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Related Party Transactions and Parent Company Investment (Tables) | 6 Months Ended
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Mar. 31, 2022
Related Party Transactions [Abstract] |
Schedule of Related Party Transactions | The allocations of General Corporate Expenses are reflected in the condensed combined statements of income as follows:
| Three months ended March 31, |  | Six months ended March 31,
| 2022 |  | 2021 |  | 2022 |  | 2021
Cost of products sold | $ | 0.7 |  |  | $ | 3.2 |  |  | $ | 2.3 |  |  | $ | 7.9 |
Selling and administrative expense | 23.5 |  | 23.7 |  | 47.9 |  | 48.1
Research and development expense | 1.8 |  | 1.3 |  | 3.5 |  | 2.5
Other (income) expense, net | 0.4 |  | (0.5) |  | (0.6) |  | (2.1)
Total General Corporate Expenses | $ | 26.4 |  |  | $ | 27.7 |  |  | $ | 53.1 |  |  | $ | 56.4 |
The following table summarizes related party purchases for the three and six month periods ended March 31, 2022 and 2021:
| Three months ended March 31, |  | Six months ended March 31,
| 2022 |  | 2021 |  | 2022 |  | 2021
Purchases from Parent | $ | 13.6 |  |  | $ | 10.6 |  |  | $ | 28.0 |  |  | $ | 20.3 |
The following table summarizes the components of net transfers to Parent for the three months ended March 31, 2022 and 2021:
| Three months ended March 31,
| 2022 |  | 2021
Cash pooling and general financing activities(1) | $ | 78.5 |  |  | $ | 146.7 |
Corporate and segment allocations | (30.6) |  | (32.0)
Taxes deemed settled with Parent | 1.6 |  |  | (6.7) |
Net Consideration paid to Parent in connection with the spin off | 1,266.0 |  |  | — |
Related party senior secured notes | 197.0 |  |  | — |
Other transfers to Parent, net | 78.0 |  |  | 1.2
Net transfers to Parent (Note 2) | $ | 1,590.5 |  |  | $ | 109.2 |
(1)The nature of activities includes financing activities for capital transfers, cash sweeps and other treasury services. As part of this activity, cash balances are swept to BD on a daily basis under the BD Treasury function and the Company receives capital from BD for its cash needs. The following table summarizes the components of the net transfers to Parent for the six months ended March 31, 2022 and 2021:
| Six months ended March 31,
| 2022 |  | 2021
Cash pooling and general financing activities(1) | $ | 255.9 |  |  | $ | 303.1 |
Corporate and segment allocations, excluding non-cash share-based compensation | (50.4) |  | (53.7)
Taxes deemed settled with Parent | (16.2) |  | (26.5)
Net transfers to Parent as reflected in the condensed combined statements of cash flows | 189.3 |  | 222.9
Share-based compensation expense | (8.5) |  | (6.7)
Pension expense | (3.6) |  | (4.9)
Net Consideration paid to Parent in connection with the spin off | 1,266.0 |  |  | — |
Related party senior secured notes | 197.0 |  |  | — |
Other transfers to (from) Parent, net | 84.1 |  |  | (10.3) |
Net transfers to Parent (Note 2) | $ | 1,724.3 |  |  | $ | 201.0 |
(1)The nature of activities includes financing activities for capital transfers, cash sweeps and other treasury services. As part of this activity, cash balances are swept to BD on a daily basis under the BD Treasury function and the Company receives capital from BD for its cash needs.

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- Definition Tabular disclosure of related party transactions. Examples of related party transactions include, but are not limited to, transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners and (d) affiliates. + References No definition available. + Details
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