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DEBT
 9 Months Ended
Jun. 27, 2026
Debt Disclosure [Abstract]  
Debt Disclosure [Text Block] Debt
Long-term debt consisted of the following:
 As of
 June 27,
2026		September 27,
2025
 (In thousands)
Term Loan Due 2027, net of issuance costs$— $300,474 
Term Loan A, net of issuance costs1,382,295 — 
Term Loan B, net of issuance costs790,015 — 
Total long-term debt2,172,310 300,474 
Less: Current portion
Term Loan Due 2027— 17,500 
Term Loan A175,000 $— 
Term Loan B40,000 $— 
Long-term portion$1,957,310 $282,974 
Term Loan maturities by fiscal year are as follows:

As of
June 27,
2026
(In thousands)
Remainder of 2026$86,000 
2027172,000 
2028312,000 
2029312,000 
2030444,000 
2031242,000 
2032 and thereafter632,000 
$2,200,000 

On October 27, 2025, the Term Loan Due 2027 was fully repaid and the bridge loan facility that was secured to temporarily finance the acquisition was terminated in its entirety.

On July 29, 2025, the Company entered into a credit agreement (the “New Credit Facility”) that provided for senior secured credit facilities in an aggregate of $3.5 billion, consisting of a $1.5 billion revolving credit facility and a $2.0 billion senior secured term loan A facility (“Term Loan A”).

The New Credit Facility provides that loans under the Revolving Credit Facility and Term Loan A will bear interest at the Company’s option, at either the SOFR or a base rate, in each case plus a spread determined based on the Company’s total net leverage ratio with applicable margins ranging from 1.375% to 2% for term SOFR loans and from 0.375% to 1% for base rate loans. Interest on loans is payable quarterly in arrears with respect to base rate loans and at the end of an interest period in the case of SOFR loans. The outstanding aggregate principal amount, together with any accrued and unpaid interest, is due on October 27, 2030. The Company is required to repay a portion of the aggregate principal amount of such facility equal to the following percentages in quarterly installments. From the initial funding date through the second anniversary the Company will repay 2.5% of the principal in quarterly installments. After the second anniversary through the fourth anniversary the Company will repay 5% of the principal in quarterly installments. After the fourth anniversary through the maturity date, the Company will repay 10% of the principal in quarterly installments with the remaining balance due on the maturity date. The obligations under the New Credit Facility are secured by first-priority liens on substantially all of the assets of the Company and the subsidiary guarantors, subject to certain exceptions and thresholds.

On October 27, 2025, the Company executed an amendment to increase the New Credit Facility to include an $800 million senior secured term loan B facility (“Term Loan B”). On May 27, 2026, the Company executed a subsequent amendment to reduce the Term Loan B interest rate to either SOFR plus 1.75% or base rate plus 0.75%. The outstanding principal amount of Term Loan B, together with accrued and unpaid interest, is due on October 27, 2032. The Company is required to repay 1% of the original principal amount of Term Loan B in quarterly installments with the remaining outstanding principal balance due on the maturity date.

As of June 27, 2026, there were $2.2 billion of loans outstanding under the New Credit Facility. Additionally, $12 million in letters of credit were outstanding. Under the New Credit Facility, the Company has $600 million available to borrow under Term Loan A and $1.5 billion available to borrow under the revolving credit facility.

Foreign Short-term Borrowing Facilities

As of June 27, 2026, certain of the Company’s foreign subsidiaries had a total of $71 million of uncommitted short-term borrowing facilities available, under which no borrowings were outstanding.

Debt Covenants

The New Credit Facility requires the Company to comply with certain financial covenants, namely (i) a minimum consolidated cash interest coverage ratio of not less than 3.00 to 1.00 and (ii) a maximum consolidated total net leverage ratio of not greater than 4.00 to 1.00, in each case, measured at the end of each fiscal quarter of the Company on the basis of a trailing 12-month look-back period. In addition, the New Credit Facility requires the Company to comply with customary affirmative and negative covenants which limit the ability of the Company and its subsidiaries to, among other things, incur debt, grant
liens, make investments, make certain restricted payments, prepay subordinated indebtedness and sell assets, subject to certain exceptions and baskets. The New Credit Facility also includes covenants that require the Company to file quarterly and annual financial statements with the SEC on a timely basis. The Company was in compliance with these covenants as of June 27, 2026.