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LEASES (Tables)

9 Months Ended

Jun. 28, 2025

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 Location	June 28, 2025		June 29, 2024		September 30, 2024

Operating leases:
Right-of-use assets	Other assets	$	264.1	$	276.8	$	265.4

Current lease liabilities	Other current liabilities	73.1		73.9		75.3
Non-current lease liabilities	Other liabilities	209.7		228.1		215.8
Total operating lease liabilities		$	282.8	$	302.0	$	291.1

Finance leases:
Right-of-use assets	Property, plant and equipment, net	$	12.3	$	17.1	$	15.2

Current lease liabilities	Current portion of debt	2.1		2.9		2.6
Non-current lease liabilities	Long-term debt	13.0		16.8		15.2
Total finance lease liabilities		$	15.1	$	19.7	$	17.8

Weighted-average remaining lease term and discount rate for the Company’s leases were as follows:


	June 28, 2025		June 29, 2024		September 30, 2024
Weighted-average remaining lease term (in years):
Operating leases	5.0		5.3		5.2
Finance leases	8.0		8.0		8.1

Weighted-average discount rate:
Operating leases	6.9	%	5.9	%	5.9	%
Finance leases	4.6	%	4.8	%	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 Ended				Nine Months Ended
	June 28, 2025		June 29, 2024		June 28, 2025		June 29, 2024

Operating lease cost (a)	$	21.9	$	21.5	$	64.5	$	63.8
Variable lease cost	7.2		7.6		20.8		23.4


Finance lease cost
Amortization of right-of-use assets	0.6		0.6		2.0		1.8
Interest on lease liabilities	0.2		0.2		0.6		0.6
Total finance lease cost	$	0.8	$	0.8	$	2.6	$	2.4

(a)Operating lease cost includes amortization of right-of-use assets of $17.5 and $51.9 for the three and nine months ended June 28, 2025, respectively, and $17.5 and $52.2 for the three and nine months ended June 29, 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:


	Nine Months Ended
		June 28, 2025		June 29, 2024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases, net		$	72.2	$	74.5
Operating cash flows from finance leases		0.6		0.6
Financing cash flows from finance leases		1.8		1.6

Right-of-use assets obtained in exchange for lease obligations:
Operating leases		$	50.7	$	65.2
Finance leases		0.4		4.5

Maturities of Operating Lease Liabilities by Fiscal Year Schedule

Maturities of lease liabilities by fiscal year for the Company’s leases as of June 28, 2025 were as follows:


Year	Operating Leases		Finance Leases
2025 (remainder of the year)	$	23.8	$	0.7
2026	85.3		2.6
2027	63.1		2.4
2028	53.1		2.0
2029	38.6		1.7
Thereafter	70.4		8.6
Total lease payments	334.3		18.0
Less: Imputed interest	(51.5)		(2.9)
Total lease liabilities	$	282.8	$	15.1

Maturities of Finance Lease Liabilities by Fiscal Year Schedule

Maturities of lease liabilities by fiscal year for the Company’s leases as of June 28, 2025 were as follows:


Year	Operating Leases		Finance Leases
2025 (remainder of the year)	$	23.8	$	0.7
2026	85.3		2.6
2027	63.1		2.4
2028	53.1		2.0
2029	38.6		1.7
Thereafter	70.4		8.6
Total lease payments	334.3		18.0
Less: Imputed interest	(51.5)		(2.9)
Total lease liabilities	$	282.8	$	15.1