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Pension Benefit Obligations (Tables)

12 Months Ended

Sep. 30, 2015

Pension Benefit Obligations

Reconciliations of the changes in the U.S. and international plans' benefit obligations

		Fiscal Year Ended
		September 30, 2015						September 30, 2014						September 30, 2013
		U.S.			Int'l			U.S.			Int'l			U.S.			Int'l
		(in millions)
Change in benefit obligation:
Benefit obligation at beginning of year		$	217.0		$	676.6		$	180.3		$	622.1		$	192.9		$	574.0
Service cost			6.8			1.1			—			0.7			—			0.9
Participant contributions			0.4			0.5			0.4			0.2			0.4			0.3
Interest cost			28.2			47.1			7.8			27.9			6.6			23.8
Benefits paid			(33.9	)		(41.0	)		(12.8	)		(23.3	)		(11.0	)		(18.8	)
Actuarial (gain) loss			(41.0	)		10.6			23.2			62.3			(8.6	)		49.0
Plan settlements			(20.1	)		(2.5	)		—			(2.0	)		—			(5.7	)
Net transfer in/(out)/acquisitions			560.8			618.6			18.1			—			—			—
Foreign currency translation (gain) loss			—			(71.8	)		—			(11.3	)		—			(1.4	)
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Benefit obligation at end of year		$	718.2		$	1,239.2		$	217.0		$	676.6		$	180.3		$	622.1
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​

Reconciliations of the changes in the fair value of assets

		Fiscal Year Ended
		September 30, 2015						September 30, 2014						September 30, 2013
		U.S.			Int'l			U.S.			Int'l			U.S.			Int'l
		(in millions)
Change in plan assets
Fair value of plan assets at beginning of year		$	139.7		$	532.6		$	119.8		$	489.9		$	112.3		$	462.4
Actual return on plan assets			(2.8	)		49.9			14.2			60.4			11.3			37.4
Employer contributions			42.1			24.4			4.9			16.4			6.8			16.2
Participant contributions			0.4			0.5			0.4			0.2			0.4			0.3
Benefits paid			(33.9	)		(41.0	)		(12.8	)		(23.3	)		(11.0	)		(18.8	)
Plan settlements			(20.1	)		(2.5	)		—			(2.0	)		—			(5.7	)
Net transfer in/(out)/acquisitions			333.6			415.5			13.2			—			—			—
Foreign currency translation (loss) gain			—			(53.6	)		—			(9.0	)		—			(1.9	)
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Fair value of plan assets at end of year		$	459.0		$	925.8		$	139.7		$	532.6		$	119.8		$	489.9
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​

Reconciliations of the funded status

Fiscal Year Ended

September 30, 2015

September 30, 2014

September 30, 2013

U.S.

Int'l

U.S.

Int'l

U.S.

Int'l

(in millions)

Reconciliation of funded status:

Funded status at end of year

$

(259.2

)

$

(313.4

)

$

(77.3

)

$

(144.0

)

$

(60.5

)

$

(132.2

)

Contribution made after measurement date

N/A

N/A

N/A

N/A

N/A

N/A

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Net amount recognized at end of year

$

(259.2

)

$

(313.4

)

$

(77.3

)

$

(144.0

)

$

(60.5

)

$

(132.2

)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Amounts recognized in the consolidated balance sheets

		Fiscal Year Ended
		September 30, 2015						September 30, 2014						September 30, 2013
		U.S.			Int'l			U.S.			Int'l			U.S.			Int'l
		(in millions)
Amounts recognized in the consolidated balance sheets:
Other non-current assets		$	1.6		$	1.7		$	—		$	1.1		$	—		$	0.6
Accrued expenses and other current liabilities			(10.6	)		—			(1.7	)		—			(1.4	)		—
Other long-term liabilities			(250.2	)		(315.1	)		(75.6	)		(145.1	)		(59.1	)		(132.8	)
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Net amount recognized in the balance sheet		$	(259.2	)	$	(313.4	)	$	(77.3	)	$	(144.0	)	$	(60.5	)	$	(132.2	)
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​

Reconciliation of amounts in the consolidated statements of stockholders' equity

Fiscal Year Ended

September 30, 2015

September 30, 2014

September 30, 2013

U.S.

Int'l

U.S.

Int'l

U.S.

Int'l

(in millions)

Reconciliation of amounts in consolidated statements of stockholders' equity:

Prior service credit

$

—

$

5.3

$

—

$

5.8

$

—

$

6.0

Net (loss)

(99.3

)

(183.6

)

(113.0

)

(190.1

)

(99.4

)

(170.7

)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Total recognized in accumulated other comprehensive (loss)

$

(99.3

)

$

(178.3

)

$

(113.0

)

$

(184.3

)

$

(99.4

)

$

(164.7

)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Components of net periodic cost for the Company's pension and post-retirement plans

		Fiscal Year Ended
		September 30, 2015						September 30, 2014						September 30, 2013
		U.S.			Int'l			U.S.			Int'l			U.S.			Int'l
		(in millions)
Components of net periodic (benefit) cost:
Service costs		$	6.8		$	1.1		$	—		$	0.7		$	—		$	1.0
Interest cost on projected benefit obligation			28.2			47.1			7.8			27.9			6.6			23.8
Expected return on plan assets			(29.4	)		(49.4	)		(8.6	)		(26.1	)		(8.5	)		(22.7	)
Amortization of prior service costs			—			(0.2	)		—			(0.2	)		—			(0.2	)
Amortization of net loss			4.3			5.9			4.0			4.9			4.3			4.0
Settlement loss recognized			0.6			0.7			—			0.4			—			2.6
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Net periodic (benefit) cost		$	10.5		$	5.2		$	3.2		$	7.6		$	2.4		$	8.5
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​

Amounts included in accumulated other comprehensive loss that are expected to be recognized as components of net periodic benefit cost during the next fiscal year

Amounts included in accumulated other comprehensive loss as of September 30, 2015 that are expected to be recognized as components of net periodic benefit cost during fiscal 2016 are (in millions):

		U.S.			Int'l
Amortization of prior service cost		$	—		$	0.2
Amortization of net actuarial losses			(4.0	)		(5.7	)
​	​	​	​	​	​	​	​
Total		$	(4.0	)	$	(5.5	)
​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​

Additional year-end information for pension plans with accumulated benefit obligations in excess of plan assets

		Fiscal Year Ended
		September 30, 2015						September 30, 2014						September 30, 2013
		U.S.			Int'l			U.S.			Int'l			U.S.			Int'l
		(in millions)
Projected benefit obligation		$	692.5		$	1,226.2		$	217.0		$	658.5		$	180.3		$	601.7
Accumulated benefit obligation			686.5			1,222.0			217.0			656.3			180.3			599.8
Fair value of plan assets			455.6			911.2			139.7			513.4			119.8			469.0

Schedule of expected future benefit payments

        The table below provides the expected future benefit payments, in millions:

Year Ending September 30,		U.S.			Int'l
2016		$	40.6		$	37.4
2017			41.0			41.2
2018			40.6			44.4
2019			41.4			41.4
2020			42.8			43.1
2021 - 2025			217.0			242.5
​	​	​	​	​	​	​	​
Total		$	423.4		$	450.0
​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​

Schedule of underlying assumptions for the pension plans

		Fiscal Year Ended
		September 30, 2015						September 30, 2014						September 30, 2013
		U.S.			Int'l			U.S.			Int'l			U.S.			Int'l
Weighted-average assumptions to determine benefit obligation:
Discount rate			4.10	%		3.80	%		4.00	%		3.94	%		4.40	%		4.44	%
Salary increase rate			3.81	%		2.51	%		N/A			2.38	%		N/A			2.58	%
Weighted-average assumptions to determine net periodic benefit cost:
Discount rate			3.88	%		3.92	%		4.40	%		4.44	%		3.50	%		4.39	%
Salary increase rate			4.50	%		2.65	%		N/A			2.58	%		N/A			2.36	%
Expected long-term rate of return on plan assets			6.73	%		6.00	%		7.50	%		5.40	%		7.50	%		5.11	%

Summary of the Company's target allocation and pension plan asset allocation, both U.S. and international

Percentage of Plan Assets as of September 30,

Target Allocations

2015

2014

U.S.

Int'l

U.S.

Int'l

U.S.

Int'l

Asset Category

Equities

39

%

30

%

37

%

27

%

58

%

28

%

Debt

57

30

59

30

31

33

Cash

1

10

1

4

1

3

Property and other

3

30

3

39

10

36

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Total

100

%

100

%

100

%

100

%

100

%

100

%

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Fair values of the Company's post-retirement benefit plan assets by major asset categories

					Fair Value Measurement as of September 30, 2015
		Total Carrying Value as of September 30, 2015			Quoted Prices in Active Markets (Level 1)			Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)
		(in millions)
Cash and cash equivalents		$	44.4		$	11.0		$	33.4		$	—
Equity securities
Global equity securities			52.8			—			52.8			—
Domestic equity securities			60.0			—			60.0			—
Investment funds
Diversified funds			287.4			—			287.4			—
Equity funds			309.6			—			309.6			—
Fixed income funds			542.5			—			542.5			—
Hedge funds			53.0			—			39.4			13.6
Assets held by insurance company			35.1			—			35.1			—
​	​	​	​	​	​	​	​	​	​	​	​	​	​
Total		$	1,384.8		$	11.0		$	1,360.2		$	13.6
​	​	​	​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​	​	​	​

Fair Value Measurement as of September 30, 2014

Total Carrying Value as of September 30, 2014

Quoted Prices in Active Markets (Level 1)

Significant Other Observable Inputs (Level 2)

Significant Unobservable Inputs (Level 3)

(in millions)

Cash and cash equivalents

$

7.9

$

3.4

$

4.5

$

—

Investment funds

Diversified funds

159.3

—

159.3

—

Equity funds

220.3

—

220.3

—

Fixed income funds

219.3

—

219.3

—

Hedge funds

27.9

—

14.2

13.7

Assets held by insurance company

37.6

—

37.6

—

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Total

$

672.3

$

3.4

$

655.2

$

13.7

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Changes in the fair value of the Company's post-retirement plan Level 3 assets

		September 30, 2014 Beginning balance			Actual return on plan assets, relating to assets still held at reporting date			Actual return on plan assets, relating to assets sold during the period			Purchases, sales and settlements			Transfer into / (out of) Level 3			Change due to exchange rate changes			September 30, 2015 Ending balance
		(in millions)
Investment funds
Hedge funds		$	13.7		$	(0.1	)	$	—		$	—		$	—		$	—		$	13.6

		September 30, 2013 Beginning balance			Actual return on plan assets, relating to assets still held at reporting date			Actual return on plan assets, relating to assets sold during the period			Purchases, sales and settlements			Transfer into / (out of) Level 3			Change due to exchange rate changes			September 30, 2014 Ending balance
		(in millions)
Investment funds
Hedge funds		$	12.6		$	1.1		$	—		$	—		$	—		$	—		$	13.7

X

- Definition

Tabular disclosure of net gain (loss), prior service cost (credit), and transition assets (obligations) included in accumulated other comprehensive income associated with a defined benefit pension or other postretirement plan(s) because they have yet to be recognized as components of net periodic benefit cost.

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Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef



-Publisher FASB



-Name Accounting Standards Codification



-Topic 715



-SubTopic 20



-Section 50



-Paragraph 1



-Subparagraph (h)



-URI http://asc.fasb.org/extlink&oid=35743120&loc=d3e1928-114920

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- Definition

Tabular disclosure of net funded status of pension plans and/or other employee benefit plans.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef



-Publisher FASB



-Name Accounting Standards Codification



-Topic 715



-SubTopic 20



-Section 50



-Paragraph 1



-Subparagraph (c)



-URI http://asc.fasb.org/extlink&oid=35743120&loc=d3e1928-114920

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