Financial Instruments and Fair Value Measurements (Tables)

6 Months Ended

Mar. 28, 2020

Financial Instruments and Fair Value Measurements [Abstract]

Fair Value of Derivatives and Location on Consolidated Balance Sheets

The Company records the fair value positions of all derivative financial instruments on a net basis by counterparty for which a master netting arrangement is utilized. Balances on a gross basis are as follows:

Derivative Instruments	Hedge Designation	Balance Sheet Location	March 28, 2020		September 28, 2019
Cross-currency swaps	Designated	Other assets	$	5	$	88
Cross-currency swaps	Designated	Other long-term liabilities		101		—
Interest rate swaps	Designated	Other long-term liabilities		208		81

Effect of Derivatives on Consolidated Statements of Income

The effect of the Company's derivative instruments on the Consolidated Statements of Income is as follows:

		Quarterly Period Ended						Two Quarterly Periods Ended
Derivative Instruments	Statements of Income Location	March 28, 2020			March 30, 2019			March 28, 2020			March 30, 2019
Cross-currency swaps	Interest expense, net	$	(1	)	$	(1	)	$	(3	)	$	(3	)
Foreign exchange forward contracts	Other expense, net		—			18			—			18
Interest rate swaps	Interest expense, net		17			(5	)		34			(9	)

Assets Measured at Fair Value on Non-recurring Basis

Included in the following table are the major categories of assets measured at fair value on a non-recurring basis as of March 28, 2020 and September 28, 2019, along with the impairment loss recognized on the fair value measurement during the period:

	As of March 28, 2020
	Level 1		Level 2		Level 3		Total		Impairment
Indefinite-lived trademarks	$	—	$	—	$	248	$	248	$	—
Goodwill		—		—		5,162		5,162		—
Definite lived intangible assets		—		—		2,358		2,358		—
Property, plant, and equipment		—		—		4,467		4,467		2
Total	$	—	$	—	$	12,235	$	12,235	$	2

	As of September 28, 2019
	Level 1		Level 2		Level 3		Total		Impairment
Indefinite-lived trademarks	$	—	$	—	$	248	$	248	$	—
Goodwill		—		—		5,051		5,051		—
Definite lived intangible assets		—		—		2,532		2,532		—
Property, plant, and equipment		—		—		4,714		4,714		8
Total	$	—	$	—	$	12,545	$	12,545	$	8