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Debt (Tables)
 12 Months Ended
Sep. 24, 2022
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 2022, 2021 and 2020 (in millions):
202220212020
Maturities 90 days or less:
Proceeds from/(Repayments of) commercial paper, net$5,264 $(357)$100 
Maturities greater than 90 days:
Proceeds from commercial paper
5,948 7,946 6,185 
Repayments of commercial paper
(7,257)(6,567)(7,248)
Proceeds from/(Repayments of) commercial paper, net(1,309)1,379 (1,063)
Total proceeds from/(repayments of) commercial paper, net$3,955 $1,022 $(963)
Summary of Term Debt The following table provides a summary of the Company’s term debt as of September 24, 2022 and September 25, 2021:
Maturities
(calendar year)
20222021
Amount
(in millions)
Effective
Interest Rate
Amount
(in millions)
Effective
Interest Rate
2013 – 2021 debt issuances:
Floating-rate notes $— $1,750 
0.48% – 0.63%
Fixed-rate 0.000% – 4.650% notes
2022 – 2061
106,324 
0.03% – 4.78%
116,313 
0.03% – 4.78%
Fourth quarter 2022 debt issuance:
Fixed-rate 3.250% – 4.100% notes
2029 – 2062
5,500 
3.27% – 4.12%
— 
Total term debt111,824 118,063 
Unamortized premium/(discount) and issuance costs, net
(374)(380)
Hedge accounting fair value adjustments(1,363)1,036 
Less: Current portion of term debt(11,128)(9,613)
Total non-current portion of term debt$98,959 $109,106 
Future Principal Payments for Notes
The future principal payments for the Company’s Notes as of September 24, 2022, are as follows (in millions):
2023$11,139 
20249,910 
202510,645 
202611,209 
20279,631 
Thereafter59,290 
Total term debt$111,824