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ACQUISITIONS (Tables) | 12 Months Ended
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Sep. 30, 2021
Business Combination and Asset Acquisition [Abstract] |
Schedule of Purchase Price Allocation | The calculation of purchase price and purchase price allocation is as follows:
(in millions) |  | Amount
Cash consideration |  | $ | 301.5 |
The calculation of purchase price and purchase price allocation is as follows:
(in millions) |  | Amount
Cash paid |  | $ | 187.7 |
Debt assumed |  | 51.0 |
Cash consideration |  | $ | 136.7 |
Schedule of Assets Acquired and Liabilities Assumed |
(in millions) |  | Purchase Price Allocation
Cash and cash equivalents |  | $ | 1.4 |
Trade receivables, net |  | 10.2 |
Inventories |  | 15.4 |
Prepaid expenses and other current assets |  | 0.3 |
Property, plant and equipment, net |  | 0.4 |
Goodwill |  | 147.0 |
Intangible assets, net |  | 128.7 |
Accounts payable |  | (1.7) |
Accrued wages and salaries |  | (0.1) |
Other current liabilities |  | (0.1) |
Net assets acquired |  | $ | 301.5 |
(in millions) |  | Purchase Price Allocation
Cash and cash equivalents |  | $ | 6.9 |
Trade receivables, net |  | 16.7 |
Other receivables |  | 1.9 |
Inventories |  | 16.3 |
Prepaid expenses and other current assets |  | 0.2 |
Property, plant and equipment, net |  | 3.0 |
Operating lease assets |  | 0.1 |
Deferred charges and other |  | 0.9 |
Goodwill |  | 90.7 |
Intangible assets, net |  | 88.6 |
Accounts payable |  | (9.2) |
Accrued wages and salaries |  | (1.5) |
Other current liabilities |  | (7.0) |
Long-term debt, net of current portion |  | (51.0) |
Long-term operating lease liabilities |  | (0.1) |
Deferred income taxes |  | (18.0) |
Other long-term liabilities |  | (1.8) |
Net assets acquired |  | $ | 136.7 |
Schedule of Intangible Assets and Weighted Average Useful Lives | The values allocated to intangible assets and the weighted average useful lives are as follows:
(in millions) |  | Carrying Amount |  | Weighted Average Useful Life (Years)
Tradenames |  | $ | 119.0 |  |  | Indefinite
Customer relationships |  | 8.4 |  |  | 14 years
Technology |  | 1.3 |  |  | 11 years
Total intangibles acquired |  | $ | 128.7 |  |  |
The values allocated to intangible assets and the weighted average useful lives are as follows:
(in millions) |  | Carrying Amount |  | Weighted Average Useful Life (Years)
Tradenames |  | $ | 74.3 |  |  | Indefinite
Customer relationships |  | 14.3 |  |  | 12 years
Total intangibles acquired |  | $ | 88.6 |  |  |

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- Definition Tabular disclosure of finite-lived and indefinite-lived intangible assets acquired as part of a business combination. + References No definition available. + Details
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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=123413009&loc=d3e4845-128472 + Details
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