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FINANCIAL DERIVATIVES AND HEDGING ACTIVITIES (Tables) | 12 Months Ended
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Oct. 03, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Derivative Instruments | As of October 3, 2025, the Company had the following outstanding derivatives designated as net investment hedging instruments:
(In millions, except number of instruments) | Number of Instruments |  | Notional Value
Cross currency swap contracts | 2 |  | $ | 51.8 |
The following table shows the notional amounts of outstanding foreign currency contracts as of October 3, 2025:
|  | Notional Value of Derivatives not Designated as Hedging Instruments:
(In millions of equivalent USD) |  | Buy Contracts |  | Sell Contracts
Australian Dollar |  | $ | — |  |  | $ | 2.9 |
Chinese Renminbi |  | — |  |  | 15.6 |
Euro |  | — |  |  | 27.8 |
Japanese Yen |  | 7.3 |  |  | — |
Mexican Peso |  | — |  |  | 1.3 |
Philippine Peso |  | 16.3 |  |  | — |
Swiss Franc |  | 2.4 |  |  | — |
Total notional value |  | $ | 26.0 |  |  | $ | 47.6 |
Schedule of Net Investment Hedges | The following table summarizes the amount of pre-tax income recognized from derivative instruments for the periods indicated and the line items in the accompanying Consolidated Statements of Operations where the results are recorded for net investment hedges:
| Amount of Loss Recognized in OCI on Derivatives Fiscal Year Ended |  | Location of Gain Recognized in Income on Derivative (Amount Excluded from Effectiveness Testing) |  | Amount of Gain Recognized in Income on Derivative (Amount Excluded from Effectiveness Testing) Fiscal Year Ended
(In millions) | 2025 |  | 2024 |  | 2023 |  |  | 2025 |  | 2024 |  | 2023
Cross currency swap contracts | $ | (2.7) |  |  | $ | (3.9) |  |  | $ | (4.4) |  |  | Interest expense |  | $ | 0.8 |  |  | $ | 0.9 |  |  | $ | 0.9 |
The following table summarizes the gross fair values of derivative instruments as of the periods indicated and the line items in the accompanying Consolidated Balance Sheets where the instruments are recorded:
(In millions) |  |  |  | Derivative Assets and Liabilities
Derivatives Designated as Net Investment Hedges |  | Balance Sheet Location |  | October 3, 2025 |  | September 27, 2024
Cross currency swap contracts |  | Prepaid expenses and other current assets |  | $ | — |  |  | $ | 1.0 |
Cross currency swap contracts |  | Accrued liabilities and other current liabilities |  | 10.4 |  |  | — |
Cross currency swap contracts |  | Other long-term liabilities |  | $ | — |  |  | $ | 8.6 |

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- 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 No definition available. + Details
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- Definition Tabular disclosure for net investment hedges of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -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://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4B + Details
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