Quarterly report pursuant to Section 13 or 15(d)

Divestitures (Tables)

v3.22.4
Divestitures (Tables)
 3 Months Ended
Dec. 31, 2022
Discontinued Operations and Disposal Groups [Abstract]  
Disposal Groups, Including Discontinued Operations The following is a summary of the major categories of assets and liabilities held for sale at:
December 31, 2022 September 30, 2022
Cash and cash equivalents $ 0.9  $ 1.9 
Trade receivables, net 67.9  59.5 
Inventories, net 49.6  48.2 
Property, plant and equipment, net 51.3  — 
Operating lease right-of-use assets, net 39.7  — 
Intangible assets, net 2.7  — 
Goodwill 8.3  — 
Other assets 17.6  6.5 
Current assets held for sale $ 238.0  $ 116.1 
Property, plant and equipment, net $ —  49.1 
Operating lease right-of-use assets, net —  35.6 
Intangible assets, net —  2.7 
Goodwill —  8.3 
Long-term assets —  9.6 
Long-term assets held for sale $ —  $ 105.3 
Trade accounts payable $ 58.6  $ 62.0 
Accrued compensation 5.9  13.6 
Operating lease liabilities 39.0  13.0 
Other liabilities 27.1  25.2 
Current liabilities held for sale $ 130.6  $ 113.8 
Operating lease liabilities $ —  22.1 
Other liabilities —  3.7 
Long-term liabilities held for sale $ —  $ 25.8 
Components of amounts reflected in the Consolidated Statements of Operations related to discontinued operations are presented in the table, as follows:
Three Months Ended December 31,
2022 2021
Net revenue $ 156.0  $ 162.5 
Cost of goods sold 103.7 107.0
Gross profit 52.3 55.5
Operating expenses 19.6 16.1
Other expense, net 1.3 1.5
Income from discontinued operations before income taxes 31.4 37.9
Income tax expense 10.4 10.0
Income from discontinued operations (net of income tax expense) $ 21.0  $ 27.9