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Equity-Based Compensation (Tables)
 12 Months Ended
Sep. 28, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Weighted Average Assumptions used in Option-Valuation Model
The weighted average assumptions used in the option-valuation model were as follows:
 
2019
 
2018
 
2017
Risk-free interest rate
2.8
%
 
2.4
%
 
2.6
%
Expected volatility
23
%
 
23
%
 
22
%
Dividend yield
1.61
%
 
1.57
%
 
1.58
%
Termination rate
4.8
%
 
4.8
%
 
4.0
%
Exercise multiple
1.75

 
1.75

 
1.62
Impact of Stock Options and Restricted Stock Units on Income as follows: 
 
2019
 
2018
 
2017
Stock option
$
84

 
$
87

 
$
90

RSUs (1)
627

 
306

 
274

Total equity-based compensation expense (2)
711

 
393

 
364

Tax impact
(161
)
 
(99
)
 
(123
)
Reduction in net income
$
550

 
$
294

 
$
241

Equity-based compensation expense capitalized during the period
$
81

 
$
70

 
$
78

(1) 
Includes TFCF Performance RSUs converted to Company RSUs in connection with the TFCF acquisition (see Note 4). In fiscal 2019, the Company recognized $307 million of equity based compensation in connection with the TFCF acquisition.
(2) 
Equity-based compensation expense is net of capitalized equity-based compensation and estimated forfeitures and excludes amortization of previously capitalized equity-based compensation costs.
Information about Stock Option Transactions
The following table summarizes information about stock option transactions (shares in millions): 
 
2019
 
Shares
 
Weighted  
Average
Exercise Price
Outstanding at beginning of year
24

 
$
84.14

Awards forfeited
(1
)
 
109.59

Awards granted
4

 
111.15

Awards exercised
(4
)
 
74.13

Outstanding at end of year
23

 
$
90.05

Exercisable at end of year
14

 
$
76.59
Information about Stock Options Vested and Expected to Vest
The following tables summarize information about stock options vested and expected to vest at September 28, 2019 (shares in millions): 
 
 
 
 
 
 
 
Vested
 
 
Range of Exercise Prices
 
 
Number of
Options
 
Weighted
Average
Exercise Price
 
Weighted 
Average
Remaining
Years of 
Contractual 
Life
 
 
$
0

—
$
50

 
 
3

 
$
39.71

 
2.0
 
 
$
51

—
$
75

 
 
4

 
61.34

 
3.7
 
 
$
76

—
$
100

 
 
3

 
91.87

 
5.2
 
 
$
101

—
$
125

 
 
4

 
109.71

 
7.0
 
 
 
 
 
 
 
14

 
 
 
 
 
 
 
 
 
 
 
 
Expected to Vest
 
 
Range of Exercise Prices
 
 
Number of
Options (1)
 
Weighted
Average
Exercise Price
 
Weighted 
Average
Remaining
Years of 
Contractual 
Life
 
 
$
105

—
$
110

 
 
2

 
$
105.34

 
7.3
 
 
$
111

—
$
115

 
 
7

 
111.25

 
8.5
 
 
 
 
 
 
 
9

 
 
 
 
(1) 
Number of options expected to vest is total unvested options less estimated forfeitures.
Information about Restricted Stock Unit Transactions
The following table summarizes information about RSU transactions (shares in millions): 
 
2019
 
Units
 
Weighted
Average
Grant-Date    
Fair Value
Unvested at beginning of year
9

 
$
108.74

Granted (1)
4

 
112.73

Vested
(3
)
 
105.98

Forfeited
(1
)
 
107.24

Other (2)
3

 
110.00

Unvested at end of year (3)(4)
12

 
$
110.84

(1)
Includes 0.4 million Performance RSUs.
(2) 
Reflects TFCF Performance RSUs replaced with Company RSUs in connection with the TFCF acquisition that generally vest in three years.
(3)
Includes 1.5 million Performance RSUs.
(4)
Excludes Performance RSUs issued in September 2018, for which vesting is subject to service conditions and the number of units vesting is subject to the discretion of the CEO. At September 28, 2019, the maximum number of these Performance RSUs that could be issued upon vesting is 0.2 million.