XML 48 R32.htm IDEA: XBRL DOCUMENT v3.25.1
LEASES (Tables)
6 Months Ended
Mar. 29, 2025
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 LocationMarch 29,
2025
March 30,
2024
September 30,
2024
Operating leases:
Right-of-use assetsOther assets$260.9 $273.1 $265.4 
Current lease liabilitiesOther current liabilities75.0 75.9 75.3 
Non-current lease liabilitiesOther liabilities206.6 223.7 215.8 
Total operating lease liabilities$281.6 $299.6 $291.1 
Finance leases:
Right-of-use assetsProperty, plant and equipment, net$12.9 $15.0 $15.2 
Current lease liabilitiesCurrent portion of debt2.1 2.3 2.6 
Non-current lease liabilitiesLong-term debt13.5 15.2 15.2 
Total finance lease liabilities$15.6 $17.5 $17.8 
Weighted-average remaining lease term and discount rate for the Company’s leases were as follows:
March 29,
2025
March 30,
2024
September 30,
2024
Weighted-average remaining lease term (in years):
Operating leases 5.15.45.2
Finance leases8.18.78.1
Weighted-average discount rate:
Operating leases6.7 %5.6 %5.9 %
Finance leases4.6 %4.6 %4.7 %
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 EndedSix Months Ended
March 29,
2025
March 30,
2024
March 29,
2025
March 30,
2024
Operating lease cost (a)
$21.2 $20.3 $42.6 $42.3 
Variable lease cost7.7 9.2 13.6 15.8 
Finance lease cost
Amortization of right-of-use assets0.6 0.6 1.3 1.2 
Interest on lease liabilities0.2 0.2 0.4 0.4 
Total finance lease cost$0.8 $0.8 $1.7 $1.6 
(a)Operating lease cost includes amortization of right-of-use assets of $17.1 and $34.3 for the three and six months ended March 29, 2025, respectively, and $16.5 and $34.7 for the three and six months ended March 30, 2024, 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 29,
2025
March 30,
2024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases, net$47.7 $49.3 
Operating cash flows from finance leases0.4 0.4 
Financing cash flows from finance leases1.2 1.0 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases$30.8 $41.6 
Finance leases0.4 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 29, 2025 were as follows:
YearOperating LeasesFinance Leases
2025 (remainder of the year)$47.0 $1.5 
202680.8 2.6 
202756.1 2.4 
202846.3 2.0 
202933.7 1.7 
Thereafter69.1 8.6 
Total lease payments333.0 18.8 
Less: Imputed interest(51.4)(3.2)
Total lease liabilities$281.6 $15.6 
Maturities of Finance Lease Liabilities by Fiscal Year Schedule
Maturities of lease liabilities by fiscal year for the Company’s leases as of March 29, 2025 were as follows:
YearOperating LeasesFinance Leases
2025 (remainder of the year)$47.0 $1.5 
202680.8 2.6 
202756.1 2.4 
202846.3 2.0 
202933.7 1.7 
Thereafter69.1 8.6 
Total lease payments333.0 18.8 
Less: Imputed interest(51.4)(3.2)
Total lease liabilities$281.6 $15.6