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EQUITY (Tables)

3 Months Ended

Dec. 30, 2023

Equity [Abstract]

Summary of Changes in Equity

The following tables provide a summary of the changes in equity (deficit) 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 (Deficit)
Balance at September 30, 2023			$	353.1					$	490.9					$	(998.5)					$	(112.8)																	$	(267.3)
Net income (loss)			—						(80.5)						—						—																		(80.5)
Other comprehensive income (loss)			—						—						—						(8.9)																		(8.9)
Share-based compensation			11.7						—						—						—																		11.7
Dividends declared ($0.66 per share)			—						(38.0)						—						—																		(38.0)
Treasury share purchases			—						—						(3.1)						—																		(3.1)
Treasury share issuances			(15.2)						—						15.9						—																		0.7
Balance at December 30, 2023			$	349.6					$	372.4					$	(985.7)					$	(121.7)																	$	(385.4)

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 (Deficit)
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

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 September 30, 2023						$	(21.9)					$	20.1					$	(38.6)					$	(72.4)					$	(112.8)
Other comprehensive income (loss) before reclassifications						3.1						(11.0)						(0.9)						—						(8.8)
Amounts reclassified from accumulated other comprehensive net income (loss)						—						(2.0)						—						(2.1)						(4.1)
Income tax benefit (expense)						—						3.3						—						0.7						4.0
Net current period other comprehensive income (loss)						3.1						(9.7)						(0.9)						(1.4)						(8.9)
Balance at December 30, 2023						$	(18.8)					$	10.4					$	(39.5)					$	(73.8)					$	(121.7)
Balance at September 30, 2022						$	(28.9)					$	33.3					$	(79.7)					$	(69.3)					$	(144.6)
Other comprehensive income (loss) before reclassifications						7.2						(6.4)						(26.8)						—						(26.0)
Amounts reclassified from accumulated other comprehensive net income (loss)						—						(5.0)						—						(3.9)						(8.9)
Income tax benefit (expense)						—						2.9						6.4						1.0						10.3
Net current period other comprehensive income (loss)						7.2						(8.5)						(20.4)						(2.9)						(24.6)
Balance at December 31, 2022						$	(21.7)					$	24.8					$	(100.2)					$	(72.2)					$	(169.3)

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
			December 30, 2023						December 31, 2022
Share-based compensation			$	16.0					$	20.9
Related tax benefit recognized			2.6						4.7

Share-Based Payment Arrangement, Stock Appreciation Right, Activity

Stock option activity was as follows:

			No. of Options						Wtd. Avg. Exercise Price						Wtd. Avg. Remaining Life						Aggregate Intrinsic Value
Awards outstanding at September 30, 2023			1,191,183						$	76.64					6.6 years
Granted			1,287,402						53.46
Forfeited			(18,381)						50.40
Awards outstanding at December 30, 2023			2,460,204						64.70						8.2 years						$	21.9
Exercisable			399,223						66.24						1.9 years						0.9

Schedule of Weighted Average Assumptions for Stock Options

The weighted average assumptions for awards granted in fiscal 2024 are as follows:

Expected volatility			38.8		%
Risk-free interest rate			4.7		%
Expected dividend yield			4.1		%
Expected life			6.1 years

Schedule of Restricted Share-based Award Activity

Restricted share-based award activity (including restricted stock units and deferred stock units) was as follows: 

			No. of Units						Wtd. Avg. Grant Date Fair Value per Unit
Awards outstanding at September 30, 2023			611,838						$	89.10
Granted			204,249						48.79
Vested			(11,620)						79.38
Forfeited			(18,362)						67.76
Awards outstanding at December 30, 2023			786,105						79.27

Schedule of Performance-based Award Activity

Performance-based award activity was as follows (based on target award amounts):

			No. of Units						Wtd. Avg. Grant Date Fair Value per Unit
Awards outstanding at September 30, 2023			544,790						$	76.85
Granted			11,146						44.86
Vested (a)			(181,791)						59.88
Forfeited			(184,799)						64.31
Awards outstanding at December 30, 2023			189,346						99.60

(a)     Vested at a weighted average of 100% of the target performance share units granted.

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