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v3.23.2

Debt (Tables) | 9 Months Ended
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Jul. 02, 2023
Debt Disclosure [Abstract] |
Components of Long-Term Debt Including Associated Interest Rates and Related Estimated Fair Values | Components of long-term debt including the associated interest rates and related estimated fair values by calendar maturity (in millions, except interest rates):
| Jul 2, 2023 |  | Oct 2, 2022 |  | Stated Interest Rate | Effective Interest Rate(1)
Issuance | Amount | Estimated Fair Value |  | Amount | Estimated Fair Value |
March 2023 notes | $ | — |  | $ | — |  |  | $ | 1,000.0 |  | $ | 996.5 |  |  | 3.100 | % | 3.107 | %
October 2023 notes(2) | 750.0 |  | 747.1 |  |  | 750.0 |  | 744.8 |  |  | 3.850 | % | 2.859 | %
February 2024 notes(3) | 500.0 |  | 500.4 |  |  | 500.0 |  | 497.3 |  |  | 5.600 | % | 5.830 | %
March 2024 notes(4) | 587.2 |  | 586.9 |  |  | 588.4 |  | 584.7 |  |  | 0.372 | % | 0.462 | %
August 2025 notes | 1,250.0 |  | 1,209.1 |  |  | 1,250.0 |  | 1,209.6 |  |  | 3.800 | % | 3.721 | %
February 2026 notes | 1,000.0 |  | 990.0 |  |  | — |  | — |  |  | 4.750 | % | 4.788 | %
June 2026 notes | 500.0 |  | 464.6 |  |  | 500.0 |  | 458.3 |  |  | 2.450 | % | 2.511 | %
March 2027 notes | 500.0 |  | 449.5 |  |  | 500.0 |  | 437.9 |  |  | 2.000 | % | 2.058 | %
March 2028 notes | 600.0 |  | 563.2 |  |  | 600.0 |  | 554.8 |  |  | 3.500 | % | 3.529 | %
November 2028 notes | 750.0 |  | 719.0 |  |  | 750.0 |  | 704.7 |  |  | 4.000 | % | 3.958 | %
August 2029 notes(2) | 1,000.0 |  | 931.1 |  |  | 1,000.0 |  | 900.3 |  |  | 3.550 | % | 3.840 | %
March 2030 notes | 750.0 |  | 634.4 |  |  | 750.0 |  | 607.7 |  |  | 2.250 | % | 3.084 | %
November 2030 notes | 1,250.0 |  | 1,061.2 |  |  | 1,250.0 |  | 1,017.9 |  |  | 2.550 | % | 2.582 | %
February 2032 notes | 1,000.0 |  | 864.9 |  |  | 1,000.0 |  | 827.1 |  |  | 3.000 | % | 3.155 | %
February 2033 notes | 500.0 |  | 493.1 |  |  | — |  | — |  |  | 4.800 | % | 3.798 | %
June 2045 notes | 350.0 |  | 304.5 |  |  | 350.0 |  | 281.5 |  |  | 4.300 | % | 4.348 | %
December 2047 notes | 500.0 |  | 393.5 |  |  | 500.0 |  | 369.6 |  |  | 3.750 | % | 3.765 | %
November 2048 notes | 1,000.0 |  | 890.3 |  |  | 1,000.0 |  | 824.6 |  |  | 4.500 | % | 4.504 | %
August 2049 notes | 1,000.0 |  | 881.3 |  |  | 1,000.0 |  | 817.8 |  |  | 4.450 | % | 4.447 | %
March 2050 notes | 500.0 |  | 367.5 |  |  | 500.0 |  | 342.0 |  |  | 3.350 | % | 3.362 | %
November 2050 notes | 1,250.0 |  | 945.2 |  |  | 1,250.0 |  | 874.9 |  |  | 3.500 | % | 3.528 | %
Total | 15,537.2 |  | 13,996.8 |  |  | 15,038.4 |  | 13,052.0 |  |  |  |
Aggregate debt issuance costs and unamortized premium/(discount), net | (116.6) |  |  |  | (117.2) |  |  |  |  |
Hedge accounting fair value adjustment(2) | (40.3) |  |  |  | (52.3) |  |  |  |  |
Total | $ | 15,380.3 |  |  |  | $ | 14,868.9 |  |  |  |  |
(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 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 hedging our October 2023 notes and $350 million of our August 2029 notes. Refer to Note 3, Derivative Financial Instruments, for additional information on our interest rate swaps designated as fair value hedges. (3)Floating rate notes which bear interest at a rate equal to Compounded SOFR (as defined in the February 2024 notes) plus 0.420%, resulting in a stated interest rate of 5.600% at July 2, 2023. (4)Japanese yen-denominated long-term debt.
Long-Term Debt Maturities | The following table summarizes our long-term debt maturities as of July 2, 2023 by fiscal year (in millions):
Fiscal Year | Total
2023 | $ | 750.0 |
2024 | 1,087.2 |
2025 | 1,250.0 |
2026 | 1,500.0 |
2027 | 500.0 |
Thereafter | 10,450.0 |
Total | $ | 15,537.2 |

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