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Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Income Statement [Abstract]        
Net sales $ 1,872.1 $ 1,549.3 $ 4,766.6 $ 4,161.7
Cost of products sold 1,354.7 1,180.6 3,516.7 3,182.5
Gross profit 517.4 368.7 1,249.9 979.2
Operating expense:        
Selling, general and administrative 296.3 248.5 829.3 784.5
Depreciation 15.1 14.1 43.6 44.4
Amortization 25.2 30.9 78.3 231.7
Total operating expense 336.6 293.5 951.2 1,060.6
Income (loss) from operations 180.8 75.2 298.7 (81.4)
Interest expense, financing costs, and other 23.2 35.2 81.8 97.3
Loss on debt extinguishment 50.7 0.0 60.2 14.7
Income (loss) from continuing operations before income taxes 106.9 40.0 156.7 (193.4)
Provision for (benefit from) income taxes 27.1 44.1 40.0 (43.9)
Net income (loss) from continuing operations 79.8 (4.1) 116.7 (149.5)
Net income (loss) from discontinued operations [1] (3.3) (2.6) (267.0) (3.3)
Net income (loss) 76.5 (6.7) (150.3) (152.8)
Dividends on Preferred Stock 6.0 6.0 18.0 18.0
Net income (loss) attributable to common stockholders $ 70.5 $ (12.7) $ (168.3) $ (170.8)
Weighted-average common stock outstanding:        
Basic 69,900,000 68,800,000 69,600,000 68,800,000
Diluted 71,300,000 68,800,000 70,700,000 68,800,000
Net income (loss) per share:        
Basic - Continuing operations [2] $ 0.93 $ (0.14) $ 1.42 $ (2.43)
Basic - Discontinued operations [2] (0.04) (0.04) (3.84) (0.05)
Basic net income (loss) per share [2] 0.89 (0.18) (2.42) (2.48)
Diluted - Continuing operations [2] 0.91 (0.14) 1.40 (2.43)
Diluted - Discontinued operations [2] (0.04) (0.04) (3.78) (0.05)
Diluted net income (loss) per share [2] $ 0.87 $ (0.18) $ (2.38) $ (2.48)
[1] See Note 3 for additional information.
[2] See Note 5 for detailed calculations and further discussion.