v3.25.2
Financial Instruments (Tables)
9 Months Ended
Jun. 27, 2025
Net investment hedges  
Schedule of impacts of hedging program

For the

For the

Quarters Ended

Nine Months Ended

June 27,

June 28,

June 27,

June 28,

    

2025

    

2024

    

2025

    

2024

    

(in millions)

Foreign currency exchange gains (losses) on intercompany loans and external borrowings(1)

$

(228)

$

29

$

(189)

$

7

Gains (losses) on cross-currency swap contracts designated as hedges of net investment(1)

 

(336)

 

48

 

(158)

 

10

(1)Recorded as currency translation, a component of accumulated other comprehensive income (loss), and offset by changes attributable to the translation of the net investment.
Cross-currency swap contracts | Net investment hedges  
Summary of fair value of derivative instruments

June 27,

September 27,

    

2025

    

2024

    

(in millions)

Prepaid expenses and other current assets

$

16

$

31

Other assets

 

9

 

11

Accrued and other current liabilities

108

51

Other liabilities

251

99

Commodity swap contracts | Cash flow hedges  
Summary of fair value of derivative instruments

June 27,

September 27,

    

2025

    

2024

    

(in millions)

Prepaid expenses and other current assets

$

74

$

52

Other assets

 

7

 

4

Accrued and other current liabilities

2

1

Other liabilities

2

Schedule of impacts of hedging program

For the

For the

Quarters Ended

Nine Months Ended

June 27,

June 28,

June 27,

June 28,

    

2025

    

2024

    

2025

    

2024

    

(in millions)

Gains recorded in other comprehensive income (loss)

$

7

$

23

$

59

    

$

62

Gains reclassified from accumulated other comprehensive income (loss) into cost of sales

16

8

38

4