Employee Stock Plans

9 Months Ended

Jul. 02, 2023

Share-Based Payment Arrangement [Abstract]

Employee Stock Plans

Employee Stock Plans

As of July 2, 2023, there were 92.5 million shares of common stock available for issuance pursuant to future equity-based compensation awards and 10.4 million shares available for issuance under our employee stock purchase plan.

Stock-based compensation expense recognized in the consolidated statements of earnings (in millions):

	Quarter Ended				Three Quarters Ended
	Jul 2, 2023		Jul 3, 2022		Jul 2, 2023		Jul 3, 2022
Restricted Stock Units (“RSUs”)	$	69.1	$	57.4	$	228.3	$	207.2
Options	0.1		(0.1)		0.2		(0.6)
Total stock-based compensation expense	$	69.2	$	57.3	$	228.5	$	206.6

Stock option and RSU transactions from October 2, 2022 through July 2, 2023 (in millions):

	Stock Options		RSUs
Options outstanding/Nonvested RSUs, October 2, 2022	4.1		7.0
Granted	—		4.3
Options exercised/RSUs vested	(2.0)		(2.9)
Forfeited/expired	0.0		(0.9)
Options outstanding/Nonvested RSUs, July 2, 2023	2.1		7.5
Total unrecognized stock-based compensation expense, net of estimated forfeitures, as of July 2, 2023	$	—	$	223.9