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FAIR VALUE (Tables) | 3 Months Ended
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Dec. 30, 2022
Fair Value Disclosures [Abstract] |
Fair Value, Liabilities Measured on Recurring Basis | In the tables below, the Company has segregated all assets and liabilities that are measured at fair value on a recurring basis into the most appropriate level within the fair value hierarchy based on the inputs used to determine the fair value at the measurement date.
| Fair Value at December 30, 2022
(In millions) | Quoted Prices in Active Markets for Identical Assets and Liabilities (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3) |  | Total
Assets: |  |  |  |  |  |  |
Money market funds | $ | — |  |  | $ | 21.5 |  |  | $ | — |  |  | $ | 21.5 |
Commercial paper | — |  |  | 4.9 |  |  | — |  |  | 4.9 |
Corporate notes/bonds | — |  |  | 3.6 |  |  | — |  |  | 3.6 |
Government agencies | — |  |  | 0.3 |  |  | — |  |  | 0.3 |
U.S. Treasury bills | — |  |  | 10.3 |  |  | — |  |  | 10.3 |
Derivative assets | — |  |  | 1.1 |  |  | — |  |  | 1.1 |
Deferred compensation plan(1) | 5.8 |  |  | — |  |  | — |  |  | 5.8 |
Marketable equity securities | 4.5 |  |  | — |  |  | — |  |  | 4.5 |
Total assets measured at fair value | $ | 10.3 |  |  | $ | 41.7 |  |  | $ | — |  |  | $ | 52.0 |
Liabilities: |  |  |  |  |  |  |
Derivative liabilities | $ | — |  |  | $ | 4.7 |  |  | $ | — |  |  | $ | 4.7 |
Total liabilities measured at fair value | $ | — |  |  | $ | 4.7 |  |  | $ | — |  |  | $ | 4.7 |
| Fair Value at September 30, 2022
(In millions) | Quoted Prices in Active Markets for Identical Assets and Liabilities (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3) |  | Total
Assets: |  |  |  |  |  |  |
Money market funds | $ | — |  |  | $ | 36.6 |  |  | $ | — |  |  | $ | 36.6 |
Commercial paper | — |  |  | 5.9 |  |  | — |  |  | 5.9 |
Corporate notes/bonds | — |  |  | 3.6 |  |  | — |  |  | 3.6 |
Government agencies | — |  |  | 0.3 |  |  | — |  |  | 0.3 |
U.S. Treasury bills | — |  |  | 10.2 |  |  | — |  |  | 10.2 |
Derivative assets | — |  |  | 7.5 |  |  | — |  |  | 7.5 |
Deferred compensation plan(1) | 5.4 |  |  | — |  |  | — |  |  | 5.4 |
Marketable equity securities | 2.5 |  |  | — |  |  | — |  |  | 2.5 |
Total assets measured at fair value | $ | 7.9 |  |  | $ | 64.1 |  |  | $ | — |  |  | $ | 72.0 |
Liabilities: |  |  |  |  |  |  |
Derivative liabilities | $ | — |  |  | $ | 0.3 |  |  | $ | — |  |  | $ | 0.3 |
Total liabilities measured at fair value | $ | — |  |  | $ | 0.3 |  |  | $ | — |  |  | $ | 0.3 |
(1) The assets held under the Company's deferred compensation plan are classified in Level 1 as they relate primarily to publicly traded mutual funds for which there are observable market prices in active markets.
Fair Value, Assets Measured on Recurring Basis | In the tables below, the Company has segregated all assets and liabilities that are measured at fair value on a recurring basis into the most appropriate level within the fair value hierarchy based on the inputs used to determine the fair value at the measurement date.
| Fair Value at December 30, 2022
(In millions) | Quoted Prices in Active Markets for Identical Assets and Liabilities (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3) |  | Total
Assets: |  |  |  |  |  |  |
Money market funds | $ | — |  |  | $ | 21.5 |  |  | $ | — |  |  | $ | 21.5 |
Commercial paper | — |  |  | 4.9 |  |  | — |  |  | 4.9 |
Corporate notes/bonds | — |  |  | 3.6 |  |  | — |  |  | 3.6 |
Government agencies | — |  |  | 0.3 |  |  | — |  |  | 0.3 |
U.S. Treasury bills | — |  |  | 10.3 |  |  | — |  |  | 10.3 |
Derivative assets | — |  |  | 1.1 |  |  | — |  |  | 1.1 |
Deferred compensation plan(1) | 5.8 |  |  | — |  |  | — |  |  | 5.8 |
Marketable equity securities | 4.5 |  |  | — |  |  | — |  |  | 4.5 |
Total assets measured at fair value | $ | 10.3 |  |  | $ | 41.7 |  |  | $ | — |  |  | $ | 52.0 |
Liabilities: |  |  |  |  |  |  |
Derivative liabilities | $ | — |  |  | $ | 4.7 |  |  | $ | — |  |  | $ | 4.7 |
Total liabilities measured at fair value | $ | — |  |  | $ | 4.7 |  |  | $ | — |  |  | $ | 4.7 |
| Fair Value at September 30, 2022
(In millions) | Quoted Prices in Active Markets for Identical Assets and Liabilities (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3) |  | Total
Assets: |  |  |  |  |  |  |
Money market funds | $ | — |  |  | $ | 36.6 |  |  | $ | — |  |  | $ | 36.6 |
Commercial paper | — |  |  | 5.9 |  |  | — |  |  | 5.9 |
Corporate notes/bonds | — |  |  | 3.6 |  |  | — |  |  | 3.6 |
Government agencies | — |  |  | 0.3 |  |  | — |  |  | 0.3 |
U.S. Treasury bills | — |  |  | 10.2 |  |  | — |  |  | 10.2 |
Derivative assets | — |  |  | 7.5 |  |  | — |  |  | 7.5 |
Deferred compensation plan(1) | 5.4 |  |  | — |  |  | — |  |  | 5.4 |
Marketable equity securities | 2.5 |  |  | — |  |  | — |  |  | 2.5 |
Total assets measured at fair value | $ | 7.9 |  |  | $ | 64.1 |  |  | $ | — |  |  | $ | 72.0 |
Liabilities: |  |  |  |  |  |  |
Derivative liabilities | $ | — |  |  | $ | 0.3 |  |  | $ | — |  |  | $ | 0.3 |
Total liabilities measured at fair value | $ | — |  |  | $ | 0.3 |  |  | $ | — |  |  | $ | 0.3 |
(1) The assets held under the Company's deferred compensation plan are classified in Level 1 as they relate primarily to publicly traded mutual funds for which there are observable market prices in active markets.
Schedule of Gains and (Losses) on Marketable Securities | The following tables summarize the Company's marketable debt securities:
| December 30, 2022
(In millions) | Amortized Costs |  |  |  | Unrealized Losses |  | Fair Value
Commercial paper | $ | 4.9 |  |  |  |  | $ | — |  |  | $ | 4.9 |
Corporate notes/bonds | 3.7 |  |  |  |  | (0.1) |  |  | 3.6 |
U.S. Treasury bills | 10.3 |  |  |  |  | — |  |  | 10.3 |
Government agencies | 0.3 |  |  |  | — |  |  | 0.3
Total marketable debt securities | $ | 19.2 |  |  |  |  | $ | (0.1) |  |  | $ | 19.1 |
| September 30, 2022
(In millions) | Amortized Costs |  |  |  | Unrealized Losses |  | Fair Value
Commercial paper | $ | 5.9 |  |  |  |  | $ | — |  |  | $ | 5.9 |
Corporate notes/bonds | 3.7 |  |  |  |  | (0.1) |  |  | 3.6 |
U.S. Treasury bills | 10.2 |  |  |  |  | — |  |  | 10.2 |
Government agencies | 0.3 |  |  |  | — |  |  | 0.3
Total marketable debt securities | $ | 20.1 |  |  |  |  | $ | (0.1) |  |  | $ | 20.0 |
Schedule of Marketable Securities | The contractual maturities of marketable debt securities as of December 30, 2022, are shown in the table below. Actual maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations.
| December 30, 2022
(In millions) | Amortized Costs |  | Fair Value
Contractual maturities: |  |  |
Due within one year | $ | 16.8 |  |  | $ | 16.7 |
Due after one year through five years | 2.4 |  |  | 2.4 |
Total marketable debt securities | $ | 19.2 |  |  | $ | 19.1 |
The following tables summarize the balance sheet locations for marketable debt securities:
| December 30, 2022
(In millions) | Commercial paper |  | Corporate notes/bonds |  | Government agencies |  | Treasury bills |  | Total
Prepaid expenses and other current assets | $ | 4.9 |  |  | $ | 2.4 |  |  | $ | 0.3 |  |  | $ | 9.1 |  |  | $ | 16.7 |
Other assets | — |  |  | 1.2 |  |  | — |  |  | 1.2 |  |  | 2.4 |
Total marketable debt securities | $ | 4.9 |  |  | $ | 3.6 |  |  | $ | 0.3 |  |  | $ | 10.3 |  |  | $ | 19.1 |
| September 30, 2022
(In millions) | Commercial paper |  | Corporate notes/bonds |  | Government agencies |  | Treasury bills |  | Total
Cash and cash equivalents | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 3.3 |  |  | $ | 3.3 |
Prepaid expenses and other current assets | 5.9 |  |  | 1.9 |  |  | 0.3 |  |  | 6.4 |  |  | 14.5 |
Other assets | — |  |  | 1.7 |  |  | — |  |  | 0.5 |  |  | 2.2 |
Total marketable debt securities | $ | 5.9 |  |  | $ | 3.6 |  |  | $ | 0.3 |  |  | $ | 10.2 |  |  | $ | 20.0 |

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- Definition Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
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