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Fair Value Measurements (Tables)

6 Months Ended

Mar. 26, 2022

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 at March 26, 2022: 

									Fair Value at Reporting Date Using
			Balance as of March 26, 2022						Quoted Prices in Active Market for Identical Assets (Level 1)						Significant Other Observable Inputs (Level 2)						Significant Unobservable Inputs (Level 3)
Assets:
Interest rate swap			$	17.7					$	—					$	17.7					$	—
Forward foreign currency contracts			10.6						—						10.6						—
Total			$	28.3					$	—					$	28.3					$	—
Liabilities:
Contingent consideration			$	58.8					$	—					$	—					$	58.8
Forward foreign currency contracts			2.7						—						2.7						—
Total			$	61.5					$	—					$	2.7					$	58.8

Liabilities Measured and Recorded at Fair Value on a Recurring Basis

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 three and six month periods ended March 26, 2022 and March 27, 2021 were as follows:

						Three Month Ended												Six Months Ended
						March 26, 2022						March 27, 2021						March 26, 2022						March 27, 2021
Balance at beginning of period						$	71.0					$	86.4					$	75.1					$	81.8
			Contingent consideration recorded at acquisition			—						—						—						—
			Fair value adjustments			—						(14.7)						(4.1)						(10.1)
			Payments			(12.2)						—						(12.2)						—
Balance at end of period						$	58.8					$	71.7					$	58.8					$	71.7

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- References

No definition available.

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- 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=123874694&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=123874694&loc=d3e19207-110258

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