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EQUITY (Tables)

3 Months Ended

Dec. 31, 2022

Equity [Abstract]

Summary of Changes in Equity

The following tables provide a summary of the changes in equity for each of the periods indicated:

			Common Shares and Capital in Excess of Stated Value						Retained Earnings						Treasury Shares						Accumulated Other Comprehensive Loss																		Total Equity
Balance at September 30, 2022			$	364.0					$	1,020.1					$	(1,091.8)					$	(144.6)																	$	147.7
Net income (loss)			—						(64.7)						—						—																		(64.7)
Other comprehensive income (loss)			—						—						—						(24.6)																		(24.6)
Share-based compensation			20.8						—						—						—																		20.8
Dividends declared ($0.66 per share)			—						(37.5)						—						—																		(37.5)
Treasury share purchases			—						—						(0.8)						—																		(0.8)
Treasury share issuances			(17.2)						—						35.9						—																		18.7
Balance at December 31, 2022			$	367.6					$	917.9					$	(1,056.7)					$	(169.3)																	$	59.5

The sum of the components may not equal due to rounding.

			Common Shares and Capital in Excess of Stated Value						Retained Earnings						Treasury Shares						Accumulated Other Comprehensive Loss																		Total Equity
Balance at September 30, 2021			$	477.0					$	1,605.1					$	(1,002.4)					$	(66.4)																	$	1,013.3
Net income (loss)			—						(50.0)						—						—																		(50.0)
Other comprehensive income (loss)			—						—						—						5.7																		5.7
Share-based compensation			7.3						—						—						—																		7.3
Dividends declared ($0.66 per share)			—						(37.3)						—						—																		(37.3)
Treasury share purchases			—						—						(129.5)						—																		(129.5)
Treasury share issuances			2.6						—						19.5						—																		22.1
Balance at January 1, 2022			$	486.9					$	1,517.8					$	(1,112.4)					$	(60.7)																	$	831.6

The sum of the components may not equal due to rounding.

Schedule of Accumulated Other Comprehensive Loss

Changes in accumulated other comprehensive loss (“AOCL”) by component were as follows for each of the periods indicated:

						Three Months Ended
						Foreign Currency Translation Adjustments						Net Unrealized Gain (Loss) On Derivative Instruments						Net Unrealized Gain (Loss) On Securities						Pension and Other Post-Retirement Benefit Adjustments						Accumulated Other Comprehensive Income (Loss)
Balance at September 30, 2022						$	(28.9)					$	33.3					$	(79.7)					$	(69.3)					$	(144.6)
Other comprehensive income (loss) before reclassifications						7.2						(6.4)						(26.8)						—						(26.0)
Amounts reclassified from accumulated other comprehensive net income (loss)						—						(5.0)						—						(3.9)						(8.9)
Income tax benefit (expense)						—						2.9						6.4						1.0						10.3
Net current period other comprehensive income (loss)						7.2						(8.5)						(20.4)						(2.9)						(24.6)
Balance at December 31, 2022						$	(21.7)					$	24.8					$	(100.2)					$	(72.2)					$	(169.3)
Balance at September 30, 2021						$	(1.7)					$	10.2					$	(2.3)					$	(72.5)					$	(66.4)
Other comprehensive income (loss) before reclassifications						(4.3)						13.0						0.1						—						8.8
Amounts reclassified from accumulated other comprehensive net income (loss)						—						(0.3)						—						0.7						0.4
Income tax benefit (expense)						—						(3.3)						—						(0.2)						(3.5)
Net current period other comprehensive income (loss)						(4.3)						9.4						0.1						0.5						5.7
Balance at January 1, 2022						$	(6.0)					$	19.5					$	(2.2)					$	(72.1)					$	(60.7)

The sum of the components may not equal due to rounding.

Schedule of Share-Based Compensation

Total share-based compensation was as follows for each of the periods indicated:

			Three Months Ended
			December 31, 2022						January 1, 2022
Share-based compensation			$	20.9					$	7.3
Related tax benefit recognized			4.7						1.8

Share-Based Payment Arrangement, Stock Appreciation Right, Activity

Details of the Company’s stock option activities are summarized below:

			No. of Options						Wtd. Avg. Exercise Price						Wtd. Avg. Remaining Life						Aggregate Intrinsic Value
Awards outstanding at September 30, 2022			528,471						$	110.86					4.4 years
Granted			632,457						50.40
Forfeited			(6,947)						171.41
Awards outstanding at December 31, 2022			1,153,981						77.36						7.3 years						$	—
Exercisable			385,375						65.37						2.7 years						—

Schedule of Weighted Average Assumptions for Stock Options

The weighted average assumptions for awards granted in fiscal 2023 are as follows:

Expected volatility			36.8		%
Risk-free interest rate			4.3		%
Expected dividend yield			3.9		%
Expected life			6.1 years

Schedule of Restricted Share-based Award Activity

Restricted stock-based awards granted to employees and non-employee directors (including restricted stock units and deferred stock units) during the three months ended December 31, 2022 were as follows: 

			No. of Units						Wtd. Avg. Grant Date Fair Value per Unit
Awards outstanding at September 30, 2022			320,575						$	143.19
Granted			301,522						50.59
Vested			(2,319)						109.88
Forfeited			(13,345)						103.63
Awards outstanding at December 31, 2022			606,433						98.15

Schedule of Performance-based Award Activity

Performance-based award activity during the three months ended December 31, 2022 was as follows (based on target award amounts):

			No. of Units						Wtd. Avg. Grant Date Fair Value per Unit
Awards outstanding at September 30, 2022			113,256						$	130.94
Granted			591,309						63.61
Vested (a)			(124,261)						63.91
Forfeited			(3,806)						131.44
Awards outstanding at December 31, 2022			576,498						76.32

(a)     Vested at a weighted average of 100% of the target performance share units granted.

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