v3.24.1.u1
Discontinued Operations, Goodwill, and Intangible Assets (Tables)
6 Months Ended
Mar. 31, 2024
Discontinued Operations, Goodwill, and Intangible Assets  
Schedule of balance sheet and income statement information of discontinued operations and significant components included in consolidated statement of cash flows

The following table represents summarized balance sheet information of assets and liabilities held for sale (in millions):

​

​

​

​

​

​

​

​

​

​

March 31, 

​

September 30, 

​

    

2024

    

2023

​

​

​

​

​

​

​

Cash and cash equivalents

​

$

3.3

​

$

1.9

Receivables and contract assets

​

 

101.3

​

​

93.3

Other

​

 

0.5

​

​

—

Current assets held for sale

​

$

105.1

​

$

95.2

​

​

​

​

​

​

​

Property and equipment, net

​

$

15.8

​

$

14.2

Write-down of assets to fair value less cost to sell

​

​

(15.8)

​

​

(14.2)

Non-current assets held for sale

​

$

—

​

$

—

​

​

​

​

​

​

​

Accounts payable and accrued expenses

​

$

51.1

​

​

45.6

Current liabilities held for sale

​

$

51.1

​

$

45.6

​

​

​

​

​

​

​

Long-term liabilities held for sale

​

$

0.8

​

$

0.8

​

The following table represents summarized income statement information of discontinued operations (in millions):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three months ended

 

Six months ended

​

​

March 31, 

​

March 31, 

 

March 31, 

​

March 31, 

​

    

2024

    

2023

    

2024

    

2023

​

​

​

​

​

​

​

​

​

​

​

​

​

Revenue

​

$

46.5

​

$

58.8

​

$

101.1

​

$

100.5

Cost of revenue

​

 

45.0

​

​

62.1

​

​

97.7

​

​

102.4

Gross profit (loss)

​

 

1.5

​

​

(3.3)

​

​

3.4

​

​

(1.9)

Equity in earnings of joint ventures

​

 

(3.4)

​

​

—

​

​

(3.4)

​

​

(1.7)

Loss on disposal activities

​

​

(109.6)

​

​

(40.2)

​

​

(113.1)

​

​

(40.2)

Transaction costs

​

​

(0.2)

​

​

—

​

​

(0.2)

​

​

(0.2)

Loss from operations

​

 

(111.7)

​

​

(43.5)

​

​

(113.3)

​

​

(44.0)

Other loss

​

 

(0.5)

​

​

—

​

​

(1.1)

​

​

—

Loss before taxes

​

 

(112.2)

​

​

(43.5)

​

​

(114.4)

​

​

(44.0)

Income tax benefit

​

 

(2.8)

​

​

(1.7)

​

​

(3.7)

​

​

(1.8)

Net loss from discontinuing operations

​

$

(109.4)

​

$

(41.8)

​

$

(110.7)

​

$

(42.2)

​

The significant components included in our Consolidated Statement of Cash Flows for the discontinued operations are as follows (in millions):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three months ended

 

Six months ended

​

​

March 31, 

    

March 31, 

​

March 31, 

    

March 31, 

​

    

2024

​

2023

    

2024

​

2023

​

​

​

​

​

​

​

​

​

​

​

​

​

Payments for capital expenditures

​

$

2.1

​

$

0.5

​

$

2.1

​

$

4.5

​

Schedule of changes in the carrying value of goodwill by reportable segment

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Foreign

​

​

​

​

​

​

​

​

September 30, 

​

Exchange

​

​

​

​

March 31, 

​

    

2023

    

Impact

    

Acquired

    

2024

​

​

(in millions)

Americas

​

$

2,614.0

​

$

0.5

​

$

12.2

​

$

2,626.7

International

​

 

804.9

​

​

15.4

​

​

—

​

​

820.3

Total

​

$

3,418.9

​

$

15.9

​

$

12.2

​

$

3,447.0

Schedule of gross amounts and accumulated amortization of finite intangible assets included in intangible assets

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

March 31, 2024

​

September 30, 2023

​

​

​

​

Gross

​

Accumulated

​

Intangible

​

Gross

​

Accumulated

​

Intangible

​

Amortization

​

    

Amount

    

Amortization

    

Assets, Net

    

Amount

    

Amortization

    

Assets, Net

    

Period

​

​

(in millions)

​

(years)

Backlog and Customer relationships

​

$

671.5

​

$

(655.4)

​

$

16.1

​

$

663.8

​

$

(646.0)

​

$

17.8

​

1 - 11

Schedule of estimated future amortization expense of intangible assets

​

​

​

​

​

Fiscal Year

    

(in millions)

2024 (six months remaining)

​

$

9.2

2025

​

 

2.1

2026

​

 

1.5

2027

​

 

1.5

2028

​

​

1.5

Thereafter

​

 

0.3

Total

​

$

16.1

​