Whole Foods Market (WFM) 10-Q 16 Feb 17 2017 Q1 Quarterly report Financial data

Document and Entity

Document and Entity - shares	4 Months Ended
	Jan. 15, 2017	Feb. 10, 2017
Document and Entity [Abstract]
Entity Registrant Name	WHOLE FOODS MARKET INC
Entity Central Index Key	865,436
Document Type	10-Q
Entity Filer Category	Large Accelerated Filer
Current Fiscal Year End Date	--09-24
Document Period End Date	Jan. 15, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Common Stock, Shares Outstanding		318,564,535

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Jan. 15, 2017	Sep. 25, 2016
Current assets:
Cash and cash equivalents	$ 350	$ 351
Short-term investments - available-for-sale securities	374	379
Restricted cash	125	122
Accounts receivable	251	242
Merchandise inventories	554	517
Prepaid expenses and other current assets	123	167
Deferred income taxes	210	197
Total current assets	1,987	1,975
Property and equipment, net of accumulated depreciation and amortization	3,460	3,442
Goodwill	710	710
Intangible assets, net of accumulated amortization	72	74
Deferred income taxes	111	100
Other assets	42	40
Total assets	6,382	6,341
Current liabilities:
Current installments of long-term debt and capital lease obligations	3	3
Accounts payable	288	307
Accrued payroll, bonus and other benefits due team members	421	407
Dividends payable	45	43
Other current liabilities	543	581
Total current liabilities	1,300	1,341
Long-term debt and capital lease obligations, less current installments	1,048	1,048
Deferred lease liabilities	653	640
Other long-term liabilities	89	88
Total liabilities	3,090	3,117
Commitments and contingencies
Shareholders’ equity:
Common stock, no par value, 1,200 shares authorized; 377.0 shares issued; 318.5 and 318.3 shares outstanding at 2017 and 2016, respectively	2,944	2,933
Common stock in treasury, at cost, 58.5 and 58.7 shares at 2017 and 2016, respectively	(2,018)	(2,026)
Accumulated other comprehensive loss	(33)	(32)
Retained earnings	2,399	2,349
Total shareholders’ equity	3,292	3,224
Total liabilities and shareholders’ equity	$ 6,382	$ 6,341

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Jan. 15, 2017	Sep. 25, 2016
Statement of Financial Position [Abstract]
Common Stock, Shares Authorized	1,200,000,000	1,200,000,000
Common Stock, Shares, Issued	377,000,000	377,000,000
Common Stock, Shares, Outstanding	318,500,000	318,300,000
Common Stock, No Par Value
Treasury Stock, Shares	58,500,000	58,700,000

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Millions, $ in Millions	3 Months Ended			4 Months Ended		12 Months Ended
	Sep. 25, 2016	Jul. 03, 2016	Apr. 10, 2016	Jan. 15, 2017	Jan. 17, 2016	Sep. 25, 2016
Income Statement [Abstract]
Sales				$ 4,918	$ 4,829
Cost of goods sold and occupancy costs				3,268	3,188
Gross profit				1,650	1,641
Selling, general and administrative expenses				1,417	1,373
Pre-opening expenses				21	13
Relocation, store closure and lease termination costs				41	3
Operating income				171	252
Interest expense				(15)	(7)
Investment and other income					4
Income before income taxes				156	249
Provision for income taxes				61	92
Net income				$ 95	$ 157	$ 507
Basic earnings per share (in dollars per share)				$ 0.30	$ 0.47
Weighted average shares outstanding (in shares)				318.2	337
Diluted earnings per share (in dollars per share)				$ 0.30	$ 0.46
Weighted average shares outstanding, diluted basis (in shares)				318.7	338.2
Dividends declared per common share (in dollars per share)	$ 0.135	$ 0.135	$ 0.135	$ 0.14	$ 0.135	$ 0.54

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	4 Months Ended		12 Months Ended
	Jan. 15, 2017	Jan. 17, 2016	Sep. 25, 2016
Statement of Comprehensive Income [Abstract]
Net income	$ 95	$ 157	$ 507
Other comprehensive loss, net of tax:
Foreign currency translation adjustments	(1)	(10)
Other comprehensive loss, net of tax	(1)	(10)	$ (4)
Comprehensive income	$ 94	$ 147

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. 27, 2015	$ 3,769	$ 2,904	$ (1,124)	$ (28)	$ 2,017
Balances (in shares) at Sep. 27, 2015		348.9
Increase (Decrease) in Shareholders' Equity
Net income	507				507
Other comprehensive income (loss), net of tax	(4)			(4)
Dividends ($0.405 and $0.52 per common share for the forty weeks ended July 3, 2016 and fiscal year ended September 27, 2015, respectively)	(174)				(174)
Issuance of common stock pursuant to team member stock plans	19	$ (23)	42
Issuance of common stock pursuant to team member stock plans (in shares)		1.1
Purchase of treasury stock	(944)		(944)
Purchase of treasury stock (in shares)		(31.7)
Tax benefit related to exercise of team member stock options	3	$ 3
Share-based payment expense	49	49
Other	(1)				(1)
Balances at Sep. 25, 2016	$ 3,224	$ 2,933	(2,026)	(32)	2,349
Balances (in shares) at Sep. 25, 2016	318.3	318.3
Increase (Decrease) in Shareholders' Equity
Net income	$ 95				95
Other comprehensive income (loss), net of tax	(1)			(1)
Dividends ($0.405 and $0.52 per common share for the forty weeks ended July 3, 2016 and fiscal year ended September 27, 2015, respectively)	(45)				(45)
Issuance of common stock pursuant to team member stock plans	5	$ (3)	8
Issuance of common stock pursuant to team member stock plans (in shares)		0.2
Share-based payment expense	14	$ 14
Balances at Jan. 15, 2017	$ 3,292	$ 2,944	$ (2,018)	$ (33)	$ 2,399
Balances (in shares) at Jan. 15, 2017	318.5	318.5

Consolidated Statements of Sha7

Consolidated Statements of Shareholders' Equity (Parenthetical) - $ / shares	3 Months Ended			4 Months Ended		12 Months Ended
	Sep. 25, 2016	Jul. 03, 2016	Apr. 10, 2016	Jan. 15, 2017	Jan. 17, 2016	Sep. 25, 2016
Statement of Stockholders' Equity [Abstract]
Dividends declared per common share (in dollars per share)	$ 0.135	$ 0.135	$ 0.135	$ 0.14	$ 0.135	$ 0.54

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Millions	4 Months Ended
	Jan. 15, 2017	Jan. 17, 2016
Cash flows from operating activities
Net income	$ 95	$ 157
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	189	147
Share-based payment expense	14	16
LIFO expense		2
Deferred income tax expense	(24)	(30)
Excess tax benefit related to exercise of team member stock options		(1)
Accretion of premium/discount on marketable securities		1
Deferred lease liabilities	18	8
Other	4	2
Net change in current assets and liabilities:
Accounts receivable	(9)	6
Merchandise inventories	(37)	(67)
Prepaid expenses and other current assets	44	(7)
Accounts payable	(19)	(16)
Accrued payroll, bonus and other benefits due team members	14	(25)
Other current liabilities	(6)	28
Net change in other long-term liabilities	1	11
Net cash provided by operating activities	284	232
Cash flows from investing activities
Development costs of new locations	(150)	(91)
Other property and equipment expenditures	(95)	(88)
Purchases of available-for-sale securities	(200)	(133)
Sales and maturities of available-for-sale securities	205	220
Payment for purchase of acquired entities, net of cash acquired		(11)
Other investing activities	(4)	(6)
Net cash used in investing activities	(244)	(109)
Cash flows from financing activities
Purchases of treasury stock		(634)
Common stock dividends paid	(43)	(45)
Issuance of common stock	5	7
Excess tax benefit related to exercise of team member stock options		1
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	(38)	319
Effect of exchange rate changes on cash and cash equivalents		(1)
Net change in cash, cash equivalents, and restricted cash	2	441
Cash, cash equivalents, and restricted cash at beginning of period	473	364
Cash, cash equivalents, and restricted cash at end of period	475	805
Supplemental disclosure of cash flow information:
Federal and state income taxes paid	76	$ 137
Interest paid	$ 26

Basis of Presentation

Basis of Presentation	4 Months Ended
	Jan. 15, 2017
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 25, 2016 . 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 2017 and 2016 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 15, January 17, Sales: United States 97.1 % 97.1 % Canada and United Kingdom 2.9 2.9 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 15, September 25, Long-lived assets, net: United States 97.5 % 97.5 % Canada and United Kingdom 2.5 2.5 Total long-lived assets, net 100.0 % 100.0 %

Summary of Significant Accounti

Summary of Significant Accounting Policies	4 Months Ended
	Jan. 15, 2017
Accounting Policies [Abstract]
Significant Accounting Policies [Text Block]	Summary of Significant Accounting Policies Recent Accounting Pronouncements Effective September 26, 2016, the Company early adopted the Financial Accounting Standards Board’s (“FASB”) Accounting Standards Update (“ASU”) No. 2016-18, “Statement of Cash Flows: Restricted Cash ,” which amends the Accounting Standards Codification Topic 230. The amendments, which require that a statement of cash flows explain the change during the period in the total of cash, cash equivalents and amounts generally described as restricted cash, 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. Early adoption is permitted for all updates unless stated. Standard Description Effective Date Effect on financial statements and other significant matters ASU No. 2017-04 Simplifying the Test for Goodwill Impairment (Topic 350) The amendments eliminate Step 2 from the goodwill impairment test. Instead, an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value should be recognized; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. Income tax effects from any tax deductible goodwill on the carrying amount of the reporting unit when measuring the goodwill impairment loss should also be considered, if applicable. The amendments should be applied on a prospective basis. First quarter of fiscal year ending September 27, 2020 We are currently evaluating the impact that the adoption of these provisions will have on the Company’s consolidated financial statements. ASU No. 2016-13 Measurement of Credit Losses on Financial Instruments(Topic 326) The amendments guide on reporting credit losses for assets held at amortized cost basis and available-for-sale debt securities. The amendments require a financial asset measured at amortized cost basis to be presented at the net amount expected to be collected. The amendments also require that credit losses on available-for-sale debt securities be presented as an allowance. The amendments should be applied on either a prospective transition or modified-retrospective approach depending on the subtopic. First quarter of fiscal year ending September 29, 2021 We are currently evaluating the impact that the adoption of these provisions will have on the Company’s consolidated financial statements. ASU No. 2016-09 Improvements to Employee Share-Based Payment Accounting (Topic 718) The amendments aim to simplify several aspects of the accounting for share-based payment transactions, including the income tax consequences, forfeitures, and certain classifications on the statement of cash flows. The amendments should be applied on either a prospective, retrospective, or modified-retrospective basis depending on the subtopic. 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. 2016-08 Principal versus Agent Considerations (Reporting Revenue Gross versus Net) (Topic 606) The amendments, which do not change the core principle of the guidance in Topic 606, clarify the implementation guidance on principal versus agent considerations, including how an entity should identify the unit of accounting (i.e., the specified good or service) for the principal versus agent evaluation and how it should apply the control principle to certain types of arrangements, such as service transactions. The amendments may be applied on either a full or modified retrospective basis. 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. 2016-07 Simplifying the Transition to the Equity Method of Accounting (Topic 323) The amendments eliminate the requirement to retroactively apply the equity method of accounting when an investment qualifies for the use of the equity method due to an increase in the level of ownership interest or degree of influence. The amendments should be applied on a prospective basis. First quarter of fiscal year ending September 30, 2018 We do not expect the adoption of these provisions to have a significant impact on the Company’s consolidated financial statements. Standard Description Effective Date Effect on financial statements and other significant matters ASU No. 2016-04 Recognition of Breakage for Certain Prepaid Stored-Value Products (a consensus of the Emerging Issues Task Force) (Subtopic 405-20) The amendments require entities to recognize liabilities related to the sale of prepaid stored-value products redeemable for goods, services or cash as financial liabilities in the scope of ASC 405. Additionally, the new guidance amends ASC 405-20 to include a narrow scope exception requiring entities to recognize breakage for these liabilities in a way that is consistent with how gift card breakage will be recognized under the new revenue recognition standard. The amendments may be applied on either a full or modified retrospective basis. 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. 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 The adoption of this ASU will result in a significant increase to the Company’s Consolidated Balance Sheets for lease liabilities and right-of-use assets, and the Company is currently evaluating the other effects of adoption of this ASU on its Consolidated Financial Statements. 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. Early adoption is permitted for only certain amendments of the update. 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. First quarter of fiscal year ending September 30, 2018 We do not expect the adoption of these provisions to have a significant impact 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 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 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. 15, 2017
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. Equity interests measured at fair value are based on quoted prices for similar assets in active markets. 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. Assets Measured at Fair Value on a Recurring Basis The Company held the following financial assets measured at fair value on a recurring basis based on the hierarchy levels indicated (in millions): January 15, 2017 Level 1 Inputs Level 2 Inputs Level 3 Inputs Total Cash equivalents: Money market fund $ 23 $ — $ — $ 23 Marketable securities - available-for-sale: Municipal bonds — 31 — 31 Variable-rate demand notes — 343 — 343 Total $ 23 $ 374 $ — $ 397 September 25, 2016 Level 1 Inputs Level 2 Inputs Level 3 Inputs Total Cash equivalents: Money market fund $ 62 $ — $ — $ 62 Commercial paper — 30 — 30 Municipal bonds — 46 — 46 Marketable securities - available-for-sale: Commercial paper — 30 — 30 Municipal bonds — 26 — 26 Variable rate demand notes — 323 — 323 Total $ 62 $ 455 $ — $ 517 The estimated fair value of the Company’s long-term debt is included in Note 8 “Long-Term Debt.” Assets Measured at Fair Value on a Nonrecurring Basis During the sixteen weeks ended January 15, 2017, the Company recorded fair value adjustments, based on hierarchy level 3 inputs, totaling approximately $34 million related to certain locations for which asset value exceeded expected future cash flows, which were primarily included in the “Relocation, store closure and lease termination cost” line item on the Consolidated Statement of Operations. These impairment charges reduced the carrying value of related long-term assets to an immaterial fair value.

Investments

Investments	4 Months Ended
	Jan. 15, 2017
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 short-term available-for-sale securities. The Company held the following investments at fair value as of the dates indicated (in millions): January 15, September 25, Short-term marketable securities - available-for-sale: Commercial paper $ — $ 30 Municipal bonds 31 26 Variable rate demand notes 343 323 Total short-term marketable securities $ 374 $ 379 Gross unrealized holding gains and losses were not material at January 15, 2017 or September 25, 2016 . There were no available-for-sale securities in an unrealized loss position at January 15, 2017 . Available-for-sale securities totaling approximately $33 million were in unrealized loss positions at September 25, 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 25, 2016 . The Company did not recognize any other-than-temporary impairments during the sixteen weeks ended January 15, 2017 or fiscal year ended September 25, 2016 . The average effective maturity of the Company’s short-term available-for-sale securities was less than one month at January 15, 2017 and September 25, 2016 . At January 15, 2017 and September 25, 2016 , the Company held approximately $23 million and $19 million in equity interests which were accounted for using the cost method of accounting. Equity interests accounted for using the equity method were not material at January 15, 2017 or September 25, 2016 .

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	4 Months Ended
	Jan. 15, 2017
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 15, 2017 or January 17, 2016 . Additions of other intangible assets were not material during the sixteen weeks ended January 15, 2017 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 15, 2017 September 25, 2016 Gross carrying amount Accumulated amortization Gross carrying amount Accumulated amortization Definite-lived contract-based $ 120 $ (57 ) $ 120 $ (55 ) Indefinite-lived contract-based 9 9 Total $ 129 $ (57 ) $ 129 $ (55 ) Amortization expense associated with intangible assets was not material during the sixteen weeks ended January 15, 2017 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 2017 $ 4 Fiscal year 2018 5 Fiscal year 2019 5 Fiscal year 2020 5 Fiscal year 2021 4 Future fiscal years 40 Total $ 63

Store and Facility Closures

Store and Facility Closures	4 Months Ended
	Jan. 15, 2017
Restructuring and Related Activities [Abstract]
Restructuring and Related Activities Disclosure [Text Block]	Store and Facility Closures During the sixteen weeks ended January 15, 2017, the Company announced plans to close nine stores and three commissary kitchens. The Company recorded non-cash charges of approximately $ 34 million to adjust the long-lived assets of these locations to fair value. These charges are included in the “Relocation, store closure and lease termination cost” line item on the Consolidated Statement of Operations. The Company expects to incur additional charges of approximately $30 million related to these closures in the second quarter of fiscal year 2017 largely relating to lease terminations.

Reserves for Closed Properties

Reserves for Closed Properties	4 Months Ended
	Jan. 15, 2017
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 15, 2017 and fiscal year ended September 25, 2016 (in millions): January 15, September 25, Beginning balance $ 26 $ 28 Additions 1 6 Usage (2 ) (10 ) Adjustments 1 2 Ending balance $ 26 $ 26

Long-Term Debt

Long-Term Debt	4 Months Ended
	Jan. 15, 2017
Debt Disclosure [Abstract]
Long-term Debt [Text Block]	Long-Term Debt Credit Agreement The Company’s revolving credit facility under a credit agreement dated as of November 2, 2015 (the “Credit Agreement”) 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 . The Credit Agreement also provides for a letter of credit subfacility of up to $250 million . At January 15, 2017 , the Company had no amounts outstanding under the credit facility. Commitment fees paid on undrawn amounts were not material during the sixteen weeks ended January 15, 2017 . At January 15, 2017 , the Company was in compliance with all applicable debt covenants. During the sixteen weeks ended January 17, 2016 , the Company borrowed and repaid $300 million under the Credit Agreement. Senior Notes The Company has outstanding $ 1.0 billion of senior notes (the “Notes”). The Notes bear interest at a fixed rate equal to 5.2% per year, payable semiannually , and mature on December 3, 2025 . The effective interest rate of the Notes, which includes interest on the Notes and amortization of discount and issuance costs, is approximately 5.28% . At January 15, 2017 , the Company was in compliance with all applicable debt covenants. The estimated fair value of the Notes at January 15, 2017 , based on observable market prices (Level 2), exceeded the carrying value by approximately $70 million . The Senior Notes issued on December 3, 2015 and Credit Agreement are fully and unconditionally guaranteed, jointly and severally, on an unsecured basis by certain wholly owned domestic subsidiaries of the Company (the “Guarantors”). For additional information regarding the Guarantors see Note 14, Guarantor Financial Statement Information. The components of long-term debt as of the dates indicated were as follows (in millions): January 15, September 25, 5.2% senior notes due 2025 $ 1,000 $ 1,000 Less: unamortized discount and debt issuance costs related to senior notes (7 ) (7 ) Carrying value of senior notes 993 993 Capital lease obligations 58 58 Total long-term debt and capital lease obligations 1,051 1,051 Less: current installments (3 ) (3 ) Total long-term debt and capital lease obligations, less current installments $ 1,048 $ 1,048

Income Taxes

Income Taxes	4 Months Ended
	Jan. 15, 2017
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	Income Taxes Income taxes resulted in an effective tax rate of approximately 39.0% for the sixteen weeks ended January 15, 2017 compared to approximately 37.0% for the same period of the prior fiscal year. The lower effective tax rate for the sixteen weeks ended January 17, 2016 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. 15, 2017
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 2017 to date and fiscal year 2016 (in millions, except per share amounts): Date of declaration Dividend per common share Date of record Date of payment Total amount Fiscal year 2017: November 2, 2016 (1) $ 0.14 January 13, 2017 January 24, 2017 $ 45 Fiscal year 2016: November 4, 2015 $ 0.135 January 15, 2016 January 26, 2016 $ 44 March 9, 2016 0.135 April 8, 2016 April 19, 2016 44 June 7, 2016 0.135 July 1, 2016 July 12, 2016 43 September 22, 2016 0.135 October 3, 2016 October 14, 2016 43 (1) Dividend accrued at January 15, 2017 Treasury Stock As of January 15, 2017 , one share repurchase program remains in effect, with prior programs having been fully utilized, expired or cancelled. The following table outlines the share repurchase program authorized by the Company’s Board of Directors (“Board”), and the related repurchase activity as of January 15, 2017 (in millions): Effective date Expiration date Amount authorized Cost of repurchases Authorization available November 4, 2015 Not applicable $ 1,000 $ 557 $ 443 Share repurchase activity for the sixteen weeks ended January 15, 2017 was immaterial. Share repurchase activity for the sixteen weeks ended January 17, 2016 was as follows (in millions, except per share amounts): January 17, Number of common shares acquired 21.2 Average price per common share acquired $ 29.96 Total cost of common shares acquired $ 634 The Company reissued approximately 0.2 million treasury shares at cost of approximately $8 million and approximately 0.3 million treasury shares at cost of approximately $11 million to satisfy the issuance of common stock pursuant to team member stock plans during the sixteen weeks ended January 15, 2017 and January 17, 2016 , respectively. At January 15, 2017 and September 25, 2016 , the Company held in treasury approximately 58.5 million shares and 58.7 million shares, respectively, totaling approximately $2.0 billion .

Earnings per Share

Earnings per Share	4 Months Ended
	Jan. 15, 2017
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 15, January 17, Net income (numerator for basic and diluted earnings per share) $ 95 $ 157 Weighted average common shares outstanding (denominator for basic earnings per share) 318.2 337.0 Incremental common shares attributable to dilutive effect of share-based awards 0.5 1.2 Weighted average common shares outstanding and potential additional common shares outstanding (denominator for diluted earnings per share) 318.7 338.2 Basic earnings per share $ 0.30 $ 0.47 Diluted earnings per share $ 0.30 $ 0.46 The computation of diluted earnings per share for the sixteen weeks ended January 15, 2017 and January 17, 2016 does not include share-based awards to purchase approximately 24.5 million shares and 18.7 million shares of common stock, respectively, due to their antidilutive effect.

Share-Based Payments

Share-Based Payments	4 Months Ended
	Jan. 15, 2017
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 $14 million during the sixteen weeks ended January 15, 2017 , and totaled approximately $16 million for the same period of the prior fiscal year. At January 15, 2017 and September 25, 2016 , approximately 30.3 million shares and 29.8 million shares of the Company’s common stock, respectively, were available for future stock incentive grants. At January 15, 2017 and September 25, 2016 , there was approximately $61 million and $73 million of unrecognized share-based payment expense, respectively, related to unvested stock options, net of estimated forfeitures, related to approximately 10.3 million shares and 10.5 million shares, respectively. The Company anticipates this expense to be recognized over a weighted average period of 2.7 years.

Commitments and Contingencies

Commitments and Contingencies	4 Months Ended
	Jan. 15, 2017
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.

Guarantor Financial Statements

Guarantor Financial Statements	4 Months Ended
	Jan. 15, 2017
Guarantor Financial Statements [Abstract]
Guarantor Financial Statements [Text Block]	Guarantor Financial Statement Information The Senior Notes issued on December 3, 2015 and Credit Agreement are fully and unconditionally guaranteed, jointly and severally, on an unsecured, unsubordinated basis by certain wholly owned domestic subsidiaries of the Company (the “Guarantors”). Supplemental condensed consolidating financial information of the Company, including such information for the Guarantors is presented below: Consolidated Balance Sheets (unaudited) (In millions) January 15, 2017 Assets Parent/Issuer Guarantor Subsidiaries Non-guarantor Subsidiaries Eliminations Consolidated Total Current assets: Cash and cash equivalents $ — $ 252 $ 98 $ — $ 350 Short-term investments - available-for-sale securities — 374 — — 374 Restricted cash — 118 7 — 125 Accounts receivable — 229 22 — 251 Intercompany receivable — 695 — (695 ) — Merchandise inventories — 467 87 — 554 Prepaid expenses and other current assets — 106 17 — 123 Deferred income taxes — 210 — — 210 Total current assets — 2,451 231 (695 ) 1,987 Property and equipment, net of accumulated depreciation and amortization — 3,075 385 — 3,460 Investments in consolidated subsidiaries 4,695 105 474 (5,274 ) — Goodwill — 703 7 — 710 Intangible assets, net of accumulated amortization 1 62 9 — 72 Deferred income taxes — 105 6 — 111 Other assets — 15 27 — 42 Total assets $ 4,696 $ 6,516 $ 1,139 $ (5,969 ) $ 6,382 Liabilities and Shareholders’ Equity Current liabilities: Current installments of long-term debt and capital lease obligations $ — $ 3 $ — $ — $ 3 Accounts payable — 209 79 — 288 Intercompany payable 360 — 335 (695 ) — Accrued payroll, bonus and other benefits due team members — 395 26 — 421 Dividends payable 45 — — — 45 Other current liabilities 6 500 37 — 543 Total current liabilities 411 1,107 477 (695 ) 1,300 Long-term debt and capital lease obligations, less current installments 993 48 7 — 1,048 Deferred lease liabilities — 603 50 — 653 Other long-term liabilities — 88 1 — 89 Total liabilities 1,404 1,846 535 (695 ) 3,090 Commitments and contingencies Total shareholders’ equity 3,292 4,670 604 (5,274 ) 3,292 Total liabilities and shareholders’ equity $ 4,696 $ 6,516 $ 1,139 $ (5,969 ) $ 6,382 Consolidated Balance Sheets (unaudited) (In millions) September 25, 2016 Assets Parent/Issuer Guarantor Subsidiaries Non-guarantor Subsidiaries Eliminations Consolidated Total Current assets: Cash and cash equivalents $ — $ 254 $ 97 $ — $ 351 Short-term investments - available-for-sale securities — 379 — — 379 Restricted cash — 114 8 — 122 Accounts receivable — 216 26 — 242 Intercompany receivable — 649 — (649 ) — Merchandise inventories — 441 76 — 517 Prepaid expenses and other current assets — 150 17 — 167 Deferred income taxes — 197 — — 197 Total current assets — 2,400 224 (649 ) 1,975 Property and equipment, net of accumulated depreciation and amortization — 3,063 379 — 3,442 Investments in consolidated subsidiaries 4,593 103 472 (5,168 ) — Goodwill — 702 8 — 710 Intangible assets, net of accumulated amortization 1 63 10 — 74 Deferred income taxes — 94 6 — 100 Other assets — 16 24 — 40 Total assets $ 4,594 $ 6,441 $ 1,123 $ (5,817 ) $ 6,341 Liabilities and Shareholders’ Equity Current liabilities: Current installments of long-term debt and capital lease obligations $ — $ 3 $ — $ — $ 3 Accounts payable — 227 80 — 307 Intercompany payable 317 — 333 (650 ) — Accrued payroll, bonus and other benefits due team members — 381 26 — 407 Dividends payable 43 — — — 43 Other current liabilities 17 536 28 — 581 Total current liabilities 377 1,147 467 (650 ) 1,341 Long-term debt and capital lease obligations, less current installments 993 48 7 — 1,048 Deferred lease liabilities — 592 48 — 640 Other long-term liabilities — 87 1 — 88 Total liabilities 1,370 1,874 523 (650 ) 3,117 Commitments and contingencies Total shareholders’ equity 3,224 4,567 600 (5,167 ) 3,224 Total liabilities and shareholders’ equity $ 4,594 $ 6,441 $ 1,123 $ (5,817 ) $ 6,341 Consolidated Statements of Operations (unaudited) (In millions) Sixteen weeks ended January 15, 2017 Parent/Issuer Guarantor Subsidiaries Non-guarantor Subsidiaries Eliminations Consolidated Total Sales $ — $ 4,672 $ 314 $ (68 ) $ 4,918 Cost of goods sold and occupancy costs — 3,110 224 (66 ) 3,268 Gross profit — 1,562 90 (2 ) 1,650 Selling, general and administrative expenses — 1,337 80 — 1,417 Pre-opening expenses — 18 3 — 21 Relocation, store closure and lease termination costs — 40 1 — 41 Operating income — 167 6 (2 ) 171 Interest expense (15 ) — — — (15 ) Investment and other expense — — (1 ) 1 — Equity in net income of subsidiaries 104 2 1 (107 ) — Income before income taxes 89 169 6 (108 ) 156 Provision for income taxes (6 ) 65 2 — 61 Net income $ 95 $ 104 $ 4 $ (108 ) $ 95 Sixteen weeks ended January 17, 2016 Parent/Issuer Guarantor Subsidiaries Non-guarantor Subsidiaries Eliminations Consolidated Total Sales $ — $ 4,584 $ 289 $ (44 ) $ 4,829 Cost of goods sold and occupancy costs — 3,029 202 (43 ) 3,188 Gross profit — 1,555 87 (1 ) 1,641 Selling, general and administrative expenses — 1,294 79 — 1,373 Pre-opening expenses — 10 3 — 13 Relocation, store closure and lease termination costs — 3 — — 3 Operating income — 248 5 (1 ) 252 Interest expense (7 ) — — — (7 ) Investment and other income (expense) — 5 (2 ) 1 4 Equity in net income of subsidiaries 161 3 6 (170 ) — Income before income taxes 154 256 9 (170 ) 249 Provision for income taxes (3 ) 93 2 — 92 Net income $ 157 $ 163 $ 7 $ (170 ) $ 157 Consolidated Statements of Comprehensive Income (unaudited) (In millions) Sixteen weeks ended January 15, 2017 Parent/Issuer Guarantor Subsidiaries Non-guarantor Subsidiaries Eliminations Consolidated Total Net income $ 95 $ 104 $ 4 $ (108 ) $ 95 Other comprehensive income (loss), net of tax: Foreign currency translation adjustments — (4 ) 3 — (1 ) Other comprehensive income (loss), net of tax — (4 ) 3 — (1 ) Comprehensive income $ 95 $ 100 $ 7 $ (108 ) $ 94 Sixteen weeks ended January 17, 2016 Parent/Issuer Guarantor Subsidiaries Non-guarantor Subsidiaries Eliminations Consolidated Total Net income $ 157 $ 163 $ 7 $ (170 ) $ 157 Other comprehensive income (loss), net of tax: Foreign currency translation adjustments — 4 (14 ) — (10 ) Other comprehensive income (loss), net of tax — 4 (14 ) — (10 ) Comprehensive income (loss) $ 157 $ 167 $ (7 ) $ (170 ) $ 147 Condensed Consolidated Statements of Cash Flows (unaudited) (In millions) January 15, 2017 Parent/Issuer Guarantor Subsidiaries Non-guarantor Subsidiaries Eliminations Consolidated Total Net cash provided by (used in) operating activities $ (26 ) $ 293 $ 17 $ — $ 284 Cash flows from investing activities Purchases of property, plant and equipment — (226 ) (19 ) — (245 ) Purchases of available-for-sale securities — (200 ) — — (200 ) Sales and maturities of available-for-sale securities — 205 — — 205 Payment for purchase of acquired entities, net of cash acquired — — — — — Intercompany activity 64 — — (64 ) — Other investing activities — (4 ) — — (4 ) Net cash provided by (used in) investing activities 64 (225 ) (19 ) (64 ) (244 ) Cash flows from financing activities Purchases of treasury stock — — — — — Common stock dividends paid (43 ) — — — (43 ) Issuance of common stock 5 — — — 5 Excess tax benefit related to exercise of team member stock options — — — — — Proceeds from long-term borrowings — — — — — Proceed for revolving line of credit — — — — — Payments on long-term debt and capital lease obligations — — — — — Intercompany activity — (66 ) 2 64 — Other financing activities — — — — — Net cash provided by (used in) financing activities (38 ) (66 ) 2 64 (38 ) Effect of exchange rate changes on cash and cash equivalents — — — — — Net change in cash, cash equivalents, and restricted cash — 2 — — 2 Cash, cash equivalents, and restricted cash at beginning of period — 368 105 — 473 Cash, cash equivalents, and restricted cash at end of period $ — $ 370 $ 105 $ — $ 475 Condensed Consolidated Statements of Cash Flows (unaudited) (In millions) January 17, 2016 Parent/Issuer Guarantor Subsidiaries Non-guarantor Subsidiaries Eliminations Consolidated Total Net cash provided by operating activities $ — $ 219 $ 13 $ — $ 232 Cash flows from investing activities Purchases of property, plant and equipment — (156 ) (23 ) — (179 ) Purchases of available-for-sale securities — (133 ) — — (133 ) Sales and maturities of available-for-sale securities — 220 — — 220 Payment for purchase of acquired entities, net of cash acquired — — (11 ) — (11 ) Intercompany activity (319 ) — — 319 — Other investing activities — (6 ) — — (6 ) Net cash used in investing activities (319 ) (75 ) (34 ) 319 (109 ) Cash flows from financing activities Purchases of treasury stock (634 ) — — — (634 ) Common stock dividends paid (45 ) — — — (45 ) Issuance of common stock 7 — — — 7 Excess tax benefit related to exercise of team member stock options 1 — — — 1 Proceeds from long-term borrowings 999 — — — 999 Proceeds from revolving line of credit 300 — — — 300 Payments on long-term debt and capital lease obligations (302 ) — — — (302 ) Intercompany activity — 305 14 (319 ) — Other financing activities (7 ) — — — (7 ) Net cash provided by financing activities 319 305 14 (319 ) 319 Effect of exchange rate changes on cash and cash equivalents — — (1 ) — (1 ) Net change in cash, cash equivalents, and restricted cash — 449 (8 ) — 441 Cash, cash equivalents, and restricted cash at beginning of period — 261 103 — 364 Cash, cash equivalents, and restricted cash at end of period $ — $ 710 $ 95 $ — $ 805

Summary of Significant Accoun23

Summary of Significant Accounting Policies (Policies)	4 Months Ended
	Jan. 15, 2017
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 2017 and 2016 are 52 -week years.
New Accounting Pronouncements, Policy [Policy Text Block]	The following table provides a brief description of recently issued accounting pronouncements that have not yet been adopted. Early adoption is permitted for all updates unless stated. Standard Description Effective Date Effect on financial statements and other significant matters ASU No. 2017-04 Simplifying the Test for Goodwill Impairment (Topic 350) The amendments eliminate Step 2 from the goodwill impairment test. Instead, an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value should be recognized; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. Income tax effects from any tax deductible goodwill on the carrying amount of the reporting unit when measuring the goodwill impairment loss should also be considered, if applicable. The amendments should be applied on a prospective basis. First quarter of fiscal year ending September 27, 2020 We are currently evaluating the impact that the adoption of these provisions will have on the Company’s consolidated financial statements. ASU No. 2016-13 Measurement of Credit Losses on Financial Instruments(Topic 326) The amendments guide on reporting credit losses for assets held at amortized cost basis and available-for-sale debt securities. The amendments require a financial asset measured at amortized cost basis to be presented at the net amount expected to be collected. The amendments also require that credit losses on available-for-sale debt securities be presented as an allowance. The amendments should be applied on either a prospective transition or modified-retrospective approach depending on the subtopic. First quarter of fiscal year ending September 29, 2021 We are currently evaluating the impact that the adoption of these provisions will have on the Company’s consolidated financial statements. ASU No. 2016-09 Improvements to Employee Share-Based Payment Accounting (Topic 718) The amendments aim to simplify several aspects of the accounting for share-based payment transactions, including the income tax consequences, forfeitures, and certain classifications on the statement of cash flows. The amendments should be applied on either a prospective, retrospective, or modified-retrospective basis depending on the subtopic. 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. 2016-08 Principal versus Agent Considerations (Reporting Revenue Gross versus Net) (Topic 606) The amendments, which do not change the core principle of the guidance in Topic 606, clarify the implementation guidance on principal versus agent considerations, including how an entity should identify the unit of accounting (i.e., the specified good or service) for the principal versus agent evaluation and how it should apply the control principle to certain types of arrangements, such as service transactions. The amendments may be applied on either a full or modified retrospective basis. 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. 2016-07 Simplifying the Transition to the Equity Method of Accounting (Topic 323) The amendments eliminate the requirement to retroactively apply the equity method of accounting when an investment qualifies for the use of the equity method due to an increase in the level of ownership interest or degree of influence. The amendments should be applied on a prospective basis. First quarter of fiscal year ending September 30, 2018 We do not expect the adoption of these provisions to have a significant impact on the Company’s consolidated financial statements. Standard Description Effective Date Effect on financial statements and other significant matters ASU No. 2016-04 Recognition of Breakage for Certain Prepaid Stored-Value Products (a consensus of the Emerging Issues Task Force) (Subtopic 405-20) The amendments require entities to recognize liabilities related to the sale of prepaid stored-value products redeemable for goods, services or cash as financial liabilities in the scope of ASC 405. Additionally, the new guidance amends ASC 405-20 to include a narrow scope exception requiring entities to recognize breakage for these liabilities in a way that is consistent with how gift card breakage will be recognized under the new revenue recognition standard. The amendments may be applied on either a full or modified retrospective basis. 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. 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 The adoption of this ASU will result in a significant increase to the Company’s Consolidated Balance Sheets for lease liabilities and right-of-use assets, and the Company is currently evaluating the other effects of adoption of this ASU on its Consolidated Financial Statements. 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. Early adoption is permitted for only certain amendments of the update. 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. First quarter of fiscal year ending September 30, 2018 We do not expect the adoption of these provisions to have a significant impact 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 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 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.
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. 15, 2017
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 15, January 17, Sales: United States 97.1 % 97.1 % Canada and United Kingdom 2.9 2.9 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 15, September 25, Long-lived assets, net: United States 97.5 % 97.5 % Canada and United Kingdom 2.5 2.5 Total long-lived assets, net 100.0 % 100.0 %

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	4 Months Ended
	Jan. 15, 2017
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 15, 2017 Level 1 Inputs Level 2 Inputs Level 3 Inputs Total Cash equivalents: Money market fund $ 23 $ — $ — $ 23 Marketable securities - available-for-sale: Municipal bonds — 31 — 31 Variable-rate demand notes — 343 — 343 Total $ 23 $ 374 $ — $ 397 September 25, 2016 Level 1 Inputs Level 2 Inputs Level 3 Inputs Total Cash equivalents: Money market fund $ 62 $ — $ — $ 62 Commercial paper — 30 — 30 Municipal bonds — 46 — 46 Marketable securities - available-for-sale: Commercial paper — 30 — 30 Municipal bonds — 26 — 26 Variable rate demand notes — 323 — 323 Total $ 62 $ 455 $ — $ 517

Investments (Tables)

Investments (Tables)	4 Months Ended
	Jan. 15, 2017
Investments [Abstract]
Marketable Securities [Table Text Block]	The Company held the following investments at fair value as of the dates indicated (in millions): January 15, September 25, Short-term marketable securities - available-for-sale: Commercial paper $ — $ 30 Municipal bonds 31 26 Variable rate demand notes 343 323 Total short-term marketable securities $ 374 $ 379

Goodwill and Other Intangible27

Goodwill and Other Intangible Assets (Tables)	4 Months Ended
	Jan. 15, 2017
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 15, 2017 September 25, 2016 Gross carrying amount Accumulated amortization Gross carrying amount Accumulated amortization Definite-lived contract-based $ 120 $ (57 ) $ 120 $ (55 ) Indefinite-lived contract-based 9 9 Total $ 129 $ (57 ) $ 129 $ (55 )
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 2017 $ 4 Fiscal year 2018 5 Fiscal year 2019 5 Fiscal year 2020 5 Fiscal year 2021 4 Future fiscal years 40 Total $ 63

Reserves for Closed Properties

Reserves for Closed Properties (Tables)	4 Months Ended
	Jan. 15, 2017
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 15, 2017 and fiscal year ended September 25, 2016 (in millions): January 15, September 25, Beginning balance $ 26 $ 28 Additions 1 6 Usage (2 ) (10 ) Adjustments 1 2 Ending balance $ 26 $ 26

Long-Term Debt (Tables)

Long-Term Debt (Tables)	4 Months Ended
	Jan. 15, 2017
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 15, September 25, 5.2% senior notes due 2025 $ 1,000 $ 1,000 Less: unamortized discount and debt issuance costs related to senior notes (7 ) (7 ) Carrying value of senior notes 993 993 Capital lease obligations 58 58 Total long-term debt and capital lease obligations 1,051 1,051 Less: current installments (3 ) (3 ) Total long-term debt and capital lease obligations, less current installments $ 1,048 $ 1,048

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	4 Months Ended
	Jan. 15, 2017
Equity [Abstract]
Dividends Declared [Table Text Block]	The following table provides a summary of dividends declared per common share during fiscal year 2017 to date and fiscal year 2016 (in millions, except per share amounts): Date of declaration Dividend per common share Date of record Date of payment Total amount Fiscal year 2017: November 2, 2016 (1) $ 0.14 January 13, 2017 January 24, 2017 $ 45 Fiscal year 2016: November 4, 2015 $ 0.135 January 15, 2016 January 26, 2016 $ 44 March 9, 2016 0.135 April 8, 2016 April 19, 2016 44 June 7, 2016 0.135 July 1, 2016 July 12, 2016 43 September 22, 2016 0.135 October 3, 2016 October 14, 2016 43 (1) Dividend accrued at January 15, 2017
Schedule of Share Repurchase Programs [Table Text Block]	The following table outlines the share repurchase program authorized by the Company’s Board of Directors (“Board”), and the related repurchase activity as of January 15, 2017 (in millions): Effective date Expiration date Amount authorized Cost of repurchases Authorization available November 4, 2015 Not applicable $ 1,000 $ 557 $ 443
Schedule of Shares Repurchased [Table Text Block]	Share repurchase activity for the sixteen weeks ended January 15, 2017 was immaterial. Share repurchase activity for the sixteen weeks ended January 17, 2016 was as follows (in millions, except per share amounts): January 17, Number of common shares acquired 21.2 Average price per common share acquired $ 29.96 Total cost of common shares acquired $ 634

Earnings per Share (Tables)

Earnings per Share (Tables)	4 Months Ended
	Jan. 15, 2017
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 15, January 17, Net income (numerator for basic and diluted earnings per share) $ 95 $ 157 Weighted average common shares outstanding (denominator for basic earnings per share) 318.2 337.0 Incremental common shares attributable to dilutive effect of share-based awards 0.5 1.2 Weighted average common shares outstanding and potential additional common shares outstanding (denominator for diluted earnings per share) 318.7 338.2 Basic earnings per share $ 0.30 $ 0.47 Diluted earnings per share $ 0.30 $ 0.46

Guarantor Financial Statements

Guarantor Financial Statements (Tables)	4 Months Ended
	Jan. 15, 2017
Guarantor Financial Statements [Abstract]
Consolidated Statements of Balance Sheets with Guarantor Information [Table Text Block]	Consolidated Balance Sheets (unaudited) (In millions) January 15, 2017 Assets Parent/Issuer Guarantor Subsidiaries Non-guarantor Subsidiaries Eliminations Consolidated Total Current assets: Cash and cash equivalents $ — $ 252 $ 98 $ — $ 350 Short-term investments - available-for-sale securities — 374 — — 374 Restricted cash — 118 7 — 125 Accounts receivable — 229 22 — 251 Intercompany receivable — 695 — (695 ) — Merchandise inventories — 467 87 — 554 Prepaid expenses and other current assets — 106 17 — 123 Deferred income taxes — 210 — — 210 Total current assets — 2,451 231 (695 ) 1,987 Property and equipment, net of accumulated depreciation and amortization — 3,075 385 — 3,460 Investments in consolidated subsidiaries 4,695 105 474 (5,274 ) — Goodwill — 703 7 — 710 Intangible assets, net of accumulated amortization 1 62 9 — 72 Deferred income taxes — 105 6 — 111 Other assets — 15 27 — 42 Total assets $ 4,696 $ 6,516 $ 1,139 $ (5,969 ) $ 6,382 Liabilities and Shareholders’ Equity Current liabilities: Current installments of long-term debt and capital lease obligations $ — $ 3 $ — $ — $ 3 Accounts payable — 209 79 — 288 Intercompany payable 360 — 335 (695 ) — Accrued payroll, bonus and other benefits due team members — 395 26 — 421 Dividends payable 45 — — — 45 Other current liabilities 6 500 37 — 543 Total current liabilities 411 1,107 477 (695 ) 1,300 Long-term debt and capital lease obligations, less current installments 993 48 7 — 1,048 Deferred lease liabilities — 603 50 — 653 Other long-term liabilities — 88 1 — 89 Total liabilities 1,404 1,846 535 (695 ) 3,090 Commitments and contingencies Total shareholders’ equity 3,292 4,670 604 (5,274 ) 3,292 Total liabilities and shareholders’ equity $ 4,696 $ 6,516 $ 1,139 $ (5,969 ) $ 6,382 Consolidated Balance Sheets (unaudited) (In millions) September 25, 2016 Assets Parent/Issuer Guarantor Subsidiaries Non-guarantor Subsidiaries Eliminations Consolidated Total Current assets: Cash and cash equivalents $ — $ 254 $ 97 $ — $ 351 Short-term investments - available-for-sale securities — 379 — — 379 Restricted cash — 114 8 — 122 Accounts receivable — 216 26 — 242 Intercompany receivable — 649 — (649 ) — Merchandise inventories — 441 76 — 517 Prepaid expenses and other current assets — 150 17 — 167 Deferred income taxes — 197 — — 197 Total current assets — 2,400 224 (649 ) 1,975 Property and equipment, net of accumulated depreciation and amortization — 3,063 379 — 3,442 Investments in consolidated subsidiaries 4,593 103 472 (5,168 ) — Goodwill — 702 8 — 710 Intangible assets, net of accumulated amortization 1 63 10 — 74 Deferred income taxes — 94 6 — 100 Other assets — 16 24 — 40 Total assets $ 4,594 $ 6,441 $ 1,123 $ (5,817 ) $ 6,341 Liabilities and Shareholders’ Equity Current liabilities: Current installments of long-term debt and capital lease obligations $ — $ 3 $ — $ — $ 3 Accounts payable — 227 80 — 307 Intercompany payable 317 — 333 (650 ) — Accrued payroll, bonus and other benefits due team members — 381 26 — 407 Dividends payable 43 — — — 43 Other current liabilities 17 536 28 — 581 Total current liabilities 377 1,147 467 (650 ) 1,341 Long-term debt and capital lease obligations, less current installments 993 48 7 — 1,048 Deferred lease liabilities — 592 48 — 640 Other long-term liabilities — 87 1 — 88 Total liabilities 1,370 1,874 523 (650 ) 3,117 Commitments and contingencies Total shareholders’ equity 3,224 4,567 600 (5,167 ) 3,224 Total liabilities and shareholders’ equity $ 4,594 $ 6,441 $ 1,123 $ (5,817 ) $ 6,341
Consolidated Statements of Operations with Guarantor Information [Table Text Block]	Consolidated Statements of Operations (unaudited) (In millions) Sixteen weeks ended January 15, 2017 Parent/Issuer Guarantor Subsidiaries Non-guarantor Subsidiaries Eliminations Consolidated Total Sales $ — $ 4,672 $ 314 $ (68 ) $ 4,918 Cost of goods sold and occupancy costs — 3,110 224 (66 ) 3,268 Gross profit — 1,562 90 (2 ) 1,650 Selling, general and administrative expenses — 1,337 80 — 1,417 Pre-opening expenses — 18 3 — 21 Relocation, store closure and lease termination costs — 40 1 — 41 Operating income — 167 6 (2 ) 171 Interest expense (15 ) — — — (15 ) Investment and other expense — — (1 ) 1 — Equity in net income of subsidiaries 104 2 1 (107 ) — Income before income taxes 89 169 6 (108 ) 156 Provision for income taxes (6 ) 65 2 — 61 Net income $ 95 $ 104 $ 4 $ (108 ) $ 95 Sixteen weeks ended January 17, 2016 Parent/Issuer Guarantor Subsidiaries Non-guarantor Subsidiaries Eliminations Consolidated Total Sales $ — $ 4,584 $ 289 $ (44 ) $ 4,829 Cost of goods sold and occupancy costs — 3,029 202 (43 ) 3,188 Gross profit — 1,555 87 (1 ) 1,641 Selling, general and administrative expenses — 1,294 79 — 1,373 Pre-opening expenses — 10 3 — 13 Relocation, store closure and lease termination costs — 3 — — 3 Operating income — 248 5 (1 ) 252 Interest expense (7 ) — — — (7 ) Investment and other income (expense) — 5 (2 ) 1 4 Equity in net income of subsidiaries 161 3 6 (170 ) — Income before income taxes 154 256 9 (170 ) 249 Provision for income taxes (3 ) 93 2 — 92 Net income $ 157 $ 163 $ 7 $ (170 ) $ 157
Consolidated Statements of Comprehensive Income with Guarantor Information [Table Text Block]	Consolidated Statements of Comprehensive Income (unaudited) (In millions) Sixteen weeks ended January 15, 2017 Parent/Issuer Guarantor Subsidiaries Non-guarantor Subsidiaries Eliminations Consolidated Total Net income $ 95 $ 104 $ 4 $ (108 ) $ 95 Other comprehensive income (loss), net of tax: Foreign currency translation adjustments — (4 ) 3 — (1 ) Other comprehensive income (loss), net of tax — (4 ) 3 — (1 ) Comprehensive income $ 95 $ 100 $ 7 $ (108 ) $ 94 Sixteen weeks ended January 17, 2016 Parent/Issuer Guarantor Subsidiaries Non-guarantor Subsidiaries Eliminations Consolidated Total Net income $ 157 $ 163 $ 7 $ (170 ) $ 157 Other comprehensive income (loss), net of tax: Foreign currency translation adjustments — 4 (14 ) — (10 ) Other comprehensive income (loss), net of tax — 4 (14 ) — (10 ) Comprehensive income (loss) $ 157 $ 167 $ (7 ) $ (170 ) $ 147
Condensed Consolidated Statements of Cash Flows with Guarantor Information [Table Text Block]	Condensed Consolidated Statements of Cash Flows (unaudited) (In millions) January 15, 2017 Parent/Issuer Guarantor Subsidiaries Non-guarantor Subsidiaries Eliminations Consolidated Total Net cash provided by (used in) operating activities $ (26 ) $ 293 $ 17 $ — $ 284 Cash flows from investing activities Purchases of property, plant and equipment — (226 ) (19 ) — (245 ) Purchases of available-for-sale securities — (200 ) — — (200 ) Sales and maturities of available-for-sale securities — 205 — — 205 Payment for purchase of acquired entities, net of cash acquired — — — — — Intercompany activity 64 — — (64 ) — Other investing activities — (4 ) — — (4 ) Net cash provided by (used in) investing activities 64 (225 ) (19 ) (64 ) (244 ) Cash flows from financing activities Purchases of treasury stock — — — — — Common stock dividends paid (43 ) — — — (43 ) Issuance of common stock 5 — — — 5 Excess tax benefit related to exercise of team member stock options — — — — — Proceeds from long-term borrowings — — — — — Proceed for revolving line of credit — — — — — Payments on long-term debt and capital lease obligations — — — — — Intercompany activity — (66 ) 2 64 — Other financing activities — — — — — Net cash provided by (used in) financing activities (38 ) (66 ) 2 64 (38 ) Effect of exchange rate changes on cash and cash equivalents — — — — — Net change in cash, cash equivalents, and restricted cash — 2 — — 2 Cash, cash equivalents, and restricted cash at beginning of period — 368 105 — 473 Cash, cash equivalents, and restricted cash at end of period $ — $ 370 $ 105 $ — $ 475 Condensed Consolidated Statements of Cash Flows (unaudited) (In millions) January 17, 2016 Parent/Issuer Guarantor Subsidiaries Non-guarantor Subsidiaries Eliminations Consolidated Total Net cash provided by operating activities $ — $ 219 $ 13 $ — $ 232 Cash flows from investing activities Purchases of property, plant and equipment — (156 ) (23 ) — (179 ) Purchases of available-for-sale securities — (133 ) — — (133 ) Sales and maturities of available-for-sale securities — 220 — — 220 Payment for purchase of acquired entities, net of cash acquired — — (11 ) — (11 ) Intercompany activity (319 ) — — 319 — Other investing activities — (6 ) — — (6 ) Net cash used in investing activities (319 ) (75 ) (34 ) 319 (109 ) Cash flows from financing activities Purchases of treasury stock (634 ) — — — (634 ) Common stock dividends paid (45 ) — — — (45 ) Issuance of common stock 7 — — — 7 Excess tax benefit related to exercise of team member stock options 1 — — — 1 Proceeds from long-term borrowings 999 — — — 999 Proceeds from revolving line of credit 300 — — — 300 Payments on long-term debt and capital lease obligations (302 ) — — — (302 ) Intercompany activity — 305 14 (319 ) — Other financing activities (7 ) — — — (7 ) Net cash provided by financing activities 319 305 14 (319 ) 319 Effect of exchange rate changes on cash and cash equivalents — — (1 ) — (1 ) Net change in cash, cash equivalents, and restricted cash — 449 (8 ) — 441 Cash, cash equivalents, and restricted cash at beginning of period — 261 103 — 364 Cash, cash equivalents, and restricted cash at end of period $ — $ 710 $ 95 $ — $ 805

Basis of Presentation (Percenta

Basis of Presentation (Percentage Sales by Geographic Area) (Details)	4 Months Ended
	Jan. 15, 2017	Jan. 17, 2016
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%	97.10%
Canada and United Kingdom [Member]
Percentage sales by geographic area
Percentage of Total Sales	2.90%	2.90%

Basis of Presentation (Percen34

Basis of Presentation (Percentage of Net Long-Lived Assets by Geographic Area) (Details)	Jan. 15, 2017	Sep. 25, 2016
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	97.50%	97.50%
Canada and United Kingdom [Member]
Percentage net long-lived assets by geographic area
Percentage of Total Net Long-Lived Assets	2.50%	2.50%

Basis of Presentation (Narrativ

Basis of Presentation (Narrative) (Details) - Segment	4 Months Ended	12 Months Ended
	Jan. 15, 2017	Sep. 25, 2016
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

Fair Value Measurements (Fair V

Fair Value Measurements (Fair Value Hierarchy) (Details) - Fair value, Measurements, Recurring [Member] - USD ($) $ in Millions	Jan. 15, 2017	Sep. 25, 2016
Assets, Fair Value Disclosure [Abstract]
Total	$ 397	$ 517
Level 1 Inputs [Member]
Assets, Fair Value Disclosure [Abstract]
Total	23	62
Level 2 Inputs [Member]
Assets, Fair Value Disclosure [Abstract]
Total	374	455
Money Market Funds [Member]
Assets, Fair Value Disclosure [Abstract]
Cash Equivalents, Fair Value Disclosure	23	62
Money Market Funds [Member] | Level 1 Inputs [Member]
Assets, Fair Value Disclosure [Abstract]
Cash Equivalents, Fair Value Disclosure	23	62
Commercial Paper [Member]
Assets, Fair Value Disclosure [Abstract]
Cash Equivalents, Fair Value Disclosure		30
Marketable Securities - Available-for-sale		30
Commercial Paper [Member] | Level 2 Inputs [Member]
Assets, Fair Value Disclosure [Abstract]
Cash Equivalents, Fair Value Disclosure		30
Marketable Securities - Available-for-sale		30
Municipal Notes Bonds [Member]
Assets, Fair Value Disclosure [Abstract]
Cash Equivalents, Fair Value Disclosure		46
Marketable Securities - Available-for-sale	31	26
Municipal Notes Bonds [Member] | Level 2 Inputs [Member]
Assets, Fair Value Disclosure [Abstract]
Cash Equivalents, Fair Value Disclosure		46
Marketable Securities - Available-for-sale	31	26
Variable Rate Demand Obligation [Member]
Assets, Fair Value Disclosure [Abstract]
Marketable Securities - Available-for-sale	343	323
Variable Rate Demand Obligation [Member] | Level 2 Inputs [Member]
Assets, Fair Value Disclosure [Abstract]
Marketable Securities - Available-for-sale	$ 343	$ 323

Fair Value Measurements Fair Va

Fair Value Measurements Fair Value Measurements (Narrative) (Details) $ in Millions	4 Months Ended
	Jan. 15, 2017USD ($)
Relocation, Store Closure and Lease Termination Cost [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment of Long-Lived Assets, on a Nonrecurring Basis	$ 34

Investments (Investments at Fai

Investments (Investments at Fair Value) (Details) - USD ($) $ in Millions	Jan. 15, 2017	Sep. 25, 2016
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Current	$ 374	$ 379
Commercial Paper [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Current		30
Municipal Notes [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Current	31	26
Variable Rate Demand Obligation [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Current	$ 343	$ 323

Investments (Narrative) (Detail

Investments (Narrative) (Details) - USD ($) $ in Millions	4 Months Ended	12 Months Ended
	Jan. 15, 2017	Sep. 25, 2016
Investments [Abstract]
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	$ 0	$ 33
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	$ 0
Short-term Investments Average Effective Maturity Period (in months), Less Than and Approximately, Respectively	1 month	1 month
Cost Method Investments	$ 23	$ 19

Goodwill and Other Intangible40

Goodwill and Other Intangible Assets (Components of Intangible Assets) (Details) - USD ($) $ in Millions	Jan. 15, 2017	Sep. 25, 2016
Finite and Indefinite-Lived Intangible Assets [Line Items]
Finite and Indefinite-Lived Intangible Assets, Gross	$ 129	$ 129
Finite-Lived Intangible Assets, Accumulated Amortization	(57)	(55)
Contract-Based Intangible Assets [Member]
Finite and Indefinite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	120	120
Finite-Lived Intangible Assets, Accumulated Amortization	(57)	(55)
Contract-Based Intangible Assets [Member]
Finite and Indefinite-Lived Intangible Assets [Line Items]
Indefinite-Lived Intangible Assets	$ 9	$ 9

Goodwill and Other Intangible41

Goodwill and Other Intangible Assets (Future Amortization Expense) (Details) $ in Millions	Jan. 15, 2017USD ($)
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	5
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	4
Finite-Lived Intangible Assets, Amortization Expense, after Year Five	40
Finite-Lived Intangible Assets, Future Amortization Expense	$ 63

Goodwill and Other Intangible42

Goodwill and Other Intangible Assets (Narrative) (Details) - USD ($) $ in Millions	4 Months Ended
	Jan. 15, 2017	Jan. 17, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill, Additions	$ 0	$ 0
Goodwill, Adjustments	$ 0	$ 0

Store and Facility Closures (De

Store and Facility Closures (Details) - USD ($) $ in Millions	3 Months Ended	4 Months Ended	12 Months Ended
	Apr. 09, 2017	Jan. 15, 2017	Sep. 25, 2016
Restructuring Cost and Reserve [Line Items]
Restructuring Charges		$ 1	$ 6
Relocation, Store Closure and Lease Termination Cost [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member]
Restructuring Cost and Reserve [Line Items]
Impairment of Long-Lived Assets, on a Nonrecurring Basis		$ 34
Scenario, Forecast [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	$ 30

Reserves for Closed Propertie44

Reserves for Closed Properties (Reserves for Closed Properties) (Details) - USD ($) $ in Millions	4 Months Ended	12 Months Ended
	Jan. 15, 2017	Sep. 25, 2016
Restructuring Reserve [Roll Forward]
Beginning Balance	$ 26	$ 28
Additions	1	6
Usage	(2)	(10)
Adjustments	1	2
Ending Balance	$ 26	$ 26

Long-Term Debt (Schedule of Lon

Long-Term Debt (Schedule of Long-Term Debt) (Details) - USD ($) $ in Millions	Jan. 15, 2017	Sep. 25, 2016
Debt Instrument [Line Items]
Total Long-Term Debt and Capital Lease Obligations	$ 1,051	$ 1,051
Less: Current Installments	(3)	(3)
Total Long-Term Debt and Capital Lease Obligations, Less Current Installments	1,048	1,048
Unsecured Debt [Member] | 5.2% Senior Notes due 2025 [Member]
Debt Instrument [Line Items]
5.2% Senior Notes due 2025	1,000	1,000
Less: Unamortized Discount and Debt Issuance Costs Related to Senior Notes	(7)	(7)
Carrying Value of Senior Notes	993	993
Capital Lease Obligations [Member]
Debt Instrument [Line Items]
Capital Lease Obligations	$ 58	$ 58

Long-Term Debt (Credit Agreemen

Long-Term Debt (Credit Agreement) (Narrative) (Details) - USD ($) $ in Millions	4 Months Ended
	Jan. 15, 2017	Jan. 17, 2016
Line of Credit Facility [Line Items]
Proceeds from revolving line of credit		$ 300
Repayments of Lines of Credit		$ 300
Long-term Line of Credit	$ 0
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
Unsecured Debt [Member] | Letter of Credit [Member]
Line of Credit Facility [Line Items]
Conditional Additional Borrowing Capacity Under Line of Credit Facility	$ 250

Long-Term Debt (Senior Notes) (

Long-Term Debt (Senior Notes) (Narrative) (Details) - Unsecured Debt [Member] - 5.2% Senior Notes due 2025 [Member] - USD ($) $ in Millions	4 Months Ended
	Jan. 15, 2017	Sep. 25, 2016
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 1,000	$ 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, Fair Value Exceeded Carrying Value	$ 70

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details)	4 Months Ended
	Jan. 15, 2017	Jan. 17, 2016
Income Tax Disclosure [Abstract]
Effective Tax Rate, Percent	39.00%	37.00%

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. 25, 2016	Jul. 03, 2016	Apr. 10, 2016	Jan. 15, 2017	Jan. 17, 2016	Sep. 25, 2016
Dividends Per Common Share [Abstract]
Dividends Payable, Date Declared	Sep. 22, 2016	Jun. 7, 2016	Mar. 9, 2016	Nov. 2, 2016	Nov. 4, 2015
Dividends declared per common share (in dollars per share)	$ 0.135	$ 0.135	$ 0.135	$ 0.14	$ 0.135	$ 0.54
Dividends Payable, Date of Record	Oct. 3, 2016	Jul. 1, 2016	Apr. 8, 2016	Jan. 13, 2017	Jan. 15, 2016
Dividends Payable, Date to be Paid	Oct. 14, 2016	Jul. 12, 2016	Apr. 19, 2016	Jan. 24, 2017	Jan. 26, 2016
Dividends, Common Stock, Cash	$ 43	$ 43	$ 44	$ 45	$ 44	$ 174

Shareholders' Equity (Share Rep

Shareholders' Equity (Share Repurchase Programs) (Details) - Nov. 4, 2015 Share Repurchase Program [Member]	Jan. 15, 2017USD ($)
Stock Repurchase Program, Authorized Amount	$ 1,000,000,000
Stock Repurchase Program, Amount Utilized For Repurchases	557,000,000
Stock Repurchase Program, Remaining Authorized Repurchase Amount	$ 443,000,000

Shareholders' Equity (Share R51

Shareholders' Equity (Share Repurchase Activity) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	4 Months Ended	12 Months Ended
	Jan. 17, 2016	Sep. 25, 2016
Equity [Abstract]
Treasury Stock, Shares, Acquired	21.2
Treasury Stock Acquired, Average Cost Per Share	$ 29.96
Treasury Stock, Value, Acquired, Cost Method	$ 634	$ 944

Shareholders' Equity (Narrative

Shareholders' Equity (Narrative) (Details) - USD ($) shares in Millions, $ in Millions	4 Months Ended
	Jan. 15, 2017	Jan. 17, 2016	Sep. 25, 2016
Treasury Stock [Abstract]
Treasury Stock Reissued During Period, Shares	0.2	0.3
Treasury Stock Reissued During Period, Value	$ 8	$ 11
Treasury Stock, Shares	58.5		58.7
Treasury Stock, Value	$ 2,018		$ 2,026

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. 15, 2017	Jan. 17, 2016	Sep. 25, 2016
Earnings Per Share [Abstract]
Net Income	$ 95	$ 157	$ 507
Weighted Average Number of Shares Outstanding, Basic	318.2	337
Potential common shares outstanding [Abstract]
Incremental Common Shares Attributable to Dilutive Effect of Share-based Awards	0.5	1.2
Weighted Average Number of Shares Outstanding, Diluted	318.7	338.2
Basic earnings per share (in dollars per share)	$ 0.30	$ 0.47
Diluted earnings per share (in dollars per share)	$ 0.30	$ 0.46

Earnings per Share (Narrative)

Earnings per Share (Narrative) (Details) - shares shares in Millions	4 Months Ended
	Jan. 15, 2017	Jan. 17, 2016
Earnings Per Share [Abstract]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	24.5	18.7

Share-Based Payments (Narrative

Share-Based Payments (Narrative) (Details) - USD ($) shares in Millions, $ in Millions	4 Months Ended
	Jan. 15, 2017	Jan. 17, 2016	Sep. 25, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Payment Expense	$ 14	$ 16
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	30.3		29.8
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	$ 61		$ 73
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Number of Shares	10.3		10.5
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	2 years 8 months

Consolidated Statements of Bala

Consolidated Statements of Balance Sheets with Guarantor Information (Details) - USD ($) $ in Millions	Jan. 15, 2017	Sep. 25, 2016	Sep. 27, 2015
Current assets:
Cash and cash equivalents	$ 350	$ 351
Short-term investments - available-for-sale securities	374	379
Restricted cash	125	122
Accounts receivable	251	242
Merchandise inventories	554	517
Prepaid expenses and other current assets	123	167
Deferred income taxes	210	197
Total current assets	1,987	1,975
Property and equipment, net of accumulated depreciation and amortization	3,460	3,442
Goodwill	710	710
Intangible assets, net of accumulated amortization	72	74
Deferred income taxes	111	100
Other assets	42	40
Total assets	6,382	6,341
Current liabilities:
Current installments of long-term debt and capital lease obligations	3	3
Accounts payable	288	307
Accrued payroll, bonus and other benefits due team members	421	407
Dividends payable	45	43
Other current liabilities	543	581
Total current liabilities	1,300	1,341
Long-term debt and capital lease obligations, less current installments	1,048	1,048
Deferred lease liabilities	653	640
Other long-term liabilities	89	88
Total liabilities	3,090	3,117
Commitments and contingencies
Shareholders’ equity:
Total shareholders’ equity	3,292	3,224	$ 3,769
Total liabilities and shareholders’ equity	6,382	6,341
Parent Company [Member]
Current assets:
Investments in consolidated subsidiaries	4,695	4,593
Intangible assets, net of accumulated amortization	1	1
Total assets	4,696	4,594
Current liabilities:
Intercompany payable	360	317
Accrued payroll, bonus and other benefits due team members
Dividends payable	45	43
Other current liabilities	6	17
Total current liabilities	411	377
Long-term debt and capital lease obligations, less current installments	993	993
Total liabilities	1,404	1,370
Commitments and contingencies
Shareholders’ equity:
Total shareholders’ equity	3,292	3,224
Total liabilities and shareholders’ equity	4,696	4,594
Guarantor Subsidiaries [Member]
Current assets:
Cash and cash equivalents	252	254
Short-term investments - available-for-sale securities	374	379
Restricted cash	118	114
Accounts receivable	229	216
Intercompany receivable	695	649
Merchandise inventories	467	441
Prepaid expenses and other current assets	106	150
Deferred income taxes	210	197
Total current assets	2,451	2,400
Property and equipment, net of accumulated depreciation and amortization	3,075	3,063
Investments in consolidated subsidiaries	105	103
Goodwill	703	702
Intangible assets, net of accumulated amortization	62	63
Deferred income taxes	105	94
Other assets	15	16
Total assets	6,516	6,441
Current liabilities:
Current installments of long-term debt and capital lease obligations	3	3
Accounts payable	209	227
Accrued payroll, bonus and other benefits due team members	395	381
Other current liabilities	500	536
Total current liabilities	1,107	1,147
Long-term debt and capital lease obligations, less current installments	48	48
Deferred lease liabilities	603	592
Other long-term liabilities	88	87
Total liabilities	1,846	1,874
Commitments and contingencies
Shareholders’ equity:
Total shareholders’ equity	4,670	4,567
Total liabilities and shareholders’ equity	6,516	6,441
Non-Guarantor Subsidiaries [Member]
Current assets:
Cash and cash equivalents	98	97
Restricted cash	7	8
Accounts receivable	22	26
Merchandise inventories	87	76
Prepaid expenses and other current assets	17	17
Total current assets	231	224
Property and equipment, net of accumulated depreciation and amortization	385	379
Investments in consolidated subsidiaries	474	472
Goodwill	7	8
Intangible assets, net of accumulated amortization	9	10
Deferred income taxes	6	6
Other assets	27	24
Total assets	1,139	1,123
Current liabilities:
Accounts payable	79	80
Intercompany payable	335	333
Accrued payroll, bonus and other benefits due team members	26	26
Other current liabilities	37	28
Total current liabilities	477	467
Long-term debt and capital lease obligations, less current installments	7	7
Deferred lease liabilities	50	48
Other long-term liabilities	1	1
Total liabilities	535	523
Commitments and contingencies
Shareholders’ equity:
Total shareholders’ equity	604	600
Total liabilities and shareholders’ equity	1,139	1,123
Eliminations [Member]
Current assets:
Intercompany receivable	(695)	(649)
Total current assets	(695)	(649)
Investments in consolidated subsidiaries	(5,274)	(5,168)
Total assets	(5,969)	(5,817)
Current liabilities:
Intercompany payable	(695)	(650)
Total current liabilities	(695)	(650)
Total liabilities	(695)	(650)
Commitments and contingencies
Shareholders’ equity:
Total shareholders’ equity	(5,274)	(5,167)
Total liabilities and shareholders’ equity	$ (5,969)	$ (5,817)

Consolidated Statements of Op57

Consolidated Statements of Operations with Guarantor Information (Details) - USD ($) $ in Millions	4 Months Ended		12 Months Ended
	Jan. 15, 2017	Jan. 17, 2016	Sep. 25, 2016
Income Statement
Sales	$ 4,918	$ 4,829
Cost of goods sold and occupancy costs	3,268	3,188
Gross profit	1,650	1,641
Selling, general and administrative expenses	1,417	1,373
Pre-opening expenses	21	13
Relocation, store closure and lease termination costs	41	3
Operating income	171	252
Interest expense	(15)	(7)
Investment and other income (expense)		4
Income before income taxes	156	249
Provision for income taxes	61	92
Net income	95	157	$ 507
Parent Company [Member]
Income Statement
Interest expense	(15)	(7)
Equity in net income of subsidiaries	104	161
Income before income taxes	89	154
Provision for income taxes	(6)	(3)
Net income	95	157
Guarantor Subsidiaries [Member]
Income Statement
Sales	4,672	4,584
Cost of goods sold and occupancy costs	3,110	3,029
Gross profit	1,562	1,555
Selling, general and administrative expenses	1,337	1,294
Pre-opening expenses	18	10
Relocation, store closure and lease termination costs	40	3
Operating income	167	248
Investment and other income (expense)		5
Equity in net income of subsidiaries	2	3
Income before income taxes	169	256
Provision for income taxes	65	93
Net income	104	163
Non-Guarantor Subsidiaries [Member]
Income Statement
Sales	314	289
Cost of goods sold and occupancy costs	224	202
Gross profit	90	87
Selling, general and administrative expenses	80	79
Pre-opening expenses	3	3
Relocation, store closure and lease termination costs	1
Operating income	6	5
Investment and other income (expense)	(1)	(2)
Equity in net income of subsidiaries	1	6
Income before income taxes	6	9
Provision for income taxes	2	2
Net income	4	7
Eliminations [Member]
Income Statement
Sales	(68)	(44)
Cost of goods sold and occupancy costs	(66)	(43)
Gross profit	(2)	(1)
Operating income	(2)	(1)
Investment and other income (expense)	1	1
Equity in net income of subsidiaries	(107)	(170)
Income before income taxes	(108)	(170)
Net income	$ (108)	$ (170)

Consolidated Statements of Co58

Consolidated Statements of Comprehensive Income with Guarantor Information (Details) - USD ($) $ in Millions	4 Months Ended		12 Months Ended
	Jan. 15, 2017	Jan. 17, 2016	Sep. 25, 2016
Net income	$ 95	$ 157	$ 507
Other Comprehensive Income (Loss), Net of Tax [Abstract]
Foreign currency translation adjustments	(1)	(10)
Other comprehensive income (loss), net of tax	(1)	(10)	$ (4)
Comprehensive income (loss)	94	147
Parent Company [Member]
Net income	95	157
Other Comprehensive Income (Loss), Net of Tax [Abstract]
Comprehensive income (loss)	95	157
Guarantor Subsidiaries [Member]
Net income	104	163
Other Comprehensive Income (Loss), Net of Tax [Abstract]
Foreign currency translation adjustments	(4)	4
Other comprehensive income (loss), net of tax	(4)	4
Comprehensive income (loss)	100	167
Non-Guarantor Subsidiaries [Member]
Net income	4	7
Other Comprehensive Income (Loss), Net of Tax [Abstract]
Foreign currency translation adjustments	3	(14)
Other comprehensive income (loss), net of tax	3	(14)
Comprehensive income (loss)	7	(7)
Eliminations [Member]
Net income	(108)	(170)
Other Comprehensive Income (Loss), Net of Tax [Abstract]
Comprehensive income (loss)	$ (108)	$ (170)

Condensed Consolidated Statemen

Condensed Consolidated Statements of Cash Flows with Guarantor Information (Details) - USD ($) $ in Millions	4 Months Ended
	Jan. 15, 2017	Jan. 17, 2016
Net Cash Provided by (Used in) Operating Activities [Abstract]
Net cash provided by (used in) operating activities	$ 284	$ 232
Net Cash Provided by (Used in) Investing Activities [Abstract]
Purchases of property, plant and equipment	(245)	(179)
Purchases of available-for-sale securities	(200)	(133)
Sales and maturities of available-for-sale securities	205	220
Payment for purchase of acquired entities, net of cash acquired		(11)
Other investing activities	(4)	(6)
Net cash provided by (used in) investing activities	(244)	(109)
Net Cash Provided by (Used in) Financing Activities [Abstract]
Purchases of treasury stock		(634)
Common stock dividends paid	(43)	(45)
Issuance of common stock	5	7
Excess tax benefit related to exercise of team member stock options		1
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	(38)	319
Effect of exchange rate changes on cash and cash equivalents		(1)
Net change in cash, cash equivalents, and restricted cash	2	441
Cash, cash equivalents, and restricted cash at beginning of period	473	364
Cash, cash equivalents, and restricted cash at end of period	475	805
Parent Company [Member]
Net Cash Provided by (Used in) Operating Activities [Abstract]
Net cash provided by (used in) operating activities	(26)
Net Cash Provided by (Used in) Investing Activities [Abstract]
Intercompany activity	64	(319)
Net cash provided by (used in) investing activities	64	(319)
Net Cash Provided by (Used in) Financing Activities [Abstract]
Purchases of treasury stock		(634)
Common stock dividends paid	(43)	(45)
Issuance of common stock	5	7
Excess tax benefit related to exercise of team member stock options		1
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	(38)	319
Guarantor Subsidiaries [Member]
Net Cash Provided by (Used in) Operating Activities [Abstract]
Net cash provided by (used in) operating activities	293	219
Net Cash Provided by (Used in) Investing Activities [Abstract]
Purchases of property, plant and equipment	(226)	(156)
Purchases of available-for-sale securities	(200)	(133)
Sales and maturities of available-for-sale securities	205	220
Other investing activities	(4)	(6)
Net cash provided by (used in) investing activities	(225)	(75)
Net Cash Provided by (Used in) Financing Activities [Abstract]
Intercompany activity	(66)	305
Net cash provided by (used in) financing activities	(66)	305
Net change in cash, cash equivalents, and restricted cash	2	449
Cash, cash equivalents, and restricted cash at beginning of period	368	261
Cash, cash equivalents, and restricted cash at end of period	370	710
Non-Guarantor Subsidiaries [Member]
Net Cash Provided by (Used in) Operating Activities [Abstract]
Net cash provided by (used in) operating activities	17	13
Net Cash Provided by (Used in) Investing Activities [Abstract]
Purchases of property, plant and equipment	(19)	(23)
Payment for purchase of acquired entities, net of cash acquired		(11)
Net cash provided by (used in) investing activities	(19)	(34)
Net Cash Provided by (Used in) Financing Activities [Abstract]
Intercompany activity	2	14
Net cash provided by (used in) financing activities	2	14
Effect of exchange rate changes on cash and cash equivalents		(1)
Net change in cash, cash equivalents, and restricted cash		(8)
Cash, cash equivalents, and restricted cash at beginning of period	105	103
Cash, cash equivalents, and restricted cash at end of period	105	95
Eliminations [Member]
Net Cash Provided by (Used in) Investing Activities [Abstract]
Intercompany activity	(64)	319
Net cash provided by (used in) investing activities	(64)	319
Net Cash Provided by (Used in) Financing Activities [Abstract]
Intercompany activity	64	(319)
Net cash provided by (used in) financing activities	$ 64	$ (319)