v3.26.1
Fair Value Measurements (Tables)
 9 Months Ended
Jun. 27, 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): 
June 27, 2026Level 1Level 2Level 3Netting (a)Total
Other Current Assets:
Derivative financial instruments:
Designated as hedges$— $12 $— $(6)$6 
Undesignated — 89 — (45)44 
Other Assets:
Available-for-sale securities (non-current)— 70 19 — 89 
Deferred compensation assets24 541 — — 565 
Total assets$24 $712 $19 $(51)$704 
Other Current Liabilities:
Derivative financial instruments:
Designated as hedges$— $18 $— $(18)$— 
Undesignated — 104 — (87)17 
Total liabilities$— $122 $— $(105)$17 
September 27, 2025Level 1Level 2Level 3Netting (a)Total
Other Current Assets:
Derivative financial instruments:
Designated as hedges$— $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 June 27, 2026 and September 27, 2025, we had $54 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): 
Nine Months Ended
June 27, 2026June 28, 2025
Balance at beginning of year$27 $28 
Total realized and unrealized gains (losses):
Included in other comprehensive income (loss)— — 
Purchases8 7 
Issuances— — 
Settlements(16)(8)
Balance at end of period$19 $27 
Total gains (losses) for the nine 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):
June 27, 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$72 $70 $(2)$91 $90 $(1)
Corporate and asset-backed19 19 — 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):
June 27, 2026September 27, 2025
Fair ValueCarrying ValueFair ValueCarrying Value
Total debt$7,769 $8,006 $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):
June 27, 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$72 $70 $(2)$91 $90 $(1)
Corporate and asset-backed19 19 — 27 27 —