Property, Plant and Equipment

6 Months Ended

Mar. 31, 2013

Property, Plant and Equipment [Abstract]

Property, plant and equipment consisted of the following (in millions):



	March 31,			September 30,
	2013			2012
Land and land improvements	$	46.1		$	45.8
Buildings	237.4			236.3
Machinery and equipment	560.5			550.6
Equipment on operating lease to others	20.9			23.8
	864.9			856.5
Less accumulated depreciation	(507.7		)	(486.6		)
	$	357.2		$	369.9

Depreciation expense recorded in continuing operations was $32.0 million and $31.8 million for the six months ended March 31, 2013 and 2012, respectively. Capitalized interest was insignificant for all reported periods.

Equipment on operating lease to others represents the cost of equipment shipped to customers for whom the Company has guaranteed the residual value and equipment on short-term leases. These transactions are accounted for as operating leases with the related assets capitalized and depreciated over their estimated economic lives of five to ten years. Cost less accumulated depreciation for equipment on operating lease to others at March 31, 2013 and September 30, 2012 was $15.3 million and $9.4 million, respectively.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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