XML 110 R47.htm IDEA: XBRL DOCUMENT v3.25.3

EMPLOYEE BENEFIT PLANS (Tables)

12 Months Ended

Sep. 30, 2025

Retirement Benefits [Abstract]

Schedule of Additional Information on Pension Plans

The following tables provide additional information on the defined benefit plans as of September 30, 2025 and 2024.

						U.S. Plans												Non U.S. Plans
(in millions)						2025						2024						2025						2024
Changes in benefit obligation
Benefit obligation, beginning of year						$	54.0					$	50.9					$	112.7					$	106.5
Service cost						0.4						0.7						0.8						0.7
Interest cost						2.4						2.8						4.4						5.0
Actuarial loss						(2.2)						4.4						(8.5)						8.0
Curtailments						—						—						—						(11.1)
Benefits paid						(4.5)						(4.8)						(4.4)						(4.5)
Foreign currency exchange rate changes						—						—						3.2						8.1
Benefit obligation, end of year						50.1						54.0						108.2						112.7
Changes in plan assets
Fair value of plan assets, beginning of year						53.2						49.0						109.4						102.7
Actual return on plan assets						2.3						8.9						(0.1)						7.9
Employer contributions						0.1						0.1						2.7						6.4
Curtailments						—						—						—						(11.1)
Benefits paid						(4.5)						(4.8)						(4.4)						(4.5)
Foreign currency exchange rate changes						—						—						2.8						8.0
Fair value of plan assets, end of year						51.1						53.2						110.4						109.4
Funded Status						$	1.0					$	(0.8)					$	2.2					$	(3.3)
Amounts recognized in statement of financial position
Deferred charges and other						$	1.2					$	—					$	13.0					$	12.4
Other accrued expenses						—						0.1						—						—
Other long-term liabilities						0.2						0.7						10.8						15.7
Accumulated other comprehensive loss						4.5						7.7						24.8						29.5
Weighted average assumptions
Discount rate						4.79%- 5.10%						4.39%- 4.74%						3.90% - 5.90%						3.40% - 5.10%
Rate of compensation increase						N/A						N/A						2.75%						2.75%

Schedule 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. Plans
(in millions)						2025						2024						2025						2024
Projected benefit obligation						$	0.3					$	54.0					$	66.8					$	66.8
Accumulated benefit obligation						0.3						54.0						64.4						64.0
Fair value of plan assets						—						53.2						56.0						51.1

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, 2025, 2024 and 2023.

						U.S. Plans																		Non U.S. Plans
(in millions)						2025						2024						2023						2025						2024						2023
Service cost						$	0.4					$	0.7					$	0.6					$	0.8					$	0.7					$	0.8
Interest cost						2.4						2.8						2.8						4.4						5.0						4.6
Expected return on assets						(2.4)						(2.9)						(3.1)						(4.5)						(4.5)						(3.9)
Recognized net actuarial loss						1.1						—						—						0.9						0.9						0.8
Recognized net prior service cost						—						—						—						—						0.1						—
Net periodic benefit cost						$	1.5					$	0.6					$	0.3					$	1.6					$	2.2					$	2.3
Weighted average assumptions
Discount rate						4.39% - 4.74%						5.56% - 5.72%						5.37%						3.40% - 5.10%						4.00% - 5.60%						3.70% - 5.20%
Expected return on plan assets						5.25%						5.50%						5.25%						2.54% - 4.80%						2.54% - 5.00%						2.54% - 5.58%
Rate of compensation increase						N/A						N/A						N/A						2.75%						2.75%						2.75%

Schedule of Benefit Payments Expected To Be Paid

The following benefit payments are expected to be paid.

(in millions)						US Plans						Non US Plans
2026						$	4.8					$	5.1
2027						4.2						5.9
2028						4.1						6.4
2029						4.1						5.9
2030						4.0						6.9
2031-2035						18.9						33.5

Schedule of Allocation of Pension Plan Assets

Below is a summary allocation of defined benefit plan assets as of September 30, 2025 and 2024.

						U.S. Plans												Non U.S. Plans
Asset Type						2025						2024						2025						2024
Cash						—		%				—		%				6		%				—		%
Equity Securities						20		%				20		%				—		%				—		%
Fixed Income Securities						80		%				80		%				46		%				55		%
Other						—		%				—		%				48		%				45		%
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, 2025 and 2024 are as follows.

						2025																								2024
(in millions)						Level 1						Level 2						Level 3						Total						Level 1						Level 2						Level 3						Total
Cash & cash equivalents						$	6.3					$	—					$	—					$	6.3					$	1.3					$	—					$	—					$	1.3
Equity						4.2						3.4						—						7.6						3.5						4.4						—						7.9
Fixed income securities						31.8						6.6						—						38.4						33.3						7.1						—						40.4
Foreign equity						2.8						—						—						2.8						3.0						—						—						3.0
Foreign fixed income securities						—						51.3						—						51.3						—						60.5						—						60.5
Life insurance contracts						—						51.5						—						51.5						—						47.0						—						47.0
Other						—						3.6						—						3.6						—						2.5						—						2.5
Total plan assets						$	45.1					$	116.4					$	—					$	161.5					$	41.1					$	121.5					$	—					$	162.6

X

- Definition

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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Subparagraph (a)(b)(c)
-Paragraph 1
-SubTopic 20
-Topic 715
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

+ Details

Name:	us-gaap_ChangesInProjectedBenefitObligationsFairValueOfPlanAssetsAndFundedStatusOfPlanTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_CompensationAndRetirementDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the major categories of plan assets of pension plans and/or other employee benefit plans. This information may include, but is not limited to, the target allocation of plan assets, the fair value of each major category of plan assets, and the level within the fair value hierarchy in which the fair value measurements fall.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 715
-SubTopic 20
-Subparagraph (d)(5)
-Name Accounting Standards Codification
-Paragraph 1
-Section 50
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

+ Details

Name:	us-gaap_ScheduleOfAllocationOfPlanAssetsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of benefit obligation and plan assets for defined benefit pension plan with projected benefit obligation in excess of plan assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 17
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480482/715-20-55-17

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-3

+ Details

Name:	us-gaap_ScheduleOfBenefitObligationsInExcessOfFairValueOfPlanAssetsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation of beginning and ending balances of the fair value of plan assets of pension plans and/or other employee benefit plans showing separately, if applicable, the effects during the period attributable to each of the following: actual return on plan assets, foreign currency exchange rate changes, contributions by the employer, contributions by plan participants, benefits paid, business combinations, divestitures, and settlements.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 715
-SubTopic 20
-Subparagraph (b)
-Name Accounting Standards Codification
-Paragraph 1
-Section 50
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

+ Details

Name:	us-gaap_ScheduleOfChangesInFairValueOfPlanAssetsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of benefits expected to be paid by pension plans and/or other employee benefit plans in each of the next five fiscal years and in the aggregate for the five fiscal years thereafter.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-5

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 715
-SubTopic 20
-Subparagraph (f)
-Name Accounting Standards Codification
-Paragraph 1
-Section 50
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

+ Details

Name:	us-gaap_ScheduleOfExpectedBenefitPaymentsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (q)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-5

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 715
-SubTopic 20
-Subparagraph (h)
-Name Accounting Standards Codification
-Paragraph 1
-Section 50
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

+ Details

Name:	us-gaap_ScheduleOfNetBenefitCostsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration