Borrowings (Tables)

12 Months Ended

Oct. 02, 2021

Debt Disclosure [Abstract]

Borrowings including Impact of Interest Rate Swaps Designated as Hedges

The Company’s borrowings, including the impact of interest rate and cross-currency swaps, are summarized as follows:

					October 2, 2021
	Oct. 2, 2021		Oct. 3, 2020		Stated Interest Rate(1)	Pay Floating Interest rate and Cross- Currency Swaps(2)			Effective Interest Rate(3)	Swap Maturities
Commercial paper	$	1,992	$	2,023	—		$	—	0.31%
U.S. dollar denominated notes(4)	49,090		52,736		3.86%		13,125		3.08%	2022-2031
Foreign currency denominated debt	2,011		1,983		2.92%		2,016		2.83%	2027
Other(5)	(18)		583				—
	53,075		57,325		3.68%		15,141		2.96%
Asia Theme Parks borrowings	1,331		1,303		1.53%		—		5.32%
Total borrowings	54,406		58,628		3.63%		15,141		3.02%
Less current portion	5,866		5,711		2.23%		500		2.10%
Total long-term borrowings	$	48,540	$	52,917			$	14,641

(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 October 2, 2021; 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 October 2, 2021.

(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 discounts, costs and purchase accounting adjustments totaling a net premium of $2.1 billion and a net premium of $2.2 billion at October 2, 2021 and October 3, 2020, respectively.

(5)Includes market value adjustments for debt with qualifying hedges, which reduces borrowings by $99 million and increases borrowings by $509 million at October 2, 2021 and October 3, 2020, respectively.

Schedule of Commercial Paper

At October 2, 2021, the Company’s bank facilities, which are with a syndicate of lenders and support our commercial paper borrowings, were as follows:

	Committed Capacity		Capacity Used		Unused Capacity
Facility expiring March 2022	$	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

Commercial Paper Activity

Commercial paper activity is as follows:

	Commercial paper with original maturities less than three months, net(1)		Commercial paper with original maturities greater than three months		Total
Balance at Sept. 28, 2019	$	1,934	$	3,408	$	5,342
Additions	—		11,500		11,500
Payments	(1,961)		(12,893)		(14,854)
Other Activity	27		8		35
Balance at Oct. 3, 2020	$	—	$	2,023	$	2,023
Additions	—		2,221		2,221
Payments	—		(2,247)		(2,247)
Other Activity	—		(5)		(5)
Balance at Oct. 2, 2021	$	—	$	1,992	$	1,992

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

Total Borrowings Excluding Market Value Adjustments, Scheduled Maturities

The following table provides total borrowings, excluding market value adjustments and debt issuance premiums, discounts and costs, by scheduled maturity date as of October 2, 2021. The table also provides the estimated interest payments on these borrowings as of October 2, 2021 although actual future payments will differ for floating-rate borrowings:

	Borrowings
Fiscal Year:	Before  Asia Theme Parks Consolidation		Asia  Theme Parks		Total Borrowings		Interest(1)		Total Borrowings and Interest
2022	$	5,861	$	10	$	5,871	$	1,846	$	7,717
2023	1,241		25		1,266		1,804		3,070
2024	2,872		30		2,902		1,738		4,640
2025	3,685		35		3,720		1,728		5,448
2026	4,578		—		4,578		1,700		6,278
Thereafter	32,861		1,231		34,092		20,602		54,694
	$	51,098	$	1,331	$	52,429	$	29,418	$	81,847

(1) In 2023, the Company has the ability to call a debt instrument prior to its scheduled maturity, which if exercised by the Company would reduce future interest payments by $1.1 billion.