v3.26.1
LEASES (Tables)
9 Months Ended
Jun. 27, 2026
Leases [Abstract]  
Weighted-Average Remaining Lease Term and Discount Rate and Supplemental Balance Sheet Information Schedule
Supplemental balance sheet information related to the Company’s leases was as follows:
Balance Sheet LocationJune 27,
2026
June 28,
2025
September 30,
2025
Operating leases:
Right-of-use assetsOther assets$342.5 $249.3 $243.9 
Current lease liabilitiesOther current liabilities59.6 69.2 67.5 
Non-current lease liabilitiesOther liabilities317.2 198.1 192.6 
Total operating lease liabilities$376.8 $267.3 $260.1 
Finance leases:
Right-of-use assetsProperty, plant and equipment, net$10.2 $12.3 $11.7 
Current lease liabilitiesCurrent portion of debt2.0 2.1 2.0 
Non-current lease liabilitiesLong-term debt11.1 13.0 12.5 
Total finance lease liabilities$13.1 $15.1 $14.5 
Weighted-average remaining lease term and discount rate for the Company’s leases were as follows:
June 27,
2026
June 28,
2025
September 30,
2025
Weighted-average remaining lease term (in years):
Operating leases 8.15.05.2
Finance leases7.48.07.8
Weighted-average discount rate:
Operating leases7.5 %6.9 %7.0 %
Finance leases4.6 %4.6 %4.6 %
Lease Cost Components and Supplemental Cash Flow Information and Non-Cash Activity For Company's Leases Schedules
Components of lease cost were as follows:
Three Months EndedNine Months Ended
June 27,
2026
June 28,
2025
June 27,
2026
June 28,
2025
Operating lease cost (a)
$23.0 $20.8 $66.8 $60.9 
Variable lease cost5.4 6.0 16.3 16.9 
Finance lease cost
Amortization of right-of-use assets0.5 0.7 1.6 2.0 
Interest on lease liabilities0.2 0.2 0.5 0.6 
Total finance lease cost$0.7 $0.9 $2.1 $2.6 
(a)Operating lease cost includes amortization of right-of-use assets of $16.9 and $50.2 for the three and nine months ended June 27, 2026, respectively; and $16.4 and $48.4 for the three and nine months ended June 28, 2025, respectively. Short-term lease expense is excluded from operating lease cost and is not material.
Supplemental cash flow information and non-cash activity related to the Company’s leases were as follows:
Nine Months Ended
June 27,
2026
June 28,
2025
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases, net$69.0 $68.4 
Operating cash flows from finance leases0.5 0.6 
Financing cash flows from finance leases1.5 1.8 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases$169.1 $43.1 
Finance leases— 0.4 
Maturities of Operating Lease Liabilities by Fiscal Year Schedule
Maturities of lease liabilities by fiscal year for the Company’s leases as of June 27, 2026 were as follows:
YearOperating LeasesFinance Leases
2026 (remainder of the year)$24.1 $0.7 
202781.4 2.5 
202872.4 2.1 
202960.0 1.7 
203047.6 1.7 
Thereafter235.3 7.0 
Total lease payments520.8 15.7 
Less: Imputed interest(144.0)(2.6)
Total lease liabilities$376.8 $13.1 
Maturities of Finance Lease Liabilities by Fiscal Year Schedule
Maturities of lease liabilities by fiscal year for the Company’s leases as of June 27, 2026 were as follows:
YearOperating LeasesFinance Leases
2026 (remainder of the year)$24.1 $0.7 
202781.4 2.5 
202872.4 2.1 
202960.0 1.7 
203047.6 1.7 
Thereafter235.3 7.0 
Total lease payments520.8 15.7 
Less: Imputed interest(144.0)(2.6)
Total lease liabilities$376.8 $13.1