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Accrued Liabilities (Tables)
12 Months Ended
Sep. 30, 2023
Accrued Liabilities [Line Items]  
Accrued Liabilities

 

 

September 30, 2023

 

 

September 30, 2022

 

Salaries and other member benefits

 

$

146,713

 

 

$

75,665

 

Product warranties and related liabilities (1)

 

 

18,162

 

 

 

40,042

 

Interest payable

 

 

13,611

 

 

 

13,481

 

Accrued retirement benefits

 

 

2,822

 

 

 

2,779

 

Net current contract liabilities (Note 3)

 

 

33,748

 

 

 

30,663

 

Current portion of accrued restructuring charges

 

 

 

 

 

1,083

 

Taxes, other than income

 

 

13,436

 

 

 

21,159

 

Other

 

 

34,124

 

 

 

21,411

 

 

 

$

262,616

 

 

$

206,283

 

(1)
In fiscal year 2022, product warranties and related liabilities include 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:

 

 

Year Ended September 30,

 

 

 

2023

 

 

2022

 

 

2021

 

Beginning of period

 

$

40,042

 

 

$

17,481

 

 

$

18,972

 

Additions, net of recoveries

 

 

25,984

 

 

 

29,827

 

 

 

1,164

 

Reductions for settlement

 

 

(47,949

)

 

 

(6,937

)

 

 

(2,718

)

Foreign currency exchange rate changes

 

 

85

 

 

 

(329

)

 

 

63

 

End of period

 

$

18,162

 

 

$

40,042

 

 

$

17,481

 

 

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

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

 

 

 

 

 

Period Activity

 

 

 

 

 

 

September 30, 2022

 

 

Charges

 

 

Payments

 

 

Non-cash
activity

 

 

September 30, 2023

 

Workforce management costs associated with:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost reduction plan

 

$

 

 

$

5,172

 

 

$

(5,207

)

 

$

35

 

 

$

 

Aerospace

 

 

139

 

 

 

 

 

 

(139

)

 

 

 

 

 

 

Industrial

 

 

944

 

 

 

 

 

 

(944

)

 

 

 

 

 

 

Total

 

$

1,083

 

 

$

5,172

 

 

$

(6,290

)

 

$

35

 

 

$

 

 

 

 

 

 

 

Period Activity

 

 

 

 

 

 

September 30, 2021

 

 

Charges

 

 

Payments

 

 

Non-cash
activity

 

 

September 30, 2022

 

Workforce management costs associated with:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Hydraulics Systems Realignment

 

$

3,758

 

 

$

 

 

$

(505

)

 

$

(3,253

)

 

$

 

Engine Systems Realignment

 

 

1,250

 

 

 

 

 

 

 

 

 

(1,250

)

 

 

 

Aerospace

 

 

 

 

 

139

 

 

 

 

 

 

 

 

 

139

 

Industrial

 

 

 

 

 

944

 

 

 

 

 

 

 

 

 

944

 

Total

 

$

5,008

 

 

$

1,083

 

 

$

(505

)

 

$

(4,503

)

 

$

1,083