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Debt | 6 Months Ended
--- | ---
Mar. 31, 2020
Debt Disclosure [Abstract] |
Debt | Note 8—Debt The Company had outstanding debt as follows:
| March 31, 2020 |  | September 30, 2019 |  | Effective Interest Rate(1)
| (in millions, except percentages)
Commercial paper | $ | 1,002 |  |  | $ | — |  |  | 1.55 | %
2.20% Senior Notes due December 2020 | 3,000 |  |  | 3,000 |  |  | 2.30 | %
2.15% Senior Notes due September 2022 | 1,000 |  |  | 1,000 |  |  | 2.30 | %
2.80% Senior Notes due December 2022 | 2,250 |  |  | 2,250 |  |  | 2.89 | %
3.15% Senior Notes due December 2025 | 4,000 |  |  | 4,000 |  |  | 3.26 | %
2.75% Senior Notes due September 2027 | 750 |  |  | 750 |  |  | 2.91 | %
4.15% Senior Notes due December 2035 | 1,500 |  |  | 1,500 |  |  | 4.23 | %
4.30% Senior Notes due December 2045 | 3,500 |  |  | 3,500 |  |  | 4.37 | %
3.65% Senior Notes due September 2047 | 750 |  |  | 750 |  |  | 3.73 | %
Total debt | 17,752 |  |  | 16,750 |  |  |
Unamortized discounts and debt issuance costs | (103 | ) |  | (108 | ) |  |
Hedge accounting fair value adjustments(2) | 243 |  |  | 87 |  |  |
Total carrying value of debt | $ | 17,892 |  |  | $ | 16,729 |  |  |
Reported as: |  |  |  |  |
Current maturities of debt | $ | 3,999 |  |  | $ | — |  |  |
Long-term debt | 13,893 |  |  | 16,729 |  |  |
Total carrying value of debt | $ | 17,892 |  |  | $ | 16,729 |  |  |
(1) | Effective interest rates disclosed do not reflect hedge accounting adjustments.
(2) | Represents the change in fair value of interest rate swap agreements entered into on a portion of certain outstanding senior notes.
Commercial Paper Program Visa maintains a commercial paper program to support its working capital requirements and for other general corporate purposes. Under the program, the Company is authorized to issue up to $3.0 billion in outstanding notes, with maturities up to 397 days from the date of issuance. At March 31, 2020, the commercial paper outstanding had remaining maturities of less than 12 months. Senior Notes In April 2020, the Company issued fixed-rate senior notes in a public offering in an aggregate principal amount of $4.0 billion, with maturities ranging between 7 and 20 years. The April 2027 Notes, 2030 Notes and 2040 Notes, or collectively, the "2020 Notes", have interest rates of 1.90%, 2.05% and 2.70%, respectively. Interest on the 2020 Notes is payable semi-annually on April 15 and October 15 of each year, commencing October 15, 2020. The net aggregate proceeds, after deducting discounts and debt issuance costs, were approximately $4.0 billion. The Company plans to use the net proceeds for general corporate purposes.

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
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