Accumulated Other Comprehensive (Loss)/Income (Tables)

9 Months Ended

Jun. 30, 2023

Equity [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss)

The following table presents the changes in accumulated other comprehensive (loss)/income (AOCI), net of tax by component:

	Foreign Currency Translation Adjustments		Pension Activity		Zinc Contracts		Foreign Currency Contracts		Interest Rate Contracts		Total
Balance at September 30, 2022	$	(77.7)	$	(140.5)	$	(4.6)	$	11.7	$	65.8	$	(145.3)
OCI before reclassifications	(14.6)		1.5		(1.6)		(8.2)		7.0		(15.9)
Reclassifications to earnings	—		1.6		0.5		(6.1)		(14.0)		(18.0)
Balance at June 30, 2023	$	(92.3)	$	(137.4)	$	(5.7)	$	(2.6)	$	58.8	$	(179.2)

Reclassification out of Accumulated Other Comprehensive Income

The following table presents the reclassifications out of AOCI to earnings:

	For the Quarters Ended June 30,				For the Nine Months Ended June 30,
	2023		2022		2023		2022
Details of AOCI Components	Amount Reclassified from AOCI (1)				Amount Reclassified from AOCI (1)				Affected Line Item in the Combined Statements of Earnings
Gains and losses on cash flow hedges
Foreign currency contracts	$	(0.7)	$	(2.7)	$	(8.3)	$	(5.5)	Cost of products sold
Interest rate contracts	(7.1)		1.3		(18.3)		4.8		Interest expense
Zinc contracts	0.9		(2.3)		0.6		(6.8)		Cost of products sold
	(6.9)		(3.7)		(26.0)		(7.5)		Earnings before income taxes
	1.6		0.9		6.4		1.8		Income tax expense
	$	(5.3)	$	(2.8)	$	(19.6)	$	(5.7)	Net earnings
Amortization of defined benefit pension items
Actuarial loss	0.7		1.9		2.0		5.5		(2)
	(0.1)		(0.4)		(0.4)		(1.3)		Income tax benefit
	$	0.6	$	1.5	$	1.6	$	4.2	Net loss
Total reclassifications to earnings	$	(4.7)	$	(1.3)	$	(18.0)	$	(1.5)	Net earnings

(1) Amounts in parentheses indicate credits to Consolidated (Condensed) Statement of Earnings and Comprehensive Income.

(2) This AOCI component is included in the computation of net periodic pension benefit/(cost) (see Note 9, Pension Plans, for further details).