LEASES (Tables)

12 Months Ended

Sep. 30, 2024

Leases [Abstract]

Schedule of Leases Recognized in Statement of Financial Position

The following is a summary of leases recognized on the Consolidated Statements of Financial Position as of September 30, 2024 and 2023:

(in millions)	Line Item	2024		2023
Assets
Operating	Operating lease assets	$	101.9	$	110.8
Finance	Property, plant and equipment, net	61.0		66.2
Total lease assets		$	162.9	$	177.0
Liabilities
Current
Operating	Other current liabilities	$	31.3	$	26.9
Finance	Current portion of long-term debt	9.4		8.6
Long-term
Operating	Long-term operating lease liabilities	87.0		95.6
Finance	Long-term debt, net of current portion	72.2		77.8
Total lease liabilities		$	199.9	$	208.9

Schedule of Components of Lease Costs, Cash Flow Disclosures, Lease Terms and Discount Rate

The components of lease costs recognized in the Consolidated Statements of Income for the year ended September 30, 2024, 2023, and 2022 are as follows:

(in millions)	2024		2023		2022
Operating lease cost	$	34.6	$	37.0	$	26.3
Finance lease cost
Amortization of leased assets	10.3		10.2		10.5
Interest on lease liability	4.5		4.8		5.2
Variable lease cost	13.0		12.4		10.8
Total lease cost	$	62.4	$	64.4	$	52.8

The following is a summary of cash paid for amounts included in the measurement of lease liabilities recognized in the Consolidated Statements of Cash Flow, including supplemental non-cash activity related to operating leases, for the year ended September 30, 2024, 2023, and 2022:

(in millions)	2024		2023		2022
Operating cash flow from operating leases	$	35.5	$	30.3	$	25.3
Operating cash flows from finance leases	4.5		4.8		5.1
Financing cash flows from finance leases	10.1		9.5		8.9
Supplemental non-cash flow disclosure
Acquisition of operating lease asset through lease obligations	25.2		66.9		30.4

The following is a summary of weighted-average lease term and discount rate at September 30, 2024 and 2023:

	2024		2023
Weighted average remaining lease term
Operating leases	4.0 years		4.6 years
Finance leases	8.0 years		8.7 years
Weighted average discount rate
Operating leases	6.0	%	5.5	%
Finance leases	5.4	%	5.3	%

Schedule of Future Lease Payments Under Finance Leases

At September 30, 2024, future lease payments under operating and finance leases were as follows:

(in millions)	Finance Leases		Operating Leases
2025	$	13.1	$	37.3
2026	13.6		32.0
2027	13.4		29.6
2028	13.1		25.1
2029	12.7		7.4
Thereafter	33.9		1.8
Total lease payments	99.8		133.2
Amount representing interest	(18.2)		(14.9)
Total minimum lease payments	$	81.6	$	118.3

Schedule of Future Lease Payments Under Operating Leases

At September 30, 2024, future lease payments under operating and finance leases were as follows:

(in millions)	Finance Leases		Operating Leases
2025	$	13.1	$	37.3
2026	13.6		32.0
2027	13.4		29.6
2028	13.1		25.1
2029	12.7		7.4
Thereafter	33.9		1.8
Total lease payments	99.8		133.2
Amount representing interest	(18.2)		(14.9)
Total minimum lease payments	$	81.6	$	118.3