Equity (Tables)

9 Months Ended

Jun. 29, 2024

Equity [Abstract]

Changes in Accumulated Other Comprehensive Income (Loss)

The following tables summarize the changes in each component of accumulated other comprehensive income (loss) (AOCI) including our proportional share of equity method investee amounts:

	Market Value Adjustments for Hedges		Unrecognized Pension and  Postretirement Medical  Expense		Foreign Currency Translation and Other		AOCI
AOCI, before tax
Third quarter of fiscal 2024
Balance at March 30, 2024	$	(6)	$	(2,229)	$	(1,944)	$	(4,179)
Quarter Ended June 29, 2024:
Unrealized gains (losses) arising during the period	235		(2)		(22)		211
Reclassifications of realized net (gains) losses to net income	(109)		(24)		—		(133)
Balance at June 29, 2024	$	120	$	(2,255)	$	(1,966)	$	(4,101)
Third quarter of fiscal 2023
Balance at April 1, 2023	$	2	$	(3,697)	$	(1,701)	$	(5,396)
Quarter Ended July 1, 2023:
Unrealized gains (losses) arising during the period	85		—		(44)		41
Reclassifications of realized net (gains) losses to net income	(73)		1		—		(72)
Balance at July 1, 2023	$	14	$	(3,696)	$	(1,745)	$	(5,427)
Nine months ended fiscal 2024
Balance at September 30, 2023	$	259	$	(2,172)	$	(1,974)	$	(3,887)
Nine Months Ended June 29, 2024:
Unrealized gains (losses) arising during the period	202		(11)		8		199
Reclassifications of realized net (gains) losses to net income	(341)		(72)		—		(413)
Balance at June 29, 2024	$	120	$	(2,255)	$	(1,966)	$	(4,101)
Nine months ended fiscal 2023
Balance at October 1, 2022	$	804	$	(3,770)	$	(2,014)	$	(4,980)
Nine Months Ended July 1, 2023:
Unrealized gains (losses) arising during the period	(383)		71		227		(85)
Reclassifications of realized net (gains) losses to net income	(407)		3		42		(362)
Balance at July 1, 2023	$	14	$	(3,696)	$	(1,745)	$	(5,427)

	Market Value Adjustments for Hedges		Unrecognized Pension and  Postretirement Medical  Expense		Foreign Currency Translation and Other		AOCI
Tax on AOCI
Third quarter of fiscal 2024
Balance at March 30, 2024	$	(3)	$	529	$	144	$	670
Quarter Ended June 29, 2024:
Unrealized gains (losses) arising during the period	(54)		—		(1)		(55)
Reclassifications of realized net (gains) losses to net income	26		6		—		32
Balance at June 29, 2024	$	(31)	$	535	$	143	$	647
Third quarter of fiscal 2023
Balance at April 1, 2023	$	(1)	$	885	$	123	$	1,007
Quarter Ended July 1, 2023:
Unrealized gains (losses) arising during the period	(19)		—		9		(10)
Reclassifications of realized net (gains) losses to net income	17		—		—		17
Balance at July 1, 2023	$	(3)	$	885	$	132	$	1,014
Nine months ended fiscal 2024
Balance at September 30, 2023	$	(64)	$	517	$	142	$	595
Nine Months Ended June 29, 2024:
Unrealized gains (losses) arising during the period	(46)		—		1		(45)
Reclassifications of realized net (gains) losses to net income	79		18		—		97
Balance at June 29, 2024	$	(31)	$	535	$	143	$	647
Nine months ended fiscal 2023
Balance at October 1, 2022	$	(179)	$	901	$	139	$	861
Nine Months Ended July 1, 2023:
Unrealized gains (losses) arising during the period	81		(16)		7		72
Reclassifications of realized net (gains) losses to net income	95		—		(14)		81
Balance at July 1, 2023	$	(3)	$	885	$	132	$	1,014

	Market Value Adjustments for Hedges		Unrecognized Pension and  Postretirement Medical  Expense		Foreign Currency Translation and Other		AOCI
AOCI, after tax
Third quarter of fiscal 2024
Balance at March 30, 2024	$	(9)	$	(1,700)	$	(1,800)	$	(3,509)
Quarter Ended June 29, 2024:
Unrealized gains (losses) arising during the period	181		(2)		(23)		156
Reclassifications of realized net (gains) losses to net income	(83)		(18)		—		(101)
Balance at June 29, 2024	$	89	$	(1,720)	$	(1,823)	$	(3,454)
Third quarter of fiscal 2023
Balance at April 1, 2023	$	1	$	(2,812)	$	(1,578)	$	(4,389)
Quarter Ended July 1, 2023:
Unrealized gains (losses) arising during the period	66		—		(35)		31
Reclassifications of realized net (gains) losses to net income	(56)		1		—		(55)
Balance at July 1, 2023	$	11	$	(2,811)	$	(1,613)	$	(4,413)
Nine months ended fiscal 2024
Balance at September 30, 2023	$	195	$	(1,655)	$	(1,832)	$	(3,292)
Nine Months Ended June 29, 2024:
Unrealized gains (losses) arising during the period	156		(11)		9		154
Reclassifications of realized net (gains) losses to net income	(262)		(54)		—		(316)
Balance at June 29, 2024	$	89	$	(1,720)	$	(1,823)	$	(3,454)
Nine months ended fiscal 2023
Balance at October 1, 2022	$	625	$	(2,869)	$	(1,875)	$	(4,119)
Nine Months Ended July 1, 2023:
Unrealized gains (losses) arising during the period	(302)		55		234		(13)
Reclassifications of realized net (gains) losses to net income	(312)		3		28		(281)
Balance at July 1, 2023	$	11	$	(2,811)	$	(1,613)	$	(4,413)

Details about AOCI Components Reclassified to Net Income

Details about AOCI components reclassified to net income are as follows:

Gain (loss) in net income:	Affected line item in the Condensed Consolidated Statements of Operations:	Quarter Ended				Nine Months Ended
		June 29, 2024		July 1, 2023		June 29, 2024		July 1, 2023
Market value adjustments, primarily cash flow hedges	Primarily revenue	$	109	$	73	$	341	$	407
Estimated tax	Income taxes	(26)		(17)		(79)		(95)
		83		56		262		312
Pension and postretirement medical expense	Interest expense, net	24		(1)		72		(3)
Estimated tax	Income taxes	(6)		—		(18)		—
		18		(1)		54		(3)
Foreign currency translation and other	Restructuring and impairment charges	—		—		—		(42)
Estimated tax	Income taxes	—		—		—		14
		—		—		—		(28)
Total reclassifications for the period		$	101	$	55	$	316	$	281