v3.26.1
Fair Value
 9 Months Ended
Jun. 27, 2026
Fair Value Disclosures [Abstract]  
Fair Value Fair Value
Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Depending on the nature of the asset or liability, various techniques and assumptions can be used to estimate fair value. The definition of the fair value hierarchy is as follows:

Level 1 – Quoted prices in active markets for identical assets and liabilities.

Level 2 – Observable inputs other than quoted prices in active markets for similar assets and liabilities.

Level 3 – Inputs for which significant valuation assumptions are unobservable in a market and therefore value is based on the best available data, some of which is internally developed and considers risk premiums that a market participant would require.

Our derivatives are valued using various pricing models or discounted cash flow analyses that incorporate observable market data, such as interest rate yield curves and currency rates, and are classified as Level 2 within the valuation hierarchy.

The following table presents the fair values and classification of our financial assets and liabilities measured on a recurring basis, all of which are classified as Level 2, except for the acquisition contingent consideration, which is classified as Level 3:
Balance Sheets locationJune 27,
2026		September 27,
2025
Foreign currency contractsOther current assets$12 $250 
Foreign currency contractsOther assets147 39 
Total assets$159 $289 
Foreign currency contractsAccrued liabilities and other$1,685 $1,502 
Foreign currency contractsOther long-term liabilities168 8 
Acquisition contingent considerationAccrued liabilities and other— 473 
Total liabilities$1,853 $1,983 
The changes in financial liabilities classified as Level 3 within the fair value hierarchy are as follows:
Three Months EndedNine Months Ended
June 27,
2026		June 28,
2025		June 27,
2026		June 28,
2025
Balance at beginning of period$— $873 $473 $2,839 
Increase in earn out provisions— — — 76 
Settlements paid in cash— (200)(473)(2,242)
Balance at end of period$— $673 $— $673 
Our only financial instrument for which the gross carrying value differs from its fair value is long-term debt. At June 27, 2026, the fair value of long-term debt was $903,493 compared to its gross carrying value of $919,000. The fair value of long-term debt is classified as Level 2 within the fair value hierarchy and was estimated based on quoted market prices.