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Income Taxes Income Tax
3 Months Ended
Jan. 02, 2021
Income Tax Disclosure [Abstract]  
Income Tax Disclosure [Text Block] Income Taxes
Interim Period Tax Expense
Because of the uncertainties associated with the impact of COVID-19 on our projections of full-year pre-tax earnings and income tax expense, as well as the projected impact of permanent tax differences and other items that are generally not proportional to full-year earnings (“Permanent Differences”), our normal approach of using an estimated full-year effective income tax rate to determine interim period tax expense produces an income tax provision for the current year-to-date period
that is not meaningful. Accordingly, we calculated year-to-date fiscal 2021 tax expense based on year-to-date earnings before tax and using a blended U.S. Federal and state statutory tax rate of approximately 23%, and adjusted for the estimated impact of Permanent Differences.
Unrecognized Tax Benefits
The change in the Company’s gross unrecognized tax benefits for the quarter ended January 2, 2021 was not material. In the next twelve months, it is reasonably possible that our unrecognized tax benefits could change due to resolutions of open tax matters, which would reduce our unrecognized tax benefits by $0.3 billion, of which $0.3 billion would reduce income tax expense and the effective tax rate if recognized.