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Condensed Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Mar. 31, 2024
Apr. 02, 2023
Mar. 31, 2024
Apr. 02, 2023
Income Statement [Abstract]        
Net sales $ 718.5 $ 729.2 $ 1,410.7 $ 1,442.5
Cost of goods sold 445.1 514.7 892.3 1,026.1
Gross profit 273.4 214.5 518.4 416.4
Selling, general & administrative 223.5 224.5 439.4 448.1
Impairment of intangible assets 39.0 67.0 43.0 67.0
Representation and warranty insurance proceeds (65.0) 0.0 (65.0) 0.0
Gain from remeasurement of contingent consideration liability 0.0 0.0 0.0 (1.5)
Total operating expenses 197.5 291.5 417.4 513.6
Operating income (loss) 75.9 (77.0) 101.0 (97.2)
Interest expense 16.9 31.6 36.1 65.0
Interest income (17.5) (0.2) (40.9) (0.4)
Gain from debt repurchase 0.0 0.0 (4.7) 0.0
Other non-operating expense, net 1.1 1.4 5.2 0.1
Income (loss) from continuing operations before income taxes 75.4 (109.8) 105.3 (161.9)
Income tax expense (benefit) 25.5 (34.8) 37.9 (46.9)
Net income (loss) from continuing operations 49.9 (75.0) 67.4 (115.0)
Income from discontinued operations, net of tax 11.0 21.4 22.7 40.9
Net income (loss) 60.9 (53.6) 90.1 (74.1)
Net (loss) income from continuing operations attributable to non-controlling interest (0.2) 0.1 (0.1) 0.3
Income from discontinued operations attributable to non-controlling interest, net of tax 0.0 0.0 0.0 0.2
Net income (loss) attributable to controlling interest 61.1 (53.7) 90.2 (74.6)
Amounts attributable to controlling interest        
Net income (loss) from continuing operations attributable to controlling interest 50.1 (75.1) 67.5 (115.3)
Income from discontinued operations attributable to controlling interest, net of tax 11.0 21.4 22.7 40.7
Net income (loss) attributable to controlling interest $ 61.1 $ (53.7) $ 90.2 $ (74.6)
Earnings Per Share        
Basic earnings per share from continuing operations (in dollars per share) $ 1.66 $ (1.83) $ 2.10 $ (2.82)
Basic earnings per share from discontinued operations (in dollars per share) 0.37 0.52 0.71 1.00
Basic earnings per share (in dollars per share) 2.03 (1.31) 2.81 (1.82)
Diluted earnings per share from continuing operations (in dollars per share) 1.65 (1.83) 2.09 (2.82)
Diluted earnings per share from discontinued operations (in dollars per share) 0.36 0.52 0.71 1.00
Diluted earnings per share (in dollars per share) 2.01 (1.31) 2.80 (1.82)
Dividend per share (in dollars per share) $ 0.42 $ 0.42 $ 0.84 $ 0.84
Weighted Average Shares Outstanding        
Basic (in shares) 30.2 41.0 32.1 40.9
Diluted (in shares) 30.4 41.0 32.2 40.9