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STOCKHOLDERS' EQUITY
9 Months Ended
Jul. 03, 2020
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 July 3, 2020, approximately 1.6 million shares of VMS common stock remained available for repurchase under the November 2016 authorization. At the beginning of the third quarter of fiscal year 2020, as a precautionary measure due to the COVID-19 pandemic, the Company has paused its share repurchase program.
The Company repurchased shares of VMS common stock during the periods presented as follows:
Three Months EndedNine Months Ended
(In millions, except per share amounts)July 3,
2020
June 28,
2019
July 3,
2020
June 28,
2019
Number of shares—  0.4  0.6  1.1  
Average repurchase price per share$—  $138.90  $133.02  $123.15  
Total cost of shares repurchased$—  $48.6  $86.2  $134.2  
Accumulated Other Comprehensive Loss
The changes in accumulated other comprehensive loss by component and related tax effects are summarized as follows:
(In millions)
Net Unrealized Gains
(Losses) Defined
Benefit Pension and
Post-Retirement
Benefit Plans
Net
Unrealized
Gains (Losses)
Cash Flow
Hedging
Instruments
Cumulative
Translation
Adjustment
Accumulated
Other
Comprehensive
Loss
Balance at September 27, 2019$(61.7) $2.1  $(42.5) $(102.1) 
Other comprehensive earnings (loss) before reclassifications—  1.1  (12.2) (11.1) 
Amounts reclassified out of other comprehensive earnings (loss)2.5  (3.0) —  (0.5) 
Tax expense(0.3) 0.5  —  0.2  
Balance at July 3, 2020$(59.5) $0.7  $(54.7) $(113.5) 

(In millions)Net Unrealized Gains
(Losses) Defined
Benefit Pension and
Post-Retirement
Benefit Plans
Net
Unrealized
(Losses)
Cash Flow
Hedging
Instruments
Cumulative
Translation
Adjustment
Accumulated
Other
Comprehensive Loss
Balance at September 28, 2018$(35.2) $—  $(30.1) $(65.3) 
Other comprehensive loss before reclassifications—  (0.3) (4.8) (5.1) 
Amounts reclassified out of other comprehensive earnings1.1  —  —  1.1  
Tax expense(0.2) —  —  (0.2) 
Balance at June 28, 2019$(34.3) $(0.3) $(34.9) $(69.5) 
The amounts reclassified, before taxes, out of other comprehensive earnings (loss) into the Condensed Consolidated Statements of Earnings, with line item location, during each period were as follows: 

(In millions)Three Months EndedNine Months Ended
Other Comprehensive Earnings (Loss) ComponentsJuly 3,
2020
June 28,
2019
July 3,
2020
June 28,
2019
Line Item in Statements of Earnings
Unrealized loss on defined benefit pension and post-retirement benefit plans$(0.8) $(0.4) $(2.5) $(1.1) Other income, net
Unrealized earnings on cash flow hedging instruments1.1  —  3.0  —  Revenues
Total amounts reclassified out of other comprehensive earnings (loss)$0.3  $(0.4) $0.5  $(1.1)