Stockholders' Equity

9 Months Ended

Jul. 03, 2016

Stockholders' Equity Note [Abstract]

Stockholders' Equity

STOCKHOLDERS’ EQUITY

Repurchases of common stock— During year-to-date 2016, we repurchased 3.5 million common shares at an aggregate cost of $250.0 million. As of July 3, 2016, there was $150.0 million remaining under stock-buyback programs which expire in November 2017.

Dividends—During year-to-date 2016, the Board of Directors declared three cash dividends of $0.30 per common share which were paid on June 7, 2016, March 14, 2016 and December 22, 2015 to shareholders of record as of the close of business on May 24, 2016, March 1, 2016 and December 9, 2015, respectively, and totaled $30.7 million. Future dividends are subject to approval by our Board of Directors.