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FAIR VALUE (Tables)
12 Months Ended
Sep. 29, 2023
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and 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 Measurements at September 29, 2023
(In millions)
Quoted Prices in Active Markets
(Level 1)
Significant Other
Observable Inputs
(Level 2)
Significant Unobservable Inputs
(Level 3)
Total
Assets:
Money market funds$— $45.4 $— $45.4 
Commercial paper— 6.0 — 6.0 
Corporate notes/bonds— 8.3 — 8.3 
Government agencies— 6.6 — 6.6 
US Treasury bills— 28.6 — 28.6 
Derivative assets
— 0.7 — 0.7 
Deferred compensation plan(1)
6.3 — — 6.3 
Marketable equity securities4.1 — — 4.1 
Total assets measured at fair value$10.4 $95.6 $— $106.0 
Liabilities:
Derivative liabilities
$— $4.9 $— $4.9 
Total liabilities measured at fair value$— $4.9 $— $4.9 
(1) The assets held under the Company’s deferred compensation plan are classified in Level 1 as they relate primarily to publicly traded mutual funds for which there are observable market prices in active markets.
Fair Value Measurements at September 30, 2022
(In millions)
Quoted Prices in Active Markets
(Level 1)
Significant Other
Observable Inputs
(Level 2)
Significant Unobservable Inputs
(Level 3)
Total
Assets:
Money market funds$— $36.6 $— $36.6 
Commercial paper— 5.9 — 5.9 
Corporate notes/bonds— 3.6 — 3.6 
Government agencies— 0.3 — 0.3 
US Treasury bills— 10.2 — 10.2 
Derivative assets— 7.5 — 7.5 
Deferred compensation plan(1)
5.4 — — 5.4 
Marketable equity securities2.5 — — 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 is a summary of marketable debt securities, which are included within the cash and cash equivalents, prepaid expenses and other current assets, and other assets balances on the Consolidated Balance Sheets.
September 29, 2023
(In millions)Amortized CostsUnrealized LossesFair Value
Commercial paper$6.0 $— $6.0 
Corporate notes/bonds8.3 — 8.3 
US Treasury bills28.6 — 28.6 
Government agencies6.6 — 6.6 
Total marketable debt securities$49.5 $— $49.5 
    The following table summarizes the marketable debt securities on the Consolidated Balance Sheets as of September 30, 2022.
September 30, 2022
(In millions)Amortized CostsUnrealized LossesFair Value
Commercial paper$5.9 $— $5.9 
Corporate notes/bonds3.7 (0.1)3.6 
US Treasury bills10.2 — 10.2 
Government agencies0.3 — 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 September 29, 2023, are shown in the table below. Actual maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations.
September 29, 2023
(In millions)Amortized CostsFair Value
Contractual maturities:
Due within one year$49.5 $49.5 
Due after one year through five years— — 
Total marketable debt securities$49.5 $49.5 
The following tables summarizes the balance sheet locations for marketable debt securities:
September 29, 2023
(In millions)Commercial paperCorporate notes/bondsGovernment agenciesTreasury BillsTotal
Cash and cash equivalents$6.0 $— $— $2.2 $8.2 
Prepaid expenses and other current assets— 8.3 6.6 26.4 41.3 
Total marketable debt securities$6.0 $8.3 $6.6 $28.6 $49.5 
September 30, 2022
(In millions)Commercial paperCorporate notes/bondsGovernment agenciesTreasury BillsTotal
Cash and cash equivalents$— $— $— $3.3 $3.3 
Prepaid expenses and other current assets5.9 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