FAIR VALUE MEASUREMENTS |
6 Months Ended |
|---|---|
Mar. 29, 2025 | |
| Fair Value Disclosures [Abstract] | |
| FAIR VALUE MEASURMENTS | 6. FAIR VALUE MEASUREMENTS Accounting standards establish three levels of inputs that may be used to measure fair value: quoted prices in active markets for identical assets or liabilities (referred to as Level 1), inputs other than Level 1 that are observable for the asset or liability either directly or indirectly (referred to as Level 2) and unobservable inputs to the valuation methodology that are significant to the measurement of fair value of assets or liabilities (referred to as Level 3). Assets and Liabilities Measured and Recorded at Fair Value on a Recurring Basis We measure certain financial assets and liabilities as described in Note 4: Cash, Cash Equivalents, and Short-Term Investments and Note 5: Equity Investments at fair value on a recurring basis. There were no transfers between fair value measurement levels during the three and six months ended March 29, 2025. Fair Value Measurements on a Nonrecurring Basis Our non-financial assets such as intangible assets and property, plant and equipment are carried at cost unless impairment is deemed to have occurred. Please refer to Note 3: Goodwill and Intangible Assets for further information on the fair value measurement of assets relating to the intended cessation of the EA equipment business. Fair Value of Financial Instruments Amounts reported as accounts receivables, prepaid expenses and other current assets, accounts payable and accrued expenses approximate fair value.
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