| Schedule of long-term debt |
The following table provides a summary of the Company’s long-term debt (in millions, except percentages):
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June 24, 2018 |
|
September 24, 2017 |
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|
Amount |
|
Effective
Rate
|
|
Amount |
|
Effective
Rate
|
May 2015 Notes |
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|
|
|
|
|
|
Floating-rate three-month LIBOR plus 0.27% notes due May 18, 2018 |
$ |
— |
|
|
|
|
$ |
250 |
|
|
1.65% |
|
Floating-rate three-month LIBOR plus 0.55% notes due May 20, 2020 |
250 |
|
|
2.94% |
|
250 |
|
|
1.92% |
|
Fixed-rate 1.40% notes due May 18, 2018 |
— |
|
|
|
|
1,250 |
|
|
1.93% |
|
Fixed-rate 2.25% notes due May 20, 2020 |
1,750 |
|
|
3.08% |
|
1,750 |
|
|
2.20% |
|
Fixed-rate 3.00% notes due May 20, 2022 |
2,000 |
|
|
3.66% |
|
2,000 |
|
|
2.65% |
|
Fixed-rate 3.45% notes due May 20, 2025 |
2,000 |
|
|
3.46% |
|
2,000 |
|
|
3.46% |
|
Fixed-rate 4.65% notes due May 20, 2035 |
1,000 |
|
|
4.74% |
|
1,000 |
|
|
4.74% |
|
Fixed-rate 4.80% notes due May 20, 2045 |
1,500 |
|
|
4.71% |
|
1,500 |
|
|
4.71% |
May 2017 Notes |
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|
|
|
|
|
|
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Floating-rate three-month LIBOR plus 0.36% notes due May 20, 2019 |
695 |
|
|
3.88% |
|
750 |
|
|
1.80% |
|
Floating-rate three-month LIBOR plus 0.45% notes due May 20, 2020 |
485 |
|
|
4.54% |
|
500 |
|
|
1.86% |
|
Floating-rate three-month LIBOR plus 0.73% notes due January 30, 2023 |
500 |
|
|
3.16% |
|
500 |
|
|
2.11% |
|
Fixed-rate 1.85% notes due May 20, 2019 |
1,127 |
|
|
3.55% |
|
1,250 |
|
|
2.00% |
|
Fixed-rate 2.10% notes due May 20, 2020 |
1,500 |
|
|
4.09% |
|
1,500 |
|
|
2.19% |
|
Fixed-rate 2.60% notes due January 30, 2023 |
1,500 |
|
|
2.70% |
|
1,500 |
|
|
2.70% |
|
Fixed-rate 2.90% notes due May 20, 2024 |
1,500 |
|
|
3.01% |
|
1,500 |
|
|
3.01% |
|
Fixed-rate 3.25% notes due May 20, 2027 |
2,000 |
|
|
3.46% |
|
2,000 |
|
|
3.46% |
|
Fixed-rate 4.30% notes due May 20, 2047 |
1,500 |
|
|
4.74% |
|
1,500 |
|
|
4.47% |
May 2018 Notes |
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|
|
|
|
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Floating-rate three-month LIBOR plus 0.36% notes due May 21, 2019 |
52 |
|
|
3.08% |
|
— |
|
|
|
|
Floating-rate three-month LIBOR plus 0.45% notes due May 21, 2020 |
14 |
|
|
3.00% |
|
— |
|
|
|
|
Fixed-rate 1.85% notes due May 21, 2019 |
56 |
|
|
2.28% |
|
— |
|
|
|
Total principal |
19,429 |
|
|
|
|
21,000 |
|
|
|
|
Unamortized discount, including debt issuance costs |
(90 |
) |
|
|
|
(106 |
) |
|
|
|
Hedge accounting fair value adjustments |
(48 |
) |
|
|
|
— |
|
|
|
|
Total |
$ |
19,291 |
|
|
|
|
$ |
20,894 |
|
|
|
Reported as: |
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|
|
|
|
|
|
|
Short-term debt |
$ |
3,913 |
|
|
|
|
$ |
1,496 |
|
|
|
|
Long-term debt |
15,378 |
|
|
|
|
19,398 |
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Total |
$ |
19,291 |
|
|
|
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$ |
20,894 |
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