Fair Value Measurement (Tables)

12 Months Ended

Sep. 29, 2012

Assets and Liabilities Measured at Fair Value

The Company’s assets and liabilities measured at fair value are summarized in the following table by the type of inputs applicable to the fair value measurements. See Note 10 for the definitions of fair value and each level within the fair value hierarchy.


	Fair Value Measurements at September 29, 2012
Description	Level 1		Level 2		Level 3		Total
Assets
Investments	$	86	$	–	$	–	$	86
Derivatives ⁽¹⁾
Interest rate		–		239		–		239
Foreign exchange		–		390		–		390
Liabilities
Derivatives ⁽¹⁾
Foreign exchange		–		(235)		–		(235)

Total recorded at fair value	$	86	$	394	$	–	$	480

Fair value of borrowings	$	–	$	13,493	$	1,653	$	15,146


	Fair Value Measurements at October 1, 2011
Description	Level 1		Level 2		Level 3		Total
Assets
Investments	$	143	$	43	$	–	$	186
Derivatives ⁽¹⁾
Interest rate		–		214		–		214
Foreign exchange		–		498		–		498
Residual Interests		–		–		40		40
Liabilities
Derivatives ⁽¹⁾
Interest rate		–		(18)		–		(18)
Foreign exchange		–		(262)		–		(262)

Total recorded at fair value	$	143	$	475	$	40	$	658

Fair value of borrowings	$	–	$	11,081	$	3,070	$	14,151

⁽¹⁾

The Company has a master netting arrangement by counterparty with respect to certain derivative contracts. Contracts in a liability position totaling $153 million and $167 million have been netted against contracts in an asset position in the Consolidated Balance Sheets at September 29, 2012 and October 1, 2011, respectively.