Pension Plans

9 Months Ended

Jun. 30, 2023

Retirement Benefits [Abstract]

Pension Plans

Pension Plans The Company has several defined benefit pension plans covering many of its employees in the U.S. and certain employees in other countries. The plans provide retirement benefits based on various factors including years of service and in certain circumstances, earnings. Most plans are now frozen to new entrants and for additional service.

The Company’s net periodic pension cost/(benefit) for these plans are as follows:

	For the Quarters Ended June 30,
	U.S.				International
	2023		2022		2023		2022
Service cost	$	—	$	—	$	—	$	0.2
Interest cost	5.1		3.2		0.9		0.5
Expected return on plan assets	(5.2)		(5.7)		(0.8)		(0.9)
Amortization of unrecognized net losses	0.5		1.7		0.2		0.2
Net periodic cost/(benefit)	$	0.4	$	(0.8)	$	0.3	$	—
	For the Nine Months Ended June 30,
	U.S.				International
	2023		2022		2023		2022
Service cost	$	—	$	—	$	0.2	$	0.6
Interest cost	15.3		9.6		2.6		1.4
Expected return on plan assets	(15.7)		(17.1)		(2.2)		(2.6)
Amortization of unrecognized net losses	1.6		4.9		0.4		0.6
Net periodic (benefit)/cost	$	1.2	$	(2.6)	$	1.0	$	—

The service cost component of the net periodic cost/(benefit) above is recorded in Selling, general and administrative expense on the Consolidated (Condensed) Statement of Earnings and Comprehensive Income, while the remaining components are recorded to Other items, net.

The Company also sponsors or participates in a number of other non-U.S. pension arrangements, including various retirement and termination benefit plans, some of which are required by local law or coordinated with government-sponsored plans, which are not significant in the aggregate and, therefore, are not included in the information presented above.