XML 33 R18.htm IDEA: XBRL DOCUMENT
v3.20.1

Share-Based Compensation | 6 Months Ended
--- | ---
Mar. 27, 2020
Share-based Payment Arrangement [Abstract] |
Share-Based Compensation | SHARE-BASED COMPENSATION: The following table summarizes the share-based compensation expense (reduction) and related information for Time-Based Options ("TBOs"), Time-Based Restricted Stock Units ("RSUs"), Performance Stock Units ("PSUs"), and Deferred Stock Units classified as "Selling and general corporate expenses" in the Condensed Consolidated Statements of (Loss) Income (in millions).
|  | Three Months Ended |  |  |  | Six Months Ended |  |
|  | March 27, 2020 |  | March 29, 2019 |  | March 27, 2020 |  | March 29, 2019
TBOs |  | $ | 2.1 |  |  | $ | 3.1 |  |  | $ | 5.0 |  |  | $ | 8.4 |
RSUs |  | 7.6 |  |  | 7.2 |  |  | 15.7 |  |  | 16.1 |
PSUs (1) |  | (19.9) |  |  | 3.9 |  |  | (17.3) |  |  | 7.7 |
Deferred Stock Units |  | 0.4 |  |  | 0.4 |  |  | 0.9 |  |  | 1.0 |
|  | $ | (9.8) |  |  | $ | 14.6 |  |  | $ | 4.3 |  |  | $ | 33.2 |
Taxes related to share-based compensation |  | $ | (2.6) |  |  | $ | 3.6 |  |  | $ | 0.9 |  |  | $ | 8.2 |
Cash Received from Option Exercises |  | 58.9 |  |  | 9.3 |  |  | 85.0 |  |  |  | 10.4 |
Tax Benefit on Share Deliveries(2) |  | 26.9 |  |  | 1.0 |  |  | 45.5 |  |  |  | 2.3 |
(1) |  | Share-based compensation expense was reduced during the second quarter of fiscal 2020 based on lower than estimated target attainment on plan metrics for both the fiscal 2018 and fiscal 2019 PSU grants, resulting in the reversal of previously recognized share-based compensation expense of $22.6 million.
(2) |  | The tax benefit on option exercises and restricted stock unit deliveries is included in "Prepayments and Other Current Assets" in the Condensed Consolidated Statements of Cash Flows.
The below table summarizes the number of shares granted and the weighted-average grant-date fair value per unit during the six months ended March 27, 2020:
|  | Shares Granted (in millions) |  | Weighted-Average Grant-Date Fair Value (dollars per share)
TBOs |  | 1.7 |  |  | $ | 9.47 |
RSUs |  | 1.1 |  |  | $ | 42.36 |
PSUs(1)(2) |  | 0.9 |  |  | $ | 44.88 |
Deferred Stock Units |  | 0.1 |  |  | $ | 45.77 |
|  | 3.8 |  |  |
(1) |  | Includes approximately 0.3 million shares resulting from the payout of the 2017 PSU grants due to exceeding the adjusted earnings per share target.
(2) |  | During the first quarter of fiscal 2020, the Company granted PSUs subject to the level of achievement of adjusted revenue growth, adjusted operating income growth, return on invested capital and a total shareholder return multiplier for the cumulative performance period over three years and the participant's continued employment with the Company. The Company is accounting for this award as a market-based award which was valued utilizing the Monte Carlo Simulation pricing model, which calculates multiple potential outcomes for an award and establishes fair value based on the most likely outcome.

X
- Definition The entire disclosure for share-based payment arrangement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -URI http://asc.fasb.org/topic&trid=2228938 + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration