Debt (Tables)

9 Months Ended

Jun. 29, 2019

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 the nine months ended June 29, 2019 and June 30, 2018 (in millions):

	Nine Months Ended
	June 29, 2019			June 30, 2018
Maturities 90 days or less:
Proceeds from/(Repayments of) commercial paper, net	$	(3,720	)	$	2,619
Maturities greater than 90 days:
Proceeds from commercial paper	12,977			9,782
Repayments of commercial paper	(11,283		)	(12,411		)
Proceeds from/(Repayments of) commercial paper, net	1,694			(2,629		)
Total repayments of commercial paper, net	$	(2,026	)	$	(10	)

Summary of Term Debt

The following table provides a summary of the Company’s term debt as of June 29, 2019 and September 29, 2018:

	Maturities (calendar year)			June 29, 2019								September 29, 2018
				Amount (in millions)			Effective Interest Rate					Amount (in millions)			Effective Interest Rate
2013 debt issuance of $17.0 billion:
Fixed-rate 2.400% – 3.850% notes	2023	–	2043	$	8,500			2.44%	–	3.91	%	$	8,500			2.44%	–	3.91	%
2014 debt issuance of $12.0 billion:
Floating-rate notes			—	—						—	%	1,000						2.64	%
Fixed-rate 2.850% – 4.450% notes	2021	–	2044	6,500				3.12%	–	4.48	%	8,500				2.64%	–	4.48	%
2015 debt issuances of $27.3 billion:
Floating-rate notes	2019	–	2020	1,488				1.87%	–	2.84	%	1,507				1.87%	–	2.64	%
Fixed-rate 0.350% – 4.375% notes	2019	–	2045	24,223				0.28%	–	4.51	%	24,410				0.28%	–	4.51	%
2016 debt issuances of $24.9 billion:
Floating-rate notes	2019	–	2021	850				2.71%	–	3.65	%	1,350				2.48%	–	3.44	%
Fixed-rate 1.100% – 4.650% notes	2019	–	2046	22,022				1.13%	–	4.78	%	23,059				1.13%	–	4.78	%
2017 debt issuances of $28.7 billion:
Floating-rate notes	2020	–	2022	2,750				2.61%	–	3.06	%	3,250				2.41%	–	2.84	%
Fixed-rate 0.875% – 4.300% notes	2019	–	2047	24,989				1.54%	–	4.30	%	25,617				1.54%	–	4.30	%
2018 debt issuance of $7.0 billion:
Fixed-rate 1.800% – 3.750% notes	2019	–	2047	7,000				1.83%	–	3.80	%	7,000				1.83%	–	3.80	%
Total term debt				98,322								104,193
Unamortized premium/(discount) and issuance costs, net				(194		)						(218		)
Hedge accounting fair value adjustments				337								(1,456		)
Less: Current portion of term debt				(13,529		)						(8,784		)
Total non-current portion of term debt				$	84,936							$	93,735