| | |
Price to public(1)
|
| |
Underwriting
discounts |
| |
Proceeds to us
(before expenses)(1) |
| |||||||||
Per 2032 Note
|
| | | | 99.772% | | | | | | 0.400% | | | | | | 99.372% | | |
Total
|
| | | $ | 498,860,000 | | | | | $ | 2,000,000 | | | | | $ | 496,860,000 | | |
Per 2052 Note
|
| | | | 97.821% | | | | | | 0.750% | | | | | | 97.071% | | |
Total
|
| | | $ | 978,210,000 | | | | | $ | 7,500,000 | | | | | $ | 970,710,000 | | |
Total
|
| | | $ | 1,477,070,000 | | | | | $ | 9,500,000 | | | | | $ | 1,467,570,000 | | |
| Barclays | | | BNP PARIBAS | | | Deutsche Bank Securities | |
|
Mizuho Securities
|
| |
Morgan Stanley
|
|
|
Credit Suisse
|
| |
Loop Capital Markets
|
| |
SMBC Nikko
|
| |
US Bancorp
|
|
| Academy Securities | | | Ramirez & Co., Inc. | | |
Siebert Williams Shank
|
|
| | |
Page
|
| |||
| | | | S-ii | | | |
| | | | S-iii | | | |
| | | | S-1 | | | |
| | | | S-8 | | | |
| | | | S-11 | | | |
| | | | S-12 | | | |
| | | | S-13 | | | |
| | | | S-29 | | | |
| | | | S-33 | | | |
| | | | S-35 | | | |
| | | | S-42 | | | |
| | | | S-42 | | | |
| | | | S-42 | | | |
| | | | S-42 | | |
| | |
Page
|
| |||
| | | | i | | | |
| | | | 1 | | | |
| | | | 3 | | | |
| | | | 4 | | | |
| | | | 6 | | | |
| | | | 7 | | | |
| | | | 17 | | | |
| | | | 18 | | | |
| | | | 19 | | | |
| | | | 20 | | | |
| | | | 21 | | | |
| | | | 23 | | | |
| | | | 24 | | | |
| | | | 25 | | | |
| | | | 26 | | | |
| | | | 27 | | |
| | |
Six Months Ended
|
| |
Year Ended
|
| ||||||||||||||||||||||||
| | |
March 27,
2022 |
| |
March 28,
2021 |
| |
September 26,
2021 |
| |
September 27,
2020 |
| |
September 29,
2019 |
| |||||||||||||||
| | |
(In millions)
|
| |||||||||||||||||||||||||||
Statement of Operations Information | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Revenues: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Equipment and services
|
| | | $ | 18,098 | | | | | $ | 12,681 | | | | | $ | 26,741 | | | | | $ | 16,298 | | | | | $ | 14,611 | | |
Licensing
|
| | | | 3,770 | | | | | | 3,489 | | | | | | 6,825 | | | | | | 7,233 | | | | | | 9,662 | | |
Total revenues
|
| | | | 21,868 | | | | | | 16,170 | | | | | | 33,566 | | | | | | 23,531 | | | | | | 24,273 | | |
Costs and expenses: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Cost of revenues
|
| | | | 8,951 | | | | | | 6,921 | | | | | | 14,262 | | | | | | 9,255 | | | | | | 8,599 | | |
Research and development
|
| | | | 3,963 | | | | | | 3,433 | | | | | | 7,176 | | | | | | 5,975 | | | | | | 5,398 | | |
Selling, general and administrative
|
| | | | 1,232 | | | | | | 1,124 | | | | | | 2,339 | | | | | | 2,074 | | | | | | 2,195 | | |
Other
|
| | | | — | | | | | | — | | | | | | — | | | | | | (28) | | | | | | 414 | | |
Total costs and expenses
|
| | | | 14,146 | | | | | | 11,478 | | | | | | 23,777 | | | | | | 17,276 | | | | | | 16,606 | | |
Operating income
|
| | | | 7,722 | | | | | | 4,692 | | | | | | 9,789 | | | | | | 6,255 | | | | | | 7,667 | | |
Interest expense
|
| | | | (275) | | | | | | (283) | | | | | | (559) | | | | | | (602) | | | | | | (627) | | |
Investment and other (expense) income, net
|
| | | | (158) | | | | | | 323 | | | | | | 1,044 | | | | | | 66 | | | | | | 441 | | |
Income before income taxes
|
| | | | 7,289 | | | | | | 4,732 | | | | | | 10,274 | | | | | | 5,719 | | | | | | 7,481 | | |
Income tax expense
|
| | | | (956) | | | | | | (515) | | | | | | (1,231) | | | | | | (521) | | | | | | (3,095) | | |
Net income
|
| | | $ | 6,333 | | | | | $ | 4,217 | | | | | $ | 9,043 | | | | | $ | 5,198 | | | | | $ | 4,386 | | |
| | |
As of
March 27, 2022 |
| |||
| | |
(In millions)
|
| |||
Consolidated Balance Sheet Information | | | | | | | |
Cash and cash equivalents
|
| | | $ | 7,173 | | |
Marketable securities
|
| | | | 4,373 | | |
Working capital(1)
|
| | | | 8,178 | | |
Total assets
|
| | | | 44,302 | | |
Current liabilities
|
| | | | 13,432 | | |
Long-term debt
|
| | | | 12,195 | | |
Total stockholders’ equity
|
| | | | 13,328 | | |
| | |
As of March 27, 2022
|
| |||||||||
| | |
Actual
|
| |
As Adjusted
|
| ||||||
| | |
(In millions)
(unaudited) |
| |||||||||
Cash, cash equivalents and marketable securities
|
| | | $ | 11,546 | | | | | $ | 11,472 | | |
Debt: | | | | | | | | | | | | | |
Short-term debt | | | | | | | | | | | | | |
Commercial paper
|
| | | | 500 | | | | | | 500 | | |
Fixed-rate 3.000% notes due 2022(1)
|
| | | | 1,540 | | | | | | — | | |
Floating-rate notes due 2023(1)
|
| | | | 500 | | | | | | 500 | | |
Fixed-rate 2.600% notes due 2023(1)
|
| | | | 945 | | | | | | 945 | | |
Long-term debt(1)(2)
|
| | | | 12,195 | | | | | | 12,195 | | |
Notes offered hereby(3): | | | | | | | | | | | | | |
4.250% Notes due 2032
|
| | | | — | | | | | | 496 | | |
4.500% Notes due 2052
|
| | | | — | | | | | | 970 | | |
Total debt
|
| | | | 15,680 | | | | | | 15,606 | | |
Total stockholders’ equity
|
| | | | 13,328 | | | | | | 13,328 | | |
Total capitalization
|
| | | $ | 29,008 | | | | | $ | 28,934 | | |
Underwriter
|
| |
2032 Notes
|
| |
2052 Notes
|
| ||||||
BofA Securities, Inc.
|
| | | $ | 80,000,000 | | | | | $ | 160,000,000 | | |
Citigroup Global Markets Inc.
|
| | | | 80,000,000 | | | | | | 160,000,000 | | |
Goldman Sachs & Co. LLC
|
| | | | 80,000,000 | | | | | | 160,000,000 | | |
J.P. Morgan Securities LLC
|
| | | | 80,000,000 | | | | | | 160,000,000 | | |
Barclays Capital Inc.
|
| | | | 27,500,000 | | | | | | 55,000,000 | | |
BNP Paribas Securities Corp.
|
| | | | 27,500,000 | | | | | | 55,000,000 | | |
Deutsche Bank Securities Inc.
|
| | | | 27,500,000 | | | | | | 55,000,000 | | |
Mizuho Securities USA LLC
|
| | | | 27,500,000 | | | | | | 55,000,000 | | |
Morgan Stanley & Co. LLC
|
| | | | 27,500,000 | | | | | | 55,000,000 | | |
Credit Suisse Securities (USA) LLC
|
| | | | 8,750,000 | | | | | | 17,500,000 | | |
Loop Capital Markets LLC
|
| | | | 8,750,000 | | | | | | 17,500,000 | | |
SMBC Nikko Securities America, Inc.
|
| | | | 8,750,000 | | | | | | 17,500,000 | | |
U.S. Bancorp Investments, Inc.
|
| | | | 8,750,000 | | | | | | 17,500,000 | | |
Academy Securities, Inc.
|
| | | | 2,500,000 | | | | | | 5,000,000 | | |
Samuel A. Ramirez & Company, Inc.
|
| | | | 2,500,000 | | | | | | 5,000,000 | | |
Siebert Williams Shank & Co., LLC
|
| | | | 2,500,000 | | | | | | 5,000,000 | | |
Total
|
| | | $ | 500,000,000 | | | | | $ | 1,000,000,000 | | |
| | |
Paid by Us
|
| |||
2032 Notes
|
| | | | 0.400% | | |
Total
|
| | | $ | 2,000,000 | | |
2052 Notes
|
| | | | 0.750% | | |
Total
|
| | | $ | 7,500,000 | | |
| | | | | i | | | |
| | | | | 1 | | | |
| | | | | 3 | | | |
| | | | | 4 | | | |
| | | | | 6 | | | |
| | | | | 7 | | | |
| | | | | 17 | | | |
| | | | | 18 | | | |
| | | | | 19 | | | |
| | | | | 20 | | | |
| | | | | 21 | | | |
| | | | | 23 | | | |
| | | | | 24 | | | |
| | | | | 25 | | | |
| | | | | 26 | | | |
| | | | | 27 | | |
| Barclays | | | BNP PARIBAS | | | Deutsche Bank Securities | |
|
Mizuho Securities
|
| |
Morgan Stanley
|
|
|
Credit Suisse
|
| |
Loop Capital Markets
|
| |
SMBC Nikko
|
| |
US Bancorp
|
|
| Academy Securities | | |
Ramirez & Co., Inc.
|
| |
Siebert Williams Shank
|
|
Exhibit 107.1
Security Type | Security Class Title | Fee Calculation or Carry Forward Rule | Amount Registered | Proposed Maximum Offering Price Per Unit | Maximum Aggregate Offering Price | Fee Rate | Amount of Registration Fee | Carry Forward Form Type | Carry Forward File Number | Carry Forward Initial effective date | Filing
Fee Previously Paid In Connection with Unsold Securities to be Carried Forward | |||||||||||||||||||||||||||||||||
Newly Registered Securities | ||||||||||||||||||||||||||||||||||||||||||||
Fees to Be Paid | Debt | 4.250% Notes due 2032 | 457 | (r) | $ | 500,000,000 | 99.772 | % | $ | 498,860,000 | .0000927 | $ | 46,244.32 | |||||||||||||||||||||||||||||||
Debt | 4.500% Notes due 2052 | 457 | (r) | $ | 1,000,000,000 | 97.821 | % | $ | 978,210,000 | .0000927 | $ | 90,680.07 | ||||||||||||||||||||||||||||||||
Fees Previously Paid | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||
Carry Forward Securities | ||||||||||||||||||||||||||||||||||||||||||||
Carry Forward Securities | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||
Total Offering Amounts | $ | 1,477,070,000 | $ | 136,924.39 | ||||||||||||||||||||||||||||||||||||||||
Total Fees Previously Paid | — | |||||||||||||||||||||||||||||||||||||||||||
Total Fee Offsets | — | |||||||||||||||||||||||||||||||||||||||||||
Net Fee Due | $ | 136,924.39 |
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