Quarterly report pursuant to Section 13 or 15(d)

Marketable Securities (Tables)

v3.8.0.1
Marketable Securities (Tables)
 6 Months Ended
Mar. 25, 2018
Marketable Securities [Abstract]  
Composition of marketable securities
Marketable securities were comprised as follows (in millions):
 
Current
 
Noncurrent
 
March 25,
2018
 
September 24,
2017
 
March 25,
2018
 
September 24,
2017
Available-for-sale:
 
 
 
 
 
 
 
U.S. Treasury securities and government-related securities
$
12

 
$
23

 
$
—

 
$
959

Corporate bonds and notes
1,498

 
2,014

 
—

 
271

Mortgage- and asset-backed and auction rate securities
73

 
93

 
35

 
40

Equity and preferred securities and equity funds
40

 
36

 
—

 
—

Debt funds
—

 
109

 
—

 
—

Total available-for-sale
1,623

 
2,275

 
35

 
1,270

Time deposits
2

 
4

 
—

 
—

Total marketable securities
$
1,625

 
$
2,279

 
$
35

 
$
1,270

Contractual maturities of available-for-sale debt securities
The contractual maturities of available-for-sale debt securities were as follows (in millions):
 
March 25,
2018
Years to Maturity
 
Less than one year
$
610

One to five years
900

Five to ten years
—

Greater than ten years
—

No single maturity date
108

Total
$
1,618

Realized gains and losses on sales of available-for-sale securities
The Company recorded realized gains and losses on sales of available-for-sale securities as follows (in millions):
 
For the three months ended
 
For the six months ended
 
March 25,
2018
 
March 26,
2017
 
March 25,
2018
 
March 26,
2017
Gross realized gains
$
11

 
$
57

 
$
13

 
$
303

Gross realized losses
—

 
—

 
—

 
(107
)
Net realized gains
$
11

 
$
57

 
$
13

 
$
196

Composition of available-for-sale securities
Available-for-sale securities were comprised as follows (in millions):
 
March 25, 2018
 
September 24, 2017
Equity securities
 
 
 
Cost
$
8

 
$
8

Unrealized gains
32

 
28

Fair value
40

 
36

Debt securities (including debt funds)
 
 
 
Cost
1,621

 
3,497

Unrealized gains
3

 
13

Unrealized losses
(6
)
 
(1
)
Fair value
1,618

 
3,509

 
$
1,658

 
$
3,545