Qualcomm 2012 Annual Report Download - page 47

The following table provides information about our interest-bearing cash and cash equivalents, marketable securities and loans and
debentures that are sensitive to changes in interest rates. The table presents principal cash flows, weighted-average yield at cost and contractual
maturity dates. We have assumed that the interest-
bearing securities are similar enough within the specified categories to aggregate the securities
for presentation purposes. Additionally, the table provides information about our derivative instruments that are sensitive to changes in interest
rates. For such securities, the table presents the notional amount, weighted-average yield and contractual maturity.
Interest Rate Sensitivity
Principal or Notional Amount by Expected Maturity
Average Interest Rates
(Dollars in millions)
Cash and cash equivalents and marketable securities are recorded at fair value. The loans and debentures approximate fair value. The
debentures can be redeemed by us without penalty on certain dates. Additionally, each holder has the right to demand redemption of its portion
of the debentures outstanding on June 25, 2013 subject to sufficient prior written notice.
Equity Price Risk. We hold a diversified marketable securities portfolio that includes equity securities and fund shares that are subject to
equity price risk. We have made investments in marketable equity securities of companies of varying size, style, industry and geography, and
changes in investment allocations may affect the price volatility of our investments. A 10% decrease in the market price of our marketable equity
securities and fund shares at September 30, 2012 would cause a decrease in the carrying amounts of these securities of $321 million. At
September 30, 2012 , gross unrealized losses of our marketable equity securities and fund shares were $14 million. Although we consider these
unrealized losses to be temporary, there is a risk that we may incur net other-than-temporary impairment charges or realized losses on the values
of these securities if they do
41
2013 2014 2015 2016 2017 Thereafter
No Single
Maturity
Total
Fixed interest-bearing securities:
Cash and cash equivalents
$
793
$
—
$
—
$
—
$
—
$
—
$
—
$
793
Interest rate
0.3
%
Trading securities
$
232
$
391
$
43
$
46
$
49
$
136
$
568
$
1,465
Interest rate
0.6
%
3.2
%
3.2
%
5.8
%
4.0
%
2.7
%
3.1
%
Other marketable securities
$
1,314
$
1,283
$
1,979
$
893
$
1,041
$
2,611
$
3,064
$
12,185
Interest rate
1.2
%
2.3
%
1.8
%
3.4
%
2.9
%
6.3
%
1.5
%
Time deposits
$
47
$
—
$
—
$
—
$
—
$
—
$
—
$
47
Interest rate
1.6
%
Interest rate swaps (receive)
$
—
$
—
$
—
$
—
$
20
$
20
$
—
$
40
Interest rate
1.8
%
4.8
%
Interest rate swaps (pay)
$
—
$
—
$
—
$
—
$
—
$
17
$
—
$
17
Interest rate
2.1
%
Floating interest-bearing securities:
Cash and cash equivalents
$
1,925
$
—
$
—
$
—
$
—
$
—
$
—
$
1,925
Interest rate
0.2
%
Trading securities
$
—
$
10
$
—
$
—
$
—
$
2
$
72
$
84
Interest rate
1.7
%
6.4
%
2.3
%
Other marketable securities
$
626
$
1,345
$
200
$
193
$
428
$
1,164
$
2,127
$
6,083
Interest rate
1.2
%
1.5
%
3.7
%
4.3
%
5.5
%
6.3
%
5.6
%
Interest rate swaps (receive)
$
—
$
—
$
—
$
—
$
—
$
17
$
—
$
17
Interest rate
0.4
%
Interest rate swaps (pay)
$
—
$
—
$
—
$
—
$
20
$
20
$
—
$
40
Interest rate
1.3
%
3.3
%
Loans and debentures (1)
$
1,064
$
—
$
—
$
—
$
—
$
—
$
—
$
1,064
Interest rate
10.2
%
(1)
Denominated in Indian rupees.