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Debt | 3 Months Ended
--- | ---
Jan. 02, 2016
Debt Instruments [Abstract] |
Debt | DEBT The major components of debt are as follows (in millions):
| January 2, 2016 |  | October 3, 2015
Revolving credit facility | $ | — |  |  | $ | — |
Senior notes: |  |  |
6.60% Senior notes due April 2016 | 638 |  |  | 638 |
7.00% Notes due May 2018 | 120 |  |  | 120 |
2.65% Notes due August 2019 | 1,000 |  |  | 1,000 |
4.10% Notes due September 2020 | 285 |  |  | 285 |
4.50% Senior notes due June 2022 | 1,000 |  |  | 1,000 |
3.95% Notes due August 2024 | 1,250 |  |  | 1,250 |
7.00% Notes due January 2028 | 18 |  |  | 18 |
6.13% Notes due November 2032 | 163 |  |  | 163 |
4.88% Notes due August 2034 | 500 |  |  | 500 |
5.15% Notes due August 2044 | 500 |  |  | 500 |
Discount on senior notes | (9 | ) |  | (10 | )
Term loans: |  |  |
3-year tranche B (1.44% at 1/2/2016) | 500 |  |  | 500 |
5-year tranche B (1.88% at 1/2/2016) | 552 |  |  | 552 |
Amortizing notes - tangible equity units (see Note 7: Equity) | 123 |  |  | 140 |
Other | 65 |  |  | 69 |
Total debt | 6,705 |  |  | 6,725 |
Less current debt | 717 |  |  | 715 |
Total long-term debt | $ | 5,988 |  |  | $ | 6,010 |
Revolving Credit Facility We have a $1.25 billion revolving credit facility that supports short-term funding needs and letters of credit. The facility will mature and the commitments thereunder will terminate in September 2019. After reducing for the amount borrowed and outstanding letters of credit issued under this facility, the amount available for borrowing at January 2, 2016, was $1,244 million. At January 2, 2016, we had outstanding letters of credit issued under this facility totaling $6 million, none of which were drawn upon. We had an additional $93 million of bilateral letters of credit issued separately from the revolving credit facility, none of which were drawn upon. Our letters of credit are issued primarily in support of leasing obligations and workers’ compensation insurance programs. The revolving credit facility is unsecured and is fully guaranteed by Tyson Fresh Meats, Inc. (TFM Parent), our wholly owned subsidiary, until such date TFM Parent is released from all of its guarantees of other material indebtedness. If in the future any of our other subsidiaries shall guarantee any of our material indebtedness, such subsidiary shall also be required to guarantee the indebtedness, obligations and liabilities under this facility. Debt Covenants Our revolving credit and term loan facilities contain affirmative and negative covenants that, among other things, may limit or restrict our ability to: create liens and encumbrances; incur debt; merge, dissolve, liquidate or consolidate; make acquisitions and investments; dispose of or transfer assets; change the nature of our business; engage in certain transactions with affiliates; and enter into hedging transactions, in each case, subject to certain qualifications and exceptions. In addition, we are required to maintain minimum interest expense coverage and maximum debt-to-capitalization ratios. Our senior notes also contain affirmative and negative covenants that, among other things, may limit or restrict our ability to: create liens; engage in certain sale/leaseback transactions; and engage in certain consolidations, mergers and sales of assets. We were in compliance with all debt covenants at January 2, 2016.

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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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