Comprehensive Income (Tables)

9 Months Ended

Jun. 27, 2020

Equity [Abstract]

Pre-tax Amounts Reclassified from AOCI into the Condensed Consolidated Statements of Operations

The following table shows the pre-tax amounts reclassified from AOCI into the Condensed Consolidated Statements of Operations, and the associated financial statement line items, for the three- and nine-month periods ended June 27, 2020 and June 29, 2019 (in millions):

		Three Months Ended				Nine Months Ended
Comprehensive Income Components	Financial Statement Line Items	June 27, 2020		June 29, 2019		June 27, 2020		June 29, 2019
Unrealized (gains)/losses on derivative instruments:
Foreign exchange contracts	Total net sales	$	(270)	$	(68)	$	(333)	$	(102)
	Total cost of sales	(362)		13		(521)		(438)
	Other income/(expense), net	(760)		3		(212)		451
Interest rate contracts	Other income/(expense), net	3		2		6		5
		(1,389)		(50)		(1,060)		(84)
Unrealized (gains)/losses on marketable debt securities	Other income/(expense), net	(14)		(28)		10		55
Total amounts reclassified from AOCI		$	(1,403)	$	(78)	$	(1,050)	$	(29)

Changes in AOCI by Component

The following table shows the changes in AOCI by component for the nine months ended June 27, 2020 (in millions):

	Cumulative Foreign Currency Translation		Unrealized Gains/Losses on Derivative Instruments		Unrealized Gains/Losses on Marketable Debt Securities		Total
Balances as of September 28, 2019	$	(1,463)	$	172	$	707	$	(584)
Other comprehensive income/(loss) before reclassifications	(167)		32		1,167		1,032
Amounts reclassified from AOCI	—		(1,060)		10		(1,050)
Tax effect	(3)		190		(271)		(84)
Other comprehensive income/(loss)	(170)		(838)		906		(102)
Cumulative effect of change in accounting principle (1)	—		136		—		136
Balances as of June 27, 2020	$	(1,633)	$	(530)	$	1,613	$	(550)

(1)Refer to Note 1, “Summary of Significant Accounting Policies” for more information on the Company’s adoption of ASU 2017-12 at the beginning of the first quarter of 2020.