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Pension and Other Benefit Programs (Tables)
 12 Months Ended
Oct. 03, 2015
Compensation and Retirement Disclosure [Abstract]  
Benefit Obligations, Assets, Funded Status and Balance Sheet Impacts Associated with Pension and Postretirement Medical Benefit Plans based upon Actuarial Valuations
The following chart summarizes the benefit obligations, assets, funded status and balance sheet impacts associated with the defined benefit pension and postretirement medical benefit plans: 
 
Pension Plans
 
Postretirement Medical Plans
 
October 3, 2015
 
September 27, 2014
 
October 3, 2015
 
September 27,
2014
Projected benefit obligations
 
 
 
 
 
 
 
Beginning obligations
$
(12,190
)
 
$
(10,066
)
 
$
(1,567
)
 
$
(1,325
)
Service cost
(332
)
 
(277
)
 
(14
)
 
(10
)
Interest cost
(521
)
 
(488
)
 
(68
)
 
(65
)
Actuarial gain / (loss)
(176
)
 
(1,643
)
 
33

 
(202
)
Plan amendments and other
28

 
(22
)
 
(9
)
 
(9
)
Benefits paid(1)
812

 
306

 
35

 
44

Ending obligations
$
(12,379
)
 
$
(12,190
)
 
$
(1,590
)
 
$
(1,567
)
Fair value of plans’ assets
 
 
 
 
 
 
 
Beginning fair value
$
9,765

 
$
8,965

 
$
538

 
$
508

Actual return on plan assets
163

 
883

 
9

 
49

Contributions
337

 
258

 
48

 
17

Benefits paid(1)
(812
)
 
(306
)
 
(35
)
 
(44
)
Expenses and other
(38
)
 
(35
)
 
8

 
8

Ending fair value
$
9,415

 
$
9,765

 
$
568

 
$
538

 
 
 
 
 
 
 
 
Underfunded status of the plans
$
(2,964
)
 
$
(2,425
)
 
$
(1,022
)
 
$
(1,029
)
Amounts recognized in the balance sheet
 
 
 
 
 
 
 
Non-current assets
$
3

 
$
70

 
$
—

 
$
—

Current liabilities
(36
)
 
(29
)
 
(13
)
 
(14
)
Non-current liabilities
(2,931
)
 
(2,466
)
 
(1,009
)
 
(1,015
)
 
$
(2,964
)
 
$
(2,425
)
 
$
(1,022
)
 
$
(1,029
)


(1) 
Fiscal 2015 pension plans include $340 million of payments under a plan offered for a limited time to certain former employees who have vested benefits in our qualified defined benefit pension plans. These employees elected to receive an immediate lump-sum distribution in lieu of benefits they would have received following their retirement.
Net Periodic Benefit Cost
The components of net periodic benefit cost are as follows: 
 
Pension Plans
 
Postretirement Medical Plans
 
2015
 
2014
 
2013
 
2015
 
2014
 
2013
Service costs
$
332

 
$
277

 
$
349

 
$
14

 
$
10

 
$
18

Interest costs
521

 
488

 
433

 
68

 
65

 
66

Expected return on plan assets
(711
)
 
(645
)
 
(604
)
 
(39
)
 
(36
)
 
(30
)
Amortization of prior year service costs
16

 
14

 
10

 
(1
)
 
(2
)
 
(2
)
Recognized net actuarial loss / (gain)
247

 
145

 
418

 
10

 
(7
)
 
40

Net periodic benefit cost
$
405

 
$
279

 
$
606

 
$
52

 
$
30

 
$
92
Key Assumptions
Key assumptions are as follows:
 
 
 
 
 
 
 
 
 
 
 
 
Pension Plans
 
Postretirement Medical Plans
 
2015
 
2014
 
2013
 
2015
 
2014
 
2013
Discount rate
4.47
%
 
4.40
%
 
5.00
%
 
4.47
%
 
4.40
%
 
5.00
%
Rate of return on plan assets
7.50
%
 
7.50
%
 
7.50
%
 
7.50
%
 
7.50
%
 
7.50
%
Rate of salary increase
4.00
%
 
4.00
%
 
4.00
%
 
n/a

 
n/a

 
n/a    

Year 1 increase in cost of benefits
n/a

 
n/a

 
n/a    

 
7.00
%
 
7.00
%
 
7.25
%
Rate of increase to which the cost of benefits is assumed to decline (the ultimate trend rate)
n/a

 
n/a

 
n/a    

 
4.25
%
 
4.25
%
 
4.25
%
Year that the rate reaches the ultimate trend rate
n/a

 
n/a

 
n/a    

 
2029

 
2028

 
2027
Accumulated Other Comprehensive Loss, Before Tax, Not yet Recognized in Net Periodic Benefit Cost
AOCI, before tax, as of October 3, 2015 consists of the following amounts that have not yet been recognized in net periodic benefit cost:
 
Pension Plans
 
Postretirement
Medical Plans
 
Total
Prior service (cost) / credit
$
(68
)
 
$
1

 
$
(67
)
Net actuarial loss
(3,759
)
 
(115
)
 
(3,874
)
Total amounts included in AOCI
(3,827
)
 
(114
)
 
(3,941
)
Prepaid / (accrued) pension cost
863

 
(908
)
 
(45
)
Net balance sheet liability
$
(2,964
)
 
$
(1,022
)
 
$
(3,986
)
Amounts included in Accumulated Other Comprehensive Loss, Before Tax, Expected to be Recognized as Components of Net Periodic Benefit Cost
Amounts included in AOCI, before tax, as of October 3, 2015 that are expected to be recognized as components of net periodic benefit cost during fiscal 2016 are:
 
Pension Plans
 
Postretirement Medical Plans
 
Total
Prior service (cost) / credit
$
(14
)
 
$
1

 
$
(13
)
Net actuarial loss
(242
)
 
(8
)
 
(250
)
Total
$
(256
)
 
$
(7
)
 
$
(263
)
Plan Assets Investment Policy Ranges for Major Asset Classes
The investment policy ranges for the major asset classes are as follows: 
Asset Class
 
Minimum
 
Maximum
 
 
 
 
 
Equity investments
 
30
%
 
60
%
Fixed income investments

20
%
 
40
%
Alternative investments

10
%
 
30
%
Cash & money market funds

—
%
 
10
%
Defined Benefit Plan Assets Measured at Fair Value
The Company’s defined benefit plan assets are summarized by level in the following tables: 
 
 
As of October 3, 2015
Description
 
Level 1
 
Level 2
 
Level 3
 
Total
 
Plan Asset Mix
 
 
 
 
 
 
 
 
 
 
 
Cash & money market funds
 
$
56

 
$
1,036

 
$
—

 
$
1,092

 
11
%
Common and preferred stocks(1)
 
2,000

 
883

 
—

 
2,883

 
29
%
Mutual funds
 
476

 
215

 
—

 
691

 
7
%
Common collective funds
 
13

 
476

 
—

 
489

 
5
%
Government and federal agency bonds, notes and MBS
 
1,090

 
483

 
—

 
1,573

 
16
%
Corporate bonds
 
—

 
671

 
—

 
671

 
7
%
Mortgage- and asset-backed securities
 
—

 
137

 
—

 
137

 
1
%
Alternative investments
 
80

 
952

 
1,200

 
2,232

 
22
%
Derivatives and other, net
 
212

 
3

 
—

 
215

 
2
%
Total
 
$
3,927

 
$
4,856

 
$
1,200

 
$
9,983

 
100
%
 
 
 
As of September 27, 2014
Description
 
Level 1
 
Level 2
 
Level 3
 
Total
 
Plan Asset Mix

 
 
 
 
 
 
 
 
 
 
Cash & money market funds
 
$
133

 
$
1,099

 
$
—

 
$
1,232

 
12
%
Common and preferred stocks(1)
 
2,800

 
656

 
—

 
3,456

 
34
%
Mutual funds
 
415

 
295

 
—

 
710

 
7
%
Common collective funds
 
18

 
421

 
—

 
439

 
4
%
Government and federal agency bonds, notes and MBS
 
993

 
616

 
—

 
1,609

 
16
%
Corporate bonds
 
—

 
694

 
—

 
694

 
7
%
Mortgage- and asset-backed securities
 
—

 
162

 
—

 
162

 
2
%
Alternative investments
 
90

 
515

 
1,266

 
1,871

 
18
%
Derivatives and other, net
 
121

 
9

 
—

 
130

 
1
%
Total
 
$
4,570

 
$
4,467

 
$
1,266

 
$
10,303

 
100
%
 
(1) 
Includes 2.8 million shares of Company common stock valued at $290 million (3% of total plan assets) and 2.9 million shares valued at $255 million (2% of total plan assets) at October 3, 2015 and September 27, 2014, respectively.
Changes in Level 3 Assets
Changes in Level 3 assets are as follows: 
 
 
Year Ended
 
 
October 3, 2015
 
September 27, 2014
Balance, beginning of year
 
$
1,266

 
$
1,278

Additions
 
168

 
169

Distributions
 
(332
)
 
(344
)
Gain / (Loss)
 
98

 
163

Balance, end of year
 
$
1,200

 
$
1,266
Estimated Future Benefit Payments
The following table presents estimated future benefit payments for the next ten fiscal years: 
 
Pension
Plans
 
Postretirement
Medical Plans(1)
2016
$
439

 
$
44

2017
441

 
47

2018
470

 
51

2019
501

 
56

2020
534

 
60

2021 – 2025
3,183

 
368

 
(1) 
Estimated future benefit payments are net of expected Medicare subsidy receipts of $68 million
Long Term Rates of Return by Asset Class
The following long-term rates of return by asset class were considered in setting the long-term rate of return on plan assets assumption: 
Equity Securities
7
%
to
11
%
Debt Securities
3
%
to
5
%
Alternative Investments
8
%
to
12
%
One Percentage Point (ppt) Change on Projected Benefit Obligations
A one percentage point (ppt) change in the key assumptions would have had the following effects on the projected benefit obligations for pension and postretirement medical plans as of October 3, 2015 and on cost for fiscal 2016: 
 
Discount Rate
 
Expected
Long-Term
Rate of Return
On Assets
 
Assumed Healthcare
Cost Trend Rate
Increase/(decrease)
Benefit
Expense
 
Projected Benefit Obligations
 
Benefit
Expense
 
Net Periodic Postretirement Medical Cost
 
Projected Benefit Obligations
1 ppt decrease
$
230

 
$
2,501

 
$
105

 
$
(32
)
 
$
(217
)
1 ppt increase
(223
)
 
(2,122
)
 
(105
)
 
29

 
269
Contribution into Multiemployer Pension Plans and Health and Welfare Plans
The following table sets forth our contributions to multiemployer pension and health and welfare benefit plans that were expensed during the fiscal years 2015, 2014 and 2013, respectively: 
 
2015
 
2014
 
2013
Pension plans
$
128

 
$
115

 
$
97

Health & welfare plans
173

 
158

 
147

Total contributions
$
301

 
$
273

 
$
244