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Leases

3 Months Ended

Dec. 31, 2025

For the three months ended December 31, 2025 and 2024, the Company recognized $8.0 and $10.5 of operating lease expense, respectively, including short-term lease expense and variable lease costs, which were immaterial in each period. The Company’s finance leases were insignificant as of December 31, 2025 and September 30, 2025.

The following table presents supplemental Consolidated Balance Sheet information related to the Company’s operating leases:


	December 31, 2025			September 30, 2025
Operating lease right-of-use assets, net	$	107.8		$	104.1

Other current liabilities	20.0			19.6
Operating lease liabilities	80.4			77.1
Total operating lease liabilities	$	100.4		$	96.7

Weighted-average remaining lease term (in years)	5.6			5.6

Weighted-average discount rate	4.5		%	4.3		%

As of December 31, 2025, the maturities of the Company’s operating lease liabilities were as follows:


2026 (excluding the three months ended December 31, 2025)	$	19.0
2027	22.1
2028	19.3
2029	17.0
2030	15.5
Thereafter	21.2
Total lease payments	114.1
Less: imputed interest	(13.7)
Total present value of lease payments	$	100.4

Supplemental Consolidated Statements of Cash Flow information related to the Company’s operating leases is as follows:


	Three Months Ended December 31,
	2025		2024
Cash paid for amounts included in the measurement of operating lease liabilities	$	6.7	$	8.0
Operating lease right-of-use assets, net obtained in exchange for new operating lease liabilities	6.1		4.6