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Employee Stock and Benefit Plans (Tables)
12 Months Ended
Sep. 27, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Stock-Based Compensation Expense Recognized in the Consolidated Financial Statements
Stock-based compensation expense recognized in the consolidated financial statements (in millions):
Fiscal Year Ended
Sep 27, 2015
 
Sep 28, 2014
 
Sep 29, 2013
Options
$
37.8

 
$
41.8

 
$
37.1

RSUs
172.0

 
141.4

 
105.2

Total stock-based compensation expense recognized in the consolidated statements of earnings
$
209.8

 
$
183.2

 
$
142.3

Total related tax benefit
$
72.3

 
$
63.4

 
$
49.8

Total capitalized stock-based compensation included in net property, plant and equipment and inventories on the consolidated balance sheets
$
1.9

 
$
1.9

 
$
1.8

Employee Stock Options Granted During the Period, Valuation Assumptions
The fair value of stock option awards was estimated at the grant date with the following weighted average assumptions for fiscal years 2015, 2014, and 2013:
 
Employee Stock Options
Granted During the Period
Fiscal Year Ended
2015
 
2014
 
2013
Expected term (in years)
4.2

 
4.5

 
4.8

Expected stock price volatility
22.3
%
 
26.8
%
 
34.0
%
Risk-free interest rate
1.1
%
 
1.1
%
 
0.7
%
Expected dividend yield
1.6
%
 
1.3
%
 
1.6
%
Weighted average grant price
$
39.89

 
$
40.12

 
$
25.62

Estimated fair value per option granted
$
6.58

 
$
8.36

 
$
6.44

Stock Option Transactions
Stock option transactions for the year ended September 27, 2015 (in millions, except per share and contractual life amounts):
 
Shares
Subject to
Options
 
Weighted
Average
Exercise
Price
per Share
 
Weighted
Average
Remaining
Contractual
Life (Years)
 
Aggregate
Intrinsic
Value
Outstanding, September 28, 2014
39.6

 
$
18.93

 
5.8
 
$
754

Granted
6.4

 
39.89

 
 
 
 
Exercised
(11.3
)
 
14.99

 
 
 
 
Expired/forfeited
(1.1
)
 
32.38

 
 
 
 
Outstanding, September 27, 2015
33.6

 
23.81

 
6.0
 
1,150

Exercisable, September 27, 2015
21.1

 
16.75

 
4.7
 
872

Vested and expected to vest, September 27, 2015
32.4

 
23.29

 
5.9
 
1,125

RSU Transactions
RSU transactions for the year ended September 27, 2015 (in millions, except per share and contractual life amounts):
 
Number
of
Shares
 
Weighted
Average
Grant Date
Fair Value
per Share
 
Weighted
Average
Remaining
Contractual
Life (Years)
 
Aggregate
Intrinsic
Value
Nonvested, September 28, 2014
10.8

 
$
31.17

 
1.0
 
$
407

Granted
6.7

 
38.56

 
 
 
 
Vested
(5.1
)
 
26.73

 
 
 
 
Forfeited/canceled
(1.7
)
 
36.10

 
 
 
 
Nonvested, September 27, 2015
10.7

 
36.35

 
1.0
 
620