QUALCOMM INC/DE Fair Value Disclosure
| Level 1 | Level 2 | Total | |||||||||||||||
| Assets: | |||||||||||||||||
| Cash equivalents | $ | 2,890 | $ | 437 | $ | 3,327 | |||||||||||
| Marketable securities: | |||||||||||||||||
| Corporate bonds and notes | $ | — | $ | 3,309 | $ | 3,309 | |||||||||||
| Mortgage- and asset-backed securities | — | 802 | 802 | ||||||||||||||
| U.S. Treasury securities and government-related securities | 110 | 62 | 172 | ||||||||||||||
| Equity securities | 352 | — | 352 | ||||||||||||||
| Total marketable securities | 462 | 4,173 | 4,635 | ||||||||||||||
| Derivative instruments | — | 59 | 59 | ||||||||||||||
Other investments (1) | 1,099 | — | 1,099 | ||||||||||||||
| Total assets measured at fair value | $ | 4,451 | $ | 4,669 | $ | 9,120 | |||||||||||
| Liabilities: | |||||||||||||||||
| Derivative instruments | $ | — | $ | 163 | $ | 163 | |||||||||||
Other liabilities (1) | 1,095 | — | 1,095 | ||||||||||||||
| Total liabilities measured at fair value | $ | 1,095 | $ | 163 | $ | 1,258 | |||||||||||
| September 28, 2025 | |||||
| Years to Maturity: | |||||
| Less than one year | $ | 1,041 | |||
| One to five years | 2,431 | ||||
| Five to ten years | 9 | ||||
| No single maturity date | 802 | ||||
| Total | $ | 4,283 | |||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Nov 5, 2025 | Showing above |
| 2024 | Nov 6, 2024 | |
| 2023 | Nov 1, 2023 | |
| 2022 | Nov 2, 2022 | |
| 2021 | Nov 3, 2021 | |
| 2020 | Nov 4, 2020 | |
| 2019 | Nov 6, 2019 | |
| 2018 | Nov 7, 2018 | |
| 2017 | Nov 1, 2017 | |
| 2016 | Nov 2, 2016 | |
| 2015 | Nov 4, 2015 | |
About Fair Value Disclosures
Fair value disclosures classify all assets and liabilities measured at fair value into a three-level hierarchy: Level 1 (quoted market prices), Level 2 (observable inputs like yield curves), and Level 3 (unobservable inputs requiring management estimates). The proportion of Level 3 assets directly reflects how much of the balance sheet depends on internal models rather than market evidence.
Key signals: a growing Level 3 balance relative to total fair-value assets increases valuation uncertainty and earnings volatility risk. Watch for transfers between levels — assets moving from Level 2 to Level 3 often signal deteriorating market liquidity. Unrealized gains and losses on Level 3 positions flow through earnings or other comprehensive income, so large swings deserve scrutiny. For financial institutions, examine the sensitivity disclosures that show how Level 3 valuations change under alternative assumptions. Compare the fair value of debt against its carrying amount to gauge hidden leverage.