Note 3 Balance Sheet and Income Statement Details

12 Months Ended

Sep. 30, 2023

Balance Sheet and Income Statement Details [Abstract]

Additional Financial Information Disclosure [Text Block]

Balance Sheet and Income Statement Details

Property, Plant and Equipment, net

Property, plant and equipment consisted of the following: 

	As of
	September 30, 2023		October 1, 2022
	(In thousands)
Machinery and equipment	$	1,626,129	$	1,523,598
Land and buildings	677,478		656,839
Leasehold improvements	44,619		42,793
Furniture and fixtures	25,845		24,805
Construction in progress	124,657		91,928
	2,498,728		2,339,963
Less: Accumulated depreciation and amortization	(1,865,892)		(1,764,793)
Property, plant and equipment, net	$	632,836	$	575,170

Depreciation expense was $116 million, $108 million and $109 million for 2023, 2022 and 2021, respectively. 

Other Income (Expense), net

In 2021, the Company sold intellectual property for $15 million in 2021, of which $8 million has been received in cash. The sale of intellectual property was included in other income (expense), net on the consolidated statements of income. During 2022, the Company expected to incur credit losses with the counterparty for the remaining $7 million due under the arrangement and consequently, recorded a charge of $7 million in other income (expense), net, on the consolidated statements of income to establish an allowance.

A foreign entity of the Company was substantially liquidated in 2021 and the Company reclassified $8 million of cumulative translation adjustments associated with this entity from accumulated other comprehensive income to other income (expense), net on the consolidated statements of income in 2021.

The Company received $16 million of cash in 2021 in connection with settlements of certain anti-trust class action matters and recognized a gain in other income (expense), net on the consolidated statements of income.