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FAIR VALUE OF FINANCIAL INSTRUMENTS
 9 Months Ended
Jun. 29, 2025
Fair Value Disclosures [Abstract]  
FAIR VALUE OF FINANCIAL INSTRUMENTS FAIR VALUE OF FINANCIAL INSTRUMENTS
The Company has not changed the valuation techniques used in measuring the fair value of any financial assets and liabilities during the year. The carrying value and estimated fair value of financial instruments as of June 29, 2025 and September 30, 2024 according to the fair value hierarchy are as follows:
June 29, 2025September 30, 2024
(in millions)Level 1Level 2Level 3Fair ValueCarrying AmountLevel 1Level 2Level 3Fair ValueCarrying Amount
Derivative Assets$— $1.3 $— $1.3 $1.3 $— $1.8 $— $1.8 $1.8 
Derivative Liabilities— 17.6 — 17.6 17.6 — 15.3 — 15.3 15.3 
Debt— 624.3 — 624.3 666.6 — 576.3 — 576.3 560.8 
The fair value measurements of the Company’s debt represent non-active market exchanged traded securities which are valued at quoted input prices that are directly observable or indirectly observable through corroboration with observable market data (Level 2). The Company's derivative instruments are valued on a recurring basis using internal models, which are based on market observable inputs, including both forward and spot prices for currencies, which are generally based on quoted or observed market prices (Level 2). See Note 7 – Debt for additional detail on outstanding debt. See Note 8 – Derivatives for additional detail on derivative assets and liabilities.
The carrying values of goodwill, intangible assets and other long-lived assets are tested annually or more frequently if an event occurs that indicates an impairment loss may have been incurred, using fair value measurements with unobservable inputs (Level 3). See Note 6 - Goodwill and Intangible Assets for additional detail.
The carrying values of cash and cash equivalents, receivables, accounts payable and short term debt approximate fair value based on the short-term nature of these assets and liabilities.