Income Taxes (Tables)

12 Months Ended

Sep. 27, 2015

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

Components of income tax expense for the fiscal years indicated were as follows (in millions):



	2015			2014			2013
Current federal income tax	$	310		$	359		$	321
Current state income tax	76			82			73
Current foreign income tax	(1		)	2			3
Total current tax	385			443			397
Deferred federal income tax	(40		)	(66		)	(44		)
Deferred state income tax	(2		)	(10		)	(10		)
Deferred foreign income tax	(1		)	—			—
Total deferred tax	(43		)	(76		)	(54		)
Total income tax expense	$	342		$	367		$	343

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

Actual income tax expense for the fiscal years indicated differed from the amount computed by applying statutory corporate income tax rates to income before income taxes as follows (in millions):



	2015			2014			2013
Federal income tax based on statutory rates	$	307		$	331		$	313
Increase (reduction) in income taxes resulting from:
Tax-exempt interest	(1		)	(1		)	(1		)
Excess charitable contributions	(9		)	(8		)	(7		)
Federal income tax credits	(3		)	(3		)	(2		)
Other, net	2			2			—
Total federal income taxes	296			321			303
State income taxes, net of federal income tax benefit	48			47			41
Tax impact of foreign operations	(2		)	(1		)	(1		)
Total income tax expense	$	342		$	367		$	343

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities were as follows (in millions):



	September 27, 2015			September 28, 2014
Deferred tax assets:
Compensation-related costs	$	207		$	159
Insurance-related costs	59			53
Inventories	2			—
Lease and other termination accruals	11			13
Rent differential	170			156
Tax basis of fixed assets in excess of financial basis	11			9
Net domestic and international operating loss carryforwards	23			20
Other	15			8
Gross deferred tax assets	498			418
Valuation allowance	(35		)	(30		)
Deferred tax assets	463			388
Deferred tax liabilities:
Financial basis of fixed assets in excess of tax basis	(117		)	(79		)
Inventories	—			(5		)
Capitalized costs expensed for tax purposes	(3		)	(4		)
Deferred tax liabilities	(120		)	(88		)
Net deferred tax asset	$	343		$	300

Summary of Net Deferred Tax Assets Classification [Table Text Block]

Deferred taxes have been classified on the Consolidated Balance Sheets as follows (in millions):



	September 27, 2015		September 28, 2014
Current assets	$	199	$	168
Noncurrent assets	144		132
Net deferred tax asset	$	343	$	300