XML 51 R35.htm IDEA: XBRL DOCUMENT v3.23.3

Fair Value Measurements (Tables)

12 Months Ended

Sep. 30, 2023

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: 

									Fair Value Measurements at September 30, 2023
			Carrying Value						Quoted Prices in Active Market for Identical Assets (Level 1)						Significant Other Observable Inputs (Level 2)						Significant Unobservable Inputs (Level 3)
Assets:
Interest rate swaps			$	26.9					$	—					$	26.9					$	—
Forward foreign currency contracts			8.4						—						8.4						—
Total			$	35.3					$	—					$	35.3					$	—
Liabilities:
Contingent consideration			$	2.0					$	—					$	—					$	2.0
Total			$	2.0					$	—					$	—					$	2.0

									Fair Value Measurements at September 24, 2022
			Carrying Value						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			$	38.9					$	—					$	38.9					$	—
Forward foreign currency contracts			26.4						—						26.4						—
Total			$	65.3					$	—					$	65.3					$	—
Liabilities:
Contingent consideration			$	23.4					$	—					$	—					$	23.4
Total			$	23.4					$	—					$	—					$	23.4

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 years ended September 30, 2023, September 24, 2022, and September 25, 2021 were as follows:

						Years Ended
						2023						2022						2021
Balance at beginning of period						$	23.4					$	75.1					$	81.8
			Contingent consideration recorded at acquisition			1.1						—						—
			Fair value adjustments			(14.9)						(39.5)						(6.7)
			Payments			(7.6)						(12.2)						—
Balance at end of period						$	2.0					$	23.4					$	75.1

X

- References

No definition available.

+ Details

Name:	us-gaap_FairValueDisclosuresAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

+ Details

Name:	us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration