XML 50 R32.htm IDEA: XBRL DOCUMENT v3.10.0.1
Equity (Tables)
 3 Months Ended
Dec. 29, 2018
Equity [Abstract]  
Dividends Declared The Company paid the following dividends in fiscal 2019 and 2018:
Per Share
 
Total Paid
 
Payment Timing
 
Related to Fiscal Period
$0.88
$1.3 billion
Second quarter of Fiscal 2019
Second Half of 2018
$0.84
$1.2 billion
Fourth Quarter of Fiscal 2018
First Half of 2018
$0.84
$1.3 billion
Second Quarter of Fiscal 2018
Second Half of 2017
$0.78
$1.2 billion
Fourth Quarter of Fiscal 2017
First Half of 2017
Changes in Accumulated Other Comprehensive Income (Loss) The following tables summarize the changes in each component of accumulated other comprehensive income (loss) (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
 
AOCI, before tax
Investments
 
Cash Flow Hedges
 
First quarter of fiscal 2019
 
 
 
 
 
 
 
 
 
Balance at September 29, 2018
$
24

 
$
177

 
$
(4,323
)
 
$
(727
)
 
$
(4,849
)
Quarter Ended December 29, 2018:
 
 
 
 
 
 
 
 


Unrealized gains (losses) arising during the period
—

 
27

 
—

 
(16
)
 
11

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

 
(39
)
 
69

 
—

 
30

Reclassifications to retained earnings
(24
)
 
1

 
—

 
—

 
(23
)
Balance at December 29, 2018
$
—

 
$
166

 
$
(4,254
)
 
$
(743
)
 
$
(4,831
)
 
 
 
 
 
 
 
 
 
 
First quarter of fiscal 2018
 
 
 
 
 
 
 
 
 
Balance at September 30, 2017
$
15

 
$
(108
)
 
$
(4,906
)
 
$
(523
)
 
$
(5,522
)
Quarter Ended December 30, 2017:
 
 
 
 
 
 
 
 
 
Unrealized gains (losses) arising during the period
(1
)
 
19

 
—

 
62

 
80

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

 
20

 
96

 
—

 
116

Balance at December 30, 2017
$
14

 
$
(69
)
 
$
(4,810
)
 
$
(461
)
 
$
(5,326
)
 
 
 
 
 
Unrecognized
Pension and 
Postretirement
Medical 
Expense
 
Foreign
Currency
Translation
and Other
 
AOCI
 
Market Value Adjustments
 
Tax on AOCI
Investments
 
Cash Flow Hedges
 
First quarter of fiscal 2019
 
 
 
 
 
 
 
 
 
Balance at September 29, 2018
$
(9
)
 
$
(32
)
 
$
1,690

 
$
103

 
$
1,752

Quarter Ended December 29, 2018:
 
 
 
 
 
 
 
 


Unrealized gains (losses) arising during the period
—

 
(6
)
 
—

 
(7
)
 
(13
)
Reclassifications of realized net (gains) losses to net income
—

 
9

 
(16
)
 
—

 
(7
)
Reclassifications to retained earnings
9

 
(9
)
 
(667
)
 
(16
)
 
(683
)
Balance at December 29, 2018
$
—

 
$
(38
)
 
$
1,007

 
$
80

 
$
1,049

 
 
 
 
 
 
 
 
 
 
First quarter of fiscal 2018
 
 
 
 
 
 
 
 
 
Balance at September 30, 2017
$
(7
)
 
$
46

 
$
1,839

 
$
116

 
$
1,994

Quarter Ended December 30, 2017:
 
 
 
 
 
 
 
 


Unrealized gains (losses) arising during the period
—

 
(13
)
 
—

 
(16
)
 
(29
)
Reclassifications of realized net (gains) losses to net income
—

 
(8
)
 
(35
)
 
—

 
(43
)
Balance at December 30, 2017
$
(7
)
 
$
25

 
$
1,804

 
$
100

 
$
1,922

 
 
 
 
 
Unrecognized
Pension and 
Postretirement
Medical 
Expense
 
Foreign
Currency
Translation
and Other
 
AOCI
 
Market Value Adjustments
 
AOCI, after tax
Investments
 
Cash Flow Hedges
 
First quarter of fiscal 2019
 
 
 
 
 
 
 
 
 
Balance at September 29, 2018
$
15

 
$
145

 
$
(2,633
)
 
$
(624
)
 
$
(3,097
)
Quarter Ended December 29, 2018:
 
 
 
 
 
 
 
 
 
Unrealized gains (losses) arising during the period
—

 
21

 
—

 
(23
)
 
(2
)
Reclassifications of realized net (gains) losses to net income
—

 
(30
)
 
53

 
—

 
23

Reclassifications to retained earnings (1)
(15
)
 
(8
)
 
(667
)
 
(16
)
 
(706
)
Balance at December 29, 2018
$
—

 
$
128

 
$
(3,247
)
 
$
(663
)
 
$
(3,782
)
 
 
 
 
 
 
 
 
 
 
First quarter of fiscal 2018
 
 
 
 
 
 
 
 
 
Balance at September 30, 2017
$
8

 
$
(62
)
 
$
(3,067
)
 
$
(407
)
 
$
(3,528
)
Quarter Ended December 30, 2017:
 
 
 
 
 
 
 
 
 
Unrealized gains (losses) arising during the period
(1
)
 
6

 
—

 
46

 
51

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

 
12

 
61

 
—

 
73

Balance at December 30, 2017
$
7

 
$
(44
)
 
$
(3,006
)
 
$
(361
)
 
$
(3,404
)
(1) 
On September 30, 2018, the Company adopted a FASB standard, Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income, and elected to reclassify $691 million from AOCI to retained earnings in the quarter ended December 29, 2018.
In addition, on September 30, 2018, the Company adopted a FASB standard, Recognition and Measurement of Financial Assets and Liabilities, and reclassified $24 million ($15 million after tax) of market value adjustments on investments previously recorded in AOCI to retained earnings.
Details about AOCI Components Reclassified to Net Income 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 29,
2018
 
December 30,
2017
Cash flow hedges
 
Primarily revenue
 
$
39

 
$
(20
)
Estimated tax
 
Income taxes
 
(9
)
 
8

 
 
 
 
30

 
(12
)
 
 
 
 
 
 
 
Pension and postretirement
  medical expense
 
Costs and expenses
 
—

 
(96
)
 
 
Interest expense, net
 
(69
)
 
—

Estimated tax
 
Income taxes
 
16

 
35

 
 
 
 
(53
)
 
(61
)
 
 
 
 
 
 
 
Total reclassifications for the period
 
 
 
$
(23
)
 
$
(73
)