BALANCE SHEET DETAILS

12 Months Ended

Sep. 27, 2025

Additional Financial Information Disclosure [Text Block]

Balance Sheet Details

Cash and Cash Equivalents, and Restricted Cash Equivalents

Reconciliation of cash and cash equivalents to consolidated statements of cash flows is as follows.


	As of
	September 27, 2025		September 28, 2024
	(In thousands)
Cash and cash equivalents	$	926,267	$	625,860
Restricted cash equivalents (1)	39,953		—
Total cash, cash equivalents and restricted cash equivalents	$	966,220	$	625,860

(1) Represents money market funds related to the deferred compensation plan. Due to the restrictions on the distributions of these funds, the amount is considered restricted and recorded in prepaid expenses and other current assets on the consolidated balance sheets.

Property, Plant and Equipment, net

Property, plant and equipment consisted of the following:


	As of
	September 27, 2025		September 28, 2024
	(In thousands)
Machinery and equipment	$	1,808,699	$	1,749,377
Land and buildings	753,187		735,197
Leasehold improvements	45,619		46,074
Furniture and fixtures	28,823		27,253
Construction in progress	109,283		20,338
	2,745,611		2,578,239
Less: Accumulated depreciation and amortization	(2,063,257)		(1,962,172)
Property, plant and equipment, net	$	682,354	$	616,067

Depreciation expense was $119 million, $122 million and $116 million for 2025, 2024 and 2023, respectively.

Deferred Revenue and Customer Advances

As of September 27, 2025 and September 28, 2024, customer advances for raw materials inventory of $852 million and $151 million, respectively, were recorded under deferred revenue and customer advances in the consolidated balance sheets. These customer advances received by the Company as an advance on customer-specific raw materials acquired at the customer’s request.