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Guarantee Arrangements (Tables)
3 Months Ended
Dec. 31, 2021
Non-Contingent Portion  
Schedule of Provision for Losses on Customer Guarantees

Changes in the non-contingent portion of the Company’s guarantee liabilities were as follows (in millions):

 

 

Three Months Ended

December 31,

 

 

 

2021

 

 

2020

 

Balance at beginning of period

 

$

14.1

 

 

$

15.5

 

Adoption of ASC 326

 

 

 

 

 

(5.2

)

Provision for new credit guarantees

 

 

0.4

 

 

 

0.4

 

Changes for pre-existing guarantees, net

 

 

0.3

 

 

 

0.2

 

Amortization of previous guarantees

 

 

(2.7

)

 

 

(1.0

)

Foreign currency translation

 

 

 

 

 

0.2

 

Balance at end of period

 

$

12.1

 

 

$

10.1

 

 

Contingent Portion  
Schedule of Provision for Losses on Customer Guarantees

Changes in the contingent portion of the Company’s guarantee liabilities were as follows (in millions):

 

 

Three Months Ended

December 31,

 

 

 

2021

 

 

2020

 

Balance at beginning of period

 

$

7.3

 

 

$

 

Adoption of ASC 326

 

 

 

 

 

7.1

 

Provision for new credit guarantees

 

 

0.1

 

 

 

0.5

 

Changes in allowance for pre-existing guarantees, net

 

 

(3.4

)

 

 

(0.8

)

Foreign currency translation

 

 

 

 

 

0.1

 

Balance at end of period

 

$

4.0

 

 

$

6.9