XML 19 R8.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Discontinued Operations, Assets Held for Sale and Divestitures | 6 Months Ended
--- | ---
Mar. 31, 2018
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] |
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block] | Discontinued Operations and Divestitures On December 4, 2017, we sold an idle property in Burlington, New Jersey that had previously been a plant in our former U.S. Pipe segment and recorded a gain of $9.0 million in our Corporate segment. We received $7.4 million in cash, recorded net current assets of $0.8 million and conveyed plant, property and equipment with a net carrying value of $0.4 million, and the buyer assumed related environmental liabilities with a carrying value of $1.2 million. On January 6, 2017, we sold our former Anvil segment to affiliates of One Equity Partners. The final cash proceeds of this sale were $305.7 million. The table below presents a summary of the operating results for the Anvil discontinued operations during the quarter and six months ended March 31, 2017. These operating results do not reflect what they would have been had Anvil not been sold.
| Three months ended |  | Six months ended
| March 31, |  | March 31,
| 2017 |  | 2017
| (in millions)
Net sales | $ | — |  |  | $ | 83.1 |
Cost of sales | — |  |  | 62.8 |
Gross profit | — |  |  | 20.3 |
Operating expenses: |  |  |
Selling, general and administrative | (1.4 | ) |  | 16.9 |
Other charges | — |  |  | 0.2 |
Total operating expenses | (1.4 | ) |  | 17.1 |
Income before income taxes | 1.4 |  |  | 3.2 |
Income tax expense | 0.7 |  |  | 1.2 |
| 0.7 |  |  | 2.0 |
Gain on sale, net of tax | 67.9 |  |  | 67.9 |
Income from discontinued operations | $ | 68.6 |  |  | $ | 69.9 |

X
- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=2122178 + Details
Name: | us-gaap_DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration