Annual report pursuant to Section 13 and 15(d)

Fair Value Measurements (Tables)

v3.23.3
Fair Value Measurements (Tables)
 12 Months Ended
Sep. 24, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Abstract]  
Fair value hierarchy for assets and liabilities measured at fair value on a recurring basis
The following table presents our fair value hierarchy for assets and liabilities measured at fair value on a recurring basis at September 24, 2023 (in millions):
Level 1 Level 2 Level 3 Total
Assets:        
Cash equivalents $ 5,335  $ 1,819  $ —  $ 7,154 
Marketable securities:        
Corporate bonds and notes $ —  $ 2,590  $ —  $ 2,590 
Mortgage- and asset-backed securities —  123  —  123 
Equity securities 121  —  —  121 
U.S. Treasury securities and government-related securities 20  20  —  40 
Total marketable securities 141  2,733  —  2,874 
Derivative instruments —  32  —  32 
Other investments 742  —  43  785 
Total assets measured at fair value $ 6,218  $ 4,584  $ 43  $ 10,845 
Liabilities:        
Derivative instruments $ —  $ 317  $ —  $ 317 
Other liabilities 740  —  —  740 
Total liabilities measured at fair value $ 740  $ 317  $ —  $ 1,057 
Investments Classified by Contractual Maturity Date
The contractual maturities of available-for-sale debt securities were as follows (in millions):
September 24,
2023
Years to Maturity:
Less than one year $ 1,321 
One to five years 1,306 
Five to ten years 3 
No single maturity date 123 
Total $ 2,753