Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.3.1.900
Fair Value Measurements (Tables)
6 Months Ended
Mar. 27, 2016
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 March 27, 2016 (in millions):
 
Level 1
 
Level 2
 
Level 3
 
Total
Assets
 
 
 
 
 
 
 
Cash equivalents
$
2,860

 
$
1,884

 
$

 
$
4,744

Marketable securities
 
 
 
 
 
 
 
U.S. Treasury securities and government-related securities
103

 
1,019

 

 
1,122

Corporate bonds and notes

 
16,696

 

 
16,696

Mortgage- and asset-backed and auction rate securities

 
1,901

 
65

 
1,966

Equity and preferred securities and equity funds
1,088

 
403

 

 
1,491

Debt funds

 
2,934

 

 
2,934

Total marketable securities
1,191

 
22,953

 
65

 
24,209

Derivative instruments

 
60

 

 
60

Other investments
289

 

 

 
289

Total assets measured at fair value
$
4,340

 
$
24,897

 
$
65

 
$
29,302

Liabilities
 
 
 
 
 
 
 
Derivative instruments
$

 
$
7

 
$

 
$
7

Other liabilities
288

 

 

 
288

Total liabilities measured at fair value
$
288

 
$
7

 
$

 
$
295


Activity for marketable securities classified within Level 3 of the valuation hierarchy
The following table includes the activity for mortgage- and asset-backed and auction rate securities classified within Level 3 of the valuation hierarchy (in millions):
 
Six Months Ended
 
March 27,
2016
 
March 29,
2015
Beginning balance of Level 3
$
224

 
$
269

Total realized and unrealized gains or losses:
 
 
 
Included in investment income, net
(3
)
 
3

Included in other comprehensive income (loss)
(2
)
 
(4
)
Purchases
2

 
50

Sales
(101
)
 
(41
)
Settlements
(40
)
 
(49
)
Transfers out of Level 3
(15
)
 

Ending balance of Level 3
$
65

 
$
228