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LEASES (Tables)

6 Months Ended

Mar. 30, 2024

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 Location						March 30, 2024						April 1, 2023						September 30, 2023
Operating leases:
Right-of-use assets			Other assets						$	273.1					$	255.9					$	262.6
Current lease liabilities			Other current liabilities						75.9						77.4						76.4
Non-current lease liabilities			Other liabilities						223.7						203.2						220.1
Total operating lease liabilities									$	299.6					$	280.6					$	296.5
Finance leases:
Right-of-use assets			Property, plant and equipment, net						$	15.0					$	15.7					$	14.5
Current lease liabilities			Current portion of debt						2.3						1.9						1.9
Non-current lease liabilities			Long-term debt						15.2						16.0						15.0
Total finance lease liabilities									$	17.5					$	17.9					$	16.9

Weighted-average remaining lease term and discount rate for the Company’s leases were as follows:

			March 30, 2024						April 1, 2023						September 30, 2023
Weighted-average remaining lease term (in years):
Operating leases			5.4						4.8						5.4
Finance leases			8.7						9.8						9.5
Weighted-average discount rate:
Operating leases			5.6		%				4.0		%				5.2		%
Finance leases			4.6		%				4.4		%				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												Six Months Ended
			March 30, 2024						April 1, 2023						March 30, 2024						April 1, 2023
Operating lease cost (a)			$	20.3					$	23.9					$	42.3					$	46.1
Variable lease cost			9.2						7.1						15.8						13.6
Finance lease cost
Amortization of right-of-use assets			0.6						0.6						1.2						2.0
Interest on lease liabilities			0.2						0.1						0.4						0.4
Total finance lease cost			$	0.8					$	0.7					$	1.6					$	2.4

(a)Operating lease cost includes amortization of right-of-use assets of $16.5 and $34.7 for the three and six months ended March 30, 2024, respectively, and $23.8 and $42.8 for the three and six months ended April 1, 2023, 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:

									Six Months Ended
															March 30, 2024						April 1, 2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases, net															$	49.3					$	46.3
Operating cash flows from finance leases															0.4						0.4
Financing cash flows from finance leases															1.0						1.8
Right-of-use assets obtained in exchange for lease obligations:
Operating leases															$	41.6					$	32.5
Finance leases															1.7						—

Maturities of Operating Lease Liabilities by Fiscal Year Schedule

Maturities of lease liabilities by fiscal year for the Company’s leases as of March 30, 2024 were as follows:

Year						Operating Leases						Finance Leases
2024 (remainder of the year)						$	47.8					$	1.5
2025						82.8						3.0
2026						64.8						2.6
2027						40.8						2.2
2028						31.2						1.9
Thereafter						82.1						10.2
Total lease payments						349.5						21.4
Less: Imputed interest						(49.9)						(3.9)
Total lease liabilities						$	299.6					$	17.5

Maturities of Finance Lease Liabilities by Fiscal Year Schedule

Maturities of lease liabilities by fiscal year for the Company’s leases as of March 30, 2024 were as follows:

Year						Operating Leases						Finance Leases
2024 (remainder of the year)						$	47.8					$	1.5
2025						82.8						3.0
2026						64.8						2.6
2027						40.8						2.2
2028						31.2						1.9
Thereafter						82.1						10.2
Total lease payments						349.5						21.4
Less: Imputed interest						(49.9)						(3.9)
Total lease liabilities						$	299.6					$	17.5

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Assets And Liabilities, Lessee [Table Text Block]

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- Definition

Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147478964/842-20-50-6

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- Definition

Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147478964/842-20-50-4

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Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147478964/842-20-50-6

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