Income Taxes (Tables)

12 Months Ended

Oct. 01, 2017

Income Tax Disclosure [Abstract]

Pretax Income (Loss)

Pretax income (loss) was generated from the following sources for each of the three fiscal years in the period ended October 1, 2017 (amounts in millions):

	2017			2016			2015
Domestic	$	(110.4	)	$	(112.5	)	$	(14.9	)
Foreign	246.5			87.1			111.8
Total	$	136.1		$	(25.4	)	$	96.9

Provision (Benefit) of Income Taxes

The provision for (benefit from) income taxes consisted of the following components for each of the three fiscal years in the period ended October 1, 2017 (amounts in millions):

	2017			2016			2015
Current:
Federal	$	0.8		$	—		$	—
State	0.6			0.2			0.2
Foreign	12.2			4.3			4.2
Deferred:
Federal	2.5			4.1			4.6
State	0.4			0.2			—
Foreign	(56.7		)	(1.6		)	3.3
	$	(40.2	)	$	7.2		$	12.3

Reconciliation of income Tax Computed at the Federal Statutary Rate

The following is a reconciliation of income tax computed at the federal statutory rate to our actual tax expense for each of the three fiscal years in the period ended October 1, 2017 (amounts in millions):

	2017			2016			2015
Tax computed at federal statutory rate	$	47.6		$	(8.9	)	$	33.9
State taxes, net of federal impact	0.5			0.5			(2.1		)
Foreign income taxed at different rates	(78.5		)	(7.0		)	(33.1		)
Tax credits and incentives	(8.8		)	(10.7		)	(5.1		)
Stock award compensation	(13.9		)	(4.6		)	1.3
Unrecognized tax benefits	11.4			30.6			3.7
Sale/transfer of assets	5.6			(45.6		)	—
U.S. tax on foreign income	54.7			2.0			1.3
Non-deductible permanent items	—			6.2			0.9
Expiration of tax attributes	20.0			5.0			—
Investment in foreign subsidiaries	(0.2		)	2.7			(0.5		)
Withholding taxes	—			1.1			(0.3		)
Deferred tax remeasurement	(4.0		)	—			—
Other differences, net	2.6			0.6			(1.0		)
Valuation allowance	(77.2		)	35.3			13.3
	$	(40.2	)	$	7.2		$	12.3

Components of Deferred Tax Assets (Liabilities)

The tax effected deferred tax assets (liabilities) are comprised of the following components (amounts in millions):

	October 1, 2017			October 2, 2016
Accounts receivable, net	$	2.3		$	2.1
Inventories	23.5			18.8
Accrued employee benefit expenses	4.0			10.0
Net operating losses	136.5			216.1
Tax credits and incentives	236.4			238.0
Accrued other expenses	16.0			10.3
Deferred equity compensation	20.7			20.0
Property and equipment, net	6.6			4.4
Debt issuance costs	17.3			20.9
Other assets	12.7			12.3
Total deferred tax assets	476.0			552.9
Intangible assets	(131.1		)	(176.8		)
Investment in foreign subsidiaries	(2.3		)	(2.5		)
Total deferred tax liabilities	(133.4		)	(179.3		)
Less valuation allowance	(379.2		)	(456.4		)
	$	(36.6	)	$	(82.8	)

Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (amounts in millions):

	October 1, 2017			October 2, 2016			September 27, 2015
Beginning gross unrecognized tax benefits	$	319.0		$	121.8		$	97.7
Additions based on tax positions related to the current year	21.8			33.1			3.5
Additions based on current year acquisitions	0.4			132.6			16.2
Additions based on tax positions of prior years	3.4			36.3			4.8
Reductions based on tax positions of prior years	(65.9		)	—			—
Reductions for lapses and settlements	(0.2		)	(4.8		)	(0.4		)
Ending gross unrecognized tax benefit	$	278.5		$	319.0		$	121.8