Quarterly report pursuant to Section 13 or 15(d)

Other Comprehensive Income (Loss)

v3.20.4
Other Comprehensive Income (Loss)
3 Months Ended
Dec. 31, 2020
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Schedule of reclassifications of AOCI Accumulated 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, 2020 $ (69.6) $ (21.1) $ (12.1) $ (102.8)    
Other comprehensive income (loss) before reclassifications            
Before tax amount —  59.2  1.7  60.9  $ 0.1  $ 61.0 
Tax expense —  —  (0.4) (0.4) —  (0.4)
After tax amount —  59.2  1.3  60.5  0.1  60.6 
Amounts reclassified from accumulated other comprehensive loss(1)
1.2  —  0.4  1.6  —  1.6 
Net current period other comprehensive income (loss) 1.2  59.2  1.7  62.1  0.1  $ 62.2 
Balance at December 31, 2020 $ (68.4) $ 38.1  $ (10.4) $ (40.7)    
(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, 2019 $ (62.3) $ (64.7) $ (13.6) $ (140.6)    
Other comprehensive income (loss) before reclassifications            
Before tax amount —  17.4  1.3  18.7  $ (0.1) $ 18.6 
Tax expense —  —  (0.3) (0.3) —  (0.3)
After tax amount —  17.4  1.0  18.4  (0.1) 18.3 
Amounts reclassified from accumulated other comprehensive loss(1)
1.1  —  0.4  1.5  —  1.5 
Net current period other comprehensive income (loss) 1.1  17.4  1.4  19.9  $ (0.1) $ 19.8 
Reclassification of certain income tax effects (2)
(6.0) —  —  (6.0)
Balance at December 31, 2019 $ (67.2) $ (47.3) $ (12.2) $ (126.7)    
(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.
Reclassifications out of accumulated other comprehensive loss include: 
  Three Months Ended December 31, 2020
 
Amortization of Pension and Postretirement (1)
(Gain)/Loss on  
  Net Loss
Recognized
Derivative
Instruments
Total
Affected line in the Consolidated Statement of Operations:      
Net revenue $ —  $ —  $ — 
Cost of goods sold —  —  — 
Other income, net 1.3  0.5  1.8 
Total before tax $ 1.3  $ 0.5  $ 1.8 
Tax expense (0.2)
Total reclassifications for the period, net of tax $ 1.6 
(1)These accumulated other comprehensive loss components are included in the computation of net periodic pension (benefit) cost (see Note 9).
  Three Months Ended December 31, 2019
 
Amortization of Pension and Postretirement (1)
(Gain)/Loss on  
  Net Loss
Recognized
Derivative
Instruments
Total
Affected line in the Consolidated Statement of Operations:      
Net revenue $ —  $ 0.1  $ 0.1 
Cost of goods sold —  (0.2) (0.2)
Other income, net 1.6  0.5  2.1 
Total before tax $ 1.6  $ 0.4  $ 2.0 
Tax expense     (0.5)
Total reclassifications for the period, net of tax     $ 1.5