XML 45 R32.htm IDEA: XBRL DOCUMENT v3.25.1
DERIVATIVES (Tables)
6 Months Ended
Mar. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Outstanding Notional Balances and Maturities of Derivative Instruments
The following summarizes outstanding notional balances and maturities of derivative instruments as of March 30, 2025 and September 30, 2024.
March 30, 2025September 30, 2024
(in millions)Notional BalanceMaturities thruNotional BalanceMaturities thru
Foreign exchange contracts - cash flow hedges$336.5 September 2026$351.7 June 2026
Foreign exchange contracts - not designated as hedge$475.0 April 2025466.9 October 2024
Schedule of Fair Value of Outstanding Derivative Instruments
The following summarizes the fair value and location of outstanding derivative instruments in the Condensed Consolidated Statements of Financial Position.
(in millions)Line ItemMarch 30, 2025September 30, 2024
Derivative Assets
Foreign exchange contracts – cash flow hedgesOther receivables$1.7 $1.4 
Foreign exchange contracts – cash flow hedgesDeferred charges and other0.2 0.1 
Foreign exchange contracts – not designated as hedgeOther receivables1.6 0.3 
Total Derivative Assets$3.5 $1.8 
Derivative Liabilities
Foreign exchange contracts – cash flow hedgesAccounts payable$5.0 $11.5 
Foreign exchange contracts – cash flow hedgesOther long term liabilities0.5 1.4 
Foreign exchange contracts – not designated as hedgeAccounts payable0.2 2.4 
Total Derivative Liabilities$5.7 $15.3 
Schedule of Pre-Tax Gain (Loss) from Derivative Instruments and Location in Condensed Consolidated Statements of Income
The following summarizes the pre-tax gain (loss) from derivative instruments and location in the Condensed Consolidated Statements of Income for the three and six month periods ended March 30, 2025 and March 31, 2024, respectively.
Three Month Periods EndedSix Month Periods Ended
(in millions)Line ItemMarch 30, 2025March 31, 2024March 30, 2025March 31, 2024
Foreign exchange contracts - cash flow hedgesNet sales$— $0.1 $— $0.1 
Foreign exchange contracts - cash flow hedges Cost of goods sold1.2 (4.9)0.5 (10.0)
Foreign exchange contracts - not designated as hedgeOther non-operating expense, net8.7 5.5 5.4 (7.6)