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Investments & Fair Value Measurements (Tables)
 9 Months Ended
Jun. 25, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Abstract]  
Schedule Of Financial Assets and Liabilities Carried At Fair Value Our cash and investment portfolio consisted of the following (in thousands):
June 25, 2021
CostUnrealizedEstimated Fair Value
GainsLossesTotalLevel 1Level 2Level 3
Cash and cash equivalents:
Cash$915,221 $— $— $915,221 $915,221 $— $— 
Cash equivalents:
Money market funds304,427 — — 304,427 304,427 — — 
Cash and cash equivalents1,219,648 — — 1,219,648 1,219,648 — — 
Short-term investments:
Certificate of deposit2,875 — — 2,875 — 2,875 — 
U.S. agency securities1,523 11 — 1,534 — 1,534 — 
Government bonds1,149 2 — 1,151 100 1,051 — 
Commercial paper4,655 2 — 4,657 — 4,657 — 
Corporate bonds22,355 130 (1)22,484 — 22,484 — 
Municipal debt securities15,523 54 (1)15,576 — 15,576 — 
Short-term investments48,080 199 (2)48,277 100 48,177 — 
Long-term investments:
U.S. agency securities2,265 15 (4)2,276 — 2,276 — 
Government bonds10,519 45 (23)10,541 3,818 6,723 — 
Corporate bonds26,141 99 (27)26,213 — 26,213 — 
Municipal debt securities9,624 70 (4)9,690 — 9,690 — 
Other long-term investments (1)
5,435 — — 5,435 — — — 
Long-term investments53,984 229 (58)54,155 3,818 44,902 — 
Total cash, cash equivalents, and investments$1,321,712 $428 $(60)$1,322,080 $1,223,566 $93,079 $— 
Investments held in supplemental retirement plan:
Assets$4,747 $— $— $4,747 $4,747 $— $— 
Included in prepaid expenses and other current assets and other non-current assets
Liabilities$4,747 $— $— $4,747 $4,747 $— $— 
Included in accrued liabilities and other non-current liabilities
Currency derivatives as hedge instruments:
Assets: Included in other current assets$— $3,195 $— $3,195 $— $3,195 $— 
Liabilities: Included in other accrued liabilities— — (30)(30)— (30)— 
(1)Other long-term investments as of June 25, 2021 is comprised of one equity method investment which is not carried at fair value of $5.4 million.
September 25, 2020
CostUnrealizedEstimated Fair Value
GainsLossesTotalLevel 1Level 2Level 3
Cash and cash equivalents:
Cash$856,740 $— $— $856,740 $856,740 $— $— 
Cash equivalents:
Commercial paper900 — — 900 — 900 — 
Money market funds214,111 — — 214,111 214,111 — — 
Government bonds125 — — 125 125 — — 
Cash and cash equivalents1,071,876 — — 1,071,876 1,070,976 900 — 
Short-term investments:
Certificate of deposit2,277 1 — 2,278 — 2,278 — 
U.S. agency securities999 12 — 1,011 — 1,011 — 
Government bonds5,118 47 — 5,165 1,370 3,795 — 
Commercial paper4,727 4 — 4,731 — 4,731 — 
Corporate bonds18,754 87 (3)18,838 — 18,838 — 
Municipal debt securities14,828 97 — 14,925 — 14,925 — 
Short-term investments46,703 248 (3)46,948 1,370 45,578 — 
Long-term investments:
U.S. agency securities2,214 56 — 2,270 — 2,270 — 
Government bonds5,137 80 — 5,217 1,633 3,584 — 
Corporate bonds24,657 419 (7)25,069 — 25,069 — 
Municipal debt securities15,220 203 (6)15,417 — 15,417 — 
Other long-term investments (1)4,176 — — 4,176 — — — 
Long-term investments51,404 758 (13)52,149 1,633 46,340 — 
Total cash, cash equivalents, and investments$1,169,983 $1,006 $(16)$1,170,973 $1,073,979 $92,818 $— 
Investments held in supplemental retirement plan:
Assets$4,279 $— $— $4,279 $4,279 $— $— 
Included in prepaid expenses and other current assets and other non-current assets
Liabilities$4,279 $— $— $4,279 $4,279 $— $— 
Included in accrued liabilities and other non-current liabilities
Currency derivatives as hedge instruments:
Assets: Included in other current assets$— $4,267 $— $4,267 $— $4,267 $— 
Assets: included in other non-current assets— 369 — 369 — 369 — 
Liabilities: Included in other accrued liabilities— — (79)(79)— (79)— 

(1)Other long-term investments as of September 25, 2020 is comprised of one equity method investment which is not carried at fair value of $4.2 million.
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value The following table presents the gross unrealized losses and fair value for those AFS securities that were in an unrealized loss position for less than twelve months as of June 25, 2021 and September 25, 2020 (in thousands):
June 25, 2021September 25, 2020
Less Than 12 MonthsLess Than 12 Months
Investment TypeFair ValueGross Unrealized LossesFair ValueGross Unrealized Losses
Certificate of deposit$1,030 $— $— $— 
U.S. agency securities1,872 (3)— — 
Government bonds7,561 (23)— — 
Corporate bonds20,926 (29)7,076 (10)
Municipal debt securities4,944 (5)2,505 (6)
Total$36,333 $(60)$9,581 $(16)
Available-for-sale Securities The following table summarizes the amortized cost and estimated fair value of the AFS securities within our investment portfolio based on stated maturities as of June 25, 2021 and September 25, 2020, which are recorded within cash equivalents and both short and long-term investments in our condensed consolidated balance sheets (in thousands):
June 25, 2021September 25, 2020
Range of maturityAmortized CostFair ValueAmortized CostFair Value
Due within 1 year$351,385 $351,582 $261,839 $262,085 
Due in 1 to 2 years29,799 30,006 29,328 29,814 
Due in 2 to 5 years18,749 18,713 17,900 18,159 
Total$399,933 $400,301 $309,067 $310,058