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EQUITY (Tables) | 6 Months Ended
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Apr. 02, 2022
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, 2021 | $ | 477.0 |  |  | $ | 1,605.1 |  |  | $ | (1,002.4) |  |  | $ | (66.4) |  |  | $ | 1,013.3 |  |  | $ | — |  |  | $ | 1,013.3 |
Net income (loss) | — |  |  | (50.0) |  |  | — |  |  | — |  |  | (50.0) |  |  | — |  |  | (50.0) |
Other comprehensive income (loss) | — |  |  | — |  |  | — |  |  | 5.7 |  |  | 5.7 |  |  | — |  |  | 5.7 |
Share-based compensation | 7.3 |  |  | — |  |  | — |  |  | — |  |  | 7.3 |  |  | — |  |  | 7.3 |
Dividends declared ($0.66 per share) | — |  |  | (37.3) |  |  | — |  |  | — |  |  | (37.3) |  |  | — |  |  | (37.3) |
Treasury share purchases | — |  |  | — |  |  | (129.5) |  |  | — |  |  | (129.5) |  |  | — |  |  | (129.5) |
Treasury share issuances | 2.6 |  |  | — |  |  | 19.5 |  |  | — |  |  | 22.1 |  |  | — |  |  | 22.1 |
Balance at January 1, 2022 | $ | 486.9 |  |  | $ | 1,517.8 |  |  | $ | (1,112.4) |  |  | $ | (60.7) |  |  | $ | 831.6 |  |  | $ | — |  |  | $ | 831.6 |
Net income (loss) | — |  |  | 276.5 |  |  | — |  |  | — |  |  | 276.5 |  |  | — |  |  | 276.5 |
Other comprehensive income (loss) | — |  |  | — |  |  | — |  |  | 12.3 |  |  | 12.3 |  |  | — |  |  | 12.3 |
Share-based compensation | 15.9 |  |  | — |  |  | — |  |  | — |  |  | 15.9 |  |  | — |  |  | 15.9 |
Dividends declared ($0.66 per share) | — |  |  | (35.5) |  |  | — |  |  | — |  |  | (35.5) |  |  | — |  |  | (35.5) |
Treasury share purchases | — |  |  | — |  |  | (128.1) |  |  | — |  |  | (128.1) |  |  | — |  |  | (128.1) |
Treasury share issuances | (141.0) |  |  | — |  |  | 143.3 |  |  | — |  |  | 2.3 |  |  | — |  |  | 2.3 |
Balance at April 2, 2022 | $ | 361.8 |  |  | $ | 1,758.8 |  |  | $ | (1,097.2) |  |  | $ | (48.4) |  |  | $ | 975.0 |  |  | $ | — |  |  | $ | 975.0 |
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, 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.
Schedule of Accumulated Other Comprehensive Loss | Changes in accumulated other comprehensive loss (“AOCL”) by component were as follows for each of the periods indicated:
|  | Three Months Ended
|  | Foreign Currency Translation Adjustments |  | Net Unrealized Gains (Losses) On Derivative Instruments |  | Net Unrealized Gains (Losses) On Securities |  | Pension and Other Post-Retirement Benefit Adjustments |  | Accumulated Other Comprehensive Income (Loss)
Balance at January 1, 2022 |  | $ | (6.0) |  |  | $ | 19.5 |  |  | $ | (2.2) |  |  | $ | (72.1) |  |  | $ | (60.7) |
Other comprehensive income (loss) before reclassifications |  | (1.3) |  |  | 21.9 |  |  | 0.1 |  |  | — |  |  | 20.7 |
Amounts reclassified from accumulated other comprehensive net income (loss) |  | — |  |  | (5.8) |  |  | — |  |  | 2.2 |  |  | (3.6) |
Income tax benefit (expense) |  | — |  |  | (4.2) |  |  | — |  |  | (0.6) |  |  | (4.8) |
Net current period other comprehensive income (loss) |  | (1.3) |  |  | 11.9 |  |  | 0.1 |  |  | 1.6 |  |  | 12.3 |
Balance at April 2, 2022 |  | $ | (7.3) |  |  | $ | 31.5 |  |  | $ | (2.1) |  |  | $ | (70.5) |  |  | $ | (48.4) |
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) |
The sum of the components may not equal due to rounding.
|  | Six Months Ended
|  | Foreign Currency Translation Adjustments |  | Net Unrealized Gains (Losses) On Derivative Instruments |  | Net Unrealized Gains (Losses) On Securities |  | Pension and Other Post-Retirement Benefit Adjustments |  | Accumulated Other Comprehensive Income (Loss)
Balance at September 30, 2021 |  | $ | (1.7) |  |  | $ | 10.2 |  |  | $ | (2.3) |  |  | $ | (72.5) |  |  | $ | (66.4) |
Other comprehensive income (loss) before reclassifications |  | (5.6) |  |  | 34.9 |  |  | 0.4 |  |  | — |  |  | 29.7 |
Amounts reclassified from accumulated other comprehensive net income (loss) |  | — |  |  | (6.1) |  |  | — |  |  | 2.8 |  |  | (3.3) |
Income tax benefit (expense) |  | — |  |  | (7.5) |  |  | (0.1) |  |  | (0.7) |  |  | (8.2) |
Net current period other comprehensive income (loss) |  | (5.6) |  |  | 21.3 |  |  | 0.3 |  |  | 2.1 |  |  | 18.1 |
Balance at April 2, 2022 |  | $ | (7.3) |  |  | $ | 31.5 |  |  | $ | (2.1) |  |  | $ | (70.5) |  |  | $ | (48.4) |
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) |
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 2, 2022 |  | April 3, 2021
Employees |  |  |
Options | — |  |  | 183,553 |
Restricted stock units | 135,892 |  |  | 61,749 |
Performance units | 105,275 |  |  | 1,903 |
Non-Employee Directors |  |  |
Restricted and deferred stock units | 16,942 |  |  | 8,187 |
Total share-based awards | 258,109 |  |  | 255,392 |
Aggregate fair value at grant dates | $ | 34.5 |  |  | $ | 27.9 |
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 2, 2022 |  | April 3, 2021 |  | April 2, 2022 |  | April 3, 2021
Share-based compensation | $ | 15.9 |  |  | $ | 17.7 |  |  | $ | 23.2 |  |  | $ | 25.8 |
Related tax benefit recognized | 1.7 |  |  | 1.9 |  |  | 3.5 |  |  | 3.9 |
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 2, 2022 was as follows:
| No. of Units |  | Wtd. Avg. Grant Date Fair Value per Unit
Awards outstanding at September 30, 2021 | 375,825 |  |  | $ | 124.50 |
Granted | 152,834 |  |  | 134.00 |
Vested | (180,710) |  |  | 80.29 |
Forfeited | (14,717) |  |  | 166.87 |
Awards outstanding at April 2, 2022 | 333,232 |  |  | 150.96 |
Schedule of Performance-based Award Activity | Performance-based award activity during the six months ended April 2, 2022 was as follows (based on target award amounts):
| No. of Units |  | Wtd. Avg. Grant Date Fair Value per Unit
Awards outstanding at September 30, 2021 | 572,557 |  |  | $ | 95.09 |
Granted | 105,275 |  |  | 132.87 |
Vested (1) | (533,441) |  |  | 93.22 |
Forfeited | (9,484) |  |  | 110.50 |
Awards outstanding at April 2, 2022 | 134,907 |  |  | 130.88 |
(1) Vested at an average of 228 percent of the target performance share units granted.

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