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Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Mar. 31, 2021
Mar. 31, 2020
Income Statement [Abstract]        
Net sales $ 1,318.0 $ 1,197.1 $ 2,894.5 $ 2,612.5
Cost of products sold 985.2 926.7 2,162.0 2,001.9
Gross profit 332.8 270.4 732.5 610.6
Operating expense:        
Selling, general and administrative 267.8 262.7 533.0 536.0
Depreciation 14.6 14.5 28.5 30.3
Amortization 27.6 168.8 53.1 200.8
Total operating expense 310.0 446.0 614.6 767.1
Income (loss) from operations 22.8 (175.6) 117.9 (156.5)
Interest expense, financing costs, and other 28.6 23.6 58.6 62.1
Loss on debt extinguishment 9.5 0.0 9.5 [1] 14.7 [1]
Income (loss) from continuing operations before income taxes (15.3) (199.2) 49.8 (233.3)
Provision for (benefit from) income taxes (4.8) (77.9) 12.9 (88.0)
Net income (loss) from continuing operations (10.5) (121.3) 36.9 (145.3)
Net income (loss) from discontinued operations [2] 4.2 (1.3) (263.7) (0.7)
Net income (loss) (6.3) (122.6) (226.8) (146.0)
Dividends on Preferred Stock 6.0 6.0 12.0 12.0
Net income (loss) attributable to common shareholders $ (12.3) $ (128.6) $ (238.8) $ (158.0)
Weighted-average common stock outstanding:        
Basic 69,600,000 68,800,000 69,400,000 68,700,000
Diluted 69,600,000 68,800,000 70,300,000 68,700,000
Net income (loss) per share:        
Basic - Continuing operations [3] $ (0.24) $ (1.85) $ 0.36 $ (2.29)
Basic - Discontinued operations [3] 0.06 (0.02) (3.80) (0.01)
Basic net income (loss) per share [3] (0.18) (1.87) (3.44) (2.30)
Diluted - Continuing operations [3] (0.24) (1.85) 0.35 (2.29)
Diluted - Discontinued operations [3] 0.06 (0.02) (3.75) (0.01)
Diluted net income (loss) per share [3] $ (0.18) $ (1.87) $ (3.40) $ (2.30)
[1] Unless otherwise noted, amounts include both continuing and discontinued operations.
[2] See Note 3 for additional information.
[3] See Note 5 for detailed calculations and further discussion.