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Acquisition Acquisition
 9 Months Ended
Jun. 30, 2017
Business Combinations [Abstract]  
Business Combination Disclosure [Text Block]
Note 3. Acquisition
On February 15, 2017, we acquired Singer Valve, a manufacturer of automatic control valves, and its affiliate that distributes Singer Valve products in the U.S, for an aggregate cash consideration of $26.4 million, net of post-closing adjustments. Singer Valve had net sales of approximately $15 million in calendar 2016 and is included in our Mueller Co. segment. During the third quarter, we also acquired the Chinese affiliate of Singer Valve for $0.2 million in cash. The initial allocation of consideration to the assets and liabilities of these companies, which is still subject to change, is presented below, in millions.
Assets acquired and liabilities assumed:
 
Cash
$
0.6

Receivables
1.9

Inventories
5.8

Other current assets
0.5

Property, plant and equipment
1.0

Intangible assets and goodwill
17.7

Accounts payable
(0.7
)
Other current liabilities
(0.2
)
Consideration paid
$
26.6


We have not yet completed our final valuation of intangible assets, but we expect that any goodwill recognized will be deductible for income tax purposes.