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Supplemental Balance Sheet Information (Tables)
 12 Months Ended
Sep. 30, 2022
Supplemental Balance Sheet Information [Abstract]  
Schedule of Cash and Cash Equivalents
The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the Consolidated Balance Sheets to the totals shown within the Consolidated Statements of Cash Flows for the years ended September 30:

(In millions)202220212020
Cash and cash equivalents - continuing operations$23.4 $122.6 $639.7 
Cash and cash equivalents - discontinued operations59.0 107.4 119.9 
Restricted cash - continuing operations (a)
— — 0.3 
Restricted cash - discontinued operations (b)
1.5 1.4 0.6 
Total cash, cash equivalents and restricted cash$83.9 $231.4 $760.5 
(a)Included in Prepaid expenses and other current assets within the Consolidated Balance Sheets.
(b)Included in Current assets held for sale with the Consolidated Balance Sheets.
Summary of Accounts Receivable
The following summarizes Valvoline’s accounts and other receivables in the Consolidated Balance Sheets as of September 30:

(In millions)20222021
Current
Trade$56.2 $50.0 
Other14.3 5.4 
Notes receivable from franchisees0.2 10.2 
Receivables, gross70.7 65.6 
Allowance for credit losses(4.6)(0.3)
Receivables, net$66.1 $65.3 
Summary of Property, Plant and Equipment
The following table summarizes the various components of property, plant and equipment within the Consolidated Balance Sheets as of September 30:

(In millions)20222021
Land $134.7 $119.3 
Buildings
562.8 471.2 
Machinery and equipment236.0 211.6 
Construction in progress82.4 53.5 
Total property, plant and equipment1,015.9 855.6 
Accumulated depreciation(347.3)(295.8)
Net property, plant and equipment$668.6 $559.8 
The following table summarizes finance lease assets included in net property, plant and equipment as of September 30:

(In millions)20222021
Land $75.3 $63.9 
Buildings
141.8 131.5 
Total finance lease assets217.1 195.4 
Accumulated depreciation (34.2)(20.1)
Net finance lease assets $182.9 $175.3 
The following summarizes expense associated with property, plant and equipment recognized within the Consolidated Statements of Comprehensive Income for the years ended September 30:

(In millions)202220212020
Depreciation (includes finance leases)$54.7 $46.8 $31.2 
Property, Plant and Equipment by Geographic Area
Long-lived assets

The following presents long-lived assets comprised of net property, plant and equipment and operating lease assets by geographic area in which the assets physically reside for the years ended September 30:

Property, plant and equipment, netOperating lease assets
(In millions)2022202120222021
United States$647.7 $550.8 $229.0 $208.1 
Non-U.S.20.9 9.0 19.1 18.0 
Total$668.6 $559.8 $248.1 $226.1