Financial Instruments (Tables)

9 Months Ended

Jun. 29, 2024

Financial Instruments [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 June 29, 2024 and September 30, 2023 (in millions):

	June 29, 2024
	Adjusted Cost		Unrealized Gains		Unrealized Losses		Fair Value		Cash and Cash Equivalents		Current Marketable Securities		Non-Current Marketable Securities
Cash	$	22,866	$	—	$	—	$	22,866	$	22,866	$	—	$	—
Level 1:
Money market funds	1,648		—		—		1,648		1,648		—		—
Mutual funds	493		76		(7)		562		—		562		—
Subtotal	2,141		76		(7)		2,210		1,648		562		—
Level 2 (1):
U.S. Treasury securities	16,298		3		(855)		15,446		138		4,649		10,659
U.S. agency securities	5,500		—		(418)		5,082		73		518		4,491
Non-U.S. government securities	17,560		31		(680)		16,911		—		11,592		5,319
Certificates of deposit and time deposits	1,337		—		—		1,337		838		492		7
Commercial paper	1,346		—		—		1,346		2		1,344		—
Corporate debt securities	68,194		83		(3,350)		64,927		—		15,489		49,438
Municipal securities	480		—		(13)		467		—		197		270
Mortgage- and asset-backed securities	24,508		27		(2,086)		22,449		—		1,393		21,056
Subtotal	135,223		144		(7,402)		127,965		1,051		35,674		91,240
Total (2)	$	160,230	$	220	$	(7,409)	$	153,041	$	25,565	$	36,236	$	91,240

	September 30, 2023
	Adjusted Cost		Unrealized Gains		Unrealized Losses		Fair Value		Cash and Cash Equivalents		Current Marketable Securities		Non-Current Marketable Securities
Cash	$	28,359	$	—	$	—	$	28,359	$	28,359	$	—	$	—
Level 1:
Money market funds	481		—		—		481		481		—		—
Mutual funds and equity securities	442		12		(26)		428		—		428		—
Subtotal	923		12		(26)		909		481		428		—
Level 2 (1):
U.S. Treasury securities	19,406		—		(1,292)		18,114		35		5,468		12,611
U.S. agency securities	5,736		—		(600)		5,136		36		271		4,829
Non-U.S. government securities	17,533		6		(1,048)		16,491		—		11,332		5,159
Certificates of deposit and time deposits	1,354		—		—		1,354		1,034		320		—
Commercial paper	608		—		—		608		—		608		—
Corporate debt securities	76,840		6		(5,956)		70,890		20		12,627		58,243
Municipal securities	628		—		(26)		602		—		192		410
Mortgage- and asset-backed securities	22,365		6		(2,735)		19,636		—		344		19,292
Subtotal	144,470		18		(11,657)		132,831		1,125		31,162		100,544
Total (2)	$	173,752	$	30	$	(11,683)	$	162,099	$	29,965	$	31,590	$	100,544

(1)The valuation techniques used to measure the fair values of the Company’s Level 2 financial instruments, which generally have counterparties with high credit ratings, are based on quoted market prices or model-driven valuations using significant inputs derived from or corroborated by observable market data.

(2)As of June 29, 2024 and September 30, 2023, total marketable securities included $14.1 billion and $13.8 billion, respectively, that were restricted from general use, related to the State Aid Decision (refer to Note 6, “Income Taxes”) 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 June 29, 2024 (in millions):

Due after 1 year through 5 years	$	64,209
Due after 5 years through 10 years	8,660
Due after 10 years	18,371
Total fair value	$	91,240

Notional Amounts of Outstanding Derivative Instruments

The notional amounts of the Company’s outstanding derivative instruments as of June 29, 2024 and September 30, 2023 were as follows (in millions):

	June 29, 2024		September 30, 2023
Derivative instruments designated as accounting hedges:
Foreign exchange contracts	$	65,542	$	74,730
Interest rate contracts	$	13,875	$	19,375
Derivative instruments not designated as accounting hedges:
Foreign exchange contracts	$	97,136	$	104,777

Carrying Amounts of Hedged Items in Fair Value Hedges

The carrying amounts of the Company’s hedged items in fair value hedges as of June 29, 2024 and September 30, 2023 were as follows (in millions):

	June 29, 2024		September 30, 2023
Hedged assets/(liabilities):
Current and non-current marketable securities	$	15,007	$	14,433
Current and non-current term debt	$	(13,096)	$	(18,247)