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INCOME TAXES (Tables)

12 Months Ended

Sep. 30, 2025

Income Tax Disclosure [Abstract]

Schedule of Income Tax Expense (Benefit)

Income tax expense (benefit) was calculated based upon the following components of income (loss) from continuing operations before income taxes for the years ended September 30, 2025, 2024 and 2023.

(in millions)						2025						2024						2023
United States						$	(53.1)					$	8.0					$	(399.8)
Outside the United States						140.3						155.6						109.6
Income (loss) from operations before income taxes						$	87.2					$	163.6					$	(290.2)

Schedule of Components of Income Tax Expense

The components of income tax expense (benefit) for the years ended September 30, 2025, 2024 and 2023 are as follows.

(in millions)						2025						2024						2023
Current tax expense
U.S. Federal						$	10.9					$	27.4					$	81.8
Foreign						34.2						31.9						44.9
State and local						1.1						1.3						(0.4)
Total current tax expense						46.2						60.6						126.3
Deferred tax (benefit) expense
U.S. Federal						(20.5)						6.2						(197.7)
Foreign						(26.4)						1.2						5.0
State and local						(12.3)						(3.7)						9.9
Total deferred tax (benefit) expense						(59.2)						3.7						(182.8)
Income tax (benefit) expense						$	(13.0)					$	64.3					$	(56.5)

Schedule of Reconciliation of Income Tax Expense (Benefit)

The following reconciles the total income tax (benefit) expense, based on the U.S. Federal statutory income tax rate of 21% with the Company’s recognized income tax (benefit) expense.

(in millions)						2025						2024						2023
U.S. Statutory federal income tax expense (benefit)						$	18.3					$	34.4					$	(60.9)
Permanent items						4.9						8.1						5.0
Goodwill impairment						—						—						2.8
Foreign statutory rate vs. U.S. statutory rate						(1.9)						(3.7)						(1.6)
State income taxes, net of federal effect						(4.5)						(3.2)						(14.5)
State and Foreign effective rate change						(6.4)						1.0						(4.0)
GILTI						0.6						5.0						2.1
Residual tax on foreign earnings						1.8						1.9						1.5
Change in valuation allowance						(13.2)						1.9						0.2
Unrecognized tax expense						4.1						7.3						3.8
Share based compensation adjustments						(0.8)						0.3						0.3
Research and development tax credits						(2.0)						(2.3)						(1.8)
Partnership outside basis adjustment						(9.5)						7.7						7.0
Return to provision adjustments						(3.8)						4.0						(0.9)
Other						(0.6)						$	1.9					$	4.5
Income tax (benefit) expense						$	(13.0)					$	64.3					$	(56.5)

Schedule of Deferred Tax Assets and Deferred Tax Liabilities

The tax effects of temporary differences that give rise to deferred tax assets and deferred tax liabilities as of September 30, 2025 and 2024 are as follows.

(in millions)						2025						2024
Deferred tax assets
Employee benefits						$	22.2					$	27.4
Inventories and receivables						22.9						28.0
Marketing and promotional accruals						8.0						5.1
Property, plant and equipment						1.7						2.3
Unrealized losses						13.2						22.2
Intangibles						14.9						9.6
Operating lease liabilities						19.8						27.7
Net operating loss and credit carry forwards						347.6						322.2
Other						10.9						21.1
Total deferred tax assets						461.2						465.6
Deferred tax liabilities
Property, plant and equipment						1.2						4.4
Unrealized gains						2.7						6.8
Intangibles						164.7						171.8
Operating lease assets						16.9						23.4
Investment in partnership						64.5						78.3
Taxes on unremitted foreign earnings						2.4						1.7
Other						15.1						13.7
Total deferred tax liabilities						267.5						300.1
Net deferred tax liabilities						193.7						165.5
Valuation allowance						(296.4)						(321.4)
Net deferred tax liabilities, net valuation allowance						$	(102.7)					$	(155.9)
Reported as:
Deferred charges and other						$	33.9					$	14.9
Deferred taxes (noncurrent liability)						136.6						170.8

Schedule of Unrecognized Tax Benefits

The following table summarizes the changes to the amount of unrecognized tax benefits for the years ended September 30, 2025, 2024 and 2023:

(in millions)						2025						2024						2023
Unrecognized tax benefits, beginning of year						$	190.2					$	121.1					$	100.9
Gross increase – tax positions in prior period						3.2						77.5						21.5
Gross decrease – tax positions in prior period						(6.7)						(9.2)						(34.4)
Gross increase – tax positions in current period						1.4						1.7						33.4
Settlements						—						(0.6)						—
Lapse of statutes of limitations						(1.8)						(0.3)						(0.3)
Unrecognized tax benefits, end of year						$	186.3					$	190.2					$	121.1

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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