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Stockholders' Equity (Tables)
 12 Months Ended
Sep. 27, 2024
Stockholders' Equity Note [Abstract]  
Dividends Declared
Dividends charged to retained earnings were as follows (in millions, except per share data):
Fiscal Years Ended
September 27, 2024September 29, 2023
Per ShareTotal AmountPer ShareTotal Amount
First quarter$0.68 $108.9 $0.62 $99.4 
Second quarter0.68 109.1 0.62 98.6 
Third quarter0.68 109.1 0.62 98.7 
Fourth quarter0.70 112.0 0.68 108.5 
Total dividends$2.74 $439.1 $2.54 $405.2 
Share-Based Compensation, Outstanding Awards Activity
The following table represents a summary of the Company’s restricted and performance awards and units:
 
 
 Shares
(in millions)
Weighted Average
Grant Date Fair Value
Non-vested awards outstanding at September 29, 2023
3.4 $112.69 
Granted (1)2.5 $92.24 
Vested(1.2)$117.84 
Canceled/forfeited(0.4)$121.22 
Non-vested awards outstanding at September 27, 2024
4.3 $98.51 
(1) Includes performance stock awards granted and earned assuming target performance under the underlying performance metrics.
Share-Based Compensation, Aggregate Intrinsic Value, Awards Vested
The following table summarizes the total intrinsic value for awards vested (in millions):
Fiscal Years Ended
September 27, 2024September 29, 2023September 30, 2022
Awards$111.8 $111.9 $249.6 
Share-Based Compensation, Expensed and Capitalized
The following table summarizes pre-tax share-based compensation expense by financial statement line item and related tax benefit (in millions):
Fiscal Years Ended
September 27, 2024September 29, 2023September 30, 2022
Cost of goods sold$32.0 $20.7 $26.9 
Research and development85.5 94.8 93.8 
Selling, general, and administrative62.8 69.6 74.5 
Total share-based compensation$180.3 $185.1 $195.2 
Share-based compensation tax expense (benefit)
$18.9 $9.1 $(20.1)
Capitalized share-based compensation expense at period end$10.1 $14.5 $6.8 
Unrecognized Compensation Cost, Nonvested Awards
The following table summarizes total compensation costs related to unvested share-based awards not yet recognized and the weighted-average period over which it is expected to be recognized as of September 27, 2024:
Unrecognized Compensation Cost for Unvested Awards
(in millions)		Weighted Average Remaining Recognition Period
(in years)
Awards$253.1 3.2
Share-Based Compensation, Performance Shares, Valuation Assumptions Used The fair value of these performance stock unit awards was estimated on the date of the grant using a Monte Carlo simulation with the following weighted-average assumptions:

Fiscal Year Ended
September 27, 2024September 29, 2023September 30, 2022
Volatility of common stock37.36 %45.71 %44.04 %
Average volatility of peer companies30.95 %40.74 %46.28 %
Average correlation coefficient of peer companies0.54 0.65 0.65 
Risk-free interest rate4.61 %4.51 %0.79 %
Dividend yield3.04 %2.80 %1.40 %