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FAIR VALUE MEASUREMENTS (Tables) | 9 Months Ended
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Jul. 01, 2023
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:
|  | Fair Value Hierarchy Level |  | July 1, 2023 |  | July 2, 2022 |  | September 30, 2022
|  |  | Carrying Amount |  | Estimated Fair Value |  | Carrying Amount |  | Estimated Fair Value |  | Carrying Amount |  | Estimated Fair Value
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash equivalents |  | Level 1 |  | $ | 2.7 |  |  | $ | 2.7 |  |  | $ | 13.4 |  |  | $ | 13.4 |  |  | $ | 64.3 |  |  | $ | 64.3 |
Other |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investment securities in non-qualified retirement plan assets |  | Level 1 |  | 41.0 |  |  | 41.0 |  |  | 40.3 |  |  | 40.3 |  |  | 38.4 |  |  | 38.4 |
Convertible debt investments |  | Level 3 |  | 86.5 |  |  | 86.5 |  |  | 139.1 |  |  | 139.1 |  |  | 117.0 |  |  | 117.0 |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt instruments |  |  |  |  |  |  |  |  |  |  |  |  |  |
Credit facilities – revolving loans |  | Level 2 |  | 145.1 |  |  | 145.1 |  |  | 617.4 |  |  | 617.4 |  |  | 300.5 |  |  | 300.5 |
Credit facilities – term loans |  | Level 2 |  | 937.5 |  |  | 937.5 |  |  | 987.5 |  |  | 987.5 |  |  | 975.0 |  |  | 975.0 |
Senior Notes due 2031 – 4.000% |  | Level 2 |  | 500.0 |  |  | 392.5 |  |  | 500.0 |  |  | 373.1 |  |  | 500.0 |  |  | 350.6 |
Senior Notes due 2032 – 4.375% |  | Level 2 |  | 400.0 |  |  | 316.0 |  |  | 400.0 |  |  | 302.0 |  |  | 400.0 |  |  | 284.0 |
Senior Notes due 2029 – 4.500% |  | Level 2 |  | 450.0 |  |  | 389.3 |  |  | 450.0 |  |  | 365.1 |  |  | 450.0 |  |  | 325.7 |
Senior Notes due 2026 – 5.250% |  | Level 2 |  | 250.0 |  |  | 236.9 |  |  | 250.0 |  |  | 232.5 |  |  | 250.0 |  |  | 230.0 |
Receivables facility |  | Level 2 |  | 398.0 |  |  | 398.0 |  |  | 250.0 |  |  | 250.0 |  |  | 75.0 |  |  | 75.0 |
Other debt |  | Level 2 |  | 0.8 |  |  | 0.8 |  |  | 15.9 |  |  | 15.9 |  |  | 12.7 |  |  | 12.7 |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation | 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 |  | Nine Months Ended
| July 1, 2023 |  | July 2, 2022 |  | July 1, 2023 |  | July 2, 2022
Fair value at beginning of period | $ | 84.8 |  |  | $ | 192.4 |  |  | $ | 117.0 |  |  | $ | 190.3 |
Purchases | — |  | 25.0 |  | — |  | 25.0
Total realized / unrealized gains included in net earnings | 1.1 |  |  | 0.9 |  |  | 3.0 |  |  | 2.7 |
Total realized / unrealized gains (losses) included in OCI | 0.6 |  |  | (79.2) |  |  | (33.5) |  | (78.9) |
Fair value at end of period | $ | 86.5 |  |  | $ | 139.1 |  |  | $ | 86.5 |  |  | $ | 139.1 |

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- Definition Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c) -SubTopic 10 -Topic 820 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-3 + Details
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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 -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 + Details
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