XML 47 R34.htm IDEA: XBRL DOCUMENT v3.22.1
LEASES (Tables)
 6 Months Ended
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 LocationApril 2,
2022		April 3,
2021		September 30,
2021
Operating leases:
Right-of-use assetsOther assets$293.2 $208.0 $293.0 
Current lease liabilitiesOther current liabilities71.9 60.1 66.4 
Non-current lease liabilitiesOther liabilities230.3 154.9 234.4 
Total operating lease liabilities$302.2 $215.0 $300.8 
Finance leases:
Right-of-use assetsProperty, plant and equipment, net$28.3 $31.9 $31.3 
Current lease liabilitiesCurrent portion of debt6.0 5.3 5.9 
Non-current lease liabilitiesLong-term debt24.5 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 leases7.6
Weighted-average discount rate:
Operating leases3.2 %
Finance leases4.3 %
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 EndedSix 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 cost11.2 12.1 21.0 15.2 
Finance lease cost
Amortization of right-of-use assets1.6 1.5 3.2 3.0 
Interest on lease liabilities0.3 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 leases0.6 0.7 
Financing cash flows from finance leases2.9 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:
YearOperating LeasesFinance Leases
2022 (remainder of the year)$41.6 $3.5 
202375.6 7.1 
202467.6 7.1 
202552.4 2.9 
202635.8 1.9 
Thereafter55.9 13.6 
Total lease payments328.9 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:
YearOperating LeasesFinance Leases
2022 (remainder of the year)$41.6 $3.5 
202375.6 7.1 
202467.6 7.1 
202552.4 2.9 
202635.8 1.9 
Thereafter55.9 13.6 
Total lease payments328.9 36.1 
Less: Imputed interest(26.7)(5.6)
Total lease liabilities$302.2 $30.5