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FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Dec. 31, 2022

Fair Value Disclosures [Abstract]

Fair Value Measurements, Recurring Basis

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

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- References

No definition available.

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- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

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