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Investments & Fair Value Measurements (Tables)
 3 Months Ended
Dec. 31, 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):
December 31, 2021
CostUnrealizedEstimated Fair Value
GainsLossesTotalLevel 1Level 2Level 3
Cash and cash equivalents:
Cash$861,252 $— $— $861,252 $861,252 $— $— 
Cash equivalents:
Commercial paper4,498 1 — 4,499 4,499 — — 
Money market funds185,936 — — 185,936 185,936 — — 
Municipal debt securities4,999 — — 4,999 4,999 — — 
Cash and cash equivalents1,056,685 1 — 1,056,686 1,056,686 — — 
Short-term investments:
Certificate of deposit8,783 — (1)8,782 — 8,782 — 
U.S. agency securities1,907 9 — 1,916 — 1,916 — 
Government bonds20,070 8 (7)20,071 20,071 — — 
Commercial paper18,534 4 (2)18,536 — 18,536 — 
Corporate bonds21,259 44 (14)21,289 — 21,289 — 
Municipal debt securities9,987 38 (1)10,024 — 10,024 — 
Short-term investments80,540 103 (25)80,618 20,071 60,547 — 
Long-term investments:
U.S. agency securities1,451 — (11)1,440 — 1,440 — 
Government bonds62,399 16 (138)62,277 55,500 6,777 — 
Corporate bonds37,042 26 (183)36,885 — 36,885 — 
Municipal debt securities8,436 14 (34)8,416 — 8,416 — 
Other investments (1)
11,970 — — 11,970 — — — 
Long-term investments121,298 56 (366)120,988 55,500 53,518 — 
Total cash, cash equivalents, and investments$1,258,523 $160 $(391)$1,258,292 $1,132,257 $114,065 $— 
Investments held in supplemental retirement plan:
Assets$4,881 $— $— $4,881 $4,881 $— $— 
Included in prepaid expenses and other current assets and other non-current assets
Liabilities$4,881 $— $— $4,881 $4,881 $— $— 
Included in accrued liabilities and other non-current liabilities
Currency derivatives as hedge instruments:
Assets: Included in other current assets$— $198 $— $198 $— $198 $— 
Liabilities: Included in other accrued liabilities— — (117)(117)— (117)— 
(1)Other investments as of December 31, 2021 is comprised of an equity method investment and an equity security without a readily determinable fair value measured under the "measurement alternative" (at cost, minus impairment or adjusted for any observable price changes). The equity method investment is measured at cost minus impairment, if any, adjusted for our proportionate share of the investee's net income or loss. Our share of the investee's net income or loss is included in other income (expense), net on the condensed consolidated statements of operations, and was not material in the first quarter of fiscal 2022 and first quarter of fiscal 2021.
September 24, 2021
CostUnrealizedEstimated Fair Value
GainsLossesTotalLevel 1Level 2Level 3
Cash and cash equivalents:
Cash$990,182 $— $— $990,182 $990,182 $— $— 
Cash equivalents:
Money market funds235,198 — — 235,198 235,198 — — 
Cash and cash equivalents1,225,380 — — 1,225,380 1,225,380 — — 
Short-term investments:
Certificate of deposit1,795 — — 1,795 — 1,795 — 
U.S. agency securities1,096 6 — 1,102 — 1,102 — 
Government bonds100 2 — 102 102 — — 
Commercial paper5,184 2 — 5,186 — 5,186 — 
Corporate bonds18,850 116 — 18,966 — 18,966 — 
Municipal debt securities11,660 29 (1)11,688 — 11,688 — 
Short-term investments38,685 155 (1)38,839 102 38,737 — 
Long-term investments:
U.S. agency securities2,264 13 (2)2,275 — 2,275 — 
Government bonds11,784 38 (16)11,806 4,966 6,840 — 
Corporate bonds32,116 61 (25)32,152 — 32,152 — 
Municipal debt securities10,080 58 (8)10,130 — 10,130 — 
Other investments (1)
6,456 — — 6,456 — — — 
Long-term investments62,700 170 (51)62,819 4,966 51,397 — 
Total cash, cash equivalents, and investments$1,326,765 $325 $(52)$1,327,038 $1,230,448 $90,134 $— 
Investments held in supplemental retirement plan:
Assets$4,975 $— $— $4,975 $4,975 $— $— 
Included in prepaid expenses and other current assets and other non-current assets
Liabilities$4,975 $— $— $4,975 $4,975 $— $— 
Included in accrued liabilities and other non-current liabilities
Currency derivatives as hedge instruments:
Assets: Included in other current assets$— $689 $— $689 $— $689 $— 
Liabilities: Included in other accrued liabilities— — (197)(197)— (197)— 
(1)Other investments as of September 24, 2021 is comprised of one equity method investment, which is measured at cost minus impairment, if any, adjusted for our proportionate share of the investee’s net income or loss.
Debt Securities, Available-for-sale, 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 December 31, 2021 and September 24, 2021 (in thousands):
December 31, 2021September 24, 2021
Less Than 12 MonthsLess Than 12 Months
Investment TypeFair ValueGross Unrealized LossesFair ValueGross Unrealized Losses
Certificate of deposit$1,998 $(1)$600 $— 
U.S. agency securities1,440 (11)1,449 (2)
Government bonds70,076 (144)8,940 (16)
Commercial paper2,760 (2)— — 
Corporate bonds43,930 (197)22,964 (25)
Municipal debt securities12,537 (36)7,031 (9)
Total$132,741 $(391)$40,984 $(52)
Debt Securities, Available-for-sale 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 December 31, 2021 and September 24, 2021, which are recorded within cash equivalents and both short and long-term investments in our condensed consolidated balance sheets (in thousands):
December 31, 2021September 24, 2021
Range of maturityAmortized CostFair ValueAmortized CostFair Value
Due within 1 year$275,975 $276,054 $273,884 $274,037 
Due in 1 to 2 years68,016 67,866 40,739 40,874 
Due in 2 to 5 years41,312 41,152 15,506 15,490 
Total$385,303 $385,072 $330,129 $330,401