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Quarterly Results (unaudited)
 12 Months Ended
Sep. 27, 2015
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information [Text Block]
Quarterly Results (unaudited)
The Company’s first fiscal quarter consists of 16 weeks, the second and third fiscal quarters each are 12 weeks, and the fourth fiscal quarter is 12 or 13 weeks. Fiscal years 2015 and 2014 were 52-week years with twelve weeks in the fourth quarter. Because the first fiscal quarter is longer than the remaining quarters, it typically represents a larger share of the Company’s annual sales from existing stores. Quarter-to-quarter comparisons of results of operations have been and may be materially impacted by the timing of new store openings. The Company believes that the following information reflects all adjustments, consisting of normal recurring accruals, necessary for a fair presentation. The operating results for any quarter are not necessarily indicative of results for any future period.

During the fourth quarter of fiscal year 2015, “Selling, general, and administrative expenses” included asset impairment charges totaling approximately $46 million related to certain locations for which asset value exceeded expected future cash flows and a one-time termination charge of $34 million related to restructuring.

The following tables set forth selected unaudited quarterly Consolidated Statements of Operations information for the fiscal years ended September 27, 2015 and September 28, 2014 (in millions, except per share amounts):
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
Fiscal Year 2015 (1)
 
 
 
 
 
 
 
Sales
$
4,671

 
$
3,647

 
$
3,632

 
$
3,438

Cost of goods sold and occupancy costs
3,045

 
2,337

 
2,339

 
2,252

Gross profit
1,626

 
1,310

 
1,293

 
1,186

Selling, general and administrative expenses
1,330

 
1,029

 
1,032

 
1,080

Pre-opening expenses
21

 
20

 
12

 
14

Relocation, store closure and lease termination costs
4

 
6

 
2

 
4

Operating income
271

 
255

 
247

 
88

Investment and other income, net of interest expense
3

 
4

 
5

 
4

Income before income taxes
274

 
259

 
252

 
92

Provision for income taxes
107

 
101

 
98

 
36

Net income
$
167

 
$
158

 
$
154

 
$
56

 
 
 
 
 
 
 
 
Basic earnings per share
$
0.46

 
$
0.44

 
$
0.43

 
$
0.16

Diluted earnings per share
$
0.46

 
$
0.44

 
$
0.43

 
$
0.16

 
 
 
 
 
 
 
 
Dividends declared per common share
$
0.13

 
$
0.13

 
$
0.13

 
$
0.13

 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
Fiscal Year 2014 (1)
 
 
 
 
 
 
 
Sales
$
4,239

 
$
3,322

 
$
3,377

 
$
3,256

Cost of goods sold and occupancy costs
2,754

 
2,131

 
2,163

 
2,102

Gross profit
1,485

 
1,191

 
1,214

 
1,154

Selling, general and administrative expenses
1,209

 
947

 
951

 
925

Pre-opening expenses
16

 
11

 
18

 
22

Relocation, store closure and lease termination costs
5

 
2

 
2

 
2

Operating income
255

 
231

 
243

 
205

Investment and other income, net of interest expense
4

 
2

 
4

 
2

Income before income taxes
259

 
233

 
247

 
207

Provision for income taxes
101

 
91

 
96

 
79

Net income
$
158

 
$
142

 
$
151

 
$
128

 
 
 
 
 
 
 
 
Basic earnings per share
$
0.42

 
$
0.38

 
$
0.41

 
$
0.35

Diluted earnings per share
$
0.42

 
$
0.38

 
$
0.41

 
$
0.35

 
 
 
 
 
 
 
 
Dividends declared per common share
$
0.12

 
$
0.12

 
$
0.12

 
$
0.12

(1) Sum of quarterly amounts, including per share amounts, may not equal fiscal year totals due to the effect of rounding and the independent quarterly computation of per share amounts.