XML 31 R11.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Fair Value Measurements | 12 Months Ended
--- | ---
Sep. 30, 2018
Fair Value Disclosures [Abstract] |
Fair Value Measurements | Fair Value Measurements Assets and Liabilities Measured at Fair Value on a Recurring Basis (in millions):
|  |  | Fair Value Measurements at Reporting Date Using
| Balance at September 30, 2018 |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3)
Assets: |  |  |  |  |  |  |
Cash and cash equivalents | $ | 8,756.3 |  |  | $ | 8,756.3 |  |  | $ | — |  |  | $ | — |
Short-term investments: |  |  |  |  |  |  |
Available-for-sale securities |  |  |  |  |  |  |
Commercial paper | 8.4 |  |  | — |  |  | 8.4 |  |  | — |
Corporate debt securities | 91.8 |  |  | — |  |  | 91.8 |  |  | — |
Mortgage and other asset-backed securities | 6.0 |  |  | — |  |  | 6.0 |  |  | — |
Total available-for-sale securities | 106.2 |  |  | — |  |  | 106.2 |  |  | — |
Trading securities | 75.3 |  |  | 75.3 |  |  | — |  |  | — |
Total short-term investments | 181.5 |  |  | 75.3 |  |  | 106.2 |  |  | — |
Prepaid expenses and other current assets: |  |  |  |  |  |  |
Derivative assets | 24.5 |  |  | 1.2 |  |  | 23.3 |  |  | — |
Long-term investments: |  |  |  |  |  |  |
Available-for-sale securities |  |  |  |  |  |  |
Agency obligations | 5.9 |  |  | — |  |  | 5.9 |  |  | — |
Corporate debt securities | 114.5 |  |  | — |  |  | 114.5 |  |  | — |
Auction rate securities | 5.9 |  |  | — |  |  | — |  |  | 5.9 |
Foreign government obligations | 3.6 |  |  | — |  |  | 3.6 |  |  | — |
U.S. government treasury securities | 108.1 |  |  | 108.1 |  |  | — |  |  | — |
State and local government obligations | 4.8 |  |  | — |  |  | 4.8 |  |  | — |
Mortgage and other asset-backed securities | 24.9 |  |  | — |  |  | 24.9 |  |  | — |
Total long-term investments | 267.7 |  |  | 108.1 |  |  | 153.7 |  |  | 5.9 |
Other long-term assets: |  |  |  |  |  |  |
Derivative assets | 10.4 |  |  | — |  |  | 10.4 |  |  | — |
Total assets | $ | 9,240.4 |  |  | $ | 8,940.9 |  |  | $ | 293.6 |  |  | $ | 5.9 |
Liabilities: |  |  |  |  |  |  |
Accrued liabilities: |  |  |  |  |  |  |
Derivative liabilities | $ | 6.5 |  |  | $ | 0.4 |  |  | $ | 6.1 |  |  | $ | — |
Other long-term liabilities: |  |  |  |  |  |  |
Derivative liabilities | 43.5 |  |  | — |  |  | 43.5 |  |  | — |
Total liabilities | $ | 50.0 |  |  | $ | 0.4 |  |  | $ | 49.6 |  |  | $ | — |
|  |  | Fair Value Measurements at Reporting Date Using
| Balance at Oct 1, 2017 |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3)
Assets: |  |  |  |  |  |  |
Cash and cash equivalents | $ | 2,462.3 |  |  | $ | 2,462.3 |  |  | $ | — |  |  | $ | — |
Short-term investments: |  |  |  |  |  |  |
Available-for-sale securities |  |  |  |  |  |  |
Agency obligations | 7.5 |  |  | — |  |  | 7.5 |  |  | — |
Commercial paper | 2.0 |  |  | — |  |  | 2.0 |  |  | — |
Corporate debt securities | 49.4 |  |  | — |  |  | 49.4 |  |  | — |
Foreign government obligations | 7.1 |  |  | — |  |  | 7.1 |  |  | — |
U.S. government treasury securities | 81.4 |  |  | 81.4 |  |  | — |  |  | — |
State and local government obligations | 2.0 |  |  | — |  |  | 2.0 |  |  | — |
Certificates of deposit | 2.3 |  |  | — |  |  | 2.3 |  |  | — |
Total available-for-sale securities | 151.7 |  |  | 81.4 |  |  | 70.3 |  |  | — |
Trading securities | 76.9 |  |  | 76.9 |  |  | — |  |  | — |
Total short-term investments | 228.6 |  |  | 158.3 |  |  | 70.3 |  |  | — |
Prepaid expenses and other current assets: |  |  |  |  |  |  |
Derivative assets | 13.4 |  |  | 0.1 |  |  | 13.3 |  |  | — |
Long-term investments: |  |  |  |  |  |  |
Available-for-sale securities |  |  |  |  |  |  |
Agency obligations | 21.8 |  |  | — |  |  | 21.8 |  |  | — |
Corporate debt securities | 207.4 |  |  | — |  |  | 207.4 |  |  | — |
Auction rate securities | 5.9 |  |  | — |  |  | — |  |  | 5.9 |
Foreign government obligations | 17.1 |  |  | — |  |  | 17.1 |  |  | — |
U.S. government treasury securities | 127.4 |  |  | 127.4 |  |  | — |  |  | — |
State and local government obligations | 7.0 |  |  | — |  |  | 7.0 |  |  | — |
Mortgage and other asset-backed securities | 155.7 |  |  | — |  |  | 155.7 |  |  | — |
Total long-term investments | 542.3 |  |  | 127.4 |  |  | 409.0 |  |  | 5.9 |
Other long-term assets: |  |  |  |  |  |  |
Derivative assets | 24.4 |  |  | — |  |  | 24.4 |  |  | — |
Total assets | $ | 3,271.0 |  |  | $ | 2,748.1 |  |  | $ | 517.0 |  |  | $ | 5.9 |
Liabilities: |  |  |  |  |  |  |
Accrued liabilities: |  |  |  |  |  |  |
Derivative liabilities | $ | 16.4 |  |  | $ | 2.5 |  |  | $ | 13.9 |  |  | $ | — |
Other long-term liabilities: |  |  |  |  |  |  |
Derivative liabilities | 22.1 |  |  | — |  |  | 22.1 |  |  | — |
Total | $ | 38.5 |  |  | $ | 2.5 |  |  | $ | 36.0 |  |  | $ | — |
There were no material transfers between levels and there was no significant activity within Level 3 instruments during the periods presented. The fair values of any financial instruments presented above exclude the impact of netting assets and liabilities when a legally enforceable master netting agreement exists. Available-for-sale Securities Long-term investments generally mature within 4 years. Proceeds from sales of available-for-sale securities were $459.0 million, $999.7 million, and $680.7 million for fiscal years 2018, 2017 and 2016, respectively. Realized gains and losses on sales and maturities of available-for-sale securities were not material for fiscal years 2018, 2017, and 2016. Gross unrealized holding gains and losses on available-for-sale securities were not material as of September 30, 2018 and October 1, 2017. Trading Securities Trading securities include equity mutual funds and exchange-traded funds. Our trading securities portfolio approximates a portion of our liability under our MDCP, a defined contribution plan. Our MDCP liability was $102.2 million and $105.9 million as of September 30, 2018 and October 1, 2017, respectively. The changes in net unrealized holding gains and losses in the trading securities portfolio included in earnings for fiscal years 2018, 2017 and 2016 were not material. Gross unrealized holding gains and losses on trading securities were not material as of September 30, 2018 and October 1, 2017. Derivative Assets and Liabilities Derivative assets and liabilities include foreign currency forward contracts, commodity futures contracts, collars and swaps, which are described further in Note 3, Derivative Financial Instruments. Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis Assets and liabilities recognized or disclosed at fair value on a nonrecurring basis include items such as property, plant and equipment, goodwill and other intangible assets, equity and cost method investments, and other assets. These assets are measured at fair value if determined to be impaired. Impairment of property, plant, and equipment is included at Note 1, Summary of Significant Accounting Policies. Other than the impairments discussed in Note 8, Other Intangible Assets and Goodwill, and the aforementioned fair value adjustments, there were no other material fair value adjustments during fiscal 2018 and 2017. Fair Value of Other Financial Instruments The estimated fair value of our long-term debt based on the quoted market price (Level 2) is included at Note 9, Debt.

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

X
- Definition The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -URI http://asc.fasb.org/topic&trid=2155941 + Details
Name: | us-gaap_FairValueDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration