Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.19.3
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Sep. 30, 2019
Accounting Policies [Abstract]  
Schedule of inventories
 
September 30,
 
2019
 
2018
Raw materials and components
$
72.3

 
$
68.3

Work in process
44.0

 
44.7

Finished goods
60.3

 
59.5

Total inventories
$
176.6

 
$
172.5


Schedule of carrying value of property, plant and equipment
 
September 30, 2019
 
September 30, 2018
 
Cost
 
Accumulated
Depreciation
 
Cost
 
Accumulated
Depreciation
Land and land improvements
$
15.0

 
$
(3.4
)
 
$
15.0

 
$
(3.3
)
Buildings and building equipment
103.5

 
(64.2
)
 
102.3

 
(60.7
)
Machinery and equipment
330.8

 
(241.4
)
 
328.5

 
(239.8
)
Total
$
449.3

 
$
(309.0
)
 
$
445.8

 
$
(303.8
)

Schedule of intangible assets and related amortization
 
September 30, 2019
 
September 30, 2018
 
Cost
 
Accumulated
Amortization
 
Cost
 
Accumulated
Amortization
Finite-lived assets:
 

 
 

 
 

 
 

Trade names
$
0.2

 
$
(0.2
)
 
$
0.2

 
$
(0.2
)
Customer relationships
464.2

 
(169.2
)
 
464.5

 
(148.4
)
Technology, including patents
76.8

 
(49.4
)
 
79.6

 
(45.1
)
Software
58.7

 
(51.7
)
 
58.0

 
(48.9
)
Other
0.2

 
(0.2
)
 
0.2

 
(0.2
)
 
600.1

 
(270.7
)
 
602.5

 
(242.8
)
Indefinite-lived assets:
 

 
 

 
 

 
 

Trade names
125.5

 

 
127.6

 

 
 
 
 
 
 
 
 
Total
$
725.6

 
$
(270.7
)
 
$
730.1

 
$
(242.8
)

Changes in the carrying amount of goodwill
 
Process
Equipment
Group
 
Batesville
 
Total
Balance September 30, 2017
$
639.2

 
$
8.3

 
$
647.5

Impairment charge
(58.8
)
 

 
(58.8
)
Foreign currency adjustments
(6.8
)
 

 
(6.8
)
Balance September 30, 2018
573.6

 
8.3

 
581.9

Acquisitions, including purchase price adjustments
12.4

 

 
12.4

Foreign currency adjustments
(16.3
)
 

 
(16.3
)
Balance September 30, 2019
$
569.7

 
$
8.3

 
$
578.0


Schedule of changes in accumulated other comprehensive income (loss) by component
 
September 30,
 
2019
 
2018
Currency translation
$
(64.7
)
 
$
(44.1
)
Pension and postretirement (net of taxes of $30.0 and $22.3)
(62.3
)
 
(41.0
)
Unrealized (loss) gain on derivative instruments (net of taxes of $0.7 and $0.3)
(13.6
)
 
0.9

Accumulated other comprehensive loss
$
(140.6
)
 
$
(84.2
)