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Debt | 9 Months Ended
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Jun. 26, 2016
Debt Disclosure [Abstract] |
Debt | Debt Short-term Debt Under our commercial paper program, we may issue unsecured commercial paper notes up to a maximum aggregate amount outstanding at any time of $1 billion, with individual maturities that may vary but not exceed 397 days from the date of issue. Amounts outstanding under the commercial paper program are required to be backstopped by available commitments under our credit facility. We issue commercial paper from time to time, and the proceeds from borrowings are used for working capital needs, capital expenditures and other corporate purposes, including business expansion, payment of cash dividends on our common stock and share repurchases. As of June 26, 2016, we had no borrowings outstanding under the program. Long-term Debt In May 2016, we issued additional long-term debt in an underwritten registered public offering, which consisted of $500 million of 10-year 2.450% Senior Notes (the "2026 notes") due June 2026. Interest on the 2026 notes is payable semi-annually on June 15 and December 15 of each year, commencing on December 15, 2016. In February 2016, we issued long-term debt in an underwritten registered public offering, which consisted of $500 million of 5-year 2.100% Senior Notes (the "2021 notes") due February 2021. In May 2016, we reopened this offering with the same terms and issued an additional $250 million of Senior Notes for an aggregate amount outstanding of $750 million. Interest on the 2021 notes is payable semi-annually on February 4 and August 4 of each year, commencing on August 4, 2016. Components of long-term debt including the associated interest rates and related estimated fair values by calendar maturity (in millions, except interest rates):
| Jun 26, 2016 |  | Sep 27, 2015 |  | Stated Interest Rate | Effective Interest Rate (1)
Issuance | Face Value | Estimated Fair Value |  | Face Value | Estimated Fair Value |
2016 notes | $ | 400.0 |  | $ | 400 |  |  | $ | 400.0 |  | $ | 400 |  |  | 0.875 | % | 0.941 | %
2018 notes | 350.0 |  | 358 |  |  | 350.0 |  | 354 |  |  | 2.000 | % | 2.012 | %
2021 notes | 500.0 |  | 512 |  |  | — |  | — |  |  | 2.100 | % | 2.293 | %
2021 notes | 250.0 |  | 256 |  |  | — |  | — |  |  | 2.100 | % | 1.600 | %
2022 notes | 500.0 |  | 527 |  |  | 500.0 |  | 503 |  |  | 2.700 | % | 2.819 | %
2023 notes | 750.0 |  | 845 |  |  | 750.0 |  | 790 |  |  | 3.850 | % | 2.860 | %
2026 notes | 500.0 |  | 504 |  |  | — |  | — |  |  | 2.450 | % | 2.511 | %
2045 notes | 350.0 |  | 406 |  |  | 350.0 |  | 355 |  |  | 4.300 | % | 4.348 | %
Total | 3,600.0 |  | 3,808 |  |  | 2,350.0 |  | 2,402 |  |  |  |
Aggregate unamortized premium/(discount) | 2.2 |  |  |  | (2.5 | ) |  |  |  |
Total | $ | 3,602.2 |  |  |  | $ | 2,347.5 |  |  |  |  |
(1) | Includes the effects of the amortization of any premium or discount and any gain or loss upon settlement of related treasury locks or forward-starting interest rate swaps utilized to hedge the interest rate risk prior to the debt issuance.
The indentures under which the above notes were issued require us to maintain compliance with certain covenants, including limits on future liens and sale and leaseback transactions on certain material properties. As of June 26, 2016, we were in compliance with all applicable covenants. The following table summarizes our long-term debt maturities as of June 26, 2016 by fiscal year (in millions):
Maturities | Total
2016 | $ | — |
2017 | 400.0 |
2018 | — |
2019 | 350.0 |
2020 | — |
Thereafter | 2,850.0 |
Total | $ | 3,600.0 |

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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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19,20,22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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