XML 50 R39.htm IDEA: XBRL DOCUMENT
v3.25.2

Fair Value Measurements (Tables) | 9 Months Ended
--- | ---
Jun. 30, 2025
Fair Value Disclosures [Abstract] |
Schedule of Carrying Value and Fair Value of Financial Instruments | The carrying values and fair values of financial instruments were as follows:
|  | 30 June 2025 |  | 30 September 2024
|  | Carrying Value |  | Fair Value |  | Carrying Value |  | Fair Value
Assets |  |  |  |  |  |  |  |
Derivatives |  |  |  |  |  |  |  |
Forward exchange contracts |  | $140.1 |  |  | $140.1 |  |  | $100.8 |  |  | $100.8 |
Interest rate management contracts |  | 177.3 |  |  | 177.3 |  |  | 41.8 |  |  | 41.8 |
Liabilities |  |  |  |  |  |  |  |
Derivatives |  |  |  |  |  |  |  |
Forward exchange contracts |  | $110.7 |  |  | $110.7 |  |  | $59.2 |  |  | $59.2 |
Interest rate management contracts |  | 29.4 |  |  | 29.4 |  |  | 41.4 |  |  | 41.4 |
Long-term debt, including current portion and related party |  | 17,158.2 |  |  | 16,741.6 |  |  | 14,144.4 |  |  | 13,897.3 |
The carrying amounts reported on the consolidated balance sheets for cash and cash items, short-term investments, trade receivables, payables and accrued liabilities, accrued income taxes, and short-term borrowings approximate fair value due to the short-term nature of these instruments. Accordingly, these items have been excluded from the above table.
Schedule of Fair Value Assets and Liabilities Measured On Recurring Basis | The table below summarizes assets and liabilities on the consolidated balance sheets that are measured at fair value on a recurring basis:
| 30 June 2025 |  | 30 September 2024
| Total | Level 1 | Level 2 | Level 3 |  | Total | Level 1 | Level 2 | Level 3
Assets at Fair Value |  |  |  |  |  |  |  |  |
Derivatives |  |  |  |  |  |  |  |  |
Forward exchange contracts | $140.1 |  | $— |  | $140.1 |  | $— |  |  | $100.8 |  | $— |  | $100.8 |  | $— |
Interest rate management contracts | 177.3 |  | — |  | 177.3 |  | — |  |  | 41.8 |  | — |  | 41.8 |  | — |
Total Assets at Fair Value | $317.4 |  | $— |  | $317.4 |  | $— |  |  | $142.6 |  | $— |  | $142.6 |  | $— |
Liabilities at Fair Value |  |  |  |  |  |  |  |  |
Derivatives |  |  |  |  |  |  |  |  |
Forward exchange contracts | $110.7 |  | $— |  | $110.7 |  | $— |  |  | $59.2 |  | $— |  | $59.2 |  | $— |
Interest rate management contracts | 29.4 |  | — |  | 29.4 |  | — |  |  | 41.4 |  | — |  | 41.4 |  | — |
Total Liabilities at Fair Value | $140.1 |  | $— |  | $140.1 |  | $— |  |  | $100.6 |  | $— |  | $100.6 |  | $— |
Schedule of Fair Value Measurements, Nonrecurring | The following is a tabular presentation of nonrecurring fair value measurements along with the level within the fair value hierarchy in which the fair value measurement in its entirety falls:
| 31 March 2025 |
| Total | Level 1 | Level 2 | Level 3 | FY25 Charge
Plant and Equipment(A) | $22.5 |  |  |  | $22.5 |  | $1,752.0 |
(A) As a result of the project exits announced in the second quarter of fiscal year 2025, we assessed the recoverability of assets capable of being marketed in a secondary equipment market using an orderly liquidation valuation resulting in an impairment loss for the difference between the orderly liquidation value and net book value of the assets as of 31 March 2025. There have been no significant changes in the estimated net realizable value of the assets as of 30 June 2025. For additional information regarding our project exits, refer to Note 4, Business and Asset Actions, to the consolidated financial statements.

X
- Definition Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Name Accounting Standards Codification -Section 55 -Paragraph 10 -SubTopic 10 -Topic 825 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482881/825-10-55-10 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-13 Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482881/825-10-55-12 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-12 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-11 + Details
Name: | us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
Name: | us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration