Fair Value Measurements (Tables)

3 Months Ended

Dec. 31, 2022

Fair Value Disclosures [Abstract]

Schedule Of Assets And Liabilities Measured At Fair Value On A Recurring Basis

The following tables set forth by level within the fair value hierarchy our financial assets and liabilities accounted for at fair value on a recurring basis according to the valuation techniques we used to determine their fair values (in millions): 

December 31, 2022	Level 1		Level 2		Level 3		Netting (a)		Total
Other Current Assets:
Derivative financial instruments:
Designated as hedges	$	—	$	1	$	—	$	—	$	1
Undesignated	—		110		—		(38)		72
Available-for-sale securities (current)	—		2		—		—		2
Other Assets:
Available-for-sale securities (non-current)	—		67		33		—		100
Deferred compensation assets	29		357		—		—		386
Total assets	$	29	$	537	$	33	$	(38)	$	561
Other Current Liabilities:
Derivative financial instruments:
Designated as hedges	$	—	$	8	$	—	$	(8)	$	—
Undesignated	—		70		—		(60)		10
Total liabilities	$	—	$	78	$	—	$	(68)	$	10

October 1, 2022	Level 1		Level 2		Level 3		Netting (a)		Total
Other Current Assets:
Derivative financial instruments:
Designated as hedges	$	—	$	14	$	—	$	(6)	$	8
Undesignated	—		154		—		(58)		96
Available-for-sale securities (current)	—		1		—		—		1
Other Assets:
Available-for-sale securities (non-current)	—		65		35		—		100
Deferred compensation assets	38		327		—		—		365
Total assets	$	38	$	561	$	35	$	(64)	$	570
Other Current Liabilities:
Derivative financial instruments:
Designated as hedges	$	—	$	2	$	—	$	(2)	$	—
Undesignated	—		106		—		(72)		34
Total liabilities	$	—	$	108	$	—	$	(74)	$	34

(a) Our derivative assets and liabilities are presented in our Consolidated Condensed Balance Sheets on a net basis when a legally enforceable master netting arrangement exists between the counterparty to a derivative contract and us. Additionally, at December 31, 2022, and October 1, 2022, we had $30 million and $10 million, respectively, of net cash collateral with various counterparties where master netting arrangements exist and held no cash collateral.

Schedule Of Debt Securities Measured At Fair Value On A Recurring Basis, Unobservable Input Reconciliation

The following table provides a reconciliation between the beginning and ending balance of marketable debt securities measured at fair value on a recurring basis in the table above that used significant unobservable inputs (Level 3) (in millions): 

	Three Months Ended
	December 31, 2022		January 1, 2022
Balance at beginning of year	$	35	$	48
Total realized and unrealized gains (losses):
Included in other comprehensive income (loss)	—		(1)
Purchases	2		1
Issuances	—		—
Settlements	(4)		(2)
Balance at end of period	$	33	$	46
Total gains (losses) for the three month period included in earnings attributable to the change in unrealized gains (losses) relating to assets and liabilities still held at end of period	$	—	$	—

Schedule Of Fair Value And Carrying Value Of Debt

Fair value of our debt is principally estimated using Level 2 inputs based on quoted prices for those or similar instruments. Fair value and carrying value for our debt are as follows (in millions):

	December 31, 2022				October 1, 2022
	Fair Value		Carrying Value		Fair Value		Carrying Value
Total debt	$	7,840	$	8,349	$	7,762	$	8,321

Debt Securities, Available-for-sale

The following table sets forth our available-for-sale securities’ amortized cost basis, fair value and unrealized gain (loss) by significant investment category (in millions):

	December 31, 2022						October 1, 2022
	Amortized Cost Basis		Fair Value		Unrealized Gain (Loss)		Amortized Cost Basis		Fair Value		Unrealized Gain (Loss)
Available-for-sale securities:
Debt securities:
U.S. treasury and agency	$	74	$	69	$	(5)	$	71	$	66	$	(5)
Corporate and asset-backed	35		33		(2)		37		35		(2)