Annual report pursuant to Section 13 and 15(d)

Other Long-Term Liabilities

v2.3.0.15
Other Long-Term Liabilities
 12 Months Ended
Sep. 30, 2011
Other Long-Term Liabilities  
Other Long-Term Liabilities

8.              Other Long-Term Liabilities

 

 

 

September 30,

 

 

 

2011

 

2010

 

Casket pricing obligation

 

$

8.6

 

$

9.5

 

Self-insurance loss reserves

 

14.2

 

14.1

 

Other

 

14.7

 

17.3

 

 

 

37.5

 

40.9

 

Less-current portion

 

(6.2

)

(5.8

)

Total long-term portion

 

$

31.3

 

$

35.1

 

 

In connection with Hill-Rom’s sale of a subsidiary in 2004, we assumed a liability of $17.0 associated with a long-term pricing program for the future sale of caskets made in connection with prearranged funerals.  The program was discontinued for arrangements made after December 31, 2004.  The remaining liability under the program is being recognized as a component of revenue as the casket sales subject to the program are delivered and the obligation is satisfied.