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EQUITY (Tables)

9 Months Ended

Jul. 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
Net income (loss)			—						43.7						—						—																		43.7
Other comprehensive income (loss)			—						—						—						6.6																		6.6
Share-based compensation			(5.8)						—						—						—																		(5.8)
Dividends declared ($0.66 per share)			—						(37.2)						—						—																		(37.2)
Treasury share purchases			—						—						(2.8)						—																		(2.8)
Treasury share issuances			(18.0)						—						10.8						—																		(7.2)
Balance at July 1, 2023			$	350.5					$	996.8					$	(1,032.0)					$	(180.5)																	$	134.8

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
Net income (loss)			—						(443.9)						—						—																		(443.9)
Other comprehensive income (loss)			—						—						—						(76.3)																		(76.3)
Share-based compensation			1.6						—						—						—																		1.6
Dividends declared ($0.66 per share)			—						(38.0)						—						—																		(38.0)
Treasury share purchases			—						—						(0.1)						—																		(0.1)
Treasury share issuances			(1.4)						—						1.2						—																		(0.2)
Balance at July 2, 2022			$	362.0					$	1,276.9					$	(1,096.1)					$	(124.7)																	$	418.1

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 April 1, 2023						$	(20.7)					$	11.8					$	(105.7)					$	(72.6)					$	(187.1)
Other comprehensive income (loss) before reclassifications						2.7						9.7						0.6						—						13.0
Amounts reclassified from accumulated other comprehensive net income (loss)						—						(4.3)						—						(0.8)						(5.1)
Income tax benefit (expense)						—						(1.4)						(0.1)						0.2						(1.3)
Net current period other comprehensive income (loss)						2.7						4.0						0.5						(0.6)						6.6
Balance at July 1, 2023						$	(18.0)					$	15.8					$	(105.2)					$	(73.2)					$	(180.5)
Balance at April 2, 2022						$	(7.3)					$	31.5					$	(2.1)					$	(70.5)					$	(48.4)
Other comprehensive income (loss) before reclassifications						(12.3)						(12.2)						(79.2)						—						(103.7)
Amounts reclassified from accumulated other comprehensive net income (loss)						—						1.9						—						4.9						6.8
Income tax benefit (expense)						—						2.7						19.2						(1.3)						20.6
Net current period other comprehensive income (loss)						(12.3)						(7.6)						(60.0)						3.6						(76.3)
Balance at July 2, 2022						$	(19.6)					$	23.9					$	(62.1)					$	(67.0)					$	(124.7)

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

						Nine 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						10.9						(3.2)						(33.5)						—						(25.8)
Amounts reclassified from accumulated other comprehensive net income (loss)						—						(20.3)						—						(5.1)						(25.4)
Income tax benefit (expense)						—						5.9						8.0						1.3						15.2
Net current period other comprehensive income (loss)						10.9						(17.5)						(25.5)						(3.8)						(35.9)
Balance at July 1, 2023						$	(18.0)					$	15.8					$	(105.2)					$	(73.2)					$	(180.5)
Balance at September 30, 2021						$	(1.7)					$	10.2					$	(2.3)					$	(72.5)					$	(66.4)
Other comprehensive income (loss) before reclassifications						(17.9)						22.7						(78.9)						—						(74.1)
Amounts reclassified from accumulated other comprehensive net income (loss)						—						(4.1)						—						7.6						3.5
Income tax benefit (expense)						—						(4.8)						19.1						(2.0)						12.3
Net current period other comprehensive income (loss)						(17.9)						13.8						(59.8)						5.6						(58.3)
Balance at July 2, 2022						$	(19.6)					$	23.9					$	(62.1)					$	(67.0)					$	(124.7)

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												Nine Months Ended
			July 1, 2023						July 2, 2022						July 1, 2023						July 2, 2022
Share-based compensation			$	(5.8)					$	1.6					$	52.2					$	24.8
Related tax benefit recognized			0.6						0.3						11.4						3.8

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