Hillenbrand, Inc. Quarterly report pursuant to Section 13 or 15(d)

Other Comprehensive Income (Loss)

9 Months Ended

Jun. 30, 2018

Other Comprehensive Income



	Pension and Postretirement			Currency Translation			Net Unrealized Gain (Loss) on Derivative Instruments			Total Attributable to Hillenbrand, Inc.			Noncontrolling Interests		Total
Balance at September 30, 2016	$	(67.5	)	$	(61.6	)	$	(0.7	)	$	(129.8	)
Other comprehensive income before reclassifications
Before tax amount	11.3			11.4			3.4			26.1			$	0.3	$	26.4
Tax expense	(4.1		)	—			(1.2		)	(5.3		)	—		(5.3		)
After tax amount	7.2			11.4			2.2			20.8			0.3		21.1
Amounts reclassified from accumulated other comprehensive income(1)	2.5			—			(0.1		)	2.4			—		2.4
Net current period other comprehensive income	9.7			11.4			2.1			23.2			$	0.3	$	23.5
Balance at June 30, 2017	$	(57.8	)	$	(50.2	)	$	1.4		$	(106.6	)

(1) Amounts are net of tax.



	Pension and Postretirement			Currency Translation			Net Unrealized Gain (Loss) on Derivative Instruments			Total Attributable to Hillenbrand, Inc.			Noncontrolling Interests			Total
Balance at September 30, 2017	$	(45.3	)	$	(36.9	)	$	1.0		$	(81.2	)
Other comprehensive income before reclassifications
Before tax amount	—			(4.8		)	(0.2		)	(5.0		)	$	(0.3	)	$	(5.3	)
Tax expense	—			—			—			—			—			—
After tax amount	—			(4.8		)	(0.2		)	(5.0		)	(0.3		)	(5.3		)
Amounts reclassified from accumulated other comprehensive income(1)	2.1			—			0.4			2.5			—			2.5
Net current period other comprehensive income (loss)	2.1			(4.8		)	0.2			(2.5		)	$	(0.3	)	$	(2.8	)
Balance at June 30, 2018	$	(43.2	)	$	(41.7	)	$	1.2		$	(83.7	)

(1) Amounts are net of tax.

Reclassifications out of Accumulated Other Comprehensive Income include:



	Three Months Ended June 30, 2017
	Amortization of Pension and Postretirement (1)				(Gain)/Loss on Derivative Instruments
	Net Loss Recognized		Prior Service Costs Recognized		(Gain)/Loss on Derivative Instruments			Total
Affected Line in the Consolidated Statement of Operations:
Net revenue	$	—	$	—	$	(0.2	)	$	(0.2	)
Cost of goods sold	0.5		0.1		(0.2		)	0.4
Operating expenses	0.2		—		—			0.2
Other income (expense), net	—		—		—			—
Total before tax	$	0.7	$	0.1	$	(0.4	)	$	0.4
Tax expense								(0.1		)
Total reclassifications for the period, net of tax								$	0.3

	Nine Months Ended June 30, 2017
	Amortization of Pension and Postretirement (1)				(Gain)/Loss on Derivative Instruments
	Net Loss Recognized		Prior Service Costs Recognized		(Gain)/Loss on Derivative Instruments			Total
Affected Line in the Consolidated Statement of Operations:
Net revenue	$	—	$	—	$	—		$	—
Cost of goods sold	2.4		0.2		(0.2		)	2.4
Operating expenses	1.1		0.1		—			1.2
Other income (expense), net	—		—		0.1			0.1
Total before tax	$	3.5	$	0.3	$	(0.1	)	$	3.7
Tax expense								(1.3		)
Total reclassifications for the period, net of tax								$	2.4



	Three Months Ended June 30, 2018
	Amortization of Pension and Postretirement (1)				(Gain)/Loss on
	Net Loss Recognized		Prior Service Costs Recognized		Derivative Instruments		Total
Affected Line in the Consolidated Statement of Operations:
Net revenue	$	—	$	—	$	0.9	$	0.9
Cost of goods sold	0.6		—		—		0.6
Operating expenses	0.3		0.1		—		0.4
Other income (expense), net	—		—		—		—
Total before tax	$	0.9	$	0.1	$	0.9	$	1.9
Tax expense							(0.5		)
Total reclassifications for the period, net of tax							$	1.4

	Nine Months Ended June 30, 2018
	Amortization of Pension and Postretirement (1)				(Gain)/Loss on
	Net Loss Recognized		Prior Service Costs Recognized		Derivative Instruments		Total
Affected Line in the Consolidated Statement of Operations:
Net revenue	$	—	$	—	$	0.5	$	0.5
Cost of goods sold	1.9		0.1		—		2.0
Operating expenses	1.0		—		—		1.0
Other income (expense), net	—		—		—		—
Total before tax	$	2.9	$	0.1	$	0.5	$	3.5
Tax expense							(1.0		)
Total reclassifications for the period, net of tax							$	2.5

(1) These accumulated other comprehensive income components are included in the computation of net periodic pension cost (see Note 7).

Reclassifications out of Accumulated Other Comprehensive Income include:



	Three Months Ended June 30, 2017
	Amortization of Pension and Postretirement (1)				(Gain)/Loss on Derivative Instruments
	Net Loss Recognized		Prior Service Costs Recognized		(Gain)/Loss on Derivative Instruments			Total
Affected Line in the Consolidated Statement of Operations:
Net revenue	$	—	$	—	$	(0.2	)	$	(0.2	)
Cost of goods sold	0.5		0.1		(0.2		)	0.4
Operating expenses	0.2		—		—			0.2
Other income (expense), net	—		—		—			—
Total before tax	$	0.7	$	0.1	$	(0.4	)	$	0.4
Tax expense								(0.1		)
Total reclassifications for the period, net of tax								$	0.3

	Nine Months Ended June 30, 2017
	Amortization of Pension and Postretirement (1)				(Gain)/Loss on Derivative Instruments
	Net Loss Recognized		Prior Service Costs Recognized		(Gain)/Loss on Derivative Instruments			Total
Affected Line in the Consolidated Statement of Operations:
Net revenue	$	—	$	—	$	—		$	—
Cost of goods sold	2.4		0.2		(0.2		)	2.4
Operating expenses	1.1		0.1		—			1.2
Other income (expense), net	—		—		0.1			0.1
Total before tax	$	3.5	$	0.3	$	(0.1	)	$	3.7
Tax expense								(1.3		)
Total reclassifications for the period, net of tax								$	2.4



	Three Months Ended June 30, 2018
	Amortization of Pension and Postretirement (1)				(Gain)/Loss on
	Net Loss Recognized		Prior Service Costs Recognized		Derivative Instruments		Total
Affected Line in the Consolidated Statement of Operations:
Net revenue	$	—	$	—	$	0.9	$	0.9
Cost of goods sold	0.6		—		—		0.6
Operating expenses	0.3		0.1		—		0.4
Other income (expense), net	—		—		—		—
Total before tax	$	0.9	$	0.1	$	0.9	$	1.9
Tax expense							(0.5		)
Total reclassifications for the period, net of tax							$	1.4

	Nine Months Ended June 30, 2018
	Amortization of Pension and Postretirement (1)				(Gain)/Loss on
	Net Loss Recognized		Prior Service Costs Recognized		Derivative Instruments		Total
Affected Line in the Consolidated Statement of Operations:
Net revenue	$	—	$	—	$	0.5	$	0.5
Cost of goods sold	1.9		0.1		—		2.0
Operating expenses	1.0		—		—		1.0
Other income (expense), net	—		—		—		—
Total before tax	$	2.9	$	0.1	$	0.5	$	3.5
Tax expense							(1.0		)
Total reclassifications for the period, net of tax							$	2.5

(1) These accumulated other comprehensive income components are included in the computation of net periodic pension cost (see Note 7).