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LEASES (Tables)
3 Months Ended
Jan. 01, 2022
Leases [Abstract]  
Weighted-Average Remaining Lease Term and Discount Rate and Supplemental Balance Sheet Information Schedule
Supplemental balance sheet information related to the Company’s leases was as follows:
Balance Sheet LocationJanuary 1,
2022
January 2,
2021
September 30,
2021
Operating leases:
Right-of-use assetsOther assets$294.4 $169.6 $293.0 
Current lease liabilitiesOther current liabilities70.2 52.9 66.4 
Non-current lease liabilitiesOther liabilities232.8 122.9 234.4 
Total operating lease liabilities$303.0 $175.8 $300.8 
Finance leases:
Right-of-use assetsProperty, plant and equipment, net$29.8 $33.3 $31.3 
Current lease liabilitiesCurrent portion of debt5.9 5.2 5.9 
Non-current lease liabilitiesLong-term debt26.0 29.6 27.5 
Total finance lease liabilities$31.9 $34.8 $33.4 
Weighted-average remaining lease term and discount rate for the Company’s leases were as follows:
January 1,
2022
Weighted-average remaining lease term (in years):
Operating leases 5.4
Finance leases7.7
Weighted-average discount rate:
Operating leases3.2 %
Finance leases4.2 %
Lease Cost Components and Supplemental Cash Flow Information and Non-Cash Activity For Company's Leases Schedules
Components of lease cost were as follows:
Three Months Ended
January 1,
2022
January 2,
2021
Operating lease cost (a)
$20.9 $15.4 
Variable lease cost9.7 3.1 
Finance lease cost
Amortization of right-of-use assets1.6 1.5 
Interest on lease liabilities0.3 0.4 
Total finance lease cost$1.9 $1.9 
(a)Operating lease cost includes amortization of ROU assets of $17.6 and $13.3 for the three months ended January 1, 2022 and January 2, 2021, respectively. Short-term lease expense is excluded from operating lease cost and is not material.
Supplemental cash flow information and non-cash activity related to the Company’s leases were as follows:
Three Months Ended
January 1,
2022
January 2,
2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases, net$20.2 $13.9 
Operating cash flows from finance leases0.3 0.4 
Financing cash flows from finance leases1.4 1.3 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases$20.6 $25.6 
Maturities of Operating Lease Liabilities by Fiscal Year Schedule
Maturities of lease liabilities by fiscal year for the Company’s leases as of January 1, 2022 were as follows:
YearOperating LeasesFinance Leases
2022 (remainder of the year)$59.7 $5.3 
202371.9 7.1 
202462.8 7.1 
202548.6 2.9 
202632.6 1.9 
Thereafter54.8 13.6 
Total lease payments330.4 37.9 
Less: Imputed interest(27.4)(6.0)
Total lease liabilities$303.0 $31.9 
Maturities of Finance Lease Liabilities by Fiscal Year Schedule
Maturities of lease liabilities by fiscal year for the Company’s leases as of January 1, 2022 were as follows:
YearOperating LeasesFinance Leases
2022 (remainder of the year)$59.7 $5.3 
202371.9 7.1 
202462.8 7.1 
202548.6 2.9 
202632.6 1.9 
Thereafter54.8 13.6 
Total lease payments330.4 37.9 
Less: Imputed interest(27.4)(6.0)
Total lease liabilities$303.0 $31.9