XML 40 R28.htm IDEA: XBRL DOCUMENT v3.23.3
Fair Value (Tables)
12 Months Ended
Sep. 29, 2023
Fair Value Disclosures [Abstract]  
Fair Value, Assets Measured on Recurring Basis
As of September 29, 2023As of September 30, 2022
Fair Value MeasurementsFair Value Measurements
Total
Level 1
Level 2
Level 3
Total
Level 1
Level 2
Level 3
Assets
Cash and cash equivalents (1)$718.8 $718.5 $0.3 $— $566.0 $565.7 $0.3 $— 
U.S. Treasury and government securities 19.2 — 19.2 — 13.6 3.6 10.0 — 
Corporate bonds and notes— — — — 0.2 — 0.2 — 
Municipal bonds0.5 — 0.5 — 7.0 — 7.0 — 
Total assets at fair value$738.5 $718.5 $20.0 $— $586.8 $569.3 $17.5 $— 
(1) Cash equivalents included in Levels 1 and 2 consist of money market funds and corporate bonds and notes, US Treasury and government securities, and agency securities purchased with less than ninety days until maturity.
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments
The carrying amount and estimated fair value of debt under Senior Notes consists of the following (in millions):
As of
September 29,
2023
September 30,
2022
Carrying AmountEstimated Fair ValueCarrying AmountEstimated Fair Value
0.90% Senior Notes due 2023$— $— $499.2 $488.5 
1.80% Senior Notes due 2026497.7 444.5 496.8431.2 
3.00% Senior Notes due 2031495.2 390.4 494.5377.6 
Total debt under Senior Notes$992.9 $834.9 $1,490.5 $1,297.3