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ACCUMULATED OTHER COMPREHENSIVE LOSS | 9 Months Ended
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Jun. 29, 2024
Equity [Abstract] |
ACCUMULATED OTHER COMPREHENSIVE LOSS | ACCUMULATED OTHER COMPREHENSIVE LOSS The following table presents the total changes by component in accumulated other comprehensive loss (“AOCL”), net of taxes, for the thirty-nine week periods ended June 29, 2024 and July 1, 2023 (in millions):
| Unrealized gains (losses) 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) | (72) |  |  | — |  |  | 24 |  |  | (48) |
Balance at June 29, 2024 | $ | 71 |  |  | $ | 2 |  |  | $ | (219) |  |  | $ | (146) |
Balance at September 30, 2022 | $ | 123 |  |  | $ | (10) |  |  | $ | (380) |  |  | $ | (267) |
Net current-period other comprehensive income (loss) (4) | 26 |  |  | — |  |  | 211 |  |  | 237 |
Balance at July 1, 2023 | $ | 149 |  |  | $ | (10) |  |  | $ | (169) |  |  | $ | (30) |
(1)Represents unrealized gains (losses) on derivatives designated and qualifying as cash flow hedges, net of taxes, of $3 million and $(11) million for the thirteen week periods ended June 29, 2024 and July 1, 2023, respectively, and $20 million and $(10) million for the thirty-nine week periods ended June 29, 2024 and July 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 thirty-nine week periods ended June 29, 2024 and July 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 $(0.7) million) and $84 million (net of taxes of $26 million), respectively, for the thirty-nine week period ended June 29, 2024 and $(1) million (net of taxes of $(0.3) million) and $42 million (net of taxes of $13 million), respectively, for the thirty-nine week period ended July 1, 2023.

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- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/220/tableOfContent + Details
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