FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Dec. 28, 2019

Carrying Amounts and Fair Values of Financial Instruments

The following summarizes the carrying amounts and fair values of financial instruments (in millions):



		December 28, 2019				September 30, 2019
	Level	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Assets:
Cash and cash equivalents	1	$	4,194	$	4,194	$	1,467	$	1,467
Interest rate cap agreements ⁽¹⁾	2	1		1		1		1
Foreign currency forward exchange contracts and other ⁽²⁾	2	1		1		—		—
Liabilities:
Interest rate swap agreements ⁽³⁾	2	14		14		13		13
Interest rate swap agreements ⁽⁴⁾	2	169		169		202		202
Foreign currency forward exchange contracts and other ⁽³⁾	2	4		4		6		6
Short-term borrowings - trade receivable securitization facility ⁽⁵⁾	1	350		350		350		350
Long-term debt, including current portion:
Term loans ⁽⁵⁾	2	7,452		7,509		7,449		7,478
6.00% 2022 Notes ⁽⁵⁾	1	—		—		1,146		1,167
6.50% 2024 Notes ⁽⁵⁾	1	1,195		1,236		1,194		1,239
6.50% 2025 Notes ⁽⁵⁾	1	750		781		750		782
6.375% 2026 Notes ⁽⁵⁾	1	943		1,007		943		999
6.875% 2026 Notes ⁽⁵⁾	1	492		536		491		535
6.25% 2026 Notes ⁽⁵⁾	1	3,945		4,325		3,942		4,290
7.50% 2027 Notes ⁽⁵⁾	1	545		601		545		595
5.50% 2027 Notes ⁽⁵⁾	1	2,627		2,686		—		—
Government Refundable Advances	2	31		31		39		39
Finance Lease Obligations	2	52		52		50		50


⁽¹⁾	Included in other non-current assets on the condensed consolidated balance sheets.


⁽²⁾	Included in prepaid expenses and other on the condensed consolidated balance sheets.


⁽³⁾	Included in accrued liabilities on the condensed consolidated balance sheets.


⁽⁴⁾	Included in other non-current liabilities on the condensed consolidated balance sheets.

⁽⁵⁾

The carrying amount of the debt instrument is presented net of debt issuance costs, premium and discount. Refer to Note 9, "Debt," for gross carrying amounts.