XML 25 R13.htm IDEA: XBRL DOCUMENT v3.25.2
EQUITY
9 Months Ended
Jun. 28, 2025
Equity [Abstract]  
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 compensation31.4 — — — 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, 2024349.1 195.8 (919.6)(104.8)(479.5)
Net income (loss)— 217.5 — — 217.5 
Other comprehensive income (loss)— — — (4.0)(4.0)
Share-based compensation8.7 — — — 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, 2025343.4 373.7 (898.4)(108.8)(290.1)
Net income (loss)— 149.1 — — 149.1 
Other comprehensive income (loss)— — — 1.2 1.2 
Share-based compensation5.3 — — — 5.3 
Dividends declared ($0.66 per share)
— (37.5)— — (37.5)
Treasury share issuances(1.4)— 2.5 — 1.1 
Balance at June 28, 2025$347.3 $485.2 $(895.9)$(107.5)$(170.9)
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 compensation11.7 — — — 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, 2023349.6 372.4 (985.7)(121.7)(385.4)
Net income (loss)— 157.5 — — 157.5 
Other comprehensive income (loss)— — — 3.0 3.0 
Share-based compensation12.4 — — — 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, 2024353.7 491.8 (977.8)(118.6)(250.9)
Net income (loss)— 132.1 — — 132.1 
Other comprehensive income (loss)— — — 1.8 1.8 
Share-based compensation8.3 — — — 8.3 
Dividends declared ($0.66 per share)
— (38.1)— — (38.1)
Treasury share purchases— — (0.2)— (0.2)
Treasury share issuances(1.4)— 2.2 — 0.8 
Balance at June 29, 2024$360.6 $585.8 $(975.7)$(116.9)$(146.2)
The sum of the components may not equal due to rounding.
Accumulated Other Comprehensive Loss
Changes in accumulated other comprehensive loss (“AOCL”) by component were as follows for each of the periods indicated:
Three Months Ended
Foreign Currency
Translation Adjustments
Net Unrealized Gain (Loss)
On Derivative Instruments
Net Unrealized Gain (Loss)
On Securities
Pension and Other Post-Retirement
Benefit Adjustments
Accumulated Other
Comprehensive Income (Loss)
Balance at March 29, 2025$(26.1)$5.3 $(14.4)$(73.6)$(108.8)
Other comprehensive income (loss) before reclassifications6.2 0.1 (0.6)— 5.7 
Amounts reclassified from accumulated other comprehensive net income (loss)— (2.0)— (6.0)(8.0)
Income tax benefit (expense)— 0.5 — 3.0 3.5 
Net current period other comprehensive income (loss)6.2 (1.4)(0.6)(3.0)1.2 
Balance at June 28, 2025$(19.9)$3.9 $(15.0)$(76.5)$(107.5)
Balance at March 30, 2024$(21.4)$15.7 $(40.1)$(72.9)$(118.6)
Other comprehensive income (loss) before reclassifications(1.3)1.6 5.1 — 5.4 
Amounts reclassified from accumulated other comprehensive net income (loss)— (5.1)— 0.8 (4.3)
Income tax benefit (expense)— 0.9 — (0.2)0.7 
Net current period other comprehensive income (loss)(1.3)(2.6)5.1 0.6 1.8 
Balance at June 29, 2024$(22.6)$13.1 $(35.0)$(72.3)$(116.9)
The sum of the components may not equal due to rounding.
Nine Months Ended
Foreign Currency
Translation Adjustments
Net Unrealized Gain (Loss)
On Derivative Instruments
Net Unrealized Gain (Loss)
On Securities
Pension and Other Post-Retirement
Benefit Adjustments
Accumulated Other
Comprehensive Income (Loss)
Balance at September 30, 2024$(21.3)$4.9 $(14.4)$(76.5)$(107.3)
Other comprehensive income (loss) before reclassifications1.3 5.9 (0.6)— 6.6 
Amounts reclassified from accumulated other comprehensive net income (loss)— (7.1)— (0.6)(7.7)
Income tax benefit (expense)— 0.3 — 0.6 0.9 
Net current period other comprehensive income (loss)1.3 (0.9)(0.6)— (0.2)
Balance at June 28, 2025$(19.9)$3.9 $(15.0)$(76.5)$(107.5)
Balance at September 30, 2023$(21.9)$20.1 $(38.6)$(72.4)$(112.8)
Other comprehensive income (loss) before reclassifications(0.8)(1.2)3.6 — 1.6 
Amounts reclassified from accumulated other comprehensive net income (loss)— (8.3)— 0.3 (8.0)
Income tax benefit (expense)— 2.4 — (0.1)2.3 
Net current period other comprehensive income (loss)(0.8)(7.1)3.6 0.2 (4.1)
Balance at June 29, 2024$(22.6)$13.1 $(35.0)$(72.3)$(116.9)
The sum of the components may not equal due to rounding.
Share-Based Awards
Total share-based compensation was as follows for each of the periods indicated:
Three Months EndedNine Months Ended
June 28,
2025
June 29,
2024
June 28,
2025
June 29,
2024
Share-based compensation$17.4 $21.0 $57.4 $65.0 
Related tax benefit recognized3.7 4.5 10.5 11.7 
Restricted share-based awards
For fiscal 2025, the Company is granting short-term equity incentive compensation awards to certain associates in the form of restricted share-based award units in lieu of cash-based annual incentive awards. The program is structured so the fiscal 2025 incentive grant, if any, will be made on or near the incentive payout date, subject to certain performance conditions and a service requirement. The number of restricted share-based award units that are ultimately issued to participating associates will be determined based on the incentive payout amount determined for each associate converted into a variable number of restricted share-based award units based on the fair value of the Common Shares on the grant date. The awards are classified as liability awards and, as of June 28, 2025, the Company had accrued $14.8 in the “Other current liabilities” line in the Condensed Consolidated Balance Sheets associated with these awards. As of June 28, 2025, there was $5.5 of total unrecognized pre-tax compensation cost related to these nonvested restricted share-based awards that is expected to be recognized over the remainder of fiscal 2025.