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Income Taxes (Tables)
 12 Months Ended
Sep. 30, 2017
Income Tax Disclosure [Abstract]  
Income (Loss) Before Income Taxes
The Company’s income before income taxes consisted of the following:
 
 
 
Years ended
September 30, 2017
 
September 24, 2016
 
September 26, 2015
Domestic
 
$
1,105.8

 
$
310.7

 
$
158.3

Foreign
 
124.7

 
104.6

 
18.9

 
 
$
1,230.5

 
$
415.3

 
$
177.2
Provision for Income Taxes
The provision for income taxes contained the following components:
 
 
Years ended
September 30, 2017
 
September 24, 2016
 
September 26, 2015
Federal:
 
 
 
 
 
 
Current
 
$
701.1

 
$
209.0

 
$
185.2

Deferred
 
(276.9
)
 
(122.7
)
 
(137.0
)
 
 
424.2


86.3


48.2

State:
 
 
 
 
 
 
Current
 
53.1

 
16.6

 
3.5

Deferred
 
(15.9
)
 
(22.7
)
 
(11.0
)
 
 
37.2

 
(6.1
)
 
(7.5
)
Foreign:
 
 
 
 
 
 
Current
 
13.9

 
14.7

 
5.7

Deferred
 
(0.3
)
 
(10.4
)
 
(0.8
)
 
 
13.6

 
4.3

 
4.9

 
 
$
475.0

 
$
84.5

 
$
45.6
Reconciliation of Income Tax (Benefit) at U.S. Federal Statutory Rate to Company's Effective Tax Rate
The income tax provision differed from the tax provision computed at the U.S. federal statutory rate due to the following:
 
 
Years ended
September 30, 2017
 
September 24, 2016
 
September 26, 2015
Income tax provision at federal statutory rate
 
35.0
 %
 
35.0
 %
 
35.0
 %
Increase (decrease) in tax resulting from:
 
 
 
 
 
 
Domestic production activities deduction
 
(1.7
)
 
(5.0
)
 
(10.1
)
State income taxes, net of federal benefit
 
2.3

 
2.0

 
1.2

Non-deductible goodwill
 
9.2

 
—

 
—

Tax credits
 
(0.8
)
 
(3.2
)
 
(3.8
)
Unrecognized tax benefits
 
(1.4
)
 
2.4

 
(1.8
)
Cumulative translation adjustment write-off
 
—

 
—

 
1.9

Compensation
 
(0.5
)
 
0.1

 
1.9

Foreign rate differential
 
(2.6
)
 
(6.1
)
 
(1.6
)
Change in deferred tax rate
 
0.2

 
(1.8
)
 
—

Change in valuation allowance
 
(1.5
)
 
(3.4
)
 
1.0

Other
 
0.4

 
0.3

 
2.1

 
 
38.6
 %
 
20.3
 %
 
25.8
 %
Significant Components of the Company's Deferred Tax Assets and Liabilities
The Company’s significant deferred tax assets and liabilities were as follows:
 
 
September 30, 2017
 
September 24, 2016
Deferred tax assets
 
 
 
 
Net operating loss carryforwards
 
$
50.1

 
$
40.0

Capital losses
 
7.1

 
19.1

Non-deductible accruals
 
50.6

 
21.1

Non-deductible reserves
 
30.0

 
31.1

Stock-based compensation
 
39.3

 
34.8

Research and other credits
 
13.6

 
10.7

Nonqualified deferred compensation plan
 
16.4

 
14.1

Other temporary differences
 
16.5

 
9.2

 
 
223.6

 
180.1

Less: valuation allowance
 
(28.2
)
 
(46.2
)
 
 
$
195.4

 
$
133.9

Deferred tax liabilities
 
 
 
 
Depreciation and amortization
 
$
(1,071.5
)
 
$
(1,030.8
)
Debt discounts and deferrals
 
(88.4
)
 
(76.4
)
 
 
$
(1,159.9
)
 
$
(1,107.2
)
 
 
$
(964.5
)
 
$
(973.3
)
Activity of the Company's Unrecognized Income Tax Benefits
The Company’s unrecognized income tax benefits activity for fiscal 2017 and 2016 was as follows:
 
 
 
2017
 
2016
Balance at beginning of fiscal year
 
$
163.6

 
$
154.7

Tax positions related to current year:
 
 
 
 
Additions
 
21.8

 
23.9

Reductions
 
—

 
—

Tax positions related to prior years:
 
 
 
 
Additions related to change in estimate
 
1.1

 
1.1

Reductions
 
(77.3
)
 
(6.9
)
Payments
 
(1.6
)
 
(6.0
)
Lapses in statutes of limitations
 
(19.9
)
 
(3.2
)
Acquired tax positions:
 
 
 
 
Additions related to reserves acquired from acquisitions
 
2.6

 
—

Balance as of the end of the fiscal year
 
$
90.3

 
$
163.6