Supplemental Financial Information

3 Months Ended

Dec. 31, 2024

Supplemental Financial Information [Abstract]

SUPPLEMENTAL FINANCIAL INFORMATION

Cash, cash equivalents and restricted cash

The following provides a reconciliation of cash, cash equivalents and restricted cash reported within the Condensed Consolidated Statements of Cash Flows to the Condensed Consolidated Balance Sheets:


(In millions)	December 31 2024		September 30 2024		December 31 2023
Cash and cash equivalents - continuing operations	$	60.0	$	68.3	$	420.7


Restricted cash - continuing operations (a)	0.4		0.4		—

Total cash, cash equivalents and restricted cash	$	60.4	$	68.7	$	420.7

(a)Included in Prepaid expenses and other current assets within the Condensed Consolidated Balance Sheets.

Accounts and other receivables

The following summarizes Valvoline’s accounts and other receivables in the Condensed Consolidated Balance Sheets as of:


(In millions)	December 31 2024		September 30 2024
Current
Trade	$	73.3	$	73.2
Notes receivable from franchisees	5.7		5.4
Other	7.3		9.1
Receivables, gross	86.3		87.7
Allowance for credit losses	(1.6)		(1.3)
Receivables, net	$	84.7	$	86.4

Non-current (a)

Notes receivable	$	2.5	$	2.5
Other	4.5		4.4
Noncurrent notes receivable, gross	7.0		6.9
Allowance for losses	(2.6)		(2.6)
Noncurrent notes receivable, net	$	4.4	$	4.3

(a)Included in Other noncurrent assets within the Condensed Consolidated Balance Sheets.

Revenue recognition

The following disaggregates the Company’s net revenues by timing of revenue recognized:


	Three months ended December 31

(In millions)	2024		2023
Net revenues transferred at a point in time	$	394.1	$	355.9
Franchised revenues transferred over time	20.2		17.5
Net revenues	$	414.3	$	373.4

The following table summarizes net revenues by category:


	Three months ended December 31

(In millions)	2024		2023
Retail Services
Oil changes and related fees	$	301.7	$	277.5
Non-oil changes and related fees	91.4		78.2
Franchise fees and other	21.2		17.7
Total	$	414.3	$	373.4