Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Notes)

v3.8.0.1
Fair Value Measurements (Notes)
 6 Months Ended
Mar. 25, 2018
Notes to Financial Statements [Abstract]  
Fair Value Measurements
Fair Value Measurements
The following table presents the Company’s fair value hierarchy for assets and liabilities measured at fair value on a recurring basis at March 25, 2018 (in millions):
 
Level 1
 
Level 2
 
Level 3
 
Total
Assets
 
 
 
 
 
 
 
Cash equivalents
$
26,328

 
$
10,573

 
$
—

 
$
36,901

Marketable securities:
 
 
 
 
 
 
 
U.S. Treasury securities and government-related securities
10

 
2

 
—

 
12

Corporate bonds and notes
—

 
1,498

 
—

 
1,498

Mortgage- and asset-backed and auction rate securities
—

 
73

 
35

 
108

Equity and preferred securities and equity funds
40

 
—

 
—

 
40

Total marketable securities
50

 
1,573

 
35

 
1,658

Derivative instruments
—

 
7

 
—

 
7

Other investments
408

 
—

 
13

 
421

Total assets measured at fair value
$
26,786

 
$
12,153

 
$
48

 
$
38,987

Liabilities
 
 
 
 
 
 
 
Derivative instruments
$
—

 
$
65

 
$
—

 
$
65

Other liabilities
408

 
—

 
194

 
602

Total liabilities measured at fair value
$
408

 
$
65

 
$
194

 
$
667


Activity between Levels of the Fair Value Hierarchy. There were no transfers between Level 1 and Level 2 in the six months ended March 25, 2018 and March 26, 2017. There were no transfers of marketable securities into or out of Level 3 during the six months ended March 25, 2018 and March 26, 2017. Other investments and other liabilities included in Level 3 at March 25, 2018 were comprised of convertible debt instruments issued by private companies and contingent consideration related to business combinations, respectively. There were no transfers of convertible debt instruments or contingent consideration amounts into or out of Level 3 during the six months ended March 25, 2018 and March 26, 2017.