Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.22.2.2
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Sep. 30, 2022
Accounting Policies [Abstract]  
Schedule of inventories
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               September 30,
  2022 2021
Raw materials and components $ 216.8  $ 153.1 
Work in process 116.7  104.0 
Finished goods 200.3  154.5 
Total inventories $ 533.8  $ 411.6 
Schedule of carrying value of property, plant and equipment
  September 30, 2022 September 30, 2021
  Cost Accumulated
Depreciation
Cost Accumulated
Depreciation
Land and land improvements $ 26.7  $ (4.3) $ 26.2  $ (3.8)
Buildings and building equipment 165.8  (84.8) 164.7  (79.1)
Machinery and equipment 500.9  (323.3) 485.8  (298.7)
Total $ 693.4  $ (412.4) $ 676.7  $ (381.6)
Schedule of intangible assets and related amortization
The impairment charges to goodwill and the intangible assets were nondeductible for tax purposes. The following table summarizes the impairment charges during the second quarter of 2020 by reportable operating segment recorded by the Company during the year ended September 30, 2020:
Advanced Process Solutions
Molding Technology Solutions Total
Goodwill $ 72.3  $ —  $ 72.3 
Trade names 0.7  7.9  8.6 
Technology, including patents —  1.6  1.6 
Total $ 73.0  $ 9.5  $ 82.5 
  September 30, 2022 September 30, 2021
  Cost Accumulated
Amortization
Cost Accumulated
Amortization
Finite-lived assets:        
Customer relationships 740.6  (222.0) 798.8  (195.4)
Technology, including patents 132.9  (68.4) 137.6  (62.7)
Software 72.2  (62.1) 68.3  (59.4)
  945.7  (352.5) 1,004.7  (317.5)
Indefinite-lived assets:        
Trade names 217.5  —  226.6  — 
Total $ 1,163.2  $ (352.5) $ 1,231.3  $ (317.5)
Changes in the carrying amount of goodwill
The following table summarizes the changes in the Company’s goodwill, by reportable operating segment, for the years ended September 30, 2022 and 2021:
 
Advanced Process Solutions
Molding Technology Solutions Batesville Total
Balance September 30, 2020 $ 485.1  $ 644.4  $ 8.3  $ 1,137.8 
Acquisitions (1)
—  19.6  —  19.6 
Foreign currency adjustments (0.2) 11.4  —  11.2 
Balance September 30, 2021 484.9  675.4  8.3  1,168.6 
Acquisitions (2)
74.9  —  —  74.9 
Foreign currency adjustments (43.8) (40.3) —  (84.1)
Balance September 30, 2022 $ 516.0  $ 635.1  $ 8.3  $ 1,159.4 
(1)Final measurement period adjustments related to acquisition of Milacron Holdings Corp (“Milacron”) in fiscal 2020.
(2)See Note 4 for further information on the acquisitions of Gabler Engineering GmbH and affiliate (“Gabler”) and Herbold Meckesheim GmbH (“Herbold”) .
Schedule of changes in accumulated other comprehensive income (loss) by component
  September 30,
  2022 2021
Currency translation $ (113.7) $ 13.1 
Pension and postretirement (net of taxes of $11.9 and $17.8)
(32.8) (49.2)
Unrealized loss on derivative instruments (net of taxes of $1.2 and $0.7)
(9.1) (10.2)
Accumulated other comprehensive loss $ (155.6) $ (46.3)