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LEASES
 12 Months Ended
Sep. 30, 2025
Leases [Abstract]  
LEASES LEASES
The Company leases certain property and equipment from third parties under various non-cancelable lease agreements, including industrial, commercial and office properties and equipment that support the management, manufacturing, distribution and research and development of products marketed and sold by the Company. The lease agreements generally require that the Company pay taxes, insurance and maintenance expenses related to the leased assets. At September 30, 2025, the Company had entered into operating leases that were yet to commence with a combined total expected lease liability of $69.3. From time to time, the Company will sublease portions of its facilities, resulting in sublease income. Sublease income and the related cash flows were not material to the consolidated financial statements for fiscal 2025.
The Company leases certain vehicles (primarily cars and light trucks) under agreements that are cancellable after the first year, but typically continue on a month-to-month basis until canceled by the Company. The vehicle leases and certain other non-cancelable operating leases contain residual value guarantees that create a contingent obligation on the part of the Company to compensate the lessor if the leased asset cannot be sold for an amount in excess of a specified minimum value at the conclusion of the lease term. If all such vehicle leases had been canceled as of September 30, 2025, the Company’s residual value guarantee would have approximated $4.1.
Supplemental balance sheet information related to the Company’s leases was as follows:
Balance Sheet LocationSeptember 30, 2025September 30, 2024
Operating leases:
Right-of-use assetsOther assets$256.3 $265.4 
Current lease liabilitiesOther current liabilities71.6 75.3 
Non-current lease liabilitiesOther liabilities202.2 215.8 
Total operating lease liabilities$273.8 $291.1 
Finance leases:
Right-of-use assetsProperty, plant and equipment, net$11.7 $15.2 
Current lease liabilitiesCurrent portion of debt2.0 2.6 
Non-current lease liabilitiesLong-term debt12.5 15.2 
Total finance lease liabilities$14.5 $17.8 
Components of lease cost were as follows:
Year Ended September 30,
202520242023
Operating lease cost (a)
$86.8 $85.8 $92.3 
Variable lease cost27.0 30.3 28.6 
Finance lease cost
Amortization of right-of-use assets2.6 2.6 3.0 
Interest on lease liabilities0.7 0.8 0.8 
Total finance lease cost$3.3 $3.4 $3.8 
(a)Operating lease cost includes amortization of right-of-use assets of $69.6, $70.4 and $81.0 for fiscal 2025, fiscal 2024 and fiscal 2023, respectively. Short-term lease expense is excluded from operating lease cost and was $4.5, $6.1 and $6.6 for fiscal 2025, fiscal 2024 and fiscal 2023, respectively.
Supplemental cash flow information and non-cash activity related to the Company’s leases were as follows:
Year Ended September 30,
202520242023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases, net$96.5 $99.2 $93.0 
Operating cash flows from finance leases0.7 0.8 0.8 
Financing cash flows from finance leases2.3 2.3 2.7 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases$61.9 $77.0 $90.4 
Finance leases0.4 3.4 — 
Weighted-average remaining lease term and discount rate for the Company’s leases were as follows:
September 30, 2025September 30, 2024
Weighted-average remaining lease term (in years):
Operating leases 5.05.2
Finance leases7.88.1
Weighted-average discount rate:
Operating leases7.0 %5.9 %
Finance leases4.6 %4.7 %
Maturities of lease liabilities by fiscal year for the Company’s leases as of September 30, 2025 were as follows:
YearOperating LeasesFinance Leases
2026$87.5 $2.6 
202765.8 2.4 
202855.6 2.0 
202940.6 1.7 
203025.6 1.7 
Thereafter51.3 7.0 
Total lease payments326.4 17.4 
Less: Imputed interest(52.6)(2.9)
Total lease liabilities$273.8 $14.5 
LEASES LEASES
The Company leases certain property and equipment from third parties under various non-cancelable lease agreements, including industrial, commercial and office properties and equipment that support the management, manufacturing, distribution and research and development of products marketed and sold by the Company. The lease agreements generally require that the Company pay taxes, insurance and maintenance expenses related to the leased assets. At September 30, 2025, the Company had entered into operating leases that were yet to commence with a combined total expected lease liability of $69.3. From time to time, the Company will sublease portions of its facilities, resulting in sublease income. Sublease income and the related cash flows were not material to the consolidated financial statements for fiscal 2025.
The Company leases certain vehicles (primarily cars and light trucks) under agreements that are cancellable after the first year, but typically continue on a month-to-month basis until canceled by the Company. The vehicle leases and certain other non-cancelable operating leases contain residual value guarantees that create a contingent obligation on the part of the Company to compensate the lessor if the leased asset cannot be sold for an amount in excess of a specified minimum value at the conclusion of the lease term. If all such vehicle leases had been canceled as of September 30, 2025, the Company’s residual value guarantee would have approximated $4.1.
Supplemental balance sheet information related to the Company’s leases was as follows:
Balance Sheet LocationSeptember 30, 2025September 30, 2024
Operating leases:
Right-of-use assetsOther assets$256.3 $265.4 
Current lease liabilitiesOther current liabilities71.6 75.3 
Non-current lease liabilitiesOther liabilities202.2 215.8 
Total operating lease liabilities$273.8 $291.1 
Finance leases:
Right-of-use assetsProperty, plant and equipment, net$11.7 $15.2 
Current lease liabilitiesCurrent portion of debt2.0 2.6 
Non-current lease liabilitiesLong-term debt12.5 15.2 
Total finance lease liabilities$14.5 $17.8 
Components of lease cost were as follows:
Year Ended September 30,
202520242023
Operating lease cost (a)
$86.8 $85.8 $92.3 
Variable lease cost27.0 30.3 28.6 
Finance lease cost
Amortization of right-of-use assets2.6 2.6 3.0 
Interest on lease liabilities0.7 0.8 0.8 
Total finance lease cost$3.3 $3.4 $3.8 
(a)Operating lease cost includes amortization of right-of-use assets of $69.6, $70.4 and $81.0 for fiscal 2025, fiscal 2024 and fiscal 2023, respectively. Short-term lease expense is excluded from operating lease cost and was $4.5, $6.1 and $6.6 for fiscal 2025, fiscal 2024 and fiscal 2023, respectively.
Supplemental cash flow information and non-cash activity related to the Company’s leases were as follows:
Year Ended September 30,
202520242023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases, net$96.5 $99.2 $93.0 
Operating cash flows from finance leases0.7 0.8 0.8 
Financing cash flows from finance leases2.3 2.3 2.7 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases$61.9 $77.0 $90.4 
Finance leases0.4 3.4 — 
Weighted-average remaining lease term and discount rate for the Company’s leases were as follows:
September 30, 2025September 30, 2024
Weighted-average remaining lease term (in years):
Operating leases 5.05.2
Finance leases7.88.1
Weighted-average discount rate:
Operating leases7.0 %5.9 %
Finance leases4.6 %4.7 %
Maturities of lease liabilities by fiscal year for the Company’s leases as of September 30, 2025 were as follows:
YearOperating LeasesFinance Leases
2026$87.5 $2.6 
202765.8 2.4 
202855.6 2.0 
202940.6 1.7 
203025.6 1.7 
Thereafter51.3 7.0 
Total lease payments326.4 17.4 
Less: Imputed interest(52.6)(2.9)
Total lease liabilities$273.8 $14.5