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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Jul. 01, 2023
Jun. 25, 2022
Jul. 01, 2023
Jun. 25, 2022
Revenues:        
Product $ 799.1 $ 837.1 $ 2,522.9 $ 3,408.7
Service and other 185.3 165.6 562.2 500.9
Revenues 984.4 1,002.7 3,085.1 3,909.6
Costs of revenues:        
Product 291.0 266.3 879.3 907.0
Amortization, Cost of Goods Sold 51.6 75.9 159.3 223.1
Impairment of intangible assets and equipment 179.5 9.2 179.5 9.2
Service and other 94.8 101.5 295.8 287.6
Gross profit 367.5 549.8 1,571.2 2,482.7
Operating expenses:        
Research and development 72.6 65.1 221.4 207.4
Selling and marketing 149.8 152.3 455.7 471.0
General and administrative 90.2 91.9 299.5 310.5
Amortization of acquired intangible assets 7.1 11.2 21.9 33.2
Impairment of intangible assets and equipment 44.3 0.0 44.3 0.0
Contingent consideration - fair value adjustments 0.0 (35.4) (12.4) (39.5)
Restructuring charges 2.1 0.8 4.9 0.8
Operating expenses 366.1 285.9 1,035.3 983.4
Income from operations 1.4 263.9 535.9 1,499.3
Interest income 32.5 2.4 84.6 3.6
Interest expense (27.7) (22.7) (83.0) (71.0)
Debt extinguishment loss 0.0 0.0 0.0 (0.7)
Other income (expense), net 5.9 4.8 (7.0) 13.6
Income before income taxes 12.1 248.4 530.5 1,444.8
Provision for income taxes 52.6 20.0 165.1 261.5
Net income (loss) $ (40.5) $ 228.4 $ 365.4 $ 1,183.3
Net income (loss) per common share:        
Basic (in usd per share) $ (0.16) $ 0.91 $ 1.48 $ 4.70
Diluted (in usd per share) $ (0.16) $ 0.90 $ 1.47 $ 4.65
Weighted average number of shares outstanding:        
Basic (in shares) 246,908 250,756 247,319 251,943
Diluted (in shares) 246,908 253,093 249,393 254,273