XML 51 R34.htm IDEA: XBRL DOCUMENT
v3.20.2

Debt (Tables) | 12 Months Ended
--- | ---
Sep. 27, 2020
Debt Disclosure [Abstract] |
Components of Long-Term Debt Including Associated Interest Rates and Related Fair Values | Components of long-term debt including the associated interest rates and related fair values by calendar maturity (in millions, except interest rates):
| Sep 27, 2020 |  | Sep 29, 2019 |  | Stated Interest Rate | Effective Interest Rate (1)
Issuance | Face Value | Estimated Fair Value |  | Face Value | Estimated Fair Value |
November 2020 notes | $ | 500.0 |  | 501 |  |  | $ | 500.0 |  | 501 |  |  | 2.200 | % | 2.228 | %
February 2021 notes | 500.0 |  | 502 |  |  | 500.0 |  | 500 |  |  | 2.100 | % | 2.293 | %
February 2021 notes | 250.0 |  | 251 |  |  | 250.0 |  | 250 |  |  | 2.100 | % | 1.600 | %
May 2022 notes(5) | 500.0 |  | 506 |  |  | — |  | — |  |  | 1.300 | % | 1.334 | %
June 2022 notes | 500.0 |  | 518 |  |  | 500.0 |  | 509 |  |  | 2.700 | % | 2.819 | %
March 2023 notes | 1,000.0 |  | 1,059 |  |  | 1,000.0 |  | 1,033 |  |  | 3.100 | % | 3.107 | %
October 2023 notes(2) | 750.0 |  | 818 |  |  | 750.0 |  | 798 |  |  | 3.850 | % | 2.859 | %
March 2024 notes(3) | 806.4 |  | 794 |  |  | 788.3 |  | 795 |  |  | 0.372 | % | 0.462 | %
August 2025 notes | 1,250.0 |  | 1,415 |  |  | 1,250.0 |  | 1,351 |  |  | 3.800 | % | 3.721 | %
June 2026 notes | 500.0 |  | 543 |  |  | 500.0 |  | 502 |  |  | 2.450 | % | 2.511 | %
March 2027 notes(4) | 500.0 |  | 529 |  |  | — |  | — |  |  | 2.000 | % | 2.058 | %
March 2028 notes | 600.0 |  | 680 |  |  | 600.0 |  | 644 |  |  | 3.500 | % | 3.529 | %
November 2028 notes | 750.0 |  | 886 |  |  | 750.0 |  | 837 |  |  | 4.000 | % | 3.958 | %
August 2029 notes | 1,000.0 |  | 1,147 |  |  | 1,000.0 |  | 1,080 |  |  | 3.550 | % | 3.840 | %
March 2030 notes(4) | 750.0 |  | 778 |  |  | — |  | — |  |  | 2.250 | % | 3.084 | %
November 2030 notes(5) | 1,250.0 |  | 1,326 |  |  | — |  | — |  |  | 2.550 | % | 2.582 | %
June 2045 notes | 350.0 |  | 412 |  |  | 350.0 |  | 390 |  |  | 4.300 | % | 4.348 | %
December 2047 notes | 500.0 |  | 547 |  |  | 500.0 |  | 518 |  |  | 3.750 | % | 3.765 | %
November 2048 notes | 1,000.0 |  | 1,223 |  |  | 1,000.0 |  | 1,160 |  |  | 4.500 | % | 4.504 | %
August 2049 notes | 1,000.0 |  | 1,216 |  |  | 1,000.0 |  | 1,165 |  |  | 4.450 | % | 4.447 | %
March 2050 notes(4) | 500.0 |  | 517 |  |  | — |  | — |  |  | 3.350 | % | 3.362 | %
November 2050 notes(5) | 1,250.0 |  | 1,332 |  |  | — |  | — |  |  | 3.500 | % | 3.528 | %
Total | 16,006.4 |  | 17,500 |  |  | 11,238.3 |  | 12,033 |  |  |  |
Aggregate debt issuance costs and unamortized premium/(discount), net | (132.5) |  |  |  | (83.1) |  |  |  |  |
Hedge accounting fair value adjustment(2) | 35.6 |  |  |  | 11.8 |  |  |  |  |
Total | $ | 15,909.5 |  |  |  | $ | 11,167.0 |  |  |  |  |
(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. (2)Amount includes the change in fair value due to changes in benchmark interest rates related to our October 2023 notes. Refer to Note 3, Derivative Financial Instruments, for additional information on our interest rate swap designated as a fair value hedge. (3)Japanese yen-denominated long-term debt. (4)Issued in March 2020. (5)Issued in May 2020.
Long-Term Debt Maturities | The following table summarizes our long-term debt maturities as of September 27, 2020 by fiscal year (in millions):
Fiscal Year | Total
2021 | $ | 1,250.0 |
2022 | 1,000.0 |
2023 | 1,000.0 |
2024 | 1,556.4 |
2025 | 1,250.0 |
Thereafter | 9,950.0 |
Total | $ | 16,006.4 |

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
Name: | us-gaap_ScheduleOfDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturity and sinking fund requirement for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 + Details
Name: | us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration