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Supplemental Balance Sheet Information | 3 Months Ended
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Dec. 31, 2023
Balance Sheet Related Disclosures [Abstract] |
Supplemental Balance Sheet Information | Supplemental Balance Sheet Information Selected supplemental asset information is presented below:
| December 31, |  | September 30,
| 2023 |  | 2023
| (in millions)
Inventories: |  |  |
Purchased components and raw materials | $ | 169.0 |  |  | $ | 176.9 |
Work in process, net | 66.5 |  |  | 60.0 |
Finished goods, net | 75.8 |  |  | 61.0 |
Inventories, net | $ | 311.3 |  |  | $ | 297.9 |
Other current assets: |  |  |
Prepaid expenses | $ | 18.4 |  |  | $ | 17.8 |
Non-trade receivables | 2.4 |  |  | 1.7 |
Maintenance and repair supplies and tooling | 4.4 |  |  | 4.1 |
Income taxes | 0.8 |  |  | 0.8 |
Workers' compensation reimbursement receivable | 1.8 |  |  | 2.2 |
Other current assets | 5.7 |  |  | 4.9 |
Total other current assets | $ | 33.5 |  |  | $ | 31.5 |
Property, plant and equipment: |  |  |
Land | $ | 6.5 |  |  | $ | 6.4 |
Buildings | 118.0 |  |  | 117.2 |
Machinery and equipment | 528.2 |  |  | 525.8 |
Construction in progress | 40.5 |  |  | 36.9 |
Total property, plant and equipment | 693.2 |  |  | 686.3 |
Accumulated depreciation | (384.8) |  |  | (374.6) |
Property, plant and equipment, net | $ | 308.4 |  |  | $ | 311.7 |
Other noncurrent assets: |  |  |
Operating lease right-of-use assets | $ | 29.9 |  |  | $ | 23.6 |
Maintenance and repair supplies and tooling | 21.8 |  |  | 21.1 |
Workers' compensation reimbursement receivable | 2.4 |  |  | 2.4 |
Pension asset | 6.2 |  |  | 6.6 |
Note receivable | 1.8 |  |  | 1.8 |
Deferred financing fees | 0.6 |  |  | 0.7 |
Other noncurrent assets | 0.7 |  |  | 2.6 |
Total other noncurrent assets | $ | 63.4 |  |  | $ | 58.8 |
Selected supplemental liability information is presented below:
| December 31, |  | September 30,
| 2023 |  | 2023
| (in millions)
Other current liabilities: |  |  |
Compensation and benefits | $ | 25.3 |  |  | $ | 33.8 |
Customer rebates | 18.0 |  |  | 14.6 |
Income taxes payable | 15.2 |  |  | 8.5 |
Warranty accrual | 10.0 |  |  | 8.6 |
Deferred revenue | 8.4 |  |  | 9.2 |
Returned goods accrual | 6.3 |  |  | 6.7 |
Taxes other than income taxes | 0.7 |  |  | 2.0 |
Operating lease liabilities | 5.3 |  |  | 4.9 |
Workers' compensation accrual | 4.3 |  |  | 4.0 |
Strategic reorganization and other charges liabilities | 7.8 |  |  | 6.6 |
Interest payable | 0.8 |  |  | 5.3 |
Other current liabilities | 10.0 |  |  | 11.0 |
Total other current liabilities | $ | 112.1 |  |  | $ | 115.2 |
Other noncurrent liabilities: |  |  |
Operating lease liabilities | $ | 25.8 |  |  | $ | 19.8 |
Warranty accrual | 6.7 |  |  | 7.1 |
Transition tax liability | 3.1 |  |  | 3.1 |
Uncertain tax position liability | 3.7 |  |  | 5.0 |
NMTC liability | 3.9 |  |  | 3.9 |
Workers' compensation accrual | 5.6 |  |  | 5.9 |
Asset retirement obligation | 4.2 |  |  | 4.2 |
Deferred development grant | 2.5 |  |  | 2.5 |
Other noncurrent liabilities | 2.6 |  |  | 2.7 |
Total other noncurrent liabilities | $ | 58.1 |  |  | $ | 54.2 |
Goodwill Goodwill is tested for impairment at the reporting unit level (operating segment or one level below an operating segment) on an annual basis on September 1 of each fiscal year or more frequently if an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying value. The following table summarizes information concerning our goodwill, all of which is within our Water Management Solutions segment, during the three months ended December 31, 2023, in millions:
Balance at September 30, 2023: |
Goodwill | $ | 817.8 |
Accumulated impairment | (724.1) |
Goodwill, net | 93.7 |
Activity during the three months ended December 31, 2023: |
Change in foreign currency exchange rates | 4.6 |
Balance at December 31, 2023 | $ | 98.3 |

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- Definition The entire disclosure for supplemental balance sheet disclosures, including descriptions and amounts for assets, liabilities, and equity. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 210 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//210/tableOfContent + Details
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