FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

6 Months Ended

Apr. 03, 2022

Fair Value Disclosures [Abstract]

Schedule of Carrying Values and Fair Values for Financial Instruments

The carrying value and estimated fair value of financial and derivative instruments as of April 3, 2022 and September 30, 2021 according to the fair value hierarchy are as follows:

	April 3, 2022										September 30, 2021
(in millions)	Level 1		Level 2		Level 3		Fair Value		Carrying Amount		Level 1		Level 2		Level 3		Fair Value		Carrying Amount
Derivative Assets	$	—	$	8.0	$	—	$	8.0	$	8.0	$	—	$	6.8	$	—	$	6.8	$	6.8
Derivative Liabilities	—		1.7		—		1.7		1.7		—		2.5		—		2.5		2.5
Debt	—		3,198.4		—		3,198.4		3,248.4		—		2,628.2		—		2,628.2		2,506.3

Summary of Income Recognized from Equity Investments

The following is a summary of income recognized as a component of Other Non-Operating Income in the Company's Condensed Consolidated Statements of Income:

	Three Month Period Ended		Six Month Period Ended
(in millions)	April 4, 2021		April 4, 2021
Realized gain on equity investments sold	$	0.9	$	6.9
Dividend income from equity investments	—		0.2
Gain from equity investments	$	0.9	$	7.1