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Income Taxes (Tables)
12 Months Ended
Oct. 01, 2023
Income Tax Disclosure [Abstract]  
Components of Earnings/(Loss) Before Income Taxes Components of earnings before income taxes (in millions):
Fiscal Year EndedOct 1, 2023Oct 2, 2022Oct 3, 2021
United States$4,488.6 $3,484.9 $4,138.5 
Foreign913.3 747.0 1,218.4 
Total earnings before income taxes$5,401.9 $4,231.9 $5,356.9 
Provision/(Benefit) for Income Taxes Provision/(benefit) for income taxes (in millions):
Fiscal Year EndedOct 1, 2023Oct 2, 2022Oct 3, 2021
Current taxes:
U.S. federal$678.2 $477.6 $681.8 
U.S. state and local235.9 164.0 190.0 
Foreign422.4 283.8 409.8 
Total current taxes1,336.5 925.4 1,281.6 
Deferred taxes:
U.S. federal117.0 92.6 10.4 
U.S. state and local(0.8)10.5 (6.4)
Foreign(175.5)(80.0)(129.0)
Total deferred taxes(59.3)23.1 (125.0)
Total income tax expense$1,277.2 $948.5 $1,156.6 
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 1, 2023Oct 2, 2022Oct 3, 2021
Statutory rate21.0 %21.0 %21.0 %
State income taxes, net of federal tax benefit3.4 3.3 2.7 
Foreign rate differential0.4 0.3 0.5 
Change in tax rates0.0 0.0 (1.3)
Other, net(1.2)(2.2)(1.3)
Effective tax rate23.6 %22.4 %21.6 %
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 1, 2023Oct 2, 2022
Deferred tax assets:
Operating lease liabilities$2,395.3 $2,289.1 
Stored value card liability and deferred revenue1,638.1 1,662.6 
Intangible assets and goodwill 313.4 313.6 
Other642.3 605.7 
Total4,989.1 4,871.0 
Valuation allowance(148.6)(228.7)
Total deferred tax asset, net of valuation allowance4,840.5 4,642.3 
Deferred tax liabilities:
Operating lease, right-of-use assets(2,291.8)(2,194.3)
Property, plant and equipment(525.4)(482.2)
Other(268.1)(284.7)
Total(3,085.3)(2,961.2)
Net deferred tax asset (liability)$1,755.2 $1,681.1 
Reported as:
Deferred income tax assets$1,769.8 $1,799.7 
Deferred income tax liabilities (included in Other long-term liabilities)(14.6)(118.6)
Net deferred tax asset (liability)$1,755.2 $1,681.1 
Summary of Activity Related to Unrecognized Tax Benefits The following table summarizes the activity related to our unrecognized tax benefits (in millions):
Oct 1, 2023Oct 2, 2022Oct 3, 2021
Beginning balance$89.7 $82.6 $123.7 
Increase related to prior year tax positions1.2 0.2 4.8 
Decrease related to prior year tax positions(0.4)(0.7)(11.9)
Increase related to current year tax positions14.5 9.0 8.9 
Decreases related to settlements with taxing authorities— — (4.4)
Decrease related to lapsing of statute of limitations— (1.4)(38.5)
Ending balance$105.0 $89.7 $82.6