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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Sep. 27, 2024
Sep. 29, 2023
Sep. 30, 2022
Cash flows from operating activities:      
Net income $ 596.0 $ 982.8 $ 1,275.2
Adjustments to reconcile net income to net cash provided by operating activities:      
Share-based compensation 180.3 185.1 195.2
Depreciation 264.8 387.8 394.4
Amortization of intangible assets, including inventory step-up 186.5 225.9 295.7
Deferred income taxes (108.4) (151.2) 68.4
Asset impairment charges 147.9 64.5 20.7
Amortization of debt discount and issuance costs 2.5 4.0 4.0
Other, net (8.8) (3.5) (1.5)
Changes in assets and liabilities:      
Receivables, net 355.4 229.8 (337.8)
Inventory 330.4 90.8 (337.3)
Accounts payable 10.4 (87.1) 31.3
Other current and long-term assets and liabilities (132.3) (72.5) (183.7)
Net cash provided by operating activities 1,824.7 1,856.4 1,424.6
Cash flows from investing activities:      
Capital expenditures (157.0) (210.3) (489.4)
Purchased intangibles (26.1) (25.8) (20.3)
Purchases of marketable securities (270.9) (288.8) (97.2)
Sales and maturities of marketable securities 86.5 294.0 220.3
Other 11.6 6.5 7.7
Net cash used in investing activities (355.9) (224.4) (378.9)
Cash flows from financing activities:      
Repurchase of common stock - payroll tax withholdings on equity awards (36.3) (35.9) (88.5)
Repurchase of common stock - stock repurchase program (77.3) (175.3) (886.8)
Dividends paid (439.1) (405.2) (373.1)
Net proceeds from exercise of stock options 1.1 5.1 6.4
Proceeds from employee stock purchase plan 32.6 32.1 29.4
Payments of debt (300.0) (900.0) (50.0)
Net cash used in financing activities (819.0) (1,479.2) (1,362.6)
Net increase (decrease) in cash and cash equivalents 649.8 152.8 (316.9)
Cash and cash equivalents at beginning of period 718.8 566.0 882.9
Cash and cash equivalents at end of period 1,368.6 718.8 566.0
Supplemental cash flow disclosures:      
Income taxes paid 181.2 228.9 230.0
Interest paid 28.3 62.3 44.4
Incentives paid in common stock 1.2 19.2 32.2
Non-cash investing in capital expenditures, accrued but not paid $ 34.7 $ 12.0 $ 43.2