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ACQUISITIONS (Tables) | 3 Months Ended
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Dec. 28, 2024
Business Combinations [Abstract] |
Schedule of Business Acquisitions, by Acquisition | The allocation of the estimated fair value of assets acquired and liabilities assumed in the acquisition of Raptor Scientific as of the July 31, 2024 acquisition date, as well as measurement period adjustments recorded within the permissible one year measurement period, is summarized in the table below (in millions):
|  | Preliminary |  | Measurement Period |  | Adjusted Preliminary |
|  | Allocation |  | Adjustments (2) |  | Allocation |
Assets acquired (excluding cash): |  |  |  |  |  |  |
Trade accounts receivable |  | $ | 9 |  |  | $ | — |  |  | $ | 9 |  |
Inventories |  | 22 |  |  | — |  |  | 22 |  |
Prepaid expenses and other |  | 4 |  |  | — |  |  | 4 |  |
Property, plant and equipment |  | 2 |  |  | — |  |  | 2 |  |
Goodwill |  | 426 |  |  | (5) |  |  | 421 |  | (1)
Other intangible assets |  | 197 |  |  | 4 |  |  | 201 |  | (1)
Other non-current assets |  | 5 |  |  | — |  |  | 5 |  |
Total assets acquired (excluding cash) |  | 665 |  |  | (1) |  |  | 664 |  |
Liabilities assumed: |  |  |  |  |  |  |
Accounts payable |  | 1 |  |  | — |  |  | 1 |  |
Accrued and other current liabilities |  | 13 |  |  | — |  |  | 13 |  |
Other non-current liabilities |  | 4 |  |  | — |  |  | 4 |  |
Total liabilities assumed |  | 18 |  |  | — |  |  | 18 |  |
Net assets acquired |  | $ | 647 |  |  | $ | (1) |  |  | $ | 646 |  |
(1)Of the approximately $421 million of goodwill recognized for the acquisition, the Company expects that approximately $406 million of goodwill will be deductible for tax purposes. Of the approximately $201 million of other intangible assets recognized for the acquisition, the Company expects that approximately $191 million will be deductible for tax purposes. The goodwill and intangible assets are expected to be deductible over 15 years. (2)Measurement period adjustments primarily related to the adjustments in the fair values of the acquired other intangible assets from the third-party valuation. The offset to the measurement period adjustments was to goodwill. The allocation of the estimated fair value of assets acquired and liabilities assumed in the acquisition of CPI's Electron Device Business as of the June 6, 2024 acquisition date, as well as measurement period adjustments recorded within the permissible one year measurement period, is summarized in the table below (in millions):
|  | Preliminary |  | Measurement Period |  | Adjusted Preliminary |
|  | Allocation |  | Adjustments (2) |  | Allocation |
Assets acquired (excluding cash): |  |  |  |  |  |  |
Trade accounts receivable |  | $ | 40 |  |  | $ | — |  |  | $ | 40 |  |
Inventories |  | 81 |  |  | (1) |  |  | 80 |  |
Prepaid expenses and other |  | 64 |  |  | — |  |  | 64 |  |
Property, plant and equipment |  | 137 |  |  | 32 |  |  | 169 |  |
Goodwill |  | 844 |  |  | (96) |  |  | 748 |  | (1)
Other intangible assets |  | 368 |  |  | 141 |  |  | 509 |  | (1)
Other non-current assets |  | 15 |  |  | (14) |  |  | 1 |  |
Total assets acquired (excluding cash) |  | 1,549 |  |  | 62 |  |  | 1,611 |  |
Liabilities assumed: |  |  |  |  |  |  |
Accounts payable |  | 18 |  |  | (1) |  |  | 17 |  |
Accrued and other current liabilities |  | 45 |  |  | 17 |  |  | 62 |  |
Deferred income taxes |  | 89 |  |  | 55 |  |  | 144 |  |
Other non-current liabilities |  | 12 |  |  | (10) |  |  | 2 |  |
Total liabilities assumed |  | 164 |  |  | 61 |  |  | 225 |  |
Net assets acquired |  | $ | 1,385 |  |  | $ | 1 |  |  | $ | 1,386 |  |
(1)None of the approximately $748 million of goodwill and $509 million of other intangible assets recognized for the acquisition is expected to be deductible for tax purposes. (2)Measurement period adjustments primarily related to the adjustments in the fair values of the acquired property, plant and equipment and other intangible assets from the third-party valuation and related impact on deferred income taxes. The offset to the measurement period adjustments was to goodwill. The allocation of the estimated fair value of assets acquired and liabilities assumed in the SEI acquisition as of the May 21, 2024 acquisition date, as well as measurement period adjustments recorded within the permissible one year measurement period, is summarized in the table below (in millions):
|  | Preliminary |  | Measurement Period |  | Adjusted Preliminary |
|  | Allocation |  | Adjustments (2) |  | Allocation |
Assets acquired (excluding cash): |  |  |  |  |  |  |
Trade accounts receivable |  | $ | 2 |  |  | $ | 2 |  |  | $ | 4 |  |
Inventories |  | 11 |  |  | — |  |  | 11 |  |
Prepaid expenses and other |  | — |  |  | 1 |  |  | 1 |  |
Property, plant and equipment |  | 1 |  |  | — |  |  | 1 |  |
Goodwill |  | 109 |  |  | (6) |  |  | 103 |  | (1)
Other intangible assets |  | 68 |  |  | 7 |  |  | 75 |  | (1)
Total assets acquired (excluding cash) |  | 191 |  |  | 4 |  |  | 195 |  |
Liabilities assumed: |  |  |  |  |  |  |
Accounts payable |  | 1 |  |  | 1 |  |  | 2 |  |
Accrued and other current liabilities |  | 1 |  |  | — |  |  | 1 |  |
Deferred income taxes |  | 19 |  |  | 2 |  |  | 21 |  |
Total liabilities assumed |  | 21 |  |  | 3 |  |  | 24 |  |
Net assets acquired |  | $ | 170 |  |  | $ | 1 |  |  | $ | 171 |  |
(1)None of the approximately $103 million of goodwill and $75 million of other intangible assets recognized for the acquisition is expected to be deductible for tax purposes. (2)Measurement period adjustments primarily related to the adjustments in the fair values of the acquired other intangible assets from the third-party valuation. The offset to the measurement period adjustments was to goodwill.

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