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Stockholder's Equity | 6 Months Ended
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Apr. 02, 2021
Stockholders' Equity Note [Abstract] |
STOCKHOLDERS' EQUITY | STOCKHOLDERS’ EQUITY Stock Repurchase Program On January 26, 2021, the Board of Directors approved a stock repurchase program, pursuant to which the Company is authorized to repurchase up to $2.0 billion of its common stock from time to time prior to January 26, 2023, on the open market or in privately negotiated transactions, as permitted by securities laws and other legal requirements. This authorized stock repurchase plan replaces in its entirety the January 30, 2019, stock repurchase program. The timing and amount of any shares of the Company’s common stock that are repurchased under the repurchase program will be determined by the Company’s management based on its evaluation of market conditions and other factors. The repurchase program may be suspended or discontinued at any time. During the three months ended April 2, 2021, the Company did not repurchase any shares of its common stock. During the six months ended April 2, 2021, the Company paid $195.6 million (including commissions) in connection with the repurchase of 1.4 million shares of its common stock (paying an average price of $138.85 per share), all of which shares were repurchased pursuant to the January 30, 2019, stock repurchase program. As of April 2, 2021, $2.0 billion remained available under the January 26, 2021, stock repurchase program. During the three months ended March 27, 2020, the Company paid $283.8 million (including commissions) in connection with the repurchase of 3.2 million shares of its common stock (paying an average price of $87.61 per share). During the six months ended March 27, 2020, the Company paid $358.0 million (including commissions) in connection with the repurchase of 4.0 million shares of its common stock (paying an average price of $89.92 per share). Dividends On April 29, 2021, the Company announced that the Board of Directors had declared a cash dividend on the Company’s common stock of $0.50 per share. This dividend is payable on June 8, 2021, to the Company’s stockholders of record as of the close of business on May 18, 2021. Dividends charged to retained earnings were as follows (in millions, except per share data):
| 2021 |  | 2020
| Per Share |  | Total Amount |  | Per Share |  | Total Amount
First quarter | $ | 0.50 |  |  | $ | 83.0 |  |  | $ | 0.44 |  |  | $ | 75.1 |
Second quarter | 0.50 |  |  | 82.6 |  |  | 0.44 |  |  | 74.9 |
Total | $ | 1.00 |  |  | $ | 165.6 |  |  | $ | 0.88 |  |  | $ | 150.0 |
Share-based Compensation The following table summarizes the share-based compensation expense by line item in the Statements of Operations (in millions):
| Three Months Ended |  | Six Months Ended
| April 2, 2021 |  | March 27, 2020 |  | April 2, 2021 |  | March 27, 2020
Cost of goods sold | $ | 12.7 |  |  | $ | 7.2 |  |  | $ | 19.1 |  |  | $ | 11.4 |
Research and development | 24.0 |  |  | 17.2 |  |  | 44.3 |  |  | 32.0 |
Selling, general and administrative | 19.7 |  |  | 15.8 |  |  | 37.4 |  |  | 30.4 |
Total share-based compensation | $ | 56.4 |  |  | $ | 40.2 |  |  | $ | 100.8 |  |  | $ | 73.8 |

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(e)(1)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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