Debt (Tables)

12 Months Ended

Sep. 27, 2020

Debt Disclosure [Abstract]

Components of Long-Term Debt Including Associated Interest Rates and Related Fair Values

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

	Sep 27, 2020			Sep 29, 2019			Stated Interest Rate		Effective Interest Rate (1)
Issuance	Face Value		Estimated Fair Value	Face Value		Estimated Fair Value
November 2020 notes	$	500.0	501	$	500.0	501	2.200	%	2.228	%
February 2021 notes	500.0		502	500.0		500	2.100	%	2.293	%
February 2021 notes	250.0		251	250.0		250	2.100	%	1.600	%
May 2022 notes(5)	500.0		506	—		—	1.300	%	1.334	%
June 2022 notes	500.0		518	500.0		509	2.700	%	2.819	%
March 2023 notes	1,000.0		1,059	1,000.0		1,033	3.100	%	3.107	%
October 2023 notes(2)	750.0		818	750.0		798	3.850	%	2.859	%
March 2024 notes(3)	806.4		794	788.3		795	0.372	%	0.462	%
August 2025 notes	1,250.0		1,415	1,250.0		1,351	3.800	%	3.721	%
June 2026 notes	500.0		543	500.0		502	2.450	%	2.511	%
March 2027 notes(4)	500.0		529	—		—	2.000	%	2.058	%
March 2028 notes	600.0		680	600.0		644	3.500	%	3.529	%
November 2028 notes	750.0		886	750.0		837	4.000	%	3.958	%
August 2029 notes	1,000.0		1,147	1,000.0		1,080	3.550	%	3.840	%
March 2030 notes(4)	750.0		778	—		—	2.250	%	3.084	%
November 2030 notes(5)	1,250.0		1,326	—		—	2.550	%	2.582	%
June 2045 notes	350.0		412	350.0		390	4.300	%	4.348	%
December 2047 notes	500.0		547	500.0		518	3.750	%	3.765	%
November 2048 notes	1,000.0		1,223	1,000.0		1,160	4.500	%	4.504	%
August 2049 notes	1,000.0		1,216	1,000.0		1,165	4.450	%	4.447	%
March 2050 notes(4)	500.0		517	—		—	3.350	%	3.362	%
November 2050 notes(5)	1,250.0		1,332	—		—	3.500	%	3.528	%
Total	16,006.4		17,500	11,238.3		12,033
Aggregate debt issuance costs and unamortized premium/(discount), net	(132.5)			(83.1)
Hedge accounting fair value adjustment(2)	35.6			11.8
Total	$	15,909.5		$	11,167.0

(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.

(2)Amount includes the change in fair value due to changes in benchmark interest rates related to our October 2023 notes. Refer to Note 3, Derivative Financial Instruments, for additional information on our interest rate swap designated as a fair value hedge.

(3)Japanese yen-denominated long-term debt.

(4)Issued in March 2020.

(5)Issued in May 2020.

Long-Term Debt Maturities

The following table summarizes our long-term debt maturities as of September 27, 2020 by fiscal year (in millions):

Fiscal Year	Total
2021	$	1,250.0
2022	1,000.0
2023	1,000.0
2024	1,556.4
2025	1,250.0
Thereafter	9,950.0
Total	$	16,006.4