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Income Taxes (Tables)

12 Months Ended

Sep. 28, 2024

Income Tax Disclosure [Abstract]

Schedule of Provision For Income Taxes From Continuing Operations

Detail of the provision for income taxes from continuing operations consisted of the following for fiscal years 2024, 2023 and 2022 (in millions):

			2024						2023						2022
Federal			$	188					$	(39)					$	764
State			34						(38)						94
Foreign			48						48						42
			$	270					$	(29)					$	900
Current			$	315					$	154					$	636
Deferred			(45)						(183)						264
			$	270					$	(29)					$	900

Schedule of Reasons For Differences Between Statutory Federal Tax Rate And Effective Income Tax Rate

The reasons for the difference between the statutory federal income tax rate and our effective income tax rate from continuing operations are as follows for fiscal years 2024, 2023 and 2022:

			2024						2023						2022
Federal income tax rate			21.0		%				21.0		%				21.0		%
State income taxes			3.4						(0.7)						2.9
Foreign-derived intangible income deduction			—						—						(1.0)
Deferred income tax remeasurement			(0.9)						3.8						(0.9)
General business credits			(1.9)						3.4						(0.5)
Company-owned life insurance			(1.7)						1.3						0.3
Officer compensation expense			1.1						(0.6)						0.2
Goodwill			1.2						(24.2)						—
Other			2.6						0.3						(0.3)
			24.8		%				4.3		%				21.7		%

Schedule of Tax Effects of Major Items Recorded As Deferred Tax Assets And Liabilities

The tax effects of major items recorded as deferred tax assets and liabilities as of September 28, 2024 and September 30, 2023, are as follows (in millions):

			2024												2023
			Assets						Liabilities						Assets						Liabilities
Property, plant and equipment			$	—					$	1,128					$	—					$	1,030
Intangible assets			—						1,460						—						1,495
ROU assets			—						206						—						150
Accrued expenses			412						—						400						—
Lease liabilities			191						—						135						—
Net operating loss and credit carryforwards			198						—						192						—
Other			260						332						193						346
			$	1,061					$	3,126					$	920					$	3,021
Valuation allowance			$	(193)											$	(199)
Net deferred tax liability									$	2,258											$	2,300

Change in Unrecognized Tax Benefit, Reasonably Possible [Table]

The following table summarizes the activity related to our gross unrecognized tax benefits as of September 28, 2024, September 30, 2023 and October 1, 2022 (in millions):

			2024						2023						2022
Balance as of the beginning of the year			$	131					$	152					$	152
Increases related to current year tax positions			22						7						16
Increases related to prior year tax positions			12						1						20
Reductions related to prior year tax positions			(2)						(12)						(13)
Reductions related to settlements			—						—						(3)
Reductions related to expirations of statutes of limitations			(12)						(17)						(20)
Balance as of the end of the year			$	151					$	131					$	152

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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.

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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.

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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.

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