FAIR VALUE (Tables)

6 Months Ended

Apr. 01, 2016

Assets and Liabilities Measured at Fair Value on Recurring Basis

In the tables below, the Company has segregated all assets and liabilities that are measured at fair value on a recurring basis into the most appropriate level within the fair value hierarchy based on the inputs used to determine the fair value at the measurement date.



	Fair Value Measurement Using
	Quoted Prices in Active Markets for Identical Instruments		Significant Other Observable Inputs			Significant Unobservable Inputs			Total
Type of Instruments	(Level 1)		(Level 2)			(Level 3)			Balance
(In millions)
Assets at April 1, 2016:
Available-for-sale securities:
Corporate debt securities	$	—	$	—		$	88.8		$	88.8
Total assets measured at fair value	$	—	$	—		$	88.8		$	88.8

Liabilities at April 1, 2016:
Derivative liabilities	$	—	$	(1.9	)	$	—		$	(1.9	)
Contingent consideration	—		—			(3.2		)	(3.2		)
Total liabilities measured at fair value	$	—	$	(1.9	)	$	(3.2	)	$	(5.1	)

Assets at October 2, 2015:
Available-for-sale securities:
Corporate debt securities	$	—	$	8.4		$	83.9		$	92.3
Non-U.S. government security	—		0.7			—			0.7
Total assets measured at fair value	$	—	$	9.1		$	83.9		$	93.0

Liabilities at October 2, 2015:
Contingent consideration	$	—	$	—		$	(4.1	)	$	(4.1	)
Total liabilities measured at fair value	$	—	$	—		$	(4.1	)	$	(4.1	)

Reconciliation for Assets Measured and Recorded at Fair Value on Recurring Basis

The following table presents the reconciliation for all assets and liabilities measured and recorded at fair value on a recurring basis using significant unobservable inputs (Level 3):



(In millions)	CPTC Loans		Contingent Consideration
Balance at October 2, 2015	$	83.9	$	(4.1	)
Additions⁽¹⁾	4.9		—
Settlements⁽²⁾	—		1.2
Change in fair value recognized in earnings	—		(0.3		)
Balance at April 1, 2016	$	88.8	$	(3.2	)


⁽¹⁾	Amounts reported under CPTC loans represent draw downs and accrued interest.


⁽²⁾	Amounts reported under Contingent Consideration represent cash payments to settle contingent consideration liabilities.

Reconciliation for Liabilities Measured and Recorded at Fair Value on Recurring Basis

The following table presents the reconciliation for all assets and liabilities measured and recorded at fair value on a recurring basis using significant unobservable inputs (Level 3):



(In millions)	CPTC Loans		Contingent Consideration
Balance at October 2, 2015	$	83.9	$	(4.1	)
Additions⁽¹⁾	4.9		—
Settlements⁽²⁾	—		1.2
Change in fair value recognized in earnings	—		(0.3		)
Balance at April 1, 2016	$	88.8	$	(3.2	)


⁽¹⁾	Amounts reported under CPTC loans represent draw downs and accrued interest.


⁽²⁾	Amounts reported under Contingent Consideration represent cash payments to settle contingent consideration liabilities.