Debt (Tables)

6 Months Ended

Mar. 28, 2020

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 six months ended March 28, 2020 and March 30, 2019 (in millions):

	Six Months Ended
	March 28, 2020			March 30, 2019
Maturities 90 days or less:
Proceeds from/(Repayments of) commercial paper, net	$	1,377		$	(2,484	)
Maturities greater than 90 days:
Proceeds from commercial paper	4,797			10,235
Repayments of commercial paper	(4,656		)	(7,787		)
Proceeds from commercial paper, net	141			2,448
Total proceeds from/(repayments of) commercial paper, net	$	1,518		$	(36	)

Summary of Term Debt

The following table provides a summary of the Company’s term debt as of March 28, 2020 and September 28, 2019:

	Maturities (calendar year)			March 28, 2020								September 28, 2019
				Amount (in millions)			Effective Interest Rate					Amount (in millions)			Effective Interest Rate
2013 – 2019 debt issuances:
Floating-rate notes	2020	–	2022	$	3,250			1.80%	–	2.81	%	$	4,250			2.25%	–	3.28	%
Fixed-rate 0.350% – 4.650% notes	2020	–	2049	92,554				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	2,164				0.03%	–	0.56	%	—						—	%
Total term debt				97,968								101,679
Unamortized premium/(discount) and issuance costs, net				(220		)						(224		)
Hedge accounting fair value adjustments				1,730								612
Less: Current portion of term debt				(10,392		)						(10,260		)
Total non-current portion of term debt				$	89,086							$	91,807