XML 70 R34.htm IDEA: XBRL DOCUMENT
v3.25.3

Lease Commitments (Tables) | 12 Months Ended
--- | ---
Sep. 30, 2025
Leases [Abstract] |
Schedule of Lease Balances on the Balance Sheet | The following table presents the Company's lease balances as of September 30:
(In millions) |  | Location in Consolidated Balance Sheets |  | 2025 |  | 2024
Assets |  |  |  |  |  |
Operating lease assets |  | Operating lease assets |  | $ | 331.8 |  |  | $ | 298.6 |
Finance lease assets |  | Property, plant and equipment, net |  | 291.2 |  |  | 261.7 |
Amortization of finance lease assets |  | Property, plant and equipment, net |  | (79.3) |  |  | (67.4) |
Total leased assets |  |  |  | $ | 543.7 |  |  | $ | 492.9 |
Liabilities |  |  |  |  |  |
Current |  |  |  |  |  |
Operating lease liabilities |  | Accrued expenses and other liabilities |  | $ | 33.6 |  |  | $ | 31.2 |
Finance lease liabilities |  | Accrued expenses and other liabilities |  | 15.2 |  |  | 13.4 |
Noncurrent |  |  |  |  |  |
Operating lease liabilities |  | Operating lease liabilities |  | 315.3 |  |  | 279.7 |
Finance lease liabilities |  | Other noncurrent liabilities |  | 229.3 |  |  | 207.3 |
Total lease liabilities |  |  |  | $ | 593.4 |  |  | $ | 531.6 |
Lease, Cost | The following table presents the components of total lease costs for the years ended September 30:
(In millions) |  | Location in Consolidated Statements of Comprehensive Income |  | 2025 |  | 2024
Operating lease cost |  | Cost of sales and Selling, general and administrative expenses |  | $ | 50.3 |  |  | $ | 45.8 |
Finance lease costs |  |  |  |  |  |
Amortization of lease assets |  | Cost of sales |  | 17.7 |  |  | 17.4 |
Interest on lease liabilities |  | Net interest and other financing expenses |  | 11.6 |  |  | 11.1 |
Variable lease cost |  | Cost of sales and Selling, general and administrative expenses |  | 3.2 |  |  | 3.7 |
Sublease income |  | Other income, net |  | (10.4) |  |  | (9.3) |
Total lease cost |  |  |  | $ | 72.4 |  |  | $ | 68.7 |
Other information related to the Company's leases follows for the years ended September 30:
(In millions) |  | 2025 |  | 2024
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |
Operating cash flows from operating leases (a) |  | $ | 47.3 |  |  | $ | 43.1 |
Operating cash flows from finance leases |  | $ | 11.6 |  |  | $ | 11.1 |
Financing cash flows from finance leases |  | $ | 12.2 |  |  | $ | 12.0 |
Lease assets obtained in exchange for lease obligations: |  |  |  |
Operating leases |  | $ | 69.1 |  |  | $ | 63.4 |
Finance leases |  | $ | 36.4 |  |  | $ | 22.4 |
(a)Included within the change in Other assets and liabilities within the Consolidated Statements of Cash Flows offset by noncash operating lease asset amortization and liability accretion. The weighted average remaining lease terms and interest rates as of September 30, 2025 were:
|  | Operating leases |  | Finance leases
Weighted average remaining lease term (in years) |  | 10.3 |  | 11.7
Weighted average discount rate |  | 5.5 | % |  | 5.4 | %
Schedule of Maturity of Operating Lease Liability | The following table reconciles the undiscounted cash flows for the next five fiscal years ended September 30 and thereafter to the operating and finance lease liabilities recorded within the Consolidated Balance Sheet as of September 30, 2025:
(In millions) |  | Operating leases |  | Finance leases
2026 |  | $ | 51.5 |  |  | $ | 27.6 |
2027 |  | 49.7 |  |  | 28.0 |
2028 |  | 47.1 |  |  | 28.2 |
2029 |  | 44.3 |  |  | 27.9 |
2030 |  | 41.4 |  |  | 28.0 |
Thereafter |  | 232.3 |  |  | 193.8 |
Total future lease payments |  | 466.3 |  |  | 333.5 |
Imputed interest |  | 117.4 |  |  | 89.0 |
Present value of lease liabilities |  | $ | 348.9 |  |  | $ | 244.5 |
Schedule of Maturity of Finance Lease Liability | The following table reconciles the undiscounted cash flows for the next five fiscal years ended September 30 and thereafter to the operating and finance lease liabilities recorded within the Consolidated Balance Sheet as of September 30, 2025:
(In millions) |  | Operating leases |  | Finance leases
2026 |  | $ | 51.5 |  |  | $ | 27.6 |
2027 |  | 49.7 |  |  | 28.0 |
2028 |  | 47.1 |  |  | 28.2 |
2029 |  | 44.3 |  |  | 27.9 |
2030 |  | 41.4 |  |  | 28.0 |
Thereafter |  | 232.3 |  |  | 193.8 |
Total future lease payments |  | 466.3 |  |  | 333.5 |
Imputed interest |  | 117.4 |  |  | 89.0 |
Present value of lease liabilities |  | $ | 348.9 |  |  | $ | 244.5 |

X
- Definition Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6 + Details
Name: | us-gaap_FinanceLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4 + Details
Name: | us-gaap_LeaseCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6 + Details
Name: | us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Assets And Liabilities, Lessee + References No definition available. + Details
Name: | vvv_AssetsAndLiabilitiesLesseeTableTextBlock
Namespace Prefix: | vvv_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration