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Debt (Tables)
 12 Months Ended
Sep. 26, 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 2020, 2019 and 2018 (in millions):
202020192018
Maturities 90 days or less:
Proceeds from/(Repayments of) commercial paper, net$100 $(3,248)$1,044 
Maturities greater than 90 days:
Proceeds from commercial paper
6,185 13,874 14,555 
Repayments of commercial paper
(7,248)(16,603)(15,636)
Repayments of commercial paper, net(1,063)(2,729)(1,081)
Total repayments of commercial paper, net$(963)$(5,977)$(37)
Summary of Term Debt The following table provides a summary of the Company’s term debt as of September 26, 2020 and September 28, 2019:
Maturities
(calendar year)
20202019
Amount
(in millions)
Effective
Interest Rate
Amount
(in millions)
Effective
Interest Rate
2013 – 2019 debt issuances:
Floating-rate notes
2021 – 2022
$2,250 
0.60% – 1.39%
$4,250 
2.25% – 3.28%
Fixed-rate 0.375% – 4.650% notes
2020 – 2049
87,487 
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
2,341 
0.03% – 0.56%
— — %
Third quarter 2020 debt issuance of $8.5 billion:
Fixed-rate 0.750% – 2.650% notes
2023 – 2050
8,500 
0.84% – 2.72%
— — %
Fourth quarter 2020 debt issuance of $5.5 billion:
Fixed-rate 0.550% – 2.550% notes
2025 – 2060
5,500 
0.60% – 2.59%
— — %
Total term debt106,078 101,679 
Unamortized premium/(discount) and issuance costs, net
(314)(224)
Hedge accounting fair value adjustments1,676 612 
Less: Current portion of term debt(8,773)(10,260)
Total non-current portion of term debt$98,667 $91,807 
Future Principal Payments for Notes
The future principal payments for the Company’s Notes as of September 26, 2020, are as follows (in millions):
2021$8,750 
20229,569 
202311,389 
202410,115 
202510,914 
Thereafter55,341 
Total term debt$106,078