Derivative Instruments (Tables)

12 Months Ended

Sep. 30, 2023

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 September 30, 2023
	Current Assets		Other Assets		Other Current Liabilities		Other Long- Term Liabilities
Derivatives designated as hedges
Foreign exchange	$	595	$	338	$	(123)	$	(93)
Interest rate	—		—		(1,791)		—
Other	12		6		—		—
Derivatives not designated as hedges(1)
Foreign exchange	384		19		(520)		(79)
Other	—		—		(13)		—
Gross fair value of derivatives	991		363		(2,447)		(172)
Counterparty netting	(770)		(262)		900		132
Cash collateral (received) paid	(123)		(7)		1,257		—
Net derivative positions	$	98	$	94	$	(290)	$	(40)

(1)In fiscal 2023, the Company entered into a licensing and promotional arrangement and received warrants to purchase equity that are accounted for as a derivative asset. The warrants are recorded in investments at their fair market value of $128 million at September 30, 2023.

	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)

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
	September 30, 2023		October 1, 2022		September 30, 2023		October 1, 2022
Borrowings:
Current	$	1,439	$	997	$	(59)	$	(3)
Long-term	10,748		12,358		(1,694)		(1,733)
	$	12,187	$	13,355	$	(1,753)	$	(1,736)

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 Income:

	2023		2022		2021
Gain (loss) on:
Pay-floating swaps	$	(14)	$	(1,635)	$	(603)
Borrowings hedged with pay-floating swaps	14		1,635		603
Benefit (expense) associated with interest accruals on pay-floating swaps	(510)		31		143

Effect of foreign Exchange Cash Flow Hedges on AOCI

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

	2023		2022		2021
Gain (loss) recognized in Other Comprehensive Income	$	(136)	$	1,093	$	61
Gain (loss) reclassified from AOCI into the Statement of Operations(1)	446		116		24

(1)Primarily recorded in revenue.

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 Income:

	Costs and Expenses						Interest expense, net						Income Tax Expense
	2023		2022		2021		2023		2022		2021		2023		2022		2021
Net gains (losses) on foreign currency denominated assets and liabilities	$	(37)	$	(685)	$	(30)	$	(15)	$	82	$	(47)	$	(91)	$	212	$	(7)
Net gains (losses) on foreign exchange risk management contracts not designated as hedges	(159)		547		(83)		10		(82)		47		64		(208)		2
Net gains (losses)	$	(196)	$	(138)	$	(113)	$	(5)	$	—	$	—	$	(27)	$	4	$	(5)