XML 72 R16.htm IDEA: XBRL DOCUMENT v2.4.0.8
Equity
9 Months Ended
Jun. 28, 2014
Equity [Abstract]  
Equity
Equity
On December 4, 2013, the Company declared a $0.86 per share dividend ($1.5 billion) related to fiscal 2013 for shareholders of record on December 16, 2013, which was paid on January 16, 2014. The Company paid a $0.75 per share dividend ($1.3 billion) during the first quarter of fiscal 2013 related to fiscal 2012.
During the nine months ended June 28, 2014, the Company repurchased 68 million shares of its common stock for $5.1 billion. As of June 28, 2014, the Company had remaining authorization in place to repurchase 93 million additional shares. The repurchase program does not have an expiration date.

The following table summarizes the changes in each component of accumulated other comprehensive income (loss) (AOCI) including our proportional share of equity method investee amounts, net of 37% estimated tax:
 
 
 
 
 
Unrecognized
Pension and 
Postretirement
Medical 
Expense
 
Foreign
Currency
Translation
and Other
 
AOCI
 
Market Value Adjustments
 
 
Investments, net
 
Cash Flow Hedges
 
Balance at March 29, 2014
$
40

 
$
50

 
$
(1,207
)
 
$
(89
)
 
$
(1,206
)
Quarter Ended June 28, 2014:
 
 
 
 
 
 
 
 
 
Unrealized gains (losses) arising during the period
29

 
(24
)
 

 
19

 
24

Reclassifications of net (gains) losses to net income
(1
)
 
(10
)
 
24

 

 
13

Balance at June 28, 2014
$
68

 
$
16

 
$
(1,183
)
 
$
(70
)
 
$
(1,169
)
 
 
 
 
 
 
 
 
 
 
Balance at March 30, 2013
$
25

 
$
118

 
$
(3,094
)
 
$
(17
)
 
$
(2,968
)
Quarter Ended June 29, 2013:
 
 
 
 
 
 
 
 
 
Unrealized gains (losses) arising during the period
43

 
60

 

 
(69
)
 
34

Reclassifications of net (gains) losses to net income

 
(25
)
 
75

 

 
50

Balance at June 29, 2013
$
68

 
$
153

 
$
(3,019
)
 
$
(86
)
 
$
(2,884
)
 
 
 
 
 
 
 
 
 
 
Balance at September 28, 2013
$
95

 
$
83

 
$
(1,271
)
 
$
(94
)
 
$
(1,187
)
Nine Months Ended June 28, 2014:
 
 
 
 
 
 
 
 
 
Unrealized gains (losses) arising during the period
69

 
(26
)
 
15

 
24

 
82

Reclassifications of net (gains) losses to net income
(96
)
 
(41
)
 
73

 

 
(64
)
Balance at June 28, 2014
$
68

 
$
16

 
$
(1,183
)
 
$
(70
)
 
$
(1,169
)
 
 
 
 
 
 
 
 
 
 
Balance at September 29, 2012
$
3

 
$
(52
)
 
$
(3,234
)
 
$
17

 
$
(3,266
)
Nine Months Ended June 29, 2013:
 
 
 
 
 
 
 
 
 
Unrealized gains (losses) arising during the period
72

 
245

 
(6
)
 
(109
)
 
202

Reclassifications of net (gains) losses to net income
(7
)
 
(40
)
 
221

 
6

 
180

Balance at June 29, 2013
$
68

 
$
153

 
$
(3,019
)
 
$
(86
)
 
$
(2,884
)

Details about AOCI components reclassified to net income are as follows:
Gains/(losses) in net income:
 
Affected line item in the Condensed Consolidated Statements of Income:
 
Quarter Ended
 
Nine Months Ended
 
 
June 28,
2014
 
June 29,
2013
 
June 28,
2014
 
June 29,
2013
Investments, net
 
Interest income/(expense), net
 
$
2

 
$

 
$
153

 
$
11

Estimated tax
 
Income taxes
 
(1
)
 

 
(57
)
 
(4
)
 
 
 
 
1

 

 
96

 
7

 
 
 
 
 
 
 
 
 
 
 
Cash flow hedges
 
Primarily revenue
 
16

 
40

 
65

 
64

Estimated tax
 
Income taxes
 
(6
)
 
(15
)
 
(24
)
 
(24
)
 
 
 
 
10

 
25

 
41

 
40

 
 
 
 
 
 
 
 
 
 
 
Pension and postretirement medical expense
 
Primarily included in the computation of net periodic benefit cost (see Note 7)
 
(38
)
 
(119
)
 
(116
)
 
(350
)
Estimated tax
 
Income taxes
 
14

 
44

 
43

 
129

 
 
 
 
(24
)
 
(75
)
 
(73
)
 
(221
)
 
 
 
 
 
 
 
 
 
 
 
Foreign currency translation and other
 
Other income/(expense), net
 

 

 

 
(10
)
Estimated tax
 
Income taxes
 

 

 

 
4

 
 
 
 

 

 

 
(6
)
 
 
 
 
 
 
 
 
 
 
 
Total reclassifications for the period
 
 
 
$
(13
)
 
$
(50
)
 
$
64

 
$
(180
)

At June 28, 2014, the Company held available-for-sale investments in net unrecognized gain positions totaling $66 million and no investments in significant unrecognized loss positions. At September 28, 2013, the Company held available-for-sale investments in net unrecognized gain positions totaling $156 million and no investments in significant unrecognized loss positions.