XML 58 R39.htm IDEA: XBRL DOCUMENT v3.24.3
BORROWINGS (Tables)
 12 Months Ended
Sep. 27, 2024
Debt Disclosure [Abstract]  
Schedule of Short-Term and Long-Term Debt The following table summarizes the Company's short-term and long-term debt:
September 27, 2024September 29, 2023
(In millions, except for percentages)AmountWeighted-Avg Effective Interest RateAmountWeighted-Avg Effective Interest Rate$ Change
Current maturities of long-term debt:
Convertible Senior Unsecured Notes$45.0 4.8%$— $45.0 
Other debt1.5 1.5 — 
Total current maturities of long-term debt$46.5 $1.5 $45.0 
Non-current maturities of long-term debt:
Convertible Senior Unsecured Notes(1)
$155.0 4.8%$200.0 4.8%$(45.0)
Senior Secured Notes243.0 8.2%243.0 8.2%— 
Other debt2.1 3.5 (1.4)
Total non-current maturities of long-term debt$400.1 $446.5 $(46.4)
Unamortized issuance costs and debt discounts:
Unamortized issuance costs - Convertible Notes$(1.0)$(2.5)$1.5 
Debt issuance costs - Senior Secured Notes(2.2)(2.9)0.7 
Total(3.2)(5.4)2.2 
Total debt outstanding, net$443.4 $442.6 $0.8 
(1) This amount has been excluded from current liabilities as it is supported by the Revolving Credit Facility (as defined below) and is expected to remain outstanding for an uninterrupted period extending beyond one year from the balance sheet date.
Schedule of Maturities of Long-term Debt Future principal payments of long-term debt outstanding as of September 27, 2024 are as follows:
(In millions)
Fiscal Years:
2025$201.5 
20261.4 
2027243.7 
2028— 
2029— 
Thereafter— 
Total debt outstanding$446.6 
Less: current maturities of long-term debt(46.5)
Non-current portion of long-term debt$400.1 
Schedule of Interest Expense
The following table summarizes the Company's interest expense:
Twelve Months Ended
September 27, 2024September 29, 2023September 30, 2022
Contractual interest coupon and other$26.8 $26.7 $27.6 
Amortization/extinguishment of debt issuance costs3.4 2.6 3.4 
Amortization of debt discounts— — 8.8 
Total interest expense$30.2 $29.3 $39.8