Quarterly report pursuant to Section 13 or 15(d)

Divestitures (Tables)

v3.23.1
Divestitures (Tables)
 6 Months Ended
Mar. 31, 2023
Discontinued Operations and Disposal Groups [Abstract]  
Disposal Groups, Including Discontinued Operations
Components of amounts reflected in the Consolidated Statements of Operations related to discontinued operations are presented in the table, as follows:
Three Months Ended March 31, Six Months Ended March 31,
2023 2022 2023 2022
Net revenue $ 57.7  $ 176.3  $ 213.7  $ 338.8 
Cost of goods sold 38.5 121.7 142.2 228.7
Gross profit 19.2 54.6 71.5 110.1
Operating expenses 23.4 18.3 43.0 34.4
Other (income) expense, net (0.3) 1.6 1.0 3.1
(Loss) income from discontinued operations before income taxes (3.9) 34.7 27.5 72.6
Income tax (benefit) expense (2.4) 8.3 8.0 18.3
(Loss) income from discontinued operations (net of income tax (benefit) expense) (1.5) 26.4  19.5  54.3 
Gain on divestiture of discontinued operations (net of $145.1 income tax expense) 440.9  —  440.9  — 
Total income from discontinued operations $ 439.4  $ 26.4  $ 460.4  $ 54.3 
The following is a summary of the major categories of assets and liabilities held for sale at September 30, 2022:
Cash and cash equivalents $ 1.9 
Trade receivables, net 59.5 
Inventories, net 48.2 
Other assets 6.5 
Current assets held for sale $ 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 $ 62.0 
Accrued compensation 13.6 
Operating lease liabilities 13.0 
Other liabilities 25.2 
Current liabilities held for sale $ 113.8 
Operating lease liabilities $ 22.1 
Other liabilities 3.7 
Long-term liabilities held for sale $ 25.8