Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v2.4.1.9
Fair Value Measurements (Tables)
3 Months Ended
Dec. 28, 2014
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 December 28, 2014 (in millions):
 
Level 1
 
Level 2
 
Level 3
 
Total
Assets
 
 
 
 
 
 
 
Cash equivalents
$
3,226

 
$
2,692

 
$

 
$
5,918

Marketable securities (a)
 
 
 
 
 
 
 
U.S. Treasury securities and government-related securities
389

 
1,115

 

 
1,504

Corporate bonds and notes

 
15,594

 

 
15,594

Mortgage- and asset-backed securities

 
1,353

 
183

 
1,536

Auction rate securities

 

 
47

 
47

Common and preferred stock
1,126

 
687

 

 
1,813

Equity funds
763

 

 

 
763

Debt funds
473

 
3,548

 

 
4,021

Total marketable securities
2,751

 
22,297

 
230

 
25,278

Derivative instruments
1

 
5

 

 
6

Other investments (a)
326

 

 

 
326

Total assets measured at fair value
$
6,304

 
$
24,994

 
$
230

 
$
31,528

Liabilities
 
 
 
 
 
 
 
Derivative instruments
$

 
$
6

 
$

 
$
6

Other liabilities
288

 

 

 
288

Total liabilities measured at fair value
$
288

 
$
6

 
$

 
$
294


(a) Included amounts that are restricted (Note 11).
Activity for marketable securities classified within Level 3 of the valuation hierarchy
The following table includes the activity for marketable securities classified within Level 3 of the valuation hierarchy (in millions):
 
Three Months Ended December 28, 2014
 
Three Months Ended December 29, 2013
 
Auction Rate
Securities
 
Mortgage- and Asset-Backed
Securities
 
Auction Rate
Securities
 
Mortgage- and Asset-Backed
Securities
Beginning balance of Level 3
$
83

 
$
186

 
$
83

 
$
239

Total realized and unrealized gains or losses:
 
 
 
 
 
 
 
Included in investment income, net

 

 

 
2

Included in other comprehensive income
1

 
(1
)
 

 
(1
)
Purchases

 
29

 

 
23

Sales

 
(24
)
 

 
(9
)
Settlements
(37
)
 
(7
)
 

 
(8
)
Ending balance of Level 3
$
47

 
$
183

 
$
83

 
$
246