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Stockholder's Equity | 3 Months Ended
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Dec. 29, 2023
Stockholders' Equity Note [Abstract] |
Equity [Text Block] | 10. STOCKHOLDERS’ EQUITY Stock Repurchase On January 31, 2023, the Board of Directors approved a stock repurchase program (“January 31, 2023 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 through February 1, 2025, on the open market or in privately negotiated transactions, in compliance with applicable securities laws and other legal requirements. The January 31, 2023 stock repurchase program succeeds in its entirety the stock repurchase program approved by the Board of Directors on January 26, 2021 (“January 26, 2021 stock repurchase program”). The timing and amount of any shares of the Company’s common stock that are repurchased under the January 31, 2023 stock repurchase program will be determined by the Company’s management based on its evaluation of market conditions and other factors. The January 31, 2023 stock repurchase program may be suspended or discontinued at any time. The Company currently expects to fund the January 31, 2023 stock repurchase program using the Company’s working capital. During the three months ended December 29, 2023, the Company did not repurchase any shares of its common stock pursuant to the January 31, 2023 stock repurchase program. As of December 29, 2023, $2.0 billion remained available under the January 31, 2023 stock repurchase program. During the three months ended December 30, 2022, the Company paid $166.2 million (including commissions) in connection with the repurchase of 1.8 million shares of its common stock (paying an average price of $90.57 per share), all of which shares were repurchased pursuant to the January 26, 2021 stock repurchase program. Dividends On January 30, 2024, the Company announced that the Board of Directors had declared a cash dividend on the Company’s common stock of $0.68 per share. This dividend is payable on March 12, 2024, to the Company’s stockholders of record as of the close of business on February 20, 2024. 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 |  |  |  |  |
Share-based Compensation The following table summarizes the share-based compensation expense by line item in the Consolidated Statements of Operations (in millions):
| Three Months Ended |  |
| December 29, 2023 |  | December 30, 2022 |  |  |  |
Cost of goods sold | $ | 8.8 |  |  | $ | 2.6 |  |  |  |  |
Research and development | 25.4 |  |  | 27.9 |  |  |  |  |
Selling, general, and administrative | 19.1 |  |  | 18.9 |  |  |  |  |
Total share-based compensation | $ | 53.3 |  |  | $ | 49.4 |  |  |  |  |

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