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LEASES (Tables)
12 Months Ended
Sep. 30, 2024
Leases [Abstract]  
Supplemental Balance Sheet Information Schedule and Weighted-average remaining lease term
Supplemental balance sheet information related to the Company’s leases was as follows:
Balance Sheet LocationSeptember 30, 2024September 30, 2023
Operating leases:
Right-of-use assetsOther assets$265.4 $262.6 
Current lease liabilitiesOther current liabilities75.3 76.4 
Non-current lease liabilitiesOther liabilities215.8 220.1 
Total operating lease liabilities$291.1 $296.5 
Finance leases:
Right-of-use assetsProperty, plant and equipment, net$15.2 $14.5 
Current lease liabilitiesCurrent portion of debt2.6 1.9 
Non-current lease liabilitiesLong-term debt15.2 15.0 
Total finance lease liabilities$17.8 $16.9 
Weighted-average remaining lease term and discount rate for the Company’s leases were as follows:
September 30, 2024September 30, 2023
Weighted-average remaining lease term (in years):
Operating leases 5.25.4
Finance leases8.19.5
Weighted-average discount rate:
Operating leases5.9 %5.2 %
Finance leases4.7 %4.4 %
Components of lease cost
Components of lease cost were as follows:
Year Ended September 30,
202420232022
Operating lease cost (a)
$85.8 $92.3 $86.7 
Variable lease cost30.3 28.6 35.9 
Finance lease cost
Amortization of right-of-use assets2.6 3.0 6.4 
Interest on lease liabilities0.8 0.8 1.2 
Total finance lease cost$3.4 $3.8 $7.6 
(a)Operating lease cost includes amortization of right-of-use assets of $70.4, $81.0 and $75.3 for fiscal 2024, fiscal 2023 and fiscal 2022, respectively. Short-term lease expense is excluded from operating lease cost and was $6.1, $6.6 and $19.1 for fiscal 2024, fiscal 2023 and fiscal 2022, respectively.
Supplemental cash flow information and non-cash activity related to the Company’s leases were as follows:
Year Ended September 30,
202420232022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases, net$99.2 $93.0 $83.9 
Operating cash flows from finance leases0.8 0.8 1.2 
Financing cash flows from finance leases2.3 2.7 5.9 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases$77.0 $90.4 $71.9 
Finance leases3.4 — 1.5 
Maturities of Operating Lease Liabilities by Fiscal Year Schedule
Maturities of lease liabilities by fiscal year for the Company’s leases as of September 30, 2024 were as follows:
YearOperating LeasesFinance Leases
2025$89.8 $3.4 
202673.5 3.0 
202749.2 2.6 
202838.8 2.2 
202927.1 1.7 
Thereafter62.5 8.6 
Total lease payments340.9 21.5 
Less: Imputed interest(49.8)(3.7)
Total lease liabilities$291.1 $17.8 
Maturities of Finance Lease Liabilities by Fiscal Year Schedule
Maturities of lease liabilities by fiscal year for the Company’s leases as of September 30, 2024 were as follows:
YearOperating LeasesFinance Leases
2025$89.8 $3.4 
202673.5 3.0 
202749.2 2.6 
202838.8 2.2 
202927.1 1.7 
Thereafter62.5 8.6 
Total lease payments340.9 21.5 
Less: Imputed interest(49.8)(3.7)
Total lease liabilities$291.1 $17.8