XML 48 R35.htm IDEA: XBRL DOCUMENT v3.26.3
Stockholders' Equity (Tables)
12 Months Ended
Oct. 02, 2026
Stockholders' Equity Note [Abstract]  
Dividends Declared
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 
Fourth quarter— — 0.71 105.6 
Total dividends$2.13 $320.1 $2.81 $432.6 
Share-Based Compensation, Outstanding Awards Activity
The following table represents a summary of the Company’s restricted and performance awards and units:
 
 
 Shares
(in millions)
Weighted Average
Grant Date Fair Value
Non-vested awards outstanding as of October 3, 2025
5.5 $86.36 
Granted (1)3.9 $69.65 
Vested(2.0)$88.69 
Canceled/forfeited(1.0)$84.06 
Non-vested awards outstanding as of October 2, 2026
6.4 $75.50 
(1) Includes performance stock awards granted and earned assuming target performance under the underlying performance metrics.
Share-Based Compensation, Aggregate Intrinsic Value, Awards Vested
The following table summarizes the total intrinsic value for awards vested (in millions):
Fiscal Years Ended
October 2, 2026October 3, 2025September 27, 2024
Awards$140.8 $128.1 $111.8 
Share-Based Compensation, Expensed and Capitalized
The following table summarizes pre-tax share-based compensation expense by financial statement line item and related tax expense (in millions):
Fiscal Years Ended
October 2, 2026October 3, 2025September 27, 2024
Cost of goods sold$37.2 $29.5 $32.0 
Research and development129.7 126.9 85.5 
Selling, general, and administrative51.5 63.5 62.8 
Restructuring, impairment, and other charges— 12.5 — 
Total share-based compensation$218.4 $232.4 $180.3 
Share-based compensation tax expense
$10.1 $5.6 $18.9 
Capitalized share-based compensation expense at period end$20.2 $21.7 $10.1 
Unrecognized Compensation Cost, Nonvested Awards
The following table summarizes total compensation costs related to unvested share-based awards not yet recognized and the weighted-average period over which it is expected to be recognized as of October 2, 2026:
Unrecognized Compensation Cost for Unvested Awards
(in millions)
Weighted Average Remaining Recognition Period
(in years)
Awards$269.2 3.3
Share-Based Compensation, Performance Shares, Valuation Assumptions Used The fair value of these performance stock unit awards was estimated on the date of the grant using a Monte Carlo simulation with the following weighted-average assumptions:

Fiscal Years Ended
October 2, 2026October 3, 2025September 27, 2024
Volatility of common stock41.14 %38.76 %37.36 %
Average volatility of peer companies29.89 %30.70 %30.95 %
Average correlation coefficient of peer companies0.43 0.52 0.54 
Risk-free interest rate3.53 %4.14 %4.61 %
Dividend yield4.12 %3.51 %3.04 %