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Financial Instruments (Tables) | 3 Months Ended
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Dec. 25, 2020
Net investment hedges |
Schedule of impacts of hedging program | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | For the | ​
​ | ​ | ​ | Quarters Ended | ​
​ | ​ | December 25, | ​ | December 27, | ​
​ |  | 2020 |  | 2019 |
​ | ​ | (in millions) | ​
Foreign currency exchange losses on intercompany loans and external borrowings(1) | ​ | $ | (168) | ​ | $ | (65) | ​
Losses on cross-currency swap contracts designated as hedges of net investment(1) | ​ |  | (85) | ​ |  | (33) | ​
(1) | Recorded as currency translation, a component of accumulated other comprehensive income (loss).
Cross-currency swap contracts | Cash flow hedges |
Summary of fair value of derivative instruments | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 25, | ​ | September 25, | ​
​ |  | 2020 |  | 2020 |
​ | ​ | (in millions) | ​
Other assets | ​ | $ | — | ​ | $ | 1 | ​
Other liabilities | ​ |  | 52 | ​ |  | 9 | ​
Schedule of impacts of hedging program | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the | ​
​ | ​ | Quarters Ended | ​
​ | ​ | December 25, | ​ | December 27, | ​
​ |  | 2020 |  | 2019 |
​ | ​ | (in millions) | ​
Gains (losses) recorded in other comprehensive income (loss) | ​ | $ | (4) | ​ | $ | 4 | ​
Losses excluded from the hedging relationship(1) | ​ |  | (40) | ​ |  | (22) | ​
(1) | Gains and losses excluded from the hedging relationship are recognized prospectively in selling, general, and administrative expenses and are offset by losses and gains generated as a result of re-measuring certain intercompany loans to the U.S. dollar.
Cross-currency swap contracts | Net investment hedges |
Summary of fair value of derivative instruments | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 25, | ​ | September 25, | ​
​ |  | 2020 |  | 2020 |
​ | ​ | (in millions) | ​
Prepaid expenses and other current assets | ​ | $ | — | ​ | $ | 1 | ​
Other assets | ​ |  | — | ​ |  | 3 | ​
Accrued and other current liabilities | ​ | ​ | 42 | ​ | ​ | 6 | ​
Other liabilities | ​ | ​ | 56 | ​ | ​ | 16 | ​
Forward starting interest rate swap contracts | Cash flow hedges |
Summary of fair value of derivative instruments | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 25, | ​ | September 25, | ​
​ |  | 2020 |  | 2020 |
​ | ​ | (in millions) | ​
Other assets | ​ | $ | 3 | ​ | $ | — | ​
Other liabilities | ​ | ​ | 54 | ​ | ​ | 64 | ​
Schedule of impacts of hedging program | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the | ​
​ | ​ | Quarters Ended | ​
​ | ​ | December 25, | ​ | December 27, | ​
​ |  | 2020 |  | 2019 |
​ | ​ | (in millions) | ​
Gains recorded in other comprehensive income (loss) | ​ | $ | 13 | ​ | $ | 10 | ​
Commodity swap contracts | Cash flow hedges |
Summary of fair value of derivative instruments | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 25, | ​ | September 25, | ​
​ |  | 2020 |  | 2020 |
​ | ​ | (in millions) | ​
Prepaid expenses and other current assets | ​ | $ | 56 | ​ | $ | 41 | ​
Other assets | ​ |  | 3 | ​ |  | 3 | ​
Accrued and other current liabilities | ​ | ​ | 1 | ​ | ​ | 2 | ​
Other liabilities | ​ | ​ | — | ​ | ​ | 1 | ​
Schedule of impacts of hedging program | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the | ​
​ | ​ | Quarters Ended | ​
​ | ​ | December 25, | ​ | December 27, | ​
​ |  | 2020 |  | 2019 |
​ | ​ | (in millions) | ​
Gains recorded in other comprehensive income (loss) | ​ | $ | 37 | ​ | $ | 19 | ​
Gains (losses) reclassified from accumulated other comprehensive income (loss) into cost of sales | ​ | ​ | 15 | ​ | ​ | (1) | ​

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