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EARNINGS PER SHARE
9 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
EARNINGS PER SHARE EARNINGS PER SHARE
Diluted earnings per share is calculated using its weighted-average outstanding common shares including the dilutive effect of share-based awards, as determined under the treasury stock method, and the Exchangeable Notes, as determined under the net share settlement method. From the time of the issuance of the Exchangeable Notes, the average market price of the Company’s common shares has been less than the initial conversion price, and consequently no shares have been included in diluted earnings per share for the conversion value of the Exchangeable Notes. The reconciliation of the numerator and denominator of the basic and diluted earnings per share calculation and the anti-dilutive shares for the three and nine month periods ended June 30, 2024 and July 2, 2023, are as follows:
Three Month Periods EndedNine Month Periods Ended
(in millions, except per share amounts)
June 30, 2024July 2, 2023June 30, 2024July 2, 2023
Numerator
Net income (loss) from continuing operations attributable to controlling interest$19.2 $(172.4)$86.6 $(287.7)
(Loss) income from discontinued operations attributable to controlling interest, net of tax(13.1)2,031.6 9.6 2,072.4 
Net income attributable to controlling interest$6.1 $1,859.2 $96.2 $1,784.7 
Denominator
Weighted average shares outstanding – basic28.9 40.4 31.0 40.7 
Dilutive shares0.2 — 0.2 — 
Weighted average shares outstanding – diluted29.1 40.4 31.2 40.7 
Earnings per share
Basic earnings per share from continuing operations$0.66 $(4.27)$2.79 $(7.06)
Basic earnings per share from discontinued operations(0.45)50.34 0.31 50.87 
Basic earnings per share$0.21 $46.07 $3.10 $43.81 
Diluted earnings per share from continuing operations$0.66 $(4.27)$2.78 $(7.06)
Diluted earnings per share from discontinued operations(0.45)50.34 0.31 50.87 
Diluted earnings per share$0.21 $46.07 $3.09 $43.81 
Weighted average number of anti-dilutive shares excluded from denominator— 0.2 — 0.1