Borrowings (Tables)

3 Months Ended

Dec. 27, 2014

Borrowing Activity

During the quarter ended December 27, 2014, the Company’s borrowing activity was as follows:

	September 27, 2014		Borrowings		Reductions of borrowings			Other Activity			December 27, 2014
Commercial paper with original maturities less than three months, net (1)	$	50	$	1,025	$	—		$	—		$	1,075
Commercial paper with original maturities greater than three months	—		1,722		—			—			1,722
U.S. medium-term notes	13,713		—		(1,000		)	3			12,716
Foreign currency denominated debt	783		69		(93		)	(19		)	740
Other	294		—		(12		)	8			290
Total	$	14,840	$	2,816	$	(1,105	)	$	(8	)	$	16,543

⁽¹⁾ Borrowings and reductions of borrowings are reported net.

Line of Credit Facilities

The Company has bank facilities with a syndicate of lenders to support commercial paper borrowings. The following is a summary of the bank facilities at December 27, 2014:

	Committed Capacity		Capacity Used		Unused Capacity
Facility expiring March 2015	$	1,500	$	—	$	1,500
Facility expiring June 2017	2,250		—		2,250
Facility expiring March 2019	2,250		—		2,250
Total	$	6,000	$	—	$	6,000

Interest Income/(Expense)

Interest and investment income and interest expense are reported net in the Condensed Consolidated Statements of Income and consist of the following (net of capitalized interest):

	Quarter Ended
	December 27, 2014			December 28, 2013
Interest expense	$	(69	)	$	(81	)
Interest and investment income	11			130
Interest income/(expense), net	$	(58	)	$	49