Note 3 Balance Sheet and Income Statement Details

12 Months Ended

Sep. 28, 2019

Balance Sheet and Income Statement Details [Abstract]

Additional Financial Information Disclosure [Text Block]

Balance Sheet and Income Statement Details

Inventories

Components of inventories were as follows: 

	As of
	September 28, 2019		September 29, 2018
	(In thousands)
Raw materials	$	898,077	$	1,139,585
Work-in-process	869		132,803
Finished goods	1,611		101,616
Total	$	900,557	$	1,374,004

The significant decrease in work-in-process and finished goods was due to the adoption of ASC 606 in the first quarter of 2019, as further discussed in Notes 2 and 4.

Property, Plant and Equipment, net

Property, plant and equipment consisted of the following: 

	As of
	September 28, 2019			September 29, 2018
	(In thousands)
Machinery and equipment	$	1,448,812		$	1,476,903
Land and buildings	639,667			617,258
Leasehold improvements	44,015			56,190
Furniture and fixtures	23,619			23,911
Construction in progress	39,420			47,725
	2,195,533			2,221,987
Less: Accumulated depreciation and amortization	(1,564,886		)	(1,579,074		)
Property, plant and equipment, net	$	630,647		$	642,913

Depreciation expense was $115 million, $112 million and $111 million for 2019, 2018 and 2017, respectively. 

Goodwill

Goodwill is included in other noncurrent assets on the consolidated balance sheets. The net carrying value of goodwill is as follows:

	As of
	September 28, 2019		September 29, 2018
	(In thousands)
Goodwill - beginning of year	$	28,516	$	59,126
Impairment	—		(30,610		)
Goodwill - end of year	$	28,516	$	28,516

During the Company's annual goodwill impairment analysis in 2018, the Company concluded that the fair value of one of its CPS operating segments was below its carrying value, resulting in an impairment charge of $31 million. The fair value of the reporting unit was estimated based on the present value of future discounted cash flows.

Other Income (Expense), net

The following table summarizes the major components of other income (expense), net: 

	Year ended
	September 28, 2019			September 29, 2018		September 30, 2017
	(In thousands)
Foreign exchange gains	$	281		$	766	$	4,709
Other, net	(11,127		)	3,798		2,973
Total	$	(10,846	)	$	4,564	$	7,682

Other, net in 2019 is primarily fees incurred in connection with sales of accounts receivable.