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LEASES (Tables) | 6 Months Ended
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Apr. 02, 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 Location |  | April 2, 2022 |  | April 3, 2021 |  | September 30, 2021
Operating leases: |  |  |  |  |  |  |
Right-of-use assets | Other assets |  | $ | 293.2 |  |  | $ | 208.0 |  |  | $ | 293.0 |
Current lease liabilities | Other current liabilities |  | 71.9 |  |  | 60.1 |  |  | 66.4 |
Non-current lease liabilities | Other liabilities |  | 230.3 |  |  | 154.9 |  |  | 234.4 |
Total operating lease liabilities |  | $ | 302.2 |  |  | $ | 215.0 |  |  | $ | 300.8 |
Finance leases: |  |  |  |  |  |  |
Right-of-use assets | Property, plant and equipment, net |  | $ | 28.3 |  |  | $ | 31.9 |  |  | $ | 31.3 |
Current lease liabilities | Current portion of debt |  | 6.0 |  |  | 5.3 |  |  | 5.9 |
Non-current lease liabilities | Long-term debt |  | 24.5 |  |  | 28.2 |  |  | 27.5 |
Total finance lease liabilities |  | $ | 30.5 |  |  | $ | 33.5 |  |  | $ | 33.4 |
Weighted-average remaining lease term and discount rate for the Company’s leases were as follows:
| April 2, 2022
Weighted-average remaining lease term (in years): |
Operating leases | 5.2
Finance leases | 7.6
Weighted-average discount rate: |
Operating leases | 3.2 | %
Finance leases | 4.3 | %
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 |  | Six Months Ended
| April 2, 2022 |  | April 3, 2021 |  | April 2, 2022 |  | April 3, 2021
Operating lease cost (a) | $ | 21.5 |  |  | $ | 16.1 |  |  | $ | 42.4 |  |  | $ | 31.5 |
Variable lease cost | 11.2 |  |  | 12.1 |  |  | 21.0 |  |  | 15.2 |
Finance lease cost |  |  |  |  |  |  |
Amortization of right-of-use assets | 1.6 |  |  | 1.5 |  |  | 3.2 |  |  | 3.0 |
Interest on lease liabilities | 0.3 |  |  | 0.3 |  |  | 0.6 |  |  | 0.7 |
Total finance lease cost | $ | 1.9 |  |  | $ | 1.8 |  |  | $ | 3.8 |  |  | $ | 3.7 |
(a)Operating lease cost includes amortization of ROU assets of $19.3 and $36.9 for the three and six months ended April 2, 2022, respectively, and $14.6 and $27.9 for the three and six months ended April 3, 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:
|  |  | Six Months Ended
|  |  |  |  | April 2, 2022 |  | April 3, 2021
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |  |
Operating cash flows from operating leases, net |  |  |  |  | $ | 41.4 |  |  | $ | 29.0 |
Operating cash flows from finance leases |  |  |  |  | 0.6 |  |  | 0.7 |
Financing cash flows from finance leases |  |  |  |  | 2.9 |  |  | 2.6 |
Right-of-use assets obtained in exchange for lease obligations: |  |  |  |  |  |  |
Operating leases |  |  |  |  | $ | 38.1 |  |  | $ | 77.6 |
Maturities of Operating Lease Liabilities by Fiscal Year Schedule | Maturities of lease liabilities by fiscal year for the Company’s leases as of April 2, 2022 were as follows:
Year |  | Operating Leases |  | Finance Leases
2022 (remainder of the year) |  | $ | 41.6 |  |  | $ | 3.5 |
2023 |  | 75.6 |  |  | 7.1 |
2024 |  | 67.6 |  |  | 7.1 |
2025 |  | 52.4 |  |  | 2.9 |
2026 |  | 35.8 |  |  | 1.9 |
Thereafter |  | 55.9 |  |  | 13.6 |
Total lease payments |  | 328.9 |  |  | 36.1 |
Less: Imputed interest |  | (26.7) |  |  | (5.6) |
Total lease liabilities |  | $ | 302.2 |  |  | $ | 30.5 |
Maturities of Finance Lease Liabilities by Fiscal Year Schedule | Maturities of lease liabilities by fiscal year for the Company’s leases as of April 2, 2022 were as follows:
Year |  | Operating Leases |  | Finance Leases
2022 (remainder of the year) |  | $ | 41.6 |  |  | $ | 3.5 |
2023 |  | 75.6 |  |  | 7.1 |
2024 |  | 67.6 |  |  | 7.1 |
2025 |  | 52.4 |  |  | 2.9 |
2026 |  | 35.8 |  |  | 1.9 |
Thereafter |  | 55.9 |  |  | 13.6 |
Total lease payments |  | 328.9 |  |  | 36.1 |
Less: Imputed interest |  | (26.7) |  |  | (5.6) |
Total lease liabilities |  | $ | 302.2 |  |  | $ | 30.5 |

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