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Debt (Tables)
 12 Months Ended
Sep. 25, 2021
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 2021, 2020 and 2019 (in millions):
202120202019
Maturities 90 days or less:
Proceeds from/(Repayments of) commercial paper, net$(357)$100 $(3,248)
Maturities greater than 90 days:
Proceeds from commercial paper
7,946 6,185 13,874 
Repayments of commercial paper
(6,567)(7,248)(16,603)
Proceeds from/(Repayments of) commercial paper, net1,379 (1,063)(2,729)
Total proceeds from/(repayments of) commercial paper, net$1,022 $(963)$(5,977)
Summary of Term Debt The following table provides a summary of the Company’s term debt as of September 25, 2021 and September 26, 2020:
Maturities
(calendar year)
20212020
Amount
(in millions)
Effective
Interest Rate
Amount
(in millions)
Effective
Interest Rate
2013 – 2020 debt issuances:
Floating-rate notes
 2022
$1,750 
0.48% – 0.63%
$2,250 
0.60% – 1.39%
Fixed-rate 0.000% – 4.650% notes
2022 – 2060
95,813 
0.03% – 4.78%
103,828 
0.03% – 4.78%
Second quarter 2021 debt issuance:
Fixed-rate 0.700% – 2.800% notes
2026 – 2061
14,000 
0.75% – 2.81%
— — %
Fourth quarter 2021 debt issuance:
Fixed-rate 1.400% – 2.850% notes
2028 – 2061
6,500 
1.43% – 2.86%
— — %
Total term debt118,063 106,078 
Unamortized premium/(discount) and issuance costs, net
(380)(314)
Hedge accounting fair value adjustments1,036 1,676 
Less: Current portion of term debt(9,613)(8,773)
Total non-current portion of term debt$109,106 $98,667 
Future Principal Payments for the Notes
The future principal payments for the Company’s Notes as of September 25, 2021, are as follows (in millions):
2022$9,583 
202311,391 
202410,202 
202510,914 
202611,408 
Thereafter64,565 
Total term debt$118,063