Quarterly report pursuant to Section 13 or 15(d)

Accumulated Other Comprehensive Loss

v3.22.2
Accumulated Other Comprehensive Loss
9 Months Ended
Jun. 30, 2022
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Accumulated Other Comprehensive Loss 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 (1)
Net
Unrealized
(Loss) Gain
on Derivative
Instruments
Total
Attributable
to
Hillenbrand,
Inc.
Noncontrolling
Interests
Total
Balance at September 30, 2021 $ (49.2) $ 13.1  $ (10.2) $ (46.3)    
Other comprehensive income (loss) before reclassifications:            
Before tax amount 1.8  (60.0) 1.0  (57.2) $ (1.6) $ (58.8)
Tax expense (0.2) —  (0.1) (0.3) —  (0.3)
After tax amount 1.6  (60.0) 0.9  (57.5) (1.6) (59.1)
Amounts reclassified from accumulated other comprehensive loss (2)
1.5  —  1.1  2.6  —  2.6 
Net current period other comprehensive income (loss) 3.1  (60.0) 2.0  (54.9) $ (1.6) $ (56.5)
Balance at June 30, 2022 $ (46.1) $ (46.9) $ (8.2) $ (101.2)    
(1)Includes gains and losses on intra-entity foreign currency transactions that are of a long-term investment nature.
(2)Amounts are net of tax.

  Pension and
Postretirement
Currency
Translation (1)
Net
Unrealized
(Loss) Gain
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 before reclassifications:            
Before tax amount —  43.4  0.4  43.8  $ (0.1) $ 43.7 
Tax expense —  —  (0.1) (0.1) —  (0.1)
After tax amount —  43.4  0.3  43.7  (0.1) 43.6 
Amounts reclassified from accumulated other comprehensive loss (2)
2.7  —  1.2  3.9  —  3.9 
Net current period other comprehensive income 2.7  43.4  1.5  47.6  $ (0.1) $ 47.5 
Balance at June 30, 2021 $ (66.9) $ 22.3  $ (10.6) $ (55.2)    
(1)Includes gains and losses on intra-entity foreign currency transactions that are of a long-term investment nature.
(2)Amounts are net of tax.

Reclassifications out of accumulated other comprehensive loss include: 
  Three Months Ended June 30, 2022
 
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 $ —  $ —  $ 0.1  $ 0.1 
Cost of goods sold —  —  (0.2) (0.2)
Other income (expense), net 0.4  —  0.4  0.8 
Total before tax $ 0.4  $ —  $ 0.3  $ 0.7 
Tax expense (0.3)
Total reclassifications for the period, net of tax $ 0.4 
  Nine Months Ended June 30, 2022
 
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 $ —  $ —  $ 0.1  $ 0.1 
Cost of goods sold —  —  (0.5) (0.5)
Other income (expense), net 2.1  —  1.4  3.5 
Total before tax $ 2.1  $ —  $ 1.0  $ 3.1 
Tax expense (0.5)
Total reclassifications for the period, net of tax $ 2.6 
(1)These accumulated other comprehensive loss components are included in the computation of net periodic pension (benefit) cost (see Note 9).
  Three Months Ended June 30, 2021
 
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:        
Cost of goods sold $ —  $ —  $ (0.3) $ (0.3)
Other income (expense), net 1.3  —  0.5  1.8 
Total before tax $ 1.3  $ —  $ 0.2  $ 1.5 
Tax expense (0.3)
Total reclassifications for the period, net of tax $ 1.2 
  Nine Months Ended June 30, 2021
 
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 $ —  $ —  $ 0.2  $ 0.2 
Cost of goods sold —  —  (0.6) (0.6)
Other income (expense), net 3.8  (0.1) 1.5  5.2 
Total before tax $ 3.8  $ (0.1) $ 1.1  $ 4.8 
Tax expense (0.9)
Total reclassifications for the period, net of tax $ 3.9 
(1)These accumulated other comprehensive loss components are included in the computation of net periodic pension (benefit) cost (see Note 9).