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EQUITY (Tables)

6 Months Ended

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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