Debt

In June 2015, we issued additional long-term debt in an underwritten registered public offering, which consisted of $500 million of 7-year 2.700% Senior Notes (the "2022 notes") due June 2022, and $350 million of 30-year 4.300% Senior Notes (the "2045 notes") due June 2045. Interest on the 2022 and 2045 notes is payable semi-annually on June 15 and December 15 of each year, commencing on December 15, 2015. We used a portion of the proceeds from the 2022 and 2045 notes to redeem our $550 million of 6.250% Senior Notes (the "2017 notes") that were originally scheduled to mature in August 2017. The redemption process commenced in the third quarter of fiscal 2015 and settled in the fourth quarter of fiscal 2015 (see further discussion at Note 12, Subsequent Event). As of June 28, 2015, the $550 million of 2017 notes are presented as current portion of long-term debt on our consolidated balance sheets.

Components of long-term debt including the associated interest rates and related estimated fair values (in millions, except interest rates):



	Jun 28, 2015				Sep 28, 2014				Stated Interest Rate		Effective Interest Rate ⁽¹⁾
Issuance	Face Value		Estimated Fair Value		Face Value		Estimated Fair Value		Stated Interest Rate		Effective Interest Rate ⁽¹⁾
2016 notes	$	400.0	$	400	$	400.0	$	400	0.875	%	0.941	%
2017 notes	550.0		609		550.0		625		6.250	%	6.292	%
2018 notes	350.0		354		350.0		353		2.000	%	2.012	%
2022 notes	500.0		495		—		—		2.700	%	2.819	%
2023 notes	750.0		789		750.0		786		3.850	%	2.860	%
2045 notes	350.0		345		—		—		4.300	%	4.348	%
Total	2,900.0		2,992		2,050.0		2,164
Aggregate unamortized discount	2.8				1.7
Total	$	2,897.2			$	2,048.3


⁽¹⁾	Includes the effects of the amortization of any premium or discount and any gain or loss upon settlement of related treasury locks or forward-starting interest rate swaps utilized to hedge the interest rate risk prior to the debt issuance.

The indentures under which the above notes were issued require us to maintain compliance with certain covenants, including limits on future liens and sale and leaseback transactions on certain material properties. As of June 28, 2015, we were in compliance with all applicable covenants.