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

3 Months Ended

Dec. 28, 2024

Reconciliation of Cash, Cash Equivalents and Restricted Cash

The following table provides a reconciliation of cash, cash equivalents and restricted cash reported in the Condensed Consolidated Balance Sheets to the total of the amounts reported in the Condensed Consolidated Statements of Cash Flows.

	December 28, 2024		September 28, 2024
Cash and cash equivalents	$	5,486	$	6,002
Restricted cash included in other assets	96		100
Total cash, cash equivalents and restricted cash in the statement of cash flows	$	5,582	$	6,102

Borrowing Activity

During the quarter ended December 28, 2024, the Company’s borrowing activity was as follows: 

	September 28, 2024		Borrowings		Payments		Other Activity		December 28, 2024
Commercial paper with original maturities less than three months(1)	$	727	$	1,283	$	—	$	4	$	2,014
Commercial paper with original maturities greater than three months	2,313		49		(1,501)		(19)		842
U.S. dollar denominated borrowings	40,496		1,057		—		(70)		41,483
Asia Theme Parks borrowings	1,292		—		(26)		(107)		1,159
Foreign currency denominated borrowings and other(2)	987		—		(925)		(252)		(190)
	$	45,815	$	2,389	$	(2,452)	$	(444)	$	45,308

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

(2)The other activity is attributable to market value adjustments for debt with qualifying hedges.

Line of Credit Facilities

At December 28, 2024, 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 February 2025	$	5,250	$	—	$	5,250
Facility expiring March 2027	4,000		—		4,000
Facility expiring March 2029	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 9) are reported net in the Condensed Consolidated Statements of Income and consist of the following:

	Quarter Ended
	December 28, 2024		December 30, 2023
Interest expense	$	(487)	$	(528)
Interest and investment income	54		182
Net periodic pension and postretirement benefit costs (other than service costs)	66		100
Interest expense, net	$	(367)	$	(246)