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Pension and Other Postretirement Pension Plans (Tables)

12 Months Ended

Sep. 29, 2017

Schedule of Change in Plans' Combined Net Benefit Obligation

The following table sets forth the changes in the plans’ combined net benefit obligation (segregated between plans existing within and outside the U.S.) for the years ended September 29, 2017 and September 30, 2016 (in thousands):

	U.S. Pension Plans						Non-U.S. Pension Plans
	September 29, 2017			September 30, 2016			September 29, 2017			September 30, 2016
Net benefit obligation at the beginning of the year	$	185,664		$	533,665		$	1,363,782		$	1,155,592
Service cost		1,000			9,875			7,509			14,378
Interest cost		5,757			16,746			31,205			38,892
Participants’ contributions		—			1,847			250			2,255
Actuarial (gains)/losses		(9,922	)		29,129			(142,273	)		382,691
Benefits paid		(14,338	)		(14,143	)		(40,208	)		(32,277	)
Curtailments/settlements		—			(35,224	)		(1,375	)		(35,375	)
Transfers *		—			(356,231	)		—			—
Effect of exchange rate changes and other, net		1,781			—			87,917			(162,374	)
Net benefit obligation at the end of the year	$	169,942		$	185,664		$	1,306,807		$	1,363,782
* Pension plan transferred to a new sponsor for the plan

Schedule of Change in Combined Fair Value of the Plans' Assets

The following table sets forth the changes in the combined Fair Value of the plans’ assets (segregated between plans existing within and outside the U.S.) for the year ended September 29, 2017 and September 30, 2016 (in thousands):

	U.S. Pension Plans						Non-U.S. Pension Plans
	September 29, 2017			September 30, 2016			September 29, 2017			October 2, 2016
Fair value of plan assets at the beginning of the year	$	142,464		$	379,907		$	1,003,911		$	896,298
Actual return on plan assets		18,662			28,835			16,789			242,927
Employer contributions		1,000			10,213			21,005			23,217
Participants’ contributions		—			1,847			250			2,255
Gross benefits paid		(14,338	)		(14,143	)		(40,208	)		(32,277	)
Curtailments/settlements		—			(35,224	)		(228	)		(1,863	)
Transfers*		—			(228,971	)		—			—
Effect of exchange rate changes and other, net		—			—			75,409			(126,646	)
Fair value of plan assets at the end of the year	$	147,788		$	142,464		$	1,076,928		$	1,003,911
* Pension plan transferred to a new sponsor for the plan

Reconciliation of Combined Funded Status of Plans and Recognized in Consolidated Balance Sheet

The following table reconciles the combined funded statuses of the plans recognized in the accompanying Consolidated Balance Sheets at September 29, 2017 and September 30, 2016 (segregated between plans existing within and outside the U.S.) (in thousands):

	U.S. Pension Plans				Non-U.S. Pension Plans
	September 29, 2017		September 30, 2016		September 29, 2017		September 30, 2016
Net benefit obligation at the end of the year	$	169,942	$	185,664	$	1,306,807	$	1,363,782
Fair value of plan assets at the end of the year		147,788		142,464		1,076,928		1,003,911
Under funded amount recognized at the end of the year	$	22,154	$	43,200	$	229,879	$	359,871

Schedule of Accumulated and Projected Benefit Obligations

The following table presents the accumulated benefit obligation at September 29, 2017 and September 30, 2016 (segregated between plans existing within and outside the U.S.) (in thousands):

	U.S. Pension Plans				Non-U.S. Pension Plans
	September 29, 2017		September 30, 2016		September 29, 2017		September 30, 2016
Accumulated benefit obligation at the end of the year	$	169,942	$	185,664	$	1,291,600	$	1,331,884

Schedule of Amount Recognized in Accompanying Balance Sheets

The following table presents the amounts recognized in the accompanying Consolidated Balance Sheets at September 29, 2017 and September 30, 2016 (segregated between plans existing within and outside the U.S.) (in thousands):

	U.S. Pension Plans				Non-U.S. Pension Plans
	September 29, 2017		September 30, 2016		September 29, 2017		September 30, 2016
Prepaid benefit cost included in prepaid assets	$	—	$	—	$	3,035	$	492
Accrued benefit cost included in current liabilities		—		—		585		608
Accrued benefit cost included in noncurrent liabilities		22,154		43,200		232,329		359,755
Net amount recognized at the end of the year	$	22,154	$	43,200	$	229,879	$	359,871

Schedule of Pension Plans Recorded in Accumulated Other Comprehensive Loss Not Yet Recognized as Component of Net Periodic Pension Cost

The following table presents certain amounts relating to our pension plans recorded in accumulated other comprehensive loss that have not yet been recognized as components of net periodic benefit cost at September 29, 2017, and September 30, 2016 (segregated between U.S. and non-U.S. plans) (in thousands):

	U.S. Pension Plans				Non-U.S. Pension Plans
	September 29, 2017		September 30, 2016		September 29, 2017			September 30, 2016
Net actuarial loss	$	47,681	$	61,483	$	218,752		$	304,345
Prior service cost		—		—		(855	)		(1,203	)
Total	$	47,681	$	61,483	$	217,897		$	303,142

Schedule of Accumulated Comprehensive Income Amortized Against Earnings in the Next Year

The following table presents the amount of accumulated comprehensive income that will be amortized against earnings as part of our net periodic benefit cost in fiscal 2018 based on 2017 exchange rates (segregated between U.S. and non-U.S. plans) (in thousands):

	U.S. Pension Plans		Non-U.S. Pension Plans
Unrecognized net actuarial loss	$	3,325	$	6,829
Unrecognized prior service cost		—		(277	)
Accumulated comprehensive loss to be recorded against earnings	$	3,325	$	6,552

Schedule of Weighted Average Measurement of Assets and Liabilities

The plans’ weighted average asset allocations at September 29, 2017 and September 30, 2016 (the measurement dates used in valuing the plans’ assets and liabilities) were as follows:

	U.S. Pension Plans						Non-U.S. Pension Pans
	September 29, 2017			September 30, 2016			September 29, 2017			September 30, 2016
Equity securities		70	%		71	%		24	%		25	%
Debt securities		23	%		20	%		32	%		32	%
Real estate investments		—	%		2	%		5	%		6	%
Other		7	%		7	%		39	%		37	%

Anticipated Cash Contributions

The following table presents the amount of cash contributions we anticipate making into the plans during fiscal 2018 (in thousands):

U.S.

Pension Plans

Non-U.S.

Pension Pans

Anticipated cash contributions

1,300

22,574

Schedule of Expected Payments to Participants in Pension Plan

The following table presents the total benefit payments expected to be paid to pension plan participants during each of the next five fiscal years, and in total for the five years thereafter (in thousands):

	U.S. Pension Plans		Non-U.S. Pension Pans
2018	$	21,506	$	31,063
2019		11,372		32,509
2020		11,377		32,923
2021		11,472		36,220
2022		11,485		38,086
For the periods 2023 through 2027		54,747		231,183

Schedule of Contribution to Multiemployer Pension Plans

The following table presents the Company’s contributions to these multiemployer plans for the years ended September 29, 2017, September 30, 2016 and October 2, 2015 (in thousands):

	September 29, 2017		September 30, 2016		October 2, 2015
Canada	$	35,182	$	44,912	$	42,575
Europe	$	6,212	$	8,771	$	10,902
United States	$	4,548	$	5,058	$	5,968
Contributions to multiemployer pension plans	$	45,942	$	58,741	$	59,445

U.S. Pension Plans

Schedule of Significant Actuarial Assumptions in Determining the Funded Status Plans

The following table presents the significant actuarial assumptions used in determining the funded statuses and the following year's benefit cost of the Company’s U.S. plans for the years ended September 29, 2017, September 30, 2016 and October 2, 2015:

	For the Year Ended
	September 29, 2017			September 30, 2016			October 2, 2015
Weighted average discount rates		3.5	%	3.2			3.9% to 4.0%
Rates of compensation increases		—	%		—	%		3.0	%
Return on Assets		7.5	%		7.4	%		7.4	%

Schedule of Pension Plans Recognized in Accumulated Other Comprehensive Loss

The following table presents certain amounts relating to our U.S. pension plans recognized in accumulated other comprehensive (gain) loss at September 29, 2017, September 30, 2016 and October 2, 2015 (in thousands):

	September 29, 2017			September 30, 2016			October 2, 2015
Arising during the period:
Net actuarial (gain) loss	$	(11,372	)	$	4,337		$	12,237
Reclassification adjustments:
Net actuarial losses		(2,431	)		(2,312	)		(2,347	)
Total	$	(13,803	)	$	2,025		$	9,890

Schedule of Fair Value of Pension Plan Assets

The following table presents the Fair Value of the Company’s Domestic U.S. plan assets at September 29, 2017, segregated by level of Fair Value measurement inputs within the Fair Value hierarchy promulgated by U.S. GAAP (in thousands):

	September 29, 2017
	Fair Value, Determined Using Fair Value Measurement Inputs
	Level 1		Level 3		Total
U.S. Domestic equities	$	103,760	$	—	$	103,760
U.S. Domestic bonds		33,404		—		33,404
Cash and equivalents		4,448		—		4,448
Hedge funds		—		6,176		6,176
Total	$	141,612	$	6,176	$	147,788

The following table presents the Fair Value of the Company’s U.S. pension plan assets at September 30, 2016, segregated by level of Fair Value measurement inputs within the Fair Value hierarchy promulgated by U.S. GAAP (in thousands):

	September 30, 2016
	Fair Value, Determined Using Fair Value Measurement Inputs
	Level 1		Level 3		Total
U.S. Domestic equities	$	85,494	$	—	$	85,494
Overseas equities		15,169		—		15,169
U.S. Domestic bonds		28,886		—		28,886
Cash and equivalents		3,723		—		3,723
Real estate		—		3,477		3,477
Hedge funds		—		5,715		5,715
Total	$	133,272	$	9,192	$	142,464

Summary of Changes in the Fair Value of the Plans' Level 3 Assets

The following table summarizes the changes in the Fair Value of the Company’s U.S. Pension Plans’ Level 3 assets for the year ended September 29, 2017 (in thousands):

	Real Estate			Hedge Funds
Balance at September 30, 2016	$	3,477		$	5,715
Purchases, sales, and settlements		(3,477	)		(557	)
Realized and unrealized gains		—			1,018
Balance at September 29, 2017	$	—		$	6,176

The following table summarizes the changes in the Fair Value of the Company’s U.S. Pension Plans’ Level 3 assets for the year ended September 30, 2016 (in thousands):

	Real Estate			Hedge Funds
Balance at October 2, 2015	$	9,914		$	16,372
Purchases		(6,530	)		(10,788	)
Realized and unrealized gains		93			131
Balance at September 30, 2016	$	3,477		$	5,715

Schedule of Components of Net Periodic Pension Cost Recognized

The following table presents the components of net periodic benefit cost for the Company’s U.S. pension plans recognized in the accompanying Consolidated Statements of Earnings for the years ended September 29, 2017, September 30, 2016 and October 2, 2015 (in thousands):

	September 29, 2017			September 30, 2016			October 2, 2015
Service cost	$	1,000		$	9,875		$	12,045
Interest cost		5,757			16,746			20,629
Expected return on plan assets		(9,942	)		(22,368	)		(29,526	)
Actuarial loss		3,985			7,512			3,756
Prior service cost		—			(176	)		(239	)
Net pension cost, before special items		800			11,589			6,665
Contractual expense/Settlement loss		1,781			8,061			—
Total net periodic pension cost recognized	$	2,581		$	19,650		$	6,665

Non-U.S. Pension Plans

Schedule of Significant Actuarial Assumptions in Determining the Funded Status Plans

The following table presents the significant actuarial assumptions used in determining the funded statuses and the following year's benefit cost of the Company’s non-U.S. pension plans for the years ended September 29, 2017, September 30, 2016 and October 2, 2015:

	September 29, 2017	September 30, 2016	October 2, 2015
Weighted average discount rates	1.3% to 7.0%	0.7% to 7.0%	1.6% to 7.8%
Rates of compensation increases	2.5% to 7.5%	2.5% to 7.5%	2.4% to 7.5%
Expected long-term rates of return on assets	3.5% to 8.5%	3.5% to 8.5%	3.5% to 8.5%

Schedule of Pension Plans Recognized in Accumulated Other Comprehensive Loss

The following table presents certain amounts relating to our non-U.S. pension plans recognized in accumulated other comprehensive (gain) loss at September 29, 2017, September 30, 2016 and October 2, 2015 (in thousands):

	September 29, 2017			September 30, 2016			October 2, 2015
Arising during the period:
Net actuarial (gain) loss	$	(76,860	)	$	102,925		$	(27,165	)
Prior service cost (benefit)		119			580			(1,512	)
Total		(76,741	)		103,505			(28,677	)
Reclassification adjustments:
Net actuarial losses		(8,732	)		(7,508	)		(14,034	)
Prior service cost		229			163			51
Total		(8,503	)		(7,345	)		(13,983	)
Total	$	(85,244	)	$	96,160		$	(42,660	)

Schedule of Fair Value of Pension Plan Assets

The following table presents the Fair Value of the Company’s non-U.S. pension plan assets at September 29, 2017, segregated by level of Fair Value measurement inputs within the Fair Value hierarchy promulgated by U.S. GAAP (in thousands):

	September 29, 2017
	Fair Value, Determined Using Fair Value Measurement Inputs
	Level 1		Level 3		Total
U.S. Domestic equities	$	30,916	$	—	$	30,916
Overseas equities		229,205		—		229,205
U.S. Domestic bonds		263,145		—		263,145
Overseas bonds		77,682		—		77,682
Cash and equivalents		38,924		—		38,924
Real estate		—		58,974		58,974
Insurance contracts		—		74,353		74,353
Other		—		303,729		303,729
Total	$	639,872	$	437,056	$	1,076,928

The following table presents the Fair Value of the Company’s non-U.S. pension plan assets at September 30, 2016, segregated by level of Fair Value measurement inputs within the Fair Value hierarchy promulgated by U.S. GAAP (in thousands):

	September 30, 2016
	Fair Value, Determined Using Fair Value Measurement Inputs
	Level 1		Level 3		Total
U.S. Domestic equities	$	31,972	$	—	$	31,972
Overseas equities		220,179		—		220,179
U.S. Domestic bonds		258,949		—		258,949
Overseas bonds		61,974		—		61,974
Cash and equivalents		63,182		—		63,182
Real estate		—		55,665		55,665
Insurance contracts		—		39,473		39,473
Hedge funds		—		272,517		272,517
Total	$	636,256	$	367,655	$	1,003,911

Summary of Changes in the Fair Value of the Plans' Level 3 Assets

The following table summarizes the changes in the Fair Value of the Company’s non-U.S. Pension Plans’ Level 3 assets for the year ended September 29, 2017 (in thousands):

	Real Estate			Insurance Contracts			Hedge Funds
Balance at September 30, 2016	$	55,665		$	39,473		$	272,517
Purchases, sales, and settlements		(1,199	)		422			(9,022	)
Realized and unrealized gains (losses)		2,642			(7,572	)		19,662
Transfers		—			40,031			11,758
Effect of exchange rate changes		1,866			1,999			8,814
Balance at September 29, 2017	$	58,974		$	74,353		$	303,729

The following table summarizes the changes in the Fair Value of the Company’s non-U.S. Pension Plans’ Level 3 assets for the year ended September 30, 2016 (in thousands):

	Real Estate			Insurance Contracts			Hedge Funds
Balance at October 2, 2015	$	61,996		$	32,522		$	260,720
Purchases, sales, and settlements		(462	)		(165	)		(1,205	)
Realized and unrealized gains		2,572			6,451			57,656
Effect of exchange rate changes		(8,441	)		665			(44,654	)
Balance at September 30, 2016	$	55,665		$	39,473		$	272,517

Schedule of Components of Net Periodic Pension Cost Recognized

The following table presents the components of net periodic benefit cost for the Company’s Non-U.S. pension plans recognized in the accompanying Consolidated Statements of Earnings for the years ended September 29, 2017, September 30, 2016 and October 2, 2015 (in thousands):

	September 29, 2017			September 30, 2016			October 2, 2015
Service cost	$	7,509		$	14,378		$	21,374
Interest cost		31,205			38,892			44,659
Expected return on plan assets		(56,269	)		(50,190	)		(53,052	)
Actuarial loss		10,616			9,092			17,398
Prior service cost		(329	)		(260	)		(96	)
Net pension cost, before special items		(7,268	)		11,912			30,283
Curtailments and settlements		(298	)		(7,512	)		255
Total net periodic pension cost recognized	$	(7,566	)	$	4,400		$	30,538