Borrowings and Credit Arrangements (Tables)

12 Months Ended

Sep. 28, 2019

Debt Disclosure [Abstract]

Company's Borrowings and Interest Expense

Interest expense for the 2028 Senior Notes, 2025 Senior Notes and 2022 Senior Notes is as follows:

			Years Ended
			September 28, 2019				September 29, 2018				September 30, 2017
	Interest Rate		Interest Expense (1)		Non-Cash Interest Expense		Interest Expense (1)		Non-Cash Interest Expense		Interest Expense (1)		Non-Cash Interest Expense
2028 Senior Notes	4.625	%	$	19.2	$	0.7	$	13.3	$	0.5	$	—	$	—
2025 Senior Notes	4.375	%	43.5		2.1		34.7		1.6		—		—
2022 Senior Notes	5.250	%	—		—		21.2		1.5		57.3		3.9
Total			$	62.7	$	2.8	$	69.2	$	3.6	$	57.3	$	3.9

(1) Interest expense includes non-cash interest expense related to the amortization of the deferred issuance costs and accretion of the debt discount.

The Company’s borrowings consisted of the following: 

	September 28, 2019		September 29, 2018
Current debt obligations, net of debt discount and deferred issuance costs:
Term Loan	$	37.4	$	74.7
Revolver	—		300.0
Securitization Program	234.0		225.0
Total current debt obligations	271.4		599.7
Long-term debt obligations, net of debt discount and issuance costs:
Term Loan	1,452.4		1,376.3
2025 Senior Notes	937.3		935.2
2028 Senior Notes	393.9		393.1
Total long-term debt obligations	2,783.6		2,704.6
Total debt obligations	$	3,055.0	$	3,304.3

Schedule Of Long Term Debt By Maturity Table

The debt maturity schedule for the Company’s obligations as of September 28, 2019 was as follows:

	2020		2021		2022		2023		2024		2025 and Thereafter		Total
Term Loan	$	37.5	$	75.0	$	75.0	$	112.5	$	1,200.0	$	—	$	1,500.0
Securitization Program	234.0		—		—		—		—		—		234.0
2025 Senior Notes	—		—		—		—		—		950.0		950.0
2028 Senior Notes	—		—		—		—		—		400.0		400.0
	$	271.5	$	75.0	$	75.0	$	112.5	$	1,200.0	$	1,350.0	$	3,084.0

Schedule of Credit Agreements

Interest expense, non-cash interest expense, the weighted average interest rate, and the interest rate at the end of period under the 2018 Credit Agreement, the 2017 Credit Agreement and the Prior Credit Agreement was as follows: 

	Years Ended
	September 28, 2019			September 29, 2018			September 30, 2017
Interest expense (1)	$	67.0		$	60.8		$	42.3
Non-cash interest expense	$	2.6		$	2.6		$	4.2
Weighted average interest rate	3.79		%	3.23		%	2.39		%
Interest rate at end of period	3.43		%	3.74		%	2.73		%

(1) Interest expense includes non-cash interest expense related to the amortization of the deferred issuance costs and accretion of the debt discount.

Interest Expense under Convertible Notes

Interest expense under the Convertible Notes is as follows: 

	Years Ended
	September 29, 2018		September 30, 2017
Amortization of debt discount	$	3.5	$	17.9
Amortization of deferred financing costs	0.2		0.8
Principal accretion	1.6		15.6
Non-cash interest expense	5.3		34.3
2.00% accrued interest (cash)	1.8		6.7
	$	7.1	$	41.0