v3.26.1
Equity (Tables)
6 Months Ended
Mar. 28, 2026
Equity [Abstract]  
Dividends Declared
The Company declared the following dividends in fiscal 2026 and 2025:
Per Share
Amount
Payment Date
$0.75
$1.3 billion(1)
July 22, 2026
$0.75$1.3 billionJanuary 15, 2026
$0.50$0.9 billionJuly 23, 2025
$0.50$0.9 billionJanuary 16, 2025
(1)Amount is estimated. The actual amount will be determined based on shareholders of record at the record date.
Changes in Accumulated Other Comprehensive Income (Loss)
The following tables summarize the changes in each component of accumulated other comprehensive income (loss) (AOCI) including our proportional share of equity method investee amounts:
 Market Value
Adjustments
for Hedges
Unrecognized
Pension and 
Postretirement
Medical 
Expense
Foreign
Currency
Translation
and Other
AOCI
AOCI, before tax
Second quarter of fiscal 2026
Balance at December 27, 2025$(507)$(1,905)$(1,098)$(3,510)
Quarter Ended March 28, 2026:
Unrealized gains (losses) arising during the period145 (294)(141)
Reclassifications of realized net (gains) losses to net income86 (4)— 82 
Balance at March 28, 2026$(276)$(1,901)$(1,392)$(3,569)
Second quarter of fiscal 2025
Balance at December 28, 2024$152 $(2,210)$(1,197)$(3,255)
Quarter Ended March 29, 2025:
Unrealized gains (losses) arising during the period(213)   (7)   50    (170)   
Reclassifications of realized net (gains) losses to net income(117)33 — (84)
Balance at March 29, 2025$(178)$(2,184)$(1,147)$(3,509)
Six months ended fiscal 2026
Balance at September 27, 2025$(549)$(1,901)$(1,085)$(3,535)
Six Months Ended March 28, 2026:
Unrealized gains (losses) arising during the period124 (307)(175)
Reclassifications of realized net (gains) losses to net income149 (8)— 141 
Balance at March 28, 2026$(276)$(1,901)$(1,392)$(3,569)
Six months ended fiscal 2025
Balance at September 28, 2024$(319)$(2,243)$(1,855)$(4,417)
Six Months Ended March 29, 2025:
Unrealized gains (losses) arising during the period346 (7)(196)143 
Reclassifications of realized net (gains) losses to net income(205)66 — (139)
Star India Transaction— — 904 904 
Balance at March 29, 2025$(178)$(2,184)$(1,147)$(3,509)
 Market Value
Adjustments
for Hedges
Unrecognized
Pension and 
Postretirement
Medical 
Expense
Foreign
Currency
Translation
and Other
AOCI
Tax on AOCI
Second quarter of fiscal 2026
Balance at December 27, 2025$109 $447 $54 $610 
Quarter Ended March 28, 2026:
Unrealized gains (losses) arising during the period(34)— 61 27 
Reclassifications of realized net (gains) losses to net income(20)— (19)
Balance at March 28, 2026$55 $448 $115 $618 
Second quarter of fiscal 2025
Balance at December 28, 2024$(38)$523 $82 $567 
Quarter Ended March 29, 2025:
Unrealized gains (losses) arising during the period50    —    (4)   46    
Reclassifications of realized net (gains) losses to net income27 (8)— 19 
Balance at March 29, 2025$39 $515 $78 $632 
Six months ended fiscal 2026
Balance at September 27, 2025$120 $446 $55 $621 
Six Months Ended March 28, 2026:
Unrealized gains (losses) arising during the period(31)— 60 29 
Reclassifications of realized net (gains) losses to net income(34)— (32)
Balance at March 28, 2026$55 $448 $115 $618 
Six months ended fiscal 2025
Balance at September 28, 2024$71 $531 $116 $718 
Six Months Ended March 29, 2025:
Unrealized gains (losses) arising during the period(80)— 20 (60)
Reclassifications of realized net (gains) losses to net income48 (16)— 32 
Star India Transaction— — (58)(58)
Balance at March 29, 2025$39 $515 $78 $632 
 Market Value
Adjustments
for Hedges
Unrecognized
Pension and 
Postretirement
Medical 
Expense
Foreign
Currency
Translation
and Other
AOCI
AOCI, after tax
Second quarter of fiscal 2026
Balance at December 27, 2025$(398)$(1,458)$(1,044)$(2,900)
Quarter Ended March 28, 2026:
Unrealized gains (losses) arising during the period111 (233)(114)
Reclassifications of realized net (gains) losses to net income66 (3)— 63 
Balance at March 28, 2026$(221)$(1,453)$(1,277)$(2,951)
Second quarter of fiscal 2025
Balance at December 28, 2024$114 $(1,687)$(1,115)$(2,688)
Quarter Ended March 29, 2025:
Unrealized gains (losses) arising during the period(163)(7)46 (124)
Reclassifications of realized net (gains) losses to net income(90)25 — (65)
Balance at March 29, 2025$(139)$(1,669)$(1,069)$(2,877)
Six months ended fiscal 2026
Balance at September 27, 2025$(429)$(1,455)$(1,030)$(2,914)
Six Months Ended March 28, 2026:
Unrealized gains (losses) arising during the period93 (247)(146)
Reclassifications of realized net (gains) losses to net income115    (6)   —    109    
Balance at March 28, 2026$(221)$(1,453)$(1,277)$(2,951)
Six months ended fiscal 2025
Balance at September 28, 2024$(248)$(1,712)$(1,739)$(3,699)
Six Months Ended March 29, 2025:
Unrealized gains (losses) arising during the period266 (7)(176)83 
Reclassifications of realized net (gains) losses to net income(157)50 — (107)
Star India Transaction
— — 846 846 
Balance at March 29, 2025$(139)$(1,669)$(1,069)$(2,877)
Details about AOCI Components Reclassified to Net Income
Details about AOCI components reclassified to net income are as follows:
Gain (loss) in net income:
Affected line item in the Condensed Consolidated Statements of Income:
Quarter EndedSix Months Ended
March 28,
2026
March 29,
2025
March 28,
2026
March 29,
2025
Market value adjustments, primarily cash flow hedgesPrimarily revenue$(86)$117 $(149)$205 
Estimated taxIncome taxes20 (27)34 (48)
(66)90 (115)157 
Pension and postretirement medical expenseInterest expense, net4 (33)8 (66)
Estimated taxIncome taxes(1)    (2)  16   
3 (25)6 (50)
Total reclassifications for the period$(63)$65 $(109)$107