XML 45 R32.htm IDEA: XBRL DOCUMENT
v3.25.1

DERIVATIVES (Tables) | 6 Months Ended
--- | ---
Mar. 30, 2025
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 March 30, 2025 and September 30, 2024.
|  | March 30, 2025 |  | September 30, 2024
(in millions) |  | Notional Balance |  | Maturities thru |  | Notional Balance |  | Maturities thru
Foreign exchange contracts - cash flow hedges |  | $ | 336.5 |  |  | September 2026 |  | $ | 351.7 |  |  | June 2026
Foreign exchange contracts - not designated as hedge |  | $ | 475.0 |  |  | April 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 |  | March 30, 2025 |  | September 30, 2024
Derivative Assets |  |  |  |  |  |
Foreign exchange contracts – cash flow hedges |  | Other receivables |  | $ | 1.7 |  |  | $ | 1.4 |
Foreign exchange contracts – cash flow hedges |  | Deferred charges and other |  | 0.2 |  |  | 0.1 |
Foreign exchange contracts – not designated as hedge |  | Other receivables |  | 1.6 |  |  | 0.3 |
Total Derivative Assets |  |  |  | $ | 3.5 |  |  | $ | 1.8 |
Derivative Liabilities |  |  |  |  |  |
Foreign exchange contracts – cash flow hedges |  | Accounts payable |  | $ | 5.0 |  |  | $ | 11.5 |
Foreign exchange contracts – cash flow hedges |  | Other long term liabilities |  | 0.5 |  |  | 1.4 |
Foreign exchange contracts – not designated as hedge |  | Accounts payable |  | 0.2 |  |  | 2.4 |
Total Derivative Liabilities |  |  |  | $ | 5.7 |  |  | $ | 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 and six month periods ended March 30, 2025 and March 31, 2024, respectively.
|  |  |  | Three Month Periods Ended |  | Six Month Periods Ended
(in millions) |  | Line Item |  | March 30, 2025 |  | March 31, 2024 |  | March 30, 2025 |  | March 31, 2024
Foreign exchange contracts - cash flow hedges |  | Net sales |  | $ | — |  |  | $ | 0.1 |  |  | $ | — |  |  | $ | 0.1 |
Foreign exchange contracts - cash flow hedges |  | Cost of goods sold |  | 1.2 |  |  | (4.9) |  |  | 0.5 |  |  | (10.0) |
Foreign exchange contracts - not designated as hedge |  | Other non-operating expense, net |  | 8.7 |  |  | 5.5 |  |  | 5.4 |  |  | (7.6) |

X
- References No definition available. + Details
Name: | us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4E -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4E Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4B + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -SubTopic 10 -Topic 815 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-1A Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-1B Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-8 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4B Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-1 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-5 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration