Fair Value Measurements (Tables)

12 Months Ended

Sep. 27, 2026

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Abstract]

Fair value hierarchy for assets and liabilities measured at fair value on a recurring basis

The following table presents our fair value hierarchy for assets and liabilities measured at fair value on a recurring basis at September 27, 2026 (in millions):

	Level 1		Level 2		Total
Assets:
Cash equivalents	$	1,250	$	515	$	1,765
Marketable securities:
Corporate bonds and notes	$	—	$	1,936	$	1,936
Mortgage- and asset-backed securities	—		381		381
U.S. Treasury securities and government-related securities	7		42		49
Equity securities (1)	679		—		679
Total marketable securities	686		2,359		3,045
Derivative instruments	—		39		39
Deferred compensation plan assets	1,341		—		1,341
Total assets measured at fair value	$	3,277	$	2,913	$	6,190
Liabilities:
Derivative instruments	$	—	$	408	$	408
Deferred compensation plan liabilities	1,337		—		1,337
Total liabilities measured at fair value	$	1,337	$	408	$	1,745

(1) Primarily consists of equity securities in certain QSI investees that have completed initial public offerings, which remain subject to short-term lock-up restrictions on the ability to sell.

Investments Classified by Contractual Maturity Date

The contractual maturities of available-for-sale debt securities were as follows (in millions):

	September 27, 2026
Years to Maturity:
Less than one year	$	648
One to five years	1,337
No single maturity date	381
Total	$	2,366