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Employee Benefit Plans (Tables)

12 Months Ended

Sep. 30, 2020

Retirement Benefits [Abstract]

Schedule of Information on Pension Plans

The following tables provide additional information on the pension plans as of September 30, 2020 and 2019:

						U.S. Plans												Non U.S. Plans
(in millions)						2020						2019						2020						2019
Changes in benefit obligation:
Benefit obligation, beginning of year						$	80.2					$	70.5					$	167.8					$	148.9
Service cost						0.7						0.4						2.2						1.9
Interest cost						2.2						2.8						2.3						3.4
Actuarial loss (gain)						2.3						10.3						(0.9)						27.5
Settlements and curtailments						(4.6)						—						(1.6)						—
Plan Amendments						—						—						—						0.2
Benefits paid						(4.8)						(3.8)						(4.1)						(5.9)
Foreign currency exchange rate changes						—						—						9.4						(8.2)
Benefit obligation, end of year						76.0						80.2						175.1						167.8
Changes in plan assets:
Fair value of plan assets, beginning of year						68.6						69.3						120.0						115.8
Actual return on plan assets						5.1						2.7						1.1						13.5
Employer contributions						0.3						0.4						5.3						3.1
Settlements and curtailments						(4.6)						—						—						—
Benefits paid						(4.8)						(3.8)						(4.1)						(5.9)
Foreign currency exchange rate changes						—						—						6.9						(6.5)
Fair value of plan assets, end of year						64.6						68.6						129.2						120.0
Funded Status						$	(11.4)					$	(11.6)					$	(45.9)					$	(47.8)
Amounts recognized in statement of financial position
Deferred charges and other						$	—					$	—					$	3.0					$	3.0
Other accrued expenses						0.3						0.3						0.4						0.5
Other long-term liabilities						11.1						11.3						48.5						50.3
Accumulated other comprehensive loss						18.8						19.3						51.3						49.9
Weighted average assumptions
Discount rate						2.46%						3.04%						0.50 - 6.90%						0.75 - 7.70%
Rate of compensation increase						N/A						N/A						2.25 - 6.00%						2.25 - 6.00%

Schedule of Components of Net Periodic Benefit Cost

The following table contains the components of net periodic benefit cost from defined benefit plans for the years ended September 30, 2020, 2019 and 2018:

						U.S. Plans																		Non U.S. Plans
(in millions)						2020						2019						2018						2020						2019						2018
Service cost						$	0.7					$	0.4					$	0.4					$	2.2					$	1.9					$	2.0
Interest cost						2.2						2.8						2.7						2.3						3.4						3.6
Expected return on assets						(4.1)						(4.4)						(4.5)						(3.9)						(3.9)						(4.2)
Settlements and curtailments						0.9						—						—						0.1						0.3						0.1
Recognized net actuarial loss						0.9						0.2						1.1						3.4						1.8						1.4
Net periodic benefit cost						$	0.6					$	(1.0)					$	(0.3)					$	4.1					$	3.5					$	2.9
Weighted average assumptions
Discount rate						3.04%						4.10%						3.70%						0.75 - 7.70%						1.00 - 8.30%						1.13 - 7.50%
Expected return on plan assets						6.50%						6.50%						7.00%						0.75 - 3.40%						1.00 - 4.01%						1.13 - 4.13%
Rate of compensation increase						N/A						N/A						N/A						2.25 - 6.00%						2.25 - 7.00%						1.37 - 7.00%

Schedule of Allocation of Pension Plan Assets

Below is a summary allocation of defined benefit plan assets as of September 30, 2020 and 2019:

						U.S. Plans												Non U.S. Plans
Asset Type						2020						2019						2020						2019
Equity Securities						46		%				62		%				—		%				—		%
Fixed Income Securities						51		%				35		%				19		%				20		%
Other						3		%				3		%				81		%				80		%
Total						100		%				100		%				100		%				100		%

Schedule of Fair Value of Pension Plan Assets by Asset Category

The fair value of defined benefit plan assets by asset category as of September 30, 2020 and 2019 are as follows:

						September 30, 2020																								September 30, 2019
(in millions)						Level 1						Level 2						Level 3						Total						Level 1						Level 2						Level 3						Total
Cash & cash equivalents						$	9.3					$	—					$	—					$	9.3					$	8.3					$	—					$	—					$	8.3
Equity						11.9						10.7						—						22.6						16.8						13.1						—						29.9
Fixed income securities						22.3						6.4						—						28.7						21.6						—						—						21.6
Foreign equity						7.2						—						—						7.2						11.4						—						—						11.4
Foreign fixed income securities						1.3						24.7						—						26.0						2.1						23.6						—						25.7
Life insurance contracts						—						42.1						—						42.1						—						37.4						—						37.4
Other						1.7						56.2						—						57.9						2.2						52.1						—						54.3
Total plan assets						$	53.7					$	140.1					$	—					$	193.8					$	62.4					$	126.2					$	—					$	188.6

Schedule of Benefit Payments Expected To Be Paid

The following benefit payments are expected to be paid:

(in millions)						Amount
2021						$	9.0
2022						8.5
2023						8.7
2024						9.4
2025						9.9
2025-2029						55.3

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Tabular disclosure of the change in the benefit obligation, fair value of plan assets, and funded status of pension plans or other employee benefit plans.

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