| Summary of Cash Flows Associated With Issuance and Maturities of Commercial Paper |
The following table provides a summary of cash
flows associated with the issuance and maturities of Commercial
Paper for the three months ended December 27, 2014 (in
millions):
|
|
|
|
|
|
Maturities less than 90 days:
|
|
|
|
|
|
Proceeds from (repayments of) commercial paper, net
|
|
$ |
62 |
|
|
|
|
Maturities greater than 90 days:
|
|
|
|
|
|
Proceeds from commercial paper
|
|
|
197 |
|
|
Repayments of commercial paper
|
|
|
(2,668 |
) |
|
|
|
|
|
|
Maturities greater than 90 days, net
|
|
|
(2,471 |
) |
|
|
|
|
|
|
Total repayments of commercial paper, net
|
|
$ |
(2,409 |
) |
|
|
|
|
|
|
| Summary of Long-Term Debt |
The following table provides a summary of the
Company’s long-term debt as of December 27, 2014 and
September 27, 2014:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
December 27, 2014 |
|
|
September 27, 2014 |
|
| |
|
Amount
(in millions) |
|
|
Effective
Interest Rate |
|
|
Amount
(in millions) |
|
|
Effective
Interest Rate |
|
|
Floating-rate notes due 2016 (1)
|
|
$ |
1,000 |
|
|
|
0.51% |
|
|
$ |
1,000 |
|
|
|
0.51% |
|
|
Floating-rate notes due 2017 (2)
|
|
|
1,000 |
|
|
|
0.30% |
|
|
|
1,000 |
|
|
|
0.31% |
|
|
Floating-rate notes due 2018 (1)
|
|
|
2,000 |
|
|
|
1.10% |
|
|
|
2,000 |
|
|
|
1.10% |
|
|
Floating-rate notes due 2019 (2)
|
|
|
1,000 |
|
|
|
0.53% |
|
|
|
1,000 |
|
|
|
0.54% |
|
|
Fixed-rate 0.45% notes due 2016 (1)
|
|
|
1,500 |
|
|
|
0.51% |
|
|
|
1,500 |
|
|
|
0.51% |
|
|
Fixed-rate 1.05% notes due 2017 (2)
|
|
|
1,500 |
|
|
|
0.30% |
|
|
|
1,500 |
|
|
|
0.30% |
|
|
Fixed-rate 1.00% notes due 2018 (1)
|
|
|
4,000 |
|
|
|
1.08% |
|
|
|
4,000 |
|
|
|
1.08% |
|
|
Fixed-rate 2.10% notes due 2019 (2)
|
|
|
2,000 |
|
|
|
0.53% |
|
|
|
2,000 |
|
|
|
0.53% |
|
|
Fixed-rate 2.85% notes due 2021 (2)
|
|
|
3,000 |
|
|
|
0.78% |
|
|
|
3,000 |
|
|
|
0.79% |
|
|
Fixed-rate 1.00% Euro-denominated notes due 2022 (3)
|
|
|
1,709 |
|
|
|
2.94% |
|
|
|
0 |
|
|
|
0 |
|
|
Fixed-rate 2.40% notes due 2023 (1)
|
|
|
5,500 |
|
|
|
2.44% |
|
|
|
5,500 |
|
|
|
2.44% |
|
|
Fixed-rate 3.45% notes due 2024 (2)
|
|
|
2,500 |
|
|
|
0.89% |
|
|
|
2,500 |
|
|
|
0.90% |
|
|
Fixed-rate 1.63% Euro-denominated notes due 2026 (3)
|
|
|
1,709 |
|
|
|
3.45% |
|
|
|
0 |
|
|
|
0 |
|
|
Fixed-rate 3.85% notes due 2043 (1)
|
|
|
3,000 |
|
|
|
3.91% |
|
|
|
3,000 |
|
|
|
3.91% |
|
|
Fixed-rate 4.45% notes due 2044 (2)
|
|
|
1,000 |
|
|
|
4.48% |
|
|
|
1,000 |
|
|
|
4.48% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total borrowings
|
|
|
32,418 |
|
|
|
|
|
|
|
29,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unamortized discount
|
|
|
(69 |
) |
|
|
|
|
|
|
(52 |
) |
|
|
|
|
|
Hedge accounting fair value adjustments
|
|
|
155 |
|
|
|
|
|
|
|
39 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total long-term debt
|
|
$ |
32,504 |
|
|
|
|
|
|
$ |
28,987 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
(1) |
Tranche relates to the $17.0 billion debt issuance in the third
quarter of 2013.
|
|
| |
(2) |
Tranche relates to the $12.0 billion debt issuance in the third
quarter of 2014.
|
|
| |
(3) |
Tranche relates to Euro-denominated debt issuance of €2.8 billion in the
first quarter of 2015.
|
|
|
| Future Principal Payments for Notes |
Future principal payments for the Company’s
Notes as of December 27, 2014 are as follows (in
millions):
|
|
|
|
|
|
2015
|
|
$ |
0 |
|
|
2016
|
|
|
2,500 |
|
|
2017
|
|
|
2,500 |
|
|
2018
|
|
|
6,000 |
|
|
2019
|
|
|
3,000 |
|
|
Thereafter
|
|
|
18,418 |
|
|
|
|
|
|
|
Total future principal payments
|
|
$ |
32,418 |
|
|
|
|
|
|
|