Leases

12 Months Ended

Sep. 30, 2025

Leases [Abstract]

Leases

Leases

For the years ended September 30, 2025 and 2024, the Company recognized $35.9 and $33.5 of operating lease expense, including short-term lease expense and variable lease costs, which were immaterial, in both periods.

The following table presents supplemental Consolidated Balance Sheet information related to the Company’s operating leases as of:

	September 30,
	2025			2024
Operating lease right-of-use assets, net	$	104.1		$	168.7
Other current liabilities	19.6			22.0
Operating lease liabilities	77.1			141.1
Total operating lease liabilities	$	96.7		$	163.1
Weighted-average remaining lease term (in years)	5.6			10.3
Weighted-average discount rate	4.3		%	6.3		%

As of September 30, 2025, the maturities of the Company’s operating lease liabilities were as follows:

2026	$	23.7
2027	20.6
2028	17.8
2029	15.7
2030	14.4
Thereafter	16.8
Total lease payments	109.0
Less: imputed interest	(12.3)
Total present value of lease payments	$	96.7

Supplemental Consolidated Statements of Cash Flows information is as follows:

	Year Ended September 30,
	2025		2024
Cash paid for amounts included in the measurement of operating lease liabilities	$	24.9	$	26.9
Operating lease right-of-use assets obtained in exchange for new operating lease liabilities	18.5		66.5
Operating leases acquired in business combinations	—		3.1

The Company entered into a one-time sale-leaseback transaction during the year ended September 30, 2024 for two of its industrial properties. The Company received net proceeds of $53.7 and recognized a gain of $33.7, which is included in gain on sale of property, plant, and equipment in the Consolidated Statement of Operations for the year ended September 30, 2024.