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Income Taxes (Tables)
12 Months Ended
Oct. 02, 2022
Income Tax Disclosure [Abstract]  
Components of Earnings/(Loss) Before Income Taxes Components of earnings before income taxes (in millions):
Fiscal Year EndedOct 2, 2022Oct 3, 2021Sep 27, 2020
United States$3,484.9 $4,138.5 $904.6 
Foreign747.0 1,218.4 259.8 
Total earnings before income taxes$4,231.9 $5,356.9 $1,164.4 
Provision/(Benefit) for Income Taxes Provision/(benefit) for income taxes (in millions):
Fiscal Year EndedOct 2, 2022Oct 3, 2021Sep 27, 2020
Current taxes:
U.S. federal$477.6 $681.8 $49.9 
U.S. state and local164.0 190.0 36.9 
Foreign283.8 409.8 181.4 
Total current taxes925.4 1,281.6 268.2 
Deferred taxes:
U.S. federal92.6 10.4 (8.4)
U.S. state and local10.5 (6.4)(4.8)
Foreign(80.0)(129.0)(15.3)
Total deferred taxes23.1 (125.0)(28.5)
Total income tax expense$948.5 $1,156.6 $239.7 
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 EndedOct 2, 2022Oct 3, 2021Sep 27, 2020
Statutory rate21.0 %21.0 %21.0 %
State income taxes, net of federal tax benefit3.3 2.7 2.2 
Foreign rate differential0.3 0.5 (3.2)
Foreign derived intangible income(0.8)(0.5)(1.4)
Valuation allowances(0.7)0.2 10.0 
Excess tax benefits of stock-based compensation(0.5)(0.9)(4.2)
Charitable contributions(0.3)(0.4)(1.7)
Change in tax rates0.0 (1.3)(2.2)
Other, net0.1 0.3 0.1 
Effective tax rate22.4 %21.6 %20.6 %
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 2, 2022Oct 3, 2021
Deferred tax assets:
Operating lease liabilities$2,289.1 $2,395.2 
Stored value card liability and deferred revenue1,662.6 1,679.4 
Intangible assets and goodwill 313.6 317.7 
Other605.7 641.0 
Total$4,871.0 $5,033.3 
Valuation allowance(228.7)(275.3)
Total deferred tax asset, net of valuation allowance$4,642.3 $4,758.0 
Deferred tax liabilities:
Operating lease, right-of-use assets(2,194.3)(2,296.5)
Property, plant and equipment(482.2)(451.2)
Other(284.7)(284.0)
Total(2,961.2)(3,031.7)
Net deferred tax asset (liability)$1,681.1 $1,726.3 
Reported as:
Deferred income tax assets1,799.7 1,874.8 
Deferred income tax liabilities (included in Other long-term liabilities)(118.6)(148.5)
Net deferred tax asset (liability)$1,681.1 $1,726.3 
Summary of Activity Related to Unrecognized Tax Benefits The following table summarizes the activity related to our unrecognized tax benefits (in millions):
Oct 2, 2022Oct 3, 2021Sep 27, 2020
Beginning balance$82.6 $123.7 $132.1 
Increase related to prior year tax positions0.2 4.8 11.1 
Decrease related to prior year tax positions(0.7)(11.9)(0.5)
Increase related to current year tax positions9.0 8.9 9.8 
Decreases related to settlements with taxing authorities— (4.4)— 
Decrease related to lapsing of statute of limitations(1.4)(38.5)(28.8)
Ending balance$89.7 $82.6 $123.7