Fair Value Measurements (Tables)

6 Months Ended

Mar. 27, 2021

Fair Value Assets and Liabilities Measured on Recurring Basis

Assets and liabilities measured and recorded at fair value on a recurring basis consisted of the following at March 27, 2021:


			Fair Value at Reporting Date Using
	Balance as of March 27, 2021		Quoted Prices in Active Market for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:


Foreign currency option contracts	$	1.1	$	—	$	1.1	$	—

Total	$	1.1	$	—	$	—	$	—
Liabilities:
Contingent consideration	$	71.7	$	—	$	—	$	71.7
Interest rate swap	24.9		—		24.9		—
Forward foreign currency contracts	3.0		—		3.0		—
Total	$	99.6	$	—	$	27.9	$	71.7

Liabilities Measured and Recorded at Fair Value on a Recurring Basis

Changes in the fair value of recurring fair value measurements using significant unobservable inputs (Level 3), which solely consisted of contingent consideration liabilities, during the three and six month periods ended March 27, 2021 and March 28, 2020 were as follows:


		Three Month Ended				Six Months Ended
		March 27, 2021		March 28, 2020		March 27, 2021		March 28, 2020
Balance at beginning of period		$	86.4	$	10.0	$	81.8	$	9.1
	Contingent consideration recorded at acquisition	—		0.9		—		0.9
	Fair value adjustments	(14.7)		(0.5)		(10.1)		0.4
	Payments/Accruals	—		(9.6)		—		(9.6)
Balance at end of period		$	71.7	$	0.8	$	71.7	$	0.8