XML 31 R15.htm IDEA: XBRL DOCUMENT v3.19.1
Property, Plant And Equipment
 6 Months Ended
Mar. 31, 2019
Property, Plant And Equipment [Abstract]  
Property, Plant And Equipment

NOTE 9 – PROPERTY, PLANT AND EQUIPMENT



Property, plant and equipment consist of the following:





 

 

 

 

 

 

(in millions)

 

March 31, 2019

 

September 30, 2018

Land, buildings and improvements

 

$

 161.3 

 

$

 161.2 

Machinery, equipment and other

 

 

 509.5 

 

 

 489.3 

Capital leases

 

 

 197.7 

 

 

 199.6 

Construction in progress

 

 

 29.6 

 

 

 32.3 

Property, plant and equipment

 

$

 898.1 

 

$

 882.4 

Accumulated depreciation

 

 

 (428.3)

 

 

 (382.4)

Property, plant and equipment, net

 

$

 469.8 

 

$

 500.0 



Depreciation expense from property, plant and equipment for the three month periods ended March 31, 2019 and 2018 was $19.3 million and $18.6 million, respectively; and for the six month periods ended March 31, 2019 and 2018 was $52.5 and $39.2, respectively. During the first quarter of fiscal year 2019 the Company recognized incremental depreciation of $13.5 million attributable to depreciation on property plant and equipment of assets of HPC that were previously held for sale.  See Note 3 – Divestitures for further discussion of the change in plan to sell the HPC division.