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Pay vs Performance Disclosure
pure in Millions
12 Months Ended
Sep. 27, 2024
USD ($)
Sep. 29, 2023
USD ($)
Sep. 30, 2022
USD ($)
Oct. 01, 2021
USD ($)
Pay vs Performance Disclosure        
Pay vs Performance Disclosure, Table
Year
(a)
Summary
Compensation
Table Total
for PEO(1)
(b)
Compensation
Actually
Paid to
PEO(2)
(c)
Average
Summary
Compensation
Table Total
for Non-PEO
Named
Executive
Officers(1)
(d)
Average
Compensation
Actually
Paid to
Non-PEO
Named
Executive
Officers(2)
(e)
Value of Initial
Fixed $100 Investment
Based on:
Net Income
(h)
Revenue
($ in millions)
(i)
Total
Shareholder
Return
(f)
Peer Group
Total
Shareholder
Return(3)
(g)
2024 $ 18,096,527 $ 11,158,819 $ 5,177,613 $ 3,223,277 $ 73.19 $ 389.19 $ 595,997,860 $ 4,178.0
2023 $ 17,261,436 $ 24,905,013 $ 5,104,831 $ 7,246,354 $ 71.02 $ 185.42 $ 982,763,578 $ 4,772.4
2022 $ 16,667,162 $ (3,791,369) $ 5,057,362 $ (596,664) $ 59.92 $ 95.60 $ 1,275,184,583 $ 5,485.5
2021 $ 16,150,421 $ 17,740,729 $ 4,231,051 $ 4,521,969 $ 113.02 $ 136.11 $ 1,498,319,703 $ 5,109.1
(1)
Our PEO was Liam K. Griffin for all years in the table. Our Other NEOs were Kris Sennesael (all years), Carlos S. Bori (all years), Robert J. Terry (all years), Reza Kasnavi (fiscal years 2024, 2023, and 2022) and Karilee A. Durham (fiscal year 2021).
(2)
The following table describes the adjustments, each of which is prescribed by SEC rules, to calculate the CAP Amounts from the SCT Amounts for fiscal year 2024. The SCT Amounts and the CAP Amounts do not reflect the actual amount of
compensation earned by or paid to our executives during the applicable years, but rather are amounts determined in accordance with Item 402 of Regulation S-K under the Exchange Act.
Fiscal Year 2024
Adjustments
PEO
Other NEOs*
SCT Amounts
$ 18,096,527 $ 5,177,613
Adjustments for stock and option awards
(Subtract): Aggregate value for stock awards and option awards included in SCT Amounts for the covered fiscal year $ (15,523,244) $ (4,185,690)
Add: Fair value at year end of awards granted during the covered fiscal year that were outstanding and unvested at the covered fiscal year end $ 13,967,338 $ 3,766,141
Add (Subtract): Year-over-year change in fair value at covered fiscal year end of awards
granted in any prior fiscal year that were outstanding and unvested at the covered fiscal
year end
$ (4,678,397) $ (1,330,718)
Add: Vesting date fair value of awards granted and vested during the covered fiscal year $ 13,940 $ 3,574
Add (Subtract): Change as of the vesting date (from the end of the prior fiscal year) in fair value of awards granted in any prior fiscal year for which vesting conditions were satisfied during the covered fiscal year $ (717,345) $ (207,643)
(Subtract): Fair value at end of prior fiscal year of awards granted in any prior fiscal year
that failed to meet the applicable vesting conditions during the covered fiscal year
$ 0 $ 0
Add: Dividends or other earnings paid on stock or option awards in the covered fiscal
year prior to vesting if not otherwise included in the SCT Amounts for the covered fiscal
year
$ 0 $ 0
CAP Amounts (as calculated)
$ 11,158,819 $ 3,223,277
*
Amounts presented are averages for the entire group of Other NEOs.
The valuation methodology used to calculate fair values in the above table did not materially differ from those used to calculate fair values at the time of grant as reflected in the SCT Amounts.
(3)
The peer group is the S&P 500 Semiconductors Index.
     
Company Selected Measure Name Revenue      
Named Executive Officers, Footnote
(1)
Our PEO was Liam K. Griffin for all years in the table. Our Other NEOs were Kris Sennesael (all years), Carlos S. Bori (all years), Robert J. Terry (all years), Reza Kasnavi (fiscal years 2024, 2023, and 2022) and Karilee A. Durham (fiscal year 2021).
     
Peer Group Issuers, Footnote
(3)
The peer group is the S&P 500 Semiconductors Index.
     
PEO Total Compensation Amount $ 18,096,527 $ 17,261,436 $ 16,667,162 $ 16,150,421
PEO Actually Paid Compensation Amount $ 11,158,819 24,905,013 (3,791,369) 17,740,729
Adjustment To PEO Compensation, Footnote
(2)
The following table describes the adjustments, each of which is prescribed by SEC rules, to calculate the CAP Amounts from the SCT Amounts for fiscal year 2024. The SCT Amounts and the CAP Amounts do not reflect the actual amount of
compensation earned by or paid to our executives during the applicable years, but rather are amounts determined in accordance with Item 402 of Regulation S-K under the Exchange Act.
Fiscal Year 2024
Adjustments
PEO
Other NEOs*
SCT Amounts
$ 18,096,527 $ 5,177,613
Adjustments for stock and option awards
(Subtract): Aggregate value for stock awards and option awards included in SCT Amounts for the covered fiscal year $ (15,523,244) $ (4,185,690)
Add: Fair value at year end of awards granted during the covered fiscal year that were outstanding and unvested at the covered fiscal year end $ 13,967,338 $ 3,766,141
Add (Subtract): Year-over-year change in fair value at covered fiscal year end of awards
granted in any prior fiscal year that were outstanding and unvested at the covered fiscal
year end
$ (4,678,397) $ (1,330,718)
Add: Vesting date fair value of awards granted and vested during the covered fiscal year $ 13,940 $ 3,574
Add (Subtract): Change as of the vesting date (from the end of the prior fiscal year) in fair value of awards granted in any prior fiscal year for which vesting conditions were satisfied during the covered fiscal year $ (717,345) $ (207,643)
(Subtract): Fair value at end of prior fiscal year of awards granted in any prior fiscal year
that failed to meet the applicable vesting conditions during the covered fiscal year
$ 0 $ 0
Add: Dividends or other earnings paid on stock or option awards in the covered fiscal
year prior to vesting if not otherwise included in the SCT Amounts for the covered fiscal
year
$ 0 $ 0
CAP Amounts (as calculated)
$ 11,158,819 $ 3,223,277
*
Amounts presented are averages for the entire group of Other NEOs.
The valuation methodology used to calculate fair values in the above table did not materially differ from those used to calculate fair values at the time of grant as reflected in the SCT Amounts.
     
Non-PEO NEO Average Total Compensation Amount $ 5,177,613 5,104,831 5,057,362 4,231,051
Non-PEO NEO Average Compensation Actually Paid Amount $ 3,223,277 7,246,354 (596,664) 4,521,969
Adjustment to Non-PEO NEO Compensation Footnote
(2)
The following table describes the adjustments, each of which is prescribed by SEC rules, to calculate the CAP Amounts from the SCT Amounts for fiscal year 2024. The SCT Amounts and the CAP Amounts do not reflect the actual amount of
compensation earned by or paid to our executives during the applicable years, but rather are amounts determined in accordance with Item 402 of Regulation S-K under the Exchange Act.
Fiscal Year 2024
Adjustments
PEO
Other NEOs*
SCT Amounts
$ 18,096,527 $ 5,177,613
Adjustments for stock and option awards
(Subtract): Aggregate value for stock awards and option awards included in SCT Amounts for the covered fiscal year $ (15,523,244) $ (4,185,690)
Add: Fair value at year end of awards granted during the covered fiscal year that were outstanding and unvested at the covered fiscal year end $ 13,967,338 $ 3,766,141
Add (Subtract): Year-over-year change in fair value at covered fiscal year end of awards
granted in any prior fiscal year that were outstanding and unvested at the covered fiscal
year end
$ (4,678,397) $ (1,330,718)
Add: Vesting date fair value of awards granted and vested during the covered fiscal year $ 13,940 $ 3,574
Add (Subtract): Change as of the vesting date (from the end of the prior fiscal year) in fair value of awards granted in any prior fiscal year for which vesting conditions were satisfied during the covered fiscal year $ (717,345) $ (207,643)
(Subtract): Fair value at end of prior fiscal year of awards granted in any prior fiscal year
that failed to meet the applicable vesting conditions during the covered fiscal year
$ 0 $ 0
Add: Dividends or other earnings paid on stock or option awards in the covered fiscal
year prior to vesting if not otherwise included in the SCT Amounts for the covered fiscal
year
$ 0 $ 0
CAP Amounts (as calculated)
$ 11,158,819 $ 3,223,277
*
Amounts presented are averages for the entire group of Other NEOs.
The valuation methodology used to calculate fair values in the above table did not materially differ from those used to calculate fair values at the time of grant as reflected in the SCT Amounts.
     
Compensation Actually Paid vs. Total Shareholder Return [MISSING IMAGE: bc_peergroup-pn.jpg]      
Compensation Actually Paid vs. Net Income
[MISSING IMAGE: bc_revenue-pn.jpg]
     
Compensation Actually Paid vs. Company Selected Measure
[MISSING IMAGE: bc_netincome-pn.jpg]
     
Total Shareholder Return Vs Peer Group [MISSING IMAGE: bc_peergroup-pn.jpg]      
Tabular List, Table
The following table lists the five financial performance measures that, in our assessment, represent the most important performance measures we use to link the CAP Amounts for our named executive officers for fiscal year 2024 (our most recently completed fiscal year) to company performance. Of these measures, we have identified revenue as the most important.
EBITDA margin percentile ranking
Emerging revenue growth
Non-GAAP operating income
Revenue
TSR percentile ranking
     
Total Shareholder Return Amount $ 73.19 71.02 59.92 113.02
Peer Group Total Shareholder Return Amount 389.19 185.42 95.6 136.11
Net Income (Loss) $ 595,997,860 $ 982,763,578 $ 1,275,184,583 $ 1,498,319,703
Company Selected Measure Amount 4,178.0 4,772.4 5,485.5 5,109.1
PEO Name Liam K. Griffin      
Measure:: 1        
Pay vs Performance Disclosure        
Name   EBITDA margin percentile ranking    
Measure:: 2        
Pay vs Performance Disclosure        
Name   Emerging revenue growth    
Measure:: 3        
Pay vs Performance Disclosure        
Name   Non-GAAP operating income    
Measure:: 4        
Pay vs Performance Disclosure        
Name   Revenue    
Measure:: 5        
Pay vs Performance Disclosure        
Name   TSR percentile ranking    
PEO | Equity Awards Value In Summary Compensation Table (Grant Date Value) [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ (15,523,244)      
PEO | Year-end Fair Value Of Awards Granted In The Current Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 13,967,338      
PEO | Change In Fair Value Of Outstanding And Unvested Awards Granted In Prior Fiscal Years [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (4,678,397)      
PEO | Change In Fair Value As Of Vesting Date Of Awards Vested During Current Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 13,940      
PEO | Change In Fair Value As Of Vesting Date Of Prior Year Awards Vested During Current Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (717,345)      
PEO | Adjustments For Equity Awards Failed To Meet Performance Conditions [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0      
PEO | Dividends Or Other Earnings Paid On Equity Awards Not Otherwise Reflected In Fair Value [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0      
Non-PEO NEO | Equity Awards Value In Summary Compensation Table (Grant Date Value) [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (4,185,690)      
Non-PEO NEO | Year-end Fair Value Of Awards Granted In The Current Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 3,766,141      
Non-PEO NEO | Change In Fair Value Of Outstanding And Unvested Awards Granted In Prior Fiscal Years [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (1,330,718)      
Non-PEO NEO | Change In Fair Value As Of Vesting Date Of Awards Vested During Current Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 3,574      
Non-PEO NEO | Change In Fair Value As Of Vesting Date Of Prior Year Awards Vested During Current Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (207,643)      
Non-PEO NEO | Adjustments For Equity Awards Failed To Meet Performance Conditions [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0      
Non-PEO NEO | Dividends Or Other Earnings Paid On Equity Awards Not Otherwise Reflected In Fair Value [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ 0