Skyworks Solutions (SWKS) 10-Q 5 Aug 15 2015 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Jul. 03, 2015	Jul. 31, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	Skyworks Solutions, Inc.
Entity Central Index Key	4,127
Document Type	10-Q
Document Period End Date	Jul. 3, 2015
Amendment Flag	false
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3
Current Fiscal Year End Date	--10-02
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		190,737,961

Consolidated Statements Of Oper

Consolidated Statements Of Operations - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Jul. 03, 2015	Jun. 27, 2014	Jul. 03, 2015	Jun. 27, 2014
Income Statement [Abstract]
Net revenue	$ 810	$ 587	$ 2,377.6	$ 1,573.2
Cost of goods sold	416.9	322.8	1,259.3	874.6
Gross profit	393.1	264.2	1,118.3	698.6
Operating expenses:
Research and development	76.8	64.2	220.8	184.2
Selling, general and administrative	48.6	45.8	143.9	128.8
Amortization of intangibles	8.4	5.7	25.2	18.5
Restructuring and other charges	0.5	0	2.9	0
Total operating expenses	134.3	115.7	392.8	331.5
Operating income	258.8	148.5	725.5	367.1
Other income (expense), net	0.6	0	1.9	(0.1)
Income before income taxes	259.4	148.5	727.4	367
Provision for income taxes	52	37.1	158.3	84.2
Net income	$ 207.4	$ 111.4	$ 569.1	$ 282.8
Earnings per share:
Basic (in dollars per share)	$ 1.09	$ 0.59	$ 3	$ 1.51
Diluted (in dollars per share)	$ 1.06	$ 0.58	$ 2.92	$ 1.47
Weighted average shares:
Basic (in shares)	190	187.5	189.5	187
Diluted (in shares)	195.4	193.2	194.9	192.2
Cash dividends declared and paid per share (usd per share)	$ 0.13	$ 0.11	$ 0.39	$ 0.11

Consolidated Statement of Compr

Consolidated Statement of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 03, 2015	Jun. 27, 2014	Jul. 03, 2015	Jun. 27, 2014
Statement of Comprehensive Income [Abstract]
Net income	$ 207.4	$ 111.4	$ 569.1	$ 282.8
Other comprehensive income, net of tax
Foreign currency translation adjustment	0	0	(3)	0
Comprehensive income	$ 207.4	$ 111.4	$ 566.1	$ 282.8

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Jul. 03, 2015	Oct. 03, 2014
Current assets:
Cash and cash equivalents	$ 1,106	$ 805.8
Receivables, net of allowance for doubtful accounts of $0.4 and $0.8, respectively	381.7	317.6
Inventory	272.7	270.8
Other current assets	57.7	35
Total current assets	1,818.1	1,429.2
Property, plant and equipment, net	721.6	555.9
Goodwill	854.7	851
Intangible assets, net	53.3	75
Deferred tax assets, net	55.5	50.8
Other assets	15.1	11.9
Total assets	3,518.3	2,973.8
Current liabilities:
Accounts payable	228.2	200.6
Accrued compensation and benefits	77.3	70.7
Other current liabilities	13.5	26.3
Total current liabilities	319	297.6
Long-term tax liabilities	55.5	41.6
Other long-term liabilities	101.8	102.2
Total liabilities	$ 476.3	$ 441.4
Commitments and contingencies
Stockholders’ equity:
Preferred stock, no par value: 25.0 shares authorized, no shares issued	$ 0	$ 0
Common stock, $0.25 par value; 525.0 shares authorized; 218.5 shares issued and 191.0 shares outstanding as of July 3, 2015, and 214.2 shares issued and 189.2 shares outstanding as of October 3, 2014	47.8	47.3
Additional paid-in capital	2,445.3	2,248.2
Treasury stock, at cost	(732.8)	(553.1)
Retained earnings	1,289.6	794.9
Accumulated other comprehensive loss	(7.9)	(4.9)
Total stockholders’ equity	3,042	2,532.4
Total liabilities and stockholders’ equity	$ 3,518.3	$ 2,973.8

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Jul. 03, 2015	Oct. 03, 2014
Current assets:
Allowance for Doubtful Accounts Receivable, Current	$ 0.4	$ 0.8
Stockholders' Equity Attributable to Parent [Abstract]
Preferred Stock, No Par Value	$ 0	$ 0
Preferred Stock, Shares Authorized	25,000,000	25,000,000
Preferred Stock, Shares Issued	0	0
Common Stock, Par or Stated Value Per Share	$ 0.25	$ 0.25
Common Stock, Shares Authorized	525,000,000	525,000,000
Common Stock, Shares, Issued	218,500,000	214,200,000
Common Stock, Shares, Outstanding	191,000,000	189,200,000

Consolidated Statements Of Cash

Consolidated Statements Of Cash Flows - USD ($) $ in Millions	9 Months Ended
	Jul. 03, 2015	Jun. 27, 2014
Cash flows from operating activities:
Net income	$ 569.1	$ 282.8
Adjustments to reconcile net income to net cash provided by operating activities:
Share-based compensation	74.4	62.4
Depreciation	116.4	66.5
Amortization of intangible assets	25.2	18.5
Contribution of common shares to savings and retirement plans	13.1	10.4
Deferred income taxes	(4.7)	1.1
Excess tax benefit from share-based compensation	(50.2)	(38.3)
Other	0.8	0.6
Changes in assets and liabilities net of acquired balances:
Receivables, net	(64.1)	41.3
Inventory	(1)	30.8
Other current and long-term assets	(18)	8.3
Accounts payable	27.4	37.5
Other current and long-term liabilities	71.7	50.1
Net cash provided by operating activities	760.1	572
Cash flows from investing activities:
Capital expenditures	(279.3)	(125.7)
Payments for acquisitions, net of cash acquired	(24.2)	0
Net cash used in investing activities	(303.5)	(125.7)
Cash flows from financing activities:
Excess tax benefit from share-based compensation	50.2	38.3
Repurchase of common stock - payroll tax withholding on equity awards	(53.4)	(19.7)
Repurchase of common stock - stock repurchase program	(126.3)	(119.9)
Dividends paid	(73.8)	(20.9)
Net proceeds from exercise of stock options	46.9	58.1
Net cash used in financing activities	(156.4)	(64.1)
Net increase in cash and cash equivalents	300.2	382.2
Cash and cash equivalents at beginning of period	805.8	511.1
Cash and cash equivalents at end of period	1,106	893.3
Supplemental cash flow disclosures:
Income taxes paid	$ 94.6	$ 43.9

Description Of Business and Bas

Description Of Business and Basis Of Presentation	9 Months Ended
	Jul. 03, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION	DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION Skyworks Solutions, Inc. together with its consolidated subsidiaries, (“Skyworks” or the “Company”) is empowering the wireless networking revolution, connecting virtually everyone and everything, all the time. The Company’s highly innovative analog semiconductors are linking people, places, and things spanning a number of new and previously unimagined applications within automotive, broadband, cellular infrastructure, the connected home, industrial, medical, military, smartphone, tablet and wearable markets. The accompanying unaudited interim consolidated financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) for interim financial reporting. Certain information and footnote disclosures, normally included in annual consolidated financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”), have been condensed or omitted pursuant to those rules and regulations. However, in management’s opinion, the financial information reflects all adjustments, including those of a normal recurring nature, necessary to present fairly the results of operations, financial position, and cash flows of the Company for the periods presented. The results of operations, financial position, and cash flows for the Company during the interim periods are not necessarily indicative of those expected for the full year. This information should be read in conjunction with the Company’s financial statements and notes thereto contained in the Company’s Annual Report on Form 10-K for the fiscal year ended October 3, 2014, filed with the SEC on November 25, 2014, as amended by Amendment No. 1 to such Annual Report on Form 10-K, filed with the SEC on February 2, 2015 (the “2014 10-K”). The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts of assets, liabilities, revenue, expenses, comprehensive income and accumulated other comprehensive loss that are reported in these unaudited consolidated financial statements and accompanying disclosures. The Company evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors, including the current economic environment. Significant judgment is required in determining the recognition and/or disclosure of reserves for and fair value of items such as inventory, income taxes, share-based compensation, loss contingencies, subsequent events (which the Company has evaluated through the date of issuance of these unaudited consolidated financial statements), bad debt allowances, intangible assets associated with business combinations, and overall fair value assessments of assets and liabilities, particularly those classified as Level 2 or Level 3 in the fair value hierarchy. In addition, significant judgment is required in determining whether a potential indicator of impairment of long-lived assets exists and in estimating future cash flows for any necessary impairment tests. Actual results could differ significantly from these estimates. The Company’s fiscal year ends on the Friday closest to September 30. Fiscal year 2015 consists of 52 weeks and ends on October 2, 2015 . Fiscal year 2014 consisted of 53 weeks and ended on October 3, 2014 . The third quarters of fiscal year 2015 and fiscal year 2014 each consisted of 13 weeks and ended on July 3, 2015 , and June 27, 2014 , respectively.

Business Combinations

Business Combinations	9 Months Ended
	Jul. 03, 2015
Business Combinations [Abstract]
BUSINESS COMBINATIONS	BUSINESS COMBINATIONS On August 1, 2014 , the Company entered into a joint venture, referred to as FilterCo, with Panasonic Corporation (“Panasonic”) with respect to the design, manufacture and sale of Panasonic’s surface acoustic wave (“SAW”) and temperature-compensated SAW filter products. The Company acquired a controlling 66% interest in FilterCo with the right to acquire from Panasonic and Panasonic’s right to sell to the Company (collectively the “purchase option”) the remaining 34% interest in FilterCo upon the second anniversary of the acquisition. As a result of the purchase option, the Company consolidates 100% of FilterCo’s operations. During the nine months ended July 3, 2015, Panasonic identified and contributed an additional $7.5 million of fixed assets related to filter production as well as additional employee related liabilities to FilterCo. The Company and Panasonic agreed upon these additional amounts during the nine months ended July 3, 2015, and accordingly the working capital adjustment was increased by $7.2 million , which resulted in the total fair value for FilterCo increasing to $240.4 million . These changes did not impact the preliminary determination of goodwill for the nine months ended July 3, 2015. The Company considers the allocation of purchase price preliminary and subject to change within the measurement period of up to one year from the date of the acquisition. During the nine months ended July 3, 2015, the Company finalized and paid Panasonic $18.1 million related to the working capital adjustment for the FilterCo acquisition. This adjustment had previously been accrued in the consolidated financial statements. On May 22, 2015 , the Company acquired 100% of Quantance Inc. (“Quantance”), for $6.6 million in cash and contingent consideration, subject to a working capital adjustment. The possible outcome of the total contingent consideration ranges from zero to $30.0 million and is based on the achievement of specific revenue goals over two twelve-month periods ending September 30, 2016, and September 30, 2017, respectively. The acquisition enhances the Company’s leadership position in front-end solutions by securing a rich portfolio of fundamental envelope-tracking and power efficiency patents. The acquisition had an immaterial impact on the Company’s consolidated balance sheet and results of operations and accordingly, the disclosures required per the business combination topic of the Accounting Standards Codification have been excluded from this quarterly report on Form 10-Q.

Fair Value

Fair Value	9 Months Ended
	Jul. 03, 2015
Fair Value Disclosures [Abstract]
FAIR VALUE	FAIR VALUE The Company groups its financial assets and liabilities measured at fair value on a recurring basis in three levels, based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine fair value. These levels are: • Level 1 - Quoted prices in active markets for identical assets or liabilities. • Level 2 - Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities, quoted prices in markets with insufficient volume or infrequent transactions (less active markets), or model-driven valuations in which all significant inputs are observable or can be derived principally from, or corroborated with, observable market data. • Level 3 - Fair value is derived from valuation techniques in which one or more significant inputs are unobservable, including assumptions and judgments made by the Company. Assets and Liabilities Measured and Recorded at Fair Value on a Recurring Basis The Company measures certain assets and liabilities at fair value on a recurring basis such as our financial instruments and derivatives. There have been no transfers between Level 1, 2 or 3 assets or liabilities during the three and nine months ended July 3, 2015 . Level 3 assets include an auction rate security which is classified as available for sale and recorded in other long-term assets, scheduled to mature in 2017. Due to the illiquid market for this security the Company has classified the carrying value as a Level 3 asset with the difference between the par and carrying value being categorized as a temporary loss and recorded in accumulated other comprehensive loss. Following the two-year anniversary of the Company entering into the joint venture with Panasonic, the purchase option can be exercised by either the Company or Panasonic and although the settlement amount of the purchase option is fixed, it contains a foreign exchange adjustment (“foreign exchange collar”). In the event the exchange rate between the United States dollar and the Japanese yen fluctuates outside of a predetermined range upon the exercise of the purchase option, the total amount the Company owes to Panasonic can change. This feature was intended for the parties to share in foreign exchange exposure outside of this predetermined range. The Company calculated the present value of this obligation as of August 1, 2014, the date the joint venture was formed, and included that amount in its preliminary determination of goodwill using unobservable inputs and management judgment, therefore categorizing the obligation as a level 3 liability. The difference between the calculated present value and the fixed settlement amount is being accreted to earnings ratably over the remaining purchase option period. The carrying value of this liability is included in other long-term liabilities on the consolidated balance sheet as of July 3, 2015. The Company holds currency call and put options (“foreign currency options”) that are intended to hedge the potential cash exposure related to fluctuations in the exchange rate between the United States dollar and Japanese yen related to the foreign exchange collar. The Company nets the fair value of the foreign currency options and the fair value of the foreign exchange collar separately as either a long-term asset or liability with the total change in fair value being recorded to earnings each period. The Company measures the fair value of these derivatives using current spot rates and assumptions such as yield curves and option volatilities. As of July 3, 2015, these derivatives have been netted on the consolidated balance sheet and classified as Level 3 assets and liabilities accordingly. The net change in fair value had a de minimis impact on the consolidated results. The Company has classified its contingent consideration related to its business combination with Quantance during the period ended July 3, 2015, as a Level 3 liability. The contingent consideration liability was computed on expected revenue to be generated by the acquired enterprise’s products using a weighted average probability income approach. Revenue assumptions used in the calculation require significant management judgment. Accordingly, the liability is classified as Level 3. The Company will reassess the fair value of the contingent consideration on a quarterly basis and record any applicable adjustments to earnings in the period they are determined. As of July 3, 2015 , assets and liabilities recorded at fair value on a recurring basis consisted of the following (in millions): Fair Value Measurements Total Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets Money market funds $ 594.6 $ 594.6 $ — $ — Auction rate security 2.3 — — 2.3 Foreign currency derivative asset 3.6 — — 3.6 Total $ 600.5 $ 594.6 $ — $ 5.9 Liabilities Purchase obligation recorded for business combinations $ 75.0 $ — $ — $ 75.0 Foreign currency derivative liability 3.3 — — 3.3 Contingent consideration liability recorded for business combinations 0.5 — — 0.5 Total $ 78.8 $ — $ — $ 78.8 The following table summarizes changes to the fair value of the Level 3 assets (in millions): Auction rate security Foreign currency derivative Balance as of October 3, 2014 $ 2.3 $ 0.7 Changes in fair value included in earnings — 2.9 Balance as of July 3, 2015 $ 2.3 $ 3.6 The following table summarizes changes to the fair value of the Level 3 liabilities (in millions): Purchase obligation Foreign currency derivative Contingent consideration Balance as of October 3, 2014 $ 74.0 $ 0.7 $ — Changes in fair value included in earnings 1.0 2.6 — Purchases and additions — — 0.5 Balance as of July 3, 2015 $ 75.0 $ 3.3 $ 0.5 Assets Measured and Recorded at Fair Value on a Nonrecurring Basis The Company’s non-financial assets and liabilities, such as goodwill, intangible assets, and other long-lived assets resulting from business combinations are measured at fair value using income approach valuation methodologies at the date of acquisition and subsequently re-measured if there are indicators of impairment. There were no indicators of impairment identified during the three and nine months ended July 3, 2015 .

Inventory

Inventory	9 Months Ended
	Jul. 03, 2015
Inventory, Net [Abstract]
INVENTORY	INVENTORY Inventory consists of the following (in millions): As of July 3, October 3, Raw materials $ 22.6 $ 45.4 Work-in-process 190.4 145.9 Finished goods 50.4 71.3 Finished goods held on consignment by customers 9.3 8.2 Total inventory $ 272.7 $ 270.8

Property, Plant And Equipment

Property, Plant And Equipment	9 Months Ended
	Jul. 03, 2015
Property, Plant and Equipment [Abstract]
PROPERTY, PLANT AND EQUIPMENT	PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment, net consists of the following (in millions): As of July 3, October 3, Land and improvements $ 11.6 $ 11.6 Buildings and improvements 85.5 90.7 Furniture and fixtures 25.6 26.9 Machinery and equipment 1,167.5 952.9 Construction in progress 156.0 95.0 Total property, plant and equipment, gross 1,446.2 1,177.1 Accumulated depreciation (724.6 ) (621.2 ) Total property, plant and equipment, net $ 721.6 $ 555.9

Goodwill And Intangible Assets

Goodwill And Intangible Assets	9 Months Ended
	Jul. 03, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND INTANGIBLE ASSETS	GOODWILL AND INTANGIBLE ASSETS The changes to the carrying amount of goodwill during the three and nine months ended July 3, 2015 , are related to the business combination which closed during the period. For further information regarding business combinations see Note 2 to Item 1 of this quarterly report on Form 10-Q. The Company tests its goodwill and non-amortizing trademarks for impairment annually as of the first day of its fourth fiscal quarter and in interim periods if certain events occur indicating the carrying value of goodwill or non-amortizing trademarks may be impaired. There were no indicators of impairment noted during the three and nine months ended July 3, 2015 . Intangible assets consist of the following (in millions): As of As of Weighted Average Amortization Period Remaining (Years) July 3, 2015 October 3, 2014 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Customer relationships 1.3 $ 57.2 $ (46.4 ) $ 10.8 $ 57.2 $ (39.4 ) $ 17.8 Developed technology and other 2.0 99.7 (58.8 ) 40.9 96.2 (40.6 ) 55.6 Trademarks Indefinite 1.6 — 1.6 1.6 — 1.6 Total intangible assets $ 158.5 $ (105.2 ) $ 53.3 $ 155.0 $ (80.0 ) $ 75.0 The gross carrying value and associated accumulated amortization for the intangible assets were reduced for the write-down of fully amortized in-process research and development assets that were acquired in prior years. This write-down of gross intangible assets did not impact the net carrying value of intangibles as of July 3, 2015. This decrease was partially offset by the increase to developed technology associated with the identifiable intangible assets acquired in the business combination which closed during the period. For further information regarding business combinations see Note 2 to Item 1 of this quarterly report on Form 10-Q. Annual amortization expense for the next five years related to intangible assets is expected to be as follows (in millions): Remaining 2015 2016 2017 2018 2019 Thereafter Amortization expense $ 8.4 $ 29.4 $ 13.2 $ 0.7 $ — $ —

Income Taxes

Income Taxes	9 Months Ended
	Jul. 03, 2015
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES Income tax provision consists of the following components (in millions): Three Months Ended Nine Months Ended July 3, June 27, July 3, June 27, United States income taxes $ 44.1 $ 34.6 $ 142.2 $ 82.4 Foreign income taxes 7.9 2.5 16.1 1.8 Provision for income taxes $ 52.0 $ 37.1 $ 158.3 $ 84.2 Effective tax rate 20.1 % 25.0 % 21.8 % 22.9 % The difference between the Company’s effective tax rate and the 35% United States federal statutory rate for the three and nine months ended July 3, 2015 , resulted primarily from foreign earnings taxed at rates lower than the federal statutory rate, the domestic production activities deduction, and research and experimentation tax credits earned, partially offset by an increase in the Company’s tax expense related to a change in the Company’s reserve for uncertain tax positions. In December 2014, the United States Congress enacted the Tax Increase Prevention Act of 2014, extending numerous tax provisions which had expired through the end of calendar year 2014. As a result of the enactment of this legislation, $11.0 million of federal research and experimentation tax credits which were earned in fiscal year 2014 reduced the Company’s tax expense and tax rate during the nine months ended July 3, 2015. The federal tax credit available under the Internal Revenue Code for research and development expenses expired on December 31, 2014. As of July 3, 2015, the United States Congress had not taken action to extend the research and experimentation tax credit. Accordingly, the income tax provision for the three and nine months ended July 3, 2015 reflects the impact of research and experimentation tax credits earned through December 31, 2014. The Company’s federal income tax returns for fiscal years 2012 and 2013 are currently under examination by the Internal Revenue Service, and various state and international returns are under examination by their respective taxing authorities. The Company does not expect the results of these audits to have a material impact on its financial position, results of operations, or cash flows. The difference between the Company’s effective tax rate and the 35% United States federal statutory rate for the three and nine months ended June 27, 2014 , resulted primarily from foreign earnings taxed at rates lower than the federal statutory rate, the domestic production activities deduction, and a tax benefit related to an adjustment to the Company’s deferred taxes in Mexico as a result of a change in Mexican tax law, partially offset by an increase in the Company’s tax expense related to a change in the Company’s reserve for uncertain tax positions. In December 2013, Mexico enacted a comprehensive tax reform package, which became effective on January 1, 2014. As a result of this change, the Company adjusted its deferred taxes in that jurisdiction, resulting in the recognition of a tax benefit that reduced the Company’s foreign income tax expense by $4.5 million for the nine months ended June 27, 2014.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Jul. 03, 2015
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Legal Matters From time to time, various lawsuits, claims and proceedings have been, and may in the future be, instituted or asserted against the Company, including those pertaining to patent infringement, intellectual property, environmental hazards, product liability and warranty, safety and health, employment and contractual matters. The semiconductor industry is characterized by vigorous protection and pursuit of intellectual property rights. From time to time, third parties have asserted and may in the future assert patent, copyright, trademark and other intellectual property rights to technologies that are important to the Company’s business and have demanded and may in the future demand that the Company license their technology. The outcome of any such litigation cannot be predicted with certainty and some such lawsuits, claims or proceedings may be disposed of unfavorably to the Company. Generally speaking, intellectual property disputes often have a risk of injunctive relief, which, if imposed against the Company, could materially and adversely affect the Company’s financial condition, or results of operations. From time to time the Company may also be involved in legal proceedings in the ordinary course of business. Legal costs are expensed as incurred. The Company monitors the status of legal proceedings and other contingencies on an ongoing basis to ensure amounts are recognized and/or disclosed in our financial statements and footnotes as required by Accounting Standards Codification 450, Loss Contingencies . At the time of this filing, the Company had not recorded any accrual for loss contingencies associated with its legal proceedings as losses resulting from such matters were determined not to be probable. The Company does not believe there are any pending legal proceedings that are reasonably possible to result in a material loss. We are engaged in various legal actions in the normal course of business and, while there can be no assurances, the Company believes the outcome of all pending litigation involving the Company will not have, individually or in the aggregate, a material adverse effect on its business. Guarantees and Indemnifications The Company has made no contractual guarantees for the benefit of third parties. However, the Company generally indemnifies its customers from third-party intellectual property infringement litigation claims related to its products, and, on occasion, also provides other indemnities related to product sales. In connection with certain facility leases, the Company has indemnified its lessors for certain claims arising from the facility or the lease. The Company indemnifies its directors and officers to the maximum extent permitted under the laws of the state of Delaware. The duration of the indemnities varies and in many cases is indefinite. The indemnities to customers in connection with product sales generally are subject to limits based upon the amount of the related product sales and in many cases are subject to geographic and other restrictions. In certain instances, the Company’s indemnities do not provide for any limitation of the maximum potential future payments the Company could be obligated to make. As of July 3, 2015 , the Company had not recorded any liability for these indemnities in the accompanying consolidated balance sheets. The Company continues to monitor and reassess indemnities each reporting period.

Stockholder's Equity

Stockholder's Equity	9 Months Ended
	Jul. 03, 2015
Stockholders' Equity Note [Abstract]
STOCKHOLDERS' EQUITY	STOCKHOLDERS’ EQUITY Stock Repurchase Program On November 11, 2014, the Board of Directors approved a stock repurchase program, pursuant to which the Company is authorized to repurchase up to $300.0 million of the Company’s common stock from time to time on the open market or in privately negotiated transactions, as permitted by securities laws and other legal requirements. During the three months ended July 3, 2015 , the Company paid $47.2 million (including commissions) in connection with the repurchase of 0.5 million shares of its common stock (paying an average price of $94.34 per share). During the nine months ended July 3, 2015 , the Company paid $126.3 million (including commissions) in connection with the repurchase of 1.6 million shares of its common stock (paying an average price of $78.91 per share). As of July 3, 2015, $173.7 million remained available under the existing stock repurchase authorization. Dividends On June 18, 2015 , the Company announced that the Board of Directors had declared a cash dividend on its common stock of $0.26 per share, payable on August 27, 2015 , to the Company’s stockholders of record as of the close of business on August 6, 2015 . During the three and nine months ended July 3, 2015 , dividends charged to retained earnings were as follows (in millions, except per share data): Per share Total First quarter $ 0.13 $ 24.7 Second quarter 0.13 24.9 Third quarter 0.13 24.8 Total $ 0.39 $ 74.4

Earnings Per Share

Earnings Per Share	9 Months Ended
	Jul. 03, 2015
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE (In millions, except per share amounts) Three Months Ended Nine Months Ended July 3, June 27, July 3, June 27, Net income $ 207.4 $ 111.4 $ 569.1 $ 282.8 Weighted average shares outstanding – basic 190.0 187.5 189.5 187.0 Dilutive effect of equity based awards 5.4 5.7 5.4 5.2 Weighted average shares outstanding – diluted 195.4 193.2 194.9 192.2 Net income per share – basic $ 1.09 $ 0.59 $ 3.00 $ 1.51 Net income per share – diluted $ 1.06 $ 0.58 $ 2.92 $ 1.47 Anti-dilutive common stock equivalents 0.1 0.1 0.4 1.2 Basic earnings per share are calculated by dividing net income by the weighted average number of shares of the Company’s common stock outstanding. The calculation of diluted earnings per share includes the dilutive effect of equity based awards that were outstanding during the three and nine months ended July 3, 2015, and June 27, 2014, using the treasury stock method. Certain of the Company’s outstanding share-based awards, noted in the table above, were excluded because they were anti-dilutive, but they could become dilutive in the future.

Restructuring and Other Charges

Restructuring and Other Charges	9 Months Ended
	Jul. 03, 2015
Restructuring and Related Activities [Abstract]
RESTRUCTURING AND OTHER CHARGES	RESTRUCTURING AND OTHER CHARGES The Company incurred severance-related charges associated with a restructuring program initiated during the three and nine months ended July 3, 2015. This restructuring plan is anticipated to be completed within a year of the start of the program and the Company does not anticipate any future material charges under this plan. The severance charges have been included under the “Other restructuring” line item in the summary table below. The following tables present a summary of the Company’s restructuring activity (in millions): Three months ended July 3, 2015 Balance at April 3, 2015 Current Charges Cash Payments Other Balance at July 3, 2015 FY13 restructuring programs Employee severance costs $ 0.2 $ — $ — $ — 0.2 Other restructuring Employee severance costs 1.1 0.5 (1.0 ) — 0.6 Lease and other contractual obligations 0.1 — — — 0.1 Total $ 1.4 $ 0.5 $ (1.0 ) $ — $ 0.9 Nine months ended July 3, 2015 Balance at October 3, 2014 Current Charges Cash Payments Other Balance at July 3, 2015 FY13 restructuring programs Employee severance costs $ 0.3 $ — $ (0.1 ) $ — 0.2 Other restructuring Employee severance costs — 2.9 (2.3 ) — 0.6 Lease and other contractual obligations 0.2 — (0.1 ) — 0.1 Total $ 0.5 $ 2.9 $ (2.5 ) $ — $ 0.9

Fair Value (Tables)

Fair Value (Tables)	9 Months Ended
	Jul. 03, 2015
Fair Value Disclosures [Abstract]
Schedule of Fair Value Assets and Liabilities Measured on Recurring Basis	As of July 3, 2015 , assets and liabilities recorded at fair value on a recurring basis consisted of the following (in millions): Fair Value Measurements Total Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets Money market funds $ 594.6 $ 594.6 $ — $ — Auction rate security 2.3 — — 2.3 Foreign currency derivative asset 3.6 — — 3.6 Total $ 600.5 $ 594.6 $ — $ 5.9 Liabilities Purchase obligation recorded for business combinations $ 75.0 $ — $ — $ 75.0 Foreign currency derivative liability 3.3 — — 3.3 Contingent consideration liability recorded for business combinations 0.5 — — 0.5 Total $ 78.8 $ — $ — $ 78.8
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation	The following table summarizes changes to the fair value of the Level 3 assets (in millions): Auction rate security Foreign currency derivative Balance as of October 3, 2014 $ 2.3 $ 0.7 Changes in fair value included in earnings — 2.9 Balance as of July 3, 2015 $ 2.3 $ 3.6
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation	The following table summarizes changes to the fair value of the Level 3 liabilities (in millions): Purchase obligation Foreign currency derivative Contingent consideration Balance as of October 3, 2014 $ 74.0 $ 0.7 $ — Changes in fair value included in earnings 1.0 2.6 — Purchases and additions — — 0.5 Balance as of July 3, 2015 $ 75.0 $ 3.3 $ 0.5

Inventory (Tables)

Inventory (Tables)	9 Months Ended
	Jul. 03, 2015
Inventory, Net [Abstract]
Schedule Of Inventories	Inventory consists of the following (in millions): As of July 3, October 3, Raw materials $ 22.6 $ 45.4 Work-in-process 190.4 145.9 Finished goods 50.4 71.3 Finished goods held on consignment by customers 9.3 8.2 Total inventory $ 272.7 $ 270.8

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	9 Months Ended
	Jul. 03, 2015
Property, Plant and Equipment [Abstract]
Schedule Of Property, Plant And Equipment	Property, plant and equipment, net consists of the following (in millions): As of July 3, October 3, Land and improvements $ 11.6 $ 11.6 Buildings and improvements 85.5 90.7 Furniture and fixtures 25.6 26.9 Machinery and equipment 1,167.5 952.9 Construction in progress 156.0 95.0 Total property, plant and equipment, gross 1,446.2 1,177.1 Accumulated depreciation (724.6 ) (621.2 ) Total property, plant and equipment, net $ 721.6 $ 555.9

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	9 Months Ended
	Jul. 03, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets Excluding Goodwill	Intangible assets consist of the following (in millions): As of As of Weighted Average Amortization Period Remaining (Years) July 3, 2015 October 3, 2014 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Customer relationships 1.3 $ 57.2 $ (46.4 ) $ 10.8 $ 57.2 $ (39.4 ) $ 17.8 Developed technology and other 2.0 99.7 (58.8 ) 40.9 96.2 (40.6 ) 55.6 Trademarks Indefinite 1.6 — 1.6 1.6 — 1.6 Total intangible assets $ 158.5 $ (105.2 ) $ 53.3 $ 155.0 $ (80.0 ) $ 75.0
Schedule Of Expected Annual Amortization Expense Related To Intangible Assets For The Next Five Years	Annual amortization expense for the next five years related to intangible assets is expected to be as follows (in millions): Remaining 2015 2016 2017 2018 2019 Thereafter Amortization expense $ 8.4 $ 29.4 $ 13.2 $ 0.7 $ — $ —

Income Taxes (Tables)

Income Taxes (Tables)	9 Months Ended
	Jul. 03, 2015
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense (Benefit)	Income tax provision consists of the following components (in millions): Three Months Ended Nine Months Ended July 3, June 27, July 3, June 27, United States income taxes $ 44.1 $ 34.6 $ 142.2 $ 82.4 Foreign income taxes 7.9 2.5 16.1 1.8 Provision for income taxes $ 52.0 $ 37.1 $ 158.3 $ 84.2 Effective tax rate 20.1 % 25.0 % 21.8 % 22.9 %

Stockholder's Equity Dividends

Stockholder's Equity Dividends (Tables)	9 Months Ended
	Jul. 03, 2015
Stockholders' Equity Note [Abstract]
Dividends Declared	During the three and nine months ended July 3, 2015 , dividends charged to retained earnings were as follows (in millions, except per share data): Per share Total First quarter $ 0.13 $ 24.7 Second quarter 0.13 24.9 Third quarter 0.13 24.8 Total $ 0.39 $ 74.4

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Jul. 03, 2015
Earnings Per Share [Abstract]
Schedule Of Earnings Per Share	(In millions, except per share amounts) Three Months Ended Nine Months Ended July 3, June 27, July 3, June 27, Net income $ 207.4 $ 111.4 $ 569.1 $ 282.8 Weighted average shares outstanding – basic 190.0 187.5 189.5 187.0 Dilutive effect of equity based awards 5.4 5.7 5.4 5.2 Weighted average shares outstanding – diluted 195.4 193.2 194.9 192.2 Net income per share – basic $ 1.09 $ 0.59 $ 3.00 $ 1.51 Net income per share – diluted $ 1.06 $ 0.58 $ 2.92 $ 1.47 Anti-dilutive common stock equivalents 0.1 0.1 0.4 1.2

Restructuring and Other Charg25

Restructuring and Other Charges (Tables)	9 Months Ended
	Jul. 03, 2015
Restructuring and Related Activities [Abstract]
Schedule of Restructuring and Related Costs	The following tables present a summary of the Company’s restructuring activity (in millions): Three months ended July 3, 2015 Balance at April 3, 2015 Current Charges Cash Payments Other Balance at July 3, 2015 FY13 restructuring programs Employee severance costs $ 0.2 $ — $ — $ — 0.2 Other restructuring Employee severance costs 1.1 0.5 (1.0 ) — 0.6 Lease and other contractual obligations 0.1 — — — 0.1 Total $ 1.4 $ 0.5 $ (1.0 ) $ — $ 0.9 Nine months ended July 3, 2015 Balance at October 3, 2014 Current Charges Cash Payments Other Balance at July 3, 2015 FY13 restructuring programs Employee severance costs $ 0.3 $ — $ (0.1 ) $ — 0.2 Other restructuring Employee severance costs — 2.9 (2.3 ) — 0.6 Lease and other contractual obligations 0.2 — (0.1 ) — 0.1 Total $ 0.5 $ 2.9 $ (2.5 ) $ — $ 0.9

Description Of Business and B26

Description Of Business and Basis Of Presentation (Details)	9 Months Ended
	Jul. 03, 2015	Jun. 27, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Fiscal Period Number of Weeks In Fiscal Year	1 year	1 year 7 days
Fiscal Period Number of Weeks in Fiscal Quarter	3 months	3 months

Business Combinations Details (

Business Combinations Details (Details) - USD ($) $ in Millions	May. 22, 2015	Aug. 01, 2014	Jul. 03, 2015	Jul. 03, 2015
Business Acquisition [Line Items]
Date of acquisition agreement	May 22, 2015
Percent of voting rights to be acquired	100.00%
Business combination accrued working capital adjustment			$ 6.6
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, Low			0	$ 0
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, High			30	$ 30
FilterCo [Member] [Member]
Business Acquisition [Line Items]
Date of acquisition agreement		Aug. 1, 2014
Percent of voting rights to be acquired		66.00%
Noncontrolling interest in joint ventures		34.00%
Percent to be consolidated				100.00%
Property, plant and equipment acquired			7.5	$ 7.5
Working capital increase				7.2
Cash paid for acquisition			$ 240.4	240.4
Business combination accrued working capital adjustment				$ 18.1

Fair Value (Schedule Of Financi

Fair Value (Schedule Of Financial Instruments Measured At Fair Value On Recurring Basis) (Details) - Fair Value, Measurements, Recurring [Member] $ in Millions	Jul. 03, 2015USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds	$ 594.6
Auction rate security	2.3
Foreign currency derivative asset	3.6
Total	600.5
Purchase obligation recorded for business combinations	75
Foreign currency derivative liability	3.3
Business Combination, Contingent Consideration, Liability	0.5
Total	78.8
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds	594.6
Auction rate security	0
Foreign currency derivative asset	0
Total	594.6
Purchase obligation recorded for business combinations	0
Foreign currency derivative liability	0
Business Combination, Contingent Consideration, Liability	0
Total	0
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds	0
Auction rate security	0
Foreign currency derivative asset	0
Total	0
Purchase obligation recorded for business combinations	0
Foreign currency derivative liability	0
Business Combination, Contingent Consideration, Liability	0
Total	0
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds	0
Auction rate security	2.3
Foreign currency derivative asset	3.6
Total	5.9
Purchase obligation recorded for business combinations	75
Foreign currency derivative liability	3.3
Business Combination, Contingent Consideration, Liability	0.5
Total	$ 78.8

Fair Value Fair Value, Assets M

Fair Value Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation (Details) - Fair Value, Measurements, Recurring [Member] $ in Millions	9 Months Ended
	Jul. 03, 2015USD ($)
Fair Value, Assets [Roll Forward]
Auction rate securities Ending Balance	$ 2.3
Foreign currency derivative, Ending Balance	3.6
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets [Roll Forward]
Auction rate securities Ending Balance	2.3
Foreign currency derivative, Ending Balance	3.6
Fair Value, Inputs, Level 3 [Member] | Auction Rate Securities [Member]
Fair Value, Assets [Roll Forward]
Auction rate securities Beginning Balance	2.3
Changes in fair value included in earnings	0
Auction rate securities Ending Balance	2.3
Fair Value, Inputs, Level 3 [Member] | Derivative [Member]
Fair Value, Assets [Roll Forward]
Foreign currency derivative, Beginning Balance	0.7
Changes in fair value included in earnings	2.9
Foreign currency derivative, Ending Balance	$ 3.6

Fair Value Fair Value Liabiliti

Fair Value Fair Value Liabilities Measured on Recurring Basis Unobservable Input Reconciliation (Details) - Fair Value, Measurements, Recurring [Member] $ in Millions	9 Months Ended
	Jul. 03, 2015USD ($)
Fair Value, Liabilities [Roll Forward]
Purchase Obligation Recorded for Business Combinations, Ending Balance	$ 75
Foreign Currency Derivative Liability, Ending Balance	3.3
Business Combination, Contingent Consideration, Liability, Ending Balance	0.5
Fair Value, Inputs, Level 3 [Member]
Fair Value, Liabilities [Roll Forward]
Purchase Obligation Recorded for Business Combinations, Ending Balance	75
Foreign Currency Derivative Liability, Ending Balance	3.3
Business Combination, Contingent Consideration, Liability, Ending Balance	0.5
Fair Value, Inputs, Level 3 [Member] | Obligations [Member]
Fair Value, Liabilities [Roll Forward]
Purchase Obligation Recorded for Business Combinations, Beginning Balance	74
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Gain (Loss) Included in Earnings, Description	1
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Transfers Into Level 3	0
Purchase Obligation Recorded for Business Combinations, Ending Balance	75
Fair Value, Inputs, Level 3 [Member] | Derivative [Member]
Fair Value, Liabilities [Roll Forward]
Foreign Currency Derivative Liability, Beginning Balance	0.7
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Gain (Loss) Included in Earnings, Description	2.6
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Transfers Into Level 3	0
Foreign Currency Derivative Liability, Ending Balance	3.3
Fair Value, Inputs, Level 3 [Member] | contingent consideration classified as liability [Member]
Fair Value, Liabilities [Roll Forward]
Business Combination, Contingent Consideration, Liability, Beginning Balance	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Gain (Loss) Included in Earnings, Description	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Transfers Into Level 3	0.5
Business Combination, Contingent Consideration, Liability, Ending Balance	$ 0.5

Fair Value Fair value transfers

Fair Value Fair value transfers (Details) - Jul. 03, 2015 - USD ($)	Total
Fair Value Disclosures [Abstract]
Fair Value, Assets, Level 1 to Level 2 Transfers, Amount	$ 0
Fair Value, Assets, Level 2 to Level 1 Transfers, Amount	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3	0
Fair Value, Liabilities, Level 1 to Level 2 Transfers, Amount	0
Fair Value, Liabilities, Level 2 to Level 1 Transfers, Amount	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Liability, Transfers out of Level 3	$ 0

Inventory (Schedule Of Inventor

Inventory (Schedule Of Inventories) (Details) - USD ($) $ in Millions	Jul. 03, 2015	Oct. 03, 2014
Inventory, Net [Abstract]
Raw materials	$ 22.6	$ 45.4
Work-in-process	190.4	145.9
Finished goods	50.4	71.3
Finished goods held on consignment by customers	9.3	8.2
Total inventory	$ 272.7	$ 270.8

Property, Plant and Equipment33

Property, Plant and Equipment (Schedule Of Property, Plant And Equipment) (Details) - USD ($) $ in Millions	Jul. 03, 2015	Oct. 03, 2014
Property, Plant and Equipment
Total property, plant and equipment, gross	$ 1,446.2	$ 1,177.1
Accumulated depreciation	(724.6)	(621.2)
Total property, plant and equipment, net	721.6	555.9
Land and improvements [Member]
Property, Plant and Equipment
Total property, plant and equipment, gross	11.6	11.6
Building and improvements [Member]
Property, Plant and Equipment
Total property, plant and equipment, gross	85.5	90.7
Furniture and fixtures [Member]
Property, Plant and Equipment
Total property, plant and equipment, gross	25.6	26.9
Machinery and equipment [Member]
Property, Plant and Equipment
Total property, plant and equipment, gross	1,167.5	952.9
Construction in progress [Member]
Property, Plant and Equipment
Total property, plant and equipment, gross	$ 156	$ 95

Goodwill and Intangible Asset34

Goodwill and Intangible Assets (Schedule Of Intangible Assets Subject To Amortization) (Details) - USD ($) $ in Millions	9 Months Ended
	Jul. 03, 2015	Oct. 03, 2014
Finite-Lived Intangible Assets [Line Items]
Total intangible assets, Gross Carrying Amount	$ 158.5	$ 155
Total intangible assets, Accumulated Amortization	(105.2)	(80)
Total intangible assets, Net Carrying Amount	$ 53.3	75
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted Average Amortization Period Remaining (Years)	15 months
Gross Carrying Amount	$ 57.2	57.2
Accumulated Amortization	(46.4)	(39.4)
Net Carrying Amount	$ 10.8	17.8
Developed Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted Average Amortization Period Remaining (Years)	24 months
Gross Carrying Amount	$ 99.7	96.2
Accumulated Amortization	(58.8)	(40.6)
Net Carrying Amount	40.9	55.6
Trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
Indefinite-Lived Trademarks	1.6	1.6
Nonamortizing intangible assets, Gross Carrying Amount	$ 1.6	$ 1.6

Goodwill and Intangible Asset35

Goodwill and Intangible Assets (Schedule Of Expected Annual Amortization Expense Related To Intangible Assets For The Next Five Years) (Details) $ in Millions	Jul. 03, 2015USD ($)
Finite-Lived Intangible Assets, Future Amortization Expense [Abstract]
Remaining 2,015	$ 8.4
2,016	29.4
2,017	13.2
2,018	0.7
2,019	0
Thereafter	$ 0

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 03, 2015	Jun. 27, 2014	Jul. 03, 2015	Jun. 27, 2014
Income Tax Disclosure [Abstract]
United States income taxes	$ 44.1	$ 34.6	$ 142.2	$ 82.4
Foreign income taxes	7.9	2.5	16.1	1.8
Provision for income taxes	$ 52	$ 37.1	$ 158.3	$ 84.2

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 03, 2015	Jun. 27, 2014	Jul. 03, 2015	Jun. 27, 2014
Income Tax Disclosure [Abstract]
Effective tax rate	20.10%	25.00%	21.80%	22.90%
Federal statutory income tax rate	35.00%	35.00%	35.00%	35.00%
Research and development tax credit	$ 11		$ 11
Deferred foreign income tax expense (benefit)				$ (4.5)

Stockholder's Equity (Details)

Stockholder's Equity (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended	9 Months Ended
	Jul. 03, 2015	Jul. 03, 2015	Nov. 11, 2014
Stockholders' Equity Note [Abstract]
Stock repurchase authorized			$ 300
Payments for repurchase of common stock	$ 47.2	$ 126.3
Treasury stock acquired (shares)	0.5	1.6
Average cost per share (usd per share)	$ 94.34	$ 78.91
Remaining authorized repurchase amount	$ 173.7	$ 173.7

Stockholder's Equity Dividend (

Stockholder's Equity Dividend (Details) - USD ($) $ / shares in Units, $ in Millions	Jun. 18, 2015	Jul. 03, 2015	Apr. 03, 2015	Jan. 02, 2015	Jun. 27, 2014	Jul. 03, 2015	Jun. 27, 2014
Cash dividends declared and paid per share (usd per share)		$ 0.13	$ 0.13	$ 0.13	$ 0.11	$ 0.39	$ 0.11
Payments of ordinary dividends		$ 24.8	$ 24.9	$ 24.7		$ 74.4
Dividend Declared [Member]
Dividends Payable, Date Declared	Jun. 18, 2015
Dividends declared (usd per share)	$ 0.26
Dividends Payable, Date to be Paid	Aug. 27, 2015
Dividends Payable, Date of Record	Aug. 6, 2015

(Schedule Of Earnings Per Share

(Schedule Of Earnings Per Share) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Jul. 03, 2015	Jun. 27, 2014	Jul. 03, 2015	Jun. 27, 2014
Earnings Per Share [Abstract]
Net income	$ 207.4	$ 111.4	$ 569.1	$ 282.8
Weighted average shares outstanding - basic (shares)	190	187.5	189.5	187
Dilutive effect of equity based awards (shares)	5.4	5.7	5.4	5.2
Weighted average shares outstanding - diluted (shares)	195.4	193.2	194.9	192.2
Net income per share - basic (usd per share)	$ 1.09	$ 0.59	$ 3	$ 1.51
Net income per share - diluted (usd per share)	$ 1.06	$ 0.58	$ 2.92	$ 1.47
Anti-dilutive common stock equivalents (shares)	0.1	0.1	0.4	1.2

Restructuring and Other Charg41

Restructuring and Other Charges Schedule of Restructuring Activity (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 03, 2015	Jun. 27, 2014	Jul. 03, 2015	Jun. 27, 2014
Restructuring Reserve [Roll Forward]
Beginning balance	$ 1.4		$ 0.5
Current Charges	0.5	$ 0	2.9	$ 0
Cash Payments	(1)		(2.5)
Other	0		0
Ending balance	0.9		0.9
Employee Severance [Member] | FY13 Restructuring Programs [Member]
Restructuring Reserve [Roll Forward]
Beginning balance	0.2		0.3
Current Charges	0		0
Cash Payments	0		(0.1)
Other	0		0
Ending balance	0.2		0.2
Employee Severance [Member] | Other Restructuring Programs [Member]
Restructuring Reserve [Roll Forward]
Beginning balance	1.1		0
Current Charges	0.5		2.9
Cash Payments	(1)		(2.3)
Other	0		0
Ending balance	0.6		0.6
Facility Closing [Member] | Other Restructuring Programs [Member]
Restructuring Reserve [Roll Forward]
Beginning balance	0.1		0.2
Current Charges	0		0
Cash Payments	0		(0.1)
Other	0		0
Ending balance	$ 0.1		$ 0.1