| FAIR VALUE Assets and Liabilities Measured at Fair Value on a Recurring Basis The fair values of certain of the Company’s financial instruments, including bank deposits included in cash and cash equivalents, accounts receivable, net and accounts payable, approximate their fair values due to their short maturities. As of December 30, 2022, the fair values of the Company's Convertible Notes and Senior Secured Notes, as defined in Note 10, Borrowings and measured using Level 1 inputs, were $229.0 million and $239.3 million, respectively. As of September 30, 2022, the fair values of the Company's Convertible Notes and Senior Secured Notes, measured using Level 1 inputs, were $250.2 million and $241.3 million, respectively. The Company has elected to use the income approach to value its derivative instruments using standard valuation techniques and Level 2 inputs, such as currency spot rates, forward points and credit default swap spreads. 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 at December 30, 2022 | | (In millions) | Quoted Prices in Active Markets for Identical Assets and Liabilities (Level 1) | | Significant Other Observable Inputs (Level 2) | | Significant Unobservable Inputs (Level 3) | | Total | | Assets: | | | | | | | | | Money market funds | $ | — | | | $ | 21.5 | | | $ | — | | | $ | 21.5 | | | Commercial paper | — | | | 4.9 | | | — | | | 4.9 | | | Corporate notes/bonds | — | | | 3.6 | | | — | | | 3.6 | | | Government agencies | — | | | 0.3 | | | — | | | 0.3 | | | U.S. Treasury bills | — | | | 10.3 | | | — | | | 10.3 | | Derivative assets | — | | | 1.1 | | | — | | | 1.1 | | Deferred compensation plan(1) | 5.8 | | | — | | | — | | | 5.8 | | | Marketable equity securities | 4.5 | | | — | | | — | | | 4.5 | | | Total assets measured at fair value | $ | 10.3 | | | $ | 41.7 | | | $ | — | | | $ | 52.0 | | | | | | | | | | Liabilities: | | | | | | | | Derivative liabilities | $ | — | | | $ | 4.7 | | | $ | — | | | $ | 4.7 | | | | | | | | | | | | | | | | | | | Total liabilities measured at fair value | $ | — | | | $ | 4.7 | | | $ | — | | | $ | 4.7 | |
| | | | | | | | | | | | | | | | | | | | | | | | | Fair Value at September 30, 2022 | | (In millions) | Quoted Prices in Active Markets for Identical Assets and Liabilities (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 | | | U.S. Treasury bills | — | | | 10.2 | | | — | | | 10.2 | | | Derivative assets | — | | | 7.5 | | | — | | | 7.5 | | Deferred compensation plan(1) | 5.4 | | | — | | | — | | | 5.4 | | | Marketable equity securities | 2.5 | | | — | | | — | | | 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. Marketable Debt Securities The following tables summarize the Company's marketable debt securities: | | | | | | | | | | | | | | | | | | | | | December 30, 2022 | | (In millions) | Amortized Costs | | | | Unrealized Losses | | Fair Value | | | | | | | | | | Commercial paper | $ | 4.9 | | | | | $ | — | | | $ | 4.9 | | | Corporate notes/bonds | 3.7 | | | | | (0.1) | | | 3.6 | | | U.S. Treasury bills | 10.3 | | | | | — | | | 10.3 | | | Government agencies | 0.3 | | | | — | | | 0.3 | | | | | | | | | | | | | | | | | | Total marketable debt securities | $ | 19.2 | | | | | $ | (0.1) | | | $ | 19.1 | |
| | | | | | | | | | | | | | | | | | | | | September 30, 2022 | | (In millions) | Amortized Costs | | | | Unrealized Losses | | Fair Value | | | | | | | | | | Commercial paper | $ | 5.9 | | | | | $ | — | | | $ | 5.9 | | | Corporate notes/bonds | 3.7 | | | | | (0.1) | | | 3.6 | | | U.S. Treasury bills | 10.2 | | | | | — | | | 10.2 | | | Government agencies | 0.3 | | | | — | | | 0.3 | | | | | | | | | | | | | | | | | | Total marketable debt securities | $ | 20.1 | | | | | $ | (0.1) | | | $ | 20.0 | |
The contractual maturities of marketable debt securities as of December 30, 2022, are shown in the table below. Actual maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations. | | | | | | | | | | | | | December 30, 2022 | | (In millions) | Amortized Costs | | Fair Value | | Contractual maturities: | | | | | Due within one year | $ | 16.8 | | | $ | 16.7 | | | Due after one year through five years | 2.4 | | | 2.4 | | | | | | | | | | | | | | | | | | | Total marketable debt securities | $ | 19.2 | | | $ | 19.1 | |
During the three months ended December 30, 2022, there were no gross realized gains or losses from the sale of certain marketable debt securities that were reclassified out of accumulated other comprehensive income. The following tables summarize the balance sheet locations for marketable debt securities: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 30, 2022 | | (In millions) | Commercial paper | | Corporate notes/bonds | | Government agencies | | Treasury bills | | Total | | | | | | | | | | | | Prepaid expenses and other current assets | $ | 4.9 | | | $ | 2.4 | | | $ | 0.3 | | | $ | 9.1 | | | $ | 16.7 | | | Other assets | — | | | 1.2 | | | — | | | 1.2 | | | 2.4 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total marketable debt securities | $ | 4.9 | | | $ | 3.6 | | | $ | 0.3 | | | $ | 10.3 | | | $ | 19.1 | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | September 30, 2022 | | (In millions) | Commercial paper | | Corporate notes/bonds | | Government agencies | | Treasury bills | | Total | | Cash and cash equivalents | $ | — | | | $ | — | | | $ | — | | | $ | 3.3 | | | $ | 3.3 | | | Prepaid expenses and other current assets | 5.9 | | | 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 | | | | | | | | | | | | | | | | | | | | | |
|