Borrowings (Tables)

12 Months Ended

Oct. 01, 2022

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 1, 2022
	Oct. 1, 2022		Oct. 2, 2021		Stated Interest Rate(1)	Pay Floating Interest rate and Cross- Currency Swaps(2)			Effective Interest Rate(3)	Swap Maturities
Commercial paper	$	1,662	$	1,992	—		$	—	3.31%
U.S. dollar denominated notes(4)	45,091		49,090		4.03%		12,625		4.07%	2023-2031
Foreign currency denominated debt	1,844		2,011		2.92%		1,847		3.42%	2025-2027
Other(5)	(1,653)		(18)				—
	46,944		53,075		3.85%		14,472		4.02%
Asia Theme Parks borrowings	1,425		1,331		2.35%		—		6.11%
Total borrowings	48,369		54,406		3.94%		14,472		4.08%
Less current portion	3,070		5,866		3.65%		1,000		3.85%
Total long-term borrowings	$	45,299	$	48,540			$	13,472

(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 1, 2022; 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 1, 2022.

(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 $1.9 billion and $2.1 billion at October 1, 2022 and October 2, 2021, respectively.

(5)Includes market value adjustments for debt with qualifying hedges, which reduces borrowings by $1.7 billion and $0.1 billion at October 1, 2022 and October 2, 2021, respectively.

Schedule of Commercial Paper

At October 1, 2022, 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 2023	$	5,250	$	—	$	5,250
Facility expiring March 2025	3,000		—		3,000
Facility expiring March 2027	4,000		—		4,000
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 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
Additions	50		2,417		2,467
Payments	—		(2,801)		(2,801)
Other Activity	—		4		4
Balance at Oct. 1, 2022	$	50	$	1,612	$	1,662

(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 1, 2022. The table also provides the estimated interest payments on these borrowings as of October 1, 2022 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
2023	$	2,918	$	162	$	3,080	$	1,811	$	4,891
2024	2,872		—		2,872		1,748		4,620
2025	3,604		102		3,706		1,631		5,337
2026	4,578		—		4,578		1,533		6,111
2027	2,905		—		2,905		1,428		4,333
Thereafter	29,881		1,161		31,042		19,738		50,780
	$	46,758	$	1,425	$	48,183	$	27,889	$	76,072

(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.