XML 65 R48.htm IDEA: XBRL DOCUMENT v3.25.3
Derivative Instruments (Tables)
 12 Months Ended
Sep. 27, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Gross Fair Value of Derivative Positions
The Company’s derivative positions measured at fair value (see Note 16) are summarized in the following tables:
 As of September 27, 2025
 Current
Assets
Investments/Other
Assets
Other
Current
Liabilities		Other Long-
Term
Liabilities
Derivatives designated as hedges
Foreign exchange$233  $376  $(407) $(208) 
Interest rate—  —  (762) —  
Other3  2  —  —  
Derivatives not designated as hedges
Foreign exchange39  168  (49) (262) 
Other—  89  (1) —  
Gross fair value of derivatives275  635  (1,219) (470) 
Counterparty netting(260) (517) 378  399  
Cash collateral paid
—  —  550  10  
Net derivative positions$15  $118  $(291) $(61) 
 As of September 28, 2024
 Current
Assets
Investments/Other
Assets
Other
Current
Liabilities		Other Long-
Term
Liabilities
Derivatives designated as hedges
Foreign exchange$273  $184  $(164) $(149) 
Interest rate—  —  (983) —  
Other—  —  (7) (1) 
Derivatives not designated as hedges
Foreign exchange110  2  (273) (2) 
Other18 94 — — 
Gross fair value of derivatives401  280  (1,427) (152) 
Counterparty netting(330) (182) 396  116  
Cash collateral (received) paid(27) —  679  —  
Net derivative positions$44  $98  $(352) $(36) 
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 BorrowingsFair Value Adjustments Included in Hedged Borrowings
September 27, 2025September 28, 2024September 27, 2025September 28, 2024
Borrowings:
Current$2,954  $1,414  $(44) $(10) 
Long-term7,347  10,128  (680) (913) 
$10,301  $11,542  $(724) $(923) 
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:
 202520242023
Gain (loss) on:
Pay-floating swaps$182  $799  $(14) 
Borrowings hedged with pay-floating swaps(182) (799) 14  
Expense associated with interest accruals on pay-floating swaps
(396) (611) (510) 
Effect of foreign Exchange Cash Flow Hedges on AOCI The following table summarizes the effect of foreign exchange cash flow hedges on AOCI:
202520242023
Gain (loss) recognized in Other Comprehensive Income
$17  $(97) $(136) 
Gain reclassified from AOCI into the Statement of Operations(1)
261  472  446  
(1)Primarily recorded in revenue.