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Equity (Tables)
 12 Months Ended
Sep. 28, 2019
Equity [Abstract]  
Dividends Declared
The Company paid the following dividends in fiscal 2019, 2018 and 2017:
Per Share
 
Total Paid
 
Payment Timing
 
Related to Fiscal Period
$0.88
 
$1.6 billion
 
Fourth Quarter of Fiscal 2019
 
First Half 2019
$0.88
 
$1.3 billion
 
Second Quarter of Fiscal 2019
 
Second Half 2018
$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
Repurchases of Common Stock
The Company repurchased its common stock as follows:
Fiscal Year
 
Shares acquired
 
Total paid
2018
 
35 million
 
$3.6 billion
2017
 
89 million
 
$9.4 billion
Changes in Accumulated Other Comprehensive Income (Loss), Net of Tax
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 1, 2016
$
44

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

 
521

 
(2
)
 
641

Reclassifications of realized 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
)
Unrealized gains (losses) arising during the period
—

 
136

 
(3,457
)
 
(359
)
 
(3,680
)
Reclassifications of net (gains) losses to net income
—

 
(185
)
 
278

 
—

 
93

Reclassifications to retained earnings
(24
)
 
1

 
—

 
—

 
(23
)
Balance at September 28, 2019
$
—

 
$
129

 
$
(7,502
)
 
$
(1,086
)
 
$
(8,459
)
 
 
 
 
 
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 1, 2016
$
(18
)
 
$
13

 
$
2,208

 
$
192

 
$
2,395

Unrealized gains (losses) arising during the period
1

 
(39
)
 
(209
)
 
(76
)
 
(323
)
Reclassifications of realized 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

Unrealized gains (losses) arising during the period
(2
)
 
(29
)
 
797

 
28

 
794

Reclassifications of net (gains) losses to net income
—

 
43

 
(64
)
 
—

 
(21
)
Reclassifications to retained earnings
9

 
(9
)
 
(667
)
 
(16
)
 
(683
)
Balance at September 28, 2019
$
(2
)
 
$
(27
)
 
$
1,756

 
$
115

 
$
1,842

 
 
 
 
 
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 1, 2016
$
26

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

 
312

 
(78
)
 
318

Reclassifications of realized 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
)
Unrealized gains (losses) arising during the period
(2
)
 
107

 
(2,660
)
 
(331
)
 
(2,886
)
Reclassifications of net (gains) losses to net income
—

 
(142
)
 
214

 
—

 
72

Reclassifications to retained earnings (1)
(15
)
 
(8
)
 
(667
)
 
(16
)
 
(706
)
Balance at September 28, 2019
$
(2
)
 
$
102

 
$
(5,746
)
 
$
(971
)
 
$
(6,617
)

(1) 
At the beginning of fiscal 2019, the Company adopted new FASB accounting guidance, Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income, and reclassified $691 million from AOCI to retained earnings. In addition, at the beginning of fiscal 2019, the Company adopted new FASB accounting guidance, 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 of AOCI Reclassified to Net Income
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:
 
2019
 
2018
 
2017
Investments, net
 
Interest expense, net
 
$
—

 
$
—

 
$
27

Estimated tax
 
Income taxes
 
—

 
—

 
(10
)
 
 
 
 
—

 
—

 
17

 
 
 
 
 
 
 
 
 
Cash flow hedges
 
Primarily revenue
 
185

 
(35
)
 
194

Estimated tax
 
Income taxes
 
(43
)
 
12

 
(72
)
 
 
 
 
142

 
(23
)
 
122

 
 
 
 
 
 
 
 
 
Pension and postretirement medical expense
 
Cost and expenses
 
—

 
(380
)
 
(432
)
 
 
Interest expense, net
 
(278
)
 
—

 
—

Estimated tax
 
Income taxes
 
64

 
102

 
160

 
 
 
 
(214
)
 
(278
)
 
(272
)
 
 
 
 
 
 
 
 
 
Total reclassifications for the period
 
 
 
$
(72
)
 
$
(301
)
 
$
(133
)