Employee Benefit Plans (Tables)

12 Months Ended

Oct. 03, 2020

Pension and Other Postretirement Benefits Cost (Reversal of Cost) [Abstract]

Schedule Of Changes In Projected Benefit Obligations And Plan Assets And Funded Status

The changes in projected benefit obligations and plan assets and the funded status of the U.S. and non-U.S. defined benefit plans are as follows:

	U.S. Plans						Non-U.S. Plans
	2020			2019			2020			2019
Change in projected benefit obligation:
Projected benefit obligation at prior year measurement date	$	1,065,937		$	915,274		$	249,575		$	207,645
Service cost	23,033			21,003			6,771			4,988
Interest cost	30,597			36,924			2,785			4,393
Contributions by plan participants	—			—			832			828
Actuarial (gains) losses	97,438			130,377			(3,572		)	48,564
Foreign currency exchange impact	—			—			16,256			(10,878		)
Benefits paid	(40,246		)	(36,455		)	(5,278		)	(6,040		)
Curtailments	—			—			81			—
Settlements	(486,615		)	—			(2,999		)	—
Other	(1,455		)	(1,186		)	(32		)	75
Projected benefit obligation at measurement date	$	688,689		$	1,065,937		$	264,419		$	249,575
Change in plan assets:
Fair value of assets at prior year measurement date	$	1,004,163		$	878,983		$	166,242		$	145,641
Actual return on plan assets	134,871			157,966			(5,088		)	24,623
Employer contributions	5,154			4,855			7,017			7,464
Contributions by plan participants	—			—			832			828
Benefits paid	(40,246		)	(36,455		)	(5,278		)	(6,040		)
Settlements	(486,615		)	—			(2,999		)	—
Foreign currency exchange impact	—			—			10,071			(6,220		)
Other	(1,455		)	(1,186		)	(32		)	(54		)
Fair value of assets at measurement date	$	615,872		$	1,004,163		$	170,765		$	166,242
Funded status and amount recognized in assets and liabilities	$	(72,817	)	$	(61,774	)	$	(93,654	)	$	(83,333	)
Amount recognized in assets and liabilities:
Long-term assets	$	30,887		$	35,429		$	3,862		$	2,575
Current and long-term pension liabilities	(103,704		)	(97,203		)	(97,516		)	(85,908		)
Amount recognized in assets and liabilities	$	(72,817	)	$	(61,774	)	$	(93,654	)	$	(83,333	)
Amount recognized in AOCIL, before taxes:
Prior service cost (credit)	$	—		$	133		$	56		$	82
Actuarial losses	184,156			324,145			60,721			56,411
Amount recognized in AOCIL, before taxes	$	184,156		$	324,278		$	60,777		$	56,493

Schedule Of Projected Benefit Obligations Or Accumulated Benefit Obligations In Excess Of Plan Assets

The following table provides aggregate information for the pension plans, which have projected benefit obligations or accumulated benefit obligations in excess of plan assets:

	October 3, 2020		September 28, 2019
Projected benefit obligation	$	312,995	$	278,405
Accumulated benefit obligation	277,404		208,625
Fair value of plan assets	111,776		95,294

Schedule Of Weighted-Average Assumptions Used To Determine Net Periodic Benefit Cost And Benefit Obligations

Weighted-average assumptions used to determine benefit obligations as of the measurement dates and weighted-average assumptions used to determine net periodic benefit cost are as follows:

	U.S. Plans						Non-U.S. Plans
	2020		2019		2018		2020		2019		2018
Assumptions for net periodic benefit cost:
Service cost discount rate	3.5	%	4.4	%	4.2	%	1.6	%	2.9	%	2.5	%
Interest cost discount rate	2.9	%	4.1	%	3.5	%	1.3	%	2.6	%	2.2	%
Return on assets	4.5	%	5.3	%	7.0	%	2.7	%	3.5	%	3.5	%
Rate of compensation increase	2.9	%	3.5	%	3.5	%	2.1	%	2.5	%	2.5	%
Assumptions for benefit obligations:
Discount rate	3.0	%	3.3	%	4.3	%	1.4	%	1.6	%	2.8	%
Rate of compensation increase	3.3	%	2.9	%	3.5	%	2.2	%	2.1	%	2.5	%

Schedule Of Asset Allocations By Asset Category For The Pension Plans

The following tables present the consolidated plan assets using the fair value hierarchy, which is described in Note 12 - Fair Value, as of October 3, 2020 and September 28, 2019.

U.S. Plans, October 3, 2020	Level 1		Level 2		Level 3		Total
Investments at fair value:
Shares of registered investment companies:
Equity funds	$	197,580	$	—	$	—	$	197,580
Fixed income funds	390,695		—		—		390,695
Money market funds	—		6,281		—		6,281
Total investments in fair value hierarchy	588,275		6,281		—		594,556
Investments measured at NAV practical expedient (1)							21,316
Total investments at fair value	$	588,275	$	6,281	$	—	$	615,872

Non-U.S. Plans, October 3, 2020	Level 1		Level 2		Level 3		Total
Investments at fair value:
Mutual funds:
Equity funds	$	—	$	6,159	$	—	$	6,159
Fixed income funds	—		7,558		—		7,558
Equity securities	8,689		—		—		8,689
Fixed income securities	—		17,930		—		17,930
Collective investment trusts	—		19,636		—		19,636
Unit linked life insurance funds	—		53,607		—		53,607
Money market funds	—		576		—		576
Cash and cash equivalents	149		—		—		149
Insurance contracts and other	—		—		56,461		56,461
Total investments at fair value	$	8,838	$	105,466	$	56,461	$	170,765

U.S. Plans, September 28, 2019	Level 1		Level 2		Level 3		Total
Investments at fair value:
Shares of registered investment companies:
Equity funds	$	144,898	$	—	$	—	$	144,898
Fixed income funds	823,008		—		—		823,008
Money market funds	—		6,418		—		6,418
Insurance contract	—		—		505		505
Total investments in fair value hierarchy	967,906		6,418		505		974,829
Investments measured at NAV practical expedient (1)							29,334
Total investments at fair value	$	967,906	$	6,418	$	505	$	1,004,163

 

Non-U.S. Plans, September 28, 2019	Level 1		Level 2		Level 3		Total
Investments at fair value:
Mutual funds:
Equity funds	$	—	$	6,372	$	—	$	6,372
Fixed income funds	—		7,657		—		7,657
Equity securities	7,310		—		—		7,310
Fixed income securities	—		18,740		—		18,740
Collective investment trusts	—		18,118		—		18,118
Unit linked life insurance funds	—		51,062		—		51,062
Money market funds	—		386		—		386
Cash and cash equivalents	384		—		—		384
Insurance contracts and other	—		—		56,213		56,213
Total investments at fair value	$	7,694	$	102,335	$	56,213	$	166,242

The weighted average asset allocations by asset category for the pension plans as of October 3, 2020 and September 28, 2019 are as follows:

	U.S. Plans			Non-U.S. Plans
	Target	2020 Actual	2019 Actual	Target	2020 Actual	2019 Actual
Asset category:
Equity	35%-45%	37%	18%	20%-40%	24%	25%
Fixed Income	55%-65%	63%	82%	30%-45%	38%	36%
Other	—%	—%	—%	25%-40%	38%	39%

Schedule Of Roll-Forward Of The Consolidated Plan Assets Classified As Level 3 Within The Fair Value Hierarchy

The following is a roll forward of the consolidated plan assets classified as Level 3 within the fair value hierarchy:

	U.S. Plans			Non-U.S. Plans			Total
Balance at September 29, 2018	$	484		$	40,601		$	41,085
Return on assets	21			16,868			16,889
Purchases from contributions to Plans	—			2,887			2,887
Settlements paid in cash	—			(1,603		)	(1,603		)
Foreign currency translation	—			(2,540		)	(2,540		)
Balance at September 28, 2019	505			56,213			56,718
Return on assets	4			(4,671		)	(4,667		)
Purchases from contributions to Plans	—			2,508			2,508
Settlements paid in cash	(509		)	(1,274		)	(1,783		)
Foreign currency translation	—			3,685			3,685
Balance at October 3, 2020	$	—		$	56,461		$	56,461

Schedule Of Fair Value, Investments, Entities that Calculate Net Asset Value Per Share

The following table summarizes investments measured at fair value based on net asset value (NAV) per share as of October 3, 2020:

	Fair Value
	October 3, 2020		September 28, 2019		Unfunded Commitments		Redemption Frequency	Redemption Notice Period
Limited partnerships (1)	$	21,316	$	29,334	$	4,888	Varies	10-45 days
Total	$	21,316	$	29,334	$	4,888

Schedule Of Pension Expense

Expense for all defined benefit plans is as follows:

	U.S. Plans									Non-U.S. Plans
	2020			2019			2018			2020			2019			2018
Service cost	$	23,033		$	21,003		$	22,535		$	6,771		$	4,988		$	5,738
Interest cost	30,597			36,924			32,292			2,785			4,393			4,241
Expected return on plan assets	(44,084		)	(45,054		)	(53,744		)	(4,577		)	(5,182		)	(5,001		)
Amortization of prior service cost (credit)	133			187			187			(3		)	(18		)	(60		)
Amortization of actuarial loss	25,316			26,639			28,709			4,943			2,532			2,512
Curtailment loss	—			—			—			100			—			—
Settlement loss	121,324			—			—			676			—			—
Total expense for defined benefit plans	$	156,319		$	39,699		$	29,979		$	10,695		$	6,713		$	7,430

Schedule Of Benefits Expected To Be Paid To The Participants Of The Plans

Benefits expected to be paid to the participants of the plans are:

	U.S. Plans		Non-U.S. Plans
2021	$	8,587	$	6,206
2022	12,161		7,737
2023	16,205		9,304
2024	20,111		7,615
2025	23,617		7,964
Five years thereafter	167,235		45,256

Schedule of Defined Contribution Plan Expense

Expense for all defined contribution plans consists of:

	2020		2019		2018
U.S. defined contribution plans	$	27,698	$	19,848	$	16,568
Non-U.S. defined contribution plans	5,965		5,270		4,821
Total expense for defined contribution plans	$	33,663	$	25,118	$	21,389

Schedule Of Changes In The Accumulated Benefit Obligation Of Unfunded Plan

The changes in the accumulated benefit obligation of this unfunded plan for 2020 and 2019 are shown in the following table:

	October 3, 2020			September 28, 2019
Change in Accumulated Postretirement Benefit Obligation (APBO):
APBO at prior year measurement date	$	8,810		$	8,857
Service cost	55			68
Interest cost	211			315
Contributions by plan participants	629			644
Benefits paid	(668		)	(1,134		)
Actuarial (gains) losses	237			60
APBO at measurement date	$	9,274		$	8,810
Funded status	$	(9,274	)	$	(8,810	)
Accrued postretirement benefit liability	$	9,274		$	8,810
Amount recognized in AOCIL, before taxes:
Prior service credit	$	—		$	259
Actuarial gains	3,297			4,142
Amount recognized in AOCIL, before taxes	$	3,297		$	4,401

Schedule Of Cost Of The Postretirement Benefit Plan

The cost of the postretirement benefit plan is as follows:

	2020			2019			2018
Service cost	$	55		$	68		$	84
Interest cost	211			315			281
Amortization of prior service credit	(259		)	(471		)	(470		)
Amortization of actuarial gain	(607		)	(713		)	(511		)
Net periodic postretirement benefit cost (income)	$	(600	)	$	(801	)	$	(616	)