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EQUITY (Tables)

3 Months Ended

Dec. 28, 2024

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, 2024			$	362.0					$	303.8					$	(949.1)					$	(107.3)																	$	(390.6)
Net income (loss)			—						(69.5)						—						—																		(69.5)
Other comprehensive income (loss)			—						—						—						2.5																		2.5
Share-based compensation			31.4						—						—						—																		31.4
Dividends declared ($0.66 per share)			—						(38.5)						—						—																		(38.5)
Treasury share purchases			—						—						(15.6)						—																		(15.6)
Treasury share issuances			(44.3)						—						45.1						—																		0.8
Balance at December 28, 2024			$	349.1					$	195.8					$	(919.6)					$	(104.8)																	$	(479.5)

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, 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.

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 Loss On Securities						Pension and Other Post-Retirement Benefit Adjustments						Accumulated Other Comprehensive Income (Loss)
Balance at September 30, 2024						$	(21.3)					$	4.9					$	(14.4)					$	(76.5)					$	(107.3)
Other comprehensive income (loss) before reclassifications						(5.8)						7.7						—						—						1.9
Amounts reclassified from accumulated other comprehensive net income (loss)						—						(2.3)						—						5.8						3.5
Income tax benefit (expense)						—						(1.4)						—						(1.5)						(2.9)
Net current period other comprehensive income (loss)						(5.8)						4.0						—						4.3						2.5
Balance at December 28, 2024						$	(27.1)					$	8.9					$	(14.4)					$	(72.2)					$	(104.8)
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)

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 28, 2024						December 30, 2023
Share-based compensation			$	17.3					$	16.0
Related tax benefit recognized			2.6						2.6

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, 2024			2,377,672						$	65.03					7.5 years
Granted			419,885						72.60
Exercised			(4,570)						61.31
Forfeited			(139,881)						65.31
Awards outstanding at December 28, 2024			2,653,106						66.25						7.6 years						$	25.4
Exercisable			548,227						104.43						3.0 years						2.0

Schedule of Weighted Average Assumptions for Stock Options

The weighted average assumptions used in the estimation of fair value for awards granted during the three months ended December 28, 2024 are as follows:

Expected volatility			39.6		%
Risk-free interest rate			4.2		%
Expected dividend yield			3.3		%
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, 2024			766,384						$	68.54
Granted			281,950						75.36
Vested			(521,023)						63.62
Forfeited			(10,741)						68.38
Awards outstanding at December 28, 2024			516,570						77.23

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, 2024			409,430						$	86.61
Forfeited			(101,680)						117.78
Awards outstanding at December 28, 2024			307,750						76.96

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