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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Sep. 28, 2024
Sep. 30, 2023
Sep. 24, 2022
OPERATING ACTIVITIES      
Net income $ 789,500,000 $ 456,000,000.0 $ 1,302,000,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 99,300,000 89,600,000 89,200,000
Amortization of acquired intangible assets 209,700,000 233,800,000 340,900,000
Stock-based compensation expense 82,300,000 79,600,000 66,700,000
Deferred income taxes and other non-cash taxes (72,100,000) (109,100,000) (166,200,000)
Intangible assets and equipment impairment charges 44,800,000 223,800,000 45,100,000
Loss on assets held-for-sale 0 51,700,000 0
Contingent consideration fair value adjustments 1,700,000 (14,900,000) (39,500,000)
Debt extinguishment loss 0 0 700,000
Other adjustments and non-cash items 45,900,000 28,900,000 32,600,000
Changes in operating assets and liabilities, excluding the effect of acquisitions:      
Accounts receivable 41,000,000.0 (1,500,000) 272,300,000
Inventory (47,400,000) (4,900,000) (136,600,000)
Prepaid income taxes (21,700,000) 17,400,000 (23,300,000)
Prepaid expenses and other assets 7,300,000 23,600,000 384,300,000
Accounts payable 22,200,000 (23,000,000.0) (14,400,000)
Accrued expenses and other liabilities 73,400,000 (14,200,000) (15,800,000)
Deferred revenue 9,300,000 14,400,000 (12,300,000)
Net cash provided by operating activities 1,285,200,000 1,051,200,000 2,125,700,000
INVESTING ACTIVITIES      
Acquisition of businesses, net of cash acquired (297,300,000) (5,000,000.0) (158,600,000)
Sale of business, net of cash disposed (31,300,000) 0 0
Purchases of available-for-sale securities (267,700,000) 0 0
Capital expenditures (72,400,000) (91,800,000) (70,600,000)
Proceeds from the Department of Defense 0 20,500,000 75,000,000.0
Increase in equipment under customer usage agreements (57,800,000) (58,400,000) (56,600,000)
Strategic investments (42,500,000) (10,000,000.0) 0
Purchase of intellectual property (10,000,000.0) 0 0
Other activity (2,000,000.0) (7,400,000) 4,500,000
Net cash used in investing activities (781,000,000.0) (152,100,000) (206,300,000)
FINANCING ACTIVITIES      
Proceeds from long-term debt, net of issuance costs 0 0 1,491,200,000
Repayment of long-term debt (287,500,000) (15,000,000.0) (1,387,500,000)
Repayments under accounts receivable securitization agreement 0 0 (248,500,000)
Repayment of acquired long-term debt 0 0 (63,700,000)
Payment of contingent consideration (2,600,000) (7,600,000) (12,200,000)
Payment of deferred acquisition consideration 0 (800,000) 0
Repurchases of common stock (835,100,000) (474,800,000) (542,100,000)
Net proceeds from issuance of common stock under employee stock plans 37,800,000 43,000,000.0 33,500,000
Payment of minimum tax withholdings on net share settlements of equity awards (17,400,000) (24,000,000.0) (22,900,000)
Payments under finance lease obligations (3,800,000) (4,000,000.0) (3,800,000)
Net cash used in financing activities (1,108,600,000) (483,200,000) (756,000,000.0)
Effect of exchange rate changes on cash and cash equivalents 8,900,000 300,000 5,800,000
Net (decrease) increase in cash and cash equivalents (595,500,000) 416,200,000 1,169,200,000
Cash and cash equivalents, beginning of period 2,755,700,000 [1] 2,339,500,000 [1] 1,170,300,000
Cash and cash equivalents, end of period [1] $ 2,160,200,000 $ 2,755,700,000 $ 2,339,500,000
[1] Includes $33.2 million of cash recorded in assets held-for-sale - current assets as of September 30, 2023.