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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2021
Sep. 30, 2020
Mar. 31, 2020
Current assets:      
Cash and cash equivalents $ 619.3 $ 624.6 $ 781.2
Accounts receivable, less allowance of $21.0, $17.9 and $14.3 as of March 31, 2021, September 30, 2020 and March 31, 2020, respectively 759.5 885.2 753.2
Inventories, net 1,087.1 871.4 951.2
Prepaid expenses and other current assets 312.2 351.8 273.1
Current assets held for sale   243.8 273.3
Total current assets 2,778.1 2,976.8 3,032.0
Property and equipment, net 218.9 207.8 206.7
Goodwill 1,761.3 1,756.1 1,754.3
Intangibles, net 465.0 518.0 579.1
Operating lease assets 368.5 376.2 387.6
Deferred income taxes, net 90.2    
Other assets, net 6.4 2.1  
Non-current assets held for sale   1,120.5 1,150.3
Total assets 5,688.4 6,957.5 7,110.0
Current liabilities:      
Accounts payable 689.0 885.8 587.8
Accrued expenses 575.8 509.7 316.6
Current operating lease liabilities 85.2 84.0 82.6
Current portions of long-term debt/obligations 10.7 12.3 13.4
Current liabilities held for sale   139.4 117.4
Total current liabilities 1,360.7 1,631.2 1,117.8
Borrowings under revolving lines of credit, net   251.1 1,001.6
Long-term debt, net 2,079.3 2,494.2 2,494.8
Deferred income taxes, net   71.8 43.0
Non-current operating lease liabilities 283.0 290.5 301.9
Long-term obligations under equipment financing, net     1.0
Other long-term liabilities 12.9 5.2 0.3
Non-current liabilities held for sale   53.4 56.2
Total liabilities 3,735.9 4,797.4 5,016.6
Commitments and contingencies (Note 10)
Convertible Preferred Stock; $0.01 par value; aggregate liquidation preference $400.0; 0.4 shares authorized, issued and outstanding as of March 31, 2021, September 30, 2020 and March 31, 20201 [1] 399.2 399.2 399.2
Stockholders' equity:      
Common stock (voting); $0.01 par value; 100.0 shares authorized; 69.8, 69.0 and 68.8 shares issued and outstanding as of March 31, 2021, September 30, 2020 and March 31, 2020, respectively 0.7 0.7 0.7
Undesignated preferred stock; 5.0 shares authorized, none issued or outstanding 0.0 0.0 0.0
Additional paid-in capital 1,126.2 1,100.6 1,091.4
Retained earnings 451.2 694.3 641.2
Accumulated other comprehensive income (loss) (24.8) (34.7) (39.1)
Total stockholders' equity 1,553.3 1,760.9 1,694.2
Total liabilities and stockholders' equity $ 5,688.4 $ 6,957.5 $ 7,110.0
[1] See Note 5 for additional information.