Quarterly report pursuant to Section 13 or 15(d)

Other Comprehensive Income (Loss)

v3.20.1
Other Comprehensive Income (Loss)
6 Months Ended
Mar. 31, 2020
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Schedule of reclassifications of AOCI Other Comprehensive Loss

The following tables summarize the changes in the accumulated balances for each component of accumulated other comprehensive loss:
 
Pension and
Postretirement
 
Currency
Translation
 
Net
Unrealized
Gain (Loss)
on Derivative
Instruments
 
Total
Attributable
to
Hillenbrand,
Inc.
 
Noncontrolling
Interests
 
Total
Balance at September 30, 2019
$
(62.3
)
 
$
(64.7
)
 
$
(13.6
)
 
$
(140.6
)
 
 

 
 

Other comprehensive loss before reclassifications:
 

 
 

 
 

 
 

 
 

 
 

Before tax amount

 
(12.3
)
 
(3.0
)
 
(15.3
)
 
$
(0.6
)
 
$
(15.9
)
Tax benefit

 

 
0.6

 
0.6

 

 
0.6

After tax amount

 
(12.3
)
 
(2.4
)
 
(14.7
)
 
(0.6
)
 
(15.3
)
Amounts reclassified from accumulated other comprehensive loss(1)
2.5

 

 
0.5

 
3.0

 

 
3.0

Net current period other comprehensive income (loss)
2.5

 
(12.3
)
 
(1.9
)
 
(11.7
)
 
$
(0.6
)
 
$
(12.3
)
Reclassification of certain income tax effects (2)

(6.0
)
 

 

 
(6.0
)
 
 
 
 
Balance at March 31, 2020
$
(65.8
)
 
$
(77.0
)
 
$
(15.5
)
 
$
(158.3
)
 
 

 
 

 
(1) 
Amounts are net of tax.
(2) 
Income tax effects of the Tax Act were reclassified from accumulated other comprehensive loss to retained earnings due to the adoption of ASU 2018-02. See Note 2 for more information.

 
Pension and
Postretirement
 
Currency
Translation
 
Net
Unrealized
Gain (Loss)
on Derivative
Instruments
 
Total
Attributable
to
Hillenbrand,
Inc.
 
Noncontrolling
Interests
 
Total
Balance at September 30, 2018
$
(41.0
)
 
$
(44.1
)
 
$
0.9

 
$
(84.2
)
 
 

 
 

Other comprehensive (loss) income before reclassifications:
 

 
 

 
 

 
 

 
 

 
 

Before tax amount

 
(9.7
)
 
(11.0
)
 
(20.7
)
 
$
0.2

 
$
(20.5
)
Tax benefit

 

 
2.6

 
2.6

 

 
2.6

After tax amount

 
(9.7
)
 
(8.4
)
 
(18.1
)
 
0.2

 
(17.9
)
Amounts reclassified from accumulated other comprehensive loss(1)
0.5

 

 

 
0.5

 

 
0.5

Net current period other comprehensive income (loss)
0.5

 
(9.7
)
 
(8.4
)
 
(17.6
)
 
$
0.2

 
$
(17.4
)
Balance at March 31, 2019
$
(40.5
)
 
$
(53.8
)
 
$
(7.5
)
 
$
(101.8
)
 
 

 
 


 

(1) 
Amounts are net of tax.

Reclassifications out of accumulated other comprehensive loss include: 
 
Three Months Ended March 31, 2020
 
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
$

 
$

 
$
(0.3
)
 
$
(0.3
)
Cost of goods sold

 

 
(0.2
)
 
(0.2
)
Other (expense) income, net
1.9

 
(0.1
)
 
0.5

 
2.3

Total before tax
$
1.9

 
$
(0.1
)
 
$

 
$
1.8

Tax benefit
 
 
 
 
 
 
(0.3
)
Total reclassifications for the period, net of tax
 
 
 
 
 
 
$
1.5

 
 
 
 
 
 
 
 
 
Six Months Ended March 31, 2020
 
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
$

 
$

 
$
(0.2
)
 
$
(0.2
)
Cost of goods sold

 

 
(0.4
)
 
(0.4
)
Other (expense) income, net
3.5

 
(0.1
)
 
1.0

 
4.4

Total before tax
$
3.5

 
$
(0.1
)
 
$
0.4

 
$
3.8

Tax benefit
 
 
 
 
 
 
(0.8
)
Total reclassifications for the period, net of tax
 
 
 
 
 
 
$
3.0

 
(1) 
These accumulated other comprehensive loss components are included in the computation of net periodic pension cost (see Note 9).

 
Three Months Ended March 31, 2019
 
Amortization of Pension and
Postretirement (1)
 
Loss (Gain) on
 
 
 
Net Loss
Recognized
 
Prior Service Costs
Recognized
 
Derivative
Instruments
 
Total
Affected Line in the Consolidated Statement of Operations:
 

 
 

 
 

 
 

Net revenue
$

 
$

 
$
0.1

 
$
0.1

Cost of goods sold

 

 
(0.1
)
 
(0.1
)
Other (expense) income, net
0.4

 

 

 
0.4

Total before tax
$
0.4

 
$

 
$

 
$
0.4

Tax benefit
 

 
 

 
 

 
(0.1
)
Total reclassifications for the period, net of tax
 

 
 

 
 

 
$
0.3

 
 
 
 
 
 
 
 
 
Six Months Ended March 31, 2019
 
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
$

 
$

 
$
0.2

 
$
0.2

Cost of goods sold

 

 
(0.2
)
 
(0.2
)
Other (expense) income, net
0.7

 

 

 
0.7

Total before tax
$
0.7

 
$

 
$

 
$
0.7

Tax benefit
 
 
 
 
 
 
(0.2
)
Total reclassifications for the period, net of tax
 
 
 
 
 
 
$
0.5