Property, Plant and Equipment Disclosure
Asset Age Ratios (Summary)
Average Age
Estimated Total Useful Life
Estimated Age, Time Elapsed Since Purchase
Estimated Remaining Life

Qualcomm Inc., balance sheet: property, plant and equipment

US$ in millions

	Sep 24, 2023	Sep 25, 2022	Sep 26, 2021	Sep 27, 2020	Sep 29, 2019	Sep 30, 2018
Land	169)	170)	172)	173)	170)	186)
Buildings and improvements	1,849)	1,767)	1,642)	1,606)	1,546)	1,575)
Computer equipment and software	1,773)	1,680)	1,483)	1,427)	1,356)	1,419)
Machinery and equipment	8,078)	7,349)	6,420)	5,095)	4,007)	3,792)
Furniture and office equipment	130)	105)	94)	90)	86)	85)
Leasehold improvements	485)	369)	374)	320)	301)	325)
Construction in progress	226)	330)	269)	134)	182)	79)
Property, plant and equipment, gross	12,710)	11,770)	10,454)	8,845)	7,648)	7,461)
Accumulated depreciation and amortization	(7,668)	(6,602)	(5,895)	(5,134)	(4,567)	(4,486)
Property, plant and equipment, net	5,042)	5,168)	4,559)	3,711)	3,081)	2,975)

Based on: 10-K (reporting date: 2023-09-24), 10-K (reporting date: 2022-09-25), 10-K (reporting date: 2021-09-26), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29), 10-K (reporting date: 2018-09-30).

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Item	Description	The company
Property, plant and equipment, gross	Amount before accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.	Qualcomm Inc. property, plant and equipment, gross increased from 2021 to 2022 and from 2022 to 2023.
Property, plant and equipment, net	Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.	Qualcomm Inc. property, plant and equipment, net increased from 2021 to 2022 but then slightly decreased from 2022 to 2023.

Qualcomm Inc., asset age ratios

	Sep 24, 2023	Sep 25, 2022	Sep 26, 2021	Sep 27, 2020	Sep 29, 2019	Sep 30, 2018
Average age ratio	61.14%	56.91%	57.33%	59.20%	61.07%	61.66%
Estimated total useful life (years)	9	9	10	11	11	9
Estimated age, time elapsed since purchase (years)	5	5	6	7	7	6
Estimated remaining life (years)	3	4	4	5	4	4

Based on: 10-K (reporting date: 2023-09-24), 10-K (reporting date: 2022-09-25), 10-K (reporting date: 2021-09-26), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29), 10-K (reporting date: 2018-09-30).

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Asset age ratio	Description	The company
Average age ratio	As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company fixed asset base is old or new. Newer assets are likely to be more efficient.	Qualcomm Inc. average age ratio of depreciable property, plant and equipment improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023.
Estimated total useful life	Over longer time periods, this ratio is a useful measure of company depreciation policy and can be used for comparisons with competitors.	Qualcomm Inc. estimated total useful life of depreciable property, plant and equipment decreased from 2021 to 2022 but then slightly increased from 2022 to 2023.
Estimated time elapsed since purchase	The approximate age in years of a company fixed assets. Useful for comparison purposes.	Qualcomm Inc. estimated time elapsed since purchase of depreciable property, plant and equipment improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023.
Estimated remaining life		Qualcomm Inc. estimated remaining life of depreciable property, plant and equipment decreased from 2021 to 2022 and from 2022 to 2023.

	Sep 24, 2023	Sep 25, 2022	Sep 26, 2021	Sep 27, 2020	Sep 29, 2019	Sep 30, 2018
Selected Financial Data (US$ in millions)
Accumulated depreciation and amortization	7,668)	6,602)	5,895)	5,134)	4,567)	4,486)
Property, plant and equipment, gross	12,710)	11,770)	10,454)	8,845)	7,648)	7,461)
Land	169)	170)	172)	173)	170)	186)
Asset Age Ratio
Average age¹	61.14%	56.91%	57.33%	59.20%	61.07%	61.66%

Based on: 10-K (reporting date: 2023-09-24), 10-K (reporting date: 2022-09-25), 10-K (reporting date: 2021-09-26), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29), 10-K (reporting date: 2018-09-30).

2023 Calculations

¹ Average age = 100 × Accumulated depreciation and amortization ÷ (Property, plant and equipment, gross – Land)
= 100 × 7,668 ÷ (12,710 – 169) = 61.14%

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Asset age ratio	Description	The company
Average age	As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company fixed asset base is old or new. Newer assets are likely to be more efficient.	Qualcomm Inc. average age ratio of depreciable property, plant and equipment improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023.

	Sep 24, 2023	Sep 25, 2022	Sep 26, 2021	Sep 27, 2020	Sep 29, 2019	Sep 30, 2018
Selected Financial Data (US$ in millions)
Property, plant and equipment, gross	12,710)	11,770)	10,454)	8,845)	7,648)	7,461)
Land	169)	170)	172)	173)	170)	186)
Depreciation and amortization expense related to property, plant and equipment	1,400)	1,300)	1,000)	772)	674)	776)
Asset Age Ratio (Years)
Estimated total useful life¹	9	9	10	11	11	9

Based on: 10-K (reporting date: 2023-09-24), 10-K (reporting date: 2022-09-25), 10-K (reporting date: 2021-09-26), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29), 10-K (reporting date: 2018-09-30).

2023 Calculations

¹ Estimated total useful life = (Property, plant and equipment, gross – Land) ÷ Depreciation and amortization expense related to property, plant and equipment
= (12,710 – 169) ÷ 1,400 = 9

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Asset age ratio	Description	The company
Estimated total useful life	Over longer time periods, this ratio is a useful measure of company depreciation policy and can be used for comparisons with competitors.	Qualcomm Inc. estimated total useful life of depreciable property, plant and equipment decreased from 2021 to 2022 but then slightly increased from 2022 to 2023.

	Sep 24, 2023	Sep 25, 2022	Sep 26, 2021	Sep 27, 2020	Sep 29, 2019	Sep 30, 2018
Selected Financial Data (US$ in millions)
Accumulated depreciation and amortization	7,668)	6,602)	5,895)	5,134)	4,567)	4,486)
Depreciation and amortization expense related to property, plant and equipment	1,400)	1,300)	1,000)	772)	674)	776)
Asset Age Ratio (Years)
Time elapsed since purchase¹	5	5	6	7	7	6

Based on: 10-K (reporting date: 2023-09-24), 10-K (reporting date: 2022-09-25), 10-K (reporting date: 2021-09-26), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29), 10-K (reporting date: 2018-09-30).

2023 Calculations

¹ Time elapsed since purchase = Accumulated depreciation and amortization ÷ Depreciation and amortization expense related to property, plant and equipment
= 7,668 ÷ 1,400 = 5

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Asset age ratio	Description	The company
Estimated time elapsed since purchase	The approximate age in years of a company fixed assets. Useful for comparison purposes.	Qualcomm Inc. estimated time elapsed since purchase of depreciable property, plant and equipment improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023.

	Sep 24, 2023	Sep 25, 2022	Sep 26, 2021	Sep 27, 2020	Sep 29, 2019	Sep 30, 2018
Selected Financial Data (US$ in millions)
Property, plant and equipment, net	5,042)	5,168)	4,559)	3,711)	3,081)	2,975)
Land	169)	170)	172)	173)	170)	186)
Depreciation and amortization expense related to property, plant and equipment	1,400)	1,300)	1,000)	772)	674)	776)
Asset Age Ratio (Years)
Estimated remaining life¹	3	4	4	5	4	4

Based on: 10-K (reporting date: 2023-09-24), 10-K (reporting date: 2022-09-25), 10-K (reporting date: 2021-09-26), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29), 10-K (reporting date: 2018-09-30).

2023 Calculations

¹ Estimated remaining life = (Property, plant and equipment, net – Land) ÷ Depreciation and amortization expense related to property, plant and equipment
= (5,042 – 169) ÷ 1,400 = 3

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Asset age ratio	Description	The company
Estimated remaining life		Qualcomm Inc. estimated remaining life of depreciable property, plant and equipment decreased from 2021 to 2022 and from 2022 to 2023.

Qualcomm Inc. (NASDAQ:QCOM)

Analysis of Property, Plant and Equipment

Property, Plant and Equipment Disclosure

Asset Age Ratios (Summary)

Average Age

Estimated Total Useful Life

Estimated Age, Time Elapsed since Purchase

Estimated Remaining Life