v3.25.1
Fair Value Measurements (Tables)
 6 Months Ended
Mar. 29, 2025
Fair Value Disclosures [Abstract]  
Schedule Of Assets And Liabilities Measured At Fair Value On A Recurring Basis
The following tables set forth by level within the fair value hierarchy our financial assets and liabilities accounted for at fair value on a recurring basis according to the valuation techniques we used to determine their fair values (in millions): 
March 29, 2025Level 1Level 2Level 3Netting (a)Total
Other Current Assets:
Derivative financial instruments:
Designated as hedges$— $10 $— $(2)$8 
Undesignated — 79 — (16)63 
Other Assets:
Available-for-sale securities (non-current)— 89 25 — 114 
Deferred compensation assets17 458 — — 475 
Total assets$17 $636 $25 $(18)$660 
Other Current Liabilities:
Derivative financial instruments:
Designated as hedges$— $67 $— $(67)$— 
Undesignated — 89 — (73)16 
Total liabilities$— $156 $— $(140)$16 
September 28, 2024Level 1Level 2Level 3Netting (a)Total
Other Current Assets:
Derivative financial instruments:
Designated as hedges$— $15 $— $(2)$13 
Undesignated — 79 — 2 81 
Available-for-sale securities (current)— 10 — — 10 
Other Assets:
Available-for-sale securities (non-current)— 75 28 — 103 
Deferred compensation assets22 461 — — 483 
Total assets$22 $640 $28 $— $690 
Other Current Liabilities:
Derivative financial instruments:
Designated as hedges$— $19 $— $(19)$— 
Undesignated — 71 — (35)36 
Total liabilities$— $90 $— $(54)$36 
(a) Our derivative assets and liabilities are presented in our Consolidated Condensed Balance Sheets on a net basis when a legally enforceable master netting arrangement exists between the counterparty to a derivative contract and us. Additionally, at March 29, 2025, and September 28, 2024, we had $122 million and $54 million, respectively, of net cash collateral with various counterparties where master netting arrangements exist and held no cash collateral.
Schedule Of Debt Securities Measured At Fair Value On A Recurring Basis, Unobservable Input Reconciliation
The following table provides a reconciliation between the beginning and ending balance of marketable debt securities measured at fair value on a recurring basis in the table above that used significant unobservable inputs (Level 3) (in millions): 
Six Months Ended
March 29, 2025March 30, 2024
Balance at beginning of year$28 $30 
Total realized and unrealized gains (losses):
Included in other comprehensive income (loss)— 1 
Purchases4 2 
Issuances— — 
Settlements(7)(3)
Balance at end of period$25 $30 
Total gains (losses) for the six month period included in earnings attributable to the change in unrealized gains (losses) relating to assets and liabilities still held at end of period
$— $— 
Schedule Of Available For Sale Securities
The following table sets forth our available-for-sale securities’ amortized cost basis, fair value and unrealized gain (loss) by significant investment category (in millions):
March 29, 2025September 28, 2024
Amortized
Cost Basis		Fair
Value		Unrealized
Gain (Loss)		Amortized
Cost Basis		Fair
Value		Unrealized
Gain (Loss)
Available-for-sale securities:
Debt securities:
U.S. treasury and agency$91 $89 $(2)$86 $85 $(1)
Corporate and asset-backed25 25 — 28 28 — 
Schedule Of Fair Value And Carrying Value Of Debt
Fair value of our debt is principally estimated using Level 2 inputs based on quoted prices for those or similar instruments. Fair value and carrying value for our debt are as follows (in millions):
March 29, 2025September 28, 2024
Fair ValueCarrying ValueFair ValueCarrying Value
Total debt$8,815 $9,068 $9,638 $9,787 
Debt Securities, Available-for-sale
The following table sets forth our available-for-sale securities’ amortized cost basis, fair value and unrealized gain (loss) by significant investment category (in millions):
March 29, 2025September 28, 2024
Amortized
Cost Basis		Fair
Value		Unrealized
Gain (Loss)		Amortized
Cost Basis		Fair
Value		Unrealized
Gain (Loss)
Available-for-sale securities:
Debt securities:
U.S. treasury and agency$91 $89 $(2)$86 $85 $(1)
Corporate and asset-backed25 25 — 28 28 —