Fair Value (Tables)

12 Months Ended

Sep. 30, 2016

Assets and Liabilities Measured at Fair Value on a 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
Type of Instruments	Quoted Prices in Active Markets for Identical Instruments (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)			Total Balance
(In millions)
Assets at September 30, 2016:
Available-for-sale securities:
Corporate debt securities	$	—	$	—	$	95.3		$	95.3
Total assets measured at fair value	$	—	$	—	$	95.3		$	95.3

Liabilities at September 30, 2016:
Contingent consideration	$	—	$	—	$	(1.3	)	$	(1.3	)
Total liabilities measured at fair value	$	—	$	—	$	(1.3	)	$	(1.3	)

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 and 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 September 26, 2014	$	75.6	$	(7.5	)
Additions ⁽¹⁾	8.3		—
Settlements ⁽²⁾	—		3.3
Change in fair value recognized in earnings	—		0.1
Balance at October 2, 2015	83.9		(4.1		)
Additions ⁽¹⁾	11.4		—
Settlements ⁽²⁾	—		3.5
Change in fair value recognized in earnings	—		(0.7		)
Balance at September 30, 2016	$	95.3	$	(1.3	)


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


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

Reconciliation for Assets and Liabilities Measured and Recorded at Fair Value on Recurring BasisFair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation

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 September 26, 2014	$	75.6	$	(7.5	)
Additions ⁽¹⁾	8.3		—
Settlements ⁽²⁾	—		3.3
Change in fair value recognized in earnings	—		0.1
Balance at October 2, 2015	83.9		(4.1		)
Additions ⁽¹⁾	11.4		—
Settlements ⁽²⁾	—		3.5
Change in fair value recognized in earnings	—		(0.7		)
Balance at September 30, 2016	$	95.3	$	(1.3	)


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


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