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Redeemable Noncontrolling Interest (Notes)
 12 Months Ended
Sep. 30, 2021
Redeemable Noncontrolling Interest, Equity, Carrying Amount [Abstract]  
Redeemable noncontrolling interest disclosure REDEEMABLE NONCONTROLLING INTEREST
At both September 30, 2021 and 2020, Post held 97.5 BellRing LLC units equal to 71.2% of the economic interest in BellRing LLC. Post may redeem BellRing LLC units for, at BellRing LLC’s option (as determined by its Board of Managers), (i) shares of Class A Common Stock or (ii) cash (based on the market price of the shares of Class A Common Stock). The redemption of BellRing LLC units for shares of Class A Common Stock will be at an initial redemption rate of one share of Class A Common Stock for one BellRing LLC unit, subject to customary redemption rate adjustments for stock splits, stock dividends and reclassifications.
Post’s ownership of BellRing LLC units represents a NCI to the Company, which is classified outside of permanent stockholders’ equity as the BellRing LLC units are redeemable at the option of Post, through Post’s ownership of the Company’s Class B Common Stock (see Note 1). The carrying amount of the NCI is the greater of: (i) the initial carrying amount, increased or decreased for the NCI’s share of net income or loss, other comprehensive income or loss and distributions or dividends or (ii) the redemption value. As of September 30, 2021 and 2020, the carrying amounts of the NCI were recorded at their redemption values of $2,997.3 and $2,021.6, respectively. Changes in the redemption value of the NCI are recorded to additional paid-in capital, to the extent available, and “Accumulated deficit” on the Consolidated Balance Sheets.
At both September 30, 2021 and 2020, BellRing Inc. owned 28.8% of the outstanding BellRing LLC units. The financial results of BellRing LLC and its subsidiaries were consolidated with BellRing Inc., and the portion of the consolidated net earnings of BellRing LLC to which Post was entitled was allocated to the NCI during each year.
The following table summarizes the changes to the Company’s NCI. The period as of and for the year ended September 30, 2020 represents the period beginning October 21, 2019, the effective date of the IPO, and ending September 30, 2020 (see Note 1).
As Of and For The
 Year Ended September 30,
20212020
Beginning of period$2,021.6 $— 
Net earnings attributable to NCI after IPO86.8 71.1 
Net change in hedges, net of tax1.6 (6.7)
Foreign currency translation adjustments(0.2)0.7 
Impact of IPO— 1,364.6 
Redemption value adjustment to NCI887.5 591.9 
End of period$2,997.3 $2,021.6 
The following table summarizes the effects of changes in ownership in BellRing LLC on BellRing Inc.’s equity. The period as of and for the year ended September 30, 2020 represents the period beginning October 21, 2019, the effective date of the IPO, and ending September 30, 2020 (see Note 1).
As Of and For The
 Year Ended September 30,
20212020
Net earnings available to Class A Common Stockholders$27.6 $23.5 
Transfers to NCI:
Impact of IPO— 1,364.6 
Redemption value adjustment to NCI887.5 591.9 
Changes from net earnings available to Class A Common Stockholders and transfers to NCI$915.1 $1,980.0