Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.5.0.2
Fair Value Measurements (Tables)
 9 Months Ended
Jun. 26, 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 June 26, 2016 (in millions):
 
Level 1
 
Level 2
 
Level 3
 
Total
Assets
 
 
 
 
 
 
 
Cash equivalents
$
3,698

 
$
1,538

 
$
—

 
$
5,236

Marketable securities
 
 
 
 
 
 
 
U.S. Treasury securities and government-related securities
853

 
1,295

 
—

 
2,148

Corporate bonds and notes
—

 
17,159

 
—

 
17,159

Mortgage- and asset-backed and auction rate securities
—

 
1,999

 
60

 
2,059

Equity and preferred securities and equity funds
1,106

 
459

 
—

 
1,565

Debt funds
—

 
2,216

 
—

 
2,216

Total marketable securities
1,959

 
23,128

 
60

 
25,147

Derivative instruments
—

 
88

 
—

 
88

Other investments
295

 
—

 
—

 
295

Total assets measured at fair value
$
5,952

 
$
24,754

 
$
60

 
$
30,766

Liabilities
 
 
 
 
 
 
 
Derivative instruments
$
—

 
$
11

 
$
—

 
$
11

Other liabilities
295

 
—

 
—

 
295

Total liabilities measured at fair value
$
295

 
$
11

 
$
—

 
$
306


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):
 
Nine Months Ended
 
June 26,
2016
 
June 28,
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

 
62

Sales
(103
)
 
(46
)
Settlements
(41
)
 
(57
)
Transfers out of Level 3
(17
)
 
—

Ending balance of Level 3
$
60

 
$
227