v3.25.1
Financial Instruments and Fair Value Measurements (Tables)
 6 Months Ended
Mar. 29, 2025
Financial Instruments and Fair Value Measurements [Abstract]  
Fair Value of Derivatives and Location on Consolidated Balance Sheets
The Company records the fair value positions of all derivative financial instruments on a net basis by counterparty for which a master netting arrangement is utilized. Balances on a gross basis are as follows:

Derivative Instruments
Hedge Designation
Balance Sheet Location
  
March 29, 2025
    
September 28, 2024
  
Cross-currency swaps
Not designated
Other long-term liabilities
    
52
      
—
  
Cross-currency swaps
Designated
Other long-term liabilities
    
152
      
271
  
Interest rate swaps
Designated
Other long-term assets
    
—
      
—
  
Interest rate swaps
Designated
Other long-term liabilities
    
37
      
75
  
Interest rate swaps
Not designated
Other long-term assets
    
—
      
—
  
Interest rate swaps
Not designated
Other long-term liabilities
    
45
      
62
  
Effect of Derivatives on Consolidated Statements of Income
The effect of the Company’s derivative instruments on the Consolidated Statements of Income is as follows:

   
Quarterly Period Ended
    
Two Quarterly Periods Ended
  
Derivative Instruments
 Statements of Income Location
  
March 29, 2025
    
March 30, 2024
    
March 29, 2025
    
March 30, 2024
  
Cross-currency swaps
Interest expense
  
$
(4
)
  
$
(10
)
  
$
(8
)
  
$
(20
)
Interest rate swaps
Interest expense
    
(5
)
    
(21
)
    
(11
)
    
(42
)
Cross-currency swaps
Other expense (income)
    
(25
)
    
—
      
(51
)
    
—
  
Assets Measured at Fair Value on Non-recurring Basis
Included in the following tables are the major categories of assets measured at fair value on a non-recurring basis as of March 29, 2025 and September 28, 2024, along with the impairment loss recognized on the fair value measurement during the period:

 
As of March 29, 2025
  
   
Level 1
    
Level 2
    
Level 3
    
Total
    
Impairment
  
Indefinite-lived trademarks
  
$
—
    
$
—
    
$
207
    
$
207
    
$
—
  
Goodwill
    
—
      
—
      
4,173
      
4,173
      
—
  
Definite lived intangible assets
    
—
      
—
      
970
      
970
      
—
  
Property, plant, and equipment
    
—
      
—
      
3,534
      
3,534
      
1
  
Total
  
$
—
    
$
—
    
$
8,884
    
$
8,884
    
$
1
  

 
As of September 28, 2024
  
   
Level 1
    
Level 2
    
Level 3
    
Total
    
Impairment
  
Indefinite-lived trademarks
  
$
—
    
$
—
    
$
207
    
$
207
    
$
—
  
Goodwill
    
—
      
—
      
4,295
      
4,295
      
—
  
Definite lived intangible assets
    
—
      
—
      
1,086
      
1,086
      
—
  
Property, plant, and equipment
    
—
      
—
      
3,627
      
3,627
      
8
  
Total
  
$
—
    
$
—
    
$
9,215
    
$
9,215
    
$
8