v3.25.1
Derivatives (Tables)
 6 Months Ended
Mar. 29, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Instruments, Gain (Loss)
Three Months EndedSix Months Ended
March 29, 2025March 30, 2024March 29, 2025March 30, 2024
Amount of realized gain (loss) recognized in income
Forward foreign currency contracts$4.0 $0.6 $4.3 $1.8 
$4.0 $0.6 $4.3 $1.8 
Amount of unrealized gain (loss) recognized in income
Forward foreign currency contracts$(6.9)$6.8 $15.5 $(5.8)
Foreign currency option contracts(0.4)— (0.8)— 
$(7.3)$6.8 $14.7 $(5.8)
Amount of gain (loss) recognized in income
Total$(3.3)$7.4 $19.0 $(4.0)
Schedule of Derivative Assets at Fair Value
The table below presents the fair value of the Company’s derivative financial instruments as well as their classification on the balance sheet as of March 29, 2025:

Balance Sheet LocationMarch 29, 2025September 28, 2024
Assets:
Derivative instruments designated as a cash flow hedge:
Interest rate swap contractsPrepaid expenses and other current assets$4.7 $3.1 
Interest rate swap contractsOther assets1.2 — 
$5.9 $3.1 
Derivatives not designated as hedging instruments:
Forward foreign currency contractsPrepaid expenses and other current assets$3.1 $— 
Foreign currency option contractsPrepaid expenses and other current assets— 0.8 
$3.1 $0.8 
Liabilities:
Derivative instruments designated as a cash flow hedge:
Interest rate swap contractOther long-term liabilities$— $0.2 
Derivatives not designated as hedging instruments:
Forward foreign currency contractsAccrued expenses$0.2 $12.6 
Schedule of Unrealized Loss Recognized in AOCI
The following table presents the unrealized gain (loss) recognized in AOCI related to interest rate swaps for the following reporting periods:

Three Months EndedSix Months Ended
March 29, 2025March 30, 2024March 29, 2025March 30, 2024
Amount of gain (loss) recognized in other comprehensive income, net of taxes:
Interest rate swaps$(2.7)$4.6 $2.2 $(9.6)
Total$(2.7)$4.6 $2.2 $(9.6)