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Income Taxes (Tables)
12 Months Ended
Oct. 03, 2021
Income Tax Disclosure [Abstract]  
Components of Earnings/(Loss) Before Income Taxes Components of earnings before income taxes (in millions):
Fiscal Year EndedOct 3, 2021Sep 27, 2020Sep 29, 2019
United States$4,138.5 $904.6 $3,518.7 
Foreign1,218.4 259.8 947.5 
Total earnings before income taxes$5,356.9 $1,164.4 $4,466.2 
Provision/(Benefit) for Income Taxes Provision/(benefit) for income taxes (in millions):
Fiscal Year EndedOct 3, 2021Sep 27, 2020Sep 29, 2019
Current taxes:
U.S. federal$681.8 $49.9 $1,414.3 
U.S. state and local190.0 36.9 447.8 
Foreign409.8 181.4 458.3 
Total current taxes1,281.6 268.2 2,320.4 
Deferred taxes:
U.S. federal10.4 (8.4)(1,074.5)
U.S. state and local(6.4)(4.8)(322.4)
Foreign(129.0)(15.3)(51.9)
Total deferred taxes(125.0)(28.5)(1,448.8)
Total income tax expense$1,156.6 $239.7 $871.6 
Reconciliation of the Statutory U.S. Federal Income Tax Rate With Our Effective Income Tax Rate Reconciliation of the statutory U.S. federal income tax rate with our effective income tax rate:
Fiscal Year EndedOct 3, 2021Sep 27, 2020Sep 29, 2019
Statutory rate21.0 %21.0 %21.0 %
State income taxes, net of federal tax benefit2.7 2.2 2.1 
Foreign rate differential0.5 (3.2)(0.1)
Change in tax rates(1.3)(2.2)— 
Excess tax benefits of stock-based compensation(0.9)(4.2)(2.1)
Foreign derived intangible income(0.5)(1.4)(1.5)
Charitable contributions(0.4)(1.7)— 
Valuation allowances0.2 10.0 — 
Residual tax on foreign earnings— — 1.7 
Tax impacts related to sale of certain operations— — (1.3)
Other, net0.3 0.1 (0.3)
Effective tax rate21.6 %20.6 %19.5 %
Tax Effect of Temporary Differences and Carryforwards that Comprise Significant Portions of Deferred Tax Assets and Liabilities Tax effect of temporary differences and carryforwards that comprise significant portions of deferred tax assets and liabilities (in millions):
Oct 3, 2021Sep 27, 2020
Deferred tax assets:
Operating lease liabilities$2,395.2 $2,313.0 
Stored value card liability and deferred revenue1,679.4 1,678.6 
Intangible assets and goodwill 317.7 248.6 
Other641.0 554.4 
Total$5,033.3 $4,794.6 
Valuation allowance(275.3)(239.4)
Total deferred tax asset, net of valuation allowance$4,758.0 $4,555.2 
Deferred tax liabilities:
Operating lease, right-of-use assets(2,296.5)(2,191.8)
Property, plant and equipment(451.2)(463.3)
Other(284.0)(268.3)
Total(3,031.7)(2,923.4)
Net deferred tax asset (liability)$1,726.3 $1,631.8 
Reported as:
Deferred income tax assets1,874.8 1,789.9 
Deferred income tax liabilities (included in Other long-term liabilities)(148.5)(158.1)
Net deferred tax asset (liability)$1,726.3 $1,631.8 
Summary of Activity Related to Unrecognized Tax Benefits The following table summarizes the activity related to our unrecognized tax benefits (in millions):
Oct 3, 2021Sep 27, 2020Sep 29, 2019
Beginning balance$123.7 $132.1 $224.6 
Increase related to prior year tax positions4.8 11.1 3.8 
Decrease related to prior year tax positions(11.9)(0.5)(75.3)
Increase related to current year tax positions8.9 9.8 18.5 
Decreases related to settlements with taxing authorities(4.4)— (16.4)
Decrease related to lapsing of statute of limitations(38.5)(28.8)(23.1)
Ending balance$82.6 $123.7 $132.1