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Financial Instruments (Tables)
 3 Months Ended
Dec. 28, 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 December 28, 2024 and September 28, 2024 (in millions):
December 28, 2024
Adjusted
Cost		Unrealized
Gains		Unrealized
Losses		Fair
Value		Cash and
Cash
Equivalents		Current
Marketable
Securities
Non-Current
Marketable
Securities
Cash$27,073 $— $— $27,073 $27,073 $— $— 
Level 1:
Money market funds937 — — 937 937 — — 
Mutual funds
597 109 (7)699 — 699 — 
Subtotal1,534 109 (7)1,636 937 699 — 
Level 2 (1):
U.S. Treasury securities15,516 5 (616)14,905 903 2,718 11,284 
U.S. agency securities5,570 — (303)5,267 314 1,683 3,270 
Non-U.S. government securities8,596 22 (819)7,799 50 2,524 5,225 
Certificates of deposit and time deposits1,147 — (13)1,134 874 247 13 
Commercial paper418 — (19)399 101 298 — 
Corporate debt securities61,566 96 (2,210)59,452 47 14,451 44,954 
Municipal securities355 — (7)348 — 189 159 
Mortgage- and asset-backed securities25,313 29 (1,987)23,355 — 667 22,688 
Subtotal118,481 152 (5,974)112,659 2,289 22,777 87,593 
Total (2)(3)
$147,088 $261 $(5,981)$141,368 $30,299 $23,476 $87,593 
September 28, 2024
Adjusted
Cost		Unrealized
Gains		Unrealized
Losses		Fair
Value		Cash and
Cash
Equivalents		Current
Marketable
Securities		Non-Current
Marketable
Securities
Cash$27,199 $— $— $27,199 $27,199 $— $— 
Level 1:
Money market funds778 — — 778 778 — — 
Mutual funds
515 105 (3)617 — 617 — 
Subtotal1,293 105 (3)1,395 778 617 — 
Level 2 (1):
U.S. Treasury securities16,150 45 (516)15,679 212 4,087 11,380 
U.S. agency securities5,431 — (272)5,159 155 703 4,301 
Non-U.S. government securities17,959 93 (484)17,568 1,158 10,810 5,600 
Certificates of deposit and time deposits873 — — 873 387 478 8 
Commercial paper1,066 — — 1,066 28 1,038 — 
Corporate debt securities65,622 270 (1,953)63,939 26 16,027 47,886 
Municipal securities412 — (7)405 — 190 215 
Mortgage- and asset-backed securities24,595 175 (1,403)23,367 — 1,278 22,089 
Subtotal132,108 583 (4,635)128,056 1,966 34,611 91,479 
Total (2)(3)
$160,600 $688 $(4,638)$156,650 $29,943 $35,228 $91,479 
(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 December 28, 2024 and September 28, 2024, cash and cash equivalents included $126 million and $2.6 billion, respectively, held in escrow and restricted from general use. These restricted cash and cash equivalents are designated to settle the Company’s obligation related to the 2016 European Commission (the “Commission”) decision that Ireland granted state aid to the Company (the “State Aid Decision”), which was confirmed during the fourth quarter of 2024 by the European Court of Justice in a reversal of the 2020 judgment of the European General Court.
(3)As of December 28, 2024 and September 28, 2024, current marketable securities included $3.3 billion and $13.2 billion, respectively, held in escrow and restricted from general use. These restricted marketable securities are designated to settle the Company’s obligation related to the State Aid Decision.
Notional Amounts of Outstanding Derivative Instruments
The notional amounts of the Company’s outstanding derivative instruments as of December 28, 2024 and September 28, 2024 were as follows (in millions):
December 28,
2024		September 28,
2024
Derivative instruments designated as accounting hedges:
Foreign exchange contracts$47,466 $64,069 
Interest rate contracts$14,575 $14,575 
Derivative instruments not designated as accounting hedges:
Foreign exchange contracts$96,150 $91,493