XML 35 R24.htm IDEA: XBRL DOCUMENT v3.21.1
Debt (Tables)
 6 Months Ended
Mar. 27, 2021
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 ended March 27, 2021 and March 28, 2020 (in millions):
Six Months Ended
March 27,
2021		March 28,
2020
Maturities 90 days or less:
Proceeds from commercial paper, net$2,008 $1,377 
Maturities greater than 90 days:
Proceeds from commercial paper1,368 4,797 
Repayments of commercial paper(3,354)(4,656)
Proceeds from/(Repayments of) commercial paper, net(1,986)141 
Total proceeds from commercial paper, net$22 $1,518 
Summary of Term Debt The following table provides a summary of the Company’s term debt as of March 27, 2021 and September 26, 2020:
Maturities
(calendar year)
March 27, 2021September 26, 2020
Amount
(in millions)
Effective
Interest Rate
Amount
(in millions)
Effective
Interest Rate
2013 – 2020 debt issuances:
Floating-rate notes
2022
$1,750 
0.55% – 0.69%
$2,250 
0.60% – 1.39%
Fixed-rate 0.000% – 4.650% notes
2021 – 2060
100,255 
0.03% – 4.78%
103,828 
0.03% – 4.78%
2021 debt issuance:
Fixed-rate 0.700% – 2.800% notes
2026 – 2061
14,000 
0.75% – 2.81%
— — %
Total term debt116,005 106,078 
Unamortized premium/(discount) and issuance costs, net
(371)(314)
Hedge accounting fair value adjustments1,011 1,676 
Less: Current portion of term debt(8,003)(8,773)
Total non-current portion of term debt$108,642 $98,667