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FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Dec. 28, 2024

Fair Value Disclosures [Abstract]

Fair Value Measurements, Recurring Basis

The following table summarizes the fair value of the Company’s assets and liabilities for which disclosure of fair value is required:

 

						Fair Value Hierarchy Level						December 28, 2024												December 30, 2023												September 30, 2024
												Carrying Amount						Estimated Fair Value						Carrying Amount						Estimated Fair Value						Carrying Amount						Estimated Fair Value
Assets
Cash equivalents						Level 1						$	0.9					$	0.9					$	1.5					$	1.5					$	51.2					$	51.2
Other
Investment securities in non-qualified retirement plan assets						Level 1						32.7						32.7						40.1						40.1						32.4						32.4
Convertible debt investments						Level 3						28.1						28.1						85.0						85.0						45.8						45.8
Liabilities
Debt instruments
Credit facilities – revolving loans						Level 2						475.6						475.6						511.2						511.2						—						—
Credit facilities – term loans						Level 2						612.5						612.5						912.5						912.5						625.0						625.0
Senior Notes due 2031 – 4.000%						Level 2						500.0						435.0						500.0						425.0						500.0						456.3
Senior Notes due 2032 – 4.375%						Level 2						400.0						348.0						400.0						339.0						400.0						370.0
Senior Notes due 2029 – 4.500%						Level 2						450.0						414.0						450.0						401.6						450.0						432.0
Senior Notes due 2026 – 5.250%						Level 2						250.0						245.0						250.0						242.2						250.0						248.8
Other debt						Level 2						2.3						2.3						2.5						2.5						—						—

Changes in the balance of Level 3 convertible debt investments carried at fair value are presented below. There were no transfers into or out of Level 3.

			Three Months Ended
			December 28, 2024						December 30, 2023
Fair value at beginning of period			$	45.8					$	85.8
Total realized / unrealized gains (losses) included in net earnings			(7.0)						0.1
Total realized / unrealized losses included in OCI			—						(0.9)
Exchange for non-voting exchangeable shares of Cansortium			(10.7)						—
Fair value at end of period			$	28.1					$	85.0

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- References

No definition available.

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- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

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