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Stockholders' Equity
 9 Months Ended
Jul. 03, 2026
Stockholders' Equity Note [Abstract]  
STOCKHOLDERS’ EQUITY
10.    STOCKHOLDERS’ EQUITY

Stock Repurchase and Retirement
On February 4, 2025, the Board of Directors approved a stock repurchase program (“February 2025 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 3, 2027, on the open market or in privately negotiated transactions, in compliance with applicable securities laws and other legal requirements.

During each of the three and nine months ended July 3, 2026, the Company did not repurchase any shares of its common stock under the February 2025 stock repurchase plan. As of July 3, 2026, approximately $1.2 billion remained available under the February 2025 stock repurchase program.

During the three and nine months ended June 27, 2025, the Company repurchased 5.2 million and 12.6 million shares of its common stock for $333.4 million and $837.7 million (including commissions and excise tax, as applicable) under the February 2025 stock repurchase plan, respectively.

On July 27, 2026, the Board of Directors terminated the February 2025 stock repurchase program and approved a new stock repurchase program (“July 2026 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 January 31, 2029, on the open market or in privately negotiated transactions, in compliance with applicable securities laws and other legal requirements. The July 2026 stock repurchase program succeeds in its entirety the February 2025 stock repurchase program. The timing and amount of any shares of the Company’s common stock that are repurchased under the July 2026 stock repurchase program will be determined by the Company’s management based on its evaluation of market conditions, stock price, legal and regulatory requirements, alternative available opportunities, and other factors. The July 2026 stock repurchase program may be suspended or discontinued at any time. The Company currently expects to fund the July 2026 stock repurchase program using the Company’s working capital.

Dividends
On July 28, 2026, in light of the pending mergers, the Company announced that the Board of Directors had decided not to declare quarterly cash dividends on the Company’s common stock going forward. Any 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 2, 2026October 3, 2025
Per ShareTotal AmountPer ShareTotal Amount
First quarter$0.71 $106.4 $0.70 $112.5 
Second quarter0.71 106.8 0.70 110.6 
Third quarter0.71 106.9 0.70 103.9 
Total dividends$2.13 $320.1 $2.10 $327.0 

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 EndedNine Months Ended
July 3, 2026June 27, 2025July 3, 2026June 27, 2025
Cost of goods sold$10.9 $8.5 $34.0 $21.5 
Research and development30.0 32.8 96.4 86.0 
Selling, general, and administrative12.3 13.9 38.5 48.9 
Restructuring, impairment, and other charges— — — 12.5 
Total share-based compensation$53.2 $55.2 $168.9 $168.9