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Acquisitions (Tables)

12 Months Ended

Sep. 30, 2024

Business Combinations [Abstract]

Schedule of Business Acquisitions, by Acquisition

The aggregate purchase price allocation is as follows (in millions):

						Purchase Price Allocation
Receivables						$	8.1
Inventory						22.0
Goodwill						283.1
Intangible assets						313.4
All other assets						10.2
Total assets acquired						636.8
Less: Deferred tax liability						(9.2)
Less: Liabilities assumed						(18.6)
Net assets acquired						$	609.0
						Purchase Consideration
Cash consideration, net of cash acquired						$	566.0
Contingent consideration						43.0
Total purchase consideration, net of cash acquired						$	609.0

The aggregate purchase price allocation is as follows (in millions):

						Purchase Price Allocation
Receivables						$	8.0
Goodwill						133.5
Intangible assets						47.2
All other assets						0.7
Total assets acquired						189.4
Less: Liabilities assumed						(6.2)
Net assets acquired						$	183.2
						Purchase Consideration
Total purchase consideration, net of cash acquired						$	183.2

The aggregate purchase price allocation is as follows (in millions):

						Purchase Price Allocation
Accounts receivable						$	23.8
Inventories						17.7
Property						27.5
Goodwill						111.3
Other intangible assets						54.1
All other assets acquired						21.0
Total assets acquired						255.4
Less: Other liabilities assumed						(12.6)
Less: Deferred income taxes						(56.6)
Net assets acquired, excluding cash						$	186.2
						Purchase Consideration
Total purchase consideration, net of cash acquired						$	186.2

Schedule of Business Acquisitions by Acquisition, Contingent Consideration

The following table presents the fair value of the contingent consideration in the Consolidated Balance Sheet (in millions):

						Period ended February 29, 2024						Period ended February 28, 2025						Total
Contingent consideration as of December 31, 2023						$	17.5					$	25.5					$	43.0
Adjustment for earnout achieved for first performance period						(7.7)						—						(7.7)
Adjustment to fair value						—						(21.0)						(21.0)
Payment of earnout achieved for first performance period						(9.8)						—						(9.8)
Contingent consideration as of September 30, 2024						$	—					$	4.5					$	4.5

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- References

No definition available.

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- Definition

Tabular disclosure of contingent payment arrangements including the terms that will result in payment and the accounting treatment that will be followed if such contingencies occur, including the potential impact on earnings per share if contingencies are to be settled in common stock of the entity. The description also may include the period over which amounts are expected to be paid, and changes in the amount since the previous reporting period. This also includes contingent options and commitments.

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No definition available.

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- Definition

Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479328/805-10-50-3

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479328/805-10-50-2

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