XML 25 R32.htm IDEA: XBRL DOCUMENT

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

6 Months Ended

Mar. 28, 2020

Schedule of Cash Flow, Supplemental Disclosures

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.


	March 28, 2020		September 28, 2019
Cash and cash equivalents	$	14,339	$	5,418
Restricted cash included in:
Other current assets	1		26
Other assets	38		11

Total cash, cash equivalents and restricted cash in the statement of cash flows	$	14,378	$	5,455

Borrowing Activity

During the six months ended March 28, 2020, the Company’s borrowing activity was as follows:


	September 28, 2019		Borrowings		Payments		Other Activity		March 28, 2020
Commercial paper with original maturities less than three months⁽¹⁾	$	1,934	$	1,598	$	—	$	(11)	$	3,521
Commercial paper with original maturities greater than three months	3,408		5,920		(4,380)		14		4,962
U.S. dollar denominated notes	39,424		5,981		(1,008)		(108)		44,289


Asia Theme Parks borrowings	1,114		39		—		32		1,185
Foreign currency denominated debt and other⁽²⁾	1,106		51		(40)		372		1,489
	$	46,986	$	13,589	$	(5,428)	$	299	$	55,446

⁽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.

Line of Credit Facilities

The Company has bank facilities with a syndicate of lenders to support commercial paper borrowings. In March 2020, the Company refinanced two bank facilities with previously committed capacity of $6.0 billion and $2.25 billion, which were scheduled to expire in March 2020 and March 2021, respectively. The new bank facilities are for $5.25 billion and $3.0 billion and are scheduled to expire in March 2021 and 2025, respectively. At March 28, 2020, the Company’s bank facilities were as follows:


	Committed Capacity		Capacity Used		Unused Capacity
Facility expiring March 2021	$	5,250	$	—	$	5,250
Facility expiring March 2023	4,000		—		4,000
Facility expiring March 2025	3,000		—		3,000
Total	$	12,250	$	—	$	12,250

Interest Expense, net

Interest expense (net of amounts capitalized), interest and investment income, and net periodic pension and postretirement benefit costs (other than service costs) (see Note 10) are reported net in the Condensed Consolidated Statements of Income and consist of the following:


	Quarter Ended						Six Months Ended
	March 28, 2020		March 30, 2019		March 28, 2020		March 30, 2019
Interest expense	$	(365)	$	(198)	$	(727)	$	(361)
Interest and investment income	63		30		139		105
Net periodic pension and postretirement benefit costs (other than service costs)	2		25		5		50
Interest expense, net	$	(300)	$	(143)	$	(583)	$	(206)