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Sales of Receivables | 6 Months Ended
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Apr. 03, 2026
Transfers and Servicing of Financial Assets [Abstract] |
Sales of Receivables | Sales of Receivables In March 2024, we entered into a Master Accounts Receivable Purchase Agreement (“MARPA”) with MUFG Bank, Ltd., (the “Purchaser”) for the sale of certain designated eligible U.S. Government receivables. In December 2024, we amended the MARPA with the Purchaser to increase the maximum amount of eligible receivables that can be sold up to a maximum amount of $400 million. In March 2026, we amended the MARPA with the Purchaser to include the sale of certain eligible receivables and to make certain other confirming modifications. Under the MARPA, the Company can sell certain eligible receivables without recourse for any U.S. Government credit risk. The Company's MARPA activity consisted of the following (in millions):
| As of and for the Six Months Ended
| April 3, 2026 |  | March 28, 2025
Beginning balance: | $ | 180 |  |  | $ | 177 |
Sales of receivables | 1,960 |  |  | 1,955 |
Cash collections | (1,889) |  |  | (1,912) |
Outstanding balance sold to Purchaser (1) | 251 |  |  | 220 |
Cash collected, not remitted to Purchaser (2) | (51) |  |  | (44) |
Remaining sold receivables | $ | 200 |  |  | $ | 176 |
(1) For the six months ended April 3, 2026 and March 28, 2025, the Company recorded a net cash inflow of $71 million and $43 million in its cash flows from operating activities, respectively, from sold receivables. MARPA cash flows are calculated as the change in the outstanding balance during the fiscal year. (2) Includes the cash collected on behalf of but not yet remitted to the Purchaser as of April 3, 2026 and March 28, 2025. This balance is included in Other current liabilities as of the balance sheet date.

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- Definition The entire disclosure for a transferor's continuing involvement in financial assets that it has transferred in a securitization or asset-backed financing arrangement, the nature of any restrictions on assets reported by an entity in its statement of financial position that relate to a transferred financial asset (including the carrying amounts of such assets), how servicing assets and servicing liabilities are reported, and (for securitization or asset-backed financing arrangements accounted for as sales) when a transferor has continuing involvement with the transferred financial assets and transfers of financial assets accounted for as secured borrowings, how the transfer of financial assets affects an entity's financial position, financial performance, and cash flows. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI 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