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FAIR VALUE MEASUREMENTS | 3 Months Ended
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Dec. 31, 2022
Fair Value Disclosures [Abstract] |
FAIR VALUE MEASUREMENTS | FAIR VALUE MEASUREMENTS The following table summarizes the fair value of the Company’s assets and liabilities for which disclosure of fair value is required:
|  |  |  | December 31, 2022 |  | January 1, 2022 |  | September 30, 2022
|  | Fair Value Hierarchy Level |  | Carrying Amount |  | Estimated Fair Value |  | Carrying Amount |  | Estimated Fair Value |  | Carrying Amount |  | Estimated Fair Value
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash equivalents |  | Level 1 |  | $ | 1.9 |  |  | $ | 1.9 |  |  | $ | 1.6 |  |  | $ | 1.6 |  |  | $ | 64.3 |  |  | $ | 64.3 |
Other |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investment securities in non-qualified retirement plan assets |  | Level 1 |  | 37.7 |  |  | 37.7 |  |  | 50.1 |  |  | 50.1 |  |  | 38.4 |  |  | 38.4 |
Convertible debt investments |  | Level 3 |  | 91.2 |  |  | 91.2 |  |  | 191.3 |  |  | 191.3 |  |  | 117.0 |  |  | 117.0 |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt instruments |  |  |  |  |  |  |  |  |  |  |  |  |  |
Credit facilities – revolving loans |  | Level 2 |  | 681.5 |  |  | 681.5 |  |  | 856.5 |  |  | 856.5 |  |  | 300.5 |  |  | 300.5 |
Credit facilities – term loans |  | Level 2 |  | 962.5 |  |  | 962.5 |  |  | 660.0 |  |  | 660.0 |  |  | 975.0 |  |  | 975.0 |
Senior Notes due 2031 – 4.000% |  | Level 2 |  | 500.0 |  |  | 375.6 |  |  | 500.0 |  |  | 495.0 |  |  | 500.0 |  |  | 350.6 |
Senior Notes due 2032 – 4.375% |  | Level 2 |  | 400.0 |  |  | 303.0 |  |  | 400.0 |  |  | 399.0 |  |  | 400.0 |  |  | 284.0 |
Senior Notes due 2029 – 4.500% |  | Level 2 |  | 450.0 |  |  | 364.5 |  |  | 450.0 |  |  | 468.6 |  |  | 450.0 |  |  | 325.7 |
Senior Notes due 2026 – 5.250% |  | Level 2 |  | 250.0 |  |  | 236.3 |  |  | 250.0 |  |  | 256.6 |  |  | 250.0 |  |  | 230.0 |
Receivables facility |  | Level 2 |  | 161.0 |  |  | 161.0 |  |  | 94.0 |  |  | 94.0 |  |  | 75.0 |  |  | 75.0 |
Other debt |  | Level 2 |  | 3.8 |  |  | 3.8 |  |  | 20.6 |  |  | 20.6 |  |  | 12.7 |  |  | 12.7 |
Changes in the balance of Level 3 convertible debt investments carried at fair value are presented below. There were no transfers into or out of Level 3.
| Three Months Ended
| December 31, 2022 |  | January 1, 2022
Fair value at beginning of period | $ | 117.0 |  |  | $ | 190.3 |
Total realized / unrealized gains included in net earnings | 1.0 |  |  | 0.8 |
Total realized / unrealized gains (losses) included in OCI | (26.8) |  | 0.2 |
Fair value at end of period | $ | 91.2 |  |  | $ | 191.3 |
The amortized cost basis of convertible debt investments was $223.0, $194.2 and $222.1 at December 31, 2022, January 1, 2022 and September 30, 2022, respectively. At December 31, 2022, January 1, 2022 and September 30, 2022, gross unrealized losses on convertible debt investments were $131.9, $2.9 and $105.1, respectively. These investments have been in a continuous unrealized loss position for greater than 12 months as of December 31, 2022. The decline in fair value of the convertible debt investments is related to a decline in the value of the underlying conversion options and is not reflective of a credit risk associated with the notes. The Company believes it will recover its cost basis in the convertible debt securities and that the Company has the ability to hold the securities until they recover in value and had no intent to sell or convert them at December 31, 2022.

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- References No definition available. + Details
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- Definition The entire disclosure of the fair value measurement of assets and liabilities, which includes financial instruments measured at fair value that are classified in shareholders' equity, which may be measured on a recurring or nonrecurring basis. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -URI https://asc.fasb.org/topic&trid=2155941 + Details
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