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Consolidated Statements of Cash Flow (USD $)
In Millions, unless otherwise specified |
6 Months Ended | |
|---|---|---|
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Mar. 31, 2015
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Mar. 31, 2014
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| Operating Activities | ||
| Consolidated net income | $ 60.9us-gaap_ProfitLoss | $ 54.9us-gaap_ProfitLoss |
| Adjustments to reconcile net income to cash provided by operating activities: | ||
| Depreciation and amortization | 28.4us-gaap_DepreciationDepletionAndAmortization | 29.0us-gaap_DepreciationDepletionAndAmortization |
| Deferred income taxes | 4.2us-gaap_IncreaseDecreaseInDeferredIncomeTaxes | 3.4us-gaap_IncreaseDecreaseInDeferredIncomeTaxes |
| Share-based compensation | 6.3us-gaap_ShareBasedCompensation | 5.1us-gaap_ShareBasedCompensation |
| Net (gain) loss on investments | 1.4us-gaap_GainLossOnInvestments | (7.9)us-gaap_GainLossOnInvestments |
| Trade accounts receivable and receivables on long-term manufacturing contracts | 5.6us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables | 36.2us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables |
| Inventories | (16.8)us-gaap_IncreaseDecreaseInInventories | (4.3)us-gaap_IncreaseDecreaseInInventories |
| Other current assets | 1.2us-gaap_IncreaseDecreaseInOtherOperatingAssets | (11.7)us-gaap_IncreaseDecreaseInOtherOperatingAssets |
| Trade accounts payable | (60.7)us-gaap_IncreaseDecreaseInAccountsPayableTrade | (8.3)us-gaap_IncreaseDecreaseInAccountsPayableTrade |
| Accrued expenses and other current liabilities | (19.2)us-gaap_IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities | 1.4us-gaap_IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities |
| Income taxes payable | 3.6us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable | (14.6)us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable |
| Defined benefit plan and postretirement funding | (5.2)us-gaap_PensionAndOtherPostretirementBenefitContributions | (8.3)us-gaap_PensionAndOtherPostretirementBenefitContributions |
| Defined benefit plan and postretirement expense | 7.3us-gaap_PensionAndOtherPostretirementBenefitExpense | 7.2us-gaap_PensionAndOtherPostretirementBenefitExpense |
| Other, net | (6.8)us-gaap_OtherOperatingActivitiesCashFlowStatement | 0.1us-gaap_OtherOperatingActivitiesCashFlowStatement |
| Net cash provided by operating activities | 10.2us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations | 82.2us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations |
| Investing Activities | ||
| Capital expenditures | (11.9)us-gaap_PaymentsToAcquireProductiveAssets | (11.4)us-gaap_PaymentsToAcquireProductiveAssets |
| Proceeds from sales of property, plant, and equipment | 0.5us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment | 0.7us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment |
| Proceeds from investments | 0us-gaap_PaymentsForProceedsFromInvestments | 5.7us-gaap_PaymentsForProceedsFromInvestments |
| Other, net | (1.1)us-gaap_PaymentsForProceedsFromOtherInvestingActivities | 0.9us-gaap_PaymentsForProceedsFromOtherInvestingActivities |
| Net cash used in investing activities | (12.5)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations | (4.1)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations |
| Financing Activities | ||
| Repayments on term loan | (4.5)us-gaap_RepaymentsOfLongTermDebt | (5.0)us-gaap_RepaymentsOfLongTermDebt |
| Proceeds from revolving credit facilities | 254.4us-gaap_ProceedsFromLinesOfCredit | 182.6us-gaap_ProceedsFromLinesOfCredit |
| Repayments on revolving credit facilities | (332.0)us-gaap_RepaymentsOfLinesOfCredit | (218.6)us-gaap_RepaymentsOfLinesOfCredit |
| Proceeds from unsecured Series A Notes, net of financing costs | 99.6us-gaap_ProceedsFromUnsecuredNotesPayable | 0us-gaap_ProceedsFromUnsecuredNotesPayable |
| Proceeds from other borrowings | 0us-gaap_ProceedsFromOtherDebt | 1.0us-gaap_ProceedsFromOtherDebt |
| Payments of dividends on common stock | (25.2)us-gaap_PaymentsOfDividendsCommonStock | (24.8)us-gaap_PaymentsOfDividendsCommonStock |
| Repurchases of common stock | (9.2)us-gaap_PaymentsForRepurchaseOfCommonStock | (16.5)us-gaap_PaymentsForRepurchaseOfCommonStock |
| Net proceeds on stock plans | 3.4us-gaap_ProceedsFromRepurchaseOfEquity | 12.7us-gaap_ProceedsFromRepurchaseOfEquity |
| Other, net | 1.2us-gaap_ProceedsFromPaymentsForOtherFinancingActivities | 0.1us-gaap_ProceedsFromPaymentsForOtherFinancingActivities |
| Net cash used in financing activities | (12.3)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations | (68.5)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations |
| Effect of exchange rates on cash and cash equivalents | (0.4)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations | (1.3)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations |
| Net cash flows | (15.0)us-gaap_NetCashProvidedByUsedInContinuingOperations | 8.3us-gaap_NetCashProvidedByUsedInContinuingOperations |
| Cash and cash equivalents: | ||
| At beginning of period | 58.0us-gaap_CashAndCashEquivalentsAtCarryingValue | 42.7us-gaap_CashAndCashEquivalentsAtCarryingValue |
| At end of period | $ 43.0us-gaap_CashAndCashEquivalentsAtCarryingValue | $ 51.0us-gaap_CashAndCashEquivalentsAtCarryingValue |
| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The effect of exchange rate changes on cash balances in continuing operations held in foreign currencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This item represents the net total realized and unrealized gain (loss) included in earnings for the period as a result of selling or holding marketable securities categorized as trading, available-for-sale, or held-to-maturity, including the unrealized holding gain (loss) of held-to-maturity securities transferred to the trading security category and the cumulative unrealized gain (loss) which was included in other comprehensive income (a separate component of shareholders' equity) for available-for-sale securities transferred to trading securities during the period. Additionally, this item would include any gains (losses) realized during the period from the sale of investments accounted for under the cost method of accounting and losses recognized for other than temporary impairments (OTTI) of the subject investments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in the amount due from customers for the credit sale of goods and services; includes accounts receivable and other types of receivables. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Change in recurring obligations of a business that arise from the acquisition of merchandise, materials, supplies and services used in the production and sale of goods and services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the period in the amount due for taxes based on the reporting entity's earnings or attributable to the entity's income earning process (business presence) within a given jurisdiction. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in the account that represents the temporary difference that results from Income or Loss that is recognized for accounting purposes but not for tax purposes and vice versa. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in the aggregate value of all inventory held by the reporting entity, associated with underlying transactions that are classified as operating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in other obligations or expenses incurred but not yet paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in other assets used in operating activities not separately disclosed in the statement of cash flows. May include changes in other current assets, other noncurrent assets, or a combination of other current and noncurrent assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) in cash associated with the entity's continuing operating, investing, and financing activities. While for technical reasons this element has no balance attribute, the default assumption is a debit balance consistent with its label. No definition available.
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| X | ||||||||||
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- Definition
Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
Other cash or noncash adjustments to reconcile net income to cash provided by (used in) operating activities that are not separately disclosed in the statement of cash flows (for example, cash received or cash paid during the current period for miscellaneous operating activities, net change during the reporting period in other assets or other liabilities). No definition available.
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| X | ||||||||||
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- Definition
The net cash paid (received) associated with the acquisition or disposal of all investments, including securities and other assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The net cash outflow or inflow from other investing activities. This element is used when there is not a more specific and appropriate element in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash outflow to reacquire common stock during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of cash outflow in the form of ordinary dividends to common shareholders of the parent entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash outflow for purchases of and capital improvements on property, plant and equipment (capital expenditures), software, and other intangible assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of cash or cash equivalents contributed during the reporting period by the entity to fund its pension plans and its non-pension postretirement benefit plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of pension and other (such as medical, dental and life insurance) postretirement benefit costs recognized during the period for (1) defined benefit plans (periodic benefit costs include the following components: service cost, interest cost, expected return on plan assets, gain (loss) on assets, prior service cost or credit, transition asset or obligation, and gain (loss) due to settlements or curtailments) and for (2) defined contribution plans (to the extent that a plan's defined contributions to an individual's account are to be made for periods in which that individual renders services, the net cost for a period is the contribution called for in that period; if a plan calls for contributions for periods after an individual retires or terminates, the estimated cost is accrued during the employee's service period). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow from contractual arrangement with the lender, including but not limited to, letter of credit, standby letter of credit and revolving credit arrangements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow from other borrowing not otherwise defined in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The net cash inflow or outflow from other financing activities. This element is used when there is not a more specific and appropriate element in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The net cash inflow or outflow resulting from the entity's share transaction. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash inflow from the sale of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash inflow from borrowings supported by a written promise to pay an obligation that is uncollateralized (where debt is not backed by the pledge of collateral). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of cash outflow for payment of an obligation from a lender, including but not limited to, letter of credit, standby letter of credit and revolving credit arrangements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash outflow for debt initially having maturity due after one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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