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Comprehensive Income | 9 Months Ended
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Jun. 27, 2020
Equity [Abstract] |
Comprehensive Income | Comprehensive IncomeThe Company’s OCI consists of foreign currency translation adjustments from those subsidiaries not using the U.S. dollar as their functional currency, net deferred gains and losses on certain derivative instruments accounted for as hedges, and unrealized gains and losses on marketable debt securities classified as available-for-sale. The following table shows the pre-tax amounts reclassified from AOCI into the Condensed Consolidated Statements of Operations, and the associated financial statement line items, for the three- and nine-month periods ended June 27, 2020 and June 29, 2019 (in millions):
|  |  |  | Three Months Ended |  |  |  | Nine Months Ended |  |
Comprehensive Income Components |  | Financial Statement Line Items |  | June 27, 2020 |  | June 29, 2019 |  | June 27, 2020 |  | June 29, 2019
Unrealized (gains)/losses on derivative instruments: |  |  |  |  |  |  |  |  |  |
Foreign exchange contracts |  | Total net sales |  | $ | (270) |  |  | $ | (68) |  |  | $ | (333) |  |  | $ | (102) |
|  | Total cost of sales |  | (362) |  |  | 13 |  |  | (521) |  |  | (438) |
|  | Other income/(expense), net |  | (760) |  |  | 3 |  |  | (212) |  |  | 451 |
Interest rate contracts |  | Other income/(expense), net |  | 3 |  |  | 2 |  |  | 6 |  |  | 5 |
|  |  |  | (1,389) |  |  | (50) |  |  | (1,060) |  |  | (84) |
Unrealized (gains)/losses on marketable debt securities |  | Other income/(expense), net |  | (14) |  |  | (28) |  |  | 10 |  |  | 55 |
Total amounts reclassified from AOCI |  |  |  | $ | (1,403) |  |  | $ | (78) |  |  | $ | (1,050) |  |  | $ | (29) |
The following table shows the changes in AOCI by component for the nine months ended June 27, 2020 (in millions):
| Cumulative Foreign Currency Translation |  | Unrealized Gains/Losses on Derivative Instruments |  | Unrealized Gains/Losses on Marketable Debt Securities |  | Total
Balances as of September 28, 2019 | $ | (1,463) |  |  | $ | 172 |  |  | $ | 707 |  |  | $ | (584) |
Other comprehensive income/(loss) before reclassifications | (167) |  |  | 32 |  |  | 1,167 |  |  | 1,032 |
Amounts reclassified from AOCI | — |  |  | (1,060) |  |  | 10 |  |  | (1,050) |
Tax effect | (3) |  |  | 190 |  |  | (271) |  |  | (84) |
Other comprehensive income/(loss) | (170) |  |  | (838) |  |  | 906 |  |  | (102) |
Cumulative effect of change in accounting principle (1) | — |  |  | 136 |  |  | — |  |  | 136 |
Balances as of June 27, 2020 | $ | (1,633) |  |  | $ | (530) |  |  | $ | 1,613 |  |  | $ | (550) |
(1)Refer to Note 1, “Summary of Significant Accounting Policies” for more information on the Company’s adoption of ASU 2017-12 at the beginning of the first quarter of 2020.

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- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -URI http://asc.fasb.org/topic&trid=2134417 + Details
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- References No definition available. + Details
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