RECEIVABLES (Tables)

3 Months Ended

Jan. 01, 2021

Receivables [Abstract]

Schedule of Trade and Unbilled Receivables, Net and Notes Receivable

The following table summarizes the Company's trade and unbilled receivables, net, and long-term notes receivable:

(In millions)	January 1, 2021		October 2, 2020
Trade and unbilled receivables, gross	$	1,189.4	$	1,198.1
Allowance for credit losses	(61.2)		(58.3)
Trade and unbilled receivables, net	$	1,128.2	$	1,139.8
Short-term	$	1,029.3	$	1,066.1
Long-term (1)	$	98.9	$	73.7
Short-term notes receivable (1)	$	11.8	$	11.8
Long-term notes receivable (1) (2)	$	37.5	$	36.7

(1)Short-term notes receivables are included in prepaid and other assets and long-term receivables are included in other assets on the Company's Condensed Consolidated Balance Sheets.

(2)Balances include accrued interest and are recorded in other assets on the Company's Condensed Consolidated Balance Sheets.

Accounts Receivable, Allowance for Credit Loss

The following is a rollforward of the allowance for credit losses on the Company's trade and unbilled receivables:

	Three Months Ended
(In millions)	January 1, 2021
Balance at October 2, 2020	$	(58.3)
Cumulative effect adjustment for adoption of ASU 2016-13 (1)	(3.4)
Provision for expected credit losses	(1.5)
Recoveries (write-offs)	2.0
Balance at January 1, 2021	$	(61.2)

(1)Effective October 3, 2020, the Company adopted ASC 2016-13 using the modified retrospective method. Please see Note 1, "Summary of Significant Accounting Policies," for more information.