Debt (Tables)

9 Months Ended

Jul. 01, 2017

Debt Disclosure [Abstract]

Summary of Cash Flows Associated With Issuance and Maturities of Commercial Paper

The following table provides a summary of cash flows associated with the issuance and maturities of Commercial Paper for the nine months endedJuly 1, 2017 and June 25, 2016 (in millions):

	Nine Months Ended
	July 1, 2017			June 25, 2016
Maturities less than 90 days:
Proceeds from/(Repayments of) commercial paper, net	$	(143	)	$	4,154
Maturities greater than 90 days:
Proceeds from commercial paper	12,633			1,846
Repayments of commercial paper	(8,624		)	(2,008		)
Proceeds from/(Repayments of) commercial paper, net	4,009			(162		)
Total change in commercial paper, net	$	3,866		$	3,992

Summary of Term Debt

The following table provides a summary of the Company’s term debt as of July 1, 2017 and September 24, 2016:

	Maturities			July 1, 2017								September 24, 2016
				Amount (in millions)			Effective Interest Rate					Amount (in millions)			Effective Interest Rate
2013 debt issuance of $17.0 billion:
Floating-rate notes	2018		2018	$	2,000			1.10%		1.10	%	$	2,000			1.10%		1.10	%
Fixed-rate 1.000% – 3.850% notes	2018	–	2043	12,500				1.08%	–	3.91	%	12,500				1.08%	–	3.91	%
2014 debt issuance of $12.0 billion:
Floating-rate notes	2019	–	2019	1,000				1.48%		1.48	%	2,000				0.86%	–	1.09	%
Fixed-rate 2.100% – 4.450% notes	2019	–	2044	8,500				1.48%	–	4.48	%	10,000				0.85%	–	4.48	%
2015 debt issuances of $27.3 billion:
Floating-rate notes	2019	–	2020	1,532				1.43%	–	1.87	%	1,781				0.87%	–	1.87	%
Fixed-rate 0.350% – 4.375% notes	2019	–	2045	24,259				0.28%	–	4.51	%	25,144				0.28%	–	4.51	%
2016 debt issuances of $24.9 billion:
Floating-rate notes	2019	–	2021	1,350				1.31%	–	2.32	%	1,350				0.91%	–	1.95	%
Fixed-rate 1.100% – 4.650% notes	2018	–	2046	23,610				1.13%	–	4.78	%	23,609				1.13%	–	4.58	%
Second quarter 2017 debt issuance of $10.0 billion:
Floating-rate notes			2019	500						1.26	%	—						—	%
Floating-rate notes			2020	500						1.38	%	—						—	%
Floating-rate notes			2022	1,000						1.68	%	—						—	%
Fixed-rate 1.550% notes			2019	500						1.59	%	—						—	%
Fixed-rate 1.900% notes			2020	1,000						1.38	%	—						—	%
Fixed-rate 2.500% notes			2022	1,500						1.67	%	—						—	%
Fixed-rate 3.000% notes			2024	1,750						1.98	%	—						—	%
Fixed-rate 3.350% notes			2027	2,250						2.12	%	—						—	%
Fixed-rate 4.250% notes			2047	1,000						4.26	%	—						—	%
Second quarter 2017 debt issuance of $1.0 billion:
Fixed-rate 4.300% notes			2047	1,000						4.30	%	—						—	%
Third quarter 2017 debt issuance of $7.0 billion:
Floating-rate notes			2020	500						1.25	%	—						—	%
Floating-rate notes			2022	750						1.53	%	—						—	%
Fixed-rate 1.800% notes			2020	1,000						1.84	%	—						—	%
Fixed-rate 2.300% notes			2022	1,000						2.34	%	—						—	%
Fixed-rate 2.850% notes			2024	1,750						2.16	%	—						—	%
Fixed-rate 3.200% notes			2027	2,000						2.34	%	—						—	%
Third quarter 2017 euro-denominated debt issuance of €2.5 billion:
Fixed-rate 0.875% notes			2025	1,419						3.03	%	—						—	%
Fixed-rate 1.375% notes			2029	1,419						3.37	%	—						—	%
Third quarter 2017 debt issuance of $1.0 billion:
Fixed-rate 3.000% notes			2027	1,000						3.03	%	—						—	%
Total term debt				96,589								78,384
Unamortized premium/(discount) and issuance costs, net				(210		)						(174		)
Hedge accounting fair value adjustments				(20		)						717
Less: Current portion of long-term debt				(6,495		)						(3,500		)
Total long-term debt				$	89,864							$	75,427