v3.22.4
FAIR VALUE (Tables)
 3 Months Ended
Dec. 30, 2022
Fair Value Disclosures [Abstract]  
Fair Value, 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 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 securities4.5 — — 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 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 $— $0.3 
(1) The assets held under the Company's deferred compensation plan are classified in Level 1 as they relate primarily to publicly traded mutual funds for which there are observable market prices in active markets.
Fair Value, Assets Measured on Recurring Basis In the tables below, the Company has segregated all assets and liabilities that are measured at fair value on a recurring basis into the most appropriate level within the fair value hierarchy based on the inputs used to determine the fair value at the measurement date.
Fair Value at December 30, 2022
(In millions)
Quoted Prices in Active Markets for Identical Assets and Liabilities
(Level 1)
Significant Other
Observable Inputs
(Level 2)
Significant Unobservable Inputs
(Level 3)
Total
Assets:
Money market funds$— $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 securities4.5 — — 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 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 tables summarize the Company's marketable debt securities:
December 30, 2022
(In millions)Amortized CostsUnrealized LossesFair Value
Commercial paper$4.9 $— $4.9 
Corporate notes/bonds3.7 (0.1)3.6 
U.S. Treasury bills10.3 — 10.3 
Government agencies0.3— 0.3
Total marketable debt securities$19.2 $(0.1)$19.1 
September 30, 2022
(In millions)Amortized CostsUnrealized LossesFair Value
Commercial paper$5.9 $— $5.9 
Corporate notes/bonds3.7 (0.1)3.6 
U.S. 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 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 CostsFair Value
Contractual maturities:
Due within one year$16.8 $16.7 
Due after one year through five years2.4 2.4 
Total marketable debt securities$19.2 $19.1 
The following tables summarize the balance sheet locations for marketable debt securities:
December 30, 2022
(In millions)Commercial paperCorporate notes/bondsGovernment agenciesTreasury billsTotal
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 $19.1 
September 30, 2022
(In millions)Commercial paperCorporate notes/bondsGovernment agenciesTreasury billsTotal
Cash and cash equivalents$— $— $— $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