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Derivatives (Tables)

3 Months Ended

Dec. 25, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Instruments, Gain (Loss)

			Three Months Ended
			December 25, 2021						December 26, 2020
Amount of realized loss recognized in income
Forward foreign currency contracts			$	(12.4)					$	(2.9)
Foreign currency option contracts			—						(1.2)
			$	(12.4)					$	(4.1)
Amount of unrealized loss recognized in income
Forward foreign currency contracts			$	(6.8)					$	(6.6)
Foreign currency option contracts			—						(8.0)
			$	(6.8)					$	(14.6)
Amount of loss recognized in income
Total			$	(19.2)					$	(18.7)

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 25, 2021:

			Balance Sheet Location						December 25, 2021						September 25, 2021
Assets:
Derivatives not designated as hedging instruments:
Forward foreign currency contracts			Prepaid expenses and other current assets						$	9.8					$	1.7
									$	9.8					$	1.7
Liabilities:
Derivative instruments designated as a cash flow hedge:
Interest rate swap contract			Accrued expenses						$	7.9					$	11.1
Interest rate swap contract			Other long-term liabilities						0.3						7.6
Total									$	8.2					$	18.7
Derivatives not designated as hedging instruments:
Forward foreign currency contracts			Accrued expenses						$	1.4					$	0.6

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 25, 2021						December 26, 2020
Amount of gain (loss) recognized in other comprehensive income, net of taxes:
Interest rate swap			$	7.9					$	0.9
Interest rate cap agreements			—						(0.2)
Total			$	7.9					$	0.7

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- Definition

Tabular disclosure of gain (loss) on derivative and nonderivative instruments designated and qualifying as cash flow hedge recorded in accumulated other comprehensive income (AOCI) and reclassified into earnings.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-Subparagraph (c)
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Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4E
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