Annual report pursuant to Section 13 and 15(d)

Debt (Tables)

v3.19.3
Debt (Tables)
 12 Months Ended
Sep. 29, 2019
Debt Disclosure [Abstract]  
Long-term debt
The following table provides a summary of our long-term debt and current portion of long-term debt (in millions, except percentages):
 
 
September 29, 2019
 
September 30, 2018
 
 

Amount
 
Effective Rate
 
Amount
 
Effective Rate
May 2015 Notes
 
 
 
 
 
 
 
 
Floating-rate three-month LIBOR plus 0.55% notes due May 20, 2020
$
250

 
2.74%
 
$
250

 
2.93%
 
Fixed-rate 2.25% notes due May 20, 2020
1,750

 
2.64%
 
1,750

 
3.13%
 
Fixed-rate 3.00% notes due May 20, 2022
2,000

 
2.89%
 
2,000

 
3.73%
 
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

 
4.73%
 
1,000

 
4.73%
 
Fixed-rate 4.80% notes due May 20, 2045
1,500

 
4.72%
 
1,500

 
4.72%
May 2017 Notes
 
 
 
 
 
 
 
 
Floating-rate three-month LIBOR plus 0.73% notes due January 30, 2023
500

 
3.06%
 
500

 
3.14%
 
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

 
3.45%
 
2,000

 
3.46%
 
Fixed-rate 4.30% notes due May 20, 2047
1,500

 
4.47%
 
1,500

 
4.47%
 
Total principal
15,500

 
 
 
15,500

 
 
 
Unamortized discount, including debt issuance costs
(75
)
 
 
 
(85
)
 
 
 
Hedge accounting fair value adjustments
9

 
 
 
(50
)
 
 
 
Total long-term debt
$
15,434

 
 
 
$
15,365

 
 
Reported as:
 
 
 
 
 
 
 
 
Short-term debt
$
1,997

 
 
 
$
—

 
 
 
Long-term debt
13,437

 
 
 
15,365

 
 
 
Total
$
15,434

 
 
 
$
15,365