Hillenbrand (HI) 10-Q1 May 192019 Q2 Quarterly reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
Document and Entity Information - shares	Mar. 31, 2019	Apr. 26, 2019
Document and Entity Information
Entity Registrant Name	Hillenbrand, Inc.
Entity Central Index Key	0001417398
Document Type	10-Q
Document Period End Date	Mar. 31, 2019
Amendment Flag	false
Current Fiscal Year End Date	--09-30
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		62,621,870
Entity Emerging Growth Company	false
Entity Small Business	false
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q2

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) shares in Millions, $ in Millions	3 Months Ended				6 Months Ended
	Mar. 31, 2019		Mar. 31, 2018		Mar. 31, 2019	Mar. 31, 2018
Income Statement [Abstract]
Net revenue	$ 464.6	[1]	$ 452.2	[1]	$ 874.9	$ 849.4
Cost of Goods and Services Sold	303.7		283.6		567	534.6
Gross profit	160.9		168.6		307.9	314.8
Operating expenses	93.7		98.3		184.4	187.4
Amortization of Intangible Assets	8.6		7.5		16.4	15.1
Impairment charge	0		63.4		0	63.4
Interest expense	5.4		6		10.9	12.3
Other income (expense), net	0.1		(1.1)		0.6	(1.5)
Income (loss) before income taxes	53.3		(7.7)		96.8	35.1
Income tax expense	13.8		13.6		28.3	37.3
Consolidated net income (loss)	39.5		(21.3)		68.5	(2.2)
Less: Net income attributable to noncontrolling interests	1.5		0.6		2.2	1.6
Net income (loss)	$ 38	[2]	$ (21.9)	[2]	$ 66.3	$ (3.8)	[2]
Net income - per share of common stock:
Basic earnings per share	$ 0.60		$ (0.34)		$ 1.05	$ (0.06)
Diluted earnings per share	$ 0.60		$ (0.34)		$ 1.05	$ (0.06)
Weighted average shares outstanding (basic)	62.9		63.3		62.9	63.5
Weighted average shares outstanding (diluted)	63.4		63.3		63.4	63.5

[1]	We attribute revenue to a geography based upon the location of the business unit that consummates the external sale.
[2]	Net income (loss) attributable to Hillenbrand

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended				6 Months Ended
	Mar. 31, 2019		Mar. 31, 2018		Mar. 31, 2019	Mar. 31, 2018
Statement of Comprehensive Income [Abstract]
Consolidated net income (loss)	$ 39.5		$ (21.3)		$ 68.5	$ (2.2)
Changes in other comprehensive income (loss), net of tax
Currency translation adjustment	(4.6)		14.7		(9.5)	21
Pension and postretirement (net of tax of quarter-to-date tax of $0.1 and $0.4 and year-to-date tax of $0.2 and $0.7)	0.3		0.7		0.5	1.4
Change in net unrealized gain (loss) on derivative instruments (net of quarter-to-date tax of $0.9 and $0.1 and year-to-date tax of $2.6 and $0.1)	(3.2)		0.5		(8.4)	0.3
Total changes in other comprehensive income (loss), net of tax	(7.5)		15.9		(17.4)	22.7
Consolidated comprehensive income (loss)	32		(5.4)		51.1	20.5
Less: Comprehensive income attributable to noncontrolling interests	1.5		0.5		2.4	1.6
Comprehensive income (loss)	$ 30.5	[1],[2]	$ (5.9)	[1],[2]	$ 48.7	$ 18.9

[1]	Comprehensive income (loss) attributable to Hillenbrand
[2]	Comprehensive income (loss) attributable to Hillenbrand

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2019	Mar. 31, 2018
Statement of Comprehensive Income [Abstract]
Pension and postretirement, tax	$ (0.1)	$ (0.4)	$ (0.2)	$ (0.7)
Change in net unrealized gain (loss) on derivative instruments, tax	$ 0.9	$ (0.1)	$ 2.6	$ (0.1)

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2019	Sep. 30, 2018
Current Assets
Cash and cash equivalents	$ 58.6	$ 56
Trade receivables, net	199.5	218.5
Receivables from long-term manufacturing contracts	164.8	120.3
Inventories	183	172.5
Prepaid expenses	24.1	25.2
Other current assets	20.4	18.1
Total current assets	650.4	610.6
Property, plant, and equipment, net	137.6	142
Intangible assets, net	477.3	487.3
Goodwill	583	581.9
Other assets	37.2	42.8
Total Assets	1,885.5	1,864.6
Current Liabilities
Trade accounts payable	207.7	196.8
Liabilities from long-term manufacturing contracts and advances	125.1	125.9
Accrued compensation	55.5	71.9
Other current liabilities	117.5	137.1
Total current liabilities	505.8	531.7
Long-term debt	361.7	344.6
Accrued pension and postretirement healthcare	114.6	120.5
Deferred Income Tax Liabilities, Net	79.4	76.4
Other long-term liabilities	53.9	47.3
Total Liabilities	1,115.4	1,120.5
Commitments and contingencies (Note 14)
SHAREHOLDERS’ EQUITY
Common stock, no par value (63.9 and 63.9 shares issued, 62.6 and 62.3 shares outstanding)	0	0
Additional paid-in capital	343.1	351.4
Retained earnings	571.1	531
Treasury stock (1.3 and 1.6 shares)	(55.6)	(67.1)
Accumulated other comprehensive loss	(101.8)	(84.2)
Hillenbrand Shareholders’ Equity	756.8	731.1
Noncontrolling interests	13.3	13
Total Shareholders’ Equity	770.1	744.1
Total Liabilities and Equity	$ 1,885.5	$ 1,864.6

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares shares in Millions	Mar. 31, 2019	Sep. 30, 2018
Statement of Financial Position [Abstract]
Common stock, par value (in dollars per share)
Common stock, shares issued	63.9	63.9
Common stock, shares outstanding	62.6	62.3
Treasury stock, shares	1.3	1.6

Consolidated Statements of Cash

Consolidated Statements of Cash Flow - USD ($) $ in Millions	6 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Operating Activities
Consolidated net income (loss)	$ 68.5	$ (2.2)
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation and amortization	29.2	27.8
Impairment charge	0	63.4
Deferred income taxes	8.7	(10.4)
Share-based compensation	5.8	6.2
Trade accounts receivable and receivables from long-term manufacturing contracts	(24.8)	(34.2)
Inventories	(12.1)	(25.6)
Prepaid expenses and other current assets	(0.8)	(10.7)
Trade accounts payable	12.7	12.8
Accrued expenses and other current liabilities	(24.6)	10.3
Income taxes payable	(12.8)	26.5
Defined benefit plan and postretirement funding	(4.6)	(5.6)
Defined benefit plan and postretirement expense	1.7	2.3
Other, net	(0.4)	0.9
Net cash provided by operating activities	46.5	61.5
Investing Activities
Capital expenditures	(8.3)	(10.6)
Acquisition of business, net of cash acquired	(26.2)	0
Other, net	0.1	0.1
Net cash used in investing activities	(34.4)	(10.5)
Financing Activities
Repayments on term loan	0	(148.5)
Proceeds from revolving credit facilities, net of financing costs	342	701.8
Repayments on revolving credit facilities	(323.8)	(542.8)
Payments of dividends on common stock	(26.2)	(26.2)
Repurchases of common stock	0	(38.9)
Proceeds from Stock Options Exercised	1.4	9.3
Payments Related to Tax Withholding for Share-based Compensation	(4.2)	(4.1)
Other, net	(0.5)	(1)
Net cash used in financing activities	(11.3)	(50.4)
Effect of exchange rates on cash and cash equivalents	2.1	1.7
Net cash flows	2.9	2.3
Cash, cash equivalents, and restricted cash:
At beginning of period	56.5	66.7
At end of period	$ 59.4	$ 69

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flow Cash, Cash Equivalents, and Restricted Cash - USD ($)	Mar. 31, 2019	Sep. 30, 2018	Mar. 31, 2018	Sep. 30, 2017
Supplemental Cash Flow Elements [Abstract]
Cash and cash equivalents	$ 58,600,000	$ 56,000,000	$ 68,500,000
Short-term restricted cash included in other current assets	800,000	500,000	500,000
Total cash, cash equivalents, and restricted cash shown in the Consolidated Statements of Cash Flows	$ 59,400,000	$ 56,500,000	$ 69,000,000	$ 66,700,000

Consolidated Statements of Shar

Consolidated Statements of Shareholders Equity Statement - USD ($) $ in Millions	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Treasury Stock	AOCI Attributable to Parent [Member]	Noncontrolling Interests
Common Stock, Dividends, Per Share, Declared	$ 0.415
Balance at Sep. 30, 2017	$ 765.9		$ 349.9	$ 507.1	$ (24.4)	$ (81.2)	$ 14.5
Balance, shares at Sep. 30, 2017		63,800,000			700,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Total other comprehensive income (loss), net of tax	22.7					22.7	0
Consolidated net income (loss)	(2.2)			(3.8)			1.6
Common stock, shares issued		(100,000)			(400,000)
Stock Granted, Value, Share-based Compensation, Net of Forfeitures	5.2		(10.1)		$ 15.3
Share-based compensation	6.2		6.2
Treasury Stock, Shares, Acquired					900,000
Treasury Stock, Value, Acquired, Cost Method	(38.9)				$ (38.9)
Dividends, Common Stock	(26.9)		(0.4)	(26.4)			(0.9)
Balance at Mar. 31, 2018	$ 732		346.4	476.9	$ (48)	(58.5)	15.2
Balance, shares at Mar. 31, 2018		63,900,000			1,200,000
Common Stock, Dividends, Per Share, Declared	$ 0.2075
Balance at Dec. 31, 2017	$ 768.5		344.1	512	$ (28.7)	(74.5)	15.6
Balance, shares at Dec. 31, 2017		63,900,000			800,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Total other comprehensive income (loss), net of tax	15.9					16	(0.1)
Consolidated net income (loss)	(21.3)			(21.9)			0.6
Common stock, shares issued		0			(100,000)
Stock Granted, Value, Share-based Compensation, Net of Forfeitures	2.6		(1.8)		$ 4.4
Share-based compensation	3.9		3.9
Treasury Stock, Shares, Acquired					500,000
Treasury Stock, Value, Acquired, Cost Method	(23.7)				$ (23.7)
Dividends, Common Stock	(13.9)		(0.2)	(13.2)			(0.9)
Balance at Mar. 31, 2018	$ 732		346.4	476.9	$ (48)	(58.5)	15.2
Balance, shares at Mar. 31, 2018		63,900,000			1,200,000
Common Stock, Dividends, Per Share, Declared	$ 0.42
Balance at Sep. 30, 2018	$ 744.1		351.4	531	$ (67.1)	(84.2)	13
Balance, shares at Sep. 30, 2018		63,900,000			1,600,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Total other comprehensive income (loss), net of tax	(17.4)					(17.6)	0.2
Consolidated net income (loss)	68.5			66.3			2.2
Common stock, shares issued		0			(300,000)
Stock Granted, Value, Share-based Compensation, Net of Forfeitures	(2.8)		(14.3)		$ 11.5
Share-based compensation	5.8		5.8
Other	0.2			0.2
Dividends, Common Stock	(28.3)		(0.2)	(26.4)			(2.1)
Balance at Mar. 31, 2019	$ 770.1		343.1	571.1	$ (55.6)	(101.8)	13.3
Balance, shares at Mar. 31, 2019		63,900,000			1,300,000
Common Stock, Dividends, Per Share, Declared	$ 0.21
Balance at Dec. 31, 2018	$ 747.4		341.7	546.3	$ (59.2)	(94.3)	12.9
Balance, shares at Dec. 31, 2018		63,900,000			1,400,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Total other comprehensive income (loss), net of tax	(7.5)					(7.5)	0
Consolidated net income (loss)	39.5			38			1.5
Common stock, shares issued		0			(100,000)
Stock Granted, Value, Share-based Compensation, Net of Forfeitures	1		(2.6)		$ 3.6
Share-based compensation	3.9		3.9
Dividends, Common Stock	(14.2)		(0.1)	(13.2)			(1.1)
Balance at Mar. 31, 2019	$ 770.1		$ 343.1	$ 571.1	$ (55.6)	$ (101.8)	$ 13.3
Balance, shares at Mar. 31, 2019		63,900,000			1,300,000

Background and Basis of Present

Background and Basis of Presentation	6 Months Ended
Background and Basis of Presentation	Mar. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Background and Basis of Presentation	Background and Basis of Presentation Hillenbrand, Inc. (“Hillenbrand”) is a global diversified industrial company with multiple leading brands that serve a wide variety of industries around the world. We strive to provide superior return for our shareholders, exceptional value for our customers, great professional opportunities for our employees, and to be responsible to our communities through deployment of the Hillenbrand Operating Model (“HOM”). The HOM is a consistent and repeatable framework designed to produce sustainable and predictable results. The HOM describes our mission, vision, values, and mindset as leaders; applies our management practices in Strategy Management, Segmentation, Lean, Talent Development, and Acquisitions; and prescribes three steps (Understand, Focus, and Grow) designed to make our businesses both bigger and better. Our goal is to continue developing Hillenbrand as a world-class global diversified industrial company through the deployment of the HOM. Hillenbrand’s portfolio is composed of two business segments: the Process Equipment Group and Batesville ® . The Process Equipment Group businesses design, develop, manufacture, and service highly engineered industrial equipment around the world. Batesville is a recognized leader in the death care industry in North America. “Hillenbrand,” “the Company,” “we,” “us,” “our,” and similar words refer to Hillenbrand and its subsidiaries unless context otherwise requires. The accompanying unaudited consolidated financial statements include the accounts of Hillenbrand and its subsidiaries. They also include two subsidiaries where the Company’s ownership percentage is less than 100% . The Company’s fiscal year ends on September 30. Unless otherwise stated, references to years relate to fiscal years. These unaudited consolidated financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) for interim financial statements and therefore do not include all information required in accordance with accounting principles generally accepted in the United States (“GAAP”). The unaudited consolidated financial statements have been prepared on the same basis as, and should be read in conjunction with, the audited consolidated financial statements and notes thereto included in our latest Annual Report on Form 10-K for the year ended September 30, 2018 , as filed with the SEC. The September 30, 2018 Consolidated Balance Sheet included in this Form 10-Q was derived from audited consolidated financial statements, but does not include all disclosures required by GAAP for a year-end balance sheet included in Form 10-K. In the opinion of management, these financial statements reflect all adjustments necessary to present a fair statement of the Company’s consolidated financial position and the consolidated results of operations and cash flow as of the dates and for the periods presented. The preparation of financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the period. Actual results could differ from those estimates. Examples of such estimates include, but are not limited to, revenue recognition under the percentage-of-completion method and the establishment of reserves related to customer rebates, doubtful accounts, warranties, early-pay discounts, inventories, income taxes, litigation, self-insurance, and progress toward achievement of performance criteria under incentive compensation programs.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
Summary of Significant Accounting Policies	Mar. 31, 2019
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies The significant accounting policies used in preparing these consolidated financial statements are consistent with the accounting policies described in our Annual Report on Form 10-K for 2018 , except as described below. Recently Adopted Accounting Standards In August 2017, the FASB issued ASU 2017-12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities. ASU 2017-12 intends to better align an entity's risk management activities and financial reporting for hedging relationships through changes to both the designation and measurement guidance for qualifying hedging relationships and the presentation of hedge results. The amendments expand and refine hedge accounting for both nonfinancial and financial risk components, and align the recognition and presentation of the effects of the hedging instrument and the hedged item in the financial statements. In addition, this ASU makes certain targeted improvements to simplify the application of hedge accounting guidance. ASU 2017-12 was early adopted for our fiscal year beginning on October 1, 2018 on a prospective basis. The adoption of this standard did not have a significant impact on our consolidated financial statements. In November 2016, the FASB issued ASU 2016-18, Statement of Cash Flows: Restricted Cash. ASU 2016-18 requires that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. Therefore, amounts generally described as restricted cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. ASU 2016-18 became effective and was adopted for our fiscal year beginning on October 1, 2018. The adoption of ASU 2016-18 had a financial statement presentation and disclosure impact only. In January 2017, the FASB issued ASU 2017-01, Clarifying the Definition of a Business . ASU 2017-01 assists entities in determining whether a transaction involves an asset or a business. Specifically, it states that when substantially all of the fair value of the gross assets acquired (or disposed of) is concentrated in a single identifiable asset or group of similar identifiable assets, the set is not a business. If this initial test is not met, a set cannot be considered a business unless it includes an input and a substantive process that together significantly contribute to the ability to create output. ASU 2017-01 became effective and was adopted for our fiscal year beginning on October 1, 2018. The adoption of ASU 2017-01 did not have a significant impact on our consolidated financial statements. In March 2017, the FASB issued ASU 2017-07, Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost . ASU 2017-07 states that an employer must report the service cost component in the same line item or items as other compensation costs arising from services rendered by the pertinent employees during the period and present the other components of net benefit cost (as defined in paragraphs 715-30-35-4 and 715-60-35-9) in the income statement separately from the service cost component and outside a subtotal of income from operations (if one is presented). In addition, ASU 2017-07 limits the capitalization of compensation costs to the service cost component only (if capitalization is appropriate). ASU 2017-07 became effective and was adopted for our fiscal year beginning on October 1, 2018. On the Consolidated Statements of Income, the adoption of this standard resulted in the reclassification of $0.1 credit from Cost of goods sold to Other income (expense), net, for the three months ended March 31, 2018 , and $0.2 credit from Cost of goods sold and $0.1 from Operating expenses to Other income (expense), net, for the six months ended March 31, 2018 . In May 2017, the FASB issued ASU 2017-09, Compensation - Stock Compensation (Topic 718): Scope of Modification Accounting. ASU 2017-09 clarifies when changes to the terms or conditions of a share-based payment award must be accounted for as modifications (in accordance with Topic 718). The new guidance will provide relief to entities that make non-substantive changes to share-based payment awards. ASU 2017-09 became effective and was adopted for our fiscal year beginning on October 1, 2018. The adoption of ASU 2017-09 did not have a significant impact on our consolidated financial statements. Beginning in 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (“ASC 606”) , plus a number of related ASUs designed to clarify and interpret ASC 606. The new standard requires entities to recognize revenue in a way that depicts the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The new standard supersedes U.S. GAAP guidance on revenue recognition and requires the use of more estimates than the previously effective standards. It also requires significant disclosures sufficient to enable users to understand the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers, including qualitative and quantitative disclosures about contracts with customers, significant judgments and changes in judgments, and assets recognized from the costs to obtain or fulfill a contract. The new standard became effective for our fiscal year beginning on October 1, 2018 and was adopted on a modified retrospective basis. The Company elected the practical expedient and only evaluated contracts for which substantially all revenue had not been recognized under ASC Topic 605, with the cumulative effect of the new guidance recorded as of the date of initial application. The primary changes from the adoption of ASC 606 resulted from certain performance obligations that were previously recognized at a point in time that are now recognized over time. The cumulative effect of the changes made to the Consolidated Balance Sheet as of October 1, 2018 for the adoption of ASC 606 was as follows: Balance at September 30, 2018 Adjustments due to ASC 606 Balance at October 1, 2018 Assets Receivables from long-term manufacturing contracts $ 120.3 $ 1.9 $ 122.2 Inventories 172.5 (1.6 ) 170.9 Liabilities Deferred income taxes $ 76.4 $ 0.1 $ 76.5 Shareholders’ Equity Retained earnings $ 531.0 $ 0.2 $ 531.2 The following tables summarize the impacts of adopting ASC 606 on the Company’s consolidated financial statements as of and for the three and six months ended March 31, 2019 . Consolidated Statements of Income: Three Months Ended March 31, 2019 Six Months Ended March 31, 2019 As Reported Adjustments Due to ASC 606 Balances without Adoption As Reported Adjustments Due to ASC 606 Balances without Adoption Net revenue $ 464.6 $ (0.1 ) $ 464.5 $ 874.9 $ (1.1 ) $ 873.8 Cost of goods sold 303.7 (0.1 ) 303.6 567.0 (1.0 ) 566.0 Gross profit 160.9 — 160.9 307.9 (0.1 ) 307.8 Income before income taxes 53.3 — 53.3 96.8 (0.1 ) 96.7 Consolidated net income 39.5 — 39.5 68.5 (0.1 ) 68.4 Consolidated Balance Sheet: March 31, 2019 As Reported Adjustments Due to ASC 606 Balances without Adoption Assets Receivables from long-term manufacturing contracts $ 164.8 $ (3.0 ) $ 161.8 Inventories 183.0 2.7 185.7 Liabilities Deferred income taxes $ 79.4 $ (0.1 ) $ 79.3 Shareholders’ Equity Retained earnings $ 571.1 $ (0.2 ) $ 570.9 The Company has elected the following as a result of adopting the new standard on revenue recognition: • Hillenbrand elected not to adjust the promised amount of consideration for the effects of the time value of money for contracts in which the anticipated period between when Hillenbrand transfers the goods or services to the customer and when the customer pays is equal to one year or less. • Hillenbrand elected to account for shipping and handling activities that occur after the customer has obtained control of a good as fulfillment activities rather than as a promised service. • Taxes assessed by a governmental authority that are both imposed on and concurrent with a specific revenue-producing transaction, and that are collected by the Company from a customer, are excluded from revenue. Recently Issued Accounting Standards In February 2016, the FASB issued ASU 2016-02, Leases . ASU 2016-02 requires lessees to recognize a right of use asset and related lease liability for leases that have terms of more than twelve months. For income statement purposes, the FASB retained a dual model, requiring leases to be classified as either operating or finance, with the classifications based on criteria that are similar to those applied under the current lease guidance, without the explicit bright lines. ASU 2016-02 will be effective for our fiscal year beginning on October 1, 2019. We have developed an implementation plan and we are currently gathering data to further assess the impact that ASU 2016-02 will have on our consolidated financial statements. The adoption is anticipated to have a significant impact on assets and liabilities within our Consolidated Balance Sheets due to the recognition of right-of-use assets and corresponding lease liabilities. In June 2016, the FASB issued ASU 2016-13, Measurement of Credit Losses on Financial Statements. ASU 2016-13 replaces the current incurred loss impairment model with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to determine credit loss estimates. ASU 2016-13 will be effective for our fiscal year beginning on October 1, 2020, with early adoption permitted for our fiscal year beginning October 1, 2019. We are currently evaluating the impact that ASU 2016-13 will have on our consolidated financial statements.

Revenue Recognition

Revenue Recognition	6 Months Ended
Revenue Recognition	Mar. 31, 2019
Revenue Recognition [Abstract]
Revenue from Contract with Customer [Text Block]	Revenue Recognition We adopted ASC 606, Revenue from Contracts with Customers , on October 1, 2018. As a result, we have changed our accounting policy for revenue recognition as detailed below. Net revenue includes gross revenue less sales discounts, customer rebates, sales incentives, and product returns, all of which require us to make estimates for the portion of these allowances that have yet to be credited or paid to our customers. We estimate these allowances using the expected value method, which is based upon historical rates and projections of customer purchases toward contractual rebate thresholds. Performance Obligations & Contract Estimates The Process Equipment Group designs, engineers, manufactures, markets, and services differentiated process and material handling equipment and systems for a wide variety of industries. A large portion of our revenue across the Process Equipment Group is derived from manufactured equipment, which may be standard, customized to meet customer specifications, or turnkey. Our contracts with customers in the Process Equipment Group segment often include multiple performance obligations. Performance obligations are promises in a contract to transfer a distinct good or service to the customer, and are the basis for determining how revenue is recognized. For instance, a contract may include obligations to deliver equipment, installation services, and spare parts. We frequently have contracts for which the equipment and the installation services, as well as highly engineered or specialized spare parts, are all considered a single performance obligation, as in these instances the installation services and/or spare parts are not separately identifiable. However, due to the varying nature of equipment and contracts across the Process Equipment Group, we also have contracts where the installation services and/or spare parts are deemed to be separately identifiable and are therefore deemed to be distinct performance obligations. A contract’s transaction price is allocated to each distinct performance obligation based on its respective stand-alone selling price, and recognized as revenue when, or as, the performance obligation is satisfied. When a distinct performance obligation is not sold separately, the value of the standalone selling price is estimated considering all reasonably available information. When an obligation is distinct, as defined in ASC 606, we allocate a portion of the contract price to the obligation and recognize it separately from the other performance obligations. The timing of revenue recognition for each performance obligation is either over time or at a point in time. We recognize revenue over time for contracts that have an enforceable right to collect payment for performance completed to-date upon customer cancellation and provide one or more of the following: (i) service over a period of time, (ii) highly customized equipment, or (iii) parts which are highly engineered and have no alternative use. Revenue generated from standard equipment and highly customized equipment or parts contracts without an enforceable right to payment for performance completed to-date, as well as non-specialized parts sales and sales of death care products, is recognized at a point in time. We use the input method of “cost-to-cost” to recognize revenue over time. Accounting for these contracts involves management judgment in estimating total contract revenue and cost. Contract revenues are largely determined by negotiated contract prices and quantities, modified by our assumptions regarding contract options, change orders, and incentive and award provisions associated with technical performance clauses. Contract costs are incurred over longer periods of time and, accordingly, the estimation of these costs requires judgment. We measure progress based on costs incurred to date relative to total estimated cost at completion. Incurred cost represents work performed, which corresponds with, and we believe thereby best depicts, the transfer of control to the customer. Contract costs include labor, material, and certain overhead expenses. Cost estimates are based on various assumptions to project the outcome of future events, including labor productivity and availability, the complexity of the work to be performed, the cost of materials, and the performance of subcontractors. Significant factors that influence these estimates include inflationary trends, technical and schedule risk, internal and subcontractor performance trends, business volume assumptions, asset utilization, and anticipated labor agreements. Revenue and cost estimates are regularly monitored and revised based on changes in circumstances. Anticipated losses on long-term contracts are recognized immediately when such losses become evident. We maintain financial controls over the customer qualification, contract pricing, and estimation processes to reduce the risk of contract losses. Stand-alone service revenue is recognized either over time proportionately over the period of the underlying contract or as invoiced, depending on the terms of the arrangement. Stand-alone service revenue is not material to the Company. For the Process Equipment Group and Batesville segment products where revenue is recognized at a point in time, we recognize it when our customers take control of the asset. We define this as the point in time at which the customer has the capability of full beneficial use of the asset as intended per the contract. Contract balances In the Process Equipment Group segment, the Company requires an advance deposit based on the terms and conditions of contracts with customers for many of its contracts. Payment terms generally require an upfront payment at the start of the contract, and the remaining payments during the contract or within a certain number of days of delivery. Typically, revenue is recognized within one year of receiving an advance deposit. For contracts where an advance payment is received greater than one year from expected revenue recognition, or a portion of the payment due extends beyond one year, the Company has determined it does not constitute a significant financing component. The timing of revenue recognition, billings, and cash collections can result in customer receivables, advance payments, and billings in excess of revenue recognized. Customer receivables include amounts billed and currently due from customers and are included in Trade receivables, net, as well as unbilled amounts (contract assets) which are included in Receivables from long-term manufacturing contracts on our Consolidated Balance Sheets. Amounts are billed in accordance with contractual terms or as work progresses in accordance with contractual terms. Unbilled amounts arise when the timing of billing differs from the timing of revenue recognized, such as when contract provisions require specific milestones to be met before a customer can be billed. Unbilled amounts primarily relate to performance obligations satisfied over time when the cost-to-cost method is used and the revenue recognized exceeds the amount billed to the customer as there is not yet a right to payment in accordance with contractual terms. Unbilled amounts are recorded as a contract asset when the revenue associated with the contract is recognized prior to billing and derecognized when billed in accordance with the terms of the contract. Trade receivables are recorded at face amounts and represent the amounts we believe to be collectible. The Company maintains allowances for doubtful accounts for estimated losses as a result of customers’ inability to make required payments. Management evaluates the aging of the customer receivable balances, the financial condition of its customers, historical trends and the time outstanding of specific balances to estimate the amount of customer receivables that may not be collected in the future, and records the appropriate provision. Advance payments and billings in excess of revenue recognized are included in Liabilities from long-term manufacturing contracts and advances on our Consolidated Balance Sheets. Advance payments and billings in excess of revenue recognized represent contract liabilities and are recorded when customers remit contractual cash payments in advance of us satisfying performance obligations under contractual arrangements, including those with performance obligations satisfied over time. Billings in excess of revenue recognized primarily relate to performance obligations satisfied over time when the cost-to-cost method is used and revenue cannot yet be recognized as the Company has not completed the corresponding performance obligation. Contract liabilities are derecognized when revenue is recognized and the performance obligation is satisfied. The balance in Receivables from long-term manufacturing contracts at March 31, 2019 and September 30, 2018 was $164.8 and $120.3 . The change was driven by the adoption of ASC 606 ( $3.0 ) and the impact of net revenue recognized prior to billings ( $41.5 ). The balance in the Liabilities from long-term manufacturing contracts and advances at March 31, 2019 and September 30, 2018 was $125.1 and $125.9 and consists primarily of cash payments received or due in advance of satisfying our performance obligations. The revenue recognized for the six months ended March 31, 2019 related to Liabilities from long-term manufacturing contracts and advances as of September 30, 2018 was $107.0 . During the six months ended March 31, 2019 , the adjustments related to performance obligations satisfied in previous periods were immaterial. Costs incurred to obtain a customer contract are not material to the Company. The Company elected to apply the practical expedient to not capitalize contract costs to obtain contracts with a duration of one year or less, which are expensed as incurred. Transaction price allocated to the remaining performance obligations As of March 31, 2019 , the aggregate amount of transaction price of remaining performance obligations, which corresponds to backlog as defined in Item 2 of this Form 10-Q, for the Company was $960.5 . Approximately 85% of these obligations are expected to be satisfied over the next twelve months, and the remaining performance obligations, primarily within one to three years. Disaggregation of revenue Three Months Ended March 31, 2019 Six Months Ended March 31, 2019 Process Equipment Group Batesville Total Process Equipment Group Batesville Total Revenue by End Market Plastics $ 202.2 $ — $ 202.2 $ 363.1 $ — $ 363.1 Chemicals 22.9 — 22.9 52.5 — 52.5 Food & Pharmaceuticals 24.4 — 24.4 40.9 — 40.9 Minerals & Mining 22.2 — 22.2 50.2 — 50.2 Water & Wastewater 7.7 — 7.7 17.2 — 17.2 Death Care — 137.9 137.9 — 266.0 266.0 Other 47.3 — 47.3 85.0 — 85.0 Total $ 326.7 $ 137.9 $ 464.6 $ 608.9 $ 266.0 $ 874.9 Three Months Ended March 31, 2019 Six Months Ended March 31, 2019 Process Equipment Group Batesville Total Process Equipment Group Batesville Total Products and Services Equipment $ 227.6 $ — $ 227.6 $ 411.0 $ — $ 411.0 Parts and Services 99.1 — 99.1 197.9 — 197.9 Death Care — 137.9 137.9 — 266.0 266.0 Total $ 326.7 $ 137.9 $ 464.6 $ 608.9 $ 266.0 $ 874.9 Three Months Ended March 31, 2019 Six Months Ended March 31, 2019 Process Equipment Group Batesville Total Process Equipment Group Batesville Total Timing of Transfer Point in Time $ 176.8 $ 137.9 $ 314.7 $ 340.5 $ 266.0 $ 606.5 Over Time 149.9 — 149.9 268.4 — 268.4 Total $ 326.7 $ 137.9 $ 464.6 $ 608.9 $ 266.0 $ 874.9

Business Acquisitions

Business Acquisitions	6 Months Ended
Business Acquisitions	Mar. 31, 2019
Business Combinations [Abstract]
Business Acquisitions	Business Acquisitions We completed the acquisition of Burnaby Machine and Mill Equipment Ltd. (“BM&M”) in November 2018 for $26.2 in cash. We used our revolving credit facility (the “Facility”) to fund the acquisition. Based in Canada, BM&M provides high-speed gyratory screeners for a variety of industries. The results of BM&M will be reported in the Process Equipment Group segment. Based on our purchase price allocation, we recorded $14 of intangibles, which consisted of $10 of customer relationships, $1 of trade names and $3 of backlog. In addition, we recorded $9 of goodwill and $3 of net tangible assets, primarily working capital. Goodwill is not deductible for tax purposes. The fair value did not ascribe a significant amount to tangible assets, as we often seek to acquire companies with a relatively low physical asset base in order to limit the need to invest significant additional cash post-acquisition.

Supplemental Balance Sheet Info

Supplemental Balance Sheet Information	6 Months Ended
Supplemental Balance Sheet Information	Mar. 31, 2019
Balance Sheet Related Disclosures [Abstract]
Supplemental Balance Sheet Information	Supplemental Balance Sheet Information March 31, September 30, Trade accounts receivable reserves $ 21.0 $ 22.2 Accumulated depreciation on property, plant, and equipment $ 310.6 $ 303.8 Inventories: Raw materials and components $ 71.3 $ 68.3 Work in process 49.5 44.7 Finished goods 62.2 59.5 Total inventories $ 183.0 $ 172.5 We had restricted cash of $ 0.8 and $ 0.5 included in Other current assets in the Consolidated Balance Sheets at March 31, 2019 and at September 30, 2018 .

Intangible Assets and Goodwill

Intangible Assets and Goodwill (Notes)	6 Months Ended
Intangible Assets and Goodwill (Notes)	Mar. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets Disclosure [Text Block]	Intangible Assets and Goodwill Intangible Assets Intangible assets are stated at the lower of cost or fair value. With the exception of most trade names, intangible assets are amortized on a straight-line basis over periods ranging from three to 21 years, representing the period over which we expect to receive future economic benefits from these assets. We assess the carrying value of most trade names annually, or more often if events or changes in circumstances indicate there may be an impairment. The following tables summarize the carrying amounts and related accumulated amortization for intangible assets as of March 31, 2019 and September 30, 2018 . March 31, 2019 September 30, 2018 Cost Accumulated Amortization Cost Accumulated Amortization Finite-lived assets: Trade names $ 0.2 $ (0.2 ) $ 0.2 $ (0.2 ) Customer relationships 469.2 (158.8 ) 464.5 (148.4 ) Technology, including patents 78.2 (47.3 ) 79.6 (45.1 ) Software 58.5 (50.6 ) 58.0 (48.9 ) Other 2.8 (1.7 ) 0.2 (0.2 ) 608.9 (258.6 ) 602.5 (242.8 ) Indefinite-lived assets: Trade names 127.0 — 127.6 — Total $ 735.9 $ (258.6 ) $ 730.1 $ (242.8 ) The net change in intangible assets during the six months ended March 31, 2019 was driven primarily by the acquisition of BM&M in November 2018, which included intangible assets of approximately $14 , normal amortization, and foreign currency adjustments. See Note 4 for further detail on the acquisition of BM&M. Goodwill Goodwill is not amortized, but is subject to annual impairment tests. Goodwill has been assigned to reporting units. We assess the carrying value of goodwill annually, or more often if events or changes in circumstances indicate there may be impairment. Impairment testing is performed at a reporting unit level. Process Equipment Group Batesville Total Balance September 30, 2018 $ 573.6 $ 8.3 $ 581.9 Acquisition 9.1 — 9.1 Foreign currency adjustments (8.0 ) — (8.0 ) Balance March 31, 2019 $ 574.7 $ 8.3 $ 583.0 Impairment In connection with the preparation of the quarterly financial statements for the second quarter 2018, an interim impairment assessment was performed at a reporting unit in the Process Equipment Group segment most directly impacted by domestic coal mining and coal power. During the quarter ended March 31, 2018, published industry reports reduced their forecasts for domestic coal production and consumption. The reporting unit also experienced a larger than expected decline in orders for equipment and parts used in the domestic coal mining and coal power industries. In conjunction with these events and as part of the long-term strategic forecasting process, the Company made the decision to redirect strategic investments for growth, significantly reducing the reporting unit’s terminal growth rate. As a result of this change in expected future cash flows, along with comparable fair value information, management concluded that the reporting unit carrying value exceeded its fair value, resulting in a goodwill impairment charge of $58.8 during the quarter ended March 31, 2018. Intangible asset impairment charges for trade names associated with the same reporting unit were $4.6 pre-tax ( $3.5 after tax) based on similar factors during the quarter ended March 31, 2018.

Financing Agreements

Financing Agreements	6 Months Ended
Financing Agreements	Mar. 31, 2019
Debt Disclosure [Abstract]
Financing Agreements	Financing Agreements March 31, September 30, $900 revolving credit facility (excluding outstanding letters of credit) $ 112.6 $ 95.7 $150 senior unsecured notes, net of discount (1) 149.5 149.3 $100 Series A Notes (2) 99.6 99.6 Other 1.7 — Total debt 363.4 344.6 Less: current portion (3) 1.7 — Total long-term debt $ 361.7 $ 344.6 (1) Includes debt issuance costs of $0.3 and $0.4 at March 31, 2019 and September 30, 2018. (2) Includes debt issuance costs of $0.4 and $0.4 at March 31, 2019 and September 30, 2018. (3) Included in Other current liabilities in the Consolidated Balance Sheets. Our private shelf agreement expired in March 2019. We entered into this Private Shelf Agreement on December 6, 2012 (as amended, the “Shelf Agreement”), with Prudential Investment Management, Inc. (“Prudential”) and each Prudential Affiliate (as defined therein) that became a purchaser thereunder, and on December 15, 2014, we issued $100.0 in 4.60% Series A unsecured notes (“Series A Notes”) pursuant thereto, which remain outstanding. With respect to the revolving credit facility, as of March 31, 2019 , we had $7.2 in outstanding letters of credit issued and $780.2 of maximum borrowing capacity. $741.6 of this borrowing capacity was immediately available based on our leverage covenant at March 31, 2019 , with additional amounts available in the event of a qualifying acquisition. The weighted-average interest rates on borrowings under the Facility were 2.73% and 2.57% for the three and six months ended March 31, 2019 , and 2.03% and 1.82% for the same periods in the prior year. The weighted average facility fee was 0.12% and 0.11% for the three and six months ended March 31, 2019 , and 0.15% and 0.17% for the same periods in the prior year. In the normal course of business, the Process Equipment Group provides to certain customers bank guarantees and other credit arrangements in support of performance, warranty, advance payment, and other contractual obligations. This form of trade finance is customary in the industry and, as a result, we maintain adequate capacity to provide the guarantees. As of March 31, 2019 , we had credit arrangements totaling $300.9 , under which $210.6 was utilized, for this purpose. These arrangements include our €150.0 Syndicated Letter of Guarantee Facility (as amended, the “LG Facility”) and other ancillary credit facilities. The Facility, the LG Facility, and the Series A Notes, require us to meet certain conditions including compliance with covenants, absence of default, and continued accuracy of certain representations and warranties. Financial covenants include a maximum ratio of Indebtedness to EBITDA (as defined in the agreements, “Leverage Ratio”) of 3.5 to 1.0 including the application of cash as a reduction of Indebtedness (subject to certain limitations); a maximum Leverage Ratio resulting from an acquisition in excess of $75.0 of 4.0 to 1.0 for a period of three consecutive quarters following such acquisition; and a minimum ratio of EBITDA (as defined in the agreements) to interest expense of 3.0 to 1.0 . As of March 31, 2019 , we were in compliance with all covenants. The Facility, senior unsecured notes, 4.60% Series A unsecured notes issued under the Shelf Agreement (“Series A Notes”), and LG Facility are fully and unconditionally, and jointly and severally, guaranteed by certain of the Company’s domestic subsidiaries.

Retirement Benefits

Retirement Benefits	6 Months Ended
Retirement Benefits	Mar. 31, 2019
Defined Benefit Plan [Abstract]
Retirement Benefits	Retirement Benefits Defined Benefit Plans U.S. Pension Benefits Non-U.S. Pension Benefits Three Months Ended March 31, Three Months Ended March 31, 2019 2018 2019 2018 Service costs $ 0.6 $ 0.7 $ 0.4 $ 0.4 Interest costs 2.5 2.1 0.3 0.3 Expected return on plan assets (3.3 ) (3.5 ) (0.2 ) (0.1 ) Amortization of unrecognized prior service costs, net 0.1 0.1 — — Amortization of net loss 0.2 0.8 0.3 0.3 Net pension costs $ 0.1 $ 0.2 $ 0.8 $ 0.9 U.S. Pension Benefits Non-U.S. Pension Benefits Six Months Ended March 31, Six Months Ended March 31, 2019 2018 2019 2018 Service costs $ 1.2 $ 1.4 $ 0.7 $ 1.0 Interest costs 5.1 4.3 0.6 0.6 Expected return on plan assets (6.6 ) (7.0 ) (0.3 ) (0.3 ) Amortization of unrecognized prior service costs, net 0.1 0.1 — — Amortization of net loss 0.4 1.6 0.5 0.5 Net pension costs $ 0.2 $ 0.4 $ 1.5 $ 1.8 Postretirement Healthcare Plans — Net postretirement healthcare costs were not significant for the three and six months ended March 31, 2019 and 2018 . Defined Contribution Plans — Expenses related to our defined contribution plans were $2.9 and $5.7 for the three and six months ended March 31, 2019 and $2.9 and $5.6 for the same periods in the prior year.

Income Taxes

Income Taxes	6 Months Ended
Income Taxes	Mar. 31, 2019
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The effective tax rates for the three months ended March 31, 2019 and 2018 were 25.9% and (176.6)% . The negative effective tax rate in the prior year quarter primarily resulted from the nondeductible portion of the previously mentioned impairment charge recorded in the Process Equipment Group segment and the resulting loss before tax for the quarter. Additionally, the current year increase in the effective tax rate includes the effect of an unfavorable geographic mix of pretax income, partially offset by the full implementation of the Tax Cuts and Jobs Act (“Tax Act”). The effective tax rates for the six months ended March 31, 2019 and 2018 were 29.2% and 106.3% . The high effective tax rate in the prior year primarily resulted from the nondeductible portion of the previously mentioned impairment charge recorded in the Process Equipment Group segment and the impact of the Tax Act, as driven by the items discussed below. Additionally, the current year decrease in the effective tax rate is partially driven by the full implementation of the Tax Act, partially offset by the effects of an unfavorable geographic mix of pretax income and an increase in reserve for uncertain tax positions. T he Tax Act was enacted on December 22, 2017. The majority of the provisions of the Tax Act were to be effective for tax years beginning after December 31, 2017 (which corresponds to Hillenbrand’s current fiscal year ending September 30, 2019). As a non-calendar year end company, certain of the provisions of the Tax Act were effective for us for the fiscal year ended September 30, 2018, while others became effective for our current fiscal year ending September 30, 2019. The Tax Act reduced the federal corporate tax rate from 35% to 21%, which became effective on January 1, 2018. The Internal Revenue Code provides that our fiscal year ended September 30, 2018 had a blended U.S. corporate tax rate of 24.5%, which is based on a proration of the applicable tax rates before and after effective date of the Tax Act. The statutory tax rate of 21% applies to fiscal year ending September 30, 2019 and future years. Shortly after the Tax Act was enacted, the SEC staff issued Staff Accounting Bulletin No. 118, Income Tax Accounting Implications of the Tax Cuts and Jobs Act (“SAB 118”), which provides guidance on accounting for the Tax Act’s impact. SAB 118 provides a measurement period, which in no case should extend beyond one year from the Tax Act enactment date, during which a company acting in good faith may complete the accounting for the impacts of the Tax Act under Accounting Standards Codification Topic 740 (“ASC 740”). Per SAB 118, the Company must reflect the income tax effects of the Tax Act in the reporting period in which the accounting under ASC 740 is complete. In accordance with SAB 118, to the extent that a company’s accounting for certain income tax effects of the Tax Act is incomplete, the company can determine a reasonable estimate for those effects and record a provisional estimate in the financial statements in the first reporting period in which a reasonable estimate can be determined. If a company cannot determine a provisional estimate to be included in the financial statements, the company should continue to apply ASC 740 based on the provisions of the tax laws that were in effect immediately prior to the Tax Act being enacted. The impact of the federal tax rate reduction under the Tax Act was recognized in the rate applied to earnings for the fiscal year ended September 30, 2018. The reduction for this period was from 35.0% to 24.5% . The further reduction of the federal tax rate to the statutory tax rate of 21% under the Tax Act is being recognized in the rate applied to earnings for the fiscal year ending September 30, 2019. We recorded a provisional discrete net tax expense of $14.3 related to the Tax Act in the quarter ended December 31, 2017. This net expense includes a benefit of $14.9 due to the remeasurement of our deferred tax items to reflect the impact of the federal tax rate reduction on our net deferred tax liabilities. Furthermore, Hillenbrand is subject to a one-time transition tax on certain unrepatriated earnings of foreign subsidiaries (the “Transition Tax”) as enacted pursuant to the Tax Act. This Transition Tax was imposed on the deferred accumulated earnings of foreign subsidiaries at an effective rate of 15.5% of foreign earnings attributable to cash and cash equivalents, and 8% of the residual foreign earnings. During the fiscal year ended September 30, 2018, we recorded a provisional net expense for the Transition Tax of $24.6 . During the quarter ended December 31, 2018, we completed our determination of the effect of the Transition Tax and, pursuant to SAB 118, we recognized a $0.5 increase to the Transition Tax liability, resulting in a Transition Tax liability of $25.1 . Hillenbrand elected to pay the Transition Tax over eight years and made the first installment payment of $2.0 during the quarter ended December 31, 2018. The remaining Transition Tax liability is included in Other current liabilities ( $2.0 ) and Other long-term liabilities ( $21.1 ) in the Consolidated Balance Sheet at March 31, 2019 . In connection with the Tax Act, we evaluated our future cash deployment needs and revised our permanent reinvestment assertions. While we continue to assert permanent reinvestment for the earnings of certain of our foreign subsidiaries, we recognized an additional $1.3 of deferred tax liability during the quarter ended December 31, 2018, associated with those foreign subsidiaries where we no longer maintain a permanent reinvestment assertion. As noted above, the enactment dates for many of the provisions within the Tax Act were for tax years beginning after December 31, 2017, and as a result, certain provisions were not effective until our current fiscal year ending September 30, 2019. These provisions have been incorporated into the current period tax provision, and include recognizing global intangible low-taxed income and foreign derived intangible income, eliminating U.S. federal income taxes on dividends from foreign subsidiaries, eliminating the domestic production activity deduction, limiting the amount of deductible interest expense, limiting the use of foreign tax credits to reduce the U.S. income tax liability, and limiting the deduction of executive compensation, as well as other provisions.

Earnings Per Share

Earnings Per Share	6 Months Ended
Earnings Per Share	Mar. 31, 2019
Earnings Per Share [Abstract]
Earnings Per Share	The dilutive effects of performance-based stock awards were included in the computation of diluted earnings per share at the level the related performance criteria were met through the respective balance sheet date. At March 31, 2019 and 2018 , potential dilutive effects, representing approximately 400,000 shares at each period, were excluded from the computation of diluted earnings per share as the related performance criteria were not yet met, although we expect to meet various levels of criteria in the future. Three Months Ended Six Months Ended 2019 2018 2019 2018 Net income (loss) (1) $ 38.0 $ (21.9 ) $ 66.3 $ (3.8 ) Weighted average shares outstanding (basic - in millions) 62.9 63.3 62.9 63.5 Effect of dilutive stock options and other unvested equity awards (in millions) 0.5 — 0.5 — Weighted average shares outstanding (diluted - in millions) 63.4 63.3 63.4 63.5 Basic earnings per share $ 0.60 $ (0.34 ) $ 1.05 $ (0.06 ) Diluted earnings per share $ 0.60 $ (0.34 ) $ 1.05 $ (0.06 ) Shares with anti-dilutive effect excluded from the computation of diluted earnings per share (in millions) 1.1 1.2 0.9 1.0 (1) Net income (loss) attributable to Hillenbrand

Other Comprehensive Income (Los

Other Comprehensive Income (Loss)	6 Months Ended
Other Comprehensive Income (Loss)	Mar. 31, 2019
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of reclassifications of AOCI	Other Comprehensive Income (Loss) Pension and Postretirement Currency Translation Net Unrealized Gain (Loss) on Derivative Instruments Total Attributable to Hillenbrand, Inc. Noncontrolling Interests Total Balance at September 30, 2018 $ (41.0 ) $ (44.1 ) $ 0.9 $ (84.2 ) Other comprehensive income before reclassifications Before tax amount — (9.7 ) (11.0 ) (20.7 ) $ 0.2 $ (20.5 ) Tax expense — — 2.6 2.6 — 2.6 After tax amount — (9.7 ) (8.4 ) (18.1 ) 0.2 (17.9 ) Amounts reclassified from accumulated other comprehensive income(1) 0.5 — — 0.5 — 0.5 Net current period other comprehensive income (loss) 0.5 (9.7 ) (8.4 ) (17.6 ) $ 0.2 $ (17.4 ) Balance at March 31, 2019 $ (40.5 ) $ (53.8 ) $ (7.5 ) $ (101.8 ) (1) Amounts are net of tax. Pension and Postretirement Currency Translation Net Unrealized Gain (Loss) on Derivative Instruments Total Attributable to Hillenbrand, Inc. Noncontrolling Interests Total Balance at September 30, 2017 $ (45.3 ) $ (36.9 ) $ 1.0 $ (81.2 ) Other comprehensive income before reclassifications Before tax amount — 21.0 0.8 21.8 $ — $ 21.8 Tax expense — — (0.2 ) (0.2 ) — (0.2 ) After tax amount — 21.0 0.6 21.6 — 21.6 Amounts reclassified from accumulated other comprehensive income(1) 1.4 — (0.3 ) 1.1 — 1.1 Net current period other comprehensive income (loss) 1.4 21.0 0.3 22.7 $ — $ 22.7 Balance at March 31, 2018 $ (43.9 ) $ (15.9 ) $ 1.3 $ (58.5 ) (1) Amounts are net of tax. Reclassifications out of Accumulated Other Comprehensive Income include: Three Months Ended March 31, 2019 Amortization of Pension and (Gain)/Loss on Net Loss Prior Service Costs Derivative Total Affected Line in the Consolidated Statement of Operations: Net revenue $ — $ — $ 0.1 $ 0.1 Cost of goods sold — — (0.1 ) (0.1 ) Operating expenses — — — — Other income (expense), net 0.4 — — 0.4 Total before tax $ 0.4 $ — $ — $ 0.4 Tax expense (0.1 ) Total reclassifications for the period, net of tax $ 0.3 Six Months Ended March 31, 2019 Amortization of Pension and (Gain)/Loss on Net Loss Prior Service Costs Derivative Total Affected Line in the Consolidated Statement of Operations: Net revenue $ — $ — $ 0.2 $ 0.2 Cost of goods sold — — (0.2 ) (0.2 ) Operating expenses — — — — Other income (expense), net 0.7 — — 0.7 Total before tax $ 0.7 $ — $ — $ 0.7 Tax expense (0.2 ) Total reclassifications for the period, net of tax $ 0.5 (1) These accumulated other comprehensive income components are included in the computation of net periodic pension cost (see Note 8). Three Months Ended March 31, 2018 Amortization of Pension and Postretirement (1) (Gain)/Loss on Net Loss Recognized Prior Service Costs Recognized Derivative Instruments Total Affected Line in the Consolidated Statement of Operations: Net revenue $ — $ — $ — $ — Cost of goods sold — — — — Operating expenses — — — — Other income (expense), net 0.9 — — 0.9 Total before tax $ 0.9 $ — $ — $ 0.9 Tax expense (0.2 ) Total reclassifications for the period, net of tax $ 0.7 Six Months Ended March 31, 2018 Amortization of Pension and Postretirement (1) (Gain)/Loss on Net Loss Recognized Prior Service Costs Recognized Derivative Instruments Total Affected Line in the Consolidated Statement of Operations: Net revenue $ — $ — $ (0.4 ) $ (0.4 ) Cost of goods sold — — — — Operating expenses — — — — Other income (expense), net 2.0 — — 2.0 Total before tax $ 2.0 $ — $ (0.4 ) $ 1.6 Tax expense (0.5 ) Total reclassifications for the period, net of tax $ 1.1 (1) These accumulated other comprehensive income components are included in the computation of net periodic pension cost (see Note 8). Reclassifications out of Accumulated Other Comprehensive Income include: Three Months Ended March 31, 2019 Amortization of Pension and (Gain)/Loss on Net Loss Prior Service Costs Derivative Total Affected Line in the Consolidated Statement of Operations: Net revenue $ — $ — $ 0.1 $ 0.1 Cost of goods sold — — (0.1 ) (0.1 ) Operating expenses — — — — Other income (expense), net 0.4 — — 0.4 Total before tax $ 0.4 $ — $ — $ 0.4 Tax expense (0.1 ) Total reclassifications for the period, net of tax $ 0.3 Six Months Ended March 31, 2019 Amortization of Pension and (Gain)/Loss on Net Loss Prior Service Costs Derivative Total Affected Line in the Consolidated Statement of Operations: Net revenue $ — $ — $ 0.2 $ 0.2 Cost of goods sold — — (0.2 ) (0.2 ) Operating expenses — — — — Other income (expense), net 0.7 — — 0.7 Total before tax $ 0.7 $ — $ — $ 0.7 Tax expense (0.2 ) Total reclassifications for the period, net of tax $ 0.5 (1) These accumulated other comprehensive income components are included in the computation of net periodic pension cost (see Note 8). Three Months Ended March 31, 2018 Amortization of Pension and Postretirement (1) (Gain)/Loss on Net Loss Recognized Prior Service Costs Recognized Derivative Instruments Total Affected Line in the Consolidated Statement of Operations: Net revenue $ — $ — $ — $ — Cost of goods sold — — — — Operating expenses — — — — Other income (expense), net 0.9 — — 0.9 Total before tax $ 0.9 $ — $ — $ 0.9 Tax expense (0.2 ) Total reclassifications for the period, net of tax $ 0.7 Six Months Ended March 31, 2018 Amortization of Pension and Postretirement (1) (Gain)/Loss on Net Loss Recognized Prior Service Costs Recognized Derivative Instruments Total Affected Line in the Consolidated Statement of Operations: Net revenue $ — $ — $ (0.4 ) $ (0.4 ) Cost of goods sold — — — — Operating expenses — — — — Other income (expense), net 2.0 — — 2.0 Total before tax $ 2.0 $ — $ (0.4 ) $ 1.6 Tax expense (0.5 ) Total reclassifications for the period, net of tax $ 1.1 (1) These accumulated other comprehensive income components are included in the computation of net periodic pension cost (see Note 8).

Share-Based Compensation

Share-Based Compensation	6 Months Ended
Share-Based Compensation	Mar. 31, 2019
Compensation Related Costs [Abstract]
Share-Based Compensation	Share-Based Compensation Three Months Ended Six Months Ended 2019 2018 2019 2018 Share-based compensation costs $ 3.9 $ 3.9 $ 5.8 $ 6.2 Less impact of income tax benefit 0.9 1.0 1.3 1.6 Share-based compensation costs, net of tax $ 3.0 $ 2.9 $ 4.5 $ 4.6 We have share-based compensation with long-term performance-based metrics that are contingent upon our relative total shareholder return and the creation of shareholder value. Relative total shareholder return is determined by comparing our total shareholder return during a three-year period to the respective total shareholder returns of companies in a designated performance peer group. Creation of shareholder value is measured by the cumulative cash returns and final period net operating profit after tax compared to the established hurdle rate over a three -year period. For the performance-based awards contingent upon the creation of shareholder value, compensation expense is adjusted each quarter based upon actual results to date and any changes to forecasted information on each of the separate grants. During the six months ended March 31, 2019 , we made the following grants: Number of Units Stock options 431,726 Time-based stock awards 23,921 Performance-based stock awards (maximum that can be earned) 334,335 Stock options granted during fiscal 2019 had a weighted-average exercise price of $41.31 and a weighted-average grant date fair value of $10.15 . Our time-based stock awards and performance-based stock awards granted during fiscal 2019 had weighted-average grant date fair values of $41.29 and $41.77 . Included in the performance-based stock awards granted during fiscal 2019 are 181,994 units whose payout level is based upon the Company’s relative total shareholder return over the three -year measurement period, as described above. These units will be expensed on a straight-line basis over the measurement period and are not subsequently adjusted after the grant date.

Other Income (Expense), Net

Other Income (Expense), Net	6 Months Ended
Other Income (Expense), Net	Mar. 31, 2019
Other Nonoperating Income (Expense) [Abstract]
Other Income and Other Expense	Other Income (Expense), Net Three Months Ended Six Months Ended 2019 2018 2019 2018 Equity in net income (loss) of affiliates $ — $ — $ (0.1 ) $ — Foreign currency exchange gain (loss), net 0.1 (0.5 ) 0.5 (0.8 ) Other, net — (0.6 ) 0.2 (0.7 ) Other income (expense), net $ 0.1 $ (1.1 ) $ 0.6 $ (1.5 )

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
Commitments and Contingencies	Mar. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Like most companies, we are involved from time to time in claims, lawsuits, and government proceedings relating to our operations, including environmental, patent infringement, business practices, commercial transactions, product and general liability, workers’ compensation, auto liability, employment, and other matters. The ultimate outcome of these matters cannot be predicted with certainty. An estimated loss from these contingencies is recognized when we believe it is probable that a loss has been incurred and the amount of the loss can be reasonably estimated; however, it is difficult to measure the actual loss that might be incurred related these matters. If a loss is not considered probable and/or cannot be reasonably estimated, we are required to make a disclosure if there is at least a reasonable possibility that a significant loss may have been incurred. Legal fees associated with claims and lawsuits are generally expensed as incurred. Claims covered by insurance have in most instances deductibles and self-funded retentions up to $0.5 per occurrence or per claim, depending upon the type of coverage and policy period. For auto, workers compensation, and general liability, outside insurance companies and third-party claims administrators generally assist in establishing individual claim reserves. An independent outside actuary provides estimates of ultimate projected losses, including incurred but not reported claims, which are used to establish reserves for losses. For all other types of claims, reserves are established based upon advice from internal and external counsel and historical settlement information for claims when such amounts are considered probable of payment. The recorded amounts represent our best estimate of the costs we will incur in relation to such exposures, but it is possible that actual costs will differ from those estimates. Aldrees Litigation In April 2016, Hamad M. Aldrees & Partners Holding Co. for Industry and Mining (Closed Joint Company) (“Aldrees”) filed a lawsuit against Company subsidiary Rotex Europe Limited (“Rotex”) in the High Court of Justice, Queen’s Bench Division, Technology and Construction Court (the “High Court”) in London, England (the “Aldrees Litigation”). The Aldrees Litigation resulted from an agreement made in 2010 for Rotex to supply, among other things, five mineral separating machines. Aldrees alleged breach of contract and misrepresentation by Rotex and was seeking damages of approximately £38.5 . The trial concluded in the third quarter of fiscal 2018 and a final decision was released by the High Court in March 2019 awarding a fraction of the claimed damages to Aldrees. This result did not have a material impact on the Company’s consolidated results of operations, financial position, or cash flows.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
Fair Value Measurements	Mar. 31, 2019
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Fair value is defined as the exit price, or the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants as of the measurement date. The authoritative guidance establishes a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. Observable inputs are from sources independent of the Company. Unobservable inputs reflect the Company’s assumptions about the factors market participants would use in valuing the asset or liability, developed based upon the best information available in the circumstances. The categorization of financial assets and liabilities within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The hierarchy is broken down into three levels: Level 1: Inputs are quoted prices in active markets for identical assets or liabilities. Level 2: Inputs include quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, and inputs (other than quoted prices) that are observable for the asset or liability, either directly or indirectly. Level 3: Inputs are unobservable for the asset or liability. Carrying Value at Fair Value at March 31, 2019 2019 Level 1 Level 2 Level 3 Assets: Cash and cash equivalents $ 58.6 $ 58.6 $ — $ — Investments in rabbi trust 4.0 4.0 — — Derivative instruments 2.2 — 2.2 — Liabilities: $150 senior unsecured notes 149.8 154.0 — — Revolving credit facility 112.6 — 112.6 — $100 Series A Notes 100.0 — 105.4 — Derivative instruments 12.4 — 12.4 — The fair value of the amounts outstanding under the revolving credit facility approximated carrying value at March 31, 2019 . The fair values of the revolving credit facility and Series A Notes were estimated based on internally developed models, using current market interest rate data for similar issues, as there is no active market for our revolving credit facility or Series A Notes. Derivative instruments The Company has hedging programs in place to manage its currency exposures. The objectives of our hedging programs are to mitigate exposures in gross margin and non-functional-currency-denominated assets and liabilities. Under these programs, we use derivative financial instruments to manage the economic impact of fluctuations in currency exchange rates. These include foreign currency exchange forward contracts, which generally have terms up to 24 months. Additionally, the Company has derivative instruments in place to hedge the interest rate associated with $150.0 of ten-year, fixed-rate financing we expect to issue in the future. These derivative instruments terminate in December 2020, if not settled earlier in connection with the underlying expected future financing. Our objectives in using these derivatives are to reduce volatility in future interest expense and to manage our exposure to interest rate movements. The fair values of the Company’s derivative instruments were based upon pricing models using inputs derived from third-party pricing services or observable market data such as currency spot and forward rates. These values are periodically validated by comparing to third-party broker quotes. The aggregate notional value of derivatives was $283.3 at March 31, 2019 . The derivatives are included at fair value in Other current assets, Other current liabilities, and Other long-term liabilities on the Consolidated Balance Sheets.

Segment and Geographical Inform

Segment and Geographical Information	6 Months Ended
Segment and Geographical Information	Mar. 31, 2019
Segment Reporting [Abstract]
Segment and Geographical Information	Segment and Geographical Information Three Months Ended March 31, Six Months Ended March 31, 2019 2018 2019 2018 Net revenue Process Equipment Group $ 326.7 $ 299.8 $ 608.9 $ 564.1 Batesville 137.9 152.4 266.0 285.3 Total $ 464.6 $ 452.2 $ 874.9 $ 849.4 Adjusted EBITDA Process Equipment Group $ 55.5 $ 49.9 $ 101.7 $ 95.5 Batesville 31.6 38.6 58.3 66.5 Corporate (12.2 ) (12.2 ) (21.0 ) (20.5 ) Net revenue (1) United States $ 232.4 $ 246.2 $ 447.2 $ 465.0 Germany 141.6 129.8 252.9 240.2 All other foreign business units 90.6 76.2 174.8 144.2 Total $ 464.6 $ 452.2 $ 874.9 $ 849.4 (1) We attribute revenue to a geography based upon the location of the business unit that consummates the external sale. March 31, September 30, Total assets assigned Process Equipment Group $ 1,667.9 $ 1,638.8 Batesville 187.0 191.8 Corporate 30.6 34.0 Total $ 1,885.5 $ 1,864.6 Tangible long-lived assets, net United States $ 74.3 $ 76.6 Germany 38.6 40.7 All other foreign business units 24.7 24.7 Total $ 137.6 $ 142.0 The following schedule reconciles segment adjusted EBITDA to consolidated net income (loss). Three Months Ended Six Months Ended 2019 2018 2019 2018 Adjusted EBITDA: Process Equipment Group $ 55.5 $ 49.9 $ 101.7 $ 95.5 Batesville 31.6 38.6 58.3 66.5 Corporate (12.2 ) (12.2 ) (21.0 ) (20.5 ) Less: Interest income (0.2 ) (0.3 ) (0.4 ) (0.8 ) Interest expense 5.4 6.0 10.9 12.3 Income tax expense 13.8 13.6 28.3 37.3 Depreciation and amortization 15.1 14.0 29.2 27.8 Impairment charge — 63.4 — 63.4 Business acquisition, development, and integration 0.5 0.2 1.1 2.5 Restructuring and restructuring related 0.7 0.7 1.2 1.2 Inventory step-up 0.1 — 0.2 — Consolidated net income (loss) $ 39.5 $ (21.3 ) $ 68.5 $ (2.2 )

Condensed Consolidating Informa

Condensed Consolidating Information	6 Months Ended
Condensed Consolidating Information	Mar. 31, 2019
Condensed Financial Information Disclosure [Abstract]
Condensed Consolidating Information	Condensed Consolidating Information Certain 100% owned domestic subsidiaries of Hillenbrand fully and unconditionally, jointly and severally, agreed to guarantee all of the indebtedness and guarantee obligations relating to our obligations under our senior unsecured notes. The following are the condensed consolidating financial statements, including the guarantors, which present the statements of income, balance sheets, and cash flows of (i) the parent holding company, (ii) the guarantor subsidiaries, (iii) the non-guarantor subsidiaries, and (iv) eliminations necessary to present the information for Hillenbrand on a consolidated basis. Condensed Consolidating Statements of Income Three Months Ended March 31, 2019 Three Months Ended March 31, 2018 Parent Guarantors Non- Guarantors Eliminations Consolidated Parent Guarantors Non- Guarantors Eliminations Consolidated Net revenue $ — $ 230.6 $ 294.1 $ (60.1 ) $ 464.6 $ — $ 250.9 $ 256.4 $ (55.1 ) $ 452.2 Cost of goods sold — 126.8 210.0 (33.1 ) 303.7 — 129.7 181.0 (27.1 ) 283.6 Gross profit — 103.8 84.1 (27.0 ) 160.9 — 121.2 75.4 (28.0 ) 168.6 Operating expenses 13.7 60.9 46.1 (27.0 ) 93.7 13.6 64.8 47.9 (28.0 ) 98.3 Amortization expense — 3.4 5.2 — 8.6 — 3.2 4.3 — 7.5 Impairment charge — — — — — — 63.4 — — 63.4 Interest expense 4.7 0.1 0.6 — 5.4 5.3 — 0.7 — 6.0 Other income (expense), net (0.2 ) (0.1 ) 0.4 — 0.1 (0.1 ) (0.2 ) (0.8 ) — (1.1 ) Equity in net income (loss) of subsidiaries 51.4 3.5 — (54.9 ) — (5.1 ) 1.8 — 3.3 — Income (loss) before income taxes 32.8 42.8 32.6 (54.9 ) 53.3 (24.1 ) (8.6 ) 21.7 3.3 (7.7 ) Income tax expense (benefit) (5.2 ) 10.6 8.4 — 13.8 (2.2 ) 9.4 6.4 — 13.6 Consolidated net income (loss) 38.0 32.2 24.2 (54.9 ) 39.5 (21.9 ) (18.0 ) 15.3 3.3 (21.3 ) Less: Net income attributable to noncontrolling interests — — 1.5 — 1.5 — — 0.6 — 0.6 Net income (loss) (1) $ 38.0 $ 32.2 $ 22.7 $ (54.9 ) $ 38.0 $ (21.9 ) $ (18.0 ) $ 14.7 $ 3.3 $ (21.9 ) Consolidated comprehensive income (loss) $ 30.5 $ 32.4 $ 19.6 $ (50.5 ) $ 32.0 $ (5.9 ) $ (17.6 ) $ 30.1 $ (12.0 ) $ (5.4 ) Less: Comprehensive income attributable to noncontrolling interests — — 1.5 — 1.5 — — 0.5 — 0.5 Comprehensive income (loss) (2) $ 30.5 $ 32.4 $ 18.1 $ (50.5 ) $ 30.5 $ (5.9 ) $ (17.6 ) $ 29.6 $ (12.0 ) $ (5.9 ) Six Months Ended March 31, 2019 Six Months Ended March 31, 2018 Parent Guarantors Non- Guarantors Eliminations Consolidated Parent Guarantors Non- Guarantors Eliminations Consolidated Net revenue $ — $ 446.7 $ 541.9 $ (113.7 ) $ 874.9 $ — $ 469.1 $ 485.5 $ (105.2 ) $ 849.4 Cost of goods sold — 242.6 384.4 (60.0 ) 567.0 — 244.8 341.1 (51.3 ) 534.6 Gross profit — 204.1 157.5 (53.7 ) 307.9 — 224.3 144.4 (53.9 ) 314.8 Operating expenses 23.9 122.3 91.9 (53.7 ) 184.4 24.5 126.4 90.4 (53.9 ) 187.4 Amortization expense — 6.7 9.7 — 16.4 — 6.7 8.4 — 15.1 Impairment charge — — — — — — 63.4 — — 63.4 Interest expense 9.2 0.1 1.6 — 10.9 11.1 — 1.2 — 12.3 Other income (expense), net (0.5 ) (0.1 ) 1.2 — 0.6 (0.4 ) 0.3 (1.4 ) — (1.5 ) Equity in net income (loss) of subsidiaries 93.4 5.7 — (99.1 ) — 32.3 3.2 — (35.5 ) — Income (loss) before income taxes 59.8 80.6 55.5 (99.1 ) 96.8 (3.7 ) 31.3 43.0 (35.5 ) 35.1 Income tax expense (benefit) (6.5 ) 20.5 14.3 — 28.3 0.1 24.9 12.3 — 37.3 Consolidated net income (loss) 66.3 60.1 41.2 (99.1 ) 68.5 (3.8 ) 6.4 30.7 (35.5 ) (2.2 ) Less: Net income attributable to noncontrolling interests — — 2.2 — 2.2 — — 1.6 — 1.6 Net income (loss) (1) $ 66.3 $ 60.1 $ 39.0 $ (99.1 ) $ 66.3 $ (3.8 ) $ 6.4 $ 29.1 $ (35.5 ) $ (3.8 ) Consolidated comprehensive income (loss) $ 48.7 $ 60.2 $ 31.4 $ (89.2 ) $ 51.1 $ 18.9 $ 7.3 $ 51.4 $ (57.1 ) $ 20.5 Less: Comprehensive income attributable to noncontrolling interests — — 2.4 — 2.4 — — 1.6 — 1.6 Comprehensive income (loss) (2) $ 48.7 $ 60.2 $ 29.0 $ (89.2 ) $ 48.7 $ 18.9 $ 7.3 $ 49.8 $ (57.1 ) $ 18.9 (1) Net income (loss) attributable to Hillenbrand (2) Comprehensive income (loss) attributable to Hillenbrand Condensed Consolidating Balance Sheets March 31, 2019 September 30, 2018 Parent Guarantors Non- Guarantors Eliminations Consolidated Parent Guarantors Non- Guarantors Eliminations Consolidated Cash and cash equivalents $ 0.2 $ 5.3 $ 53.1 $ — $ 58.6 $ 1.1 $ 5.8 $ 49.1 $ — $ 56.0 Trade receivables, net — 105.7 93.8 — 199.5 — 124.5 94.0 — 218.5 Receivables from long-term manufacturing contracts — 8.4 156.4 — 164.8 — 5.3 115.0 — 120.3 Inventories — 82.9 103.0 (2.9 ) 183.0 — 76.7 98.6 (2.8 ) 172.5 Prepaid expense 2.9 7.7 13.5 — 24.1 2.7 7.0 15.5 — 25.2 Intercompany receivables — 1,130.9 49.1 (1,180.0 ) — — 1,131.1 79.1 (1,210.2 ) — Other current assets — 1.9 18.1 0.4 20.4 — 3.2 14.6 0.3 18.1 Total current assets 3.1 1,342.8 487.0 (1,182.5 ) 650.4 3.8 1,353.6 465.9 (1,212.7 ) 610.6 Property, plant and equipment, net 3.6 58.9 75.1 — 137.6 3.8 60.2 78.0 — 142.0 Intangible assets, net 2.8 188.6 285.9 — 477.3 3.2 196.0 288.1 — 487.3 Goodwill — 225.0 358.0 — 583.0 — 225.0 356.9 — 581.9 Investment in consolidated subsidiaries 2,290.8 668.0 — (2,958.8 ) — 2,263.1 653.9 — (2,917.0 ) — Other assets 27.1 26.5 1.9 (18.3 ) 37.2 15.7 28.2 5.9 (7.0 ) 42.8 Total Assets $ 2,327.4 $ 2,509.8 $ 1,207.9 $ (4,159.6 ) $ 1,885.5 $ 2,289.6 $ 2,516.9 $ 1,194.8 $ (4,136.7 ) $ 1,864.6 Trade accounts payable $ 0.2 $ 62.9 $ 144.6 $ — $ 207.7 $ — $ 62.4 $ 134.4 $ — $ 196.8 Liabilities from long-term manufacturing contracts and advances — 24.6 100.5 — 125.1 — 26.6 99.3 — 125.9 Accrued compensation 3.9 13.6 38.0 — 55.5 7.2 20.1 44.6 — 71.9 Intercompany payables 1,176.6 6.3 — (1,182.9 ) — 1,206.2 6.1 — (1,212.3 ) — Other current liabilities 22.8 47.4 58.3 (11.0 ) 117.5 19.4 38.9 78.1 0.7 137.1 Total current liabilities 1,203.5 154.8 341.4 (1,193.9 ) 505.8 1,232.8 154.1 356.4 (1,211.6 ) 531.7 Long-term debt 333.6 — 28.1 — 361.7 300.2 — 44.4 — 344.6 Accrued pension and postretirement healthcare 0.7 29.1 84.8 — 114.6 0.7 29.8 90.0 — 120.5 Deferred income taxes — 26.6 59.7 (6.9 ) 79.4 0.7 22.9 60.9 (8.1 ) 76.4 Other long-term liabilities 32.8 12.5 8.6 — 53.9 24.1 14.3 8.9 — 47.3 Total Liabilities 1,570.6 223.0 522.6 (1,200.8 ) 1,115.4 1,558.5 221.1 560.6 (1,219.7 ) 1,120.5 Total Hillenbrand Shareholders’ Equity 756.8 2,286.8 672.0 (2,958.8 ) 756.8 731.1 2,295.8 621.2 (2,917.0 ) 731.1 Noncontrolling interests — — 13.3 — 13.3 — — 13.0 — 13.0 Total Equity 756.8 2,286.8 685.3 (2,958.8 ) 770.1 731.1 2,295.8 634.2 (2,917.0 ) 744.1 Total Liabilities and Equity $ 2,327.4 $ 2,509.8 $ 1,207.9 $ (4,159.6 ) $ 1,885.5 $ 2,289.6 $ 2,516.9 $ 1,194.8 $ (4,136.7 ) $ 1,864.6 Condensed Consolidating Statements of Cash Flow Six Months Ended March 31, 2019 Six Months Ended March 31, 2018 Parent Guarantors Non- Guarantors Eliminations Consolidated Parent Guarantors Non- Guarantors Eliminations Consolidated Net cash provided by (used in) operating activities $ (4.7 ) $ 103.0 $ 54.6 $ (106.4 ) $ 46.5 $ 143.6 $ 125.0 $ (82.8 ) $ (124.3 ) $ 61.5 Investing activities: Capital expenditures (0.4 ) (3.6 ) (4.3 ) — (8.3 ) (1.4 ) (5.0 ) (4.2 ) — (10.6 ) Acquisition of business, net of cash acquired — — (26.2 ) — (26.2 ) — — — — — Other, net — 0.1 — — 0.1 — 0.1 — — 0.1 Net cash used in investing activities (0.4 ) (3.5 ) (30.5 ) — (34.4 ) (1.4 ) (4.9 ) (4.2 ) — (10.5 ) Financing activities: Repayments on term loan — — — — — (148.5 ) — — — (148.5 ) Proceeds from revolving credit facilities, net of financing costs 164.0 — 178.0 — 342.0 445.7 — 256.1 — 701.8 Repayments on revolving credit facilities (130.8 ) (193.0 ) — (323.8 ) (379.2 ) — (163.6 ) — (542.8 ) Payment of dividends - intercompany — (100.0 ) (6.4 ) 106.4 — — (118.3 ) (6.0 ) 124.3 — Payment of dividends on common stock (26.2 ) — — — (26.2 ) (26.2 ) — — — (26.2 ) Repurchases of common stock — — — — — (38.9 ) — — — (38.9 ) Proceeds from stock option exercises and other 1.4 — — — 1.4 9.3 — — — 9.3 Payments for employee taxes on net settlement equity awards (4.2 ) — — (4.2 ) (4.1 ) — — — (4.1 ) Other, net — — (0.5 ) — (0.5 ) — — (1.0 ) — (1.0 ) Net cash (used in) provided by financing activities 4.2 (100.0 ) (21.9 ) 106.4 (11.3 ) (141.9 ) (118.3 ) 85.5 124.3 (50.4 ) Effect of exchange rates on cash and cash equivalents — — 2.1 — 2.1 — — 1.7 — 1.7 Net cash flow (0.9 ) (0.5 ) 4.3 — 2.9 0.3 1.8 0.2 — 2.3 Cash, cash equivalents and restricted cash at beginning of period 1.1 5.8 49.6 — 56.5 0.1 5.0 61.6 — 66.7 Cash, cash equivalents and restricted cash at end of period $ 0.2 $ 5.3 $ 53.9 $ — $ 59.4 $ 0.4 $ 6.8 $ 61.8 $ — $ 69.0

Restructuring

Restructuring	6 Months Ended
Restructuring	Mar. 31, 2019
Restructuring and Related Activities [Abstract]
Restructuring	Restructuring The following schedule details the restructuring charges by segment and the classification of those charges on the income statement. Three Months Ended March 31, 2019 Three Months Ended March 31, 2018 Cost of goods sold Operating expenses Total Cost of goods sold Operating expenses Total Process Equipment Group $ 0.2 $ — $ 0.2 $ (0.1 ) $ — $ (0.1 ) Batesville 0.1 0.4 0.5 — 0.2 0.2 Corporate — — — — 0.7 0.7 Total $ 0.3 $ 0.4 $ 0.7 $ (0.1 ) $ 0.9 $ 0.8 Six Months Ended March 31, 2019 Six Months Ended March 31, 2018 Cost of goods sold Operating expenses Total Cost of goods sold Operating expenses Total Process Equipment Group $ 0.4 $ 0.1 $ 0.5 $ (0.1 ) $ 0.2 $ 0.1 Batesville 0.2 0.5 0.7 — 0.2 0.2 Corporate — — — — 0.6 0.6 Total $ 0.6 $ 0.6 $ 1.2 $ (0.1 ) $ 1.0 $ 0.9 The charges related primarily to severance costs. At March 31, 2019 , $ 0.7 of restructuring costs were accrued and expected to be paid in fiscal 2019 .

Revenue Recognition Revenue Rec

Revenue Recognition Revenue Recognition (Policies)	6 Months Ended
Revenue Recognition Revenue Recognition (Policies)	Mar. 31, 2019
ASU 2014-09 Transition [Abstract]
Revenue Recognition, Policy [Policy Text Block]	3. Revenue Recognition We adopted ASC 606, Revenue from Contracts with Customers , on October 1, 2018. As a result, we have changed our accounting policy for revenue recognition as detailed below. Net revenue includes gross revenue less sales discounts, customer rebates, sales incentives, and product returns, all of which require us to make estimates for the portion of these allowances that have yet to be credited or paid to our customers. We estimate these allowances using the expected value method, which is based upon historical rates and projections of customer purchases toward contractual rebate thresholds.
Revenue Recognition, Percentage-of-Completion Method [Policy Text Block]	Performance Obligations & Contract Estimates The Process Equipment Group designs, engineers, manufactures, markets, and services differentiated process and material handling equipment and systems for a wide variety of industries. A large portion of our revenue across the Process Equipment Group is derived from manufactured equipment, which may be standard, customized to meet customer specifications, or turnkey. Our contracts with customers in the Process Equipment Group segment often include multiple performance obligations. Performance obligations are promises in a contract to transfer a distinct good or service to the customer, and are the basis for determining how revenue is recognized. For instance, a contract may include obligations to deliver equipment, installation services, and spare parts. We frequently have contracts for which the equipment and the installation services, as well as highly engineered or specialized spare parts, are all considered a single performance obligation, as in these instances the installation services and/or spare parts are not separately identifiable. However, due to the varying nature of equipment and contracts across the Process Equipment Group, we also have contracts where the installation services and/or spare parts are deemed to be separately identifiable and are therefore deemed to be distinct performance obligations. A contract’s transaction price is allocated to each distinct performance obligation based on its respective stand-alone selling price, and recognized as revenue when, or as, the performance obligation is satisfied. When a distinct performance obligation is not sold separately, the value of the standalone selling price is estimated considering all reasonably available information. When an obligation is distinct, as defined in ASC 606, we allocate a portion of the contract price to the obligation and recognize it separately from the other performance obligations. The timing of revenue recognition for each performance obligation is either over time or at a point in time. We recognize revenue over time for contracts that have an enforceable right to collect payment for performance completed to-date upon customer cancellation and provide one or more of the following: (i) service over a period of time, (ii) highly customized equipment, or (iii) parts which are highly engineered and have no alternative use. Revenue generated from standard equipment and highly customized equipment or parts contracts without an enforceable right to payment for performance completed to-date, as well as non-specialized parts sales and sales of death care products, is recognized at a point in time. We use the input method of “cost-to-cost” to recognize revenue over time. Accounting for these contracts involves management judgment in estimating total contract revenue and cost. Contract revenues are largely determined by negotiated contract prices and quantities, modified by our assumptions regarding contract options, change orders, and incentive and award provisions associated with technical performance clauses. Contract costs are incurred over longer periods of time and, accordingly, the estimation of these costs requires judgment. We measure progress based on costs incurred to date relative to total estimated cost at completion. Incurred cost represents work performed, which corresponds with, and we believe thereby best depicts, the transfer of control to the customer. Contract costs include labor, material, and certain overhead expenses. Cost estimates are based on various assumptions to project the outcome of future events, including labor productivity and availability, the complexity of the work to be performed, the cost of materials, and the performance of subcontractors. Significant factors that influence these estimates include inflationary trends, technical and schedule risk, internal and subcontractor performance trends, business volume assumptions, asset utilization, and anticipated labor agreements. Revenue and cost estimates are regularly monitored and revised based on changes in circumstances. Anticipated losses on long-term contracts are recognized immediately when such losses become evident. We maintain financial controls over the customer qualification, contract pricing, and estimation processes to reduce the risk of contract losses. Stand-alone service revenue is recognized either over time proportionately over the period of the underlying contract or as invoiced, depending on the terms of the arrangement. Stand-alone service revenue is not material to the Company. For the Process Equipment Group and Batesville segment products where revenue is recognized at a point in time, we recognize it when our customers take control of the asset. We define this as the point in time at which the customer has the capability of full beneficial use of the asset as intended per the contract.
Revenue Recognition, Deferred Revenue [Policy Text Block]	Contract balances In the Process Equipment Group segment, the Company requires an advance deposit based on the terms and conditions of contracts with customers for many of its contracts. Payment terms generally require an upfront payment at the start of the contract, and the remaining payments during the contract or within a certain number of days of delivery. Typically, revenue is recognized within one year of receiving an advance deposit. For contracts where an advance payment is received greater than one year from expected revenue recognition, or a portion of the payment due extends beyond one year, the Company has determined it does not constitute a significant financing component. The timing of revenue recognition, billings, and cash collections can result in customer receivables, advance payments, and billings in excess of revenue recognized. Customer receivables include amounts billed and currently due from customers and are included in Trade receivables, net, as well as unbilled amounts (contract assets) which are included in Receivables from long-term manufacturing contracts on our Consolidated Balance Sheets. Amounts are billed in accordance with contractual terms or as work progresses in accordance with contractual terms. Unbilled amounts arise when the timing of billing differs from the timing of revenue recognized, such as when contract provisions require specific milestones to be met before a customer can be billed. Unbilled amounts primarily relate to performance obligations satisfied over time when the cost-to-cost method is used and the revenue recognized exceeds the amount billed to the customer as there is not yet a right to payment in accordance with contractual terms. Unbilled amounts are recorded as a contract asset when the revenue associated with the contract is recognized prior to billing and derecognized when billed in accordance with the terms of the contract. Trade receivables are recorded at face amounts and represent the amounts we believe to be collectible. The Company maintains allowances for doubtful accounts for estimated losses as a result of customers’ inability to make required payments. Management evaluates the aging of the customer receivable balances, the financial condition of its customers, historical trends and the time outstanding of specific balances to estimate the amount of customer receivables that may not be collected in the future, and records the appropriate provision. Advance payments and billings in excess of revenue recognized are included in Liabilities from long-term manufacturing contracts and advances on our Consolidated Balance Sheets. Advance payments and billings in excess of revenue recognized represent contract liabilities and are recorded when customers remit contractual cash payments in advance of us satisfying performance obligations under contractual arrangements, including those with performance obligations satisfied over time. Billings in excess of revenue recognized primarily relate to performance obligations satisfied over time when the cost-to-cost method is used and revenue cannot yet be recognized as the Company has not completed the corresponding performance obligation. Contract liabilities are derecognized when revenue is recognized and the performance obligation is satisfied. The balance in Receivables from long-term manufacturing contracts at March 31, 2019 and September 30, 2018 was $164.8 and $120.3 . The change was driven by the adoption of ASC 606 ( $3.0 ) and the impact of net revenue recognized prior to billings ( $41.5 ). The balance in the Liabilities from long-term manufacturing contracts and advances at March 31, 2019 and September 30, 2018 was $125.1 and $125.9 and consists primarily of cash payments received or due in advance of satisfying our performance obligations. The revenue recognized for the six months ended March 31, 2019 related to Liabilities from long-term manufacturing contracts and advances as of September 30, 2018 was $107.0 . During the six months ended March 31, 2019 , the adjustments related to performance obligations satisfied in previous periods were immaterial. Costs incurred to obtain a customer contract are not material to the Company. The Company elected to apply the practical expedient to not capitalize contract costs to obtain contracts with a duration of one year or less, which are expensed as incurred. Transaction price allocated to the remaining performance obligations As of March 31, 2019 , the aggregate amount of transaction price of remaining performance obligations, which corresponds to backlog as defined in Item 2 of this Form 10-Q, for the Company was $960.5 . Approximately 85% of these obligations are expected to be satisfied over the next twelve months, and the remaining performance obligations, primarily within one to three years.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Mar. 31, 2019
Accounting Policies [Abstract]
Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block]	Beginning in 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (“ASC 606”) , plus a number of related ASUs designed to clarify and interpret ASC 606. The new standard requires entities to recognize revenue in a way that depicts the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The new standard supersedes U.S. GAAP guidance on revenue recognition and requires the use of more estimates than the previously effective standards. It also requires significant disclosures sufficient to enable users to understand the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers, including qualitative and quantitative disclosures about contracts with customers, significant judgments and changes in judgments, and assets recognized from the costs to obtain or fulfill a contract. The new standard became effective for our fiscal year beginning on October 1, 2018 and was adopted on a modified retrospective basis. The Company elected the practical expedient and only evaluated contracts for which substantially all revenue had not been recognized under ASC Topic 605, with the cumulative effect of the new guidance recorded as of the date of initial application. The primary changes from the adoption of ASC 606 resulted from certain performance obligations that were previously recognized at a point in time that are now recognized over time. The cumulative effect of the changes made to the Consolidated Balance Sheet as of October 1, 2018 for the adoption of ASC 606 was as follows: Balance at September 30, 2018 Adjustments due to ASC 606 Balance at October 1, 2018 Assets Receivables from long-term manufacturing contracts $ 120.3 $ 1.9 $ 122.2 Inventories 172.5 (1.6 ) 170.9 Liabilities Deferred income taxes $ 76.4 $ 0.1 $ 76.5 Shareholders’ Equity Retained earnings $ 531.0 $ 0.2 $ 531.2 The following tables summarize the impacts of adopting ASC 606 on the Company’s consolidated financial statements as of and for the three and six months ended March 31, 2019 . Consolidated Statements of Income: Three Months Ended March 31, 2019 Six Months Ended March 31, 2019 As Reported Adjustments Due to ASC 606 Balances without Adoption As Reported Adjustments Due to ASC 606 Balances without Adoption Net revenue $ 464.6 $ (0.1 ) $ 464.5 $ 874.9 $ (1.1 ) $ 873.8 Cost of goods sold 303.7 (0.1 ) 303.6 567.0 (1.0 ) 566.0 Gross profit 160.9 — 160.9 307.9 (0.1 ) 307.8 Income before income taxes 53.3 — 53.3 96.8 (0.1 ) 96.7 Consolidated net income 39.5 — 39.5 68.5 (0.1 ) 68.4 Consolidated Balance Sheet: March 31, 2019 As Reported Adjustments Due to ASC 606 Balances without Adoption Assets Receivables from long-term manufacturing contracts $ 164.8 $ (3.0 ) $ 161.8 Inventories 183.0 2.7 185.7 Liabilities Deferred income taxes $ 79.4 $ (0.1 ) $ 79.3 Shareholders’ Equity Retained earnings $ 571.1 $ (0.2 ) $ 570.9 The Company has elected the following as a result of adopting the new standard on revenue recognition: • Hillenbrand elected not to adjust the promised amount of consideration for the effects of the time value of money for contracts in which the anticipated period between when Hillenbrand transfers the goods or services to the customer and when the customer pays is equal to one year or less. • Hillenbrand elected to account for shipping and handling activities that occur after the customer has obtained control of a good as fulfillment activities rather than as a promised service. • Taxes assessed by a governmental authority that are both imposed on and concurrent with a specific revenue-producing transaction, and that are collected by the Company from a customer, are excluded from revenue.

Revenue Recognition Revenue R_2

Revenue Recognition Revenue Recognition (Tables)	6 Months Ended
Revenue Recognition Revenue Recognition (Tables)	Mar. 31, 2019
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue [Table Text Block]	Disaggregation of revenue Three Months Ended March 31, 2019 Six Months Ended March 31, 2019 Process Equipment Group Batesville Total Process Equipment Group Batesville Total Revenue by End Market Plastics $ 202.2 $ — $ 202.2 $ 363.1 $ — $ 363.1 Chemicals 22.9 — 22.9 52.5 — 52.5 Food & Pharmaceuticals 24.4 — 24.4 40.9 — 40.9 Minerals & Mining 22.2 — 22.2 50.2 — 50.2 Water & Wastewater 7.7 — 7.7 17.2 — 17.2 Death Care — 137.9 137.9 — 266.0 266.0 Other 47.3 — 47.3 85.0 — 85.0 Total $ 326.7 $ 137.9 $ 464.6 $ 608.9 $ 266.0 $ 874.9 Three Months Ended March 31, 2019 Six Months Ended March 31, 2019 Process Equipment Group Batesville Total Process Equipment Group Batesville Total Products and Services Equipment $ 227.6 $ — $ 227.6 $ 411.0 $ — $ 411.0 Parts and Services 99.1 — 99.1 197.9 — 197.9 Death Care — 137.9 137.9 — 266.0 266.0 Total $ 326.7 $ 137.9 $ 464.6 $ 608.9 $ 266.0 $ 874.9 Three Months Ended March 31, 2019 Six Months Ended March 31, 2019 Process Equipment Group Batesville Total Process Equipment Group Batesville Total Timing of Transfer Point in Time $ 176.8 $ 137.9 $ 314.7 $ 340.5 $ 266.0 $ 606.5 Over Time 149.9 — 149.9 268.4 — 268.4 Total $ 326.7 $ 137.9 $ 464.6 $ 608.9 $ 266.0 $ 874.9

Supplemental Balance Sheet In_2

Supplemental Balance Sheet Information (Tables)	6 Months Ended
Supplemental Balance Sheet Information (Tables)	Mar. 31, 2019
Balance Sheet Related Disclosures [Abstract]
Schedule of supplemental balance sheet information	March 31, September 30, Trade accounts receivable reserves $ 21.0 $ 22.2 Accumulated depreciation on property, plant, and equipment $ 310.6 $ 303.8 Inventories: Raw materials and components $ 71.3 $ 68.3 Work in process 49.5 44.7 Finished goods 62.2 59.5 Total inventories $ 183.0 $ 172.5

Intangible Assets and Goodwil_2

Intangible Assets and Goodwill (Tables)	6 Months Ended
Intangible Assets and Goodwill (Tables)	Mar. 31, 2019
Schedule of Intangible Assets [Line Items]
Schedule of Intangible Assets [Table Text Block]	March 31, 2019 September 30, 2018 Cost Accumulated Amortization Cost Accumulated Amortization Finite-lived assets: Trade names $ 0.2 $ (0.2 ) $ 0.2 $ (0.2 ) Customer relationships 469.2 (158.8 ) 464.5 (148.4 ) Technology, including patents 78.2 (47.3 ) 79.6 (45.1 ) Software 58.5 (50.6 ) 58.0 (48.9 ) Other 2.8 (1.7 ) 0.2 (0.2 ) 608.9 (258.6 ) 602.5 (242.8 ) Indefinite-lived assets: Trade names 127.0 — 127.6 — Total $ 735.9 $ (258.6 ) $ 730.1 $ (242.8 )
Schedule of Goodwill [Table Text Block]	Process Equipment Group Batesville Total Balance September 30, 2018 $ 573.6 $ 8.3 $ 581.9 Acquisition 9.1 — 9.1 Foreign currency adjustments (8.0 ) — (8.0 ) Balance March 31, 2019 $ 574.7 $ 8.3 $ 583.0

Financing Agreements (Tables)

Financing Agreements (Tables)	6 Months Ended
Financing Agreements (Tables)	Mar. 31, 2019
Debt Instrument [Line Items]
Schedule of borrowings under financing agreements	Financing Agreements March 31, September 30, $900 revolving credit facility (excluding outstanding letters of credit) $ 112.6 $ 95.7 $150 senior unsecured notes, net of discount (1) 149.5 149.3 $100 Series A Notes (2) 99.6 99.6 Other 1.7 — Total debt 363.4 344.6 Less: current portion (3) 1.7 — Total long-term debt $ 361.7 $ 344.6 (1) Includes debt issuance costs of $0.3 and $0.4 at March 31, 2019 and September 30, 2018. (2) Includes debt issuance costs of $0.4 and $0.4 at March 31, 2019 and September 30, 2018. (3) Included in Other current liabilities in the Consolidated Balance Sheets.

Retirement Benefits (Tables)

Retirement Benefits (Tables)	6 Months Ended
Retirement Benefits (Tables)	Mar. 31, 2019
Defined Benefit Plan [Abstract]
Components of net pension costs	U.S. Pension Benefits Non-U.S. Pension Benefits Three Months Ended March 31, Three Months Ended March 31, 2019 2018 2019 2018 Service costs $ 0.6 $ 0.7 $ 0.4 $ 0.4 Interest costs 2.5 2.1 0.3 0.3 Expected return on plan assets (3.3 ) (3.5 ) (0.2 ) (0.1 ) Amortization of unrecognized prior service costs, net 0.1 0.1 — — Amortization of net loss 0.2 0.8 0.3 0.3 Net pension costs $ 0.1 $ 0.2 $ 0.8 $ 0.9 U.S. Pension Benefits Non-U.S. Pension Benefits Six Months Ended March 31, Six Months Ended March 31, 2019 2018 2019 2018 Service costs $ 1.2 $ 1.4 $ 0.7 $ 1.0 Interest costs 5.1 4.3 0.6 0.6 Expected return on plan assets (6.6 ) (7.0 ) (0.3 ) (0.3 ) Amortization of unrecognized prior service costs, net 0.1 0.1 — — Amortization of net loss 0.4 1.6 0.5 0.5 Net pension costs $ 0.2 $ 0.4 $ 1.5 $ 1.8

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
Earnings Per Share (Tables)	Mar. 31, 2019
Earnings Per Share [Abstract]
Schedule of computation of basic and diluted earnings per share	Three Months Ended Six Months Ended 2019 2018 2019 2018 Net income (loss) (1) $ 38.0 $ (21.9 ) $ 66.3 $ (3.8 ) Weighted average shares outstanding (basic - in millions) 62.9 63.3 62.9 63.5 Effect of dilutive stock options and other unvested equity awards (in millions) 0.5 — 0.5 — Weighted average shares outstanding (diluted - in millions) 63.4 63.3 63.4 63.5 Basic earnings per share $ 0.60 $ (0.34 ) $ 1.05 $ (0.06 ) Diluted earnings per share $ 0.60 $ (0.34 ) $ 1.05 $ (0.06 ) Shares with anti-dilutive effect excluded from the computation of diluted earnings per share (in millions) 1.1 1.2 0.9 1.0 (1) Net income (loss) attributable to Hillenbrand

Other Comprehensive Income (L_2

Other Comprehensive Income (Loss) (Tables)	6 Months Ended
Other Comprehensive Income (Loss) (Tables)	Mar. 31, 2019
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of changes in accumulated other comprehensive income (loss) by component	Pension and Postretirement Currency Translation Net Unrealized Gain (Loss) on Derivative Instruments Total Attributable to Hillenbrand, Inc. Noncontrolling Interests Total Balance at September 30, 2017 $ (45.3 ) $ (36.9 ) $ 1.0 $ (81.2 ) Other comprehensive income before reclassifications Before tax amount — 21.0 0.8 21.8 $ — $ 21.8 Tax expense — — (0.2 ) (0.2 ) — (0.2 ) After tax amount — 21.0 0.6 21.6 — 21.6 Amounts reclassified from accumulated other comprehensive income(1) 1.4 — (0.3 ) 1.1 — 1.1 Net current period other comprehensive income (loss) 1.4 21.0 0.3 22.7 $ — $ 22.7 Balance at March 31, 2018 $ (43.9 ) $ (15.9 ) $ 1.3 $ (58.5 ) (1) Amounts are net of tax.
Schedule of reclassifications of AOCI	Other Comprehensive Income (Loss) Pension and Postretirement Currency Translation Net Unrealized Gain (Loss) on Derivative Instruments Total Attributable to Hillenbrand, Inc. Noncontrolling Interests Total Balance at September 30, 2018 $ (41.0 ) $ (44.1 ) $ 0.9 $ (84.2 ) Other comprehensive income before reclassifications Before tax amount — (9.7 ) (11.0 ) (20.7 ) $ 0.2 $ (20.5 ) Tax expense — — 2.6 2.6 — 2.6 After tax amount — (9.7 ) (8.4 ) (18.1 ) 0.2 (17.9 ) Amounts reclassified from accumulated other comprehensive income(1) 0.5 — — 0.5 — 0.5 Net current period other comprehensive income (loss) 0.5 (9.7 ) (8.4 ) (17.6 ) $ 0.2 $ (17.4 ) Balance at March 31, 2019 $ (40.5 ) $ (53.8 ) $ (7.5 ) $ (101.8 ) (1) Amounts are net of tax. Pension and Postretirement Currency Translation Net Unrealized Gain (Loss) on Derivative Instruments Total Attributable to Hillenbrand, Inc. Noncontrolling Interests Total Balance at September 30, 2017 $ (45.3 ) $ (36.9 ) $ 1.0 $ (81.2 ) Other comprehensive income before reclassifications Before tax amount — 21.0 0.8 21.8 $ — $ 21.8 Tax expense — — (0.2 ) (0.2 ) — (0.2 ) After tax amount — 21.0 0.6 21.6 — 21.6 Amounts reclassified from accumulated other comprehensive income(1) 1.4 — (0.3 ) 1.1 — 1.1 Net current period other comprehensive income (loss) 1.4 21.0 0.3 22.7 $ — $ 22.7 Balance at March 31, 2018 $ (43.9 ) $ (15.9 ) $ 1.3 $ (58.5 ) (1) Amounts are net of tax. Reclassifications out of Accumulated Other Comprehensive Income include: Three Months Ended March 31, 2019 Amortization of Pension and (Gain)/Loss on Net Loss Prior Service Costs Derivative Total Affected Line in the Consolidated Statement of Operations: Net revenue $ — $ — $ 0.1 $ 0.1 Cost of goods sold — — (0.1 ) (0.1 ) Operating expenses — — — — Other income (expense), net 0.4 — — 0.4 Total before tax $ 0.4 $ — $ — $ 0.4 Tax expense (0.1 ) Total reclassifications for the period, net of tax $ 0.3 Six Months Ended March 31, 2019 Amortization of Pension and (Gain)/Loss on Net Loss Prior Service Costs Derivative Total Affected Line in the Consolidated Statement of Operations: Net revenue $ — $ — $ 0.2 $ 0.2 Cost of goods sold — — (0.2 ) (0.2 ) Operating expenses — — — — Other income (expense), net 0.7 — — 0.7 Total before tax $ 0.7 $ — $ — $ 0.7 Tax expense (0.2 ) Total reclassifications for the period, net of tax $ 0.5 (1) These accumulated other comprehensive income components are included in the computation of net periodic pension cost (see Note 8). Three Months Ended March 31, 2018 Amortization of Pension and Postretirement (1) (Gain)/Loss on Net Loss Recognized Prior Service Costs Recognized Derivative Instruments Total Affected Line in the Consolidated Statement of Operations: Net revenue $ — $ — $ — $ — Cost of goods sold — — — — Operating expenses — — — — Other income (expense), net 0.9 — — 0.9 Total before tax $ 0.9 $ — $ — $ 0.9 Tax expense (0.2 ) Total reclassifications for the period, net of tax $ 0.7 Six Months Ended March 31, 2018 Amortization of Pension and Postretirement (1) (Gain)/Loss on Net Loss Recognized Prior Service Costs Recognized Derivative Instruments Total Affected Line in the Consolidated Statement of Operations: Net revenue $ — $ — $ (0.4 ) $ (0.4 ) Cost of goods sold — — — — Operating expenses — — — — Other income (expense), net 2.0 — — 2.0 Total before tax $ 2.0 $ — $ (0.4 ) $ 1.6 Tax expense (0.5 ) Total reclassifications for the period, net of tax $ 1.1 (1) These accumulated other comprehensive income components are included in the computation of net periodic pension cost (see Note 8). Reclassifications out of Accumulated Other Comprehensive Income include: Three Months Ended March 31, 2019 Amortization of Pension and (Gain)/Loss on Net Loss Prior Service Costs Derivative Total Affected Line in the Consolidated Statement of Operations: Net revenue $ — $ — $ 0.1 $ 0.1 Cost of goods sold — — (0.1 ) (0.1 ) Operating expenses — — — — Other income (expense), net 0.4 — — 0.4 Total before tax $ 0.4 $ — $ — $ 0.4 Tax expense (0.1 ) Total reclassifications for the period, net of tax $ 0.3 Six Months Ended March 31, 2019 Amortization of Pension and (Gain)/Loss on Net Loss Prior Service Costs Derivative Total Affected Line in the Consolidated Statement of Operations: Net revenue $ — $ — $ 0.2 $ 0.2 Cost of goods sold — — (0.2 ) (0.2 ) Operating expenses — — — — Other income (expense), net 0.7 — — 0.7 Total before tax $ 0.7 $ — $ — $ 0.7 Tax expense (0.2 ) Total reclassifications for the period, net of tax $ 0.5 (1) These accumulated other comprehensive income components are included in the computation of net periodic pension cost (see Note 8). Three Months Ended March 31, 2018 Amortization of Pension and Postretirement (1) (Gain)/Loss on Net Loss Recognized Prior Service Costs Recognized Derivative Instruments Total Affected Line in the Consolidated Statement of Operations: Net revenue $ — $ — $ — $ — Cost of goods sold — — — — Operating expenses — — — — Other income (expense), net 0.9 — — 0.9 Total before tax $ 0.9 $ — $ — $ 0.9 Tax expense (0.2 ) Total reclassifications for the period, net of tax $ 0.7 Six Months Ended March 31, 2018 Amortization of Pension and Postretirement (1) (Gain)/Loss on Net Loss Recognized Prior Service Costs Recognized Derivative Instruments Total Affected Line in the Consolidated Statement of Operations: Net revenue $ — $ — $ (0.4 ) $ (0.4 ) Cost of goods sold — — — — Operating expenses — — — — Other income (expense), net 2.0 — — 2.0 Total before tax $ 2.0 $ — $ (0.4 ) $ 1.6 Tax expense (0.5 ) Total reclassifications for the period, net of tax $ 1.1 (1) These accumulated other comprehensive income components are included in the computation of net periodic pension cost (see Note 8).

Share-Based Compensation (Table

Share-Based Compensation (Tables)	6 Months Ended
Share-Based Compensation (Tables)	Mar. 31, 2019
Compensation Related Costs [Abstract]
Schedule of stock-based compensation costs	2
Schedule of stock-based awards granted in the period	During the six months ended March 31, 2019 , we made the following grants: Number of Units Stock options 431,726 Time-based stock awards 23,921 Performance-based stock awards (maximum that can be earned) 334,335

Other Income (Expense), Net (Ta

Other Income (Expense), Net (Tables)	6 Months Ended
Other Income (Expense), Net (Tables)	Mar. 31, 2019
Other Nonoperating Income (Expense) [Abstract]
Other income and expense	Three Months Ended Six Months Ended 2019 2018 2019 2018 Equity in net income (loss) of affiliates $ — $ — $ (0.1 ) $ — Foreign currency exchange gain (loss), net 0.1 (0.5 ) 0.5 (0.8 ) Other, net — (0.6 ) 0.2 (0.7 ) Other income (expense), net $ 0.1 $ (1.1 ) $ 0.6 $ (1.5 )

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
Fair Value Measurements (Tables)	Mar. 31, 2019
Fair Value Disclosures [Abstract]
Schedule of financial assets and liabilities at carrying value and fair value and the level within the fair value hierarchy	Carrying Value at Fair Value at March 31, 2019 2019 Level 1 Level 2 Level 3 Assets: Cash and cash equivalents $ 58.6 $ 58.6 $ — $ — Investments in rabbi trust 4.0 4.0 — — Derivative instruments 2.2 — 2.2 — Liabilities: $150 senior unsecured notes 149.8 154.0 — — Revolving credit facility 112.6 — 112.6 — $100 Series A Notes 100.0 — 105.4 — Derivative instruments 12.4 — 12.4 —

Segment and Geographical Info_2

Segment and Geographical Information (Tables)	6 Months Ended
Segment and Geographical Information (Tables)	Mar. 31, 2019
Segment Reporting [Abstract]
Schedule of net revenue, adjusted EBITDA, and depreciation and amortization by segment and geographic location	Three Months Ended March 31, Six Months Ended March 31, 2019 2018 2019 2018 Net revenue Process Equipment Group $ 326.7 $ 299.8 $ 608.9 $ 564.1 Batesville 137.9 152.4 266.0 285.3 Total $ 464.6 $ 452.2 $ 874.9 $ 849.4 Adjusted EBITDA Process Equipment Group $ 55.5 $ 49.9 $ 101.7 $ 95.5 Batesville 31.6 38.6 58.3 66.5 Corporate (12.2 ) (12.2 ) (21.0 ) (20.5 ) Net revenue (1) United States $ 232.4 $ 246.2 $ 447.2 $ 465.0 Germany 141.6 129.8 252.9 240.2 All other foreign business units 90.6 76.2 174.8 144.2 Total $ 464.6 $ 452.2 $ 874.9 $ 849.4 (1) We attribute revenue to a geography based upon the location of the business unit that consummates the external sale.
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block]	March 31, September 30, Total assets assigned Process Equipment Group $ 1,667.9 $ 1,638.8 Batesville 187.0 191.8 Corporate 30.6 34.0 Total $ 1,885.5 $ 1,864.6 Tangible long-lived assets, net United States $ 74.3 $ 76.6 Germany 38.6 40.7 All other foreign business units 24.7 24.7 Total $ 137.6 $ 142.0
Schedule of reconciliation of segment adjusted EBITDA to consolidated net income	The following schedule reconciles segment adjusted EBITDA to consolidated net income (loss). Three Months Ended Six Months Ended 2019 2018 2019 2018 Adjusted EBITDA: Process Equipment Group $ 55.5 $ 49.9 $ 101.7 $ 95.5 Batesville 31.6 38.6 58.3 66.5 Corporate (12.2 ) (12.2 ) (21.0 ) (20.5 ) Less: Interest income (0.2 ) (0.3 ) (0.4 ) (0.8 ) Interest expense 5.4 6.0 10.9 12.3 Income tax expense 13.8 13.6 28.3 37.3 Depreciation and amortization 15.1 14.0 29.2 27.8 Impairment charge — 63.4 — 63.4 Business acquisition, development, and integration 0.5 0.2 1.1 2.5 Restructuring and restructuring related 0.7 0.7 1.2 1.2 Inventory step-up 0.1 — 0.2 — Consolidated net income (loss) $ 39.5 $ (21.3 ) $ 68.5 $ (2.2 )

Condensed Consolidating Infor_2

Condensed Consolidating Information (Tables)	6 Months Ended
Condensed Consolidating Information (Tables)	Mar. 31, 2019
Condensed Financial Information Disclosure [Abstract]
Schedule of condensed consolidating statements of income	Three Months Ended March 31, 2019 Three Months Ended March 31, 2018 Parent Guarantors Non- Guarantors Eliminations Consolidated Parent Guarantors Non- Guarantors Eliminations Consolidated Net revenue $ — $ 230.6 $ 294.1 $ (60.1 ) $ 464.6 $ — $ 250.9 $ 256.4 $ (55.1 ) $ 452.2 Cost of goods sold — 126.8 210.0 (33.1 ) 303.7 — 129.7 181.0 (27.1 ) 283.6 Gross profit — 103.8 84.1 (27.0 ) 160.9 — 121.2 75.4 (28.0 ) 168.6 Operating expenses 13.7 60.9 46.1 (27.0 ) 93.7 13.6 64.8 47.9 (28.0 ) 98.3 Amortization expense — 3.4 5.2 — 8.6 — 3.2 4.3 — 7.5 Impairment charge — — — — — — 63.4 — — 63.4 Interest expense 4.7 0.1 0.6 — 5.4 5.3 — 0.7 — 6.0 Other income (expense), net (0.2 ) (0.1 ) 0.4 — 0.1 (0.1 ) (0.2 ) (0.8 ) — (1.1 ) Equity in net income (loss) of subsidiaries 51.4 3.5 — (54.9 ) — (5.1 ) 1.8 — 3.3 — Income (loss) before income taxes 32.8 42.8 32.6 (54.9 ) 53.3 (24.1 ) (8.6 ) 21.7 3.3 (7.7 ) Income tax expense (benefit) (5.2 ) 10.6 8.4 — 13.8 (2.2 ) 9.4 6.4 — 13.6 Consolidated net income (loss) 38.0 32.2 24.2 (54.9 ) 39.5 (21.9 ) (18.0 ) 15.3 3.3 (21.3 ) Less: Net income attributable to noncontrolling interests — — 1.5 — 1.5 — — 0.6 — 0.6 Net income (loss) (1) $ 38.0 $ 32.2 $ 22.7 $ (54.9 ) $ 38.0 $ (21.9 ) $ (18.0 ) $ 14.7 $ 3.3 $ (21.9 ) Consolidated comprehensive income (loss) $ 30.5 $ 32.4 $ 19.6 $ (50.5 ) $ 32.0 $ (5.9 ) $ (17.6 ) $ 30.1 $ (12.0 ) $ (5.4 ) Less: Comprehensive income attributable to noncontrolling interests — — 1.5 — 1.5 — — 0.5 — 0.5 Comprehensive income (loss) (2) $ 30.5 $ 32.4 $ 18.1 $ (50.5 ) $ 30.5 $ (5.9 ) $ (17.6 ) $ 29.6 $ (12.0 ) $ (5.9 ) Six Months Ended March 31, 2019 Six Months Ended March 31, 2018 Parent Guarantors Non- Guarantors Eliminations Consolidated Parent Guarantors Non- Guarantors Eliminations Consolidated Net revenue $ — $ 446.7 $ 541.9 $ (113.7 ) $ 874.9 $ — $ 469.1 $ 485.5 $ (105.2 ) $ 849.4 Cost of goods sold — 242.6 384.4 (60.0 ) 567.0 — 244.8 341.1 (51.3 ) 534.6 Gross profit — 204.1 157.5 (53.7 ) 307.9 — 224.3 144.4 (53.9 ) 314.8 Operating expenses 23.9 122.3 91.9 (53.7 ) 184.4 24.5 126.4 90.4 (53.9 ) 187.4 Amortization expense — 6.7 9.7 — 16.4 — 6.7 8.4 — 15.1 Impairment charge — — — — — — 63.4 — — 63.4 Interest expense 9.2 0.1 1.6 — 10.9 11.1 — 1.2 — 12.3 Other income (expense), net (0.5 ) (0.1 ) 1.2 — 0.6 (0.4 ) 0.3 (1.4 ) — (1.5 ) Equity in net income (loss) of subsidiaries 93.4 5.7 — (99.1 ) — 32.3 3.2 — (35.5 ) — Income (loss) before income taxes 59.8 80.6 55.5 (99.1 ) 96.8 (3.7 ) 31.3 43.0 (35.5 ) 35.1 Income tax expense (benefit) (6.5 ) 20.5 14.3 — 28.3 0.1 24.9 12.3 — 37.3 Consolidated net income (loss) 66.3 60.1 41.2 (99.1 ) 68.5 (3.8 ) 6.4 30.7 (35.5 ) (2.2 ) Less: Net income attributable to noncontrolling interests — — 2.2 — 2.2 — — 1.6 — 1.6 Net income (loss) (1) $ 66.3 $ 60.1 $ 39.0 $ (99.1 ) $ 66.3 $ (3.8 ) $ 6.4 $ 29.1 $ (35.5 ) $ (3.8 ) Consolidated comprehensive income (loss) $ 48.7 $ 60.2 $ 31.4 $ (89.2 ) $ 51.1 $ 18.9 $ 7.3 $ 51.4 $ (57.1 ) $ 20.5 Less: Comprehensive income attributable to noncontrolling interests — — 2.4 — 2.4 — — 1.6 — 1.6 Comprehensive income (loss) (2) $ 48.7 $ 60.2 $ 29.0 $ (89.2 ) $ 48.7 $ 18.9 $ 7.3 $ 49.8 $ (57.1 ) $ 18.9 (1) Net income (loss) attributable to Hillenbrand (2) Comprehensive income (loss) attributable to Hillenbrand
Schedule of condensed consolidating balance sheets	March 31, 2019 September 30, 2018 Parent Guarantors Non- Guarantors Eliminations Consolidated Parent Guarantors Non- Guarantors Eliminations Consolidated Cash and cash equivalents $ 0.2 $ 5.3 $ 53.1 $ — $ 58.6 $ 1.1 $ 5.8 $ 49.1 $ — $ 56.0 Trade receivables, net — 105.7 93.8 — 199.5 — 124.5 94.0 — 218.5 Receivables from long-term manufacturing contracts — 8.4 156.4 — 164.8 — 5.3 115.0 — 120.3 Inventories — 82.9 103.0 (2.9 ) 183.0 — 76.7 98.6 (2.8 ) 172.5 Prepaid expense 2.9 7.7 13.5 — 24.1 2.7 7.0 15.5 — 25.2 Intercompany receivables — 1,130.9 49.1 (1,180.0 ) — — 1,131.1 79.1 (1,210.2 ) — Other current assets — 1.9 18.1 0.4 20.4 — 3.2 14.6 0.3 18.1 Total current assets 3.1 1,342.8 487.0 (1,182.5 ) 650.4 3.8 1,353.6 465.9 (1,212.7 ) 610.6 Property, plant and equipment, net 3.6 58.9 75.1 — 137.6 3.8 60.2 78.0 — 142.0 Intangible assets, net 2.8 188.6 285.9 — 477.3 3.2 196.0 288.1 — 487.3 Goodwill — 225.0 358.0 — 583.0 — 225.0 356.9 — 581.9 Investment in consolidated subsidiaries 2,290.8 668.0 — (2,958.8 ) — 2,263.1 653.9 — (2,917.0 ) — Other assets 27.1 26.5 1.9 (18.3 ) 37.2 15.7 28.2 5.9 (7.0 ) 42.8 Total Assets $ 2,327.4 $ 2,509.8 $ 1,207.9 $ (4,159.6 ) $ 1,885.5 $ 2,289.6 $ 2,516.9 $ 1,194.8 $ (4,136.7 ) $ 1,864.6 Trade accounts payable $ 0.2 $ 62.9 $ 144.6 $ — $ 207.7 $ — $ 62.4 $ 134.4 $ — $ 196.8 Liabilities from long-term manufacturing contracts and advances — 24.6 100.5 — 125.1 — 26.6 99.3 — 125.9 Accrued compensation 3.9 13.6 38.0 — 55.5 7.2 20.1 44.6 — 71.9 Intercompany payables 1,176.6 6.3 — (1,182.9 ) — 1,206.2 6.1 — (1,212.3 ) — Other current liabilities 22.8 47.4 58.3 (11.0 ) 117.5 19.4 38.9 78.1 0.7 137.1 Total current liabilities 1,203.5 154.8 341.4 (1,193.9 ) 505.8 1,232.8 154.1 356.4 (1,211.6 ) 531.7 Long-term debt 333.6 — 28.1 — 361.7 300.2 — 44.4 — 344.6 Accrued pension and postretirement healthcare 0.7 29.1 84.8 — 114.6 0.7 29.8 90.0 — 120.5 Deferred income taxes — 26.6 59.7 (6.9 ) 79.4 0.7 22.9 60.9 (8.1 ) 76.4 Other long-term liabilities 32.8 12.5 8.6 — 53.9 24.1 14.3 8.9 — 47.3 Total Liabilities 1,570.6 223.0 522.6 (1,200.8 ) 1,115.4 1,558.5 221.1 560.6 (1,219.7 ) 1,120.5 Total Hillenbrand Shareholders’ Equity 756.8 2,286.8 672.0 (2,958.8 ) 756.8 731.1 2,295.8 621.2 (2,917.0 ) 731.1 Noncontrolling interests — — 13.3 — 13.3 — — 13.0 — 13.0 Total Equity 756.8 2,286.8 685.3 (2,958.8 ) 770.1 731.1 2,295.8 634.2 (2,917.0 ) 744.1 Total Liabilities and Equity $ 2,327.4 $ 2,509.8 $ 1,207.9 $ (4,159.6 ) $ 1,885.5 $ 2,289.6 $ 2,516.9 $ 1,194.8 $ (4,136.7 ) $ 1,864.6
Schedule of condensed consolidating statements of cash flows	Six Months Ended March 31, 2019 Six Months Ended March 31, 2018 Parent Guarantors Non- Guarantors Eliminations Consolidated Parent Guarantors Non- Guarantors Eliminations Consolidated Net cash provided by (used in) operating activities $ (4.7 ) $ 103.0 $ 54.6 $ (106.4 ) $ 46.5 $ 143.6 $ 125.0 $ (82.8 ) $ (124.3 ) $ 61.5 Investing activities: Capital expenditures (0.4 ) (3.6 ) (4.3 ) — (8.3 ) (1.4 ) (5.0 ) (4.2 ) — (10.6 ) Acquisition of business, net of cash acquired — — (26.2 ) — (26.2 ) — — — — — Other, net — 0.1 — — 0.1 — 0.1 — — 0.1 Net cash used in investing activities (0.4 ) (3.5 ) (30.5 ) — (34.4 ) (1.4 ) (4.9 ) (4.2 ) — (10.5 ) Financing activities: Repayments on term loan — — — — — (148.5 ) — — — (148.5 ) Proceeds from revolving credit facilities, net of financing costs 164.0 — 178.0 — 342.0 445.7 — 256.1 — 701.8 Repayments on revolving credit facilities (130.8 ) (193.0 ) — (323.8 ) (379.2 ) — (163.6 ) — (542.8 ) Payment of dividends - intercompany — (100.0 ) (6.4 ) 106.4 — — (118.3 ) (6.0 ) 124.3 — Payment of dividends on common stock (26.2 ) — — — (26.2 ) (26.2 ) — — — (26.2 ) Repurchases of common stock — — — — — (38.9 ) — — — (38.9 ) Proceeds from stock option exercises and other 1.4 — — — 1.4 9.3 — — — 9.3 Payments for employee taxes on net settlement equity awards (4.2 ) — — (4.2 ) (4.1 ) — — — (4.1 ) Other, net — — (0.5 ) — (0.5 ) — — (1.0 ) — (1.0 ) Net cash (used in) provided by financing activities 4.2 (100.0 ) (21.9 ) 106.4 (11.3 ) (141.9 ) (118.3 ) 85.5 124.3 (50.4 ) Effect of exchange rates on cash and cash equivalents — — 2.1 — 2.1 — — 1.7 — 1.7 Net cash flow (0.9 ) (0.5 ) 4.3 — 2.9 0.3 1.8 0.2 — 2.3 Cash, cash equivalents and restricted cash at beginning of period 1.1 5.8 49.6 — 56.5 0.1 5.0 61.6 — 66.7 Cash, cash equivalents and restricted cash at end of period $ 0.2 $ 5.3 $ 53.9 $ — $ 59.4 $ 0.4 $ 6.8 $ 61.8 $ — $ 69.0

Restructuring Schedule of restr

Restructuring Schedule of restructuring charges by line and segment (Tables)	6 Months Ended
	Mar. 31, 2019
Restructuring and Related Activities [Abstract]
Restructuring and Related Costs [Table Text Block]	The following schedule details the restructuring charges by segment and the classification of those charges on the income statement. Three Months Ended March 31, 2019 Three Months Ended March 31, 2018 Cost of goods sold Operating expenses Total Cost of goods sold Operating expenses Total Process Equipment Group $ 0.2 $ — $ 0.2 $ (0.1 ) $ — $ (0.1 ) Batesville 0.1 0.4 0.5 — 0.2 0.2 Corporate — — — — 0.7 0.7 Total $ 0.3 $ 0.4 $ 0.7 $ (0.1 ) $ 0.9 $ 0.8

Background and Basis of Prese_2

Background and Basis of Presentation - Narrative (Details)	6 Months Ended
Background and Basis of Presentation - Narrative (Details)	Mar. 31, 2019segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of reportable segments	2
Acquired entity subsidiary investments owned percent	100.00%

Summary of Significant Accoun_3

Summary of Significant Accounting Policies Summary of Significant Accounting Policies (Details) - USD ($) $ in Millions	Mar. 31, 2019	Oct. 01, 2018	Sep. 30, 2018
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Receivables from long-term manufacturing contracts	$ 164.8	$ 122.2	$ 120.3
Inventories	183	170.9	172.5
Deferred Income Tax Liabilities, Net	79.4		76.4
Deferred income taxes	79.4	76.5	76.4
Retained earnings	571.1	531.2	531
Difference between Revenue Guidance in Effect before and after Topic 606 [Member]
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Receivables from long-term manufacturing contracts	(3)	1.9
Inventories	2.7	(1.6)
Deferred Income Tax Liabilities, Net	(0.1)
Deferred income taxes		0.1
Retained earnings	(0.2)	$ 0.2
Calculated under Revenue Guidance in Effect before Topic 606 [Member]
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Receivables from long-term manufacturing contracts	161.8		120.3
Inventories	185.7		172.5
Deferred Income Tax Liabilities, Net	79.3
Deferred income taxes			76.4
Retained earnings	$ 570.9		$ 531

Summary of Significant Accoun_4

Summary of Significant Accounting Policies Revenue Recognition - Impact on Income Statement (Details) - USD ($) $ in Millions	3 Months Ended				6 Months Ended
	Mar. 31, 2019		Mar. 31, 2018		Mar. 31, 2019	Mar. 31, 2018
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net revenue	$ 464.6	[1]	$ 452.2	[1]	$ 874.9	$ 849.4
Cost of Goods and Services Sold	303.7		283.6		567	534.6
Gross profit	160.9		168.6		307.9	314.8
Operating expenses	93.7		98.3		184.4	187.4
Income before income taxes	53.3		(7.7)		96.8	35.1
Income tax expense	13.8		13.6		28.3	37.3
Consolidated net income (loss)	39.5		$ (21.3)		68.5	$ (2.2)
Difference between Revenue Guidance in Effect before and after Topic 606 [Member]
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net revenue	(0.1)				(1.1)
Cost of Goods and Services Sold	(0.1)				(1)
Gross profit	0				(0.1)
Operating expenses	0				0
Income before income taxes	0				(0.1)
Income tax expense	0				0
Consolidated net income (loss)	0				(0.1)
Calculated under Revenue Guidance in Effect before Topic 606 [Member]
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net revenue	464.5				873.8
Cost of Goods and Services Sold	303.6				566
Gross profit	160.9				307.8
Operating expenses	93.7				184.4
Income before income taxes	53.3				96.7
Income tax expense	13.8				28.3
Consolidated net income (loss)	$ 39.5				$ 68.4

[1]	We attribute revenue to a geography based upon the location of the business unit that consummates the external sale.

Summary of Significant Accoun_5

Summary of Significant Accounting Policies Improving the Presentation of Net Periodic Pension Cost (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Mar. 31, 2018	Mar. 31, 2019	Mar. 31, 2018
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
2017 Periodic Pension Cost Restatement		$ 0.2
Accounting Standards Update 2017-07 [Member] \| Cost of Goods, Total [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
2017 Periodic Pension Cost Restatement	$ (0.1)		$ 0.2
Accounting Standards Update 2017-07 [Member] \| Operating expense
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
2017 Periodic Pension Cost Restatement			$ 0.1

Revenue Recognition Revenue R_3

Revenue Recognition Revenue Recognition (Details) - USD ($)	6 Months Ended
Revenue Recognition Revenue Recognition (Details) - USD ($)	Mar. 31, 2019	Oct. 01, 2018	Sep. 30, 2018
Revenue Recognition and Deferred Revenue [Abstract]
Receivables from long-term manufacturing contracts	$ 164,800,000	$ 122,200,000	$ 120,300,000
Increase (Decrease) in Contract with Customer, Asset	3
Contract with Customer Asset Increase in Revenue	41.5
Liabilities from long-term manufacturing contracts and advances	125,100,000		$ 125,900,000
Contract with Customer, Liability, Revenue Recognized	107
Revenue, Remaining Performance Obligation, Amount	$ 960,451,000
Revenue, Remaining Performance Obligation, Percentage	85.00%

Revenue Recognition Revenue by

Revenue Recognition Revenue by End Market (Details) - USD ($) $ in Millions	3 Months Ended				6 Months Ended
	Mar. 31, 2019		Mar. 31, 2018		Mar. 31, 2019	Mar. 31, 2018
Disaggregation of Revenue [Line Items]
Net revenue	$ 464.6	[1]	$ 452.2	[1]	$ 874.9	$ 849.4
Plastics [Member]
Disaggregation of Revenue [Line Items]
Net revenue	202.2				363.1
Chemicals [Member]
Disaggregation of Revenue [Line Items]
Net revenue	22.9				52.5
Food & Pharmaceuticals [Member]
Disaggregation of Revenue [Line Items]
Net revenue	24.4				40.9
Minerals & Mining [Member]
Disaggregation of Revenue [Line Items]
Net revenue	22.2				50.2
Water & Wastewater [Member]
Disaggregation of Revenue [Line Items]
Net revenue	7.7				17.2
Death Care [Member]
Disaggregation of Revenue [Line Items]
Net revenue	137.9				266
Other End Markets [Member]
Disaggregation of Revenue [Line Items]
Net revenue	47.3				85
Process Equipment Group
Disaggregation of Revenue [Line Items]
Net revenue	326.7				608.9
Process Equipment Group \| Plastics [Member]
Disaggregation of Revenue [Line Items]
Net revenue	202.2				363.1
Process Equipment Group \| Chemicals [Member]
Disaggregation of Revenue [Line Items]
Net revenue	22.9				52.5
Process Equipment Group \| Food & Pharmaceuticals [Member]
Disaggregation of Revenue [Line Items]
Net revenue	24.4				40.9
Process Equipment Group \| Minerals & Mining [Member]
Disaggregation of Revenue [Line Items]
Net revenue	22.2				50.2
Process Equipment Group \| Water & Wastewater [Member]
Disaggregation of Revenue [Line Items]
Net revenue	7.7				17.2
Process Equipment Group \| Other End Markets [Member]
Disaggregation of Revenue [Line Items]
Net revenue	47.3				85
Batesville
Disaggregation of Revenue [Line Items]
Net revenue	137.9		$ 152.4		266	$ 285.3
Batesville \| Death Care [Member]
Disaggregation of Revenue [Line Items]
Net revenue	$ 137.9				$ 266

[1]	We attribute revenue to a geography based upon the location of the business unit that consummates the external sale.

Revenue Recognition Product and

Revenue Recognition Product and Services (Details) - USD ($) $ in Millions	3 Months Ended				6 Months Ended
	Mar. 31, 2019		Mar. 31, 2018		Mar. 31, 2019	Mar. 31, 2018
Disaggregation of Revenue [Line Items]
Net revenue	$ 464.6	[1]	$ 452.2	[1]	$ 874.9	$ 849.4
Equipment [Member]
Disaggregation of Revenue [Line Items]
Net revenue	227.6				411
Replacement Parts [Member]
Disaggregation of Revenue [Line Items]
Net revenue	99.1				197.9
Death Care [Member]
Disaggregation of Revenue [Line Items]
Net revenue	137.9				266
Process Equipment Group
Disaggregation of Revenue [Line Items]
Net revenue	326.7				608.9
Process Equipment Group \| Equipment [Member]
Disaggregation of Revenue [Line Items]
Net revenue	227.6				411
Process Equipment Group \| Replacement Parts [Member]
Disaggregation of Revenue [Line Items]
Net revenue	99.1				197.9
Batesville
Disaggregation of Revenue [Line Items]
Net revenue	137.9		$ 152.4		266	$ 285.3
Batesville \| Death Care [Member]
Disaggregation of Revenue [Line Items]
Net revenue	$ 137.9				$ 266

[1]	We attribute revenue to a geography based upon the location of the business unit that consummates the external sale.

Revenue Recognition Timing of T

Revenue Recognition Timing of Transfer (Details) - USD ($) $ in Millions	3 Months Ended				6 Months Ended
	Mar. 31, 2019		Mar. 31, 2018		Mar. 31, 2019	Mar. 31, 2018
Disaggregation of Revenue [Line Items]
Net revenue	$ 464.6	[1]	$ 452.2	[1]	$ 874.9	$ 849.4
Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Net revenue	149.9				268.4
Transferred over Time [Member]
Disaggregation of Revenue [Line Items]
Net revenue	314.7				606.5
Process Equipment Group
Disaggregation of Revenue [Line Items]
Net revenue	326.7				608.9
Process Equipment Group \| Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Net revenue	149.9				268.4
Process Equipment Group \| Transferred over Time [Member]
Disaggregation of Revenue [Line Items]
Net revenue	176.8				340.5
Batesville
Disaggregation of Revenue [Line Items]
Net revenue	137.9		$ 152.4		266	$ 285.3
Batesville \| Transferred over Time [Member]
Disaggregation of Revenue [Line Items]
Net revenue	$ 137.9				$ 266

[1]	We attribute revenue to a geography based upon the location of the business unit that consummates the external sale.

Business Acquisitions (Details)

Business Acquisitions (Details) $ in Millions	6 Months Ended
Business Acquisitions (Details) $ in Millions	Mar. 31, 2019USD ($)
Burnaby Machine & Mill Equipment Ltd. [Member]
Business Acquisition [Line Items]
Payments to Acquire Businesses, Gross	$ 26.2
Goodwill, Acquired During Period	9
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles	14
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets	3
$900 revolving credit facility (excluding outstanding letters of credit)
Business Acquisition [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	741.6
Trade Names [Member] \| Burnaby Machine & Mill Equipment Ltd. [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles	1
Order or Production Backlog [Member] \| Burnaby Machine & Mill Equipment Ltd. [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles	3
Customer Relationships [Member] \| Burnaby Machine & Mill Equipment Ltd. [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles	$ 10

Supplemental Balance Sheet In_3

Supplemental Balance Sheet Information - Schedule of supplemental balance sheet information (Details) - USD ($)	Mar. 31, 2019	Oct. 01, 2018	Sep. 30, 2018	Mar. 31, 2018
Balance Sheet Related Disclosures [Abstract]
Short-term restricted cash included in other current assets	$ 800,000		$ 500,000	$ 500,000
Trade accounts receivable reserves	21,000,000		22,200,000
Accumulated depreciation on property, plant, and equipment	310,600,000		303,800,000
Inventories:
Raw materials and components	71,300,000		68,300,000
Work in process	49,500,000		44,700,000
Finished goods	62,200,000		59,500,000
Total inventories	$ 183,000,000	$ 170,900,000	$ 172,500,000

Intangible Assets and Goodwil_3

Intangible Assets and Goodwill Intangible Assets (Details) - USD ($)	3 Months Ended	6 Months Ended		12 Months Ended
	Mar. 31, 2019	Mar. 31, 2019	Mar. 31, 2018	Sep. 30, 2018
Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	$ 608,900,000	$ 608,900,000		$ 602,500,000
Finite-Lived Intangible Assets, Accumulated Amortization	258,600,000	258,600,000		242,800,000
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)			$ 4,600,000
Intangible Assets, Gross (Excluding Goodwill)	735,900,000			730,100,000
Trade Names [Member]
Intangible Assets [Line Items]
Indefinite-lived Intangible Assets (Excluding Goodwill)	127,000,000	$ 127,000,000		127,600,000
After Tax [Member]
Intangible Assets [Line Items]
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)			$ 3,500,000
Minimum
Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life		3 years
Maximum
Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life		21 years
Trade Names [Member]
Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	200,000	$ 200,000		200,000
Finite-Lived Intangible Assets, Accumulated Amortization	200,000	200,000		200,000
Customer Relationships [Member]
Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	469,200,000	469,200,000		464,500,000
Finite-Lived Intangible Assets, Accumulated Amortization	158,800,000	158,800,000		148,400,000
Technology-Based Intangible Assets [Member]
Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	78,200,000	78,200,000		79,600,000
Finite-Lived Intangible Assets, Accumulated Amortization	47,300,000	47,300,000		45,100,000
Computer Software, Intangible Asset [Member]
Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	58,500,000	58,500,000		58,000,000
Finite-Lived Intangible Assets, Accumulated Amortization	50,600,000	50,600,000		48,900,000
Other Intangible Assets [Member]
Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	2,800,000	2,800,000		200,000
Finite-Lived Intangible Assets, Accumulated Amortization	1,700,000	1,700,000		$ 200,000
Burnaby Machine & Mill Equipment Ltd. [Member]
Intangible Assets [Line Items]
Indefinite-lived Intangible Assets (Excluding Goodwill)	$ 14,000,000	$ 14,000,000

Intangible Assets and Goodwil_4

Intangible Assets and Goodwill Goodwill (Details) - USD ($)	3 Months Ended	6 Months Ended
Intangible Assets and Goodwill Goodwill (Details) - USD ($)	Mar. 31, 2019	Mar. 31, 2019	Mar. 31, 2018	Sep. 30, 2018
Goodwill [Line Items]
Goodwill, Impairment Loss			$ 58,800,000
Goodwill	$ 583,000,000	$ 583,000,000		$ 581,900,000
Goodwill, Purchase Accounting Adjustments		9,100,000
Goodwill, Foreign Currency Translation Gain (Loss)	(8,000,000)
Process Equipment Group
Goodwill [Line Items]
Goodwill	574,700,000	574,700,000		573,600,000
Goodwill, Purchase Accounting Adjustments		9,100,000
Goodwill, Foreign Currency Translation Gain (Loss)	(8,000,000)
Batesville Services Inc [Member]
Goodwill [Line Items]
Goodwill	8,300,000	8,300,000		$ 8,300,000
Goodwill, Purchase Accounting Adjustments		$ 0
Goodwill, Foreign Currency Translation Gain (Loss)	$ 0

Financing Agreements - Schedule

Financing Agreements - Schedule of borrowings (Details) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Mar. 31, 2019USD ($)	Mar. 31, 2018	Mar. 31, 2019USD ($)	Mar. 31, 2018	Sep. 30, 2018USD ($)	Dec. 15, 2014
Debt Instrument [Line Items]
Total debt	$ 363.4		$ 363.4		$ 344.6
Other Long-term Debt, Current	1.7		1.7		0
Long-term debt	$ 361.7		$ 361.7		$ 344.6
Debt Instrument, Covenant Holiday, Maximum Ratio of Indebtedness to Earnings before Interest, Taxes, Depreciation, and Amortization					3.5
$900 revolving credit facility (excluding outstanding letters of credit)
Debt Instrument [Line Items]
Debt Instrument, Interest Rate During Period	2.73%	2.03%	2.57%	1.82%
Total debt	$ 112.6		$ 112.6		$ 95.7
$150 senior unsecured notes, net of discount (1)
Debt Instrument [Line Items]
Total debt	149.5		149.5		149.3
$100 Series A Notes (2)
Debt Instrument [Line Items]
Total debt	$ 99.6		$ 99.6		$ 99.6
Stated interest rate						4.60%

Financing Agreements - Narrativ

Financing Agreements - Narrative (Details) € in Millions	3 Months Ended		6 Months Ended		12 Months Ended
Financing Agreements - Narrative (Details) € in Millions	Mar. 31, 2019USD ($)	Mar. 31, 2018USD ($)	Mar. 31, 2019USD ($)	Mar. 31, 2018USD ($)	Sep. 30, 2018USD ($)	Mar. 31, 2019EUR (€)	Dec. 15, 2014
Debt instrument [Line Items]
Maximum ratio of Indebtedness to EBITDA allowed					3.5
LeverageHolidayBusinessAcquisition					75
Debt Instrument, Covenant Terms, Minimum Ratio of Earnings before Interest, Taxes, Depreciation, and Amortization to Interest Expense					3
Short-term restricted cash included in other current assets	$ 800,000	$ 500,000	$ 800,000	$ 500,000	$ 500,000
$900 revolving credit facility (excluding outstanding letters of credit)
Debt instrument [Line Items]
Line of credit facility, maximum borrowing capacity	741,600,000		741,600,000
Letters of Credit Outstanding, Amount	7,200,000		7,200,000
Line of credit facility, remaining borrowing capacity	$ 780,200,000		$ 780,200,000
Weighted average interest rates	2.73%	2.03%	2.57%	1.82%
Weighted average facility fee	0.12%	0.15%	0.11%	0.17%
$150 senior unsecured notes, net of discount (1)
Debt instrument [Line Items]
Debt Issuance Costs, Net	$ 300,000		$ 300,000		400,000
Other Financing Agreements
Debt instrument [Line Items]
Line of credit facility, maximum borrowing capacity	300,900,000		300,900,000
Line of credit facility, amount utilized for bank guarantees	210,600,000		210,600,000
$100 Series A Notes (2)
Debt instrument [Line Items]
Stated interest rate							4.60%
Debt Issuance Costs, Net	$ 400,000		$ 400,000		$ 400,000
Syndicated credit facility
Debt instrument [Line Items]
Line of credit facility, maximum borrowing capacity \| €						€ 150
Maximum
Debt instrument [Line Items]
Debt Instrument, Covenant Holiday, Maximum Ratio of Indebtedness to Earnings before Interest, Taxes, Depreciation, and Amortization					4

Retirement Benefits (Details)

Retirement Benefits (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Retirement Benefits (Details) - USD ($) $ in Millions	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2019	Mar. 31, 2018
Foreign Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Service costs	$ 0.4	$ 0.4	$ 0.7	$ 1
Interest costs	0.3	0.3	0.6	0.6
Expected return on plan assets	(0.2)	(0.1)	(0.3)	(0.3)
Amortization of unrecognized prior service costs, net	0	0	0	0
Amortization of net loss	0.3	0.3	0.5	0.5
Net pension costs	0.8	0.9	1.5	1.8
Domestic Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Service costs	0.6	0.7	1.2	1.4
Interest costs	2.5	2.1	5.1	4.3
Expected return on plan assets	(3.3)	(3.5)	(6.6)	(7)
Amortization of unrecognized prior service costs, net	0.1	0.1	0.1	0.1
Amortization of net loss	0.2	0.8	0.4	1.6
Net pension costs	$ 0.1	$ 0.2	$ 0.2	$ 0.4

Retirement Benefits - Narrative

Retirement Benefits - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2019	Mar. 31, 2018
Defined Benefit Plan Disclosure [Line Items]
Defined Contribution Plan, Cost	$ 2.9	$ 2.9	$ 5.7	$ 5.6

Income Taxes (Details)

Income Taxes (Details) - USD ($)	3 Months Ended			6 Months Ended
Income Taxes (Details) - USD ($)	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2017	Mar. 31, 2019	Mar. 31, 2018	Sep. 30, 2018
TaxRate [Line Items]
FederalCorporateTaxRate	35.00%			35.00%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent						24.50%
Effective income tax rate (as a percent)	25.90%	(176.60%)		29.20%	106.30%
Effective Income Tax Rate Reconciliation, Change in Enacted Tax Rate, Amount			$ 14,300,000
Income Tax Expense (Benefit), Continuing Operations, Adjustment of Deferred Tax (Asset) Liability			$ 14,900,000

Income Taxes ST Income Tax Paya

Income Taxes ST Income Tax Payable (Details) - USD ($)	3 Months Ended		6 Months Ended	12 Months Ended
Income Taxes ST Income Tax Payable (Details) - USD ($)	Mar. 31, 2019	Dec. 31, 2017	Mar. 31, 2019	Sep. 30, 2018
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
ProvisionalDiscreteNetTaxExpense		$ 14,300,000
BlendedCorporateTaxRate				24.50%
Transition Tax Amount			$ 25,100,000	$ 24,600,000
Provisional Transition Tax Obligation Current	$ 2,000,000
DTLProvisionalCorporateRateReductionNetBenefit		$ 14,900,000
Transition Tax Amount [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Deferred Tax Liabilities, Deferred Expense	1,300,000		1,300,000
Income Taxes Paid			2,000,000
Increase (Decrease) in Accrued Taxes Payable			500,000
Accrued Income Taxes, Noncurrent	$ 21,100,000		$ 21,100,000

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended				6 Months Ended
	Mar. 31, 2019		Mar. 31, 2018		Mar. 31, 2019	Mar. 31, 2018
Income per common share
Consolidated net income (loss)	$ 39.5		$ (21.3)		$ 68.5	$ (2.2)
Net income	$ 38	[1]	$ (21.9)	[1]	$ 66.3	$ (3.8)
Weighted average shares outstanding (basic - in millions)	62,900,000		63,300,000		62,900,000	63,500,000
Effect of dilutive stock options and other unvested equity awards (in millions)	500,000		0		500,000	0
Weighted average shares outstanding (diluted - in millions)	63,400,000		63,300,000		63,400,000	63,500,000
Basic earnings per share	$ 0.60		$ (0.34)		$ 1.05	$ (0.06)
Diluted earnings per share	$ 0.60		$ (0.34)		$ 1.05	$ (0.06)
Shares with anti-dilutive effect excluded from the computation of diluted earnings per share (in millions)	1,100,000		1,200,000		900,000	1,000,000
Performance-based stock awards
Income per common share
Shares with anti-dilutive effect excluded from the computation of diluted earnings per share (in millions)					400,000	400,000
Retained Earnings [Member]
Income per common share
Consolidated net income (loss)	$ 38		$ (21.9)		$ 66.3	$ (3.8)

[1]	Net income (loss) attributable to Hillenbrand

Earnings Per Share - Narrative

Earnings Per Share - Narrative (Details) - shares	3 Months Ended		6 Months Ended
Earnings Per Share - Narrative (Details) - shares	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2019	Mar. 31, 2018
Antidilutive securities excluded from computation of earnings per share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount	1,100,000	1,200,000	900,000	1,000,000
Performance-based stock awards (maximum that can be earned)
Antidilutive securities excluded from computation of earnings per share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount			400,000	400,000

Shareholders' Equity - Narrativ

Shareholders' Equity - Narrative (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2019	Mar. 31, 2018
Class of Stock [Line Items]
Cash dividends paid on common stock			$ 26.2	$ 26.2
Treasury Stock, Value, Acquired, Cost Method		$ 23.7		38.9
Amount of shares repurchased			$ 0	$ 38.9
Treasury Stock
Class of Stock [Line Items]
Treasury Stock, Shares, Acquired		0.5		0.9
Treasury Stock, Value, Acquired, Cost Method		$ 23.7		$ 38.9
Common stock, shares issued	0.1	0.1	0.3	0.4

Other Comprehensive Income (L_3

Other Comprehensive Income (Loss) - Schedule of changes in accumulated other comprehensive income (loss) (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2019	Mar. 31, 2018
Accumulated Other Comprehensive Income (Loss), before Tax [Roll Forward]
Balance at the beginning of the period				$ (84.2)
Other comprehensive income before reclassifications
Before tax amount				(20.5)	$ 21.8
Tax expense				2.6	(0.2)
After tax amount				(17.9)	21.6
Amounts reclassified from accumulated other comprehensive income(1)	[1]			0.5	1.1
Total changes in other comprehensive income (loss), net of tax		$ (7.5)	$ 15.9	(17.4)	22.7
Balance at the end of the period		(101.8)		(101.8)
Pension and Postretirement
Accumulated Other Comprehensive Income (Loss), before Tax [Roll Forward]
Balance at the beginning of the period				(41)	(45.3)
Other comprehensive income before reclassifications
Before tax amount				0	0
Tax expense				0	0
After tax amount				0	0
Amounts reclassified from accumulated other comprehensive income(1)	[1]			0.5	1.4
Total changes in other comprehensive income (loss), net of tax				0.5	1.4
Balance at the end of the period		(40.5)	(43.9)	(40.5)	(43.9)
Currency Translation
Accumulated Other Comprehensive Income (Loss), before Tax [Roll Forward]
Balance at the beginning of the period				(44.1)	(36.9)
Other comprehensive income before reclassifications
Before tax amount				(9.7)	21
Tax expense				0	0
After tax amount				(9.7)	21
Amounts reclassified from accumulated other comprehensive income(1)	[1]			0	0
Total changes in other comprehensive income (loss), net of tax				(9.7)	21
Balance at the end of the period		(53.8)	(15.9)	(53.8)	(15.9)
Net Unrealized Gain (Loss) on Derivative Instruments
Accumulated Other Comprehensive Income (Loss), before Tax [Roll Forward]
Balance at the beginning of the period				0.9	1
Other comprehensive income before reclassifications
Before tax amount				(11)	0.8
Tax expense				2.6	(0.2)
After tax amount				(8.4)	0.6
Amounts reclassified from accumulated other comprehensive income(1)	[1]			0	(0.3)
Total changes in other comprehensive income (loss), net of tax				(8.4)	0.3
Balance at the end of the period		(7.5)	1.3	(7.5)	1.3
Total Attributable to Hillenbrand, Inc.
Accumulated Other Comprehensive Income (Loss), before Tax [Roll Forward]
Balance at the beginning of the period				(84.2)	(81.2)
Other comprehensive income before reclassifications
Before tax amount				(20.7)	21.8
Tax expense				2.6	(0.2)
After tax amount				(18.1)	21.6
Amounts reclassified from accumulated other comprehensive income(1)	[1]			0.5	1.1
Total changes in other comprehensive income (loss), net of tax				(17.6)	22.7
Balance at the end of the period		(101.8)	(58.5)	(101.8)	(58.5)
Noncontrolling Interests
Other comprehensive income before reclassifications
Before tax amount				0.2	0
Tax expense				0	0
After tax amount				0.2	0
Amounts reclassified from accumulated other comprehensive income(1)	[1]			0	0
Total changes in other comprehensive income (loss), net of tax		$ 0	$ (0.1)	$ 0.2	$ 0

[1]	{F\|ahBzfndlYmZpbGluZ3MtaHJkcmoLEgZYTUxEb2MiXlhCUkxEb2NHZW5JbmZvOjBjOWExNmU0NjM4OTRiNTFiNGE1MzRjZDQyYjNmNTExfFRleHRTZWxlY3Rpb246RjFDRTFGMDlDQkVDNUUwQkI5RDZCMjUwNjgzMkRDRDMM}

Other Comprehensive Income (L_4

Other Comprehensive Income (Loss) - Schedule of reclassifications (Details) - USD ($) $ in Millions		3 Months Ended				6 Months Ended
		Mar. 31, 2019		Mar. 31, 2018		Mar. 31, 2019	Mar. 31, 2018
Affected Line in the Consolidated Statement of Operations:
Net revenue		$ 464.6	[1]	$ 452.2	[1]	$ 874.9	$ 849.4
Cost of Goods and Services Sold		(303.7)		(283.6)		(567)	(534.6)
Operating expenses		(93.7)		(98.3)		(184.4)	(187.4)
Other income (expense), net		0.1		(1.1)		0.6	(1.5)
Tax expense		(13.8)		(13.6)		(28.3)	(37.3)
Total reclassifications for the period, net of tax	[2]					0.5	1.1
Amortization of Pension and Postretirement
Affected Line in the Consolidated Statement of Operations:
Total reclassifications for the period, net of tax	[2]					0.5	1.4
Derivative Instruments
Affected Line in the Consolidated Statement of Operations:
Total reclassifications for the period, net of tax	[2]					0	(0.3)
Reclassifications out of accumulated other comprehensive income (loss)
Affected Line in the Consolidated Statement of Operations:
Net revenue		0.1		0		0.2	(0.4)
Cost of Goods and Services Sold		(0.1)		0		(0.2)	0
Operating expenses		0		0		0	0
Other income (expense), net		0.4		0.9		0.7	2
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax		0.4		0.9		0.7	1.6
Tax expense		(0.1)		(0.2)		(0.2)	(0.5)
Total reclassifications for the period, net of tax		0.3		0.7		0.5	1.1
Reclassifications out of accumulated other comprehensive income (loss) \| Net Loss Recognized
Affected Line in the Consolidated Statement of Operations:
Net revenue		0		0		0	0
Cost of Goods and Services Sold		0		0		0	0
Operating expenses		0		0		0	0
Other income (expense), net		0.4		0.9		0.7	2
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax		0.4		0.9		0.7	2
Reclassifications out of accumulated other comprehensive income (loss) \| Prior Service Costs Recognized
Affected Line in the Consolidated Statement of Operations:
Net revenue		0		0		0	0
Cost of Goods and Services Sold		0		0		0	0
Operating expenses		0		0		0	0
Other income (expense), net		0		0		0	0
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax		0		0		0	0
Reclassifications out of accumulated other comprehensive income (loss) \| Derivative Instruments
Affected Line in the Consolidated Statement of Operations:
Net revenue		0.1		0		0.2	(0.4)
Cost of Goods and Services Sold		(0.1)		0		(0.2)	0
Operating expenses		0		0		0	0
Other income (expense), net		0		0		0	0
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax		$ 0		$ 0		$ 0	$ (0.4)

[1]	We attribute revenue to a geography based upon the location of the business unit that consummates the external sale.
[2]	{F\|ahBzfndlYmZpbGluZ3MtaHJkcmoLEgZYTUxEb2MiXlhCUkxEb2NHZW5JbmZvOjBjOWExNmU0NjM4OTRiNTFiNGE1MzRjZDQyYjNmNTExfFRleHRTZWxlY3Rpb246RjFDRTFGMDlDQkVDNUUwQkI5RDZCMjUwNjgzMkRDRDMM}

Share-Based Compensation - Sche

Share-Based Compensation - Schedule of stock-based compensation costs (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2019	Mar. 31, 2018
Compensation Related Costs [Abstract]
Share-based compensation costs	$ 3.9	$ 3.9	$ 5.8	$ 6.2
Less impact of income tax benefit	0.9	1	1.3	1.6
Share-based compensation costs, net of tax	$ 3	$ 2.9	$ 4.5	$ 4.6

Share-Based Compensation - Sc_2

Share-Based Compensation - Schedule of stock-based awards granted (Details)	6 Months Ended
	Mar. 31, 2019shares
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted in period	431,726
Time-based stock awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock awards granted in period	23,921
Performance-based stock awards (maximum that can be earned)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock awards granted in period	334,335

Share-Based Compensation - Narr

Share-Based Compensation - Narrative (Details)	6 Months Ended
Share-Based Compensation - Narrative (Details)	Mar. 31, 2019$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance-based targets for target period	3 years
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock option granted, weighted-average exercise price	$ 41.31
Stock option granted, weighted-average grant date fair value	10.15
Time-based stock awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity instruments other than options, grant date fair value	41.29
Performance-based stock awards (maximum that can be earned)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity instruments other than options, grant date fair value	$ 41.77
Performance-based stock awards granted, number of units \| shares	181,994
Award performance measurement period	3 years

Other Income (Expense), Net (De

Other Income (Expense), Net (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2019	Mar. 31, 2018
Accumulated other comprehensive income (loss) [Line Items]
Income (Loss) from Equity Method Investments, Net of Dividends or Distributions	$ 0	$ 0	$ (0.1)	$ 0
Foreign currency exchange gain (loss), net	0.1	(0.5)	0.5	(0.8)
Other, net	0	(0.6)	0.2	(0.7)
Other income (expense), net	$ 0.1	$ (1.1)	$ 0.6	$ (1.5)

Commitments and Contingencies -

Commitments and Contingencies - Narrative (Details) £ in Millions, $ in Millions	3 Months Ended	6 Months Ended
	Mar. 31, 2019USD ($)	Mar. 31, 2019GBP (£)
Commitments and Contingencies
Loss Contingency, Damages Sought \| £		£ 38.5
General claims and lawsuits \| Minimum
Commitments and Contingencies
Deductibles and self-insured retentions per occurrence or per claim \| $	$ 0.5

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of financial assets and liabilities (Details) - USD ($) $ in Millions	Mar. 31, 2019	Sep. 30, 2018	Mar. 31, 2018
Financial assets and liabilities at carrying value and fair value
Cash and cash equivalents	$ 58.6	$ 56	$ 68.5
Level 1
Assets:
Cash and cash equivalents	58.6
Investments in rabbi trust	4
Derivative instruments	0
Liabilities:
Derivative instruments	0
Level 2
Assets:
Cash and cash equivalents	0
Investments in rabbi trust	0
Derivative instruments	2.2
Liabilities:
Derivative instruments	12.4
Level 3
Assets:
Cash and cash equivalents	0
Investments in rabbi trust	0
Derivative instruments	0
Liabilities:
Derivative instruments	0
$150 senior unsecured notes
Assets:
Long-term Debt, Gross	149.8
$150 senior unsecured notes \| Level 1
Liabilities:
Debt instruments	154
$150 senior unsecured notes \| Level 2
Liabilities:
Debt instruments	0
$150 senior unsecured notes \| Level 3
Liabilities:
Debt instruments	0
Revolving credit facility
Assets:
Long-term Debt, Gross	112.6
Revolving credit facility \| Level 1
Liabilities:
Debt instruments	0
Revolving credit facility \| Level 2
Liabilities:
Debt instruments	112.6
Revolving credit facility \| Level 3
Liabilities:
Debt instruments	0
$100 Series A Notes
Assets:
Long-term Debt, Gross	100
$100 Series A Notes \| Level 1
Liabilities:
Debt instruments	0
$100 Series A Notes \| Level 2
Liabilities:
Debt instruments	105.4
$100 Series A Notes \| Level 3
Liabilities:
Debt instruments	0
Interest Rate Swap [Member] \| Cash flow hedging
Financial assets and liabilities at carrying value and fair value
Derivative, notional amount	0
Derivatives \| Cash flow hedging
Financial assets and liabilities at carrying value and fair value
Derivative, notional amount	283.3
Reported Value Measurement
Assets:
Investments in rabbi trust	4
Derivative instruments	2.2
Liabilities:
Derivative instruments	$ 12.4

Segment and Geographical Info_3

Segment and Geographical Information - Schedule of net revenue and assets by segment (Details) - USD ($) $ in Millions	3 Months Ended				6 Months Ended
	Mar. 31, 2019		Mar. 31, 2018		Mar. 31, 2019	Mar. 31, 2018	Sep. 30, 2018
Segment and Geographical Information
Total assets assigned	$ 1,885.5				$ 1,885.5		$ 1,864.6
Property, plant, and equipment, net	137.6				137.6		142
Net revenue	464.6	[1]	$ 452.2	[1]	874.9	$ 849.4
United States
Segment and Geographical Information
Property, plant, and equipment, net	74.3				74.3		76.6
Net revenue	232.4		246.2		447.2	465
GERMANY
Segment and Geographical Information
Property, plant, and equipment, net	38.6				38.6		40.7
Net revenue	141.6		129.8		252.9	240.2
All other foreign business units
Segment and Geographical Information
Property, plant, and equipment, net	24.7				24.7		24.7
Net revenue	90.6		76.2		174.8	144.2
Operating segments
Segment and Geographical Information
Net revenue	464.6		452.2		874.9	849.4
Corporate
Segment and Geographical Information
Adjusted EBITDA	(12.2)		(12.2)		(21)	(20.5)
Total assets assigned	30.6				30.6		34
Process Equipment Group
Segment and Geographical Information
Net revenue	326.7		299.8		608.9	564.1
Process Equipment Group \| Operating segments
Segment and Geographical Information
Adjusted EBITDA	55.5		49.9		101.7	95.5
Total assets assigned	1,667.9				1,667.9		1,638.8
Batesville
Segment and Geographical Information
Net revenue	137.9		152.4		266	285.3
Batesville \| Operating segments
Segment and Geographical Information
Adjusted EBITDA	31.6		$ 38.6		58.3	$ 66.5
Total assets assigned	$ 187				$ 187		$ 191.8

[1]	We attribute revenue to a geography based upon the location of the business unit that consummates the external sale.

Segment and Geographical Info_4

Segment and Geographical Information - Schedule of reconciliation of segment (Details 2) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2019	Mar. 31, 2018
Segment and Geographical Information
Interest income	$ (0.2)	$ (0.3)	$ (0.4)	$ (0.8)
Interest expense	5.4	6	10.9	12.3
Income tax expense	13.8	13.6	28.3	37.3
Depreciation and amortization	15.1	14	29.2	27.8
Impairment charge	0	63.4	0	63.4
Business acquisition, development, and integration	0.5	0.2	1.1	2.5
Restructuring and restructuring related	0.7	0.7	1.2	1.2
Business Combination, Inventory Step Up Costs	0.1		0.2	0
Consolidated net income (loss)	39.5	(21.3)	68.5	(2.2)
Corporate
Segment and Geographical Information
Adjusted EBITDA	(12.2)	(12.2)	(21)	(20.5)
Process Equipment Group \| Operating segments
Segment and Geographical Information
Adjusted EBITDA	55.5	49.9	101.7	95.5
Batesville \| Operating segments
Segment and Geographical Information
Adjusted EBITDA	$ 31.6	$ 38.6	$ 58.3	$ 66.5

Condensed Consolidating Infor_3

Condensed Consolidating Information - Consolidating statements of income (Details) - USD ($) $ in Millions		3 Months Ended				6 Months Ended
		Mar. 31, 2019		Mar. 31, 2018		Mar. 31, 2019	Mar. 31, 2018
Condensed Financial Information Disclosure [Abstract]
Percentage ownership of subsidiaries with indebtedness guaranteed by the parent		100.00%				100.00%
Condensed Consolidating Statements of Income
Net revenue		$ 464.6	[1]	$ 452.2	[1]	$ 874.9	$ 849.4
Cost of Goods and Services Sold		303.7		283.6		567	534.6
Gross profit		160.9		168.6		307.9	314.8
Operating expenses		93.7		98.3		184.4	187.4
Amortization of Intangible Assets		8.6		7.5		16.4	15.1
Impairment charge		0		63.4		0	63.4
Interest expense		5.4		6		10.9	12.3
Other income (expense), net		0.1		(1.1)		0.6	(1.5)
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest		53.3		(7.7)		96.8	35.1
Income tax expense (benefit)		13.8		13.6		28.3	37.3
Consolidated net income (loss)		39.5		(21.3)		68.5	(2.2)
Less: Net income attributable to noncontrolling interests		1.5		0.6		2.2	1.6
Total reclassifications for the period, net of tax		38	[2]	(21.9)	[2]	66.3	(3.8)
Consolidated comprehensive income (loss)		32		(5.4)		51.1	20.5
Less: Comprehensive income attributable to noncontrolling interests		1.5		0.5		2.4	1.6
Comprehensive income (loss)		30.5	[3],[4]	(5.9)	[3],[4]	48.7	18.9
Reportable legal entities \| Parent
Condensed Consolidating Statements of Income
Operating expenses		13.7		13.6		23.9	24.5
Amortization of Intangible Assets		0		0		0	0
Interest expense		4.7		5.3		9.2	11.1
Other income (expense), net		(0.2)		(0.1)		(0.5)	(0.4)
Equity in net income (loss) of subsidiaries		51.4		(5.1)		93.4	32.3
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest		32.8		(24.1)		59.8	(3.7)
Income tax expense (benefit)		(5.2)		(2.2)		(6.5)	0.1
Consolidated net income (loss)		38		(21.9)		66.3	(3.8)
Total reclassifications for the period, net of tax	[2]	38		(21.9)		66.3	(3.8)
Consolidated comprehensive income (loss)		30.5		(5.9)		48.7	18.9
Comprehensive income (loss)	[4]	30.5		(5.9)		48.7	18.9
Reportable legal entities \| Guarantors
Condensed Consolidating Statements of Income
Net revenue		230.6		250.9		446.7	469.1
Cost of Goods and Services Sold		126.8		129.7		242.6	244.8
Gross profit		103.8		121.2		204.1	224.3
Operating expenses		60.9		64.8		122.3	126.4
Amortization of Intangible Assets		3.4		3.2		6.7	6.7
Impairment charge				63.4			63.4
Interest expense		0.1		0		0.1	0
Other income (expense), net		(0.1)		(0.2)		(0.1)	0.3
Equity in net income (loss) of subsidiaries		3.5		1.8		5.7	3.2
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest		42.8		(8.6)		80.6	31.3
Income tax expense (benefit)		10.6		9.4		20.5	24.9
Consolidated net income (loss)		32.2		(18)		60.1	6.4
Total reclassifications for the period, net of tax		32.2	[2]	(18)	[2]	60.1	6.4
Consolidated comprehensive income (loss)		32.4		(17.6)		60.2	7.3
Comprehensive income (loss)		32.4	[4]	(17.6)	[4]	60.2	7.3
Reportable legal entities \| Non-Guarantors
Condensed Consolidating Statements of Income
Net revenue		294.1		256.4		541.9	485.5
Cost of Goods and Services Sold		210		181		384.4	341.1
Gross profit		84.1		75.4		157.5	144.4
Operating expenses		46.1		47.9		91.9	90.4
Amortization of Intangible Assets		5.2		4.3		9.7	8.4
Interest expense		0.6		0.7		1.6	1.2
Other income (expense), net		0.4		(0.8)		1.2	(1.4)
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest		32.6		21.7		55.5	43
Income tax expense (benefit)		8.4		6.4		14.3	12.3
Consolidated net income (loss)		24.2		15.3		41.2	30.7
Less: Net income attributable to noncontrolling interests		1.5		0.6		2.2	1.6
Total reclassifications for the period, net of tax		22.7	[2]	14.7	[2]	39	29.1
Consolidated comprehensive income (loss)		19.6		30.1		31.4	51.4
Less: Comprehensive income attributable to noncontrolling interests		1.5		0.5		2.4	1.6
Comprehensive income (loss)		18.1	[4]	29.6	[4]	29	49.8
Eliminations
Condensed Consolidating Statements of Income
Net revenue		(60.1)		(55.1)		(113.7)	(105.2)
Cost of Goods and Services Sold		(33.1)		(27.1)		(60)	(51.3)
Gross profit		(27)		(28)		(53.7)	(53.9)
Operating expenses		(27)		(28)		(53.7)	(53.9)
Other income (expense), net		0				0
Equity in net income (loss) of subsidiaries		(54.9)		3.3		(99.1)	(35.5)
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest		(54.9)		3.3		(99.1)	(35.5)
Consolidated net income (loss)		(54.9)		3.3		(99.1)	(35.5)
Total reclassifications for the period, net of tax		(54.9)	[2]	3.3	[2]	(99.1)	(35.5)
Consolidated comprehensive income (loss)		(50.5)		(12)		(89.2)	(57.1)
Comprehensive income (loss)		$ (50.5)	[4]	$ (12)	[4]	$ (89.2)	$ (57.1)

[1]	We attribute revenue to a geography based upon the location of the business unit that consummates the external sale.
[2]	Net income (loss) attributable to Hillenbrand
[3]	Comprehensive income (loss) attributable to Hillenbrand
[4]	Comprehensive income (loss) attributable to Hillenbrand

Condensed Consolidating Infor_4

Condensed Consolidating Information - Consolidating balance sheet (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018	Oct. 01, 2018	Sep. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017
ASSETS
Cash and cash equivalents	$ 58.6			$ 56	$ 68.5
Trade receivables, net	199.5			218.5
Receivables from long-term manufacturing contracts	164.8		$ 122.2	120.3
Inventories	183		170.9	172.5
Prepaid expense	24.1			25.2
Other current assets	20.4			18.1
Total current assets	650.4			610.6
Property, plant, and equipment, net	137.6			142
Intangible assets, net	477.3			487.3
Goodwill	583			581.9
Investment in consolidated subsidiaries	0
Other assets	37.2			42.8
Total Assets	1,885.5			1,864.6
LIABILITIES
Trade accounts payable	207.7			196.8
Liabilities from long-term manufacturing contracts and advances	125.1			125.9
Accrued compensation	55.5			71.9
Other current liabilities	117.5			137.1
Total current liabilities	505.8			531.7
Long-term debt	361.7			344.6
Accrued pension and postretirement healthcare	114.6			120.5
Deferred income taxes	79.4		$ 76.5	76.4
Other long-term liabilities	53.9			47.3
Total Liabilities	1,115.4			1,120.5
Hillenbrand Shareholders’ Equity	756.8			731.1
Stockholders' Equity Attributable to Parent [Abstract]
Noncontrolling interests	13.3			13
Total Shareholders’ Equity	770.1	$ 747.4		744.1	$ 732	$ 768.5	$ 765.9
Total Liabilities and Equity	1,885.5			1,864.6
Reportable legal entities \| Parent
ASSETS
Cash and cash equivalents	0.2			1.1
Prepaid expense	2.9			2.7
Intercompany receivables	0			0
Other current assets	0			0
Total current assets	3.1			3.8
Property, plant, and equipment, net	3.6			3.8
Intangible assets, net	2.8			3.2
Investment in consolidated subsidiaries	2,290.8			2,263.1
Other assets	27.1			15.7
Total Assets	2,327.4			2,289.6
LIABILITIES
Trade accounts payable	0.2			0
Accrued compensation	3.9			7.2
Intercompany payables	1,176.6			1,206.2
Other current liabilities	22.8			19.4
Total current liabilities	1,203.5			1,232.8
Long-term debt	333.6			300.2
Accrued pension and postretirement healthcare	0.7			0.7
Deferred income taxes	0			0.7
Other long-term liabilities	32.8			24.1
Total Liabilities	1,570.6			1,558.5
Hillenbrand Shareholders’ Equity	756.8			731.1
Stockholders' Equity Attributable to Parent [Abstract]
Total Shareholders’ Equity	756.8			731.1
Total Liabilities and Equity	2,327.4			2,289.6
Reportable legal entities \| Guarantors
ASSETS
Cash and cash equivalents	5.3			5.8
Trade receivables, net	105.7			124.5
Receivables from long-term manufacturing contracts	8.4			5.3
Inventories	82.9			76.7
Prepaid expense	7.7			7
Intercompany receivables	1,130.9			1,131.1
Other current assets	1.9			3.2
Total current assets	1,342.8			1,353.6
Property, plant, and equipment, net	58.9			60.2
Intangible assets, net	188.6			196
Goodwill	225			225
Investment in consolidated subsidiaries	668			653.9
Other assets	26.5			28.2
Total Assets	2,509.8			2,516.9
LIABILITIES
Trade accounts payable	62.9			62.4
Liabilities from long-term manufacturing contracts and advances	24.6			26.6
Accrued compensation	13.6			20.1
Intercompany payables	6.3			6.1
Other current liabilities	47.4			38.9
Total current liabilities	154.8			154.1
Accrued pension and postretirement healthcare	29.1			29.8
Deferred income taxes	26.6			22.9
Other long-term liabilities	12.5			14.3
Total Liabilities	223			221.1
Hillenbrand Shareholders’ Equity	2,286.8			2,295.8
Stockholders' Equity Attributable to Parent [Abstract]
Total Shareholders’ Equity	2,286.8			2,295.8
Total Liabilities and Equity	2,509.8			2,516.9
Reportable legal entities \| Non-Guarantors
ASSETS
Cash and cash equivalents	53.1			49.1
Trade receivables, net	93.8			94
Receivables from long-term manufacturing contracts	156.4			115
Inventories	103			98.6
Prepaid expense	13.5			15.5
Intercompany receivables	49.1			79.1
Other current assets	18.1			14.6
Total current assets	487			465.9
Property, plant, and equipment, net	75.1			78
Intangible assets, net	285.9			288.1
Goodwill	358			356.9
Investment in consolidated subsidiaries	0
Other assets	1.9			5.9
Total Assets	1,207.9			1,194.8
LIABILITIES
Trade accounts payable	144.6			134.4
Liabilities from long-term manufacturing contracts and advances	100.5			99.3
Accrued compensation	38			44.6
Other current liabilities	58.3			78.1
Total current liabilities	341.4			356.4
Long-term debt	28.1			44.4
Accrued pension and postretirement healthcare	84.8			90
Deferred income taxes	59.7			60.9
Other long-term liabilities	8.6			8.9
Total Liabilities	522.6			560.6
Hillenbrand Shareholders’ Equity	672			621.2
Stockholders' Equity Attributable to Parent [Abstract]
Noncontrolling interests	13.3			13
Total Shareholders’ Equity	685.3			634.2
Total Liabilities and Equity	1,207.9			1,194.8
Consolidation, Eliminations [Member]
ASSETS
Inventories	(2.9)			(2.8)
Intercompany receivables	(1,180)			(1,210.2)
Other current assets	0.4			0.3
Total current assets	(1,182.5)			(1,212.7)
Investment in consolidated subsidiaries	(2,958.8)			(2,917)
Other assets	(18.3)			(7)
Total Assets	(4,159.6)			(4,136.7)
LIABILITIES
Trade accounts payable	0			0
Intercompany payables	(1,182.9)			(1,212.3)
Other current liabilities	(11)			0.7
Total current liabilities	(1,193.9)			(1,211.6)
Deferred income taxes	(6.9)			(8.1)
Other long-term liabilities	0
Total Liabilities	(1,200.8)			(1,219.7)
Hillenbrand Shareholders’ Equity	(2,958.8)			(2,917)
Stockholders' Equity Attributable to Parent [Abstract]
Total Shareholders’ Equity	(2,958.8)			(2,917)
Total Liabilities and Equity	$ (4,159.6)			$ (4,136.7)

Condensed Consolidating Infor_5

Condensed Consolidating Information - Consolidating cash flow statement (Details) - USD ($) $ in Millions	6 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Sep. 30, 2018	Sep. 30, 2017
Condensed Cash Flow Statements
Payments to Acquire Businesses, Net of Cash Acquired	$ 26.2	$ 0
Net cash provided by (used in) operating activities	46.5	61.5
Investing activities:
Capital expenditures	(8.3)	(10.6)
Other, net	0.1	0.1
Net cash used in investing activities	(34.4)	(10.5)
Financing activities:
Repayments on term loan	0	(148.5)
Proceeds from revolving credit facilities, net of financing costs	342	701.8
Repayments on revolving credit facilities	(323.8)	(542.8)
Payment of dividends on common stock	(26.2)	(26.2)
Repurchases of common stock	0	(38.9)
Proceeds from Stock Options Exercised	1.4	9.3
Payments Related to Tax Withholding for Share-based Compensation	(4.2)	(4.1)
Other, net	(0.5)	(1)
Net cash used in financing activities	(11.3)	(50.4)
Effect of exchange rates on cash and cash equivalents	2.1	1.7
Net cash flows	2.9	2.3
At beginning of period	56
At end of period	58.6	68.5
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	59.4	69	$ 56.5	$ 66.7
Reportable legal entities \| Parent
Condensed Cash Flow Statements
Net cash provided by (used in) operating activities	(4.7)	143.6
Investing activities:
Capital expenditures	(0.4)	(1.4)
Other, net	0	0
Net cash used in investing activities	(0.4)	(1.4)
Financing activities:
Repayments on term loan	0	(148.5)
Proceeds from revolving credit facilities, net of financing costs	164	445.7
Repayments on revolving credit facilities	(130.8)	(379.2)
Payment of dividends on common stock	(26.2)	(26.2)
Repurchases of common stock	0	(38.9)
Proceeds from Stock Options Exercised	1.4	(9.3)
Payments Related to Tax Withholding for Share-based Compensation	4.2	4.1
Other, net	0	0
Net cash used in financing activities	4.2	(141.9)
Net cash flows	(0.9)	0.3
At beginning of period	1.1
At end of period	0.2
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	0.2	0.4	1.1	0.1
Reportable legal entities \| Guarantors
Condensed Cash Flow Statements
Net cash provided by (used in) operating activities	103	125
Investing activities:
Capital expenditures	(3.6)	(5)
Other, net	0.1	0.1
Net cash used in investing activities	(3.5)	(4.9)
Financing activities:
Payment of Intercompany Dividends	(100)	(118.3)
Net cash used in financing activities	(100)	(118.3)
Net cash flows	(0.5)	1.8
At beginning of period	5.8
At end of period	5.3
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	5.3	6.8	5.8	5
Reportable legal entities \| Non-Guarantors
Condensed Cash Flow Statements
Payments to Acquire Businesses, Net of Cash Acquired	26.2
Net cash provided by (used in) operating activities	54.6	(82.8)
Investing activities:
Capital expenditures	(4.3)	(4.2)
Other, net	0	0
Net cash used in investing activities	(30.5)	(4.2)
Financing activities:
Proceeds from revolving credit facilities, net of financing costs	178	256.1
Repayments on revolving credit facilities	(193)	(163.6)
Payment of Intercompany Dividends	(6.4)	(6)
Other, net	(0.5)	(1)
Net cash used in financing activities	(21.9)	85.5
Effect of exchange rates on cash and cash equivalents	2.1	1.7
Net cash flows	4.3	0.2
At beginning of period	49.1
At end of period	53.1
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	53.9	61.8	$ 49.6	$ 61.6
Eliminations
Condensed Cash Flow Statements
Net cash provided by (used in) operating activities	(106.4)	(124.3)
Financing activities:
Payment of Intercompany Dividends	106.4	124.3
Net cash used in financing activities	$ 106.4	$ 124.3

Restructuring - Narrative (Deta

Restructuring - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Restructuring - Narrative (Details) - USD ($) $ in Millions	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2019	Mar. 31, 2018
Restructuring and Related Cost
Restructuring charges	$ 0.7	$ 0.8	$ 1.2	$ 0.9
Restructuring and restructuring related	0.7	0.7	1.2	1.2
Restructuring reserve, current	0.7		0.7
Corporate
Restructuring and Related Cost
Restructuring charges	0	0.7	0	0.6
Process Equipment Group
Restructuring and Related Cost
Restructuring charges	0.2	(0.1)	0.5	0.1
Batesville
Restructuring and Related Cost
Restructuring charges	0.5	0.2	0.7	0.2
Operating expense
Restructuring and Related Cost
Restructuring charges	0.4	0.9	0.6	1
Operating expense \| Process Equipment Group
Restructuring and Related Cost
Restructuring charges	0	0	0.1	0.2
Operating expense \| Batesville
Restructuring and Related Cost
Restructuring charges	0.4	0	0.5	0
Operating expense \| Corporate
Restructuring and Related Cost
Restructuring charges	0	0.7	0	0.6
Cost of goods, segment \| Process Equipment Group
Restructuring and Related Cost
Restructuring charges	0.2	(0.1)	0.4	(0.1)
Cost of goods, segment \| Batesville
Restructuring and Related Cost
Restructuring charges	0.1	0	0.2	0
Cost of goods, segment \| Corporate
Restructuring and Related Cost
Restructuring charges	0	0	0	0
Cost of Goods, Total [Member]
Restructuring and Related Cost
Restructuring charges	$ 0.3	$ (0.1)	$ 0.6	$ (0.1)