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Equity
 3 Months Ended 12 Months Ended
Dec. 29, 2018
Sep. 29, 2018
Equity [Abstract]    
Equity
Equity
The Company paid the following dividends in fiscal 2019 and 2018:
Per Share
 
Total Paid
 
Payment Timing
 
Related to Fiscal Period
$0.88
$1.3 billion
Second quarter of Fiscal 2019
Second Half of 2018
$0.84
$1.2 billion
Fourth Quarter of Fiscal 2018
First Half of 2018
$0.84
$1.3 billion
Second Quarter of Fiscal 2018
Second Half of 2017
$0.78
$1.2 billion
Fourth Quarter of Fiscal 2017
First Half of 2017

During the quarter ended December 29, 2018, the Company did not purchase any of its common stock to hold as treasury shares. As of December 29, 2018, the Company had remaining authorization in place to repurchase approximately 158 million shares of common stock. The repurchase program does not have an expiration date.
As of September 29, 2018 and December 29, 2018 the Company had 100 million preferred series A shares authorized with a $0.01 par value, of which none are issued. As of September 29, 2018, the Company had 40 thousand preferred series B shares authorized with $0.01 par value, which were canceled during the quarter ended December 29, 2018.
The following tables summarize the changes in each component of accumulated other comprehensive income (loss) (AOCI) including our proportional share of equity method investee amounts:
 
 
 
 
 
Unrecognized
Pension and 
Postretirement
Medical 
Expense
 
Foreign
Currency
Translation
and Other
 
AOCI
 
Market Value Adjustments
 
AOCI, before tax
Investments
 
Cash Flow Hedges
 
First quarter of fiscal 2019
 
 
 
 
 
 
 
 
 
Balance at September 29, 2018
$
24

 
$
177

 
$
(4,323
)
 
$
(727
)
 
$
(4,849
)
Quarter Ended December 29, 2018:
 
 
 
 
 
 
 
 


Unrealized gains (losses) arising during the period
—

 
27

 
—

 
(16
)
 
11

Reclassifications of realized net (gains) losses to net income
—

 
(39
)
 
69

 
—

 
30

Reclassifications to retained earnings
(24
)
 
1

 
—

 
—

 
(23
)
Balance at December 29, 2018
$
—

 
$
166

 
$
(4,254
)
 
$
(743
)
 
$
(4,831
)
 
 
 
 
 
 
 
 
 
 
First quarter of fiscal 2018
 
 
 
 
 
 
 
 
 
Balance at September 30, 2017
$
15

 
$
(108
)
 
$
(4,906
)
 
$
(523
)
 
$
(5,522
)
Quarter Ended December 30, 2017:
 
 
 
 
 
 
 
 
 
Unrealized gains (losses) arising during the period
(1
)
 
19

 
—

 
62

 
80

Reclassifications of realized net (gains) losses to net income
—

 
20

 
96

 
—

 
116

Balance at December 30, 2017
$
14

 
$
(69
)
 
$
(4,810
)
 
$
(461
)
 
$
(5,326
)
 
 
 
 
 
Unrecognized
Pension and 
Postretirement
Medical 
Expense
 
Foreign
Currency
Translation
and Other
 
AOCI
 
Market Value Adjustments
 
Tax on AOCI
Investments
 
Cash Flow Hedges
 
First quarter of fiscal 2019
 
 
 
 
 
 
 
 
 
Balance at September 29, 2018
$
(9
)
 
$
(32
)
 
$
1,690

 
$
103

 
$
1,752

Quarter Ended December 29, 2018:
 
 
 
 
 
 
 
 


Unrealized gains (losses) arising during the period
—

 
(6
)
 
—

 
(7
)
 
(13
)
Reclassifications of realized net (gains) losses to net income
—

 
9

 
(16
)
 
—

 
(7
)
Reclassifications to retained earnings
9

 
(9
)
 
(667
)
 
(16
)
 
(683
)
Balance at December 29, 2018
$
—

 
$
(38
)
 
$
1,007

 
$
80

 
$
1,049

 
 
 
 
 
 
 
 
 
 
First quarter of fiscal 2018
 
 
 
 
 
 
 
 
 
Balance at September 30, 2017
$
(7
)
 
$
46

 
$
1,839

 
$
116

 
$
1,994

Quarter Ended December 30, 2017:
 
 
 
 
 
 
 
 


Unrealized gains (losses) arising during the period
—

 
(13
)
 
—

 
(16
)
 
(29
)
Reclassifications of realized net (gains) losses to net income
—

 
(8
)
 
(35
)
 
—

 
(43
)
Balance at December 30, 2017
$
(7
)
 
$
25

 
$
1,804

 
$
100

 
$
1,922

 
 
 
 
 
Unrecognized
Pension and 
Postretirement
Medical 
Expense
 
Foreign
Currency
Translation
and Other
 
AOCI
 
Market Value Adjustments
 
AOCI, after tax
Investments
 
Cash Flow Hedges
 
First quarter of fiscal 2019
 
 
 
 
 
 
 
 
 
Balance at September 29, 2018
$
15

 
$
145

 
$
(2,633
)
 
$
(624
)
 
$
(3,097
)
Quarter Ended December 29, 2018:
 
 
 
 
 
 
 
 
 
Unrealized gains (losses) arising during the period
—

 
21

 
—

 
(23
)
 
(2
)
Reclassifications of realized net (gains) losses to net income
—

 
(30
)
 
53

 
—

 
23

Reclassifications to retained earnings (1)
(15
)
 
(8
)
 
(667
)
 
(16
)
 
(706
)
Balance at December 29, 2018
$
—

 
$
128

 
$
(3,247
)
 
$
(663
)
 
$
(3,782
)
 
 
 
 
 
 
 
 
 
 
First quarter of fiscal 2018
 
 
 
 
 
 
 
 
 
Balance at September 30, 2017
$
8

 
$
(62
)
 
$
(3,067
)
 
$
(407
)
 
$
(3,528
)
Quarter Ended December 30, 2017:
 
 
 
 
 
 
 
 
 
Unrealized gains (losses) arising during the period
(1
)
 
6

 
—

 
46

 
51

Reclassifications of realized net (gains) losses to net income
—

 
12

 
61

 
—

 
73

Balance at December 30, 2017
$
7

 
$
(44
)
 
$
(3,006
)
 
$
(361
)
 
$
(3,404
)
(1) 
On September 30, 2018, the Company adopted a FASB standard, Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income, and elected to reclassify $691 million from AOCI to retained earnings in the quarter ended December 29, 2018.
In addition, on September 30, 2018, the Company adopted a FASB standard, Recognition and Measurement of Financial Assets and Liabilities, and reclassified $24 million ($15 million after tax) of market value adjustments on investments previously recorded in AOCI to retained earnings.
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
 
 
December 29,
2018
 
December 30,
2017
Cash flow hedges
 
Primarily revenue
 
$
39

 
$
(20
)
Estimated tax
 
Income taxes
 
(9
)
 
8

 
 
 
 
30

 
(12
)
 
 
 
 
 
 
 
Pension and postretirement
  medical expense
 
Costs and expenses
 
—

 
(96
)
 
 
Interest expense, net
 
(69
)
 
—

Estimated tax
 
Income taxes
 
16

 
35

 
 
 
 
(53
)
 
(61
)
 
 
 
 
 
 
 
Total reclassifications for the period
 
 
 
$
(23
)
 
$
(73
)
Equity
The Company paid the following dividends in fiscal 2018, 2017 and 2016:
Per Share
 
Total Paid
 
Payment Timing
 
Related to Fiscal Period
$0.84
 
$1.2 billion
 
Fourth Quarter of Fiscal 2018
 
First Half 2018
$0.84
 
$1.3 billion
 
Second Quarter of Fiscal 2018
 
Second Half 2017
$0.78
 
$1.2 billion
 
Fourth Quarter of Fiscal 2017
 
First Half 2017
$0.78
 
$1.2 billion
 
Second Quarter of Fiscal 2017
 
Second Half 2016
$0.71
 
$1.1 billion
 
Fourth Quarter of Fiscal 2016
 
First Half 2016
$0.71
 
$1.2 billion
 
Second Quarter of Fiscal 2016
 
Second Half 2015

The Company repurchased its common stock in fiscal 2018, 2017 and 2016 as follows:
Fiscal year
 
Shares acquired
 
Total paid
2018
 
35 million
 
$3.6 billion
2017
 
89 million
 
$9.4 billion
2016
 
74 million
 
$7.5 billion

On January 30, 2015, the Company’s Board of Directors increased the amount of shares that can be repurchased to 400 million shares as of that date. As of September 29, 2018, the Company had remaining authorization in place to repurchase 158 million additional shares. The repurchase program does not have an expiration date.
In fiscal 2018 and 2017 there were 100 million preferred series A shares authorized with a $0.01 par value. In March 2018, the Company’s Board of Directors authorized 40 thousand preferred series B shares with $0.01 par value. There are no shares issued under the series A or series B preferred shares.
The following table summarizes the changes in each component of AOCI including our proportional share of equity method investee amounts: 
 
 
 
 
 
Unrecognized
Pension and 
Postretirement
Medical 
Expense
 
Foreign
Currency
Translation
and Other
 
AOCI
 
Market Value Adjustments
 
 
Investments
 
Cash Flow Hedges
 
AOCI, before tax
 
 
 
 
 
 
 
 


Balance at October 3, 2015
$
21

 
$
523

 
$
(4,002
)
 
$
(431
)
 
$
(3,889
)
Unrealized gains (losses) arising during the period
23

 
(297
)
 
(2,122
)
 
(90
)
 
(2,486
)
Reclassifications of realized net (gains) losses to net income
—

 
(264
)
 
265

 
—

 
1

Balance at October 1, 2016
$
44

 
$
(38
)
 
$
(5,859
)
 
$
(521
)
 
$
(6,374
)
Unrealized gains (losses) arising during the period
(2
)
 
124

 
521

 
(2
)
 
641

Reclassifications of net (gains) losses to net income
(27
)
 
(194
)
 
432

 
—

 
211

Balance at September 30, 2017
$
15

 
$
(108
)
 
$
(4,906
)
 
$
(523
)
 
$
(5,522
)
Unrealized gains (losses) arising during the period
9

 
250

 
203

 
(204
)
 
258

Reclassifications of net (gains) losses to net income
—

 
35

 
380

 
—

 
415

Balance at September 29, 2018
$
24

 
$
177

 
$
(4,323
)
 
$
(727
)
 
$
(4,849
)

 
 
 
 
 
Unrecognized
Pension and 
Postretirement
Medical 
Expense
 
Foreign
Currency
Translation
and Other
 
AOCI
 
Market Value Adjustments
 
 
Investments
 
Cash Flow Hedges
 
Tax on AOCI
 
 
 
 
 
 
 
 


Balance at October 3, 2015
$
(8
)
 
$
(189
)
 
$
1,505

 
$
160

 
$
1,468

Unrealized gains (losses) arising during the period
(10
)
 
104

 
801

 
32

 
927

Reclassifications of realized net (gains) losses to net income
—

 
98

 
(98
)
 
—

 
—

Balance at October 1, 2016
$
(18
)
 
$
13

 
$
2,208

 
$
192

 
$
2,395

Unrealized gains (losses) arising during the period
1

 
(39
)
 
(209
)
 
(76
)
 
(323
)
Reclassifications of net (gains) losses to net income
10

 
72

 
(160
)
 
—

 
(78
)
Balance at September 30, 2017
$
(7
)
 
$
46

 
$
1,839

 
$
116

 
$
1,994

Unrealized gains (losses) arising during the period
(2
)
 
(66
)
 
(47
)
 
(13
)
 
(128
)
Reclassifications of net (gains) losses to net income
—

 
(12
)
 
(102
)
 
—

 
(114
)
Balance at September 29, 2018
$
(9
)
 
$
(32
)
 
$
1,690

 
$
103

 
$
1,752

 
 
 
 
 
Unrecognized
Pension and 
Postretirement
Medical 
Expense
 
Foreign
Currency
Translation
and Other
 
AOCI
 
Market Value Adjustments
 
 
Investments
 
Cash Flow Hedges
 
AOCI, after tax
 
 
 
 
 
 
 
 


Balance at October 3, 2015
$
13

 
$
334

 
$
(2,497
)
 
$
(271
)
 
$
(2,421
)
Unrealized gains (losses) arising during the period
13

 
(193
)
 
(1,321
)
 
(58
)
 
(1,559
)
Reclassifications of realized net (gains) losses to net income
—

 
(166
)
 
167

 
—

 
1

Balance at October 1, 2016
$
26

 
$
(25
)
 
$
(3,651
)
 
$
(329
)
 
$
(3,979
)
Unrealized gains (losses) arising during the period
(1
)
 
85

 
312

 
(78
)
 
318

Reclassifications of net (gains) losses to net income
(17
)
 
(122
)
 
272

 
—

 
133

Balance at September 30, 2017
$
8

 
$
(62
)
 
$
(3,067
)
 
$
(407
)
 
$
(3,528
)
Unrealized gains (losses) arising during the period
7

 
184

 
156

 
(217
)
 
130

Reclassifications of net (gains) losses to net income
—

 
23

 
278

 
—

 
301

Balance at September 29, 2018
$
15

 
$
145

 
$
(2,633
)
 
$
(624
)
 
$
(3,097
)

Details about AOCI components reclassified to net income are as follows:
Gains/(losses) in net income:
 
Affected line item in the Consolidated Statements of Income:
 
2018
 
2017
 
2016
Investments, net
 
Interest expense, net
 
$
—

 
$
27

 
$
—

Estimated tax
 
Income taxes
 
—

 
(10
)
 
—

 
 
 
 
—

 
17

 
—

 
 
 
 
 
 
 
 
 
Cash flow hedges
 
Primarily revenue
 
(35
)
 
194

 
264

Estimated tax
 
Income taxes
 
12

 
(72
)
 
(98
)
 
 
 
 
(23
)
 
122

 
166

 
 
 
 
 
 
 
 
 
Pension and postretirement medical expense
 
Cost and expenses
 
(380
)
 
(432
)
 
(265
)
Estimated tax
 
Income taxes
 
102

 
160

 
98

 
 
 
 
(278
)
 
(272
)
 
(167
)
 
 
 
 
 
 
 
 
 
Total reclassifications for the period
 
 
 
$
(301
)
 
$
(133
)
 
$
(1
)