Borrowings and Credit Arrangements (Tables)

9 Months Ended

Jun. 27, 2020

Debt Disclosure [Abstract]

Company's Borrowings

The Company’s borrowings consisted of the following: 

	June 27, 2020		September 28, 2019
Current debt obligations, net of debt discount and deferred issuance costs:
Term Loan	$	65.5	$	37.4
Revolver	500.0		—
Securitization Program	—		234.0
Total current debt obligations	$	565.5	$	271.4
Long-term debt obligations, net of debt discount and deferred issuance costs:
Term Loan	1,398.0		1,452.4
2025 Senior Notes	938.9		937.3
2028 Senior Notes	394.4		393.9
Total long-term debt obligations	$	2,731.3	$	2,783.6
Total debt obligations	$	3,296.8	$	3,055.0

Schedule of Line of Credit Facilities

Interest expense, weighted average interest rates, and the interest rate at the end of period under the Credit Agreements were as follow

Schedule Of Interest Expense Under Convertible Notes

8.

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

			Three Months Ended				Nine Months Ended
			June 27, 2020		June 29, 2019		June 27, 2020		June 29, 2019
	Interest Rate		Interest Expense		Interest Expense		Interest Expense		Interest Expense
2028 Senior Notes	4.625	%	$	4.8	$	4.8	$	14.4	$	14.4
2025 Senior Notes	4.375	%	10.9		10.9		32.7		32.7
Total			$	15.7	$	15.7	$	47.1	$	47.1

Accounts Receivable Securitization Program

In response to the market uncertainties created by the COVID-19 pandemic, on March 26, 2020, the Company paid-off the total amount outstanding of $250.0 million previously borrowed under the Accounts Receivable Securitization Program (the "Securitization Program"). On April 13, 2020, the Company amended the Credit and Security agreement with the lenders, temporarily suspending the ability to borrow and the need to comply with covenants for up to a year. As of June 27, 2020, the Company did not have any borrowings under this program.