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Share-Based Compensation (Tables) | 12 Months Ended
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Oct. 03, 2025
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 and related information for Time-Based Options ("TBOs"), RSUs, PSUs and other awards recorded within "Selling and general corporate expenses" on the Consolidated Statements of Income (in millions):
|  | Fiscal Year Ended
|  | October 3, 2025 |  | September 27, 2024 |  | September 29, 2023
TBOs |  | $ | 9.3 |  |  | $ | 9.7 |  |  | $ | 14.3 |
RSUs |  | 31.5 |  |  | 32.5 |  |  | 43.5 |
PSUs |  | 13.1 |  |  | 14.9 |  |  | 9.7 |
Other(1) |  | 4.7 |  |  | 5.5 |  |  | 8.8 |
|  | $ | 58.6 |  |  | $ | 62.6 |  |  | $ | 76.3 |
Taxes related to share-based compensation |  | $ | 9.5 |  |  | $ | 10.2 |  |  | $ | 13.0 |
Cash Received from Option Exercises |  | 43.0 |  |  | 36.6 |  |  | 45.6 |
(1) | Consists of retention-based options, deferred stock units, employee stock purchase plans and stock appreciation rights. Each of these components are individually insignificant to the share-based compensation expense for fiscal years ending October 3, 2025, September 27, 2024 and September 29, 2023.
Schedule of Unrecognized Compensation Cost, Nonvested Awards | The below table summarizes the unrecognized compensation expense as of October 3, 2025 related to non-vested awards and the weighted-average period they are expected to be recognized:
|  | Unrecognized Compensation Expense (in millions) |  | Weighted-Average Period (Years)
TBOs |  | $ | 20.4 |  |  | 2.62
RSUs |  | 69.4 |  |  | 2.56
PSU |  | 29.6 |  |  | 1.80
Total |  | $ | 119.4 |  |  |
Schedule of Stock Option Valuation Assumptions | The table below presents the weighted average assumptions and related valuations for TBOs:
|  | Fiscal Year Ended
|  | October 3, 2025 |  | September 27, 2024 |  | September 29, 2023
Expected volatility |  | 43% |  | 43% |  | 42%
Expected dividend yield |  | 1.04% - 1.17% |  | 1.19% - 1.35% |  | 1.39% - 1.64%
Expected life (in years)(1) |  | 6.25 |  | 6.25 |  | 6.25
Risk-free interest rate |  | 4.03% - 4.48% |  | 3.99% - 4.41% |  | 3.65% - 4.28%
Weighted-average grant-date fair value |  | $17.62 |  | $12.04 |  | $11.76
(1) | The expected life represents the period of time that options granted are expected to be outstanding and is calculated using the simplified method as permitted under Securities and Exchange Commission rules and regulations due to the method providing a reasonable estimate in comparison to actual experience. The simplified method uses the midpoint between an option's vesting date and contractual term.
|  | Fiscal Year Ended
|  | October 3, 2025 |  | September 27, 2024 |  | September 29, 2023
Total intrinsic value exercised (in millions) |  | $ | 21.0 |  |  | $ | 15.3 |  |  | $ | 12.0 |
Total fair value that vested (in millions) |  | 10.2 |  |  | 10.6 |  |  | 15.7 |
|  | Fiscal Year Ended
|  | October 3, 2025 |  | September 27, 2024 |  | September 29, 2023
Total fair value that vested (in millions) |  | $ | 36.9 |  |  | $ | 37.9 |  |  | $ | 57.1 |
Schedule of Options Activity | A summary of TBO activity is presented below:
Options |  | Shares (in thousands) |  | Weighted-Average Exercise Price |  | Aggregate Intrinsic Value (in thousands) |  | Weighted-Average Remaining Term (Years)
Outstanding at September 27, 2024 |  | 7,907 |  |  | $ | 26.14 |  |  |  |  |
Granted |  | 771 |  |  | $ | 40.25 |  |  |  |  |
Exercised |  | (1,560) |  |  | $ | 26.02 |  |  |  |  |
Forfeited and expired |  | (80) |  |  | $ | 30.20 |  |  |  |  |
Outstanding at October 3, 2025 |  | 7,038 |  |  | $ | 27.67 |  |  | $ | 80,691 |  |  | 5.8
Exercisable at October 3, 2025 |  | 5,063 |  |  | $ | 25.58 |  |  | $ | 67,967 |  |  | 4.8
Expected to vest at October 3, 2025 |  | 1,763 |  |  | $ | 32.89 |  |  | $ | 11,624 |  |  | 8.3
Schedule of Restricted Stock Units Activity |
Restricted Stock Units |  | Units (in thousands) |  | Weighted Average Grant-Date Fair Value
Outstanding at September 27, 2024 |  | 3,256 |  | $ | 28.32 |
Granted |  | 1,249 |  | $ | 40.23 |
Vested |  | (1,346) |  | $ | 27.46 |
Forfeited |  | (226) |  | $ | 32.88 |
Outstanding at October 3, 2025 |  | 2,933 |  |  | $ | 33.49 |
Schedule of Performance Stock Units |
Performance Stock Units |  | Units (in thousands) |  | Weighted Average Grant-Date Fair Value
Outstanding at September 27, 2024 |  | 1,798 |  | $ | 30.56 |
Granted |  | 513 |  | $ | 41.61 |
Vested |  | (698) |  | $ | 28.82 |
Forfeited |  | (21) |  | $ | 35.73 |
Outstanding at October 3, 2025 |  | 1,592 |  |  | $ | 36.51 |

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- Definition 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. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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