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FINANCIAL DERIVATIVES AND HEDGING ACTIVITIES (Tables)
12 Months Ended
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 InstrumentsNotional Value
Cross currency swap contracts2$51.8 
The following table shows the notional amounts of outstanding foreign currency contracts as of October 3, 2025:
Notional Value of Derivatives not Designated as Hedging Instruments:
(In millions of equivalent USD)Buy ContractsSell Contracts
Australian Dollar$— $2.9 
Chinese Renminbi— 15.6 
Euro— 27.8 
Japanese Yen7.3 — 
Mexican Peso— 1.3 
Philippine Peso16.3 — 
Swiss Franc2.4 — 
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)
202520242023202520242023
Cross currency swap contracts
$(2.7)$(3.9)$(4.4)Interest expense$0.8 $0.9 $0.9 
The following table summarizes the gross fair values of derivative instruments as of the periods indicated and the line items in the accompanying Consolidated Balance Sheets where the instruments are recorded:
(In millions)Derivative Assets and Liabilities
Derivatives Designated as Net Investment HedgesBalance Sheet LocationOctober 3, 2025September 27, 2024
Cross currency swap contractsPrepaid expenses and other current assets$— $1.0 
Cross currency swap contractsAccrued liabilities and other current liabilities10.4 — 
Cross currency swap contractsOther long-term liabilities$— $8.6