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Financial Instruments (Tables) | 9 Months Ended
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Jun. 29, 2024
Financial Instruments [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 June 29, 2024 and September 30, 2023 (in millions):
| June 29, 2024
| Adjusted Cost |  | Unrealized Gains |  | Unrealized Losses |  | Fair Value |  | Cash and Cash Equivalents |  | Current Marketable Securities |  | Non-Current Marketable Securities
Cash | $ | 22,866 |  |  | $ | — |  |  | $ | — |  |  | $ | 22,866 |  |  | $ | 22,866 |  |  | $ | — |  |  | $ | — |
Level 1: |  |  |  |  |  |  |  |  |  |  |  |  |
Money market funds | 1,648 |  |  | — |  |  | — |  |  | 1,648 |  |  | 1,648 |  |  | — |  |  | — |
Mutual funds | 493 |  |  | 76 |  |  | (7) |  |  | 562 |  |  | — |  |  | 562 |  |  | — |
Subtotal | 2,141 |  |  | 76 |  |  | (7) |  |  | 2,210 |  |  | 1,648 |  |  | 562 |  |  | — |
Level 2 (1): |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury securities | 16,298 |  |  | 3 |  |  | (855) |  |  | 15,446 |  |  | 138 |  |  | 4,649 |  |  | 10,659 |
U.S. agency securities | 5,500 |  |  | — |  |  | (418) |  |  | 5,082 |  |  | 73 |  |  | 518 |  |  | 4,491 |
Non-U.S. government securities | 17,560 |  |  | 31 |  |  | (680) |  |  | 16,911 |  |  | — |  |  | 11,592 |  |  | 5,319 |
Certificates of deposit and time deposits | 1,337 |  |  | — |  |  | — |  |  | 1,337 |  |  | 838 |  |  | 492 |  |  | 7 |
Commercial paper | 1,346 |  |  | — |  |  | — |  |  | 1,346 |  |  | 2 |  |  | 1,344 |  |  | — |
Corporate debt securities | 68,194 |  |  | 83 |  |  | (3,350) |  |  | 64,927 |  |  | — |  |  | 15,489 |  |  | 49,438 |
Municipal securities | 480 |  |  | — |  |  | (13) |  |  | 467 |  |  | — |  |  | 197 |  |  | 270 |
Mortgage- and asset-backed securities | 24,508 |  |  | 27 |  |  | (2,086) |  |  | 22,449 |  |  | — |  |  | 1,393 |  |  | 21,056 |
Subtotal | 135,223 |  |  | 144 |  |  | (7,402) |  |  | 127,965 |  |  | 1,051 |  |  | 35,674 |  |  | 91,240 |
Total (2) | $ | 160,230 |  |  | $ | 220 |  |  | $ | (7,409) |  |  | $ | 153,041 |  |  | $ | 25,565 |  |  | $ | 36,236 |  |  | $ | 91,240 |
| September 30, 2023
| Adjusted Cost |  | Unrealized Gains |  | Unrealized Losses |  | Fair Value |  | Cash and Cash Equivalents |  | Current Marketable Securities |  | Non-Current Marketable Securities
Cash | $ | 28,359 |  |  | $ | — |  |  | $ | — |  |  | $ | 28,359 |  |  | $ | 28,359 |  |  | $ | — |  |  | $ | — |
Level 1: |  |  |  |  |  |  |  |  |  |  |  |  |
Money market funds | 481 |  |  | — |  |  | — |  |  | 481 |  |  | 481 |  |  | — |  |  | — |
Mutual funds and equity securities | 442 |  |  | 12 |  |  | (26) |  |  | 428 |  |  | — |  |  | 428 |  |  | — |
Subtotal | 923 |  |  | 12 |  |  | (26) |  |  | 909 |  |  | 481 |  |  | 428 |  |  | — |
Level 2 (1): |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury securities | 19,406 |  |  | — |  |  | (1,292) |  |  | 18,114 |  |  | 35 |  |  | 5,468 |  |  | 12,611 |
U.S. agency securities | 5,736 |  |  | — |  |  | (600) |  |  | 5,136 |  |  | 36 |  |  | 271 |  |  | 4,829 |
Non-U.S. government securities | 17,533 |  |  | 6 |  |  | (1,048) |  |  | 16,491 |  |  | — |  |  | 11,332 |  |  | 5,159 |
Certificates of deposit and time deposits | 1,354 |  |  | — |  |  | — |  |  | 1,354 |  |  | 1,034 |  |  | 320 |  |  | — |
Commercial paper | 608 |  |  | — |  |  | — |  |  | 608 |  |  | — |  |  | 608 |  |  | — |
Corporate debt securities | 76,840 |  |  | 6 |  |  | (5,956) |  |  | 70,890 |  |  | 20 |  |  | 12,627 |  |  | 58,243 |
Municipal securities | 628 |  |  | — |  |  | (26) |  |  | 602 |  |  | — |  |  | 192 |  |  | 410 |
Mortgage- and asset-backed securities | 22,365 |  |  | 6 |  |  | (2,735) |  |  | 19,636 |  |  | — |  |  | 344 |  |  | 19,292 |
Subtotal | 144,470 |  |  | 18 |  |  | (11,657) |  |  | 132,831 |  |  | 1,125 |  |  | 31,162 |  |  | 100,544 |
Total (2) | $ | 173,752 |  |  | $ | 30 |  |  | $ | (11,683) |  |  | $ | 162,099 |  |  | $ | 29,965 |  |  | $ | 31,590 |  |  | $ | 100,544 |
(1)The valuation techniques used to measure the fair values of the Company’s Level 2 financial instruments, which generally have counterparties with high credit ratings, are based on quoted market prices or model-driven valuations using significant inputs derived from or corroborated by observable market data. (2)As of June 29, 2024 and September 30, 2023, total marketable securities included $14.1 billion and $13.8 billion, respectively, that were restricted from general use, related to the State Aid Decision (refer to Note 6, “Income Taxes”) 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 June 29, 2024 (in millions):
Due after 1 year through 5 years | $ | 64,209 |
Due after 5 years through 10 years | 8,660 |
Due after 10 years | 18,371 |
Total fair value | $ | 91,240 |
Notional Amounts of Outstanding Derivative Instruments | The notional amounts of the Company’s outstanding derivative instruments as of June 29, 2024 and September 30, 2023 were as follows (in millions):
| June 29, 2024 |  | September 30, 2023
Derivative instruments designated as accounting hedges: |  |  |
Foreign exchange contracts | $ | 65,542 |  |  | $ | 74,730 |
Interest rate contracts | $ | 13,875 |  |  | $ | 19,375 |
Derivative instruments not designated as accounting hedges: |  |  |
Foreign exchange contracts | $ | 97,136 |  |  | $ | 104,777 |
Carrying Amounts of Hedged Items in Fair Value Hedges | The carrying amounts of the Company’s hedged items in fair value hedges as of June 29, 2024 and September 30, 2023 were as follows (in millions):
| June 29, 2024 |  | September 30, 2023
Hedged assets/(liabilities): |  |  |
Current and non-current marketable securities | $ | 15,007 |  |  | $ | 14,433 |
Current and non-current term debt | $ | (13,096) |  |  | $ | (18,247) |

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