v3.25.2
PROPERTY, PLANT AND EQUIPMENT
9 Months Ended
Jun. 29, 2025
Property, Plant and Equipment [Abstract]  
PROPERTY, PLANT AND EQUIPMENT PROPERTY, PLANT AND EQUIPMENT
Property, plant and equipment consist of the following:
(in millions)June 29, 2025September 30, 2024
Land, buildings and improvements$90.7 $88.2 
Machinery, equipment and other349.9 337.4 
Computer software154.7 142.6 
Finance leases133.0 141.4 
Construction in progress24.1 25.1 
Property, plant and equipment752.4 734.7 
Accumulated depreciation(502.1)(468.1)
Property, plant and equipment, net$250.3 $266.6 
Depreciation expense on property, plant and equipment for the three and nine month periods ended June 29, 2025 and June 30, 2024 is as follows.
Three Month Periods EndedNine Month Periods Ended
(in millions)June 29, 2025June 30, 2024June 29, 2025June 30, 2024
Depreciation expense$14.6 $14.1 $42.6 $42.9 
During the three and nine month period ending June 29, 2025, the Company recognized an impairment charge of $7.8 million on its finance lease for office space in Middleton, WI following the Company's exit from transition service agreements from previous divestitures and lack of sufficient sublease income to mitigate outgoing cash flow on unused components.
Deferred implementation costs for hosted cloud computing arrangements are as follows:
(in millions)June 29, 2025September 30, 2024
Deferred cloud computing costs, net$5.3 $8.3 
Reported as:
Prepaid expenses and other current assets4.5 4.3 
Deferred charges and other0.8 4.0 
Amortization expense of deferred implementation costs for hosted cloud computing costs arrangements for the three and nine month periods ended June 29, 2025 and June 30, 2024 is as follows:
Three Month Periods EndedNine Month Periods Ended
(in millions)June 29, 2025June 30, 2024June 29, 2025June 30, 2024
Amortization expense$2.2 $0.6 $5.2 $1.9