Financial Instruments and Risk Management (Tables)

3 Months Ended

Dec. 31, 2018

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss)

The following table provides the Company's estimated fair values as of December 31, 2018 and September 30, 2018, and the amounts of gains and losses on derivative instruments classified as cash flow hedges for the quarters ended December 31, 2018 and 2017, respectively:



	At December 31, 2018		For the Quarter Ended December 31, 2018
Derivatives designated as Cash Flow Hedging Relationships	Estimated Fair Value Asset (1)		Gain/(Loss) Recognized in OCI (2)			Gain/(Loss) Reclassified From OCI into Income (Effective Portion) (3) (4)
Foreign currency contracts	$	4.7	$	3.2		$	2.8
Interest rate contracts	2.9		(4.8		)	(0.1		)
Total	$	7.6	$	(1.6	)	$	2.7

	At September 30, 2018		For the Quarter Ended December 31, 2017
Derivatives designated as Cash Flow Hedging Relationships	Estimated Fair Value Asset (1)		(Loss)/Gain Recognized in OCI (2)			Loss Reclassified From OCI into Income (Effective Portion) (3) (4)
Foreign currency contracts	$	4.3	$	(0.8	)	$	(2.4	)
Interest rate contracts	7.7		1.5			(0.5		)
Total	$	12.0	$	0.7		$	(2.9	)

(1) All derivative assets are presented in Other current assets or Other assets.

(2) OCI is defined as other comprehensive income.

(3) Gain/(loss) reclassified to Income was recorded as follows: Foreign currency contracts in Other items, net and interest rate contracts in Interest expense.

(4) Each of these hedging relationships has derivative instruments with a high correlation to the underlying exposure being hedged and has been deemed highly effective in offsetting the underlying risk.

Derivative Instruments, Gain (Loss)

The following table provides estimated fair values as of December 31, 2018 and September 30, 2018 and the gains and losses on derivative instruments not classified as cash flow hedges for the quarters ended December 31, 2018 and 2017, respectively:



	At December 31, 2018			For the Quarter Ended December 31, 2018
	Estimated Fair Value Asset (1)			Gain Recognized in Income (2)
Foreign currency contracts	$	0.2		$	1.0

	At September 30, 2018			For the Quarter Ended December 31, 2017
	Estimated Fair Value Liability (1)			Gain Recognized in Income (2)
Foreign currency contracts	$	(0.1	)	$	0.3

(1) All derivative assets are presented in Other current assets or Other assets and derivative liabilities are presented in Other current liabilities or Other liabilities.

(2) Gain/(loss) recognized in Income was recorded as foreign currency in Other items, net.

Offsetting Liabilities



Offsetting of derivative assets
		At December 31, 2018									At September 30, 2018
Description	Balance Sheet location	Gross amounts of recognized assets			Gross amounts offset in the Balance Sheet			Net amounts of assets presented in the Balance Sheet			Gross amounts of recognized assets			Gross amounts offset in the Balance Sheet			Net amounts of assets presented in the Balance Sheet
Foreign Currency Contracts	Other Current Assets, Other Assets	$	5.3		$	(0.1	)	$	5.2		$	4.7		$	(0.2	)	$	4.5

Offsetting of derivative liabilities
		At December 31, 2018									At September 30, 2018
Description	Balance Sheet location	Gross amounts of recognized liabilities			Gross amounts offset in the Balance Sheet			Net amounts of liabilities presented in the Balance Sheet			Gross amounts of recognized liabilities			Gross amounts offset in the Balance Sheet			Net amounts of liabilities presented in the Balance Sheet
Foreign Currency Contracts	Other Current Liabilities, Other Liabilities	$	(0.3	)	$	—		$	(0.3	)	$	(0.3	)	$	—		$	(0.3	)

Offsetting Assets



Offsetting of derivative assets
		At December 31, 2018									At September 30, 2018
Description	Balance Sheet location	Gross amounts of recognized assets			Gross amounts offset in the Balance Sheet			Net amounts of assets presented in the Balance Sheet			Gross amounts of recognized assets			Gross amounts offset in the Balance Sheet			Net amounts of assets presented in the Balance Sheet
Foreign Currency Contracts	Other Current Assets, Other Assets	$	5.3		$	(0.1	)	$	5.2		$	4.7		$	(0.2	)	$	4.5

Offsetting of derivative liabilities
		At December 31, 2018									At September 30, 2018
Description	Balance Sheet location	Gross amounts of recognized liabilities			Gross amounts offset in the Balance Sheet			Net amounts of liabilities presented in the Balance Sheet			Gross amounts of recognized liabilities			Gross amounts offset in the Balance Sheet			Net amounts of liabilities presented in the Balance Sheet
Foreign Currency Contracts	Other Current Liabilities, Other Liabilities	$	(0.3	)	$	—		$	(0.3	)	$	(0.3	)	$	—		$	(0.3	)

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The following table sets forth the Company's financial assets and liabilities, which are carried at fair value, as of December 31, 2018 and September 30, 2018 that are measured on a recurring basis during the period, segregated by level within the fair value hierarchy:



	Level 2
Assets/(Liabilities) at estimated fair value:	December 31, 2018			September 30, 2018
Deferred Compensation	$	(28.5	)	$	(29.0	)
Derivatives - Foreign Currency Contracts	4.9			4.2
Derivatives - Interest Rate Contracts	2.9			7.7
Exit lease liability	(0.6		)	(0.6		)
Net Liabilities at estimated fair value	$	(21.3	)	$	(17.7	)