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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Mar. 30, 2024
Apr. 01, 2023
Mar. 30, 2024
Apr. 01, 2023
Revenues:        
Product $ 828.0 $ 837.4 $ 1,656.0 $ 1,723.8
Service and other 189.8 189.1 374.9 376.9
Revenues 1,017.8 1,026.5 2,030.9 2,100.7
Costs of revenues:        
Product 308.6 292.1 615.7 588.3
Amortization, Cost of Goods Sold 44.9 52.1 90.5 107.7
Impairment of intangible asset 25.9 0.0 25.9 0.0
Service and other 96.1 96.5 189.0 201.0
Gross profit 542.3 585.8 1,109.8 1,203.7
Operating expenses:        
Research and development 74.6 74.0 141.4 148.8
Selling and marketing 144.2 142.4 293.1 305.9
General and administrative 100.4 100.8 212.2 209.3
Amortization of acquired intangible assets 5.7 7.1 19.0 14.7
Impairment of intangible assets 0.9 0.0 5.2 0.0
Contingent consideration - fair value adjustments 0.0 (12.4) 1.7 (12.4)
Restructuring charges 6.1 1.8 28.6 2.9
Operating expenses 331.9 313.7 701.2 669.2
Income from operations 210.4 272.1 408.6 534.5
Interest income 24.0 31.5 51.9 52.1
Interest expense (32.3) (27.2) (58.3) (55.3)
Other income (expense), net 9.4 2.9 0.6 (12.9)
Income before income taxes 211.5 279.3 402.8 518.4
Provision (benefit) for income taxes 41.6 60.8 (13.6) 112.5
Net income $ 169.9 $ 218.5 $ 416.4 $ 405.9
Net income per common share:        
Basic (in usd per share) $ 0.72 $ 0.88 $ 1.76 $ 1.64
Diluted (in usd per share) $ 0.72 $ 0.87 $ 1.74 $ 1.63
Weighted average number of shares outstanding:        
Basic (in shares) 235,890 247,730 237,258 247,524
Diluted (in shares) 237,562 249,793 238,888 249,537