XML 43 R32.htm IDEA: XBRL DOCUMENT v3.10.0.1
DEBT (Tables)
3 Months Ended
Dec. 29, 2018
Debt Disclosure [Abstract]  
Components of Long-Term Debt
The components of the Company’s debt are as follows:
 
DECEMBER 29,
2018
 
DECEMBER 30,
2017
 
SEPTEMBER 30,
2018
 
(In millions)
Credit Facilities:
 
 
 
 
 
Revolving loans
$
793.9

 
$
798.8

 
$
492.2

Term loans
790.0

 
270.0

 
790.0

Senior Notes – 5.250%
250.0

 
250.0

 
250.0

Senior Notes – 6.000%
400.0

 
400.0

 
400.0

Receivables facility
40.0

 
38.0

 
76.0

Other
16.3

 
34.5

 
17.5

Total debt
2,290.2

 
1,791.3

 
2,025.7

Less current portions
95.1

 
86.1

 
132.6

Less unamortized debt issuance costs
8.9

 
8.2

 
9.3

Long-term debt
$
2,186.2

 
$
1,697.0

 
$
1,883.8

Schedule of Interest Rate Swap Agreements
The notional amount, effective date, expiration date and rate of each of these swap agreements outstanding at December 29, 2018 are shown in the table below:
Notional Amount
(in millions)
 
Effective
Date (a)
 
Expiration
Date
 
Fixed
Rate
$
150

(b)  
2/7/2017
 
5/7/2019
 
2.12
%
50

(b)  
2/7/2017
 
5/7/2019
 
2.25
%
50

 
2/28/2018
 
5/28/2019
 
2.01
%
200

(c) 
12/20/2016
 
6/20/2019
 
2.12
%
250

(d) 
1/8/2018
 
6/8/2020
 
2.09
%
100

 
6/20/2018
 
10/20/2020
 
2.15
%
200

(d) 
11/7/2018
 
6/7/2021
 
2.87
%
100

 
11/7/2018
 
7/7/2021
 
2.96
%
200

 
11/7/2018
 
10/7/2021
 
2.98
%

(a)
The effective date refers to the date on which interest payments were first hedged by the applicable swap agreement.
(b)
Interest payments made during the three-month period of each year that begins with the month and day of the effective date are hedged by the swap agreement.
(c)
Interest payments made during the six-month period of each year that begins with the month and day of the effective date are hedged by the swap agreement.
(d)
Notional amount adjusts in accordance with a specified seasonal schedule. This represents the maximum notional amount at any point in time.