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Leases
9 Months Ended
Jun. 30, 2022
Leases [Abstract]  
Leases

Note 12. Leases

 

We lease various real estate, including certain operating facilities, warehouses, office space and land. We also lease material handling equipment, vehicles and certain other equipment. Our total lease cost, net was $88.3 million and $258.1 million during the three and nine months ended June 30, 2022, respectively. Our total lease cost, net was $81.3 million and $241.4 million during the three and nine months ended June 30, 2021, respectively. We obtained $131.7 million and $137.6 million of ROU assets in exchange for lease liabilities during the nine months ended June 30, 2022 and 2021, respectively.

 

Supplemental Balance Sheet Information Related to Leases

 

The table below presents supplemental balance sheet information related to leases (in millions):

 

 

 

Condensed Consolidated Balance
 Sheet Caption

 

June 30,
2022

 

 

September 30,
2021

 

Operating leases:

 

 

 

 

 

 

 

 

Operating lease right-of-use asset

 

Other assets

 

$

678.1

 

 

$

676.0

 

 

 

 

 

 

 

 

 

 

Current operating lease liabilities

 

Other current liabilities

 

$

184.9

 

 

$

177.9

 

Operating lease liabilities

 

Other long-term liabilities

 

 

535.0

 

 

 

537.9

 

Total operating lease liabilities

 

 

 

$

719.9

 

 

$

715.8

 

 

 

 

 

 

 

 

 

 

Finance leases:

 

 

 

 

 

 

 

 

Property, plant and equipment

 

 

 

$

144.1

 

 

$

143.2

 

Accumulated depreciation

 

 

 

 

(34.8

)

 

 

(28.3

)

Property, plant and equipment,
   net

 

 

 

$

109.3

 

 

$

114.9

 

 

 

 

 

 

 

 

 

 

Current finance lease liabilities

 

Current portion of debt

 

$

7.9

 

 

$

8.7

 

Noncurrent finance lease liabilities

 

Long-term debt due after one year

 

 

249.1

 

 

 

255.4

 

Total finance lease liabilities

 

 

 

$

257.0

 

 

$

264.1

 

 

Our finance lease portfolio includes certain assets that are either fully depreciated or transferred for which the lease arrangement requires a one-time principal repayment on the maturity date of the lease obligation.