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Debt (Tables) | 9 Months Ended
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Jun. 27, 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 nine months ended June 27, 2015 (in millions):
Maturities less than 90 days: |  |  |  |
Proceeds from (repayments of) commercial paper, net |  | $ | 579 |
Maturities greater than 90 days: |  |  |  |
Proceeds from commercial paper |  |  | 2,601 |
Repayments of commercial paper |  |  | (4,988 | )
Maturities greater than 90 days, net |  |  | (2,387 | )
Total change in commercial paper, net |  | $ | (1,808 | )
Summary of Long-Term Debt | The following table provides a summary of the Company’s long-term debt as of June 27, 2015 and September 27, 2014:
|  | Maturities |  |  | June 27, 2015 |  |  | September 27, 2014 |
|  |  | Amount (in millions) |  |  | Effective Interest Rate |  |  | Amount (in millions) |  |  | Effective Interest Rate |
2013 debt issuance of $17.0 billion: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Floating-rate notes |  |  | 2016 - 2018 |  |  | $ | 3,000 |  |  |  | 0.51% - 1.10% |  |  | $ | 3,000 |  |  |  | 0.51% - 1.10% |
Fixed-rate 0.45% - 3.85% notes |  |  | 2016 - 2043 |  |  |  | 14,000 |  |  |  | 0.51% - 3.91% |  |  |  | 14,000 |  |  |  | 0.51% - 3.91% |
2014 debt issuance of $12.0 billion: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Floating-rate notes |  |  | 2017 - 2019 |  |  |  | 2,000 |  |  |  | 0.35% - 0.58% |  |  |  | 2,000 |  |  |  | 0.31% - 0.54% |
Fixed-rate 1.05% - 4.45% notes |  |  | 2017 - 2044 |  |  |  | 10,000 |  |  |  | 0.34% - 4.48% |  |  |  | 10,000 |  |  |  | 0.30% - 4.48% |
First quarter 2015 euro-denominated debt issuance of €2.8 billion: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fixed-rate 1.00% notes |  |  | 2022 |  |  |  | 1,567 |  |  |  | 2.94% |  |  |  | 0 |  |  |  | 0 |
Fixed-rate 1.63% notes |  |  | 2026 |  |  |  | 1,567 |  |  |  | 3.45% |  |  |  | 0 |  |  |  | 0 |
Second quarter 2015 debt issuance of $6.5 billion: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Floating-rate notes |  |  | 2020 |  |  |  | 500 |  |  |  | 0.53% |  |  |  | 0 |  |  |  | 0 |
Fixed-rate 1.55% notes |  |  | 2020 |  |  |  | 1,250 |  |  |  | 0.53% |  |  |  | 0 |  |  |  | 0 |
Fixed-rate 2.15% notes |  |  | 2022 |  |  |  | 1,250 |  |  |  | 0.84% |  |  |  | 0 |  |  |  | 0 |
Fixed-rate 2.50% notes |  |  | 2025 |  |  |  | 1,500 |  |  |  | 2.60% |  |  |  | 0 |  |  |  | 0 |
Fixed-rate 3.45% notes |  |  | 2045 |  |  |  | 2,000 |  |  |  | 3.58% |  |  |  | 0 |  |  |  | 0 |
Second quarter 2015 Swiss franc-denominated debt issuance of SFr1.3 billion: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fixed-rate 0.38% notes |  |  | 2024 |  |  |  | 939 |  |  |  | 0.28% |  |  |  | 0 |  |  |  | 0 |
Fixed-rate 0.75% notes |  |  | 2030 |  |  |  | 403 |  |  |  | 0.74% |  |  |  | 0 |  |  |  | 0 |
Third quarter 2015 debt issuance of $8.0 billion: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Floating-rate notes |  |  | 2017 |  |  |  | 250 |  |  |  | 0.33% |  |  |  | 0 |  |  |  | 0 |
Floating-rate notes |  |  | 2020 |  |  |  | 500 |  |  |  | 0.58% |  |  |  | 0 |  |  |  | 0 |
Fixed-rate 0.90% notes |  |  | 2017 |  |  |  | 750 |  |  |  | 0.32% |  |  |  | 0 |  |  |  | 0 |
Fixed-rate 2.00% notes |  |  | 2020 |  |  |  | 1,250 |  |  |  | 0.57% |  |  |  | 0 |  |  |  | 0 |
Fixed-rate 2.70% notes |  |  | 2022 |  |  |  | 1,250 |  |  |  | 0.95% |  |  |  | 0 |  |  |  | 0 |
Fixed-rate 3.20% notes |  |  | 2025 |  |  |  | 2,000 |  |  |  | 1.18% |  |  |  | 0 |  |  |  | 0 |
Fixed-rate 4.38% notes |  |  | 2045 |  |  |  | 2,000 |  |  |  | 4.40% |  |  |  | 0 |  |  |  | 0 |
Third quarter 2015 yen-denominated debt issuance of ¥250.0 billion: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fixed-rate 0.35% notes |  |  | 2020 |  |  |  | 2,016 |  |  |  | 0.35% |  |  |  | 0 |  |  |  | 0 |
Total borrowings |  |  |  |  |  |  | 49,992 |  |  |  |  |  |  |  | 29,000 |  |  |  |  |
Unamortized discount |  |  |  |  |  |  | (97 | ) |  |  |  |  |  |  | (52 | ) |  |  |  |
Hedge accounting fair value adjustments |  |  |  |  |  |  | 24 |  |  |  |  |  |  |  | 39 |  |  |  |  |
Less: Current portion of long-term debt |  |  |  |  |  |  | (2,500 | ) |  |  |  |  |  |  | 0 |  |  |  |  |
Total long-term debt |  |  |  |  |  | $ | 47,419 |  |  |  |  |  |  | $ | 28,987 |  |  |  |  |
Future Principal Payments for Notes | Future principal payments for the Company’s Notes as of June 27, 2015 are as follows (in millions):
2015 |  | $ | 0 |
2016 |  |  | 2,500 |
2017 |  |  | 3,500 |
2018 |  |  | 6,000 |
2019 |  |  | 3,000 |
Thereafter |  |  | 34,992 |
Total future principal payments |  | $ | 49,992 |

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