Short-term Borrowings and Long-term Debt (Tables)

12 Months Ended

Dec. 26, 2015

Debt Disclosure [Abstract]

Schedule of Debt

	2015			2014
Short-term Borrowings
Current maturities of long-term debt	$	313		$	264
Current portion of fair value hedge accounting adjustment	1			3
Unsecured Short-Term Loan Credit Facility, expires June 2016	600			—
Other	9			—
	$	923		$	267
Long-term Debt
Senior Unsecured Notes	$	2,497		$	2,746
Unsecured Revolving Credit Facility, expires March 2017	701			416
Capital lease obligations (See Note 11)	169			175
	3,367			3,337
Less current maturities of long-term debt	(313		)	(264		)
Long-term debt excluding long-term portion of hedge accounting adjustment	3,054			3,073
Long-term portion of fair value hedge accounting adjustment	—			4
Long-term debt including hedge accounting adjustment	$	3,054		$	3,077

Debt Instrument [Line Items]

Annual maturities of short-term borrowings and long-term debt excluding capital lease obligations and derivative instrument adjustments

The annual maturities of short-term borrowings and long-term debt as of December 26, 2015, excluding capital lease obligations of $169 million and fair value hedge accounting adjustments of $1 million, are as follows:

Year ended:
2016	$	909
2017	701
2018	325
2019	250
2020	350
Thereafter	1,275
Total	$	3,810

Senior Unsecured Notes [Member]

Debt Instrument [Line Items]

Senior Unsecured Notes issued that remain outstanding

The following table summarizes all Senior Unsecured Notes issued that remain outstanding at December 26, 2015:

				Interest Rate
Issuance Date(a)	Maturity Date	Principal Amount (in millions)		Stated	Effective(b)
April 2006	April 2016	$	300	6.25%	6.03%
October 2007	March 2018	$	325	6.25%	6.36%
October 2007	November 2037	$	325	6.88%	7.45%
August 2009	September 2019	$	250	5.30%	5.59%
August 2010	November 2020	$	350	3.88%	4.01%
August 2011	November 2021	$	350	3.75%	3.88%
October 2013	November 2023	$	325	3.88%	4.01%
October 2013	November 2043	$	275	5.35%	5.42%

(a) Interest payments commenced approximately six months after issuance date and are payable semi-annually thereafter.

(b) Includes the effects of the amortization of any (1) premium or discount; (2) debt issuance costs; and (3) gain or loss upon settlement of related treasury locks and forward-starting interest rate swaps utilized to hedge the interest rate risk prior to the debt issuance.  Excludes the effect of any swaps that remain outstanding.