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Divestment (Tables)
9 Months Ended
Jun. 30, 2019
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Assets and Liabilities and Statement of Earnings of Divested Business As the Company acquired the business on January 2, 2019, there is no activity on the Consolidated (Condensed) Statement of Earnings and Comprehensive Income for the three and nine months ended June 30, 2018:
 
 
For the Quarter Ended
 
For the Nine Months Ended
 
 
June 30, 2019
 
June 30, 2019
Net sales
 
$
69.9

 
$
150.1

Cost of products sold
 
52.5

 
122.3

Gross profit
 
17.4

 
27.8

Selling, general and administrative expense
 
18.1

 
39.2

Advertising and sales promotion expense
 
0.2

 
0.5

Research and development expense
 
0.2

 
0.2

Interest expense
 
3.7

 
10.4

Other items, net
 
(3.4
)
 
(7.2
)
Loss before income taxes from discontinued operations
 
(1.4
)
 
(15.3
)
Income tax expense (benefit)
 
0.4

 
(2.5
)
Net loss from discontinued operations
 
$
(1.8
)
 
$
(12.8
)


As the Company did not own the business as of September 30, 2018, there are no Divestment Business assets or liabilities as of that period:
 
 
June 30, 2019
Assets
 
 
Trade receivables
 
$
41.1

Inventories
 
60.8

Other current assets
 
30.4

Property, plant and equipment, net
 
77.5

Goodwill
 
15.5

Other intangible assets, net
 
565.7

Other assets
 
16.6

Assets held for sale
 
$
807.6

 
 
 
Liabilities
 
 
Current portion of capital leases
 
$
5.4

Accounts payable
 
32.0

Notes payable
 
2.5

Other current liabilities
 
78.9

Long-term debt
 
26.7

Other liabilities (1)
 
239.4

Liabilities held for sale
 
$
384.9

(1) Included in other liabilities is deferred tax liabilities of $198.2 and pension liabilities of $40.3 related to the Divestment Business.