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Acquisitions and Divestitures (Tables)

12 Months Ended

Sep. 27, 2019

Business Combinations [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following tables summarize the fair values of the tangible and identifiable intangible assets acquired and liabilities assumed at the acquisition date (in thousands):

Current assets	$	237,807
Noncurrent assets	963,078
Total assets	$	1,200,885
Current liabilities	$	137,867
Noncurrent liabilities	67,590
Total liabilities	$	205,457

The following tables summarize the fair values of the tangible and identifiable intangible assets acquired and liabilities assumed at the acquisition date (in thousands):

Current assets	$	157,614
Noncurrent assets	1,345,532
Total assets	$	1,503,146
Current liabilities	$	111,087
Noncurrent liabilities	5,681
Total liabilities	$	116,768

Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination

The following table identifies the Company’s allocations of purchase price to the intangible assets acquired by category:

		Estimated Fair Value (in millions)				Weighted-Average Estimated Useful Life (in years)
Customer relationship assets		$	297.0			15
Trade names			24.0			3	to indefinite
Total intangible assets		$	321.0

The following table identifies the Company’s allocations of purchase price to the intangible assets acquired by category:

		Estimated Fair Value (in millions)				Weighted-Average Estimated Useful Life (in years)
Customer relationship assets		$	567.0			15
Trade name			222.0			indefinite
Total intangible assets		$	789.0

Business Acquisition, Pro Forma Information

The following table reflects the unaudited pro forma combined results of operations for the fiscal years ended September 28, 2018 and September 29, 2017 for the Company, assuming the closing of both acquisitions occurred on October 1, 2016:

	Fiscal Year Ended
Unaudited (in thousands)		September 28, 2018				September 29, 2017
Total revenue		$	16,014,463			$	15,378,832
Net income			624,334				328,932

X

- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(2)
-URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(3)
-URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463

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- References

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X

- Definition

Tabular disclosure of finite-lived and indefinite-lived intangible assets acquired as part of a business combination.

+ References

No definition available.

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X

- Definition

Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=116869197&loc=d3e4845-128472

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