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Leases (Tables)
12 Months Ended
Sep. 30, 2024
Leases [Abstract]  
Summary of Lease-Related Assets and Liabilities

The following table summarizes the lease-related assets and liabilities recorded in the Consolidated Balance Sheets at September 30, 2024 and 2023:

 

 

 

Fiscal Year Ended

 

 

 

September 30, 2024

 

 

September 30, 2023

 

Operating leases:

 

 

 

 

 

 

Right-of-use asset

 

$

81.3

 

 

$

86.1

 

Current portion of lease liabilities

 

 

24.9

 

 

 

27.3

 

Lease liabilities

 

 

62.6

 

 

 

65.1

 

Total operating lease liabilities

 

$

87.5

 

 

$

92.4

 

 

 

 

 

 

 

 

Finance leases:

 

 

 

 

 

 

Right-of-use asset(1)

 

$

67.7

 

 

$

41.3

 

Current portion of lease liabilities(2)

 

 

37.0

 

 

 

21.5

 

Lease liabilities(3)

 

 

31.2

 

 

 

21.3

 

Total finance lease liabilities

 

$

68.2

 

 

$

42.8

 

(1) Included in “Property and equipment, net” in the Consolidated Balance Sheets.

(2) Included in “Accrued expenses and other liabilities” in the Consolidated Balance Sheets.

(3) Included in “Other liabilities” in the Consolidated Balance Sheets.
Summary of Weighted-average Remaining Lease Terms and Incremental Borrowing Rates

The weighted-average remaining lease terms and incremental borrowing rates as of September 30, 2024 and 2023 were as follows:

 

 

 

Fiscal Year Ended

 

 

 

September 30, 2024

 

 

September 30, 2023

 

Operating leases:

 

 

 

 

 

 

Weighted-average remaining lease term (years)

 

 

4.4

 

 

 

4.7

 

Weighted-average incremental borrowing rate

 

 

4.9

%

 

 

4.0

%

 

 

 

 

 

 

 

Finance leases:

 

 

 

 

 

 

Weighted-average remaining lease term (years)

 

 

2.4

 

 

 

2.4

 

Weighted-average incremental borrowing rate

 

 

5.9

%

 

 

3.8

%

Summary of Components of Lease Cost for Operating and Finance Leases

The components of lease cost for operating and finance leases for the fiscal year ended September 30, 2024 and 2023 were as follows:

 

 

 

Fiscal Year Ended

 

 

 

September 30, 2024

 

 

September 30, 2023

 

Operating lease cost

 

$

31.5

 

 

$

32.1

 

Finance lease cost:

 

 

 

 

 

 

Amortization of right-of-use asset

 

 

34.7

 

 

 

27.0

 

Interest on lease liabilities

 

 

3.2

 

 

 

1.6

 

Total finance lease cost

 

 

37.9

 

 

 

28.6

 

Short-term lease cost

 

 

22.1

 

 

 

23.7

 

Variable lease costs not included in lease liability

 

 

3.8

 

 

 

3.3

 

Sublease income

 

 

(0.7

)

 

 

(0.7

)

Total lease cost

 

$

94.6

 

 

$

87.0

 

Summary of Supplemental Cash Flow Information

Supplemental cash flow information for the fiscal year ended September 30, 2024 and 2023 were as follows:

 

 

 

Fiscal Year Ended

 

 

 

September 30, 2024

 

 

September 30, 2023

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

 

 

Operating cash flows from operating leases

 

$

27.7

 

 

$

28.9

 

Operating cash flows from finance leases

 

 

3.2

 

 

 

1.6

 

Financing cash flows from finance leases

 

 

36.3

 

 

 

27.6

 

 

 

 

 

 

 

 

Non-cash items:

 

 

 

 

 

 

Right-of-use Assets Obtained In Exchange For New Operating Liabilities

 

27.1

 

 

33.4

 

Right-of-use Assets Obtained In Exchange For New Finance Liabilities

 

65.4

 

 

26.3

 

Summary of Maturities of Operating and Finance Lease Liabilities

Maturities of operating and finance lease liabilities as of September 30, 2024 were as follows:

 

Fiscal Year

 

Operating Lease

 

 

Finance Lease

 

2025

 

$

28.5

 

 

$

40.0

 

2026

 

 

23.4

 

 

 

21.3

 

2027

 

 

16.7

 

 

 

7.1

 

2028

 

 

11.5

 

 

 

3.2

 

2029

 

 

7.2

 

 

 

1.3

 

Thereafter

 

 

10.7

 

 

 

0.2

 

Total net lease payments

 

 

98.0

 

 

 

73.1

 

Less: Amounts representing interest

 

 

(10.5

)

 

 

(4.9

)

Total lease liabilities

 

 

87.5

 

 

 

68.2

 

Less: Current portion of lease liabilities

 

 

(24.9

)

 

 

(37.0

)

Non-current lease liabilities

 

$

62.6

 

 

$

31.2