Discontinued Operations (Tables)

3 Months Ended

Dec. 31, 2020

Discontinued Operations And Disposal Groups [Abstract]

Schedule of Reconciliation of Major Line Items Constituting Pretax Income (Loss) from Discontinued Operations to Net Income (Loss) from Discontinued Operations

The following table reconciles major line items constituting pretax income (loss) from discontinued operations to net income (loss) from discontinued operations as presented in the condensed consolidated statements of operations (in millions):

	Three Months Ended December 31,
	2020			2019
Net sales	$	248.8		$	259.8
Cost of products sold		(183.8	)		(189.2	)
Selling, general and administrative		(56.9	)		(53.7	)
Depreciation and amortization		(12.9	)		(16.0	)
Other income (loss)		0.1			0.2
Loss on classification as held for sale		(355.4	)		—
Pretax income (loss) from discontinued operations		(360.1	)		1.1
Provision for (benefit from) income taxes		(92.2	)		0.5
Net income (loss) from discontinued operations	$	(267.9	)	$	0.6

Schedule of Reconciliation of Carrying Amounts of Major Classes of Assets and Liabilities of Discontinued Operations to Total Assets

The following table reconciles the carrying amounts of major classes of assets and liabilities of discontinued operations to total assets and liabilities of discontinued operations that are classified as held for sale in the condensed consolidated balance sheets (in millions):

	December 31,		September 30,		December 31,
	2020		2020		2019
Carrying amounts of major classes of assets held for sale:
Accounts receivable, net	$	130.6	$	144.1	$	144.6
Inventories, net		82.4		73.2		91.1
Prepaid expenses and other current assets		30.7		26.5		32.0
Total current assets				243.8		267.7
Property and equipment, net		35.8		35.9		42.6
Goodwill		378.9		734.3		734.3
Intangibles, net		273.1		283.2		329.6
Operating lease assets		65.5		67.1		67.2
Total non-current assets				1,120.5		1,173.7
Total assets held for sale¹	$	997.0	$	1,364.3	$	1,441.4

Carrying amounts of major classes of liabilities held for sale:
Accounts payable	$	52.6	$	68.8	$	52.4
Accrued expenses		56.3		54.1		54.8
Current operating lease liabilities		16.2		16.5		15.9
Total current liabilities				139.4		123.1
Deferred income taxes, net		—		2.2		7.4
Non-current operating lease liabilities		48.9		49.9		50.0
Other long-term liabilities		1.1		1.3		1.6
Total non-current liabilities				53.4		59.0
Total liabilities held for sale¹	$	175.1	$	192.8	$	182.1

__________________________________________________

¹	^{All assets and liabilities held for sale as of December 31, 2020 were classified as current because the sale of Interior Products was probable to be completed within one year.}