Quarterly report pursuant to Section 13 or 15(d)

Supplemental Balance Sheet Information

v3.20.1
Supplemental Balance Sheet Information
6 Months Ended
Mar. 31, 2020
Balance Sheet Related Disclosures [Abstract]  
Supplemental Balance Sheet Information
Supplemental Consolidated Balance Sheet Information
 
 
March 31,
2020
 
September 30,
2019
Trade accounts receivable reserves
$
24.6

 
$
22.8

 
 
 
 
Accumulated depreciation on property, plant, and equipment
$
322.3

 
$
309.0

 
 
 
 
Inventories, net:
 

 
 

Finished goods
$
184.0

 
$
60.3

Raw materials and components
138.0

 
72.3

Work in process
101.3

 
44.0

Total inventories, net
$
423.3

 
$
176.6

 

Trade accounts receivable reserves consist of the allowance of doubtful accounts, which is a best estimate of the amount of probable credit losses and collection risk in the existing trade receivables portfolio, and the allowance for cash discounts and sales returns, which is based upon historical experience and trends. The Company considers a variety of factors when determining the accounts receivable reserves including macroeconomic conditions, specific industry trends, and customer classes. The Company specifically considered the impact of the COVID-19 pandemic on our trade receivables and determined there was no material impact on existing trade receivables at March 31, 2020.