Financial Instruments and Fair Value Measurements (Tables)

9 Months Ended

Jun. 29, 2024

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	June 29, 2024		September 30, 2023
Cross-currency swaps	Designated	Other current liabilities		—		66
Cross-currency swaps	Designated	Other long-term liabilities		165		19
Interest rate swaps	Designated	Other long-term assets		—		36
Interest rate swaps	Designated	Other long-term liabilities		26		—
Interest rate swaps	Not designated	Other long-term assets		5		8
Interest rate swaps	Not designated	Other long-term liabilities		75		104

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						Three Quarterly Periods Ended
Derivative Instruments	Statements of Income Location	June 29, 2024			July 1, 2023			June 29, 2024			July 1, 2023
Cross-currency swaps	Interest expense	$	(8	)	$	(10	)	$	(28	)	$	(31	)
Interest rate swaps	Interest expense		(20	)		(21	)		(62	)		(38	)

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 June 29, 2024 and September 30, 2023, along with the impairment loss recognized on the fair value measurement during the period:

	As of June 29, 2024
	Level 1		Level 2		Level 3		Total		Impairment
Indefinite-lived trademarks	$	—	$	—	$	248	$	248	$	—
Goodwill		—		—		5,019		5,019		—
Definite lived intangible assets		—		—		1,291		1,291		—
Property, plant, and equipment		—		—		4,558		4,558		8
Total	$	—	$	—	$	11,116	$	11,116	$	8

	As of September 30, 2023
	Level 1		Level 2		Level 3		Total		Impairment
Indefinite-lived trademarks	$	—	$	—	$	248	$	248	$	—
Goodwill		—		—		4,981		4,981		—
Definite lived intangible assets		—		—		1,455		1,455		—
Property, plant, and equipment		—		—		4,576		4,576		8
Total	$	—	$	—	$	11,260	$	11,260	$	8