Discontinued Operations (Tables)

6 Months Ended

Mar. 31, 2012

Discontinued Operations [Abstract]

Results of Discontinued Operations

	Three Months Ended March 31,						Six Months Ended March 31,
	2012			2011			2012			2011
Net sales	$	86.6		$	255.3		$	301.0		$	476.9
Post separation costs		(12.3	)		—			(15.0	)		—
Operating (loss) profit		(1.1	)		60.6			31.6			113.8
(Loss) earnings before income taxes		(1.1	)		60.6			31.6			113.8
Income taxes		(5.8	)		(21.8	)		(17.4	)		(41.0	)
(Loss) earnings from discontinued operations, net of income taxes		(6.9	)		38.8			14.2			72.8

Ralcorp continues to purchase and sell certain products from or to Post. The amounts of the intercompany revenues and costs associated with such activities before the Spin-Off were as follows:

	Three Months Ended March 31,						Six Months Ended March 31,
	2012			2011			2012			2011
Intercompany net sales	$	.3		$	—		$	1.0		$	—
Intercompany costs and expenses		(1.3	)		(3.7	)		(6.1	)		(5.6	)

During the second quarter, following the Spin-Off, Ralcorp recognized billings to Post of approximately $2.2 related to the TSA, which were included in "Other operating expenses, net" in the statement of earnings. Under the TSA, Ralcorp also collects and disburses cash on Post's behalf. As of March 31, 2012, Ralcorp's accounts payable include a net amount due to Post of $7.6.

At September 30, 2011, the major components of assets and liabilities of discontinued operations were as follows:

Current Assets
Receivables, net	$	60.8
Inventories		66.6
Deferred income taxes		3.9
Prepaid expenses and other current assets		4.0
Total Current Assets		135.3
Property, Net		412.1
Goodwill (Restated)		1,375.2
Other Intangible Assets, Net		748.6
Other Assets		.8
Total Assets	$	2,672.0
Current Liabilities
Accounts payable	$	28.8
Other current liabilities		30.9
Total Current Liabilities		59.7
Deferred Income Taxes		354.6
Other Liabilities		104.9
Total Liabilities	$	519.2