Leases, Codification Topic 842 (Tables)

12 Months Ended

Sep. 30, 2020

Leases [Abstract]

Lease, Cost

The components of lease cost are presented below.

	Year ended September 30,
	2020		2019		2018
	(in millions)
Operating lease cost	$	6.3	$	5.8	$	6.4
Finance lease cost	1.3		1.0		0.8
Total lease expense	$	7.6	$	6.8	$	7.2

Schedule of Cash Flow, Supplemental Disclosures

Supplemental cash flow information is presented below.

	2020		2019		2018
	(in millions)
Cash paid, net:
Interest	$	24.3	$	22.2	$	8.9
Income taxes	$	15.3	$	29.1	$	10.7

Supplemental Balance Sheet - Leases

Supplemental information describing where lease-related assets and liabilities are reflected in the Condensed Consolidated Balance Sheet at September 30, 2020 is presented below, in millions.

Right of use assets:
Operating leases	Other noncurrent assets	$	25.6
Finance leases	Plant, property and equipment	2.5
Total right of use assets		$	28.1
Lease liabilities:
Operating leases - current	Other current liabilities	$	4.0
Operating leases - noncurrent	Other noncurrent liabilities	23.3
Finance leases - current	Current portion of long-term debt	1.1
Finance leases - noncurrent	Long-term debt	1.4
Total lease liabilities		$	29.8

Supplemental Information - Leases

Supplemental information related to lease terms and discount rates at September 30, 2020 is presented below.

Weighted-average remaining lease term (years):
Operating leases	7.87
Finance leases	2.52
Weighted-average interest rate:
Operating leases	5.64	%
Finance leases	4.96	%

Lease Maturity Schedule

Total lease liabilities at September 30, 2020 have scheduled maturities as follows:

	Operating Leases		Finance Leases
	(in millions)
2021	$	5.5	$	1.2
2022	4.8		0.9
2023	4.3		0.5
2024	4.1		0.1
2025	3.7		—
Thereafter	12.5		—
Total lease payments	34.9		2.7
Less: imputed interest	7.6		0.2
Present value of lease liabilities	$	27.3	$	2.5

ScheduleOfCashFlowSupplementalDisclosures - Leases

Supplemental cash flow information related to leases for the year ended September 30, 2020 is presented below, in millions.

Operating cash used for operating leases	$	6.1
Financing cash used for finance leases	$	1.3