Statement of Financial Position, Classified

12 Months Ended

Sep. 30, 2021

Statement of Financial Position [Abstract]

Supplemental Balance Sheet Disclosures [Text Block]

Supplemental Balance Sheet Information

Selected supplemental asset information is presented below.


	September 30,
	2021		2020
	(in millions)
Inventories, net:
Purchased components and raw materials	$	100.9	$	87.3
Work in process	41.6		32.4
Finished goods	42.2		42.8
Total inventories, net	$	184.7	$	162.5

Other current assets:
Prepaid expenses	$	12.8	$	10.9
Non-trade receivables	10.7		6.4
Income taxes	0.2		5.5
Maintenance and repair supplies and tooling	2.9		3.7
Workers’ compensation reimbursement receivable	0.8		—
Other current assets	1.9		2.5
Total other current assets	$	29.3	$	29.0

Property, plant and equipment, net:
Land	$	6.1	$	6.2
Buildings	84.6		80.4
Machinery and equipment	433.3		406.3
Construction in progress	83.7		57.4
Total property, plant and equipment	$	607.7	$	550.3
Accumulated depreciation	(324.3)		(296.5)
Total property, plant and equipment, net	$	283.4	$	253.8

Other noncurrent assets:
Operating lease right-of-use assets	$	27.1	$	25.6
Maintenance and repair supplies and tooling	19.3		17.5
Workers’ compensation reimbursement receivable	2.7		2.1
Note receivable	1.8		1.8
Pension assets	16.8		0.9
Deferred financing fees	1.3		1.3
Other noncurrent assets	4.3		2.1
Total noncurrent assets	$	73.3	$	51.3

Selected supplemental liability information is presented below.


	September 30,
	2021		2020
	(in millions)
Other current liabilities:
Compensation and benefits	$	44.6	$	32.8
Customer rebates	19.6		9.6
Interest payable	6.2		7.3
Warranty accrual	6.7		7.2
Deferred revenues	5.4		5.6
Refund liability	6.0		4.3
Operating lease liabilities	4.0		4.0
Taxes other than income taxes	4.4		3.9
Restructuring liabilities	3.1		2.8
Environmental liabilities	1.2		1.2
Income taxes payable	8.5		0.2
Workers’ compensation accrual	2.6		2.7
CARES Act payroll tax liabilities	3.6		—
Other current liabilities	11.2		5.0
Total current liabilities	$	127.1	$	86.6

Other noncurrent liabilities:
Operating lease liabilities	$	24.6	$	23.3
Warranty accrual	3.0		7.2
Transition tax liability	4.7		5.2
Uncertain tax position liability	4.8		4.5
Workers' compensation accrual	7.9		3.8
NMTC liability	3.9		—
Asset retirement obligation	3.6		3.5
CARES Act payroll tax liabilities	3.6		3.3
Deferred development grant	2.5		2.5
Other noncurrent liabilities	3.4		3.0
Total noncurrent liabilities	$	62.0	$	56.3

CARES Act

On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) was signed into law. The CARES Act is a relief package intended to assist in many aspects of the American economy through direct secured loans and deferrals of the employer portion of social security taxes through the end of calendar year 2020, with 50% of the deferral due December 31, 2021 and the remainder due December 31, 2022. For the fiscal year ended September 30, 2021, we have elected to defer these obligations, which are approximately $7.2 million as shown above.