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Derivatives (Tables)

3 Months Ended

Dec. 26, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Instruments, Gain (Loss)

			Three Months Ended
			December 26, 2020						December 28, 2019
Amount of realized (loss) gain recognized in income
Forward foreign currency contracts			$	(2.9)					$	—
Foreign currency option contracts			(1.2)						—
Total			$	(4.1)					$	—
Amount of unrealized (loss) gain recognized in income
Forward foreign currency contracts			$	(6.6)					$	(1.5)
Foreign currency option contracts			(8.0)						(1.5)
Total			$	(14.6)					$	(3.0)

Schedule of Derivative Assets at Fair Value

The table below presents the fair value of the Company's derivative financial instruments as well as their classification on the balance sheet as of December 26, 2020:

			Balance Sheet Location						December 26, 2020						September 26, 2020
Assets:
Derivatives not designated as hedging instruments:
Forward foreign currency contracts			Prepaid expenses and other current assets						$	—					$	1.1
Foreign currency option contracts			Prepaid expenses and other current assets						0.8						10.1
									$	0.8					$	11.2
Liabilities:
Derivative instruments designated as a cash flow hedge:
Interest rate swap contract			Accrued expenses						$	11.1					$	8.2
Interest rate swap contract			Other long-term liabilities						19.6						23.0
Total									$	30.7					$	31.2
Derivatives not designated as hedging instruments:
Forward foreign currency contracts			Accrued expenses						$	6.0					$	—

Schedule of Unrealized Loss Recognized in AOCI

The following table presents the unrealized gain (loss) recognized in AOCI related to the interest rate caps and interest rate swap for the following reporting periods:

			Three Months Ended
			December 26, 2020						December 28, 2019
Amount of gain (loss) recognized in other comprehensive income, net of taxes:
Interest rate swap			$	0.9					$	4.3
Interest rate cap agreements			(0.2)						(0.3)
Total			$	0.7					$	4.0

Schedule of Adjustment to Fair Value within the Consolidated Statements of Income

The following table presents the adjustment to fair value (realized and unrealized) recorded within the Consolidated Statements of Income for derivative instruments for which the Company did not elect hedge accounting:

Derivatives not classified as hedging instruments			Amount of Loss Recognized in Income
			Three Months Ended December 26, 2020						Three Months Ended December 28, 2019
Forward foreign currency contracts			$	(9.5)					$	(1.5)
Foreign currency option contracts			(9.2)						(1.7)
Total			$	(18.7)					$	(3.2)

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