our significant licensees and/or customers, fines and/or adverse rulings by government agencies, courts or arbitrators in legal or regulatory matters, stock repurchase programs, debt issuances, changes in federal, state or foreign income tax law, trade and/or national security protection policies, volatility in economies and financial markets or other macroeconomic conditions, and changes to our business model.", "Ticker: QCOM; CIK: 0000804328; Filing Date: 20230924; Filing Year: September 24, 2023; Company Name: QUALCOMM INC/DE\n\nSection: FORM 10-K\nSub-section: Looking Forward\n\nIn the coming years, we expect consumer demand for 3G/4G/5G multimode and 5G products and services to continue to ramp around the world as we continue to transition from 3G/4G multimode and 4G products and services. We believe that 5G combined with high-performance, low-power processing and on-device intelligence will continue to drive adoption of certain technologies that are already commonly used in smartphones by industries and applications beyond mobile handsets, such as automotive and IoT. We believe it is important that we remain a leader in 5G technology development, standardization, intellectual property creation and licensing, and a leading developer and supplier of 5G integrated circuit products in order to sustain and grow our business long term.\nAs we look forward to the next several quarters:\n•We expect certain customers will continue to draw down on their inventory (which remains at elevated levels), which will continue to have a negative impact on our revenues, results of operations and cash flows. This dynamic, along with weaker consumer demand for smartphones and other devices that incorporate our products and technologies in fiscal 2023 relative to the prior year, have also contributed to our elevated inventory levels and contribute to the inherent uncertainties in estimating future customer demand, which may increase excess or obsolete\ninventory or reserve charges if we overestimate such demand, negatively impacting our results of operations and cash flows.\n•We expect to continue to see product cost increases from certain of our key semiconductor wafer suppliers.\n•We expect commercial 5G network deployments and device launches will continue.\n*•*We expect continued intense competition, including from vertical integration by certain of our customers (for example, Samsung and Huawei).\n•Given the continued uncertainty in the macroeconomic and demand environment, we have initiated certain restructuring actions in the fourth quarter of fiscal 2023 to enable investments in key growth and diversification opportunities. We anticipate these actions to be substantially completed in the first half of fiscal 2024.\n•Current U.S./China trade relations and/or national security protection policies may negatively impact our business, growth prospects and results of operations. See “Risk Factors” in this Annual Report, including the Risk Factor titled “*A significant portion of our business is concentrated in China, and the risks of such concentration are exacerbated by U.S./China trade and national security tensions.”*\nFurther, while future developments are highly uncertain, we currently do not expect a significant impact on our results of operations in the future due to the Israel-Hamas war. See “Risk Factors” in this Annual Report, specifically the Risk Factor titled “*Geopolitical conflicts, natural disasters, pandemics and other health crises, and other factors outside of our control, could significantly disrupt our business.*”", "Ticker: QCOM; CIK: 0000804328; Filing Date: 20230924; Filing Year: September 24, 2023; Company Name: QUALCOMM INC/DE\n\nSection: FORM 10-K\nSub-section: QUALCOMM IncorporatedNOTES TO CONSOLIDATED FINANCIAL STATEMENTS\n\n*Purchase Obligations***.** We have agreements with suppliers and other parties to purchase inventory, other goods and services and long-lived assets. Such agreements include multi-year capacity purchase commitments with certain suppliers of our integrated circuit products. Total advance payments related to multi-year capacity purchase commitments recorded on the consolidated balance sheets at September 24, 2023 and September 25, 2022 were $3.3 billion and $3.8 billion, respectively, of which $404 million and $701 million were recorded in other current assets, respectively, and $2.9 billion and $3.1 billion were recorded in other assets, respectively. Integrated circuit product inventory obligations represent purchase commitments (including those under multi-year capacity purchase commitments to the extent such minimum amounts are both fixed and determinable) for raw materials, semiconductor die, finished goods and manufacturing services, such as wafer bump, probe, assembly and final test. Under our manufacturing relationships with our foundry suppliers and assembly and test service providers, cancellation of outstanding purchase commitments is generally allowed but would require payment of costs incurred through the date of cancellation. Also, in some cases, we may be subject to incremental fees and/or the loss of amounts paid in advance due to capacity underutilization and/or the failure to meet minimum purchase volumes under multi-year capacity purchase commitments. Obligations under our purchase agreements, which primarily relate to integrated circuit product inventory obligations, at September 24, 2023 totaled $12.2 billion of which, $6.8 billion is expected to be paid in the next 12 months.*Operating Leases. *We lease certain of our land, facilities and equipment under operating leases, with terms ranging from less than one year to 20 years, some of which include options to extend for up to 20 years. At September 24, 2023 and September 25, 2022, the weighted-average remaining lease term for operating leases was eight years. Operating lease expense for fiscal 2023, 2022 and 2021 was $204 million, $207 million and $203 million, respectively. At September 24, 2023, other assets included $612 million of operating lease assets, with corresponding lease liabilities of $98 million recorded in other current liabilities and $571 million recorded in other liabilities. At September 25, 2022, other assets included $631 million of operating lease assets, with corresponding lease liabilities of $104 million recorded in other current liabilities and $573 million recorded in other liabilities.\nF-", "Ticker: QCOM; CIK: 0000804328; Filing Date: 20230924; Filing Year: September 24, 2023; Company Name: QUALCOMM INC/DE\n\nSection: FORM 10-K\nSub-section: QUALCOMM IncorporatedNOTES TO CONSOLIDATED FINANCIAL STATEMENTS\n\nWe report revenues from external customers by country based on the location to which our products or services are delivered, which for QCT is generally the country in which our customers manufacture their products, and for licensing revenues, the invoiced addresses of our licensees. As a result, the revenues by country presented herein are not necessarily indicative of either the country in which the devices containing our products and/or intellectual property are ultimately sold to consumers or the country in which the companies that sell the devices are headquartered. For example, China revenues could include revenues related to shipments of integrated circuits for a company that is headquartered in South Korea but that manufactures devices in China, which devices are then sold to consumers in Europe and/or the United States. Revenues by country were as follows (in millions):\n,2023,,2022,,2021\nChina (including Hong Kong),,$22,382,,,,$28,119,,,,$22,512,\nVietnam,4,551,,,6,063,,,3,114,\nSouth Korea,3,272,,,3,164,,,2,368,\nUnited States,1,259,,,1,482,,,1,406,\nOther foreign,4,356,,,5,372,,,4,166,\n,,$35,820,,,,$44,200,,,,$33,566,", "Ticker: QCOM; CIK: 0000804328; Filing Date: 20230924; Filing Year: September 24, 2023; Company Name: QUALCOMM INC/DE\n\nSection: FORM 10-K\nSub-section: QUALCOMM IncorporatedNOTES TO CONSOLIDATED FINANCIAL STATEMENTS\nNote 1. Significant Accounting Policies\n\nWe are a global leader in the development and commercialization of foundational technologies for the wireless industry, including 3G, 4G and 5G wireless connectivity, and high-performance and low-power computing including on-device artificial intelligence (AI). Our technologies and products are used in mobile devices and other wireless products, including those used in the internet of things (IoT) and automotive systems for connectivity, digital cockpit and advanced driver assistance and automated driving (ADAS/AD). We derive revenues principally from sales of integrated circuit products and through the licensing of our intellectual property, including patents and other rights. *Principles of Consolidation.* The consolidated financial statements include the assets, liabilities and operating results of Qualcomm, its subsidiaries and any variable interest entities for which we are deemed to be the primary beneficiary (Note 9). Intercompany transactions and balances have been eliminated.*Financial Statement Preparation.* The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (GAAP) requires management to make estimates and assumptions that affect the reported amounts and the disclosure of contingent amounts in our consolidated financial statements and the accompanying notes. Examples of our significant accounting estimates and policies that may involve a higher degree of judgment and complexity than others include: the estimation of sales-based royalty revenues; the impairment of non-marketable equity investments; the valuation of inventories; the impairment of goodwill, other indefinite-lived assets and long-lived assets; the recognition, measurement and disclosure of loss contingencies related to legal and regulatory proceedings; and the calculation of our income tax provision, including the recognition and measurement of uncertain tax positions. Actual results could differ from those estimates. Certain prior year amounts have been reclassified to conform to the current year presentation.*Fiscal Year.* We operate and report using a 52-53 week fiscal year ending on the last Sunday in September. The fiscal years presented each included 52 weeks. *Cash Equivalents.* We consider all highly liquid investments with original maturities of 90 days or less to be cash equivalents. Cash equivalents may be comprised of money market funds, certificates of deposit, commercial paper, corporate bonds and notes, certain bank time and demand deposits, U.S. Treasury securities and government-related securities. The carrying amounts approximate fair value due to the short maturities of these instruments.*Marketable Securities.* Marketable securities include marketable equity securities, available-for-sale debt securities and, from time-to-time, certain time deposits. We classify marketable securities as current or noncurrent based on the nature of the securities and their availability for use in current operations. Marketable securities are stated at fair value with all realized and unrealized gains and losses on investments in marketable equity securities and realized gains and losses on available-for-sale debt securities recognized in investment and other income (expense), net. Debt securities are classified as available-for-sale or held-to-maturity at the time of purchase and reevaluated at each balance sheet date. The realized and unrealized gains and losses on marketable securities are determined using the specific identification method.If a debt security has an unrealized loss and we either intend to sell the security or it is more likely than not that we will be required to sell the security before its anticipated recovery, we record an impairment charge to investment and other income (expense), net for the entire amount of the unrealized loss and adjust the amortized cost basis of the security. For the remaining debt securities, if an unrealized loss exists, we separate the impairment into the portion of the loss related to credit factors and the portion of the loss that is not related to credit factors. Unrealized gains or unrealized losses that are not related to credit factors on available-for-sale debt securities are recorded as a component of accumulated other comprehensive income (loss), net of income taxes. Unrealized losses that are related to credit loss factors on available-for-sale debt securities and subsequent adjustments to the credit loss are recorded as an allowance for credit losses, which is included in investment and other income (expense), net. In evaluating whether a credit loss exists, we consider a variety of factors, including the significance of the decline in value as compared to the cost basis; underlying factors contributing to a decline in the prices of securities in a single asset class; the security’s relative performance versus its peers, sector or asset class; the market and economy in general; views of external investment managers; news or financial information that has been released specific to the investee; and the outlook for the overall industry in which the investee operates.*Equity Method and Non-marketable Equity Investments. *Equity investments for which we have significant influence, but not control, over the investee and are not the primary beneficiary of the investee’s activities are accounted for under the equity method. Our share of gains and losses in equity method investments are recorded in investment and other income (expense), net. We eliminate unrealized profit or loss related to transactions with equity method investees in relation to our ownership interest in the investee, which is recorded as a component of equity in net earnings (losses) in investees in investment and other income (expense), net. Non-marketable equity investments (for which we do not have significant influence or control) are investments without readily determinable fair values that are recorded based on initial cost minus impairment, if any, plus or minus adjustments resulting from observable price changes in orderly transactions for identical or similar securities, if any. All gains and losses on investments in non-marketable equity securities, realized and unrealized, are recognized in investment and other income (expense), net. We monitor equity method and non-marketable equity investments for events or circumstances that could indicate the investments are impaired, such as a deterioration in the investee’s financial condition and business forecasts and lower valuations in recently completed or anticipated financings, and recognize a charge to investment and other income (expense), net for the difference between the estimated fair value and the carrying value. For", "Ticker: WMT; CIK: 0000104169; Filing Date: 20240131; Filing Year: January 31, 2024; Company Name: WALMART INC.\n\nSection: FORM 10-K\nSub-section: Note 6. Short-term Borrowings and Long-term Debt\nSub-subsection: Maturities and Extinguishments\n\nThe following tables provide details of significant long-term debt repayments during fiscal 2024 and 2023:\n(Amounts in millions),,,,,,,,\nMaturity Date,,Principal Amount,,Fixed vs. Floating,,Interest Rate,,Repayment\nApril 11, 2023,,$1,750,,Fixed,,2.550%,,,$1,750,\nJune 26, 2023,,$2,280,,Fixed,,3.400%,,2,280\nTotal repayment of matured debt,,,,,,,,,$4,030,\n(Amounts in millions),,,,,,,,\nMaturity Date,,Principal Amount,,Fixed vs. Floating,,Interest Rate,,Repayment\nApril 8, 2022,,€850,,Fixed,,1.900%,,,$927,\nJuly 15, 2022,,¥70,000,,Fixed,,0.183%,,512\nDecember 15, 2022,,$1,250,,Fixed,,2.350%,,1,250\nTotal repayment of matured debt,,,,,,,,,$2,689,", "Ticker: QCOM; CIK: 0000804328; Filing Date: 20230924; Filing Year: September 24, 2023; Company Name: QUALCOMM INC/DE\n\nSection: FORM 10-K\nSub-section: Management’s Report on Internal Control over Financial Reporting\n\nOur management is responsible for establishing and maintaining adequate internal control over financial reporting, as such term is defined in Exchange Act Rule 13a-15(f). Under the supervision and with the participation of our management, including our principal executive officer and our principal financial officer, we conducted an evaluation of the effectiveness of our internal control over financial reporting based on the framework in *Internal Control — Integrated Framework (2013)* issued by the Committee of Sponsoring Organizations of the Treadway Commission. Based on our evaluation under this framework, our management concluded that our internal control over financial reporting was effective as of September 24, 2023.\nPricewaterhouseCoopers LLP, the independent registered public accounting firm that audited our consolidated financial statements included in this Annual Report, has also audited the effectiveness of our internal control over financial reporting as of September 24, 2023, as stated in its report which appears on pages F-1 through F-2 in this Annual Report.", "Ticker: QCOM; CIK: 0000804328; Filing Date: 20230924; Filing Year: September 24, 2023; Company Name: QUALCOMM INC/DE\n\nSection: FORM 10-K\nSub-section: GENERAL RISK FACTORS\nSub-subsection: We operate in the highly cyclical semiconductor industry, which is subject to significant downturns. We are also susceptible to declines in global, regional and local economic conditions generally. Our stock price and financial results are subject to substantial quarterly and annual fluctuations due to these dynamics, among others.\n\nThe semiconductor industry is highly cyclical, volatile, subject to downturns and characterized by constant and rapid technological change, price erosion, evolving technical standards, frequent new product introductions, short product life cycles and fluctuations in product supply and demand. Periods of downturns have been characterized by diminished demand for end-user products, high inventory levels, excess or obsolete inventory adjustments or reserves, underutilization of manufacturing capacity, changes in revenue mix and erosion of average selling prices. We expect our business to continue to be subject to such cyclical downturns. During such downturns, our revenues may decline, and our results of operations and financial condition may be adversely impacted. We are currently seeing and expect to continue to see weakness in the macroeconomic environment (negatively impacting consumer demand for smartphones and other devices that incorporate our products and technologies) and elevated inventory levels at certain of our customers (negatively impacting the volume of chipsets they purchase from us until such inventory is depleted). Until these conditions improve, we expect that both of these dynamics will have a negative impact on our revenues, results of operations and cash flows.\nA decline in global, regional or local economic conditions, such as we are currently seeing, or a slow-down in economic growth, particularly in geographic regions with high concentrations of wireless voice and data users or high concentrations of our customers or licensees, could also have adverse, wide-ranging effects on our business and financial results, including: a decrease in demand for our products and technologies; a decrease in demand for the products and services of our customers or licensees; the inability of our suppliers to deliver on their supply commitments to us, our inability to supply our products to our customers and/or the inability of our customers or licensees to supply their products to end users; the insolvency of key suppliers, customers or licensees; delays in reporting or payments from our customers or licensees; failures by counterparties; and/or negative effects on wireless device inventories. In addition, our customers’ and licensees’ ability to purchase or pay for our products and intellectual property and network operators’ ability to upgrade their wireless networks could be adversely affected, potentially leading to a reduction, cancellation or delay of orders for our products. Further, inflationary pressure may increase our costs, including employee compensation costs, reduce demand for our products or those of our customers or licensees due to increased prices of those products, or result in employee attrition to the extent our compensation does not keep up with inflation, particularly if our competitors’ compensation does.", "Ticker: AVGO; CIK: 0001730168; Filing Date: 20231029; Filing Year: October 29, 2023; Company Name: Broadcom Inc.\n\nSub-section: 9. Borrowings\nSub-subsection: Future Principal Payments of Debt\n\nThe future scheduled principal payments of debt as of October 29, 2023 were as follows:\nFiscal Year:,,Future Scheduled Principal Payments\n,,(In millions)\n2024,,,$1,563,\n2025,,495,\n2026,,1,652,\n2027,,3,137,\n2028,,2,645,\nThereafter,,31,323,\nTotal,,,$40,815,\nAs of October 29, 2023 and October 30, 2022, we were in compliance with all debt covenants.\nTable of Contents", "Ticker: QCOM; CIK: 0000804328; Filing Date: 20230924; Filing Year: September 24, 2023; Company Name: QUALCOMM INC/DE\n\nSection: FORM 10-K\nSub-section: GENERAL RISK FACTORS\nSub-subsection: We operate in the highly cyclical semiconductor industry, which is subject to significant downturns. We are also susceptible to declines in global, regional and local economic conditions generally. Our stock price and financial results are subject to substantial quarterly and annual fluctuations due to these dynamics, among others.\n\nOur stock price and financial results have fluctuated in the past and are likely to fluctuate in the future. Factors that may have a significant impact on the market price of our stock and our financial results include those identified above and throughout this Risk Factors section, as well as: volatility of the stock market in general and technology and semiconductor companies in particular; announcements concerning us, our suppliers, our competitors or our customers or licensees, including any announcement concerning the initiation of, or any developments in, any lawsuit or governmental investigation or proceeding against us; and variations between our actual financial results or guidance and expectations of securities analysts or investors, among others. In the past, securities class action litigation has been brought against companies following periods of volatility in the market price of their securities, among other reasons. We are and may in the future be the target of securities litigation. Securities litigation could result in substantial uninsured costs and divert management’s attention and our resources. Certain legal matters, including certain securities litigation brought against us, are described in this Annual Report in “Notes to Consolidated Financial Statements, Note 7. Commitments and Contingencies.”", "Ticker: QCOM; CIK: 0000804328; Filing Date: 20230924; Filing Year: September 24, 2023; Company Name: QUALCOMM INC/DE\n\nSection: FORM 10-K\nSub-section: Item 6. (Reserved)\nSub-subsection: Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations\n\nThe following discussion and analysis of our financial condition and results of operations should be read in conjunction with our consolidated financial statements and related notes included in “Part II, Item 8. Financial Statements and Supplementary Data” of this Annual Report.\nThe following section generally discusses fiscal 2023 and 2022 items and year-to-year comparisons between fiscal 2023 and 2022. Discussions of fiscal 2021 items and year-to-year comparisons between fiscal 2022 and 2021 that are not included in this Annual Report can be found in “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Part II, Item 7 of our Annual Report on Form 10-K for the fiscal year ended September 25, 2022.", "Ticker: QCOM; CIK: 0000804328; Filing Date: 20230924; Filing Year: September 24, 2023; Company Name: QUALCOMM INC/DE\n\nSection: FORM 10-K\nSub-section: SCHEDULE II\nQUALCOMM Incorporated\nVALUATION AND QUALIFYING ACCOUNTS\n\nThe table below details the activity of the valuation allowance on deferred tax assets for fiscal 2023, 2022 and 2021 (in millions):\n,Balance atBeginning ofPeriod,,Charged (Credited) toCosts andExpenses,,,,Other,,Balance atEnd ofPeriod\nYear ended September 24, 2023,,$2,223,,,,$(420),,,,,,$—,,,,$1,803,\nYear ended September 25, 2022,1,926,,,278,,,,,19,,,2,223,\nYear ended September 26, 2021,1,728,,,197,,,,,1,,,1,926,\nS-1", "Ticker: QCOM; CIK: 0000804328; Filing Date: 20230924; Filing Year: September 24, 2023; Company Name: QUALCOMM INC/DE\n\nSection: FORM 10-K\nSub-section: Fiscal 2023 Overview\n\nRevenues were $35.8 billion, a decrease of 19% compared to revenues of $44.2 billion in fiscal 2022, with net income of $7.2 billion, a decrease of 44% compared to net income of $12.9 billion in fiscal 2022. Key items from fiscal 2023 included:\n•Revenues were negatively impacted by the weakness in the macroeconomic environment (which negatively impacted consumer demand for smartphones and other devices that incorporate our products and technologies) and our customers drawing down on their inventory (which were at elevated levels).\n•QCT revenues decreased by 19% in fiscal 2023 compared to the prior year, primarily due to lower handset and IoT revenues.\n•QTL revenues decreased by 17% in fiscal 2023 compared to the prior year.\n•We recorded other expenses of $862 million in fiscal 2023, primarily related to restructuring and restructuring-related charges, compared to a$1.1 billion benefit recorded to other income in fiscal 2022 resulting from the 2018 European Commission (EC) fine reversal.\n•Our effective income tax rate was 1% in fiscal 2023 compared to 13% in the prior year, reflecting certain additional foreign-derived intangible income (FDII) deductions in fiscal 2023.", "Ticker: QCOM; CIK: 0000804328; Filing Date: 20230924; Filing Year: September 24, 2023; Company Name: QUALCOMM INC/DE\n\nSection: FORM 10-K\nSub-section: Securities registered pursuant to Section 12(g) of the Act:\n\nThe aggregate market value of the voting and non-voting common equity held by non-affiliates of the registrant at March 24, 2023 (the last business day of the registrant’s most recently completed second fiscal quarter) was $138.9 billion, based upon the closing price of the registrant’s common stock on that date as reported on the NASDAQ Global Select Market.\nThe number of shares outstanding of the registrant’s common stock was 1,113 million at October 30, 2023.", "Ticker: QCOM; CIK: 0000804328; Filing Date: 20230924; Filing Year: September 24, 2023; Company Name: QUALCOMM INC/DE\n\nSection: FORM 10-K\nSub-section: Liquidity and Capital Resources\nSub-subsection: Capital Return Program.\n\nThe following table summarizes stock repurchases, before commissions, and dividends paid during fiscal 2023 and 2022 (in millions, except per-share amounts):\n,,Stock Repurchase Program,,Dividends,,Total\n,,Shares,,Average Price Paid Per Share,,Amount,,Per Share,,Amount,,Amount\n2023,,25,,,,$117.93,,,,$2,973,,,,$3.10,,,,$3,462,,,,$6,435,\n2022,,21,,,149.95,,,3,129,,,2.86,,,3,212,,,6,341,\nOn October 12, 2021, we announced a $10.0 billion stock repurchase program. The stock repurchase program has no expiration date. At September 24, 2023, $5.1 billion remained authorized for repurchase under our stock repurchase program. Our stock repurchase programs are subject to periodic evaluations to determine when and if repurchases are in the best interests of our stockholders, and we may accelerate, suspend, delay or discontinue repurchases at any time.\nOn October 13, 2023, we announced a cash dividend of $0.80 per share on our common stock, payable on December 14, 2023 to stockholders of record as of the close of business on November 30, 2023. We currently intend to continue to use cash dividends as a means of returning capital to stockholders, subject to capital availability and our view that cash dividends are in the best interests of our stockholders, among other factors.\n*Additional Capital Requirements***.** Recent and expected working and other capital requirements, in addition to the above matters, also include the items described below:\n•Our purchase obligations at September 24, 2023, which primarily relate to purchase commitments with certain suppliers of our integrated circuit products, including those under multi-year capacity commitments, totaled $12.2 billion, of which, $6.8 billion is expected to be paid in the next 12 months.\n•Our research and development expenditures were $8.8 billion in fiscal 2023 and $8.2 billion in fiscal 2022.\n•Cash outflows for capital expenditures were $1.5 billion in fiscal 2023 and $2.3 billion in fiscal 2022. We reduced our capital expenditures in fiscal 2023 in response to the weakness in the macroeconomic environment (which negatively impacted consumer demand for smartphones and other devices that incorporate our products and technologies).\n*•*Amounts related to future lease payments for operating lease obligations at September 24, 2023 totaled $872 million, with $116 million expected to be paid within the next 12 months.", "Ticker: QCOM; CIK: 0000804328; Filing Date: 20230924; Filing Year: September 24, 2023; Company Name: QUALCOMM INC/DE\n\nSection: FORM 10-K\nSub-section: Segment Results\nSub-subsection: 2023 vs. 2022\n\nThe decrease in QTL licensing revenues in fiscal 2023 was primarily due to:\n**-    **$730 million decrease in estimated sales of 3G/4G/5G-based multimode products, primarily driven by the macroeconomic environment weakness\n**-**$205 million decrease in revenues from the ending of the recognition of certain upfront license fee consideration in the first quarter of fiscal 2023 from our long-term license agreement with Nokia\nQTL EBT as a percentage of revenues decreased in fiscal 2023 primarily due to lower revenues.", "Ticker: VZ; CIK: 0000732712; Filing Date: 20231231; Filing Year: December 31, 2023; Company Name: Verizon Communications Inc.\n\nSub-section: 2022\nSub-subsection: Proceeds from and Repayments, Redemptions, and Repurchases of Long-Term Borrowings\n\nAt December 31, 2022, our total debt was $150.6 billion. During the year ended December 31, 2022, our effective interest rate was 3.7%. We have entered into interest rate swaps to achieve a targeted mix of fixed and variable rate debt, managing our exposure to changes in interest rates. See \"Market Risk\" and Note 7 to the consolidated financial statements for additional information.\nAt December 31, 2022, approximately $34.0 billion, or 22.5%, of the aggregate principal amount of our total debt portfolio consisted of foreign denominated debt, primarily Euro and British Pound Sterling. We have entered into cross currency swaps on our foreign denominated debt in order to fix our future interest and principal payments in U.S. dollars and mitigate the impact of foreign currency transaction gains or losses. See \"Market Risk\" for additional information.", "Ticker: QCOM; CIK: 0000804328; Filing Date: 20230924; Filing Year: September 24, 2023; Company Name: QUALCOMM INC/DE\n\nSection: FORM 10-K\nSub-section: Results of Operations\nSub-subsection: 2023 vs. 2022\n\nThe decrease in revenues in fiscal 2023 was primarily due to:\n**-**    $7.2 billion in lower equipment and services revenue from our QCT segment\n**-    **$1.1 billion in lower licensing revenues from our QTL segment\nCosts and Expenses (in millions, except percentages),,,,\n,2023,,2022,,,,Change,,\nCost of revenues,,$15,869,,,,$18,635,,,,,,$(2,766),,,\nGross margin,56%,,,58%,,,,,,,", "Ticker: QCOM; CIK: 0000804328; Filing Date: 20230924; Filing Year: September 24, 2023; Company Name: QUALCOMM INC/DE\n\nSection: FORM 10-K\nSub-section: QUALCOMM IncorporatedNOTES TO CONSOLIDATED FINANCIAL STATEMENTS\n\nUnrealized gains on other investments and marketable securities,(101),,,(84),\nProperty, plant and equipment,(52),,,(101),\nOther,(118),,,(98),\nTotal deferred tax liabilities,(800),,,(782),\nNet deferred tax assets,,$3,199,,,,$1,636,\nReported as:,,,\nNon-current deferred tax assets,,$3,310,,,,$1,803,\nNon-current deferred tax liabilities (1),(111),,,(167),\n,,$3,199,,,,$1,636,\n(1) Non-current deferred tax liabilities were included in other liabilities in the consolidated balance sheets.\nAt September 24, 2023, we had unused federal net operating loss carryforwards of $448 million, of which $118 million expire from 2024 through 2037 and $330 million may be carried forward indefinitely, unused state net operating loss carryforwards of $707 million expiring from 2024 through 2037 and unused foreign net operating loss carryforwards of $910 million, of which substantially all may be carried forward indefinitely. At September 24, 2023, we had unused state tax credits of $1.7 billion, of which substantially all may be carried forward indefinitely, unused federal tax credits of $134 million expiring from 2028 through 2041 and unused tax credits of $54 million in foreign jurisdictions expiring from 2034 through 2043. We do not expect our federal net operating loss carryforwards to expire unused.\nAt September 24, 2023, we have provided a valuation allowance on certain state tax credits, foreign deferred tax assets and state net operating losses of $1.7 billion, $77 million and $36 million respectively. The valuation allowance reflects the\nF-", "Ticker: QCOM; CIK: 0000804328; Filing Date: 20230924; Filing Year: September 24, 2023; Company Name: QUALCOMM INC/DE\n\nSection: FORM 10-K\nSub-section: ESG\n\nWe center our ESG efforts around purposeful innovation, focusing on three strategic areas where we believe we can have the biggest impact:\n•*Empowering Digital Transformation.*We believe technology can transform industries, businesses, communities and individual lives. We invent solutions that are foundational to the advancement of the global wireless ecosystem, improving how we work, live and, ultimately, thrive.\n•*Acting Responsibly.* We invest in our people, strive to always behave with integrity and implement governance standards that uphold Qualcomm’s values. We are committed to responsible business practices, from upholding diversity, equity and inclusion, to protecting privacy, to providing leading development programs and fostering an ethical culture.\n•*Operating Sustainably.*We aim to maintain safe, healthy and productive working conditions and conserve natural resources. Our environmental efforts center on reducing greenhouse gas (GHG) emissions, optimizing energy consumption, managing water usage and minimizing waste throughout our operations and the communities in which we work.\n*2025 Goals. *Our *2025 Goals* related to corporate responsibility include, among others:\n•Reducing our absolute Scope 1 and Scope 2 GHG emissions by 30% from global operations, from a 2014 base year.\n•Reducing power consumption by 10% every year in our flagship Snapdragon Mobile Platform products (given equivalent features).\n•Ensuring 100% of our primary semiconductor manufacturing suppliers are audited every 2-years for conformance to our Supplier Code of Conduct, from a 2020 base year.\n*Net-Zero Global GHG Emissions Commitment.*Qualcomm has approved near and long-term science-based emissions reduction targets with the Science Based Targets Initiative (SBTi), including: (1) reduce absolute Scope 1 and 2 GHG emissions by 50% by 2030 from a 2020 base year; (2) reduce absolute Scope 3 GHG emissions by 25% by 2030 from a 2020 base year; and (3) reach net-zero GHG emissions across the value chain by 2040.\nThe foregoing discussion includes information regarding ESG matters that we believe may be of interest to our stockholders generally. We recognize that certain other stakeholders (such as customers, employees and non-governmental organizations), as well as certain of our stockholders, may be interested in more detailed information on these topics. We encourage you to review our most recent Qualcomm Corporate Responsibility Report (located on our website) for more detailed information regarding our Corporate Responsibility and ESG governance, goals, priorities, accomplishments and initiatives, as well as the Corporate Governance section of our most recent Proxy Statement, and our Corporate Governance Principles and Practices (located on our website), for additional information regarding governance matters, including Board\nand Committee leadership, oversight, roles and responsibilities, and Director independence, tenure, refreshment and diversity. Nothing on our website, including the aforementioned reports and documents, or sections thereof, shall be deemed incorporated by reference into this Annual Report.", "Ticker: QCOM; CIK: 0000804328; Filing Date: 20230924; Filing Year: September 24, 2023; Company Name: QUALCOMM INC/DE\n\nSection: FORM 10-K\nSub-section: Results of Operations\nSub-subsection: 2023 vs. 2022\n\nThe decrease in selling, general and administrative expenses in fiscal 2023 was primarily due to:\n**-**    $109 million decrease in employee-related expenses (which included lower employee cash incentive program costs)\n**-**    $95 million decrease in acquisition-related expenses, primarily related to the Veoneer transaction which closed in the third quarter of fiscal 2022\n**+**    $99 million increase in expenses driven by revaluation of our deferred compensation obligation on higher relative stock market performance\n,2023,,2022,,,,Change,,\nOther expense (income),,$862,,,,$(1,059),,,,,,$1,921,,,", "Ticker: WMT; CIK: 0000104169; Filing Date: 20240131; Filing Year: January 31, 2024; Company Name: WALMART INC.\n\nSection: FORM 10-K\nSub-section: Liquidity and Capital Resources\nLiquidity\nSub-subsection: Long-term Debt\n\nThe following table provides the changes in our long-term debt for fiscal 2024:\n(Amounts in millions),,Long-term debt due within one year,,Long-term debt,,Total\nBalances as of February 1, 2023,,,$4,191,,,,$34,649,,,,$38,840,\nProceeds from issuance of long-term debt,,—,,,4,967,,,4,967,\nRepayments of long-term debt,,(4,213),,,(4),,,(4,217),\nReclassifications of long-term debt,,3,486,,,(3,486),,,—,\nCurrency and other adjustments,,(17),,,6,,,(11),\nBalances as of January 31, 2024,,,$3,447,,,,$36,132,,,,$39,579,\nOur total outstanding long-term debt increased $0.7 billion during fiscal 2024, primarily due to the issuance of new long-term debt in April 2023, partially offset by the maturities of certain long-term debt. Refer to Note 6 to our Consolidated Financial Statements for details on the issuances of long-term debt.\nEstimated contractual interest payments associated with our long-term debt amount to $20.2 billion, with approximately $1.8 billion expected to be paid in fiscal 2025. Estimated interest payments are based on our principal amounts and expected maturities of all debt outstanding as of January 31, 2024, and assumes interest rates remain at current levels for our variable rate instruments.", "Ticker: QCOM; CIK: 0000804328; Filing Date: 20230924; Filing Year: September 24, 2023; Company Name: QUALCOMM INC/DE\n\nSection: FORM 10-K\nSub-section: PART IV\nItem 15. Exhibits and Financial Statement Schedules\n\n10.23,,Forms of Non-Employee Director Deferred Stock Unit Grant Notices and Non-Employee Director Deferred Stock Unit Agreements under the 2023 Long-Term Incentive Plan for Non-Employee Directors in Hong Kong. (2),,10-Q,,5/3/2023,,10.28,,\n21,,Subsidiaries of the Company.,,,,,,,,X\n23.1,,Consent of Independent Registered Public Accounting Firm.,,,,,,,,X\n31.1,,Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 for Cristiano R. Amon.,,,,,,,,X\n31.2,,Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 for Akash Palkhiwala.,,,,,,,,X\n32.1,,Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, for Cristiano R. Amon.,,,,,,,,X\n32.2,,Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, for Akash Palkhiwala.,,,,,,,,X\n97,,Incentive Compensation Repayment Policy (Policy Relating to Recovery of Erroneously Awarded Compensation).,,,,,,,,X\n101.INS,,Inline XBRL Instance Document.,,,,,,,,X\n101.SCH,,Inline XBRL Taxonomy Extension Schema.,,,,,,,,X\n101.CAL,,Inline XBRL Taxonomy Extension Calculation Linkbase.,,,,,,,,X\n101.LAB,,Inline XBRL Taxonomy Extension Labels Linkbase.,,,,,,,,X\n101.PRE,,Inline XBRL Taxonomy Extension Presentation Linkbase.,,,,,,,,X\n101.DEF,,Inline XBRL Taxonomy Extension Definition Linkbase.,,,,,,,,X\n104,,Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101).,,,,,,,,\n(1) We shall furnish supplementally a copy of any omitted schedule to the Commission upon request.\n(2) Indicates management contract or compensatory plan or arrangement required to be identified pursuant to Item 15(a).", "Ticker: QCOM; CIK: 0000804328; Filing Date: 20230924; Filing Year: September 24, 2023; Company Name: QUALCOMM INC/DE\n\nSection: FORM 10-K\nSub-section: RISKS RELATED TO INDUSTRY DYNAMICS AND COMPETITION\nSub-subsection: Our industry is subject to intense competition in an environment of rapid technological change. Our success depends in part on our ability to adapt to such change and compete effectively; and such change and competition could result in decreased demand for our products and technologies or declining average selling prices for our products or those of our customers or licensees.\n\nOur products and technologies face significant competition. Competition may intensify as our current competitors expand their product offerings, improve their products or reduce the prices of their products as part of a strategy to maintain existing business and customers or attract new business and customers, as new opportunities develop, and as new competitors enter the industry. Competition in wireless communications is affected by various factors that include, among others: OEM concentrations; vertical integration; competition in certain geographic regions; government intervention or support of national industries or competitors; the ability to maintain product differentiation in light of evolving industry standards and speed of technological change (including the transition to smaller geometry process technologies, the demand for always on, always connected capabilities, the increasing use of AI and machine learning technologies and the need to run complex AI-based applications on devices); access to capacity in the supply chain; and value-added features that drive selling prices and consumer demand for new devices.\nWe anticipate that additional competitors will introduce products as a result of growth opportunities in wireless communications, the trend toward global expansion by foreign and domestic competitors, and technological and public policy changes. Additionally, the semiconductor industry has experienced and may continue to experience consolidation, which could result in significant changes to the competitive landscape. For example, if any key supplier of technologies and intellectual property to the semiconductor industry was sold to one of our competitors, it could negatively affect our ability to procure or license such technologies and intellectual property in the future, at all or upon acceptable terms, which could have wide-ranging impacts on our business and operations.\nWe expect that our future success will depend on, among other factors, our ability to:\n•differentiate our integrated circuit products with innovative technologies across multiple products and features (e.g., modem, RFFE including millimeter wave (mmWave), graphics and other processors, camera, connectivity and on-device AI) and with smaller geometry process technologies that drive both performance and lower power consumption;\n•develop and offer integrated circuit products at competitive cost and price points and to effectively cover all geographic regions and all device tiers;\n•continue to be a leader in mobile, and drive the adoption of our technologies and integrated circuit products into the most popular device models and across a broad spectrum of devices in mobile, such as smartphones, tablets, laptops and other mobile computing devices;\n•increase or accelerate adoption of our technologies and products in industries and applications outside of mobile handsets, including automotive and IoT;\n•maintain or accelerate demand for our integrated circuit products at the premium device tier, while also driving the adoption of our products into high, mid- and low-tier devices across all regions;\n•remain a leader in 5G technology development, standardization, intellectual property creation and licensing, and develop, commercialize and remain a leading supplier of 5G integrated circuit products, including RFFE products;\n•maintain access to sufficient capacity in the supply chain relative to our competitors to meet customer demand;", "Ticker: QCOM; CIK: 0000804328; Filing Date: 20230924; Filing Year: September 24, 2023; Company Name: QUALCOMM INC/DE\n\nSection: FORM 10-K\nSub-section: QUALCOMM IncorporatedNOTES TO CONSOLIDATED FINANCIAL STATEMENTS\nNote 5. Employee Benefit Plans\n\n*Equity Compensation Plans.* On March 8, 2023, our stockholders approved the Qualcomm Incorporated 2023 Long-Term Incentive Plan (the 2023 Plan), as a successor to and continuation of our Amended and Restated Qualcomm Incorporated 2016 Long-Term Incentive Plan (the Prior Plan), and to increase the share reserve by 82 million shares. Effective on and after that date, no new awards were granted under the Prior Plan, although all outstanding awards under the Prior Plan remained outstanding according to their terms and the terms of the Prior Plan. The 2023 Plan provides for the grant of RSUs and other stock-based awards. The RSUs generally include dividend-equivalent rights and vest over three years from the date of grant. The Board of Directors may amend or terminate the 2023 Plan at any time. Certain amendments, including an increase in the share reserve, require stockholder approval. At September 24, 2023, approximately 88 million shares were available for future grant under the 2023 Plan.\nThe following is a summary of employee RSU transactions that contain only service requirements to vest:\n,Number of Shares(in millions),,Weighted-AverageGrant Date Fair Value,,\nRSUs outstanding at September 25, 2022,30,,,,$127.58,,,\nRSUs granted,25,,,116.80,,,\nRSUs canceled/forfeited,(3),,,124.51,,,\nRSUs vested,(17),,,122.19,,,\nRSUs outstanding at September 24, 2023,35,,,122.86,,,\nThe weighted-average estimated grant date fair values of employee RSUs that contain only service requirements to vest granted during fiscal 2022 and 2021 were $136.09 and $124.22 per share, respectively. Upon vesting, we issue new shares of common stock. For the majority of RSUs, shares are issued on the vesting dates net of the amount of shares needed to satisfy statutory tax withholding requirements to be paid by us on behalf of the employees. As a result, the actual number of shares issued will be fewer than the number of RSUs outstanding. The annual pre-vest forfeiture rate for RSUs was estimated to be approximately 7%, 6% and 6% in fiscal 2023, 2022 and 2021, respectively.", "Ticker: QCOM; CIK: 0000804328; Filing Date: 20230924; Filing Year: September 24, 2023; Company Name: QUALCOMM INC/DE\n\nSection: FORM 10-K\nSub-section: Revenue Concentrations and Significant Customers\n\nA small number of customers/licensees historically have accounted for a significant portion of our consolidated revenues. In fiscal 2023, revenues from Apple and Samsung each comprised 10% or more of our consolidated revenues. Additional information regarding revenue concentrations is provided in this Annual Report in “Notes to Consolidated Financial Statements, Note 2. Composition of Certain Financial Statement Items” and “Notes to Consolidated Financial Statements, Note 8. Segment Information.”", "Ticker: QCOM; CIK: 0000804328; Filing Date: 20230924; Filing Year: September 24, 2023; Company Name: QUALCOMM INC/DE\n\nSection: FORM 10-K\nSub-section: Report of Independent Registered Public Accounting Firm\nSub-subsection: Opinions on the Financial Statements and Internal Control over Financial Reporting\n\nWe have audited the accompanying consolidated balance sheets of QUALCOMM Incorporated and its subsidiaries (the “Company”) as of September 24, 2023 and September 25, 2022, and the related consolidated statements of operations, comprehensive income, stockholders’ equity and cash flows for each of the three years in the period ended September 24, 2023, including the related notes and financial statement schedule listed in the index appearing under Item 15(a)(2) (collectively referred to as the “consolidated financial statements”). We also have audited the Company's internal control over financial reporting as of September 24, 2023, based on criteria established in *Internal Control - Integrated Framework* (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO).\nIn our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of the Company as of September 24, 2023 and September 25, 2022, and the results of its operations and its cash flows for each of the three years in the period ended September 24, 2023 in conformity with accounting principles generally accepted in the United States of America. Also in our opinion, the Company maintained, in all material respects, effective internal control over financial reporting as of September 24, 2023, based on criteria established in *Internal Control - Integrated Framework* (2013) issued by the COSO.", "Ticker: QCOM; CIK: 0000804328; Filing Date: 20230924; Filing Year: September 24, 2023; Company Name: QUALCOMM INC/DE\n\nSection: FORM 10-K\nSub-section: Segment Results\nSub-subsection: 2023 vs. 2022\n\nThe decrease in QSI loss before income taxes in fiscal 2023 was primarily due to a $350 million decrease in net losses on investments, which was primarily driven by the change in fair value of certain of our marketable equity investments in early or growth stage companies, partially offset by a $61 million increase in impairment losses on certain investments.", "Ticker: QCOM; CIK: 0000804328; Filing Date: 20230924; Filing Year: September 24, 2023; Company Name: QUALCOMM INC/DE\n\nSection: FORM 10-K\nSub-section: QUALCOMM IncorporatedNOTES TO CONSOLIDATED FINANCIAL STATEMENTS\nNote 5. Employee Benefit Plans\n\nAt September 24, 2023, total unrecognized compensation expense related to such non-vested RSUs granted prior to that date was $2.9 billion, which is expected to be recognized over a weighted-average period of 1.8 years. The total vest-date fair value of such RSUs that vested during fiscal 2023, 2022 and 2021 was $2.1 billion, $2.9 billion and $2.6 billion, respectively. The total shares withheld to satisfy statutory tax withholding requirements related to all share-based awards were 4 million, 5 million and 5 million in fiscal 2023, 2022 and 2021, respectively and were based on the value of the awards on their vesting dates as determined by our closing stock price.\nThe total tax benefits realized, including the excess tax benefits, related to share-based awards during fiscal 2023, 2022 and 2021 were $435 million, $627 million and $567 million, respectively.\n*Employee Stock Purchase Plan.* We have an employee stock purchase plan that allows eligible employees to purchase shares of common stock at 85% of the value of our common stock on specific dates through periodic payroll deductions. The shares reserved for future issuance under the employee stock purchase plan were 19 million at September 24, 2023. We recorded cash received from the exercise of purchase rights of $395 million, $355 million and $343 million during fiscal 2023, 2022 and 2021, respectively.\n*Share-based Compensation Expense.* Total share-based compensation expense, related to all of our share-based awards, was comprised as follows (in millions):\n,,,,,2023,,2022,,2021\nCost of revenues,,,,,,,,,,$76,,,,$61,,,,$47,\nResearch and development,,,,,,,,,1,911,,,1,537,,,1,234,\nSelling, general and administrative,,,,,,,,,497,,,463,,,389,\nShare-based compensation expense before income taxes,,,,,,,,,2,484,,,2,061,,,1,670,\nRelated income tax benefit,,,,,,,,,(463),,,(489),,,(435),\n,,,,,,,,,,$2,021,,,,$1,572,,,,$1,235,\nF-", "Ticker: META; CIK: 0001326801; Filing Date: 20231231; Filing Year: December 31, 2023; Company Name: Meta Platforms, Inc.\n\nSection: FORM 10-K\nSub-section: Material Cash Requirements\nSub-subsection: Long-term Debt\n\nAs of December 31, 2023, we had outstanding long-term debt in the form of senior unsecured notes for an aggregate principal amount of $18.50 billion. These notes were issued in multiple series, which mature from 2027 through 2063. Short-term and long-term future interest payments obligations as of December 31, 2023 are $848 million and $16.40 billion, respectively. Net proceeds from the offerings are used for general corporate purposes, which may include, but are not limited to, capital expenditures, share repurchases, dividend payments, acquisitions or investments.\nTable of Contents", "Ticker: QCOM; CIK: 0000804328; Filing Date: 20230924; Filing Year: September 24, 2023; Company Name: QUALCOMM INC/DE\n\nSection: FORM 10-K\nSub-section: RISKS RELATED TO INDUSTRY DYNAMICS AND COMPETITION\nSub-subsection: Our revenues depend on our customers’ and licensees’ sales of products and services based on CDMA, OFDMA and other communications technologies, including 5G, and customer demand for our products based on these technologies.\n\nWe develop, patent and commercialize technology and products based on CDMA, OFDMA and other communications technologies, which are primarily wireless. We depend on our customers and licensees to develop devices and services based on these technologies to drive consumer demand for such devices, and to establish the selling prices for such devices (which impact the amount of royalties we receive for certain devices). Further, the timing of our shipments of our products is dependent on the timing of our customers’ and licensees’ deployments of new devices and services based on these technologies. Increasingly, we also depend on operators of wireless networks, our customers and licensees and other third parties to incorporate these technologies into new device types and into industries and applications beyond mobile handsets, such as automotive and IoT, among others. Commercial deployments of 5G networks and devices have begun and are expected to continue for the foreseeable future. However, the timing and scale of certain such deployments were delayed due to the COVID-19 pandemic, and future deployments may similarly be delayed for reasons that are beyond our control.\nOur revenues and growth in revenues could be negatively impacted, our business may be harmed and our substantial investments in these technologies may not provide us an adequate return, if: our customers’ and licensees’ revenues and sales of products, particularly premium-tier handset products, and services using these technologies, or average selling prices of such products, decline due to, for example, the maturity of smartphone penetration in developed regions, including China; we do not continue to maintain our intellectual property and technical leadership in 5G, including in ongoing 5G standardization efforts; we are unable to drive the adoption of our products into networks and devices, including devices beyond mobile handsets; consumers’ rates of replacement of smartphones and other devices decline; or there is a shift in consumer demand away from new devices in favor of refurbished or secondhand devices.", "Ticker: QCOM; CIK: 0000804328; Filing Date: 20230924; Filing Year: September 24, 2023; Company Name: QUALCOMM INC/DE\n\nSection: FORM 10-K\nSub-section: Results of Operations\nSub-subsection: 2023 vs. 2022\n\nGross margin percentage decreased in fiscal 2023 primarily due to a decrease in QCT gross margin.\n,2023,,2022,,,,Change,,\nResearch and development,,$8,818,,,,$8,194,,,,,,$624,,,\n% of revenues,25%,,,19%,,,,,,,", "Ticker: QCOM; CIK: 0000804328; Filing Date: 20230924; Filing Year: September 24, 2023; Company Name: QUALCOMM INC/DE\n\nSection: FORM 10-K\nSub-section: RISKS RELATED TO SUPPLY AND MANUFACTURING\nSub-subsection: We depend on a limited number of third-party suppliers for the procurement, manufacture, assembly and testing of our products manufactured in a fabless production model. If we fail to execute supply strategies that provide supply assurance, technology leadership and reasonable margins, our business and results of operations may be harmed. We are also subject to order and shipment uncertainties that could negatively impact our results of operations.\n\nWhile capacity constraints have largely abated, we expect to continue to see product cost increases from certain of our key semiconductor wafer suppliers, which, without corresponding increases in the prices of our products, could negatively impact our margins.\nWe place orders with our suppliers using our and our customers’ forecasts of demand for our products, which are based on a number of assumptions and estimates. As we move to smaller geometry process technologies, the manufacturing lead-time increases. As a result, the orders we place with our suppliers are generally only partially covered by commitments from our customers. If we, or our customers, overestimate demand, or if demand is impacted by factors outside of our or our customers’ control, and such demand is not covered by a binding commitment from our customers, we may experience increased excess or obsolete inventory or reserve charges, which would negatively impact our results of operations. Further, to the extent our customers procure supply of our integrated circuit products beyond their current needs (i.e., build up inventory of our integrated circuit products), whether due to concerns over supply, overestimating demand and/or a decline in macroeconomic conditions, or otherwise, they may not purchase expected quantities of our products in subsequent quarters, which may negatively impact our revenues, results of operations and cash flows in such quarters.\nSee also the Risk Factor below titled *“There are numerous risks associated with the operation and control of our manufacturing facilities, including a higher portion of fixed costs relative to a fabless model; environmental compliance and liability; impacts related to climate change; exposure to natural disasters, health crises, geopolitical conflicts and cyber-attacks; timely supply of equipment and materials; and various manufacturing issues” *as similar risks, as well as additional risks, may be applicable to our third-party suppliers’ manufacturing facilities, which could result in disruptions to our business or additional costs to us, and negatively impact our results of operations.", "Ticker: QCOM; CIK: 0000804328; Filing Date: 20230924; Filing Year: September 24, 2023; Company Name: QUALCOMM INC/DE\n\nSection: FORM 10-K\nSub-section: Looking Forward\n\nIn addition to the foregoing business and market-based matters, we continue to devote resources to working with and educating participants in the wireless industry and governments as to the benefits of our licensing programs and our extensive technology investments in promoting a highly competitive and innovative wireless industry. However, we expect that certain companies may be dissatisfied with the need to pay reasonable royalties for the use of our technologies and not welcome the success of our licensing programs in enabling new, highly cost-effective competitors to their products. Accordingly, such companies, and/or governments or regulators, may continue to challenge our business model in various forums throughout the world.\nFurther discussion of risks related to our business is provided in “Part I, Item 1A. Risk Factors” included in this Annual Report.", "Ticker: QCOM; CIK: 0000804328; Filing Date: 20230924; Filing Year: September 24, 2023; Company Name: QUALCOMM INC/DE\n\nSection: FORM 10-K\nSub-section: RISKS RELATED TO OUR OPERATING BUSINESSES\nSub-subsection: A significant portion of our business is concentrated in China, and the risks of such concentration are exacerbated by U.S./China trade and national security tensions.\n\nFinally, government policies in China that regulate the amount and timing of funds that may flow out of the country have impacted and may continue to impact the timing of our receipt of, and/or ability to receive, payments from our customers and licensees in China, which may negatively impact our cash flows.", "Ticker: INTC; CIK: 0000050863; Filing Date: 20231230; Filing Year: December 30, 2023; Company Name: INTEL CORPORATION\n\nSection: Table of Contents\nSub-section: Table of Contents\n\n(In Millions),,2024,,2025,,2026,,2027,,2028,,Thereafter,,Total\nFuture amortization expenses,,,$1,360,,,,$948,,,,$742,,,,$552,,,,$339,,,,$643,,,,$4,584,\nNote 13 :,Borrowings\nShort-Term Debt\nAs of December 30, 2023, short-term debt was $2.3 billion, composed of the current portion of long-term debt. As of December 31, 2022, short-term debt was $4.4 billion, composed of $423 million of the current portion of long-term debt and $3.9 billion of commercial paper. The current portion of long-term debt includes debt classified as short-term based on time remaining until maturity.\nWe have an ongoing authorization from our Board of Directors to borrow up to $10.0 billion under our commercial paper program. As of December 30, 2023 we had no commercial paper outstanding ($3.9 billion as of December 31, 2022).\n,Financial Statements,Notes to Consolidated Financial Statements,", "Ticker: QCOM; CIK: 0000804328; Filing Date: 20230924; Filing Year: September 24, 2023; Company Name: QUALCOMM INC/DE\n\nSection: FORM 10-K\nSub-section: Item 9A. Controls and Procedures\nConclusion Regarding the Effectiveness of Disclosure Controls and Procedures\n\nUnder the supervision and with the participation of our management, including our principal executive officer and our principal financial officer, we conducted an evaluation of our disclosure controls and procedures, as such terms are defined under Rule 13a-15(e) promulgated under the Securities Exchange Act of 1934, as amended (the Exchange Act). Based on this evaluation, our principal executive officer and our principal financial officer concluded that our disclosure controls and procedures were effective as of the end of the period covered by this Annual Report.", "Ticker: QCOM; CIK: 0000804328; Filing Date: 20230924; Filing Year: September 24, 2023; Company Name: QUALCOMM INC/DE\n\nSection: FORM 10-K\nSub-section: QUALCOMM IncorporatedNOTES TO CONSOLIDATED FINANCIAL STATEMENTS\n\nuncertainties surrounding our ability to generate sufficient future taxable income in certain tax jurisdictions to utilize our net deferred tax assets. We believe, more likely than not, that we will have sufficient taxable income to utilize our remaining deferred tax assets. The valuation allowance decreased from $2.2 billion at September 25, 2022, primarily due to the write-off of certain deferred tax assets and the related valuation allowance resulting from the liquidation of a Dutch subsidiary in fiscal 2023.\nA summary of the changes in the amount of unrecognized tax benefits for fiscal 2023, 2022 and 2021 follows (in millions):\n,2023,,2022,,2021\nBeginning balance of unrecognized tax benefits,,$2,191,,,,$2,136,,,,$1,901,\nAdditions based on prior year tax positions,10,,,58,,,56,\nReductions for prior year tax positions and lapse in statute of limitations,(63),,,(136),,,(13),\nAdditions for current year tax positions,158,,,184,,,213,\nSettlements with taxing authorities,—,,,(51),,,(21),\nEnding balance of unrecognized tax benefits,,$2,296,,,,$2,191,,,,$2,136,", "Ticker: QCOM; CIK: 0000804328; Filing Date: 20230924; Filing Year: September 24, 2023; Company Name: QUALCOMM INC/DE\n\nSection: FORM 10-K\nSub-section: Results of Operations\nSub-subsection: 2023 vs. 2022\n\nThe increase in research and development expenses in fiscal 2023 was due to:\n**+**    $375 million increase in share-based compensation expense\n**+**    $125 million increase in expenses driven by revaluation of our deferred compensation obligation on higher relative stock market performance\n**+**    $124 million increase driven by higher costs related to the development of wireless and integrated circuit technologies (including 5G and application processor technologies), primarily driven by an increase in employee-related expenses (which included lower employee cash incentive program costs)\n,2023,,2022,,,,Change,,\nSelling, general and administrative,,$2,483,,,,$2,570,,,,,,$(87),,,\n% of revenues,7%,,,6%,,,,,,,", "Ticker: QCOM; CIK: 0000804328; Filing Date: 20230924; Filing Year: September 24, 2023; Company Name: QUALCOMM INC/DE\n\nSection: FORM 10-K\nSub-section: Other Investments\n\n*Equity Price Risk. *We hold investments in non-marketable equity instruments in privately held companies that may be impacted by equity price risks. Volatility in the equity markets and the current macroeconomic environment could negatively affect our investees’ ability to raise additional capital as well as our ability to realize value from our investments through initial public offerings, mergers or private sales. Consequently, we could incur impairment losses or realized losses on all or part of the values of our non-marketable equity investments. At September 24, 2023, our non-marketable equity investments (including those accounted for under the equity method) consisted of investments in over 150 companies with an aggregate carrying value included in other assets of $1.2 billion.", "Ticker: QCOM; CIK: 0000804328; Filing Date: 20230924; Filing Year: September 24, 2023; Company Name: QUALCOMM INC/DE\n\nSection: FORM 10-K\nSub-section: QUALCOMM Incorporated\nCONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME\n(In millions)\n\n,,,,Year Ended\n,,,,,,,,September 24,2023,,September 25,2022,,September 26,2021\nNet income,,,,,,,,,$7,232,,,,$12,936,,,,$9,043,\nOther comprehensive income (loss), net of income taxes:,,,,,,,,,,,,\nForeign currency translation gains (losses),,,,,,,,140,,,(433),,,40,\nNet unrealized gains (losses) on certain available-for-sale debt securities,,,,,,,,54,,,(113),,,(5),\nNet unrealized gains (losses) on derivative instruments,,,,,,,,99,,,361,,,(53),\nOther gains (losses),,,,,,,,10,,,35,,,(2),\nOther reclassifications included in net income,,,,,,,,77,,,—,,,(59),\nTotal other comprehensive income (loss),,,,,,,,380,,,(150),,,(79),\nComprehensive income,,,,,,,,,$7,612,,,,$12,786,,,,$8,964,\nSee accompanying notes.\nF-", "Ticker: QCOM; CIK: 0000804328; Filing Date: 20230924; Filing Year: September 24, 2023; Company Name: QUALCOMM INC/DE\n\nSection: FORM 10-K\nSub-section: QUALCOMM IncorporatedNOTES TO CONSOLIDATED FINANCIAL STATEMENTS\n\nOn June 1, 2023, SSW Partners completed the sale of the Active Safety business to Magna for net cash proceeds of $1.5 billion. We expect that SSW Partners will complete the sale of the Restraint Control Systems business within calendar 2023, subject to any required regulatory approvals and other closing conditions being met. Discontinued operations for fiscal 2023 included a gain on the sale of the Active Safety business and certain write-down charges related to the Restraint Control Systems business, based on the expected sales price, the individual and aggregate amounts of which were not material. The Restraint Control Systems business continues to be presented as discontinued operations on a one quarter reporting lag.\nThe cash flows provided (used) by the Non-Arriver businesses are reflected as discontinued operations and are classified as operating, investing (which includes cash proceeds from the sale of the Active Safety business) and financing activities in the consolidated statements of cash flows.\nF-", "Ticker: QCOM; CIK: 0000804328; Filing Date: 20230924; Filing Year: September 24, 2023; Company Name: QUALCOMM INC/DE\n\nSection: FORM 10-K\nSub-section: QUALCOMM IncorporatedNOTES TO CONSOLIDATED FINANCIAL STATEMENTS\n\n*Equity Method and Non-marketable Equity Investments. *The carrying values of our equity method and non-marketable equity investments are recorded in other assets and were as follows (in millions):\n,September 24,2023,,September 25,2022\nEquity method investments,,$164,,,,$189,\nNon-marketable equity investments,1,072,,,1,105,\n,,$1,236,,,,$1,294,\nOther Current Liabilities (in millions),,,\n,September 24,2023,,September 25,2022\nCustomer incentives and other customer-related liabilities,,$1,821,,,,$1,879,\nIncome taxes payable,1,717,,,634,\nOther,953,,,1,176,\n,,$4,491,,,,$3,689,\n*Revenues. *We disaggregate our revenues by segment (Note 8), by product and service (as presented on our consolidated statements of operations), and for our QCT segment, by revenue stream, which is based on the industry and application in which our products are sold (as presented below). Beginning in the first quarter of fiscal 2023, QCT RFFE (radio frequency front-end) revenues, which were previously presented as a separate revenue stream, are now included within our Handsets, Automotive and internet of things (IoT) revenue streams as applicable. Prior period information has been recast to reflect this change. RFFE revenues include revenues from the sale of 4G, 5G sub 6 and 5G millimeter wave RFFE products (a substantial portion of which relate to mobile handsets) and exclude radio frequency transceiver components. This change aligns with changes made to our internal reporting of revenues. We believe this change provides a more meaningful presentation in understanding QCT revenues going forward, as we expect RFFE revenues to correspond with trends in Handsets, Automotive and IoT (as applicable) and is more consistent with how our revenue diversification is viewed externally. 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 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):\n,,,,,2023,,2022,,2021\nHandsets (1),,,,,,,,,,$22,570,,,,$28,815,,,,$20,475,\nAutomotive (2),,,,,,,,,1,872,,,1,509,,,1,110,\nIoT (internet of things) (3),,,,,,,,,5,940,,,7,353,,,5,434,", "Ticker: QCOM; CIK: 0000804328; Filing Date: 20230924; Filing Year: September 24, 2023; Company Name: QUALCOMM INC/DE\n\nSection: FORM 10-K\nSub-section: Overview\n\nWe are a global leader in the development and commercialization of foundational technologies for the wireless industry, including 3G (third generation), 4G (fourth generation) and 5G (fifth generation) wireless connectivity, and high-performance and low-power computing including on-device artificial intelligence (AI). Our technologies and products deliver intelligent computing and advanced connectivity in mobile devices and other products. Our inventions have helped power the growth in smartphones and other connected devices. We are scaling our innovations across industries and applications beyond handsets, including automotive and the internet of things (IoT). In automotive, our connectivity, digital cockpit and advanced driver assistance and automated driving (ADAS/AD) platforms are helping to connect the car to its environment and the cloud, creating unique in-cabin experiences and enabling a comprehensive assisted and automated driving solution. In IoT, our inventions have helped power growth in industries and applications such as consumer (including computing, voice and music and extended reality (XR)), edge networking (including mobile broadband and wireless access points) and industrial (including handhelds, retail, tracking and logistics and utilities). We derive revenues principally from sales of integrated circuit products, including our Snapdragon® family of highly-integrated, system-based solutions, and licensing of our intellectual property, including patents and other rights.\nThe foundational technologies we invent help power the modern mobile experience, impacting how the world connects, computes and communicates. We share these inventions broadly through our licensing programs enabling wide ecosystem access to technologies at the core of mobile innovation, and through the sale of our integrated circuit platforms (also known as integrated circuit products, chips, chipsets or modules) and other products. We innovate with purpose and collaborate across many ecosystems, including with manufacturers, operators, developers, system integrators, cloud providers, test tool vendors, service providers, governments and industry standards organizations, to enable a global environment of continued progress and growth.\nWe have a long history of driving innovation and continue to play a leading role in developing system-level inventions that serve as the foundation for 3G, 4G and 5G wireless technologies. This includes technologies such as CDMA (Code Division Multiple Access) and OFDMA (Orthogonal Frequency Division Multiple Access) families of technologies, with the latter encompassing LTE (Long-Term Evolution) and 5G NR (New Radio), which are the primary digital technologies currently used to transmit voice or data over radio waves using a public or private cellular wireless network.\nWe own significant intellectual property, including patents, patent applications and trade secrets, applicable to products that implement any version of CDMA and/or OFDMA technologies. The mobile industry generally recognizes that any", "Ticker: GOOGL; CIK: 0001652044; Filing Date: 20231231; Filing Year: December 31, 2023; Company Name: Alphabet Inc.\n\nSection: FORM 10-K\nSub-section: Long-Term Debt\n\nTotal outstanding debt is summarized below (in millions, except percentages):\n,,,,,Effective Interest Rate,,As of December 31,\n,Maturity,,Coupon Rate,,,2022,,2023\nDebt,,,,,,,,,\n2014-2020 Notes issuances,2024 - 2060,,0.45% - 3.38%,,0.57% - 3.38%,,,$13,000,,,,$13,000,\nFuture finance lease payments, net and other (1),,,,,,,2,142,,,1,746,\nTotal debt,,,,,,,15,142,,,14,746,\nUnamortized discount and debt issuance costs,,,,,,,(143),,,(130),\nLess: Current portion of long-term notes(2),,,,,,,0,,,(1,000),\nLess: Current portion of future finance lease payments, net and other current debt(1)(2),,,,,,,(298),,,(363),\nTotal long-term debt,,,,,,,,$14,701,,,,$13,253,\n(1)Future finance lease payments are net of imputed interest.\n(2)Total current portion of long-term debt is included within other accrued expenses and current liabilities. See Note 7 for further details.\nThe notes in the table above are fixed-rate senior unsecured obligations and generally rank equally with each other. We may redeem the notes at any time in whole or in part at specified redemption prices. The effective interest rates are based on proceeds received with interest payable semi-annually.\nThe total estimated fair value of the outstanding notes was approximately $9.9 billion and $10.3 billion as of December 31, 2022 and December 31, 2023, respectively. The fair value was determined based on observable market prices of identical instruments in less active markets and is categorized accordingly as Level 2 in the fair value hierarchy.\nAs of December 31, 2023, the aggregate future principal payments for long-term debt, including finance lease liabilities, for each of the next five years and thereafter were as follows (in millions):\n2024,,$1,299,\n2025,1,163\n2026,2,165\n2027,1,143\n2028,132\nThereafter,8,960\nTotal,,$14,862,", "Ticker: TMUS; CIK: 0001283699; Filing Date: 20231231; Filing Year: December 31, 2023; Company Name: T-MOBILE US, INC.\n\nSub-section: Spectrum Financing\n\nOn April 1, 2020, in connection with the closing of the Merger, we assumed Sprint’s spectrum-backed notes, which are collateralized by the acquired, directly held and third-party leased Spectrum licenses (collectively, the “Spectrum Portfolio”) transferred to wholly owned bankruptcy-remote special purpose entities (collectively, the “Spectrum Financing SPEs”). As of December 31, 2023 and 2022, the total outstanding obligations under these Notes was $2.2 billion and $3.0 billion, respectively.\nIn October 2016, certain subsidiaries of Sprint Communications, Inc. transferred the Spectrum Portfolio to the Spectrum Financing SPEs, which was used as collateral to raise an initial $3.5 billion in senior secured notes (the “2016 Spectrum-Backed Notes”) bearing interest at 3.360% per annum under a $7.0 billion securitization program. The 2016 Spectrum-Backed Notes were repayable over a five-year term, with interest-only payments over the first four quarters and amortizing quarterly principal payments thereafter commencing December 2017 through September 2021. We fully repaid the 2016 Spectrum-Backed Notes in 2021.\nIn March 2018, Sprint issued approximately $3.9 billion in aggregate principal amount of senior secured notes (the “2018 Spectrum-Backed Notes” and together with the 2016 Spectrum-Backed Notes, the “Spectrum-Backed Notes”) under the existing $7.0 billion securitization program, consisting of two series of senior secured notes. The first series of notes totaled $2.1 billion in aggregate principal amount, bears interest at 4.738% per annum, and has quarterly interest-only payments until June 2021, with additional quarterly principal payments commencing in June 2021 through March 2025. As of December 31, 2023, $525 million of the aggregate principal amount was classified as Short-term debt on our Consolidated Balance Sheets. The second series of notes totaled approximately $1.8 billion in aggregate principal amount, bears interest at 5.152% per annum, and has quarterly interest-only payments until June 2023, with additional quarterly principal payments commencing in June 2023 through March 2028. As of December 31, 2023, $368 million of the aggregate principal amount was classified as Short-term debt on our Consolidated Balance Sheets. The Spectrum Portfolio, which also serves as collateral for the Spectrum-Backed Notes, remains substantially identical to the original portfolio from October 2016.", "Ticker: QCOM; CIK: 0000804328; Filing Date: 20230924; Filing Year: September 24, 2023; Company Name: QUALCOMM INC/DE\n\nSection: FORM 10-K\nSub-section: RISKS RELATED TO INTELLECTUAL PROPERTY\nSub-subsection: Claims by other companies that we infringe their intellectual property could adversely affect our business.\n\nFrom time to time, companies have asserted, and may again assert, patent, copyright or other intellectual property claims against us relating to our technologies or products, including those we have acquired from other companies. These claims have resulted and may again result in our involvement in litigation, and we are currently involved in such litigation, including certain matters described in this Annual Report in “Notes to Consolidated Financial Statements, Note 7. Commitments and Contingencies.” We may not prevail in such litigation given, among other factors, the complex technical issues and inherent uncertainties in intellectual property litigation. If any of our products were found to infringe another company’s intellectual property, we could be subject to an injunction or be required to redesign our products, or to license such intellectual property or pay damages or other compensation to such other company (any of which could be costly). If we are unable to redesign our products, license such intellectual property used in our products or otherwise distribute our products (e.g., through a licensed supplier), we could be prohibited from making and selling our products. Similarly, our suppliers could be found to infringe another company’s intellectual property, and such suppliers could then be enjoined from providing products or services to us.\nIn any potential dispute involving us and another company’s patents or other intellectual property, our chipset foundries, semiconductor assembly and test providers and customers could also become the targets of litigation. We are contingently liable under certain product sales, services, license and other agreements to indemnify certain customers, chipset foundries and semiconductor assembly and test service providers against certain types of liability and damages arising from qualifying claims of patent infringement by products sold by us, or by intellectual property provided by us to our chipset foundries and semiconductor assembly and test service providers. Reimbursements under indemnification arrangements could have an adverse effect on our results of operations and cash flows. Furthermore, any such litigation could severely disrupt the supply of our products and the businesses of our chipset customers and their customers, which in turn could harm our relationships with them and could result in a decline in our chipset sales or a reduction in our licensees’ sales, causing a corresponding decline in our chipset or licensing revenues. Any claims, regardless of their merit, could be time consuming to address, result in costly litigation, divert the efforts of our technical and management personnel and/or cause product release or shipment delays, any of which could have an adverse effect on our results of operations and cash flows.", "Ticker: RTX; CIK: 0000101829; Filing Date: 20231231; Filing Year: December 31, 2023; Company Name: RTX Corporation\n\nSection: FORM 10-K\nSub-section: NOTE 8: FIXED ASSETS, NET\n\n4.200% notes due 2044 (1),300,,,300,\n4.150% notes due 2045 (1),850,,,850,\n3.750% notes due 2046 (1),1,100,,,1,100,\n4.050% notes due 2047 (1),600,,,600,\n4.350% notes due 2047 (1),1,000,,,1,000,\n4.625% notes due 2048 (1),1,750,,,1,750,\n3.125% notes due 2050 (1),1,000,,,1,000,\n2.820% notes due 2051 (1),1,000,,,1,000,\n3.030% notes due 2052 (1),1,100,,,1,100,\n5.375% notes due 2053 (1),1,250,,,—,\n6.400% notes due 2054 (1),1,750,,,—,\nOther (including finance leases),255,,,253,\nTotal principal long-term debt,43,697,,,31,249,\nOther (fair market value adjustments, (discounts)/premiums and debt issuance costs),(59),,,40,\nTotal long-term debt,43,638,,,31,289,\nLess: current portion,1,283,,,595,\nLong-term debt, net of current portion,,$42,355,,,,$30,694,\n(1)    We may redeem these notes, in whole or in part, at our option pursuant to their terms prior to the applicable maturity date.\nThe weighted-average interest rate related to total debt was 4.6% and 4.0% at December 31, 2023 and 2022, respectively.\nThe average maturity of our long-term debt at December 31, 2023 is approximately 13 years. The schedule of principal payments required on long-term debt for the next five years and thereafter is:\n(in millions),\n2024,,$1,272,\n2025,3,593,\n2026,4,505,\n2027,2,937,\n2028,3,482,\nThereafter,27,908,\nTotal,,$43,697,\nTable of Contents", "Ticker: QCOM; CIK: 0000804328; Filing Date: 20230924; Filing Year: September 24, 2023; Company Name: QUALCOMM INC/DE\n\nSection: FORM 10-K\nSub-section: RISKS RELATED TO REGULATORY AND LEGAL CHALLENGES\nSub-subsection: Our business may suffer as a result of adverse rulings in governmental investigations or proceedings or other legal proceedings.\n\nnegotiations, arbitration or litigation. In addition, we may be sued for alleged overpayments of past royalties paid to us, including private antitrust actions seeking treble damages under U.S. antitrust laws. The occurrence of any of the above could have a material adverse effect on our business, revenues, results of operations, cash flows and financial condition, and our stock price could decline, possibly significantly, in which case we may have to significantly cut costs and other uses of cash, including in research and development, significantly impairing our ability to maintain product and technology leadership and invest in next generation technologies. Further, depending on the breadth and severity of the circumstances above, we may have to reduce, suspend or eliminate our capital return programs, and our ability to timely pay our indebtedness may be impacted.\nThese challenges have required, and may in the future require, the investment of significant management time and attention and have resulted, and may in the future result, in significant legal costs.", "Ticker: TXN; CIK: 0000097476; Filing Date: 20231231; Filing Year: December 31, 2023; Company Name: TEXAS INSTRUMENTS INCORPORATED\n\nSub-section: Notes to financial statements\nSub-subsection: Deferred compensation plans\n\nLong-term debt outstanding is as follows:\n,December 31,\n,2023,,2022\nNotes due 2023 at 2.25%,,$—,,,,$500,\nNotes due 2024 at 2.625%,300,,,300,\nNotes due 2024 at 4.70%,300,,,300,\nNotes due 2025 at 1.375%,750,,,750,\nNotes due 2026 at 1.125%,500,,,500,\nNotes due 2027 at 2.90%,500,,,500,\nNotes due 2028 at 4.60%,700,,,500,\nNotes due 2029 at 2.25%,750,,,750,\nNotes due 2030 at 1.75%,750,,,750,\nNotes due 2031 at 1.90%,500,,,500,\nNotes due 2032 at 3.65%,400,,,400,\nNotes due 2033 at 4.90%,950,,,—,\nNotes due 2039 at 3.875%,750,,,750,\nNotes due 2048 at 4.15%,1,500,,,1,500,\nNotes due 2051 at 2.70%,500,,,500,\nNotes due 2052 at 4.10%,300,,,300,\nNotes due 2053 at 5.00%,650,,,—,\nNotes due 2063 at 5.05%,1,200,,,—,\nTotal debt,11,300,,,8,800,\nNet unamortized discounts, premiums and issuance costs,(77),,,(65),\nTotal debt, including net unamortized discounts, premiums and issuance costs,11,223,,,8,735,\nCurrent portion of long-term debt,(599),,,(500),\nLong-term debt,,$10,624,,,,$8,235,\nInterest and debt expense was $353 million, $214 million and $184 million in 2023, 2022 and 2021, respectively. This was net of the amortized discounts, premiums and issuance and other related costs. Cash payments for interest on long-term debt were $321 million, $198 million and $181 million in 2023, 2022 and 2021, respectively. Capitalized interest was $11 million, $6 million and $8 million in 2023, 2022 and 2021, respectively.\n9. Leases", "Ticker: QCOM; CIK: 0000804328; Filing Date: 20230924; Filing Year: September 24, 2023; Company Name: QUALCOMM INC/DE\n\nSection: FORM 10-K\nSub-section: Debt and Interest Rate Swap Agreements\nSub-subsection: Foreign Exchange Risk\n\nWe manage our exposure to foreign exchange market risks, when deemed appropriate, through the use of derivative and non-derivative financial instruments, including foreign currency forward and option contracts with financial counterparties and net investment hedges. We utilize such derivative financial instruments for hedging or risk management purposes rather than for speculative purposes. Counterparties to these derivative contracts are all major banking institutions. In the event of the financial insolvency or distress of a counterparty to our derivative financial instruments, we may be unable to settle transactions if the counterparty does not provide us with sufficient collateral to secure its net settlement obligations to us, which could have a negative impact on our results.\nGains or losses on hedged foreign currency transactions and investments, including certain royalties earned from licensees, operating expenses and net investments in foreign subsidiaries, are generally offset by corresponding losses or gains on the related hedging instrument.\n*Functional Currency. *Financial assets and liabilities held by consolidated subsidiaries that are not denominated in the functional currency of those entities are subject to the effects of currency fluctuations and may affect reported earnings. As a global company, we face exposure to adverse movements in foreign currency exchange rates. We may hedge currency exposures associated with certain assets and liabilities denominated in nonfunctional currencies and certain anticipated nonfunctional currency transactions. As a result, we could experience unanticipated gains or losses on anticipated foreign currency cash flows, as well as economic loss with respect to the recoverability of investments. While we may hedge certain transactions with non-U.S. customers, declines in currency values in certain regions may, if not reversed, adversely affect future product sales because our products may become more expensive to purchase in the countries of the affected currencies.\nOur analysis methods used to assess and mitigate the risks discussed above should not be considered projections of future risks. Additional information regarding the financial instruments mentioned above is provided in this Annual Report in “Notes to Consolidated Financial Statements, Note 1. Significant Accounting Policies,” “Notes to Consolidated Financial\nStatements, Note 2. Composition of Certain Financial Statement Items,” “Notes to Consolidated Financial Statements, Note 6. Debt,” “Notes to Consolidated Financial Statements, Note 10. Fair Value Measurements and Marketable Securities.”", "Ticker: QCOM; CIK: 0000804328; Filing Date: 20230924; Filing Year: September 24, 2023; Company Name: QUALCOMM INC/DE\n\nSection: FORM 10-K\nSub-section: Item 1A. Risk Factors\n\nYou should consider each of the following factors in evaluating our business and our prospects, any of which could negatively impact our business, results of operations, cash flows and financial condition, and require significant management time and attention. Further, the risks and uncertainties described below are not the only ones we face. Additional risks and uncertainties not presently known to us or that we currently consider immaterial may also negatively impact our business, results of operations, cash flows and financial condition, and require significant management time and attention. In such cases, the trading price of our common stock could decline. You should also consider the other information set forth in this Annual Report in evaluating our business and our prospects, including but not limited to our financial statements and the related notes, and “Part II, Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations.” References to “and,” “or” and “and/or” should be read to include the others, as appropriate.", "Ticker: CSCO; CIK: 0000858877; Filing Date: 20230729; Filing Year: July 29, 2023; Company Name: CISCO SYSTEMS, INC.\n\nSection: CISCO SYSTEMS, INC.\nSub-section: (b) Long-Term Debt\n\nInterest is payable semiannually on each class of the senior fixed-rate notes. Each of the senior fixed-rate notes is redeemable by us at any time, subject to a make-whole premium. The senior notes rank at par with the commercial paper notes that may be issued in the future pursuant to our short-term debt financing program, as discussed above under “(a) Short-Term Debt.” As of July 29, 2023, we were in compliance with all debt covenants.\nAs of July 29, 2023, future principal payments for long-term debt, including the current portion, are summarized as follows (in millions):\nFiscal Year,Amount\n2024,,$1,750,\n2025,500,\n2026,750,\n2027,1,500,\nThereafter,4,000,\nTotal,,$8,500,", "Ticker: TMUS; CIK: 0001283699; Filing Date: 20231231; Filing Year: December 31, 2023; Company Name: T-MOBILE US, INC.\n\nSub-section: Results of Operations\nSub-subsection: Guarantor Financial Information\n\nPursuant to the applicable indentures and supplemental indentures, the Senior Notes to affiliates and third parties issued by T-Mobile USA, Inc., Sprint and Sprint Capital Corporation (collectively, the “Issuers”) are fully and unconditionally guaranteed, jointly and severally, on a senior unsecured basis by T-Mobile (“Parent”) and certain of Parent’s 100% owned subsidiaries (“Guarantor Subsidiaries”).\nThe guarantees of the Guarantor Subsidiaries are subject to release in limited circumstances only upon the occurrence of certain customary conditions. Generally, the guarantees of the Guarantor Subsidiaries with respect to the Senior Notes issued by T-Mobile USA, Inc. (other than $3.5 billion in principal amount of Senior Notes issued in 2017 and 2018) and the credit agreement entered into by T-Mobile USA, Inc. will be automatically and unconditionally released if, immediately following such release and any concurrent releases of other guarantees, the aggregate principal amount of indebtedness of non-guarantor subsidiaries (other than certain specified subsidiaries) would not exceed $2.0 billion. The indentures, supplemental indentures and credit agreements governing the long-term debt contain covenants that, among other things, limit the ability of the Issuers or borrowers and the Guarantor Subsidiaries to incur more debt, create liens or other encumbrances, and merge, consolidate or sell, or otherwise dispose of, substantially all of their assets.\nTable of Contents", "Ticker: QCOM; CIK: 0000804328; Filing Date: 20230924; Filing Year: September 24, 2023; Company Name: QUALCOMM INC/DE\n\nSection: FORM 10-K\nSub-section: Results of Operations\nSub-subsection: Discontinued Operations (in millions)\n\n,2023,,2022,,,,Change,,\nDiscontinued operations, net of income taxes,,$(107),,,,$(50),,,,,,$(57),,,\nDiscontinued operations in fiscal 2023 and 2022 primarily related to net losses from the Non-Arriver businesses. Fiscal 2023 also included a gain on the sale of the Active Safety business and certain write-down charges related to the Restraint Control Systems business based on the expected sales price, the individual and aggregate amounts of which were not material. Information regarding the Non-Arriver businesses is provided in this Annual Report in “Notes to Consolidated Financial Statements, Note 9. Acquisitions and Divestitures.”", "Ticker: AVGO; CIK: 0001730168; Filing Date: 20231029; Filing Year: October 29, 2023; Company Name: Broadcom Inc.\n\nSub-section: BROADCOM INC.\nCONSOLIDATED BALANCE SHEETS\n\n,,October 29,2023,,October 30,2022\n,,(In millions, except par value)\nASSETS,,,,\nCurrent assets:,,,,\nCash and cash equivalents,,,$14,189,,,,$12,416,\nTrade accounts receivable, net,,3,154,,,2,958,\nInventory,,1,898,,,1,925,\nOther current assets,,1,606,,,1,205,\nTotal current assets,,20,847,,,18,504,\nLong-term assets:,,,,\nProperty, plant and equipment, net,,2,154,,,2,223,\nGoodwill,,43,653,,,43,614,\nIntangible assets, net,,3,867,,,7,111,\nOther long-term assets,,2,340,,,1,797,\nTotal assets,,,$72,861,,,,$73,249,\nLIABILITIES AND EQUITY,,,,\nCurrent liabilities:,,,,\nAccounts payable,,,$1,210,,,,$998,\nEmployee compensation and benefits,,935,,,1,202,\nCurrent portion of long-term debt,,1,608,,,440,\nOther current liabilities,,3,652,,,4,412,\nTotal current liabilities,,7,405,,,7,052,\nLong-term liabilities:,,,,\nLong-term debt,,37,621,,,39,075,\nOther long-term liabilities,,3,847,,,4,413,\nTotal liabilities,,48,873,,,50,540,\nCommitments and contingencies (Note 13),,,,\nStockholders’ equity:,,,,\nPreferred stock, $0.001 par value; 100 shares authorized; none issued and outstanding,,—,,,—,\nCommon stock, $0.001 par value; 2,900 shares authorized; 414 and 418 shares issued and outstanding as of October 29, 2023 and October 30, 2022, respectively,,—,,,—,\nAdditional paid-in capital,,21,099,,,21,159,\nRetained earnings,,2,682,,,1,604,\nAccumulated other comprehensive income (loss),,207,,,(54),\nTotal stockholders’ equity,,23,988,,,22,709,\nTotal liabilities and equity,,,$72,861,,,,$73,249,\nThe accompanying notes are an integral part of these consolidated financial statements.\nTable of Contents" ]

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