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Share-Based Compensation (Tables)

6 Months Ended

Mar. 27, 2020

Share-based Payment Arrangement [Abstract]

Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan

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

Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity

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.

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- Definition

Tabular disclosure of cost recognized for award under share-based payment arrangement by plan. Includes, but is not limited to, related tax benefit.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(1)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901

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Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year.

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