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Leases
 3 Months Ended
Jan. 03, 2026
Leases [Abstract]  
Lessee, Operating Leases Leases
We lease certain manufacturing facilities, office space and machinery and equipment globally. At inception, we evaluate whether a contractual arrangement contains a lease. Specifically, we consider whether we control the underlying asset and have the right to obtain substantially all the economic benefits or outputs from the asset. If the contractual arrangement contains a lease, we then determine the classification of the lease, operating or finance, using the classification criteria described in ASC 842. We then determine the term of the lease based on terms and conditions of the contractual arrangement, including whether the options to extend or terminate the lease are reasonably certain to be exercised. We have elected to not separate lease components from non-lease components, such as common area maintenance charges and instead, account for the lease and non-lease components as a single component.
Our lease right-of-use ("ROU") assets represent our right to use an underlying asset for the lease term and our lease liabilities represent our obligation to make lease payments. The ROU assets and lease liabilities for both operating and finance leases are recognized as of the commencement date at the net present value of the fixed minimum lease payments over the term of the lease including expected buyouts, using the discount rate described below. Variable lease payments are recorded in the period in which the obligation for the payment is incurred. Variable lease payments based on an index or rate are initially measured using the index or rate as of the commencement date of the lease and included in the fixed minimum lease payments. For short-term leases that have a term of 12 months or less as of the commencement date, we do not recognize a ROU asset or lease liability on our balance sheet; we recognize expense as the lease payments are made over the lease term.

Operating lease cost is included in Cost of sales and Selling, general and administrative on the Consolidated Statements of Earnings. Finance lease cost is included in Cost of sales, Selling, general and administrative and Interest on the Consolidated Statements of Earnings.

The discount rate used to calculate the present value of our leases is the rate implicit in the lease. If the information necessary to determine the rate implicit in the lease is not available, we use our incremental borrowing rate for collateralized debt, which is determined using our credit rating and other information available as of the lease commencement date.

The components of lease expense were as follows:
Three Months Ended
January 3,
2026		December 28,
2024
Operating lease cost$8,984 $8,190 
Finance lease cost:
Amortization of right-of-use assets$3,300 $2,445 
Interest on lease liabilities2,239 1,704 
Total finance lease cost$5,539 $4,149 
Supplemental cash flow information related to leases was as follows:
Three Months Ended
January 3,
2026		December 28,
2024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flow for operating leases$9,225 $8,244 
Operating cash flow for finance leases2,239 1,704 
Financing cash flow for finance leases4,308 2,119 
Assets obtained in exchange for lease obligations:
Operating leases$7,512 $8,121 
Finance leases13,495 9,051 
Supplemental balance sheet information related to leases was as follows:
January 3,
2026		September 27,
2025
Operating Leases:
Operating lease right-of-use assets$57,586 $52,799 
Accrued liabilities and other$13,509 $11,697 
Other long-term liabilities55,135 52,549 
Total operating lease liabilities$68,644 $64,246 
Finance Leases:
Property, plant, and equipment, at cost$167,768 $157,533 
Accumulated depreciation(27,872)(27,186)
Property, plant, and equipment, net$139,896 $130,347 
Accrued liabilities and other$16,010 $14,920 
Other long-term liabilities127,824 119,155 
Total finance lease liabilities$143,834 $134,075 
Weighted average remaining lease term in years:
Operating leases6.06.2
Finance leases17.117.6
Weighted average discount rates:
Operating leases5.4 %5.3 %
Finance leases6.4 %6.4 %
Maturities of lease liabilities were as follows:
 January 3, 2026
Operating LeasesFinance Leases
2026$12,561 $17,720 
202715,807 22,009 
202813,158 22,925 
202910,739 23,948 
20308,037 20,794 
Thereafter19,934 151,221 
Total lease payments80,236 258,617 
Less: imputed interest(11,592)(114,783)
Total$68,644 $143,834 
Lessee, Finance Leases Leases
We lease certain manufacturing facilities, office space and machinery and equipment globally. At inception, we evaluate whether a contractual arrangement contains a lease. Specifically, we consider whether we control the underlying asset and have the right to obtain substantially all the economic benefits or outputs from the asset. If the contractual arrangement contains a lease, we then determine the classification of the lease, operating or finance, using the classification criteria described in ASC 842. We then determine the term of the lease based on terms and conditions of the contractual arrangement, including whether the options to extend or terminate the lease are reasonably certain to be exercised. We have elected to not separate lease components from non-lease components, such as common area maintenance charges and instead, account for the lease and non-lease components as a single component.
Our lease right-of-use ("ROU") assets represent our right to use an underlying asset for the lease term and our lease liabilities represent our obligation to make lease payments. The ROU assets and lease liabilities for both operating and finance leases are recognized as of the commencement date at the net present value of the fixed minimum lease payments over the term of the lease including expected buyouts, using the discount rate described below. Variable lease payments are recorded in the period in which the obligation for the payment is incurred. Variable lease payments based on an index or rate are initially measured using the index or rate as of the commencement date of the lease and included in the fixed minimum lease payments. For short-term leases that have a term of 12 months or less as of the commencement date, we do not recognize a ROU asset or lease liability on our balance sheet; we recognize expense as the lease payments are made over the lease term.

Operating lease cost is included in Cost of sales and Selling, general and administrative on the Consolidated Statements of Earnings. Finance lease cost is included in Cost of sales, Selling, general and administrative and Interest on the Consolidated Statements of Earnings.

The discount rate used to calculate the present value of our leases is the rate implicit in the lease. If the information necessary to determine the rate implicit in the lease is not available, we use our incremental borrowing rate for collateralized debt, which is determined using our credit rating and other information available as of the lease commencement date.

The components of lease expense were as follows:
Three Months Ended
January 3,
2026		December 28,
2024
Operating lease cost$8,984 $8,190 
Finance lease cost:
Amortization of right-of-use assets$3,300 $2,445 
Interest on lease liabilities2,239 1,704 
Total finance lease cost$5,539 $4,149 
Supplemental cash flow information related to leases was as follows:
Three Months Ended
January 3,
2026		December 28,
2024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flow for operating leases$9,225 $8,244 
Operating cash flow for finance leases2,239 1,704 
Financing cash flow for finance leases4,308 2,119 
Assets obtained in exchange for lease obligations:
Operating leases$7,512 $8,121 
Finance leases13,495 9,051 
Supplemental balance sheet information related to leases was as follows:
January 3,
2026		September 27,
2025
Operating Leases:
Operating lease right-of-use assets$57,586 $52,799 
Accrued liabilities and other$13,509 $11,697 
Other long-term liabilities55,135 52,549 
Total operating lease liabilities$68,644 $64,246 
Finance Leases:
Property, plant, and equipment, at cost$167,768 $157,533 
Accumulated depreciation(27,872)(27,186)
Property, plant, and equipment, net$139,896 $130,347 
Accrued liabilities and other$16,010 $14,920 
Other long-term liabilities127,824 119,155 
Total finance lease liabilities$143,834 $134,075 
Weighted average remaining lease term in years:
Operating leases6.06.2
Finance leases17.117.6
Weighted average discount rates:
Operating leases5.4 %5.3 %
Finance leases6.4 %6.4 %
Maturities of lease liabilities were as follows:
 January 3, 2026
Operating LeasesFinance Leases
2026$12,561 $17,720 
202715,807 22,009 
202813,158 22,925 
202910,739 23,948 
20308,037 20,794 
Thereafter19,934 151,221 
Total lease payments80,236 258,617 
Less: imputed interest(11,592)(114,783)
Total$68,644 $143,834