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Business Combination (Tables) | 12 Months Ended
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Sep. 30, 2017
Business Combinations [Abstract] |
Schedule of Business Acquisitions, by Acquisition [Table Text Block] | On February 15, 2017, we acquired Singer Valve, a manufacturer of automatic control valves, and its affiliates for aggregate cash consideration of $26.6 million, net of post-closing adjustments. Singer Valve had net sales of approximately $15 million in calendar 2016 and is included in Infrastructure. The preliminary allocation of consideration to the assets and liabilities of these companies, is presented below, in millions.
Assets acquired, net of cash: |
Receivables | $ | 3.0 |
Inventories | 5.8 |
Other current assets | 0.2 |
Property, plant and equipment | 1.0 |
Intangible assets | 11.4 |
Goodwill | 7.2 |
Liabilities assumed: |
Accounts payable | 0.7 |
Other current liabilities | 0.4 |
Current and long term debt | 0.1 |
Deferred income tax liability | 0.8 |
Consideration paid | $ | 26.6 |

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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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