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Debt Obligations
 3 Months Ended
Mar. 25, 2023
Debt Disclosure [Abstract]  
Debt Disclosure Debt Obligations
In the 12 weeks ended March 25, 2023, we issued the following notes:
Interest RateMaturity Date
Principal Amount(a)
Floating rateFebruary 2026$350 
4.550 %February 2026$500 
4.450 %May 2028$650 
4.450 %February 2033$1,000 
4.650 %February 2053$500 
(a)Excludes debt issuance costs, discounts and premiums.
The net proceeds from the issuances of the above notes were used for general corporate purposes, including the repayment of commercial paper.
In the 12 weeks ended March 25, 2023, $1.3 billion of USD-denominated senior notes matured and were paid. Subsequent to March 25, 2023, we discharged via legal defeasance $94 million outstanding principal amount of certain notes originally issued by our subsidiary, The Quaker Oats Company, following the deposit of $102 million of U.S. government securities with the Bank of New York Mellon, as trustee, in the fourth quarter of 2022.
As of March 25, 2023, we had $800 million of commercial paper outstanding, excluding discounts.