The following table provides a reconciliation of cash, cash equivalents and restricted cash reported in the Condensed Consolidated Balance Sheets to the total of the amounts reported in the Condensed Consolidated Statements of Cash Flows.


	June 28, 2025		September 28, 2024
Cash and cash equivalents	$	5,367	$	6,002
Restricted cash included in:
Other current assets	8		—
Other assets	102		100

Total cash, cash equivalents and restricted cash in the statement of cash flows	$	5,477	$	6,102


	September 28, 2024		Borrowings		Payments		Other Activity		June 28, 2025
Commercial paper with original maturities less than three months(1)	$	727	$	—	$	(37)	$	—	$	690
Commercial paper with original maturities greater than three months	2,313		1,030		(2,491)		(29)		823
U.S. dollar denominated borrowings	40,496		1,057		(1,993)		(125)		39,435


Asia Theme Parks borrowings	1,292		—		(51)		(91)		1,150
Foreign currency denominated borrowings and other(2)	987		—		(925)		103		165
	$	45,815	$	2,087	$	(5,497)	$	(142)	$	42,263

At June 28, 2025, the Company’s bank facilities, which are with a syndicate of lenders and support our commercial paper borrowings, were as follows:


	Committed Capacity		Capacity Used		Unused Capacity
Facility expiring February 2026	$	5,250	$	—	$	5,250

Facility expiring March 2027	4,000		—		4,000
Facility expiring March 2029	3,000		—		3,000
Total	$	12,250	$	—	$	12,250

The Company’s bank facilities allow for borrowings at rates based on the Secured Overnight Financing Rate (SOFR) and at other variable rates for non-U.S. dollar denominated borrowings, plus a fixed spread that varies with the Company’s debt ratings assigned by Moody’s Ratings and S&P Global Ratings ranging from 0.63% to 1.10%. The bank facilities contain only one financial covenant relating to interest coverage of three times earnings before interest, taxes, depreciation and amortization, including both intangible amortization and amortization of our film and television production and programming costs. On June 28, 2025, the Company met this covenant by a significant margin. The bank facilities specifically exclude certain entities, including the Asia Theme Parks, from any representations, covenants or events of default. The Company also has the ability to issue up to $500 million of letters of credit under the facility expiring in March 2027, which if utilized, reduces available borrowings under this facility. As of June 28, 2025, the Company has $0.5 billion of outstanding letters of credit, of which none were issued under this facility. Outstanding letters of credit at Star India totaling $0.7 billion at June 28, 2025 that were entered into prior to the Star India Transaction are guaranteed by the Company through calendar 2025.

The Company has a credit facility for $1.1 billion that may be utilized to finance a significant portion of the contract price of the Disney Destiny, which is currently scheduled to be delivered in fiscal 2026. If utilized, the credit facility will have a fixed interest rate of 3.74%, payable semi-annually over a 12-year term.

Interest expense (net of amounts capitalized), interest and investment income, and net periodic pension and postretirement benefit costs (other than service costs) (see Note 9) are reported net in the Condensed Consolidated Statements of Income and consist of the following:


	Quarter Ended				Nine Months Ended
	June 28, 2025		June 29, 2024		June 28, 2025		June 29, 2024
Interest expense	$	(438)	$	(509)	$	(1,396)	$	(1,538)
Interest and investment income	47		68		161		337
Net periodic pension and postretirement benefit costs (other than service costs)	67		99		198		302
Interest expense, net	$	(324)	$	(342)	$	(1,037)	$	(899)