Annual report pursuant to Section 13 and 15(d)

Other Comprehensive Income (Loss)

v3.20.2
Other Comprehensive Income (Loss)
 12 Months Ended
Sep. 30, 2020
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Other Comprehensive Income (Loss) Other Comprehensive (Loss) Income
The following table summarize the changes in the accumulated balances for each component of accumulated other comprehensive loss during the year ended September 30, 2020:
  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) income before reclassifications          
Before tax amount (8.5) 43.6  (1.2) 33.9  $ (0.5) $ 33.4 
Tax benefit 2.0  —  0.2  2.2  —  2.2 
After tax amount (6.5) 43.6  (1.0) 36.1  (0.5) 35.6 
Amounts reclassified from accumulated other comprehensive loss (1)
5.2  —  2.5  7.7  —  7.7 
Net current period other comprehensive (loss) income (1.3) 43.6  1.5  43.8  $ (0.5) $ 43.3 
Reclassification of certain income tax effects (2)
(6.0) —  —  (6.0)
Balance at September 30, 2020 $ (69.6) $ (21.1) $ (12.1) $ (102.8)    
(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.
 
Reclassifications out of accumulated other comprehensive loss include:
 
  Year Ended September 30, 2020
 
Amortization of Pension and 
Postretirement (1)
(Gain)/Loss on Derivative
Instruments		  
  Net Loss
Recognized		 Prior Service Costs
Recognized		 Total
Affected Line in the Consolidated Statement of Operations:        
Net revenue $ —  $ —  $ (0.2) $ (0.2)
Cost of goods sold —  —  0.8  0.8 
Other income (expense), net 7.1  —  2.0  9.1 
Total before tax $ 7.1  $ —  $ 2.6  9.7 
Tax benefit       (2.0)
Total reclassifications for the period, net of tax       $ 7.7 
(1)These accumulated other comprehensive loss components are included in the computation of net pension cost (see Note 7).
The following table summarize the changes in the accumulated balances for each component of accumulated other comprehensive loss during the year ended September 30, 2019:
  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 before reclassifications    
Before tax amount (30.7) (20.6) (20.6) (71.9) $ —  $ (71.9)
Tax benefit 8.2  —  1.6  9.8  —  9.8 
After tax amount (22.5) (20.6) (19.0) (62.1) —  (62.1)
Amounts reclassified from accumulated other comprehensive loss (1)
1.2  —  4.5  5.7  —  5.7 
Net current period other comprehensive loss (21.3) (20.6) (14.5) (56.4) $ —  $ (56.4)
Balance at September 30, 2019 $ (62.3) $ (64.7) $ (13.6) $ (140.6)  
(1)  Amounts are net of tax.
 
Reclassifications out of accumulated other comprehensive loss include:
 
  Year Ended September 30, 2019
 
Amortization of Pension and
Postretirement (1)
(Gain)/Loss on Derivative
Instruments		  
  Net Loss
Recognized		 Prior Service Costs
Recognized		 Total
Affected Line in the Consolidated Statement of Operations:        
Net revenue $ —  $ —  $ 0.2  $ 0.2 
Cost of goods sold —  —  (0.8) (0.8)
Other income (expense), net 1.7  —  6.5  8.2 
Total before tax $ 1.7  $ —  $ 5.9  7.6 
Tax benefit       (1.9)
Total reclassifications for the period, net of tax       $ 5.7 
(1)These accumulated other comprehensive loss components are included in the computation of net pension cost (see Note 7).
The following table summarize the changes in the accumulated balances for each component of accumulated other comprehensive loss during the year ended September 30, 2018:
  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 (loss) before reclassifications            
Before tax amount 1.8  (7.2) 1.8  (3.6) $ (0.7) $ (4.3)
Tax expense (0.5) —  (0.6) (1.1) —  (1.1)
After tax amount 1.3  (7.2) 1.2  (4.7) (0.7) (5.4)
Amounts reclassified from accumulated other comprehensive loss (1)
3.0  —  (1.3) 1.7  —  1.7 
Net current period other comprehensive income (loss) 4.3  (7.2) (0.1) (3.0) $ (0.7) $ (3.7)
Balance at September 30, 2018 $ (41.0) $ (44.1) $ 0.9  $ (84.2)    
(1)  Amounts are net of tax.
 
Reclassifications out of accumulated other comprehensive loss include:
 
  Year Ended September 30, 2018
 
Amortization of Pension and
Postretirement (1)
(Gain)/Loss on Derivative
Instruments		  
  Net Loss
Recognized		 Prior Service Costs
Recognized		 Total
Affected Line in the Consolidated Statement of Operations:        
Net revenue $ —  $ —  $ 0.5  $ 0.5 
Cost of goods sold —  —  (0.1) (0.1)
Other income (expense), net 3.6  0.2  (2.3) 1.5 
Total before tax $ 3.6  $ 0.2  $ (1.9) 1.9 
Tax benefit       (0.2)
Total reclassifications for the period, net of tax       $ 1.7 
(1)These accumulated other comprehensive loss components are included in the computation of net pension cost (see Note 7).