Debt (Tables)

6 Months Ended

Apr. 01, 2017

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 the six months endedApril 1, 2017 and March 26, 2016 (in millions):

	Six Months Ended
	April 1, 2017			March 26, 2016
Maturities less than 90 days:
Proceeds from/(Repayments of) commercial paper, net	$	(1,318	)	$	660
Maturities greater than 90 days:
Proceeds from commercial paper	7,057			669
Repayments of commercial paper	(3,860		)	(1,832		)
Proceeds from/(Repayments of) commercial paper, net	3,197			(1,163		)
Total change in commercial paper, net	$	1,879		$	(503	)

Summary of Term Debt

he following table provides a summary of the Company’s term debt as of April 1, 2017 and September 24, 2016:

	Maturities			April 1, 2017								September 24, 2016
				Amount (in millions)			Effective Interest Rate					Amount (in millions)			Effective Interest Rate
2013 debt issuance of $17.0 billion:
Floating-rate notes	2018		2018	$	2,000			1.10%		1.10	%	$	2,000			1.10%		1.10	%
Fixed-rate 1.000% – 3.850% notes	2018	–	2043	12,500				1.08%	–	3.91	%	12,500				1.08%	–	3.91	%
2014 debt issuance of $12.0 billion:
Floating-rate notes	2017	–	2019	2,000				1.10%	–	1.33	%	2,000				0.86%	–	1.09	%
Fixed-rate 1.050% – 4.450% notes	2017	–	2044	10,000				1.10%	–	4.48	%	10,000				0.85%	–	4.48	%
2015 debt issuances of $27.3 billion:
Floating-rate notes	2017	–	2020	1,785				1.08%	–	1.87	%	1,781				0.87%	–	1.87	%
Fixed-rate 0.350% – 4.375% notes	2017	–	2045	24,668				0.28%	–	4.51	%	25,144				0.28%	–	4.51	%
2016 debt issuances of $24.9 billion:
Floating-rate notes	2019	–	2021	1,350				1.17%	–	2.18	%	1,350				0.91%	–	1.95	%
Fixed-rate 1.100% – 4.650% notes	2018	–	2046	23,616				1.13%	–	4.78	%	23,609				1.13%	–	4.58	%
Second quarter 2017 debt issuance of $10.0 billion:
Floating-rate notes			2019	500						1.12	%	—						—	%
Floating-rate notes			2020	500						1.24	%	—						—	%
Floating-rate notes			2022	1,000						1.54	%	—						—	%
Fixed-rate 1.550% notes			2019	500						1.59	%	—						—	%
Fixed-rate 1.900% notes			2020	1,000						1.24	%	—						—	%
Fixed-rate 2.500% notes			2022	1,500						1.53	%	—						—	%
Fixed-rate 3.000% notes			2024	1,750						1.83	%	—						—	%
Fixed-rate 3.350% notes			2027	2,250						1.98	%	—						—	%
Fixed-rate 4.250% notes			2047	1,000						4.26	%	—						—	%
Second quarter 2017 debt issuance of $1.0 billion:
Fixed-rate 4.300% notes			2047	1,000						4.30	%	—						—	%
Total term debt				88,919								78,384
Unamortized premium/(discount) and issuance costs, net				(184		)						(174		)
Hedge accounting fair value adjustments				(205		)						717
Less: Current portion of long-term debt				(3,999		)						(3,500		)
Total long-term debt				$	84,531							$	75,427