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FINANCIAL DERIVATIVES AND HEDGING ACTIVITIES (Tables)
 12 Months Ended
Sep. 27, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments As of September 27, 2024, the Company had the following outstanding derivatives designated as net investment hedging instruments:
(In millions, except for number of instruments)
Number of Instruments
Notional Value
Cross currency swap contracts
2$58.7 
The following table shows the notional amounts of outstanding foreign currency contracts as of September 27, 2024:
Notional Value of Derivatives not Designated as Hedging Instruments:
(In millions of equivalent USD)Buy ContractsSell Contracts
Australian Dollar$— $2.6 
Chinese Renminbi— 31.8 
Euro— 20.7 
Indian Rupee1.2 — 
Japanese Yen7.8 — 
Mexican Peso— 1.6 
Swiss Franc3.7 — 
Philippine Peso6.8 — 
Total notional value$19.5 $56.7 
Schedule of Net Investment Hedges The following table summarizes the amount of pre-tax gain (loss) recognized from derivative instruments for the periods indicated and the line items in the accompanying statements of operations where the results are recorded for net investment hedges:
Amount of (Loss) or Gain Recognized in OCI on Derivatives
Fiscal Year Ended
Location of Gain or (Loss) Recognized in Income on Derivative (Amount Excluded from Effectiveness Testing)
Amount of Gain Recognized in Income on Derivative (Amount Excluded from Effectiveness Testing)
Fiscal Year Ended
(In millions)
202420232022202420232022
Cross currency swap contracts
$(3.9)$(4.4)$8.7 Interest expense$0.9 $0.9 $1.2 
    These derivative instruments are subject to master netting agreements giving effect to rights of offset with each counterparty. None of the balances were eligible for netting. The following table summarizes the gross fair values of derivative instruments as of the periods indicated and the line items in the accompanying Consolidated Balance Sheets where the instruments are recorded:
(In millions)
Derivative Assets and Liabilities
Derivatives Designated as Net Investment Hedges
Balance Sheet Location
20242023
Cross currency swap contracts
Prepaid expenses and other current assets$1.0 $0.7 
Cross currency swap contractsOther long-term liabilities$8.6 $4.9