Financial Instruments and Fair Value Measurements (Tables)

9 Months Ended

Jun. 28, 2025

Financial Instruments and Fair Value Measurements [Abstract]

Fair Value of Derivatives and Location on Consolidated and Combined Balance Sheets

The Company records the fair value positions of all derivative financial instruments on a net basis by counterparty for which a master netting arrangement is utilized. Balances on a gross basis are as follows:

Derivative Instruments	Hedge Designation	Balance Sheet Location		June 28, 2025			September 28, 2024
Cross-currency swaps	Designated	Other long-term liabilities	$	(106	)	$	—

Effect of Derivatives on Consolidated and Combined Statements of Operations

The effect of the Company’s derivative instruments on the Consolidated and Combined Statements of Operations is as follows:

		Quarterly Period Ended				Three Quarterly Periods Ended
Derivative Instruments	Statements of Income Location		June 28, 2025		June 29, 2024		June 28, 2025		June 29, 2024
Cross-currency swaps	Interest expense	$	2	$	—	$	7	$	—

Assets Measured at Fair Value on Non-recurring Basis

Included in the following tables are the major categories of assets and their current carrying values, along with the impairment loss recognized on the fair value measurement for the period then ended:

	June 28, 2025
		Level 1		Level 2		Level 3		Total		Impairment
Indefinite-lived trademarks	$	—	$	—	$	26	$	26	$	—
Goodwill		—		—		726		726		—
Definite lived intangible assets		—		—		185		185		—
Property, plant, and equipment		—		—		1,473		1,473		—
Total	$	—	$	—	$	2,410	$	2,410	$	—

	September 28, 2024
		Level 1		Level 2		Level 3		Total		Impairment
Indefinite-lived trademarks	$	—	$	—	$	26	$	26	$	—
Goodwill		—		—		624		624		(171	)
Definite lived intangible assets		—		—		200		200		(1	)
Property, plant, and equipment		—		—		949		949		—
Total	$	—	$	—	$	1,799	$	1,799	$	(172	)