Supplemental Balance Sheet Information

3 Months Ended

Dec. 31, 2023

Balance Sheet Related Disclosures [Abstract]

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