CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Sep. 30, 2025	Sep. 30, 2024
Current Assets
Cash and cash equivalents	$ 164.8	$ 199.3
Trade receivables, net	297.3	350.1
Receivables from long-term manufacturing contracts	278.8	302.7
Inventories, net	344.0	525.2
Prepaid Expense and Other Assets, Current	156.6	132.6
Total current assets	1,241.5	1,509.9
Property, plant, and equipment, net	238.5	316.6
Operating lease right-of-use assets, net	104.1	168.7
Intangible assets, net	1,136.0	1,285.9
Goodwill	1,601.4	1,835.7
Equity method investments	69.2	9.4
Other long-term assets	76.4	112.5
Total Assets	4,467.1	5,238.7
Current Liabilities
Trade accounts payable	364.4	444.8
Liabilities from long-term manufacturing contracts and advances	241.9	315.2
Current portion of long-term debt	22.8	20.6
Accrued compensation	109.0	122.0
Other current liabilities	282.6	286.5
Total current liabilities	1,020.7	1,189.1
Long-term debt	1,502.0	1,872.4
Accrued pension and postretirement healthcare	82.5	109.3
Operating lease liabilities	77.1	141.1
Deferred income taxes	190.0	314.3
Other long-term liabilities	170.6	155.1
Total Liabilities	3,042.9	3,781.3
Commitments and contingencies (Note 12)
SHAREHOLDERS’ EQUITY
Common stock, no par value (75.8 and 75.8 shares issued, 70.5 and 70.2 shares outstanding)	0.0	0.0
Additional paid-in capital	717.9	712.6
Retained earnings	1,024.0	1,045.2
Treasury stock (5.3 and 5.6 shares), at cost	(227.1)	(238.2)
Accumulated other comprehensive loss	(128.1)	(96.6)
Hillenbrand Shareholders’ Equity	1,386.7	1,423.0
Noncontrolling interests	37.5	34.4
Total Shareholders’ Equity	1,424.2	1,457.4
Total Liabilities and Equity	$ 4,467.1	$ 5,238.7