Cash, Cash Equivalents, Restricted Cash and Borrowings (Tables)

3 Months Ended

12 Months Ended

Dec. 29, 2018

Sep. 29, 2018

Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]

The following table provides a reconciliation of cash, cash equivalents and restricted cash reported in the Condensed Consolidated Balance Sheet to the total of the amounts reported in the Condensed Consolidated Statements of Cash Flows.



	December 29, 2018		September 29, 2018
Cash and cash equivalents	$	4,455	$	4,150
Restricted cash included in:
Other current assets	4		1
Other assets	4		4
Total cash, cash equivalents and restricted cash in the statement of cash flows	$	4,463	$	4,155

Borrowing Activity

During the quarter ended December 29, 2018, the Company’s borrowing activity was as follows:



	September 29, 2018		Borrowings		Payments			Other Activity			December 29, 2018
Commercial paper with original maturities less than three months⁽¹⁾	$	50	$	548	$	—		$	1		$	599
Commercial paper with original maturities greater than three months	955		99		(950		)	(4		)	100
U.S. and European medium-term notes	17,942		—		—			5			17,947
Asia Theme Parks borrowings	1,145		—		—			15			1,160
Foreign currency denominated debt and other⁽²⁾	782		1		—			76			859
Total	$	20,874	$	648	$	(950	)	$	93		$	20,665


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


⁽²⁾	The other activity is due to market value adjustments for debt with qualifying hedges, partially offset by the impact of changes in foreign currency exchange rates.

The Company’s borrowings at September 29, 2018 and September 30, 2017, including the impact of interest rate and cross-currency swaps, are summarized below:



							2018
	2018			2017			Stated Interest Rate ⁽¹⁾		Pay Floating Interest rate and Cross- Currency Swaps ⁽²⁾		Effective Interest Rate ⁽³⁾		Swap Maturities
Commercial paper	$	1,005		$	2,772		—		$	—	2.24	%
U.S. and European medium-term notes ⁽⁴⁾	17,942			19,721			2.91	%	6,600		3.27	%	2019-2027
Foreign currency denominated debt	955			13			2.76	%	955		2.92	%	2025
Capital Cities/ABC debt	103			105			8.75	%	—		5.99	%
BAMTech acquisition payable	—			1,581			—	%	—		—	%
Other ⁽⁵⁾	(276		)	(46		)			—
	19,729			24,146			2.79	%	7,555		3.22	%
Asia Theme Parks borrowings	1,145			1,145			1.33	%	—		5.17	%
Total borrowings	20,874			25,291			2.71	%	7,555		3.32	%
Less current portion	3,790			6,172			1.85	%	1,600		2.94	%
Total long-term borrowings	$	17,084		$	19,119				$	5,955


⁽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 September 29, 2018; 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 September 29, 2018.


⁽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 $121 million and $138 million at September 29, 2018 and September 30, 2017, respectively.

⁽⁵⁾

Includes market value adjustments for debt with qualifying hedges, which reduce borrowings by $304 million and $73 million at September 29, 2018 and September 30, 2017, respectively.

Line of Credit Facilities

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 2020	$	6,000	$	—	$	6,000
Facility expiring March 2021	2,250		—		2,250
Facility expiring March 2023	4,000		—		4,000
Total	$	12,250	$	—	$	12,250

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 2019	$	6,000	$	—	$	6,000
Facility expiring March 2021	2,250		—		2,250
Facility expiring March 2023	4,000		—		4,000
Total	$	12,250	$	—	$	12,250

Interest Expense, net

Interest expense, interest and investment income, and net periodic pension and postretirement benefit costs (other than service costs) (see Note 8) are reported net in the Condensed Consolidated Statements of Income and consist of the following (net of capitalized interest):



	Quarter Ended
	December 29, 2018			December 30, 2017
Interest expense	$	(163	)	$	(146	)
Interest and investment income	75			17
Net periodic pension and postretirement benefit costs (other than service costs)	25			—
Interest expense, net	$	(63	)	$	(129	)