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Borrowings and Credit Arrangements (Tables)

6 Months Ended

Mar. 28, 2020

Debt Disclosure [Abstract]

Company's Borrowings

The Company’s borrowings consisted of the following: 

	March 28, 2020				September 28, 2019
Current debt obligations, net of debt discount and deferred issuance costs:
Term Loan	$	56.1			$	37.4
Revolver	750.0				—
Securitization Program	—				234.0
Total current debt obligations	$	806.1			$	271.4
Long-term debt obligations, net of debt discount and deferred issuance costs:
Term Loan	1,416.2				1,452.4
Debt assumed from SSI acquisition	0.6				—
2025 Senior Notes	938.3				937.3
2028 Senior Notes	394.2				393.9
Total long-term debt obligations	$	2,749.3			$	2,783.6
Total debt obligations	$	3,555.4			$	3,055.0

Schedule of Line of Credit Facilities

Interest expense, weighted average interest rate, and interest rate at the end of period under the Credit Agreements were as follow

Schedule Of Interest Expense Under Convertible Notes

8.

Interest expense for the 2028 Senior Notes and 2025 Senior Notes is as follows:

				Three Months Ended								Six Months Ended
				March 28, 2020				March 30, 2019				March 28, 2020				March 30, 2019
	Interest Rate			Interest Expense				Interest Expense				Interest Expense				Interest Expense
2028 Senior Notes	4.625	%		$	4.8			$	4.8			$	9.6			$	9.6
2025 Senior Notes	4.375	%		10.9				10.9				21.8				21.8
Total				$	15.7			$	15.7			$	31.4			$	31.4

Accounts Receivable Securitization Program

On March 26, 2020, the Company paid-off the total amount outstanding of $250.0 million previously borrowed under the Accounts Receivable Securitization Program (the "Securitization Program"). As of March 28, 2020, the Company did not have any borrowings under this program. On April 13, 2020, the Company amended the Credit and Security agreement with the lenders, temporarily suspending the ability to borrow and the need to comply with covenants for up to a year.

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Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line.

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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.19(b),22(b))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

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