Financial Instruments (Tables)

9 Months Ended

Jun. 26, 2026

Net investment hedges

Financial Instruments

Schedule of impacts of hedging program


			For the					For the
			Quarters Ended					Nine Months Ended
		June 26,			June 27,			June 26,			June 27,
		2026			2025			2026			2025

		(in millions)
Foreign currency exchange gains (losses) on intercompany loans and external borrowings⁽¹⁾		$	30		$	(228)		$	85		$	(189)
Gains (losses) on cross-currency swap contracts designated as hedges of net investment⁽¹⁾			5			(336)			117			(158)

(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

Financial Instruments

Summary of fair value of derivative instruments


		June 26,			September 26,
		2026			2025

		(in millions)
Prepaid expenses and other current assets		$	32		$	11
Other assets			83			23
Accrued and other current liabilities			86			97
Other liabilities			100			193

Commodity swap contracts | Cash flow hedges

Financial Instruments

Summary of fair value of derivative instruments


		June 26,			September 26,
		2026			2025

		(in millions)
Prepaid expenses and other current assets		$	70		$	73
Other assets			1			7
Accrued and other current liabilities			37			—
Other liabilities			14			—

Schedule of impacts of hedging program

For the

For the

Quarters Ended

Nine Months Ended

June 26,

June 27,

June 26,

June 27,

 

2026

 

2025

 

2026

 

2025

 

(in millions)

Gains (losses) recorded in other comprehensive income (loss)

$

(20)

$

7

$

114

$

59

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

56

16

158

38