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Debt (Tables)
 6 Months Ended
Mar. 26, 2016
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 26, 2016 and March 28, 2015 (in millions):

 

                                                 
     Six Months Ended  
     March 26,
2016		      March 28,
2015		  

Maturities less than 90 days:

      

Proceeds from (repayments of) commercial paper, net

    $ 660       $ 985   

Maturities greater than 90 days:

      

Proceeds from commercial paper

      669         547   

Repayments of commercial paper

      (1,832 )       (4,040 ) 
  

 

 

     

 

 

  

Proceeds from (repayments of) commercial paper, net

      (1,163 )       (3,493 ) 
  

 

 

     

 

 

  

Total change in commercial paper, net

    $ (503 )     $ (2,508 ) 
  

 

 

     

 

 

  
Summary of Term Debt

The following table provides a summary of the Company’s term debt as of March 26, 2016 and September 26, 2015:

 

          March, 26, 2016     September 26, 2015  
    Maturities     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        0.69% - 0.92%        2,000        0.37% - 0.60%   

Fixed-rate 1.05% - 4.45% notes

     2017 - 2044        10,000        0.69% - 4.48%        10,000        0.37% - 4.48%   
         

2015 debt issuances of $27.3 billion:

          

Floating-rate notes

     2017 - 2020        1,781        0.67% - 1.87%        1,743        0.36% - 1.87%   

Fixed-rate 0.35% - 4.375% notes

     2017 - 2045        25,063        0.28% - 4.51%        24,958        0.28% - 4.51%   
         

Second quarter 2016 debt issuance of $15.5 billion:

          

Floating-rate notes

     2019        500        1.44%        0        0   

Floating-rate notes

     2021        500        1.75%        0        0   

Fixed-rate 1.30% notes

     2018        500        1.32%        0        0   

Fixed-rate 1.70% notes

     2019        1,000        1.71%        0        0   

Fixed-rate 2.25% notes

     2021        3,000        1.80%        0        0   

Fixed-rate 2.85% notes

     2023        1,500        2.48%        0        0   

Fixed-rate 3.25% notes

     2026        3,250        2.33%        0        0   

Fixed-rate 4.50% notes

     2036        1,250        4.54%        0        0   

Fixed-rate 4.65% notes

     2046        4,000        4.58%        0        0   
   

 

 

      

 

 

    

Total debt issuance

       15,500          0     
   

 

 

      

 

 

    

Total term debt

       71,344          55,701     

Unamortized premium/(discount)

       15          (114 )   

Hedge accounting fair value adjustments

       515          376     

Less: Current portion of long-term debt

       (2,500 )        (2,500 )   
   

 

 

      

 

 

    

Total long-term debt

     $ 69,374        $ 53,463