Fair Value Measurements (Tables)

6 Months Ended

Mar. 28, 2020

Fair Value Disclosures [Abstract]

Schedule Of Assets And Liabilities Measured At Fair Value On A Recurring Basis

The following tables set forth by level within the fair value hierarchy our financial assets and liabilities accounted for at fair value on a recurring basis according to the valuation techniques we used to determine their fair values (in millions): 

March 28, 2020	Level 1		Level 2		Level 3		Netting (a)			Total
Other Current Assets:
Derivative financial instruments:
Designated as hedges	$	—	$	77	$	—	$	(59	)	$	18
Undesignated	—		126		—		(94		)	32
Available-for-sale securities:
Current	—		1		1		—			2
Other Assets:
Available-for-sale securities:
Non-current	—		56		46		—			102
Deferred compensation assets	9		289		—		—			298
Total assets	$	9	$	549	$	47	$	(153	)	$	452
Other Current Liabilities:
Derivative financial instruments:
Designated as hedges	$	—	$	7	$	—	$	(4	)	$	3
Undesignated	—		219		—		(198		)	21
Total liabilities	$	—	$	226	$	—	$	(202	)	$	24

September 28, 2019	Level 1		Level 2		Level 3		Netting (a)			Total
Other Current Assets:
Derivative financial instruments:
Designated as hedges	$	—	$	26	$	—	$	(3	)	$	23
Undesignated	—		58		—		(5		)	53
Available-for-sale securities:
Current	—		—		1		—			1
Other Assets:
Available-for-sale securities:
Non-current	—		51		51		—			102
Deferred compensation assets	7		311		—		—			318
Total assets	$	7	$	446	$	52	$	(8	)	$	497
Other Current Liabilities:
Derivative financial instruments:
Designated as hedges	$	—	$	17	$	—	$	(13	)	$	4
Undesignated	—		93		—		(90		)	3
Total liabilities	$	—	$	110	$	—	$	(103	)	$	7

(a) Our derivative assets and liabilities are presented in our Consolidated Condensed Balance Sheets on a net basis when a legally enforceable master netting arrangement exists between the counterparty to a derivative contract and us. Additionally, at March 28, 2020, and September 28, 2019, we had $49 million and $95 million, respectively, of net cash collateral with various counterparties where master netting arrangements exist

Schedule Of Debt Securities Measured At Fair Value On A Recurring Basis, Unobservable Input Reconciliation

The following table provides a reconciliation between the beginning and ending balance of marketable debt securities measured at fair value on a recurring basis in the table above that used significant unobservable inputs (Level 3) (in millions): 

	Six Months Ended
	March 28, 2020			March 30, 2019
Balance at beginning of year	$	52		$	51
Total realized and unrealized gains (losses):
Included in earnings	—			—
Included in other comprehensive income (loss)	(1		)	1
Purchases	5			7
Issuances	—			—
Settlements	(9		)	(9		)
Balance at end of period	$	47		$	50
Total gains (losses) for the six month period included in earnings attributable to the change in unrealized gains (losses) relating to assets and liabilities still held at end of period	$	—		$	—

Schedule Of Available For Sale Securities

The following table sets forth our available-for-sale securities' amortized cost basis, fair value and unrealized gain (loss) by significant investment category (in millions):

	March 28, 2020						September 28, 2019
	Amortized Cost Basis		Fair Value		Unrealized Gain (Loss)		Amortized Cost Basis		Fair Value		Unrealized Gain (Loss)
Available-for-sale securities:
Debt securities:
U.S. treasury and agency	$	56	$	57	$	1	$	51	$	51	$	—
Corporate and asset-backed	47		47		—		51		52		1

Schedule Of Fair Value And Carrying Value Of Debt

Fair value of our debt is principally estimated using Level 2 inputs based on quoted prices for those or similar instruments. Fair value and carrying value for our debt are as follows (in millions):

	March 28, 2020				September 28, 2019
	Fair Value		Carrying Value		Fair Value		Carrying Value
Total debt	$	12,938	$	12,120	$	12,978	$	11,932