v3.26.1
FAIR VALUE MEASUREMENTS (Tables)
9 Months Ended
Jun. 27, 2026
Fair Value Disclosures [Abstract]  
Fair Value Measurements, Recurring Basis
The following table summarizes the fair value of the Company’s assets and liabilities for which disclosure of fair value is required:
 
Fair Value
Hierarchy
Level
June 27,
2026
June 28,
2025
September 30,
2025
Carrying
Amount
Estimated
Fair Value
Carrying
Amount
Estimated
Fair Value
Carrying
Amount
Estimated
Fair Value
Assets
Cash equivalentsLevel 1$5.2 $5.2 $22.8 $22.8 $25.3 $25.3 
Other
Investment securities in non-qualified retirement plan assetsLevel 133.2 33.2 32.6 32.6 32.6 32.6 
Vireo equity securities – common sharesLevel 170.9 70.9 — — — — 
Vireo equity securities – warrantLevel 310.5 10.5 — — — — 
Convertible debt investmentsLevel 323.9 23.9 27.5 27.5 24.6 24.6 
Liabilities
Debt instruments
Credit facilities – revolving loansLevel 225.0 25.0 — — — — 
Credit facilities – term loansLevel 2487.5 487.5 587.5 587.5 500.0 500.0 
Senior Notes due 2031 – 4.000%
Level 2500.0 467.5 500.0 455.0 500.0 459.4 
Senior Notes due 2032 – 4.375%
Level 2400.0 372.5 400.0 365.0 400.0 367.0 
Senior Notes due 2029 – 4.500%
Level 2450.0 439.9 450.0 434.3 450.0 437.1 
Senior Notes due 2026 – 5.250%
Level 2250.0 249.4 250.0 248.8 250.0 249.4 
Other debtLevel 2— — — — 5.2 5.2 
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation
Changes in the balance of Level 3 investments carried at fair value are presented below. There were no transfers into or out of Level 3.
Three Months EndedNine Months Ended
June 27,
2026
June 28,
2025
June 27,
2026
June 28,
2025
Fair value at beginning of period$26.2 $28.1 $24.6 $45.8 
Purchases— — 2.0 — 
Securities received as consideration for sale of business13.0 — 13.0 — 
Total realized / unrealized gains (losses) included in net earnings(10.4)— (10.4)(7.0)
Total realized / unrealized gains (losses) included in / reclassified from OCI5.6 (0.6)5.2 (0.6)
Exchange— — — (10.7)
Fair value at end of period$34.4 $27.5 $34.4 $27.5 
Summary of Allowance for Expected Credit Losses A progression of the allowance for expected credit losses on convertible debt and other investments is shown below:
Three Months EndedNine Months Ended
June 27,
2026
June 28,
2025
June 27,
2026
June 28,
2025
Balance at beginning of period$3.8 $1.9 $3.8 $1.9 
Additions to previously recognized expected credit losses16.6 — 16.6 — 
Balance at end of period$20.4 $1.9 $20.4 $1.9