XML 39 R29.htm IDEA: XBRL DOCUMENT v3.23.1

Fair Value Measurements (Tables)

6 Months Ended

Apr. 01, 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 at April 1, 2023: 

									Fair Value at Reporting Date Using
			Balance as of April 1, 2023						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			$	27.2					$	—					$	27.2					$	—
Forward foreign currency contracts			2.5						—						2.5						—
Foreign currency option contracts			0.3						—						0.3						—
Total			$	30.0					$	—					$	30.0					$	—
Liabilities:
Contingent consideration			$	3.4					$	—					$	—					$	3.4
Interest rate swap			0.4						—						0.4						—
Forward foreign currency contracts			0.5						—						0.5						—
Total			$	4.3					$	—					$	0.9					$	3.4

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 April 1, 2023 and March 26, 2022 were as follows:

						Three Month Ended												Six Months Ended
						April 1, 2023						March 26, 2022						April 1, 2023						March 26, 2022
Balance at beginning of period						$	23.4					$	71.0					$	23.4					$	75.1
			Contingent consideration recorded at acquisition			—						—						—						—
			Fair value adjustments			(12.4)						—						(12.4)						(4.1)
			Payments			(7.6)						(12.2)						(7.6)						(12.2)
Balance at end of period						$	3.4					$	58.8					$	3.4					$	58.8

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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126976982&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 https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

+ Details

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