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Income Taxes (Tables) | 12 Months Ended
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Sep. 28, 2019
Income Tax Disclosure [Abstract] |
Income (Loss) Before Income Taxes | The Company’s (loss) income before income taxes consisted of the following:
|  | Years ended
September 28, 2019 |  | September 29, 2018 |  | September 30, 2017
Domestic |  | $ | (174.3 | ) |  | $ | (581.9 | ) |  | $ | 1,105.8 |
Foreign |  | (83.4 | ) |  | 163.3 |  |  | 124.7 |
|  | $ | (257.7 | ) |  | $ | (418.6 | ) |  | $ | 1,230.5 |
Provision for Income Taxes | The (benefit) provision for income taxes contained the following components:
|  | Years ended
September 28, 2019 |  | September 29, 2018 |  | September 30, 2017
Federal: |  |  |  |  |  |
Current |  | $ | 142.9 |  |  | $ | 137.1 |  |  | $ | 701.1 |
Deferred |  | (189.9 | ) |  | (461.9 | ) |  | (276.9 | )
|  | (47.0 | ) |  | (324.8 | ) |  | 424.2 |
State: |  |  |  |  |  |
Current |  | 22.1 |  |  | 11.0 |  |  | 53.1 |
Deferred |  | (41.0 | ) |  | (11.3 | ) |  | (15.9 | )
|  | (18.9 | ) |  | (0.3 | ) |  | 37.2 |
Foreign: |  |  |  |  |  |
Current |  | 16.5 |  |  | 21.9 |  |  | 13.9 |
Deferred |  | (4.7 | ) |  | (4.1 | ) |  | (0.3 | )
|  | 11.8 |  |  | 17.8 |  |  | 13.6 |
|  | $ | (54.1 | ) |  | $ | (307.3 | ) |  | $ | 475.0 |
Reconciliation of Income Tax (Benefit) at U.S. Federal Statutory Rate to Company's Effective Tax Rate | The income tax (benefit) provision differed from the tax (benefit) provision computed at the U.S. federal statutory rate due to the following:
|  | Years ended
September 28, 2019 |  | September 29, 2018 |  | September 30, 2017
Income tax (benefit) provision at federal statutory rate |  | (21.0 | )% |  | (24.5 | )% |  | 35.0 | %
Increase (decrease) in tax resulting from: |  |  |  |  |  |
Domestic production activities deduction |  | — |  |  | (3.1 | ) |  | (1.7 | )
State income taxes, net of federal benefit |  | (0.7 | ) |  | 0.7 |  |  | 2.3 |
U.S. tax on foreign earnings |  | (2.1 | ) |  | 0.1 |  |  | — |
Internal restructuring |  | (3.8 | ) |  | — |  |  | — |
Non-deductible goodwill |  | — |  |  | 39.4 |  |  | 9.2 |
Tax credits |  | (3.3 | ) |  | (1.9 | ) |  | (0.8 | )
Tax reform |  | 2.0 |  |  | (82.7 | ) |  | — |
Unrecognized tax benefits |  | (0.1 | ) |  | 1.8 |  |  | (1.4 | )
Compensation |  | 0.8 |  |  | 0.3 |  |  | (0.5 | )
Foreign rate differential |  | (5.4 | ) |  | (5.2 | ) |  | (2.6 | )
Change in deferred tax rate |  | — |  |  | 1.2 |  |  | 0.2 |
Change in valuation allowance |  | 9.5 |  |  | (0.5 | ) |  | (1.5 | )
Other |  | 3.1 |  |  | 1.0 |  |  | 0.4 |
|  | (21.0 | )% |  | (73.4 | )% |  | 38.6 | %
Significant Components of the Company's Deferred Tax Assets and Liabilities | The Company’s significant deferred tax assets and liabilities were as follows:
|  | September 28, 2019 |  | September 29, 2018
Deferred tax assets |  |  |  |
Net operating loss carryforwards |  | $ | 34.5 |  |  | $ | 30.9 |
Capital losses |  | 6.4 |  |  | 6.5 |
Non-deductible accruals |  | 24.7 |  |  | 30.7 |
Non-deductible reserves |  | 22.7 |  |  | 22.1 |
UK intangible assets |  | 25.4 |  |  | — |
Stock-based compensation |  | 20.9 |  |  | 24.0 |
Research and other credits |  | 14.8 |  |  | 13.3 |
Nonqualified deferred compensation plan |  | 12.9 |  |  | 12.3 |
Other temporary differences |  | 17.8 |  |  | 11.5 |
|  | 180.1 |  |  | 151.3 |
Less: valuation allowance |  | (60.7 | ) |  | (25.5 | )
|  | $ | 119.4 |  |  | $ | 125.8 |
Deferred tax liabilities |  |  |  |
Depreciation and amortization |  | $ | (373.0 | ) |  | $ | (606.6 | )
Debt discounts and deferrals |  | (4.5 | ) |  | (4.5 | )
|  | $ | (377.5 | ) |  | $ | (611.1 | )
|  | $ | (258.1 | ) |  | $ | (485.3 | )
Activity of the Company's Unrecognized Income Tax Benefits | The Company’s unrecognized income tax benefits activity for fiscal 2019 and 2018 was as follows:
|  | 2019 |  | 2018
Balance at beginning of fiscal year |  | $ | 89.5 |  |  | $ | 90.3 |
Tax positions related to current year: |  |  |  |
Additions |  | 22.7 |  |  | 9.0 |
Reductions |  | — |  |  | — |
Tax positions related to prior years: |  |  |  |
Additions related to change in estimate |  | — |  |  | 6.6 |
Reductions |  | (4.8 | ) |  | (15.4 | )
Payments |  | — |  |  | — |
Lapses in statutes of limitations |  | (5.8 | ) |  | (1.4 | )
Acquired tax positions: |  |  |  |
Additions related to reserves acquired from acquisitions |  | — |  |  | 0.4 |
Balance as of the end of the fiscal year |  | $ | 101.6 |  |  | $ | 89.5 |

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- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319 + Details
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- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319 + Details
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- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319 + Details
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