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Acquisitions (Tables)
9 Months Ended
Jun. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed The preliminary aggregate purchase price allocation is as follows (in millions):
Purchase Price Allocation
Receivables$8.1 
Inventory22.0 
Goodwill 282.8 
Intangible assets313.4 
All other assets10.2 
Total assets acquired636.5 
Less: Deferred tax liability(8.9)
Less: Liabilities assumed(18.6)
Net assets acquired$609.0 
Purchase Consideration
Cash consideration, net of cash acquired$566.0 
Contingent consideration43.0 
Total purchase consideration, net of cash acquired$609.0 
The preliminary aggregate purchase price allocation is as follows (in millions):
Purchase Price Allocation
Receivables$8.0 
Goodwill 133.5 
Intangible assets47.2 
All other assets0.7 
Total assets acquired189.4 
Less: Liabilities assumed(6.2)
Net assets acquired$183.2 
Purchase Consideration
Total purchase consideration, net of cash acquired$183.2 
The aggregate purchase price allocation is as follows (in millions):
Purchase Price Allocation
Receivables$23.8 
Inventories17.7 
Property27.5 
Goodwill111.3 
Other intangible assets54.1 
All other assets21.0 
Total assets acquired255.4 
Less: Liabilities assumed(12.6)
Less: Deferred income taxes(56.6)
Net assets acquired, excluding cash$186.2 
Purchase Consideration
Total purchase consideration, net of cash acquired$186.2 
Schedule of Business Acquisitions by Acquisition, Contingent Consideration
The following table presents the fair value of the contingent consideration in the Consolidated Balance Sheet (in millions):
Period ended February 29, 2024Period ended February 28, 2025Total
Contingent consideration as of December 31, 2023$17.5 $25.5 $43.0 
Adjustment for earnout achieved for first performance period(7.7)— (7.7)
Adjustment to fair value— 0.7 0.7 
Payment of earnout achieved for first performance period(9.8)— (9.8)
Contingent consideration as of June 30, 2024$— $26.2 $26.2