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Investments & Fair Value Measurements (Tables)
 6 Months Ended
Apr. 01, 2022
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):
April 1, 2022
CostUnrealizedEstimated Fair Value
GainsLossesTotalLevel 1Level 2Level 3
Cash and cash equivalents:
Cash$665,624 $— $— $665,624 $665,624 $— $— 
Cash equivalents:
Certificate of deposit2,899 — — 2,899 — 2,899 — 
Commercial paper7,407 — — 7,407 — 7,407 — 
Money market funds207,458 — — 207,458 207,458 — — 
Municipal debt securities7,010 — (1)7,009 — 7,009 — 
Government bonds9,996 — — 9,996 9,996 — — 
Cash and cash equivalents900,394 — (1)900,393 883,078 17,315 — 
Short-term investments:
Certificate of deposit8,685 1 (23)8,663 — 8,663 — 
U.S. agency securities812 1 — 813 — 813 — 
Government bonds46,761 1 (202)46,560 43,904 2,656 — 
Commercial paper20,189 — (36)20,153 — 20,153 — 
Corporate bonds44,824 8 (206)44,626 — 44,626 — 
Municipal debt securities20,919 3 (49)20,873 — 20,873 — 
Short-term investments142,190 14 (516)141,688 43,904 97,784 — 
Long-term investments:
U.S. agency securities1,450 — (43)1,407 — 1,407 — 
Government bonds55,544 — (1,679)53,865 49,897 3,968 — 
Corporate bonds43,704 2 (1,149)42,557 — 42,557 — 
Municipal debt securities18,462 — (377)18,085 — 18,085 — 
Other investments (1)
8,228 — — 8,228 — — — 
Long-term investments127,388 2 (3,248)124,142 49,897 66,017 — 
Total cash, cash equivalents, and investments$1,169,972 $16 $(3,765)$1,166,223 $976,879 $181,116 $— 
Investments held in supplemental retirement plan:
Assets$4,623 $— $— $4,623 $4,623 $— $— 
Included in prepaid expenses and other current assets and other non-current assets
Liabilities$4,623 $— $— $4,623 $4,623 $— $— 
Included in accrued liabilities and other non-current liabilities
Currency derivatives as hedge instruments:
Assets: Included in other current assets$— $486 $— $486 $— $486 $— 
Liabilities: Included in other accrued liabilities— — (324)(324)— (324)— 
(1)Other investments as of April 1, 2022 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 equity method 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 second quarter of fiscal 2022 and year-to-date period ended April 1, 2022. Our share of the investee's net income or loss was not material in the second quarter of fiscal 2021 and was $1.9 million in the year-to-date period ended March 26, 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 and for twelve months or greater as of April 1, 2022 and September 24, 2021 (in thousands):
April 1, 2022September 24, 2021
Less Than 12 Months12 Months Or GreaterLess Than 12 Months
Investment TypeFair ValueGross Unrealized LossesFair ValueGross Unrealized LossesFair ValueGross Unrealized Losses
Certificate of deposit$8,213 $(23)$— $— $600 $— 
U.S. agency securities872 (24)537 (19)1,449 (2)
Government bonds106,409 (1,788)2,743 (93)8,940 (16)
Commercial paper22,139 (36)— — — — 
Corporate bonds80,242 (1,337)548 (18)22,964 (25)
Municipal debt securities39,803 (427)— — 7,031 (9)
Total$257,678 $(3,635)$3,828 $(130)$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 April 1, 2022 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):
April 1, 2022September 24, 2021
Range of maturityAmortized CostFair ValueAmortized CostFair Value
Due within 1 year$374,721 $374,230 $273,884 $274,037 
Due in 1 to 2 years80,967 79,133 40,739 40,874 
Due in 2 to 5 years39,754 38,331 15,506 15,490 
Total$495,442 $491,694 $330,129 $330,401