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Guarantee Arrangements (Tables)
12 Months Ended
Dec. 31, 2022
Non-Contingent Portion  
Guarantor Obligations [Line Items]  
Schedule of Provision for Losses on Customer Guarantees

Changes in the Company’s stand ready obligation (non-contingent) to perform under guarantees were as follows (in millions):

 

 

Year Ended
December 31,

 

 

Three Months Ended
December 31,
(transition period)

 

 

Year Ended
September 30,

 

 

 

2022

 

 

2021

 

 

2021

 

 

2020

 

Balance at beginning of period

 

$

12.1

 

 

$

14.1

 

 

$

15.5

 

 

$

15.8

 

Adoption of ASC 326

 

 

 

 

 

 

 

 

(0.6

)

 

 

 

Provision for new credit guarantees

 

 

3.0

 

 

 

0.4

 

 

 

2.4

 

 

 

4.9

 

Changes for pre-existing guarantees, net

 

 

(1.5

)

 

 

0.3

 

 

 

(0.5

)

 

 

(0.5

)

Amortization of previous guarantees

 

 

(1.2

)

 

 

(2.7

)

 

 

(2.8

)

 

 

(5.0

)

Foreign currency translation

 

 

(0.2

)

 

 

 

 

 

0.1

 

 

 

0.3

 

Balance at end of period

 

$

12.2

 

 

$

12.1

 

 

$

14.1

 

 

$

15.5

 

Contingent Portion  
Guarantor Obligations [Line Items]  
Schedule of Provision for Losses on Customer Guarantees

Changes in the Company’s off-balance sheet credit loss exposure (contingent) related to its guarantees were as follows (in millions):

 

 

Year Ended
December 31,

 

 

Three Months Ended
December 31,
(transition period)

 

 

Year Ended
September 30,

 

 

 

2022

 

 

2021

 

 

2021

 

Balance at beginning of period

 

$

4.0

 

 

$

7.3

 

 

$

 

Adoption of ASC 326

 

 

 

 

 

 

 

 

7.1

 

Provision for new credit guarantees

 

 

1.6

 

 

 

0.1

 

 

 

2.1

 

Changes in allowance for pre-existing guarantees, net

 

 

1.0

 

 

 

(3.4

)

 

 

(2.0

)

Foreign currency translation

 

 

(0.3

)

 

 

 

 

 

0.1

 

Balance at end of period

 

$

6.3

 

 

$

4.0

 

 

$

7.3