Skyworks Solutions (SWKS) 10-Q 4 May 16 2016 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Apr. 01, 2016	Apr. 29, 2016
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	Apr. 1, 2016
Amendment Flag	false
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Current Fiscal Year End Date	--09-30
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		190,238,136

Consolidated Statements Of Oper

Consolidated Statements Of Operations - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Apr. 01, 2016	Apr. 03, 2015	Apr. 01, 2016	Apr. 03, 2015
Income Statement [Abstract]
Net revenue	$ 775.1	$ 762.1	$ 1,701.9	$ 1,567.6
Cost of goods sold	384.7	409.9	839.4	842.4
Gross profit	390.4	352.2	862.5	725.2
Operating expenses:
Research and development	79.8	75.5	161.3	144
Selling, general and administrative	44	47.4	95.7	95.3
Amortization of intangibles	8.6	8.3	17	16.8
Restructuring and other charges	0.3	1.1	0.3	2.4
Total operating expenses	132.7	132.3	274.3	258.5
Operating income	257.7	219.9	588.2	466.7
Other (expense) income, net	(2.6)	0.6	(3.4)	1.3
Merger termination fee	0	0	88.5	0
Income before income taxes	255.1	220.5	673.3	468
Provision for income taxes	47	54	109.9	106.3
Net income	$ 208.1	$ 166.5	$ 563.4	$ 361.7
Earnings per share:
Basic (in dollars per share)	$ 1.09	$ 0.88	$ 2.96	$ 1.91
Diluted (in dollars per share)	$ 1.08	$ 0.85	$ 2.90	$ 1.86
Weighted average shares:
Basic (in shares)	190.2	189.9	190.3	189.3
Diluted (in shares)	193.3	195.2	194	194.7
Cash dividends declared and paid per share (usd per share)	$ 0.26	$ 0.13	$ 0.52	$ 0.26

Consolidated Statement of Compr

Consolidated Statement of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 01, 2016	Apr. 03, 2015	Apr. 01, 2016	Apr. 03, 2015
Statement of Comprehensive Income [Abstract]
Net income	$ 208.1	$ 166.5	$ 563.4	$ 361.7
Other comprehensive income, net of tax
Foreign currency translation adjustment	(0.3)	0.8	(0.3)	(3)
Comprehensive income	$ 207.8	$ 167.3	$ 563.1	$ 358.7

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Apr. 01, 2016	Oct. 02, 2015
Current assets:
Cash and cash equivalents	$ 1,177.5	$ 1,043.6
Receivables, net of allowance for doubtful accounts of $0.5 and $0.4, respectively	538.5	538
Inventory	333.7	267.9
Other current assets	77.3	65.2
Total current assets	2,127	1,914.7
Property, plant and equipment, net	837.7	826.4
Goodwill	856.7	856.7
Intangible assets, net	37	45
Deferred tax assets, net	56.6	56.3
Other assets	43.2	20.3
Total assets	3,958.2	3,719.4
Current liabilities:
Accounts payable	180.7	291.1
Accrued compensation and benefits	54.6	81.5
Other current liabilities	89.4	91.3
Total current liabilities	324.7	463.9
Long-term tax liabilities	59.8	71
Other long-term liabilities	30.4	25.3
Total liabilities	$ 414.9	$ 560.2
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; 221.7 shares issued and 190.2 shares outstanding as of April 1, 2016, and 219.0 shares issued and 190.3 shares outstanding as of October 2, 2015	47.5	47.6
Additional paid-in capital	2,622.9	2,495.2
Treasury stock, at cost	(1,052.1)	(844.6)
Retained earnings	1,933.5	1,469.2
Accumulated other comprehensive loss	(8.5)	(8.2)
Total stockholders’ equity	3,543.3	3,159.2
Total liabilities and stockholders’ equity	$ 3,958.2	$ 3,719.4

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Apr. 01, 2016	Oct. 02, 2015
Current assets:
Allowance for Doubtful Accounts Receivable, Current	$ 0.5	$ 0.4
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	221,700,000	219,000,000
Common Stock, Shares, Outstanding	190,200,000	190,300,000

Consolidated Statements Of Cash

Consolidated Statements Of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Apr. 01, 2016	Apr. 03, 2015
Cash flows from operating activities:
Net income	$ 563.4	$ 361.7
Adjustments to reconcile net income to net cash provided by operating activities:
Share-based compensation	40.4	48.4
Depreciation	105	74.5
Amortization of intangible assets	17	16.8
Contribution of common shares to savings and retirement plans	11.3	11.2
Deferred income taxes	(0.2)	(3.7)
Excess tax benefit from share-based compensation	(41.6)	(40.7)
Other	0.2	0.7
Changes in assets and liabilities net of acquired balances:
Receivables, net	(0.5)	40.5
Inventory	(66.4)	(4.9)
Other current and long-term assets	(4.3)	(23.6)
Accounts payable	(110.5)	30.4
Other current and long-term liabilities	(14)	26.9
Net cash provided by operating activities	499.8	538.2
Cash flows from investing activities:
Capital expenditures	(116.9)	(171.2)
Payments for acquisitions, net of cash acquired	0	(18.1)
Net cash used in investing activities	(116.9)	(189.3)
Cash flows from financing activities:
Excess tax benefit from share-based compensation	41.6	40.7
Repurchase of common stock - payroll tax withholding on equity awards	(72.4)	(50.1)
Repurchase of common stock - stock repurchase program	(135.1)	(79.1)
Dividends paid	(99.4)	(49.3)
Net proceeds from exercise of stock options	16.3	37.3
Net cash used in financing activities	(249)	(100.5)
Net increase in cash and cash equivalents	133.9	248.4
Cash and cash equivalents at beginning of period	1,043.6	805.8
Cash and cash equivalents at end of period	1,177.5	1,054.2
Supplemental cash flow disclosures:
Income taxes paid	$ 107.3	$ 69.2

Description Of Business and Bas

Description Of Business and Basis Of Presentation	6 Months Ended
	Apr. 01, 2016
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. The Company’s highly innovative analog semiconductors are connecting people, places, and things spanning a number of new and previously unimagined applications within the automotive, broadband, cellular infrastructure, 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 2, 2015, filed with the SEC on November 24, 2015, as amended by Amendment No. 1 to such Annual Report on Form 10-K, filed with the SEC on February 1, 2016 (the “2015 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 2016 consists of 52 weeks and ends on September 30, 2016 . Fiscal year 2015 consisted of 52 weeks and ended on October 2, 2015 . The second quarters of fiscal year 2016 and fiscal year 2015 each consisted of 13 weeks and ended on April 1, 2016 , and April 3, 2015 , respectively.

Fair Value

Fair Value	6 Months Ended
	Apr. 01, 2016
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 its financial instruments and derivatives. There have been no transfers between Level 1, 2 or 3 assets or liabilities during the three and six months ended April 1, 2016 . Level 3 assets include an auction rate security that is classified as available for sale and recorded in other current assets. It is 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. On August 1, 2014, the Company entered into a joint venture with Panasonic Corporation (“Panasonic”) with respect to the design, manufacture and sale of Panasonic filter products. The Company has the right to acquire Panasonic’s interest in the joint venture following the two-year anniversary of the acquisition (the “purchase option”). As a result of the purchase option, the Company consolidates the joint venture’s operations in their entirety. The purchase option can be exercised by either the Company or Panasonic on or after August 1, 2016 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 current liabilities on the consolidated balance sheet as of April 1, 2016. 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 current 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 April 1, 2016, 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. As of April 1, 2016 , assets and liabilities recorded at fair value on a recurring basis consisted of the following (in millions): As of April 1, 2016 As of October 2, 2015 Fair Value Measurements Fair Value Measurements Total Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Assets Money market funds $ 498.3 $ 498.3 $ — $ — $ 464.6 $ 464.6 $ — $ — Auction rate security 2.3 — — 2.3 2.3 — — 2.3 Foreign currency derivative assets 1.0 — — 1.0 3.3 — — 3.3 Total $ 501.6 $ 498.3 $ — $ 3.3 $ 470.2 $ 464.6 $ — $ 5.6 Liabilities Purchase obligation recorded for business combinations $ 76.1 $ — $ — $ 76.1 $ 75.4 $ — $ — $ 75.4 Foreign currency derivative liabilities 0.6 — — 0.6 2.8 — — 2.8 Contingent consideration liability recorded for business combinations 0.5 — — 0.5 0.5 — — 0.5 Total $ 77.2 $ — $ — $ 77.2 $ 78.7 $ — $ — $ 78.7 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 2, 2015 $ 2.3 $ 3.3 Changes in fair value included in earnings — (2.3 ) Balance as of April 1, 2016 $ 2.3 $ 1.0 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 2, 2015 $ 75.4 $ 2.8 $ 0.5 Changes in fair value included in earnings 0.7 (2.2 ) — Balance as of April 1, 2016 $ 76.1 $ 0.6 $ 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 six months ended April 1, 2016 .

Inventory

Inventory	6 Months Ended
	Apr. 01, 2016
Inventory, Net [Abstract]
INVENTORY	INVENTORY Inventory consists of the following (in millions): As of April 1, October 2, Raw materials $ 18.1 $ 30.0 Work-in-process 194.7 192.4 Finished goods 112.5 38.0 Finished goods held on consignment by customers 8.4 7.5 Total inventory $ 333.7 $ 267.9

Property, Plant And Equipment

Property, Plant And Equipment	6 Months Ended
	Apr. 01, 2016
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 April 1, October 2, Land and improvements $ 11.6 $ 11.6 Buildings and improvements 116.8 101.7 Furniture and fixtures 28.8 26.9 Machinery and equipment 1,435.8 1,285.4 Construction in progress 102.7 159.8 Total property, plant and equipment, gross 1,695.7 1,585.4 Accumulated depreciation (858.0 ) (759.0 ) Total property, plant and equipment, net $ 837.7 $ 826.4

Goodwill And Intangible Assets

Goodwill And Intangible Assets	6 Months Ended
	Apr. 01, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND INTANGIBLE ASSETS	GOODWILL AND INTANGIBLE ASSETS There were no changes to the carrying amount of goodwill during the three and six months ended April 1, 2016 . 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 six months ended April 1, 2016 . Intangible assets consist of the following (in millions): As of As of Weighted Average Amortization Period Remaining (Years) April 1, 2016 October 2, 2015 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Customer relationships 0.8 $ 57.2 $ (53.2 ) $ 4.0 $ 57.2 $ (48.7 ) $ 8.5 Developed technology and other 13.2 108.7 (77.3 ) 31.4 99.7 (64.8 ) 34.9 Trademarks Indefinite 1.6 — 1.6 1.6 — 1.6 Total intangible assets $ 167.5 $ (130.5 ) $ 37.0 $ 158.5 $ (113.5 ) $ 45.0 Annual amortization expense for the next five years related to intangible assets is expected to be as follows (in millions): Remaining 2016 2017 2018 2019 2020 Thereafter Amortization expense $ 12.9 $ 13.7 $ 1.3 $ 0.5 $ 0.5 $ 6.5

Income Taxes

Income Taxes	6 Months Ended
	Apr. 01, 2016
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The provision for income taxes consists of the following components (in millions): Three Months Ended Six Months Ended April 1, April 3, April 1, April 3, United States income taxes $ 39.8 $ 49.6 $ 93.6 $ 98.1 Foreign income taxes 7.2 4.4 16.3 8.2 Provision for income taxes $ 47.0 $ 54.0 $ 109.9 $ 106.3 Effective tax rate 18.4 % 24.5 % 16.3 % 22.7 % The difference between the Company’s effective tax rate and the 35% United States federal statutory rate for the three and six months ended April 1, 2016 , resulted primarily from foreign earnings taxed at rates lower than the federal statutory rate, the domestic production activities deduction, research and experimentation tax credits earned, and benefits from the settlement of the Internal Revenue Service (“IRS”) audit of the fiscal years 2012 and 2013 income tax returns, partially offset by an increase in the Company’s tax expense related to a change in the Company’s current year reserve for uncertain tax positions. During the six months ended April 1, 2016, the Company concluded an IRS examination of its federal income tax returns for fiscal years 2012 and 2013. The Company agreed to various adjustments to its fiscal year 2012 and 2013 tax returns that resulted in the recognition of current year tax expense of $2.6 million during the six months ended April 1, 2016. With the conclusion of the audit, the Company decreased the reserve for uncertain tax positions which resulted in the recognition of an income tax benefit of $24.0 million in fiscal year 2016. In December 2015, the United States Congress enacted the Protecting Americans from Tax Hikes Act of 2015, extending numerous tax provisions that had expired. This legislation included a permanent extension of the federal research and experimentation tax credit. As a result of the enactment of this legislation, $10.2 million of federal research and experimentation tax credits that were earned in fiscal year 2015 reduced the Company’s tax expense and tax rate during the six months ended April 1, 2016. The difference between the Company’s effective tax rate and the 35% United States federal statutory rate for the three and six months ended April 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 that had expired through the end of 2014. As a result of the enactment of this legislation, $7.0 million of federal research and experimentation tax credits that were earned in fiscal year 2014 reduced the Company’s tax expense and tax rate during the six months ended April 3, 2015.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Apr. 01, 2016
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 its 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. The Company has not recorded any liability for these indemnities in the accompanying consolidated balance sheets and does not expect that such obligations will have a material adverse impact on its financial condition or results of operations.

Stockholder's Equity

Stockholder's Equity	6 Months Ended
	Apr. 01, 2016
Stockholders' Equity Note [Abstract]
STOCKHOLDERS' EQUITY	STOCKHOLDERS’ EQUITY Stock Repurchase Program On November 10, 2015, the Board of Directors approved a stock repurchase program, pursuant to which the Company is authorized to repurchase up to $400.0 million of its 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 and six months ended April 1, 2016 , the Company paid $135.1 million (including commissions) in connection with the repurchase of 2.0 million shares of its common stock (paying an average price of $67.55 per share). As of April 1, 2016 , $264.9 million remained available under the existing stock repurchase authorization. Dividends On April 28, 2016 , the Company announced that the Board of Directors had declared a cash dividend on its common stock of $0.26 per share, payable on June 2, 2016 , to the Company’s stockholders of record as of the close of business on May 12, 2016 . During the three and six months ended April 1, 2016 , dividends charged to retained earnings were as follows (in millions, except per share data): Per share Total First quarter $ 0.26 $ 49.8 Second quarter 0.26 49.3 Total $ 0.52 $ 99.1 Share-based Compensation The following table summarizes the share-based compensation expense by line item in the Statement of Operations (in millions): Three Months Ended Six Months Ended April 1, April 3, April 1, April 3, Cost of sales $ 3.2 $ 3.8 $ 7.2 $ 7.0 Research and development 6.7 12.4 16.2 22.2 Selling, general and administrative 7.2 10.5 17.0 19.2 Total share-based compensation $ 17.1 $ 26.7 $ 40.4 $ 48.4

Earnings Per Share

Earnings Per Share	6 Months Ended
	Apr. 01, 2016
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE The following table sets forth the computation of basic and diluted earnings per share (in millions, except per share amounts): Three Months Ended Six Months Ended April 1, April 3, April 1, April 3, Net income $ 208.1 $ 166.5 $ 563.4 $ 361.7 Weighted average shares outstanding – basic 190.2 189.9 190.3 189.3 Dilutive effect of equity based awards 3.1 5.3 3.7 5.4 Weighted average shares outstanding – diluted 193.3 195.2 194.0 194.7 Net income per share – basic $ 1.09 $ 0.88 $ 2.96 $ 1.91 Net income per share – diluted $ 1.08 $ 0.85 $ 2.90 $ 1.86 Anti-dilutive common stock equivalents 2.1 0.1 1.4 0.6 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 six months ended April 1, 2016 , and April 3, 2015 , 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.

Assets Held For Sale

Assets Held For Sale	6 Months Ended
	Apr. 01, 2016
Assets Held For Sale [Abstract]
ASSETS HELD FOR SALE	ASSETS HELD FOR SALE Shortly following the end of the second quarter of fiscal 2016, management determined not to proceed with the sale of the asset group that had been previously classified as held for sale on the consolidated balance sheet. As a result of the decision to retain the asset group, the Company concluded that it was unlikely that a disposal of the asset group would occur within 12 months following quarter end, and accordingly, the asset group has been reclassified out of the held for sale designation at April 1, 2016. The decision not to proceed with the sale of the asset group had an immaterial impact on the results of operations for the quarter ended April 1, 2016.

Business Combinations

Business Combinations	6 Months Ended
	Apr. 01, 2016
Business Combinations [Abstract]
BUSINESS COMBINATIONS	BUSINESS COMBINATIONS On October 29, 2015, the Company entered into an Amended and Restated Agreement and Plan of Merger (the “Merger Agreement”) with PMC-Sierra Inc. (“PMC”), providing for, subject to the terms and conditions of the Merger Agreement, the cash acquisition of PMC by the Company. On November 23, 2015, PMC notified the Company that it had terminated the Merger Agreement. As a result, on November 24, 2015, PMC paid the Company a termination fee of $88.5 million pursuant to the Merger Agreement.

Restructuring and Other Charges

Restructuring and Other Charges	6 Months Ended
	Apr. 01, 2016
Restructuring and Related Activities [Abstract]
RESTRUCTURING AND OTHER CHARGES	RESTRUCTURING AND OTHER CHARGES The following tables present a summary of the Company’s restructuring activity (in millions): Three months ended April 1, 2016 Balance at January 1, 2016 Current Charges Cash Payments Other Balance at April 1, 2016 FY13 restructuring programs Employee severance costs $ 0.1 $ — $ — $ — $ 0.1 Other restructuring Employee severance costs 0.1 0.3 — — 0.4 Total $ 0.2 $ 0.3 $ — $ — $ 0.5 Six months ended April 1, 2016 Balance at October 2, 2015 Current Charges Cash Payments Other Balance at April 1, 2016 FY13 restructuring programs Employee severance costs $ 0.1 $ — $ — $ — $ 0.1 Other restructuring Employee severance costs, lease and other contractual obligations 0.3 0.3 (0.2 ) — 0.4 Total $ 0.4 $ 0.3 $ (0.2 ) $ — $ 0.5

Fair Value (Tables)

Fair Value (Tables)	6 Months Ended
	Apr. 01, 2016
Fair Value Disclosures [Abstract]
Schedule of Fair Value Assets and Liabilities Measured on Recurring Basis	As of April 1, 2016 , assets and liabilities recorded at fair value on a recurring basis consisted of the following (in millions): As of April 1, 2016 As of October 2, 2015 Fair Value Measurements Fair Value Measurements Total Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Assets Money market funds $ 498.3 $ 498.3 $ — $ — $ 464.6 $ 464.6 $ — $ — Auction rate security 2.3 — — 2.3 2.3 — — 2.3 Foreign currency derivative assets 1.0 — — 1.0 3.3 — — 3.3 Total $ 501.6 $ 498.3 $ — $ 3.3 $ 470.2 $ 464.6 $ — $ 5.6 Liabilities Purchase obligation recorded for business combinations $ 76.1 $ — $ — $ 76.1 $ 75.4 $ — $ — $ 75.4 Foreign currency derivative liabilities 0.6 — — 0.6 2.8 — — 2.8 Contingent consideration liability recorded for business combinations 0.5 — — 0.5 0.5 — — 0.5 Total $ 77.2 $ — $ — $ 77.2 $ 78.7 $ — $ — $ 78.7
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 2, 2015 $ 2.3 $ 3.3 Changes in fair value included in earnings — (2.3 ) Balance as of April 1, 2016 $ 2.3 $ 1.0
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 2, 2015 $ 75.4 $ 2.8 $ 0.5 Changes in fair value included in earnings 0.7 (2.2 ) — Balance as of April 1, 2016 $ 76.1 $ 0.6 $ 0.5

Inventory (Tables)

Inventory (Tables)	6 Months Ended
	Apr. 01, 2016
Inventory, Net [Abstract]
Schedule Of Inventories	Inventory consists of the following (in millions): As of April 1, October 2, Raw materials $ 18.1 $ 30.0 Work-in-process 194.7 192.4 Finished goods 112.5 38.0 Finished goods held on consignment by customers 8.4 7.5 Total inventory $ 333.7 $ 267.9

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	6 Months Ended
	Apr. 01, 2016
Property, Plant and Equipment [Abstract]
Schedule Of Property, Plant And Equipment	Property, plant and equipment, net consists of the following (in millions): As of April 1, October 2, Land and improvements $ 11.6 $ 11.6 Buildings and improvements 116.8 101.7 Furniture and fixtures 28.8 26.9 Machinery and equipment 1,435.8 1,285.4 Construction in progress 102.7 159.8 Total property, plant and equipment, gross 1,695.7 1,585.4 Accumulated depreciation (858.0 ) (759.0 ) Total property, plant and equipment, net $ 837.7 $ 826.4

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	6 Months Ended
	Apr. 01, 2016
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) April 1, 2016 October 2, 2015 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Customer relationships 0.8 $ 57.2 $ (53.2 ) $ 4.0 $ 57.2 $ (48.7 ) $ 8.5 Developed technology and other 13.2 108.7 (77.3 ) 31.4 99.7 (64.8 ) 34.9 Trademarks Indefinite 1.6 — 1.6 1.6 — 1.6 Total intangible assets $ 167.5 $ (130.5 ) $ 37.0 $ 158.5 $ (113.5 ) $ 45.0
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 2016 2017 2018 2019 2020 Thereafter Amortization expense $ 12.9 $ 13.7 $ 1.3 $ 0.5 $ 0.5 $ 6.5

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Apr. 01, 2016
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense (Benefit)	The provision for income taxes consists of the following components (in millions): Three Months Ended Six Months Ended April 1, April 3, April 1, April 3, United States income taxes $ 39.8 $ 49.6 $ 93.6 $ 98.1 Foreign income taxes 7.2 4.4 16.3 8.2 Provision for income taxes $ 47.0 $ 54.0 $ 109.9 $ 106.3 Effective tax rate 18.4 % 24.5 % 16.3 % 22.7 %

Stockholder's Equity (Tables)

Stockholder's Equity (Tables)	6 Months Ended
	Apr. 01, 2016
Stockholders' Equity Note [Abstract]
Dividends Declared	During the three and six months ended April 1, 2016 , dividends charged to retained earnings were as follows (in millions, except per share data): Per share Total First quarter $ 0.26 $ 49.8 Second quarter 0.26 49.3 Total $ 0.52 $ 99.1
Schedule of share-based compensation expense	The following table summarizes the share-based compensation expense by line item in the Statement of Operations (in millions): Three Months Ended Six Months Ended April 1, April 3, April 1, April 3, Cost of sales $ 3.2 $ 3.8 $ 7.2 $ 7.0 Research and development 6.7 12.4 16.2 22.2 Selling, general and administrative 7.2 10.5 17.0 19.2 Total share-based compensation $ 17.1 $ 26.7 $ 40.4 $ 48.4

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Apr. 01, 2016
Earnings Per Share [Abstract]
Schedule Of Earnings Per Share	The following table sets forth the computation of basic and diluted earnings per share (in millions, except per share amounts): Three Months Ended Six Months Ended April 1, April 3, April 1, April 3, Net income $ 208.1 $ 166.5 $ 563.4 $ 361.7 Weighted average shares outstanding – basic 190.2 189.9 190.3 189.3 Dilutive effect of equity based awards 3.1 5.3 3.7 5.4 Weighted average shares outstanding – diluted 193.3 195.2 194.0 194.7 Net income per share – basic $ 1.09 $ 0.88 $ 2.96 $ 1.91 Net income per share – diluted $ 1.08 $ 0.85 $ 2.90 $ 1.86 Anti-dilutive common stock equivalents 2.1 0.1 1.4 0.6

Restructuring and Other Charg26

Restructuring and Other Charges (Tables)	6 Months Ended
	Apr. 01, 2016
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 April 1, 2016 Balance at January 1, 2016 Current Charges Cash Payments Other Balance at April 1, 2016 FY13 restructuring programs Employee severance costs $ 0.1 $ — $ — $ — $ 0.1 Other restructuring Employee severance costs 0.1 0.3 — — 0.4 Total $ 0.2 $ 0.3 $ — $ — $ 0.5 Six months ended April 1, 2016 Balance at October 2, 2015 Current Charges Cash Payments Other Balance at April 1, 2016 FY13 restructuring programs Employee severance costs $ 0.1 $ — $ — $ — $ 0.1 Other restructuring Employee severance costs, lease and other contractual obligations 0.3 0.3 (0.2 ) — 0.4 Total $ 0.4 $ 0.3 $ (0.2 ) $ — $ 0.5

Description Of Business and B27

Description Of Business and Basis Of Presentation (Details)	3 Months Ended		6 Months Ended
	Apr. 01, 2016	Apr. 03, 2015	Apr. 01, 2016	Apr. 03, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Fiscal Period Number of Weeks In Fiscal Year			1 year	1 year
Fiscal Period Number of Weeks in Fiscal Quarter	3 months	3 months

Fair Value (Schedule Of Financi

Fair Value (Schedule Of Financial Instruments Measured At Fair Value On Recurring Basis) (Details) - Fair Value, Measurements, Recurring [Member] - USD ($) $ in Millions	Apr. 01, 2016	Oct. 02, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds	$ 498.3	$ 464.6
Auction rate security	2.3	2.3
Foreign currency derivative assets	1	3.3
Total	501.6	470.2
Purchase obligation recorded for business combinations	76.1	75.4
Foreign currency derivative liabilities	0.6	2.8
Business Combination, Contingent Consideration, Liability	0.5	0.5
Total	77.2	78.7
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds	498.3	464.6
Auction rate security	0	0
Foreign currency derivative assets	0	0
Total	498.3	464.6
Purchase obligation recorded for business combinations	0	0
Foreign currency derivative liabilities	0	0
Business Combination, Contingent Consideration, Liability	0	0
Total	0	0
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds	0	0
Auction rate security	0	0
Foreign currency derivative assets	0	0
Total	0	0
Purchase obligation recorded for business combinations	0	0
Foreign currency derivative liabilities	0	0
Business Combination, Contingent Consideration, Liability	0	0
Total	0	0
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds	0	0
Auction rate security	2.3	2.3
Foreign currency derivative assets	1	3.3
Total	3.3	5.6
Purchase obligation recorded for business combinations	76.1	75.4
Foreign currency derivative liabilities	0.6	2.8
Business Combination, Contingent Consideration, Liability	0.5	0.5
Total	$ 77.2	$ 78.7

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	6 Months Ended
	Apr. 01, 2016USD ($)
Fair Value, Assets [Roll Forward]
Auction rate securities Beginning Balance	$ 2.3
Foreign currency derivative, Beginning Balance	3.3
Auction rate securities Ending Balance	2.3
Foreign currency derivative, Ending Balance	1
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets [Roll Forward]
Auction rate securities Beginning Balance	2.3
Foreign currency derivative, Beginning Balance	3.3
Auction rate securities Ending Balance	2.3
Foreign currency derivative, Ending Balance	1
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	3.3
Changes in fair value included in earnings	(2.3)
Foreign currency derivative, Ending Balance	$ 1

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	6 Months Ended
	Apr. 01, 2016USD ($)
Fair Value, Liabilities [Roll Forward]
Purchase Obligation Recorded for Business Combinations, Beginning Balance	$ 75.4
Foreign Currency Derivative Liability, Beginning Balance	2.8
Business Combination, Contingent Consideration, Liability, Beginning Balance	0.5
Purchase Obligation Recorded for Business Combinations, Ending Balance	76.1
Foreign Currency Derivative Liability, Ending Balance	0.6
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, Beginning Balance	75.4
Foreign Currency Derivative Liability, Beginning Balance	2.8
Business Combination, Contingent Consideration, Liability, Beginning Balance	0.5
Purchase Obligation Recorded for Business Combinations, Ending Balance	76.1
Foreign Currency Derivative Liability, Ending Balance	0.6
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	75.4
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Gain (Loss) Included in Earnings, Description	0.7
Purchase Obligation Recorded for Business Combinations, Ending Balance	76.1
Fair Value, Inputs, Level 3 [Member] | Derivative [Member]
Fair Value, Liabilities [Roll Forward]
Foreign Currency Derivative Liability, Beginning Balance	2.8
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Gain (Loss) Included in Earnings, Description	(2.2)
Foreign Currency Derivative Liability, Ending Balance	0.6
Fair Value, Inputs, Level 3 [Member] | contingent consideration classified as liability [Member]
Fair Value, Liabilities [Roll Forward]
Business Combination, Contingent Consideration, Liability, Beginning Balance	0.5
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Gain (Loss) Included in Earnings, Description	0
Business Combination, Contingent Consideration, Liability, Ending Balance	$ 0.5

Fair Value Fair value transfers

Fair Value Fair value transfers (Details)	6 Months Ended
	Apr. 01, 2016USD ($)
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 Into Level 3	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 Into Level 3	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	Apr. 01, 2016	Oct. 02, 2015
Inventory, Net [Abstract]
Raw materials	$ 18.1	$ 30
Work-in-process	194.7	192.4
Finished goods	112.5	38
Finished goods held on consignment by customers	8.4	7.5
Total inventory	$ 333.7	$ 267.9

Property, Plant and Equipment33

Property, Plant and Equipment (Schedule Of Property, Plant And Equipment) (Details) - USD ($) $ in Millions	Apr. 01, 2016	Oct. 02, 2015
Property, Plant and Equipment
Total property, plant and equipment, gross	$ 1,695.7	$ 1,585.4
Accumulated depreciation	(858)	(759)
Total property, plant and equipment, net	837.7	826.4
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	116.8	101.7
Furniture and fixtures [Member]
Property, Plant and Equipment
Total property, plant and equipment, gross	28.8	26.9
Machinery and equipment [Member]
Property, Plant and Equipment
Total property, plant and equipment, gross	1,435.8	1,285.4
Construction in progress [Member]
Property, Plant and Equipment
Total property, plant and equipment, gross	$ 102.7	$ 159.8

Goodwill and Intangible Asset34

Goodwill and Intangible Assets (Schedule Of Intangible Assets Subject To Amortization) (Details) - USD ($) $ in Millions	6 Months Ended
	Apr. 01, 2016	Oct. 02, 2015
Finite-Lived Intangible Assets [Line Items]
Total intangible assets, Gross Carrying Amount	$ 167.5	$ 158.5
Total intangible assets, Accumulated Amortization	(130.5)	(113.5)
Total intangible assets, Net Carrying Amount	$ 37	45
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted Average Amortization Period Remaining (Years)	9 months 18 days
Gross Carrying Amount	$ 57.2	57.2
Accumulated Amortization	(53.2)	(48.7)
Net Carrying Amount	$ 4	8.5
Developed Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted Average Amortization Period Remaining (Years)	13 years 2 months 12 days
Gross Carrying Amount	$ 108.7	99.7
Accumulated Amortization	(77.3)	(64.8)
Net Carrying Amount	31.4	34.9
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	Apr. 01, 2016USD ($)
Finite-Lived Intangible Assets, Future Amortization Expense [Abstract]
Remaining 2,016	$ 12.9
2,017	13.7
2,018	1.3
2,019	0.5
2,020	0.5
Thereafter	$ 6.5

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 01, 2016	Apr. 03, 2015	Apr. 01, 2016	Apr. 03, 2015
Income Tax Disclosure [Abstract]
United States income taxes	$ 39.8	$ 49.6	$ 93.6	$ 98.1
Foreign income taxes	7.2	4.4	16.3	8.2
Provision for income taxes	$ 47	$ 54	$ 109.9	$ 106.3

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 01, 2016	Apr. 03, 2015	Apr. 01, 2016	Apr. 03, 2015
Income Tax Disclosure [Abstract]
Effective tax rate	18.40%	24.50%	16.30%	22.70%
Federal statutory income tax rate	35.00%	35.00%	35.00%	35.00%
Tax Adjustments, Settlements, and Unusual Provisions			$ (2.6)
Benefit To Tax Expense Resulting From Reversal of Uncertain Tax Positions from Audit Settlement			24
Research and development tax credit	$ 10.2	$ 7	$ 10.2	$ 7

Stockholder's Equity (Details)

Stockholder's Equity (Details) - USD ($) $ / shares in Units, shares in Millions	3 Months Ended
	Apr. 01, 2016	Nov. 10, 2015
Stockholders' Equity Note [Abstract]
Stock repurchase authorized		$ 400,000,000
Payments for repurchase of common stock	$ 135,100,000
Treasury stock acquired (shares)	2
Average cost per share (usd per share)	$ 67.55
Remaining authorized repurchase amount	$ 264,900,000

Stockholder's Equity Dividend (

Stockholder's Equity Dividend (Details) - USD ($) $ / shares in Units, $ in Millions	Apr. 28, 2016	Apr. 01, 2016	Jan. 01, 2016	Apr. 03, 2015	Apr. 01, 2016	Apr. 03, 2015
Cash dividends declared and paid per share (usd per share)		$ 0.26	$ 0.26	$ 0.13	$ 0.52	$ 0.26
Payments of ordinary dividends		$ 49.3	$ 49.8		$ 99.1
Subsequent Event [Member] | Dividend Declared [Member]
Dividends Payable, Date Declared	Apr. 28, 2016
Dividends declared (usd per share)	$ 0.26
Dividends Payable, Date to be Paid	Jun. 2, 2016
Dividends Payable, Date of Record	May 12, 2016

Stockholder's Equity (Share Bas

Stockholder's Equity (Share Based Compensation) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 01, 2016	Apr. 03, 2015	Apr. 01, 2016	Apr. 03, 2015
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Allocated Share-based Compensation Expense	$ 17.1	$ 26.7	$ 40.4	$ 48.4
Cost of Sales [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Allocated Share-based Compensation Expense	3.2	3.8	7.2	7
Research and Development Expense [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Allocated Share-based Compensation Expense	6.7	12.4	16.2	22.2
Selling, General and Administrative Expenses [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Allocated Share-based Compensation Expense	$ 7.2	$ 10.5	$ 17	$ 19.2

(Schedule Of Earnings Per Share

(Schedule Of Earnings Per Share) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Apr. 01, 2016	Apr. 03, 2015	Apr. 01, 2016	Apr. 03, 2015
Earnings Per Share [Abstract]
Net income	$ 208.1	$ 166.5	$ 563.4	$ 361.7
Weighted average shares outstanding - basic (shares)	190.2	189.9	190.3	189.3
Dilutive effect of equity based awards (shares)	3.1	5.3	3.7	5.4
Weighted average shares outstanding - diluted (shares)	193.3	195.2	194	194.7
Net income per share - basic (usd per share)	$ 1.09	$ 0.88	$ 2.96	$ 1.91
Net income per share - diluted (usd per share)	$ 1.08	$ 0.85	$ 2.90	$ 1.86
Anti-dilutive common stock equivalents (shares)	2.1	0.1	1.4	0.6

Business Combinations (Details)

Business Combinations (Details) $ in Millions	Nov. 24, 2015USD ($)
Business Combinations [Abstract]
Business Combination Termination Fee Per Definitive Agreement	$ 88.5

Restructuring and Other Charg43

Restructuring and Other Charges Schedule of Restructuring Activity (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 01, 2016	Apr. 03, 2015	Apr. 01, 2016	Apr. 03, 2015
Restructuring Reserve [Roll Forward]
Beginning balance	$ 0.2		$ 0.4
Current Charges	0.3	$ 1.1	0.3	$ 2.4
Cash Payments	0		(0.2)
Other	0		0
Ending balance	0.5		0.5
Employee Severance [Member] | FY13 Restructuring Programs [Member]
Restructuring Reserve [Roll Forward]
Beginning balance	0.1		0.1
Current Charges	0		0
Cash Payments	0		0
Other	0		0
Ending balance	0.1		0.1
Employee Severance [Member] | Other Restructuring Programs [Member]
Restructuring Reserve [Roll Forward]
Beginning balance	0.1		0.3
Current Charges	0.3		0.3
Cash Payments	0		(0.2)
Other	0		0
Ending balance	$ 0.4		$ 0.4