Debt (Tables)

12 Months Ended

Sep. 30, 2017

Debt Disclosure [Abstract]

Summary of Cash Flows Associated with Issuance and Maturities of Commercial Paper

The following table provides a summary of cash flows associated with the issuance and maturities of Commercial Paper for 2017 and 2016 (in millions):

	2017			2016
Maturities less than 90 days:
Proceeds from/(Repayments of) commercial paper, net	$	(1,782	)	$	(869	)
Maturities greater than 90 days:
Proceeds from commercial paper	17,932			3,632
Repayments of commercial paper	(12,298		)	(3,160		)
Proceeds from/(Repayments of) commercial paper, net	5,634			472
Total change in commercial paper, net	$	3,852		$	(397	)

Summary of Term Debt

The following table provides a summary of the Company’s term debt as of September 30, 2017 and September 24, 2016:

	Maturities			2017							2016
				Amount (in millions)		Effective Interest Rate					Amount (in millions)		Effective Interest Rate
2013 debt issuance of $17.0 billion:
Floating-rate notes	2018		2018	$	2,000		1.10%		1.10	%	$	2,000		1.10%		1.10	%
Fixed-rate 1.000% – 3.850% notes	2018	–	2043	12,500			1.08%	–	3.91	%	12,500			1.08%	–	3.91	%
2014 debt issuance of $12.0 billion:
Floating-rate notes	2019		2019	1,000			1.61%		1.61	%	2,000			0.86%	–	1.09	%
Fixed-rate 2.100% – 4.450% notes	2019	–	2044	8,500			1.61%	–	4.48	%	10,000			0.85%	–	4.48	%
2015 debt issuances of $27.3 billion:
Floating-rate notes	2019	–	2020	1,549			1.56%	–	1.87	%	1,781			0.87%	–	1.87	%
Fixed-rate 0.350% – 4.375% notes	2019	–	2045	24,522			0.28%	–	4.51	%	25,144			0.28%	–	4.51	%
2016 debt issuances of $24.9 billion:
Floating-rate notes	2019	–	2021	1,350			1.45%	–	2.44	%	1,350			0.91%	–	1.95	%
Fixed-rate 1.100% – 4.650% notes	2018	–	2046	23,645			1.13%	–	4.78	%	23,609			1.13%	–	4.58	%

	Maturities		2017						2016
(Continued)			Amount (in millions)			Effective Interest Rate			Amount (in millions)			Effective Interest Rate
Second quarter 2017 debt issuance of $10.0 billion:
Floating-rate notes		2019	500				1.39	%	—				—	%
Floating-rate notes		2020	500				1.51	%	—				—	%
Floating-rate notes		2022	1,000				1.81	%	—				—	%
Fixed-rate 1.550% notes		2019	500				1.59	%	—				—	%
Fixed-rate 1.900% notes		2020	1,000				1.51	%	—				—	%
Fixed-rate 2.500% notes		2022	1,500				1.80	%	—				—	%
Fixed-rate 3.000% notes		2024	1,750				2.11	%	—				—	%
Fixed-rate 3.350% notes		2027	2,250				2.25	%	—				—	%
Fixed-rate 4.250% notes		2047	1,000				4.26	%	—				—	%
Second quarter 2017 debt issuance of $1.0 billion:
Fixed-rate 4.300% notes		2047	1,000				4.30	%	—				—	%
Third quarter 2017 debt issuance of $7.0 billion:
Floating-rate notes		2020	500				1.38	%	—				—	%
Floating-rate notes		2022	750				1.66	%	—				—	%
Fixed-rate 1.800% notes		2020	1,000				1.84	%	—				—	%
Fixed-rate 2.300% notes		2022	1,000				2.34	%	—				—	%
Fixed-rate 2.850% notes		2024	1,750				2.25	%	—				—	%
Fixed-rate 3.200% notes		2027	2,000				2.43	%	—				—	%
Third quarter 2017 euro-denominated debt issuance of €2.5 billion:
Fixed-rate 0.875% notes		2025	1,469				3.03	%	—				—	%
Fixed-rate 1.375% notes		2029	1,469				3.37	%	—				—	%
Third quarter 2017 debt issuance of $1.0 billion:
Fixed-rate 3.000% notes		2027	1,000				3.03	%	—				—	%
Fourth quarter 2017 Canadian dollar-denominated debt issuance of C$2.5 billion:
Fixed-rate 2.513% notes		2024	2,017				2.66	%	—				—	%
Fourth quarter 2017 debt issuance of $5.0 billion:
Fixed-rate 1.500% notes		2019	1,000				1.54	%	—				—	%
Fixed-rate 2.100% notes		2022	1,000				1.92	%	—				—	%
Fixed-rate 2.900% notes		2027	2,000				2.55	%	—				—	%
Fixed-rate 3.750% notes		2047	1,000				3.78	%	—				—	%
Total term debt			104,021						78,384
Unamortized premium/(discount) and issuance costs, net			(225		)				(174		)
Hedge accounting fair value adjustments			(93		)				717
Less: Current portion of long-term debt			(6,496		)				(3,500		)
Total long-term debt			$	97,207					$	75,427

Future Principal Payments for Notes

The future principal payments for the Company’s Notes as of September 30, 2017 are as follows (in millions):

2018	$	6,500
2019	8,863
2020	9,220
2021	7,750
2022	10,297
Thereafter	61,391
Total term debt	$	104,021