XML 26 R15.htm IDEA: XBRL DOCUMENT v3.7.0.1
Comprehensive Income
 9 Months Ended
Jul. 01, 2017
Equity [Abstract]  
Comprehensive Income
Comprehensive Income
Comprehensive income consists of two components, net income and OCI. OCI refers to revenue, expenses, and gains and losses that under GAAP are recorded as an element of shareholders’ equity but are excluded from net income. The Company’s OCI consists of foreign currency translation adjustments from those subsidiaries not using the U.S. dollar as their functional currency, net deferred gains and losses on certain derivative instruments accounted for as cash flow hedges and unrealized gains and losses on marketable securities classified as available-for-sale.
The following table shows the pre-tax amounts reclassified from AOCI into the Condensed Consolidated Statements of Operations, and the associated financial statement line item, for the three- and nine-month periods ended July 1, 2017 and June 25, 2016 (in millions):
 
 
 
 
Three Months Ended
 
Nine Months Ended
Comprehensive Income Components
 
Financial Statement Line Item
 
July 1,
2017
 
June 25,
2016
 
July 1,
2017
 
June 25,
2016
Unrealized (gains)/losses on derivative instruments:
 
 
 
 
 
 
 
 
 
 
Foreign exchange contracts
 
Revenue
 
$
(148
)
 
$
(131
)
 
$
(657
)
 
$
(785
)
 
 
Cost of sales
 
(73
)
 
106

 
(630
)
 
(419
)
 
 
Other income/(expense), net
 
(364
)
 
(112
)
 
(127
)
 
(123
)
Interest rate contracts
 
Other income/(expense), net
 
—

 
3

 
3

 
10

 
 
 
 
(585
)
 
(134
)
 
(1,411
)
 
(1,317
)
Unrealized (gains)/losses on marketable securities
 
Other income/(expense), net
 
(48
)
 
(20
)
 
(37
)
 
129

Total amounts reclassified from AOCI
 
$
(633
)
 
$
(154
)
 
$
(1,448
)
 
$
(1,188
)

The following table shows the changes in AOCI by component for the nine months ended July 1, 2017 (in millions):
 
Cumulative Foreign
Currency Translation
 
Unrealized Gains/Losses
on Derivative Instruments
 
Unrealized Gains/Losses
on Marketable Securities
 
Total
Balance at September 24, 2016
$
(578
)
 
$
38

 
$
1,174

 
$
634

Other comprehensive income/(loss) before reclassifications
(38
)
 
1,271

 
(1,516
)
 
(283
)
Amounts reclassified from AOCI
—

 
(1,411
)
 
(37
)
 
(1,448
)
Tax effect
(3
)
 
7

 
548

 
552

Other comprehensive income/(loss)
(41
)
 
(133
)
 
(1,005
)
 
(1,179
)
Balance at July 1, 2017
$
(619
)
 
$
(95
)
 
$
169

 
$
(545
)