Divestment (Tables)

12 Months Ended

Sep. 30, 2019

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Assets and Liabilities and Statement of Earnings of Divested Business

The following table summarizes the assets and liabilities of the Divestment Business classified as held for sale as of September 30, 2019. As the Company did not own the business as of September 30, 2018, there are no Divestment Business assets or liabilities as of that period:

	September 30, 2019
Assets
Trade receivables	$	50.9
Inventories	59.8
Other current assets	41.5
Property, plant and equipment, net	78.8
Goodwill	50.5
Other intangible assets, net	489.0
Other assets	21.2
Assets held for sale	$	791.7
Liabilities
Current portion of capital leases	$	5.3
Accounts payable	45.9
Notes payable	0.6
Other current liabilities	99.8
Long-term debt	23.5
Deferred tax liability	169.9
Other liabilities (1)	57.9
Liabilities held for sale	$	402.9

(1) Included in other liabilities is a pension liability of $42.4 related to the Divestment Business.

As the Company acquired the business on January 2, 2019, there is no activity on the Consolidated Statement of Earnings and Comprehensive Income for the twelve months ended September 30, 2018 or 2017:

	For the Year Ended
	September 30, 2019
Net sales	$	235.1
Cost of products sold	180.4
Gross profit	54.7
Selling, general and administrative expense	56.8
Advertising and sales promotion expense	0.8
Research and development expense	0.8
Interest expense	15.8
Other items, net	(9.9		)
Loss before income taxes from discontinued operations	(9.6		)
Income tax provision	4.0
Net loss from discontinued operations	$	(13.6	)