Leases (Tables)

12 Months Ended

Sep. 30, 2024

Leases [Abstract]

Schedule of Supplemental Consolidated Balance Sheet Related to Operating Leases

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

	September 30,
	2024			2023
Operating lease right-of-use assets, net	$	168.7		$	111.3
Other current liabilities	22.0			18.6
Operating lease liabilities	141.1			88.1
Total operating lease liabilities	$	163.1		$	106.7
Weighted-average remaining lease term (in years)	10.3			7.1
Weighted-average discount rate	6.3		%	3.8		%

Operating Lease Maturity

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

2025	$	30.2
2026	26.6
2027	23.4
2028	21.1
2029	19.5
Thereafter	117.4
Total lease payments	238.2
Less: imputed interest	(75.1)
Total present value of lease payments	$	163.1

Schedule of Supplemental Cash Flow Related to Leases

Supplemental Consolidated Statement of Cash Flow information is as follows:

	Year Ended September 30,
	2024		2023
Cash paid for amounts included in the measurement of operating lease liabilities	$	26.9	$	24.3
Operating lease right-of-use assets obtained in exchange for new operating lease liabilities	66.5		12.2
Operating leases acquired in business combinations	3.1		31.4

The Company entered into a sale-leaseback transaction during the year ended September 30, 2024 for two of its industrial properties. The lease has an initial term of 20 years with four additional renewal terms of five years each at the option of the Company. In the Company’s lease classification assessment, only the initial term was used as it was not determined to be reasonably probable that the Company would exercise the extensions as of September 30, 2024. The Company received net proceeds of $53.7 and recognized a gain of $33.7, which is included in gain on sale of property, plant, and equipment in the Consolidated Statement of Operations for the year ended September 30, 2024.