Leases

6 Months Ended

Mar. 31, 2024

Leases [Abstract]

Leases

Leases

For the three and six months ended March 31, 2024 and 2023, the Company recognized $8.1 and $16.6, and $8.1 and $15.2 of operating lease expense, respectively, including short-term lease expense and variable lease costs, which were immaterial in all periods. The Company’s finance leases were insignificant as of March 31, 2024 and September 30, 2023.

The following table presents supplemental Consolidated Balance Sheet information related to the Company’s operating leases:

	March 31, 2024			September 30, 2023
Operating lease right-of-use assets, net	$	112.0		$	111.3
Other current liabilities	19.9			18.6
Operating lease liabilities	85.3			88.1
Total operating lease liabilities	$	105.2		$	106.7
Weighted-average remaining lease term (in years)	6.7			7.1
Weighted-average discount rate	4.0		%	3.8		%

As of March 31, 2024, the maturities of the Company’s operating lease liabilities were as follows:

2024 (excluding the six months ended March 31, 2024)	$	12.4
2025	22.1
2026	18.1
2027	15.1
2028	13.5
Thereafter	37.7
Total lease payments	118.9
Less: imputed interest	(13.7)
Total present value of lease payments	$	105.2

Supplemental Consolidated Statements of Cash Flow information related to the Company’s operating leases is as follows:

	Six Months Ended March 31,
	2024		2023
Cash paid for amounts included in the measurement of operating lease liabilities	$	13.7	$	10.8
Operating lease right-of-use assets, net obtained in exchange for new operating lease liabilities	7.2		8.1
Operating leases acquired in acquisitions	3.0		15.0