Debt (Tables)

6 Months Ended

Mar. 28, 2015

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, 2015 (in millions):

Maturities less than 90 days:
Proceeds from (repayments of) commercial paper, net	$	985
Maturities greater than 90 days:
Proceeds from commercial paper		547
Repayments of commercial paper		(4,040	)
Maturities greater than 90 days, net		(3,493	)
Total repayments of commercial paper, net	$	(2,508	)

Summary of Long-Term Debt

The following table provides a summary of the Company’s long-term debt as of March 28, 2015 and September 27, 2014:

	March 28, 2015					September 27, 2014
	Amount (in millions)			Effective Interest Rate		Amount (in millions)			Effective Interest Rate
Floating-rate notes due 2016 (1)	$	1,000			0.51%	$	1,000			0.51%
Floating-rate notes due 2017 (2)		1,000			0.33%		1,000			0.31%
Floating-rate notes due 2018 (1)		2,000			1.10%		2,000			1.10%
Floating-rate notes due 2019 (2)		1,000			0.56%		1,000			0.54%
Floating-rate notes due 2020 (3)		500			0.51%		0			0
Fixed-rate 0.45% notes due 2016 (1)		1,500			0.51%		1,500			0.51%
Fixed-rate 1.05% notes due 2017 (2)		1,500			0.32%		1,500			0.30%
Fixed-rate 1.00% notes due 2018 (1)		4,000			1.08%		4,000			1.08%
Fixed-rate 2.10% notes due 2019 (2)		2,000			0.55%		2,000			0.53%
Fixed-rate 1.55% notes due 2020 (3)		1,250			0.50%		0			0
Fixed-rate 2.85% notes due 2021 (2)		3,000			0.81%		3,000			0.79%
Fixed-rate 2.15% notes due 2022 (3)		1,250			0.82%		0			0
Fixed-rate 1.00% Euro-denominated notes due 2022 (4)		1,534			2.94%		0			0
Fixed-rate 2.40% notes due 2023 (1)		5,500			2.44%		5,500			2.44%
Fixed-rate 3.45% notes due 2024 (2)		2,500			0.92%		2,500			0.90%
Fixed-rate 0.38% Swiss Franc-denominated notes due 2024 (5)		915			0.28%		0			0
Fixed-rate 2.50% notes due 2025 (3)		1,500			2.60%		0			0
Fixed-rate 1.63% Euro-denominated notes due 2026 (4)		1,534			3.45%		0			0
Fixed-rate 0.75% Swiss Franc-denominated notes due 2030 (5)		392			0.74%		0			0
Fixed-rate 3.85% notes due 2043 (1)		3,000			3.91%		3,000			3.91%
Fixed-rate 4.45% notes due 2044 (2)		1,000			4.48%		1,000			4.48%
Fixed-rate 3.45% notes due 2045 (3)		2,000			3.58%		0			0
Total borrowings		39,875					29,000
Unamortized discount		(80	)				(52	)
Hedge accounting fair value adjustments		277					39
Total long-term debt	$	40,072				$	28,987

⁽¹⁾  Tranche relates to the $17.0 billion debt issuance in the third quarter of 2013.

⁽²⁾  Tranche relates to the $12.0 billion debt issuance in the third quarter of 2014.

⁽³⁾  Tranche relates to the $6.5 billion debt issuance in the second quarter of 2015.

⁽⁴⁾  Tranche relates to Euro-denominated debt issuance of €2.8 billion in the first quarter of 2015.

⁽⁵⁾  Tranche relates to Swiss Franc-denominated debt issuance of SFr1.3 billion in the second quarter of 2015.

Future Principal Payments for Notes

Future principal payments for the Company’s Notes as of March 28, 2015 are as follows (in millions):

2015	$	0
2016		2,500
2017		2,500
2018		6,000
2019		3,000
Thereafter		25,875
Total future principal payments	$	39,875