v3.26.1
Fair Value Measurements and Marketable Securities
 6 Months Ended
Mar. 29, 2026
Fair Value Measurements [Abstract]  
Fair Value Measurements and Marketable Securities
Note 7. 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 March 29, 2026 (in millions):
Level 1Level 2Total
Assets   
Cash equivalents$1,014 $515 $1,529 
Marketable securities:   
Corporate bonds and notes— 3,266 3,266 
Mortgage- and asset-backed securities— 863 863 
U.S. Treasury securities and government-related securities58 37 95 
Equity securities140 — 140 
Total marketable securities198 4,166 4,364 
Derivative instruments— 36 36 
Other investments (1)
1,138 — 1,138 
Total assets measured at fair value$2,350 $4,717 $7,067 
Liabilities   
Derivative instruments$— $295 $295 
Other liabilities (1)
1,134 — 1,134 
Total liabilities measured at fair value$1,134 $295 $1,429 
(1) Other investments and other liabilities included in Level 1 are comprised of our deferred compensation plan assets and liabilities.
Long-term Debt. At March 29, 2026, the aggregate fair value of our outstanding fixed-rate notes, based on Level 2 inputs, was approximately $13.7 billion.
Marketable Securities. At March 29, 2026 and September 28, 2025, 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):
March 29,
2026
Years to maturity
Less than one year$870 
One to five years2,489 
Five to ten years2 
No single maturity date863 
Total$4,224 
Debt securities with no single maturity date included mortgage- and asset-backed securities.