Post (POST) 10-Q6 May 162016 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, 2016	May. 02, 2016
Document and Entity Information [Abstract]
Entity Registrant Name	Post Holdings, Inc.
Entity Central Index Key	1,530,950
Current Fiscal Year End Date	--09-30
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Mar. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Common Stock, Shares Outstanding		64,310,050

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Net Sales	$ 1,271.1	$ 1,052.7	$ 2,519.9	$ 2,126.6
Cost of goods sold	861.8	777.2	1,748.1	1,602
Gross Profit	409.3	275.5	771.8	524.6
Selling, general and administrative expenses	205.6	176.4	392.6	343.6
Amortization of intangible assets	38.1	33.7	76.2	67.2
Other operating expenses, net	3.1	15.7	7.6	23.2
Operating Profit	162.5	49.7	295.4	90.6
Interest expense, net	77.2	59.8	155	119.9
Other expense	90.9	28.8	106.8	83.4
(Loss) Earnings before Income Taxes	(5.6)	(38.9)	33.6	(112.7)
Income tax (benefit) expense	(10.5)	(69.4)	3.2	(45.9)
Net Earnings (Loss)	4.9	30.5	30.4	(66.8)
Preferred stock dividends (see Note 13)	(3.4)	(4.2)	(18.4)	(8.5)
Net Earnings (Loss) Available to Common Shareholders	$ 1.5	$ 26.3	$ 12	$ (75.3)
Earnings (Loss) per Share, Basic (in usd per share)	$ 0.02	$ 0.48	$ 0.18	$ (1.45)
Earnings (Loss) per Share, Diluted (in usd per share)	$ 0.02	$ 0.45	$ 0.17	$ (1.45)
Weighted-Average Common Shares Outstanding, Basic (in shares)	69.1	54.5	68.3	52.1
Weighted-Average Common Shares Outstanding, Diluted (in shares)	70.5	67.6	69.7	52.1

Condensed Consolidated Stateme3

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Statement of Comprehensive Income [Abstract]
Net Earnings (Loss)	$ 4.9	$ 30.5	$ 30.4	$ (66.8)
Unrealized pension and postretirement benefit obligations	1.6	0	1.6	0
Reclassifications of of accumulated other comprehensive income, pension and postretirement benefits	0	0.2	0.5	0.5
Unrealized gain on plan amendment (see Note 15)	36.1	0	36.1	0
Unrealized foreign currency translation adjustments	19.7	(26.8)	9.9	(40.9)
Foreign Currency Translation Reclassification Adjustment from AOCI	(1.3)	0	(1.3)	0
Tax (expense) benefit on other comprehensive income (loss)	(14.4)	0.2	(14.6)	0.1
Other Comprehensive Income (Loss), Net of Tax	$ 46.6	$ 4.1	$ 62.6	$ (107.1)

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2016	Sep. 30, 2015
Assets
Cash and cash equivalents	$ 868.2	$ 841.4
Restricted cash	8.4	18.8
Receivables, net	386.8	366.2
Inventories	491.5	465.3
Deferred income taxes	0	47.7
Prepaid expenses and other current assets	55	42.3
Total Current Assets	1,809.9	1,781.7
Property, net	1,341.9	1,333.2
Goodwill	3,081.4	3,072.8
Other intangible assets, net	2,911.3	2,969.3
Other assets	60	63.4
Total Assets	9,204.5	9,220.4
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current portion of long-term debt	15.7	16
Accounts payable	224.3	265.2
Other current liabilities	316.6	329.8
Total Current Liabilities	556.6	611
Long-term debt	4,498.2	4,511.4
Deferred income taxes	774.4	831.8
Other liabilities	368.6	290.2
Total Liabilities	6,197.8	6,244.4
Stockholders' Equity
Preferred stock	0	0.1
Common stock	0.7	0.6
Additional paid-in capital	3,506.9	3,538.8
Accumulated deficit	(390.6)	(421)
Accumulated other comprehensive loss	(56.9)	(89.1)
Treasury stock, at cost	(53.4)	(53.4)
Total Shareholders’ Equity	3,006.7	2,976
Total Liabilities and Shareholders’ Equity	$ 9,204.5	$ 9,220.4

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Cash Flows from Operating Activities:
Net Earnings (Loss)	$ 30.4	$ (66.8)
Adjustments to reconcile of net (loss) earnings to net cash provided by operating activities:
Depreciation and amortization	151.2	126.3
Unrealized loss on interest rate swaps	106.8	83.4
Amortization of deferred financing costs and debt discount/premium, net	2.3	2.6
Loss on write-down of assets held for sale	8.4	22.5
Non-cash stock-based compensation expense	8.4	16.7
Deferred income taxes	(25.1)	(61.5)
Other, net	(2.2)	0.1
Other changes in current assets and liabilities, net of business acquisitions:
(Increase) decrease in receivables, net	(4.8)	77.7
Increase in inventories	(21.9)	(49.5)
Increase in prepaid expenses and other current assets	(9.1)	(6.4)
(Decrease) increase in accounts payable and other current liabilities	(51.6)	6.9
Increase (Decrease) in Other Noncurrent Liabilities	3.6	6.4
Net Cash Provided by Operating Activities	196.4	158.4
Cash Flows from Investing Activities:
Business acquisitions, net of cash acquired	(94.4)	(187.9)
Additions to property	(44.8)	(45.6)
Restricted cash	10.4	71.1
Proceeds from sale of property	0.6	0
Proceeds from sale of businesses	6.2	0
Insurance proceeds on property losses	0	1.8
Net Cash Used in Investing Activities	(122)	(160.6)
Cash Flows from Financing Activities:
Proceeds from issuance of common stock, net of issuance costs	0	341.4
Repayments of long-term debt	(8.1)	(13.2)
Payments of preferred stock dividends	(7.7)	(8.5)
Preferred stock conversion	(10.9)	0
Payments of debt issuance costs	0	(3.7)
Proceeds from exercise of stock awards	6.2	0
Cash paid in advance for stock repurchase contracts (see Note 13)	(28.3)	0
Other, net	0.3	(1.7)
Net Cash (Used in) Provided by Financing Activities	(48.5)	314.3
Effect of Exchange Rate Changes on Cash and Cash Equivalents	0.9	(1.5)
Net Increase in Cash and Cash Equivalents	26.8	310.6
Cash and Cash Equivalents, Beginning of Year	841.4	268.4
Cash and Cash Equivalents, End of Period	$ 868.2	$ 579

Basis of Presentation

Basis of Presentation	6 Months Ended
Basis of Presentation	Mar. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Background	BASIS OF PRESENTATION These unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”), under the rules and regulations of the United States Securities and Exchange Commission (the “SEC”), and on a basis substantially consistent with the audited consolidated financial statements of Post Holdings, Inc. (herein referred to as “Post,” “the Company,” “us,” “our” or “we”) as of and for the fiscal year ended September 30, 2015. These unaudited condensed consolidated financial statements should be read in conjunction with such audited consolidated financial statements which are included in the Company’s Annual Report on Form 10-K for the fiscal year ended September 30, 2015, filed with the SEC on November 25, 2015. These unaudited condensed consolidated financial statements include all adjustments (consisting of normal recurring adjustments and accruals) that management considers necessary for a fair statement of the Company’s financial position, results of operations, comprehensive income (loss) and cash flows for the interim periods presented. Interim results are not necessarily indicative of the results for any other interim period or for the entire fiscal year. Certain prior year amounts have been reclassified to conform with the 2016 presentation. These reclassifications had no impact on Net Earnings (Loss) or Shareholders' Equity as previously reported.

Recently Issued and Adopted Acc

Recently Issued and Adopted Accounting Standards (Notes)	6 Months Ended
Recently Issued and Adopted Accounting Standards (Notes)	Mar. 31, 2016
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Description of New Accounting Pronouncements Not yet Adopted [Text Block]	RECENTLY ISSUED AND ADOPTED ACCOUNTING STANDARDS In March 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-09, “Compensation - Stock Compensation (Topic 718): Improvement to Employee Share-Based Payment Accounting.” The updated guidance changes the accounting for certain aspects of share-based payment awards to employees, including the accounting for income taxes, forfeitures, and statutory tax withholding requirements, as well as classification of certain items in the statement of cash flows. This ASU is effective for annual periods beginning after December 15, 2016, and interim periods therein (i.e., Post’s financial statements for the year ending September 30, 2018) and early application is permitted. The Company is currently evaluating the impact of adopting this guidance. In March 2016, the FASB issued ASU 2016-08, “Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net).” The amendments are intended to improve the operability and understandability of the implementation guidance on principal versus agent considerations. The effective date for this ASU is the same as the effective date for ASU 2014-09, “Revenue from Contracts with Customers (Topic 606)” (i.e., Post’s financial statements for the year ending September 30, 2019). The Company is currently evaluating the impact of adopting this guidance. In February 2016, the FASB issued ASU 2016-02, “Leases (Topic 842).” This standards update requires a company to recognize right-of-use assets and lease liabilities on its balance sheet and disclose key information about leasing arrangements. ASU 2016-02 offers specific accounting guidance for lessees, lessors and sale and leaseback transactions. Lessees and lessors are required to disclose qualitative and quantitative information about leasing arrangements to enable a user of the financial statements to assess the amount, timing and uncertainty of cash flows arising from leases. This ASU is effective for annual periods beginning after December 15, 2018, and interim periods therein (i.e., Post’s financial statements for the year ending September 30, 2020), with early adoption permitted. At adoption, this update will be applied using a modified retrospective approach. The Company is currently evaluating the impact of adopting this guidance. In January 2016, the FASB issued ASU 2016-01, “Recognition and Measurement of Financial Assets and Financial Liabilities.” The standards update requires equity investments to be measured at fair value with changes in fair value recognized in net income; simplifies the impairment assessment of equity investments without readily determinable fair values by requiring a qualitative assessment to identify impairment; eliminates the requirement for public business entities to disclose the method(s) and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost on the balance sheet; requires public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes; requires an entity to present separately in other comprehensive income the portion of the total change in the fair value of a liability resulting from a change in the instrument-specific credit risk when the entity has elected to measure the liability at fair value in accordance with the fair value option for financial instruments; requires separate presentation of financial assets and financial liabilities by measurement category and form of financial assets on the balance sheet or the accompanying notes to the financial statements and clarifies that an entity should evaluate the need for a valuation allowance on a deferred tax asset related to available-for-sale securities in combination with the entity’s other deferred tax assets. This ASU is effective for annual periods beginning after December 15, 2017, and interim periods therein (i.e., Post’s financial statements for the year ending September 30, 2019). Early adoption is not permitted. The Company is currently evaluating the impact of adopting this guidance. In November 2015, the FASB issued ASU 2015-17, “Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes.” The standards update requires an entity to classify all deferred tax assets and liabilities as noncurrent. ASU 2015-17 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2016, with early adoption permitted and can be applied either retrospectively or prospectively. The Company prospectively adopted this ASU at December 31, 2015 and is now presenting all deferred tax assets and liabilities as noncurrent on the Condensed Consolidated Balance Sheets. Balances at September 30, 2015 were not retrospectively adjusted as the Company chose to prospectively adopt this ASU.

Restructuring

Restructuring	6 Months Ended
Restructuring	Mar. 31, 2016
Restructuring and Related Activities [Abstract]
Restructuring	RESTRUCTURING In September 2015, the Company announced its plan to close its Dymatize manufacturing facility located in Farmers Branch, Texas and permanently transfer production to third party facilities under co-manufacturing agreements. Plant production ceased in the fourth quarter of 2015. In May 2015, the Company announced its plan to consolidate its cereal business administrative offices in Lakeville, Minnesota. In connection with the consolidation, the Company closed its office located in Parsippany, New Jersey and relocated those functions as well as certain functions located in Battle Creek, Michigan to the Lakeville office. The Parsippany office closure was substantially completed in February 2016. In March 2015, the Company announced its plan to close its facility in Boise, Idaho, which manufactured certain PowerBar products distributed in North America. Plant production ceased in June 2015 and the facility was sold in September 2015. In April 2013, the Company announced management’s decision to close its cereal plant located in Modesto, California as part of a cost savings and capacity rationalization effort. The transfer of production capabilities and closure of the plant was completed during September 2014, and no additional restructuring costs were incurred in fiscal 2015 or 2016. Restructuring charges and the related liabilities are shown in the following table. Employee-Related Costs Pension Curtailment Accelerated Depreciation Total Balance at September 30, 2014 $ 0.7 $ — $ — $ 0.7 Charge to expense 3.1 — — 3.1 Cash payments (0.5 ) — — (0.5 ) Non-cash charges — — — — Balance at March 31, 2015 $ 3.3 $ — $ — $ 3.3 Balance at September 30, 2015 $ 10.5 $ — $ — $ 10.5 Charge to expense 1.3 — 0.4 1.7 Cash payments (6.1 ) — — (6.1 ) Non-cash charges (0.6 ) — (0.4 ) (1.0 ) Balance at March 31, 2016 $ 5.1 $ — $ — $ 5.1 Total expected restructuring charge $ 17.7 $ 1.7 $ 20.1 $ 39.5 Cumulative restructuring charges incurred to date 17.7 1.7 20.1 39.5 Remaining expected restructuring charge $ — $ — $ — $ — In the three and six months ended March 31, 2016, the Company incurred total restructuring charges of $0.5 and $1.7 , respectively, which were reported in “Selling, general and administrative expenses” in the Condensed Consolidated Statements of Operations. In both the three and six months ended March 31, 2015, the Company incurred total restructuring charges of $3.1 , which were reported in “Selling, general and administrative expenses” in the Condensed Consolidated Statements of Operations. These expenses are not included in the measure of segment performance (see Note 16). Assets Held for Sale Related to the closures of its Modesto, California and Farmers Branch, Texas facilities, the Company has land, building, machinery and equipment classified as assets held for sale. The carrying value of the assets included in “Prepaid expenses and other current assets” on the Condensed Consolidated Balance Sheets was $12.7 and $11.4 as of March 31, 2016 and September 30, 2015, respectively. Held for sale losses of $4.4 and $8.4 were recorded in the three and six months ended March 31, 2016, respectively, to adjust the carrying value of the assets to their fair value less estimated selling costs. Held for sale losses of $15.4 and $22.5 were recorded in the three and six months ended March 31, 2015, respectively, to adjust the carrying value of the assets to their fair value less estimated selling costs. These losses are reported as “Other operating expenses, net” on the Condensed Consolidated Statements of Operations.

Business Combinations

Business Combinations	6 Months Ended
Business Combinations	Mar. 31, 2016
Business Combinations [Abstract]
Business Combinations	BUSINESS COMBINATIONS AND DIVESTITURES On October 3, 2015, the Company completed its acquisition of Willamette Egg Farms (“WEF”) for $90.0 , subject to working capital and other adjustments, resulting in a payment at closing of $109.0 . In December 2015, a final settlement of net working capital and other adjustments was reached, resulting in an additional amount paid by the Company of $4.6 . WEF is a producer, processor and wholesale distributor of eggs and egg products and is reported in Post’s Michael Foods Group segment (see Note 16). Based upon the preliminary purchase price allocation, the Company has recorded $12.7 of customer relationships to be amortized over a weighted-average period of 20 years and $2.5 to trademarks and brands to be amortized over a weighted-average period of 20 years. Net sales included in the Condensed Consolidated Statements of Operations was $22.3 and $52.0 , for the three and six months ended March 31, 2016, respectively. Operating profit included in the Condensed Consolidated Statements of Operations was $4.2 and $12.6 for the three and six months ended March 31, 2016, respectively. On May 4, 2015, Post completed its acquisition of MOM Brands Company (“MOM Brands”), a manufacturer and distributer of ready-to-eat (“RTE”) cereals. MOM Brands is reported in the Post Consumer Brands segment (see Note 16). The closing purchase price of the transaction was $1,181.5 and was partially paid by the issuance of 2.45 shares of the Company’s common stock to the former owners of MOM Brands. The shares were valued at the May 1, 2015 closing price of $46.60 per share for a total issuance of $114.4 . In September 2015, a final settlement of net working capital and other adjustments was reached, resulting in an amount back to the Company of $4.0 . On November 1, 2014, the Company completed its acquisition of American Blanching Company (“ABC”) for $128.0 . ABC is a manufacturer of peanut butter for national brands, private label retail and industrial markets and provider of peanut blanching, granulation and roasting services for the commercial peanut industry. ABC is reported in Post’s Private Brands segment (see Note 16). On October 1, 2014, the Company completed its acquisition of the PowerBar and Musashi brands and related worldwide assets from Nestlé S.A (“PowerBar”) for $150.0 , subject to a working capital adjustment, which resulted in a payment at closing of $136.1 . In March 2015, a final settlement of net working capital and other adjustments was reached, resulting in an amount back to the Company of $1.7 . PowerBar is reported in the Active Nutrition segment (see Note 16). Each of the acquisitions was accounted for using the acquisition method of accounting, whereby the results of operations are included in the financial statements from the date of acquisition. The respective purchase prices were allocated to acquired assets and assumed liabilities based on their estimated fair values at the date of acquisition, and any excess was allocated to goodwill, as shown in the table below. Goodwill represents the value the Company expects to achieve through the implementation of operational synergies and the expansion of the business into new or growing segments of the industry. The Company expects the final fair value of goodwill related to the acquisition of WEF to be deductible for U.S. income tax purposes. Certain estimated values for the WEF acquisition, including goodwill, intangible assets, inventory and deferred taxes, are not yet finalized pending the final purchase price allocation and are subject to change once additional information is obtained. The following table provides the preliminary allocation of the purchase price related to the fiscal 2016 acquisition of WEF based upon the fair value of assets and liabilities assumed. Cash and cash equivalents $ 19.2 Receivables 11.1 Inventories 10.3 Prepaid expenses and other current assets 0.5 Property 56.2 Goodwill 4.2 Other intangible assets 15.2 Other assets 0.1 Accounts payable (2.2 ) Other current liabilities (1.0 ) Total acquisition cost $ 113.6 Divestitures In March 2016, the Company sold certain assets of the Michael Foods Canadian business, included in the Michael Foods Group segment (see Note 16), to a third party for $6.9 , subject to working capital and other adjustments estimated to be $0.5 , resulting in net cash received of $6.4 . The Company recorded a gain of $2.0 related to the transaction in March 2016 which includes $1.3 of foreign exchange gains that were previously included in accumulated other comprehensive income. This gain is included in “Other operating expenses, net” in the Condensed Consolidated Statements of Operations. On July 1, 2015, the Company sold the PowerBar Australia assets and Musashi trademark. In February 2016, a final settlement of net working capital was reached related to the sale of the PowerBar Australia assets and Musashi trademark, resulting in an amount paid by the Company of $0.2 . Transaction related costs The Company incurred acquisition and divestiture related expenses of $0.2 and $2.2 during the three and six months ended March 31, 2016, respectively, and $1.8 and $6.8 during the three and six months ended March 31, 2015, respectively. The costs are recorded as “Selling, general and administrative expenses,” and include amounts for transactions that were signed, spending for due diligence on potential acquisitions that were not signed or announced at the time of the Company’s reporting, and spending for divestiture transactions. Pro Forma Information The following unaudited pro forma information presents a summary of the results of operations of the Company combined with the aggregate results of WEF, MOM Brands, ABC and PowerBar for the periods presented as if the fiscal 2016 acquisition of WEF had occurred on October 1, 2014 and the fiscal 2015 acquisitions had occurred on October 1, 2013, along with certain pro forma adjustments. These pro forma adjustments give effect to the amortization of certain definite-lived intangible assets, adjusted depreciation based upon fair value of assets acquired, interest expense related to the financing of the business combinations, inventory revaluation adjustments on acquired business and related income taxes. The following unaudited pro forma information has been prepared for comparative purposes only and is not necessarily indicative of the results of operations as they would have been had the acquisitions occurred on the assumed dates, nor is it necessarily an indication of future operating results. Three Months Ended Six Months Ended 2016 2015 2016 2015 Pro forma net sales $ 1,271.1 $ 1,268.1 $ 2,519.9 $ 2,578.0 Pro forma net earnings (loss) available to common shareholders 1.5 29.9 13.2 (58.3 ) Pro forma basic earnings (loss) per common share $ 0.02 $ 0.55 $ 0.19 $ (1.12 ) Pro forma diluted earnings (loss) per common share $ 0.02 $ 0.44 $ 0.19 $ (1.12 )

Goodwill

Goodwill	6 Months Ended
Goodwill	Mar. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	GOODWILL The changes in the carrying amount of goodwill by segment are noted in the following table. Post Consumer Brands Michael Foods Group Active Nutrition Private Brands Total Balance, September 30, 2015 Goodwill (gross) $ 1,993.9 $ 1,341.6 $ 180.7 $ 254.0 $ 3,770.2 Accumulated impairment losses (609.1 ) — (88.3 ) — (697.4 ) Goodwill (net) $ 1,384.8 $ 1,341.6 $ 92.4 $ 254.0 $ 3,072.8 Goodwill acquired — 4.2 — — 4.2 Currency translation adjustment 0.2 — — 4.2 4.4 Balance, March 31, 2016 Goodwill (gross) $ 1,994.1 $ 1,345.8 $ 180.7 $ 258.2 $ 3,778.8 Accumulated impairment losses (609.1 ) — (88.3 ) — (697.4 ) Goodwill (net) $ 1,385.0 $ 1,345.8 $ 92.4 $ 258.2 $ 3,081.4

Income Taxes

Income Taxes	6 Months Ended
Income Taxes	Mar. 31, 2016
Income Tax Disclosure [Abstract]
Income Taxes	INCOME TAXES For the three and six months ended March 31, 2016, the effective income tax rate was 187.5% and 9.5% , respectively. In accordance with ASC Topic 740, the Company recorded tax (benefit) expense for the three and six months ended March 31, 2016 using the estimated annual effective tax rate for the full fiscal year adjusted for the impact of discrete items occurring during the three and six month periods. Our effective tax rate differed significantly from our statutory rate as a result of discrete items occurring in the second quarter of fiscal 2016 primarily relating to the Company’s decision to exit its Canadian egg business reported in the Michael Foods Group segment (see Note 4) and the expectation the Domestic Production Activities Deduction under the Internal Revenue Code (“DPAD”) will have a favorable impact on the effective income tax rate. For the three and six months ended March 31, 2015, the effective income tax rate was 178.4% and 40.7% , respectively. In accordance with ASC Topic 740, the Company’s tax benefit recognized for the year-to-date loss was limited to the amount that would be recognized if the year-to-date ordinary loss was the anticipated ordinary loss for the fiscal year. The estimated annual effective tax rate differed from the statutory tax rate primarily due to the expectation that nondeductible merger and acquisition expenses and other permanently nondeductible expenses would have an unfavorable impact on the effective income tax rate and the expectation that the DPAD and tax planning strategies implemented for certain recent acquisitions would have a favorable impact on the effective income tax rate.

Intangible Assets, net

Intangible Assets, net	6 Months Ended
Intangible Assets, net	Mar. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets, net	INTANGIBLE ASSETS, NET Total intangible assets are as follows: March 31, 2016 September 30, 2015 Carrying Accumulated Amortization Net Carrying Accumulated Amortization Net Subject to amortization: Customer relationships $ 2,013.6 $ (247.6 ) $ 1,766.0 $ 1,998.6 $ (192.7 ) $ 1,805.9 Trademarks/brands 795.4 (99.9 ) 695.5 780.9 (79.1 ) 701.8 Other intangible assets 21.9 (6.6 ) 15.3 21.3 (5.4 ) 15.9 2,830.9 (354.1 ) 2,476.8 2,800.8 (277.2 ) 2,523.6 Not subject to amortization: Trademarks/brands 434.5 — 434.5 445.7 — 445.7 $ 3,265.4 $ (354.1 ) $ 2,911.3 $ 3,246.5 $ (277.2 ) $ 2,969.3

Earnings (Loss) Per Share

Earnings (Loss) Per Share	6 Months Ended
Earnings (Loss) Per Share	Mar. 31, 2016
Earnings Per Share [Abstract]
Earnings (Loss) per Share	EARNINGS (LOS S) PER SHARE Basic earnings (loss) per share is based on the average number of common shares outstanding during the period. Diluted earnings (loss) per share is based on the average number of shares used for the basic earnings per share calculation, adjusted for the dilutive effect of stock options, stock appreciation rights and restricted stock equivalents using the “treasury stock” method. The impact of potentially dilutive convertible preferred stock is calculated using the “if-converted” method. The Company’s tangible equity units (“TEUs”) are assumed to be settled at the minimum settlement amount of 1.7114 shares per TEU for weighted-average shares for basic earnings (loss) per share. For diluted earnings (loss) per share, the shares, to the extent dilutive, are assumed to be settled at a conversion factor based on the Company’s daily volume-weighted-average price per share of the Company’s common stock not to exceed 2.0964 shares per TEU. The following table sets forth the computation of basic and diluted earnings (loss) per share for the three and six months ended March 31, 2016 and 2015. Three Months Ended Six Months Ended 2016 2015 2016 2015 Net earnings (loss) for basic earnings (loss) per share $ 1.5 $ 26.3 $ 12.0 $ (75.3 ) Net earnings (loss) for diluted earnings (loss) per share $ 1.5 $ 30.5 $ 12.0 $ (75.3 ) Weighted-average shares outstanding 64.2 49.6 63.4 47.2 Effect of TEUs on weighted-average shares for basic earnings (loss) per share 4.9 4.9 4.9 4.9 Weighted-average shares for basic earnings (loss) per share 69.1 54.5 68.3 52.1 Effect of dilutive securities: Stock options 1.0 0.6 1.0 — Stock appreciation rights 0.1 0.1 0.1 — Restricted stock awards 0.3 0.3 0.3 — TEUs — 1.1 — — Preferred shares conversion to common — 11.0 — — Total dilutive securities 1.4 13.1 1.4 — Weighted-average shares for diluted earnings (loss) per share 70.5 67.6 69.7 52.1 Basic earnings (loss) per common share $ 0.02 $ 0.48 $ 0.18 $ (1.45 ) Diluted earnings (loss) per common share $ 0.02 $ 0.45 $ 0.17 $ (1.45 ) The following table details the securities that have been excluded from the calculation of weighted-average shares for diluted earnings (loss) per share as they were anti-dilutive. Three Months Ended Six Months Ended 2016 2015 2016 2015 Stock options 0.3 1.3 0.3 4.6 Stock appreciation rights — 0.1 — 0.3 Restricted stock awards 0.2 — 0.4 0.5 TEUs — — — 1.1 Preferred shares conversion to common 9.1 — 9.1 11.0

Inventories

Inventories	6 Months Ended
Inventories	Mar. 31, 2016
Inventory [Abstract]
Inventories	INVENTORIES March 31, 2016 September 30, 2015 Raw materials and supplies $ 126.0 $ 142.5 Work in process 16.3 15.3 Finished products 317.9 286.8 Flocks 31.3 20.7 $ 491.5 $ 465.3

Property, net

Property, net	6 Months Ended
Property, net	Mar. 31, 2016
Property, Plant and Equipment [Abstract]
Property, net	PROPERTY, NET March 31, 2016 September 30, 2015 Property, at cost $ 1,815.5 $ 1,737.7 Accumulated depreciation (473.6 ) (404.5 ) $ 1,341.9 $ 1,333.2

Derivative Financial Instrument

Derivative Financial Instruments and Hedging	6 Months Ended
Derivative Financial Instruments and Hedging	Mar. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative financial instruments and hedging	DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING In the ordinary course of business, the Company is exposed to commodity price risks relating to the acquisition of raw materials and supplies, interest rate risks relating to floating rate debt, and foreign currency exchange rate risks relating to its foreign subsidiaries. The Company utilizes derivative financial instruments, including (but not limited to) futures contracts, option contracts, forward contracts and swaps, to manage certain of these exposures by hedging when it is practical to do so. The Company does not hold or issue financial instruments for speculative or trading purposes. The Company maintains options, futures contracts and interest rate swaps which have been designated as economic hedges of raw materials, energy purchases and variable rate debt. At March 31, 2016, the notional amounts of commodity and energy contracts were $32.6 and $23.2 , respectively. These contracts relate to inputs that generally will be utilized within the next 12 months. At March 31, 2016 and September 30, 2015, the Company had pledged collateral of $6.7 and $10.7 , respectively, related to its commodity and energy contracts. These amounts are classified as “Restricted cash” on the Condensed Consolidated Balance Sheets. At March 31, 2016, the Company had a liability of $4.9 related to open and closed commodity and energy option contracts and associated fees that have not been cash settled. Of the total liability, $3.0 is included in “Other current liabilities” and $1.9 is included in “Other liabilities” on the Condensed Consolidated Balance Sheets. Payment for these contracts is due at the time the option is closed or expires. As of March 31, 2016, the Company had interest rate swaps with a notional amount of $78.3 that obligate Post to pay a fixed rate of 3.1% and receive one-month LIBOR. These swaps have the effect of converting a portion of the Company’s variable interest rate term loan debt to fixed interest rates beginning in June 2016 and ending in May 2021. In addition, the Company has interest rate swaps with a $750.0 notional amount that obligate Post to pay a weighted-average fixed rate of approximately 4.0% and receive three-month LIBOR and will result in a net lump sum settlement in July 2018, as well as interest rate swaps with a $899.3 notional amount that obligate Post to pay a weighted-average fixed rate of approximately 3.7% and receive three-month LIBOR and will result in a net lump sum settlement in December 2019. Commodity and energy derivatives are valued using an income approach based on index prices less the contract rate multiplied by the notional amount. The Company’s calculation of the fair value of interest rate swaps is derived from a discounted cash flow analysis based on the terms of the contract and the interest rate curve. The following tables present the balance sheet location and fair value of the Company’s derivative instruments on a gross and net basis as of March 31, 2016 and September 30, 2015. Fair Value of Assets as of March 31, 2016 Balance Sheet Location Gross Amounts of Recognized Assets Gross Amounts Offset in the Condensed Consolidated Balance Sheets Net Amounts of Assets Presented in the Condensed Consolidated Balance Sheets Commodity contracts Prepaid expenses and other current assets $ 2.1 $ — $ 2.1 Energy contracts Prepaid expenses and other current assets 1.2 — 1.2 $ 3.3 $ — $ 3.3 Fair Value of Liabilities as of March 31, 2016 Balance Sheet Location Gross Amounts of Recognized Liabilities Gross Amounts Offset in the Condensed Consolidated Balance Sheets Net Amounts of Liabilities Presented in the Condensed Consolidated Balance Sheets Commodity contracts Other current liabilities $ 0.9 $ — $ 0.9 Energy contracts Other current liabilities 4.0 — 4.0 Interest rate swaps Other current liabilities 1.4 — 1.4 Interest rate swaps Other liabilities 238.2 — 238.2 $ 244.5 $ — $ 244.5 Fair Value of Assets as of September 30, 2015 Balance Sheet Location Gross Amounts of Recognized Assets Gross Amounts Offset in the Condensed Consolidated Balance Sheets Net Amounts of Assets Presented in the Condensed Consolidated Balance Sheets Commodity contracts Prepaid expenses and other current assets $ 0.4 $ — $ 0.4 Energy contracts Prepaid expenses and other current assets 0.2 — 0.2 $ 0.6 $ — $ 0.6 Fair Value of Liabilities as of September 30, 2015 Balance Sheet Location Gross Amounts of Recognized Liabilities Gross Amounts Offset in the Condensed Consolidated Balance Sheets Net Amounts of Liabilities Presented in the Condensed Consolidated Balance Sheets Commodity contracts Other current liabilities $ 1.2 $ — $ 1.2 Energy contracts Other current liabilities 4.7 — 4.7 Interest rate swaps Other current liabilities 4.9 — 4.9 Interest rate swaps Other liabilities 127.9 — 127.9 $ 138.7 $ — $ 138.7 The following table presents the recognized (gain) loss from derivative instruments that were not designated as qualified hedging instruments on the Company’s Condensed Consolidated Statements of Operations. (Gain) Loss Recognized in Earnings (Loss) Location of (Gain) Loss Recognized in Earnings (Loss) Three Months Ended Six Months Ended March 31, 2016 2015 2016 2015 Commodity contracts Cost of goods sold $ (0.2 ) $ (0.2 ) $ 4.2 $ (8.4 ) Energy contracts Cost of goods sold 0.8 (4.9 ) 4.9 3.6 Interest rate swaps Other expense 90.9 28.8 106.8 83.4

Fair Value Measurements

Fair Value Measurements	6 Months Ended
Fair Value Measurements	Mar. 31, 2016
Fair Value Disclosures [Abstract]
Fair value measurements	FAIR VALUE MEASUREMENTS The following table represents Post’s assets and liabilities measured at fair value on a recurring basis and the basis for that measurement according to the levels in the fair value hierarchy in ASC Topic 820. March 31, 2016 September 30, 2015 Total Level 1 Level 2 Total Level 1 Level 2 Assets: Deferred compensation investment $ 10.7 $ 10.7 $ — $ 10.3 $ 10.3 $ — Derivative assets 3.3 — 3.3 0.6 — 0.6 $ 14.0 $ 10.7 $ 3.3 $ 10.9 $ 10.3 $ 0.6 Liabilities: Deferred compensation liabilities $ 15.5 $ — $ 15.5 $ 14.2 $ — $ 14.2 Derivative liabilities 244.5 — 244.5 138.7 — 138.7 $ 260.0 $ — $ 260.0 $ 152.9 $ — $ 152.9 The following table represents the fair value of Post’s long-term debt which is classified as Level 2 in the fair value hierarchy per ASC Topic 820: March 31, September 30, 2015 Senior notes $ 4,349.7 $ 4,112.5 Term loan 374.9 374.0 TEUs 22.8 28.6 4.57% 2012 Series Bond maturing September 2017 1.9 2.9 Capital leases — 2.8 $ 4,749.3 $ 4,520.8 The fair value hierarchy is based on inputs to valuation techniques that are used to measure fair value that are either observable or unobservable. Observable inputs reflect assumptions market participants would use in pricing an asset or liability based on market data obtained from independent sources, while unobservable inputs reflect a reporting entity’s pricing based upon its own market assumptions. The fair value hierarchy consists of three levels: Level 1 — Inputs are quoted prices in active markets for identical assets or liabilities. Level 2 — Inputs are quoted prices of similar assets or liabilities in an active market, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable and market-corroborated inputs which are derived principally from or corroborated by observable market data. Level 3 — Inputs are derived from valuation techniques in which one or more significant inputs or value drivers are unobservable. The deferred compensation investment is invested primarily in mutual funds and its fair value is measured using the market approach. This investment is in the same funds and purchased in substantially the same amounts as the participants’ selected investment options (excluding Post common stock equivalents), which represent the underlying liabilities to participants in the Company’s deferred compensation plans. Deferred compensation liabilities are recorded at amounts due to participants in cash, based on the fair value of participants’ selected investment options (excluding certain Post common stock equivalents to be distributed in shares) using the market approach. The Company utilizes the income approach to measure fair value for its derivative assets, which include options and futures contracts for commodities and energy. The income approach uses pricing models that rely on market observable inputs such as yield curves and forward prices. Changes in the deferred compensation investment and related liability are recorded as a component of selling, general and administrative expenses. Refer to Note 11 for the classification of changes in fair value of derivative assets and liabilities measured at fair value on a recurring basis within the Condensed Consolidated Statements of Operations. As stated previously (see Note 3), the Company has land, building, machinery and equipment classified as assets held for sale related to the closure of its Modesto, California and Farmers Branch, Texas facilities. At March 31, 2016 and September 30, 2015, the carrying value and estimated fair value less estimated costs to sell the assets held for sale was $12.7 and $11.4 , respectively, and is included in “Prepaid expenses and other current assets” on the Condensed Consolidated Balance Sheets. The fair value of the assets held for sale were measured at fair value on a nonrecurring basis based on third-party offers to purchase the assets, along with management’s own assumptions. The fair value measurement was categorized as Level 3, as the fair values utilize significant unobservable inputs. The following table summarizes the Level 3 activity. Balance, September 30, 2015 $ 11.4 Transfers into held for sale 10.1 Losses on assets held for sale (8.4 ) Cash received from sale of assets (0.4 ) Balance, March 31, 2016 $ 12.7 The carrying amounts reported on the Condensed Consolidated Balance Sheets for cash and cash equivalents, receivables and accounts payable approximate fair value because of the short maturities (less than 12 months) of these financial instruments.

Shareholders' Equity

Shareholders' Equity	6 Months Ended
Shareholders' Equity	Mar. 31, 2016
Stockholders' Equity Note [Abstract]
Shareholders' equity	SHAREHOLDERS’ EQUITY In December 2015, the Company and a holder of the Company’s 3.75% Series B Cumulative Perpetual Convertible Preferred Stock (the “Series B Preferred”) entered into an exchange agreement pursuant to which the shareholder agreed to deliver 0.9 shares of the Series B Preferred to the Company in exchange for 2.0 shares of common stock and $10.9 in cash. The number of shares of common stock exchanged in the transaction was based upon the current conversion rate, under the Certificate of Designation, Rights and Preferences for the Series B Preferred, of 2.1192 shares of common stock per share of Series B Preferred. The cash received was recorded as “Additional paid-in capital” on the Condensed Consolidated Balance Sheets. The Company may, from time to time, enter into common stock structured repurchase arrangements with financial institutions using general corporate funds. Under such arrangements, the Company will pay a fixed sum of cash upon execution of each agreement in exchange for the right to receive either a pre-determined amount of cash or Post common stock. Upon expiration of each agreement, if the closing market price of Post’s common stock is above the pre-determined price, the Company will have the initial investment returned with a premium in cash. If the closing market price of Post’s common stock is at or below the pre-determined price, the Company will receive the number of shares specified in the agreement. In March 2016, the Company entered into a structured share repurchase arrangement which required cash payments totaling $28.3 , including transaction-related fees of $0.2 . This arrangement will settle in May 2016 and will result in the receipt of either 0.5 million shares of the Company’s common stock or cash of $29.4 . Under these arrangements, any prepayments or cash payments at settlement are recorded as “Additional paid-in capital” on the Condensed Consolidated Balance Sheets.

Long-Term Debt

Long-Term Debt	6 Months Ended
Long-Term Debt	Mar. 31, 2016
Debt Disclosure [Abstract]
Long-Term Debt	LONG-TERM DEBT Long-term debt as of the dates indicated consists of the following: March 31, 2016 September 30, 2015 7.375% Senior Notes maturing February 2022 $ 1,375.0 $ 1,375.0 6.75% Senior Notes maturing December 2021 875.0 875.0 6.00% Senior Notes maturing December 2022 630.0 630.0 7.75% Senior Notes maturing March 2024 800.0 800.0 8.00% Senior Notes maturing July 2025 400.0 400.0 Term Loan 374.4 374.4 TEUs 18.2 25.1 4.57% 2012 Series Bond maturing September 2017 1.9 2.9 Capital leases — 2.8 $ 4,474.5 $ 4,485.2 Less: Current Portion (15.7 ) (16.0 ) Plus: Unamortized premiums, net of discounts 39.4 42.2 Total long-term debt $ 4,498.2 $ 4,511.4 On January 29, 2014, the Company entered into a credit agreement (as subsequently amended, the “Credit Agreement”). The Credit Agreement provides for a revolving credit facility with an aggregate principal value of $400.0 as well as an incremental term loan. The revolving credit facility has outstanding letters of credit of $12.1 which reduced the available borrowing capacity to $387.9 at March 31, 2016. The Credit Agreement contains customary financial covenants including (a) a quarterly maximum senior secured leverage ratio of 3.00 to 1.00, and (b) a quarterly minimum interest coverage ratio of 1.75 to 1.00. The Credit Agreement permits the Company to incur additional unsecured debt only if its consolidated interest coverage ratio, calculated as provided in the Credit Agreement, would be greater than 2.00 to 1.00 after giving effect to such new debt. The Credit Agreement provides for customary events of default, including material breach of representations and warranties, failure to make required payments, failure to comply with certain agreements or covenants, failure to pay, or default under, certain other material indebtedness, certain events of bankruptcy and insolvency, inability to pay debts, the occurrence of one or more unstayed or undischarged judgments in excess of $75.0 or attachments issued against a material part of the Company’s property, change in control, the invalidity of any loan document, the failure of the collateral documents to create a valid and perfected first priority lien and certain ERISA events. Upon the occurrence of an event of default, the maturity of the loans under the Credit Agreement may be accelerated and the agent and lenders under the Credit Agreement may exercise other rights and remedies available at law or under the loan documents, including with respect to the collateral and guarantees for the Company’s obligations under the Credit Agreement. Debt Covenants Under the terms of the Credit Agreement, the Company is required to comply with certain financial covenants consisting of ratios for quarterly maximum senior secured leverage and minimum interest coverage. As of March 31, 2016, the Company was in compliance with such financial covenants. The Company does not believe non-compliance is reasonably likely in the foreseeable future.

Pension and Other Postretiremen

Pension and Other Postretirement Benefits	6 Months Ended
Pension and Other Postretirement Benefits	Mar. 31, 2016
Pension and Other Postretirement Benefit Expense [Abstract]
Pension and other postretirement benefits	PENSION AND OTHER POSTRETIREMENT BENEFITS The Company maintains qualified defined benefit plans in the United States and Canada for its Post Consumer Brands segment. Certain of the Company’s employees are eligible to participate in the Company’s qualified and supplemental noncontributory defined benefit pension plans and other postretirement benefit plans (partially subsidized retiree health and life insurance) or separate plans for Post Foods Canada Inc. Amounts for the Canadian plans are included in these disclosures and are not disclosed separately because they do not constitute a significant portion of the combined amounts. The following tables provide the components of net periodic benefit cost for the plans. Pension Benefits Three Months Ended Six Months Ended 2016 2015 2016 2015 Components of net periodic benefit cost Service cost $ 1.0 $ 0.9 $ 2.0 $ 1.9 Interest cost 0.6 0.5 1.2 1.1 Expected return on plan assets (0.6 ) (0.5 ) (1.3 ) (1.2 ) Recognized net actuarial loss 0.2 0.2 0.5 0.4 Recognized prior service cost 0.1 0.1 0.2 0.2 Net periodic benefit cost $ 1.3 $ 1.2 $ 2.6 $ 2.4 Other Benefits Three Months Ended Six Months Ended 2016 2015 2016 2015 Components of net periodic benefit cost Service cost $ 0.4 $ 0.5 $ 0.8 $ 1.0 Interest cost 1.1 1.2 2.4 2.4 Recognized net actuarial loss 0.3 0.3 0.7 0.7 Recognized prior service credit (0.6 ) (0.4 ) (0.9 ) (0.8 ) Net periodic benefit cost $ 1.2 $ 1.6 $ 3.0 $ 3.3 In the second quarter of fiscal 2016, the Company finalized a new collective bargaining agreement that resulted in an amendment to its other postretirement benefit plan. As a result of this amendment, the Company remeasured its other benefits obligation using inputs as of February 29, 2016 and a gain of $36.1 ( $22.3 , net of tax) was recognized in accumulated other comprehensive income (loss) with an offsetting reduction in the accumulated postretirement benefit obligation.

Segments

Segments	6 Months Ended
Segments	Mar. 31, 2016
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	SEGMENTS The Company’s reportable segments are as follows: • Post Consumer Brands: primarily RTE cereals; • Michael Foods Group: eggs, potatoes, cheese and pasta; • Active Nutrition: protein shakes, bars and powders and nutritional supplements; and • Private Brands: primarily peanut and other nut butters, dried fruit and nuts, and granola. Management evaluates each segment’s performance based on its segment profit, which is its operating profit before impairment of property and intangible assets, facility closure related costs, restructuring expenses, losses on assets held for sale, gain on sale of business and other unallocated corporate income and expenses. The following tables present information about the Company’s reportable segments, including corresponding amounts for the prior year. Three Months Ended Six Months Ended 2016 2015 2016 2015 Net Sales Post Consumer Brands $ 440.1 $ 243.9 $ 851.7 $ 461.4 Michael Foods Group 557.7 550.3 1,144.1 1,149.6 Active Nutrition 143.8 134.6 259.6 265.0 Private Brands 129.7 124.9 265.3 252.7 Eliminations (0.2 ) (1.0 ) (0.8 ) (2.1 ) Total $ 1,271.1 $ 1,052.7 $ 2,519.9 $ 2,126.6 Segment Profit (Loss) Post Consumer Brands $ 74.7 $ 50.8 $ 137.6 $ 88.4 Michael Foods Group 89.6 39.8 170.4 81.9 Active Nutrition 13.8 (4.5 ) 24.3 (10.8 ) Private Brands 7.7 10.4 20.6 17.3 Total segment profit 185.8 96.5 352.9 176.8 General corporate expenses and other 23.3 46.8 57.5 86.2 Interest expense, net 77.2 59.8 155.0 119.9 Other expense 90.9 28.8 106.8 83.4 (Loss) earnings before income taxes $ (5.6 ) $ (38.9 ) $ 33.6 $ (112.7 ) Depreciation and amortization Post Consumer Brands $ 26.2 $ 12.0 $ 52.5 $ 24.2 Michael Foods Group 36.1 36.5 70.5 73.1 Active Nutrition 6.2 6.9 12.4 13.8 Private Brands 6.2 6.5 12.4 12.5 Total segment depreciation and amortization 74.7 61.9 147.8 123.6 Corporate and accelerated depreciation 1.7 1.3 3.4 2.7 Total $ 76.4 $ 63.2 $ 151.2 $ 126.3 Assets March 31, 2016 September 30, 2015 Post Consumer Brands $ 3,433.6 $ 3,473.0 Michael Foods Group 3,535.4 3,506.0 Active Nutrition 641.8 645.4 Private Brands 653.3 651.6 Corporate 940.4 944.4 Total $ 9,204.5 $ 9,220.4

Condensed Consolidating Financi

Condensed Consolidating Financial Statements of Guarantors	6 Months Ended
Condensed Consolidating Financial Statements of Guarantors	Mar. 31, 2016
Schedule Of Condensed Financial Statements [Abstract]
Guarantor Financials	CONDENSED CONSOLIDATING FINANCIAL STATEMENTS OF GUARANTORS All of the Company’s senior notes (see Note 14) are fully and unconditionally guaranteed, jointly and severally, on a senior unsecured basis by each of our existing 100% owned domestic subsidiaries and future domestic subsidiaries, the “Guarantors.” Our foreign subsidiaries, the “Non-Guarantors,” do not guarantee the senior notes. These guarantees are subject to release in limited circumstances (only upon the occurrence of certain customary conditions). Set forth below are the condensed consolidating financial statements presenting the results of operations, financial position and cash flows of the Parent Company (Post Holdings, Inc.), the Guarantors on a combined basis, the Non-Guarantors on a combined basis and eliminations necessary to arrive at the information for the Company as reported, on a consolidated basis. The Condensed Consolidating Financial Statements present the Parent Company’s investments in subsidiaries using the equity method of accounting. Eliminations represent adjustments to eliminate investments in subsidiaries and intercompany balances and transactions between or among the Parent Company, the Guarantor and the Non-Guarantor subsidiaries. Post Holdings, Inc. and all of its domestic subsidiaries form a single consolidated tax group for U.S. income tax purposes. Accordingly, income tax expense has been presented on the Guarantors’ Condensed Statements of Operations using the consolidated U.S. effective tax rate for the Company. Income tax payable and deferred tax items for the consolidated U.S. tax paying group reside solely on the Parent Company’s Condensed Consolidated Balance Sheets. POST HOLDINGS, INC. CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS (Unaudited) Three Months Ended March 31, 2016 Parent Non- Company Guarantors Guarantors Eliminations Total Net Sales $ — $ 1,156.0 $ 130.4 $ (15.3 ) $ 1,271.1 Cost of goods sold — 765.0 112.1 (15.3 ) 861.8 Gross Profit — 391.0 18.3 — 409.3 Selling, general and administrative expenses 4.9 189.9 10.8 — 205.6 Amortization of intangible assets — 35.9 2.2 — 38.1 Other operating expenses (income), net — 12.8 (9.7 ) — 3.1 Operating (Loss) Profit (4.9 ) 152.4 15.0 — 162.5 Interest expense (income), net 74.8 (0.3 ) 2.7 — 77.2 Other expense 90.9 — — — 90.9 (Loss) Earnings before Income Taxes (170.6 ) 152.7 12.3 — (5.6 ) Income tax expense (benefit) 8.0 (19.7 ) 1.2 — (10.5 ) Net (Loss) Earnings before Equity in Subsidiaries (178.6 ) 172.4 11.1 — 4.9 Equity earnings in subsidiaries 183.5 8.7 — (192.2 ) — Net Earnings $ 4.9 $ 181.1 $ 11.1 $ (192.2 ) $ 4.9 Total Comprehensive Income $ 46.6 $ 203.1 $ 21.0 $ (224.1 ) $ 46.6 Three Months Ended March 31, 2015 Parent Non- Company Guarantors Guarantors Eliminations Total Net Sales $ — $ 957.6 $ 106.0 $ (10.9 ) $ 1,052.7 Cost of goods sold — 699.8 88.3 (10.9 ) 777.2 Gross Profit — 257.8 17.7 — 275.5 Selling, general and administrative expenses 5.3 157.6 13.5 — 176.4 Amortization of intangible assets — 31.3 2.4 — 33.7 Other operating expenses, net — 15.5 0.2 — 15.7 Operating (Loss) Profit (5.3 ) 53.4 1.6 — 49.7 Interest expense (income), net 56.9 (0.2 ) 3.1 — 59.8 Other expense 28.8 — — — 28.8 (Loss) Earnings before Income Taxes (91.0 ) 53.6 (1.5 ) — (38.9 ) Income tax (benefit) expense (121.9 ) 52.5 — — (69.4 ) Net Earnings (Loss) before Equity in Subsidiaries 30.9 1.1 (1.5 ) — 30.5 Equity loss in subsidiaries (0.4 ) (0.6 ) — 1.0 — Net Earnings (Loss) $ 30.5 $ 0.5 $ (1.5 ) $ 1.0 $ 30.5 Total Comprehensive Income (Loss) $ 4.1 $ 0.8 $ (14.7 ) $ 13.9 $ 4.1 Six Months Ended March 31, 2016 Parent Non- Company Guarantors Guarantors Eliminations Total Net Sales $ — $ 2,278.2 $ 272.7 $ (31.0 ) $ 2,519.9 Cost of goods sold — 1,547.4 231.7 (31.0 ) 1,748.1 Gross Profit — 730.8 41.0 — 771.8 Selling, general and administrative expenses 9.5 363.7 19.4 — 392.6 Amortization of intangible assets — 71.7 4.5 — 76.2 Other operating expenses (income), net — 17.3 (9.7 ) — 7.6 Operating (Loss) Profit (9.5 ) 278.1 26.8 — 295.4 Interest expense (income), net 150.0 (0.5 ) 5.5 — 155.0 Other expense 106.8 — — — 106.8 (Loss) Earnings before Income Taxes (266.3 ) 278.6 21.3 — 33.6 Income tax (benefit) expense (25.4 ) 24.8 3.8 — 3.2 Net (Loss) Earnings before Equity in Subsidiaries (240.9 ) 253.8 17.5 — 30.4 Equity earnings in subsidiaries 271.3 8.2 — (279.5 ) — Net Earnings $ 30.4 $ 262.0 $ 17.5 $ (279.5 ) $ 30.4 Total Comprehensive Income $ 62.6 $ 284.3 $ 22.4 $ (306.7 ) $ 62.6 Six Months Ended March 31, 2015 Parent Non- Company Guarantors Guarantors Eliminations Total Net Sales $ — $ 1,918.5 $ 229.4 $ (21.3 ) $ 2,126.6 Cost of goods sold — 1,428.7 194.6 (21.3 ) 1,602.0 Gross Profit — 489.8 34.8 — 524.6 Selling, general and administrative expenses 8.8 307.5 27.3 — 343.6 Amortization of intangible assets — 62.1 5.1 — 67.2 Other operating expenses, net — 23.0 0.2 — 23.2 Operating (Loss) Profit (8.8 ) 97.2 2.2 — 90.6 Interest expense (income), net 114.0 (0.5 ) 6.4 — 119.9 Other expense 83.4 — — — 83.4 (Loss) Earnings before Income Taxes (206.2 ) 97.7 (4.2 ) — (112.7 ) Income tax (benefit) expense (84.0 ) 38.6 (0.5 ) — (45.9 ) Net (Loss) Earnings before Equity in Subsidiaries (122.2 ) 59.1 (3.7 ) — (66.8 ) Equity earnings (loss) in subsidiaries 55.4 (1.1 ) — (54.3 ) — Net (Loss) Earnings $ (66.8 ) $ 58.0 $ (3.7 ) $ (54.3 ) $ (66.8 ) Total Comprehensive (Loss) Income $ (107.1 ) $ 58.5 $ (23.9 ) $ (34.6 ) $ (107.1 ) POST HOLDINGS, INC. CONDENSED CONSOLIDATING BALANCE SHEETS (Unaudited) March 31, 2016 Parent Non- Company Guarantors Guarantors Eliminations Total ASSETS Current Assets Cash and cash equivalents $ 817.2 $ 30.5 $ 27.1 $ (6.6 ) $ 868.2 Restricted cash 1.1 6.6 0.7 — 8.4 Receivables, net 5.2 330.7 59.8 (8.9 ) 386.8 Inventories — 422.2 69.3 — 491.5 Prepaid expenses and other current assets 15.0 38.9 1.1 — 55.0 Total Current Assets 838.5 828.9 158.0 (15.5 ) 1,809.9 Property, net — 1,302.6 39.3 — 1,341.9 Goodwill — 2,949.0 132.4 — 3,081.4 Other intangible assets, net — 2,816.7 94.6 — 2,911.3 Intercompany receivable 1,166.3 — — (1,166.3 ) — Intercompany notes receivable 151.1 — — (151.1 ) — Investment in subsidiaries 6,381.9 24.1 — (6,406.0 ) — Other assets 52.9 6.0 1.1 — 60.0 Total Assets $ 8,590.7 $ 7,927.3 $ 425.4 $ (7,738.9 ) $ 9,204.5 LIABILITIES AND SHAREHOLDERS’ EQUITY Current Liabilities Current portion of long-term debt $ 14.4 $ 1.3 $ — $ — $ 15.7 Accounts payable — 205.5 34.3 (15.5 ) 224.3 Other current liabilities 61.3 228.6 26.7 — 316.6 Total Current Liabilities 75.7 435.4 61.0 (15.5 ) 556.6 Long-term debt 4,497.6 0.6 — — 4,498.2 Intercompany payable — 1,161.0 5.3 (1,166.3 ) — Intercompany notes payable — — 151.1 (151.1 ) — Deferred income taxes 750.1 — 24.3 — 774.4 Other liabilities 260.6 99.6 8.4 — 368.6 Total Liabilities 5,584.0 1,696.6 250.1 (1,332.9 ) 6,197.8 Total Shareholders’ Equity 3,006.7 6,230.7 175.3 (6,406.0 ) 3,006.7 Total Liabilities and Shareholders’ Equity $ 8,590.7 $ 7,927.3 $ 425.4 $ (7,738.9 ) $ 9,204.5 September 30, 2015 Parent Non- Company Guarantors Guarantors Eliminations Total ASSETS Current Assets Cash and cash equivalents $ 809.6 $ 30.5 $ 19.2 $ (17.9 ) $ 841.4 Restricted cash 1.1 17.0 0.7 — 18.8 Receivables, net 8.5 310.0 61.7 (14.0 ) 366.2 Inventories — 396.1 69.2 — 465.3 Deferred income taxes 47.5 — 0.2 — 47.7 Intercompany notes receivable 7.7 — — (7.7 ) — Prepaid expenses and other current assets 12.7 27.9 1.7 — 42.3 Total Current Assets 887.1 781.5 152.7 (39.6 ) 1,781.7 Property, net — 1,286.0 47.2 — 1,333.2 Goodwill — 2,944.8 128.0 — 3,072.8 Other intangible assets, net — 2,873.3 96.0 — 2,969.3 Intercompany receivable 1,129.8 — — (1,129.8 ) — Intercompany notes receivable 146.2 — — (146.2 ) — Investment in subsidiaries 6,311.9 21.9 — (6,333.8 ) — Other assets 57.4 5.3 0.7 — 63.4 Total Assets $ 8,532.4 $ 7,912.8 $ 424.6 $ (7,649.4 ) $ 9,220.4 LIABILITIES AND SHAREHOLDERS’ EQUITY Current Liabilities Current portion of long-term debt $ 14.1 $ 1.6 $ 0.3 $ — $ 16.0 Accounts payable — 254.0 43.1 (31.9 ) 265.2 Intercompany notes payable — — 7.7 (7.7 ) — Other current liabilities 76.1 225.7 28.0 — 329.8 Total Current Liabilities 90.2 481.3 79.1 (39.6 ) 611.0 Long-term debt 4,507.7 1.3 2.4 — 4,511.4 Intercompany payable — 1,124.2 5.6 (1,129.8 ) — Intercompany notes payable — — 146.2 (146.2 ) — Deferred income taxes 807.0 — 24.8 — 831.8 Other liabilities 151.5 130.9 7.8 — 290.2 Total Liabilities 5,556.4 1,737.7 265.9 (1,315.6 ) 6,244.4 Total Shareholders’ Equity 2,976.0 6,175.1 158.7 (6,333.8 ) 2,976.0 Total Liabilities and Shareholders’ Equity $ 8,532.4 $ 7,912.8 $ 424.6 $ (7,649.4 ) $ 9,220.4 POST HOLDINGS, INC. CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS (Unaudited) Six Months Ended March 31, 2016 Parent Non- Company Guarantors Guarantors Eliminations Total Net Cash Provided by Operating Activities $ 80.9 $ 356.0 $ 10.2 $ (250.7 ) $ 196.4 Cash Flows from Investing Activities Business acquisitions, net of cash acquired — (94.4 ) — — (94.4 ) Additions to property — (43.2 ) (1.6 ) — (44.8 ) Restricted cash — 10.4 — — 10.4 Proceeds from sale of property — 0.6 — — 0.6 Proceeds from sale of businesses (0.2 ) — 6.4 — 6.2 Capitalization of subsidiaries (123.2 ) — — 123.2 — Proceeds from equity distributions 89.8 0.2 — (90.0 ) — Net receipts from intercompany revolver 7.7 — — (7.7 ) — Net Cash (Used in) Provided by Investing Activities (25.9 ) (126.4 ) 4.8 25.5 (122.0 ) Cash Flows from Financing Activities Repayments of long-term debt (7.0 ) (1.0 ) (0.1 ) — (8.1 ) Payment of preferred stock dividend (7.7 ) — — — (7.7 ) Preferred stock conversion (10.9 ) — — — (10.9 ) Proceeds from exercise of stock awards 6.2 — — — 6.2 Net cash paid in advance for stock repurchase contracts (28.3 ) — — — (28.3 ) Proceeds from Parent capitalization — 113.6 — (113.6 ) — Payments for equity distributions — (342.2 ) (0.2 ) 342.4 — Net payments for intercompany revolver — — (7.7 ) 7.7 — Other, net 0.3 — — — 0.3 Net Cash Used in Financing Activities (47.4 ) (229.6 ) (8.0 ) 236.5 (48.5 ) Effect of exchange rate changes on cash and cash equivalents — — 0.9 — 0.9 Net Increase in Cash and Cash Equivalents 7.6 — 7.9 11.3 26.8 Cash and Cash Equivalents, Beginning of Year 809.6 30.5 19.2 (17.9 ) 841.4 Cash and Cash Equivalents, End of Period $ 817.2 $ 30.5 $ 27.1 $ (6.6 ) $ 868.2 Six Months Ended March 31, 2015 Parent Non- Company Guarantors Guarantors Eliminations Total Net Cash Provided by Operating Activities $ 14.0 $ 203.7 $ 4.6 $ (63.9 ) $ 158.4 Cash Flows from Investing Activities Business acquisitions, net of cash acquired (3.5 ) (183.2 ) (1.2 ) — (187.9 ) Additions to property — (43.7 ) (1.9 ) — (45.6 ) Restricted cash — 68.4 2.7 — 71.1 Insurance proceeds on property losses — 1.8 — — 1.8 Proceeds from equity distributions 121.5 — — (121.5 ) — Capitalization of subsidiaries (138.6 ) — — 138.6 — Net receipts from intercompany revolver 0.6 — — (0.6 ) — Net Cash Used in Investing Activities (20.0 ) (156.7 ) (0.4 ) 16.5 (160.6 ) Cash Flows from Financing Activities Proceeds from issuance of common stock 341.4 — — — 341.4 Repayments of long term-debt (11.0 ) (2.0 ) (0.2 ) — (13.2 ) Payments of preferred stock dividends (8.5 ) — — — (8.5 ) Payments of debt issuance costs (3.7 ) — — — (3.7 ) Payments for equity distributions — (171.0 ) — 171.0 — Proceeds from Parent capitalization — 128.0 1.0 (129.0 ) — Net receipts from intercompany revolver — — (0.6 ) 0.6 — Other, net (1.7 ) — — — (1.7 ) Net Cash Provided by (Used in) Financing Activities 316.5 (45.0 ) 0.2 42.6 314.3 Effect of Exchange Rate Changes on Cash and Cash Equivalents — — (1.5 ) — (1.5 ) Net Increase in Cash and Cash Equivalents 310.5 2.0 2.9 (4.8 ) 310.6 Cash and Cash Equivalents, Beginning of Year 246.6 15.7 10.0 (3.9 ) 268.4 Cash and Cash Equivalents, End of Period $ 557.1 $ 17.7 $ 12.9 $ (8.7 ) $ 579.0

Restructuring (Tables)

Restructuring (Tables)	6 Months Ended
Restructuring (Tables)	Mar. 31, 2016
Restructuring and Related Activities [Abstract]
Restructuring and Related Costs	Employee-Related Costs Pension Curtailment Accelerated Depreciation Total Balance at September 30, 2014 $ 0.7 $ — $ — $ 0.7 Charge to expense 3.1 — — 3.1 Cash payments (0.5 ) — — (0.5 ) Non-cash charges — — — — Balance at March 31, 2015 $ 3.3 $ — $ — $ 3.3 Balance at September 30, 2015 $ 10.5 $ — $ — $ 10.5 Charge to expense 1.3 — 0.4 1.7 Cash payments (6.1 ) — — (6.1 ) Non-cash charges (0.6 ) — (0.4 ) (1.0 ) Balance at March 31, 2016 $ 5.1 $ — $ — $ 5.1 Total expected restructuring charge $ 17.7 $ 1.7 $ 20.1 $ 39.5 Cumulative restructuring charges incurred to date 17.7 1.7 20.1 39.5 Remaining expected restructuring charge $ — $ — $ — $ —

Business Combinations (Tables)

Business Combinations (Tables)	6 Months Ended
Business Combinations (Tables)	Mar. 31, 2016
Business Combinations [Abstract]
Schedule of Business Acquisitions, by Acquisition	Cash and cash equivalents $ 19.2 Receivables 11.1 Inventories 10.3 Prepaid expenses and other current assets 0.5 Property 56.2 Goodwill 4.2 Other intangible assets 15.2 Other assets 0.1 Accounts payable (2.2 ) Other current liabilities (1.0 ) Total acquisition cost $ 113.6
Business Acquisition, Pro Forma Information	Three Months Ended Six Months Ended 2016 2015 2016 2015 Pro forma net sales $ 1,271.1 $ 1,268.1 $ 2,519.9 $ 2,578.0 Pro forma net earnings (loss) available to common shareholders 1.5 29.9 13.2 (58.3 ) Pro forma basic earnings (loss) per common share $ 0.02 $ 0.55 $ 0.19 $ (1.12 ) Pro forma diluted earnings (loss) per common share $ 0.02 $ 0.44 $ 0.19 $ (1.12 )

Goodwill (Tables)

Goodwill (Tables)	6 Months Ended
Goodwill (Tables)	Mar. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Changes in carrying amount of goodwill	Post Consumer Brands Michael Foods Group Active Nutrition Private Brands Total Balance, September 30, 2015 Goodwill (gross) $ 1,993.9 $ 1,341.6 $ 180.7 $ 254.0 $ 3,770.2 Accumulated impairment losses (609.1 ) — (88.3 ) — (697.4 ) Goodwill (net) $ 1,384.8 $ 1,341.6 $ 92.4 $ 254.0 $ 3,072.8 Goodwill acquired — 4.2 — — 4.2 Currency translation adjustment 0.2 — — 4.2 4.4 Balance, March 31, 2016 Goodwill (gross) $ 1,994.1 $ 1,345.8 $ 180.7 $ 258.2 $ 3,778.8 Accumulated impairment losses (609.1 ) — (88.3 ) — (697.4 ) Goodwill (net) $ 1,385.0 $ 1,345.8 $ 92.4 $ 258.2 $ 3,081.4

Intangible Assets, net (Tables)

Intangible Assets, net (Tables)	6 Months Ended
Intangible Assets, net (Tables)	Mar. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Total intangible assets	March 31, 2016 September 30, 2015 Carrying Accumulated Amortization Net Carrying Accumulated Amortization Net Subject to amortization: Customer relationships $ 2,013.6 $ (247.6 ) $ 1,766.0 $ 1,998.6 $ (192.7 ) $ 1,805.9 Trademarks/brands 795.4 (99.9 ) 695.5 780.9 (79.1 ) 701.8 Other intangible assets 21.9 (6.6 ) 15.3 21.3 (5.4 ) 15.9 2,830.9 (354.1 ) 2,476.8 2,800.8 (277.2 ) 2,523.6 Not subject to amortization: Trademarks/brands 434.5 — 434.5 445.7 — 445.7 $ 3,265.4 $ (354.1 ) $ 2,911.3 $ 3,246.5 $ (277.2 ) $ 2,969.3

Earnings (Loss) Per Share (Tabl

Earnings (Loss) Per Share (Tables)	6 Months Ended
Earnings (Loss) Per Share (Tables)	Mar. 31, 2016
Earnings Per Share [Abstract]
Computation of basic and diluted earnings per share	Three Months Ended Six Months Ended 2016 2015 2016 2015 Net earnings (loss) for basic earnings (loss) per share $ 1.5 $ 26.3 $ 12.0 $ (75.3 ) Net earnings (loss) for diluted earnings (loss) per share $ 1.5 $ 30.5 $ 12.0 $ (75.3 ) Weighted-average shares outstanding 64.2 49.6 63.4 47.2 Effect of TEUs on weighted-average shares for basic earnings (loss) per share 4.9 4.9 4.9 4.9 Weighted-average shares for basic earnings (loss) per share 69.1 54.5 68.3 52.1 Effect of dilutive securities: Stock options 1.0 0.6 1.0 — Stock appreciation rights 0.1 0.1 0.1 — Restricted stock awards 0.3 0.3 0.3 — TEUs — 1.1 — — Preferred shares conversion to common — 11.0 — — Total dilutive securities 1.4 13.1 1.4 — Weighted-average shares for diluted earnings (loss) per share 70.5 67.6 69.7 52.1 Basic earnings (loss) per common share $ 0.02 $ 0.48 $ 0.18 $ (1.45 ) Diluted earnings (loss) per common share $ 0.02 $ 0.45 $ 0.17 $ (1.45 )
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]	Three Months Ended Six Months Ended 2016 2015 2016 2015 Stock options 0.3 1.3 0.3 4.6 Stock appreciation rights — 0.1 — 0.3 Restricted stock awards 0.2 — 0.4 0.5 TEUs — — — 1.1 Preferred shares conversion to common 9.1 — 9.1 11.0

Inventories (Tables)

Inventories (Tables)	6 Months Ended
Inventories (Tables)	Mar. 31, 2016
Inventory [Abstract]
Schedule of Inventory	March 31, 2016 September 30, 2015 Raw materials and supplies $ 126.0 $ 142.5 Work in process 16.3 15.3 Finished products 317.9 286.8 Flocks 31.3 20.7 $ 491.5 $ 465.3

Property, net (Tables)

Property, net (Tables)	6 Months Ended
Property, net (Tables)	Mar. 31, 2016
Property, Plant and Equipment [Abstract]
Schedule of Property, net	March 31, 2016 September 30, 2015 Property, at cost $ 1,815.5 $ 1,737.7 Accumulated depreciation (473.6 ) (404.5 ) $ 1,341.9 $ 1,333.2

Derivative Financial Instrume30

Derivative Financial Instruments and Hedging (Tables)	6 Months Ended
Derivative Financial Instruments and Hedging (Tables)	Mar. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments in Statement of Financial Position	Fair Value of Assets as of March 31, 2016 Balance Sheet Location Gross Amounts of Recognized Assets Gross Amounts Offset in the Condensed Consolidated Balance Sheets Net Amounts of Assets Presented in the Condensed Consolidated Balance Sheets Commodity contracts Prepaid expenses and other current assets $ 2.1 $ — $ 2.1 Energy contracts Prepaid expenses and other current assets 1.2 — 1.2 $ 3.3 $ — $ 3.3 Fair Value of Liabilities as of March 31, 2016 Balance Sheet Location Gross Amounts of Recognized Liabilities Gross Amounts Offset in the Condensed Consolidated Balance Sheets Net Amounts of Liabilities Presented in the Condensed Consolidated Balance Sheets Commodity contracts Other current liabilities $ 0.9 $ — $ 0.9 Energy contracts Other current liabilities 4.0 — 4.0 Interest rate swaps Other current liabilities 1.4 — 1.4 Interest rate swaps Other liabilities 238.2 — 238.2 $ 244.5 $ — $ 244.5 Fair Value of Assets as of September 30, 2015 Balance Sheet Location Gross Amounts of Recognized Assets Gross Amounts Offset in the Condensed Consolidated Balance Sheets Net Amounts of Assets Presented in the Condensed Consolidated Balance Sheets Commodity contracts Prepaid expenses and other current assets $ 0.4 $ — $ 0.4 Energy contracts Prepaid expenses and other current assets 0.2 — 0.2 $ 0.6 $ — $ 0.6 Fair Value of Liabilities as of September 30, 2015 Balance Sheet Location Gross Amounts of Recognized Liabilities Gross Amounts Offset in the Condensed Consolidated Balance Sheets Net Amounts of Liabilities Presented in the Condensed Consolidated Balance Sheets Commodity contracts Other current liabilities $ 1.2 $ — $ 1.2 Energy contracts Other current liabilities 4.7 — 4.7 Interest rate swaps Other current liabilities 4.9 — 4.9 Interest rate swaps Other liabilities 127.9 — 127.9 $ 138.7 $ — $ 138.7
Schedule of Derivative Instruments, (Gain) Loss in Statement of Financial Performance	(Gain) Loss Recognized in Earnings (Loss) Location of (Gain) Loss Recognized in Earnings (Loss) Three Months Ended Six Months Ended March 31, 2016 2015 2016 2015 Commodity contracts Cost of goods sold $ (0.2 ) $ (0.2 ) $ 4.2 $ (8.4 ) Energy contracts Cost of goods sold 0.8 (4.9 ) 4.9 3.6 Interest rate swaps Other expense 90.9 28.8 106.8 83.4

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
Fair Value Measurements (Tables)	Mar. 31, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, by Balance Sheet Grouping [Table Text Block]	March 31, 2016 September 30, 2015 Total Level 1 Level 2 Total Level 1 Level 2 Assets: Deferred compensation investment $ 10.7 $ 10.7 $ — $ 10.3 $ 10.3 $ — Derivative assets 3.3 — 3.3 0.6 — 0.6 $ 14.0 $ 10.7 $ 3.3 $ 10.9 $ 10.3 $ 0.6 Liabilities: Deferred compensation liabilities $ 15.5 $ — $ 15.5 $ 14.2 $ — $ 14.2 Derivative liabilities 244.5 — 244.5 138.7 — 138.7 $ 260.0 $ — $ 260.0 $ 152.9 $ — $ 152.9 The following table represents the fair value of Post’s long-term debt which is classified as Level 2 in the fair value hierarchy per ASC Topic 820: March 31, September 30, 2015 Senior notes $ 4,349.7 $ 4,112.5 Term loan 374.9 374.0 TEUs 22.8 28.6 4.57% 2012 Series Bond maturing September 2017 1.9 2.9 Capital leases — 2.8 $ 4,749.3 $ 4,520.8
Fair Value Measurements, Nonrecurring [Table Text Block]	Balance, September 30, 2015 $ 11.4 Transfers into held for sale 10.1 Losses on assets held for sale (8.4 ) Cash received from sale of assets (0.4 ) Balance, March 31, 2016 $ 12.7

Long-Term Debt (Tables)

Long-Term Debt (Tables)	6 Months Ended
Long-Term Debt (Tables)	Mar. 31, 2016
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	Long-term debt as of the dates indicated consists of the following: March 31, 2016 September 30, 2015 7.375% Senior Notes maturing February 2022 $ 1,375.0 $ 1,375.0 6.75% Senior Notes maturing December 2021 875.0 875.0 6.00% Senior Notes maturing December 2022 630.0 630.0 7.75% Senior Notes maturing March 2024 800.0 800.0 8.00% Senior Notes maturing July 2025 400.0 400.0 Term Loan 374.4 374.4 TEUs 18.2 25.1 4.57% 2012 Series Bond maturing September 2017 1.9 2.9 Capital leases — 2.8 $ 4,474.5 $ 4,485.2 Less: Current Portion (15.7 ) (16.0 ) Plus: Unamortized premiums, net of discounts 39.4 42.2 Total long-term debt $ 4,498.2 $ 4,511.4

Pension and Other Postretirem33

Pension and Other Postretirement Benefits (Tables)	6 Months Ended
Pension and Other Postretirement Benefits (Tables)	Mar. 31, 2016
Pension and Other Postretirement Benefit Expense [Abstract]
Schedule of net benefit costs and assumptions used in calculation	Pension Benefits Three Months Ended Six Months Ended 2016 2015 2016 2015 Components of net periodic benefit cost Service cost $ 1.0 $ 0.9 $ 2.0 $ 1.9 Interest cost 0.6 0.5 1.2 1.1 Expected return on plan assets (0.6 ) (0.5 ) (1.3 ) (1.2 ) Recognized net actuarial loss 0.2 0.2 0.5 0.4 Recognized prior service cost 0.1 0.1 0.2 0.2 Net periodic benefit cost $ 1.3 $ 1.2 $ 2.6 $ 2.4 Other Benefits Three Months Ended Six Months Ended 2016 2015 2016 2015 Components of net periodic benefit cost Service cost $ 0.4 $ 0.5 $ 0.8 $ 1.0 Interest cost 1.1 1.2 2.4 2.4 Recognized net actuarial loss 0.3 0.3 0.7 0.7 Recognized prior service credit (0.6 ) (0.4 ) (0.9 ) (0.8 ) Net periodic benefit cost $ 1.2 $ 1.6 $ 3.0 $ 3.3

Segments (Tables)

Segments (Tables)	6 Months Ended
Segments (Tables)	Mar. 31, 2016
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	Three Months Ended Six Months Ended 2016 2015 2016 2015 Net Sales Post Consumer Brands $ 440.1 $ 243.9 $ 851.7 $ 461.4 Michael Foods Group 557.7 550.3 1,144.1 1,149.6 Active Nutrition 143.8 134.6 259.6 265.0 Private Brands 129.7 124.9 265.3 252.7 Eliminations (0.2 ) (1.0 ) (0.8 ) (2.1 ) Total $ 1,271.1 $ 1,052.7 $ 2,519.9 $ 2,126.6 Segment Profit (Loss) Post Consumer Brands $ 74.7 $ 50.8 $ 137.6 $ 88.4 Michael Foods Group 89.6 39.8 170.4 81.9 Active Nutrition 13.8 (4.5 ) 24.3 (10.8 ) Private Brands 7.7 10.4 20.6 17.3 Total segment profit 185.8 96.5 352.9 176.8 General corporate expenses and other 23.3 46.8 57.5 86.2 Interest expense, net 77.2 59.8 155.0 119.9 Other expense 90.9 28.8 106.8 83.4 (Loss) earnings before income taxes $ (5.6 ) $ (38.9 ) $ 33.6 $ (112.7 ) Depreciation and amortization Post Consumer Brands $ 26.2 $ 12.0 $ 52.5 $ 24.2 Michael Foods Group 36.1 36.5 70.5 73.1 Active Nutrition 6.2 6.9 12.4 13.8 Private Brands 6.2 6.5 12.4 12.5 Total segment depreciation and amortization 74.7 61.9 147.8 123.6 Corporate and accelerated depreciation 1.7 1.3 3.4 2.7 Total $ 76.4 $ 63.2 $ 151.2 $ 126.3 Assets March 31, 2016 September 30, 2015 Post Consumer Brands $ 3,433.6 $ 3,473.0 Michael Foods Group 3,535.4 3,506.0 Active Nutrition 641.8 645.4 Private Brands 653.3 651.6 Corporate 940.4 944.4 Total $ 9,204.5 $ 9,220.4

Condensed Consolidating Finan35

Condensed Consolidating Financial Statements of Guarantors (Tables)	6 Months Ended
	Mar. 31, 2016
Schedule Of Condensed Financial Statements [Abstract]
Schedule of Condensed Income Statement [Table Text Block]	POST HOLDINGS, INC. CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS (Unaudited) Three Months Ended March 31, 2016 Parent Non- Company Guarantors Guarantors Eliminations Total Net Sales $ — $ 1,156.0 $ 130.4 $ (15.3 ) $ 1,271.1 Cost of goods sold — 765.0 112.1 (15.3 ) 861.8 Gross Profit — 391.0 18.3 — 409.3 Selling, general and administrative expenses 4.9 189.9 10.8 — 205.6 Amortization of intangible assets — 35.9 2.2 — 38.1 Other operating expenses (income), net — 12.8 (9.7 ) — 3.1 Operating (Loss) Profit (4.9 ) 152.4 15.0 — 162.5 Interest expense (income), net 74.8 (0.3 ) 2.7 — 77.2 Other expense 90.9 — — — 90.9 (Loss) Earnings before Income Taxes (170.6 ) 152.7 12.3 — (5.6 ) Income tax expense (benefit) 8.0 (19.7 ) 1.2 — (10.5 ) Net (Loss) Earnings before Equity in Subsidiaries (178.6 ) 172.4 11.1 — 4.9 Equity earnings in subsidiaries 183.5 8.7 — (192.2 ) — Net Earnings $ 4.9 $ 181.1 $ 11.1 $ (192.2 ) $ 4.9 Total Comprehensive Income $ 46.6 $ 203.1 $ 21.0 $ (224.1 ) $ 46.6 Three Months Ended March 31, 2015 Parent Non- Company Guarantors Guarantors Eliminations Total Net Sales $ — $ 957.6 $ 106.0 $ (10.9 ) $ 1,052.7 Cost of goods sold — 699.8 88.3 (10.9 ) 777.2 Gross Profit — 257.8 17.7 — 275.5 Selling, general and administrative expenses 5.3 157.6 13.5 — 176.4 Amortization of intangible assets — 31.3 2.4 — 33.7 Other operating expenses, net — 15.5 0.2 — 15.7 Operating (Loss) Profit (5.3 ) 53.4 1.6 — 49.7 Interest expense (income), net 56.9 (0.2 ) 3.1 — 59.8 Other expense 28.8 — — — 28.8 (Loss) Earnings before Income Taxes (91.0 ) 53.6 (1.5 ) — (38.9 ) Income tax (benefit) expense (121.9 ) 52.5 — — (69.4 ) Net Earnings (Loss) before Equity in Subsidiaries 30.9 1.1 (1.5 ) — 30.5 Equity loss in subsidiaries (0.4 ) (0.6 ) — 1.0 — Net Earnings (Loss) $ 30.5 $ 0.5 $ (1.5 ) $ 1.0 $ 30.5 Total Comprehensive Income (Loss) $ 4.1 $ 0.8 $ (14.7 ) $ 13.9 $ 4.1 Six Months Ended March 31, 2016 Parent Non- Company Guarantors Guarantors Eliminations Total Net Sales $ — $ 2,278.2 $ 272.7 $ (31.0 ) $ 2,519.9 Cost of goods sold — 1,547.4 231.7 (31.0 ) 1,748.1 Gross Profit — 730.8 41.0 — 771.8 Selling, general and administrative expenses 9.5 363.7 19.4 — 392.6 Amortization of intangible assets — 71.7 4.5 — 76.2 Other operating expenses (income), net — 17.3 (9.7 ) — 7.6 Operating (Loss) Profit (9.5 ) 278.1 26.8 — 295.4 Interest expense (income), net 150.0 (0.5 ) 5.5 — 155.0 Other expense 106.8 — — — 106.8 (Loss) Earnings before Income Taxes (266.3 ) 278.6 21.3 — 33.6 Income tax (benefit) expense (25.4 ) 24.8 3.8 — 3.2 Net (Loss) Earnings before Equity in Subsidiaries (240.9 ) 253.8 17.5 — 30.4 Equity earnings in subsidiaries 271.3 8.2 — (279.5 ) — Net Earnings $ 30.4 $ 262.0 $ 17.5 $ (279.5 ) $ 30.4 Total Comprehensive Income $ 62.6 $ 284.3 $ 22.4 $ (306.7 ) $ 62.6 Six Months Ended March 31, 2015 Parent Non- Company Guarantors Guarantors Eliminations Total Net Sales $ — $ 1,918.5 $ 229.4 $ (21.3 ) $ 2,126.6 Cost of goods sold — 1,428.7 194.6 (21.3 ) 1,602.0 Gross Profit — 489.8 34.8 — 524.6 Selling, general and administrative expenses 8.8 307.5 27.3 — 343.6 Amortization of intangible assets — 62.1 5.1 — 67.2 Other operating expenses, net — 23.0 0.2 — 23.2 Operating (Loss) Profit (8.8 ) 97.2 2.2 — 90.6 Interest expense (income), net 114.0 (0.5 ) 6.4 — 119.9 Other expense 83.4 — — — 83.4 (Loss) Earnings before Income Taxes (206.2 ) 97.7 (4.2 ) — (112.7 ) Income tax (benefit) expense (84.0 ) 38.6 (0.5 ) — (45.9 ) Net (Loss) Earnings before Equity in Subsidiaries (122.2 ) 59.1 (3.7 ) — (66.8 ) Equity earnings (loss) in subsidiaries 55.4 (1.1 ) — (54.3 ) — Net (Loss) Earnings $ (66.8 ) $ 58.0 $ (3.7 ) $ (54.3 ) $ (66.8 ) Total Comprehensive (Loss) Income $ (107.1 ) $ 58.5 $ (23.9 ) $ (34.6 ) $ (107.1 )
Schedule of Condensed Balance Sheet [Table Text Block]	POST HOLDINGS, INC. CONDENSED CONSOLIDATING BALANCE SHEETS (Unaudited) March 31, 2016 Parent Non- Company Guarantors Guarantors Eliminations Total ASSETS Current Assets Cash and cash equivalents $ 817.2 $ 30.5 $ 27.1 $ (6.6 ) $ 868.2 Restricted cash 1.1 6.6 0.7 — 8.4 Receivables, net 5.2 330.7 59.8 (8.9 ) 386.8 Inventories — 422.2 69.3 — 491.5 Prepaid expenses and other current assets 15.0 38.9 1.1 — 55.0 Total Current Assets 838.5 828.9 158.0 (15.5 ) 1,809.9 Property, net — 1,302.6 39.3 — 1,341.9 Goodwill — 2,949.0 132.4 — 3,081.4 Other intangible assets, net — 2,816.7 94.6 — 2,911.3 Intercompany receivable 1,166.3 — — (1,166.3 ) — Intercompany notes receivable 151.1 — — (151.1 ) — Investment in subsidiaries 6,381.9 24.1 — (6,406.0 ) — Other assets 52.9 6.0 1.1 — 60.0 Total Assets $ 8,590.7 $ 7,927.3 $ 425.4 $ (7,738.9 ) $ 9,204.5 LIABILITIES AND SHAREHOLDERS’ EQUITY Current Liabilities Current portion of long-term debt $ 14.4 $ 1.3 $ — $ — $ 15.7 Accounts payable — 205.5 34.3 (15.5 ) 224.3 Other current liabilities 61.3 228.6 26.7 — 316.6 Total Current Liabilities 75.7 435.4 61.0 (15.5 ) 556.6 Long-term debt 4,497.6 0.6 — — 4,498.2 Intercompany payable — 1,161.0 5.3 (1,166.3 ) — Intercompany notes payable — — 151.1 (151.1 ) — Deferred income taxes 750.1 — 24.3 — 774.4 Other liabilities 260.6 99.6 8.4 — 368.6 Total Liabilities 5,584.0 1,696.6 250.1 (1,332.9 ) 6,197.8 Total Shareholders’ Equity 3,006.7 6,230.7 175.3 (6,406.0 ) 3,006.7 Total Liabilities and Shareholders’ Equity $ 8,590.7 $ 7,927.3 $ 425.4 $ (7,738.9 ) $ 9,204.5 September 30, 2015 Parent Non- Company Guarantors Guarantors Eliminations Total ASSETS Current Assets Cash and cash equivalents $ 809.6 $ 30.5 $ 19.2 $ (17.9 ) $ 841.4 Restricted cash 1.1 17.0 0.7 — 18.8 Receivables, net 8.5 310.0 61.7 (14.0 ) 366.2 Inventories — 396.1 69.2 — 465.3 Deferred income taxes 47.5 — 0.2 — 47.7 Intercompany notes receivable 7.7 — — (7.7 ) — Prepaid expenses and other current assets 12.7 27.9 1.7 — 42.3 Total Current Assets 887.1 781.5 152.7 (39.6 ) 1,781.7 Property, net — 1,286.0 47.2 — 1,333.2 Goodwill — 2,944.8 128.0 — 3,072.8 Other intangible assets, net — 2,873.3 96.0 — 2,969.3 Intercompany receivable 1,129.8 — — (1,129.8 ) — Intercompany notes receivable 146.2 — — (146.2 ) — Investment in subsidiaries 6,311.9 21.9 — (6,333.8 ) — Other assets 57.4 5.3 0.7 — 63.4 Total Assets $ 8,532.4 $ 7,912.8 $ 424.6 $ (7,649.4 ) $ 9,220.4 LIABILITIES AND SHAREHOLDERS’ EQUITY Current Liabilities Current portion of long-term debt $ 14.1 $ 1.6 $ 0.3 $ — $ 16.0 Accounts payable — 254.0 43.1 (31.9 ) 265.2 Intercompany notes payable — — 7.7 (7.7 ) — Other current liabilities 76.1 225.7 28.0 — 329.8 Total Current Liabilities 90.2 481.3 79.1 (39.6 ) 611.0 Long-term debt 4,507.7 1.3 2.4 — 4,511.4 Intercompany payable — 1,124.2 5.6 (1,129.8 ) — Intercompany notes payable — — 146.2 (146.2 ) — Deferred income taxes 807.0 — 24.8 — 831.8 Other liabilities 151.5 130.9 7.8 — 290.2 Total Liabilities 5,556.4 1,737.7 265.9 (1,315.6 ) 6,244.4 Total Shareholders’ Equity 2,976.0 6,175.1 158.7 (6,333.8 ) 2,976.0 Total Liabilities and Shareholders’ Equity $ 8,532.4 $ 7,912.8 $ 424.6 $ (7,649.4 ) $ 9,220.4
Schedule of Condensed Cash Flow Statement [Table Text Block]	POST HOLDINGS, INC. CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS (Unaudited) Six Months Ended March 31, 2016 Parent Non- Company Guarantors Guarantors Eliminations Total Net Cash Provided by Operating Activities $ 80.9 $ 356.0 $ 10.2 $ (250.7 ) $ 196.4 Cash Flows from Investing Activities Business acquisitions, net of cash acquired — (94.4 ) — — (94.4 ) Additions to property — (43.2 ) (1.6 ) — (44.8 ) Restricted cash — 10.4 — — 10.4 Proceeds from sale of property — 0.6 — — 0.6 Proceeds from sale of businesses (0.2 ) — 6.4 — 6.2 Capitalization of subsidiaries (123.2 ) — — 123.2 — Proceeds from equity distributions 89.8 0.2 — (90.0 ) — Net receipts from intercompany revolver 7.7 — — (7.7 ) — Net Cash (Used in) Provided by Investing Activities (25.9 ) (126.4 ) 4.8 25.5 (122.0 ) Cash Flows from Financing Activities Repayments of long-term debt (7.0 ) (1.0 ) (0.1 ) — (8.1 ) Payment of preferred stock dividend (7.7 ) — — — (7.7 ) Preferred stock conversion (10.9 ) — — — (10.9 ) Proceeds from exercise of stock awards 6.2 — — — 6.2 Net cash paid in advance for stock repurchase contracts (28.3 ) — — — (28.3 ) Proceeds from Parent capitalization — 113.6 — (113.6 ) — Payments for equity distributions — (342.2 ) (0.2 ) 342.4 — Net payments for intercompany revolver — — (7.7 ) 7.7 — Other, net 0.3 — — — 0.3 Net Cash Used in Financing Activities (47.4 ) (229.6 ) (8.0 ) 236.5 (48.5 ) Effect of exchange rate changes on cash and cash equivalents — — 0.9 — 0.9 Net Increase in Cash and Cash Equivalents 7.6 — 7.9 11.3 26.8 Cash and Cash Equivalents, Beginning of Year 809.6 30.5 19.2 (17.9 ) 841.4 Cash and Cash Equivalents, End of Period $ 817.2 $ 30.5 $ 27.1 $ (6.6 ) $ 868.2 Six Months Ended March 31, 2015 Parent Non- Company Guarantors Guarantors Eliminations Total Net Cash Provided by Operating Activities $ 14.0 $ 203.7 $ 4.6 $ (63.9 ) $ 158.4 Cash Flows from Investing Activities Business acquisitions, net of cash acquired (3.5 ) (183.2 ) (1.2 ) — (187.9 ) Additions to property — (43.7 ) (1.9 ) — (45.6 ) Restricted cash — 68.4 2.7 — 71.1 Insurance proceeds on property losses — 1.8 — — 1.8 Proceeds from equity distributions 121.5 — — (121.5 ) — Capitalization of subsidiaries (138.6 ) — — 138.6 — Net receipts from intercompany revolver 0.6 — — (0.6 ) — Net Cash Used in Investing Activities (20.0 ) (156.7 ) (0.4 ) 16.5 (160.6 ) Cash Flows from Financing Activities Proceeds from issuance of common stock 341.4 — — — 341.4 Repayments of long term-debt (11.0 ) (2.0 ) (0.2 ) — (13.2 ) Payments of preferred stock dividends (8.5 ) — — — (8.5 ) Payments of debt issuance costs (3.7 ) — — — (3.7 ) Payments for equity distributions — (171.0 ) — 171.0 — Proceeds from Parent capitalization — 128.0 1.0 (129.0 ) — Net receipts from intercompany revolver — — (0.6 ) 0.6 — Other, net (1.7 ) — — — (1.7 ) Net Cash Provided by (Used in) Financing Activities 316.5 (45.0 ) 0.2 42.6 314.3 Effect of Exchange Rate Changes on Cash and Cash Equivalents — — (1.5 ) — (1.5 ) Net Increase in Cash and Cash Equivalents 310.5 2.0 2.9 (4.8 ) 310.6 Cash and Cash Equivalents, Beginning of Year 246.6 15.7 10.0 (3.9 ) 268.4 Cash and Cash Equivalents, End of Period $ 557.1 $ 17.7 $ 12.9 $ (8.7 ) $ 579.0

Restructuring (Details)

Restructuring (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Restructuring (Details) - USD ($) $ in Millions	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Restructuring Reserve [Roll Forward]
Beginning Balance			$ 10.5	$ 0.7
Charge to expense	$ 0.5	$ 3.1	1.7	3.1
Cash payments			(6.1)	(0.5)
Non-cash charges			(1)	0
Ending Balance	5.1	3.3	5.1	3.3
Total expected restructuring charge	39.5		39.5
Cumulative restructuring charges incurred to date	39.5		39.5
Remaining expected restructuring charge	0		0
Employee Severance [Member]
Restructuring Reserve [Roll Forward]
Beginning Balance			10.5	0.7
Charge to expense			1.3	3.1
Cash payments			(6.1)	(0.5)
Non-cash charges			(0.6)	0
Ending Balance	5.1	3.3	5.1	3.3
Total expected restructuring charge	17.7		17.7
Cumulative restructuring charges incurred to date	17.7		17.7
Remaining expected restructuring charge	0		0
Pension curtailment [Member]
Restructuring Reserve [Roll Forward]
Beginning Balance			0	0
Charge to expense			0	0
Cash payments			0	0
Non-cash charges			0	0
Ending Balance	0	0	0	0
Total expected restructuring charge	1.7		1.7
Cumulative restructuring charges incurred to date	1.7		1.7
Remaining expected restructuring charge	0		0
Accelerated depreciation [Member]
Restructuring Reserve [Roll Forward]
Beginning Balance			0	0
Charge to expense			0.4	0
Cash payments			0	0
Non-cash charges			(0.4)	0
Ending Balance	0	$ 0	0	$ 0
Total expected restructuring charge	20.1		20.1
Cumulative restructuring charges incurred to date	20.1		20.1
Remaining expected restructuring charge	$ 0		$ 0

Restructuring Narrative (Detail

Restructuring Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Restructuring Narrative (Details) - USD ($) $ in Millions	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015	Sep. 30, 2015
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	$ 0.5	$ 3.1	$ 1.7	$ 3.1
Loss on write-down of assets held for sale	4.4	$ 15.4	8.4	$ 22.5
Level 3
Restructuring Cost and Reserve [Line Items]
Loss on write-down of assets held for sale			8.4
Carrying value of assets held for sale	$ 12.7		$ 12.7		$ 11.4

Business Combinations (Details)

Business Combinations (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	Mar. 02, 2016	Oct. 04, 2015	May. 04, 2015	Nov. 01, 2014	Oct. 02, 2014	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015	Oct. 03, 2015	May. 01, 2015
Business Acquisition [Line Items]
Common Stock, Shares, Issued							900						2,450
Net Sales						$ 1,271.1			$ 1,052.7	$ 2,519.9	$ 2,126.6
Operating Profit (Loss)						162.5			49.7	295.4	90.6
Goodwill						3,081.4		$ 3,072.8		3,081.4
Proceeds from sale of businesses										6.2	0
Foreign Currency Translation Reclassification Adjustment from AOCI						1.3			0	1.3	0
Business Combination, Acquisition Related Costs						0.2			1.8	2.2	$ 6.8
Willamette Egg [Member]
Business Acquisition [Line Items]
Payments to Acquire Businesses, Gross		$ 90
Business Combination, Consideration Transferred		109
Business Combinations, Purchase Price Adjustment, Net Working Capital Settlement							$ 4.6
Net Sales						22.3				52
Operating Profit (Loss)						4.2				$ 12.6
Cash and cash equivalents												$ 19.2
Receivables												11.1
Inventories												10.3
Prepaid expenses and other current assets												0.5
Property												56.2
Goodwill												4.2
Other intangible assets												15.2
Other assets												0.1
Accounts payable												(2.2)
Other current liabilities												(1)
Total acquisition cost												$ 113.6
MOM Brands Company [Member]
Business Acquisition [Line Items]
Business Combination, Consideration Transferred			$ 1,181.5
Shares Issued, Price Per Share													$ 46.60
Business Combination, Consideration Transferred, Other			$ 114.4
Business Combinations, Purchase Price Adjustment, Net Working Capital Settlement								$ 4
American Blanching Company [Member]
Business Acquisition [Line Items]
Payments to Acquire Businesses, Gross				$ 128
PowerBar and Musashi [Member]
Business Acquisition [Line Items]
Payments to Acquire Businesses, Gross					$ 150
Business Combination, Consideration Transferred					$ 136.1
Business Combinations, Purchase Price Adjustment, Net Working Capital Settlement									$ 1.7
Michael Foods Canada [Member]
Business Acquisition [Line Items]
Proceeds from sale of businesses	$ 6.9
Business Divestiture, Purchase Price Adjustment, Net Working Capital Settlement						0.5
Proceeds from Divestiture of Businesses, Net of Cash Divested	$ 6.4
Gain (Loss) on Disposition of Business						2
Foreign Currency Translation Reclassification Adjustment from AOCI						1.3
PowerBar Australia [Member]
Business Acquisition [Line Items]
Business Divestiture, Purchase Price Adjustment, Net Working Capital Settlement						$ 0.2
Customer Relationships [Member] \| Willamette Egg [Member]
Business Acquisition [Line Items]
Finite-lived Intangible Assets Acquired		$ 12.7
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life		20 years
Trademarks [Member] \| Willamette Egg [Member]
Business Acquisition [Line Items]
Finite-lived Intangible Assets Acquired		$ 2.5
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life		20 years

Business combinations pro forma

Business combinations pro forma financial information (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Business Combinations [Abstract]
Pro forma net sales	$ 1,271.1	$ 1,268.1	$ 2,519.9	$ 2,578
Pro forma net earnings (loss) available to common shareholders	$ 1.5	$ 29.9	$ 13.2	$ (58.3)
Pro forma basic income (loss) per share (in US$ per share)	$ 0.02	$ 0.55	$ 0.19	$ (1.12)
Pro forma diluted income (loss) per share (in US$ per share)	$ 0.02	$ 0.44	$ 0.19	$ (1.12)

Goodwill (Details)

Goodwill (Details) $ in Millions	6 Months Ended
Goodwill (Details) $ in Millions	Mar. 31, 2016USD ($)
Goodwill [Roll Forward]
Goodwill, Gross	$ 3,770.2
Goodwill, Impaired, Accumulated Impairment Loss	(697.4)
Goodwill, beginning of period	3,072.8
Goodwill, Acquired During Period	4.2
Currency translation adjustment	4.4
Goodwill, Gross	3,778.8
Goodwill, Impaired, Accumulated Impairment Loss	(697.4)
Goodwill, end of period	3,081.4
Post Consumer Brands Segment [Member]
Goodwill [Roll Forward]
Goodwill, Gross	1,993.9
Goodwill, Impaired, Accumulated Impairment Loss	(609.1)
Goodwill, beginning of period	1,384.8
Goodwill, Acquired During Period	0
Currency translation adjustment	0.2
Goodwill, Gross	1,994.1
Goodwill, Impaired, Accumulated Impairment Loss	(609.1)
Goodwill, end of period	1,385
Michael Foods Group Segment [Member]
Goodwill [Roll Forward]
Goodwill, Gross	1,341.6
Goodwill, Impaired, Accumulated Impairment Loss	0
Goodwill, beginning of period	1,341.6
Goodwill, Acquired During Period	4.2
Currency translation adjustment	0
Goodwill, Gross	1,345.8
Goodwill, Impaired, Accumulated Impairment Loss	0
Goodwill, end of period	1,345.8
Active Nutrition segment [Member] [Member]
Goodwill [Roll Forward]
Goodwill, Gross	180.7
Goodwill, Impaired, Accumulated Impairment Loss	(88.3)
Goodwill, beginning of period	92.4
Goodwill, Acquired During Period	0
Currency translation adjustment	0
Goodwill, Gross	180.7
Goodwill, Impaired, Accumulated Impairment Loss	(88.3)
Goodwill, end of period	92.4
Private Brands segment [Member]
Goodwill [Roll Forward]
Goodwill, Gross	254
Goodwill, Impaired, Accumulated Impairment Loss	0
Goodwill, beginning of period	254
Goodwill, Acquired During Period	0
Currency translation adjustment	4.2
Goodwill, Gross	258.2
Goodwill, Impaired, Accumulated Impairment Loss	0
Goodwill, end of period	$ 258.2

Income Taxes (Details)

Income Taxes (Details)	3 Months Ended		6 Months Ended
Income Taxes (Details)	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Income Tax Disclosure [Abstract]
Effective Income Tax Rate, Percent	187.50%	178.40%	9.50%	40.70%

Intangible Assets, net (Details

Intangible Assets, net (Details) - USD ($) $ in Millions	Mar. 31, 2016	Sep. 30, 2015
Finite-Lived Intangible Assets [Abstract]
Finite-Lived Intangible Assets, Gross	$ 2,830.9	$ 2,800.8
Finite-Lived Intangible Assets, Accumulated Amortization	(354.1)	(277.2)
Finite-Lived Intangible Assets, Net	2,476.8	2,523.6
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Carrying amount, total	3,265.4	3,246.5
Other intangible assets, net	2,911.3	2,969.3
Trademarks [Member]
Indefinite-Lived Intangible Assets (Excluding Goodwill) [Abstract]
Carrying amount	434.5	445.7
Customer Relationships [Member]
Finite-Lived Intangible Assets [Abstract]
Finite-Lived Intangible Assets, Gross	2,013.6	1,998.6
Finite-Lived Intangible Assets, Accumulated Amortization	(247.6)	(192.7)
Finite-Lived Intangible Assets, Net	1,766	1,805.9
Trademarks [Member]
Finite-Lived Intangible Assets [Abstract]
Finite-Lived Intangible Assets, Gross	795.4	780.9
Finite-Lived Intangible Assets, Accumulated Amortization	(99.9)	(79.1)
Finite-Lived Intangible Assets, Net	695.5	701.8
Other Intangible Assets [Member]
Finite-Lived Intangible Assets [Abstract]
Finite-Lived Intangible Assets, Gross	21.9	21.3
Finite-Lived Intangible Assets, Accumulated Amortization	(6.6)	(5.4)
Finite-Lived Intangible Assets, Net	$ 15.3	$ 15.9

Earnings (Loss) Per Share (Deta

Earnings (Loss) Per Share (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Net Earnings (Loss) Available to Common Shareholders	$ 1.5	$ 26.3	$ 12	$ (75.3)
Net Income (Loss) Available to Common Stockholders, Diluted	$ 1.5	$ 30.5	$ 12	$ (75.3)
Weighted Average Number of Shares Outstanding, Basic and Diluted	64,200,000	49,600,000	63,400,000	47,200,000
Dilutive Securities, Effect on Basic Earnings Per Share	4,900,000	4,900,000	4,900,000	4,900,000
Weighted-average shares for basic earnings per share	69,100,000	54,500,000	68,300,000	52,100,000
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements	1,400,000	13,100,000	1,400,000	0
Weighted-average shares for diluted earnings per share	70,500,000	67,600,000	69,700,000	52,100,000
Basic earnings per share (in usd per share)	$ 0.02	$ 0.48	$ 0.18	$ (1.45)
Diluted earnings per share (in usd per share)	$ 0.02	$ 0.45	$ 0.17	$ (1.45)
Employee Stock Option [Member]
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements	1,000,000	600,000	1,000,000	0
Stock Appreciation Rights (SARs) [Member]
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements	100,000	100,000	100,000	0
Restricted Stock [Member]
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements	300,000	300,000	300,000	0
Tangible Equity Units [Member]
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements	0	1,100,000	0	0
Preferred Stock [Member]
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements	0	11,000,000	0	0
Minimum [Member]
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Tangible Equity Unit, Equity Component, Settlement Rate per Unit			1.7114
Maximum [Member]
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Tangible Equity Unit, Equity Component, Settlement Rate per Unit			2.0964

Earnings (Loss) Per Share Antid

Earnings (Loss) Per Share Antidilutive shares excluded from earnings per share (Details) - shares shares in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Employee Stock Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	0.3	1.3	0.3	4.6
Stock Appreciation Rights (SARs) [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	0	0.1	0	0.3
Restricted Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	0.2	0	0.4	0.5
Tangible Equity Units [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	0	0	0	1.1
Preferred Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	9.1	0	9.1	11

Inventories (Details)

Inventories (Details) - USD ($) $ in Millions	Mar. 31, 2016	Sep. 30, 2015
Inventory [Abstract]
Raw materials and supplies	$ 126	$ 142.5
Work in process	16.3	15.3
Finished products	317.9	286.8
Flocks	31.3	20.7
Inventories	$ 491.5	$ 465.3

Property, net (Details)

Property, net (Details) - USD ($) $ in Millions	Mar. 31, 2016	Sep. 30, 2015
Property, Plant and Equipment [Abstract]
Property, at cost	$ 1,815.5	$ 1,737.7
Accumulated depreciation	(473.6)	(404.5)
Property, net	$ 1,341.9	$ 1,333.2

Derivative Financial Instrume47

Derivative Financial Instruments and Hedging (Details) - USD ($) $ in Millions	6 Months Ended
	Mar. 31, 2016	Sep. 30, 2015
Derivatives, Fair Value
Derivative, Remaining Maturity	12 months
Collateral Already Posted	$ 6.7	$ 10.7
Hedging-related liability, not yet cash settled	4.9
Other Current Liabilities [Member]
Derivatives, Fair Value
Hedging-related liability, not yet cash settled	3
Other Noncurrent Liabilities [Member]
Derivatives, Fair Value
Hedging-related liability, not yet cash settled	1.9
Other Current Assets [Member]
Derivatives, Fair Value
Derivative Asset, Fair Value, Gross Asset	3.3	0.6
Derivative Asset, Fair Value, Gross Liability	0	0
Derivative Assets Liabilities, at Fair Value, Net	3.3	0.6
Liabilities, Total [Member]
Derivatives, Fair Value
Derivative Asset, Fair Value, Gross Asset	0	0
Derivative Asset, Fair Value, Gross Liability	244.5	138.7
Derivative Assets Liabilities, at Fair Value, Net	244.5	138.7
Commodity Contract [Member]
Derivatives, Fair Value
Derivative, Notional Amount	32.6
Commodity Contract [Member] \| Other Current Liabilities [Member]
Derivatives, Fair Value
Derivative Asset, Fair Value, Gross Asset	0	0
Derivative Asset, Fair Value, Gross Liability	0.9	1.2
Derivative Assets Liabilities, at Fair Value, Net	0.9	1.2
Commodity Contract [Member] \| Other Current Assets [Member]
Derivatives, Fair Value
Derivative Asset, Fair Value, Gross Asset	2.1	0.4
Derivative Asset, Fair Value, Gross Liability	0	0
Derivative Assets Liabilities, at Fair Value, Net	2.1	0.4
Energy Contracts [Member]
Derivatives, Fair Value
Derivative, Notional Amount	23.2
Energy Contracts [Member] \| Other Current Liabilities [Member]
Derivatives, Fair Value
Derivative Asset, Fair Value, Gross Asset	0	0
Derivative Asset, Fair Value, Gross Liability	4	4.7
Derivative Assets Liabilities, at Fair Value, Net	4	4.7
Energy Contracts [Member] \| Other Current Assets [Member]
Derivatives, Fair Value
Derivative Asset, Fair Value, Gross Asset	1.2	0.2
Derivative Asset, Fair Value, Gross Liability	0	0
Derivative Assets Liabilities, at Fair Value, Net	1.2	0.2
Interest Rate Swap [Member]
Derivatives, Fair Value
Derivative, Notional Amount	$ 78.3
Derivative, Fixed Interest Rate	3.10%
Interest Rate Swap [Member] \| Other Current Liabilities [Member]
Derivatives, Fair Value
Derivative Asset, Fair Value, Gross Asset	$ 0	0
Derivative Asset, Fair Value, Gross Liability	1.4	4.9
Derivative Assets Liabilities, at Fair Value, Net	1.4	4.9
Interest Rate Swap [Member] \| Other Noncurrent Liabilities [Member]
Derivatives, Fair Value
Derivative Asset, Fair Value, Gross Asset	0	0
Derivative Asset, Fair Value, Gross Liability	238.2	127.9
Derivative Assets Liabilities, at Fair Value, Net	238.2	$ 127.9
Interest rate swap, rate lock swaps, net settlement July 2018 [Member]
Derivatives, Fair Value
Derivative, Notional Amount	$ 750
Derivative, Fixed Interest Rate	4.00%
Interest rate swap, rate lock swaps, net settlement December 2019 [Member]
Derivatives, Fair Value
Derivative, Notional Amount	$ 899.3
Derivative, Fixed Interest Rate	3.70%

Derivative Financial Instrume48

Derivative Financial Instruments and Hedging Gain(Loss) recognized in earnings from derivative instruments (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Commodity Contract [Member] \| Cost of Sales [Member]
Derivative Instruments, (Gain) Loss [Line Items]
Derivative Instruments, (Gain) Loss Recognized in Income, Net	$ (0.2)	$ (0.2)	$ 4.2	$ (8.4)
Energy Contracts [Member] \| Cost of Sales [Member]
Derivative Instruments, (Gain) Loss [Line Items]
Derivative Instruments, (Gain) Loss Recognized in Income, Net	0.8	(4.9)	4.9	3.6
Interest Rate Swap [Member] \| Operating Expense [Member]
Derivative Instruments, (Gain) Loss [Line Items]
Derivative Instruments, (Gain) Loss Recognized in Income, Net	$ 90.9	$ 28.8	$ 106.8	$ 83.4

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Millions	Mar. 31, 2016	Sep. 30, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deferred Compensation Plan Assets	$ 10.7	$ 10.3
Derivative instruments	3.3	0.6
Assets, Fair Value Disclosure	14	10.9
Deferred compensation liabilities	15.5	14.2
Derivative Liability	244.5	138.7
Other Liabilities, Fair Value Disclosure	260	152.9
Long-term Debt, Fair Value	4,749.3	4,520.8
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deferred Compensation Plan Assets	10.7	10.3
Derivative instruments	0	0
Assets, Fair Value Disclosure	10.7	10.3
Deferred compensation liabilities	0	0
Derivative Liability	0	0
Other Liabilities, Fair Value Disclosure	0	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deferred Compensation Plan Assets	0	0
Derivative instruments	3.3	0.6
Assets, Fair Value Disclosure	3.3	0.6
Deferred compensation liabilities	15.5	14.2
Derivative Liability	244.5	138.7
Other Liabilities, Fair Value Disclosure	260	152.9
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying value of assets held for sale	12.7	11.4
Senior Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Fair Value	4,349.7	4,112.5
Term Loan [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Fair Value	374.9	374
TEUs [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Fair Value	22.8	28.6
Secured Debt, Other [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Fair Value	1.9	2.9
Capital Lease Obligations [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Fair Value	$ 0	$ 2.8

Fair Value Measurements Assets

Fair Value Measurements Assets Held for Sale (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Losses on assets held for sale	$ (4.4)	$ (15.4)	$ (8.4)	$ (22.5)
Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, September 30, 2015			11.4
Transfers into held for sale			10.1
Losses on assets held for sale			(8.4)
Cash received from sale of assets			(0.4)
Balance, March 31, 2016	$ 12.7		$ 12.7

Shareholders' Equity (Details)

Shareholders' Equity (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
Shareholders' Equity (Details) - USD ($) $ in Millions	Mar. 31, 2016	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015	May. 01, 2015
Stockholders' Equity Note [Abstract]
Common Stock, Shares, Issued				900,000	2,450,000
Convertible preferred stock, preferred shares converted				2,000,000
Preferred stock conversion		$ 10.9	$ 0
Convertible Preferred Stock, Shares Issued upon Conversion	2.1192	2.1192
Net Cash Received In Settlement Of Paid In Advance For Stock Repurchase Contracts	$ 28.3	$ 28.3	$ 0
Transaction costs paid in connection with stock repurchase contracts	$ 0.2	$ 0.2
Shares to be received upon settlement of stock repurchase contracts	500,000	500,000
Net cash to be received upon settlement of stock repurchase contracts	$ 29.4	$ 29.4

Long-Term Debt (Details)

Long-Term Debt (Details) - USD ($)	6 Months Ended
Long-Term Debt (Details) - USD ($)	Mar. 31, 2016	Sep. 30, 2015
Debt Instrument
Secured Debt, Other	$ 1,900,000	$ 2,900,000
Capital Lease Obligations	0	2,800,000
Long-term Debt	4,474,500,000	4,485,200,000
Current portion of long-term debt	(15,700,000)	(16,000,000)
Plus: Unamortized premiums, net of discounts	39,400,000	42,200,000
Long-term debt	4,498,200,000	4,511,400,000
Line of Credit Facility, Maximum Borrowing Capacity	400,000,000
Letters of Credit Outstanding, Amount	12,100,000
Line of Credit Facility, Remaining Borrowing Capacity	387,900,000
Debt Covenant, Leverage Ratio	3
Debt covenant, interest coverage ratio	1.75
Debt covenant, consolidated interest coverage ratio	2
Debt Covenant, Maximum Undischarged Judgments	75,000,000
7.375% Senior Notes [Member]
Debt Instrument
Senior Notes	1,375,000,000	1,375,000,000
6.75% Senior Notes [Member]
Debt Instrument
Senior Notes	875,000,000	875,000,000
6.00% Senior Notes [Member]
Debt Instrument
Senior Notes	630,000,000	630,000,000
7.75% Senior Notes [Member]
Debt Instrument
Senior Notes	800,000,000	800,000,000
8.00% Senior Notes [Member]
Debt Instrument
Senior Notes	400,000,000	400,000,000
Term Loan [Member]
Debt Instrument
Loans Payable to Bank	374,400,000	374,400,000
Tangible Equity Units Debt Component [Member]
Debt Instrument
Tangible Equity Units, Debt Component	$ 18,200,000	$ 25,100,000

Pension and Other Postretirem53

Pension and Other Postretirement Benefits - Components of Net Periodic Benefit Cost (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Defined Benefit Plan Disclosure
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Adjustment, before Tax	$ 36.1		$ 36.1
Components of net periodic benefit cost [Abstract]
Defined Benefit Plan, Plan Amendments, net of tax	22.3		22.3
Pension Benefits
Components of net periodic benefit cost [Abstract]
Service cost	1	$ 0.9	2	$ 1.9
Interest cost	0.6	0.5	1.2	1.1
Expected return on plan assets	(0.6)	(0.5)	(1.3)	(1.2)
Recognized net actuarial loss	0.2	0.2	0.5	0.4
Recognized prior service cost	0.1	0.1	0.2	0.2
Net periodic benefit cost	1.3	1.2	2.6	2.4
Other Postretirement Benefit Plan [Member]
Components of net periodic benefit cost [Abstract]
Service cost	0.4	0.5	0.8	1
Interest cost	1.1	1.2	2.4	2.4
Recognized net actuarial loss	0.3	0.3	0.7	0.7
Recognized prior service cost	(0.6)	(0.4)	(0.9)	(0.8)
Net periodic benefit cost	$ 1.2	$ 1.6	$ 3	$ 3.3

Segments (Details)

Segments (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Segments (Details) - USD ($) $ in Millions	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015	Sep. 30, 2015
Segment Reporting Information [Line Items]
Net Sales	$ 1,271.1	$ 1,052.7	$ 2,519.9	$ 2,126.6
Interest expense (income), net	77.2	59.8	155	119.9
Other expense	90.9	28.8	106.8	83.4
(Loss) earnings before income taxes	(5.6)	(38.9)	33.6	(112.7)
Depreciation and amortization	76.4	63.2	151.2	126.3
Assets	9,204.5		9,204.5		$ 9,220.4
Post Consumer Brands Segment [Member]
Segment Reporting Information [Line Items]
Net Sales	440.1	243.9	851.7	461.4
Segment Profit	74.7	50.8	137.6	88.4
Depreciation and amortization	26.2	12	52.5	24.2
Assets	3,433.6		3,433.6		3,473
Michael Foods Group Segment [Member]
Segment Reporting Information [Line Items]
Net Sales	557.7	550.3	1,144.1	1,149.6
Segment Profit	89.6	39.8	170.4	81.9
Depreciation and amortization	36.1	36.5	70.5	73.1
Assets	3,535.4		3,535.4		3,506
Active Nutrition segment [Member] [Member]
Segment Reporting Information [Line Items]
Net Sales	143.8	134.6	259.6	265
Segment Profit	13.8	(4.5)	24.3	(10.8)
Depreciation and amortization	6.2	6.9	12.4	13.8
Assets	641.8		641.8		645.4
Private Brands segment [Member]
Segment Reporting Information [Line Items]
Net Sales	129.7	124.9	265.3	252.7
Segment Profit	7.7	10.4	20.6	17.3
Depreciation and amortization	6.2	6.5	12.4	12.5
Assets	653.3		653.3		651.6
Corporate, Non-Segment [Member]
Segment Reporting Information [Line Items]
Other Expenses	23.3	46.8	57.5	86.2
Depreciation and amortization	1.7	1.3	3.4	2.7
Assets	940.4		940.4		$ 944.4
Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Net Sales	(0.2)	(1)	(0.8)	(2.1)
Total Segment [Member]
Segment Reporting Information [Line Items]
Segment Profit	185.8	96.5	352.9	176.8
Depreciation and amortization	$ 74.7	$ 61.9	$ 147.8	$ 123.6

Condensed Consolidating Finan55

Condensed Consolidating Financial Statements of Guarantors - Combined Statements of Operations (Condensed) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Condensed Financial Statements, Captions [Line Items]
Net Sales	$ 1,271.1	$ 1,052.7	$ 2,519.9	$ 2,126.6
Cost of goods sold	861.8	777.2	1,748.1	1,602
Gross Profit	409.3	275.5	771.8	524.6
Selling, general and administrative expenses	205.6	176.4	392.6	343.6
Amortization of intangible assets	38.1	33.7	76.2	67.2
Other operating expenses, net	3.1	15.7	7.6	23.2
Operating Profit	162.5	49.7	295.4	90.6
Interest expense (income), net	77.2	59.8	155	119.9
Other expense	90.9	28.8	106.8	83.4
(Loss) Earnings before Income Taxes	(5.6)	(38.9)	33.6	(112.7)
Income tax (benefit) expense	(10.5)	(69.4)	3.2	(45.9)
Net (Loss) Earnings before Equity in Subsidiaries	4.9	30.5	30.4	(66.8)
Equity earnings in subsidiaries	0	0	0	0
Net Earnings (Loss)	4.9	30.5	30.4	(66.8)
Total Comprehensive Income (Loss)	46.6	4.1	62.6	(107.1)
Parent Company
Condensed Financial Statements, Captions [Line Items]
Net Sales	0	0	0	0
Cost of goods sold	0	0	0	0
Gross Profit	0	0	0	0
Selling, general and administrative expenses	4.9	5.3	9.5	8.8
Amortization of intangible assets	0	0	0	0
Other operating expenses, net	0	0	0	0
Operating Profit	(4.9)	(5.3)	(9.5)	(8.8)
Interest expense (income), net	74.8	56.9	150	114
Other expense	90.9	28.8	106.8	83.4
(Loss) Earnings before Income Taxes	(170.6)	(91)	(266.3)	(206.2)
Income tax (benefit) expense	8	(121.9)	(25.4)	(84)
Net (Loss) Earnings before Equity in Subsidiaries	(178.6)	30.9	(240.9)	(122.2)
Equity earnings in subsidiaries	183.5	(0.4)	271.3	55.4
Net Earnings (Loss)	4.9	30.5	30.4	(66.8)
Total Comprehensive Income (Loss)	46.6	4.1	62.6	(107.1)
Guarantors
Condensed Financial Statements, Captions [Line Items]
Net Sales	1,156	957.6	2,278.2	1,918.5
Cost of goods sold	765	699.8	1,547.4	1,428.7
Gross Profit	391	257.8	730.8	489.8
Selling, general and administrative expenses	189.9	157.6	363.7	307.5
Amortization of intangible assets	35.9	31.3	71.7	62.1
Other operating expenses, net	12.8	15.5	17.3	23
Operating Profit	152.4	53.4	278.1	97.2
Interest Income (Expense), Nonoperating, Net	(0.3)	(0.2)	(0.5)	(0.5)
Other expense	0	0	0	0
(Loss) Earnings before Income Taxes	152.7	53.6	278.6	97.7
Income tax (benefit) expense	(19.7)	52.5	24.8	38.6
Net (Loss) Earnings before Equity in Subsidiaries	172.4	1.1	253.8	59.1
Equity earnings in subsidiaries	8.7	(0.6)	8.2	(1.1)
Net Earnings (Loss)	181.1	0.5	262	58
Total Comprehensive Income (Loss)	203.1	0.8	284.3	58.5
Non-Guarantors
Condensed Financial Statements, Captions [Line Items]
Net Sales	130.4	106	272.7	229.4
Cost of goods sold	112.1	88.3	231.7	194.6
Gross Profit	18.3	17.7	41	34.8
Selling, general and administrative expenses	10.8	13.5	19.4	27.3
Amortization of intangible assets	2.2	2.4	4.5	5.1
Other operating expenses, net	(9.7)	0.2	(9.7)	0.2
Operating Profit	15	1.6	26.8	2.2
Interest expense (income), net	2.7	3.1	5.5	6.4
Other expense	0	0	0	0
(Loss) Earnings before Income Taxes	12.3	(1.5)	21.3	(4.2)
Income tax (benefit) expense	1.2	0	3.8	(0.5)
Net (Loss) Earnings before Equity in Subsidiaries	11.1	(1.5)	17.5	(3.7)
Equity earnings in subsidiaries	0	0	0	0
Net Earnings (Loss)	11.1	(1.5)	17.5	(3.7)
Total Comprehensive Income (Loss)	21	(14.7)	22.4	(23.9)
Eliminations
Condensed Financial Statements, Captions [Line Items]
Net Sales	(15.3)	(10.9)	(31)	(21.3)
Cost of goods sold	(15.3)	(10.9)	(31)	(21.3)
Gross Profit	0	0	0	0
Selling, general and administrative expenses	0	0	0	0
Amortization of intangible assets	0	0	0	0
Other operating expenses, net	0	0	0	0
Operating Profit	0	0	0	0
Interest expense (income), net	0	0	0	0
Other expense	0	0	0	0
(Loss) Earnings before Income Taxes	0	0	0	0
Income tax (benefit) expense	0	0	0	0
Net (Loss) Earnings before Equity in Subsidiaries	0	0	0	0
Equity earnings in subsidiaries	(192.2)	1	(279.5)	(54.3)
Net Earnings (Loss)	(192.2)	1	(279.5)	(54.3)
Total Comprehensive Income (Loss)	$ (224.1)	$ 13.9	$ (306.7)	$ (34.6)

Condensed Consolidating Finan56

Condensed Consolidating Financial Statements of Guarantors - Consolidated Balance Sheets (Condensed) (Details) - USD ($) $ in Millions	Mar. 31, 2016	Sep. 30, 2015	Mar. 31, 2015	Sep. 30, 2014
Assets, Current [Abstract]
Cash and cash equivalents	$ 868.2	$ 841.4	$ 579	$ 268.4
Restricted cash	8.4	18.8
Receivables, net	386.8	366.2
Inventories	491.5	465.3
Deferred income taxes	0	47.7
Intercompany notes receivable		0
Prepaid expenses and other current assets	55	42.3
Total Current Assets	1,809.9	1,781.7
Assets, Noncurrent [Abstract]
Property, net	1,341.9	1,333.2
Goodwill	3,081.4	3,072.8
Other intangible assets, net	2,911.3	2,969.3
Intercompany receivable	0	0
Intercompany notes receivable	0	0
Investment in subsidiaries	0	0
Other assets	60	63.4
Total Assets	9,204.5	9,220.4
Liabilities, Current [Abstract]
Current portion of long-term debt	15.7	16
Accounts payable	224.3	265.2
Intercompany notes payable		0
Other current liabilities	316.6	329.8
Total Current Liabilities	556.6	611
Liabilities, Noncurrent [Abstract]
Long-term debt	4,498.2	4,511.4
Intercompany payable	0	0
Intercompany notes payable	0	0
Deferred income taxes	774.4	831.8
Other liabilities	368.6	290.2
Total Liabilities	6,197.8	6,244.4
Total Shareholders’ Equity	3,006.7	2,976
Total Liabilities and Shareholders’ Equity	9,204.5	9,220.4
Parent Company
Assets, Current [Abstract]
Cash and cash equivalents	817.2	809.6	557.1	246.6
Restricted cash	1.1	1.1
Receivables, net	5.2	8.5
Inventories	0	0
Deferred income taxes		47.5
Intercompany notes receivable		7.7
Prepaid expenses and other current assets	15	12.7
Total Current Assets	838.5	887.1
Assets, Noncurrent [Abstract]
Property, net	0	0
Goodwill	0	0
Other intangible assets, net	0	0
Intercompany receivable	1,166.3	1,129.8
Intercompany notes receivable	151.1	146.2
Investment in subsidiaries	6,381.9	6,311.9
Other assets	52.9	57.4
Total Assets	8,590.7	8,532.4
Liabilities, Current [Abstract]
Current portion of long-term debt	14.4	14.1
Accounts payable	0	0
Intercompany notes payable		0
Other current liabilities	61.3	76.1
Total Current Liabilities	75.7	90.2
Liabilities, Noncurrent [Abstract]
Long-term debt	4,497.6	4,507.7
Intercompany payable	0	0
Intercompany notes payable	0	0
Deferred income taxes	750.1	807
Other liabilities	260.6	151.5
Total Liabilities	5,584	5,556.4
Total Shareholders’ Equity	3,006.7	2,976
Total Liabilities and Shareholders’ Equity	8,590.7	8,532.4
Guarantors
Assets, Current [Abstract]
Cash and cash equivalents	30.5	30.5	17.7	15.7
Restricted cash	6.6	17
Receivables, net	330.7	310
Inventories	422.2	396.1
Deferred income taxes		0
Intercompany notes receivable		0
Prepaid expenses and other current assets	38.9	27.9
Total Current Assets	828.9	781.5
Assets, Noncurrent [Abstract]
Property, net	1,302.6	1,286
Goodwill	2,949	2,944.8
Other intangible assets, net	2,816.7	2,873.3
Intercompany receivable	0	0
Intercompany notes receivable	0	0
Investment in subsidiaries	24.1	21.9
Other assets	6	5.3
Total Assets	7,927.3	7,912.8
Liabilities, Current [Abstract]
Current portion of long-term debt	1.3	1.6
Accounts payable	205.5	254
Intercompany notes payable		0
Other current liabilities	228.6	225.7
Total Current Liabilities	435.4	481.3
Liabilities, Noncurrent [Abstract]
Long-term debt	0.6	1.3
Intercompany payable	1,161	1,124.2
Intercompany notes payable	0	0
Deferred income taxes	0	0
Other liabilities	99.6	130.9
Total Liabilities	1,696.6	1,737.7
Total Shareholders’ Equity	6,230.7	6,175.1
Total Liabilities and Shareholders’ Equity	7,927.3	7,912.8
Non-Guarantors
Assets, Current [Abstract]
Cash and cash equivalents	27.1	19.2	12.9	10
Restricted cash	0.7	0.7
Receivables, net	59.8	61.7
Inventories	69.3	69.2
Deferred income taxes		0.2
Intercompany notes receivable		0
Prepaid expenses and other current assets	1.1	1.7
Total Current Assets	158	152.7
Assets, Noncurrent [Abstract]
Property, net	39.3	47.2
Goodwill	132.4	128
Other intangible assets, net	94.6	96
Intercompany receivable	0	0
Intercompany notes receivable	0	0
Investment in subsidiaries	0	0
Other assets	1.1	0.7
Total Assets	425.4	424.6
Liabilities, Current [Abstract]
Current portion of long-term debt	0	0.3
Accounts payable	34.3	43.1
Intercompany notes payable		7.7
Other current liabilities	26.7	28
Total Current Liabilities	61	79.1
Liabilities, Noncurrent [Abstract]
Long-term debt	0	2.4
Intercompany payable	5.3	5.6
Intercompany notes payable	151.1	146.2
Deferred income taxes	24.3	24.8
Other liabilities	8.4	7.8
Total Liabilities	250.1	265.9
Total Shareholders’ Equity	175.3	158.7
Total Liabilities and Shareholders’ Equity	425.4	424.6
Eliminations
Assets, Current [Abstract]
Cash and cash equivalents	(6.6)	(17.9)	$ (8.7)	$ (3.9)
Restricted cash	0	0
Receivables, net	(8.9)	(14)
Inventories	0	0
Deferred income taxes		0
Intercompany notes receivable		(7.7)
Prepaid expenses and other current assets	0	0
Total Current Assets	(15.5)	(39.6)
Assets, Noncurrent [Abstract]
Property, net	0	0
Goodwill	0	0
Other intangible assets, net	0	0
Intercompany receivable	(1,166.3)	(1,129.8)
Intercompany notes receivable	(151.1)	(146.2)
Investment in subsidiaries	(6,406)	(6,333.8)
Other assets	0	0
Total Assets	(7,738.9)	(7,649.4)
Liabilities, Current [Abstract]
Current portion of long-term debt	0	0
Accounts payable	(15.5)	(31.9)
Intercompany notes payable		(7.7)
Other current liabilities	0	0
Total Current Liabilities	(15.5)	(39.6)
Liabilities, Noncurrent [Abstract]
Long-term debt	0	0
Intercompany payable	(1,166.3)	(1,129.8)
Intercompany notes payable	(151.1)	(146.2)
Deferred income taxes	0	0
Other liabilities	0	0
Total Liabilities	(1,332.9)	(1,315.6)
Total Shareholders’ Equity	(6,406)	(6,333.8)
Total Liabilities and Shareholders’ Equity	$ (7,738.9)	$ (7,649.4)

Condensed Consolidating Finan57

Condensed Consolidating Financial Statements of Guarantors - Consolidated Statements of Cash Flows (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Mar. 31, 2016	Mar. 31, 2016	Mar. 31, 2015
Cash Flows from Operating Activities:
Net Cash Provided by (Used in) Operating Activities		$ 196.4	$ 158.4
Cash Flows from Investing Activities:
Business acquisitions, net of cash acquired		(94.4)	(187.9)
Additions to property		(44.8)	(45.6)
Restricted cash		10.4	71.1
Insurance proceeds on property losses		0	1.8
Proceeds from sale of property		0.6	0
Proceeds from sale of businesses		6.2	0
Capitalization of subsidiaries		0	0
Proceeds from equity distributions		0	0
Net receipts from intercompany revolver		0	0
Net Cash Used in Investing Activities		(122)	(160.6)
Cash Flows from Financing Activities:
Proceeds from issuance of common stock, net of issuance costs		0	341.4
Repayments of Long-term Debt		(8.1)	(13.2)
Payments of Dividends		(7.7)	(8.5)
Payments of debt issuance costs		0	(3.7)
Preferred stock conversion		(10.9)	0
Proceeds from exercise of stock awards		6.2	0
Cash paid in advance for stock repurchase contracts (see Note 13)	$ (28.3)	(28.3)	0
Proceeds from parent capitalization		0	0
Payments of equity distributions		0	0
Net payments for intercompany revolver		0	0
Other, net		0.3	(1.7)
Net Cash (Used in) Provided by Financing Activities		(48.5)	314.3
Effect of exchange rate changes on cash		0.9	(1.5)
Net Increase in Cash and Cash Equivalents		26.8	310.6
Cash and Cash Equivalents, Beginning of Year		841.4	268.4
Cash and Cash Equivalents, End of Period	868.2	868.2	579
Parent Company
Cash Flows from Operating Activities:
Net Cash Provided by (Used in) Operating Activities		80.9	14
Cash Flows from Investing Activities:
Business acquisitions, net of cash acquired		0	(3.5)
Additions to property		0	0
Restricted cash		0	0
Insurance proceeds on property losses			0
Proceeds from sale of property		0
Proceeds from sale of businesses		(0.2)
Capitalization of subsidiaries		(123.2)	(138.6)
Proceeds from equity distributions		89.8	121.5
Net receipts from intercompany revolver		7.7	0.6
Net Cash Used in Investing Activities		(25.9)	(20)
Cash Flows from Financing Activities:
Proceeds from issuance of common stock, net of issuance costs			341.4
Repayments of Long-term Debt		(7)	(11)
Payments of Dividends		(7.7)	(8.5)
Payments of debt issuance costs			(3.7)
Preferred stock conversion		(10.9)
Proceeds from exercise of stock awards		6.2
Cash paid in advance for stock repurchase contracts (see Note 13)		(28.3)
Proceeds from parent capitalization		0	0
Payments of equity distributions		0	0
Net payments for intercompany revolver		0	0
Other, net		0.3	(1.7)
Net Cash (Used in) Provided by Financing Activities		(47.4)	316.5
Effect of exchange rate changes on cash		0	0
Net Increase in Cash and Cash Equivalents		7.6	310.5
Cash and Cash Equivalents, Beginning of Year		809.6	246.6
Cash and Cash Equivalents, End of Period	817.2	817.2	557.1
Guarantors
Cash Flows from Operating Activities:
Net Cash Provided by (Used in) Operating Activities		356	203.7
Cash Flows from Investing Activities:
Business acquisitions, net of cash acquired		(94.4)	(183.2)
Additions to property		(43.2)	(43.7)
Restricted cash		10.4	68.4
Insurance proceeds on property losses			1.8
Proceeds from sale of property		0.6
Proceeds from sale of businesses		0
Capitalization of subsidiaries		0	0
Proceeds from equity distributions		0.2	0
Net receipts from intercompany revolver		0	0
Net Cash Used in Investing Activities		(126.4)	(156.7)
Cash Flows from Financing Activities:
Proceeds from issuance of common stock, net of issuance costs			0
Repayments of Long-term Debt		(1)	(2)
Payments of Dividends		0	0
Payments of debt issuance costs			0
Preferred stock conversion		0
Proceeds from exercise of stock awards		0
Cash paid in advance for stock repurchase contracts (see Note 13)		0
Proceeds from parent capitalization		113.6	128
Payments of equity distributions		(342.2)	(171)
Net payments for intercompany revolver		0	0
Other, net		0	0
Net Cash (Used in) Provided by Financing Activities		(229.6)	(45)
Effect of exchange rate changes on cash		0	0
Net Increase in Cash and Cash Equivalents		0	2
Cash and Cash Equivalents, Beginning of Year		30.5	15.7
Cash and Cash Equivalents, End of Period	30.5	30.5	17.7
Non-Guarantors
Cash Flows from Operating Activities:
Net Cash Provided by (Used in) Operating Activities		10.2	4.6
Cash Flows from Investing Activities:
Business acquisitions, net of cash acquired		0	(1.2)
Additions to property		(1.6)	(1.9)
Restricted cash		0	2.7
Insurance proceeds on property losses			0
Proceeds from sale of property		0
Proceeds from sale of businesses		6.4
Capitalization of subsidiaries		0	0
Proceeds from equity distributions		0	0
Net receipts from intercompany revolver		0	0
Net Cash Used in Investing Activities		4.8	(0.4)
Cash Flows from Financing Activities:
Proceeds from issuance of common stock, net of issuance costs			0
Repayments of Long-term Debt		(0.1)	(0.2)
Payments of Dividends		0	0
Payments of debt issuance costs			0
Preferred stock conversion		0
Proceeds from exercise of stock awards		0
Cash paid in advance for stock repurchase contracts (see Note 13)		0
Proceeds from parent capitalization		0	1
Payments of equity distributions		(0.2)	0
Net payments for intercompany revolver		(7.7)	(0.6)
Other, net		0	0
Net Cash (Used in) Provided by Financing Activities		(8)	0.2
Effect of exchange rate changes on cash		0.9	(1.5)
Net Increase in Cash and Cash Equivalents		7.9	2.9
Cash and Cash Equivalents, Beginning of Year		19.2	10
Cash and Cash Equivalents, End of Period	27.1	27.1	12.9
Eliminations
Cash Flows from Operating Activities:
Net Cash Provided by (Used in) Operating Activities		(250.7)	(63.9)
Cash Flows from Investing Activities:
Business acquisitions, net of cash acquired		0	0
Additions to property		0	0
Restricted cash		0	0
Insurance proceeds on property losses			0
Proceeds from sale of property		0
Proceeds from sale of businesses		0
Capitalization of subsidiaries		123.2	138.6
Proceeds from equity distributions		(90)	(121.5)
Net receipts from intercompany revolver		(7.7)	(0.6)
Net Cash Used in Investing Activities		25.5	16.5
Cash Flows from Financing Activities:
Proceeds from issuance of common stock, net of issuance costs			0
Repayments of Long-term Debt		0	0
Payments of Dividends		0	0
Payments of debt issuance costs			0
Preferred stock conversion		0
Proceeds from exercise of stock awards		0
Cash paid in advance for stock repurchase contracts (see Note 13)		0
Proceeds from parent capitalization		(113.6)	(129)
Payments of equity distributions		342.4	171
Net payments for intercompany revolver		7.7	0.6
Other, net		0	0
Net Cash (Used in) Provided by Financing Activities		236.5	42.6
Effect of exchange rate changes on cash		0	0
Net Increase in Cash and Cash Equivalents		11.3	(4.8)
Cash and Cash Equivalents, Beginning of Year		(17.9)	(3.9)
Cash and Cash Equivalents, End of Period	$ (6.6)	$ (6.6)	$ (8.7)