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Business Combination (Notes)
 12 Months Ended
Sep. 30, 2015
Business Combinations [Abstract]  
Business Combination Disclosure [Text Block]
Acquisition
On July 1, 2014, Mueller Co.’s Henry Pratt unit completed the acquisition of certain assets of Lined Valve Company Inc., a privately-held company, for a final purchase price of $9.7 million. The fair values of the related assets and liabilities are presented below in millions.
Assets acquired:
 
Receivables
$
1.5

Inventories
1.2

Property, plant and equipment
0.6

Goodwill
5.4

Customer relationships and other identifiable intangible assets
2.1

Other noncurrent assets
0.4

Liabilities:
 
Accounts payable and other current liabilities
(0.5
)
Other noncurrent liabilities
(1.0
)
 
$
9.7


Most of the goodwill arising from the acquisition is tax-deductible, and the customer relationships and other identifiable intangible assets have an estimated useful life of 10.0 years. We believe that the purchase price attributable to goodwill represents the future benefits expected as a result of the acquisition.