XML 53 R31.htm IDEA: XBRL DOCUMENT v3.21.2

Fair Value Measurements (Tables)

12 Months Ended

Sep. 25, 2021

Fair Value Disclosures [Abstract]

Fair Value Assets and Liabilities Measured on Recurring Basis

Assets and liabilities measured and recorded at fair value on a recurring basis consisted of the following: 

									Fair Value Measurements at September 25, 2021
			Carrying Value						Quoted Prices in Active Market for Identical Assets (Level 1)						Significant Other Observable Inputs (Level 2)						Significant Unobservable Inputs (Level 3)
Assets:
Forward foreign currency contracts			$	1.7					$	—					$	1.7					—
Total			$	1.7					$	—					$	1.7					$	—
Liabilities:
Contingent consideration			$	75.1					$	—					$	—					$	75.1
Interest rate swaps - derivative			18.7						—						18.7						—
Forward foreign currency contracts			0.6						—						0.6						—
Total			$	94.4					$	—					$	19.3					$	75.1

									Fair Value Measurements at September 26, 2020
			Carrying Value						Quoted Prices in Active Market for Identical Assets (Level 1)						Significant Other Observable Inputs (Level 2)						Significant Unobservable Inputs (Level 3)
Assets:
Forward currency option contracts			$	10.1					$	—					$	10.1					$	—
Forward foreign currency contracts			1.1						—						$	1.1					—
Total			$	11.2					$	—					$	11.2					$	—
Liabilities:
Contingent consideration			$	81.8					$	—					$	—					$	81.8
Interest rate swaps - derivative			31.2						—						31.2						—
Total			$	113.0					$	—					$	31.2					$	81.8

Changes in the fair value of recurring fair value measurements using significant unobservable inputs (Level 3), which solely consisted of contingent consideration liabilities, during the years ended September 25, 2021, September 26, 2020, and September 28, 2019 were as follows:

						Years Ended
						2021						2020						2019
Balance at beginning of period						$	81.8					$	9.1					$	7.8
			Contingent consideration recorded at acquisition			—						82.7						—
			Fair value adjustments			(6.7)						0.3						1.7
			Payments/Accruals			—						(10.3)						(0.4)
Balance at end of period						$	75.1					$	81.8					$	9.1

X

- References

No definition available.

+ Details

Name:	us-gaap_FairValueDisclosuresAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

+ Details

Name:	us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration