Quarterly report pursuant to Section 13 or 15(d)

Other Comprehensive Income (Loss)

v3.20.2
Other Comprehensive Income (Loss)
 9 Months Ended
Jun. 30, 2020
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Schedule of reclassifications of AOCI Other Comprehensive Loss
The following tables summarize the changes in the accumulated balances for each component of accumulated other comprehensive loss:
  Pension and
Postretirement		 Currency
Translation		 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 before reclassifications:            
Before tax amount —    (0.3)   (1.6)   (1.9)   $ (0.7)   $ (2.6)  
Tax benefit —    —    0.3    0.3    —    0.3   
After tax amount —    (0.3)   (1.3)   (1.6)   (0.7)   (2.3)  
Amounts reclassified from accumulated other comprehensive loss (1)
3.8    —    1.8    5.6    —    5.6   
Net current period other comprehensive income (loss) 3.8    (0.3)   0.5    4.0    $ (0.7)   $ 3.3   
Reclassification of certain income tax effects (2)

(6.0)   —    —    (6.0)  
Balance at June 30, 2020 $ (64.5)   $ (65.0)   $ (13.1)   $ (142.6)      
(1)Amounts are net of tax.
(2)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. See Note 2 for more information.
  Pension and
Postretirement		 Currency
Translation		 Net
Unrealized
Gain (Loss)
on Derivative
Instruments		 Total
Attributable
to
Hillenbrand,
Inc.		 Noncontrolling
Interests		 Total
Balance at September 30, 2018 $ (41.0)   $ (44.1)   $ 0.9    $ (84.2)      
Other comprehensive income (loss) before reclassifications:            
Before tax amount 1.5    (3.6)   (16.2)   (18.3)   $ 0.2    $ (18.1)  
Tax (expense) benefit (0.4)   —    3.8    3.4    —    3.4   
After tax amount 1.1    (3.6)   (12.4)   (14.9)   0.2    (14.7)  
Amounts reclassified from accumulated other comprehensive loss (1)
0.9    —    (0.3)   0.6    —    0.6   
Net current period other comprehensive income (loss) 2.0    (3.6)   (12.7)   (14.3)   $ 0.2    $ (14.1)  
Balance at June 30, 2019 $ (39.0)   $ (47.7)   $ (11.8)   $ (98.5)      
(1)Amounts are net of tax.

Reclassifications out of accumulated other comprehensive loss include: 
  Three Months Ended June 30, 2020
 
Amortization of Pension and
Postretirement (1)
(Gain) Loss on  
  Net Loss
Recognized		 Prior Service Costs
Recognized		 Derivative
Instruments		 Total
Affected Line in the Consolidated Statement of Operations:        
Net revenue $ —    $ —    $ —    $ —   
Cost of goods sold —    —    0.9    0.9   
Other income (expense), net 1.7    —    0.5    2.2   
Total before tax $ 1.7    $ —    $ 1.4    $ 3.1   
Tax benefit (0.5)  
Total reclassifications for the period, net of tax $ 2.6   
  Nine Months Ended June 30, 2020
 
Amortization of Pension and
Postretirement (1)
(Gain) Loss on  
  Net Loss
Recognized		 Prior Service Costs
Recognized		 Derivative
Instruments		 Total
Affected Line in the Consolidated Statement of Operations:        
Net revenue $ —    $ —    $ (0.2)   $ (0.2)  
Cost of goods sold —    —    0.5    0.5   
Other income (expense), net 5.2    (0.1)   1.5    6.6   
Total before tax $ 5.2    $ (0.1)   $ 1.8    $ 6.9   
Tax benefit (1.3)  
Total reclassifications for the period, net of tax $ 5.6   
(1)These accumulated other comprehensive loss components are included in the computation of net periodic pension cost (see Note 9).
  Three Months Ended June 30, 2019
 
Amortization of Pension and
Postretirement (1)
Gain (Loss) on  
  Net Loss
Recognized		 Prior Service Costs
Recognized		 Derivative
Instruments		 Total
Affected Line in the Consolidated Statement of Operations:        
Net revenue $ —    $ —    $ (0.1)   $ (0.1)  
Cost of goods sold —    —    (0.4)   (0.4)  
Other income (expense), net 0.6    —    —    0.6   
Total before tax $ 0.6    $ —    $ (0.5)   $ 0.1   
Tax benefit       —   
Total reclassifications for the period, net of tax       $ 0.1   
  Nine Months Ended June 30, 2019
 
Amortization of Pension and
Postretirement (1)
Loss (Gain) on  
  Net Loss
Recognized		 Prior Service Costs
Recognized		 Derivative
Instruments		 Total
Affected Line in the Consolidated Statement of Operations:        
Net revenue $ —    $ —    $ 0.1    $ 0.1   
Cost of goods sold —    —    (0.6)   (0.6)  
Other income (expense), net 1.3    —    —    1.3   
Total before tax $ 1.3    $ —    $ (0.5)   $ 0.8   
Tax benefit (0.2)  
Total reclassifications for the period, net of tax $ 0.6