XML 37 R8.htm IDEA: XBRL DOCUMENT v3.23.3
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities      
Net income $ 1,419.7 $ 424.3 $ 420.3
Adjustments to reconcile net income to cash flows from operating activities:      
Income from discontinued operations (1,220.3) (314.9) (220.2)
Loss on extinguishment of debt 0.0 0.0 36.4
Depreciation and amortization 88.8 71.4 62.1
Deferred income taxes 33.6 18.0 56.9
(Gain) loss on pension and other postretirement plan remeasurements (41.6) 43.9 (74.3)
Stock-based compensation expense 12.2 14.4 13.7
Other, net 11.9 4.2 3.4
Change in assets and liabilities      
Receivables 26.4 (17.5) (17.4)
Inventories (3.3) (5.4) (5.3)
Payables and accrued liabilities 111.3 24.5 26.7
Other assets and liabilities (85.7) (128.5) (120.1)
Operating cash flows from continuing operations 353.0 134.4 182.2
Operating cash flows from discontinued operations (393.8) 149.8 221.7
Total cash (used in) provided by operating activities (40.8) 284.2 403.9
Cash flows from investing activities      
Additions to property, plant and equipment (180.5) (132.0) (103.1)
Acquisitions of businesses (36.3) (50.7) (281.7)
Purchases of investments (440.4) 0.0 0.0
Proceeds from maturities of short-term investments 80.0 0.0 0.0
Other investing activities, net 0.0 11.8 26.1
Investing cash flows from continuing operations (577.2) (170.9) (358.7)
Investing cash flows from discontinued operations 2,620.9 (36.7) (41.2)
Total cash provided by (used in) investing activities 2,043.7 (207.6) (399.9)
Cash flows from financing activities      
Proceeds from borrowings, net of issuance costs of $3.0 million and $7.1 million in 2023 and 2021, respectively 921.0 23.0 527.9
Repayments on borrowings (920.9) (38.1) (800.0)
Premium paid to extinguish debt 0.0 0.0 (26.2)
Repurchases of common stock (1,524.8) (142.6) (126.9)
Cash dividends paid (21.8) (89.2) (90.9)
Other financing activities (19.0) (16.0) (10.0)
Financing cash flows from continuing operations (1,565.5) (262.9) (526.1)
Financing cash flows from discontinued operations (108.1) 44.0 (9.4)
Total cash used in financing activities (1,673.6) (218.9) (535.5)
Effect of currency exchange rate changes on cash, cash equivalents and restricted cash (0.1) (5.2) 2.4
Increase (decrease) in cash, cash equivalents and restricted cash 329.2 (147.5) (529.1)
Cash, cash equivalents and restricted cash - beginning of year 83.9 231.4 760.5
Cash, cash equivalents and restricted cash - end of year 413.1 83.9 231.4
Interest paid 69.6 59.4 62.1
Income taxes paid $ 373.8 $ 73.9 $ 72.3