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Debt
3 Months Ended
Dec. 31, 2022
Debt Disclosure [Abstract]  
Debt
Note 6—Debt
The Company had outstanding debt as follows:
December 31,
2022
September 30,
2022
Effective Interest Rate(1)
(in millions, except percentages)
U.S. dollar notes
2.80% Senior Notes due December 2022
$ $2,250 2.89 %
3.15% Senior Notes due December 2025
4,000 4,000 3.26 %
1.90% Senior Notes due April 2027
1,500 1,500 2.02 %
0.75% Senior Notes due August 2027
500 500 0.84 %
2.75% Senior Notes due September 2027
750 750 2.91 %
2.05% Senior Notes due April 2030
1,500 1,500 2.13 %
1.10% Senior Notes due February 2031
1,000 1,000 1.20 %
4.15% Senior Notes due December 2035
1,500 1,500 4.23 %
2.70% Senior Notes due April 2040
1,000 1,000 2.80 %
4.30% Senior Notes due December 2045
3,500 3,500 4.37 %
3.65% Senior Notes due September 2047
750 750 3.73 %
2.00% Senior Notes due August 2050
1,750 1,750 2.09 %
Euro notes
1.50% Senior Notes due June 2026
1,447 1,325 1.71 %
2.00% Senior Notes due June 2029
1,072 982 2.13 %
2.375% Senior Notes due June 2034
697 638 2.53 %
Total debt
20,966 22,945 
Unamortized discounts and debt issuance costs(171)(173)
Hedge accounting fair value adjustments(2)
(308)(322)
Total carrying value of debt
$20,487 $22,450 
Reported as:
Current maturities of debt$ $2,250 
Long-term debt20,487 20,200 
Total carrying value of debt
$20,487 $22,450 
(1)Effective interest rates disclosed do not reflect hedge accounting adjustments.
(2)Represents the fair value of interest rate swap agreements entered into on a portion of the outstanding senior notes.
Senior Notes
During the three months ended December 31, 2022, the Company repaid $2.25 billion of principal upon maturity of its senior notes due December 2022.
Non-derivative Financial Instrument Designated as a Net Investment Hedge
During the three months ended December 31, 2022, the Company designated €1.8 billion of the Euro-denominated fixed-rate senior notes (Euro Notes) issued in June 2022 as a hedge against a portion of the Company’s Euro-denominated net investment in Visa Europe. As of December 31, 2022, all of the €3.0 billion Euro Notes were designated as a net investment hedge.