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EQUITY (Tables)

6 Months Ended

Mar. 30, 2024

Equity [Abstract]

Summary of Changes in Equity (Deficit)

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)
Net income (loss)			—						157.5						—						—																		157.5
Other comprehensive income (loss)			—						—						—						3.0																		3.0
Share-based compensation			12.4						—						—						—																		12.4
Dividends declared ($0.66 per share)			—						(38.1)						—						—																		(38.1)
Treasury share purchases			—						—						(1.7)						—																		(1.7)
Treasury share issuances			(8.3)						—						9.6						—																		1.3
Balance at March 30, 2024			$	353.7					$	491.8					$	(977.8)					$	(118.6)																	$	(250.9)

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
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

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 December 30, 2023						$	(18.8)					$	10.4					$	(39.5)					$	(73.8)					$	(121.7)
Other comprehensive income (loss) before reclassifications						(2.6)						8.2						(0.6)						—						5.0
Amounts reclassified from accumulated other comprehensive net income (loss)						—						(1.2)						—						1.6						0.4
Income tax benefit (expense)						—						(1.8)						—						(0.6)						(2.4)
Net current period other comprehensive income (loss)						(2.6)						5.2						(0.6)						1.0						3.0
Balance at March 30, 2024						$	(21.4)					$	15.7					$	(40.1)					$	(72.9)					$	(118.6)
Balance at December 31, 2022						$	(21.7)					$	24.8					$	(100.2)					$	(72.2)					$	(169.3)
Other comprehensive income (loss) before reclassifications						1.1						(6.4)						(7.3)						—						(12.6)
Amounts reclassified from accumulated other comprehensive net income (loss)						—						(11.0)						—						(0.4)						(11.4)
Income tax benefit (expense)						—						4.4						1.7						0.1						6.2
Net current period other comprehensive income (loss)						1.1						(13.0)						(5.6)						(0.3)						(17.8)
Balance at April 1, 2023						$	(20.7)					$	11.8					$	(105.7)					$	(72.6)					$	(187.1)

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

						Six 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						0.5						(2.8)						(1.5)						—						(3.8)
Amounts reclassified from accumulated other comprehensive net income (loss)						—						(3.2)						—						(0.5)						(3.7)
Income tax benefit (expense)						—						1.5						—						0.1						1.6
Net current period other comprehensive income (loss)						0.5						(4.5)						(1.5)						(0.4)						(5.9)
Balance at March 30, 2024						$	(21.4)					$	15.7					$	(40.1)					$	(72.9)					$	(118.6)
Balance at September 30, 2022						$	(28.9)					$	33.3					$	(79.7)					$	(69.3)					$	(144.6)
Other comprehensive income (loss) before reclassifications						8.3						(12.9)						(34.1)						—						(38.7)
Amounts reclassified from accumulated other comprehensive net income (loss)						—						(16.0)						—						(4.3)						(20.3)
Income tax benefit (expense)						—						7.4						8.1						1.1						16.6
Net current period other comprehensive income (loss)						8.3						(21.5)						(26.0)						(3.2)						(42.4)
Balance at April 1, 2023						$	(20.7)					$	11.8					$	(105.7)					$	(72.6)					$	(187.1)

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												Six Months Ended
			March 30, 2024						April 1, 2023						March 30, 2024						April 1, 2023
Share-based compensation			$	28.1					$	37.2					$	44.1					$	57.9
Related tax benefit recognized			4.6						6.1						7.2						10.8

Disclosure of Share-Based Compensation Arrangements by Share-Based Payment Award

The risk-free rate was based on the U.S. Treasury yield curve in effect at the time of grant. Details of the assumptions used in the Monte Carlo simulation model are as follows:

Expected volatility			36.6		%
Risk-free interest rate			4.5		%

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			232,801						74.95
Vested (a)			(181,791)						59.88
Forfeited			(185,740)						64.66
Awards outstanding at March 30, 2024			410,060						87.03

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

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