
	June 30,		September 30,
	2026		2025

	(in millions)
Inventories, net:
Purchased components and raw materials	$	174.9	$	169.5
Work in process, net	74.7		67.5
Finished goods, net	130.2		91.7
Inventories, net	$	379.8	$	328.7

Other current assets:
Prepaid expenses	$	20.7	$	20.8





Other current assets	31.3		36.0
Total other current assets	$	52.0	$	56.8

Property, plant and equipment:
Land	$	6.6	$	6.5
Buildings	134.9		133.6
Machinery and equipment	616.9		590.3
Construction in progress	65.7		53.7
Total property, plant and equipment	824.1		784.1
Accumulated depreciation	(479.0)		(448.4)
Property, plant and equipment, net	$	345.1	$	335.7


	June 30,		September 30,
	2026		2025

	(in millions)
Other current liabilities:
Compensation and benefits	$	45.8	$	61.3
Customer rebates	17.0		19.9










Other current liabilities	48.2		73.5
Total other current liabilities	$	111.0	$	154.7

Goodwill is tested for impairment at the reporting unit level (operating segment or one level below an operating segment) on an annual basis on September 1 of each fiscal year or more frequently if an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying value.

The following table summarizes information concerning our goodwill, all of which is within our Water Management Solutions segment, during the nine months ended June 30, 2026 (in millions):


Balance as of September 30, 2025:
Goodwill	$	829.6
Accumulated impairment	(740.4)
Goodwill, net	89.2
Activity during the nine months ended June 30, 2026:
Change in foreign currency exchange rates	2.9
Balance as of June 30, 2026	$	92.1