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EMPLOYEE BENEFIT PLANS (Tables)

12 Months Ended

Sep. 30, 2021

Retirement Benefits [Abstract]

Schedule of Additional Information on Pension Plans

The following tables provide additional information on the pension plans as of September 30, 2021 and 2020:

						U.S. Plans												Non U.S. Plans
(in millions)						2021						2020						2021						2020
Changes in benefit obligation:
Benefit obligation, beginning of year						$	76.0					$	80.2					$	158.7					$	153.4
Obligations assumed from acquisition						—						—						19.0						—
Service cost						0.5						0.7						1.5						1.7
Interest cost						1.8						2.2						2.1						1.9
Actuarial (gain) loss						(2.6)						2.3						(3.4)						(2.5)
Settlements and curtailments						—						(4.6)						—						(1.6)
Plan Amendments						—						—						0.1						—
Benefits paid						(4.3)						(4.8)						(5.0)						(3.5)
Foreign currency exchange rate changes						—						—						3.1						9.3
Benefit obligation, end of year						71.4						76.0						176.1						158.7
Changes in plan assets:
Fair value of plan assets, beginning of year						64.6						68.6						120.5						112.1
Assets assumed from acquisition						—						—						17.2						—
Actual return on plan assets						9.0						5.1						4.6						0.8
Employer contributions						0.3						0.3						6.6						4.7
Settlements and curtailments						—						(4.6)						—						—
Benefits paid						(4.3)						(4.8)						(5.0)						(3.5)
Foreign currency exchange rate changes						—						—						3.5						6.4
Fair value of plan assets, end of year						69.6						64.6						147.4						120.5
Funded Status						$	(1.8)					$	(11.4)					$	(28.7)					$	(38.2)
Amounts recognized in statement of financial position
Deferred charges and other						$	—					$	—					$	12.4					$	3.0
Other accrued expenses						0.1						0.3						—						—
Other long-term liabilities						1.7						11.1						41.1						41.3
Accumulated other comprehensive loss						9.4						18.8						43.2						50.1
Weighted average assumptions
Discount rate						2.70%						2.46%						1.00 - 2.00%						0.85 - 1.75%
Rate of compensation increase						N/A						N/A						2.50%						2.25%

Summary of Projected Benefit Obligations, Accumulated Benefit Obligations, and Fair Value of Plan Assets

The following table summarizes the projected benefit obligation, accumulated benefit obligation and fair value of plan assets for defined benefit plans with projected benefit obligations in excess of plan assets:

						U.S. Plans												Non U.S. Plan
(in millions)						2021						2020						2021						2020
Projected benefit obligation						$	71.4					$	76.1					$	106.2					$	86.8
Accumulated benefit obligation						71.4						76.1						100.6						81.3
Fair value of plan assets						69.6						64.6						65.1						45.5

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, 2021, 2020 and 2019:

						U.S. Plans																		Non U.S. Plans
(in millions)						2021						2020						2019						2021						2020						2019
Service cost						$	0.5					$	0.7					$	0.4					$	1.5					$	1.7					$	1.4
Interest cost						1.8						2.2						2.8						2.1						1.9						2.9
Expected return on assets						(3.7)						(4.1)						(4.4)						(4.0)						(3.8)						(3.8)
Settlements and curtailments						—						0.9						—						—						—						—
Recognized net actuarial loss						1.4						0.9						0.2						3.4						3.7						1.9
Net periodic benefit cost						$	—					$	0.6					$	(1.0)					$	3.0					$	3.5					$	2.4
Weighted average assumptions
Discount rate						2.46%						3.04%						4.10%						0.70 - 1.75%						0.75 - 1.80%						1.85 - 4.07%
Expected return on plan assets						6.00%						6.50%						6.50%						0.70 - 3.40%						3.07 - 3.40%						3.40 - 4.01%
Rate of compensation increase						N/A						N/A						N/A						2.25%						2.25%						2.25 - 2.50%

Schedule of Allocation of Pension Plan Assets

Below is a summary allocation of defined benefit plan assets as of September 30, 2021 and 2020:

						U.S. Plans												Non U.S. Plans
Asset Type						2021						2020						2021						2020
Equity Securities						30		%				46		%				—		%				—		%
Fixed Income Securities						70		%				51		%				16		%				21		%
Other						—		%				3		%				84		%				79		%
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, 2021 and 2020 are as follows:

						September 30, 2021																								September 30, 2020
(in millions)						Level 1						Level 2						Level 3						Total						Level 1						Level 2						Level 3						Total
Cash & cash equivalents						$	0.6					$	—					$	—					$	0.6					$	0.6					$	—					$	—					$	0.6
Equity						8.1						8.3						—						16.4						11.9						10.7						—						22.6
Fixed income securities						29.6						9.9						—						39.5						22.3						6.4						—						28.7
Foreign equity						4.8						—						—						4.8						7.2						—						—						7.2
Foreign fixed income securities						—						23.6						—						23.6						1.3						24.7						—						26.0
Life insurance contracts						—						42.6						—						42.6						—						42.1						—						42.1
Annuity policy						—						—						18.8						18.8						—						—						—						—
Other						—						70.7						—						70.7						1.7						56.2						—						57.9
Total plan assets						$	43.1					$	155.1					$	18.8					$	217.0					$	45.0					$	140.1					$	—					$	185.1

Schedule of Benefit Payments Expected To Be Paid

The following benefit payments are expected to be paid:

(in millions)						U.S. Plans						Non U.S. Plans
2022						$	4.5					$	3.9
2023						4.1						4.3
2024						4.1						4.8
2025						4.1						4.9
2026						4.2						5.3
2027-2031						20.5						31.5

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