XML 31 R20.htm IDEA: XBRL DOCUMENT
v3.21.4

Financial Instruments (Tables) | 3 Months Ended
--- | ---
Dec. 25, 2021
Investments, All Other Investments [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 December 25, 2021 and September 25, 2021 (in millions):
| December 25, 2021
| Adjusted Cost |  | Unrealized Gains |  | Unrealized Losses |  | Fair Value |  | Cash and Cash Equivalents |  | Current Marketable Securities |  | Non-Current Marketable Securities
Cash | $ | 17,992 |  |  | $ | — |  |  | $ | — |  |  | $ | 17,992 |  |  | $ | 17,992 |  |  | $ | — |  |  | $ | — |
Level 1 (1): |  |  |  |  |  |  |  |  |  |  |  |  |
Money market funds | 11,356 |  |  | — |  |  | — |  |  | 11,356 |  |  | 11,356 |  |  | — |  |  | — |
Mutual funds | 215 |  |  | 16 |  |  | (2) |  |  | 229 |  |  | — |  |  | 229 |  |  | — |
Subtotal | 11,571 |  |  | 16 |  |  | (2) |  |  | 11,585 |  |  | 11,356 |  |  | 229 |  |  | — |
Level 2 (2): |  |  |  |  |  |  |  |  |  |  |  |  |
Equity securities | 1,527 |  |  | — |  |  | (850) |  |  | 677 |  |  | — |  |  | 677 |  |  | — |
U.S. Treasury securities | 29,221 |  |  | 64 |  |  | (171) |  |  | 29,114 |  |  | 3,247 |  |  | 5,775 |  |  | 20,092 |
U.S. agency securities | 7,934 |  |  | 1 |  |  | (116) |  |  | 7,819 |  |  | 1,066 |  |  | 1,581 |  |  | 5,172 |
Non-U.S. government securities | 18,983 |  |  | 160 |  |  | (177) |  |  | 18,966 |  |  | 200 |  |  | 3,279 |  |  | 15,487 |
Certificates of deposit and time deposits | 3,648 |  |  | — |  |  | — |  |  | 3,648 |  |  | 2,527 |  |  | 1,121 |  |  | — |
Commercial paper | 2,261 |  |  | — |  |  | — |  |  | 2,261 |  |  | 702 |  |  | 1,559 |  |  | — |
Corporate debt securities | 88,617 |  |  | 718 |  |  | (754) |  |  | 88,581 |  |  | 29 |  |  | 11,665 |  |  | 76,887 |
Municipal securities | 993 |  |  | 10 |  |  | (1) |  |  | 1,002 |  |  | — |  |  | 150 |  |  | 852 |
Mortgage- and asset-backed securities | 21,072 |  |  | 102 |  |  | (223) |  |  | 20,951 |  |  | — |  |  | 758 |  |  | 20,193 |
Subtotal | 174,256 |  |  | 1,055 |  |  | (2,292) |  |  | 173,019 |  |  | 7,771 |  |  | 26,565 |  |  | 138,683 |
Total (3) | $ | 203,819 |  |  | $ | 1,071 |  |  | $ | (2,294) |  |  | $ | 202,596 |  |  | $ | 37,119 |  |  | $ | 26,794 |  |  | $ | 138,683 |
| September 25, 2021
| Adjusted Cost |  | Unrealized Gains |  | Unrealized Losses |  | Fair Value |  | Cash and Cash Equivalents |  | Current Marketable Securities |  | Non-Current Marketable Securities
Cash | $ | 17,305 |  |  | $ | — |  |  | $ | — |  |  | $ | 17,305 |  |  | $ | 17,305 |  |  | $ | — |  |  | $ | — |
Level 1 (1): |  |  |  |  |  |  |  |  |  |  |  |  |
Money market funds | 9,608 |  |  | — |  |  | — |  |  | 9,608 |  |  | 9,608 |  |  | — |  |  | — |
Mutual funds | 175 |  |  | 11 |  |  | (1) |  |  | 185 |  |  | — |  |  | 185 |  |  | — |
Subtotal | 9,783 |  |  | 11 |  |  | (1) |  |  | 9,793 |  |  | 9,608 |  |  | 185 |  |  | — |
Level 2 (2): |  |  |  |  |  |  |  |  |  |  |  |  |
Equity securities | 1,527 |  |  | — |  |  | (564) |  |  | 963 |  |  | — |  |  | 963 |  |  | — |
U.S. Treasury securities | 22,878 |  |  | 102 |  |  | (77) |  |  | 22,903 |  |  | 3,596 |  |  | 6,625 |  |  | 12,682 |
U.S. agency securities | 8,949 |  |  | 2 |  |  | (64) |  |  | 8,887 |  |  | 1,775 |  |  | 1,930 |  |  | 5,182 |
Non-U.S. government securities | 20,201 |  |  | 211 |  |  | (101) |  |  | 20,311 |  |  | 390 |  |  | 3,091 |  |  | 16,830 |
Certificates of deposit and time deposits | 1,300 |  |  | — |  |  | — |  |  | 1,300 |  |  | 490 |  |  | 810 |  |  | — |
Commercial paper | 2,639 |  |  | — |  |  | — |  |  | 2,639 |  |  | 1,776 |  |  | 863 |  |  | — |
Corporate debt securities | 83,883 |  |  | 1,242 |  |  | (267) |  |  | 84,858 |  |  | — |  |  | 12,327 |  |  | 72,531 |
Municipal securities | 967 |  |  | 14 |  |  | — |  |  | 981 |  |  | — |  |  | 130 |  |  | 851 |
Mortgage- and asset-backed securities | 20,529 |  |  | 171 |  |  | (124) |  |  | 20,576 |  |  | — |  |  | 775 |  |  | 19,801 |
Subtotal | 162,873 |  |  | 1,742 |  |  | (1,197) |  |  | 163,418 |  |  | 8,027 |  |  | 27,514 |  |  | 127,877 |
Total (3) | $ | 189,961 |  |  | $ | 1,753 |  |  | $ | (1,198) |  |  | $ | 190,516 |  |  | $ | 34,940 |  |  | $ | 27,699 |  |  | $ | 127,877 |
(1)Level 1 fair value estimates are based on quoted prices in active markets for identical assets or liabilities. (2)Level 2 fair value estimates are based on observable inputs other than quoted prices in active markets for identical assets and liabilities, quoted prices for identical or similar assets or liabilities in inactive markets, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. (3)As of December 25, 2021 and September 25, 2021, total marketable securities included $16.8 billion and $17.9 billion, respectively, that was restricted from general use, related to the European Commission decision finding that Ireland granted state aid to the Company, and other agreements.
Non-Current Marketable Debt Securities by Contractual Maturity | The following table shows the fair value of the Company’s non-current marketable debt securities, by contractual maturity, as of December 25, 2021 (in millions):
Due after 1 year through 5 years | $ | 93,206 |
Due after 5 years through 10 years | 25,183 |
Due after 10 years | 20,294 |
Total fair value | $ | 138,683 |
Notional Amounts of Outstanding Derivative Instruments | The notional amounts of the Company’s outstanding derivative instruments as of December 25, 2021 and September 25, 2021 were as follows (in millions):
| December 25, 2021 |  | September 25, 2021
Derivative instruments designated as accounting hedges: |  |  |
Foreign exchange contracts | $ | 77,009 |  |  | $ | 76,475 |
Interest rate contracts | $ | 16,875 |  |  | $ | 16,875 |
Derivative instruments not designated as accounting hedges: |  |  |
Foreign exchange contracts | $ | 176,268 |  |  | $ | 126,918 |
Carrying Amounts of Hedged Items in Fair Value Hedges | The carrying amounts of the Company’s hedged items in fair value hedges as of December 25, 2021 and September 25, 2021 were as follows (in millions):
| December 25, 2021 |  | September 25, 2021 |  |
Hedged assets/(liabilities): |  |  |  |  |
Current and non-current marketable securities | $ | 15,322 |  |  | $ | 15,954 |  |  |
Current and non-current term debt | $ | (17,444) |  |  | $ | (17,857) |  |  |

X
- References No definition available. + Details
Name: | us-gaap_InvestmentsAllOtherInvestmentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments. + References No definition available. + Details
Name: | us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of cash, cash equivalents, and investments. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCashCashEquivalentsAndShortTermInvestmentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for fair value hedging instruments of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959 + Details
Name: | us-gaap_ScheduleOfFairValueHedgingInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the notional amounts of outstanding derivative positions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5579245-113959 + Details
Name: | us-gaap_ScheduleOfNotionalAmountsOfOutstandingDerivativePositionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration