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Income Taxes | 9 Months Ended
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Jun. 29, 2019
Income Tax Disclosure [Abstract] |
Income Taxes | INCOME TAXES Our effective tax rate was 6.0% and 25.0% for the third quarter of fiscal 2019 and 2018, respectively, and 15.4% and (25.3)% for the first nine months of fiscal 2019 and 2018, respectively. The effective tax rates for the third quarter and first nine months of fiscal 2019 and 2018 were impacted by state taxes. The reversal of tax reserves due to third quarter expirations of federal, state and foreign statutes of limitations reduced the effective tax rate by 17.3% and 6.4% in the third quarter and first nine months of fiscal 2019, respectively. The effective tax rates for the third quarter and first nine months of fiscal 2018 were impacted by the domestic production deduction. Additionally, the effective tax rate for the first nine months of fiscal 2018 was impacted by a 50.5% income tax benefit for the remeasurement of deferred income taxes at newly enacted tax rates as a result of the 2017 Tax Cuts and Jobs Act (the “Tax Act”) and a 1.3% income tax benefit for excess tax benefits associated with share-based payments to employees. Under the Tax Act, the statutory rate is 21% and 24.5% for fiscal 2019 and 2018, respectively. Unrecognized tax benefits were $176 million and $308 million, at June 29, 2019 and September 29, 2018, respectively. This change is primarily due to the expiration of statutes of limitations during the third quarter of fiscal 2019. We do not expect material changes to our unrecognized tax benefits during the next twelve months.

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- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -URI http://asc.fasb.org/topic&trid=2144680 + Details
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