Skyworks Solutions (SWKS) 10-Q 4 Aug 22 2022 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - $ / shares	9 Months Ended
	Jul. 01, 2022	Jul. 29, 2022
Cover [Abstract]
Document Type	10-Q
Document Period End Date	Jul. 01, 2022
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	001-05560
Entity Registrant Name	Skyworks Solutions, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	04-2302115
Entity Address, Address Line One	5260 California Avenue
Entity Address, City or Town	Irvine
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	92617
City Area Code	(949)
Local Phone Number	231-3000
Title of 12(b) Security	Common Stock, par value $0.25 per share
Trading Symbol	SWKS
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		160,445,593
Entity Listing, Par Value Per Share	$ 0.25
Entity Central Index Key	0000004127
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
Current Fiscal Year End Date	--09-30

Consolidated Statements Of Oper

Consolidated Statements Of Operations - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Jul. 01, 2022	Jul. 02, 2021	Jul. 01, 2022	Jul. 02, 2021
Income Statement [Abstract]
Document Period End Date			Jul. 01, 2022
Net revenue	$ 1,232.6	$ 1,116.4	$ 4,078.6	$ 3,798.2
Cost of goods sold	649.3	557.8	2,142.9	1,899.5
Gross profit	583.3	558.6	1,935.7	1,898.7
Operating expenses:
Research and development	156.5	130.8	468.4	383.1
Selling, general, and administrative	77	85.1	242.1	222
Amortization of intangibles	65.9	6.3	211.8	23.8
Restructuring Costs and Asset Impairment Charges	2.1	0.5	9.3	0.5
Total operating expenses	257.5	218.8	796.8	613.5
Operating income	325.8	339.8	1,138.9	1,285.2
Interest Expense	(11.3)	(2.6)	(33.6)	(2.6)
Other expense, net	(0.4)	(1)	(0.9)	(0.1)
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	314.1	336.2	1,104.4	1,282.5
Provision (benefit) for income taxes	46.8	(1.6)	131.4	110.5
Net income	$ 267.3	$ 337.8	$ 973	$ 1,172
Earnings per share:
Basic (in dollars per share)	$ 1.66	$ 2.05	$ 5.96	$ 7.10
Diluted (in dollars per share)	$ 1.66	$ 2.02	$ 5.93	$ 7.02
Weighted average shares:
Basic (in shares)	160.9	165.1	163.3	165.2
Diluted (in shares)	161.5	167	164.1	166.9
Common Stock, Dividends, Per Share, Declared	$ 0.56	$ 0.50	$ 1.68	$ 1.50
Amortization of intangibles	$ 65.9	$ 6.3	$ 211.8	$ 23.8
Operating Expense [Member]
Operating expenses:
Amortization of intangibles	21.9	2.4	77	7.9
Amortization of intangibles	$ 21.9	$ 2.4	$ 77	$ 7.9

Consolidated Statement of Compr

Consolidated Statement of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 01, 2022	Jul. 02, 2021	Jul. 01, 2022	Jul. 02, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 267.3	$ 337.8	$ 973	$ 1,172
Other comprehensive income (loss), net of tax:
Fair value of investments	0.2	(0.2)	(0.2)	(0.5)
Other Comprehensive (Income) Loss, Defined Benefit Plan, before Reclassification Adjustment, after Tax	0	0	(3.3)	(0.3)
Comprehensive income	$ 267.5	$ 337.6	$ 976.1	$ 1,171.8

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	9 Months Ended
	Jul. 01, 2022	Oct. 01, 2021
Statement of Financial Position [Abstract]
Document Period End Date	Jul. 01, 2022
Current assets:
Cash and cash equivalents	$ 643	$ 882.9
Marketable Securities, Current	16.2	137.2
Receivables, net of allowances of $0.8 and $0.7, respectively	785.6	756.2
Inventory	1,102	885
Other current assets	361.2	204.1
Total current assets	2,908	2,865.4
Property, plant, and equipment, net	1,607.4	1,501.6
Operating Lease, Right-of-Use Asset	208.3	166.1
Goodwill	2,176.7	2,176.7
Intangible assets, net	1,541.8	1,698.6
Deferred Income Tax Assets, Net	101.5	119.5
Marketable Securities, Noncurrent	3	7.1
Other long-term assets	147.9	55.7
Total assets	8,694.6	8,590.7
Current liabilities:
Accounts payable	319.9	236
Accrued compensation and benefits	109	135.3
Debt, Current	498.8	0
Other current liabilities	298.4	287.2
Total current liabilities	1,226.1	658.5
Long-term Debt	1,689.4	2,235.6
Long-term tax liabilities	227.8	222.8
Operating Lease, Liability, Noncurrent	189.5	144.5
Other long-term liabilities	67.2	32.2
Total liabilities	3,400	3,293.6
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; 166.9 shares issued and 160.7 shares outstanding at July 1, 2022, and 165.3 shares issued and 165.3 shares outstanding at October 1, 2021	40.1	41.3
Additional paid-in capital	267.6	79.6
Treasury stock, at cost	(893.4)	(1.7)
Retained earnings	5,885.1	5,185.8
Accumulated other comprehensive loss	(4.8)	(7.9)
Total stockholders’ equity	5,294.6	5,297.1
Total liabilities and stockholders’ equity	$ 8,694.6	$ 8,590.7

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) shares in Millions, $ in Millions	Jul. 01, 2022	Oct. 01, 2021
Current assets:
Allowance for doubtful accounts	$ 0.8	$ 0.7
Stockholders' Equity Attributable to Parent [Abstract]
Preferred stock, par value (in dollars per share)	$ 0	$ 0
Preferred stock, shares authorized	25	25
Preferred stock, shares issued	0	0
Common stock, par value (in dollars per share)	$ 0.25	$ 0.25
Common stock, shares authorized	525	525
Common stock, shares issued	166.9	165.3
Common stock, shares outstanding	160.7	165.3

Consolidated Statements Of Cash

Consolidated Statements Of Cash Flows - USD ($) $ in Millions	9 Months Ended
	Jul. 01, 2022	Jul. 02, 2021
Statement of Cash Flows [Abstract]
Document Period End Date	Jul. 01, 2022
Net income	$ 973	$ 1,172
Adjustments to reconcile net income to net cash provided by operating activities:
Share-based compensation	158.2	144.3
Depreciation	289.6	242.9
Amortization	219.1	23.8
Deferred income taxes	30.3	(2.6)
Amortization of Debt Issuance Costs and Discounts	3	0
Other Noncash Income (Expense)	(5.1)	0.2
Changes in assets and liabilities:
Receivables, net	(29.4)	(176.9)
Inventory	(227.8)	(5.9)
Accounts payable	32.5	21.8
Other current and long-term assets and liabilities	(255.1)	(45.9)
Net Cash Provided by (Used in) Operating Activities	1,188.3	1,373.7
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment	347.7	374.8
Payments to Acquire Marketable Securities	(91.4)	(408.4)
Payments to Acquire Intangible Assets	16.3	7.4
Proceeds from Sale and Maturity of Debt Securities, Available-for-sale	216.2	689.6
Proceeds from Sale of Property, Plant, and Equipment	7.6	0
Net Cash Provided by (Used in) Investing Activities	(231.6)	(101)
Cash flows from financing activities:
Repurchase of common stock - payroll tax withholdings on equity awards	(85.2)	(53.6)
Repurchase of common stock - stock repurchase program	(806.5)	(195.6)
Dividends paid	(273.7)	(248.1)
Net proceeds from exercise of stock options	3.2	7.8
Proceeds from Issuance of Common Stock	15.6	12.7
Proceeds from Debt, Net of Issuance Costs	0	1,489.7
Payments of Debt Issuance Costs	0	(7.3)
Repayments of Long-term Debt	(50)	0
Net Cash Provided by (Used in) Financing Activities	(1,196.6)	1,005.6
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	(239.9)	2,278.3
Cash and cash equivalents at beginning of period	882.9	566.7
Cash and cash equivalents at end of period	643	2,845
Supplemental cash flow disclosures:
Income taxes paid	167.9	136.5
Interest Paid, Excluding Capitalized Interest, Operating Activities	29	0
Stock Issued	32.2	27.5
Capital Expenditures Incurred but Not yet Paid	127.3	149.9
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	$ 64.3	$ 15.9

Statement of Stockholders Equit

Statement of Stockholders Equity Statement - USD ($) shares in Millions, $ in Millions	Total	2021 Stock Repurchase Plan [Member]	Common Stock [Member]	Treasury Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]
Common stock, shares outstanding			165.6
Stockholders' Equity Attributable to Parent	$ 4,164.2		$ 41.4	$ (4,093.5)	$ 3,403.7	$ 4,820.4	$ (7.8)
Treasury Stock, Shares				66.7
Net income	509.3					509.3
StockIssuedDuringPeriodSharesShareBasedCompensationNetofRelatedTaxes(inshares)			0.7	0.4
StockIssuedDuringPeriodValueShareBasedCompensationNetofRelatedTaxes	(17.5)		$ 0.2	$ (47.8)	30.1
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	37.4				37.4
Stock Repurchased During Period, Value	195.6		$ 0.4	$ 195.6	(0.4)
Stock Repurchased During Period, Shares			1.4	1.4
Dividends	(83)					(83)
Other Comprehensive Income (Loss), Net of Tax	(0.1)						0.1
Net income	1,172
Treasury Stock, Retired, Cost Method, Amount				$ (4,342.6)
Common stock, shares outstanding			164.9
Stockholders' Equity Attributable to Parent	4,414.9		$ 41.2	$ (4,336.9)	3,471.6	5,246.7	(7.7)
Treasury Stock, Shares				68.5
Net income	325					325
StockIssuedDuringPeriodSharesShareBasedCompensationNetofRelatedTaxes(inshares)			0.2	0
StockIssuedDuringPeriodValueShareBasedCompensationNetofRelatedTaxes	13.4		$ 0.1	$ (3.6)	16.9
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	41.7				41.7
Dividends	(82.6)					(82.6)
Other Comprehensive Income (Loss), Net of Tax	0.1						(0.1)
Common stock, shares outstanding			165.1
Stockholders' Equity Attributable to Parent	4,712.3		$ 41.3	$ (4,340.5)	3,530.2	5,489.1	(7.8)
Treasury Stock, Shares				68.5
Net income	337.8					337.8
StockIssuedDuringPeriodSharesShareBasedCompensationNetofRelatedTaxes(inshares)			0	0
StockIssuedDuringPeriodValueShareBasedCompensationNetofRelatedTaxes	(1.5)		$ 0	$ (2.2)	0.7
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	36.9				36.9
Treasury Stock, Retired, Cost Method, Amount				$ (4,342.6)	(3,550.3)	(792.3)
Treasury Stock, Shares, Retired				(68.5)
Stock Repurchased During Period, Value	0
Dividends	(82.5)					(82.5)
Other Comprehensive Income (Loss), Net of Tax	0.2						(0.2)
Common stock, shares outstanding			165.1
Stockholders' Equity Attributable to Parent	$ 5,002.8		$ 41.3	$ (0.1)	17.5	4,952.1	(8)
Treasury Stock, Shares				0
Common stock, shares outstanding	165.3		165.3
Stockholders' Equity Attributable to Parent	$ 5,297.1		$ 41.3	$ (1.7)	79.6	5,185.8	(7.9)
Treasury Stock, Shares				0
Net income	399.9					399.9
StockIssuedDuringPeriodSharesShareBasedCompensationNetofRelatedTaxes(inshares)			0.9	0.5
StockIssuedDuringPeriodValueShareBasedCompensationNetofRelatedTaxes	(46.1)		$ 0.2	$ (80.1)	33.8
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	42				42
Stock Repurchased During Period, Value	269.4		$ 0.4	$ 269.4	(0.4)
Stock Repurchased During Period, Shares			1.7	1.7
Dividends	(92.5)					(92.5)
Other Comprehensive Income (Loss), Net of Tax	(3.2)						3.2
Net income	973
Treasury Stock, Retired, Cost Method, Amount				$ 0
Common stock, shares outstanding			164.5
Stockholders' Equity Attributable to Parent	5,334.2		$ 41.1	$ (351.2)	155.8	5,493.2	(4.7)
Treasury Stock, Shares				2.2
Net income	305.8					305.8
StockIssuedDuringPeriodSharesShareBasedCompensationNetofRelatedTaxes(inshares)			0.2	0
StockIssuedDuringPeriodValueShareBasedCompensationNetofRelatedTaxes	12.8		$ 0	$ (3.5)	16.3
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	45.3				45.3
Stock Repurchased During Period, Value	418		$ 0.7	$ 418	(0.7)
Stock Repurchased During Period, Shares			3	3
Dividends	(91.2)					(91.2)
Other Comprehensive Income (Loss), Net of Tax	0.3						(0.3)
Common stock, shares outstanding			161.7
Stockholders' Equity Attributable to Parent	5,188.6		$ 40.4	$ (772.7)	218.1	5,707.8	(5)
Treasury Stock, Shares				5.2
Net income	267.3
StockIssuedDuringPeriodSharesShareBasedCompensationNetofRelatedTaxes(inshares)			0	0
StockIssuedDuringPeriodValueShareBasedCompensationNetofRelatedTaxes	(1)		$ 0	$ (1.6)	0.6
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	48.6				48.6
Stock Repurchased During Period, Value	119.1		$ 0.3	$ 119.1	(0.3)
Stock Repurchased During Period, Shares			1	1
Dividends	(90)					(90)
Other Comprehensive Income (Loss), Net of Tax	$ (0.2)						0.2
Common stock, shares outstanding	160.7		160.7
Stockholders' Equity Attributable to Parent	$ 5,294.6		$ 40.1	$ (893.4)	$ 267.6	$ 5,885.1	$ (4.8)
Treasury Stock, Shares				6.2
Authorized amount of stock for repurchase		$ 2,000
Remaining amount authorized fro stock repurchase	$ 1,200

Description Of Business and Bas

Description Of Business and Basis Of Presentation	9 Months Ended
	Jul. 01, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies	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 analog semiconductors are connecting people, places, and things, spanning a number of new applications within the aerospace, automotive, broadband, cellular infrastructure, connected home, entertainment and gaming, 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 1, 2021, filed with the SEC on November 24, 2021, as amended by Amendment No. 1 to such Annual Report on Form 10-K, filed with the SEC on January 28, 2022 (“2021 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 during the reporting period. The Company evaluates its estimates on an ongoing basis using historical experience and other factors, including the current economic environment. Judgment is required in determining the reserves for, and fair value of, items such as overall fair value assessments of assets and liabilities, particularly those classified as Level 2 or Level 3 in the fair value hierarchy, marketable securities, inventory, intangible assets associated with business combinations, share-based compensation, revenue reserves, loss contingencies, and income taxes. In addition, 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 testing. Actual results could differ significantly from these estimates.

Marketable Securities

Marketable Securities	9 Months Ended
	Jul. 01, 2022
Investments, Debt and Equity Securities [Abstract]
MARKETABLE SECURITIES	MARKETABLE SECURITIES The Company’s portfolio of available-for-sale marketable securities consists of the following (in millions): Current Noncurrent July 1, October 1, July 1, October 1, U.S. Treasury and government $ 8.0 $ 7.6 $ 2.9 $ 6.0 Corporate bonds and notes — 117.0 — — Municipal bonds 8.2 12.6 0.1 1.1 Total marketable securities $ 16.2 $ 137.2 $ 3.0 $ 7.1

Fair Value

Fair Value	9 Months Ended
	Jul. 01, 2022
Fair Value Disclosures [Abstract]
FAIR VALUE	4. FAIR VALUE Assets and Liabilities Measured and Recorded at Fair Value on a Recurring Basis 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 recorded at fair value on a recurring basis consisted of the following (in millions): As of July 1, 2022 October 1, 2021 Fair Value Measurements Fair Value Measurements Total Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Assets Cash and cash equivalents* $ 643.0 $ 643.0 $ — $ — $ 882.9 $ 882.9 $ — $ — U.S. Treasury and government securities 10.9 1.2 9.7 — 13.6 2.6 11.0 — Corporate bonds and notes — — — — 117.0 — 117.0 — Municipal bonds 8.3 — 8.3 — 13.7 — 13.7 — Total assets at fair value $ 662.2 $ 644.2 $ 18.0 $ — $ 1,027.2 $ 885.5 $ 141.7 $ — * Cash equivalents included in Levels 1 and 2 consist of money market funds and corporate bonds and notes, commercial paper, and agency securities purchased with less than ninety days until maturity. 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 are subsequently re-measured if there are indicators of impairment. There were no indicators of impairment identified during the three and nine months ended July 1, 2022. Fair Value of Debt The Company’s debt is carried at amortized cost and is measured at fair value quarterly for disclosure purposes. The estimated fair values are based on Level 2 inputs as the fair value is based on quoted prices for the Company’s debt and comparable instruments in inactive markets. The carrying value of the Term Loan (as defined below) approximates its fair value as the Term Loan is carried at a market observable interest rate that resets periodically. The carrying amount and estimated fair value of debt consists of the following (in millions): As of July 1, October 1, Carrying Amount Estimated Fair Value Carrying Amount Estimated Fair Value 0.90% Senior Notes due 2023 $ 498.8 $ 486.4 $ 498.2 $ 501.0 1.80% Senior Notes due 2026 496.6 445.8 496.2 507.5 3.00% Senior Notes due 2031 494.4 414.6 494.0 514.6 Total debt $ 1,489.8 $ 1,346.8 $ 1,488.4 $ 1,523.1

Inventory

Inventory	9 Months Ended
	Jul. 01, 2022
Inventory, Net [Abstract]
INVENTORY	INVENTORY Inventory consists of the following (in millions): As of July 1, October 1, Raw materials $ 73.1 $ 62.2 Work-in-process 770.8 595.9 Finished goods 254.5 224.4 Finished goods held on consignment by customers 3.6 2.5 Total inventory $ 1,102.0 $ 885.0

Property, Plant And Equipment

Property, Plant And Equipment	9 Months Ended
	Jul. 01, 2022
Property, Plant and Equipment [Abstract]
PROPERTY, PLANT AND EQUIPMENT	PROPERTY, PLANT, AND EQUIPMENT, NET Property, plant, and equipment, net consists of the following (in millions): As of July 1, October 1, Land and improvements $ 11.9 $ 11.9 Buildings and improvements 535.9 470.7 Furniture and fixtures 70.4 60.2 Machinery and equipment 3,256.3 2,990.2 Construction in progress 174.6 177.0 Total property, plant, and equipment, gross 4,049.1 3,710.0 Accumulated depreciation (2,441.7) (2,208.4) Total property, plant, and equipment, net $ 1,607.4 $ 1,501.6

Goodwill And Intangible Assets

Goodwill And Intangible Assets	9 Months Ended
	Jul. 01, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND INTANGIBLE ASSETS	7. GOODWILL AND INTANGIBLE ASSETS There were no changes to the carrying amount of goodwill during the three and nine months ended July 1, 2022. The Company tests its goodwill 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 may be impaired. There were no indicators of impairment noted during the three and nine months ended July 1, 2022. Intangible assets consist of the following (in millions): As of As of Weighted July 1, 2022 October 1, 2021 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Customer relationships and backlog 2.3 154.6 (100.6) 54.0 174.3 (44.0) 130.3 Developed technology and other 4.1 1,154.7 (160.6) 994.1 1,036.9 (88.0) 948.9 Technology licenses 2.8 103.4 (37.4) 66.0 48.4 (23.9) 24.5 In-process research and development 427.7 — 427.7 594.9 — 594.9 Total intangible assets $ 1,840.4 $ (298.6) $ 1,541.8 $ 1,854.5 $ (155.9) $ 1,698.6 Fully amortized intangible assets are eliminated from both the gross and accumulated amortization amounts in the first quarter of each fiscal year. During the nine months ended July 1, 2022, $167.2 million of in-process research and development (“IPR&D”) assets were transferred to definite-lived intangible assets, and are being amortized over their weighted-average useful lives of 6.6 years. Amortization expense related to definite-lived intangible assets was $65.9 million and $211.8 million for the three and nine months ended July 1, 2022, respectively. Amortization expense related to definite-lived intangible assets was $6.3 million and $23.8 million for the three and nine months ended July 2, 2021, respectively. Annual amortization expense for the next five fiscal years related to definite-lived intangible assets, excluding IPR&D, is expected to be as follows (in millions): Remaining 2022 2023 2024 2025 2026 Thereafter Amortization expense $ 68.2 $ 212.2 $ 164.8 $ 144.0 $ 119.8 $ 405.1

Income Taxes

Income Taxes	9 Months Ended
	Jul. 01, 2022
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The provision for income taxes consists of the following components (in millions): Three Months Ended Nine Months Ended July 1, July 2, July 1, July 2, United States income taxes 35.8 (13.8) 88.5 63.7 Foreign income taxes 11.0 12.2 42.9 46.8 Provision (benefit) for income taxes $ 46.8 $ (1.6) $ 131.4 $ 110.5 Effective tax rate 14.9 % (0.5) % 11.9 % 8.6 % The difference between the Company’s effective tax rate and the 21.0% United States federal statutory rate for the three and nine months ended July 1, 2022, and July 2, 2021, respectively, resulted primarily from foreign earnings taxed at rates lower than the federal statutory rate, a benefit from foreign-derived intangible income deduction (“FDII”), windfall tax deductions, and research and experimentation and foreign tax credits earned, partially offset by a tax on global intangible low-taxed income (“GILTI”), and tax expense related to a change in the reserve for uncertain tax positions.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Jul. 01, 2022
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. The Company monitors the status of legal proceedings and other contingencies on an ongoing basis to ensure loss contingencies are recognized and/or disclosed in its financial statements and footnotes. The Company does not believe there are any pending legal proceedings that are reasonably possible to result in a material loss. The Company is 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 or financial statements. Guarantees and Indemnities The Company has made no significant 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 statements.

Stockholder's Equity

Stockholder's Equity	9 Months Ended
	Jul. 01, 2022
Stockholders' Equity Note [Abstract]
STOCKHOLDERS' EQUITY	10. STOCKHOLDERS’ EQUITY Stock Repurchase On January 26, 2021, the Board of Directors approved a stock repurchase program, pursuant to which the Company is authorized to repurchase up to $2.0 billion of its common stock from time to time prior to January 26, 2023, on the open market or in privately negotiated transactions, as permitted by securities laws and other legal requirements. This authorized stock repurchase program replaced in its entirety the January 30, 2019, stock repurchase program. The timing and amount of any shares of the Company’s common stock that are repurchased under the repurchase program are determined by the Company’s management based on its evaluation of market conditions and other factors. During the three months ended July 1, 2022, the Company paid $119.1 million (including commissions) in connection with the repurchase of 1.0 million shares of its common stock (paying an average price of $119.07 per share). During the nine months ended July 1, 2022, the Company paid $806.5 million (including commissions) in connection with the repurchase of 5.7 million shares of its common stock (paying an average price of $141.30 per share), all of which shares were repurchased pursuant to the January 26, 2021, stock repurchase program. As of July 1, 2022, $1.2 billion remained available under the January 26, 2021, stock repurchase program. During the three months ended July 2, 2021, the Company did not repurchase any shares of its common stock. During the nine months ended July 2, 2021, the Company paid $195.6 million (including commissions) in connection with the repurchase of 1.4 million shares of its common stock (paying an average price of $138.85 per share), all of which shares were repurchased pursuant to the January 30, 2019, stock repurchase program. Dividends On August 4, 2022, the Company announced that the Board of Directors had declared a cash dividend on the Company’s common stock of $0.62 per share. This dividend is payable on September 15, 2022, to the Company’s stockholders of record as of the close of business on August 25, 2022. Dividends charged to retained earnings were as follows (in millions, except per share data): 2022 2021 Per Share Total Amount Per Share Total Amount First quarter $ 0.56 $ 92.5 $ 0.50 $ 83.0 Second quarter 0.56 91.2 0.50 82.6 Third quarter 0.56 90.0 0.50 82.5 Total dividends $ 1.68 $ 273.7 $ 1.50 $ 248.1 Share-based Compensation The following table summarizes the share-based compensation expense by line item in the Consolidated Statements of Operations (in millions): Three Months Ended Nine Months Ended July 1, July 2, July 1, July 2, Cost of goods sold $ 8.0 $ 4.9 $ 22.9 $ 24.0 Research and development 24.2 17.9 74.4 62.2 Selling, general, and administrative 19.9 20.6 60.9 58.1 Total share-based compensation $ 52.1 $ 43.4 $ 158.2 $ 144.3

Earnings Per Share

Earnings Per Share	9 Months Ended
	Jul. 01, 2022
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 Nine Months Ended July 1, July 2, July 1, July 2, Net income $ 267.3 $ 337.8 $ 973.0 $ 1,172.0 Weighted average shares outstanding – basic 160.9 165.1 163.3 165.2 Dilutive effect of equity-based awards 0.6 1.9 0.8 1.7 Weighted average shares outstanding – diluted 161.5 167.0 164.1 166.9 Net income per share – basic $ 1.66 $ 2.05 $ 5.96 $ 7.10 Net income per share – diluted $ 1.66 $ 2.02 $ 5.93 $ 7.02 Anti-dilutive common stock equivalents 1.3 — 0.8 — Basic earnings per share are calculated by dividing net income by the weighted average number of shares of the Company’s common stock outstanding during the period. 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 1, 2022, and July 2, 2021, using the treasury stock method. Shares issuable upon the vesting of performance stock awards are likewise included in the calculation of diluted earnings per share as of the date the condition(s) have been satisfied, assuming the end of the reporting period was the end of the contingency period. 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.

Revenue Recognition (Notes)

Revenue Recognition (Notes)	9 Months Ended
	Jul. 01, 2022
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer [Text Block]	2. REVENUE RECOGNITION The Company presents net revenue by geographic area, based upon the location of the original equipment manufacturers’ (“OEMs”) headquarters, and by sales channel, as it believes that doing so best depicts how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors. Individually insignificant OEMs are presented based upon the location of the Company's direct customer, which is typically a distributor. Net revenue by geographic area is as follows (in millions): Three Months Ended Nine Months Ended July 1, July 2, July 1, July 2, United States $ 813.0 $ 636.0 $ 2,630.9 $ 2,372.6 China 98.9 262.0 487.8 759.6 South Korea 146.4 70.6 398.6 205.0 Taiwan 99.7 90.4 324.3 310.6 Europe, Middle East, and Africa 58.3 49.5 180.6 128.7 Other Asia-Pacific 16.3 7.9 56.4 21.7 Total net revenue $ 1,232.6 $ 1,116.4 $ 4,078.6 $ 3,798.2 Net revenue by sales channel is as follows (in millions): Three Months Ended Nine Months Ended July 1, July 2, July 1, July 2, Distributors $ 947.8 $ 982.7 $ 3,309.3 $ 3,396.1 Direct customers 284.8 133.7 769.3 402.1 Total net revenue $ 1,232.6 $ 1,116.4 $ 4,078.6 $ 3,798.2

Other Liabilities

Other Liabilities	9 Months Ended
	Jul. 01, 2022
Condensed Financial Information Disclosure [Abstract]
Additional Financial Information Disclosure	12. SUPPLEMENTAL FINANCIAL INFORMATION Other current liabilities consist of the following (in millions): As of July 1, October 1, Accrued taxes $ 68.6 $ 88.6 Short-term operating lease liabilities 24.5 33.0 Accrued customer liabilities 169.0 119.7 Other 36.3 45.9 Total other current liabilities $ 298.4 $ 287.2 Other current assets consist of the following (in millions): As of July 1, October 1, Prepaid expenses $ 204.9 $ 106.7 Other 156.3 97.4 Total other current assets $ 361.2 $ 204.1

Description Of Business and B_2

Description Of Business and Basis Of Presentation (Policies)	9 Months Ended
	Jul. 01, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Fiscal Period	The Company’s fiscal year ends on the Friday closest to September 30. Fiscal 2022 consists of 52 weeks and ends on September 30, 2022. Fiscal 2021 consisted of 52 weeks and ended on October 1, 2021. The three and nine months ended July 1, 2022, and July 2, 2021, each consisted of 13 weeks and 39 weeks, respectively.

Marketable Securities (Tables)

Marketable Securities (Tables)	9 Months Ended
	Jul. 01, 2022
Investments, Debt and Equity Securities [Abstract]
Marketable Securities	The Company’s portfolio of available-for-sale marketable securities consists of the following (in millions): Current Noncurrent July 1, October 1, July 1, October 1, U.S. Treasury and government $ 8.0 $ 7.6 $ 2.9 $ 6.0 Corporate bonds and notes — 117.0 — — Municipal bonds 8.2 12.6 0.1 1.1 Total marketable securities $ 16.2 $ 137.2 $ 3.0 $ 7.1

Fair Value (Tables)

Fair Value (Tables)	9 Months Ended
	Jul. 01, 2022
Fair Value Disclosures [Abstract]
Schedule of Fair Value Assets and Liabilities Measured on Recurring Basis	Assets and liabilities recorded at fair value on a recurring basis consisted of the following (in millions): As of July 1, 2022 October 1, 2021 Fair Value Measurements Fair Value Measurements Total Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Assets Cash and cash equivalents* $ 643.0 $ 643.0 $ — $ — $ 882.9 $ 882.9 $ — $ — U.S. Treasury and government securities 10.9 1.2 9.7 — 13.6 2.6 11.0 — Corporate bonds and notes — — — — 117.0 — 117.0 — Municipal bonds 8.3 — 8.3 — 13.7 — 13.7 — Total assets at fair value $ 662.2 $ 644.2 $ 18.0 $ — $ 1,027.2 $ 885.5 $ 141.7 $ —
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments	The carrying amount and estimated fair value of debt consists of the following (in millions): As of July 1, October 1, Carrying Amount Estimated Fair Value Carrying Amount Estimated Fair Value 0.90% Senior Notes due 2023 $ 498.8 $ 486.4 $ 498.2 $ 501.0 1.80% Senior Notes due 2026 496.6 445.8 496.2 507.5 3.00% Senior Notes due 2031 494.4 414.6 494.0 514.6 Total debt $ 1,489.8 $ 1,346.8 $ 1,488.4 $ 1,523.1

Inventory (Tables)

Inventory (Tables)	9 Months Ended
	Jul. 01, 2022
Inventory, Net [Abstract]
Schedule Of Inventories	Inventory consists of the following (in millions): As of July 1, October 1, Raw materials $ 73.1 $ 62.2 Work-in-process 770.8 595.9 Finished goods 254.5 224.4 Finished goods held on consignment by customers 3.6 2.5 Total inventory $ 1,102.0 $ 885.0

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	9 Months Ended
	Jul. 01, 2022
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 1, October 1, Land and improvements $ 11.9 $ 11.9 Buildings and improvements 535.9 470.7 Furniture and fixtures 70.4 60.2 Machinery and equipment 3,256.3 2,990.2 Construction in progress 174.6 177.0 Total property, plant, and equipment, gross 4,049.1 3,710.0 Accumulated depreciation (2,441.7) (2,208.4) Total property, plant, and equipment, net $ 1,607.4 $ 1,501.6

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	9 Months Ended
	Jul. 01, 2022
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 July 1, 2022 October 1, 2021 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Customer relationships and backlog 2.3 154.6 (100.6) 54.0 174.3 (44.0) 130.3 Developed technology and other 4.1 1,154.7 (160.6) 994.1 1,036.9 (88.0) 948.9 Technology licenses 2.8 103.4 (37.4) 66.0 48.4 (23.9) 24.5 In-process research and development 427.7 — 427.7 594.9 — 594.9 Total intangible assets $ 1,840.4 $ (298.6) $ 1,541.8 $ 1,854.5 $ (155.9) $ 1,698.6
Schedule Of Expected Annual Amortization Expense Related To Intangible Assets For The Next Five Years	Annual amortization expense for the next five fiscal years related to definite-lived intangible assets, excluding IPR&D, is expected to be as follows (in millions): Remaining 2022 2023 2024 2025 2026 Thereafter Amortization expense $ 68.2 $ 212.2 $ 164.8 $ 144.0 $ 119.8 $ 405.1

Income Taxes (Tables)

Income Taxes (Tables)	9 Months Ended
	Jul. 01, 2022
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 Nine Months Ended July 1, July 2, July 1, July 2, United States income taxes 35.8 (13.8) 88.5 63.7 Foreign income taxes 11.0 12.2 42.9 46.8 Provision (benefit) for income taxes $ 46.8 $ (1.6) $ 131.4 $ 110.5 Effective tax rate 14.9 % (0.5) % 11.9 % 8.6 %

Stockholder's Equity (Tables)

Stockholder's Equity (Tables)	9 Months Ended
	Jul. 01, 2022
Stockholders' Equity Note [Abstract]
Dividends Declared	Dividends charged to retained earnings were as follows (in millions, except per share data): 2022 2021 Per Share Total Amount Per Share Total Amount First quarter $ 0.56 $ 92.5 $ 0.50 $ 83.0 Second quarter 0.56 91.2 0.50 82.6 Third quarter 0.56 90.0 0.50 82.5 Total dividends $ 1.68 $ 273.7 $ 1.50 $ 248.1
Schedule of share-based compensation expense	The following table summarizes the share-based compensation expense by line item in the Consolidated Statements of Operations (in millions): Three Months Ended Nine Months Ended July 1, July 2, July 1, July 2, Cost of goods sold $ 8.0 $ 4.9 $ 22.9 $ 24.0 Research and development 24.2 17.9 74.4 62.2 Selling, general, and administrative 19.9 20.6 60.9 58.1 Total share-based compensation $ 52.1 $ 43.4 $ 158.2 $ 144.3

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Jul. 01, 2022
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 Nine Months Ended July 1, July 2, July 1, July 2, Net income $ 267.3 $ 337.8 $ 973.0 $ 1,172.0 Weighted average shares outstanding – basic 160.9 165.1 163.3 165.2 Dilutive effect of equity-based awards 0.6 1.9 0.8 1.7 Weighted average shares outstanding – diluted 161.5 167.0 164.1 166.9 Net income per share – basic $ 1.66 $ 2.05 $ 5.96 $ 7.10 Net income per share – diluted $ 1.66 $ 2.02 $ 5.93 $ 7.02 Anti-dilutive common stock equivalents 1.3 — 0.8 —

Revenue Recognition (Tables)

Revenue Recognition (Tables)	9 Months Ended
	Jul. 01, 2022
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue [Table Text Block]	Three Months Ended Nine Months Ended July 1, July 2, July 1, July 2, United States $ 813.0 $ 636.0 $ 2,630.9 $ 2,372.6 China 98.9 262.0 487.8 759.6 South Korea 146.4 70.6 398.6 205.0 Taiwan 99.7 90.4 324.3 310.6 Europe, Middle East, and Africa 58.3 49.5 180.6 128.7 Other Asia-Pacific 16.3 7.9 56.4 21.7 Total net revenue $ 1,232.6 $ 1,116.4 $ 4,078.6 $ 3,798.2 Net revenue by sales channel is as follows (in millions): Three Months Ended Nine Months Ended July 1, July 2, July 1, July 2, Distributors $ 947.8 $ 982.7 $ 3,309.3 $ 3,396.1 Direct customers 284.8 133.7 769.3 402.1 Total net revenue $ 1,232.6 $ 1,116.4 $ 4,078.6 $ 3,798.2

Other Liabilities (Tables)

Other Liabilities (Tables)	3 Months Ended	9 Months Ended
	Jul. 01, 2022	Jul. 01, 2022
Condensed Financial Information Disclosure [Abstract]
Other Current Liabilities	Other current liabilities consist of the following (in millions): As of July 1, October 1, Accrued taxes $ 68.6 $ 88.6 Short-term operating lease liabilities 24.5 33.0 Accrued customer liabilities 169.0 119.7 Other 36.3 45.9 Total other current liabilities $ 298.4 $ 287.2
Schedule of Other Current Assets		Other current assets consist of the following (in millions): As of July 1, October 1, Prepaid expenses $ 204.9 $ 106.7 Other 156.3 97.4 Total other current assets $ 361.2 $ 204.1

Description Of Business and B_3

Description Of Business and Basis Of Presentation (Details)	3 Months Ended		9 Months Ended
	Jul. 01, 2022	Jul. 02, 2021	Jul. 01, 2022	Jul. 02, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Fiscal Period Duration	6 months	6 months	3 months	3 months

Description Of Business and B_4

Description Of Business and Basis Of Presentation (New Accounting Pronouncements) (Details)	9 Months Ended
	Jul. 01, 2022
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Document Period End Date	Jul. 01, 2022

Marketable Securities (Details)

Marketable Securities (Details) - USD ($) $ in Millions	9 Months Ended
	Jul. 01, 2022	Oct. 01, 2021
Debt Securities, Available-for-sale [Line Items]
Document Period End Date	Jul. 01, 2022
Other Current Assets [Member]
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-sale, Current	$ 16.2	$ 137.2
Other Noncurrent Assets [Member]
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-sale, Noncurrent	3	7.1
US Treasury and Government [Member] | Other Current Assets [Member]
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-sale, Current	8	7.6
US Treasury and Government [Member] | Other Noncurrent Assets [Member]
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-sale, Noncurrent	2.9	6
Corporate Debt Securities [Member] | Other Current Assets [Member]
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-sale, Current	0	117
Corporate Debt Securities [Member] | Other Noncurrent Assets [Member]
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-sale, Noncurrent	0	0
US States and Political Subdivisions Debt Securities [Member] | Other Current Assets [Member]
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-sale, Current	8.2	12.6
US States and Political Subdivisions Debt Securities [Member] | Other Noncurrent Assets [Member]
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-sale, Noncurrent	$ 0.1	$ 1.1

Marketable Securities Schedule

Marketable Securities Schedule of Available-for-sale Securities (Details)	9 Months Ended
	Jul. 01, 2022
Debt Securities, Available-for-sale [Line Items]
Document Period End Date	Jul. 01, 2022

Marketable Securities Contractu

Marketable Securities Contractual Maturity (Details)	9 Months Ended
	Jul. 01, 2022
Investments, Debt and Equity Securities [Abstract]
Available-for-sale Securities, Debt Maturities, Date	2 years

Fair Value (Schedule Of Financi

Fair Value (Schedule Of Financial Instruments Measured At Fair Value On Recurring Basis) (Details) - USD ($) $ in Millions	Jul. 01, 2022	Oct. 01, 2021
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]
Long-term Debt	$ 1,689.4	$ 2,235.6
Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents*	643	882.9
Assets, Fair Value Disclosure, Recurring (Deprecated 2018-01-31)	662.2	1,027.2
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents*	643	882.9
Assets, Fair Value Disclosure, Recurring (Deprecated 2018-01-31)	644.2	885.5
Fair Value, Inputs, Level 2 [Member]
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]
Long-term Debt, Fair Value	1,346.8	1,523.1
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents*	0	0
Assets, Fair Value Disclosure, Recurring (Deprecated 2018-01-31)	18	141.7
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents*	0	0
Assets, Fair Value Disclosure, Recurring (Deprecated 2018-01-31)	0	0
2023 Notes
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]
Long-term Debt	498.8	498.2
2023 Notes | Fair Value, Inputs, Level 2 [Member]
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]
Long-term Debt, Fair Value	486.4	501
2026 Notes
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]
Long-term Debt	496.6	496.2
2026 Notes | Fair Value, Inputs, Level 2 [Member]
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]
Long-term Debt, Fair Value	445.8	507.5
2031 Notes
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]
Long-term Debt	494.4	494
2031 Notes | Fair Value, Inputs, Level 2 [Member]
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]
Long-term Debt, Fair Value	414.6	514.6
Senior Notes
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]
Long-term Debt	1,489.8	1,488.4
US Treasury and Government [Member] | Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	10.9	13.6
US Treasury and Government [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	1.2	2.6
US Treasury and Government [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	9.7	11
US Treasury and Government [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	0	0
Corporate Debt Securities [Member] | Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	0	117
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	0	0
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	0	117
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	0	0
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	8.3	13.7
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	0	0
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	8.3	13.7
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	$ 0	$ 0

Inventory (Schedule Of Inventor

Inventory (Schedule Of Inventories) (Details) - USD ($) $ in Millions	Jul. 01, 2022	Oct. 01, 2021
Inventory, Net [Abstract]
Raw materials	$ 73.1	$ 62.2
Work-in-process	770.8	595.9
Finished goods	254.5	224.4
Finished goods held on consignment by customers	3.6	2.5
Total inventory	$ 1,102	$ 885

Property, Plant and Equipment_2

Property, Plant and Equipment (Schedule Of Property, Plant And Equipment) (Details) - USD ($) $ in Millions	Jul. 01, 2022	Oct. 01, 2021
Property, Plant and Equipment
Total property, plant, and equipment, gross	$ 4,049.1	$ 3,710
Accumulated depreciation	(2,441.7)	(2,208.4)
Total property, plant, and equipment, net	1,607.4	1,501.6
Land and improvements [Member]
Property, Plant and Equipment
Total property, plant, and equipment, gross	11.9	11.9
Building and improvements [Member]
Property, Plant and Equipment
Total property, plant, and equipment, gross	535.9	470.7
Furniture and fixtures [Member]
Property, Plant and Equipment
Total property, plant, and equipment, gross	70.4	60.2
Machinery and equipment [Member]
Property, Plant and Equipment
Total property, plant, and equipment, gross	3,256.3	2,990.2
Construction in progress [Member]
Property, Plant and Equipment
Total property, plant, and equipment, gross	$ 174.6	$ 177

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets (Schedule Of Intangible Assets Subject To Amortization) (Details) - USD ($) $ in Millions	9 Months Ended
	Jul. 01, 2022	Oct. 01, 2021
Finite-Lived Intangible Assets [Line Items]
Accumulated Amortization	$ (298.6)	$ (155.9)
Total intangible assets, Gross Carrying Amount	1,840.4	1,854.5
Total intangible assets, Net Carrying Amount	$ 1,541.8	1,698.6
Customer relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted Average Amortization Period (Years)	2 years 3 months 18 days
Finite-Lived Intangible Assets, Gross	$ 154.6	174.3
Accumulated Amortization	(100.6)	(44)
Net Carrying Amount	$ 54	130.3
Computer Software, Intangible Asset [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted Average Amortization Period (Years)	2 years 9 months 18 days
Finite-Lived Intangible Assets, Gross	$ 103.4	48.4
Accumulated Amortization	(37.4)	(23.9)
Net Carrying Amount	66	24.5
In Process Research and Development [Member]
Finite-Lived Intangible Assets [Line Items]
Accumulated Amortization	0	0
Indefinite-lived Intangible Assets (Excluding Goodwill)	$ 427.7	594.9
Developed Technology Rights
Finite-Lived Intangible Assets [Line Items]
Weighted Average Amortization Period (Years)	4 years 1 month 6 days
Finite-Lived Intangible Assets, Gross	$ 1,154.7	1,036.9
Accumulated Amortization	(160.6)	(88)
Net Carrying Amount	$ 994.1	$ 948.9
Developed Technology Rights | Silicon Labs Industrial and Automotive Business
Finite-Lived Intangible Assets [Line Items]
Weighted Average Amortization Period (Years)	6 years 7 months 6 days

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets (Schedule Of Expected Annual Amortization Expense Related To Intangible Assets For The Next Five Years) (Details) $ in Millions	Jul. 01, 2022 USD ($)
Finite-Lived Intangible Assets, Future Amortization Expense [Abstract]
Remaining 2019	$ 68.2
2020	164.8
2021	144
2022	119.8
Thereafter	405.1
Finite-Lived Intangible Asset, Expected Amortization, Year One	$ 212.2

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 01, 2022	Jul. 02, 2021	Jul. 01, 2022	Jul. 02, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill, Period Increase (Decrease)			$ 0
Amortization of intangibles	$ 65,900	$ 6,300	211,800	$ 23,800
Completed and transferred in-process research and development			$ 167,200

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 01, 2022	Jul. 02, 2021	Jul. 01, 2022	Jul. 02, 2021
Income Tax Disclosure [Abstract]
Document Period End Date			Jul. 01, 2022
United States income taxes	$ 35.8	$ (13.8)	$ 88.5	$ 63.7
Foreign income taxes	11	12.2	42.9	46.8
Provision (benefit) for income taxes	$ 46.8	$ (1.6)	$ 131.4	$ 110.5
Effective tax rate	14.90%	(0.50%)	11.90%	8.60%

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ in Millions	9 Months Ended
	Jul. 01, 2022	Oct. 01, 2021
Income Tax Disclosure [Abstract]
Federal statutory income tax rate	21%
Accrued income taxes, current	$ 68.6	$ 88.6

Stockholder's Equity (Share Rep

Stockholder's Equity (Share Repurchase) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions		3 Months Ended	9 Months Ended
	Jan. 26, 2023	Jul. 01, 2022	Jul. 01, 2022	Jul. 02, 2021
Equity, Class of Treasury Stock [Line Items]
Stock repurchased		$ 119.1	$ 806.5	$ 195.6
Treasury Stock, Shares, Acquired		1	5.7	1.4
Average price of stock repurchased (in dollars per share)		$ (119.07)	$ (141.30)	$ (138.85)
Remaining amount authorized fro stock repurchase		$ 1,200	$ 1,200
2021 Stock Repurchase Plan [Member]
Equity, Class of Treasury Stock [Line Items]
Authorized amount of stock for repurchase		$ 2,000	$ 2,000
Subsequent Event [Member] | 2021 Stock Repurchase Plan [Member]
Equity, Class of Treasury Stock [Line Items]
Stock repurchase program expiration date	Jan. 26, 2023

Stockholder's Equity (Dividend)

Stockholder's Equity (Dividend) (Details) - USD ($) $ / shares in Units, $ in Millions				3 Months Ended						9 Months Ended
	Sep. 15, 2022	Aug. 25, 2022	Aug. 04, 2022	Jul. 01, 2022	Apr. 01, 2022	Dec. 31, 2021	Jul. 02, 2021	Apr. 02, 2021	Jan. 01, 2021	Jul. 01, 2022	Jul. 02, 2021
Dividends Payable [Line Items]
Document Period End Date										Jul. 01, 2022
Payments of Ordinary Dividends										$ 273.7	$ 248.1
Payments of ordinary dividends				$ 90	$ 91.2	$ 92.5	$ 82.5	$ 82.6	$ 83	$ 273.7	$ 248.1
Common Stock, Dividends, Per Share, Declared				$ 0.56	$ 0.56	$ 0.56	$ 0.50	$ 0.50	$ 0.50	$ 1.68	$ 1.50
Subsequent Event [Member] | Dividend Declared [Member]
Dividends Payable [Line Items]
Dividend declaration date			Aug. 04, 2022
dividends date to be paid	Sep. 15, 2022
Dividends date of record		Aug. 25, 2022
Cash dividends declared and paid per share (usd per share)			$ 0.62

Stockholder's Equity (Share Bas

Stockholder's Equity (Share Based Compensation) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 01, 2022	Jul. 02, 2021	Jul. 01, 2022	Jul. 02, 2021
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Document Period End Date			Jul. 01, 2022
Share-based compensation expense	$ 52.1	$ 43.4	$ 158.2	$ 144.3
Cost of sales [Member]
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based compensation expense	8	4.9	22.9	24
Research and development [Member]
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based compensation expense	24.2	17.9	74.4	62.2
Selling, general and administrative [Member]
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based compensation expense	$ 19.9	$ 20.6	$ 60.9	$ 58.1

Earnings Per Share (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. 01, 2022	Apr. 01, 2022	Dec. 31, 2021	Jul. 02, 2021	Apr. 02, 2021	Jan. 01, 2021	Jul. 01, 2022	Jul. 02, 2021
Earnings Per Share [Abstract]
Net income	$ 267.3	$ 305.8	$ 399.9	$ 337.8	$ 325	$ 509.3	$ 973	$ 1,172
Weighted average shares outstanding - basic (shares)	160.9			165.1			163.3	165.2
Dilutive effect of equity based awards (shares)	0.6			1.9			0.8	1.7
Weighted average shares outstanding - diluted (shares)	161.5			167			164.1	166.9
Net income per share - basic (usd per share)	$ 1.66			$ 2.05			$ 5.96	$ 7.10
Net income per share - diluted (usd per share)	$ 1.66			$ 2.02			$ 5.93	$ 7.02
Anti-dilutive common stock equivalents (shares)	1.3			0			0.8	0

Revenue Recognition (Details)

Revenue Recognition (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 01, 2022	Jul. 02, 2021	Jul. 01, 2022	Jul. 02, 2021
Disaggregation of Revenue [Line Items]
Document Period End Date			Jul. 01, 2022
Revenues	$ 1,232.6	$ 1,116.4	$ 4,078.6	$ 3,798.2
Revenue from Contract with Customer, Excluding Assessed Tax	1,232.6	1,116.4	4,078.6	3,798.2
Sales Channel, Through Intermediary
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	947.8	982.7	3,309.3	3,396.1
Sales Channel, Directly to Consumer
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	284.8	133.7	769.3	402.1
UNITED STATES
Disaggregation of Revenue [Line Items]
Revenues	813	636	2,630.9	2,372.6
CHINA
Disaggregation of Revenue [Line Items]
Revenues	98.9	262	487.8	759.6
KOREA, REPUBLIC OF
Disaggregation of Revenue [Line Items]
Revenues	146.4	70.6	398.6	205
TAIWAN, PROVINCE OF CHINA
Disaggregation of Revenue [Line Items]
Revenues	99.7	90.4	324.3	310.6
EMEA [Member]
Disaggregation of Revenue [Line Items]
Revenues	58.3	49.5	180.6	128.7
Asia, Other [Member]
Disaggregation of Revenue [Line Items]
Revenues	$ 16.3	$ 7.9	$ 56.4	$ 21.7

Other Liabilities (Details)

Other Liabilities (Details) - USD ($) $ in Millions	Jul. 01, 2022	Oct. 01, 2021
Condensed Financial Information Disclosure [Abstract]
Accrued income taxes, current	$ 68.6	$ 88.6
Operating Lease, Liability, Current	24.5	33
Contract with Customer, Refund Liability	169	119.7
Other miscellaneous current liabilities [Line Items]	36.3	45.9
Other Accrued Liabilities, Current	298.4	287.2
Other Assets, Current	361.2	204.1
Prepaid Expense, Current	204.9	106.7
Other miscellaneous current assets	$ 156.3	$ 97.4