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Employee Benefit Plans (Tables)
12 Months Ended
Sep. 30, 2023
Pension and Other Postretirement Benefits Cost (Reversal of Cost) [Abstract]  
Schedule of Defined Contribution Plan Expense
Expense for all defined contribution plans consists of:
202320222021
U.S. defined contribution plans$45,868 $43,550 $36,131 
Non-U.S. defined contribution plans8,650 8,157 8,890 
Total expense for defined contribution plans$54,518 $51,707 $45,021 
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
  
2023202220232022
Change in projected benefit obligation:
Projected benefit obligation at prior year measurement date$530,946 $704,989 $127,739 $205,093 
Service cost12,913 19,827 2,674 4,248 
Interest cost28,112 18,246 5,448 2,413 
Contributions by plan participants — 170 184 
Actuarial (gains) losses(17,701)(198,538)(5,874)(48,255)
Foreign currency exchange impact — 8,838 (28,435)
Benefits paid(17,391)(12,845)(6,514)(5,136)
Settlements(40,518)— (2,146)(2,312)
Other(1,485)(733)(161)(61)
Projected benefit obligation at measurement date$494,876 $530,946 $130,174 $127,739 
Change in plan assets:
Fair value of assets at prior year measurement date$445,723 $640,513 $90,994 $127,766 
Actual return on plan assets20 (186,536)1,828 (17,686)
Employer contributions6,095 5,324 7,455 8,210 
Contributions by plan participants — 170 184 
Benefits paid(17,391)(12,845)(6,514)(5,136)
Settlements(40,518)— (2,146)(2,312)
Foreign currency exchange impact — 5,558 (19,971)
Other(1,485)(733)(161)(61)
Fair value of assets at measurement date$392,444 $445,723 $97,184 $90,994 
Funded status and amount recognized in assets and liabilities$(102,432)$(85,223)$(32,990)$(36,745)
Amount recognized in assets and liabilities:
Long-term assets$ $— $13,647 $10,672 
Current and long-term pension liabilities(102,432)(85,223)(46,637)(47,417)
Amount recognized in assets and liabilities$(102,432)$(85,223)$(32,990)$(36,745)
Amount recognized in AOCIL, before taxes:
Prior service cost (credit)$ $— $737 $724 
Actuarial losses145,536 160,659 10,726 13,209 
Amount recognized in AOCIL, before taxes$145,536 $160,659 $11,463 $13,933 
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:
September 30, 2023October 1, 2022
Accumulated benefit obligation$138,054 $130,315 
Fair value of plan assets13,107 11,231 
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:
September 30, 2023October 1, 2022
Projected benefit obligation$583,029 $615,339 
Fair value of plan assets433,960 482,700 
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
  
202320222021202320222021
Assumptions for net periodic benefit cost:
Service cost discount rate5.5 %3.3 %3.1 %4.5 %2.0 %1.5 %
Interest cost discount rate5.4 %2.7 %2.6 %4.5 %1.7 %1.2 %
Return on assets6.5 %5.0 %5.0 %4.3 %2.9 %3.2 %
Rate of compensation increase3.8 %3.5 %3.3 %3.2 %3.0 %2.6 %
Assumptions for benefit obligations:
Discount rate5.9 %5.5 %3.2 %4.7 %4.4 %1.8 %
Rate of compensation increase3.8 %3.8 %3.5 %3.2 %3.1 %2.8 %
Schedule of Weighted Average Asset Allocations by Asset Category
The weighted average asset allocations by asset category for the pension plans as of September 30, 2023 and October 1, 2022 are as follows:
  
U.S. PlansNon-U.S. Plans
  
Target2023
Actual
2022
Actual
Target2023
Actual
2022
Actual
Asset category:
Equity35%-45%40%30%20%-40%25%26%
Fixed Income55%-65%60%70%50%-70%68%65%
Other—%—%—%5%-15%7%9%
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 13 - Fair Value, as of September 30, 2023 and October 1, 2022.
U.S. Plans, September 30, 2023
Level 1
Level 2
Level 3
Total
Investments at fair value:
Shares of registered investment companies:
Equity funds$143,528 $— $— $143,528 
Fixed income funds125,724 — — 125,724 
Money market funds— 9,386 — 9,386 
Cash and cash equivalents— 8,410 — 8,410 
Total investments in fair value hierarchy269,252 17,796 — 287,048 
Investments measured at NAV practical expedient (1)105,396 
Total investments at fair value$269,252 $17,796 $ $392,444 
Non-U.S. Plans, September 30, 2023Level 1Level 2Level 3Total
Investments at fair value:
Mutual funds:
Equity funds$— $6,346 $— $6,346 
Fixed income funds— 6,567 — 6,567 
Equity securities6,694 — — 6,694 
Fixed income securities— 19,045 — 19,045 
Collective investment trusts— 19,044 — 19,044 
Unit linked life insurance funds— 35,988 — 35,988 
Money market funds— 904 — 904 
Cash and cash equivalents978 — — 978 
Insurance contracts and other— — 1,618 1,618 
Total investments at fair value$7,672 $87,894 $1,618 $97,184 
U.S. Plans, October 1, 2022Level 1Level 2Level 3Total
Investments at fair value:
Shares of registered investment companies:
Equity funds$116,598 $— $— $116,598 
Fixed income funds180,291 — — 180,291 
Money market funds— 7,144 — 7,144 
Cash and cash equivalents— 5,790 — 5,790 
Total investments in fair value hierarchy
296,889 12,934 — 309,823 
Investments measured at NAV practical expedient (1)135,900 
Total investments at fair value$296,889 $12,934 $— $445,723 
Non-U.S. Plans, October 1, 2022Level 1Level 2Level 3Total
Investments at fair value:
Mutual funds:
Equity funds$— $5,091 $— $5,091 
Fixed income funds— 6,020 — 6,020 
Equity securities5,739 — — 5,739 
Fixed income securities— 18,515 — 18,515 
Collective investment trusts— 17,229 — 17,229 
Unit linked life insurance funds— 35,089 — 35,089 
Money market funds— 840 — 840 
Cash and cash equivalents465 — — 465 
Insurance contracts and other
— — 2,006 2,006 
Total investments at fair value$6,204 $82,784 $2,006 $90,994 
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:
  
  
Non-U.S. Plans
Balance at October 2, 2021$2,991 
Return on assets36 
Purchases from contributions to Plans1,430 
Settlements paid in cash(1,801)
Foreign currency translation
(650)
Balance at October 1, 20222,006 
Return on assets23 
Purchases from contributions to Plans2,310 
Settlements paid in cash(2,684)
Foreign currency translation(37)
Balance at September 30, 2023$1,618 
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 September 30, 2023:
Fair Value
September 30, 2023October 1, 2022Unfunded CommitmentsRedemption FrequencyRedemption Notice Period
Collective investment trusts$92,140 $119,470 $— Daily5 days
Limited partnerships (1)13,256 16,430 3,799 Varies10-45 days
Total$105,396 $135,900 $3,799 
Schedule Of Pension Expense
Expense for defined benefit plans is as follows:
  
U.S. PlansNon-U.S. Plans
202320222021202320222021
Service cost$12,913 $19,827 $22,488 $2,674 $4,248 $5,290 
Interest cost28,112 18,246 17,103 5,448 2,413 2,277 
Expected return on plan assets(28,589)(29,803)(30,543)(4,244)(3,401)(4,102)
Amortization of prior service cost — — 55 58 45 
Amortization of actuarial loss13,449 15,586 13,721 399 3,877 5,568 
Curtailment gain — —  — (5,830)
Settlement (gain) loss12,542 — — (151)280 (44)
Total expense for defined benefit plans
$38,427 $23,856 $22,769 $4,181 $7,475 $3,204 
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
2024$19,653 $6,479 
202522,702 6,743 
202625,438 7,920 
202727,999 7,115 
202830,434 8,865 
Five years thereafter182,979 42,211 
Schedule Of Changes In The Accumulated Benefit Obligation Of Unfunded Plan The changes in the accumulated benefit obligation of this unfunded plan for 2023 and 2022 are shown in the following table:
September 30, 2023October 1, 2022
Change in Accumulated Postretirement Benefit Obligation (APBO):
APBO at prior year measurement date$3,674 $6,281 
Service cost16 33 
Interest cost166 90 
Contributions by plan participants453 559 
Benefits paid(903)(478)
Actuarial (gains) losses(566)(2,811)
APBO at measurement date$2,840 $3,674 
Funded status$(2,840)$(3,674)
Accrued postretirement benefit liability$2,840 $3,674 
Amount recognized in AOCIL, before taxes:
Actuarial gains5,252 7,579 
Amount recognized in AOCIL, before taxes$5,252 $7,579 
Schedule Of Cost Of The Postretirement Benefit Plan
The cost of the postretirement benefit plan is as follows:
202320222021
Service cost$16 $33 $52 
Interest cost166 90 124 
Amortization of actuarial gain(2,321)(1,274)(513)
Net periodic postretirement benefit income$(2,139)$(1,151)$(337)