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Condensed Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Jul. 02, 2023
Jul. 03, 2022
Jul. 02, 2023
Jul. 03, 2022
Income Statement [Abstract]        
Net sales $ 735.5 $ 818.0 $ 2,178.1 $ 2,383.0
Cost of goods sold 472.0 542.0 1,498.2 1,632.1
Gross profit 263.5 276.0 679.9 750.9
Selling 137.0 161.9 401.4 457.9
General and administrative 81.1 94.3 253.4 289.3
Research and development 5.3 6.1 16.6 22.0
Impairment of goodwill 111.1 0.0 111.1 0.0
Impairment of intangible assets 53.7 0.0 120.7 0.0
Gain from remeasurement of contingent consideration liability 0.0 (25.0) (1.5) (25.0)
Total operating expenses 388.2 237.3 901.7 744.2
Operating (loss) income (124.7) 38.7 (221.8) 6.7
Interest expense 38.9 26.0 103.9 72.4
Interest income (5.4) (0.1) (5.6) (0.5)
Other non-operating expense, net 0.1 7.8 0.1 7.9
(Loss) income from continuing operations before income taxes (158.3) 5.0 (320.2) (73.1)
Income tax expense (benefit) 13.9 2.0 (33.0) (20.8)
Net (loss) income from continuing operations (172.2) 3.0 (287.2) (52.3)
Income from discontinued operations, net of tax 2,031.8 29.9 2,072.7 109.8
Net income 1,859.6 32.9 1,785.5 57.5
Net income from continuing operations attributable to non-controlling interest 0.2 0.0 0.5 0.0
Net income from discontinued operations attributable to non-controlling interest 0.2 0.2 0.3 0.7
Net income attributable to controlling interest 1,859.2 32.7 1,784.7 56.8
Amounts attributable to controlling interest        
Net (loss) income from continuing operations attributable to controlling interest (172.4) 3.0 (287.7) (52.3)
Net income from discontinued operations attributable to controlling interest 2,031.6 29.7 2,072.4 109.1
Net income attributable to controlling interest $ 1,859.2 $ 32.7 $ 1,784.7 $ 56.8
Earnings Per Share        
Basic earnings per share from continuing operations (in dollars per share) $ (4.27) $ 0.07 $ (7.06) $ (1.28)
Basic earnings per share from discontinued operations (in dollars per share) 50.34 0.73 50.87 2.67
Basic earnings per share (in dollars per share) 46.07 0.80 43.81 1.39
Diluted earnings per share from continuing operations (in dollars per share) (4.27) 0.07 (7.06) (1.28)
Diluted earnings per share from discontinued operations (in dollars per share) 50.34 0.73 50.87 2.67
Diluted earnings per share (in dollars per share) 46.07 0.80 43.81 1.39
Dividend per share (in dollars per share) $ 0.42 $ 0.42 $ 1.26 $ 1.26
Weighted Average Shares Outstanding        
Basic (in shares) 40.4 40.8 40.7 41.0
Diluted (in shares) 40.4 41.0 40.7 41.0