Borrowings (Tables)

12 Months Ended

Sep. 30, 2023

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:

					September 30, 2023
	Sep. 30, 2023		Oct. 1, 2022		Stated Interest Rate(1)	Pay Floating Interest rate and Cross- Currency Swaps(2)			Effective Interest Rate(3)	Swap Maturities
Commercial paper	$	1,476	$	1,662	—		$	—	5.62%
U.S. dollar denominated notes(4)	43,504		45,091		4.03%		11,625		4.90%	2024-2031
Foreign currency denominated debt	1,872		1,844		2.92%		1,878		4.99%	2025-2027
Other(5)	(1,729)		(1,653)				—
	45,123		46,944		3.85%		13,503		4.92%
Asia Theme Parks borrowings	1,308		1,425		1.86%		—		5.90%
Total borrowings	46,431		48,369		3.94%		13,503		4.95%
Less current portion	4,330		3,070		2.35%		—		5.12%
Total long-term borrowings	$	42,101	$	45,299			$	13,503

(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 30, 2023; 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 30, 2023.

(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 $1.8 billion and $1.9 billion at September 30, 2023 and October 1, 2022, respectively.

(5)Includes market value adjustments for debt with qualifying hedges, which reduces borrowings by $1.8 billion and $1.7 billion at September 30, 2023 and October 1, 2022, respectively.

Schedule of Commercial Paper

At September 30, 2023, 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 2024	$	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. 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
Additions	238		3,603		3,841
Payments	—		(4,032)		(4,032)
Other Activity	1		4		5
Balance at Sep. 30, 2023	$	289	$	1,187	$	1,476

(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 September 30, 2023. The table also provides the estimated interest payments on these borrowings as of September 30, 2023 although actual future payments will differ for floating-rate borrowings:

	Borrowings
Fiscal Year:	Before Asia Theme Parks Consolidation		Asia  Theme Parks		Total Borrowings		Interest		Total Borrowings and Interest
2024	$	4,369	$	13	$	4,382	$	1,733	$	6,115
2025	3,619		109		3,728		1,626		5,354
2026	4,578		—		4,578		1,616		6,194
2027	2,921		—		2,921		1,506		4,427
2028	1,599		—		1,599		1,502		3,101
Thereafter	28,018		1,186		29,204		16,935		46,139
	$	45,104	$	1,308	$	46,412	$	24,918	$	71,330

Interest Income and Interest Expense Disclosure

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 Consolidated Statements of Income and consist of the following:

	2023		2022		2021
Interest expense	$	(1,973)	$	(1,549)	$	(1,546)
Interest and investment income	424		90		307
Net periodic pension and postretirement benefit costs (other than service costs)	340		62		(167)
Interest expense, net	$	(1,209)	$	(1,397)	$	(1,406)