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EQUITY (Tables)

6 Months Ended

Apr. 01, 2023

Equity [Abstract]

Summary of Changes in Equity

The following tables provide a summary of the changes in equity 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
Balance at September 30, 2022			$	364.0					$	1,020.1					$	(1,091.8)					$	(144.6)																	$	147.7
Net income (loss)			—						(64.7)						—						—																		(64.7)
Other comprehensive income (loss)			—						—						—						(24.6)																		(24.6)
Share-based compensation			20.8						—						—						—																		20.8
Dividends declared ($0.66 per share)			—						(37.5)						—						—																		(37.5)
Treasury share purchases			—						—						(0.8)						—																		(0.8)
Treasury share issuances			(17.2)						—						35.9						—																		18.7
Balance at December 31, 2022			367.6						917.9						(1,056.7)						(169.3)																		59.5
Net income (loss)			—						109.4						—						—																		109.4
Other comprehensive income (loss)			—						—						—						(17.8)																		(17.8)
Share-based compensation			37.2						—						—						—																		37.2
Dividends declared ($0.66 per share)			—						(37.0)						—						—																		(37.0)
Treasury share purchases			—						—						(5.6)						—																		(5.6)
Treasury share issuances			(30.4)						—						22.3						—																		(8.1)
Balance at April 1, 2023			$	374.3					$	990.3					$	(1,040.0)					$	(187.1)																	$	137.5

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
Balance at September 30, 2021			$	477.0					$	1,605.1					$	(1,002.4)					$	(66.4)																	$	1,013.3
Net income (loss)			—						(50.0)						—						—																		(50.0)
Other comprehensive income (loss)			—						—						—						5.7																		5.7
Share-based compensation			7.3						—						—						—																		7.3
Dividends declared ($0.66 per share)			—						(37.3)						—						—																		(37.3)
Treasury share purchases			—						—						(129.5)						—																		(129.5)
Treasury share issuances			2.6						—						19.5						—																		22.1
Balance at January 1, 2022			486.9						1,517.8						(1,112.4)						(60.7)																		831.6
Net income (loss)			—						276.5						—						—																		276.5
Other comprehensive income (loss)			—						—						—						12.3																		12.3
Share-based compensation			15.9						—						—						—																		15.9
Dividends declared ($0.66 per share)			—						(35.5)						—						—																		(35.5)
Treasury share purchases			—						—						(128.1)						—																		(128.1)
Treasury share issuances			(141.0)						—						143.3						—																		2.3
Balance at April 2, 2022			$	361.8					$	1,758.8					$	(1,097.2)					$	(48.4)																	$	975.0

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 Gain (Loss) On Derivative Instruments						Net Unrealized Gain (Loss) On Securities						Pension and Other Post-Retirement Benefit Adjustments						Accumulated Other Comprehensive Income (Loss)
Balance at December 31, 2022						$	(21.7)					$	24.8					$	(100.2)					$	(72.2)					$	(169.3)
Other comprehensive income (loss) before reclassifications						1.1						(6.4)						(7.3)						—						(12.6)
Amounts reclassified from accumulated other comprehensive net income (loss)						—						(11.0)						—						(0.4)						(11.4)
Income tax benefit (expense)						—						4.4						1.7						0.1						6.2
Net current period other comprehensive income (loss)						1.1						(13.0)						(5.6)						(0.3)						(17.8)
Balance at April 1, 2023						$	(20.7)					$	11.8					$	(105.7)					$	(72.6)					$	(187.1)
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)

The sum of the components may not equal due to rounding.

						Six Months Ended
						Foreign Currency Translation Adjustments						Net Unrealized Gain (Loss) On Derivative Instruments						Net Unrealized Gain (Loss) On Securities						Pension and Other Post-Retirement Benefit Adjustments						Accumulated Other Comprehensive Income (Loss)
Balance at September 30, 2022						$	(28.9)					$	33.3					$	(79.7)					$	(69.3)					$	(144.6)
Other comprehensive income (loss) before reclassifications						8.3						(12.9)						(34.1)						—						(38.7)
Amounts reclassified from accumulated other comprehensive net income (loss)						—						(16.0)						—						(4.3)						(20.3)
Income tax benefit (expense)						—						7.4						8.1						1.1						16.6
Net current period other comprehensive income (loss)						8.3						(21.5)						(26.0)						(3.2)						(42.4)
Balance at April 1, 2023						$	(20.7)					$	11.8					$	(105.7)					$	(72.6)					$	(187.1)
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)

The sum of the components may not equal due to rounding.

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 1, 2023						April 2, 2022						April 1, 2023						April 2, 2022
Share-based compensation			$	37.2					$	15.9					$	57.9					$	23.2
Related tax benefit recognized			6.1						1.7						10.8						3.5

Schedule of Restricted Share-based Award Activity

Restricted stock-based awards granted to employees and non-employee directors (including restricted stock units and deferred stock units) during the six months ended April 1, 2023 were as follows: 

			No. of Units						Wtd. Avg. Grant Date Fair Value per Unit
Awards outstanding at September 30, 2022			320,575						$	143.19
Granted			433,880						59.54
Vested			(113,547)						117.22
Forfeited			(22,891)						104.90
Awards outstanding at April 1, 2023			618,017						90.65

Schedule of Performance-based Award Activity

Performance-based award activity during the six months ended April 1, 2023 was as follows (based on target award amounts):

			No. of Units						Wtd. Avg. Grant Date Fair Value per Unit
Awards outstanding at September 30, 2022			113,256						$	130.94
Granted			682,797						65.97
Vested (a)			(250,483)						69.05
Forfeited			(14,723)						104.82
Awards outstanding at April 1, 2023			530,847						77.32

(a)     Vested at a weighted average of 102% of the target performance share units granted.

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