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Goodwill
 12 Months Ended
Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill GOODWILL
The changes in the carrying amount of goodwill by segment are presented in the following table.
Post Consumer BrandsWeetabixFoodserviceRefrigerated RetailTotal
Balance, September 30, 2021
Goodwill (gross)$2,067.1 $929.4 $1,355.0 $807.9 $5,159.4 
Accumulated impairment losses(609.1)— — (48.7)(657.8)
Goodwill (net)$1,458.0 $929.4 $1,355.0 $759.2 $4,501.6 
Goodwill from acquisitions (a)— 13.9 0.3 — 14.2 
Sale of business (b)— — — (4.2)(4.2)
Currency translation adjustment(0.3)(161.7)— — (162.0)
Balance, September 30, 2022
Goodwill (gross)$2,066.8 $781.6 $1,355.3 $803.7 $5,007.4 
Accumulated impairment losses(609.1)— — (48.7)(657.8)
Goodwill (net)$1,457.7 $781.6 $1,355.3 $755.0 $4,349.6 
Goodwill from acquisition194.2 — — — 194.2 
Impairment loss— — — (42.2)(42.2)
Currency translation adjustment0.1 72.7 — — 72.8 
Balance, September 30, 2023
Goodwill (gross)$2,261.1 $854.3 $1,355.3 $803.7 $5,274.4 
Accumulated impairment losses(609.1)— — (90.9)(700.0)
Goodwill (net)$1,652.0 $854.3 $1,355.3 $712.8 $4,574.4 
(a)In fiscal 2022, the Company recorded $13.9 of goodwill related to the Lacka Foods acquisition and also recorded a final measurement period adjustment of $0.3 related to the Almark acquisition. For additional information on the Company’s acquisitions, see Note 6.
(b)In December 2021, the Company completed the WEF Transaction. For additional information on the WEF Transaction, see Note 7.
During the year ended September 30, 2023, the Company recorded a goodwill impairment charge of $42.2 related to its Cheese and Dairy reporting unit within the Refrigerated Retail segment, which was recorded in “Impairment of goodwill” in the Consolidated Statements of Operations. The goodwill impairment charge was driven primarily by narrowing of the pricing gap between branded and private label competitors, resulting in distribution losses and declining profitability. See Note 14 for additional information on the significant assumptions utilized in the estimate of the fair value of the Cheese and Dairy reporting unit. The Company did not record a goodwill impairment charge during the years ended September 30, 2022 or 2021, as all reporting units subjected to the quantitative test passed during each respective year.
At September 30, 2023, the Weetabix reporting unit fair value exceeded its carrying value by approximately 6.4% and was impacted by raw material and energy cost inflation as well as U.K. economic pressures negatively impacting consumer spending trends, both of which impacted near-term profitability. The Company expects these impacts to be transitory in nature; however, inherent risk to the reporting unit’s cash flows remains. Variances between the actual performance of the reporting unit and the assumptions that were used in developing the estimate of fair value could result in impairment charges in future periods. The estimated fair values of all other reporting units exceeded their carrying values by at least 13% at September 30, 2023.
At September 30, 2022, the Cheese and Dairy reporting unit and the Refrigerated Retail reporting unit fair values exceeded their carrying values by approximately 6.5% and 8.5%, respectively, and the estimated fair values of all other reporting units exceeded their carrying values by at least 10%. At September 30, 2021, the estimated fair values of all reporting units exceeded
their carrying values by at least 11% (the lowest of which was Foodservice; all others exceeded their carrying values by at least 15%).