v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Operating Activities    
Net (Loss) Income $ 40.0 $ 23.5
Adjustments to net income to derive net cash provided by operating activities:    
Depreciation and amortization 20.5 18.4
Amortization of debt issuance costs 3.8 4.1
Impairment of property, plant and equipment 0.5 10.4
Gain on sale of certain intellectual property rights and long-lived assets (10.1) 0.0
Amortization of cloud computing arrangements 5.2 5.2
Stock-based compensation 11.6 16.2
Deferred income taxes 9.8 5.6
Change in operating assets and liabilities:    
Trade receivables, net (0.7) 3.7
Inventories (17.4) (2.0)
Due from/due to Becton, Dickinson and Company 0.0 15.3
Prepaid expenses and other 4.7 13.5
Accounts payable, accrued expenses and other current liabilities (15.0) (60.5)
Income and other net taxes payable (4.5) (26.8)
Other assets and liabilities, net (0.1) (0.1)
Net cash provided by operating activities 48.3 26.5
Investing Activities    
Capital expenditures (1.1) (1.6)
Proceeds from the sale of certain intellectual property rights and long-lived assets 10.1 0.0
Net cash provided by (used for) investing activities 9.0 (1.6)
Financing Activities    
Payments on long-term debt (75.0) (59.8)
Payments related to tax withholding for stock-based compensation (4.9) (4.6)
Payments on finance lease (0.8) (0.6)
Dividend payments (17.8) (17.5)
Change in unremitted cash collections from servicing factored receivables 5.4 0.0
Net cash used for financing activities (93.1) (82.5)
Effect of exchange rate changes on cash and equivalents and restricted cash 0.6 (4.3)
Net Change in Cash and equivalents and restricted cash (35.2) (61.9)
Opening Cash and equivalents and restricted cash 228.6 274.2
Closing Cash and equivalents and restricted cash $ 193.4 $ 212.3