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RETIREMENT PLANS (Tables)
12 Months Ended
Sep. 30, 2024
Retirement Benefits [Abstract]  
Schedule of Defined Benefit Pension Plans The defined benefit pension plans are valued using a September 30 measurement date.
 
U.S. Defined
Benefit Pension Plans
International
Defined
Benefit Pension Plans
 2024202320242023
Change in projected benefit obligation:
Benefit obligation at beginning of year$71.8 $77.7 $108.5 $109.2 
Interest cost3.7 3.6 5.9 6.2 
Actuarial (gain) loss5.5 (2.5)5.1 (11.0)
Benefits paid(6.8)(6.9)(6.6)(5.9)
Foreign currency translation— — 10.3 10.0 
Projected benefit obligation (“PBO”) at end of year$74.2 $71.8 $123.2 $108.5 
Accumulated benefit obligation (“ABO”) at end of year$74.2 $71.8 $123.2 $108.5 
Change in plan assets:
Fair value of plan assets at beginning of year$54.1 $59.1 $124.8 $128.9 
Actual return on plan assets7.1 1.7 10.0 (11.5)
Employer contribution2.9 0.2 0.9 1.2 
Benefits paid(6.8)(6.9)(6.6)(5.9)
Foreign currency translation— — 12.3 12.1 
Fair value of plan assets at end of year$57.3 $54.1 $141.4 $124.8 
Overfunded (underfunded) status at end of year $(16.9)$(17.7)$18.2 $16.3 
 
U.S. Defined
Benefit Pension Plans
International
Defined
Benefit Pension Plans
 2024202320242023
Information for pension plans with an ABO in excess of plan assets:
Accumulated benefit obligation$74.2 $71.8 $12.0 $11.5 
Fair value of plan assets57.3 54.1 — — 
Information for pension plans with a PBO in excess of plan assets:
Projected benefit obligation$74.2 $71.8 $12.0 $11.5 
Fair value of plan assets57.3 54.1 — — 
Amounts recognized in the Consolidated Balance Sheets consist of:
Non-current assets$— $— $30.2 $27.8 
Current liabilities(0.2)(0.2)(0.9)(0.9)
Non-current liabilities(16.7)(17.5)(11.1)(10.6)
Total amount accrued$(16.9)$(17.7)$18.2 $16.3 
Amounts recognized in AOCL consist of:
Actuarial loss$34.1 $35.2 $64.1 $60.0 
Prior service cost— — 2.3 2.1 
Total amount recognized$34.1 $35.2 $66.4 $62.1 
 U.S. Defined
Benefit Pension Plans
International
Defined
Benefit Pension Plans
 2024202320242023
Total change in other comprehensive loss attributable to:
Net gain (loss) during the period$(0.5)$1.8 $(0.7)$(6.0)
Reclassification to net earnings1.7 1.8 2.3 2.0 
Foreign currency translation— — (5.9)(4.8)
Total change in other comprehensive loss$1.2 $3.6 $(4.3)$(8.8)
Weighted average assumptions used in development of projected benefit obligation:
Discount rate4.62 %5.54 %4.86 %5.38 %
Components of Net Periodic Benefit Cost
 U.S. Defined
Benefit Pension Plans
International
Defined Benefit Pension Plans
 202420232022202420232022
Components of net periodic benefit cost (income):
Interest cost$3.7 $3.6 $1.7 $5.9 $6.2 $3.0 
Expected return on plan assets(2.2)(2.5)(2.8)(5.7)(5.5)(5.1)
Net amortization1.7 1.8 1.7 2.3 2.0 1.3 
Net periodic benefit cost (income)$3.2 $2.9 $0.6 $2.5 $2.7 $(0.8)
Weighted average assumptions used in development of net periodic benefit cost (income):
Weighted average discount rate - interest cost5.46 %4.87 %1.74 %5.38 %5.29 %1.64 %
Expected return on plan assets4.25 %4.50 %3.50 %4.42 %3.91 %2.37 %
Schedule of Other Information
U.S. Defined
Benefit Pension Plans
International
Defined
Benefit Pension Plans
Other information:
Plan asset allocations:
Target for September 30, 2025:
Equity securities19 %— %
Debt securities76 %— %
Real estate securities%— %
Cash and cash equivalents%15 %
Insurance contracts— %85 %
September 30, 2024
Equity securities19 %— %
Debt securities74 %— %
Real estate securities%— %
Cash and cash equivalents%15 %
Insurance contracts— %85 %
September 30, 2023
Equity securities18 %— %
Debt securities75 %%
Real estate securities%— %
Cash and cash equivalents%11 %
Insurance contracts— %84 %
Expected company contributions in fiscal 2025$2.7 $0.9 
Expected future benefit payments:
2025$7.5 $7.3 
20267.0 7.4 
20276.9 7.4 
20286.7 7.6 
20296.5 7.8 
2030 – 203428.4 40.5 
Fair Value of The Company's Pension Plan Asset
The following tables set forth the fair value of the Company’s pension plan assets, segregated by level within the fair value hierarchy:
Fair Value Hierarchy LevelU.S. Defined
Benefit Pension Plans
International
Defined
Benefit Pension Plans
2024202320242023
Cash and cash equivalentsLevel 1$2.6 $2.2 $21.9 $14.0 
Insurance contractsLevel 3— — 119.5 104.3 
Total assets in the fair value hierarchy$2.6 $2.2 $141.4 $118.3 
Common collective trusts measured at net asset value
Real estate$1.4 $1.8 $— $— 
Equities10.9 10.0 — — 
Fixed income42.4 40.1 — 6.5 
Total common collective trusts measured at net asset value54.7 51.9 — 6.5 
Total assets at fair value$57.3 $54.1 $141.4 $124.8