Derivative Instruments (Tables)

12 Months Ended

Oct. 01, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Gross Fair Value of Derivative Positions

The Company’s derivative positions measured at fair value are summarized in the following tables:

	As of October 1, 2022
	Current Assets		Other Assets		Other Current Liabilities		Other Long- Term Liabilities
Derivatives designated as hedges
Foreign exchange	$	864	$	786	$	(228)	$	(350)
Interest rate	—		1		(1,783)		—
Other	10		—		(4)		—
Derivatives not designated as hedges
Foreign exchange	336		247		(374)		(287)
Other	—		—		(27)		—
Gross fair value of derivatives	1,210		1,034		(2,416)		(637)
Counterparty netting	(831)		(715)		1,070		476
Cash collateral (received) paid	(341)		(151)		1,282		96
Net derivative positions	$	38	$	168	$	(64)	$	(65)

	As of October 2, 2021
	Current Assets		Other Assets		Other Current Liabilities		Other Long- Term Liabilities
Derivatives designated as hedges
Foreign exchange	$	165	$	240	$	(122)	$	(83)
Interest rate	—		186		(287)		—
Other	10		—		—		—
Derivatives not designated as hedges
Foreign exchange	183		119		(208)		(205)
Other	(8)		—		—		—
Gross fair value of derivatives	350		545		(617)		(288)
Counterparty netting	(301)		(360)		460		201
Cash collateral (received) paid	(3)		(51)		157		73
Net derivative positions	$	46	$	134	$	—	$	(14)

Carrying Amount and Cumulative Basis Adjustments for Fair Value Hedges Recorded on the Balance Sheet

The following table summarizes fair value hedge adjustments to hedged borrowings:

	Carrying Amount of Hedged Borrowings				Fair Value Adjustments Included in Hedged Borrowings
	October 1, 2022		October 2, 2021		October 1, 2022		October 2, 2021
Borrowings:
Current	$	997	$	505	$	(3)	$	5
Long-term	12,358		15,136		(1,733)		(103)
	$	13,355	$	15,641	$	(1,736)	$	(98)

Adjustments Related to Fair Value Hedges Included in Net Interest Income/(Expense) in Consolidated Statements of Income

The following amounts are included in “Interest expense, net” in the Consolidated Statements of Operations:

	2022		2021		2020
Gain (loss) on:
Pay-floating swaps	$	(1,635)	$	(603)	$	479
Borrowings hedged with pay-floating swaps	1,635		603		(479)
Benefit associated with interest accruals on pay-floating swaps	31		143		28

Effect of foreign Exchange Cash Flow Hedges on AOCI

The following table summarizes the effect of foreign exchange cash flow hedges on AOCI:

	2022		2021		2020
Gain (loss) recognized in Other Comprehensive Income	$	1,093	$	61	$	(63)
Gain (loss) reclassified from AOCI into the Statement of Operations(1)	116		24		269

(1)Primarily recorded in revenue.

Gain (Loss) on Cross Currency Swap Activity Included in Interest Expense

The following amounts are included in “Interest expense, net” in the Consolidated Statements of Operations:

	2022		2021		2020
Gain (loss) on:
Cross currency swaps	$	(84)	$	47	$	53
Borrowings hedged with cross currency swaps	84		(47)		(53)

Net Gains or Losses Recognized in Costs and Expenses on Economic Exposures Associated with Foreign Currency Exchange Rates

The following table summarizes the net foreign exchange gains or losses recognized on foreign currency denominated assets and liabilities and the net foreign exchange gains or losses on the foreign exchange contracts we entered into to mitigate our exposure with respect to foreign currency denominated assets and liabilities by the corresponding line item in which they are recorded in the Consolidated Statements of Operations:

	Costs and Expenses						Interest expense, net						Income Tax Expense
	2022		2021		2020		2022		2021		2020		2022		2021		2020
Net gains (losses) on foreign currency denominated assets and liabilities	$	(685)	$	(30)	$	10	$	82	$	(47)	$	1	$	212	$	(7)	$	(35)
Net gains (losses) on foreign exchange risk management contracts not designated as hedges	547		(83)		(56)		(82)		47		—		(208)		2		33
Net gains (losses)	$	(138)	$	(113)	$	(46)	$	—	$	—	$	1	$	4	$	(5)	$	(2)