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EQUITY (Tables)

9 Months Ended

Jul. 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
Net income (loss)			—						225.9						—						—						225.9						—						225.9
Other comprehensive income (loss)			—						—						—						4.1						4.1						—						4.1
Share-based compensation			8.1						—						—						—						8.1						—						8.1
Dividends declared ( $0.62 per share)			—						(35.1)						—						—						(35.1)						—						(35.1)
Treasury share purchases			—						—						(28.8)						—						(28.8)						—						(28.8)
Treasury share issuances			(9.7)						—						17.0						—						7.3						—						7.3
Balance at July 3, 2021			$	471.4					$	1,691.0					$	(966.1)					$	(73.9)					$	1,122.4					$	—					$	1,122.4

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
Net income (loss)			—						202.8						—						—						202.8						0.5						203.3
Other comprehensive income (loss)			—						—						—						5.7						5.7						—						5.7
Share-based compensation			22.8						—						—						—						22.8						—						22.8
Dividends declared ($0.58 per share)			—						(34.9)						—						—						(34.9)						—						(34.9)
Treasury share purchases			—						—						(0.2)						—						(0.2)						—						(0.2)
Treasury share issuances			(7.5)						—						20.0						—						12.5						—						12.5
Balance at June 27, 2020			$	465.8					$	1,557.0					$	(922.1)					$	(102.2)					$	998.5					$	5.4					$	1,003.9

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 April 3, 2021						$	1.9					$	(1.3)					$	(78.6)					$	(78.0)
Other comprehensive income (loss) before reclassifications						2.4						2.2						—						4.6
Amounts reclassified from accumulated other comprehensive net income (loss)						—						0.7						(0.5)						0.2
Income tax benefit (expense)						—						(0.8)						0.1						(0.7)
Net current period other comprehensive income (loss)						2.4						2.1						(0.4)						4.1
Balance at July 3, 2021						$	4.3					$	0.8					$	(79.0)					$	(73.9)
Balance at March 28, 2020						$	(22.7)					$	(17.9)					$	(67.3)					$	(107.9)
Other comprehensive income (loss) before reclassifications						5.3						(4.0)						—						1.3
Amounts reclassified from accumulated other comprehensive net income (loss)						—						4.2						0.4						4.6
Income tax benefit (expense)						—						(0.1)						(0.1)						(0.2)
Net current period other comprehensive income (loss)						5.3						0.1						0.3						5.7
Balance at June 27, 2020						$	(17.4)					$	(17.8)					$	(67.0)					$	(102.2)

The sum of the components may not equal due to rounding.

						Nine 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						10.5						15.5						—						26.0
Amounts reclassified from accumulated other comprehensive net income (loss)						—						5.9						(1.6)						4.3
Income tax benefit (expense)						—						(5.5)						0.4						(5.1)
Net current period other comprehensive income (loss)						10.5						15.9						(1.2)						25.2
Balance at July 3, 2021						$	4.3					$	0.8					$	(79.0)					$	(73.9)
Balance at September 30, 2019						$	(17.4)					$	(8.1)					$	(68.4)					$	(93.9)
Other comprehensive income (loss) before reclassifications						—						(20.9)						—						(20.9)
Amounts reclassified from accumulated other comprehensive net income (loss)						—						7.8						1.9						9.7
Income tax benefit (expense)						—						3.4						(0.5)						2.9
Net current period other comprehensive income (loss)						—						(9.7)						1.4						(8.3)
Balance at June 27, 2020						$	(17.4)					$	(17.8)					$	(67.0)					$	(102.2)

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:

			Nine Months Ended
			July 3, 2021						June 27, 2020
Employees
Options			183,553						—
Restricted stock units			69,758						118,410
Performance units			1,903						37,570
Non-Employee Directors
Restricted and deferred stock units			8,518						16,295
Total share-based awards			263,732						172,275
Aggregate fair value at grant dates			$	29.9					$	20.9

Schedule of Share-Based Compensation

Total share-based compensation was as follows for each of the periods indicated:

			Three Months Ended												Nine Months Ended
			July 3, 2021						June 27, 2020						July 3, 2021						June 27, 2020
Share-based compensation			$	8.1					$	22.8					$	34.0					$	41.8
Related tax benefit recognized			2.1						5.8						6.0						9.7

Schedule of Stock Option Activity

Stock option activity during the nine months ended July 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			(234,587)						51.18
Awards outstanding at July 3, 2021			568,191						118.38
Exercisable			384,638						62.00

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