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Stockholders' Equity (Tables) | 12 Months Ended
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Sep. 27, 2024
Stockholders' Equity Note [Abstract] |
Dividends Declared | Dividends charged to retained earnings were as follows (in millions, except per share data):
| Fiscal Years Ended
| September 27, 2024 |  | September 29, 2023
| Per Share |  | Total Amount |  | Per Share |  | Total Amount
First quarter | $ | 0.68 |  |  | $ | 108.9 |  |  | $ | 0.62 |  |  | $ | 99.4 |
Second quarter | 0.68 |  |  | 109.1 |  |  | 0.62 |  |  | 98.6 |
Third quarter | 0.68 |  |  | 109.1 |  |  | 0.62 |  |  | 98.7 |
Fourth quarter | 0.70 |  |  | 112.0 |  |  | 0.68 |  |  | 108.5 |
Total dividends | $ | 2.74 |  |  | $ | 439.1 |  |  | $ | 2.54 |  |  | $ | 405.2 |
Share-Based Compensation, Outstanding Awards Activity | The following table represents a summary of the Company’s restricted and performance awards and units:
| Shares (in millions) |  | Weighted Average Grant Date Fair Value
Non-vested awards outstanding at September 29, 2023 | 3.4 |  |  | $ | 112.69 |
Granted (1) | 2.5 |  |  | $ | 92.24 |
Vested | (1.2) |  |  | $ | 117.84 |
Canceled/forfeited | (0.4) |  |  | $ | 121.22 |
Non-vested awards outstanding at September 27, 2024 | 4.3 |  |  | $ | 98.51 |
(1) Includes performance stock awards granted and earned assuming target performance under the underlying performance metrics.
Share-Based Compensation, Aggregate Intrinsic Value, Awards Vested | The following table summarizes the total intrinsic value for awards vested (in millions):
| Fiscal Years Ended
| September 27, 2024 |  | September 29, 2023 |  | September 30, 2022
Awards | $ | 111.8 |  |  | $ | 111.9 |  |  | $ | 249.6 |
Share-Based Compensation, Expensed and Capitalized | The following table summarizes pre-tax share-based compensation expense by financial statement line item and related tax benefit (in millions):
| Fiscal Years Ended
| September 27, 2024 |  | September 29, 2023 |  | September 30, 2022
Cost of goods sold | $ | 32.0 |  |  | $ | 20.7 |  |  | $ | 26.9 |
Research and development | 85.5 |  |  | 94.8 |  |  | 93.8 |
Selling, general, and administrative | 62.8 |  |  | 69.6 |  |  | 74.5 |
Total share-based compensation | $ | 180.3 |  |  | $ | 185.1 |  |  | $ | 195.2 |
Share-based compensation tax expense (benefit) | $ | 18.9 |  |  | $ | 9.1 |  |  | $ | (20.1) |
Capitalized share-based compensation expense at period end | $ | 10.1 |  |  | $ | 14.5 |  |  | $ | 6.8 |
Unrecognized Compensation Cost, Nonvested Awards | The following table summarizes total compensation costs related to unvested share-based awards not yet recognized and the weighted-average period over which it is expected to be recognized as of September 27, 2024:
| Unrecognized Compensation Cost for Unvested Awards (in millions) |  | Weighted Average Remaining Recognition Period (in years)
Awards | $ | 253.1 |  |  | 3.2
Share-Based Compensation, Performance Shares, Valuation Assumptions Used | The fair value of these performance stock unit awards was estimated on the date of the grant using a Monte Carlo simulation with the following weighted-average assumptions:
| Fiscal Year Ended
| September 27, 2024 |  | September 29, 2023 |  | September 30, 2022
Volatility of common stock | 37.36 | % |  | 45.71 | % |  | 44.04 | %
Average volatility of peer companies | 30.95 | % |  | 40.74 | % |  | 46.28 | %
Average correlation coefficient of peer companies | 0.54 |  |  | 0.65 |  |  | 0.65 |
Risk-free interest rate | 4.61 | % |  | 4.51 | % |  | 0.79 | %
Dividend yield | 3.04 | % |  | 2.80 | % |  | 1.40 | %

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