Borrowings (Tables)

9 Months Ended

Jun. 27, 2015

Borrowing Activity

During the nine months ended June 27, 2015, the Company’s borrowing activity was as follows:

	September 27, 2014		Borrowings		Reductions of borrowings			Other Activity			June 27, 2015
Commercial paper with original maturities less than three months (1)	$	50	$	1,781	$	—		$	2		$	1,833
Commercial paper with original maturities greater than three months	—		2,394		(1,823		)	1			572
U.S. medium-term notes	13,713		—		(1,800		)	7			11,920
Foreign currency denominated debt	783		186		(203		)	(39		)	727
Other	294		1		(25		)	(49		)	221
Total	$	14,840	$	4,362	$	(3,851	)	$	(78	)	$	15,273

⁽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 June 27, 2015:

	Committed Capacity		Capacity Used		Unused Capacity
Facility expiring March 2016	$	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						Nine Months Ended
	June 27, 2015			June 28, 2014			June 27, 2015			June 28, 2014
Interest expense	$	(62	)	$	(74	)	$	(197	)	$	(222	)
Interest and investment income	50			24			135			283
Interest income/(expense), net	$	(12	)	$	(50	)	$	(62	)	$	61

Realized Gain (Loss) on Investments

Realized net gains on publicly and non-publicly traded investments are as follows:

	Quarter Ended				Nine Months Ended
	June 27, 2015		June 28, 2014		June 27, 2015		June 28, 2014
Publicly traded	$	31	$	2	$	79	$	153
Non-publicly traded	1		9		8		53
Realized net gains	$	32	$	11	$	87	$	206