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Employee Benefit Plans (Tables)
12 Months Ended
Oct. 02, 2021
Pension and Other Postretirement Benefits Cost (Reversal of Cost) [Abstract]  
Schedule Of Changes In Projected Benefit Obligations And Plan Assets And Funded Status
The changes in projected benefit obligations and plan assets and the funded status of the U.S. and non-U.S. defined benefit plans are as follows:
  
U.S. PlansNon-U.S. Plans
  
2021202020212020
Change in projected benefit obligation:
Projected benefit obligation at prior year measurement date$688,689 $1,065,937 $264,419 $249,575 
Service cost22,488 23,033 5,290 6,771 
Interest cost17,103 30,597 2,277 2,785 
Contributions by plan participants — 380 832 
Actuarial (gains) losses(13,815)97,438 2,224 (3,572)
Foreign currency exchange impact — 68 16,256 
Benefits paid(8,298)(40,246)(5,271)(5,278)
Curtailments — (5,690)81 
Settlements (486,615)(58,604)(2,999)
Other(1,178)(1,455) (32)
Projected benefit obligation at measurement date$704,989 $688,689 $205,093 $264,419 
Change in plan assets:
Fair value of assets at prior year measurement date$615,872 $1,004,163 $170,765 $166,242 
Actual return on plan assets28,718 134,871 11,552 (5,088)
Employer contributions5,399 5,154 8,119 7,017 
Contributions by plan participants — 380 832 
Benefits paid(8,298)(40,246)(5,271)(5,278)
Settlements (486,615)(58,604)(2,999)
Foreign currency exchange impact — 825 10,071 
Other(1,178)(1,455) (32)
Fair value of assets at measurement date$640,513 $615,872 $127,766 $170,765 
Funded status and amount recognized in assets and liabilities$(64,476)$(72,817)$(77,327)$(93,654)
Amount recognized in assets and liabilities:
Long-term assets$40,873 $30,887 $9,266 $3,862 
Current and long-term pension liabilities(105,349)(103,704)(86,593)(97,516)
Amount recognized in assets and liabilities$(64,476)$(72,817)$(77,327)$(93,654)
Amount recognized in AOCIL, before taxes:
Prior service cost (credit)$ $— $940 $56 
Actuarial losses158,445 184,156 49,196 60,721 
Amount recognized in AOCIL, before taxes$158,445 $184,156 $50,136 $60,777 
Schedule of Accumulated Benefit Obligations in Excess of Plan Assets The following table provides aggregate information for the pension plans, which have accumulated benefit obligations in excess of plan assets:
October 2, 2021October 3, 2020
Accumulated benefit obligation$223,933 $277,404 
Fair value of plan assets48,884 97,872 
Schedule of Projected Benefit Obligations in Excess of Plan Assets
The following table provides aggregate information for the pension plans, which have projected benefit obligations in excess of plan assets:
October 2, 2021October 3, 2020
Projected benefit obligation$256,084 $312,995 
Fair value of plan assets64,143 111,776 
Schedule Of Weighted-Average Assumptions Used To Determine Net Periodic Benefit Cost And Benefit Obligations Weighted-average assumptions used to determine net periodic benefit cost and weighted-average assumptions used to determine benefit obligations as of the measurement dates are as follows:
  
U.S. PlansNon-U.S. Plans
  
202120202019202120202019
Assumptions for net periodic benefit cost:
Service cost discount rate3.1 %3.5 %4.4 %1.5 %1.6 %2.9 %
Interest cost discount rate2.6 %2.9 %4.1 %1.2 %1.3 %2.6 %
Return on assets5.0 %4.5 %5.3 %3.2 %2.7 %3.5 %
Rate of compensation increase3.3 %2.9 %3.5 %2.6 %2.1 %2.5 %
Assumptions for benefit obligations:
Discount rate3.2 %3.0 %3.3 %1.8 %1.4 %1.6 %
Rate of compensation increase3.5 %3.3 %2.9 %2.8 %2.2 %2.1 %
Schedule of Weighted Average Asset Allocations by Asset Category The weighted average asset allocations by asset category for the pension plans as of October 2, 2021 and October 3, 2020 are as follows:
  
U.S. PlansNon-U.S. Plans
  
Target2021
Actual
2020
Actual
Target2021
Actual
2020
Actual
Asset category:
Equity30%-40%35%37%25%-45%32%24%
Fixed Income60%-70%65%63%45%-65%63%38%
Other—%—%—%5%-15%5%38%
Schedule Of Consolidated Plan Assets Using the Fair Value Hierarchy
The following tables present the consolidated plan assets using the fair value hierarchy, which is described in Note 12, Fair Value, as of October 2, 2021 and October 3, 2020.
U.S. Plans, October 2, 2021
Level 1
Level 2
Level 3
Total
Investments at fair value:
Shares of registered investment companies:
Equity funds$200,929 $— $— $200,929 
Fixed income funds261,945 — — 261,945 
Money market funds— 25,275 — 25,275 
Total investments in fair value hierarchy462,874 25,275 — 488,149 
Investments measured at NAV practical expedient (1)152,364 
Total investments at fair value$462,874 $25,275 $ $640,513 
Non-U.S. Plans, October 2, 2021Level 1Level 2Level 3Total
Investments at fair value:
Mutual funds:
Equity funds$— $6,971 $— $6,971 
Fixed income funds— 8,152 — 8,152 
Equity securities9,843 — — 9,843 
Fixed income securities— 18,594 — 18,594 
Collective investment trusts— 21,681 — 21,681 
Unit linked life insurance funds— 58,643 — 58,643 
Money market funds— 542 — 542 
Cash and cash equivalents349 — — 349 
Insurance contracts and other— — 2,991 2,991 
Total investments at fair value$10,192 $114,583 $2,991 $127,766 
U.S. Plans, October 3, 2020Level 1Level 2Level 3Total
Investments at fair value:
Shares of registered investment companies:
Equity funds$197,580 $— $— $197,580 
Fixed income funds390,695 — — 390,695 
Money market funds— 6,281 — 6,281 
Total investments in fair value hierarchy
588,275 6,281 — 594,556 
Investments measured at NAV practical expedient (1)21,316 
Total investments at fair value$588,275 $6,281 $— $615,872 
Non-U.S. Plans, October 3, 2020Level 1Level 2Level 3Total
Investments at fair value:
Mutual funds:
Equity funds$— $6,159 $— $6,159 
Fixed income funds— 7,558 — 7,558 
Equity securities8,689 — — 8,689 
Fixed income securities— 17,930 — 17,930 
Collective investment trusts— 19,636 — 19,636 
Unit linked life insurance funds— 53,607 — 53,607 
Money market funds— 576 — 576 
Cash and cash equivalents149 — — 149 
Insurance contracts and other
— — 56,461 56,461 
Total investments at fair value$8,838 $105,466 $56,461 $170,765 
Schedule Of Roll-Forward Of The Consolidated Plan Assets Classified As Level 3 Within The Fair Value Hierarchy The following is a roll forward of the consolidated plan assets classified as Level 3 within the fair value hierarchy:
  
  
U.S. PlansNon-U.S. PlansTotal
Balance at September 28, 2019$505 $56,213 $56,718 
Return on assets(4,671)(4,667)
Purchases from contributions to Plans— 2,508 2,508 
Settlements paid in cash(509)(1,274)(1,783)
Foreign currency translation
— 3,685 3,685 
Balance at October 3, 2020— 56,461 56,461 
Return on assets— 2,882 2,882 
Purchases from contributions to Plans— 1,914 1,914 
Settlements paid in cash— (59,180)(59,180)
Foreign currency translation— 914 914 
Balance at October 2, 2021$ $2,991 $2,991 
Schedule Of Fair Value, Investments, Entities that Calculate Net Asset Value Per Share The following table summarizes investments measured at fair value based on NAV per share as of October 2, 2021:
Fair Value
October 2, 2021October 3, 2020Unfunded CommitmentsRedemption FrequencyRedemption Notice Period
Collective investment trusts$128,941 $— $ Daily5 days
Limited partnerships (1)23,423 21,316 4,280 Varies10-45 days
Total$152,364 $21,316 $4,280 
Schedule Of Pension Expense Expense for all defined benefit plans is as follows:
  
U.S. PlansNon-U.S. Plans
202120202019202120202019
Service cost$22,488 $23,033 $21,003 $5,290 $6,771 $4,988 
Interest cost17,103 30,597 36,924 2,277 2,785 4,393 
Expected return on plan assets(30,543)(44,084)(45,054)(4,102)(4,577)(5,182)
Amortization of prior service cost (credit) 133 187 45 (3)(18)
Amortization of actuarial loss13,721 25,316 26,639 5,568 4,943 2,532 
Curtailment (gain) loss — — (5,830)100 — 
Settlement (gain) loss 121,324 — (44)676 — 
Total expense for defined benefit plans
$22,769 $156,319 $39,699 $3,204 $10,695 $6,713 
Schedule Of Benefits Expected To Be Paid To The Participants Of The Plans Benefits expected to be paid to the participants of the plans are:
 
U.S. Plans
Non-U.S. Plans
2022$12,528 $6,851 
202316,274 8,784 
202419,991 7,180 
202523,607 7,511 
202627,039 8,772 
Five years thereafter181,532 43,218 
Schedule of Defined Contribution Plan Expense Expense for all defined contribution plans consists of:
202120202019
U.S. defined contribution plans$36,131 $27,698 $19,848 
Non-U.S. defined contribution plans8,890 5,965 5,270 
Total expense for defined contribution plans$45,021 $33,663 $25,118 
Schedule Of Changes In The Accumulated Benefit Obligation Of Unfunded Plan The changes in the accumulated benefit obligation of this unfunded plan for 2021 and 2020 are shown in the following table:
October 2, 2021October 3, 2020
Change in Accumulated Postretirement Benefit Obligation (APBO):
APBO at prior year measurement date$9,274 $8,810 
Service cost52 55 
Interest cost124 211 
Contributions by plan participants553 629 
Benefits paid(464)(668)
Actuarial (gains) losses(3,258)237 
APBO at measurement date$6,281 $9,274 
Funded status$(6,281)$(9,274)
Accrued postretirement benefit liability$6,281 $9,274 
Amount recognized in AOCIL, before taxes:
Actuarial gains6,042 3,297 
Amount recognized in AOCIL, before taxes$6,042 $3,297 
Schedule Of Cost Of The Postretirement Benefit Plan The cost of the postretirement benefit plan is as follows:
202120202019
Service cost$52 $55 $68 
Interest cost124 211 315 
Amortization of prior service credit (259)(471)
Amortization of actuarial gain(513)(607)(713)
Net periodic postretirement benefit income$(337)$(600)$(801)