FAIR VALUE (Tables)

3 Months Ended

Dec. 28, 2018

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 December 28, 2018:
Cash equivalents:
Money market funds	$	77.1	$	—	$	—		$	77.1
Available-for-sale securities:
MPTC Series B-1 Bonds ⁽¹⁾	—		25.6		—			25.6
MPTC Series B-2 Bonds ⁽²⁾	—		23.6		—			23.6
APTC securities ⁽¹⁾	—		6.2		—			6.2
GPTC securities ⁽¹⁾	—		8.3		—			8.3
Total assets measured at fair value	$	77.1	$	63.7	$	—		$	140.8

Liabilities at December 28, 2018:
Contingent consideration	$	—	$	—	$	(17.8	)	$	(17.8	)
Total liabilities measured at fair value	$	—	$	—	$	(17.8	)	$	(17.8	)

Assets at September 28, 2018:
Cash equivalents:
Money market funds	$	44.1	$	—	$	—		$	44.1
Available-for- sale securities:
MPTC Series B-1 Bonds ⁽¹⁾	—		25.1		—			25.1
MPTC Series B-2 Bonds ⁽²⁾	—		23.1		—			23.1
APTC securities ⁽¹⁾	—		6.4		—			6.4
GPTC securities ⁽¹⁾	—		7.9		—			7.9
Total assets measured at fair value	$	44.1	$	62.5	$	—		$	106.6

Liabilities at September 28, 2018:
Contingent consideration	$	—	$	—	$	(24.4	)	$	(24.4	)
Total liabilities measured at fair value	$	—	$	—	$	(24.4	)	$	(24.4	)


⁽¹⁾	Included in prepaid and other current assets on the Company's Condensed Consolidated Balance Sheets because the Company has the ability and intent to sell this security in the next twelve months.


⁽²⁾	Included in other assets on the Company's Condensed Consolidated Balance Sheets because the maturity dates are greater than one year and the Company does not have the intent and ability to collect or sell all or a portion of these loans or securities in the next twelve months.

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)	Contingent Consideration
Balance at September 28, 2018	$	(24.4	)
Business combination	(5.3		)
Measurement period adjustment to a business combination in prior year	11.9
Balance at December 28, 2018	$	(17.8	)