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EQUITY (Tables) | 6 Months Ended
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Apr. 03, 2021
Equity [Abstract] |
Summary of Changes in Equity | The following tables provide a summary of the changes in total equity, equity attributable to controlling interest, and equity attributable to noncontrolling interests for each of the periods indicated:
| Common Shares and Capital in Excess of Stated Value |  | Retained Earnings |  | Treasury Shares |  | Accumulated Other Comprehensive Loss |  | Total Equity - Controlling Interest |  | Noncontrolling Interest |  | Total Equity
Balance at September 30, 2020 | $ | 482.5 |  |  | $ | 1,235.6 |  |  | $ | (921.8) |  |  | $ | (99.1) |  |  | $ | 697.2 |  |  | $ | 5.7 |  |  | $ | 702.9 |
Net income (loss) | — |  |  | 24.4 |  |  | — |  |  | — |  |  | 24.4 |  |  | 0.8 |  |  | 25.2 |
Other comprehensive income (loss) | — |  |  | — |  |  | — |  |  | 15.6 |  |  | 15.6 |  |  | — |  |  | 15.6 |
Share-based compensation | 8.2 |  |  | — |  |  | — |  |  | — |  |  | 8.2 |  |  | — |  |  | 8.2 |
Dividends declared ($0.62 per share) | — |  |  | (35.7) |  |  | — |  |  | — |  |  | (35.7) |  |  | — |  |  | (35.7) |
Treasury share purchases | — |  |  | — |  |  | (38.4) |  |  | — |  |  | (38.4) |  |  | — |  |  | (38.4) |
Treasury share issuances | (0.1) |  |  | — |  |  | 1.3 |  |  | — |  |  | 1.2 |  |  | — |  |  | 1.2 |
Balance at January 2, 2021 | $ | 490.5 |  |  | $ | 1,224.4 |  |  | $ | (958.8) |  |  | $ | (83.5) |  |  | $ | 672.6 |  |  | $ | 6.4 |  |  | $ | 679.0 |
Net income (loss) | — |  |  | 310.0 |  |  | — |  |  | — |  |  | 310.0 |  |  | 0.2 |  |  | 310.2 |
Other comprehensive income (loss) | — |  |  | — |  |  | — |  |  | 5.5 |  |  | 5.5 |  |  | — |  |  | 5.5 |
Share-based compensation | 17.7 |  |  | — |  |  | — |  |  | — |  |  | 17.7 |  |  | — |  |  | 17.7 |
Dividends declared ($0.62 per share) | — |  |  | (34.2) |  |  | — |  |  | — |  |  | (34.2) |  |  | — |  |  | (34.2) |
Treasury share purchases | — |  |  | — |  |  | (23.8) |  |  | — |  |  | (23.8) |  |  | — |  |  | (23.8) |
Treasury share issuances | (21.7) |  |  | — |  |  | 28.3 |  |  | — |  |  | 6.6 |  |  | — |  |  | 6.6 |
Acquisition of noncontrolling interests | (13.4) |  |  | — |  |  | — |  |  | — |  |  | (13.4) |  |  | (6.7) |  |  | (20.1) |
Balance at April 3, 2021 | $ | 473.0 |  |  | $ | 1,500.2 |  |  | $ | (954.3) |  |  | $ | (78.0) |  |  | $ | 940.9 |  |  | $ | — |  |  | $ | 940.9 |
The sum of the components may not equal due to rounding.
| Common Shares and Capital in Excess of Stated Value |  | Retained Earnings |  | Treasury Shares |  | Accumulated Other Comprehensive Loss |  | Total Equity - Controlling Interest |  | Noncontrolling Interest |  | Total Equity
Balance at September 30, 2019 | $ | 442.2 |  |  | $ | 1,274.7 |  |  | $ | (904.3) |  |  | $ | (93.9) |  |  | $ | 718.7 |  |  | $ | 4.5 |  |  | $ | 723.2 |
Net income (loss) | — |  |  | (71.4) |  |  | — |  |  | — |  |  | (71.4) |  |  | 0.1 |  |  | (71.3) |
Other comprehensive income (loss) | — |  |  | — |  |  | — |  |  | 2.9 |  |  | 2.9 |  |  | — |  |  | 2.9 |
Share-based compensation | 7.0 |  |  | — |  |  | — |  |  | — |  |  | 7.0 |  |  | — |  |  | 7.0 |
Dividends declared ($0.58 per share) | — |  |  | (33.5) |  |  | — |  |  | — |  |  | (33.5) |  |  | — |  |  | (33.5) |
Treasury share issuances | (0.3) |  |  | — |  |  | 1.2 |  |  | — |  |  | 0.9 |  |  | — |  |  | 0.9 |
Balance at December 28, 2019 | $ | 448.9 |  |  | $ | 1,169.8 |  |  | $ | (903.1) |  |  | $ | (91.0) |  |  | $ | 624.6 |  |  | $ | 4.7 |  |  | $ | 629.3 |
Net income (loss) | — |  |  | 252.2 |  |  | — |  |  | — |  |  | 252.2 |  |  | 0.2 |  |  | 252.4 |
Other comprehensive income (loss) | — |  |  | — |  |  | — |  |  | (16.9) |  |  | (16.9) |  |  | — |  |  | (16.9) |
Share-based compensation | 12.0 |  |  | — |  |  | — |  |  | — |  |  | 12.0 |  |  | — |  |  | 12.0 |
Dividends declared ($0.58 per share) | — |  |  | (33.0) |  |  | — |  |  | — |  |  | (33.0) |  |  | — |  |  | (33.0) |
Treasury share purchases | — |  |  | — |  |  | (52.9) |  |  | — |  |  | (52.9) |  |  | — |  |  | (52.9) |
Treasury share issuances | (10.5) |  |  | — |  |  | 14.2 |  |  | — |  |  | 3.7 |  |  | — |  |  | 3.7 |
Balance at March 28, 2020 | $ | 450.5 |  |  | $ | 1,389.0 |  |  | $ | (941.9) |  |  | $ | (107.9) |  |  | $ | 789.7 |  |  | $ | 4.9 |  |  | $ | 794.6 |
The sum of the components may not equal due to rounding.
Schedule of Accumulated Other Comprehensive Loss | Changes in AOCL by component were as follows for each of the periods indicated:
|  | Three Months Ended
|  | Foreign Currency Translation Adjustments |  | Net Unrealized Gain (Loss) On Derivative Instruments |  | Net Unrealized Gain (Loss) in Pension and Other Post-Retirement Benefits |  | Accumulated Other Comprehensive Income (Loss)
Balance at January 2, 2021 |  | $ | 6.2 |  |  | $ | (10.7) |  |  | $ | (79.0) |  |  | $ | (83.5) |
Other comprehensive income (loss) before reclassifications |  | (4.3) |  |  | 10.0 |  |  | — |  |  | 5.7 |
Amounts reclassified from accumulated other comprehensive net income (loss) |  | — |  |  | 2.7 |  |  | 0.5 |  |  | 3.2 |
Income tax benefit (expense) |  | — |  |  | (3.3) |  |  | (0.1) |  |  | (3.4) |
Net current period other comprehensive income (loss) |  | (4.3) |  |  | 9.4 |  |  | 0.4 |  |  | 5.5 |
Balance at April 3, 2021 |  | $ | 1.9 |  |  | $ | (1.3) |  |  | $ | (78.6) |  |  | $ | (78.0) |
Balance at December 28, 2019 |  | $ | (12.8) |  |  | $ | (8.7) |  |  | $ | (69.5) |  |  | $ | (91.0) |
Other comprehensive income (loss) before reclassifications |  | (9.9) |  |  | (15.0) |  |  | — |  |  | (24.9) |
Amounts reclassified from accumulated other comprehensive net income (loss) |  | — |  |  | 2.6 |  |  | 2.9 |  |  | 5.5 |
Income tax benefit (expense) |  | — |  |  | 3.2 |  |  | (0.7) |  |  | 2.5 |
Net current period other comprehensive income (loss) |  | (9.9) |  |  | (9.2) |  |  | 2.2 |  |  | (16.9) |
Balance at March 28, 2020 |  | $ | (22.7) |  |  | $ | (17.9) |  |  | $ | (67.3) |  |  | $ | (107.9) |
The sum of the components may not equal due to rounding.
|  | Six Months Ended
|  | Foreign Currency Translation Adjustments |  | Net Unrealized Gain (Loss) On Derivative Instruments |  | Net Unrealized Gain (Loss) in Pension and Other Post-Retirement Benefits |  | Accumulated Other Comprehensive Income (Loss)
Balance at September 30, 2020 |  | $ | (6.2) |  |  | $ | (15.1) |  |  | $ | (77.8) |  |  | $ | (99.1) |
Other comprehensive income (loss) before reclassifications |  | 8.1 |  |  | 13.4 |  |  | — |  |  | 21.5 |
Amounts reclassified from accumulated other comprehensive net income (loss) |  | — |  |  | 5.3 |  |  | (1.1) |  |  | 4.2 |
Income tax benefit (expense) |  | — |  |  | (4.9) |  |  | 0.3 |  |  | (4.6) |
Net current period other comprehensive income (loss) |  | 8.1 |  |  | 13.8 |  |  | (0.8) |  |  | 21.1 |
Balance at April 3, 2021 |  | $ | 1.9 |  |  | $ | (1.3) |  |  | $ | (78.6) |  |  | $ | (78.0) |
Balance at September 30, 2019 |  | $ | (17.4) |  |  | $ | (8.1) |  |  | $ | (68.4) |  |  | $ | (93.9) |
Other comprehensive income (loss) before reclassifications |  | (5.3) |  |  | (16.8) |  |  | — |  |  | (22.1) |
Amounts reclassified from accumulated other comprehensive net income (loss) |  | — |  |  | 3.6 |  |  | 1.5 |  |  | 5.1 |
Income tax benefit (expense) |  | — |  |  | 3.4 |  |  | (0.4) |  |  | 3.0 |
Net current period other comprehensive income (loss) |  | (5.3) |  |  | (9.8) |  |  | 1.1 |  |  | (14.0) |
Balance at March 28, 2020 |  | $ | (22.7) |  |  | $ | (17.9) |  |  | $ | (67.3) |  |  | $ | (107.9) |
The sum of the components may not equal due to rounding
Schedule of Share-Based Awards Granted | The following is a summary of the share-based awards granted during each of the periods indicated:
| Six Months Ended
| April 3, 2021 |  | March 28, 2020
Employees |  |  |
Options | 183,553 |  |  | — |
Restricted stock units | 61,749 |  |  | 117,266 |
Performance units | 1,903 |  |  | 37,166 |
Non-Employee Directors |  |  |
Restricted and deferred stock units | 8,187 |  |  | 15,483 |
Total share-based awards | 255,392 |  |  | 169,915 |
Aggregate fair value at grant dates | $ | 27.9 |  |  | $ | 20.6 |
Schedule of Share-Based Compensation | Total share-based compensation was as follows for each of the periods indicated:
| Three Months Ended |  | Six Months Ended
| April 3, 2021 |  | March 28, 2020 |  | April 3, 2021 |  | March 28, 2020
Share-based compensation | $ | 17.7 |  |  | $ | 12.0 |  |  | $ | 25.8 |  |  | $ | 19.0 |
Related tax benefit recognized | 1.9 |  |  | 2.1 |  |  | 3.9 |  |  | 3.8 |
Schedule of Stock Option Activity | Stock option activity during the six months ended April 3, 2021 was as follows:
| No. of Options |  | Wtd. Avg. Exercise Price
Awards outstanding at September 30, 2020 | 619,225 |  |  | $ | 57.90 |
Granted | 183,553 |  |  | 236.53 |
Exercised | (99,902) |  |  | 61.45 |
Awards outstanding at April 3, 2021 | 702,876 |  |  | 104.04 |
Exercisable | 519,323 |  |  | 57.21 |
Summary of Information on Stock Option Awards Outstanding and Exercisable | The following summarizes certain information pertaining to stock option awards outstanding and exercisable at April 3, 2021:
|  | Awards Outstanding |  | Awards Exercisable
Range of Exercise Price |  | No of Options |  | Wtd. Avg. Remaining Life |  | Wtd. Avg. Exercise Price |  | No. of Options |  | Wtd. Avg. Remaining Life |  | Wtd. Avg. Exercise Price
$42.60 - $42.60 |  | 0.1 |  |  | 0.80 |  | $ | 42.60 |  |  | 0.1 |  |  | 0.80 |  | $ | 42.60 |
$59.62 - $64.55 |  | 0.4 |  |  | 4.34 |  | 62.18 |  |  | 0.4 |  |  | 4.34 |  | 62.18 |
$236.53 - $236.53 |  | 0.2 |  |  | 9.84 |  | 236.53 |  |  | — |  |  | 0 |  | — |
|  | 0.7 |  |  | 5.11 |  | 104.04 |  |  | 0.5 |  |  | 3.44 |  | 57.21 |
Schedule of Intrinsic Values of Stock Option Awards Outstanding and Exercisable | The intrinsic values of the stock option awards outstanding and exercisable at April 3, 2021 were as follows:
Outstanding | $ | 102.6 |
Exercisable | 100.1 |
Schedule of Weighted Average Assumptions for Stock Options | The weighted average assumptions for awards granted in fiscal 2021 are as follows:
Expected market price volatility | 31.9 | %
Risk-free interest rate | 0.7 | %
Expected dividend yield | 1.8 | %
Expected life of stock options in years | 6.06
Estimated weighted-average fair value per stock option | $ | 61.15 |
Schedule of Restricted Share-based Award Activity | Restricted share-based award activity (including restricted stock units and deferred stock units) during the six months ended April 3, 2021 was as follows:
| No. of Units |  | Wtd. Avg. Grant Date Fair Value per Unit
Awards outstanding at September 30, 2020 | 500,237 |  |  | $ | 94.53 |
Granted | 69,936 |  |  | 232.70 |
Vested | (132,105) |  |  | 97.00 |
Forfeited | (5,630) |  |  | 98.67 |
Awards outstanding at April 3, 2021 | 432,438 |  |  | 116.07 |
At April 3, 2021, the total pre-tax compensation cost, net of estimated forfeitures, related to nonvested restricted sto
Schedule of Performance-based Award Activity | Performance-based award activity during the six months ended April 3, 2021 was as follows (based on target award amounts):
| No. of Units |  | Wtd. Avg. Grant Date Fair Value per Unit
Awards outstanding at September 30, 2020 | 666,128 |  |  | $ | 92.85 |
Granted | 1,903 |  |  | 236.53 |
Vested (1) | (26,729) |  |  | 87.99 |
Forfeited | (63,959) |  |  | 90.91 |
Awards outstanding at April 3, 2021 | 577,343 |  |  | 96.75 |
(1) Vested at an average of 196 percent of the target performance share units granted.

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