Fair Value Measurements (Tables)

12 Months Ended

Sep. 26, 2020

Fair Value Assets and Liabilities Measured on Recurring Basis

Assets and liabilities measured and recorded at fair value on a recurring basis consisted of the following:


			Fair Value Measurements at September 26, 2020
	Carrying Value		Quoted Prices in Active Market for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:




Foreign currency option contracts	$	10.1	$	—	$	10.1	$	—
Forward foreign currency contracts	1.1		—		1.1		—
Total	$	11.2	$	—	$	11.2	$	—
Liabilities:
Contingent consideration	$	81.8	$	—	$	—	$	81.8
Interest rate swaps - derivative	31.2		—		31.2		—

Total	$	113.0	$	—	$	31.2	$	81.8


			Fair Value Measurements at September 28, 2019
	Carrying Value		Quoted Prices in Active Market for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:

Interest rate caps - derivative	$	0.1	$	—	$	0.1	$	—
Interest rate swaps - derivative	4.7		—		4.7		—
Forward currency option contracts	2.0		—		$	2.0	—
Forward foreign currency contracts	0.9		—		$	0.9	—
Total	$	7.7	$	—	$	7.7	$	—
Liabilities:
Contingent consideration	$	9.1	$	—	$	—	$	9.1
Forward foreign currency contracts	0.1		—		0.1		—
Total	$	9.2	$	—	$	0.1	$	9.1

Changes in the fair value of recurring fair value measurements using significant unobservable inputs (Level 3), which solely consisted of contingent consideration liabilities, during the years ended September 26, 2020, September 28, 2019, and September 29, 2018 were as follows:


		Years Ended
		2020		2019		2018
Balance at beginning of period		$	9.1	$	7.8	$	—
	Contingent consideration recorded at acquisition	82.7		—		7.8
	Fair value adjustments	0.3		1.7		—
	Payments/Accruals	(10.3)		(0.4)		—
Balance at end of period		$	81.8	$	9.1	$	7.8