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ACCUMULATED OTHER COMPREHENSIVE INCOME (Tables)

9 Months Ended

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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Tabular disclosure of information about items reclassified out of accumulated other comprehensive income (loss).

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Tabular disclosure of the components of accumulated other comprehensive income (loss).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14A
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482790/220-10-45-14A

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481674/830-30-50-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 20
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481694/830-30-45-20

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