XML 32 R18.htm IDEA: XBRL DOCUMENT v3.10.0.1
Equity
 12 Months Ended
Sep. 29, 2018
Equity [Abstract]  
Equity
Equity
The Company paid the following dividends in fiscal 2018, 2017 and 2016:
Per Share
 
Total Paid
 
Payment Timing
 
Related to Fiscal Period
$0.84
 
$1.2 billion
 
Fourth Quarter of Fiscal 2018
 
First Half 2018
$0.84
 
$1.3 billion
 
Second Quarter of Fiscal 2018
 
Second Half 2017
$0.78
 
$1.2 billion
 
Fourth Quarter of Fiscal 2017
 
First Half 2017
$0.78
 
$1.2 billion
 
Second Quarter of Fiscal 2017
 
Second Half 2016
$0.71
 
$1.1 billion
 
Fourth Quarter of Fiscal 2016
 
First Half 2016
$0.71
 
$1.2 billion
 
Second Quarter of Fiscal 2016
 
Second Half 2015

The Company repurchased its common stock in fiscal 2018, 2017 and 2016 as follows:
Fiscal year
 
Shares acquired
 
Total paid
2018
 
35 million
 
$3.6 billion
2017
 
89 million
 
$9.4 billion
2016
 
74 million
 
$7.5 billion

On January 30, 2015, the Company’s Board of Directors increased the amount of shares that can be repurchased to 400 million shares as of that date. As of September 29, 2018, the Company had remaining authorization in place to repurchase 158 million additional shares. The repurchase program does not have an expiration date.
In fiscal 2018 and 2017 there were 100 million preferred series A shares authorized with a $0.01 par value. In March 2018, the Company’s Board of Directors authorized 40 thousand preferred series B shares with $0.01 par value. There are no shares issued under the series A or series B preferred shares.
The following table summarizes the changes in each component of AOCI including our proportional share of equity method investee amounts: 
 
 
 
 
 
Unrecognized
Pension and 
Postretirement
Medical 
Expense
 
Foreign
Currency
Translation
and Other
 
AOCI
 
Market Value Adjustments
 
 
Investments
 
Cash Flow Hedges
 
AOCI, before tax
 
 
 
 
 
 
 
 


Balance at October 3, 2015
$
21

 
$
523

 
$
(4,002
)
 
$
(431
)
 
$
(3,889
)
Unrealized gains (losses) arising during the period
23

 
(297
)
 
(2,122
)
 
(90
)
 
(2,486
)
Reclassifications of realized net (gains) losses to net income
—

 
(264
)
 
265

 
—

 
1

Balance at October 1, 2016
$
44

 
$
(38
)
 
$
(5,859
)
 
$
(521
)
 
$
(6,374
)
Unrealized gains (losses) arising during the period
(2
)
 
124

 
521

 
(2
)
 
641

Reclassifications of net (gains) losses to net income
(27
)
 
(194
)
 
432

 
—

 
211

Balance at September 30, 2017
$
15

 
$
(108
)
 
$
(4,906
)
 
$
(523
)
 
$
(5,522
)
Unrealized gains (losses) arising during the period
9

 
250

 
203

 
(204
)
 
258

Reclassifications of net (gains) losses to net income
—

 
35

 
380

 
—

 
415

Balance at September 29, 2018
$
24

 
$
177

 
$
(4,323
)
 
$
(727
)
 
$
(4,849
)

 
 
 
 
 
Unrecognized
Pension and 
Postretirement
Medical 
Expense
 
Foreign
Currency
Translation
and Other
 
AOCI
 
Market Value Adjustments
 
 
Investments
 
Cash Flow Hedges
 
Tax on AOCI
 
 
 
 
 
 
 
 


Balance at October 3, 2015
$
(8
)
 
$
(189
)
 
$
1,505

 
$
160

 
$
1,468

Unrealized gains (losses) arising during the period
(10
)
 
104

 
801

 
32

 
927

Reclassifications of realized net (gains) losses to net income
—

 
98

 
(98
)
 
—

 
—

Balance at October 1, 2016
$
(18
)
 
$
13

 
$
2,208

 
$
192

 
$
2,395

Unrealized gains (losses) arising during the period
1

 
(39
)
 
(209
)
 
(76
)
 
(323
)
Reclassifications of net (gains) losses to net income
10

 
72

 
(160
)
 
—

 
(78
)
Balance at September 30, 2017
$
(7
)
 
$
46

 
$
1,839

 
$
116

 
$
1,994

Unrealized gains (losses) arising during the period
(2
)
 
(66
)
 
(47
)
 
(13
)
 
(128
)
Reclassifications of net (gains) losses to net income
—

 
(12
)
 
(102
)
 
—

 
(114
)
Balance at September 29, 2018
$
(9
)
 
$
(32
)
 
$
1,690

 
$
103

 
$
1,752

 
 
 
 
 
Unrecognized
Pension and 
Postretirement
Medical 
Expense
 
Foreign
Currency
Translation
and Other
 
AOCI
 
Market Value Adjustments
 
 
Investments
 
Cash Flow Hedges
 
AOCI, after tax
 
 
 
 
 
 
 
 


Balance at October 3, 2015
$
13

 
$
334

 
$
(2,497
)
 
$
(271
)
 
$
(2,421
)
Unrealized gains (losses) arising during the period
13

 
(193
)
 
(1,321
)
 
(58
)
 
(1,559
)
Reclassifications of realized net (gains) losses to net income
—

 
(166
)
 
167

 
—

 
1

Balance at October 1, 2016
$
26

 
$
(25
)
 
$
(3,651
)
 
$
(329
)
 
$
(3,979
)
Unrealized gains (losses) arising during the period
(1
)
 
85

 
312

 
(78
)
 
318

Reclassifications of net (gains) losses to net income
(17
)
 
(122
)
 
272

 
—

 
133

Balance at September 30, 2017
$
8

 
$
(62
)
 
$
(3,067
)
 
$
(407
)
 
$
(3,528
)
Unrealized gains (losses) arising during the period
7

 
184

 
156

 
(217
)
 
130

Reclassifications of net (gains) losses to net income
—

 
23

 
278

 
—

 
301

Balance at September 29, 2018
$
15

 
$
145

 
$
(2,633
)
 
$
(624
)
 
$
(3,097
)

Details about AOCI components reclassified to net income are as follows:
Gains/(losses) in net income:
 
Affected line item in the Consolidated Statements of Income:
 
2018
 
2017
 
2016
Investments, net
 
Interest expense, net
 
$
—

 
$
27

 
$
—

Estimated tax
 
Income taxes
 
—

 
(10
)
 
—

 
 
 
 
—

 
17

 
—

 
 
 
 
 
 
 
 
 
Cash flow hedges
 
Primarily revenue
 
(35
)
 
194

 
264

Estimated tax
 
Income taxes
 
12

 
(72
)
 
(98
)
 
 
 
 
(23
)
 
122

 
166

 
 
 
 
 
 
 
 
 
Pension and postretirement medical expense
 
Cost and expenses
 
(380
)
 
(432
)
 
(265
)
Estimated tax
 
Income taxes
 
102

 
160

 
98

 
 
 
 
(278
)
 
(272
)
 
(167
)
 
 
 
 
 
 
 
 
 
Total reclassifications for the period
 
 
 
$
(301
)
 
$
(133
)
 
$
(1
)