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Pension and Other Benefit Programs (Tables)
 12 Months Ended
Sep. 27, 2025
Retirement Benefits [Abstract]  
Benefit Obligations, Assets, Funded Status and Balance Sheet Impacts Associated with Pension and Postretirement Medical Benefit Plans based upon Actuarial Valuations
The following chart summarizes the benefit obligations, assets, funded status and balance sheet impacts associated with the defined benefit pension and postretirement medical benefit plans:
 Pension PlansPostretirement Medical Plans
 September 27,
2025		September 28,
2024		September 27,
2025		September 28,
2024
Projected benefit obligations
Beginning obligations$(16,734) $(14,690) $(968) $(961) 
Service cost(264) (248) (1) (1) 
Interest cost(783) (834) (45) (55) 
Actuarial gain (loss)(1)
716  (1,667) 30  6  
Benefits paid716  661  56  56  
Other
19  44  (9) (13) 
Ending obligations$(16,330) $(16,734) $(937) $(968) 
Fair value of plans’ assets
Beginning fair value$17,557  $15,442  $892  $781  
Actual return on plan assets699  2,789  36  143  
Contributions71  69  27  26  
Benefits paid(716) (661) (56) (56) 
Expenses and other(67) (82) (2) (2) 
Ending fair value$17,544  $17,557  $897  $892  
Overfunded (Underfunded) status of the plans$1,214  $823  $(40) $(76) 
Amounts recognized in the balance sheet
Non-current assets$2,565  $2,192  $324  $303  
Current liabilities(79) (77) (1) (1) 
Non-current liabilities(1,272) (1,292) (363) (378) 
$1,214  $823  $(40) $(76) 
(1)Primarily reflects updates to the discount rate used to determine the fiscal year-end benefit obligation from the rate that was used in the preceding fiscal year.
Net Periodic Benefit Cost
The components of net periodic benefit cost (benefit) are as follows:
 Pension PlansPostretirement Medical Plans
 202520242023202520242023
Service cost$264  $248  $282  $1  $1  $5  
Other costs (benefits):
Interest cost783  834  784  45  55  81  
Expected return on plan assets(1,161) (1,138) (1,149) (59) (58) (61) 
Amortization of prior-year service costs (credits)(1)
3  8  8  (90) (90) —  
Recognized net actuarial loss/(gain)
247  21  19  (29) (36) (22) 
Total other costs (benefit)
(128) (275) (338) (133) (129) (2) 
Net periodic benefit cost (benefit)
$136  $(27) $(56) $(132) $(128) $3  
(1)The amortization of prior-year service credits is related to a change in postretirement medical benefit options.
Key Assumptions
Key assumptions are as follows:
 Pension PlansPostretirement Medical Plans
 202520242023202520242023
Discount rate used to determine the fiscal year‑end benefit obligation5.46%5.06%5.94%5.36%5.00%5.94%
Discount rate used to determine the interest cost component of net periodic benefit cost4.81%5.86%5.37%4.73%5.84%5.38%
Rate used to determine the expected return on plan assets component of net period benefit cost
7.25%7.00%7.00%7.25%7.00%7.00%
Weighted average rate of compensation increase to determine the fiscal year‑end benefit obligation2.70%2.70%3.10%n/an/an/a
Year 1 increase in cost of benefitsn/an/an/a7.50%7.00%7.00%
Rate of increase to which the cost of benefits is assumed to decline (the ultimate trend rate)n/an/an/a4.00%4.00%4.00%
Year that the rate reaches the ultimate trend raten/an/an/a2044 2043 2042
Accumulated Other Comprehensive Loss, Before Tax, Not yet Recognized in Net Periodic Benefit Cost
AOCI, before tax, as of September 27, 2025 consists of the following amounts that have not yet been recognized in net periodic benefit cost:
Pension PlansPostretirement
Medical Plans		Total
Prior service costs (benefits)
$14  $(376) $(362) 
Net actuarial loss (gain)
2,494  (167) 2,327  
Total amounts included in AOCI$2,508  $(543) $1,965  
Plan Assets Investment Policy Ranges for Major Asset Classes The investment policy ranges for the major asset classes are as follows:
Asset ClassMinimumMaximum
Equity investments10%40%
Fixed income investments40%60%
Alternative investments10%30%
Cash & money market funds—%10%
Defined Benefit Plan Assets Measured at Fair Value
The Company’s defined benefit plan assets are summarized by level in the following tables:
As of September 27, 2025
DescriptionLevel 1Level 2Total
Investment Mix
Cash$34  $—  $34  —  %
Common and preferred stocks(1)
2,737  —  2,737  15  %
Mutual funds979  —  979  5  %
Government and federal agency bonds, notes and MBS
3,767  2,576  6,343  33  %
Corporate bonds
—  2,705  2,705  14  %
Other mortgage- and asset-backed securities—  139  139  1  %
Derivatives and other, net
15  2  17  —  %
Total investments in the fair value hierarchy $7,532  $5,422  12,954  
Assets valued at NAV as a practical expedient:
Common collective funds
1,202  6  %
Alternative investments4,431  23  %
Money market funds
545  3  %
Investments at fair value
19,132  100  %
Other(2)
(691) 
Total plan assets at fair value
$18,441  
As of September 28, 2024
DescriptionLevel 1Level 2Total
Investment Mix
Cash$19  $—  $19  —  %
Common and preferred stocks(1)
3,377  —  3,377  18  %
Mutual funds701  —  701  4  %
Government and federal agency bonds, notes and MBS
2,744  1,845  4,589  24  %
Corporate bonds
—  2,111  2,111  11  %
Other mortgage- and asset-backed securities—  166  166  1  %
Derivatives and other, net
10  1  11  —  %
Total investments in the fair value hierarchy $6,851  $4,123  10,974  
Assets valued at NAV as a practical expedient:
Common collective funds
2,380  13  %
Alternative investments4,350  23  %
Money market funds
1,037  6  %
Investments at fair value
18,741  100  %
Other(2)
(292) 
Total plan assets at fair value
$18,449  
(1)Includes 2.9 million shares of Company common stock valued at $327 million and 2.9 million shares valued at $278 million at September 27, 2025 and September 28, 2024, respectively.
(2)Represents net unsettled transactions, relating primarily to purchases and sales of plan assets.
Estimated Future Benefit Payments
The following table presents estimated future benefit payments for the next ten fiscal years:
Pension
Plans
Postretirement
Medical Plans(1)
2026$829$54
202783857
202888459
202992962
203097564
2031 – 20355,445343
(1)Estimated future benefit payments are net of expected Medicare subsidy receipts of $34 million.
Long Term Rates of Return by Asset Class The following long-term rates of return by asset class were considered in setting the long-term rate of return on plan assets assumption:
Equity Securities6%to10%
Debt Securities3%to7%
Alternative Investments6%to11%
One Percentage Point (ppt) Change on Projected Benefit Obligations A one percentage point change in the discount rate and expected long-term rate of return on plan assets would have the following effects as of September 27, 2025 and for fiscal 2026:
 Discount RateExpected Long-Term
Rate of Return On Assets
Increase (decrease)Benefit
Expense		Projected Benefit ObligationsBenefit
Expense
1 percentage point decrease$115  $2,140  $177  
1 percentage point increase(48) (1,898) (177) 
Contribution into Multiemployer Pension Plans and Health and Welfare Plans
The following table sets forth our contributions to multiemployer pension and health and welfare benefit plans:
202520242023
Pension plans$314$291$316
Health & welfare plans276300299
Total contributions$590$591$615