Fair Value of Financial Assets and Liabilities

12 Months Ended

Oct. 03, 2025

Fair Value Disclosures [Abstract]

Fair Value of Financial Assets and Liabilities

Fair Value of Financial Assets and Liabilities

ASC 820 — Fair Value Measurements and Disclosures establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. These tiers include:

•Level 1, defined as observable inputs such as quoted prices in active markets;

•Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and

•Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions.

The following table summarizes the financial assets and liabilities measured at fair value on a recurring basis and the level they fall within the fair value hierarchy (in millions):

			Fair Value
Description	Classification	Fair Value Hierarchy	October 3, 2025		September 27, 2024
Interest rate swaps	Prepaid expenses and other current assets	Level 2	$	3	$	8
Interest rate swaps	Other long-term assets	Level 2	—		1
Interest rate swaps	Other current liabilities	Level 2	(4)		(3)
Interest rate swaps	Other long-term liabilities	Level 2	(2)		(13)