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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Mar. 30, 2024
Apr. 01, 2023
OPERATING ACTIVITIES    
Net income $ 416.4 $ 405.9
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 52.6 44.3
Amortization of acquired intangible assets 109.5 122.4
Stock-based compensation expense 54.5 43.7
Deferred income taxes (46.8) (61.6)
Intangible asset impairment charges 31.1 0.0
Change in contingent consideration 1.7 (12.4)
Other adjustments and non-cash items 23.0 29.6
Changes in operating assets and liabilities, excluding the effect of acquisitions and dispositions:    
Accounts receivable (20.1) (81.8)
Inventories (30.4) (56.1)
Prepaid income taxes (115.3) 8.3
Prepaid expenses and other assets (12.5) 10.5
Accounts payable 26.7 (13.2)
Accrued expenses and other liabilities 13.3 (22.4)
Deferred revenue 8.7 42.5
Net cash provided by operating activities 512.4 459.7
INVESTING ACTIVITIES    
Sale of business, net of cash disposed (31.3) 0.0
Capital expenditures (35.5) (34.5)
Proceeds received from government grants for capacity expansion 0.0 20.5
Increase in equipment under customer usage agreements (30.5) (26.7)
Payments to Acquire Other Investments 39.5 10.0
Payments for (Proceeds from) Other Investing Activities (5.9) (6.7)
Net cash used in investing activities (142.7) (57.4)
FINANCING ACTIVITIES    
Repayment of long-term debt (268.8) (7.5)
Payment for Contingent Consideration Liability, Financing Activities (2.6) (7.6)
Payment of deferred acquisition consideration 0.0 (0.8)
Repurchase of common stock (676.8) (150.0)
Proceeds from issuance of common stock pursuant to employee stock plans 18.4 28.4
Payment of minimum tax withholdings on net share settlements of equity awards (16.3) (23.2)
Payments under finance lease obligations (1.9) (2.3)
Net cash used in financing activities (948.0) (163.0)
Effect of exchange rate changes on cash and cash equivalents 2.6 3.4
Net (decrease) increase in cash and cash equivalents (575.7) 242.7
Cash and cash equivalents, beginning of period* [1] 2,755.7 2,339.5
Cash and cash equivalents, end of period $ 2,180.0 $ 2,582.2
[1] Includes $33.2 million of cash recorded in assets held-for-sale - current assets as of September 30, 2023.