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Financial Instruments (Tables)
 3 Months Ended
Dec. 25, 2021
Investments, All Other Investments [Abstract]  
Cash, Cash Equivalents and Marketable Securities by Significant Investment Category
The following tables show the Company’s cash, cash equivalents and marketable securities by significant investment category as of December 25, 2021 and September 25, 2021 (in millions):
December 25, 2021
Adjusted
Cost		Unrealized
Gains		Unrealized
Losses		Fair
Value		Cash and
Cash
Equivalents		Current
Marketable
Securities
Non-Current
Marketable
Securities
Cash$17,992 $— $— $17,992 $17,992 $— $— 
Level 1 (1):
Money market funds11,356 — — 11,356 11,356 — — 
Mutual funds215 16 (2)229 — 229 — 
Subtotal11,571 16 (2)11,585 11,356 229 — 
Level 2 (2):
Equity securities1,527 — (850)677 — 677 — 
U.S. Treasury securities29,221 64 (171)29,114 3,247 5,775 20,092 
U.S. agency securities7,934 1 (116)7,819 1,066 1,581 5,172 
Non-U.S. government securities18,983 160 (177)18,966 200 3,279 15,487 
Certificates of deposit and time deposits
3,648 — — 3,648 2,527 1,121 — 
Commercial paper2,261 — — 2,261 702 1,559 — 
Corporate debt securities88,617 718 (754)88,581 29 11,665 76,887 
Municipal securities993 10 (1)1,002 — 150 852 
Mortgage- and asset-backed securities
21,072 102 (223)20,951 — 758 20,193 
Subtotal174,256 1,055 (2,292)173,019 7,771 26,565 138,683 
Total (3)
$203,819 $1,071 $(2,294)$202,596 $37,119 $26,794 $138,683 
September 25, 2021
Adjusted
Cost		Unrealized
Gains		Unrealized
Losses		Fair
Value		Cash and
Cash
Equivalents		Current
Marketable
Securities		Non-Current
Marketable
Securities
Cash$17,305 $— $— $17,305 $17,305 $— $— 
Level 1 (1):
Money market funds9,608 — — 9,608 9,608 — — 
Mutual funds175 11 (1)185 — 185 — 
Subtotal9,783 11 (1)9,793 9,608 185 — 
Level 2 (2):
Equity securities1,527 — (564)963 — 963 — 
U.S. Treasury securities22,878 102 (77)22,903 3,596 6,625 12,682 
U.S. agency securities8,949 2 (64)8,887 1,775 1,930 5,182 
Non-U.S. government securities20,201 211 (101)20,311 390 3,091 16,830 
Certificates of deposit and time deposits
1,300 — — 1,300 490 810 — 
Commercial paper2,639 — — 2,639 1,776 863 — 
Corporate debt securities83,883 1,242 (267)84,858 — 12,327 72,531 
Municipal securities967 14 — 981 — 130 851 
Mortgage- and asset-backed securities
20,529 171 (124)20,576 — 775 19,801 
Subtotal162,873 1,742 (1,197)163,418 8,027 27,514 127,877 
Total (3)
$189,961 $1,753 $(1,198)$190,516 $34,940 $27,699 $127,877 
(1)Level 1 fair value estimates are based on quoted prices in active markets for identical assets or liabilities.
(2)Level 2 fair value estimates are based on observable inputs other than quoted prices in active markets for identical assets and liabilities, quoted prices for identical or similar assets or liabilities in inactive markets, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.
(3)As of December 25, 2021 and September 25, 2021, total marketable securities included $16.8 billion and $17.9 billion, respectively, that was restricted from general use, related to the European Commission decision finding that Ireland granted state aid to the Company, and other agreements.
Non-Current Marketable Debt Securities by Contractual Maturity
The following table shows the fair value of the Company’s non-current marketable debt securities, by contractual maturity, as of December 25, 2021 (in millions):
Due after 1 year through 5 years$93,206 
Due after 5 years through 10 years25,183 
Due after 10 years20,294 
Total fair value$138,683 
Notional Amounts of Outstanding Derivative Instruments
The notional amounts of the Company’s outstanding derivative instruments as of December 25, 2021 and September 25, 2021 were as follows (in millions):
December 25, 2021September 25, 2021
Derivative instruments designated as accounting hedges:
Foreign exchange contracts$77,009 $76,475 
Interest rate contracts$16,875 $16,875 
Derivative instruments not designated as accounting hedges:
Foreign exchange contracts$176,268 $126,918 
Carrying Amounts of Hedged Items in Fair Value Hedges
The carrying amounts of the Company’s hedged items in fair value hedges as of December 25, 2021 and September 25, 2021 were as follows (in millions):
December 25, 2021September 25, 2021
Hedged assets/(liabilities):
Current and non-current marketable securities$15,322 $15,954 
Current and non-current term debt$(17,444)$(17,857)