Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements

v3.22.1
Fair Value Measurements
 6 Months Ended
Mar. 27, 2022
Fair Value Measurements [Abstract]  
Fair Value Measurements Fair Value Measurements
The following table presents our fair value hierarchy for assets and liabilities measured at fair value on a recurring basis at March 27, 2022 (in millions):
Level 1 Level 2 Level 3 Total
Assets        
Cash equivalents $ 4,823  $ 1,274  $ —  $ 6,097 
Marketable securities:        
Corporate bonds and notes —  3,832  —  3,832 
Equity securities 404  —  —  404 
Mortgage- and asset-backed securities —  131  —  131 
U.S. Treasury securities and government-related securities —  6  —  6 
Total marketable securities 404  3,969  —  4,373 
Derivative instruments —  196  —  196 
Other investments 712  —  24  736 
Total assets measured at fair value $ 5,939  $ 5,439  $ 24  $ 11,402 
Liabilities        
Derivative instruments $ —  $ 83  $ —  $ 83 
Other liabilities 711  —  —  711 
Total liabilities measured at fair value $ 711  $ 83  $ —  $ 794 
Long-term Debt. At March 27, 2022, the aggregate fair value of our outstanding floating- and fixed-rate notes, based on Level 2 inputs, was approximately $15.5 billion.