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Composition of Certain Financial Statement Items (Tables)
9 Months Ended
Jun. 27, 2021
Balance Sheet Related Disclosures [Abstract]  
Inventories
Inventories (in millions)
June 27,
2021
September 27,
2020
Raw materials$231 $94 
Work-in-process1,422 1,155 
Finished goods1,480 1,349 
$3,133 $2,598 
Short-term Debt
Short-term Debt (in millions)
June 27,
2021
September 27,
2020
Commercial paper$500 $500 
Current portion of long-term debt1,545 — 
$2,045 $500 
QCT Revenues Disaggregated QCT revenue streams were as follows (in millions):
Three Months EndedNine Months Ended
June 27,
2021
June 28,
2020
June 27,
2021
June 28,
2020
Handsets (1)$3,863 $2,457 $12,144 $7,461 
RFFE (2) 957 447 2,921 1,509 
Automotive (3)253 138 705 456 
IoT (internet of things) (4)1,399 765 3,517 2,100 
Total QCT revenues$6,472 $3,807 $19,287 $11,526 
(1) Includes revenues from products sold for use in mobile handsets, excluding RFFE (radio frequency front-end) components.
(2) Includes all revenues from sales of 4G, 5G sub-6 and 5G millimeter wave RFFE products (a substantial portion of which are sold for use in handsets) and excludes radio frequency transceiver components.
(3) Includes revenues from products sold for use in automobiles, including telematics, connectivity and infotainment (also known as digital cockpit).
(4) Primarily includes products sold for use in the following industry segments and applications: consumer (including computing, voice and music and XR), industrial (including handhelds, retail, transportation and logistics, and utilities) and edge networking (including mobile broadband and wireless access points).
Customer Concentrations - Revenues Revenues from each customer/licensee that were 10% or greater of total revenues were as follows:
Three Months EndedNine Months Ended
June 27,
2021
June 28,
2020
June 27,
2021
June 28,
2020
Customer/licensee (v)16 %*22 %*
Customer/licensee (w)16 14 %14 15 %
Customer/licensee (x)13 17 14 20 
Customer/licensee (y)10 11 10 10 
Customer/licensee (z)*10 **
Investment and Other Income, Net
Investment and Other Income, Net (in millions)
Three Months EndedNine Months Ended
June 27,
2021
June 28,
2020
June 27,
2021
June 28,
2020
Interest and dividend income$21 $30 $63 $135 
Net gains on marketable securities53 117 86 183 
Net gains on other investments97 48 307 84 
Net gains on deferred compensation plan assets38 57 115 16 
Impairment losses on other investments(7)(12)(24)(349)
Net gains (losses) on derivative investments — (7)
Equity in net earnings (losses) of investees(6)12 (21)
Net losses on foreign currency transactions(3)(6)(29)(4)
$200 $229 $523 $46