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STOCKHOLDERS' EQUITY
6 Months Ended
Mar. 29, 2019
Equity [Abstract]  
STOCKHOLDERS’ EQUITY STOCKHOLDERS’ EQUITY
Share Repurchase Program
In November 2016, the VMS Board of Directors authorized the repurchase of an additional 8.0 million shares of VMS common stock commencing on January 1, 2017. Share repurchases under the Company's authorizations may be made in open market purchases, in privately negotiated transactions (including accelerated share repurchase programs), or under Rule 10b5-1 share repurchase plans, and may be made from time to time in one or more blocks. All shares that were repurchased under the Company's share repurchase programs have been retired. As of March 29, 2019, approximately 2.9 million shares of VMS common stock remained available for repurchase under the November 2016 authorization.
The Company repurchased shares of VMS common stock during the periods presented as follows:
 
Three Months Ended
 
Six Months Ended
(In millions, except per share amounts)
March 29,
2019
 
March 30,
2018
 
March 29,
2019
 
March 30,
2018
Number of shares
0.4

 
0.3

 
0.7

 
0.8

Average repurchase price per share
$
120.89

 
$
110.52

 
$
115.71

 
$
109.06

Total cost
$
50.8

 
$
36.0

 
$
85.6

 
$
92.7


Accumulated Other Comprehensive Loss
The changes in accumulated other comprehensive loss by component and related tax effects are summarized as follows:
(In millions)
Net Unrealized Gains
(Losses) Defined
Benefit Pension and
Post-Retirement
Benefit Plans
 
Cumulative
Translation
Adjustment
 
Accumulated
Other
Comprehensive
Loss
Balance at September 28, 2018
$
(35.2
)
 
$
(30.1
)
 
$
(65.3
)
Other comprehensive loss before reclassifications

 
(7.1
)
 
(7.1
)
Amounts reclassified out of other comprehensive earnings
0.7

 

 
0.7

Tax expense
(0.1
)
 

 
(0.1
)
Balance at March 29, 2019
$
(34.6
)
 
$
(37.2
)
 
$
(71.8
)
(In millions)
Net Unrealized Gains
(Losses) Defined
Benefit Pension and
Post-Retirement
Benefit Plans
 
Net
Unrealized
Gains
(Losses)
Cash Flow
Hedging
Instruments
 
Cumulative
Translation
Adjustment
 
Accumulated
Other
Comprehensive Loss
Balance at September 29, 2017
$
(44.1
)
 
$

 
$
(24.7
)
 
$
(68.8
)
Other comprehensive earnings (loss) before reclassifications

 
(0.9
)
 
9.7

 
8.8

Amounts reclassified out of other comprehensive earnings (loss)
0.9

 
0.9

 

 
1.8

Tax expense
(0.2
)
 

 

 
(0.2
)
Balance at March 30, 2018
$
(43.4
)
 
$

 
$
(15.0
)
 
$
(58.4
)

The amounts reclassified out of other comprehensive earnings (loss) into the Condensed Consolidated Statements of Earnings (Loss), with line item location, during each period were as follows: 
 
Three Months Ended
 
Six Months Ended
 
 
 (In millions)
March 29,
2019
 
March 30,
2018
 
March 29,
2019
 
March 30,
2018
 
 
Comprehensive Earnings (Loss) Components
Loss Before Taxes
 
Loss Before Taxes
 
Line Item in Statements of Earnings (Loss)
Unrealized loss on defined benefit pension and post-retirement benefit plans
$
(0.3
)
 
$
(0.5
)
 
$
(0.7
)
 
$
(0.9
)
 
Other income (expense), net
Unrealized loss on cash flow hedging instruments

 
(1.0
)
 

 
(0.9
)
 
Revenues
Total amounts reclassified out of other comprehensive earnings (loss)
$
(0.3
)
 
$
(1.5
)
 
$
(0.7
)
 
$
(1.8
)