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Comprehensive Income

6 Months Ended

Mar. 27, 2021

Equity [Abstract]

Comprehensive Income

Comprehensive Income

The 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 six-month periods ended March 27, 2021 and March 28, 2020 (in millions):

												Three Months Ended												Six Months Ended
Comprehensive Income Components						Financial Statement Line Items						March 27, 2021						March 28, 2020						March 27, 2021						March 28, 2020
Unrealized (gains)/losses on derivative instruments:
Foreign exchange contracts						Total net sales						$	314					$	34					$	418					$	(63)
						Total cost of sales						406						12						651						(159)
						Other income/(expense), net						193						771						(435)						548
Interest rate contracts						Other income/(expense), net						2						1						5						3
												915						818						639						329
Unrealized (gains)/losses on marketable debt securities						Other income/(expense), net						(96)						37						(214)						24
Total amounts reclassified from AOCI												$	819					$	855					$	425					$	353

The following table shows the changes in AOCI by component for the six months ended March 27, 2021 (in millions):

			Cumulative Foreign Currency Translation						Unrealized Gains/Losses on Derivative Instruments						Unrealized Gains/Losses on Marketable Debt Securities						Total
Balances as of September 26, 2020			$	(1,375)					$	(877)					$	1,846					$	(406)
Other comprehensive income/(loss) before reclassifications			471						111						(1,067)						(485)
Amounts reclassified from AOCI			—						639						(214)						425
Tax effect			—						(146)						326						180
Other comprehensive income/(loss)			471						604						(955)						120
Balances as of March 27, 2021			$	(904)					$	(273)					$	891					$	(286)

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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

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(21))
-URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(23))
-URI http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(19))
-URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

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- References

No definition available.

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