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Accrued Liabilities (Tables)
9 Months Ended
Jun. 30, 2023
Accrued Liabilities [Line Items]  
Accrued Liabilities

 

 

June 30, 2023

 

 

September 30, 2022

 

Salaries and other member benefits

 

$

95,752

 

 

$

75,665

 

Product warranties and related liabilities(1)

 

 

39,424

 

 

 

40,042

 

Interest payable

 

 

4,955

 

 

 

13,481

 

Accrued retirement benefits

 

 

2,886

 

 

 

2,779

 

Net current contract liabilities

 

 

31,567

 

 

 

30,663

 

Current portion of restructuring charges

 

 

1,566

 

 

 

1,083

 

Taxes, other than income

 

 

17,913

 

 

 

21,159

 

Other

 

 

26,871

 

 

 

21,411

 

 

$

220,934

 

 

$

206,283

 

(1)
Product warranties and related liabilities includes estimates related to product liabilities expected to be fully recoverable from insurance.
Changes in Accrued Product Warranties and Related Liabilities

Changes in accrued product warranties and related liabilities were as follows:

 

 

Three Months Ended June 30,

 

 

Nine Months Ended June 30,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Beginning of period

 

$

46,492

 

 

$

12,984

 

 

$

40,042

 

 

$

17,481

 

Additions, net of recoveries

 

 

2,424

 

 

 

3,021

 

 

 

22,847

 

 

 

3,243

 

Reductions for settlement

 

 

(9,433

)

 

 

(1,239

)

 

 

(23,636

)

 

 

(5,908

)

Foreign currency exchange rate changes

 

 

(59

)

 

 

(121

)

 

 

171

 

 

 

(171

)

End of period

 

$

39,424

 

 

$

14,645

 

 

$

39,424

 

 

$

14,645

 

Employee Severance [Member]  
Accrued Liabilities [Line Items]  
Loss Reserve & Restructuring Reserve Activity

The summary of activity in accrued restructuring charges are as follows:

 

 

 

 

 

Period Activity

 

 

 

 

 

 

Balances as of September 30, 2022

 

 

Charges

 

 

Payments

 

 

Non-cash
activity

 

 

Balances as of June 30, 2023

 

Workforce management costs associated with:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost reduction plan

 

$

 

 

$

5,172

 

 

$

(3,594

)

 

$

(12

)

 

$

1,566

 

Aerospace

 

 

139

 

 

 

 

 

 

(139

)

 

 

 

 

 

 

Industrial

 

 

944

 

 

 

 

 

 

(944

)

 

 

 

 

 

 

Total

 

$

1,083

 

 

$

5,172

 

 

$

(4,677

)

 

$

(12

)

 

$

1,566

 

 

 

 

 

 

 

Period Activity

 

 

 

 

 

 

Balances as of September 30, 2021

 

 

Charges

 

 

Payments

 

 

Non-cash
activity

 

 

Balances as of June 30, 2022

 

Workforce management costs associated with:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Hydraulics Systems Realignment

 

$

3,758

 

 

$

 

 

$

(505

)

 

$

 

 

$

3,253

 

Engine Systems Realignment

 

 

1,250

 

 

 

 

 

 

 

 

 

 

 

 

1,250

 

Total

 

$

5,008

 

 

$

 

 

$

(505

)

 

$

 

 

$

4,503