XML 43 R33.htm IDEA: XBRL DOCUMENT v3.22.4
Derivatives (Tables)
 3 Months Ended
Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Instruments, Gain (Loss)
Three Months Ended
December 31, 2022December 25, 2021
Amount of realized gain (loss) recognized in income
Forward foreign currency contracts$(2.4)$(12.4)
Foreign currency option contracts(0.2)— 
$(2.6)$(12.4)
Amount of unrealized gain (loss) recognized in income
Forward foreign currency contracts$(13.8)$(6.8)
Foreign currency option contracts(8.3)— 
$(22.1)$(6.8)
Amount of gain (loss) recognized in income
Total$(24.7)$(19.2)
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 31, 2022:

Balance Sheet LocationDecember 31, 2022September 24, 2022
Assets:
Derivative instruments designated as a cash flow hedge:
Interest rate swap contractPrepaid expenses and other current assets$35.1 $31.9 
Interest rate swap contractOther assets— 7.0 
$35.1 $38.9 
Derivatives not designated as hedging instruments:
Forward foreign currency contractsPrepaid expenses and other current assets$3.0 $15.8 
Foreign currency option contractsPrepaid expenses and other current assets1.0 10.6 
$4.0 $26.4 
Liabilities:
Derivatives not designated as hedging instruments:
Forward foreign currency contractsAccrued expenses$0.9 $— 
Schedule of Unrealized Loss Recognized in AOCI
The following table presents the unrealized gain (loss) recognized in AOCI related to the interest rate swap for the following reporting periods:

Three Months Ended
December 31, 2022December 25, 2021
Amount of (loss) gain recognized in other comprehensive income, net of taxes:
Interest rate swap$(2.9)$7.9 
Total$(2.9)$7.9