Taxes on Earnings Taxes on Earnings (Tables)

12 Months Ended

Oct. 02, 2015

Income Tax Disclosure [Abstract]

Schedule of Taxes on Earnings

Taxes on earnings were as follows:

	Fiscal Years
	2015			2014			2013
(In millions)
Current provision:
Federal	$	52.8		$	86.6		$	110.1
State and local	8.4			6.1			13.4
Foreign	76.0			62.2			54.3
Total current	137.2			154.9			177.8
Deferred provision (benefit):
Federal	2.5			5.0			(3.9		)
State and local	(0.6		)	(0.1		)	(0.2		)
Foreign	3.5			11.0			0.1
Total deferred	5.4			15.9			(4.0		)
Taxes on earnings	$	142.6		$	170.8		$	173.8

Schedule of Earnings Before Taxes

Earnings before taxes are generated from the following geographic areas:

	Fiscal Years
	2015		2014		2013
(In millions)
United States	$	223.9	$	173.9	$	308.0
Foreign	330.8		400.6		304.1
Total earnings before taxes	$	554.7	$	574.5	$	612.1

Schedule of Effective Income Tax Rate

The effective tax rate differs from the U.S. federal statutory tax rate as a result of the following:

	Fiscal Years
	2015		2014		2013
Federal statutory income tax rate	35.0	%	35.0	%	35.0	%
State and local taxes, net of federal tax benefit	0.8	%	0.8	%	1.3	%
Non-U.S. income taxed at different rates, net	(9.2	)%	(5.2	)%	(5.6	)%
Other	(0.9	)%	(0.9	)%	(2.3	)%
Effective tax rate	25.7	%	29.7	%	28.4	%

Schedule of Components of Deferred Tax Assets and Liabilities

Significant components of deferred tax assets and liabilities are as follows:

	October 2,			September 26,
(In millions)	2015			2014
Deferred Tax Assets:
Deferred revenues	$	28.2		$	26.9
Deferred compensation	33.5			37.3
Product warranty	10.5			10.9
Inventory adjustments	20.9			19.7
Equity-based compensation	22.8			28.8
Environmental reserve	4.3			4.8
Accruals and reserves	14.3			14.3
Net operating loss carryforwards	92.6			79.1
Other	31.7			38.2
	258.8			260.0
Valuation allowance	(69.7		)	(67.5		)
Total deferred tax assets	189.1			192.5
Deferred Tax Liabilities:
Tax-deductible goodwill	(23.3		)	(27.7		)
Fixed assets	(15.5		)	(16.3		)
Unremitted earnings of foreign subsidiaries	(27.9		)	(24.0		)
Other	(34.8		)	(29.3		)
Total deferred tax liabilities	(101.5		)	(97.3		)
Net deferred tax assets	$	87.6		$	95.2
Reported As:
Net current deferred tax assets	$	132.1		$	126.0
Net long-term deferred tax assets (included in other assets)	9.4			11.5
Net current deferred tax liabilities (included in accrued liabilities)	(6.4		)	(10.8		)
Net long-term deferred tax liabilities (included in other long-term liabilities)	(47.5		)	(31.5		)
Net deferred tax assets	$	87.6		$	95.2

Schedule of Income Taxes Paid

Income taxes paid were as follows:

	Fiscal Years
	2015		2014		2013
(In millions)
Federal income taxes paid, net	$	57.1	$	66.2	$	119.1
State, income taxes paid, net	7.2		7.3		14.9
Foreign income taxes paid, net	55.5		67.3		69.4
Total income taxes paid, net	$	119.8	$	140.8	$	203.4

Schedule of Changes in Unrecognized Tax Benefits

Changes in the Company’s unrecognized tax benefits were as follows:

	Fiscal Years
	2015			2014			2013
(In millions)
Unrecognized tax benefits balance–beginning of fiscal year	$	49.6		$	37.0		$	38.8
Additions based on tax positions related to a prior year	—			10.7			2.5
Reductions based on tax positions related to a prior year	(9.9		)	(0.3		)	(0.7		)
Additions based on tax positions related to the current year	5.7			8.2			6.6
Settlements	—			(0.4		)	(4.2		)
Reductions resulting from the expiration of the applicable statute of limitations	(5.9		)	(5.6		)	(6.0		)
Unrecognized tax benefits balance–end of fiscal year	$	39.5		$	49.6		$	37.0