Whole Foods Market (WFM) 10-Q 26 Feb 16 2016 Q1 Quarterly report Financial data

Document and Entity

Document and Entity - shares	4 Months Ended
	Jan. 17, 2016	Feb. 19, 2016
Document and Entity [Abstract]
Entity Registrant Name	WHOLE FOODS MARKET INC
Entity Central Index Key	865,436
Current Fiscal Year End Date	--09-25
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Jan. 17, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Common Stock, Shares Outstanding		324,615,927

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Jan. 17, 2016	Sep. 27, 2015
Current assets:
Cash and cash equivalents	$ 679	$ 237
Short-term investments - available-for-sale securities	130	155
Restricted cash	126	127
Accounts receivable	212	218
Merchandise inventories	564	500
Prepaid expenses and other current assets	115	108
Deferred income taxes	192	199
Total current assets	2,018	1,544
Property and equipment, net of accumulated depreciation and amortization	3,201	3,163
Long-term investments - available-for-sale securities		63
Goodwill	710	710
Intangible assets, net of accumulated amortization	79	79
Deferred income taxes	185	144
Other assets	43	38
Total assets	6,236	5,741
Current liabilities:
Current installments of long-term debt and capital lease obligations	3	3
Accounts payable	278	295
Accrued payroll, bonus and other benefits due team members	411	436
Dividends payable	44	45
Other current liabilities	502	473
Total current liabilities	1,238	1,252
Long-term debt and capital lease obligations, less current installments	1,052	62
Deferred lease liabilities	597	587
Other long-term liabilities	87	71
Total liabilities	$ 2,974	$ 1,972
Commitments and contingencies
Shareholders’ equity:
Common stock, no par value, 1,200 shares authorized; 377.1 shares issued; 328.0 and 348.9 shares outstanding at 2016 and 2015, respectively	$ 2,917	$ 2,904
Common stock in treasury, at cost, 49.1 and 28.2 shares at 2016 and 2015, respectively	(1,747)	(1,124)
Accumulated other comprehensive loss	(38)	(28)
Retained earnings	2,130	2,017
Total shareholders’ equity	3,262	3,769
Total liabilities and shareholders’ equity	$ 6,236	$ 5,741

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares shares in Millions	Jan. 17, 2016	Sep. 27, 2015
Statement of Financial Position [Abstract]
Common Stock, Shares Authorized	1,200	1,200
Common Stock, Shares, Issued	377.1	377.1
Common Stock, Shares, Outstanding	328	348.9
Common Stock, No Par Value
Treasury Stock, Shares	49.1	28.2

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Millions, $ in Millions	4 Months Ended
	Jan. 17, 2016	Jan. 18, 2015
Income Statement [Abstract]
Sales	$ 4,829	$ 4,671
Cost of goods sold and occupancy costs	3,188	3,045
Gross profit	1,641	1,626
Selling, general and administrative expenses	1,373	1,330
Pre-opening expenses	13	21
Relocation, store closure and lease termination costs	3	4
Operating income	252	271
Interest expense	(7)
Investment and other income	4	3
Income before income taxes	249	274
Provision for income taxes	92	107
Net income	$ 157	$ 167
Basic earnings per share (in dollars per share)	$ 0.47	$ 0.46
Weighted average shares outstanding (in shares)	337	359.9
Diluted earnings per share (in dollars per share)	$ 0.46	$ 0.46
Weighted average shares outstanding, diluted basis (in shares)	338.2	362.2
Dividends declared per common share (in dollars per share)	$ 0.135	$ 0.130

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	4 Months Ended
	Jan. 17, 2016	Jan. 18, 2015
Statement of Comprehensive Income [Abstract]
Net income	$ 157	$ 167
Other comprehensive loss, net of tax:
Foreign currency translation adjustments	(10)	(11)
Other comprehensive loss, net of tax	(10)	(11)
Comprehensive income	$ 147	$ 156

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity - USD ($) shares in Millions, $ in Millions	Total		Common stock	Common stock in treasury	Accumulated other comprehensive loss	Retained earnings
Balances at Sep. 28, 2014	$ 3,813		$ 2,863	$ (711)	$ (7)	$ 1,668
Balances (in shares) at Sep. 28, 2014			360.4
Increase (Decrease) in Shareholders' Equity
Net income	536					536
Other comprehensive loss, net of tax	(21)				(21)
Dividends ($0.135 and $0.52 per common share for the sixteen weeks ended January 17, 2016 and fiscal year ended September 27, 2015, respectively)	(186)					(186)
Issuance of common stock pursuant to team member stock plans	66		$ (34)	100
Issuance of common stock pursuant to team member stock plans (in shares)			2.3
Purchase of treasury stock	(513)			(513)
Purchase of treasury stock (in shares)			(13.8)
Tax benefit related to exercise of team member stock options	11		$ 11
Share-based payment expense	64		64
Other	(1)					(1)
Balances at Sep. 27, 2015	$ 3,769		$ 2,904	(1,124)	(28)	2,017
Balances (in shares) at Sep. 27, 2015	348.9		348.9
Increase (Decrease) in Shareholders' Equity
Net income	$ 157					157
Other comprehensive loss, net of tax	(10)				(10)
Dividends ($0.135 and $0.52 per common share for the sixteen weeks ended January 17, 2016 and fiscal year ended September 27, 2015, respectively)	(44)	[1]				(44)
Issuance of common stock pursuant to team member stock plans	7		$ (4)	11
Issuance of common stock pursuant to team member stock plans (in shares)			0.3
Purchase of treasury stock	$ (634)			(634)
Purchase of treasury stock (in shares)	(21.2)		(21.2)
Tax benefit related to exercise of team member stock options	$ 1		$ 1
Share-based payment expense	16		16
Balances at Jan. 17, 2016	$ 3,262		$ 2,917	$ (1,747)	$ (38)	$ 2,130
Balances (in shares) at Jan. 17, 2016	328		328
[1]	Dividend accrued at January 17, 2016

Consolidated Statements of Sha7

Consolidated Statements of Shareholders' Equity (Parenthetical) - $ / shares	3 Months Ended			4 Months Ended		12 Months Ended
	Sep. 27, 2015	Jul. 05, 2015	Apr. 12, 2015	Jan. 17, 2016	Jan. 18, 2015	Sep. 27, 2015
Statement of Stockholders' Equity [Abstract]
Dividends declared per common share (in dollars per share)	$ 0.130	$ 0.130	$ 0.130	$ 0.135	$ 0.130	$ 0.52

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Millions	4 Months Ended
	Jan. 17, 2016	Jan. 18, 2015
Cash flows from operating activities
Net income	$ 157	$ 167
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	147	125
Share-based payment expense	16	19
LIFO expense	2	3
Deferred income tax benefit	(30)	(2)
Excess tax benefit related to exercise of team member stock options	(1)	(4)
Accretion of premium/discount on marketable securities	1	6
Deferred lease liabilities	8	11
Other	2	3
Net change in current assets and liabilities:
Accounts receivable	6	(6)
Merchandise inventories	(67)	(53)
Prepaid expenses and other current assets	(7)	9
Accounts payable	(16)	5
Accrued payroll, bonus and other benefits due team members	(25)	17
Other current liabilities	28	87
Net change in other long-term liabilities	11
Net cash provided by operating activities	232	387
Cash flows from investing activities
Development costs of new locations	(91)	(152)
Other property and equipment expenditures	(88)	(100)
Purchases of available-for-sale securities	(133)	(171)
Sales and maturities of available-for-sale securities	220	199
Decrease (increase) in restricted cash	1	(21)
Payment for purchase of acquired entities, net of cash acquired	(11)	(4)
Other investing activities	(6)	(2)
Net cash used in investing activities	(108)	(251)
Cash flows from financing activities
Purchases of treasury stock	(634)	(43)
Common stock dividends paid	(45)	(43)
Issuance of common stock	7	23
Excess tax benefit related to exercise of team member stock options	1	4
Proceeds from long-term borrowings	999
Proceeds from revolving line of credit	300
Payments on long-term debt and capital lease obligations	(302)
Other financing activities	(7)
Net cash provided by (used in) financing activities	319	(59)
Effect of exchange rate changes on cash and cash equivalents	(1)	(1)
Net change in cash and cash equivalents	442	76
Cash and cash equivalents at beginning of period	237	190
Cash and cash equivalents at end of period	679	266
Supplemental disclosure of cash flow information:
Federal and state income taxes paid	$ 137	$ 77

Basis of Presentation

Basis of Presentation	4 Months Ended
	Jan. 17, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	Basis of Presentation The accompanying unaudited consolidated financial statements of Whole Foods Market, Inc. and its consolidated subsidiaries (collectively “Whole Foods Market,” “Company,” or “we”) have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial statements and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. The information included in this Form 10-Q should be read in conjunction with Management’s Discussion and Analysis and the consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended September 27, 2015 . In the opinion of management, the accompanying consolidated financial statements reflect all adjustments, consisting of normal recurring accruals, considered necessary for a fair presentation. Where appropriate, we have reclassified prior year financial statements to conform to current year presentation. Interim results are not necessarily indicative of results for any other interim period or for a full fiscal year. The Company reports its results of operations on a 52 - or 53 -week fiscal year ending on the last Sunday in September. The first fiscal quarter is 16 weeks, the second and third quarters each are 12 weeks, and the fourth quarter is 12 or 13 weeks. Fiscal years 2016 and 2015 are 52 -week years. The Company has one operating segment and a single reportable segment, natural and organic foods supermarkets. The following is a summary of percentage sales by geographic area for the periods indicated: Sixteen weeks ended January 17, January 18, Sales: United States 97.1 % 96.7 % Canada and United Kingdom 2.9 3.3 Total sales 100.0 % 100.0 % The following is a summary of the percentage of net long-lived assets by geographic area as of the dates indicated: January 17, September 27, Long-lived assets, net: United States 97.6 % 97.4 % Canada and United Kingdom 2.4 2.6 Total long-lived assets, net 100.0 % 100.0 %

Summary of Significant Accounti

Summary of Significant Accounting Policies	4 Months Ended
	Jan. 17, 2016
Accounting Policies [Abstract]
Significant Accounting Policies [Text Block]	Summary of Significant Accounting Policies Recent Accounting Pronouncements Effective September 28, 2015, the Company early adopted the Financial Accounting Standards Board’s (“FASB”) Accounting Standards Update (“ASU”) No. 2015-03, “Interest – Imputation of Interest: Simplifying the Presentation of Debt Issuance Costs,” which amends the Accounting Standards Codification Subtopic 835-30. The amendments, which require that debt issuance costs related to a recognized liability be presented in the balance sheet as a direct deduction from the carrying amount of the debt liability, were adopted on a retrospective basis. The adoption of these amendments did not have a significant effect on the Company’s financial statements. The following table provides a brief description of recently issued accounting pronouncements that have not yet been adopted: Standard Description Effective Date Effect on financial statements and other significant matters ASU No. 2016-02 Leases (Topic 842) The amendments require lessees to recognize a right-of-use asset and lease liability for all leases with terms of more than 12 months. Recognition, measurement and presentation of expenses will depend on classification as a finance or operating lease. The amendments also require certain quantitative and qualitative disclosures. Accounting guidance for lessors is largely unchanged. The amendments should be applied on a modified retrospective basis. First quarter of fiscal year ending September 27, 2020 We are beginning to evaluate the impact that the adoption of these provisions will have on the Company’s consolidated financial statements. Standard Description Effective Date Effect on financial statements and other significant matters ASU No. 2016-01 Recognition and Measurement of Financial Assets and Financial Liabilities (Subtopic 825-10) The amendments address certain aspects of recognition, measurement, presentation, and disclosure of financial instruments. The amendments should be applied by means of a cumulative-effect adjustment to the balance sheet in year of adoption. First quarter of fiscal year ending September 29, 2019 We are currently evaluating the impact that the adoption of these provisions will have on the Company’s consolidated financial statements. ASU No. 2015-17 Balance Sheet Classification of Deferred Taxes (Topic 740) The amendments simplify the presentation of deferred income taxes by requiring that all deferred tax liabilities and assets be classified as noncurrent in the statement of financial position. The amendments may be applied on either a prospective or retrospective basis and early adoption is permitted. First quarter of fiscal year ending September 30, 2018 We are currently evaluating the impact that the adoption of these provisions will have on the Company’s consolidated financial statements. ASU No. 2015-16 Simplifying the Accounting for Measurement-Period Adjustments (Topic 805) The amendments require that an acquirer recognize adjustments to provisional amounts identified during the measurement period in the reporting period in which the adjustments are determined and eliminate the requirement to retrospectively revise prior periods. Additionally, an acquirer should record in the same period the effects on earnings of any changes in the provisional accounts, calculated as if the accounting had been completed at the acquisition date. The amendments should be applied on a prospective basis. First quarter of fiscal year ending September 24, 2017 We are currently evaluating the impact that the adoption of these provisions will have on the Company’s consolidated financial statements. ASU No. 2015-11 Simplifying the Measurement of Inventory (Topic 330) The amendments, which apply to inventory that is measured using any method other than the last-in, first-out (LIFO) or retail inventory method, require that entities measure inventory at the lower of cost and net realizable value. The amendments should be applied on a prospective basis. First quarter of fiscal year ending September 30, 2018 We are currently evaluating the impact that the adoption of these provisions will have on the Company’s consolidated financial statements. ASU No. 2015-05 Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement (Topic 350) The amendments provide guidance as to whether a cloud computing arrangement (e.g., software as a service, platform as a service, infrastructure as a service, and other similar hosting arrangements) includes a software license and, based on that determination, how to account for such arrangements. The amendments may be applied on either a prospective or retrospective basis and early adoption is permitted. First quarter of fiscal year ending September 24, 2017 We are currently evaluating the impact that the adoption of these provisions will have on the Company’s consolidated financial statements. ASU No. 2015-02 Amendments to the Consolidation Analysis (Topic 810) The amendments revise the consolidation analysis related to limited partnerships and similar legal entities, variable interest entities, and certain investment funds. The amendments may be applied on either a full or modified retrospective basis. First quarter of fiscal year ending September 24, 2017 We do not expect the adoption of these provisions to have a significant impact on the Company’s consolidated financial statements. ASU No. 2014-09 Revenue from Contracts with Customers (Topic 606) The core principle of the new guidance is that an entity will recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. Additionally, the guidance requires disclosures related to the nature, amount, timing, and uncertainty of revenue that is recognized. The amendments may be applied on either a full or modified retrospective basis. First quarter of fiscal year ending September 30, 2018 or fiscal year ending September 29, 2019 We are currently evaluating the timing, method, and impact that the adoption of these provisions will have on the Company’s consolidated financial statements.

Fair Value Measurements

Fair Value Measurements	4 Months Ended
	Jan. 17, 2016
Fair Value Disclosures [Abstract]
Fair Value Disclosures [Text Block]	Fair Value Measurements The Company holds money market fund investments that are classified as cash equivalents that are measured at fair value on a recurring basis based on quoted prices in active markets for identical assets. The Company also holds available-for-sale securities that are valued using a series of multi-dimensional relational models and series of matrices with standard inputs obtained from readily available pricing sources and other observable market data, such as benchmark yields and base spread. The carrying amounts of accrued payroll, bonuses and other benefits due team members, and other accrued expenses approximate fair value because of their short maturities. Store closure reserves and estimated workers’ compensation claims are recorded at net present value to approximate fair value. The Company held the following financial assets measured at fair value on a recurring basis based on the hierarchy levels indicated (in millions): January 17, 2016 Level 1 Inputs Level 2 Inputs Level 3 Inputs Total Cash equivalents: Money market fund $ 239 $ — $ — $ 239 Commercial paper — 170 — 170 Corporate bonds — 12 — 12 Marketable securities - available-for-sale: Commercial paper — 80 — 80 Corporate bonds — 10 — 10 Government agency notes — 40 — 40 Other assets: Equity interests — 8 — 8 Total $ 239 $ 320 $ — $ 559 September 27, 2015 Level 1 Inputs Level 2 Inputs Level 3 Inputs Total Cash equivalents: Money market fund $ 32 $ — $ — $ 32 Marketable securities - available-for-sale: Asset-backed securities — 13 — 13 Certificates of deposit — 2 — 2 Corporate bonds — 30 — 30 Municipal bonds — 173 — 173 Total $ 32 $ 218 $ — $ 250 The estimated fair value of the Company’s long-term debt is included in Note 8 “Long-Term Debt.”

Investments

Investments	4 Months Ended
	Jan. 17, 2016
Investments [Abstract]
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	Investments The Company holds investments primarily in marketable securities that are classified as either short- or long-term available-for-sale securities. The Company held the following investments at fair value as of the dates indicated (in millions): January 17, September 27, Short-term marketable securities - available-for-sale: Asset-backed securities $ — $ 10 Certificates of deposit — 2 Commercial paper 80 — Corporate bonds 10 15 Government agency notes 40 — Municipal bonds — 128 Total short-term marketable securities $ 130 $ 155 Long-term marketable securities - available-for-sale: Asset-backed securities $ — $ 3 Corporate bonds — 15 Municipal bonds — 45 Total long-term marketable securities $ — $ 63 Gross unrealized holding gains and losses were not material at January 17, 2016 or September 27, 2015 . Available-for-sale securities totaling approximately $30 million and $58 million were in unrealized loss positions at January 17, 2016 and September 27, 2015 , respectively. There were no available-for-sale securities in a continuous unrealized loss position for greater than 12 months at January 17, 2016 . The aggregate value of available-for-sale securities in a continuous unrealized loss position for greater than 12 months was not material at September 27, 2015 . The Company did not recognize any other-than-temporary impairments during the sixteen weeks ended January 17, 2016 or fiscal year ended September 27, 2015 . The average effective maturity of the Company’s short-term available-for-sale securities was approximately 2 months and 7 months at January 17, 2016 and September 27, 2015 , respectively. The average effective maturity of the Company’s long-term available-for-sale securities was approximately 16 months at September 27, 2015 . At January 17, 2016 and September 27, 2015 , the Company held approximately $13 million and $14 million , respectively, in equity interests which were accounted for using the cost method of accounting. In addition, the Company held approximately $8 million in equity interests which are measured at fair value at January 17, 2016 . Equity interests accounted for using the equity method were not material at January 17, 2016 or September 27, 2015 .

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	4 Months Ended
	Jan. 17, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets Disclosure [Text Block]	Goodwill and Other Intangible Assets There were no additions or adjustments to goodwill during the sixteen weeks ended January 17, 2016 . Additions and adjustments to goodwill were not material during the sixteen weeks ended January 18, 2015 . Additions of other intangible assets were not material during the sixteen weeks ended January 17, 2016 or the same period of the prior fiscal year. The components of intangible assets as of the dates indicated were as follows (in millions): January 17, 2016 September 27, 2015 Gross carrying amount Accumulated amortization Gross carrying amount Accumulated amortization Definite-lived contract-based $ 122 $ (52 ) $ 122 $ (50 ) Indefinite-lived contract-based 9 7 Total $ 131 $ (52 ) $ 129 $ (50 ) Amortization expense associated with intangible assets was not material during the sixteen weeks ended January 17, 2016 or the same period of the prior fiscal year. Future amortization expense associated with the net carrying amount of definite-lived intangible assets is estimated to be as follows (in millions): Remainder of fiscal year 2016 $ 4 Fiscal year 2017 6 Fiscal year 2018 5 Fiscal year 2019 5 Fiscal year 2020 5 Future fiscal years 45 Total $ 70

One-Time Termination Benefits

One-Time Termination Benefits	4 Months Ended
	Jan. 17, 2016
Restructuring and Related Activities [Abstract]
Restructuring and Related Activities Disclosure [Text Block]	One-Time Termination Benefits During fiscal year 2015 , the Company communicated to certain team members its plan of termination to reduce a number of positions through the first quarter of fiscal year 2016 as part of its ongoing commitment to lower prices for its customers and invest in technology upgrades while improving its cost structure. The Company recorded one-time termination benefits in the fourth quarter of fiscal year 2015 totaling $34 million , included in the “Selling, general and administrative expenses” line item on the Consolidated Statements of Operations. The plan was substantially completed during the sixteen weeks ended January 17, 2016 , and adjustments to the related restructuring charges were not material.

Reserves for Closed Properties

Reserves for Closed Properties	4 Months Ended
	Jan. 17, 2016
Restructuring and Related Activities [Abstract]
Restructuring, Impairment, and Other Activities Disclosure [Text Block]	Reserves for Closed Properties The following table provides a summary of activity in reserves for closed properties during the sixteen weeks ended January 17, 2016 and fiscal year ended September 27, 2015 (in millions): January 17, September 27, Beginning balance $ 28 $ 31 Additions 1 9 Usage (2 ) (13 ) Adjustments 1 1 Ending balance $ 28 $ 28

Long-Term Debt

Long-Term Debt	4 Months Ended
	Jan. 17, 2016
Debt Disclosure [Abstract]
Long-term Debt [Text Block]	Long-Term Debt Credit Agreement On November 2, 2015 , the Company entered into a credit facility (the “Credit Agreement”) that provides for an unsecured revolving credit facility in the aggregate principal amount of $500 million , which may be increased from time to time by up to $250 million in the aggregate pursuant to an expansion feature set forth in the Credit Agreement. The Credit Agreement also provides for a letter of credit subfacility of up to $250 million and a swingline subfacility of up to $50 million . The Credit Agreement is scheduled to mature, and the commitments thereunder will terminate, on November 2, 2020 . Under the Credit Agreement, Eurodollar borrowings bear interest at a variable rate equal to an adjusted London interbank offered rate (“Adjusted LIBO Rate”) for a one, two, three, or six month interest period , plus a margin between 1.125% to 1.750% . Other borrowings, including swingline loans, bear interest at a variable rate equal to the greatest of the Prime Rate , the Federal Funds Rate plus 0.5% , and the Adjusted LIBO Rate for a one-month interest period plus 1% , in each case plus a margin of 0.125% to 0.750% . For all borrowings, the applicable margin is based on the Company’s leverage ratio. Additionally, the Company will pay a commitment fee ranging from 0.125% to 0.300% , based on the Company’s leverage ratio, on the average daily amount of the undrawn commitments under the Credit Agreement payable quarterly . The Credit Agreement includes customary representations and warranties, certain affirmative covenants including the maintenance of certain financial ratios, certain negative covenants including limitations on additional indebtedness and payments as defined in the agreement, and events of default. At January 17, 2016 , we were in compliance with all applicable debt covenants. Subject to certain exceptions, obligations under the Credit Agreement are guaranteed by certain of the Company’s material domestic subsidiaries. During the sixteen weeks ended January 17, 2016 , the Company borrowed and repaid $300 million under the Credit Agreement. At January 17, 2016 , the Company had no amounts outstanding. Commitment fees paid on undrawn amounts were not material during the sixteen weeks ended January 17, 2016 . Senior Notes On December 3, 2015 , the Company completed the offering of $ 1.0 billion of 5.2% senior notes due 2025 (the “Notes”). The Notes were offered in the United States to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and outside the United States pursuant to Regulation S under the Securities Act. The Notes have not been registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements or a transaction not subject to the registration requirements of the Securities Act or any state securities laws. The Notes bear interest at a fixed rate equal to 5.2% per year, payable semiannually , and mature on December 3, 2025 . The interest rate payable on the Notes is subject to adjustment upon the occurrence of certain credit rating events described in the indenture. The Notes are guaranteed on an unsecured, unsubordinated basis by certain subsidiaries of the Company. The Notes are subject to customary covenants restricting the Company’s and its subsidiaries’ ability, subject to certain exceptions, to incur debt secured by liens or to enter into sale and leaseback transactions and restricting the Company’s ability to merge or consolidate with another entity or sell substantially all of its assets to another person. Prior to September 3, 2025, the Company may redeem the Notes at the Company’s option at any time either in whole or in part for a redemption price equal to 100% of the aggregate principal amount of the Notes to be redeemed plus the applicable make-whole premium, plus accrued and unpaid interest thereon. On or after September 3, 2025, the Company may redeem the Notes at the Company’s option at any time either in whole or in part for a redemption price equal to 100% of the aggregate principal amount of the Notes to be redeemed, plus accrued and unpaid interest thereon. The components of long-term debt as of the dates indicated were as follows (in millions): January 17, 2016 September 27, 2015 5.2% senior notes due 2025 $ 1,000 $ — Less: unamortized discount and debt issuance costs related to senior notes (8 ) — Carrying value of senior notes 992 — Capital lease obligations 63 65 Total long-term debt and capital lease obligations 1,055 65 Less: current installments (3 ) (3 ) Total long-term debt and capital lease obligations, less current installments $ 1,052 $ 62 The Notes are recorded at cost net of discount and issuance costs. The effective interest rate of the Notes, which includes interest on the Notes and amortization of discount and issuance costs, is approximately 5.28% . The estimated fair value of the Notes at January 17, 2016 , based on observable market prices (Level 2), exceeded the carrying value by approximately $23 million .

Income Taxes

Income Taxes	4 Months Ended
	Jan. 17, 2016
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	Income Taxes Income taxes resulted in an effective tax rate of approximately 37.0% for the sixteen weeks ended January 17, 2016 compared to approximately 39.0% for the same period of the prior fiscal year. The lower effective tax rate in the current year is due to the recognition of an environmental tax credit related to the development of a new store.

Shareholders' Equity

Shareholders' Equity	4 Months Ended
	Jan. 17, 2016
Equity [Abstract]
Stockholders' Equity Note Disclosure [Text Block]	Shareholders’ Equity Dividends per Common Share The following table provides a summary of dividends declared per common share during fiscal year 2016 to date and fiscal year 2015 (in millions, except per share amounts): Date of declaration Dividend per common share Date of record Date of payment Total amount Fiscal year 2016: November 4, 2015 (1) $ 0.135 January 15, 2016 January 26, 2016 $ 44 Fiscal year 2015: November 5, 2014 $ 0.130 January 16, 2015 January 27, 2015 $ 47 March 10, 2015 0.130 April 10, 2015 April 21, 2015 47 June 9, 2015 0.130 July 2, 2015 July 14, 2015 47 September 15, 2015 0.130 October 2, 2015 October 13, 2015 45 (1) Dividend accrued at January 17, 2016 Treasury Stock On November 4, 2015, a new share repurchase program was authorized pursuant to the authority of the Company’s Board of Directors (the “Board”) whereby the Company may make up to $1.0 billion in stock repurchases of outstanding shares of the common stock of the Company. The following table outlines the share repurchase programs authorized by the Board, and the related repurchase activity as of January 17, 2016 (in millions): Effective date Expiration date Amount authorized Cost of repurchases Authorization available August 1, 2014 August 1, 2016 $ 1,000 $ 1,000 $ — November 4, 2015 Not applicable 1,000 247 753 As of January 17, 2016 , one share repurchase program remains in effect, with the prior program having been fully utilized. Under the share repurchase program, purchases can be made from time to time using a variety of methods, which may include open market purchases. The current repurchase program does not have an expiration date and the specific timing, price and size of purchases will depend on prevailing stock prices, general economic and market conditions, and other considerations. Purchases may be made through a Rule 10b5-1 plan pursuant to pre-determined metrics set forth in such plan. The Board’s authorization of the share repurchase program does not obligate the Company to acquire any particular amount of common stock, and the program may be suspended or discontinued at any time at the Company’s discretion. Share repurchase activity for the periods indicated was as follows (in millions, except per share amounts): Sixteen weeks ended January 17, January 18, Number of common shares acquired 21.2 0.9 Average price per common share acquired $ 29.96 $ 47.39 Total cost of common shares acquired $ 634 $ 43 The Company reissued approximately 0.3 million treasury shares at cost of approximately $11 million and approximately 0.8 million treasury shares at cost of approximately $34 million to satisfy the issuance of common stock pursuant to team member stock plans during the sixteen weeks ended January 17, 2016 and January 18, 2015 , respectively. At January 17, 2016 and September 27, 2015 , the Company held in treasury approximately 49.1 million shares and 28.2 million shares, respectively, totaling approximately $1.7 billion and $1.1 billion , respectively. Subsequent to the end of the first quarter of fiscal year 2016, the Company repurchased approximately 3.5 million shares of the Company’s common stock at an average price per share of $28.88 for a total of approximately $100 million bringing the total available authorization to approximately $653 million .

Earnings per Share

Earnings per Share	4 Months Ended
	Jan. 17, 2016
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	Earnings per Share The computation of basic earnings per share is based on the number of weighted average common shares outstanding during the period. The computation of diluted earnings per share includes the dilutive effect of common stock equivalents consisting of incremental common shares deemed outstanding from the assumed exercise of stock options and the dilutive effect of restricted stock awards. A reconciliation of the numerators and denominators of the basic and diluted earnings per share calculations follows (in millions, except per share amounts): Sixteen weeks ended January 17, January 18, Net income (numerator for basic and diluted earnings per share) $ 157 $ 167 Weighted average common shares outstanding (denominator for basic earnings per share) 337.0 359.9 Incremental common shares attributable to dilutive effect of share-based awards 1.2 2.3 Weighted average common shares outstanding and potential additional common shares outstanding (denominator for diluted earnings per share) 338.2 362.2 Basic earnings per share $ 0.47 $ 0.46 Diluted earnings per share $ 0.46 $ 0.46 The computation of diluted earnings per share for the sixteen weeks ended January 17, 2016 and January 18, 2015 does not include share-based awards to purchase approximately 18.7 million shares and 10.5 million shares of common stock, respectively, due to their antidilutive effect.

Share-Based Payments

Share-Based Payments	4 Months Ended
	Jan. 17, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	Share-Based Payments Share-based payment expense, primarily included in the “Selling, general and administrative expenses” line item on the Consolidated Statements of Operations, totaled approximately $16 million and $19 million during the sixteen weeks ended January 17, 2016 and January 18, 2015 , respectively. At January 17, 2016 and September 27, 2015 , approximately 33.8 million shares and 32.9 million shares of the Company’s common stock, respectively, were available for future stock incentive grants. At January 17, 2016 and September 27, 2015 , there was approximately $77 million and $95 million of unrecognized share-based payment expense, respectively, related to unvested stock options, net of estimated forfeitures, related to approximately 11.1 million shares and 11.5 million shares, respectively. The Company anticipates this expense to be recognized over a weighted average period of 2.8 years.

Commitments and Contingencies

Commitments and Contingencies	4 Months Ended
	Jan. 17, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	Commitments and Contingencies The Company is exposed to claims and litigation matters arising in the ordinary course of business and uses various methods to resolve these matters in a manner that we believe best serves the interests of our stakeholders. From time to time we are a party to legal proceedings including matters involving shareholder claims, personnel and employment issues, personal injury, product liability, protecting our intellectual property, regulatory practices, acquisitions and other proceedings arising in the ordinary course of business. These matters have not resulted in any material losses to date. Certain litigation cases have been certified as class or collective actions and may seek substantial damages. Our primary contingencies are associated with insurance and self-insurance obligations and litigation matters. Additionally, the Company has retention agreements with certain members of Company management which provide for payments under certain circumstances including change of control. Estimation of our insurance and self-insurance liabilities requires significant judgments, and actual claim settlements and associated expenses may differ from our current provisions for loss. We have exposures to loss contingencies arising from pending or threatened litigation for which assessing and estimating the outcomes of these matters involve substantial uncertainties. The Company evaluates contingencies on an ongoing basis and has established loss provisions for matters in which losses are probable and the amount of loss can be reasonably estimated, and is not currently a party to any legal proceeding that management believes could have a material adverse effect on our results of operations. Insurance and legal settlement liabilities are included in the “Other current liabilities” line item on the Consolidated Balance Sheets. We believe the recorded reserves in our consolidated financial statements are adequate in light of the probable and estimable liabilities.

Summary of Significant Accoun22

Summary of Significant Accounting Policies (Policies)	4 Months Ended
	Jan. 17, 2016
Accounting Policies [Abstract]
Fiscal Period, Policy [Policy Text Block]	The Company reports its results of operations on a 52 - or 53 -week fiscal year ending on the last Sunday in September. The first fiscal quarter is 16 weeks, the second and third quarters each are 12 weeks, and the fourth quarter is 12 or 13 weeks. Fiscal years 2016 and 2015 are 52 -week years.
New Accounting Pronouncements, Policy [Policy Text Block]	Standard Description Effective Date Effect on financial statements and other significant matters ASU No. 2016-02 Leases (Topic 842) The amendments require lessees to recognize a right-of-use asset and lease liability for all leases with terms of more than 12 months. Recognition, measurement and presentation of expenses will depend on classification as a finance or operating lease. The amendments also require certain quantitative and qualitative disclosures. Accounting guidance for lessors is largely unchanged. The amendments should be applied on a modified retrospective basis. First quarter of fiscal year ending September 27, 2020 We are beginning to evaluate the impact that the adoption of these provisions will have on the Company’s consolidated financial statements. Standard Description Effective Date Effect on financial statements and other significant matters ASU No. 2016-01 Recognition and Measurement of Financial Assets and Financial Liabilities (Subtopic 825-10) The amendments address certain aspects of recognition, measurement, presentation, and disclosure of financial instruments. The amendments should be applied by means of a cumulative-effect adjustment to the balance sheet in year of adoption. First quarter of fiscal year ending September 29, 2019 We are currently evaluating the impact that the adoption of these provisions will have on the Company’s consolidated financial statements. ASU No. 2015-17 Balance Sheet Classification of Deferred Taxes (Topic 740) The amendments simplify the presentation of deferred income taxes by requiring that all deferred tax liabilities and assets be classified as noncurrent in the statement of financial position. The amendments may be applied on either a prospective or retrospective basis and early adoption is permitted. First quarter of fiscal year ending September 30, 2018 We are currently evaluating the impact that the adoption of these provisions will have on the Company’s consolidated financial statements. ASU No. 2015-16 Simplifying the Accounting for Measurement-Period Adjustments (Topic 805) The amendments require that an acquirer recognize adjustments to provisional amounts identified during the measurement period in the reporting period in which the adjustments are determined and eliminate the requirement to retrospectively revise prior periods. Additionally, an acquirer should record in the same period the effects on earnings of any changes in the provisional accounts, calculated as if the accounting had been completed at the acquisition date. The amendments should be applied on a prospective basis. First quarter of fiscal year ending September 24, 2017 We are currently evaluating the impact that the adoption of these provisions will have on the Company’s consolidated financial statements. ASU No. 2015-11 Simplifying the Measurement of Inventory (Topic 330) The amendments, which apply to inventory that is measured using any method other than the last-in, first-out (LIFO) or retail inventory method, require that entities measure inventory at the lower of cost and net realizable value. The amendments should be applied on a prospective basis. First quarter of fiscal year ending September 30, 2018 We are currently evaluating the impact that the adoption of these provisions will have on the Company’s consolidated financial statements. ASU No. 2015-05 Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement (Topic 350) The amendments provide guidance as to whether a cloud computing arrangement (e.g., software as a service, platform as a service, infrastructure as a service, and other similar hosting arrangements) includes a software license and, based on that determination, how to account for such arrangements. The amendments may be applied on either a prospective or retrospective basis and early adoption is permitted. First quarter of fiscal year ending September 24, 2017 We are currently evaluating the impact that the adoption of these provisions will have on the Company’s consolidated financial statements. ASU No. 2015-02 Amendments to the Consolidation Analysis (Topic 810) The amendments revise the consolidation analysis related to limited partnerships and similar legal entities, variable interest entities, and certain investment funds. The amendments may be applied on either a full or modified retrospective basis. First quarter of fiscal year ending September 24, 2017 We do not expect the adoption of these provisions to have a significant impact on the Company’s consolidated financial statements. ASU No. 2014-09 Revenue from Contracts with Customers (Topic 606) The core principle of the new guidance is that an entity will recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. Additionally, the guidance requires disclosures related to the nature, amount, timing, and uncertainty of revenue that is recognized. The amendments may be applied on either a full or modified retrospective basis. First quarter of fiscal year ending September 30, 2018 or fiscal year ending September 29, 2019 We are currently evaluating the timing, method, and impact that the adoption of these provisions will have on the Company’s consolidated financial statements.
Fair Value of Financial Instruments, Policy [Policy Text Block]	The Company holds money market fund investments that are classified as cash equivalents that are measured at fair value on a recurring basis based on quoted prices in active markets for identical assets. The Company also holds available-for-sale securities that are valued using a series of multi-dimensional relational models and series of matrices with standard inputs obtained from readily available pricing sources and other observable market data, such as benchmark yields and base spread. The carrying amounts of accrued payroll, bonuses and other benefits due team members, and other accrued expenses approximate fair value because of their short maturities. Store closure reserves and estimated workers’ compensation claims are recorded at net present value to approximate fair value.
Earnings Per Share, Policy [Policy Text Block]	The computation of basic earnings per share is based on the number of weighted average common shares outstanding during the period. The computation of diluted earnings per share includes the dilutive effect of common stock equivalents consisting of incremental common shares deemed outstanding from the assumed exercise of stock options and the dilutive effect of restricted stock awards.

Basis of Presentation (Tables)

Basis of Presentation (Tables)	4 Months Ended
	Jan. 17, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Entity Wide Information Geographic Area Revenue [Table Text Block]	The following is a summary of percentage sales by geographic area for the periods indicated: Sixteen weeks ended January 17, January 18, Sales: United States 97.1 % 96.7 % Canada and United Kingdom 2.9 3.3 Total sales 100.0 % 100.0 %
Schedule of Entity Wide Information Geographic Area Long-Lived Assets [Table Text Block]	The following is a summary of the percentage of net long-lived assets by geographic area as of the dates indicated: January 17, September 27, Long-lived assets, net: United States 97.6 % 97.4 % Canada and United Kingdom 2.4 2.6 Total long-lived assets, net 100.0 % 100.0 %

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	4 Months Ended
	Jan. 17, 2016
Fair Value Disclosures [Abstract]
Fair Value, Assets Measured on Recurring Basis [Table Text Block]	The Company held the following financial assets measured at fair value on a recurring basis based on the hierarchy levels indicated (in millions): January 17, 2016 Level 1 Inputs Level 2 Inputs Level 3 Inputs Total Cash equivalents: Money market fund $ 239 $ — $ — $ 239 Commercial paper — 170 — 170 Corporate bonds — 12 — 12 Marketable securities - available-for-sale: Commercial paper — 80 — 80 Corporate bonds — 10 — 10 Government agency notes — 40 — 40 Other assets: Equity interests — 8 — 8 Total $ 239 $ 320 $ — $ 559 September 27, 2015 Level 1 Inputs Level 2 Inputs Level 3 Inputs Total Cash equivalents: Money market fund $ 32 $ — $ — $ 32 Marketable securities - available-for-sale: Asset-backed securities — 13 — 13 Certificates of deposit — 2 — 2 Corporate bonds — 30 — 30 Municipal bonds — 173 — 173 Total $ 32 $ 218 $ — $ 250

Investments (Tables)

Investments (Tables)	4 Months Ended
	Jan. 17, 2016
Investments [Abstract]
Marketable Securities [Table Text Block]	The Company held the following investments at fair value as of the dates indicated (in millions): January 17, September 27, Short-term marketable securities - available-for-sale: Asset-backed securities $ — $ 10 Certificates of deposit — 2 Commercial paper 80 — Corporate bonds 10 15 Government agency notes 40 — Municipal bonds — 128 Total short-term marketable securities $ 130 $ 155 Long-term marketable securities - available-for-sale: Asset-backed securities $ — $ 3 Corporate bonds — 15 Municipal bonds — 45 Total long-term marketable securities $ — $ 63

Goodwill and Other Intangible26

Goodwill and Other Intangible Assets (Tables)	4 Months Ended
	Jan. 17, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Finite-Lived And Indefinite-Lived Intangible Assets by Major Class [Table Text Block]	The components of intangible assets as of the dates indicated were as follows (in millions): January 17, 2016 September 27, 2015 Gross carrying amount Accumulated amortization Gross carrying amount Accumulated amortization Definite-lived contract-based $ 122 $ (52 ) $ 122 $ (50 ) Indefinite-lived contract-based 9 7 Total $ 131 $ (52 ) $ 129 $ (50 )
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	Future amortization expense associated with the net carrying amount of definite-lived intangible assets is estimated to be as follows (in millions): Remainder of fiscal year 2016 $ 4 Fiscal year 2017 6 Fiscal year 2018 5 Fiscal year 2019 5 Fiscal year 2020 5 Future fiscal years 45 Total $ 70

Reserves for Closed Properties

Reserves for Closed Properties (Tables)	4 Months Ended
	Jan. 17, 2016
Restructuring and Related Activities [Abstract]
Schedule of Restructuring Reserve by Type of Cost [Table Text Block]	The following table provides a summary of activity in reserves for closed properties during the sixteen weeks ended January 17, 2016 and fiscal year ended September 27, 2015 (in millions): January 17, September 27, Beginning balance $ 28 $ 31 Additions 1 9 Usage (2 ) (13 ) Adjustments 1 1 Ending balance $ 28 $ 28

Long-Term Debt (Tables)

Long-Term Debt (Tables)	4 Months Ended
	Jan. 17, 2016
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments [Table Text Block]	The components of long-term debt as of the dates indicated were as follows (in millions): January 17, 2016 September 27, 2015 5.2% senior notes due 2025 $ 1,000 $ — Less: unamortized discount and debt issuance costs related to senior notes (8 ) — Carrying value of senior notes 992 — Capital lease obligations 63 65 Total long-term debt and capital lease obligations 1,055 65 Less: current installments (3 ) (3 ) Total long-term debt and capital lease obligations, less current installments $ 1,052 $ 62

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	4 Months Ended
	Jan. 17, 2016
Equity [Abstract]
Dividends Declared [Table Text Block]	The following table provides a summary of dividends declared per common share during fiscal year 2016 to date and fiscal year 2015 (in millions, except per share amounts): Date of declaration Dividend per common share Date of record Date of payment Total amount Fiscal year 2016: November 4, 2015 (1) $ 0.135 January 15, 2016 January 26, 2016 $ 44 Fiscal year 2015: November 5, 2014 $ 0.130 January 16, 2015 January 27, 2015 $ 47 March 10, 2015 0.130 April 10, 2015 April 21, 2015 47 June 9, 2015 0.130 July 2, 2015 July 14, 2015 47 September 15, 2015 0.130 October 2, 2015 October 13, 2015 45 (1) Dividend accrued at January 17, 2016
Schedule of Share Repurchase Programs [Table Text Block]	The following table outlines the share repurchase programs authorized by the Board, and the related repurchase activity as of January 17, 2016 (in millions): Effective date Expiration date Amount authorized Cost of repurchases Authorization available August 1, 2014 August 1, 2016 $ 1,000 $ 1,000 $ — November 4, 2015 Not applicable 1,000 247 753
Schedule of Shares Repurchased [Table Text Block]	Share repurchase activity for the periods indicated was as follows (in millions, except per share amounts): Sixteen weeks ended January 17, January 18, Number of common shares acquired 21.2 0.9 Average price per common share acquired $ 29.96 $ 47.39 Total cost of common shares acquired $ 634 $ 43

Earnings per Share (Tables)

Earnings per Share (Tables)	4 Months Ended
	Jan. 17, 2016
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	A reconciliation of the numerators and denominators of the basic and diluted earnings per share calculations follows (in millions, except per share amounts): Sixteen weeks ended January 17, January 18, Net income (numerator for basic and diluted earnings per share) $ 157 $ 167 Weighted average common shares outstanding (denominator for basic earnings per share) 337.0 359.9 Incremental common shares attributable to dilutive effect of share-based awards 1.2 2.3 Weighted average common shares outstanding and potential additional common shares outstanding (denominator for diluted earnings per share) 338.2 362.2 Basic earnings per share $ 0.47 $ 0.46 Diluted earnings per share $ 0.46 $ 0.46

Basis of Presentation (Narrativ

Basis of Presentation (Narrative) (Details) - Segment	4 Months Ended	12 Months Ended
	Jan. 17, 2016	Sep. 27, 2015
Organization Consolidation and Presentation [Line Items]
Number of Operating Segments	1
Number of Reportable Segments	1
Fiscal Year [Member]
Organization Consolidation and Presentation [Line Items]
Fiscal Period Duration	364 days	364 days
Fiscal Year [Member] | Minimum [Member]
Organization Consolidation and Presentation [Line Items]
Fiscal Period Duration	364 days
Fiscal Year [Member] | Maximum [Member]
Organization Consolidation and Presentation [Line Items]
Fiscal Period Duration	371 days
First Quarter [Member]
Organization Consolidation and Presentation [Line Items]
Fiscal Period Duration	112 days
Second Quarter [Member]
Organization Consolidation and Presentation [Line Items]
Fiscal Period Duration	84 days
Third Quarter [Member]
Organization Consolidation and Presentation [Line Items]
Fiscal Period Duration	84 days
Fourth Quarter [Member] | Minimum [Member]
Organization Consolidation and Presentation [Line Items]
Fiscal Period Duration	84 days
Fourth Quarter [Member] | Maximum [Member]
Organization Consolidation and Presentation [Line Items]
Fiscal Period Duration	91 days

Basis of Presentation (Percenta

Basis of Presentation (Percentage Sales by Geographic Area) (Details)	4 Months Ended
	Jan. 17, 2016	Jan. 18, 2015
Percentage sales by geographic area
Percentage of Total Sales	100.00%	100.00%
United States [Member]
Percentage sales by geographic area
Percentage of Total Sales	97.10%	96.70%
Canada and United Kingdom [Member]
Percentage sales by geographic area
Percentage of Total Sales	2.90%	3.30%

Basis of Presentation (Percen33

Basis of Presentation (Percentage of Net Long-Lived Assets by Geographic Area) (Details)	Jan. 17, 2016	Sep. 27, 2015
Percentage net long-lived assets by geographic area
Percentage of Total Net Long-Lived Assets	100.00%	100.00%
United States [Member]
Percentage net long-lived assets by geographic area
Percentage of Total Net Long-Lived Assets	97.60%	97.40%
Canada and United Kingdom [Member]
Percentage net long-lived assets by geographic area
Percentage of Total Net Long-Lived Assets	2.40%	2.60%

Fair Value Measurements (Fair V

Fair Value Measurements (Fair Value Hierarchy) (Details) - Fair value, Measurements, Recurring [Member] - USD ($) $ in Millions	Jan. 17, 2016	Sep. 27, 2015
Assets, Fair Value Disclosure [Abstract]
Total	$ 559	$ 250
Level 1 Inputs [Member]
Assets, Fair Value Disclosure [Abstract]
Total	239	32
Level 2 Inputs [Member]
Assets, Fair Value Disclosure [Abstract]
Total	320	218
Money Market Funds [Member]
Assets, Fair Value Disclosure [Abstract]
Cash Equivalents, Fair Value Disclosure	239	32
Money Market Funds [Member] | Level 1 Inputs [Member]
Assets, Fair Value Disclosure [Abstract]
Cash Equivalents, Fair Value Disclosure	239	32
Commercial Paper [Member]
Assets, Fair Value Disclosure [Abstract]
Cash Equivalents, Fair Value Disclosure	170
Marketable Securities - Available-for-sale	80
Commercial Paper [Member] | Level 2 Inputs [Member]
Assets, Fair Value Disclosure [Abstract]
Cash Equivalents, Fair Value Disclosure	170
Marketable Securities - Available-for-sale	80
Asset-backed Securities [Member]
Assets, Fair Value Disclosure [Abstract]
Marketable Securities - Available-for-sale		13
Asset-backed Securities [Member] | Level 2 Inputs [Member]
Assets, Fair Value Disclosure [Abstract]
Marketable Securities - Available-for-sale		13
Certificates of Deposit [Member]
Assets, Fair Value Disclosure [Abstract]
Marketable Securities - Available-for-sale		2
Certificates of Deposit [Member] | Level 2 Inputs [Member]
Assets, Fair Value Disclosure [Abstract]
Marketable Securities - Available-for-sale		2
Corporate Debt Securities [Member]
Assets, Fair Value Disclosure [Abstract]
Cash Equivalents, Fair Value Disclosure	12
Marketable Securities - Available-for-sale	10	30
Corporate Debt Securities [Member] | Level 2 Inputs [Member]
Assets, Fair Value Disclosure [Abstract]
Cash Equivalents, Fair Value Disclosure	12
Marketable Securities - Available-for-sale	10	30
US Government-sponsored Enterprises Debt Securities [Member]
Assets, Fair Value Disclosure [Abstract]
Marketable Securities - Available-for-sale	40
US Government-sponsored Enterprises Debt Securities [Member] | Level 2 Inputs [Member]
Assets, Fair Value Disclosure [Abstract]
Marketable Securities - Available-for-sale	40
Municipal Notes Bonds [Member]
Assets, Fair Value Disclosure [Abstract]
Marketable Securities - Available-for-sale		173
Municipal Notes Bonds [Member] | Level 2 Inputs [Member]
Assets, Fair Value Disclosure [Abstract]
Marketable Securities - Available-for-sale		$ 173
Equity Interests [Member]
Assets, Fair Value Disclosure [Abstract]
Other Assets, Fair Value Disclosure	8
Equity Interests [Member] | Level 2 Inputs [Member]
Assets, Fair Value Disclosure [Abstract]
Other Assets, Fair Value Disclosure	$ 8

Investments (Investments at Fai

Investments (Investments at Fair Value) (Details) - USD ($) $ in Millions	Jan. 17, 2016	Sep. 27, 2015
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Current	$ 130	$ 155
Available-for-sale Securities, Noncurrent		63
Asset-backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Current		10
Available-for-sale Securities, Noncurrent		3
Certificates of Deposit [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Current		2
Commercial Paper [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Current	80
Corporate Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Current	10	15
Available-for-sale Securities, Noncurrent		15
US Government-sponsored Enterprises Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Current	$ 40
Municipal Notes [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Current		128
Municipal Bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Noncurrent		$ 45

Investments (Narrative) (Detail

Investments (Narrative) (Details) - USD ($) $ in Millions	4 Months Ended	12 Months Ended
	Jan. 17, 2016	Sep. 27, 2015
Investments [Abstract]
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	$ 30	$ 58
Short-term Investments Average Effective Maturity Period (in months)	2 months	7 months
Long-term Investments Average Effective Maturity Period (in months)		16 months
Cost Method Investments	$ 13	$ 14
Equity Interests at Fair Value	$ 8

Goodwill and Other Intangible37

Goodwill and Other Intangible Assets (Components of Intangible Assets) (Details) - USD ($) $ in Millions	Jan. 17, 2016	Sep. 27, 2015
Finite and Indefinite-Lived Intangible Assets [Line Items]
Finite and Indefinite-Lived Intangible Assets, Gross	$ 131	$ 129
Finite-Lived Intangible Assets, Accumulated Amortization	(52)	(50)
Contract-Based Intangible Assets [Member]
Finite and Indefinite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	122	122
Indefinite-Lived Intangible Assets	9	7
Finite-Lived Intangible Assets, Accumulated Amortization	$ (52)	$ (50)

Goodwill and Other Intangible38

Goodwill and Other Intangible Assets (Future Amortization Expense) (Details) $ in Millions	Jan. 17, 2016USD ($)
Finite-Lived Intangible Assets, Amortization Expense, Maturity Schedule [Abstract]
Finite-Lived Intangible Assets, Amortization Expense, Remainder of Fiscal Year	$ 4
Finite-Lived Intangible Assets, Amortization Expense, Year Two	6
Finite-Lived Intangible Assets, Amortization Expense, Year Three	5
Finite-Lived Intangible Assets, Amortization Expense, Year Four	5
Finite-Lived Intangible Assets, Amortization Expense, Year Five	5
Finite-Lived Intangible Assets, Amortization Expense, after Year Five	45
Finite-Lived Intangible Assets, Future Amortization Expense	$ 70

One-Time Termination Benefits (

One-Time Termination Benefits (Narrative) (Details) $ in Millions	3 Months Ended
	Sep. 27, 2015USD ($)
Selling, General and Administrative Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Incurred Cost	$ 34

Reserves for Closed Propertie40

Reserves for Closed Properties (Reserves for Closed Properties) (Details) - USD ($) $ in Millions	4 Months Ended	12 Months Ended
	Jan. 17, 2016	Sep. 27, 2015
Restructuring Reserve [Roll Forward]
Beginning Balance	$ 28	$ 31
Additions	1	9
Usage	(2)	(13)
Adjustments	1	1
Ending Balance	$ 28	$ 28

Long-Term Debt (Credit Agreemen

Long-Term Debt (Credit Agreement) (Narrative) (Details) $ in Millions	4 Months Ended
	Jan. 17, 2016USD ($)
Line of Credit Facility [Line Items]
Proceeds from Revolving Line of Credit	$ 300
Repayments of Revolving Line of Credit	300
Revolving Line of Credit	$ 0
Unsecured Debt [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Initiation Date	Nov. 2, 2015
Line of Credit Facility, Expiration Date	Nov. 2, 2020
Unsecured Debt [Member] | Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 500
Conditional Additional Borrowing Capacity Under Line of Credit Facility	$ 250
Line of Credit Facility, Frequency of Commitment Fee Payment	quarterly
Unsecured Debt [Member] | Revolving Credit Facility [Member] | Minimum [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Commitment Fee Percentage	0.125%
Unsecured Debt [Member] | Revolving Credit Facility [Member] | Maximum [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Commitment Fee Percentage	0.30%
Unsecured Debt [Member] | Letter of Credit [Member]
Line of Credit Facility [Line Items]
Conditional Additional Borrowing Capacity Under Line of Credit Facility	$ 250
Unsecured Debt [Member] | Swingline Loan [Member]
Line of Credit Facility [Line Items]
Conditional Additional Borrowing Capacity Under Line of Credit Facility	$ 50
Unsecured Debt [Member] | Eurodollar [Member] | Adjusted LIBO Rate [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Description of Variable Rate Basis	adjusted London interbank offered rate (“Adjusted LIBO Rate”) for a one, two, three, or six month interest period
Unsecured Debt [Member] | Eurodollar [Member] | Minimum [Member] | Adjusted LIBO Rate [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.125%
Unsecured Debt [Member] | Eurodollar [Member] | Maximum [Member] | Adjusted LIBO Rate [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.75%
Unsecured Debt [Member] | Non Eurodollar Borrowings [Member] | Prime Rate [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Description of Variable Rate Basis	Prime Rate
Unsecured Debt [Member] | Non Eurodollar Borrowings [Member] | Federal Funds Rate plus 0.5% [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Description of Variable Rate Basis	Federal Funds Rate plus 0.5%
Unsecured Debt [Member] | Non Eurodollar Borrowings [Member] | Adjusted LIBO Rate for a one-month interest period plus 1% [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Description of Variable Rate Basis	Adjusted LIBO Rate for a one-month interest period plus 1%
Unsecured Debt [Member] | Non Eurodollar Borrowings [Member] | Minimum [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate	0.125%
Unsecured Debt [Member] | Non Eurodollar Borrowings [Member] | Maximum [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate	0.75%

Long-Term Debt (Senior Notes) (

Long-Term Debt (Senior Notes) (Narrative) (Details) $ in Millions	4 Months Ended
	Jan. 17, 2016USD ($)
Unsecured Debt [Member] | 5.2% Senior Notes due 2025 [Member]
Debt Instrument [Line Items]
Debt Instrument, Issuance Date	Dec. 3, 2015
Debt Instrument, Face Amount	$ 1,000
Debt Instrument, Interest Rate, Stated Percentage	5.20%
Debt Instrument, Frequency of Interest Payment	semiannually
Debt Instrument, Maturity Date	Dec. 3, 2025
Debt Instrument, Interest Rate During Period	5.28%
Fair Value, Debt Instrument, Difference in Fair Value to Carrying Value	$ 23
Debt Instrument, Redemption, Period One [Member]
Debt Instrument [Line Items]
Debt Instrument, Redemption Period, Start Date	Dec. 3, 2015
Debt Instrument, Redemption Period, End Date	Sep. 2, 2025
Debt Instrument, Redemption, Description	Prior to September 3, 2025, the Company may redeem the Notes at the Company’s option at any time either in whole or in part for a redemption price equal to 100% of the aggregate principal amount of the Notes to be redeemed plus the applicable make-whole premium, plus accrued and unpaid interest thereon.
Debt Instrument, Redemption, Period Two [Member]
Debt Instrument [Line Items]
Debt Instrument, Redemption Period, Start Date	Sep. 3, 2025
Debt Instrument, Redemption Period, End Date	Dec. 3, 2025
Debt Instrument, Redemption, Description	On or after September 3, 2025, the Company may redeem the Notes at the Company’s option at any time either in whole or in part for a redemption price equal to 100% of the aggregate principal amount of the Notes to be redeemed, plus accrued and unpaid interest thereon.

Long-Term Debt (Schedule of Lon

Long-Term Debt (Schedule of Long-Term Debt) (Details) - USD ($) $ in Millions	Jan. 17, 2016	Sep. 27, 2015
Debt Instrument [Line Items]
Total Long-Term Debt and Capital Lease Obligations	$ 1,055	$ 65
Less: Current Installments	(3)	(3)
Total Long-Term Debt and Capital Lease Obligations, Less Current Installments	1,052	62
Unsecured Debt [Member] | 5.2% Senior Notes due 2025 [Member]
Debt Instrument [Line Items]
5.2% Senior Notes due 2025	1,000
Less: Unamortized Discount and Debt Issuance Costs Related to Senior Notes	(8)
Carrying Value of Senior Notes	992
Capital Lease Obligations [Member]
Debt Instrument [Line Items]
Capital Lease Obligations	$ 63	$ 65

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details)	4 Months Ended
	Jan. 17, 2016	Jan. 18, 2015
Income Tax Disclosure [Abstract]
Effective Tax Rate, Percent	37.00%	39.00%

Shareholders' Equity (Dividends

Shareholders' Equity (Dividends Declared per Common Share) (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended			4 Months Ended			12 Months Ended
	Sep. 27, 2015	Jul. 05, 2015	Apr. 12, 2015	Jan. 17, 2016		Jan. 18, 2015	Sep. 27, 2015
Dividends Per Common Share [Abstract]
Dividends Payable, Date Declared	Sep. 15, 2015	Jun. 9, 2015	Mar. 10, 2015	Nov. 4, 2015		Nov. 5, 2014
Dividends declared per common share (in dollars per share)	$ 0.130	$ 0.130	$ 0.130	$ 0.135		$ 0.130	$ 0.52
Dividends Payable, Date of Record	Oct. 2, 2015	Jul. 2, 2015	Apr. 10, 2015	Jan. 15, 2016		Jan. 16, 2015
Dividends Payable, Date to be Paid	Oct. 13, 2015	Jul. 14, 2015	Apr. 21, 2015	Jan. 26, 2016		Jan. 27, 2015
Dividends, Common Stock, Cash	$ 45	$ 47	$ 47	$ 44	[1]	$ 47	$ 186
[1]	Dividend accrued at January 17, 2016

Shareholders' Equity (Share Rep

Shareholders' Equity (Share Repurchase Programs) (Details) $ in Millions	4 Months Ended
	Jan. 17, 2016USD ($)
Aug. 1, 2014 Share Repurchase Program [Member]
Stock Repurchase Program Expiration Date	Aug. 1, 2016
Stock Repurchase Program, Authorized Amount	$ 1,000
Stock Repurchase Program, Amount Utilized For Repurchases	1,000
Stock Repurchase Program, Remaining Authorized Repurchase Amount	0
Nov. 4, 2015 Share Repurchase Program [Member]
Stock Repurchase Program, Authorized Amount	1,000
Stock Repurchase Program, Amount Utilized For Repurchases	247
Stock Repurchase Program, Remaining Authorized Repurchase Amount	$ 753

Shareholders' Equity (Share R47

Shareholders' Equity (Share Repurchase Activity) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	4 Months Ended		12 Months Ended
	Jan. 17, 2016	Jan. 18, 2015	Sep. 27, 2015
Equity [Abstract]
Treasury Stock, Shares, Acquired	21.2	0.9
Treasury Stock Acquired, Average Cost Per Share	$ 29.96	$ 47.39
Treasury Stock, Value, Acquired, Cost Method	$ 634	$ 43	$ 513

Shareholders' Equity (Narrative

Shareholders' Equity (Narrative) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	Jan. 28, 2016	Jan. 17, 2016	Jan. 18, 2015	Sep. 27, 2015
Treasury Stock [Abstract]
Treasury Stock Reissued During Period, Shares		0.3	0.8
Treasury Stock Reissued During Period, Value		$ 11	$ 34
Treasury Stock, Shares		49.1		28.2
Treasury Stock, Value		$ 1,747		$ 1,124
Treasury Stock, Shares, Acquired		21.2	0.9
Treasury Stock Acquired, Average Cost Per Share		$ 29.96	$ 47.39
Treasury Stock, Value, Acquired, Cost Method		$ 634	$ 43	$ 513
Subsequent Event [Member]
Treasury Stock [Abstract]
Treasury Stock, Shares, Acquired	3.5
Treasury Stock Acquired, Average Cost Per Share	$ 28.88
Treasury Stock, Value, Acquired, Cost Method	$ 100
Nov. 4, 2015 Share Repurchase Program [Member]
Treasury Stock [Abstract]
Stock Repurchase Program, Remaining Authorized Repurchase Amount		$ 753
Nov. 4, 2015 Share Repurchase Program [Member] | Subsequent Event [Member]
Treasury Stock [Abstract]
Stock Repurchase Program, Remaining Authorized Repurchase Amount	$ 653

Earnings per Share (Earnings pe

Earnings per Share (Earnings per Share Reconciliation) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	4 Months Ended		12 Months Ended
	Jan. 17, 2016	Jan. 18, 2015	Sep. 27, 2015
Earnings Per Share Reconciliation [Abstract]
Net Income	$ 157	$ 167	$ 536
Weighted Average Number of Shares Outstanding, Basic	337	359.9
Weighted Average Number of Shares Outstanding, Diluted	338.2	362.2
Basic earnings per share (in dollars per share)	$ 0.47	$ 0.46
Diluted earnings per share (in dollars per share)	$ 0.46	$ 0.46
Potential common shares outstanding [Abstract]
Incremental Common Shares Attributable to Dilutive Effect of Share-based Awards	1.2	2.3

Earnings per Share (Narrative)

Earnings per Share (Narrative) (Details) - shares shares in Millions	4 Months Ended
	Jan. 17, 2016	Jan. 18, 2015
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	18.7	10.5

Share-Based Payments (Narrative

Share-Based Payments (Narrative) (Details) - USD ($) shares in Millions, $ in Millions	4 Months Ended
	Jan. 17, 2016	Jan. 18, 2015	Sep. 27, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Payment Expense	$ 16	$ 19
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	33.8		32.9
Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Stock Options	$ 77		$ 95
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Number of Shares	11.1		11.5
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	2 years 9 months 7 days