XML 37 R18.htm IDEA: XBRL DOCUMENT v3.24.0.1
Equity
 3 Months Ended
Dec. 30, 2023
Equity [Abstract]  
Equity Equity
On November 30, 2023, the Board of Directors declared a cash dividend of $0.30 per share ($549 million) with respect to the second half of fiscal 2023, which was paid in January 2024 to shareholders of record as of December 11, 2023.
On February 7, 2024, the Board of Directors declared a cash dividend of $0.45 per share with respect to the first half of fiscal 2024, which will be paid on July 25, 2024 to shareholders of record as of July 8, 2024.
Effective February 7, 2024, the Board of Directors authorized a new share repurchase program for the Company to repurchase a total of 400 million shares of its common stock. The Company plans to target repurchases of $3 billion in fiscal 2024. The repurchase program does not have an expiration date.
The following tables summarize the changes in each component of accumulated other comprehensive income (loss) (AOCI) including our proportional share of equity method investee amounts:
 Market Value Adjustments for HedgesUnrecognized
Pension and 
Postretirement
Medical 
Expense		Foreign
Currency
Translation
and Other		AOCI
AOCI, before tax
First quarter of fiscal 2024
Balance at September 30, 2023$259 $(2,172)$(1,974)$(3,887)
Quarter Ended December 30, 2023:
Unrealized gains (losses) arising during the period(277)(3)137 (143)
Reclassifications of realized net (gains) losses to net income(140)(24)— (164)
Balance at December 30, 2023$(158)$(2,199)$(1,837)$(4,194)
First quarter of fiscal 2023
Balance at October 1, 2022$804 $(3,770)$(2,014)$(4,980)
Quarter Ended December 31, 2022:
Unrealized gains (losses) arising during the period(475)   —    146    (329)   
Reclassifications of realized net (gains) losses to net income(218)1 42 (175)
Balance at December 31, 2022$111 $(3,769)$(1,826)$(5,484)
 Market Value Adjustments for HedgesUnrecognized
Pension and 
Postretirement
Medical 
Expense		Foreign
Currency
Translation
and Other		AOCI
Tax on AOCI
First quarter of fiscal 2024
Balance at September 30, 2023$(64)$517 $142 $595 
Quarter Ended December 30, 2023:
Unrealized gains (losses) arising during the period66 — (7)59 
Reclassifications of realized net (gains) losses to net income32 6 — 38 
Balance at December 30, 2023$34 $523 $135 $692 
First quarter of fiscal 2023
Balance at October 1, 2022$(179)$901 $139 $861 
Quarter Ended December 31, 2022:
Unrealized gains (losses) arising during the period100    —    8    108    
Reclassifications of realized net (gains) losses to net income51 — (14)37 
Balance at December 31, 2022$(28)$901 $133 $1,006 
 Market Value Adjustments for HedgesUnrecognized
Pension and 
Postretirement
Medical 
Expense		Foreign
Currency
Translation
and Other		AOCI
AOCI, after tax
First quarter of fiscal 2024
Balance at September 30, 2023$195 $(1,655)$(1,832)$(3,292)
Quarter Ended December 30, 2023:
Unrealized gains (losses) arising during the period(211)(3)130 (84)
Reclassifications of realized net (gains) losses to net income(108)(18)— (126)
Balance at December 30, 2023$(124)$(1,676)$(1,702)$(3,502)
First quarter of fiscal 2023
Balance at October 1, 2022$625 $(2,869)$(1,875)$(4,119)
Quarter Ended December 31, 2022:
Unrealized gains (losses) arising during the period(375)— 154 (221)
Reclassifications of realized net (gains) losses to net income(167)1 28 (138)
Balance at December 31, 2022$83 $(2,868)$(1,693)$(4,478)
Details about AOCI components reclassified to net income are as follows:
Gain (loss) in net income:Affected line item in the Condensed Consolidated Statements of Operations:Quarter Ended
December 30,
2023		December 31,
2022
Market value adjustments, primarily cash flow hedgesPrimarily revenue$140 $218 
Estimated taxIncome taxes(32)(51)
108 167 
Pension and postretirement medical expenseInterest expense, net24 (1)
Estimated taxIncome taxes(6)  —   
18 (1)
Foreign currency translation and otherRestructuring and impairment charges— (42)
Estimated taxIncome taxes— 14 
— (28)
Total reclassifications for the period$126 $138