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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Apr. 01, 2023
Mar. 26, 2022
Apr. 01, 2023
Mar. 26, 2022
Revenues:        
Product $ 837.4 $ 1,268.2 $ 1,723.8 $ 2,571.6
Service and other 189.1 167.5 376.9 335.3
Revenues 1,026.5 1,435.7 2,100.7 2,906.9
Costs of revenues:        
Product 292.1 322.6 588.3 640.7
Amortization, Cost of Goods Sold 52.1 72.3 107.7 147.2
Service and other 96.5 94.2 201.0 186.1
Gross profit 585.8 946.6 1,203.7 1,932.9
Operating expenses:        
Research and development 74.0 69.5 148.8 142.3
Selling and marketing 142.4 171.4 305.9 318.7
General and administrative 100.8 100.5 209.3 218.5
Amortization of acquired intangible assets 7.1 11.3 14.7 22.1
Contingent consideration - fair value adjustments (12.4) 0.0 (12.4) (4.1)
Restructuring charges 1.8 (0.2) 2.9 0.0
Operating expenses 313.7 352.5 669.2 697.5
Income from operations 272.1 594.1 534.5 1,235.4
Interest income 31.5 0.8 52.1 1.2
Interest expense (27.2) (22.6) (55.3) (48.3)
Debt extinguishment loss 0.0 0.0 0.0 (0.7)
Other income (expense), net 2.9 2.1 (12.9) 8.7
Income before income taxes 279.3 574.4 518.4 1,196.3
Provision for income taxes 60.8 118.7 112.5 241.4
Net income $ 218.5 $ 455.7 $ 405.9 $ 954.9
Net income per common share:        
Basic (in usd per share) $ 0.88 $ 1.81 $ 1.64 $ 3.78
Diluted (in usd per share) $ 0.87 $ 1.80 $ 1.63 $ 3.75
Weighted average number of shares outstanding:        
Basic (in shares) 247,730 251,574 247,524 252,537
Diluted (in shares) 249,793 253,658 249,537 254,864