Debt Obligations and Commitments

3 Months Ended

Mar. 19, 2016

Debt Obligations and Commitments [Abstract]

In the first quarter of 2016, we issued the following senior notes:



Interest Rate		Maturity Date	Amount
Floating rate		February 2019	$	400
1.500	%	February 2019	600
2.850	%	February 2026	750
4.450	%	April 2046	750
			$	2,500	^(a)


(a)	Represents gross proceeds from issuances of long-term debt excluding debt issuance costs, discounts and premiums.

The net proceeds from the issuances of the above notes were used for general corporate purposes, including the repayment of commercial paper.

In the 12 weeks ended March 19, 2016, $1.3 billion of senior notes matured and were paid.

As of March 19, 2016, we had $1.2 billion of commercial paper outstanding and $2.6 billion of non-cancelable purchase commitments. For further information on our long-term contractual commitments, see Note 9 to our consolidated financial statements in our Annual Report on Form 10-K for the fiscal year ended December 26, 2015.