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EQUITY (Tables)

6 Months Ended

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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