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DERIVATIVES (Tables)

3 Months Ended

Dec. 29, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Outstanding Notional Balances and Maturities of Derivative Instruments

The following summarizes outstanding notional balances and maturities of derivative instruments as of December 29, 2024 and September 30, 2024.

December 29, 2024

September 30, 2024

(in millions)

Notional Balance

Maturities thru

Notional Balance

Maturities thru

Foreign exchange contracts - cash flow hedges

$

314.0

June 2026

$

351.7

June 2026

Foreign exchange contracts - not designated as hedge

$

480.5

January 2025

$

466.9

October 2024

Schedule of Fair Value of Outstanding Derivative Instruments

The following summarizes the fair value and location of outstanding derivative instruments in the Condensed Consolidated Statements of Financial Position.

(in millions)						Line Item						December 29, 2024						September 30, 2024
Derivative Assets
Foreign exchange contracts – cash flow hedges						Other receivables						$	4.3					$	1.4
Foreign exchange contracts – cash flow hedges						Deferred charges and other						0.8						0.1
Foreign exchange contracts – not designated as hedge						Other receivables						0.4						0.3
Total Derivative Assets												$	5.5					$	1.8
Derivative Liabilities
Foreign exchange contracts – cash flow hedges						Accounts payable						$	0.7					$	11.5
Foreign exchange contracts – cash flow hedges						Other long term liabilities						—						1.4
Foreign exchange contracts – not designated as hedge						Accounts payable						2.8						2.4
Total Derivative Liabilities												$	3.5					$	15.3

Schedule of Pre-Tax Gain (Loss) from Derivative Instruments and Location in Condensed Consolidated Statements of Income

The following summarizes the pre-tax gain (loss) from derivative instruments and location in the Condensed Consolidated Statements of Income for the three month periods ended December 29, 2024 and December 31, 2023, respectively.

(in millions)						Line Item						December 29, 2024						December 31, 2023
Foreign exchange contracts - cash flow hedges						Net sales						$	—					$	0.1
Foreign exchange contracts - cash flow hedges						Cost of goods sold						(0.7)						(5.2)
Foreign exchange contracts - not designated as hedge						Other non-operating expense, net						(3.3)						13.1

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Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments.

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Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

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Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

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