Debt (Tables)

12 Months Ended

Sep. 27, 2014

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 2014 (in millions):

Maturities less than 90 days:
Proceeds from (repayments of) commercial paper, net	$	1,865
Maturities greater than 90 days:
Proceeds from commercial paper		4,771
Repayments of commercial paper		(330	)
Maturities greater than 90 days, net		4,441
Total proceeds from issuance of commercial paper, net	$	6,306

Summary of Long-Term Debt

The following table provides a summary of the Company’s long-term debt as of September 27, 2014 and September 28, 2013:

	2014					2013
	Amount (in millions)			Effective Interest Rate		Amount (in millions)			Effective Interest Rate
Floating-rate notes due 2016	$	1,000			0.51%	$	1,000			0.51%
Floating-rate notes due 2017		1,000			0.31%		0			0
Floating-rate notes due 2018		2,000			1.10%		2,000			1.10%
Floating-rate notes due 2019		1,000			0.54%		0			0
Fixed-rate 0.45% notes due 2016		1,500			0.51%		1,500			0.51%
Fixed-rate 1.05% notes due 2017		1,500			0.30%		0			0
Fixed-rate 1.00% notes due 2018		4,000			1.08%		4,000			1.08%
Fixed-rate 2.10% notes due 2019		2,000			0.53%		0			0
Fixed-rate 2.85% notes due 2021		3,000			0.79%		0			0
Fixed-rate 2.40% notes due 2023		5,500			2.44%		5,500			2.44%
Fixed-rate 3.45% notes due 2024		2,500			0.90%		0			0
Fixed-rate 3.85% notes due 2043		3,000			3.91%		3,000			3.91%
Fixed-rate 4.45% notes due 2044		1,000			4.48%		0			0
Total borrowings		29,000					17,000
Unamortized discount		(52	)				(40	)
Hedge accounting fair value adjustments		39					0
Total long-term debt	$	28,987				$	16,960

Future Principal Payments for Notes

Future principal payments for the Company’s Notes as of September 27, 2014, are as follows (in millions):

2015	$	0
2016		2,500
2017		2,500
2018		6,000
2019		3,000
Thereafter		15,000
Total	$	29,000