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Stockholders' Equity | 3 Months Ended
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Dec. 27, 2024
Stockholders' Equity Note [Abstract] |
STOCKHOLDERS’ EQUITY | 10. STOCKHOLDERS’ EQUITY Stock Repurchase and Retirement On January 31, 2023, the Board of Directors approved a stock repurchase program (“January 31, 2023 stock repurchase program”), pursuant to which the Company was 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. During the three months ended December 27, 2024 and December 29, 2023, the Company did not repurchase any shares of its common stock. As of December 27, 2024, $1.9 billion remained available under the January 31, 2023 stock repurchase program. On February 4, 2025, the Board of Directors approved a new stock repurchase program (“February 4, 2025 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 3, 2027, on the open market or in privately negotiated transactions, in compliance with applicable securities laws and other legal requirements. The February 4, 2025 stock repurchase program succeeds in its entirety the aforementioned January 31, 2023 stock repurchase program. The timing and amount of any shares of the Company’s common stock that are repurchased under the February 4, 2025 stock repurchase program will be determined by the Company’s management based on its evaluation of market conditions and other factors. The February 4, 2025 stock repurchase program may be suspended or discontinued at any time. The Company currently expects to fund the February 4, 2025 stock repurchase program using the Company’s working capital. Dividends On February 5, 2025, the Company announced that the Board of Directors had declared a cash dividend on the Company’s common stock of $0.70 per share. This dividend is payable on March 17, 2025, to the Company’s stockholders of record as of the close of business on February 24, 2025. Future dividends are subject to declaration by the Board of Directors. Dividends charged to retained earnings were as follows (in millions, except per share data):
| Fiscal Years Ended
| October 3, 2025 |  | September 27, 2024
| Per Share |  | Total Amount |  | Per Share |  | Total Amount
First quarter | $ | 0.70 |  |  | $ | 112.5 |  |  | $ | 0.68 |  |  | $ | 108.9 |
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 27, 2024 |  | December 29, 2023 |  |  |  |
Cost of goods sold | $ | 7.3 |  |  | $ | 8.8 |  |  |  |  |
Research and development | 25.6 |  |  | 25.4 |  |  |  |  |
Selling, general, and administrative | 18.2 |  |  | 19.1 |  |  |  |  |
Total share-based compensation | $ | 51.1 |  |  | $ | 53.3 |  |  |  |  |

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