Joint Ventures, VIEs and Other Investments

3 Months Ended

Dec. 27, 2024

Equity Method Investments and Joint Ventures [Abstract]

Joint Ventures, VIEs and Other Investments

Joint Ventures, VIEs and Other Investments

For the Company's consolidated variable interest entities ("VIE") joint ventures, the carrying value of assets and liabilities was $172.8 million and $125.0 million, respectively, as of December 27, 2024 and $161.9 million and $122.7 million, respectively, as of September 27, 2024. There are no consolidated VIEs that have debt or credit facilities.

For the Company's proportionate consolidated VIEs, the carrying value of assets and liabilities was $133.2 million and $123.7 million, respectively, as of December 27, 2024, and $138.8 million and $138.0 million, respectively, as of September 27, 2024.

The carrying values of our investments in equity method joint ventures in the Consolidated Balance Sheets (reported in Other Noncurrent Assets: Miscellaneous) as of December 27, 2024 and September 27, 2024 were $36.5 million and $36.6 million, respectively. Additionally, income from equity method joint ventures (reported in Revenue) was $3.7 million and $2.7 million, respectively, during the three months ended December 27, 2024 and December 29, 2023. As of December 27, 2024, the Company's equity method investment carrying values do not include material amounts exceeding their share of the respective joint ventures' reported net assets.

Accounts receivable from unconsolidated joint ventures accounted for under the equity method was $18.0 million and $12.3 million as of December 27, 2024 and September 27, 2024, respectively.