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EQUITY (Tables)

6 Months Ended

Mar. 29, 2025

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, 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)
Net income (loss)			—						217.5						—						—																		217.5
Other comprehensive income (loss)			—						—						—						(4.0)																		(4.0)
Share-based compensation			8.7						—						—						—																		8.7
Dividends declared ($0.66 per share)			—						(39.6)						—						—																		(39.6)
Treasury share purchases			—						—						(2.7)						—																		(2.7)
Treasury share issuances			(14.5)						—						23.9						—																		9.4
Balance at March 29, 2025			$	343.4					$	373.7					$	(898.4)					$	(108.8)																	$	(290.1)

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)
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.

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 December 28, 2024						$	(27.1)					$	8.9					$	(14.4)					$	(72.2)					$	(104.8)
Other comprehensive income (loss) before reclassifications						1.0						(1.9)						—						—						(0.9)
Amounts reclassified from accumulated other comprehensive net income (loss)						—						(3.0)						—						(2.7)						(5.7)
Income tax benefit (expense)						—						1.3						—						1.3						2.6
Net current period other comprehensive income (loss)						1.0						(3.6)						—						(1.4)						(4.0)
Balance at March 29, 2025						$	(26.1)					$	5.3					$	(14.4)					$	(73.6)					$	(108.8)
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)

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 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						(4.9)						5.8						—						—						0.9
Amounts reclassified from accumulated other comprehensive net income (loss)						—						(5.1)						—						5.4						0.3
Income tax benefit (expense)						—						(0.2)						—						(2.5)						(2.7)
Net current period other comprehensive income (loss)						(4.9)						0.5						—						2.9						(1.5)
Balance at March 29, 2025						$	(26.1)					$	5.3					$	(14.4)					$	(73.6)					$	(108.8)
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)

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 29, 2025						March 30, 2024						March 29, 2025						March 30, 2024
Share-based compensation			$	22.6					$	28.1					$	40.0					$	44.1
Related tax benefit recognized			4.2						4.6						6.8						7.2

Schedule of Aggregate Stock Option 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			475,464						72.41
Exercised			(153,383)						59.67
Forfeited			(156,084)						65.98
Awards outstanding at March 29, 2025			2,543,669						66.71						7.8 years						$	5.5
Exercisable			476,500						110.49						4.6 years						0.2

Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions

The weighted average assumptions used in the estimation of fair value for awards granted during the six months ended March 29, 2025 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			317,412						74.21
Vested			(646,196)						74.72
Forfeited			(12,323)						71.13
Awards outstanding at March 29, 2025			425,277						63.31

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
Granted			142,163						72.01
Forfeited			(107,919)						114.25
Awards outstanding at March 29, 2025			443,674						75.63

Schedule of Performance-based Award Assumptions

During the three months ended March 29, 2025, the Company granted performance-based award units with a three year vesting period that include a performance target based on the Company’s absolute total shareholder return, among other financial targets. Details of the assumptions used in the estimation of fair value for these awards are as follows:

Expected volatility			38.6		%
Risk-free interest rate			4.2		%

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