LEASES (Tables)

3 Months Ended

Dec. 30, 2023

Leases [Abstract]

Lease, Cost

The components of lease expense are as follows (in millions):

		Thirteen Week Periods Ended
	Classification	December 30, 2023		December 31, 2022
Operating lease cost	Cost of sales or selling and administrative expenses	$	5	$	5
Finance lease cost:
Amortization of leased assets	Cost of sales	3		2
Interest on lease liabilities	Interest expense-net	2		3
Total lease cost		$	10	$	10

Schedule of Cash Flow, Supplemental Disclosures

Supplemental cash flow information related to leases is as follows (in millions):

	Thirteen Week Periods Ended
	December 30, 2023		December 31, 2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases	$	5	$	5
Operating cash outflows from finance leases	3		3
Financing cash outflows from finance leases	1		1
Lease assets obtained in exchange for new lease obligations:
Operating leases	$	1	$	—
Financing leases	59		48

Leases, Supplemental Balance Sheet Information

Supplemental balance sheet information related to leases is as follows (in millions):

	Classification	December 30, 2023		September 30, 2023
Operating Leases
Operating lease right-of-use assets	Other non-current assets	$	59	$	64
Current operating lease liabilities	Accrued and other current liabilities	16		16
Long-term operating lease liabilities	Other non-current liabilities	45		51
Total operating lease liabilities		$	61	$	67
Finance Leases
Finance lease right-of-use assets, net	Property, plant and equipment-net	$	237	$	176
Current finance lease liabilities	Current portion of long-term debt	5		5
Long-term finance lease liabilities	Long-term debt	249		188
Total finance lease liabilities		$	254	$	193

As of December 30, 2023, the Company has the following remaining lease term and weighted average discount rates:

Weighted-average remaining lease term
Operating leases	5.5 years
Finance leases	21.7 years
Weighted-average discount rate
Operating leases	6.0%
Finance leases	7.0%

Lessee, Operating Lease, Liability, Maturity

Maturities of lease liabilities at December 30, 2023 are as follows (in millions):

	Operating Leases		Finance Leases
2024	$	14	$	13
2025	17		20
2026	12		20
2027	10		21
2028	5		22
Thereafter	14		444
Total future minimum lease payments	72		540
Less: imputed interest	11		286
Present value of lease liabilities reported	$	61	$	254

Finance Lease, Liability, Maturity

Maturities of lease liabilities at December 30, 2023 are as follows (in millions):

	Operating Leases		Finance Leases
2024	$	14	$	13
2025	17		20
2026	12		20
2027	10		21
2028	5		22
Thereafter	14		444
Total future minimum lease payments	72		540
Less: imputed interest	11		286
Present value of lease liabilities reported	$	61	$	254