Retirement Plans (Tables)

12 Months Ended

Sep. 26, 2014

Retirement Plans [Line Items]

Schedule of Funded Status of the Defined Benefit Pension and Post-Retirement Benefit Plans

The following table presents the funded status of the defined benefit pension and post-retirement benefit plans:

	Defined Benefit Plans						Post-Retirement Benefit Plan
(In millions)	September 26, 2014			September 27, 2013			September 26, 2014			September 27, 2013
Change in benefit obligation:
Benefit obligation - beginning of fiscal year	$	195.7		$	181.1		$	4.8		$	5.6
Service cost		4.1			4.8			-		-
Interest cost		6.1			5.2			0.2			0.2
Plan participants’ contributions		7.8			10.9			-		-
Plan amendment		-			0.5			(3.3	)	-
Plan settlement		(7.8	)		(4.7	)		-		-
Actuarial (gain) loss		14.2			(0.7	)		0.2			(0.5	)
Foreign currency changes		(7.7	)		3.2			-		-
Benefit and expense payments		(4.8	)		(4.6	)		(0.5	)		(0.5	)
Benefit obligation - end of fiscal year	$	207.6		$	195.7		$	1.4		$	4.8
Change in plan assets:
Plan assets - beginning of fiscal year	$	180.8		$	142.6		$	-		$	-
Employer contributions		7.2			22.2			0.5			0.5
Actual return on plan assets		11.8			11.6			-		-
Plan participants’ contributions		7.8			10.9			-		-
Plan settlement		(7.8	)		(4.7	)		-		-
Foreign currency changes		(6.4	)		2.8			-		-
Benefit and expense payments		(4.8	)		(4.6	)		(0.5	)		(0.5	)
Plan assets - end of fiscal year	$	188.6		$	180.8		$	-		$	-
Funded status	$	(19.0	)	$	(14.9	)	$	(1.4	)	$	(4.8	)
Amounts recognized within the consolidated balance sheet:
Long-term assets	$	5.3		$	3.1		$	-		$	-
Current liabilities		-		-				(0.3	)		(0.5	)
Long-term liabilities		(24.3	)		(18.0	)		(1.1	)		(4.3	)
Net amount recognized	$	(19.0	)	$	(14.9	)	$	(1.4	)	$	(4.8	)

Schedule of Amounts Recognized in Accumulated Other Comprehensive Loss (Before Tax)

The following table presents the amounts recognized in accumulated other comprehensive loss (before tax):

	Defined Benefit Plans						Post-Retirement Benefit Plan
(In millions)	September 26, 2014			September 27, 2013			September 26, 2014			September 27, 2013
Prior service credit (cost)	$	(0.6	)	$	(0.7	)	$	3.3		$	-
Net gain (loss)		(55.7	)		(49.4	)		(0.2	)	0.1
Accumulated other comprehensive gain (loss)	$	(56.3	)	$	(50.1	)	$	3.1		$	0.1

Schedule of Defined Benefit Pension Plan Balances with Accumulated Benefit Obligation Exceeded Fair Value of Plan Assets

The following table presents the projected benefit obligation, accumulated benefit obligation and fair value of plan assets for those defined benefit pension plans where accumulated benefit obligation exceeded the fair value of plan assets:

	Defined Benefit Plans
(In millions)	September 26, 2014		September 27, 2013
Projected benefit obligation	$	16.9	$	-
Accumulated benefit obligation	$	15.8	$	-
Fair value of plan assets	$	14.7	$	-

Schedule of Net Periodic Benefit Costs

The following table shows the components of the Company’s net periodic benefit costs and the other amounts recognized in other comprehensive (income) loss, before tax, related to the Company’s defined benefit pension plans and the Company’s post-retirement benefit plan:

	Defined Benefit Plans									Post-Retirement Benefit Plan
	Fiscal Years									Fiscal Years
(In millions)	2014			2013			2012			2014			2013			2012
Net Periodic Benefit Costs:
Service cost	$	4.1		$	4.8		$	4.3		$	-		$	-		$	-
Interest cost		6.1			5.2			5.3			0.2			0.2			0.2
Loss due to settlement or curtailment		1.8			1.0			0.9			-			-			-
Expected return on assets		(7.8	)		(5.7	)		(5.3	)		-			-			-
Amortization of prior service cost		0.2			0.2			0.2			-			-			-
Recognized actuarial loss		2.1			2.7			2.5			-			-			0.1
Net periodic benefit cost		6.5			8.2			7.9			0.2			0.2			0.3
Other Amounts Recognized in Other Comprehensive (Income) Loss:
New prior service (credit) cost		-			0.5			-			(3.3	)		-			-
Net (gain) loss arising during the year		10.3			(6.6	)		9.9			0.2			(0.4	)		(0.1	)
Amortization of prior service cost		(0.2	)		(0.2	)		(0.2	)		-			-			-
Amortization, settlement and curtailment of net actuarial loss		(3.9	)		(3.7	)		(3.5	)		-			(0.1	)		(0.1	)
Total recognized in other comprehensive (income) loss		6.2			(10.0	)		6.2			(3.1	)		(0.5	)		(0.2	)
Total recognized in net periodic benefit cost and other comprehensive (income) loss	$	12.7		$	(1.8	)	$	14.1		$	(2.9	)	$	(0.3	)	$	0.1

Schedule of Accumulated Other Comprehensive Income (Loss) Expected to be Recognized as Components of Net Periodic Benefit Cost

The amounts in accumulated other comprehensive loss that are expected to be recognized as components of net periodic benefit cost during fiscal year 2015 are as follows:

(In millions)	Defined Benefit Plans			Post-Retirement Benefit Plan		Total
Prior service credit (cost)	$	(0.2	)	$	0.5	$	0.3
Net gain (loss)		(2.4	)		-		(2.4	)
Total	$	(2.6	)	$	0.5	$	(2.1	)

Schedule of Assumed Healthcare Cost Trend Rates for Post-Retirement Benefit Plan

The assumed healthcare cost trend rates for the post-retirement benefit plan are as follows:

	Fiscal Years
Assumed Health Care Trend Rates	2014			2013			2012
Post-retirement benefit plan:
Current medical cost trend rate		8.20	%		8.20	%		9.90	%
Ultimate medical cost trend rate		4.50	%		4.50	%		4.50	%

Schedule of Fair Values of Plan Assets

The following table presents the Company’s defined benefit pension plans’ major asset categories, their associated fair values, as well as the actual allocation of equity, debt and fixed income, real estate and all other types of investments:

(In millions)	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
As of September 26, 2014:
Investment funds:
Mutual funds - equities	$	-	$	51.7	$	-	$	51.7
Mutual funds - debt		-		32.5		-		32.5
Mutual funds - real estate		-		3.6		-		3.6
Assets held by insurance company:
Insurance contracts		-		99.1		-		99.1
Cash and cash equivalents		1.7		-		-		1.7
Total	$	1.7	$	186.9	$	-	$	188.6
As of September 27, 2013:
Investment funds:
Mutual funds - equities	$	-	$	49.9	$	-	$	49.9
Mutual funds - debt		-	26.1			-	26.1
Mutual funds - real estate		-	3.6			-	3.6
Assets held by insurance company:
Insurance contracts		-	86.3			-	86.3
Cash and cash equivalents	14.9		-			-	14.9
Total	$	14.9	$	165.9	$	-	$	180.8

Schedule Of Estimated Future Benefit Payments

Estimated future benefit payments at September 26, 2014 were as follows:

(In millions)	Defined Benefit Plans		Post-Retirement Benefit Plan		Total
Fiscal Years:
2015	$	5.3	$	0.3	$	5.6
2016		4.9		0.2		5.1
2017		7.2		0.2		7.4
2018		7.3		0.1		7.4
2019		7.9		0.1		8.0
2020-2024		38.0		0.4		38.4
Total	$	70.6	$	1.3	$	71.9

Net Periodic Benefit Cost

Retirement Plans [Line Items]

Schedule of Assumptions Used to Determine Defined Benefit Pension and Post-Retirement Benefit Plans

The assumptions used to determine net periodic benefit cost and to compute the expected long-term return on assets for the Company’s defined benefit pension and post-retirement benefit plans were as follows:

	Fiscal Years
Net Periodic Benefit Cost	2014			2013			2012
Defined benefit plans:
Discount rate		3.11	%		2.94	%		3.38	%
Rate of compensation increase		2.51	%		2.37	%		2.48	%
Expected long-term return on assets		4.21	%		3.82	%		4.02	%
Post-retirement benefit plan:
Discount rate		3.80	%		3.00	%		3.90	%

Benefit Obligation

Retirement Plans [Line Items]

Schedule of Assumptions Used to Determine Defined Benefit Pension and Post-Retirement Benefit Plans

The assumptions used to measure the benefit obligations for the Company’s defined benefit pension and post-retirement benefit plans were as follows:

Benefit Obligation	September 26, 2014			September 27, 2013
Defined benefit plans:
Discount rate		2.77	%		3.11	%
Rate of compensation increase		2.45	%		2.51	%
Post-retirement benefit plan:
Discount rate		3.10	%		3.80	%