Share-Based Compensation

3 Months Ended

Dec. 27, 2019

Share-based Payment Arrangement [Abstract]

Share-Based Compensation

SHARE-BASED COMPENSATION:

The following table summarizes the share-based compensation expense and related information for Time-Based Options ("TBOs"), Time-Based Restricted Stock Units ("RSUs"), Performance Stock Units ("PSUs"), and Deferred Stock Units classified as "Selling and general corporate expenses" in the Condensed Consolidated Statements of Income (in millions).

	Three Months Ended
	December 27, 2019		December 28, 2018
TBOs	$	2.9	$	5.3
RSUs	8.1		8.9
PSUs	2.6		3.8
Deferred Stock Units	0.5		0.6
	$	14.1	$	18.6
Taxes related to share-based compensation	$	3.5	$	4.6
Cash Received from Option Exercises	26.1		1.1
Tax Benefit on Share Deliveries	18.6		1.3

The below table summarizes the number of shares granted and the weighted-average grant-date fair value per unit during the three months ended December 27, 2019:

	Shares Granted (in millions)	Weighted-Average Grant-Date Fair Value (dollars per share)
TBOs	1.5	$	9.49
RSUs	1.1	$	42.40
PSUs(1)(2)	0.9	$	45.03
	3.5

(1)

Includes approximately 0.3 million shares resulting from the payout of the 2017 PSU grants due to exceeding the adjusted earnings per share target.

(2)

During the first quarter of fiscal 2020, the Company granted PSUs subject to the level of achievement of adjusted revenue growth, adjusted operating income growth, return on invested capital and a total shareholder return multiplier for the cumulative three year performance period and the participant's continued employment with the Company. The Company is accounting for this award as a market-based award which was valued utilizing the Monte Carlo Simulation pricing model, which calculates multiple potential outcomes for an award and establishes fair value based on the most likely outcome.