v3.25.0.1
Derivative Instruments (Tables)
 3 Months Ended
Dec. 28, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Gross Fair Value of Derivative Positions
The Company’s derivative positions measured at fair value (see Note 14) are summarized in the following tables:
 As of December 28, 2024
 Current
Assets		Investments/
Other Assets		Other Current
Liabilities		Other Long-
Term
Liabilities
Derivatives designated as hedges
Foreign exchange$586 $323 $(176)$(139)
Interest rate— — (1,239)— 
Other—    —    (5)   —    
Derivatives not designated as hedges
Foreign exchange216 2 (210)(2)
Other— 100 (12)— 
Gross fair value of derivatives802 425 (1,642)(141)
Counterparty netting(618)(239)722 135 
Cash collateral (received) paid(74)— 675 — 
Net derivative positions $110 $186 $(245)$(6)
 As of September 28, 2024
 Current
Assets		Investments/
Other Assets		Other Current
Liabilities		Other Long-
Term
Liabilities
Derivatives designated as hedges
Foreign exchange$273 $184 $(164)$(149)
Interest rate— — (983)— 
Other—    —    (7)   (1)   
Derivatives not designated as hedges
Foreign exchange110 2 (273)(2)
Other18 94 — — 
Gross fair value of derivatives401 280 (1,427)(152)
Counterparty netting(330)(182)396 116 
Cash collateral (received) paid(27)— 679 — 
Net derivative positions $44 $98 $(352)$(36)
Carrying Amount and Cumulative Basis Adjustments for Fair Value Hedges Recorded on the Balance Sheet
The following table summarizes fair value hedge adjustments to hedged borrowings:
Carrying Amount of Hedged BorrowingsFair Value Adjustments Included
in Hedged Borrowings
December 28,
2024		September 28,
2024		December 28,
2024		September 28,
2024
Borrowings:
Current$495    $1,414    $(5)   $(10)   
Long-term9,874 10,128 (1,109)(913)
$10,369 $11,542 $(1,114)$(923)
Adjustments Related to Fair Value Hedges Included in Interest Expense, net in the Consolidated Statements of Income
The following amounts are included in “Interest expense, net” in the Condensed Consolidated Statements of Income:
 Quarter Ended
 December 28,
2024		December 30,
2023
Gain (loss) on:
Pay-floating swaps$(195)$432 
Borrowings hedged with pay-floating swaps195   (432)  
Expense associated with interest accruals on pay-floating swaps
(111)(154)
Effect of Foreign Exchange Cash Flow Hedges on AOCI The following table summarizes the effect of foreign exchange cash flow hedges on AOCI:
Quarter Ended
December 28,
2024		December 30,
2023
Gain (loss) recognized in Other Comprehensive Income$562 $(264)
Gain reclassified from AOCI into the Statements of Operations(1)
89    141    
(1)Primarily recorded in revenue.