Derivative Financial Instruments (Tables)

9 Months Ended

Jun. 30, 2015

(1) Effective date of October 5, 2015.

The fair values of our outstanding derivative instruments were as follows (in millions):

		Fair Value of Derivative Instruments as of
	Balance Sheet Location	Jun 30, 2015		Sep 30, 2014
Derivative assets
Derivatives designated as hedging instruments:
Interest rate swap agreements	Other non-current asset	$	—	$	1.7
Derivatives not designated as hedging instruments:
Foreign currency forward contracts	Prepaid expenses and other current assets	1.5		3.1

Total		$	1.5	$	4.8

Derivative liabilities
Derivatives designated as hedging instruments:
Interest rate swap agreements	Accrued expenses and other current liabilities	$	6.5	$	4.8
Interest rate swap agreements	Other long-term liabilities	1.0		—
Foreign currency forward contracts	Accrued expenses and other current liabilities	1.4		—
Foreign currency forward contracts	Other long-term liabilities	1.0		—
Derivatives not designated as hedging instruments:
Foreign currency forward contracts	Accrued expenses and other current liabilities	0.9		3.7

Total		$	10.8	$	8.5

The effect of derivative instruments in cash flow hedging relationships on income and other comprehensive income is summarized below (in millions):

	Decrease (Increase) in Losses Recognized in Accumulated Other Comprehensive Loss on Derivatives Before Tax Effect (Effective Portion) Three Months Ended Jun 30,						Increase in Losses Recognized in Accumulated Other Comprehensive Loss on Derivatives Before Tax Effect (Effective Portion) Nine Months Ended Jun 30,
	2015			2014			2015			2014
Derivatives in cash flow hedging relationship:
Interest rate swap agreements	$	1.7		$	(2.9	)	$	(8.2	)	$	(3.2	)
Foreign currency forward contracts	(1.0		)	—			(2.4		)	—

		Losses Reclassified from Accumulated Other Comprehensive Loss into Income (Effective Portion) Three Months Ended Jun 30,						Losses Reclassified from Accumulated Other Comprehensive Loss into Income (Effective Portion) Nine Months Ended Jun 30,
	Location	2015			2014			2015			2014
Derivatives in cash flow hedging relationship:
Interest rate swap agreements	Interest expense	$	(1.5	)	$	(0.7	)	$	(3.8	)	$	(2.3	)
Foreign currency forward contracts	Cost of revenue	(0.5		)	—			(0.9		)	—

The effect of derivative instruments not designated as hedging instruments on income is summarized below (in millions):

		Gains / (Losses) Recognized in Income on Derivatives (Amount Excluded from Effectiveness Testing and Ineffective Portion)(1) Three Months Ended Jun 30,				Gains / (Losses) Recognized in Income on Derivatives (Amount Excluded from Effectiveness Testing and Ineffective Portion)(1) Nine Months Ended Jun 30,
	Location	2015		2014		2015		2014
Derivatives not designated as hedging instruments:
Foreign currency forward contracts	General and administrative expenses	$	2.4	$	0.6	$	2.4	$	—

		$	2.4	$	0.6	$	2.4	$	—

(1)

Losses related to the ineffective portion of the hedges were not material in all periods presented.