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Income Taxes (Tables)
 12 Months Ended
Sep. 28, 2019
Income Tax Disclosure [Abstract]  
Income (Loss) Before Income Taxes
The Company’s (loss) income before income taxes consisted of the following:
 
 
 
Years ended
September 28, 2019
 
September 29, 2018
 
September 30, 2017
Domestic
 
$
(174.3
)
 
$
(581.9
)
 
$
1,105.8

Foreign
 
(83.4
)
 
163.3

 
124.7

 
 
$
(257.7
)
 
$
(418.6
)
 
$
1,230.5
Provision for Income Taxes
The (benefit) provision for income taxes contained the following components:
 
 
Years ended
September 28, 2019
 
September 29, 2018
 
September 30, 2017
Federal:
 
 
 
 
 
 
Current
 
$
142.9

 
$
137.1

 
$
701.1

Deferred
 
(189.9
)
 
(461.9
)
 
(276.9
)
 
 
(47.0
)

(324.8
)

424.2

State:
 
 
 
 
 
 
Current
 
22.1

 
11.0

 
53.1

Deferred
 
(41.0
)
 
(11.3
)
 
(15.9
)
 
 
(18.9
)
 
(0.3
)
 
37.2

Foreign:
 
 
 
 
 
 
Current
 
16.5

 
21.9

 
13.9

Deferred
 
(4.7
)
 
(4.1
)
 
(0.3
)
 
 
11.8

 
17.8

 
13.6

 
 
$
(54.1
)
 
$
(307.3
)
 
$
475.0
Reconciliation of Income Tax (Benefit) at U.S. Federal Statutory Rate to Company's Effective Tax Rate
The income tax (benefit) provision differed from the tax (benefit) provision computed at the U.S. federal statutory rate due to the following:
 
 
Years ended
September 28, 2019
 
September 29, 2018
 
September 30, 2017
Income tax (benefit) provision at federal statutory rate
 
(21.0
)%
 
(24.5
)%
 
35.0
 %
Increase (decrease) in tax resulting from:
 
 
 
 
 
 
Domestic production activities deduction
 
—

 
(3.1
)
 
(1.7
)
State income taxes, net of federal benefit
 
(0.7
)
 
0.7

 
2.3

U.S. tax on foreign earnings
 
(2.1
)
 
0.1

 
—

Internal restructuring
 
(3.8
)
 
—

 
—

Non-deductible goodwill
 
—

 
39.4

 
9.2

Tax credits
 
(3.3
)
 
(1.9
)
 
(0.8
)
Tax reform
 
2.0

 
(82.7
)
 
—

Unrecognized tax benefits
 
(0.1
)
 
1.8

 
(1.4
)
Compensation
 
0.8

 
0.3

 
(0.5
)
Foreign rate differential
 
(5.4
)
 
(5.2
)
 
(2.6
)
Change in deferred tax rate
 
—

 
1.2

 
0.2

Change in valuation allowance
 
9.5

 
(0.5
)
 
(1.5
)
Other
 
3.1

 
1.0

 
0.4

 
 
(21.0
)%
 
(73.4
)%
 
38.6
 %
Significant Components of the Company's Deferred Tax Assets and Liabilities
The Company’s significant deferred tax assets and liabilities were as follows:
 
 
September 28, 2019
 
September 29, 2018
Deferred tax assets
 
 
 
 
Net operating loss carryforwards
 
$
34.5

 
$
30.9

Capital losses
 
6.4

 
6.5

Non-deductible accruals
 
24.7

 
30.7

Non-deductible reserves
 
22.7

 
22.1

UK intangible assets
 
25.4

 
—

Stock-based compensation
 
20.9

 
24.0

Research and other credits
 
14.8

 
13.3

Nonqualified deferred compensation plan
 
12.9

 
12.3

Other temporary differences
 
17.8

 
11.5

 
 
180.1

 
151.3

Less: valuation allowance
 
(60.7
)
 
(25.5
)
 
 
$
119.4

 
$
125.8

Deferred tax liabilities
 
 
 
 
Depreciation and amortization
 
$
(373.0
)
 
$
(606.6
)
Debt discounts and deferrals
 
(4.5
)
 
(4.5
)
 
 
$
(377.5
)
 
$
(611.1
)
 
 
$
(258.1
)
 
$
(485.3
)
Activity of the Company's Unrecognized Income Tax Benefits
The Company’s unrecognized income tax benefits activity for fiscal 2019 and 2018 was as follows:
 
 
 
2019
 
2018
Balance at beginning of fiscal year
 
$
89.5

 
$
90.3

Tax positions related to current year:
 
 
 
 
Additions
 
22.7

 
9.0

Reductions
 
—

 
—

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

 
6.6

Reductions
 
(4.8
)
 
(15.4
)
Payments
 
—

 
—

Lapses in statutes of limitations
 
(5.8
)
 
(1.4
)
Acquired tax positions:
 
 
 
 
Additions related to reserves acquired from acquisitions
 
—

 
0.4

Balance as of the end of the fiscal year
 
$
101.6

 
$
89.5