Debt (Tables)

3 Months Ended

Dec. 28, 2019

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 three months ended December 28, 2019 and December 29, 2018 (in millions):

	Three Months Ended
	December 28, 2019			December 29, 2018
Maturities 90 days or less:
Proceeds from/(Repayments of) commercial paper, net	$	(175	)	$	2,011
Maturities greater than 90 days:
Proceeds from commercial paper	1,317			2,166
Repayments of commercial paper	(2,121		)	(4,171		)
Repayments of commercial paper, net	(804		)	(2,005		)
Total proceeds from/(repayments of) commercial paper, net	$	(979	)	$	6

Summary of Term Debt

The following table provides a summary of the Company’s term debt as of December 28, 2019 and September 28, 2019:

	Maturities (calendar year)			December 28, 2019								September 28, 2019
				Amount (in millions)			Effective Interest Rate					Amount (in millions)			Effective Interest Rate
2013 – 2019 debt issuances:
Floating-rate notes	2020	–	2022	$	4,250			1.97%	–	3.04	%	$	4,250			2.25%	–	3.28	%
Fixed-rate 0.350% – 4.650% notes	2020	–	2049	96,610				0.28%	–	4.78	%	97,429				0.28%	–	4.78	%
First quarter 2020 debt issuance of €2.0 billion:
Fixed-rate 0.000% – 0.500% notes	2025	–	2031	2,226				0.03%	–	0.56	%	—						—	%
Total term debt				103,086								101,679
Unamortized premium/(discount) and issuance costs, net				(229		)						(224		)
Hedge accounting fair value adjustments				445								612
Less: Current portion of term debt				(10,224		)						(10,260		)
Total non-current portion of term debt				$	93,078							$	91,807