XML 24 R5.htm IDEA: XBRL DOCUMENT v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities    
Net income $ 12.0 $ 129.2
Adjustments to reconcile net income to cash flows from operating activities:    
Loss from discontinued operations 1.1 3.0
Loss (gain) on sale of operations 43.6 (71.7)
Depreciation and amortization 71.1 56.4
Deferred income taxes 0.1 0.0
Stock-based compensation expense 5.9 4.6
Other, net 4.0 1.0
Change in operating assets and liabilities    
Receivables 12.6 (2.5)
Inventories (1.5) (4.0)
Payables and accrued liabilities (18.4) (22.6)
Other assets and liabilities 29.7 (0.2)
Operating cash flows from continuing operations 160.2 93.2
Operating cash flows from discontinued operations 0.0 (4.8)
Total cash provided by operating activities 160.2 88.4
Cash flows from investing activities    
Additions to property, plant and equipment (115.2) (105.4)
Acquisitions, net of cash acquired (644.1) (9.6)
Proceeds from sale of operations 63.6 121.0
Purchases of investments (4.5) (4.5)
Proceeds from investments 0.0 6.0
Other investing activities, net 0.8 2.8
Total cash (used in) provided by investing activities (699.4) 10.3
Cash flows from financing activities    
Proceeds from borrowings 755.0 75.0
Payments of debt issuance costs and discounts (13.7) (1.6)
Repayments on borrowings (158.7) (91.9)
Repurchases of common stock, including excise taxes of $16.4 in fiscal 2025 0.0 (76.8)
Other financing activities, net (10.3) (9.1)
Total cash provided by (used in) financing activities 572.3 (104.4)
Effect of currency exchange rate changes on cash, cash equivalents and restricted cash 0.0 (0.7)
Increase (decrease) in cash, cash equivalents and restricted cash 33.1 (6.4)
Cash, cash equivalents, and restricted cash - beginning of period 51.6 68.7
Cash, cash equivalents, and restricted cash - end of period $ 84.7 $ 62.3