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Cash, Cash Equivalents, Restricted Cash and Borrowings (Tables)

9 Months Ended

Jul. 03, 2021

Schedule of Cash Flow, Supplemental Disclosures

The following table provides a reconciliation of cash, cash equivalents and restricted cash reported in the Condensed Consolidated Balance Sheet to the total of the amounts reported in the Condensed Consolidated Statements of Cash Flows.

						July 3, 2021						October 3, 2020
Cash and cash equivalents						$	16,070					$	17,914
Restricted cash included in:
Other current assets						3						3
Other assets						42						37
Total cash, cash equivalents and restricted cash in the statement of cash flows						$	16,115					$	17,954

Borrowing Activity

During the nine months ended July 3, 2021, the Company’s borrowing activity was as follows: 

			October 3, 2020						Borrowings						Payments												Other Activity						July 3, 2021
Commercial paper with original maturities greater than three months			$	2,023					$	1,558					$	(1,657)											$	(5)					$	1,919
U.S. dollar denominated notes(1)			52,736						—						(2,163)												(101)						50,472
Asia Theme Parks borrowings(2)			1,303						35						(84)												97						1,351
Foreign currency denominated debt and other(3)			2,566						8						(72)												(406)						2,096
			$	58,628					$	1,601					$	(3,976)											$	(415)					$	55,838

(1)The other activity is primarily due to the amortization of purchase price adjustments on debt assumed in the TFCF acquisition and debt issuance fees.

(2)The other activity is primarily due to the impact of changes in foreign currency exchange rates.

(3)The other activity is due to market value adjustments for debt with qualifying hedges, partially offset by the impact of changes in foreign currency exchange rates.

Line of Credit Facilities

At July 3, 2021, the Company’s bank facilities, which are with a syndicate of lenders and support our commercial paper borrowings, were as follows:

			Committed Capacity						Capacity Used						Unused Capacity
Facility expiring March 2022			$	5,250					$	—					$	5,250
Facility expiring March 2023			4,000						—						4,000
Facility expiring March 2025			3,000						—						3,000
Total			$	12,250					$	—					$	12,250

Interest Expense, net

Interest expense (net of amounts capitalized), interest and investment income, and net periodic pension and postretirement benefit costs (other than service costs) (see Note 9) are reported net in the Condensed Consolidated Statements of Operations and consist of the following:

			Quarter Ended												Nine Months Ended
			July 3, 2021						June 27, 2020						July 3, 2021						June 27, 2020
Interest expense			$	(404)					$	(456)					$	(1,223)					$	(1,183)
Interest and investment income (loss)			(9)						41						234						180
Net periodic pension and postretirement benefit costs (other than service costs)			(32)						3						(100)						8
Interest expense, net			$	(445)					$	(412)					$	(1,089)					$	(995)

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The entire disclosure for interest income and interest expense for enterprises that derive a significant portion of their revenue from interest collected on investments, loans, and securities.

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