Financial Instruments and Fair Value Measurements (Tables)

3 Months Ended

Jan. 01, 2022

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	January 1, 2022		October 2, 2021
Cross-currency swaps	Designated	Other long-term liabilities		286		323
Interest rate swaps	Designated	Other long-term liabilities		47		82
Interest rate swaps	Not designated	Other long-term liabilities		46		49

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
Derivative Instruments	Statements of Income Location	January 1, 2022			January 2, 2021
Cross-currency swaps	Interest expense	$	(3	)	$	(3	)
Interest rate swaps	Interest expense		13			17

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 January 1, 2022 and October 2, 2021, along with the impairment loss recognized on the fair value measurement during the period:

	As of January 1, 2022
	Level 1		Level 2		Level 3		Total		Impairment
Indefinite-lived trademarks	$	—	$	—	$	248	$	248	$	—
Goodwill		—		—		5,162		5,162		—
Definite lived intangible assets		—		—		1,919		1,919		—
Property, plant, and equipment		—		—		4,672		4,672		—
Total	$	—	$	—	$	12,001	$	12,001	$	—

	As of October 2, 2021
	Level 1		Level 2		Level 3		Total		Impairment
Indefinite-lived trademarks	$	—	$	—	$	248	$	248	$	—
Goodwill		—		—		5,192		5,192		—
Definite lived intangible assets		—		—		1,994		1,994		—
Property, plant, and equipment		—		—		4,677		4,677		1
Total	$	—	$	—	$	12,111	$	12,111	$	1