Quarterly report pursuant to Section 13 or 15(d)

Revenue Recognition

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Revenue Recognition
 3 Months Ended
Dec. 31, 2022
Revenue from Contract with Customer [Abstract]  
Revenue Recognition Revenue Recognition
Net revenue includes gross revenue less sales discounts and sales incentives, all of which require the Company to make estimates for the portion of these allowances that have yet to be credited or paid to customers. The Company estimates these allowances using the expected value method, which is based upon historical rates.

Contract balances

The balance in receivables from long-term manufacturing contracts at December 31, 2022 and September 30, 2022, was $270.3 and $213.3, respectively. The change was driven by the impact of net revenue recognized prior to billings. The balance in the liabilities from long-term manufacturing contracts and advances at December 31, 2022 and September 30, 2022, was $392.3 and $290.3, respectively, and consists primarily of cash payments received or due in advance of satisfying performance obligations. The net revenue recognized for the three months ended December 31, 2022 and 2021, related to liabilities from long-term manufacturing contracts and advances as of September 30, 2022 and 2021, was $91.4 and $98.7, respectively.
During the three months ended December 31, 2022 and 2021, the adjustments related to performance obligations satisfied in previous periods were immaterial.

Transaction price allocated to the remaining performance obligations
                                            
As of December 31, 2022, the aggregate amount of transaction price of remaining performance obligations for the Company, which corresponds to backlog as defined in Part I, Item 2 of this Quarterly Report on Form 10-Q, was $1,959.3. Approximately 79% of these performance obligations are expected to be satisfied over the next twelve months, and the remaining performance obligations, primarily within one to three years.

Disaggregation of revenue

The following tables present net revenue by end market:
Three Months Ended December 31, 2022 Three Months Ended December 31, 2021
Advanced Process Solutions Molding Technology Solutions Total Advanced Process Solutions Molding Technology Solutions Total
End market
Plastics $ 240.8  $ —  $ 240.8  $ 235.0  $ —  $ 235.0 
Automotive —  49.2  49.2  —  49.6  49.6 
Chemicals 24.7  —  24.7  24.2  —  24.2 
Consumer goods —  33.1  33.1  —  39.7  39.7 
Food and pharmaceuticals 103.8  —  103.8  21.8  —  21.8 
Custom molders —  26.6  26.6  —  38.3  38.3 
Packaging —  28.6  28.6  —  35.2  35.2 
Construction —  31.1  31.1  —  24.6  24.6 
Minerals 13.8  —  13.8  12.1  —  12.1 
Electronics —  15.9  15.9  —  14.3  14.3 
Medical —  16.5  16.5  —  20.0  20.0 
Other industrial 29.7  41.9  71.6  24.0  27.1  51.1 
Total $ 412.8  $ 242.9  $ 655.7  $ 317.1  $ 248.8  $ 565.9 

The following tables present net revenue by geography:
Three Months Ended December 31, 2022 Three Months Ended December 31, 2021
Advanced Process Solutions Molding Technology Solutions Total Advanced Process Solutions Molding Technology Solutions Total
Geography
Americas $ 138.5  $ 136.2  $ 274.7  $ 63.6  $ 129.1  $ 192.7 
Asia 148.7  68.2  216.9  168.6  81.6  250.2 
Europe, the Middle East, and Africa 125.6  38.5  164.1  84.9  38.1  123.0 
Total $ 412.8  $ 242.9  $ 655.7  $ 317.1  $ 248.8  $ 565.9 
The following tables present net revenue by products and services:
Three Months Ended December 31, 2022 Three Months Ended December 31, 2021
Advanced Process Solutions Molding Technology Solutions Total Advanced Process Solutions Molding Technology Solutions Total
Products and services
Equipment $ 305.3  $ 162.1  $ 467.4  $ 231.5  $ 171.8  $ 403.3 
Parts and services 107.5  64.6  172.1  85.6  60.3  145.9 
Other —  16.2  16.2  —  16.7  16.7 
    Total $ 412.8  $ 242.9  $ 655.7  $ 317.1  $ 248.8  $ 565.9 

The following tables present net revenue by timing of transfer:
Three Months Ended December 31, 2022 Three Months Ended December 31, 2021
Advanced Process Solutions Molding Technology Solutions Total Advanced Process Solutions Molding Technology Solutions Total
Timing of transfer
Point in time $ 220.2  $ 230.0  $ 450.2  $ 135.0  $ 246.1  $ 381.1 
Over time 192.6  12.9  205.5  182.1  2.7  184.8 
    Total $ 412.8  $ 242.9  $ 655.7  $ 317.1  $ 248.8  $ 565.9