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Composition of Certain Financial Statement Items (Tables)
 12 Months Ended
Sep. 24, 2023
Balance Sheet Related Disclosures [Abstract]  
Accounts Receivable
Accounts Receivable (in millions)
September 24,
2023		September 25,
2022
Trade, net of allowances for doubtful accounts $1,923 $4,175 
Unbilled1,223 1,435 
Other37 33 
$3,183 $5,643 
Inventories
Inventories (in millions)
September 24,
2023		September 25,
2022
Raw materials$176 $221 
Work-in-process4,096 3,329 
Finished goods2,150 2,791 
$6,422 $6,341 
Property, Plant and Equipment
Property, Plant and Equipment (in millions)
September 24,
2023		September 25,
2022
Land$169 $170 
Buildings and improvements1,849 1,767 
Computer equipment and software1,773 1,680 
Machinery and equipment8,078 7,349 
Furniture and office equipment130 105 
Leasehold improvements485 369 
Construction in progress226 330 
12,710 11,770 
Less accumulated depreciation and amortization(7,668)(6,602)
$5,042 $5,168 
Goodwill 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):
QCTQTLTotal
Balance at September 26, 2021
$6,523 $723 $7,246 
Acquisitions3,375 12 3,387 
Foreign currency translation adjustments(121)(4)(125)
Balance at September 25, 2022 (1)9,777 731 10,508 
Acquisitions76 — 76 
Foreign currency translation adjustments56 2 58 
Balance at September 24, 2023 (1)$9,909 $733 $10,642 
(1) Cumulative goodwill impairments were $812 million at both September 24, 2023 and September 25, 2022.
Intangible Assets
The components of other intangible assets, net were as follows (in millions):
September 24, 2023September 25, 2022
Gross Carrying
Amount		Accumulated
Amortization		Weighted-average amortization period
(years)		Gross Carrying
Amount		Accumulated
Amortization		Weighted-average amortization period
(years)
Technology-based$4,292 $(2,912)12$5,517 $(3,669)12
Other70 (42)1190 (56)10
$4,362 $(2,954)11$5,607 $(3,725)10
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):
September 24,
2023		September 25,
2022
Equity method investments$164 $189 
Non-marketable equity investments1,072 1,105 
$1,236 $1,294 
Other Current Liabilities
Other Current Liabilities (in millions)
September 24,
2023		September 25,
2022
Customer incentives and other customer-related liabilities$1,821 $1,879 
Income taxes payable1,717 634 
Other953 1,176 
$4,491 $3,689 
QCT Revenues Disaggregated QCT revenue streams were as follows (in millions):
202320222021
Handsets (1)$22,570 $28,815 $20,475 
Automotive (2)1,872 1,509 1,110 
IoT (internet of things) (3)5,940 7,353 5,434 
Total QCT revenues$30,382 $37,677 $27,019 
(1) Includes revenues from products sold for use in mobile handsets.
(2) Includes revenues from products sold for use in automobiles, including connectivity, digital cockpit and ADAS/AD.
(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).
Revenue recognized from performance obligations satisfied in previous periods
Revenues 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):
202320222021
Revenues recognized from previously satisfied performance obligations
$598 $788 $283 
Concentrations Revenues from each customer/licensee that were 10% or greater of total revenues were as follows:
September 24,
2023		September 25,
2022		September 26,
2021
Customer/licensee (w)27 %21 %23 %
Customer/licensee (x)21 21 14 
Customer/licensee (y)**13 
* Less than 10%
Investment and Other Income, net
Investment and Other Income (Expense), Net (in millions)
202320222021
Interest and dividend income$313 $91 $83 
Net gains (losses) on marketable securities
75 (363)427 
Net gains on other investments21 113 470 
Net gains (losses) on deferred compensation plan assets
86 (141)130 
Impairment losses on other investments(132)(47)(33)
Other(14)(25)(33)
$349 $(372)$1,044