ACCUMULATED OTHER COMPREHENSIVE INCOME

12 Months Ended

Sep. 30, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

The changes in the components of accumulated other comprehensive income (loss), net of taxes, was as follows:


(in millions)	Foreign Currency Translation		Derivative Instruments		Defined Benefit Pension		Total
Balance at September 30, 2020	$	(226.6)	$	3.6	$	(61.7)	$	(284.7)
Other comprehensive income before reclassification	32.2		0.1		11.7		44.0

Net reclassification for loss to income from continuing operations	—		9.2		4.8		14.0
Net reclassification for loss (gain) to income from discontinued operations	—		0.1		(0.1)		—
Other comprehensive income before tax	32.2		9.4		16.4		58.0
Deferred tax effect	—		(6.6)		(1.6)		(8.2)

Other comprehensive income, net of tax	32.2		2.8		14.8		49.8



Less: other comprehensive income from discontinued operations attributable to non-controlling interest	0.4		—		—		0.4
Other comprehensive income attributable to controlling interest	31.8		2.8		14.8		49.4
Balance as of September 30, 2021	(194.8)		6.4		(46.9)		(235.3)
Other comprehensive (loss) income before reclassification	(72.0)		30.7		18.3		(23.0)

Net reclassification for loss (gain) to income from continuing operations	—		(20.2)		3.6		(16.6)
Net reclassification for loss (gain) to income from discontinued operations	—		(2.4)		(0.1)		(2.5)
Other comprehensive income before tax	(72.0)		8.1		21.8		(42.1)
Deferred tax effect	(20.0)		2.3		(8.9)		(26.6)

Other comprehensive (loss) income, net of tax	(92.0)		10.4		12.9		(68.7)


Less: other comprehensive loss from continuing operations attributable to non-controlling interest	(0.4)		—		—		(0.4)
Less: other comprehensive loss from discontinued operations attributable to non-controlling interest	(0.5)		—		—		(0.5)
Other comprehensive (loss) income attributable to controlling interest	(91.1)		10.4		12.9		(67.8)
Balance as of September 30, 2022	(285.9)		16.8		(34.0)		(303.1)
Other comprehensive income (loss) before reclassification	37.3		(35.3)		(0.8)		1.2

Net reclassification for loss to income from continuing operations	—		12.2		0.8		13.0
Net reclassification for loss (gain) to income from discontinued operations	—		2.3		(0.1)		2.2
Other comprehensive income (loss) before tax	37.3		(20.8)		(0.1)		16.4
Deferred tax effect	7.0		5.4		(0.1)		12.3
Deferred tax valuation allowance	—		—		—		—
Other comprehensive income (loss), net of tax	44.3		(15.4)		(0.2)		28.7
Deconsolidation of discontinued operations	26.6		—		(0.5)		26.1
Net change to determine comprehensive income for the period	70.9		(15.4)		(0.7)		54.8
Less: other comprehensive income from continuing operations attributable to non-controlling interest	0.3		—		—		0.3

Less: Deconsolidation of discontinued operations	0.8		—		—		0.8
Other comprehensive income (loss) attributable to controlling interest	69.8		(15.4)		(0.7)		53.7
Balance as of September 30, 2023	$	(216.1)	$	1.4	$	(34.7)	$	(249.4)

The following table presents reclassifications of the gain (loss) on the Consolidated Statements of Income from AOCI for the periods indicated:


(in millions)	2023						2022						2021
	Defined Benefit Pension		Derivative Instruments		Total		Defined Benefit Pension		Derivative Instruments		Total		Defined Benefit Pension		Derivative Instruments		Total
Net Sales	$	—	$	0.2	$	0.2	$	—	$	0.1	$	0.1	$	—	$	0.1	$	0.1
Cost of goods sold	—		(12.4)		(12.4)		—		20.1		20.1		—		(9.3)		(9.3)

Other non-operating expense (income), net	(0.8)		—		(0.8)		(3.6)		—		(3.6)		(4.8)		—		(4.8)
Income from discontinued operations, net of tax	0.1		(2.3)		(2.2)		0.1		2.4		2.5		0.1		(0.1)		—

See Note 14 - Derivatives for further detail on the Company’s hedging activity. See Note 15 - Employee Benefit Plans for further detail over the Company’s defined benefit plans.