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New Accounting Pronouncements
 3 Months Ended
Dec. 29, 2018
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]  
New Accounting Pronouncements New Accounting Pronouncements
Accounting Pronouncements Adopted in Fiscal 2019
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Revenues from Contracts with Customers - See Note 3
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Intra-Entity Transfers of Assets Other Than Inventory - See Note 7
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Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost - See Note 8
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Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income - See Note 10
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Recognition and Measurement of Financial Assets and Liabilities - See Note 10
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Targeted Improvements to Accounting for Hedging Activities - The adoption of the new standard did not have a material impact on our consolidated financial statements
Leases
In February 2016, the FASB issued a new lease accounting standard, which requires the present value of committed operating lease payments to be recorded as right-of-use lease assets and lease liabilities on the balance sheet. The standard is effective at the beginning of the Company’s 2020 fiscal year. We expect to adopt the standard without restating prior periods.
The new standard provides a number of practical expedients for transition upon adoption. The Company expects to elect the practical expedients that permit the Company not to reassess its prior conclusions concerning whether:
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Arrangements contain a lease
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The Company’s lease arrangements are operating or capital leases (financing)
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Initial direct costs should be capitalized
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Existing land easements are leases
The Company is currently assessing the impact of the new standard on its financial statements. We believe the most significant effects of adoption will be:
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Recognizing new right-of-use assets and lease liabilities on our balance sheet for our operating leases
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Reclassifying a deferred gain of approximately $350 million related to a prior sale-leaseback transaction to retained earnings
As of September 29, 2018, the Company had an estimated $3.6 billion in undiscounted future minimum lease commitments.