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Equity
 3 Months Ended
Dec. 27, 2014
Equity [Abstract]  
Equity
Equity
On December 3, 2014, the Company declared a $1.15 per share dividend ($1.9 billion) related to fiscal 2014 for shareholders of record on December 15, 2014, which was paid on January 8, 2015. The Company paid a $0.86 per share dividend ($1.5 billion) during the second quarter of fiscal 2014 related to fiscal 2013.
During the quarter ended December 27, 2014, the Company repurchased 15 million shares of its common stock for $1.3 billion. On January 30, 2015, the Company’s Board of Directors increased the repurchase authorization to a total of 400 million shares as of that date. The repurchase program does not have an expiration date.
The following table summarizes the changes in each component of accumulated other comprehensive income (loss) (AOCI) including our proportional share of equity method investee amounts, net of 37% estimated tax:
 
 
 
 
 
Unrecognized
Pension and 
Postretirement
Medical 
Expense
 
Foreign
Currency
Translation
and Other
 
AOCI
 
Market Value Adjustments
 
 
Investments, net
 
Cash Flow Hedges
 
Balance September 27, 2014
$
100

 
$
204

 
$
(2,196
)
 
$
(76
)
 
$
(1,968
)
Unrealized gains (losses) arising during the period
(16
)
 
176

 
—

 
(75
)
 
85

Reclassifications of net (gains) losses to net income
—

 
(41
)
 
44

 
—

 
3

Balance at December 27, 2014
$
84

 
$
339

 
$
(2,152
)
 
$
(151
)
 
$
(1,880
)
 
 
 
 
 
 
 
 
 
 
Balance at September 28, 2013
$
95

 
$
83

 
$
(1,271
)
 
$
(94
)
 
$
(1,187
)
Unrealized gains (losses) arising during the period
18

 
41

 
—

 
6

 
65

Reclassifications of net (gains) losses to net income
(37
)
 
(10
)
 
25

 
—

 
(22
)
Balance at December 28, 2013
$
76

 
$
114

 
$
(1,246
)
 
$
(88
)
 
$
(1,144
)
 
 
 
 
 
 
 
 
 
 

Details about AOCI components reclassified to net income are as follows:
Gains/(losses) in net income:
 
Affected line item in the Condensed Consolidated Statements of Income:
 
Quarter Ended
 
 
December 27,
2014
 
December 28,
2013
Investments, net
 
Interest income/(expense), net
 
$
—

 
$
59

Estimated tax
 
Income taxes
 
—

 
(22
)
 
 
 
 
—

 
37

 
 
 
 
 
 
 
Cash flow hedges
 
Primarily revenue
 
65

 
16

Estimated tax
 
Income taxes
 
(24
)
 
(6
)
 
 
 
 
41

 
10

 
 
 
 
 
 
 
Pension and postretirement medical expense
 
Primarily included in the computation of net periodic benefit cost (see Note 6)
 
(70
)
 
(40
)
Estimated tax
 
Income taxes
 
26

 
15

 
 
 
 
(44
)
 
(25
)
 
 
 
 
 
 
 
Total reclassifications for the period
 
 
 
$
(3
)
 
$
22


At December 27, 2014, the Company held available-for-sale investments in net unrecognized gain positions totaling $46 million and no investments in significant unrecognized loss positions. At September 27, 2014, the Company held available-for-sale investments in net unrecognized gain positions totaling $55 million and no investments in significant unrecognized loss positions.