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Debt (Tables)

12 Months Ended

Oct. 01, 2021

Long-term debt consists of the following (in millions, except percentages):


			As of
	Effective Interest Rate		October 1, 2021		October 2, 2020
0.90% Senior Notes due 2023	1.15	%	$	500.0	$	—
1.80% Senior Notes due 2026	1.97	%	500.0		—
3.00% Senior Notes due 2031	3.13	%	500.0		—
1.38% Term Loans due 2024	1.50	%	750.0		—
Unamortized debt discount and issuance costs			(14.4)		—
Total debt			$	2,235.6	$	—

Schedule of Carrying Values and Estimated Fair Values of Debt Instruments

The estimated fair value of debt consists of the following (in millions):


	As of
	October 1, 2021		October 2, 2020
0.90% Senior Notes due 2023	$	501.0	$	—
1.80% Senior Notes due 2026	507.5		—
3.00% Senior Notes due 2031	514.6		—
Total debt under Senior Notes	$	1,523.1	$	—

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details