COMMITMENTS AND CONTINGENCIES (Tables)

3 Months Ended

Jan. 01, 2021

Commitments and Contingencies Disclosure [Abstract]

Accrued Product Warranty

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

	Three Months Ended
(In millions)	January 1, 2021		January 3, 2020
Accrued product warranty, at beginning of period	$	38.9	$	43.2
Charged to cost of revenues	16.7		20.8
Actual product warranty expenditures	(16.8)		(17.8)
Accrued product warranty, at end of period	$	38.8	$	46.2

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
(In millions)	January 1, 2021		January 3, 2020
Operating lease cost	$	8.6	$	7.8
Finance lease cost:
Amortization of right-of-use assets	0.2		0.1
Interest on lease liabilities	0.1		0.1
Variable lease cost	3.7		4.5
Total lease cost	$	12.6	$	12.5

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

	Three Months Ended
(In millions)	January 1, 2021		January 3, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for leases	$	8.7	$	8.8

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

	January 1,		October 2,
(In millions)	2021		2020
Operating leases:
Operating right-of-use assets	$	119.5	$	121.0
Accrued liabilities	$	27.2	$	27.2
Long-term lease liabilities	101.7		101.1
Total lease liabilities	$	128.9	$	128.3
Finance leases:
Property, plant, and equipment, net	$	10.6	$	11.5
Accrued liabilities	$	3.1	$	3.4
Other long-term liabilities	8.5		8.7
Total lease liabilities	$	11.6	$	12.1

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

	January 1, 2021
Weighted average remaining lease term in years
Operating leases	7.0
Finance leases	4.0
Weighted average discount rate
Operating leases	4.9	%
Finance leases	3.9	%

Future Minimum Operating Lease Payments

As of January 1, 2021, the future minimum lease payments are as follows:

(In millions)	Operating Leases		Finance leases
Remainder of 2021	$	25.3	$	2.9
2022	28.3		3.3
2023	22.4		3.3
2024	16.3		1.3
2025	12.9		0.8
Thereafter	56.8		0.9
Total minimum lease payments	$	162.0	$	12.5
Less: imputed interest	33.1		0.9
Total lease liability	$	128.9	$	11.6

Finance Lease Liability Maturity

As of January 1, 2021, the future minimum lease payments are as follows:

(In millions)	Operating Leases		Finance leases
Remainder of 2021	$	25.3	$	2.9
2022	28.3		3.3
2023	22.4		3.3
2024	16.3		1.3
2025	12.9		0.8
Thereafter	56.8		0.9
Total minimum lease payments	$	162.0	$	12.5
Less: imputed interest	33.1		0.9
Total lease liability	$	128.9	$	11.6

Restructuring and Related Costs

The table below shows the activity of the 2020 Restructuring plan:

(in millions)	October 2, 2020		Restructuring Charges		Cash Payments		January 1, 2021
2020 Restructuring plan	$	6.7	$	0.7	$	(3.0)	$	4.4