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Condensed Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating Activities    
Net Income $ 240,800,000 $ 317,900,000
Adjustments to net income to derive net cash provided by operating activities:    
Depreciation and amortization 24,200,000 29,400,000
Amortization of debt issuance costs 1,900,000 0
Impairment of property, plant and equipment 0 13,800,000
Share-based compensation 14,300,000 9,600,000
Pension expense 6,400,000 7,000,000.0
Deferred income taxes 400,000 0
Change in operating assets and liabilities:    
Trade receivables, net 123,600,000 (1,600,000)
Inventories (23,600,000) (16,700,000)
Due from Becton, Dickinson and Company (99,600,000) 0
Prepaid expenses and other (25,800,000) (4,000,000.0)
Accounts payable 41,400,000 (8,300,000)
Accrued expenses 25,900,000 19,100,000
Income and other net taxes payable 10,800,000 0
Other current liabilities 5,800,000 4,400,000
Other, net 7,700,000 200,000
Net Cash Provided by Operating Activities 354,200,000 370,800,000
Investing Activities    
Capital expenditures (15,000,000.0) (24,000,000.0)
Acquisition of intangible assets (400,000) (1,900,000)
Net Cash Used for Investing Activities (15,400,000) (25,900,000)
Financing Activities    
Proceeds from the issuance of long-term debt 1,450,000,000 0
Payments on long-term debt (2,400,000) 0
Payment of long-term debt issuance costs (33,300,000) 0
Payment of revolving credit facility fees (5,600,000) 0
Payments on finance lease (900,000) 0
Net consideration paid to Becton, Dickinson and Company in connection with the Separation (1,266,000,000) 0
Net transfers to Becton, Dickinson and Company (182,700,000) (344,900,000)
Net Cash Used for Financing Activities (40,900,000) (344,900,000)
Effect of exchange rate changes on cash and cash equivalents (5,600,000) 0
Net Change in Cash and cash equivalents 292,300,000 0
Opening Cash and cash equivalents 0 0
Closing Cash and cash equivalents $ 292,300,000 $ 0