Leases (Tables)

12 Months Ended

Sep. 30, 2023

The following table presents supplemental balance sheet information related to the Company's operating and finance leases:


		September 30, 2023				September 24, 2022
	Balance Sheet Location	Operating Leases		Finance Leases		Operating Leases		Finance Leases
Assets
Lease right-of-use assets	Other assets	$	62.7	$	—	$	68.9	$	—

Finance lease right-of-use assets (non-current)	Property, plant and equipment, net	$	—	$	5.6	$	—	$	6.0
Liabilities
Operating lease liabilities (current)	Accrued expenses	$	20.4	$	—	$	23.2	$	—
Finance lease liabilities (current)	Finance lease obligations - short term	$	—	$	3.1	$	—	$	3.2
Operating lease liabilities (non-current)	Other long-term liabilities	$	47.1	$	—	$	53.8	$	—
Finance lease liabilities (non-current)	Finance lease obligations - long term	$	—	$	15.3	$	—	$	18.0

The following table presents the weighted average remaining lease term and discount rate information related to the Company's operating and finance leases:


	As of September 30, 2023				As of September 24, 2022
	Operating Leases		Finance Lease		Operating Leases		Finance Lease
Weighted average remaining lease term	4.18		5.69		4.51		6.53
Weighted average discount rate	2.9	%	4.2	%	1.3	%	4.3	%

Lease, Cost

The following table provides information related to the Company’s operating and finance leases:


		Year Ended September 30, 2023		Year Ended September 24, 2022
Operating lease cost (a)		$	29.9	$	28.6
Finance lease cost - amortization of right-of-use assets		$	0.7	$	0.8
Finance lease cost - interest cost		$	0.8	$	1.0
Cash paid for amounts included in the measurement of lease liabilities:
	Operating cash flows from finance leases	$	0.9	$	1.0
	Operating cash flows from operating leases	$	28.3	$	29.3
	Financing cash flows from finance leases	$	3.2	$	3.3
	Total cash paid for amounts included in the measurement of lease liabilities	$	32.4	$	33.6

ROU assets arising from entering into new operating lease obligations		$	15.7	$	16.6
ROU assets arising from entering into new finance lease obligations		$	—	$	—

(a) Includes short-term lease expense and variable lease costs, which were immaterial for the year ended September 30, 2023.

Finance Lease, Liability, Maturity

The following table presents the future minimum lease payments under non-cancellable operating lease liabilities and finance leases as of September 30, 2023:


Fiscal Year	Operating Leases		Finance Leases
2024	$	22.1	$	3.8
2025	19.5		3.8
2026	13.5		3.8
2027	9.4		4.0
2028	4.5		3.0
Thereafter	4.7		2.1
Total future minimum lease payments	73.7		20.5
Less: imputed interest	(4.7)		(2.1)
Present value of lease liabilities	$	69.0	$	18.4

Lessee, Operating Lease, Liability, Maturity

The following table presents the future minimum lease payments under non-cancellable operating lease liabilities and finance leases as of September 30, 2023:


Fiscal Year	Operating Leases		Finance Leases
2024	$	22.1	$	3.8
2025	19.5		3.8
2026	13.5		3.8
2027	9.4		4.0
2028	4.5		3.0
Thereafter	4.7		2.1
Total future minimum lease payments	73.7		20.5
Less: imputed interest	(4.7)		(2.1)
Present value of lease liabilities	$	69.0	$	18.4

Operating Lease, Lease Income

The future minimum annual rental income payments under these lease and sublease agreements at September 30, 2023 are as follows:


Fiscal 2024	$	2.0
Fiscal 2025	1.4
Fiscal 2026	1.4
Fiscal 2027	1.5
Fiscal 2028	1.2
Thereafter	3.0
Total	$	10.5