Annual report pursuant to Section 13 and 15(d)

Other Comprehensive Income (Loss) (Tables)

v3.22.2.2
Other Comprehensive Income (Loss) (Tables)
12 Months Ended
Sep. 30, 2022
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Schedule of changes in accumulated other comprehensive income (loss) by component
The following table summarize the changes in the accumulated balances for each component of accumulated other comprehensive loss during the year ended September 30, 2022:
  Pension and
Postretirement
Currency
Translation (1)
Net
Unrealized
Gain (Loss) 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 18.4  (126.8) (0.6) (109.0) $ (2.2) $ (111.2)
Tax benefit (5.7) —  0.3  (5.4) (5.4)
After tax amount 12.7  (126.8) (0.3) (114.4) (2.2) (116.6)
Amounts reclassified from accumulated other comprehensive loss (2)
3.7  —  1.4  5.1  —  5.1 
Net current period other comprehensive income (loss) 16.4  (126.8) 1.1  (109.3) $ (2.2) $ (111.5)
Balance at September 30, 2022 $ (32.8) $ (113.7) $ (9.1) $ (155.6)    
(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.
The following table summarize the changes in the accumulated balances for each component of accumulated other comprehensive loss during the year ended September 30, 2021:
  Pension and
Postretirement
Currency
Translation (1)
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 22.5  42.2  0.9  65.6  $ (0.1) $ 65.5 
Tax benefit (5.6) —  (0.2) (5.8) —  (5.8)
After tax amount 16.9  42.2  0.7  59.8  (0.1) 59.7 
Amounts reclassified from accumulated other comprehensive loss (2)
3.5  (8.0) 1.2  (3.3) —  (3.3)
Net current period other comprehensive income (loss) 20.4  34.2  1.9  56.5  $ (0.1) $ 56.4 
Balance at September 30, 2021 $ (49.2) $ 13.1  $ (10.2) $ (46.3)  
(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.
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 (1)
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 expense 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 (2)
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(3)
$ (6.0) $ —  $ —  $ (6.0)
Balance at September 30, 2020 $ (69.6) $ (21.1) $ (12.1) $ (102.8)    
(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.
(3)  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.
Schedule of reclassifications out of accumulated other comprehensive income
Reclassifications out of accumulated other comprehensive loss include:
  Year Ended September 30, 2022
 
Amortization of Pension 
and Postretirement (1)
(Gain)/Loss on Derivative
Instruments
(Gain)/Loss on Divestiture Total
  Net Loss
Recognized
Prior Service Costs
Recognized
Affected Line in the Consolidated Statement of Operations:        
Net revenue $ —  $ —  $ (0.1) $ —  $ (0.1)
Cost of goods sold —  —  (0.7) —  (0.7)
Other income, net 4.0  —  1.9  —  5.9 
Total before tax $ 4.0  $ —  $ 1.1  $ —  5.1 
Tax benefit       — 
Total reclassifications for the period, net of tax       $ 5.1 
(1)These accumulated other comprehensive loss components are included in the computation of net pension cost (see Note 7).
Reclassifications out of accumulated other comprehensive loss include:

  Year Ended September 30, 2021
 
Amortization of Pension 
and Postretirement (1)
(Gain)/Loss on Derivative
Instruments
(Gain)/Loss on Divestiture Total
  Net Loss
Recognized
Prior Service Costs
Recognized
Affected Line in the Consolidated Statement of Operations:        
Net revenue $ —  $ —  $ 0.1  $ —  $ 0.1 
Cost of goods sold —  —  (1.0) —  $ (1.0)
Other income (expense), net 4.2  (0.1) 1.9  (8.0) $ (2.0)
Total before tax $ 4.2  $ (0.1) $ 1.0  $ (8.0) $ (2.9)
Tax benefit       (0.4)
Total reclassifications for the period, net of tax       $ (3.3)
 
(1)These accumulated other comprehensive loss components are included in the computation of net pension cost (see Note 7).
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, 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).