Annual report pursuant to Section 13 and 15(d)

Fair Value Measurements

v3.22.2.2
Fair Value Measurements
 12 Months Ended
Sep. 25, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [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 September 25, 2022 (in millions):
Level 1 Level 2 Level 3 Total
Assets:        
Cash equivalents $ 922  $ 198  $ —  $ 1,120 
Marketable securities:        
Corporate bonds and notes —  3,330  —  3,330 
Equity securities 164  —  —  164 
Mortgage- and asset-backed securities —  99  —  99 
U.S. Treasury securities and government-related securities —  16  —  16 
Total marketable securities 164  3,445  —  3,609 
Derivative instruments —  271  —  271 
Other investments 613  —  15  628 
Total assets measured at fair value $ 1,699  $ 3,914  $ 15  $ 5,628 
Liabilities:        
Derivative instruments $ —  $ 346  $ —  $ 346 
Other liabilities 612  —  —  612 
Total liabilities measured at fair value $ 612  $ 346  $ —  $ 958