v3.26.1
Derivative Instruments (Tables)
 6 Months Ended
Mar. 28, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Gross Fair Value of Derivative Positions
The Company’s derivative positions measured at fair value (see Note 13) are summarized in the following tables:
 As of March 28, 2026
 Current
Assets		Investments/
Other Assets		Other Current
Liabilities		Other Long-
Term
Liabilities
Derivatives designated as hedges
Foreign exchange$251 $335 $(284)$(124)
Interest rate— — (736)— 
Other22    2    (2)   —    
Derivatives not designated as hedges
Foreign exchange102 65 (66)(156)
Other— 70 (13)— 
Gross fair value of derivatives375 472 (1,101)(280)
Counterparty netting(325)(353)410 268 
Cash collateral (received) paid— — 479 — 
Net derivative positions $50 $119 $(212)$(12)
 As of September 27, 2025
 Current
Assets		Investments/
Other Assets		Other Current
Liabilities		Other Long-
Term
Liabilities
Derivatives designated as hedges
Foreign exchange$233 $376 $(407)$(208)
Interest rate— — (762)— 
Other3    2    —    —    
Derivatives not designated as hedges
Foreign exchange39 168 (49)(262)
Other— 89 (1)— 
Gross fair value of derivatives275 635 (1,219)(470)
Counterparty netting(260)(517)378 399 
Cash collateral (received) paid— — 550 10 
Net derivative positions $15 $118 $(291)$(61)
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
March 28,
2026		September 27,
2025		March 28,
2026		September 27,
2025
Borrowings:
Current$1,906    $2,954    $(28)   $(44)   
Long-term9,885 7,347 (687)(680)
$11,791 $10,301 $(715)$(724)
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 EndedSix Months Ended
 March 28,
2026		March 29,
2025		March 28,
2026		March 29,
2025
Gain (loss) on:
Pay-floating swaps$(66)$187 $2 $(8)
Borrowings hedged with pay-floating swaps66   (187)  (2)  8   
Expense associated with interest accruals on pay-floating swaps
(63)(98)(148)(209)
Effect of Foreign Exchange Cash Flow Hedges on AOCI The following table summarizes the effect of foreign exchange cash flow hedges on AOCI:
Quarter EndedSix Months Ended
March 28,
2026		March 29,
2025		March 28,
2026		March 29,
2025
Gain (loss) recognized in Other Comprehensive Income$118 $(210)$93 $352 
Gain (loss) reclassified from AOCI into the Statements of Operations(1)
(85)   121    (147)   210    
(1)Primarily recorded in revenue.