XML 34 R23.htm IDEA: XBRL DOCUMENT v3.25.1
Financial Instruments (Tables)
 6 Months Ended
Mar. 29, 2025
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 March 29, 2025 and September 28, 2024 (in millions):
March 29, 2025
Adjusted
Cost		Unrealized
Gains		Unrealized
Losses		Fair
Value		Cash and
Cash
Equivalents		Current
Marketable
Securities
Non-Current
Marketable
Securities
Cash$25,061 $— $— $25,061 $25,061 $— $— 
Level 1:
Money market funds1,132 — — 1,132 1,132 — — 
Mutual funds
612 81 (11)682 — 682 — 
Subtotal1,744 81 (11)1,814 1,132 682 — 
Level 2 (1):
U.S. Treasury securities14,509 24 (445)14,088 124 4,088 9,876 
U.S. agency securities4,889 — (233)4,656 66 2,004 2,586 
Non-U.S. government securities6,351 29 (625)5,755 — 529 5,226 
Certificates of deposit and time deposits1,744 — — 1,744 1,731 — 13 
Commercial paper2 — — 2 — 2 — 
Corporate debt securities55,743 121 (1,672)54,192 48 12,412 41,732 
Municipal securities303 — (5)298 — 170 128 
Mortgage- and asset-backed securities26,742 121 (1,551)25,312 — 449 24,863 
Subtotal110,283 295 (4,531)106,047 1,969 19,654 84,424 
Total
$137,088 $376 $(4,542)$132,922 $28,162 $20,336 $84,424 
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 September 28, 2024, cash and cash equivalents included $2.6 billion held in escrow and restricted from general use. These restricted cash and cash equivalents were 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 September 28, 2024, current marketable securities included $13.2 billion held in escrow and restricted from general use. These restricted marketable securities were 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 March 29, 2025 and September 28, 2024 were as follows (in millions):
March 29,
2025		September 28,
2024
Derivative instruments designated as accounting hedges:
Foreign exchange contracts$68,533 $64,069 
Interest rate contracts$14,575 $14,575 
Derivative instruments not designated as accounting hedges:
Foreign exchange contracts$68,388 $91,493