Debt (Tables)

12 Months Ended

Oct. 03, 2021

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):


	Oct 3, 2021			Sep 27, 2020			Stated Interest Rate		Effective Interest Rate (1)
Issuance	Face Value		Estimated Fair Value	Face Value		Estimated Fair Value
November 2020 notes(2)	$	—	—	$	500.0	501.5	2.200	%	2.228	%
February 2021 notes(2)	—		—	500.0		502.3	2.100	%	2.293	%
February 2021 notes(2)	—		—	250.0		251.1	2.100	%	1.600	%
May 2022 notes	500.0		503.1	500.0		506.5	1.300	%	1.334	%
June 2022 notes	500.0		506.7	500.0		517.5	2.700	%	2.819	%
March 2023 notes	1,000.0		1,035.9	1,000.0		1,058.8	3.100	%	3.107	%
October 2023 notes(3)	750.0		794.8	750.0		817.5	3.850	%	2.859	%
March 2024 notes(4)	763.8		761.0	806.4		794.4	0.372	%	0.462	%
August 2025 notes	1,250.0		1,371.5	1,250.0		1,414.5	3.800	%	3.721	%
June 2026 notes	500.0		526.4	500.0		542.6	2.450	%	2.511	%
March 2027 notes	500.0		513.0	500.0		528.9	2.000	%	2.058	%
March 2028 notes	600.0		663.2	600.0		679.5	3.500	%	3.529	%
November 2028 notes	750.0		855.9	750.0		886.0	4.000	%	3.958	%
August 2029 notes	1,000.0		1,109.9	1,000.0		1,147.1	3.550	%	3.840	%
March 2030 notes	750.0		758.6	750.0		778.0	2.250	%	3.084	%
November 2030 notes	1,250.0		1,286.9	1,250.0		1,325.9	2.550	%	2.582	%
June 2045 notes	350.0		414.1	350.0		412.4	4.300	%	4.348	%
December 2047 notes	500.0		556.5	500.0		546.6	3.750	%	3.765	%
November 2048 notes	1,000.0		1,248.6	1,000.0		1,222.8	4.500	%	4.504	%
August 2049 notes	1,000.0		1,241.0	1,000.0		1,215.5	4.450	%	4.447	%
March 2050 notes	500.0		527.5	500.0		517.1	3.350	%	3.362	%
November 2050 notes	1,250.0		1,339.5	1,250.0		1,332.2	3.500	%	3.528	%
Total	14,713.8		16,014.1	16,006.4		17,498.7
Aggregate debt issuance costs and unamortized premium/(discount), net	(119.7)			(132.5)
Hedge accounting fair value adjustment(3)	21.7			35.6
Total	$	14,615.8		$	15,909.5

(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)November 2020 and February 2021 notes were repaid in the first and second quarters of fiscal 2021, respectively.

(3)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.

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

Long-Term Debt Maturities

The following table summarizes our long-term debt maturities as of October 3, 2021 by fiscal year (in millions):


Fiscal Year	Total
2022	$	1,000.0
2023	1,000.0
2024	1,513.8
2025	1,250.0
2026	500.0
Thereafter	9,450.0
Total	$	14,713.8