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Borrowings and Credit Arrangements (Tables)

6 Months Ended

Mar. 30, 2024

Debt Disclosure [Abstract]

Company's Borrowings

The Company’s borrowings consisted of the following: 

			March 30, 2024						September 30, 2023
Current debt obligations, net of debt discount and deferred issuance costs:
Term Loan			$	37.4					$	287.0
Total current debt obligations			$	37.4					$	287.0
Long-term debt obligations, net of debt discount and issuance costs:
Term Loan			$	1,177.1					$	1,195.6
2028 Senior Notes			397.2						396.8
2029 Senior Notes			939.8						938.8
Total long-term debt obligations			$	2,514.1					$	2,531.2
Total debt obligations			$	2,551.5					$	2,818.2

Schedule of Line of Credit Facilities

Interest expense, weighted average interest rates, and the interest rate at the end of period under the 2021 Credit Agreement were as follows: 

			Three Months Ended												Six Months Ended
			March 30, 2024						April 1, 2023						March 30, 2024						April 1, 2023
Interest expense			$	21.2					$	22.5					$	43.8					$	42.9
Weighted average interest rate			6.43		%				5.74		%				6.43		%				5.39		%
Interest rate at end of period			6.43		%				5.91		%				6.43		%				5.91		%

Schedule Of Interest Expense Under Convertible Notes

Interest expense for the 2029 Senior Notes and 2028 Senior Notes was as follows:

									Three Months Ended												Six Months Ended
			Interest Rate						March 30, 2024						April 1, 2023						March 30, 2024						April 1, 2023
2028 Senior Notes			4.625		%				$	4.8					$	4.8					$	9.6					$	10.0
2029 Senior Notes			3.250		%				8.2						8.2						16.4						17.1
Total									$	13.0					$	13.0					$	26.0					$	27.1

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Schedule of interest expense under convertible notes.

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Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation.

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Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.19(b),22(b))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1

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