Annual report pursuant to Section 13 and 15(d)

Income Taxes (Details)

v2.4.0.8
Income Taxes (Details) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2012
Components of earnings before income taxes and the consolidated income tax provision:      
Domestic $ 104.7 $ 108.0 $ 116.3
Foreign 55.2 (14.3) 18.6
Income before income taxes 159.9 93.7 134.9
Current provision:      
Federal 39.0 37.0 27.1
State 6.2 5.5 4.0
Foreign 11.7 9.4 4.0
Total current provision 56.9 51.9 35.1
Deferred provision (benefit):      
Federal (6.1) (2.9) (4.1)
State 1.3 (0.5) 0.3
Foreign (3.4) (20.2) (1.2)
Total deferred provision (benefit) (8.2) (23.6) (5.0)
Income tax expense 48.7 28.3 30.1
Reconciliation of the effective income tax rate with the U.S. federal statutory income tax rate      
Federal statutory rates (as a percent) 35.00% 35.00% 35.00%
Adjustments resulting from the tax effect of:      
Permanent reinvestment of unremitted earnings (as a percent)     (8.10%)
State income taxes, net of federal benefit 3.20% 3.50% 2.60%
Foreign income tax rate differential (as a percent) (7.20%) (7.00%) (3.10%)
Domestic manufacturer's deduction (as a percent) (2.30%) (4.00%) (2.60%)
Non-deductible acquisition costs (as a percent)   1.40%  
Valuation allowance (as a percent) 0.30% 0.80%  
Other, net (as a percent) 1.50% 0.50% (1.50%)
Effective income tax rate (as a percent) 30.50% 30.20% 22.30%
Deferred tax assets:      
Employee benefit accruals 71.8 63.9  
Loss and tax credit carryforwards 39.3 39.6  
Rebates and other discounts 4.8 5.5  
Self-insurance reserves 6.3 6.4  
Casket pricing obligation 2.3 2.7  
Allowance for doubtful accounts 1.6 1.2  
Inventory 2.1 2.0  
Other, net 18.7 8.3  
Total deferred tax assets before valuation allowance 146.9 129.6  
Less valuation allowance (2.5) (2.5)  
Total deferred tax assets, net 144.4 127.1  
Deferred income tax liabilities:      
Depreciation (17.1) (20.9)  
Amortization (146.2) (152.1)  
Long-term contracts and customer prepayments (23.3) (14.6)  
Unremitted earnings of foreign operations (0.2) (0.2)  
Other, net (2.9) (3.8)  
Total deferred income tax liabilities (189.7) (191.6)  
Deferred tax assets and liabilities, net (45.3) (64.5)  
Amounts recorded in the balance sheets:      
Deferred income taxes, current 9.8 10.2  
Deferred income taxes, long-term (55.1) (74.7)  
Deferred tax assets and liabilities, net (45.3) (64.5)  
Deferred income tax assets related to U.S. federal and state tax credit carryforwards 6.2    
Deferred income tax assets related to foreign net operating loss carryforwards 33.1    
Current income tax payable 2.1 28.5  
Total permanently reinvested earnings $ 84.0 $ 41.7