XML 97 R68.htm IDEA: XBRL DOCUMENT v3.21.2
Income Taxes (Income Tax Expense in Consolidated Statements of Earnings) (Details) - USD ($)
$ in Thousands
12 Months Ended
Oct. 01, 2021
Oct. 02, 2020
Sep. 27, 2019
Income Tax Disclosure [Abstract]      
Statutory amount $ 146,078 $ 92,652 $ 73,701
State taxes, net of the federal benefit 14,564 7,254 10,183
Exclusion of tax on non-controlling interests (7,999) (6,622) (4,839)
Foreign:      
Difference in tax rates of foreign operations 3,684 (6,267) 1,083
Expense/(benefit) from foreign valuation allowance change 2,148 (16,861) (29,125)
Nondeductible compensation 48,727 0 0
U.S. tax cost (benefit) of foreign operations 35,228 42,992 (17,760)
Tax differential on foreign earnings 89,787 19,864 (45,802)
Foreign tax credits (25,230) (26,471) (15,682)
Tax Rate Change 25,588 (6,811) 0
Tax reform 0 0 36,674
Valuation allowance 38,928 0 (207)
Uncertain tax positions 978 (11,338) (6,883)
Other items:      
Energy efficient commercial buildings deduction (3,760) (7,267) (2,957)
Disallowed officer compensation 6,689 5,081 5,568
Stock compensation (9,946) (10,234) (7,864)
Other items – net (896) (788) (4,938)
Total other items (7,913) (13,208) (10,191)
Consolidated income tax expense from continuing operations $ 274,781 $ 55,320 $ 36,954
Statutory tax rate 21.00% 21.00% 21.00%
State taxes, net of the federal benefit 2.10% 1.60% 2.90%
Exclusion of tax on non-controlling interests (1.10%) (1.50%) (1.40%)
Foreign:      
Difference in tax rates of foreign operations 0.50% (1.40%) 0.30%
Expense/(benefit) from foreign valuation allowance change 0.30% (3.80%) (8.30%)
Nondeductible compensation 7.00% 0.00% 0.00%
U.S. tax cost (benefit) of foreign operations 5.10% 9.70% (5.10%)
Tax differential on foreign earnings 12.90% 4.50% (13.10%)
Foreign tax credits (3.60%) (6.00%) (4.50%)
Tax Rate Change 3.70% (1.50%) 0.00%
Tax reform 0.00% 0.00% 10.40%
Valuation allowance 5.60% 0.00% (0.10%)
Uncertain tax positions 0.10% (2.60%) (2.00%)
Other items:      
Energy efficient commercial buildings deduction (0.50%) (1.60%) (0.80%)
Disallowed officer compensation 1.00% 1.20% 1.60%
Stock compensation (1.40%) (2.30%) (2.20%)
Other items – net (0.10%) (0.20%) (1.40%)
Total other items (1.10%) (3.00%) (2.80%)
Taxes on income from continuing operations (percent) 39.50% 12.50% 10.50%