XML 58 R39.htm IDEA: XBRL DOCUMENT
v3.5.0.2

Income Taxes (Tables) | 12 Months Ended
--- | ---
Oct. 02, 2016
Income Tax Disclosure [Abstract] |
Components of Earnings/(Loss) Before Income Taxes | Components of earnings before income taxes (in millions):
Fiscal Year Ended | Oct 2, 2016 |  | Sep 27, 2015 |  | Sep 28, 2014
United States | $ | 3,415.7 |  |  | $ | 2,837.2 |  |  | $ | 2,572.4 |
Foreign | 782.9 |  |  | 1,065.8 |  |  | 587.3 |
Total earnings before income taxes | $ | 4,198.6 |  |  | $ | 3,903.0 |  |  | $ | 3,159.7 |
Provision/(Benefit) for Income Taxes | Provision/(benefit) for income taxes (in millions):
Fiscal Year Ended | Oct 2, 2016 |  | Sep 27, 2015 |  | Sep 28, 2014
Current taxes: |  |  |  |  |
U.S. federal | $ | 704.1 |  |  | $ | 801.0 |  |  | $ | 822.7 |
U.S. state and local | 166.5 |  |  | 150.1 |  |  | 132.9 |
Foreign | 218.5 |  |  | 172.2 |  |  | 128.8 |
Total current taxes | 1,089.1 |  |  | 1,123.3 |  |  | 1,084.4 |
Deferred taxes: |  |  |  |  |
U.S. federal | 351.3 |  |  | 56.5 |  |  | 12.0 |
U.S. state and local | 25.8 |  |  | 4.0 |  |  | (4.9 | )
Foreign | (86.5 | ) |  | (40.1 | ) |  | 0.5 |
Total deferred taxes | 290.6 |  |  | 20.4 |  |  | 7.6 |
Total income tax expense | $ | 1,379.7 |  |  | $ | 1,143.7 |  |  | $ | 1,092.0 |
Reconciliation of the Statutory U.S. Federal Income Tax Rate With Our Effective Income Tax Rate | Reconciliation of the statutory U.S. federal income tax rate with our effective income tax rate:
Fiscal Year Ended | Oct 2, 2016 |  | Sep 27, 2015 |  | Sep 28, 2014
Statutory rate | 35.0 | % |  | 35.0 | % |  | 35.0 | %
State income taxes, net of federal tax benefit | 3.0 |  |  | 2.8 |  |  | 2.6 |
Benefits and taxes related to foreign operations | (2.2 | ) |  | (2.1 | ) |  | (1.9 | )
Domestic production activity deduction | (1.9 | ) |  | (2.2 | ) |  | (0.7 | )
Gain resulting from acquisition of joint venture | — |  |  | (3.7 | ) |  | — |
Other, net | (1.0 | ) |  | (0.5 | ) |  | (0.4 | )
Effective tax rate | 32.9 | % |  | 29.3 | % |  | 34.6 | %
Tax Effect of Temporary Differences and Carryforwards that Comprise Significant Portions of Deferred Tax Assets and Liabilities | Tax effect of temporary differences and carryforwards that comprise significant portions of deferred tax assets and liabilities (in millions):
| Oct 2, 2016 |  | Sep 27, 2015
Deferred tax assets: |  |  |
Property, plant and equipment | $ | 56.8 |  |  | $ | 54.4 |
Accrued occupancy costs | 104.5 |  |  | 95.6 |
Accrued compensation and related costs | 88.6 |  |  | 81.6 |
Stored value card liability | 124.2 |  |  | 97.2 |
Stock-based compensation | 138.3 |  |  | 135.5 |
Net operating losses | 79.0 |  |  | 93.4 |
Litigation charge | 862.3 |  |  | 931.0 |
Other | 197.4 |  |  | 171.3 |
Total | $ | 1,651.1 |  |  | $ | 1,660.0 |
Valuation allowance | (70.3 | ) |  | (143.7 | )
Total deferred tax asset, net of valuation allowance | $ | 1,580.8 |  |  | $ | 1,516.3 |
Deferred tax liabilities: |  |  |
Property, plant and equipment | (445.7 | ) |  | (150.5 | )
Intangible assets and goodwill | (175.9 | ) |  | (176.7 | )
Other | (88.5 | ) |  | (51.7 | )
Total | (710.1 | ) |  | (378.9 | )
Net deferred tax asset | $ | 870.7 |  |  | $ | 1,137.4 |
Reported as: |  |  |
Deferred income tax assets | 885.4 |  |  | 1,180.8 |
Deferred income tax liabilities (included in Other long-term liabilities) | (14.7 | ) |  | (43.4 | )
Net deferred tax asset | $ | 870.7 |  |  | $ | 1,137.4 |
Summary of Activity Related to Unrecognized Tax Benefits | The following table summarizes the activity related to our unrecognized tax benefits (in millions):
| Oct 2, 2016 |  | Sep 27, 2015 |  | Sep 28, 2014
Beginning balance | $ | 150.4 |  |  | $ | 112.7 |  |  | $ | 88.8 |
Increase related to prior year tax positions | — |  |  | 7.9 |  |  | 1.4 |
Decrease related to prior year tax positions | (23.6 | ) |  | (0.9 | ) |  | (2.2 | )
Increase related to current year tax positions | 33.7 |  |  | 32.0 |  |  | 26.7 |
Decrease related to current year tax positions | — |  |  | (0.6 | ) |  | (1.9 | )
Decreases related to settlements with taxing authorities | (3.1 | ) |  | (0.7 | ) |  | (0.1 | )
Decrease related to lapsing of statute of limitations | (10.9 | ) |  | — |  |  | — |
Ending balance | $ | 146.5 |  |  | $ | 150.4 |  |  | $ | 112.7 |

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32639-109319 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32537-109319 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of income before income tax between domestic and foreign jurisdictions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(h)(1)(i)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
Name: | us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities and other income tax contingencies. Includes, but is not limited to, interest and penalties, reconciliation of unrecognized tax benefits, unrecognized tax benefits that would affect the effective tax rate, tax years that remain subject to examination by tax jurisdictions, and information about positions for which it is reasonably possible that amounts unrecognized will significantly change within 12 months. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15A -URI http://asc.fasb.org/extlink&oid=65882285&loc=SL6600010-109319 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32718-109319 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 19 -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32840-109319 + Details
Name: | us-gaap_SummaryOfIncomeTaxContingenciesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration