Borrowings (Tables)

12 Months Ended

Oct. 01, 2016

Borrowings including Impact of Interest Rate Swaps Designated as Hedges

The Company’s borrowings at October 1, 2016 and October 3, 2015, including the impact of interest rate and cross-currency swaps, are summarized below:



					2016
	2016		2015		Stated Interest Rate ⁽¹⁾		Pay Floating Interest rate and Cross- Currency Swaps ⁽²⁾		Effective Interest Rate ⁽³⁾		Swap Maturities
Commercial paper	$	1,521	$	2,430	—		$	—	0.54	%
U.S. medium-term notes ⁽⁴⁾	16,827		13,873		2.80	%	8,275		2.58	%	2017-2026
Foreign currency denominated debt	448		447		4.88	%	249		4.83	%	2017
Capital Cities/ABC debt	107		108		8.75	%	—		6.01	%
Other ⁽⁵⁾	180		159				—
	19,083		17,017		2.66	%	8,524		2.49	%
International Theme Parks borrowings	1,087		319		1.92	%	—		4.30	%
Total borrowings	20,170		17,336		2.62	%	8,524		2.59	%
Less current portion	3,687		4,563		1.24	%	1,500		1.47	%
Total long-term borrowings	$	16,483	$	12,773			$	7,024


⁽¹⁾	The stated interest rate represents the weighted-average coupon rate for each category of borrowings. For floating rate borrowings, interest rates are the rates in effect at October 1, 2016; these rates are not necessarily an indication of future interest rates.


⁽²⁾	Amounts represent notional values of interest rate and cross-currency swaps outstanding as of October 1, 2016.


⁽³⁾	The effective interest rate includes the impact of existing and terminated interest rate and cross-currency swaps, purchase accounting adjustments and debt issuance premiums, discounts and costs.


⁽⁴⁾	Includes net debt issuance premiums, discounts and costs totaling $132 million and $88 million at October 1, 2016 and October 3, 2015, respectively.


⁽⁵⁾	Includes market value adjustments for debt with qualifying hedges totaling $146 million and $131 million at October 1, 2016 and October 3, 2015, respectively.

Schedule of Commercial Paper

The Company has bank facilities with a syndicate of lenders to support commercial paper borrowings as follows:



	Committed Capacity		Capacity Used		Unused Capacity
Facility expiring March 2017	$	1,500	$	—	$	1,500
Facility expiring March 2019	2,250		—		2,250
Facility expiring March 2021	2,250		—		2,250
Total	$	6,000	$	—	$	6,000

Commercial Paper Activity

Commercial paper activity is as follows:



	Commercial paper with original maturities less than three months, net⁽¹⁾			Commercial paper with original maturities greater than three months			Total
Balance at Sept 27, 2014	$	50		$	—		$	50
Additions	2,277			3,019			5,296
Payments	—			(2,920		)	(2,920		)
Other Activity	3			1			4
Balance at Oct 3, 2015	$	2,330		$	100		$	2,430
Additions	—			4,794			4,794
Payments	(1,559		)	(4,155		)	(5,714		)
Other Activity	6			5			11
Balance at Oct 1, 2016	$	777		$	744		$	1,521

⁽¹⁾ Borrowings and reductions of borrowings are reported net.

Total Borrowings Excluding Market Value Adjustments, Scheduled Maturities

Total borrowings, excluding market value adjustments and debt issuance premiums, discounts and costs, have the following scheduled maturities:



	Before International Theme Parks Consolidation		International Theme Parks		Total
2017	$	3,686	$	—	$	3,686
2018	1,804		11		1,815
2019	2,759		—		2,759
2020	896		—		896
2021	2,100		17		2,117
Thereafter	7,824		1,059		8,883
	$	19,069	$	1,087	$	20,156