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 27, 2026		September 27, 2025
Cash and cash equivalents	$	5,185	$	5,695
Restricted cash included in:
Other current assets	5		—
Other assets	109		104

Total cash, cash equivalents and restricted cash in the statement of cash flows	$	5,299	$	5,799


	September 27, 2025		Borrowings		Payments		Other Activity		June 27, 2026
Commercial paper with original maturities less than three months(1)	$	1,963	$	—	$	(1,310)	$	(6)	$	647
Commercial paper with original maturities greater than three months	99		8,510		(4,932)		35		3,712
U.S. dollar denominated borrowings(2)	38,658		5,046		(3,625)		240		40,319


Asia Theme Parks borrowings	1,075		—		—		45		1,120
Foreign currency denominated borrowings and other	231		—		—		12		243
	$	42,026	$	13,556	$	(9,867)	$	326	$	46,041

At June 27, 2026, 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 2027	$	5,250	$	—	$	5,250
Facility expiring March 2029	3,000		—		3,000
Facility expiring February 2031	4,000		—		4,000

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 27, 2026, the Company met this covenant by a significant margin. The bank facilities specifically exclude certain entities, including the Asia Theme Parks and Fubo, 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 February 2031, which if utilized, reduces available borrowings under this facility. As of June 27, 2026, the Company has $0.5 billion of outstanding letters of credit, of which none were issued under this facility.

In February 2026, the Company borrowed $3.5 billion of fixed rate U.S. dollar denominated notes with maturities ranging from 3 to 10 years and stated interest rates that range from 3.75% to 4.63%. In addition, the Company borrowed $0.5 billion of floating rate U.S. dollar denominated notes that mature in 3 years and are indexed to SOFR plus a spread.

Interest expense (net of amounts capitalized), interest and investment income, and net periodic pension and postretirement benefit costs (other than service costs) (see Note 8) are reported net in the Condensed Consolidated Statements of Income and consist of the following:


	Quarter Ended				Nine Months Ended
	June 27, 2026		June 28, 2025		June 27, 2026		June 28, 2025
Interest expense	$	(463)	$	(438)	$	(1,379)	$	(1,396)
Interest and investment income	52		47		222		161
Net periodic pension and postretirement benefit costs (other than service costs)	113		67		344		198
Interest expense, net	$	(298)	$	(324)	$	(813)	$	(1,037)