v3.22.2.2
Fair Value Measurements and Investments (Tables)
 12 Months Ended
Sep. 30, 2022
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
Assets and Liabilities Measured at Fair Value on a Recurring Basis
Fair Value Measurements at September 30
Using Inputs Considered as
Level 1Level 2
2022202120222021
(in millions)
Assets
Cash equivalents and restricted cash equivalents:
Money market funds$11,736 $11,779 $— $— 
U.S. government-sponsored debt securities— — — 100 
U.S. Treasury securities799 2,400 — — 
Investment securities:
Marketable equity securities437 490 — — 
U.S. government-sponsored debt securities— — 457 245 
U.S. Treasury securities4,005 2,985 — — 
Other current and non-current assets:
Money market funds22 4 — — 
Derivative instruments— — 1,131 410 
Total$16,999 $17,658 $1,588 $755 
Liabilities
Accrued compensation and benefits:
Deferred compensation liability$146 $167 $— $— 
Accrued and other liabilities:
Derivative instruments— — 418 109 
Total$146 $167 $418 $109 
Schedule of Amortized Cost, Unrealized Gains and Losses, and Fair Value of Debt Securities
The amortized cost, unrealized gains and losses and fair value of debt securities were as follows:
September 30, 2022
Amortized
Cost		Gross UnrealizedFair
Value
GainsLosses
(in millions)
U.S. government-sponsored debt securities$458 $— $(1)$457 
U.S. Treasury securities4,937 — (133)4,804 
Total$5,395 $— $(134)$5,261 
Debt securities with continuous unrealized losses for less than 12 months were as follows:
September 30, 2022
Fair ValueGross Unrealized Losses
(in millions)
U.S. government-sponsored debt securities$408 $(1)
U.S. Treasury securities3,507 (133)
Total$3,915 $(134)
Debt Securities Classified by Contractual Maturity Date
The stated maturities of debt securities were as follows:
September 30,
2022
 (in millions)
Due within one year$3,125 
Due after 1 year through 5 years2,136 
Total$5,261 
Schedule of Non-Marketable Equity Securities
The following table summarizes the total carrying value of the Company’s non-marketable equity securities held as of September 30, 2022 including cumulative unrealized gains and losses:
September 30,
2022
(in millions)
Initial cost basis$734 
Adjustments:
Upward adjustments810 
Downward adjustments (including impairment)(349)
Carrying amount, end of period$1,195 
Unrealized gains and losses included in the carrying value of the Company’s non-marketable equity securities still held as of September 30, 2022 and 2021 were as follows:
For the Years Ended
September 30,
20222021
(in millions)
Upward adjustments$231 $484 
Downward adjustments (including impairment)$(341)$(3)
Schedule of Investment Income
Investment income (expense) is recorded as non-operating income (expense) in the Company’s consolidated statements of operations and consisted of the following:
 For the Years Ended
September 30,
 202220212020
 (in millions)
Interest and dividend income on cash and investments$69 $(16)$80 
Realized gains (losses), net on debt securities— — 4 
Equity securities:
Unrealized gains (losses), net(364)721 115 
Realized gains (losses), net68 26 1 
Investment income (expense)$(227)$731 $200