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Fair Value (Tables)
 12 Months Ended
Sep. 27, 2019
Fair Value Disclosures [Abstract]  
Assets and Liabilities Measured at Fair Value on a Recurring Basis
In the tables below, the Company has segregated all assets and liabilities that are measured at fair value on a recurring basis into the most appropriate level within the fair value hierarchy based on the inputs used to determine the fair value at the measurement date.
 
 
Fair Value Measurement at September 27, 2019
Type of Instruments
 
Quoted Prices in
Active Markets
for Identical Instruments
(Level 1)
 
Significant Other
Observable Inputs
(Level 2)
 
Significant
Unobservable Inputs
(Level 3)
 
Total
Balance
(In millions)
 
 
 
 
 
 
 
 
Assets:
 
 
 
 
 
 
 
 
Cash equivalents:
 
 
 
 
 
 
 
 
Money market funds
 
$
0.2

 
$
—

 
$
—

 
$
0.2

Available-for- sale securities: (1)
 
 
 
 
 
 
 
 
MPTC Series B-1 Bonds
 
—

 
27.1

 
—

 
27.1

MPTC Series B-2 Bonds
 
—

 
25.1

 
—

 
25.1

APTC securities
 
—

 
6.6

 
—

 
6.6

Derivative assets
 
—

 
2.8

 
—

 
2.8

Total assets measured at fair value
 
$
0.2

 
$
61.6

 
$
—

 
$
61.8

 
 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
 
Contingent consideration
 
$
—

 
$
—

 
$
(75.3
)
 
$
(75.3
)
Total liabilities measured at fair value
 
$
—

 
$
—

 
$
(75.3
)
 
$
(75.3
)

(1) Included in other assets on the Company's Consolidated Balance Sheets, except for amounts related to short-term interest receivable.

 
 
Fair Value Measurements at September 28, 2018
Type of Instruments
 
Quoted Prices in
Active Markets
for Identical Instruments
(Level 1)
 
Significant Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
 
Total
Balance
(In millions)
 
 
 
 
 
 
 
 
Assets:
 
 
 
 
 
 
 
 
Cash equivalents:
 
 
 
 
 
 
 
 
Money market funds
 
$
44.1

 
$
—

 
$
—

 
$
44.1

Available-for- sale securities:
 
 
 
 
 
 
 
 
MPTC Series B-1 Bonds (2)
 
—

 
25.1

 
—

 
25.1

MPTC Series B-2 Bonds (1)
 
—

 
23.1

 
—

 
23.1

APTC securities (2)
 
—

 
6.4

 
—

 
6.4

GPTC securities (2)
 
—

 
7.9

 
—

 
7.9

Total assets measured at fair value
 
$
44.1

 
$
62.5

 
$
—

 
$
106.6

 
 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
 
Contingent consideration
 
$
—

 
$
—

 
$
(24.4
)
 
$
(24.4
)
Total liabilities measured at fair value
 
$
—

 
$
—

 
$
(24.4
)
 
$
(24.4
)
(1) 
Included in other assets on the Company's Consolidated Balance Sheets.
(2) 
Included in prepaid and other current assets on the Company's Consolidated Balance Sheets because the Company had the ability and intent to sell this security in the next twelve months.
Reconciliation for Assets Measured and Recorded at Fair Value on Recurring Basis; Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation
The following table presents the reconciliation for all assets and liabilities measured and recorded at fair value on a recurring basis using significant unobservable inputs (Level 3):
(In millions)
 
Available-for-Sale Securities
 
Contingent
Consideration
Balance at September 29, 2017
 
$
47.4

 
$
—

Additions
 
—

 
(24.9
)
Reclassification of Original CPTC Loans to Term Loan
 
(47.4
)
 
—

Settlements
 
—

 
0.5

Balance at September 28, 2018
 
—

 
(24.4
)
Additions
 
—

 
(45.4
)
Measurement period adjustments to a business combination in prior year
 
—

 
11.6

Settlements
 
—

 
1.0

Adjustments due to the effect of foreign exchange
 
—

 
0.5

Change in fair value recognized in earnings
 
—

 
(18.6
)
Balance at September 27, 2019
 
$
—

 
$
(75.3
)
Reconciliation for Liabilities Measured and Recorded at Fair Value on Recurring Basis
The following table presents the reconciliation for all assets and liabilities measured and recorded at fair value on a recurring basis using significant unobservable inputs (Level 3):
(In millions)
 
Available-for-Sale Securities
 
Contingent
Consideration
Balance at September 29, 2017
 
$
47.4

 
$
—

Additions
 
—

 
(24.9
)
Reclassification of Original CPTC Loans to Term Loan
 
(47.4
)
 
—

Settlements
 
—

 
0.5

Balance at September 28, 2018
 
—

 
(24.4
)
Additions
 
—

 
(45.4
)
Measurement period adjustments to a business combination in prior year
 
—

 
11.6

Settlements
 
—

 
1.0

Adjustments due to the effect of foreign exchange
 
—

 
0.5

Change in fair value recognized in earnings
 
—

 
(18.6
)
Balance at September 27, 2019
 
$
—

 
$
(75.3
)