Quarterly report pursuant to Section 13 or 15(d)

Borrowings (Tables)

v3.3.0.814
Borrowings (Tables)
 9 Months Ended
Sep. 26, 2015
Debt Disclosure [Abstract]  
Schedule of Short-term Debt [Table Text Block]
Our short-term debt at the end of each period was as follows:
(In Millions)
 
Sep 26,
2015
 
Dec 27,
2014
Drafts payable
 
$
41

 
$
16

Commercial paper
 
—

 
500

Current portion of long-term debt
 
1,096

 
1,088

Less: debt issuance costs associated with the current portion of long-term debt
 
(8
)
 
(8
)
Total short-term debt
 
$
1,129

 
$
1,596

Schedule of Long-term Debt Instruments [Table Text Block]
Our long-term debt at the end of each period was as follows:
(In Millions)
Maturity Date
 
Stated Interest Rate
 
Sep 26,
2015
 
Dec 27,
2014
2015 Senior notes
July 2020
 
2.45%
 
$
1,748

 
$
—

2015 Senior notes
July 2022
 
3.10%
 
1,000

 
—

2015 Senior notes
July 2025
 
3.70%
 
2,247

 
—

2015 Senior notes
July 2045
 
4.90%
 
1,998

 
—

2015 Senior notes
August 2045
 
4.90%
 
1,010

 
—

2012 Senior notes
December 2017
 
1.35%
 
2,998

 
2,998

2012 Senior notes
December 2022
 
2.70%
 
1,495

 
1,495

2012 Senior notes
December 2032
 
4.00%
 
744

 
744

2012 Senior notes
December 2042
 
4.25%
 
924

 
924

2011 Senior notes
October 2016
 
1.95%
 
1,500

 
1,499

2011 Senior notes
October 2021
 
3.30%
 
1,997

 
1,997

2011 Senior notes
October 2041
 
4.80%
 
1,490

 
1,490

2009 Junior subordinated convertible debentures
August 2039
 
3.25%
 
1,096

 
1,088

2005 Junior subordinated convertible debentures
December 2035
 
2.95%
 
975

 
960

Long-term debt
 
 
 
 
$
21,222

 
$
13,195

Less: current portion of long-term debt
 
 
 
 
(1,096
)
 
(1,088
)
Less: debt issuance costs
 
 
 
 
(67
)
 
(48
)
Total long-term debt
 
 
 
 
$
20,059

 
$
12,059