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DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)
3 Months Ended
Dec. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Summary of Outstanding Derivative Contracts
The Company had the following outstanding commodity contracts that were entered into to hedge forecasted purchases:
CommodityDecember 30,
2023
December 31,
2022
September 30,
2023
Urea18,000 tons27,000 tons52,500 tons
Diesel2,226,000 gallons2,058,000 gallons1,974,000 gallons
Heating Oil1,008,000 gallons1,092,000 gallons966,000 gallons
Schedule of the Fair Values of Derivative Instruments
The fair values of the Company’s derivative instruments, which represent Level 2 fair value measurements, were as follows:
  Assets / (Liabilities)
Derivatives Designated as Hedging InstrumentsBalance Sheet LocationDecember 30,
2023
December 31,
2022
September 30,
2023
Interest rate swap agreementsPrepaid and other current assets$14.4 $14.2 $16.7 
Other assets7.1 16.1 14.7 
Other liabilities(2.0)— — 
Commodity hedging instrumentsPrepaid and other current assets— 0.3 2.3 
Other current liabilities(0.4)(2.4)— 
Total derivatives designated as hedging instruments$19.1 $28.2 $33.7 
Derivatives Not Designated as Hedging Instruments Balance Sheet Location   
Currency forward contractsPrepaid and other current assets$— $0.6 $5.6 
Other current liabilities(2.8)(0.8)— 
Commodity hedging instrumentsPrepaid and other current assets— 0.7 0.9 
Other current liabilities(0.3)— — 
Total derivatives not designated as hedging instruments(3.1)0.5 6.5 
Total derivatives$16.0 $28.7 $40.2 
Schedule of the Effect of Derivative Instruments on AOCI and Statements of Operations
The effect of derivative instruments on AOCL, net of tax, and the Condensed Consolidated Statements of Operations for each of the periods presented was as follows:
Derivatives in Cash Flow Hedging RelationshipsAmount of Gain / (Loss)
Recognized in AOCL
Three Months Ended
December 30,
2023
December 31,
2022
Interest rate swap agreements$(6.4)$0.5 
Commodity hedging instruments(1.8)(5.3)
Total$(8.2)$(4.8)
Derivatives in Cash Flow Hedging RelationshipsReclassified from
AOCL into
Statement of Operations
Amount of Gain / (Loss)
Three Months Ended
December 30,
2023
December 31,
2022
Interest rate swap agreementsInterest expense$2.6 $1.4 
Commodity hedging instrumentsCost of sales(1.1)2.3 
Total$1.5 $3.7 
Derivatives Not Designated as Hedging InstrumentsRecognized in
Statement of Operations
Amount of Gain / (Loss)
Three Months Ended
December 30,
2023
December 31,
2022
Currency forward contractsOther income / expense, net$(4.8)$(11.3)
Commodity hedging instrumentsCost of sales(1.3)1.5 
Total$(6.1)$(9.8)