v3.26.1
Fair Value Measurements (Tables)
 6 Months Ended
Mar. 28, 2026
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 28, 2026Level 1Level 2Level 3Netting (a)Total
Other Current Assets:
Derivative financial instruments:
Designated as hedges$— $28 $— $(2)$26 
Undesignated — 93 — (7)86 
Other Assets:
Available-for-sale securities (non-current)— 88 30 — 118 
Deferred compensation assets17 501 — — 518 
Total assets$17 $710 $30 $(9)$748 
Other Current Liabilities:
Derivative financial instruments:
Designated as hedges$— $15 $— $(15)$— 
Undesignated — 63 — (50)13 
Total liabilities$— $78 $— $(65)$13 
September 27, 2025Level 1Level 2Level 3Netting (a)Total
Other Current Assets:
Derivative financial instruments:
Designated as hedges$— $6 $— $(1)$5 
Undesignated — 113 — (20)93 
Other Assets:
Available-for-sale securities (non-current)— 90 27 — 117 
Deferred compensation assets21 501 — — 522 
Total assets$21 $710 $27 $(21)$737 
Other Current Liabilities:
Derivative financial instruments:
Designated as hedges— 82 — (82)— 
Undesignated — 135 — (126)9 
Total liabilities$— $217 $— $(208)$9 
(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 28, 2026, and September 27, 2025, we had $56 million and $187 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 28, 2026March 29, 2025
Balance at beginning of year$27 $28 
Total realized and unrealized gains (losses):
Included in other comprehensive income (loss)— — 
Purchases7 4 
Issuances— — 
Settlements(4)(7)
Balance at end of period$30 $25 
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 28, 2026September 27, 2025
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$90 $88 $(2)$91 $90 $(1)
Corporate and asset-backed30 30 — 27 27 — 
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 28, 2026September 27, 2025
Fair ValueCarrying ValueFair ValueCarrying Value
Total debt$7,823 $8,083 $8,658 $8,830 
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 28, 2026September 27, 2025
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$90 $88 $(2)$91 $90 $(1)
Corporate and asset-backed30 30 — 27 27 —