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Pay vs Performance Disclosure
12 Months Ended
Sep. 29, 2024
USD ($)
$ / shares
Sep. 24, 2023
USD ($)
$ / shares
Sep. 25, 2022
USD ($)
$ / shares
Sep. 26, 2021
USD ($)
$ / shares
Pay vs Performance Disclosure        
Pay vs Performance Disclosure, Table
PAY VERSUS PERFORMANCE
The following tables and charts provide additional compensation information regarding our NEOs, prepared in accordance with the SEC’s pay versus performance disclosure regulations (Item 402(v) of Regulation S-K), for fiscal years 2024, 2023, 2022 and 2021. The values reported include amounts that are reported in our Summary Compensation Table (SCT) above on page 65 and “compensation actually paid” ​(CAP), which is a metric required by the aforementioned regulations, calculated as described below. The HR and Compensation Committee did not utilize CAP as a basis for making its compensation decisions for any of the fiscal years included in the tables and charts below. For information regarding the basis for the compensation decisions made by our HR and Compensation Committee for fiscal 2024, see the “Compensation Discussion and Analysis” section beginning on page 51.
Pay Versus Performance Table
SCT Total
for PEO
Cristiano R.
Amon
($) (1)
CAP to PEO
Cristiano R.
Amon
($) (1)(2)
SCT Total
for PEO
Steve
Mollenkopf
($) (1)
CAP to PEO
Steve
Mollenkopf
($) (1)
Average
SCT Total
for Non-PEO
NEOs
($) (1)
Average
CAP to
Non-PEO
NEOs
($) (1)(3)
Value of Initial
Fixed $100
Investment Based on: (4)
Net Income
(in millions)
($)
Adjusted
EPS
($) (5)
Year
Company
TSR
($)
Peer Group
TSR
($)
2024
25,931,574 48,354,500 10,295,997 17,886,334 162 185 10,142 9.99
2023
23,490,335 8,639,231 8,084,666 4,468,742 100 135 7,232 8.32
2022
4,754,113 5,226,561 4,437,023 5,199,555 110 103 12,936 12.41
2021
20,638,924 39,044,789 7,380,553 40,849,833 8,136,215 14,285,453 119 138 9,043 8.33
1
Mr. Amon was our Principal Executive Officer (PEO) for a portion of fiscal 2021 and all of fiscal 2022 through fiscal 2024. Mr. Mollenkopf was our PEO for a portion of fiscal 2021. Mr. Mollenkopf retired as CEO of the Company, and Mr. Amon was appointed as CEO of the Company, effective June 30, 2021. The other named executive officers (NEOs) represent the following individuals: for fiscal 2024 and fiscal 2023 — Akash Palkhiwala, James H. Thompson, Alexander H. Rogers and Ann Chaplin; for fiscal 2022 — Akash Palkhiwala, Ann Chaplin, James J. Cathey and James H. Thompson; for fiscal 2021 — Akash Palkhiwala, James H. Thompson, Alexander H. Rogers and Heather Ace.
2
To calculate Compensation Actually Paid (CAP) to Mr. Amon for fiscal 2024, the following amounts were deducted from and added to the Summary Compensation Table (SCT) total compensation:
Cristiano R. Amon SCT Total to CAP Reconciliation:
Year
SCT Total
($)
Stock Awards
Deducted from
SCT Total
($) (i)
Additions to
SCT Total
($) (ii)
Compensation
Actually Paid
($)
2024
25,931,574 (20,000,084) 42,423,010 48,354,500
3
To calculate Average CAP to the Non-PEO NEOs for fiscal 2024, the following amounts were deducted from and added to the SCT total compensation:
Average Non-PEO NEOs SCT Total to CAP Reconciliation:
Year
SCT Total
($)
Stock Awards
Deducted from
SCT Total
($) (i)
Additions to
SCT Total
($) (ii)
Compensation
Actually Paid
($)
2024
10,295,997 (7,812,791) 15,403,128 17,886,334
i.
These deductions are the amounts listed in the “Stock Awards” columns of the SCT and represent the grant date fair value of equity-based awards granted in the applicable year.
ii.
Reflects the value of equity calculated in accordance with the SEC methodology for determining CAP for the applicable year, as detailed in the supplemental tables below. The change in fair value of awards shown in the tables below includes the value of dividend equivalents accrued on such awards.
Cristiano R. Amon Equity Component of CAP:
Year
Year End Fair Value
of Equity Awards
Granted in the Year
and Unvested at
Year End ($)
Change in Fair
Value of Awards
Granted in Prior
Years and
Unvested at Year
End ($)
Fair Value as of
Vesting Date of
Awards Granted
and Vested in the
Year ($)
Change in Fair
Value of Awards
Granted in Prior
Years that Vested
During the Year ($)
Equity Value
Included in
CAP ($)
2024
27,145,540 13,736,767 1,540,703 42,423,010
Average Non-PEO NEOs Equity Component of CAP:
Year
Year End Fair Value
of Equity Awards
Granted in the Year
and Unvested at
Year End ($)
Change in Fair
Value of Awards
Granted in Prior
Years and Unvested
at Year End ($)
Fair Value as of
Vesting Date of
Awards Granted
and Vested in the
Year ($)
Change in Fair
Value of Awards
Granted in Prior
Years that Vested
During the Year ($)
Equity Value
Included in
CAP ($)
2024
10,489,970 4,609,851 303,307 15,403,128
4
In accordance with SEC rules, Company and Peer Group total shareholder return (TSR) is determined based on the value of a fixed $100 investment beginning with the market close on the last trading day before our fiscal 2021, through and including the end of the respective listed fiscal year. Peer Group TSR represents represents TSR of the Nasdaq-100 Index, which is the industry peer group used by the Company for purposes of Item 201(e)(1)(ii) of Regulation S-K.
5
Adjusted EPS is the financial measure that was determined to be the most important financial performance measure linking compensation actually paid to our NEOs to company performance for fiscal 2024 and therefore was selected as the fiscal 2024 “Company-Selected Measure” as defined in Item 402(v) of Regulation S-K. The specific adjustments to GAAP EPS to arrive at Adjusted EPS are predetermined and approved by our HR and Compensation Committee in connection with each year’s annual grant of PSUs. The amounts in the table above represent Adjusted EPS as defined for the EPS PSUs granted in fiscal 2024, and the adjustments to reconcile Adjusted EPS to GAAP EPS for fiscal 2024 are described in Appendix A.
     
Named Executive Officers, Footnote
1
Mr. Amon was our Principal Executive Officer (PEO) for a portion of fiscal 2021 and all of fiscal 2022 through fiscal 2024. Mr. Mollenkopf was our PEO for a portion of fiscal 2021. Mr. Mollenkopf retired as CEO of the Company, and Mr. Amon was appointed as CEO of the Company, effective June 30, 2021. The other named executive officers (NEOs) represent the following individuals: for fiscal 2024 and fiscal 2023 — Akash Palkhiwala, James H. Thompson, Alexander H. Rogers and Ann Chaplin; for fiscal 2022 — Akash Palkhiwala, Ann Chaplin, James J. Cathey and James H. Thompson; for fiscal 2021 — Akash Palkhiwala, James H. Thompson, Alexander H. Rogers and Heather Ace.
     
Peer Group Issuers, Footnote
In accordance with SEC rules, Company and Peer Group total shareholder return (TSR) is determined based on the value of a fixed $100 investment beginning with the market close on the last trading day before our fiscal 2021, through and including the end of the respective listed fiscal year. Peer Group TSR represents represents TSR of the Nasdaq-100 Index, which is the industry peer group used by the Company for purposes of Item 201(e)(1)(ii) of Regulation S-K.
     
Adjustment To PEO Compensation, Footnote
2
To calculate Compensation Actually Paid (CAP) to Mr. Amon for fiscal 2024, the following amounts were deducted from and added to the Summary Compensation Table (SCT) total compensation:
Cristiano R. Amon SCT Total to CAP Reconciliation:
Year
SCT Total
($)
Stock Awards
Deducted from
SCT Total
($) (i)
Additions to
SCT Total
($) (ii)
Compensation
Actually Paid
($)
2024
25,931,574 (20,000,084) 42,423,010 48,354,500
i.
These deductions are the amounts listed in the “Stock Awards” columns of the SCT and represent the grant date fair value of equity-based awards granted in the applicable year.
ii.
Reflects the value of equity calculated in accordance with the SEC methodology for determining CAP for the applicable year, as detailed in the supplemental tables below. The change in fair value of awards shown in the tables below includes the value of dividend equivalents accrued on such awards.
Cristiano R. Amon Equity Component of CAP:
Year
Year End Fair Value
of Equity Awards
Granted in the Year
and Unvested at
Year End ($)
Change in Fair
Value of Awards
Granted in Prior
Years and
Unvested at Year
End ($)
Fair Value as of
Vesting Date of
Awards Granted
and Vested in the
Year ($)
Change in Fair
Value of Awards
Granted in Prior
Years that Vested
During the Year ($)
Equity Value
Included in
CAP ($)
2024
27,145,540 13,736,767 1,540,703 42,423,010
     
Non-PEO NEO Average Total Compensation Amount $ 10,295,997 $ 8,084,666 $ 4,437,023 $ 8,136,215
Non-PEO NEO Average Compensation Actually Paid Amount $ 17,886,334 4,468,742 5,199,555 14,285,453
Adjustment to Non-PEO NEO Compensation Footnote
3
To calculate Average CAP to the Non-PEO NEOs for fiscal 2024, the following amounts were deducted from and added to the SCT total compensation:
Average Non-PEO NEOs SCT Total to CAP Reconciliation:
Year
SCT Total
($)
Stock Awards
Deducted from
SCT Total
($) (i)
Additions to
SCT Total
($) (ii)
Compensation
Actually Paid
($)
2024
10,295,997 (7,812,791) 15,403,128 17,886,334
i.
These deductions are the amounts listed in the “Stock Awards” columns of the SCT and represent the grant date fair value of equity-based awards granted in the applicable year.
ii.
Reflects the value of equity calculated in accordance with the SEC methodology for determining CAP for the applicable year, as detailed in the supplemental tables below. The change in fair value of awards shown in the tables below includes the value of dividend equivalents accrued on such awards.
Average Non-PEO NEOs Equity Component of CAP:
Year
Year End Fair Value
of Equity Awards
Granted in the Year
and Unvested at
Year End ($)
Change in Fair
Value of Awards
Granted in Prior
Years and Unvested
at Year End ($)
Fair Value as of
Vesting Date of
Awards Granted
and Vested in the
Year ($)
Change in Fair
Value of Awards
Granted in Prior
Years that Vested
During the Year ($)
Equity Value
Included in
CAP ($)
2024
10,489,970 4,609,851 303,307 15,403,128
     
Compensation Actually Paid vs. Total Shareholder Return
CAP vs. Qualcomm TSR and Nasdaq-100 Index TSR
[MISSING IMAGE: bc_companytsr-pn.jpg]
     
Compensation Actually Paid vs. Net Income
CAP vs. Net Income and Adjusted EPS
[MISSING IMAGE: bc_companynet-pn.jpg]
     
Compensation Actually Paid vs. Company Selected Measure
CAP vs. Net Income and Adjusted EPS
[MISSING IMAGE: bc_companynet-pn.jpg]
     
Total Shareholder Return Vs Peer Group
CAP vs. Qualcomm TSR and Nasdaq-100 Index TSR
[MISSING IMAGE: bc_companytsr-pn.jpg]
     
Tabular List, Table
List of Most Important Measures
In accordance with SEC rules, the following table lists the four financial performance measures that, in the Company’s assessment, represent the most important financial performance measures used to link compensation actually paid to our NEOs to Company performance for fiscal 2024, as further described in our CD&A.
Most Important Performance Measures
Relative Total Stockholder Return (RTSR) (i)
Adjusted Earnings Per Share (Adjusted EPS) (i)
Adjusted Operating Income (ii)
Adjusted Revenues (ii)
i.
RTSR and Adjusted EPS are the performance metrics used for our PSUs, which comprise 60% of the long-term incentive compensation of our NEOs, including the CEO.
ii.
Adjusted Operating Income and Adjusted Revenues are the financial measures used to assess performance in determining the funding for our ACIP.
     
Total Shareholder Return Amount $ 162 100 110 119
Peer Group Total Shareholder Return Amount 185 135 103 138
Net Income (Loss) $ 10,142,000,000 $ 7,232,000,000 $ 12,936,000,000 $ 9,043,000,000
Company Selected Measure Amount | $ / shares 9.99 8.32 12.41 8.33
PEO Name Cristiano R. Amon      
Compensation Actually Paid vs. Peer Group Total Shareholder Return [Text Block]
CAP vs. Qualcomm TSR and Nasdaq-100 Index TSR
[MISSING IMAGE: bc_companytsr-pn.jpg]
     
Measure:: 1        
Pay vs Performance Disclosure        
Name Relative Total Stockholder Return (RTSR)      
Measure:: 2        
Pay vs Performance Disclosure        
Name Adjusted Earnings Per Share (Adjusted EPS)      
Non-GAAP Measure Description
5
Adjusted EPS is the financial measure that was determined to be the most important financial performance measure linking compensation actually paid to our NEOs to company performance for fiscal 2024 and therefore was selected as the fiscal 2024 “Company-Selected Measure” as defined in Item 402(v) of Regulation S-K. The specific adjustments to GAAP EPS to arrive at Adjusted EPS are predetermined and approved by our HR and Compensation Committee in connection with each year’s annual grant of PSUs. The amounts in the table above represent Adjusted EPS as defined for the EPS PSUs granted in fiscal 2024, and the adjustments to reconcile Adjusted EPS to GAAP EPS for fiscal 2024 are described in Appendix A.
     
Measure:: 3        
Pay vs Performance Disclosure        
Name Adjusted Operating Income      
Measure:: 4        
Pay vs Performance Disclosure        
Name Adjusted Revenues      
Cristiano R. Amon [Member]        
Pay vs Performance Disclosure        
PEO Total Compensation Amount $ 25,931,574 $ 23,490,335 $ 4,754,113 $ 20,638,924
PEO Actually Paid Compensation Amount 48,354,500 8,639,231 5,226,561 39,044,789
Cristiano R. Amon [Member] | Stock Awards Value In Compensation Table For The Applicable Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (20,000,084)      
Cristiano R. Amon [Member] | Total Equity Awards Adjustments [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 42,423,010      
Cristiano R. Amon [Member] | Year-end Fair Value Of Awards Granted In The Current Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 27,145,540      
Cristiano R. Amon [Member] | Change In Fair Value Of Outstanding And Unvested Awards Granted In Prior Fiscal Years [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 13,736,767      
Cristiano R. Amon [Member] | Change In Fair Value As Of Vesting Date Of Awards Vested During Current Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount      
Cristiano R. Amon [Member] | Change In Fair Value As Of Vesting Date Of Prior Year Awards Vested During Current Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 1,540,703      
Steve Mollenkopf [Member]        
Pay vs Performance Disclosure        
PEO Total Compensation Amount 7,380,553
PEO Actually Paid Compensation Amount $ 40,849,833
Non-PEO NEO | Stock Awards Value In Compensation Table For The Applicable Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (7,812,791)      
Non-PEO NEO | Total Equity Awards Adjustments [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 15,403,128      
Non-PEO NEO | Year-end Fair Value Of Awards Granted In The Current Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 10,489,970      
Non-PEO NEO | Change In Fair Value Of Outstanding And Unvested Awards Granted In Prior Fiscal Years [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 4,609,851      
Non-PEO NEO | Change In Fair Value As Of Vesting Date Of Awards Vested During Current Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount      
Non-PEO NEO | Change In Fair Value As Of Vesting Date Of Prior Year Awards Vested During Current Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ 303,307