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Debt (Tables) | 12 Months Ended
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Sep. 26, 2020
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 2020, 2019 and 2018 (in millions):
| 2020 |  | 2019 |  | 2018
Maturities 90 days or less: |  |  |  |  |
Proceeds from/(Repayments of) commercial paper, net | $ | 100 |  |  | $ | (3,248) |  |  | $ | 1,044 |
Maturities greater than 90 days: |  |  |  |  |
Proceeds from commercial paper | 6,185 |  |  | 13,874 |  |  | 14,555 |
Repayments of commercial paper | (7,248) |  |  | (16,603) |  |  | (15,636) |
Repayments of commercial paper, net | (1,063) |  |  | (2,729) |  |  | (1,081) |
Total repayments of commercial paper, net | $ | (963) |  |  | $ | (5,977) |  |  | $ | (37) |
Summary of Term Debt | The following table provides a summary of the Company’s term debt as of September 26, 2020 and September 28, 2019:
| Maturities (calendar year) |  | 2020 |  | 2019
| Amount (in millions) |  | Effective Interest Rate |  | Amount (in millions) |  | Effective Interest Rate
2013 – 2019 debt issuances: |  |  |  |  |  |  |  |  |
Floating-rate notes | 2021 – 2022 |  | $ | 2,250 |  |  | 0.60% – 1.39% |  | $ | 4,250 |  |  | 2.25% – 3.28%
Fixed-rate 0.375% – 4.650% notes | 2020 – 2049 |  | 87,487 |  |  | 0.28% – 4.78% |  | 97,429 |  |  | 0.28% – 4.78%
First quarter 2020 debt issuance of €2.0 billion: |  |  |  |  |  |  |  |  |
Fixed-rate 0.000% – 0.500% notes | 2025 – 2031 |  | 2,341 |  |  | 0.03% – 0.56% |  | — |  |  | — | %
Third quarter 2020 debt issuance of $8.5 billion: |  |  |  |  |  |  |  |  |
Fixed-rate 0.750% – 2.650% notes | 2023 – 2050 |  | 8,500 |  |  | 0.84% – 2.72% |  | — |  |  | — | %
Fourth quarter 2020 debt issuance of $5.5 billion: |  |  |  |  |  |  |  |  |
Fixed-rate 0.550% – 2.550% notes | 2025 – 2060 |  | 5,500 |  |  | 0.60% – 2.59% |  | — |  |  | — | %
Total term debt |  |  | 106,078 |  |  |  |  | 101,679 |  |  |
Unamortized premium/(discount) and issuance costs, net |  |  | (314) |  |  |  |  | (224) |  |  |
Hedge accounting fair value adjustments |  |  | 1,676 |  |  |  |  | 612 |  |  |
Less: Current portion of term debt |  |  | (8,773) |  |  |  |  | (10,260) |  |  |
Total non-current portion of term debt |  |  | $ | 98,667 |  |  |  |  | $ | 91,807 |  |  |
Future Principal Payments for Notes | The future principal payments for the Company’s Notes as of September 26, 2020, are as follows (in millions):
2021 | $ | 8,750 |
2022 | 9,569 |
2023 | 11,389 |
2024 | 10,115 |
2025 | 10,914 |
Thereafter | 55,341 |
Total term debt | $ | 106,078 |

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- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=119993939&loc=d3e28541-108399 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21506-112644 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=119993939&loc=d3e28551-108399 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21521-112644 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21538-112644 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21475-112644 + Details
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