Income Taxes (Tables)

12 Months Ended

Oct. 01, 2017

Income Tax Disclosure [Abstract]

Components of Earnings/(Loss) Before Income Taxes

Components of earnings before income taxes (in millions):

Fiscal Year Ended	Oct 1, 2017		Oct 2, 2016		Sep 27, 2015
United States	$	3,393.0	$	3,415.7	$	2,837.2
Foreign	924.5		782.9		1,065.8
Total earnings before income taxes	$	4,317.5	$	4,198.6	$	3,903.0

Provision/(Benefit) for Income Taxes

Provision/(benefit) for income taxes (in millions):

Fiscal Year Ended	Oct 1, 2017			Oct 2, 2016			Sep 27, 2015
Current taxes:
U.S. federal	$	931.0		$	704.1		$	801.0
U.S. state and local	170.8			166.5			150.1
Foreign	216.6			218.5			172.2
Total current taxes	1,318.4			1,089.1			1,123.3
Deferred taxes:
U.S. federal	121.2			351.3			56.5
U.S. state and local	14.2			25.8			4.0
Foreign	(21.2		)	(86.5		)	(40.1		)
Total deferred taxes	114.2			290.6			20.4
Total income tax expense	$	1,432.6		$	1,379.7		$	1,143.7

Reconciliation of the Statutory U.S. Federal Income Tax Rate With Our Effective Income Tax Rate

Reconciliation of the statutory U.S. federal income tax rate with our effective income tax rate:

Fiscal Year Ended	Oct 1, 2017		Oct 2, 2016		Sep 27, 2015
Statutory rate	35.0	%	35.0	%	35.0	%
State income taxes, net of federal tax benefit	2.8		3.0		2.8
Benefits and taxes related to foreign operations	(2.8	)	(2.2	)	(2.1	)
Domestic production activity deduction	(1.8	)	(1.9	)	(2.2	)
Gain resulting from acquisition of joint venture	—		—		(3.7	)
Other, net	—		(1.0	)	(0.5	)
Effective tax rate	33.2	%	32.9	%	29.3	%

Tax Effect of Temporary Differences and Carryforwards that Comprise Significant Portions of Deferred Tax Assets and Liabilities

Tax effect of temporary differences and carryforwards that comprise significant portions of deferred tax assets and liabilities (in millions):

	Oct 1, 2017			Oct 2, 2016
Deferred tax assets:
Property, plant and equipment	$	71.3		$	56.8
Accrued occupancy costs	118.0			104.5
Accrued compensation and related costs	95.0			88.6
Stored value card liability	130.7			124.2
Stock-based compensation	125.9			138.3
Net operating losses	80.8			79.0
Litigation charge	792.0			862.3
Other	180.8			197.4
Total	$	1,594.5		$	1,651.1
Valuation allowance	(80.1		)	(70.3		)
Total deferred tax asset, net of valuation allowance	$	1,514.4		$	1,580.8
Deferred tax liabilities:
Property, plant and equipment	(477.2		)	(445.7		)
Intangible assets and goodwill	(159.0		)	(175.9		)
Other	(89.1		)	(88.5		)
Total	(725.3		)	(710.1		)
Net deferred tax asset	$	789.1		$	870.7
Reported as:
Deferred income tax assets	795.4			885.4
Deferred income tax liabilities (included in Other long-term liabilities)	(6.3		)	(14.7		)
Net deferred tax asset	$	789.1		$	870.7

Summary of Activity Related to Unrecognized Tax Benefits

The following table summarizes the activity related to our unrecognized tax benefits (in millions):

	Oct 1, 2017			Oct 2, 2016			Sep 27, 2015
Beginning balance	$	146.5		$	150.4		$	112.7
Increase related to prior year tax positions	10.4			—			7.9
Decrease related to prior year tax positions	—			(23.6		)	(0.9		)
Increase related to current year tax positions	41.3			33.7			32.0
Decrease related to current year tax positions	—			—			(0.6		)
Decreases related to settlements with taxing authorities	—			(3.1		)	(0.7		)
Decrease related to lapsing of statute of limitations	(1.3		)	(10.9		)	—
Ending balance	$	196.9		$	146.5		$	150.4