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Employee Stock and Benefit Plans (Tables)
12 Months Ended
Oct. 02, 2016
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
Oct 2, 2016
 
Sep 27, 2015
 
Sep 28, 2014
Options
$
42.7

 
$
37.8

 
$
41.8

RSUs
175.4

 
172.0

 
141.4

Total stock-based compensation expense recognized in the consolidated statements of earnings
$
218.1

 
$
209.8

 
$
183.2

Total related tax benefit
$
73.0

 
$
72.3

 
$
63.4

Total capitalized stock-based compensation included in net property, plant and equipment and inventories on the consolidated balance sheets
$
1.5

 
$
1.9

 
$
1.9

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 2016, 2015 and 2014:
 
Employee Stock Options
Granted During the Period
Fiscal Year Ended
2016
 
2015
 
2014
Expected term (in years)
3.9

 
4.2

 
4.5

Expected stock price volatility
23.9
%
 
22.3
%
 
26.8
%
Risk-free interest rate
1.2
%
 
1.1
%
 
1.1
%
Expected dividend yield
1.3
%
 
1.6
%
 
1.3
%
Weighted average grant price
$
60.20

 
$
39.89

 
$
40.12

Estimated fair value per option granted
$
10.54

 
$
6.58

 
$
8.36

Stock Option Transactions
Stock option transactions for the year ended October 2, 2016 (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 27, 2015
33.6

 
$
23.81

 
6.0
 
$
1,150

Granted
6.1

 
60.20

 
 
 
 
Exercised
(6.7
)
 
20.61

 
 
 
 
Expired/forfeited
(1.7
)
 
40.94

 
 
 
 
Outstanding, October 2, 2016
31.3

 
30.59

 
5.8
 
771

Exercisable, October 2, 2016
20.1

 
21.01

 
4.4
 
670

Vested and expected to vest, October 2, 2016
30.1

 
29.78

 
5.7
 
765

RSU Transactions
RSU transactions for the year ended October 2, 2016 (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 27, 2015
10.7

 
$
36.35

 
1.0
 
$
620

Granted
4.1

 
58.81

 
 
 
 
Vested
(4.9
)
 
34.44

 
 
 
 
Forfeited/canceled
(1.6
)
 
45.82

 
 
 
 
Nonvested, October 2, 2016
8.3

 
46.15

 
0.9
 
448