Guarantor Financial Statements [Text Block] | Guarantor Financial Statements The Notes issued on December 3, 2015 are fully and unconditionally guaranteed, jointly and severally, on a unsecured, unsubordinated basis by certain 100% owned domestic subsidiaries of the Company (the “Guarantors”). Supplemental condensed consolidating financial information of the Company, including such information for the Guarantors, is presented below. The information is presented in accordance with the requirements of Rule 3-10 under the SEC’s Regulation S-X. The financial information may not necessarily be indicative of results of operations, cash flows or financial position had the non-Guarantor subsidiaries operated as independent entities. Investments in subsidiaries are presented using the equity method of accounting. The principal elimination entries eliminate investments in subsidiaries and intercompany balances and transactions. Separate financial statements of the Guarantors are not provided as the consolidating financial information contained herein provides a more meaningful disclosure to allow investors to determine the nature of the assets held by, and the operations of, the combined groups. Consolidated Balance Sheets (unaudited) (In millions) July 3, 2016 Assets Parent/Issuer Guarantor Subsidiaries Non-guarantor Subsidiaries Eliminations Consolidated Total Current assets: Cash and cash equivalents $ — $ 375 $ 97 $ — $ 472 Short-term investments - available-for-sale securities — 153 — — 153 Restricted cash — 115 8 — 123 Accounts receivable — 293 26 — 319 Intercompany receivable — 592 — (592 ) — Merchandise inventories — 452 71 — 523 Prepaid expenses and other current assets — 131 16 — 147 Deferred income taxes — 188 — — 188 Total current assets — 2,299 218 (592 ) 1,925 Property and equipment, net of accumulated depreciation and amortization — 3,003 373 — 3,376 Long-term investments - available-for-sale securities — — — — — Investments in consolidated subsidiaries 4,498 101 468 (5,067 ) — Goodwill — 703 7 — 710 Intangible assets, net of accumulated amortization 1 65 10 — 76 Deferred income taxes — 139 4 — 143 Other assets 7 18 20 — 45 Total assets $ 4,506 $ 6,328 $ 1,100 $ (5,659 ) $ 6,275 Liabilities and Shareholders’ Equity Current liabilities: Current installments of long-term debt and capital lease obligations $ — $ 3 $ — $ — $ 3 Accounts payable — 209 83 — 292 Intercompany payable 280 — 312 (592 ) — Accrued payroll, bonus and other benefits due team members — 382 27 — 409 Dividends payable 43 — — — 43 Other current liabilities 5 547 25 — 577 Total current liabilities 328 1,141 447 (592 ) 1,324 Long-term debt and capital lease obligations, less current installments 993 48 8 — 1,049 Deferred lease liabilities — 579 47 — 626 Other long-term liabilities — 89 2 — 91 Total liabilities 1,321 1,857 504 (592 ) 3,090 Commitments and contingencies Total shareholders’ equity 3,185 4,471 596 (5,067 ) 3,185 Total liabilities and shareholders’ equity $ 4,506 $ 6,328 $ 1,100 $ (5,659 ) $ 6,275 Consolidated Balance Sheets (unaudited) (In millions) September 27, 2015 Assets Parent/Issuer Guarantor Subsidiaries Non-guarantor Subsidiaries Eliminations Consolidated Total Current assets: Cash and cash equivalents $ — $ 147 $ 90 $ — $ 237 Short-term investments - available-for-sale securities — 155 — — 155 Restricted cash — 115 12 — 127 Accounts receivable — 194 24 — 218 Intercompany receivable — 533 — (533 ) — Merchandise inventories — 430 70 — 500 Prepaid expenses and other current assets — 96 12 — 108 Deferred income taxes — 199 — — 199 Total current assets — 1,869 208 (533 ) 1,544 Property and equipment, net of accumulated depreciation and amortization — 2,832 331 — 3,163 Long-term investments - available-for-sale securities — 63 — — 63 Investments in consolidated subsidiaries 4,060 93 445 (4,598 ) — Goodwill — 703 7 — 710 Intangible assets, net of accumulated amortization — 69 10 — 79 Deferred income taxes — 141 3 — 144 Other assets 10 18 10 — 38 Total assets $ 4,070 $ 5,788 $ 1,014 $ (5,131 ) $ 5,741 Liabilities and Shareholders’ Equity Current liabilities: Current installments of long-term debt and capital lease obligations $ — $ 3 $ — $ — $ 3 Accounts payable — 216 79 — 295 Intercompany payable 256 — 277 (533 ) — Accrued payroll, bonus and other benefits due team members — 411 25 — 436 Dividends payable 45 — — — 45 Other current liabilities — 452 21 — 473 Total current liabilities 301 1,082 402 (533 ) 1,252 Long-term debt and capital lease obligations, less current installments — 55 7 — 62 Deferred lease liabilities — 544 43 — 587 Other long-term liabilities — 69 2 — 71 Total liabilities 301 1,750 454 (533 ) 1,972 Commitments and contingencies Total shareholders’ equity 3,769 4,038 560 (4,598 ) 3,769 Total liabilities and shareholders’ equity $ 4,070 $ 5,788 $ 1,014 $ (5,131 ) $ 5,741 Consolidated Statements of Operations (unaudited) (In millions) Twelve weeks ended July 3, 2016 Parent/Issuer Guarantor Subsidiaries Non-guarantor Subsidiaries Eliminations Consolidated Total Sales $ — $ 3,511 $ 229 $ (37 ) $ 3,703 Cost of goods sold and occupancy costs — 2,293 160 (36 ) 2,417 Gross profit — 1,218 69 (1 ) 1,286 Selling, general and administrative expenses — 996 61 — 1,057 Pre-opening expenses — 17 1 — 18 Relocation, store closure and lease termination costs — 2 — — 2 Operating income — 203 7 (1 ) 209 Interest expense (12 ) — — — (12 ) Investment and other income (expense) — (1 ) (1 ) 1 (1 ) Equity in net income of subsidiaries 127 3 8 (138 ) — Income before income taxes 115 205 14 (138 ) 196 Provision for income taxes (5 ) 79 2 — 76 Net income $ 120 $ 126 $ 12 $ (138 ) $ 120 Twelve weeks ended July 5, 2015 Parent/Issuer Guarantor Subsidiaries Non-guarantor Subsidiaries Eliminations Consolidated Total Sales $ — $ 3,439 $ 229 $ (36 ) $ 3,632 Cost of goods sold and occupancy costs — 2,214 160 (35 ) 2,339 Gross profit — 1,225 69 (1 ) 1,293 Selling, general and administrative expenses — 971 61 — 1,032 Pre-opening expenses — 12 — — 12 Relocation, store closure and lease termination costs — 2 — — 2 Operating income — 240 8 (1 ) 247 Investment and other income (expense) — 5 (1 ) 1 5 Equity in net income of subsidiaries 154 2 13 (169 ) — Income before income taxes 154 247 20 (169 ) 252 Provision for income taxes — 95 3 — 98 Net income $ 154 $ 152 $ 17 $ (169 ) $ 154 Consolidated Statements of Operations (unaudited) (In millions) Forty weeks ended July 3, 2016 Parent/Issuer Guarantor Subsidiaries Non-guarantor Subsidiaries Eliminations Consolidated Total Sales $ — $ 11,606 $ 741 $ (120 ) $ 12,227 Cost of goods sold and occupancy costs — 7,611 516 (117 ) 8,010 Gross profit — 3,995 225 (3 ) 4,217 Selling, general and administrative expenses — 3,262 196 — 3,458 Pre-opening expenses — 44 5 — 49 Relocation, store closure and lease termination costs — 8 — — 8 Operating income — 681 24 (3 ) 702 Interest expense (30 ) — — — (30 ) Investment and other income (expense) — 8 (4 ) 4 8 Equity in net income of subsidiaries 437 8 23 (468 ) — Income before income taxes 407 697 43 (467 ) 680 Provision for income taxes (12 ) 265 8 — 261 Net income $ 419 $ 432 $ 35 $ (467 ) $ 419 Forty weeks ended July 5, 2015 Parent/Issuer Guarantor Subsidiaries Non-guarantor Subsidiaries Eliminations Consolidated Total Sales $ — $ 11,305 $ 770 $ (124 ) $ 11,951 Cost of goods sold and occupancy costs — 7,299 542 (120 ) 7,721 Gross profit — 4,006 228 (4 ) 4,230 Selling, general and administrative expenses — 3,185 207 — 3,392 Pre-opening expenses — 51 2 — 53 Relocation, store closure and lease termination costs — 11 1 — 12 Operating income — 759 18 (4 ) 773 Investment and other income (expense) — 11 (2 ) 3 12 Equity in net income of subsidiaries 479 8 31 (518 ) — Income before income taxes 479 778 47 (519 ) 785 Provision for income taxes — 300 6 — 306 Net income $ 479 $ 478 $ 41 $ (519 ) $ 479 Consolidated Statements of Comprehensive Income (unaudited) (In millions) Twelve weeks ended July 3, 2016 Parent/Issuer Guarantor Subsidiaries Non-guarantor Subsidiaries Eliminations Consolidated Total Net income $ 120 $ 126 $ 12 $ (138 ) $ 120 Other comprehensive income (loss), net of tax: Foreign currency translation adjustments — (4 ) 3 — (1 ) Other comprehensive income (loss), net of tax — (4 ) 3 — (1 ) Comprehensive income $ 120 $ 122 $ 15 $ (138 ) $ 119 Twelve weeks ended July 5, 2015 Parent/Issuer Guarantor Subsidiaries Non-guarantor Subsidiaries Eliminations Consolidated Total Net income $ 154 $ 152 $ 17 $ (169 ) $ 154 Other comprehensive income (loss), net of tax: Foreign currency translation adjustments — 5 (2 ) — 3 Other comprehensive income (loss), net of tax — 5 (2 ) — 3 Comprehensive income $ 154 $ 157 $ 15 $ (169 ) $ 157 Forty weeks ended July 3, 2016 Parent/Issuer Guarantor Subsidiaries Non-guarantor Subsidiaries Eliminations Consolidated Total Net income $ 419 $ 432 $ 35 $ (467 ) $ 419 Other comprehensive income (loss), net of tax: Foreign currency translation adjustments — (10 ) 9 — (1 ) Other comprehensive income (loss), net of tax — (10 ) 9 — (1 ) Comprehensive income $ 419 $ 422 $ 44 $ (467 ) $ 418 Forty weeks ended July 5, 2015 Parent/Issuer Guarantor Subsidiaries Non-guarantor Subsidiaries Eliminations Consolidated Total Net income $ 479 $ 478 $ 41 $ (519 ) $ 479 Other comprehensive income (loss), net of tax: Foreign currency translation adjustments — (5 ) (10 ) — (15 ) Other comprehensive income (loss), net of tax — (5 ) (10 ) — (15 ) Comprehensive income $ 479 $ 473 $ 31 $ (519 ) $ 464 Condensed Consolidated Statements of Cash Flows (unaudited) (In millions) Forty weeks ended July 3,2016 Parent/Issuer Guarantor Subsidiaries Non-guarantor Subsidiaries Eliminations Consolidated Total Net cash provided by (used in) operating activities $ (27 ) $ 749 $ 42 $ — $ 764 Cash flows from investing activities Purchase of property plant and equipment — (457 ) (64 ) — (521 ) Purchases of available-for-sale securities — (311 ) — — (311 ) Sales and maturities of available-for-sale securities — 375 — — 375 Decrease in restricted cash — 3 — — 3 Payment for purchase of acquired entities, net of cash acquired — — (11 ) — (11 ) Intercompany activity 84 — — (84 ) — Other investing activities — (12 ) — — (12 ) Net cash provided by (used in) investing activities 84 (402 ) (75 ) (84 ) (477 ) Cash flows from financing activities Purchases of treasury stock (929 ) — — — (929 ) Common stock dividends paid (133 ) — — — (133 ) Issuance of common stock 17 — — — 17 Excess tax benefit related to exercise of team member stock options 4 — — — 4 Proceeds from long-term borrowings 999 — — — 999 Proceeds from revolving line of credit 300 — — — 300 Payments on long-term debt and capital lease obligations (306 ) — — — (306 ) Intercompany activity — (119 ) 35 84 — Other financing activities (9 ) — — — (9 ) Net cash provided by (used in) financing activities (57 ) (119 ) 35 84 (57 ) Effect of exchange rate changes on cash and cash equivalents — — 5 — 5 Net change in cash and cash equivalents — 228 7 — 235 Cash and cash equivalents at beginning of period — 147 90 — 237 Cash and cash equivalents at end of period $ — $ 375 $ 97 $ — $ 472 Condensed Consolidated Statements of Cash Flows (unaudited) (In millions) Forty weeks ended July 5, 2015 Parent/Issuer Guarantor Subsidiaries Non-guarantor Subsidiaries Eliminations Consolidated Total Net cash provided by operating activities $ — $ 951 $ 46 $ — $ 997 Cash flows from investing activities Purchase of property plant and equipment — (643 ) (36 ) — (679 ) Purchases of available-for-sale securities — (458 ) — — (458 ) Sales and maturities of available-for-sale securities — 497 — — 497 Increase in restricted cash — (19 ) — — (19 ) Payment for purchase of acquired entities, net of cash acquired — — (4 ) — (4 ) Intercompany activity 255 — — (255 ) — Other investing activities — (8 ) — — (8 ) Net cash provided by (used in) investing activities 255 (631 ) (40 ) (255 ) (671 ) Cash flows from financing activities Purchases of treasury stock (188 ) — — — (188 ) Common stock dividends paid (137 ) — — — (137 ) Issuance of common stock 61 — — — 61 Excess tax benefit related to exercise of team member stock options 10 — — — 10 Intercompany activity — (259 ) 4 255 — Other financing activities (1 ) — — — (1 ) Net cash provided by (used in) financing activities (255 ) (259 ) 4 255 (255 ) Effect of exchange rate changes on cash and cash equivalents — — (4 ) — (4 ) Net change in cash and cash equivalents — 61 6 — 67 Cash and cash equivalents at beginning of period — 96 94 — 190 Cash and cash equivalents at end of period $ — $ 157 $ 100 $ — $ 257 | Guarantor Financial Statement Information On December 3, 2015 , the Company completed the offering of $1.0 billion aggregate principal amount of 5.2% senior notes due 2025 (the “Notes”). The Notes were offered in the United States to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and outside the United States pursuant to Regulation S under the Securities Act. The Notes have not been registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements or a transaction not subject to the registration requirements of the Securities Act or any state securities laws. The Notes bear interest at a fixed rate equal to 5.2% per year, payable semiannually, and mature on December 3, 2025. The interest rate payable on the Notes is subject to adjustment upon the occurrence of certain credit rating events described in the indenture. The Notes are fully and unconditionally guaranteed, jointly and severally, on an unsecured, unsubordinated basis by certain wholly owned domestic subsidiaries of the Company (the “Guarantors”). The Notes are subject to customary covenants restricting the Company’s and its subsidiaries’ ability, subject to certain exceptions, to incur debt secured by liens or to enter into sale and leaseback transactions and restricting the Company’s ability to merge or consolidate with another entity or sell substantially all of its assets to another person. Prior to September 3, 2025, the Company may redeem the Notes at the Company’s option at any time either in whole or in part for a redemption price equal to 100% of the aggregate principal amount of the Notes to be redeemed plus the applicable make-whole premium, plus accrued and unpaid interest thereon. On or after September 3, 2025, the Company may redeem the Notes at the Company’s option at any time either in whole or in part for a redemption price equal to 100% of the aggregate principal amount of the Notes to be redeemed, plus accrued and unpaid interest thereon. Supplemental condensed consolidating financial information of the Company, including such information for the Guarantors, is presented below. The information is presented in accordance with the requirements of Rule 3-10 under the SEC’s Regulation S-X. The financial information may not necessarily be indicative of results of operations, cash flows or financial position had the non-Guarantor subsidiaries operated as independent entities. Investments in subsidiaries are presented using the equity method of accounting. The principal elimination entries eliminate investments in subsidiaries and intercompany balances and transactions. Separate financial statements of the Guarantors are not provided as the consolidating financial information contained herein provides a more meaningful disclosure to allow investors to determine the nature of the assets held by, and the operations of, the combined groups. Consolidated Balance Sheets (In millions) September 27, 2015 Assets Parent/Issuer Guarantor Subsidiaries Non-guarantor Subsidiaries Eliminations Consolidated Total Current assets: Cash and cash equivalents $ — $ 147 $ 90 $ — $ 237 Short-term investments - available-for-sale securities — 155 — — 155 Restricted cash — 115 12 — 127 Accounts receivable — 194 24 — 218 Intercompany receivable — 533 — (533 ) — Merchandise inventories — 430 70 — 500 Prepaid expenses and other current assets — 96 12 — 108 Deferred income taxes — 199 — — 199 Total current assets — 1,869 208 (533 ) 1,544 Property and equipment, net of accumulated depreciation and amortization — 2,832 331 — 3,163 Long-term investments - available-for-sale securities — 63 — — 63 Investments in consolidated subsidiaries 4,060 93 445 (4,598 ) — Goodwill — 703 7 — 710 Intangible assets, net of accumulated amortization — 69 10 — 79 Deferred income taxes — 141 3 — 144 Other assets 10 18 10 — 38 Total assets $ 4,070 $ 5,788 $ 1,014 $ (5,131 ) $ 5,741 Liabilities and Shareholders’ Equity Current liabilities: Current installments of capital lease obligations $ — $ 3 $ — $ — $ 3 Accounts payable — 216 79 — 295 Intercompany payable 256 — 277 (533 ) — Accrued payroll, bonus and other benefits due team members — 411 25 — 436 Dividends payable 45 — — — 45 Other current liabilities — 452 21 — 473 Total current liabilities 301 1,082 402 (533 ) 1,252 Long-term capital lease obligations, less current installments — 55 7 — 62 Deferred lease liabilities — 544 43 — 587 Other long-term liabilities — 69 2 — 71 Total liabilities 301 1,750 454 (533 ) 1,972 Commitments and contingencies Total shareholders’ equity 3,769 4,038 560 (4,598 ) 3,769 Total liabilities and shareholders’ equity $ 4,070 $ 5,788 $ 1,014 $ (5,131 ) $ 5,741 Consolidated Balance Sheets (In millions) September 28, 2014 Assets Parent/Issuer Guarantor Subsidiaries Non-guarantor Subsidiaries Eliminations Consolidated Total Current assets: Cash and cash equivalents $ — $ 96 $ 94 $ — $ 190 Short-term investments - available-for-sale securities — 553 — — 553 Restricted cash — 100 9 — 109 Accounts receivable — 179 19 — 198 Intercompany receivable 322 — — (322 ) — Merchandise inventories — 387 54 — 441 Prepaid expenses and other current assets — 86 11 — 97 Deferred income taxes — 168 — — 168 Total current assets 322 1,569 187 (322 ) 1,756 Property and equipment, net of accumulated depreciation and amortization — 2,574 349 — 2,923 Long-term investments - available-for-sale securities — 120 — — 120 Investments in consolidated subsidiaries 3,524 83 407 (4,014 ) — Goodwill — 703 5 — 708 Intangible assets, net of accumulated amortization — 72 9 — 81 Deferred income taxes — 129 3 — 132 Other assets 10 9 5 — 24 Total assets $ 3,856 $ 5,259 $ 965 $ (4,336 ) $ 5,744 Liabilities and Shareholders’ Equity Current liabilities: Current installments of capital lease obligations $ — $ 2 $ — $ — $ 2 Accounts payable — 202 74 — $ 276 Intercompany payable — 64 258 (322 ) $ — Accrued payroll, bonus and other benefits due team members — 352 27 — $ 379 Dividends payable 43 — — — $ 43 Other current liabilities — 527 30 — $ 557 Total current liabilities 43 1,147 389 (322 ) 1,257 Long-term capital lease obligations, less current installments — 53 7 — 60 Deferred lease liabilities — 507 41 — 548 Other long-term liabilities — 63 3 — 66 Total liabilities 43 1,770 440 (322 ) 1,931 Commitments and contingencies Total shareholders’ equity 3,813 3,489 525 (4,014 ) 3,813 Total liabilities and shareholders’ equity $ 3,856 $ 5,259 $ 965 $ (4,336 ) $ 5,744 Statements of Operations (In millions) September 27, 2015 Parent/Issuer Guarantor Subsidiaries Non-guarantor Subsidiaries Eliminations Consolidated Total Sales $ — $ 14,565 $ 968 $ (144 ) $ 15,389 Cost of goods sold and occupancy costs — 9,433 679 (139 ) 9,973 Gross profit — 5,132 289 (5 ) 5,416 Selling, general and administrative expenses — 4,182 290 — 4,472 Pre-opening expenses — 65 2 — 67 Relocation, store closure and lease termination costs — 15 1 — 16 Operating income (loss) — 870 (4 ) (5 ) 861 Investment and other income, net of interest expense — 16 (3 ) 4 17 Equity in net income of subsidiaries 536 9 38 (583 ) — Income before income taxes 536 895 31 (584 ) 878 Provision for income taxes — 345 (3 ) — 342 Net income $ 536 $ 550 $ 34 $ (584 ) $ 536 September 28, 2014 Parent/Issuer Guarantor Subsidiaries Non-guarantor Subsidiaries Eliminations Consolidated Total Sales $ — $ 13,408 $ 920 $ (134 ) $ 14,194 Cost of goods sold and occupancy costs — 8,648 632 (130 ) 9,150 Gross profit — 4,760 288 (4 ) 5,044 Selling, general and administrative expenses — 3,780 252 — 4,032 Pre-opening expenses — 60 7 — 67 Relocation, store closure and lease termination costs — 10 1 — 11 Operating income — 910 28 (4 ) 934 Investment and other income (loss), net of interest expense — 10 (2 ) 4 12 Equity in net income of subsidiaries 579 11 48 (638 ) — Income before income taxes 579 931 74 (638 ) 946 Provision for income taxes — 357 10 — 367 Net income $ 579 $ 574 $ 64 $ (638 ) $ 579 September 29, 2013 Parent/Issuer Guarantor Subsidiaries Non-guarantor Subsidiaries Eliminations Consolidated Total Sales $ — $ 12,167 $ 897 $ (147 ) $ 12,917 Cost of goods sold and occupancy costs — 7,809 624 (145 ) 8,288 Gross profit — 4,358 273 (2 ) 4,629 Selling, general and administrative expenses — 3,450 232 — 3,682 Pre-opening expenses — 46 6 — 52 Relocation, store closure and lease termination costs — 12 — — 12 Operating income — 850 35 (2 ) 883 Investment and other income (loss), net of interest expense — 10 (1 ) 2 11 Equity in net income of subsidiaries 551 11 52 (614 ) — Income before income taxes 551 871 86 (614 ) 894 Provision for income taxes — 330 13 — 343 Net income $ 551 $ 541 $ 73 $ (614 ) $ 551 Consolidated Statements of Comprehensive Income (In millions) September 27, 2015 Parent/Issuer Guarantor Subsidiaries Non-guarantor Subsidiaries Eliminations Consolidated Total Net income $ 536 $ 550 $ 34 $ (584 ) $ 536 Other comprehensive loss, net of tax: Foreign currency translation adjustments — (7 ) (14 ) — (21 ) Other comprehensive loss, net of tax — (7 ) (14 ) — (21 ) Comprehensive income $ 536 $ 543 $ 20 $ (584 ) $ 515 September 28, 2014 Parent/Issuer Guarantor Subsidiaries Non-guarantor Subsidiaries Eliminations Consolidated Total Net income $ 579 $ 574 $ 64 $ (638 ) $ 579 Other comprehensive loss, net of tax: Foreign currency translation adjustments — — (8 ) — (8 ) Other comprehensive loss, net of tax — — (8 ) — (8 ) Comprehensive income $ 579 $ 574 $ 56 $ (638 ) $ 571 September 29, 2013 Parent/Issuer Guarantor Subsidiaries Non-guarantor Subsidiaries Eliminations Consolidated Total Net income $ 551 $ 541 $ 73 $ (614 ) $ 551 Other comprehensive loss, net of tax: Foreign currency translation adjustments — — (4 ) — (4 ) Other comprehensive loss, net of tax — — (4 ) — (4 ) Comprehensive income $ 551 $ 541 $ 69 $ (614 ) $ 547 Condensed Consolidated Statements of Cash Flows (In millions) September 27, 2015 Parent/Issuer Guarantor Subsidiaries Non-guarantor Subsidiaries Eliminations Consolidated Total Net cash provided by operating activities $ — $ 1,095 $ 34 $ — $ 1,129 Cash flows from investing activities Purchases of property, plant and equipment — (803 ) (48 ) — (851 ) Purchases of available-for-sale securities — (494 ) — — (494 ) Sales and maturities of available-for-sale securities — 928 — — 928 Purchases of intangible assets — (3 ) — — (3 ) Increase in restricted cash — (19 ) — — (19 ) Payment for purchase of acquired entities, net of cash acquired — — (4 ) — (4 ) Intercompany activity 622 — — (622 ) — Other investing activities — (12 ) — — (12 ) Net cash provided by (used in) investing activities 622 (403 ) (52 ) (622 ) (455 ) Cash flows from financing activities Purchases of treasury stock (513 ) — — — (513 ) Common stock dividends paid (184 ) — — — (184 ) Issuance of common stock 66 — — — 66 Excess tax benefit related to exercise of team member stock options 11 — — — 11 Proceeds from long-term borrowings — — — — — Payments on long-term debt and capital lease obligations — — — — — Intercompany activity — (641 ) 19 622 — Other financing activities (2 ) — — — (2 ) Net cash provided by (used in) financing activities (622 ) (641 ) 19 622 (622 ) Effect of exchange rate changes on cash and cash equivalents — — (5 ) — (5 ) Net change in cash and cash equivalents — 51 (4 ) — 47 Cash and cash equivalents at beginning of period — 96 94 — 190 Cash and cash equivalents at end of period $ — $ 147 $ 90 $ — $ 237 Condensed Consolidated Statements of Cash Flows (In millions) September 28, 2014 Parent/Issuer Guarantor Subsidiaries Non-guarantor Subsidiaries Eliminations Consolidated Total Net cash provided by operating activities $ — $ 977 $ 111 $ — $ 1,088 Cash flows from investing activities Purchases of property, plant and equipment — (623 ) (87 ) — (710 ) Purchases of available-for-sale securities — (720 ) — — (720 ) Sales and maturities of available-for-sale securities — 1,054 — — 1,054 Purchases of intangible assets — (20 ) — — (20 ) Decrease in restricted cash — 2 — — 2 Payment for purchase of acquired entities, net of cash acquired — (32 ) (41 ) — (73 ) Intercompany activity 698 — — (698 ) — Other investing activities — (17 ) — — (17 ) Net cash provided by (used in) investing activities 698 (356 ) (128 ) (698 ) (484 ) Cash flows from financing activities Purchases of treasury stock (578 ) — — — (578 ) Common stock dividends paid (170 ) — — — (170 ) Issuance of common stock 42 — — — 42 Excess tax benefit related to exercise of team member stock options 9 — — — 9 Proceeds from long-term borrowings — — — — — Payments on long-term debt and capital lease obligations — — — — — Intercompany activity — (730 ) 32 698 — Other financing activities (1 ) — — — (1 ) Net cash provided by (used in) financing activities (698 ) (730 ) 32 698 (698 ) Effect of exchange rate changes on cash and cash equivalents — — (6 ) — (6 ) Net change in cash and cash equivalents — (109 ) 9 — (100 ) Cash and cash equivalents at beginning of period — 205 85 — 290 Cash and cash equivalents at end of period $ — $ 96 $ 94 $ — $ 190 Condensed Consolidated Statements of Cash Flows (In millions) September 29, 2013 Parent/Issuer Guarantor Subsidiaries Non-guarantor Subsidiaries Eliminations Consolidated Total Net cash provided by operating activities $ — $ 918 $ 91 $ — $ 1,009 Cash flows from investing activities Purchases of property, plant and equipment — (480 ) (57 ) — (537 ) Purchases of available-for-sale securities — (1,252 ) — — (1,252 ) Sales and maturities of available-for-sale securities — 1,534 — — 1,534 Purchases of intangible assets — (1 ) — — (1 ) Increase in restricted cash — (8 ) — — (8 ) Payment for purchase of acquired entities, net of cash acquired — (22 ) — — (22 ) Intercompany activity 517 — — (517 ) — Other investing activities — (3 ) — — (3 ) Net cash provided by (used in) investing activities 517 (232 ) (57 ) (517 ) (289 ) Cash flows from financing activities Purchases of treasury stock (125 ) — — — (125 ) Common stock dividends paid (508 ) — — — (508 ) Issuance of common stock 81 — — — 81 Excess tax benefit related to exercise of team member stock options 37 — — — 37 Proceeds from long-term borrowings — — — — — Payments on long-term debt and capital lease obligations — — — — — Intercompany activity — (529 ) 12 517 — Other financing activities (2 ) — — — (2 ) Net cash provided by (used in) financing activities (517 ) (529 ) 12 517 (517 ) Effect of exchange rate changes on cash and cash equivalents — — (2 ) — (2 ) Net change in cash and cash equivalents — 157 44 — 201 Cash and cash equivalents at beginning of period — 48 41 — 89 Cash and cash equivalents at end of period $ — $ 205 $ 85 $ — $ 290 |