XML 69 R57.htm IDEA: XBRL DOCUMENT v3.20.2
Financial Instruments (Details)
€ in Millions, $ in Millions
3 Months Ended 9 Months Ended 12 Months Ended
Jun. 26, 2020
USD ($)
Jun. 28, 2019
USD ($)
Jun. 26, 2020
USD ($)
Jun. 28, 2019
USD ($)
Sep. 27, 2019
USD ($)
Jun. 26, 2020
EUR (€)
Jun. 26, 2020
USD ($)
Sep. 27, 2019
EUR (€)
Sep. 27, 2019
USD ($)
Cash flow hedges | Cross-currency swap contracts                  
Financial Instruments                  
Notional amount | €           € 700   € 1,000  
Interest paid in foreign currency, fixed interest rate           3.50% 3.50%    
Interest received in U.S. dollars, weighted-average fixed interest rate           5.34% 5.34%    
Gains (losses) recorded in other comprehensive income (loss)   $ 10 $ 32 $ 42          
Gains (losses) excluded from the hedging relationship $ (14) (16) (19) 22          
Cash flow hedges | Forward starting interest rate swap contracts                  
Financial Instruments                  
Notional amount             $ 450   $ 350
Gains (losses) recorded in other comprehensive income (loss)   (12) (32) (18)          
Net investment hedges | Intercompany loans and external borrowings                  
Financial Instruments                  
Notional amount of non-derivative instruments 3,320       $ 3,374        
Foreign currency exchange gains (losses) on intercompany loans and external borrowings (52) (58) (60) 54          
Net investment hedges | Cross-currency swap contracts                  
Financial Instruments                  
Notional amount             $ 1,776   1,844
Interest paid in foreign currency, fixed interest rate           0.00% 0.00%    
Interest received in U.S. dollars, weighted-average fixed interest rate           2.56% 2.56%    
Gains (losses) on cross-currency swap contracts designated as hedges of net investment $ (25) $ (20) $ (3) $ 17          
Prepaid expenses and other current assets | Net investment hedges | Cross-currency swap contracts                  
Financial Instruments                  
Fair Value of Asset Positions             $ 16   27
Other assets | Cash flow hedges | Cross-currency swap contracts                  
Financial Instruments                  
Fair Value of Asset Positions             25   19
Other assets | Net investment hedges | Cross-currency swap contracts                  
Financial Instruments                  
Fair Value of Asset Positions             30   46
Accrued and other current liabilities | Net investment hedges | Cross-currency swap contracts                  
Financial Instruments                  
Fair Value of Liability Positions             3   2
Other liabilities | Cash flow hedges | Forward starting interest rate swap contracts                  
Financial Instruments                  
Fair Value of Liability Positions             66   34
Other liabilities | Net investment hedges | Cross-currency swap contracts                  
Financial Instruments                  
Fair Value of Liability Positions             $ 2   $ 1