Segment Information

6 Months Ended

Mar. 31, 2012

Segment Information [Abstract]

Segment Information

NOTE 18—SEGMENT INFORMATION

Management evaluates each segment's performance based on its segment operating profit, which is its operating profit before impairments of intangible assets, costs related to plant closures, and other unallocated corporate income and expenses. Effective in the second fiscal quarter of fiscal 2012, the segment previously referred to as Other Cereal Products, which includes private-brand and value-brand ready-to-eat cereals and the Bloomfield Bakers products (which includes nutritional bars and natural and organic specialty cookies, crackers and cereals), has been renamed Cereal Products. The following tables present information about the Company's operating segments, which are also its reportable segments, including corresponding amounts for the prior year.

	Three Months Ended March 31,						Six Months Ended March 31,
	2012			2011			2012			2011
Net Sales
Cereal Products	$	219.9		$	198.9		$	446.1		$	403.6
Snacks, Sauces & Spreads		407.7			382.2			881.3			799.6
Frozen Bakery Products		275.3			192.7			583.3			386.4
Pasta		159.3			143.5			318.0			279.4
Total	$	1,062.2		$	917.3		$	2,228.7		$	1,869.0
Segment Operating Profit
Cereal Products	$	20.3		$	22.5		$	49.1		$	45.0
Snacks, Sauces & Spreads		32.8			33.3			73.9			70.7
Frozen Bakery Products		26.7			22.9			60.7			45.9
Pasta		25.5			36.6			52.2			64.8
Total segment operating profit		105.3			115.3			235.9			226.4
Interest expense, net		(32.0	)		(33.8	)		(66.4	)		(69.5	)
Adjustments for economic hedges		(2.8	)		4.9			(8.0	)		8.8
Merger and integration costs		(1.8	)		(.1	)		(7.4	)		(.3	)
Accelerated amortization of intangible assets		(1.2	)		(1.2	)		(2.5	)		(2.5	)
Provision for legal settlement		(4.4	)		—			(4.4	)		(2.5	)
Amounts related to plant closures		(6.7	)		(.2	)		(6.8	)		(.4	)
Stock-based compensation expense		(5.5	)		(3.4	)		(8.2	)		(6.7	)
Systems upgrade and conversion costs		(1.6	)		(1.5	)		(3.2	)		(3.9	)
Other unallocated corporate expenses		(10.9	)		(10.3	)		(22.0	)		(21.5	)
Earnings from Continuing Operations before Income Taxes	$	38.4		$	69.7		$	107.0		$	127.9
Depreciation and Amortization
Cereal Products	$	5.0		$	5.4		$	10.3		$	10.9
Snacks, Sauces & Spreads		10.8			10.2			21.4			20.5
Frozen Bakery Products		17.3			9.7			34.2			19.7
Pasta		13.0			13.1			25.7			26.3
Corporate		2.7			3.3			6.6			6.5
Total	$	48.8		$	41.7		$	98.2		$	83.9

	Mar. 31, 2012		Sept. 30, 2011
			(Restated)
Assets
Cereal Products	$	261.4	$	263.4
Snacks, Sauces & Spreads		807.5		799.0
Frozen Bakery Products		1,266.1		712.9
Pasta		1,464.5		1,463.0
Total segment assets		3,799.5		3,238.3
Cash and cash equivalents		131.4		50.0
Assets of discontinued operations		—		2,672.0
Investment in Post Holdings, Inc.		223.1		—
Other unallocated corporate assets		298.7		318.9
Total	$	4,452.7	$	6,279.2