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Guarantor Financial Statements (Tables)
9 Months Ended 12 Months Ended
Jul. 03, 2016
Sep. 27, 2015
Guarantor Financial Statements [Abstract]    
Consolidated Statements of Balance Sheets with Guarantor Information [Table Text Block]
Consolidated Balance Sheets (unaudited)
(In millions)

 
July 3, 2016
Assets
Parent/Issuer
Guarantor Subsidiaries
Non-guarantor Subsidiaries
Eliminations
Consolidated Total
Current assets:
 
 
 
 
 
Cash and cash equivalents
$
—

$
375

$
97

$
—

$
472

Short-term investments - available-for-sale securities
—

153

—

—

153

Restricted cash
—

115

8

—

123

Accounts receivable
—

293

26

—

319

Intercompany receivable
—

592

—

(592
)
—

Merchandise inventories
—

452

71

—

523

Prepaid expenses and other current assets
—

131

16

—

147

Deferred income taxes
—

188

—

—

188

Total current assets
—

2,299

218

(592
)
1,925

Property and equipment, net of accumulated depreciation and amortization
—

3,003

373

—

3,376

Long-term investments - available-for-sale securities
—

—

—

—

—

Investments in consolidated subsidiaries
4,498

101

468

(5,067
)
—

Goodwill
—

703

7

—

710

Intangible assets, net of accumulated amortization
1

65

10

—

76

Deferred income taxes
—

139

4

—

143

Other assets
7

18

20

—

45

Total assets
$
4,506

$
6,328

$
1,100

$
(5,659
)
$
6,275

 
 
 
 
 
 
Liabilities and Shareholders’ Equity
 
 
 
 
 
Current liabilities:
 
 
 
 
 
Current installments of long-term debt and capital lease obligations
$
—

$
3

$
—

$
—

$
3

Accounts payable
—

209

83

—

292

Intercompany payable
280

—

312

(592
)
—

Accrued payroll, bonus and other benefits due team members
—

382

27

—

409

Dividends payable
43

—

—

—

43

Other current liabilities
5

547

25

—

577

Total current liabilities
328

1,141

447

(592
)
1,324

Long-term debt and capital lease obligations, less current installments
993

48

8

—

1,049

Deferred lease liabilities
—

579

47

—

626

Other long-term liabilities
—

89

2

—

91

Total liabilities
1,321

1,857

504

(592
)
3,090

 
 
 
 
 
 
Commitments and contingencies










 
 
 
 
 
 
Total shareholders’ equity
3,185

4,471

596

(5,067
)
3,185

Total liabilities and shareholders’ equity
$
4,506

$
6,328

$
1,100

$
(5,659
)
$
6,275



Consolidated Balance Sheets (unaudited)
(In millions)

 
September 27, 2015
Assets
Parent/Issuer
Guarantor Subsidiaries
Non-guarantor Subsidiaries
Eliminations
Consolidated Total
Current assets:
 
 
 
 
 
Cash and cash equivalents
$
—

$
147

$
90

$
—

$
237

Short-term investments - available-for-sale securities
—

155

—

—

155

Restricted cash
—

115

12

—

127

Accounts receivable
—

194

24

—

218

Intercompany receivable
—

533

—

(533
)
—

Merchandise inventories
—

430

70

—

500

Prepaid expenses and other current assets
—

96

12

—

108

Deferred income taxes
—

199

—

—

199

Total current assets
—

1,869

208

(533
)
1,544

Property and equipment, net of accumulated depreciation and amortization
—

2,832

331

—

3,163

Long-term investments - available-for-sale securities
—

63

—

—

63

Investments in consolidated subsidiaries
4,060

93

445

(4,598
)
—

Goodwill
—

703

7

—

710

Intangible assets, net of accumulated amortization
—

69

10

—

79

Deferred income taxes
—

141

3

—

144

Other assets
10

18

10

—

38

Total assets
$
4,070

$
5,788

$
1,014

$
(5,131
)
$
5,741

 
 
 
 
 
 
Liabilities and Shareholders’ Equity
 
 
 
 
 
Current liabilities:
 
 
 
 
 
Current installments of long-term debt and capital lease obligations
$
—

$
3

$
—

$
—

$
3

Accounts payable
—

216

79

—

295

Intercompany payable
256

—

277

(533
)
—

Accrued payroll, bonus and other benefits due team members
—

411

25

—

436

Dividends payable
45

—

—

—

45

Other current liabilities
—

452

21

—

473

Total current liabilities
301

1,082

402

(533
)
1,252

Long-term debt and capital lease obligations, less current installments
—

55

7

—

62

Deferred lease liabilities
—

544

43

—

587

Other long-term liabilities
—

69

2

—

71

Total liabilities
301

1,750

454

(533
)
1,972

 
 
 
 
 
 
Commitments and contingencies










 
 
 
 
 
 
Total shareholders’ equity
3,769

4,038

560

(4,598
)
3,769

Total liabilities and shareholders’ equity
$
4,070

$
5,788

$
1,014

$
(5,131
)
$
5,741

Consolidated Balance Sheets
(In millions)

 
September 27, 2015
Assets
Parent/Issuer
Guarantor Subsidiaries
Non-guarantor Subsidiaries
Eliminations
Consolidated Total
Current assets:
 
 
 
 
 
Cash and cash equivalents
$
—

$
147

$
90

$
—

$
237

Short-term investments - available-for-sale securities
—

155

—

—

155

Restricted cash
—

115

12

—

127

Accounts receivable
—

194

24

—

218

Intercompany receivable
—

533

—

(533
)
—

Merchandise inventories
—

430

70

—

500

Prepaid expenses and other current assets
—

96

12

—

108

Deferred income taxes
—

199

—

—

199

Total current assets
—

1,869

208

(533
)
1,544

Property and equipment, net of accumulated depreciation and amortization
—

2,832

331

—

3,163

Long-term investments - available-for-sale securities
—

63

—

—

63

Investments in consolidated subsidiaries
4,060

93

445

(4,598
)
—

Goodwill
—

703

7

—

710

Intangible assets, net of accumulated amortization
—

69

10

—

79

Deferred income taxes
—

141

3

—

144

Other assets
10

18

10

—

38

Total assets
$
4,070

$
5,788

$
1,014

$
(5,131
)
$
5,741

 
 
 
 
 
 
Liabilities and Shareholders’ Equity
 
 
 
 
 
Current liabilities:
 
 
 
 
 
Current installments of capital lease obligations
$
—

$
3

$
—

$
—

$
3

Accounts payable
—

216

79

—

295

Intercompany payable
256

—

277

(533
)
—

Accrued payroll, bonus and other benefits due team members
—

411

25

—

436

Dividends payable
45

—

—

—

45

Other current liabilities
—

452

21

—

473

Total current liabilities
301

1,082

402

(533
)
1,252

Long-term capital lease obligations, less current installments
—

55

7

—

62

Deferred lease liabilities
—

544

43

—

587

Other long-term liabilities
—

69

2

—

71

Total liabilities
301

1,750

454

(533
)
1,972

 
 
 
 
 
 
Commitments and contingencies










 
 
 
 
 
 
Total shareholders’ equity
3,769

4,038

560

(4,598
)
3,769

Total liabilities and shareholders’ equity
$
4,070

$
5,788

$
1,014

$
(5,131
)
$
5,741

Consolidated Balance Sheets
(In millions)

 
September 28, 2014
Assets
Parent/Issuer
Guarantor Subsidiaries
Non-guarantor Subsidiaries
Eliminations
Consolidated Total
Current assets:
 
 
 
 
 
Cash and cash equivalents
$
—

$
96

$
94

$
—

$
190

Short-term investments - available-for-sale securities
—

553

—

—

553

Restricted cash
—

100

9

—

109

Accounts receivable
—

179

19

—

198

Intercompany receivable
322

—

—

(322
)
—

Merchandise inventories
—

387

54

—

441

Prepaid expenses and other current assets
—

86

11

—

97

Deferred income taxes
—

168

—

—

168

Total current assets
322

1,569

187

(322
)
1,756

Property and equipment, net of accumulated depreciation and amortization
—

2,574

349

—

2,923

Long-term investments - available-for-sale securities
—

120

—

—

120

Investments in consolidated subsidiaries
3,524

83

407

(4,014
)
—

Goodwill
—

703

5

—

708

Intangible assets, net of accumulated amortization
—

72

9

—

81

Deferred income taxes
—

129

3

—

132

Other assets
10

9

5

—

24

Total assets
$
3,856

$
5,259

$
965

$
(4,336
)
$
5,744

 
 
 
 
 
 
Liabilities and Shareholders’ Equity
 
 
 
 
 
Current liabilities:
 
 
 
 
 
Current installments of capital lease obligations
$
—

$
2

$
—

$
—

$
2

Accounts payable
—

202

74

—

$
276

Intercompany payable
—

64

258

(322
)
$
—

Accrued payroll, bonus and other benefits due team members
—

352

27

—

$
379

Dividends payable
43

—

—

—

$
43

Other current liabilities
—

527

30

—

$
557

Total current liabilities
43

1,147

389

(322
)
1,257

Long-term capital lease obligations, less current installments
—

53

7

—

60

Deferred lease liabilities
—

507

41

—

548

Other long-term liabilities
—

63

3

—

66

Total liabilities
43

1,770

440

(322
)
1,931

 
 
 
 
 
 
Commitments and contingencies










 
 
 
 
 
 
Total shareholders’ equity
3,813

3,489

525

(4,014
)
3,813

Total liabilities and shareholders’ equity
$
3,856

$
5,259

$
965

$
(4,336
)
$
5,744

Consolidated Statements of Operations with Guarantor Information [Table Text Block]
Consolidated Statements of Operations (unaudited)
(In millions)

 
Twelve weeks ended July 3, 2016
 
Parent/Issuer
Guarantor Subsidiaries
Non-guarantor Subsidiaries
Eliminations
Consolidated Total
Sales
$
—

$
3,511

$
229

$
(37
)
$
3,703

Cost of goods sold and occupancy costs
—

2,293

160

(36
)
2,417

Gross profit
—

1,218

69

(1
)
1,286

Selling, general and administrative expenses
—

996

61

—

1,057

Pre-opening expenses
—

17

1

—

18

Relocation, store closure and lease termination costs
—

2

—

—

2

Operating income
—

203

7

(1
)
209

Interest expense
(12
)
—

—

—

(12
)
Investment and other income (expense)
—

(1
)
(1
)
1

(1
)
Equity in net income of subsidiaries
127

3

8

(138
)
—

Income before income taxes
115

205

14

(138
)
196

Provision for income taxes
(5
)
79

2

—

76

Net income
$
120

$
126

$
12

$
(138
)
$
120



 
Twelve weeks ended July 5, 2015
 
Parent/Issuer
Guarantor Subsidiaries
Non-guarantor Subsidiaries
Eliminations
Consolidated Total
Sales
$
—

$
3,439

$
229

$
(36
)
$
3,632

Cost of goods sold and occupancy costs
—

2,214

160

(35
)
2,339

Gross profit
—

1,225

69

(1
)
1,293

Selling, general and administrative expenses
—

971

61

—

1,032

Pre-opening expenses
—

12

—

—

12

Relocation, store closure and lease termination costs
—

2

—

—

2

Operating income
—

240

8

(1
)
247

Investment and other income (expense)
—

5

(1
)
1

5

Equity in net income of subsidiaries
154

2

13

(169
)
—

Income before income taxes
154

247

20

(169
)
252

Provision for income taxes
—

95

3

—

98

Net income
$
154

$
152

$
17

$
(169
)
$
154






















Consolidated Statements of Operations (unaudited)
(In millions)

 
Forty weeks ended July 3, 2016
 
Parent/Issuer
Guarantor Subsidiaries
Non-guarantor Subsidiaries
Eliminations
Consolidated Total
Sales
$
—

$
11,606

$
741

$
(120
)
$
12,227

Cost of goods sold and occupancy costs
—

7,611

516

(117
)
8,010

Gross profit
—

3,995

225

(3
)
4,217

Selling, general and administrative expenses
—

3,262

196

—

3,458

Pre-opening expenses
—

44

5

—

49

Relocation, store closure and lease termination costs
—

8

—

—

8

Operating income
—

681

24

(3
)
702

Interest expense
(30
)
—

—

—

(30
)
Investment and other income (expense)
—

8

(4
)
4

8

Equity in net income of subsidiaries
437

8

23

(468
)
—

Income before income taxes
407

697

43

(467
)
680

Provision for income taxes
(12
)
265

8

—

261

Net income
$
419

$
432

$
35

$
(467
)
$
419



 
Forty weeks ended July 5, 2015
 
Parent/Issuer
Guarantor Subsidiaries
Non-guarantor Subsidiaries
Eliminations
Consolidated Total
Sales
$
—

$
11,305

$
770

$
(124
)
$
11,951

Cost of goods sold and occupancy costs
—

7,299

542

(120
)
7,721

Gross profit
—

4,006

228

(4
)
4,230

Selling, general and administrative expenses
—

3,185

207

—

3,392

Pre-opening expenses
—

51

2

—

53

Relocation, store closure and lease termination costs
—

11

1

—

12

Operating income
—

759

18

(4
)
773

Investment and other income (expense)
—

11

(2
)
3

12

Equity in net income of subsidiaries
479

8

31

(518
)
—

Income before income taxes
479

778

47

(519
)
785

Provision for income taxes
—

300

6

—

306

Net income
$
479

$
478

$
41

$
(519
)
$
479

Statements of Operations
(In millions)

 
September 27, 2015
 
Parent/Issuer
Guarantor Subsidiaries
Non-guarantor Subsidiaries
Eliminations
Consolidated Total
Sales
$
—

$
14,565

$
968

$
(144
)
$
15,389

Cost of goods sold and occupancy costs
—

9,433

679

(139
)
9,973

Gross profit
—

5,132

289

(5
)
5,416

Selling, general and administrative expenses
—

4,182

290

—

4,472

Pre-opening expenses
—

65

2

—

67

Relocation, store closure and lease termination costs
—

15

1

—

16

Operating income (loss)
—

870

(4
)
(5
)
861

Investment and other income, net of interest expense
—

16

(3
)
4

17

Equity in net income of subsidiaries
536

9

38

(583
)
—

Income before income taxes
536

895

31

(584
)
878

Provision for income taxes
—

345

(3
)
—

342

Net income
$
536

$
550

$
34

$
(584
)
$
536

 
September 28, 2014
 
Parent/Issuer
Guarantor Subsidiaries
Non-guarantor Subsidiaries
Eliminations
Consolidated Total
Sales
$
—

$
13,408

$
920

$
(134
)
$
14,194

Cost of goods sold and occupancy costs
—

8,648

632

(130
)
9,150

Gross profit
—

4,760

288

(4
)
5,044

Selling, general and administrative expenses
—

3,780

252

—

4,032

Pre-opening expenses
—

60

7

—

67

Relocation, store closure and lease termination costs
—

10

1

—

11

Operating income
—

910

28

(4
)
934

Investment and other income (loss), net of interest expense
—

10

(2
)
4

12

Equity in net income of subsidiaries
579

11

48

(638
)
—

Income before income taxes
579

931

74

(638
)
946

Provision for income taxes
—

357

10

—

367

Net income
$
579

$
574

$
64

$
(638
)
$
579

 
September 29, 2013
 
Parent/Issuer
Guarantor Subsidiaries
Non-guarantor Subsidiaries
Eliminations
Consolidated Total
Sales
$
—

$
12,167

$
897

$
(147
)
$
12,917

Cost of goods sold and occupancy costs
—

7,809

624

(145
)
8,288

Gross profit
—

4,358

273

(2
)
4,629

Selling, general and administrative expenses
—

3,450

232

—

3,682

Pre-opening expenses
—

46

6

—

52

Relocation, store closure and lease termination costs
—

12

—

—

12

Operating income
—

850

35

(2
)
883

Investment and other income (loss), net of interest expense
—

10

(1
)
2

11

Equity in net income of subsidiaries
551

11

52

(614
)
—

Income before income taxes
551

871

86

(614
)
894

Provision for income taxes
—

330

13

—

343

Net income
$
551

$
541

$
73

$
(614
)
$
551

Consolidated Statements of Comprehensive Income with Guarantor Information [Table Text Block]
Consolidated Statements of Comprehensive Income (unaudited)
(In millions)

 
Twelve weeks ended July 3, 2016
 
Parent/Issuer
Guarantor Subsidiaries
Non-guarantor Subsidiaries
Eliminations
Consolidated Total
Net income
$
120

$
126

$
12

$
(138
)
$
120

Other comprehensive income (loss), net of tax:
 
 
 
 
 
Foreign currency translation adjustments
—

(4
)
3

—

(1
)
Other comprehensive income (loss), net of tax
—

(4
)
3

—

(1
)
Comprehensive income
$
120

$
122

$
15

$
(138
)
$
119


 
Twelve weeks ended July 5, 2015
 
Parent/Issuer
Guarantor Subsidiaries
Non-guarantor Subsidiaries
Eliminations
Consolidated Total
Net income
$
154

$
152

$
17

$
(169
)
$
154

Other comprehensive income (loss), net of tax:
 
 
 
 
 
Foreign currency translation adjustments
—

5

(2
)
—

3

Other comprehensive income (loss), net of tax
—

5

(2
)
—

3

Comprehensive income
$
154

$
157

$
15

$
(169
)
$
157


 
Forty weeks ended July 3, 2016
 
Parent/Issuer
Guarantor Subsidiaries
Non-guarantor Subsidiaries
Eliminations
Consolidated Total
Net income
$
419

$
432

$
35

$
(467
)
$
419

Other comprehensive income (loss), net of tax:
 
 
 
 
 
Foreign currency translation adjustments
—

(10
)
9

—

(1
)
Other comprehensive income (loss), net of tax
—

(10
)
9

—

(1
)
Comprehensive income
$
419

$
422

$
44

$
(467
)
$
418


 
Forty weeks ended July 5, 2015
 
Parent/Issuer
Guarantor Subsidiaries
Non-guarantor Subsidiaries
Eliminations
Consolidated Total
Net income
$
479

$
478

$
41

$
(519
)
$
479

Other comprehensive income (loss), net of tax:
 
 
 
 
 
Foreign currency translation adjustments
—

(5
)
(10
)
—

(15
)
Other comprehensive income (loss), net of tax
—

(5
)
(10
)
—

(15
)
Comprehensive income
$
479

$
473

$
31

$
(519
)
$
464

Consolidated Statements of Comprehensive Income
(In millions)

 
September 27, 2015
 
Parent/Issuer
Guarantor Subsidiaries
Non-guarantor Subsidiaries
Eliminations
Consolidated Total
Net income
$
536

$
550

$
34

$
(584
)
$
536

Other comprehensive loss, net of tax:
 
 
 
 
 
Foreign currency translation adjustments
—

(7
)
(14
)
—

(21
)
Other comprehensive loss, net of tax
—

(7
)
(14
)
—

(21
)
Comprehensive income
$
536

$
543

$
20

$
(584
)
$
515

 
September 28, 2014
 
Parent/Issuer
Guarantor Subsidiaries
Non-guarantor Subsidiaries
Eliminations
Consolidated Total
Net income
$
579

$
574

$
64

$
(638
)
$
579

Other comprehensive loss, net of tax:
 
 
 
 
 
Foreign currency translation adjustments
—

—

(8
)
—

(8
)
Other comprehensive loss, net of tax
—

—

(8
)
—

(8
)
Comprehensive income
$
579

$
574

$
56

$
(638
)
$
571

 
September 29, 2013
 
Parent/Issuer
Guarantor Subsidiaries
Non-guarantor Subsidiaries
Eliminations
Consolidated Total
Net income
$
551

$
541

$
73

$
(614
)
$
551

Other comprehensive loss, net of tax:
 
 
 
 
 
Foreign currency translation adjustments
—

—

(4
)
—

(4
)
Other comprehensive loss, net of tax
—

—

(4
)
—

(4
)
Comprehensive income
$
551

$
541

$
69

$
(614
)
$
547

Condensed Consolidated Statements of Cash Flows with Guarantor Information [Table Text Block]
Condensed Consolidated Statements of Cash Flows (unaudited)
(In millions)

 
Forty weeks ended July 3,2016
 
Parent/Issuer
Guarantor Subsidiaries
Non-guarantor Subsidiaries
Eliminations
Consolidated Total
    Net cash provided by (used in) operating activities
$
(27
)
$
749

$
42

$
—

$
764

Cash flows from investing activities
 
 
 
 
 
Purchase of property plant and equipment
—

(457
)
(64
)
—

(521
)
Purchases of available-for-sale securities
—

(311
)
—

—

(311
)
Sales and maturities of available-for-sale securities
—

375

—

—

375

Decrease in restricted cash
—

3

—

—

3

Payment for purchase of acquired entities, net of cash acquired
—

—

(11
)
—

(11
)
Intercompany activity
84

—

—

(84
)
—

Other investing activities
—

(12
)
—

—

(12
)
Net cash provided by (used in) investing activities
84

(402
)
(75
)
(84
)
(477
)
Cash flows from financing activities
 
 
 
 
 
Purchases of treasury stock
(929
)
—

—

—

(929
)
Common stock dividends paid
(133
)
—

—

—

(133
)
Issuance of common stock
17

—

—

—

17

Excess tax benefit related to exercise of team member stock options
4

—

—

—

4

Proceeds from long-term borrowings
999

—

—

—

999

Proceeds from revolving line of credit
300

—

—

—

300

Payments on long-term debt and capital lease obligations
(306
)
—

—

—

(306
)
Intercompany activity
—

(119
)
35

84

—

Other financing activities
(9
)
—

—

—

(9
)
Net cash provided by (used in) financing activities
(57
)
(119
)
35

84

(57
)
Effect of exchange rate changes on cash and cash equivalents
—

—

5

—

5

Net change in cash and cash equivalents
—

228

7

—

235

Cash and cash equivalents at beginning of period
—

147

90

—

237

Cash and cash equivalents at end of period
$
—

$
375

$
97

$
—

$
472



























Condensed Consolidated Statements of Cash Flows (unaudited)
(In millions)


 
Forty weeks ended July 5, 2015
 
Parent/Issuer
Guarantor Subsidiaries
Non-guarantor Subsidiaries
Eliminations
Consolidated Total
    Net cash provided by operating activities
$
—

$
951

$
46

$
—

$
997

Cash flows from investing activities
 
 
 
 
 
Purchase of property plant and equipment
—

(643
)
(36
)
—

(679
)
Purchases of available-for-sale securities
—

(458
)
—

—

(458
)
Sales and maturities of available-for-sale securities
—

497

—

—

497

Increase in restricted cash
—

(19
)
—

—

(19
)
Payment for purchase of acquired entities, net of cash acquired
—

—

(4
)
—

(4
)
Intercompany activity
255

—

—

(255
)
—

Other investing activities
—

(8
)
—

—

(8
)
Net cash provided by (used in) investing activities
255

(631
)
(40
)
(255
)
(671
)
Cash flows from financing activities
 
 
 
 
 
Purchases of treasury stock
(188
)
—

—

—

(188
)
Common stock dividends paid
(137
)
—

—

—

(137
)
Issuance of common stock
61

—

—

—

61

Excess tax benefit related to exercise of team member stock options
10

—

—

—

10

Intercompany activity
—

(259
)
4

255

—

Other financing activities
(1
)
—

—

—

(1
)
Net cash provided by (used in) financing activities
(255
)
(259
)
4

255

(255
)
Effect of exchange rate changes on cash and cash equivalents
—

—

(4
)
—

(4
)
Net change in cash and cash equivalents
—

61

6

—

67

Cash and cash equivalents at beginning of period
—

96

94

—

190

Cash and cash equivalents at end of period
$
—

$
157

$
100

$
—

$
257

Condensed Consolidated Statements of Cash Flows
(In millions)

 
September 27, 2015
 
Parent/Issuer
Guarantor Subsidiaries
Non-guarantor Subsidiaries
Eliminations
Consolidated Total
Net cash provided by operating activities
$
—

$
1,095

$
34

$
—

$
1,129

Cash flows from investing activities
 
 
 
 
 
Purchases of property, plant and equipment
—

(803
)
(48
)
—

(851
)
Purchases of available-for-sale securities
—

(494
)
—

—

(494
)
Sales and maturities of available-for-sale securities
—

928

—

—

928

Purchases of intangible assets
—

(3
)
—

—

(3
)
Increase in restricted cash
—

(19
)
—

—

(19
)
Payment for purchase of acquired entities, net of cash acquired
—

—

(4
)
—

(4
)
Intercompany activity
622

—

—

(622
)
—

Other investing activities
—

(12
)
—

—

(12
)
Net cash provided by (used in) investing activities
622

(403
)
(52
)
(622
)
(455
)
Cash flows from financing activities
 
 
 
 
 
Purchases of treasury stock
(513
)
—

—

—

(513
)
Common stock dividends paid
(184
)
—

—

—

(184
)
Issuance of common stock
66

—

—

—

66

Excess tax benefit related to exercise of team member stock options
11

—

—

—

11

Proceeds from long-term borrowings
—

—

—

—

—

Payments on long-term debt and capital lease obligations
—

—

—

—

—

Intercompany activity
—

(641
)
19

622

—

Other financing activities
(2
)
—

—

—

(2
)
Net cash provided by (used in) financing activities
(622
)
(641
)
19

622

(622
)
Effect of exchange rate changes on cash and cash equivalents
—

—

(5
)
—

(5
)
Net change in cash and cash equivalents
—

51

(4
)
—

47

Cash and cash equivalents at beginning of period
—

96

94

—

190

Cash and cash equivalents at end of period
$
—

$
147

$
90

$
—

$
237

Condensed Consolidated Statements of Cash Flows
(In millions)
 
September 28, 2014
 
Parent/Issuer
Guarantor Subsidiaries
Non-guarantor Subsidiaries
Eliminations
Consolidated Total
Net cash provided by operating activities
$
—

$
977

$
111

$
—

$
1,088

Cash flows from investing activities
 
 
 
 
 
Purchases of property, plant and equipment
—

(623
)
(87
)
—

(710
)
Purchases of available-for-sale securities
—

(720
)
—

—

(720
)
Sales and maturities of available-for-sale securities
—

1,054

—

—

1,054

Purchases of intangible assets
—

(20
)
—

—

(20
)
Decrease in restricted cash
—

2

—

—

2

Payment for purchase of acquired entities, net of cash acquired
—

(32
)
(41
)
—

(73
)
Intercompany activity
698

—

—

(698
)
—

Other investing activities
—

(17
)
—

—

(17
)
Net cash provided by (used in) investing activities
698

(356
)
(128
)
(698
)
(484
)
Cash flows from financing activities
 
 
 
 
 
Purchases of treasury stock
(578
)
—

—

—

(578
)
Common stock dividends paid
(170
)
—

—

—

(170
)
Issuance of common stock
42

—

—

—

42

Excess tax benefit related to exercise of team member stock options
9

—

—

—

9

Proceeds from long-term borrowings
—

—

—

—

—

Payments on long-term debt and capital lease obligations
—

—

—

—

—

Intercompany activity
—

(730
)
32

698

—

Other financing activities
(1
)
—

—

—

(1
)
Net cash provided by (used in) financing activities
(698
)
(730
)
32

698

(698
)
Effect of exchange rate changes on cash and cash equivalents
—

—

(6
)
—

(6
)
Net change in cash and cash equivalents
—

(109
)
9

—

(100
)
Cash and cash equivalents at beginning of period
—

205

85

—

290

Cash and cash equivalents at end of period
$
—

$
96

$
94

$
—

$
190


Condensed Consolidated Statements of Cash Flows
(In millions)

 
September 29, 2013
 
Parent/Issuer
Guarantor Subsidiaries
Non-guarantor Subsidiaries
Eliminations
Consolidated Total
Net cash provided by operating activities
$
—

$
918

$
91

$
—

$
1,009

Cash flows from investing activities
 
 
 
 
 
Purchases of property, plant and equipment
—

(480
)
(57
)
—

(537
)
Purchases of available-for-sale securities
—

(1,252
)
—

—

(1,252
)
Sales and maturities of available-for-sale securities
—

1,534

—

—

1,534

Purchases of intangible assets
—

(1
)
—

—

(1
)
Increase in restricted cash
—

(8
)
—

—

(8
)
Payment for purchase of acquired entities, net of cash acquired
—

(22
)
—

—

(22
)
Intercompany activity
517

—

—

(517
)
—

Other investing activities
—

(3
)
—

—

(3
)
Net cash provided by (used in) investing activities
517

(232
)
(57
)
(517
)
(289
)
Cash flows from financing activities
 
 
 
 
 
Purchases of treasury stock
(125
)
—

—

—

(125
)
Common stock dividends paid
(508
)
—

—

—

(508
)
Issuance of common stock
81

—

—

—

81

Excess tax benefit related to exercise of team member stock options
37

—

—

—

37

Proceeds from long-term borrowings
—

—

—

—

—

Payments on long-term debt and capital lease obligations
—

—

—

—

—

Intercompany activity
—

(529
)
12

517

—

Other financing activities
(2
)
—

—

—

(2
)
Net cash provided by (used in) financing activities
(517
)
(529
)
12

517

(517
)
Effect of exchange rate changes on cash and cash equivalents
—

—

(2
)
—

(2
)
Net change in cash and cash equivalents
—

157

44

—

201

Cash and cash equivalents at beginning of period
—

48

41

—

89

Cash and cash equivalents at end of period
$
—

$
205

$
85

$
—

$
290