ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)

6 Months Ended

Mar. 30, 2024

Schedule of Reclassifications out of Accumulated Other Comprehensive Loss

The following table presents the total changes by component in accumulated other comprehensive loss (“AOCL”), net of taxes, for the twenty-six week periods ended March 30, 2024 and April 1, 2023 (in millions):


	Unrealized (losses) gains on derivatives (1)		Pension and post-retirement benefit plans adjustment (2)		Foreign currency translation adjustment (3)		Total
Balance at September 30, 2023	$	143	$	2	$	(243)	$	(98)


Net current-period other comprehensive (loss) income (4)	(51)		—		31		(20)
Balance at March 30, 2024	$	92	$	2	$	(212)	$	(118)

Balance at September 30, 2022	$	123	$	(10)	$	(380)	$	(267)


Net current-period other comprehensive (loss) income (4)	(9)		—		180		171
Balance at April 1, 2023	$	114	$	(10)	$	(200)	$	(96)

(1)Represents unrealized (losses) gains on derivatives designated and qualifying as cash flow hedges, net of taxes, of ($1) million and $8 million for the thirteen week periods ended March 30, 2024 and April 1, 2023, respectively, and $17 million and $1 million for the twenty-six week periods ended March 30, 2024 and April 1, 2023, respectively.

(2)There were no material pension liability adjustments, net of taxes, related to activity on the defined pension plan and postretirement benefit plan for the thirteen and twenty-six week periods ended March 30, 2024 and April 1, 2023, respectively.

(3)Represents gains (losses) resulting from foreign currency translation of financial statements, including gains (losses) from certain intercompany transactions, into U.S. dollars at the rates of exchange in effect at the balance sheet dates.

(4)Presented net of reclassifications out of AOCL into earnings, specifically net sales and interest expense-net, for realized (losses) gains on derivatives designated and qualifying as cash flow hedges of ($2) million (net of taxes of ($0.5) million) and $55 million (net of taxes of $17 million), respectively, for the twenty-six week period ended March 30, 2024 and ($1) million (net of taxes of ($0.2) million) and $21 million (net of taxes of $6 million), respectively, for the twenty-six week period ended April 1, 2023.