COMMITMENTS AND CONTINGENCIES (Tables)

9 Months Ended

Jul. 03, 2020

Commitments and Contingencies Disclosure [Abstract]

Accrued Product Warranty

The following table reflects the changes in the Company’s accrued product warranty:

	Nine Months Ended
(In millions)	July 3, 2020		June 28, 2019
Accrued product warranty, at beginning of period	$	43.1	$	44.8
Charged to cost of revenues	46.0		41.7
Actual product warranty expenditures	(49.9)		(36.9)
Accrued product warranty, at end of period	$	39.2	$	49.6

Components of Lease Expense, Supplemental Cash Flow Information and Supplemental Balance Sheet Information

The following table summarizes the components of the Company's lease cost:

	Three Months Ended		Nine Months Ended
(In millions)	July 3, 2020		July 3, 2020
Operating lease cost	$	8.6	$	24.0
Finance lease cost:
Amortization of right-of-use assets	0.2		0.5
Interest on lease liabilities	0.1		0.4
Variable lease cost	3.7		12.4
Total lease cost	$	12.6	$	37.3

The following table summarizes the supplemental cash flow information related to the Company's operating leases:

	Nine Months Ended
(In millions)	July 3, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for leases	$	25.0

The following table summarizes supplemental balance sheet information related to the Company's operating and finance leases:

(In millions)	July 3, 2020
Operating leases:
Operating right-of-use assets	$	123.6
Accrued liabilities	$	26.2
Long-term lease liabilities	102.6
Total lease liabilities	$	128.8
Finance leases:
Property, plant, and equipment, net	$	12.0
Accrued liabilities	$	3.2
Other long-term liabilities	8.9
Total lease liabilities	$	12.1

The following table summarizes the weighted lease term and discount rate by operating and finance leases:

	July 3, 2020
Weighted average remaining lease term in years
Operating leases	7.3
Finance leases	4.4
Weighted average discount rate
Operating leases	4.9	%
Finance leases	4.0	%

Future Minimum Operating Lease Payments

As of July 3, 2020, the future minimum lease payments are as follows:

(In millions)	Operating Leases		Finance leases
Remainder of 2020	$	7.9	$	0.9
2021	29.9		3.5
2022	24.3		2.9
2023	19.2		2.9
2024	14.7		1.1
Thereafter	67.2		1.9
Total minimum lease payments	$	163.2	$	13.2
Less: imputed interest	34.4		1.1
Total lease liability	$	128.8	$	12.1

Finance Lease Liability Maturity

As of July 3, 2020, the future minimum lease payments are as follows:

(In millions)	Operating Leases		Finance leases
Remainder of 2020	$	7.9	$	0.9
2021	29.9		3.5
2022	24.3		2.9
2023	19.2		2.9
2024	14.7		1.1
Thereafter	67.2		1.9
Total minimum lease payments	$	163.2	$	13.2
Less: imputed interest	34.4		1.1
Total lease liability	$	128.8	$	12.1