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ACCUMULATED OTHER COMPREHENSIVE INCOME (Tables) | 9 Months Ended
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Jul. 02, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Schedule of Accumulated Other Comprehensive Income | The change in the components of AOCI for the nine month period ended July 2, 2023, was as follows:
(in millions) |  | Foreign Currency Translation |  | Derivative Instruments |  | Defined Benefit Pension |  | Total
Balance at September 30, 2022 |  | $ | (285.9) |  |  | $ | 16.8 |  |  | $ | (34.0) |  |  | $ | (303.1) |
Other comprehensive income (loss) before reclassification |  | 26.6 |  |  | (25.4) |  |  | (2.3) |  |  | (1.1) |
Net reclassification for (gain) loss to income from continuing operations |  | — |  |  | (2.5) |  |  | 0.9 |  |  | (1.6) |
Other comprehensive income (loss) before tax |  | 26.6 |  |  | (27.9) |  |  | (1.4) |  |  | (2.7) |
Deferred tax effect |  | 8.8 |  |  | 7.2 |  |  | 1.2 |  |  | 17.2 |
Other comprehensive income (loss), net of tax |  | 35.4 |  |  | (20.7) |  |  | (0.2) |  |  | 14.5 |
Less: other comprehensive income from continuing operations attributable to non-controlling interest |  | 0.2 |  |  | — |  |  | — |  |  | 0.2 |
Less: other comprehensive income from discontinued operations attributable to non-controlling interest |  | 0.1 |  |  | — |  |  | — |  |  | 0.1 |
Other comprehensive income (loss) attributable to controlling interest |  | 35.1 |  |  | (20.7) |  |  | (0.2) |  |  | 14.2 |
Balance at January 1, 2023 |  | (250.8) |  |  | (3.9) |  |  | (34.2) |  |  | (288.9) |
Other comprehensive income (loss) before reclassification |  | 14.6 |  |  | (7.1) |  |  | 0.1 |  |  | 7.6 |
Net reclassification for loss (gain) to income from continuing operations |  | — |  |  | 4.9 |  |  | (0.7) |  |  | 4.2 |
Net reclassification for gain to income from discontinued operations |  | — |  |  | (0.1) |  |  | — |  |  | (0.1) |
Other comprehensive income (loss) before tax |  | 14.6 |  |  | (2.3) |  |  | (0.6) |  |  | 11.7 |
Deferred tax effect |  | 3.7 |  |  | 0.7 |  |  | 0.1 |  |  | 4.5 |
Other comprehensive income (loss), net of tax |  | 18.3 |  |  | (1.6) |  |  | (0.5) |  |  | 16.2 |
Less: other comprehensive income from continuing operations attributable to non-controlling interest |  | 0.1 |  |  | — |  |  | — |  |  | 0.1 |
Less: other comprehensive income from discontinued operations attributable to non-controlling interest |  | 0.1 |  |  | — |  |  | — |  |  | 0.1 |
Other comprehensive income (loss) attributable to controlling interest |  | 18.1 |  |  | (1.6) |  |  | (0.5) |  |  | 16.0 |
Balance at April 2, 2023 |  | (232.7) |  |  | (5.5) |  |  | (34.7) |  |  | (272.9) |
Other comprehensive income (loss) before reclassification |  | 11.6 |  |  | (9.0) |  |  | (1.2) |  |  | 1.4 |
Net reclassification for loss to income from continuing operations |  | — |  |  | 3.6 |  |  | 1.0 |  |  | 4.6 |
Net reclassification for loss (gain) to income from discontinued operations |  | — |  |  | 2.4 |  |  | (0.1) |  |  | 2.3 |
Other comprehensive income (loss) before tax |  | 11.6 |  |  | (3.0) |  |  | (0.3) |  |  | 8.3 |
Deferred tax effect |  | (0.4) |  |  | 0.8 |  |  | — |  |  | 0.4 |
Other comprehensive income (loss), net of tax |  | 11.2 |  |  | (2.2) |  |  | (0.3) |  |  | 8.7 |
Deconsolidation of discontinued operations |  | 26.6 |  |  | — |  |  | (0.5) |  |  | $ | 26.1 |
Net change to determine comprehensive income for the period |  | 37.8 |  |  | (2.2) |  |  | (0.8) |  |  | 34.8 |
Less: other comprehensive loss from discontinued operations attributable to non-controlling interest |  | (0.2) |  |  | — |  |  | — |  |  | (0.2) |
Less: Deconsolidation of discontinued operations |  | 0.7 |  |  | — |  |  | — |  |  | 0.7 |
Other comprehensive income (loss) attributable to controlling interest |  | 37.3 |  |  | (2.2) |  |  | (0.8) |  |  | 34.3 |
Balance at July 2, 2023 |  | $ | (195.4) |  |  | $ | (7.7) |  |  | $ | (35.5) |  |  | $ | (238.6) |
The change in the components of AOCI for the nine month period ended July 3, 2022, was as follows:
(in millions) |  | Foreign Currency Translation |  | Derivative Instruments |  | Defined Benefit Pension |  | Total
Balance at September 30, 2021 |  | $ | (194.8) |  |  | $ | 6.4 |  |  | $ | (46.9) |  |  | $ | (235.3) |
Other comprehensive income before reclassification |  | 6.8 |  |  | 1.2 |  |  | 0.6 |  |  | 8.6 |
Net reclassification for (gain) loss to income from continuing operations |  | — |  |  | (2.1) |  |  | 1.0 |  |  | (1.1) |
Net reclassification for gain to income from discontinued operations |  | — |  |  | (0.5) |  |  | — |  |  | (0.5) |
Other comprehensive income (loss) before tax |  | 6.8 |  |  | (1.4) |  |  | 1.6 |  |  | 7.0 |
Deferred tax effect |  | (4.5) |  |  | 4.5 |  |  | (2.9) |  |  | (2.9) |
Other comprehensive income (loss), net of tax |  | 2.3 |  |  | 3.1 |  |  | (1.3) |  |  | 4.1 |
Less: other comprehensive income from continuing operations attributable to non-controlling interest |  | 0.1 |  |  | — |  |  | — |  |  | 0.1 |
Other comprehensive income (loss) attributable to controlling interest |  | 2.2 |  |  | 3.1 |  |  | (1.3) |  |  | 4.0 |
Balance at January 2, 2022 |  | (192.6) |  |  | 9.5 |  |  | (48.2) |  |  | (231.3) |
Other comprehensive (loss) income before reclassification |  | (1.6) |  |  | 6.4 |  |  | 1.0 |  |  | 5.8 |
Net reclassification for (gain) loss to income from continuing operations |  | — |  |  | (1.5) |  |  | 1.0 |  |  | (0.5) |
Net reclassification for gain to income from discontinued operations |  | — |  |  | (0.7) |  |  | — |  |  | (0.7) |
Other comprehensive (loss) income before tax |  | (1.6) |  |  | 4.2 |  |  | 2.0 |  |  | 4.6 |
Deferred tax effect |  | (3.1) |  |  | (1.0) |  |  | (0.6) |  |  | (4.7) |
Other comprehensive (loss) income, net of tax |  | (4.7) |  |  | 3.2 |  |  | 1.4 |  |  | (0.1) |
Less: other comprehensive loss from continuing operations attributable to non-controlling interest |  | (0.1) |  |  | — |  |  | — |  |  | (0.1) |
Other comprehensive (loss) income attributable to controlling interest |  | (4.6) |  |  | 3.2 |  |  | 1.4 |  |  | — |
Balance at April 3, 2022 |  | (197.2) |  |  | 12.7 |  |  | (46.8) |  |  | (231.3) |
Other comprehensive (loss) income before reclassification |  | (26.7) |  |  | 4.3 |  |  | 2.3 |  |  | (20.1) |
Net reclassification for (gain) loss to income from continuing operations |  | — |  |  | (4.9) |  |  | 1.1 |  |  | (3.8) |
Net reclassification for gain to income from discontinued operations |  | — |  |  | (0.9) |  |  | (0.1) |  |  | (1.0) |
Other comprehensive (loss) income before tax |  | (26.7) |  |  | (1.5) |  |  | 3.3 |  |  | (24.9) |
Deferred tax effect |  | (6.6) |  |  | 0.9 |  |  | (0.9) |  |  | (6.6) |
Other comprehensive loss, net of tax |  | (33.3) |  |  | (0.6) |  |  | 2.4 |  |  | (31.5) |
Less: other comprehensive loss from continuing operations attributable to non-controlling interest |  | (0.1) |  |  | — |  |  | — |  |  | (0.1) |
Less: other comprehensive loss from discontinued operations attributable to non-controlling interest |  | (0.3) |  |  | — |  |  | — |  |  | (0.3) |
Other comprehensive (loss) income attributable to controlling interest |  | (32.9) |  |  | (0.6) |  |  | 2.4 |  |  | (31.1) |
Balance at July 3, 2022 |  | $ | (230.1) |  |  | $ | 12.1 |  |  | $ | (44.4) |  |  | $ | (262.4) |
Reclassification out of Accumulated Other Comprehensive Income | The following table presents reclassifications of the gain (loss) on the Condensed Consolidated Statements of Income from AOCI for the periods indicated:
(in millions) |  | Three Month Period Ended July 2, 2023 |  | Nine Month Period Ended July 2, 2023
| Foreign Currency Translation |  | Derivative Instruments |  | Defined Benefit Pension |  | Total |  | Foreign Currency Translation |  | Derivative Instruments |  | Defined Benefit Pension |  | Total
Net Sales |  | $ | — |  |  | $ | 0.1 |  |  | $ | — |  |  | $ | 0.1 |  |  | $ | — |  |  | $ | 0.2 |  |  | $ | — |  |  | $ | 0.2 |
Cost of goods sold |  | — |  |  | (3.7) |  |  | — |  |  | (3.7) |  |  | — |  |  | (6.2) |  |  | — |  |  | (6.2) |
Other non-operating expense (income), net |  | — |  |  | — |  |  | (1.0) |  |  | (1.0) |  |  | — |  |  | — |  |  | (1.2) |  |  | (1.2) |
Income from discontinued operations, net of tax |  | (26.6) |  |  | (2.4) |  |  | 0.6 |  |  | (28.4) |  |  | (26.6) |  |  | (2.3) |  |  | 0.6 |  |  | (28.3) |
The following table presents reclassifications of the gain (loss) on the Condensed Consolidated Statements of Income from AOCI for the periods indicated:
(in millions) |  | Three Month Period Ended July 3, 2022 |  | Nine Month Period Ended July 3, 2022
| Derivative Instruments |  | Defined Benefit Pension |  | Total |  | Derivative Instruments |  | Defined Benefit Pension |  | Total
Net Sales |  | $ | 0.1 |  |  | $ | — |  |  | $ | 0.1 |  |  | $ | 0.1 |  |  | $ | — |  |  | $ | 0.1 |
Cost of goods sold |  | 4.8 |  |  | — |  |  | 4.8 |  |  | 8.4 |  |  | — |  |  | 8.4 |
Other non-operating expense (income), net |  | — |  |  | (1.1) |  |  | (1.1) |  |  | — |  |  | (3.1) |  |  | (3.1) |
Income from discontinued operations, net of tax |  | 0.9 |  |  | 0.1 |  |  | 1.0 |  |  | 2.1 |  |  | 0.1 |  |  | 2.2 |

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