XML 30 R20.htm IDEA: XBRL DOCUMENT v3.22.0.1
Other Balance Sheet Information
 3 Months Ended
Dec. 25, 2021
Balance Sheet Related Disclosures [Abstract]  
Other Balance Sheet Information Other Balance Sheet Information
December 25,
2021		September 25,
2021
Inventories
Raw materials$193.0 $163.3 
Work-in-process54.6 53.0 
Finished goods270.7 284.9 
$518.3 $501.2 
Property, plant and equipment
Equipment$463.5 $467.1 
Equipment under customer usage agreements492.1 484.6 
Building and improvements192.5 191.2 
Leasehold improvements51.0 49.7 
Land41.3 41.3 
Furniture and fixtures17.1 16.8 
Finance lease right of use asset8.8 9.9 
$1,266.3 $1,260.6 
Less – accumulated depreciation and amortization(712.0)(695.9)
$554.3 $564.7 
In September 2020 and October 2020, the Company received grants of $7.6 million and $119.3 million, respectively, from the Department of Defense Joint Acquisition Task Force ("DOD") to expand production capacity for the Company's two SARS-CoV-2 assays. These grants are specifically to fund capital equipment and labor investments to increase manufacturing capacity to enable the Company to provide a certain amount of COVID-19 tests per month for the U.S. market. The Company is accounting for the funds received under these grants as a reimbursement of the purchased capital equipment. The Company procures and pays for the capital equipment and necessary resources to build out its facility and construct the manufacturing lines to meet the requirements specified in the grant agreement. Subsequent to paying for the capital equipment, the DOD will reimburse the Company upon it meeting certain requirements. However, the DOD retains title to assets purchased under the agreement, and title is transferred to the Company upon meeting certain milestones of the manufacturing efforts. As of December 25, 2021, the Company had $81.4 million of capital equipment related to the DOD grant that was awaiting approval. In the three months ended December 25, 2021 and the year ended September 25, 2021, the Company received $21.3 million and $21.1 million, respectively, from the DOD under these grants which has been recorded as a reduction of the cost basis of the purchased equipment. Payments under these grants are subject to satisfaction of the conditions of the grants, including applicable governmental appropriations.