Acquisition (Tables)

3 Months Ended

Dec. 31, 2020

Business Combinations [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table outlines the preliminary purchase price allocation as of the date of acquisition:

Trade receivables	$	1.8
Inventories	0.1
Goodwill	29.2
Other intangible assets, net	20.5
Operating lease assets	0.5
Accounts payable	(0.2)
Current operating lease liabilities	(0.2)
Other current liabilities	(0.2)
Operating lease liabilities	(0.3)
Net assets acquired	$	51.2

The following table outlines the purchase price allocation as of the date of acquisition:

Cash and cash equivalents	$	1.7
Trade receivables	4.3
Inventories	8.3
Other current assets	0.6
Property, plant and equipment, net	19.6
Other assets	0.7
Accounts payable	(10.0)
Other current liabilities	(1.2)
Other liabilities	(6.4)
Net assets acquired	$	17.6

Schedule of Acquired Finite-Lived Intangible Assets by Major Class

The table below identifies the initial estimate for purchased intangible assets of $20.5:

	Total		Weighted Average Useful Lives
Proprietary technology	$	19.5	7
Customer relationships	1.0		15
Total Other intangible assets, net	$	20.5