Financing Arrangements (Tables)

12 Months Ended

Sep. 30, 2020

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

The following table summarizes all financing arrangements from the respective periods presented (in millions):

	September 30,
	2020			2019
Revolving Lines of Credit
2023 ABL:
U.S. Revolver1	$	251.1		$	81.0
Current portion		—			—
Borrowings under revolving lines of credit, net	$	251.1		$	81.0
Long-term Debt, net
Term Loans:
2025 Term Loan2	$	922.3		$	926.5
Current portion		(9.7	)		(9.7	)
Long-term borrowings under term loan		912.6			916.8
Senior Notes:
2023 Senior Notes3		—			294.9
2025 Senior Notes4		1,285.7			1,282.9
2026 Senior Notes5		295.9			—
Current portion		—			—
Long-term borrowings under senior notes		1,581.6			1,577.8
Long-term debt, net	$	2,494.2		$	2,494.6
Equipment Financing Facilities, net
Equipment financing facilities6	$	2.6		$	6.9
Capital lease obligations7		—			6.7
Current portion		(2.6	)		(9.0	)
Long-term obligations under equipment financing, net	$	—		$	4.6

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^{1 Effective rate on borrowings of 1.89% and 5.41% as of September 30, 2020 and 2019, respectively.}

^{2 Interest rate of 2.41% and 4.36% as of September 30, 2020 and 2019, respectively.}

^{3 Interest rate of 6.38% as of September 30, 2019.}

^{4 Interest rate of 4.88% for all periods presented.}

^{5 Interest rate of 4.50% as of September 30, 2020.}  

^{6 Fixed interest rates ranging from 2.33% to 2.89% for all periods presented.}

^{7 As of October 1, 2019, in connection with the adoption of ASU 2016-02, capital lease obligations that were formerly included in equipment financing facilities are included either in accrued expenses or other long-term liabilities on the consolidated balance sheets (see Notes 2 and 11 for further discussion).}

Schedule of Maturities of Long-term Debt

The following table presents annual principal payments for all outstanding financing arrangements for each of the next five years and thereafter (in millions):

Year Ending September 30,	2023 ABL			2025 Term Loan			Senior Notes1			Equipment Financing Facilities		Total
2021	$	—		$	9.7		$	—		$	2.6	$	12.3
2022		—			9.7			—			—		9.7
2023		257.0			9.7			—			—		266.7
2024		—			9.7			—			—		9.7
2025		—			906.9			—			—		906.9
Thereafter		—			—			1,600.0			—		1,600.0
Total debt		257.0			945.7			1,600.0			2.6		2,805.3
Unamortized debt issuance costs		(5.9	)		(23.4	)		(18.4	)		—		(47.7	)
Total long-term debt	$	251.1		$	922.3		$	1,581.6		$	2.6	$	2,757.6

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^{1 Represent principal amounts for 2025 Senior Notes and 2026 Senior Notes.}