Leases

12 Months Ended

Oct. 02, 2026

Leases [Abstract]

LEASES

10.    LEASES

The Company’s lease arrangements consist primarily of corporate, manufacturing, design, and other facility agreements as well as various machinery and office equipment agreements. The leases expire at various dates through 2061, some of which include options to extend the lease term. The longest potential remaining lease term consists of a 35 year land lease in Osaka, Japan.

During fiscal 2026, fiscal 2025, and fiscal 2024, the Company recorded $40.7 million, $39.5 million, and $35.5 million of operating lease expense, and $12.3 million, $15.2 million, and $20.6 million of variable lease expense, respectively.

Supplemental cash information and non-cash activities related to operating leases are as follows (in millions):

	Fiscal Years Ended
	October 2, 2026		October 3, 2025		September 27, 2024
Operating cash outflows from operating leases	$	39.9	$	38.3	$	35.4
Operating lease assets obtained in exchange for new lease liabilities	$	7.0	$	31.3	$	16.2

Operating leases are classified as follows (in millions):

	As of
	October 2, 2026		October 3, 2025
Other current liabilities	$	37.0	$	36.8
Long-term operating lease liabilities	141.4		170.5
Total lease liabilities	$	178.4	$	207.3

Maturities of lease liabilities under operating leases by fiscal year are as follows (in millions):

	As of
	October 2, 2026
2027	$	37.7
2028	35.7
2029	32.8
2030	21.7
2031	14.6
Thereafter	72.5
Total lease payments	215.0
Less: imputed interest	(36.6)
Present value of lease liabilities	178.4
Less: current portion (included in other current liabilities)	(37.0)
Long-term operating lease liabilities	$	141.4

Weighted-average remaining lease term and discount rate related to operating leases are as follows:

	As of
	October 2, 2026		October 3, 2025
Weighted-average remaining lease term (in years)	10.3		10.6
Weighted-average discount rate	4.0	%	4.0	%