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DEBT (Tables)

6 Months Ended

Apr. 03, 2021

Debt Disclosure [Abstract]

Components of Long-Term Debt

The components of debt are as follows:

			April 3, 2021						March 28, 2020						September 30, 2020
Credit Facilities:
Revolving loans			$	460.2					$	691.9					$	64.0
Term loans			690.0						740.0						710.0
Senior Notes – 4.000%			500.0						—						—
Senior Notes – 4.500%			450.0						450.0						450.0
Senior Notes – 5.250%			250.0						250.0						250.0
Receivables facility			160.0						160.0						20.0
Finance lease obligations			33.5						35.9						36.1
Other			7.6						8.7						1.1
Total debt			2,551.3						2,336.5						1,531.2
Less current portions			212.8						212.2						66.4
Less unamortized debt issuance costs			16.0						10.5						9.7
Long-term debt			$	2,322.5					$	2,113.8					$	1,455.1

Schedule of Interest Rate Swap Agreements

The notional amount, effective date, expiration date and rate of each of the swap agreements outstanding at April 3, 2021 are shown in the table below:

Notional Amount						Effective Date (a)						Expiration Date						Fixed Rate
$	200		(b)			11/7/2018						6/7/2021						2.87		%
100						11/7/2018						7/7/2021						2.96		%
200						11/7/2018						10/7/2021						2.98		%
100						12/21/2020						6/20/2023						1.36		%
300			(b)			1/7/2021						6/7/2023						1.34		%
200						10/7/2021						6/7/2023						1.37		%
200			(b)			1/20/2022						6/20/2024						0.58		%
200						6/7/2023						6/8/2026						0.85		%

(a)The effective date refers to the date on which interest payments are first hedged by the applicable swap agreement.

(b)Notional amount adjusts in accordance with a specified seasonal schedule. This represents the maximum notional amount at any point in time.

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