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LEASES (Tables)
3 Months Ended
Dec. 30, 2023
Leases [Abstract]  
Weighted-Average Remaining Lease Term and Discount Rate and Supplemental Balance Sheet Information Schedule
Supplemental balance sheet information related to the Company’s leases was as follows:
Balance Sheet LocationDecember 30,
2023
December 31,
2022
September 30,
2023
Operating leases:
Right-of-use assetsOther assets$282.6 $281.2 $262.6 
Current lease liabilitiesOther current liabilities77.2 76.5 76.4 
Non-current lease liabilitiesOther liabilities234.0 216.4 220.1 
Total operating lease liabilities$311.2 $292.9 $296.5 
Finance leases:
Right-of-use assetsProperty, plant and equipment, net$14.8 $16.4 $14.5 
Current lease liabilitiesCurrent portion of debt2.1 1.9 1.9 
Non-current lease liabilitiesLong-term debt15.2 16.6 15.0 
Total finance lease liabilities$17.3 $18.5 $16.9 
Weighted-average remaining lease term and discount rate for the Company’s leases were as follows:
December 30,
2023
December 31,
2022
Weighted-average remaining lease term (in years):
Operating leases 5.54.7
Finance leases9.19.9
Weighted-average discount rate:
Operating leases5.5 %3.6 %
Finance leases4.5 %4.4 %
Lease Cost Components and Supplemental Cash Flow Information and Non-Cash Activity For Company's Leases Schedules
Components of lease cost were as follows:
Three Months Ended
December 30,
2023
December 31,
2022
Operating lease cost (a)
$22.0 $22.2 
Variable lease cost6.6 6.5 
Finance lease cost
Amortization of right-of-use assets0.6 1.4 
Interest on lease liabilities0.2 0.3 
Total finance lease cost$0.8 $1.7 
(a)Operating lease cost includes amortization of right-of-use assets of $18.2 and $19.0 for the three months ended December 30, 2023 and December 31, 2022, respectively. Short-term lease expense is excluded from operating lease cost and is not material.
Supplemental cash flow information and non-cash activity related to the Company’s leases were as follows:
Three Months Ended
December 30,
2023
December 31,
2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases, net$24.3 $22.2 
Operating cash flows from finance leases0.2 0.3 
Financing cash flows from finance leases0.5 1.3 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases$33.5 $16.5 
Finance leases0.8 — 
Maturities of Operating Lease Liabilities by Fiscal Year Schedule
Maturities of lease liabilities by fiscal year for the Company’s leases as of December 30, 2023 were as follows:
YearOperating LeasesFinance Leases
2024 (remainder of the year)$71.0 $2.1 
202581.4 2.8 
202662.5 2.3 
202738.7 2.0 
202829.8 1.7 
Thereafter81.7 10.2 
Total lease payments365.1 21.1 
Less: Imputed interest(53.9)(3.8)
Total lease liabilities$311.2 $17.3 
Maturities of Finance Lease Liabilities by Fiscal Year Schedule
Maturities of lease liabilities by fiscal year for the Company’s leases as of December 30, 2023 were as follows:
YearOperating LeasesFinance Leases
2024 (remainder of the year)$71.0 $2.1 
202581.4 2.8 
202662.5 2.3 
202738.7 2.0 
202829.8 1.7 
Thereafter81.7 10.2 
Total lease payments365.1 21.1 
Less: Imputed interest(53.9)(3.8)
Total lease liabilities$311.2 $17.3