Leases

9 Months Ended

Jun. 30, 2024

Leases [Abstract]

Leases

Leases

For the three and nine months ended June 30, 2024 and 2023, the Company recognized $7.7 and $24.3, and $5.6 and $20.8 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 June 30, 2024 and September 30, 2023.

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

	June 30, 2024			September 30, 2023
Operating lease right-of-use assets, net	$	111.4		$	111.3
Other current liabilities	20.3			18.6
Operating lease liabilities	84.6			88.1
Total operating lease liabilities	$	104.9		$	106.7
Weighted-average remaining lease term (in years)	6.4			7.1
Weighted-average discount rate	4.1		%	3.8		%

As of June 30, 2024, the maturities of the Company’s operating lease liabilities were as follows:

2024 (excluding the nine months ended June 30, 2024)	$	6.4
2025	23.6
2026	19.6
2027	16.3
2028	14.1
Thereafter	38.0
Total lease payments	118.0
Less: imputed interest	(13.1)
Total present value of lease payments	$	104.9

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

	Nine Months Ended June 30,
	2024		2023
Cash paid for amounts included in the measurement of operating lease liabilities	$	19.9	$	17.9
Operating lease right-of-use assets, net obtained in exchange for new operating lease liabilities	12.8		10.4
Operating leases acquired in acquisitions	3.1		15.3