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DERIVATIVES (Tables)
 6 Months Ended
Apr. 03, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Summary of Impact of Designated Hedges and Gain (Loss)
The following table summarizes the impact of designated cash flow hedges and the pre-tax gain (loss) recognized in the Condensed Consolidated Statements of Income for the three and six month periods ended April 3, 2022 and April 4, 2021, respectively:
Gain in OCIReclassified Gain (Loss) to Continuing Operations
For the three month periods ended (in millions)April 3, 2022April 4, 2021Line ItemApril 3, 2022April 4, 2021
Foreign exchange contracts$0.1 $0.1 Net sales$— $0.1 
Foreign exchange contracts4.7 5.2 Cost of goods sold1.5 (3.2)
Total$4.8 $5.3 $1.5 $(3.1)
Gain (Loss) in OCIReclassified Gain (Loss) to Continuing Operations
For the six month periods ended (in millions)
April 3, 2022April 4, 2021Line ItemApril 3, 2022April 4, 2021
Foreign exchange contracts$0.1 $0.1 Net sales$— $— 
Foreign exchange contracts3.9 (8.1)Cost of goods sold3.6 (5.8)
Total$4.0 $(8.0)$3.6 $(5.8)
The following summarizes the gain (loss) from the net investment hedge recognized in Other Comprehensive Income for the three and six month periods ended April 3, 2022 and April 4, 2021, pre-tax:
Three Month Periods EndedSix Month Periods Ended
Gain (loss) in OCI (in millions)April 3, 2022April 4, 2021April 3, 2022April 4, 2021
Net investment hedge$11.9 $20.1 $22.5 $(1.4)
Summary of Impact of Derivative Instruments
The following summarizes the impact of derivative instruments on the accompanying Condensed Consolidated Statements of Income for the three and six month periods ended April 3, 2022 and April 4, 2021, pre-tax:
Three Month Periods EndedSix Month Periods Ended
(in millions)Line ItemApril 3, 2022April 4, 2021April 3, 2022April 4, 2021
Foreign exchange contractsOther non-operating expense (income)$0.2 $(4.6)$(0.9)$(8.5)
Schedule of Fair Value of Outstanding Derivative Instruments
The fair value of the Company’s outstanding derivative contracts recorded in the Condensed Consolidated Statements of Financial Position is as follows:
(in millions)Line ItemApril 3, 2022September 30, 2021
Derivative Assets
Foreign exchange contracts – designated as hedgeOther receivables$7.4 $5.2 
Foreign exchange contracts – designated as hedgeDeferred charges and other0.1 0.9 
Foreign exchange contracts – not designated as hedgeOther receivables0.5 0.7 
Total Derivative Assets$8.0 $6.8 
Derivative Liabilities
Foreign exchange contracts – designated as hedgeAccounts payable$0.4 $0.1 
Foreign exchange contracts – designated as hedgeOther long term liabilities0.1 — 
Foreign exchange contracts – not designated as hedgeAccounts payable1.2 2.4 
Total Derivative Liabilities$1.7 $2.5