Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.2.0.727
Fair Value Measurements (Tables)
9 Months Ended
Jun. 28, 2015
Notes to Financial Statements [Abstract]  
Fair value hierarchy for assets and liabilities measured at fair value on a recurring basis
The following table presents the Company’s fair value hierarchy for assets and liabilities measured at fair value on a recurring basis at June 28, 2015 (in millions):
 
Level 1
 
Level 2
 
Level 3
 
Total
Assets
 
 
 
 
 
 
 
Cash equivalents
$
5,207

 
$
4,465

 
$

 
$
9,672

Marketable securities (a)
 
 
 
 
 
 
 
U.S. Treasury securities and government-related securities
44

 
1,137

 

 
1,181

Corporate bonds and notes

 
16,272

 

 
16,272

Mortgage- and asset-backed securities

 
1,584

 
181

 
1,765

Auction rate securities

 

 
46

 
46

Common and preferred stock
753

 
683

 

 
1,436

Equity funds
496

 

 

 
496

Debt funds

 
4,042

 

 
4,042

Total marketable securities
1,293

 
23,718

 
227

 
25,238

Derivative instruments
2

 
7

 

 
9

Other investments (a)
356

 

 

 
356

Total assets measured at fair value
$
6,858

 
$
28,190

 
$
227

 
$
35,275

Liabilities
 
 
 
 
 
 
 
Derivative instruments
$

 
$
23

 
$

 
$
23

Other liabilities
310

 

 

 
310

Total liabilities measured at fair value
$
310

 
$
23

 
$

 
$
333


(a) Included amounts that are restricted (Note 11).
Activity for marketable securities classified within Level 3 of the valuation hierarchy
The following table includes the activity for marketable securities classified within Level 3 of the valuation hierarchy (in millions):
 
Nine Months Ended
June 28, 2015
 
Nine Months Ended
June 29, 2014
 
Auction Rate
Securities
 
Mortgage- and Asset-Backed
Securities
 
Auction Rate
Securities
 
Mortgage- and Asset-Backed
Securities
Beginning balance of Level 3
$
83

 
$
186

 
$
83

 
$
239

Total realized and unrealized gains or losses:
 
 
 
 
 
 
 
Included in investment income, net

 
3

 

 
10

Included in other comprehensive income

 
(4
)
 

 
(4
)
Purchases

 
62

 

 
86

Sales

 
(46
)
 

 
(124
)
Settlements
(37
)
 
(20
)
 

 
(28
)
Transfers out of Level 3

 

 

 
(2
)
Ending balance of Level 3
$
46

 
$
181

 
$
83

 
$
177