v3.25.3
Fair Value Measurements
 12 Months Ended
Sep. 28, 2025
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Abstract]  
Fair Value Measurements Fair Value Measurements and Marketable Securities
The following table presents our fair value hierarchy for assets and liabilities measured at fair value on a recurring basis at September 28, 2025 (in millions):
Level 1Level 2Total
Assets:   
Cash equivalents$2,890 $437 $3,327 
Marketable securities:   
Corporate bonds and notes$— $3,309 $3,309 
Mortgage- and asset-backed securities— 802 802 
U.S. Treasury securities and government-related securities110 62 172 
Equity securities 352 — 352 
Total marketable securities462 4,173 4,635 
Derivative instruments— 59 59 
Other investments (1)
1,099 — 1,099 
Total assets measured at fair value$4,451 $4,669 $9,120 
Liabilities:   
Derivative instruments$— $163 $163 
Other liabilities (1)
1,095 — 1,095 
Total liabilities measured at fair value$1,095 $163 $1,258 
(1) Other investments and other liabilities included in Level 1 are comprised of our deferred compensation plan assets and liabilities.
At September 28, 2025 and September 29, 2024, our marketable securities were all classified as current and were primarily comprised of available-for-sale debt securities (the vast majority of which were corporate bonds and notes).
The contractual maturities of available-for-sale debt securities were as follows (in millions):
September 28,
2025
Years to Maturity:
Less than one year$1,041 
One to five years2,431 
Five to ten years9 
No single maturity date802 
Total$4,283 
Debt securities with no single maturity date included mortgage- and asset-backed securities.