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Discontinued Operations, Goodwill, and Intangible Assets (Tables)

3 Months Ended

Dec. 31, 2020

Discontinued Operations, Goodwill, and Intangible Assets

Summarized results of the discontinued operation, included in the Company's results of operations

The following table represents summarized balance sheet information of assets and liabilities held for sale (in millions):

​

​	​	​	​	​	​	​
​		December 31,			September 30,
​	​	2020		​	2020
​	​	​	​	​	​	​
Cash and cash equivalents	​	$	176.8	​	$	109.9
Receivables and contract assets	​		463.8	​		544.3
Other	​		26.1	​		62.5
Current assets held for sale	​	$	666.7	​	$	716.7
​	​	​	​	​	​	​
Property and equipment, net	​	$	122.4	​	$	119.8
Other	​		287.5	​		254.4
Write-down of assets to fair value less cost to sell	​	​	(268.7)	​	​	(247.2)
Non-current assets held for sale	​	$	141.2	​	$	127.0
​	​	​	​	​	​	​
Accounts payable and accrued expenses	​	$	249.5	​	$	394.5
Contract liabilities	​		93.7	​		73.6
Other	​		4.3	​		1.6
Current liabilities held for sale	​	$	347.5	​	$	469.7
​	​	​	​	​	​	​
Long-term liabilities held for sale	​	$	89.0	​	$	98.8

​

The following table represents summarized income statement information of discontinued operations (in millions):

​

​	​	​	​	​	​	​	​
​	​	Three months ended
​		December 31,			December 31,
​	​	2020		​	2019
​	​	​	​	​	​	​	​
Revenue	​	$	330.7	​	$	1,502.8	​
Cost of revenue	​		322.9	​		1,473.5	​
Gross profit	​		7.8	​		29.3	​
Equity in earnings of joint ventures	​		7.7	​		4.9	​
Loss on disposal activities	​	​	(11.3)	​	​	—	​
Transaction costs	​	​	(10.9)	​	​	—	​
Impairment of long-lived assets	​	​	(95.8)	​	​	—	​
(Loss) income from operations	​		(102.5)	​		34.2	​
Other income	​		—	​		1.2	​
Interest expense	​		(0.2)	​		(12.8)	​
(Loss) income before taxes	​		(102.7)	​		22.6	​
Income tax (benefit) expense	​		(46.9)	​		4.4	​
Net (loss) income from discontinuing operations	​	$	(55.8)	​	$	18.2	​

​

The significant components included in our Consolidated Statement of Cash Flows for the discontinued operations are as follows (in millions):

​

​	​	​	​	​	​	​	​
​	​	Three months ended
​		December 31,			December 31,
​	​	2020		​	2019
​	​	​	​	​	​	​	​
Depreciation and amortization:		​			​		​
Property and equipment	​	$	—	​	$	4.6	​
Intangible assets and capitalized debt issuance costs	​	$	—	​	$	12.8	​
Payments for capital expenditures	​	$	(3.0)	​	$	(8.2)	​

​

Schedule of changes in the carrying value of goodwill by reportable segment

​

​	​	​	​	​	​	​	​	​	​
​		​	​		Foreign			​	​
​	​	September 30,		​	Exchange		​	December 31,
​	​	2020		​	Impact		​	2020
​	​	(in millions)
Americas	​	$	2,617.1	​	$	8.2	​	$	2,625.3
International	​		867.1	​		22.1	​		889.2
Total	​	$	3,484.2	​	$	30.3	​	$	3,514.5

Schedule of finite-lived intangible assets by major class

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December 31, 2020

​

September 30, 2020

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​

​

​

​

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Gross

​

Accumulated

​

Intangible

​

Gross

​

Accumulated

​

Intangible

​

Amortization

​

Amount

Amortization

Assets, Net

Amount

Amortization

Assets, Net

Period

​

​

(in millions)

​

(years)

Backlog and customer relationships

​

$

663.3

​

$

(591.3)

​

$

72.0

​

$

662.8

​

$

(585.9)

​

$

76.9

1

-

11

Schedule of estimated future amortization expense of intangible assets

​

​	​	​	​
Fiscal Year		(in millions)
2021 (nine months remaining)	​	$	15.4
2022	​		19.7
2023	​		18.8
2024	​		17.4
2025	​		0.7
Total	​	$	72.0

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