Income Taxes (Tables)

12 Months Ended

Oct. 03, 2025

Income Tax Disclosure [Abstract]

Schedule of Benefit (Provision) for Income Taxes

The (provision) benefit provision for income taxes consists of the following:

	For the years ended
(Amounts in millions)	October 3, 2025		September 27, 2024		September 29, 2023
Current income tax (provision):
Federal	$	(54)	$	(44)	$	(30)
State	(23)		(13)		(5)
Foreign	(26)		(18)		(9)
Total current income tax (provision)	(103)		(75)		(44)
Deferred income tax benefit (provision):
Federal	28		110		49
State	12		10		13
Foreign	7		(5)		1
Total deferred income tax benefit	47		115		63
(Provision) benefit for income taxes	$	(56)	$	40	$	19

Schedule of Effective Income Tax Rate Reconciliation

The major elements contributing to the difference between the U.S. federal statutory rate and the effective tax rate are as follows:

	For the years ended
	October 3, 2025				September 27, 2024				September 29, 2023
(Dollars in millions)	Amount		%		Amount		%		Amount		%
Statutory Rate	$	(24)	21.0	%	$	26	21.0	%	$	72	21.0	%
State income tax, net of the federal benefit	(9)		7.8	%	(2)		(2.0)	%	7		2.2	%
Non-controlling interests	(2)		1.7	%	—		(0.2)	%	(2)		(0.5)	%
Goodwill impairment	—		—	%	—		—	%	(39)		(11.5)	%
Transaction costs	—		—	%	(1)		(0.8)	%	—		—	%
Stock-based compensation	—		—	%	(4)		(3.0)	%	—		—	%
Nontaxable or nondeductible items	(3)		2.6	%	1		0.4	%	—		(0.1)	%
Divestitures	(21)		18.2	%	—		—	%	—		—	%
Tax differential on foreign operations	(1)		0.9	%	(1)		(0.5)	%	(4)		(1.0)	%
Tax credits	5		(4.3)	%	5		4.6	%	2		0.6	%
Valuation allowance	(7)		6.1	%	16		13.0	%	(17)		(5.1)	%
Unrecognized tax benefits	5		(4.4)	%	—		—	%	—		—	%
Other	1		(0.9)	%	—		—	%	—		—	%
(Provision) benefit for income taxes	$	(56)	48.7	%	$	40	32.5	%	$	19	5.6	%

Schedule of Reconciliation of Deferred Tax Assets and Liabilities

The following table presents the components of Total deferred tax liabilities, net as October 3, 2025 and September 27, 2024:

	As of
(Amounts in millions)	October 3, 2025		September 27, 2024
Deferred tax assets:
Operating lease liabilities	$	55	$	60
Reserves	48		37
Accrued compensation and benefits	81		92
Interest expense	177		160
Foreign tax credit	9		27
Research expenditures	30		23
Net operating losses and capital losses	45		76
Other	15		11
Valuation allowance	(86)		(76)
Total deferred tax assets	374		410
Deferred tax liabilities:
Acquired intangible assets	(441)		(573)
Operating lease right-of-use assets	(51)		(58)
Property and equipment, net	(9)		(13)
Equity method and consolidated investments	(116)		(113)
Other	(17)		(18)
Total deferred tax liabilities	(634)		(775)
Total deferred tax liabilities, net	$	(260)	$	(365)

Schedule of Unrecognized Tax Benefits

The following table summarizes the activity related to unrecognized tax benefits:

(Amounts in millions)	Unrecognized Tax Benefits
Balance at September 30, 2022	$	15
Reductions for tax positions related to prior years	(1)
Balance at September 29, 2023	14
Additions for tax positions related to prior years	9
Reductions for tax positions related to prior years	(7)
Additions for tax positions related to current years	2
Lapse of statute of limitations	(5)
Settlements	(4)
Balance at September 27, 2024	9
Additions for tax positions related to current years	2
Lapse of statute of limitations	(5)
Balance at October 3, 2025	$	6