Fair Value (Tables)

12 Months Ended

Sep. 29, 2017

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 29, 2017:
Available-for-sale securities:
Original CPTC Loans	$	—	$	—	$	47.4		$	47.4
DRTC securities	—		8.0		—			8.0
GPTC securities	—		4.4		—			4.4
Total assets measured at fair value	$	—	$	12.4	$	47.4		$	59.8

Assets at September 30, 2016:
Available-for-sale securities:
Original CPTC Loans	$	—	$	—	$	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	)

Reconciliation for Assets Measured and Recorded at Fair Value on Recurring Basis; Fair 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)	Available-for-sale Securities			Contingent Consideration
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		)
Additions ⁽¹⁾	3.3			—
Settlements ⁽²⁾	—			1.6
Change in fair value recognized in earnings	(51.2		)	(0.3		)
Balance at September 29, 2017	$	47.4		$	—


⁽¹⁾	Amounts reported represent additional investments 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)	Available-for-sale Securities			Contingent Consideration
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		)
Additions ⁽¹⁾	3.3			—
Settlements ⁽²⁾	—			1.6
Change in fair value recognized in earnings	(51.2		)	(0.3		)
Balance at September 29, 2017	$	47.4		$	—


⁽¹⁾	Amounts reported represent additional investments and accrued interest.


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