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Equity-Based Compensation (Tables)
 12 Months Ended
Sep. 27, 2025
Share-Based Payment Arrangement [Abstract]  
Weighted Average Assumptions used in Option-Valuation Model
The weighted average assumptions used in the option-valuation model were as follows:
202520242023
Risk-free interest rate4.6%4.0%3.6%
Expected volatility28%27%31%
Dividend yield0.97%0.66%—%
Termination rate6.1%6.1%5.9%
Exercise multiple2.12 2.12 1.98 
Impact of Stock Options and Restricted Stock Units on Income
Compensation expense related to stock options and RSUs is as follows:
202520242023
Stock options
$70  $71  $76  
RSUs1,293  1,295  1,067  
Total equity-based compensation expense(1)
1,363  1,366  1,143  
Tax impact(275) (285) (260) 
Reduction in net income$1,088  $1,081  $883  
Equity-based compensation expense capitalized during the period$194  $201  $145  
(1)Equity-based compensation expense is net of capitalized equity-based compensation and estimated forfeitures and excludes amortization of previously capitalized equity-based compensation costs.
Information about Stock Option Transactions
The following table summarizes information about stock option transactions in fiscal 2025 (shares in millions):
 SharesWeighted
Average
Exercise Price
Outstanding at beginning of year19    $118.37
Awards granted2    108.30
Awards exercised(2)   98.74
Awards expired/canceled(1)   135.21
Outstanding at end of year18    $119.08
Exercisable at end of year14    $124.16
Information about Stock Options Vested and Expected to Vest
The following tables summarize information about stock options vested and expected to vest at September 27, 2025 (shares in millions):
Vested
Range of Exercise PricesNumber of
Options		Weighted Average
Exercise Price		Weighted Average
Remaining Years of 
Contractual Life
$80 —$110 4$97.415.7
$111 —$140 5112.052.4
$141 —$170 4148.704.9
$171 —$200 1177.435.4
14
Expected to Vest
Range of Exercise Prices
Number of
Options(1)
Weighted Average
Exercise Price		Weighted Average
Remaining Years of 
Contractual Life
$50 —$100 2$91.928.1
$101 —$150 2109.509.3
4
(1)Number of options expected to vest is total unvested options less estimated forfeitures.
Information about Restricted Stock Unit Transactions
The following table summarizes information about RSU transactions in fiscal 2025 (shares in millions):
 
Units
Weighted Average
Grant-Date Fair Value
Unvested at beginning of year26$109.25
Granted(1)
16108.55
Vested(15) 100.58
Forfeited(2) 96.77
Unvested at end of year(2)
25$100.94
(1)Includes 0.4 million Performance RSUs.
(2)Includes 1.0 million Performance RSUs.