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Condensed Consolidating Financial Information (Tables) | 12 Months Ended
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Sep. 30, 2018
Condensed Consolidating Financial Information |
Schedule of Condensed Consolidating Balance Sheets | Condensed Consolidating Balance Sheets (in millions) September 30, 2018
|  |  |  |  |  | Non- |  |  |  |
|  |  |  | Guarantor |  | Guarantor |  |  |  |
|  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Total
ASSETS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
CURRENT ASSETS: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total cash and cash equivalents |  | $ | 22.0 |  | $ | 270.9 |  | $ | 593.8 |  | $ | — |  | $ | 886.7
Accounts receivable—net |  |  | — |  |  | 2,544.7 |  |  | 2,924.1 |  |  | — |  |  | 5,468.8
Intercompany receivable |  |  | 951.1 |  |  | 84.9 |  |  | 157.9 |  |  | (1,193.9) |  |  | —
Prepaid expenses and other current assets |  |  | 52.9 |  |  | 331.6 |  |  | 200.7 |  |  | — |  |  | 585.2
Current assets held for sale |  |  | — |  |  | — |  |  | 59.8 |  |  | — |  |  | 59.8
Income taxes receivable |  |  | 84.6 |  |  | — |  |  | 42.2 |  |  | — |  |  | 126.8
TOTAL CURRENT ASSETS |  |  | 1,110.6 |  |  | 3,232.1 |  |  | 3,978.5 |  |  | (1,193.9) |  |  | 7,127.3
PROPERTY AND EQUIPMENT—NET |  |  | 202.6 |  |  | 217.3 |  |  | 194.2 |  |  | — |  |  | 614.1
DEFERRED TAX ASSETS—NET |  |  | 134.0 |  |  | — |  |  | 150.0 |  |  | (124.6) |  |  | 159.4
INVESTMENTS IN CONSOLIDATED SUBSIDIARIES |  |  | 6,364.1 |  |  | 1,912.0 |  |  | — |  |  | (8,276.1) |  |  | —
INVESTMENTS IN UNCONSOLIDATED JOINT VENTURES |  |  | 13.4 |  |  | 49.6 |  |  | 247.7 |  |  | — |  |  | 310.7
GOODWILL |  |  | — |  |  | 3,392.7 |  |  | 2,528.4 |  |  | — |  |  | 5,921.1
INTANGIBLE ASSETS—NET |  |  | — |  |  | 218.6 |  |  | 101.3 |  |  | — |  |  | 319.9
OTHER NON-CURRENT ASSETS |  |  | 49.9 |  |  | 45.6 |  |  | 133.1 |  |  | — |  |  | 228.6
TOTAL ASSETS |  | $ | 7,874.6 |  | $ | 9,067.9 |  | $ | 7,333.2 |  | $ | (9,594.6) |  | $ | 14,681.1
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
CURRENT LIABILITIES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Short-term debt |  | $ | 8.4 |  | $ | — |  | $ | — |  | $ | — |  | $ | 8.4
Accounts payable |  |  | 53.6 |  |  | 1,616.7 |  |  | 1,055.7 |  |  | — |  |  | 2,726.0
Accrued expenses and other current liabilities |  |  | 58.8 |  |  | 1,035.6 |  |  | 1,172.7 |  |  | — |  |  | 2,267.1
Income taxes payable |  |  | 10.4 |  |  | — |  |  | 29.4 |  |  | — |  |  | 39.8
Intercompany payable |  |  | 105.5 |  |  | 830.8 |  |  | 416.9 |  |  | (1,353.2) |  |  | —
Billings in excess of costs on uncompleted contracts |  |  | 1.5 |  |  | 316.1 |  |  | 613.8 |  |  | — |  |  | 931.4
Current liabilities held for sale |  |  | — |  |  | — |  |  | 22.3 |  |  | — |  |  | 22.3
Current portion of long-term debt |  |  | 43.3 |  |  | 27.0 |  |  | 64.4 |  |  | — |  |  | 134.7
TOTAL CURRENT LIABILITIES |  |  | 281.5 |  |  | 3,826.2 |  |  | 3,375.2 |  |  | (1,353.2) |  |  | 6,129.7
OTHER LONG-TERM LIABILITIES |  |  | 131.6 |  |  | 249.0 |  |  | 361.5 |  |  | — |  |  | 742.1
DEFERRED TAX LIABILITY—NET |  |  | — |  |  | 63.1 |  |  | 108.9 |  |  | (124.7) |  |  | 47.3
NOTE PAYABLE INTERCOMPANY—NON CURRENT |  |  | 800.9 |  |  | — |  |  | 487.5 |  |  | (1,288.4) |  |  | —
LONG‑TERM DEBT |  |  | 2,627.8 |  |  | 291.4 |  |  | 564.5 |  |  | — |  |  | 3,483.7
TOTAL LIABILITIES |  |  | 3,841.8 |  |  | 4,429.7 |  |  | 4,897.6 |  |  | (2,766.3) |  |  | 10,402.8
TOTAL AECOM STOCKHOLDERS’ EQUITY |  |  | 4,032.8 |  |  | 4,638.2 |  |  | 2,250.1 |  |  | (6,828.3) |  |  | 4,092.8
Noncontrolling interests |  |  | — |  |  | — |  |  | 185.5 |  |  | — |  |  | 185.5
TOTAL STOCKHOLDERS’ EQUITY |  |  | 4,032.8 |  |  | 4,638.2 |  |  | 2,435.6 |  |  | (6,828.3) |  |  | 4,278.3
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY |  | $ | 7,874.6 |  | $ | 9,067.9 |  | $ | 7,333.2 |  | $ | (9,594.6) |  | $ | 14,681.1
Condensed Consolidating Balance Sheets (in millions) September 30, 2017
|  |  |  |  |  | Non- |  |  |  |
|  |  |  | Guarantor |  | Guarantor |  |  |  |
|  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Total
ASSETS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
CURRENT ASSETS: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total cash and cash equivalents |  | $ | 32.6 |  | $ | 254.9 |  | $ | 514.9 |  | $ | — |  | $ | 802.4
Accounts receivable—net |  |  | — |  |  | 2,426.4 |  |  | 2,701.3 |  |  | — |  |  | 5,127.7
Intercompany receivable |  |  | 723.6 |  |  | 89.0 |  |  | 183.4 |  |  | (996.0) |  |  | —
Prepaid expenses and other current assets |  |  | 67.5 |  |  | 366.5 |  |  | 262.7 |  |  | — |  |  | 696.7
Income taxes receivable |  |  | 4.3 |  |  | — |  |  | 51.1 |  |  | — |  |  | 55.4
TOTAL CURRENT ASSETS |  |  | 828.0 |  |  | 3,136.8 |  |  | 3,713.4 |  |  | (996.0) |  |  | 6,682.2
PROPERTY AND EQUIPMENT—NET |  |  | 160.2 |  |  | 215.0 |  |  | 246.2 |  |  | — |  |  | 621.4
DEFERRED TAX ASSETS—NET |  |  | 239.7 |  |  | 61.7 |  |  | 164.5 |  |  | (294.6) |  |  | 171.3
INVESTMENTS IN CONSOLIDATED SUBSIDIARIES |  |  | 6,606.2 |  |  | 2,812.8 |  |  | — |  |  | (9,419.0) |  |  | —
INVESTMENTS IN UNCONSOLIDATED JOINT VENTURES |  |  | 7.2 |  |  | 69.7 |  |  | 287.3 |  |  | — |  |  | 364.2
GOODWILL |  |  | — |  |  | 3,392.7 |  |  | 2,600.2 |  |  | — |  |  | 5,992.9
INTANGIBLE ASSETS—NET |  |  | — |  |  | 271.6 |  |  | 143.5 |  |  | — |  |  | 415.1
OTHER NON-CURRENT ASSETS |  |  | 8.7 |  |  | 47.4 |  |  | 93.8 |  |  | — |  |  | 149.9
TOTAL ASSETS |  | $ | 7,850.0 |  | $ | 10,007.7 |  | $ | 7,248.9 |  | $ | (10,709.6) |  | $ | 14,397.0
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
CURRENT LIABILITIES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Short-term debt |  | $ | 1.1 |  | $ | — |  | $ | 0.1 |  | $ | — |  | $ | 1.2
Accounts payable |  |  | 33.8 |  |  | 1,301.7 |  |  | 914.4 |  |  | — |  |  | 2,249.9
Accrued expenses and other current liabilities |  |  | 92.2 |  |  | 1,171.8 |  |  | 981.5 |  |  | — |  |  | 2,245.5
Income taxes payable |  |  | — |  |  | 8.1 |  |  | 30.1 |  |  | — |  |  | 38.2
Intercompany payable |  |  | 149.2 |  |  | 789.5 |  |  | 159.6 |  |  | (1,098.3) |  |  | —
Billings in excess of costs on uncompleted contracts |  |  | 3.4 |  |  | 341.7 |  |  | 557.7 |  |  | — |  |  | 902.8
Current portion of long-term debt |  |  | 110.9 |  |  | 14.9 |  |  | 15.0 |  |  | — |  |  | 140.8
TOTAL CURRENT LIABILITIES |  |  | 390.6 |  |  | 3,627.7 |  |  | 2,658.4 |  |  | (1,098.3) |  |  | 5,578.4
OTHER LONG-TERM LIABILITIES |  |  | 102.3 |  |  | 290.7 |  |  | 488.3 |  |  | — |  |  | 881.3
DEFERRED TAX LIABILITY—NET |  |  | — |  |  | 0.6 |  |  | 314.5 |  |  | (294.6) |  |  | 20.5
NOTE PAYABLE INTERCOMPANY—NON CURRENT |  |  | 0.1 |  |  | — |  |  | 467.2 |  |  | (467.3) |  |  | —
LONG-TERM DEBT |  |  | 3,366.9 |  |  | 281.6 |  |  | 53.6 |  |  | — |  |  | 3,702.1
TOTAL LIABILITIES |  |  | 3,859.9 |  |  | 4,200.6 |  |  | 3,982.0 |  |  | (1,860.2) |  |  | 10,182.3
TOTAL AECOM STOCKHOLDERS’ EQUITY |  |  | 3,990.1 |  |  | 5,807.1 |  |  | 3,048.3 |  |  | (8,849.4) |  |  | 3,996.1
Noncontrolling interests |  |  | — |  |  | — |  |  | 218.6 |  |  | — |  |  | 218.6
TOTAL STOCKHOLDERS’ EQUITY |  |  | 3,990.1 |  |  | 5,807.1 |  |  | 3,266.9 |  |  | (8,849.4) |  |  | 4,214.7
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY |  | $ | 7,850.0 |  | $ | 10,007.7 |  | $ | 7,248.9 |  | $ | (10,709.6) |  | $ | 14,397.0
Schedule of Condensed Consolidating Statements of Operations | Condensed Consolidating Statements of Operations (in millions)
|  | For the Fiscal Year Ended September 30, 2018
|  |  |  | Guarantor |  | Non-Guarantor |  |  |  |
|  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Total
Revenue |  | $ | — |  | $ | 11,052.9 |  | $ | 9,212.9 |  | $ | (110.3) |  | $ | 20,155.5
Cost of revenue |  |  | — |  |  | 10,757.2 |  |  | 8,858.0 |  |  | (110.3) |  |  | 19,504.9
Gross profit |  |  | — |  |  | 295.7 |  |  | 354.9 |  |  | — |  |  | 650.6
Equity in earnings from subsidiaries |  |  | 460.9 |  |  | 207.2 |  |  | — |  |  | (668.1) |  |  | —
Equity in earnings of joint ventures |  |  | — |  |  | 37.2 |  |  | 43.9 |  |  | — |  |  | 81.1
General and administrative expenses |  |  | (124.4) |  |  | — |  |  | (11.3) |  |  | — |  |  | (135.7)
Impairment on assets held for sale, including goodwill |  |  | — |  |  | — |  |  | (168.2) |  |  | — |  |  | (168.2)
Loss on disposal activities |  |  | — |  |  | — |  |  | (2.9) |  |  | — |  |  | (2.9)
Income from operations |  |  | 336.5 |  |  | 540.1 |  |  | 216.4 |  |  | (668.1) |  |  | 424.9
Other income |  |  | 12.0 |  |  | 34.5 |  |  | 12.7 |  |  | (39.1) |  |  | 20.1
Interest expense |  |  | (242.9) |  |  | (25.1) |  |  | (38.6) |  |  | 39.1 |  |  | (267.5)
Income before income tax (benefit) expense |  |  | 105.6 |  |  | 549.5 |  |  | 190.5 |  |  | (668.1) |  |  | 177.5
Income tax (benefit) expense |  |  | (31.1) |  |  | 98.8 |  |  | (87.4) |  |  | — |  |  | (19.7)
Net income |  |  | 136.7 |  |  | 450.7 |  |  | 277.9 |  |  | (668.1) |  |  | 197.2
Noncontrolling interests in income of consolidated subsidiaries, net of tax |  |  | — |  |  | — |  |  | (60.7) |  |  | — |  |  | (60.7)
Net income attributable to AECOM |  | $ | 136.7 |  | $ | 450.7 |  | $ | 217.2 |  | $ | (668.1) |  | $ | 136.5
|  | For the Fiscal Year Ended September 30, 2017
|  |  |  | Guarantor |  | Non-Guarantor |  |  |  |
|  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Total
Revenue |  | $ | — |  | $ | 10,491.6 |  | $ | 7,764.1 |  | $ | (52.3) |  | $ | 18,203.4
Cost of revenue |  |  | — |  |  | 10,136.1 |  |  | 7,435.9 |  |  | (52.3) |  |  | 17,519.7
Gross profit |  |  | — |  |  | 355.5 |  |  | 328.2 |  |  | — |  |  | 683.7
Equity in earnings from subsidiaries |  |  | 439.3 |  |  | 222.4 |  |  | — |  |  | (661.7) |  |  | —
Equity in earnings of joint ventures |  |  | — |  |  | 43.8 |  |  | 97.8 |  |  | — |  |  | 141.6
General and administrative expenses |  |  | (124.7) |  |  | — |  |  | (8.7) |  |  | — |  |  | (133.4)
Acquisition and integration expenses |  |  | (38.7) |  |  | — |  |  | — |  |  | — |  |  | (38.7)
Gain on disposal activities |  |  | — |  |  | — |  |  | 0.6 |  |  | — |  |  | 0.6
Income from operations |  |  | 275.9 |  |  | 621.7 |  |  | 417.9 |  |  | (661.7) |  |  | 653.8
Other income |  |  | 2.1 |  |  | 31.9 |  |  | 9.2 |  |  | (36.5) |  |  | 6.7
Interest expense |  |  | (203.7) |  |  | (31.1) |  |  | (33.0) |  |  | 36.5 |  |  | (231.3)
Income before income tax (benefit) expense |  |  | 74.3 |  |  | 622.5 |  |  | 394.1 |  |  | (661.7) |  |  | 429.2
Income tax (benefit) expense |  |  | (264.9) |  |  | 182.5 |  |  | 58.4 |  |  | 31.7 |  |  | 7.7
Net income |  |  | 339.2 |  |  | 440.0 |  |  | 335.7 |  |  | (693.4) |  |  | 421.5
Noncontrolling interests in income of consolidated subsidiaries, net of tax |  |  | — |  |  | — |  |  | (82.1) |  |  | — |  |  | (82.1)
Net income attributable to AECOM |  | $ | 339.2 |  | $ | 440.0 |  | $ | 253.6 |  | $ | (693.4) |  | $ | 339.4
Condensed Consolidating Statements of Operations (in millions)
|  | For the Fiscal Year Ended September 30, 2016
|  |  |  | Guarantor |  | Non-Guarantor |  |  |  |
|  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Total
Revenue |  | $ | — |  | $ | 10,182.1 |  | $ | 7,310.7 |  | $ | (82.0) |  | $ | 17,410.8
Cost of revenue |  |  | — |  |  | 9,864.3 |  |  | 6,985.7 |  |  | (82.0) |  |  | 16,768.0
Gross profit |  |  | — |  |  | 317.8 |  |  | 325.0 |  |  | — |  |  | 642.8
Equity in earnings from subsidiaries |  |  | 437.4 |  |  | 242.7 |  |  | — |  |  | (680.1) |  |  | —
Equity in earnings of joint ventures |  |  | — |  |  | 38.4 |  |  | 65.6 |  |  | — |  |  | 104.0
General and administrative expenses |  |  | (114.0) |  |  | (1.1) |  |  | — |  |  | — |  |  | (115.1)
Acquisition and integration expenses |  |  | (213.6) |  |  | — |  |  | — |  |  | — |  |  | (213.6)
Loss on disposal activities |  |  | — |  |  | — |  |  | (42.6) |  |  | — |  |  | (42.6)
Income from operations |  |  | 109.8 |  |  | 597.8 |  |  | 348.0 |  |  | (680.1) |  |  | 375.5
Other income |  |  | 0.8 |  |  | 34.7 |  |  | 12.7 |  |  | (40.0) |  |  | 8.2
Interest expense |  |  | (231.7) |  |  | (29.0) |  |  | (37.4) |  |  | 40.0 |  |  | (258.1)
(Loss) income before income tax (benefit) expense |  |  | (121.1) |  |  | 603.5 |  |  | 323.3 |  |  | (680.1) |  |  | 125.6
Income tax (benefit) expense |  |  | (217.3) |  |  | 118.7 |  |  | 23.4 |  |  | 37.3 |  |  | (37.9)
Net income |  |  | 96.2 |  |  | 484.8 |  |  | 299.9 |  |  | (717.4) |  |  | 163.5
Noncontrolling interests in income of consolidated subsidiaries, net of tax |  |  | — |  |  | — |  |  | (67.4) |  |  | — |  |  | (67.4)
Net income attributable to AECOM |  | $ | 96.2 |  | $ | 484.8 |  | $ | 232.5 |  | $ | (717.4) |  | $ | 96.1
Schedule of Consolidating Statements of Comprehensive Income (Loss) | Consolidating Statements of Comprehensive Income (Loss) (in millions)
|  | For the Fiscal Year Ended September 30, 2018
|  |  |  | Guarantor |  | Non-Guarantor |  |  |  |
|  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Total
Net income |  | $ | 136.7 |  | $ | 450.7 |  | $ | 277.9 |  | $ | (668.1) |  | $ | 197.2
Other comprehensive income (loss), net of tax: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net unrealized gain (loss) on derivatives, net of tax |  |  | 2.3 |  |  | — |  |  | (0.6) |  |  | — |  |  | 1.7
Foreign currency translation adjustments |  |  | — |  |  | — |  |  | (82.7) |  |  | — |  |  | (82.7)
Pension adjustments, net of tax |  |  | 5.0 |  |  | 10.8 |  |  | 63.7 |  |  | — |  |  | 79.5
Other comprehensive income (loss), net of tax |  |  | 7.3 |  |  | 10.8 |  |  | (19.6) |  |  | — |  |  | (1.5)
Comprehensive income, net of tax |  |  | 144.0 |  |  | 461.5 |  |  | 258.3 |  |  | (668.1) |  |  | 195.7
Noncontrolling interests in comprehensive income of consolidated subsidiaries, net of tax |  |  | — |  |  | — |  |  | (61.9) |  |  | — |  |  | (61.9)
Comprehensive income attributable to AECOM, net of tax |  | $ | 144.0 |  | $ | 461.5 |  | $ | 196.4 |  | $ | (668.1) |  | $ | 133.8
|  | For the Fiscal Year Ended September 30, 2017
|  |  |  | Guarantor |  | Non-Guarantor |  |  |  |
|  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Total
Net income |  | $ | 339.2 |  | $ | 440.0 |  | $ | 335.7 |  | $ | (693.4) |  | $ | 421.5
Other comprehensive income (loss), net of tax: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net unrealized gain (loss) on derivatives, net of tax |  |  | 4.9 |  |  | — |  |  | (0.3) |  |  | — |  |  | 4.6
Foreign currency translation adjustments |  |  | — |  |  | — |  |  | 65.4 |  |  | — |  |  | 65.4
Pension adjustments, net of tax |  |  | 7.1 |  |  | 13.8 |  |  | 66.1 |  |  | — |  |  | 87.0
Other comprehensive income, net of tax |  |  | 12.0 |  |  | 13.8 |  |  | 131.2 |  |  | — |  |  | 157.0
Comprehensive income, net of tax |  |  | 351.2 |  |  | 453.8 |  |  | 466.9 |  |  | (693.4) |  |  | 578.5
Noncontrolling interests in comprehensive income of consolidated subsidiaries, net of tax |  |  | — |  |  | — |  |  | (82.2) |  |  | — |  |  | (82.2)
Comprehensive income attributable to AECOM, net of tax |  | $ | 351.2 |  | $ | 453.8 |  | $ | 384.7 |  | $ | (693.4) |  | $ | 496.3
|  | For the Fiscal Year Ended September 30, 2016
|  |  |  | Guarantor |  | Non-Guarantor |  |  |  |
|  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Total
Net income |  | $ | 96.2 |  | $ | 484.8 |  | $ | 299.9 |  | $ | (717.4) |  | $ | 163.5
Other comprehensive income (loss), net of tax: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net unrealized gain on derivatives, net of tax |  |  | 2.6 |  |  | — |  |  | 3.4 |  |  | — |  |  | 6.0
Foreign currency translation adjustments |  |  | — |  |  | — |  |  | (65.3) |  |  | — |  |  | (65.3)
Pension adjustments, net of tax |  |  | (3.3) |  |  | (14.9) |  |  | (146.7) |  |  | — |  |  | (164.9)
Other comprehensive loss, net of tax |  |  | (0.7) |  |  | (14.9) |  |  | (208.6) |  |  | — |  |  | (224.2)
Comprehensive income (loss), net of tax |  |  | 95.5 |  |  | 469.9 |  |  | 91.3 |  |  | (717.4) |  |  | (60.7)
Noncontrolling interests in comprehensive income of consolidated subsidiaries, net of tax |  |  | — |  |  | — |  |  | (65.7) |  |  | — |  |  | (65.7)
Comprehensive income (loss) attributable to AECOM, net of tax |  | $ | 95.5 |  | $ | 469.9 |  | $ | 25.6 |  | $ | (717.4) |  | $ | (126.4)
Schedule on Condensed Consolidating Statements of Cash Flows | Condensed Consolidating Statements of Cash Flows (in millions)
|  | For the Fiscal Year Ended September 30, 2018
|  |  |  | Guarantor |  | Non-Guarantor |  |  |  |
|  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Total
CASH FLOWS FROM OPERATING ACTIVITIES |  | $ | (205.5) |  | $ | 640.9 |  | $ | 339.1 |  | $ | — |  | $ | 774.5
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from purchase price adjustment to business acquisition |  |  | — |  |  | — |  |  | 2.2 |  |  | — |  |  | 2.2
Cash acquired from consolidation of joint venture |  |  | — |  |  | — |  |  | 7.6 |  |  | — |  |  | 7.6
Proceeds from disposal of business, net of cash disposed |  |  | — |  |  | — |  |  | 19.5 |  |  | — |  |  | 19.5
Net investment in unconsolidated joint ventures |  |  | (6.1) |  |  | (9.1) |  |  | 30.0 |  |  | — |  |  | 14.8
Net purchases of investments |  |  | — |  |  | — |  |  | (16.3) |  |  | — |  |  | (16.3)
Payments for capital expenditures, net of disposals |  |  | (29.3) |  |  | (39.1) |  |  | (18.5) |  |  | — |  |  | (86.9)
Net investment in intercompany notes |  |  | (54.3) |  |  | (778.8) |  |  | (5.6) |  |  | 838.7 |  |  | —
Other intercompany investing activities |  |  | 528.2 |  |  | 1,022.1 |  |  | — |  |  | (1,550.3) |  |  | —
Net cash provided by investing activities |  |  | 438.5 |  |  | 195.1 |  |  | 18.9 |  |  | (711.6) |  |  | (59.1)
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from borrowings under credit agreements |  |  | 7,770.4 |  |  | 0.2 |  |  | 758.4 |  |  | — |  |  | 8,529.0
Repayments of borrowings under credit agreements |  |  | (7,820.0) |  |  | (18.0) |  |  | (202.2) |  |  | — |  |  | (8,040.2)
Redemption of unsecured senior notes |  |  | (800.0) |  |  | — |  |  | — |  |  | — |  |  | (800.0)
Prepayment penalty on unsecured senior notes |  |  | (34.5) |  |  | — |  |  | — |  |  | — |  |  | (34.5)
Cash paid for debt issuance costs |  |  | (12.2) |  |  | — |  |  | — |  |  | — |  |  | (12.2)
Proceeds from issuance of common stock |  |  | 35.2 |  |  | — |  |  | — |  |  | — |  |  | 35.2
Proceeds from exercise of stock options |  |  | 2.8 |  |  | — |  |  | — |  |  | — |  |  | 2.8
Payments to repurchase common stock under the share repurchase Program |  |  | (150.0) |  |  | — |  |  | — |  |  | — |  |  | (150.0)
Payments to repurchase common stock |  |  | (29.5) |  |  | — |  |  | — |  |  | — |  |  | (29.5)
Net distributions to noncontrolling interests |  |  | — |  |  | — |  |  | (89.8) |  |  | — |  |  | (89.8)
Other financing activities |  |  | (3.6) |  |  | (22.4) |  |  | (9.7) |  |  | — |  |  | (35.7)
Net borrowings on intercompany notes |  |  | 797.8 |  |  | 5.9 |  |  | 35.0 |  |  | (838.7) |  |  | —
Other intercompany financing activities |  |  | — |  |  | (785.7) |  |  | (764.6) |  |  | 1,550.3 |  |  | —
Net cash used in financing activities |  |  | (243.6) |  |  | (820.0) |  |  | (272.9) |  |  | 711.6 |  |  | (624.9)
EFFECT OF EXCHANGE RATE CHANGES ON CASH |  |  | — |  |  | — |  |  | (6.2) |  |  | — |  |  | (6.2)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS |  |  | (10.6) |  |  | 16.0 |  |  | 78.9 |  |  | — |  |  | 84.3
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR |  |  | 32.6 |  |  | 254.9 |  |  | 514.9 |  |  | — |  |  | 802.4
CASH AND CASH EQUIVALENTS AT END OF YEAR |  | $ | 22.0 |  | $ | 270.9 |  | $ | 593.8 |  | $ | — |  | $ | 886.7
|  | For the Fiscal Year Ended September 30, 2017
|  |  |  | Guarantor |  | Non-Guarantor |  |  |  |
|  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Total
CASH FLOWS FROM OPERATING ACTIVITIES |  | $ | (5.9) |  | $ | 695.0 |  | $ | 7.6 |  | $ | — |  | $ | 696.7
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Payments for business acquisitions, net of cash acquired |  |  | — |  |  | — |  |  | (103.1) |  |  | — |  |  | (103.1)
Proceeds from disposal of business, net of cash disposed |  |  | — |  |  | — |  |  | 2.2 |  |  | — |  |  | 2.2
Net investment in unconsolidated joint ventures |  |  | — |  |  | (2.7) |  |  | (21.6) |  |  | — |  |  | (24.3)
Net purchases of investments |  |  | — |  |  | — |  |  | 0.9 |  |  | — |  |  | 0.9
Payments for capital expenditures, net of disposals |  |  | (21.7) |  |  | (30.6) |  |  | (26.1) |  |  | — |  |  | (78.4)
Net (investment in) reciepts from intercompany notes |  |  | (4.6) |  |  | 102.8 |  |  | 12.2 |  |  | (110.4) |  |  | —
Other intercompany investing activities |  |  | 139.0 |  |  | (233.2) |  |  | — |  |  | 94.2 |  |  | —
Net cash provided by (used in) investing activities |  |  | 112.7 |  |  | (163.7) |  |  | (135.5) |  |  | (16.2) |  |  | (202.7)
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from borrowings under credit agreements |  |  | 5,903.5 |  |  | 13.1 |  |  | 36.6 |  |  | — |  |  | 5,953.2
Repayments of borrowings under credit agreements |  |  | (6,956.3) |  |  | (51.1) |  |  | (64.2) |  |  | — |  |  | (7,071.6)
Issuance of unsecured senior notes |  |  | 1,000.0 |  |  | — |  |  | — |  |  | — |  |  | 1,000.0
Redemption of unsecured senior notes |  |  | — |  |  | (179.2) |  |  | — |  |  | — |  |  | (179.2)
Cash paid for debt and equity issuance costs |  |  | (13.0) |  |  | — |  |  | — |  |  | — |  |  | (13.0)
Proceeds from issuance of common stock |  |  | 30.1 |  |  | — |  |  | — |  |  | — |  |  | 30.1
Proceeds from exercise of stock options |  |  | 4.9 |  |  | — |  |  | — |  |  | — |  |  | 4.9
Payments to repurchase common stock |  |  | (25.1) |  |  | — |  |  | — |  |  | — |  |  | (25.1)
Net distributions to noncontrolling interests |  |  | — |  |  | — |  |  | (59.0) |  |  | — |  |  | (59.0)
Other financing activities |  |  | (24.1) |  |  | (38.3) |  |  | 35.6 |  |  | — |  |  | (26.8)
Net borrowings (repayments) on intercompany notes |  |  | 4.0 |  |  | (16.3) |  |  | (98.1) |  |  | 110.4 |  |  | —
Other intercompany financing activities |  |  | — |  |  | (200.9) |  |  | 295.1 |  |  | (94.2) |  |  | —
Net cash provided by (used in) financing activities |  |  | (76.0) |  |  | (472.7) |  |  | 146.0 |  |  | 16.2 |  |  | (386.5)
EFFECT OF EXCHANGE RATE CHANGES ON CASH |  |  | — |  |  | — |  |  | 2.8 |  |  | — |  |  | 2.8
NET INCREASE IN CASH AND CASH EQUIVALENTS |  |  | 30.8 |  |  | 58.6 |  |  | 20.9 |  |  | — |  |  | 110.3
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR |  |  | 1.8 |  |  | 196.3 |  |  | 494.0 |  |  | — |  |  | 692.1
CASH AND CASH EQUIVALENTS AT END OF YEAR |  | $ | 32.6 |  | $ | 254.9 |  | $ | 514.9 |  | $ | — |  | $ | 802.4
Condensed Consolidating Statements of Cash Flows (in millions)
|  | For the Fiscal Year Ended September 30, 2016
|  |  |  | Guarantor |  | Non-Guarantor |  |  |  |
|  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Total
CASH FLOWS FROM OPERATING ACTIVITIES |  | $ | (273.6) |  | $ | 639.0 |  | $ | 448.8 |  | $ | — |  | $ | 814.2
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Payments for business acquisitions, net of cash acquired |  |  | — |  |  | (1.0) |  |  | (4.5) |  |  | — |  |  | (5.5)
Proceeds from disposal of businesses and property |  |  | — |  |  | — |  |  | 39.7 |  |  | — |  |  | 39.7
Net investment in unconsolidated joint ventures |  |  | — |  |  | (3.1) |  |  | (68.4) |  |  | — |  |  | (71.5)
Net purchases of investments |  |  | — |  |  | — |  |  | 11.5 |  |  | — |  |  | 11.5
Payments for capital expenditures, net of disposals |  |  | (82.0) |  |  | (59.5) |  |  | 4.7 |  |  | — |  |  | (136.8)
Net receipts from (investment in) intercompany notes |  |  | 5.3 |  |  | 176.1 |  |  | (13.5) |  |  | (167.9) |  |  | —
Other intercompany investing activities |  |  | 791.2 |  |  | 140.3 |  |  | — |  |  | (931.5) |  |  | —
Net cash provided by (used in) investing activities |  |  | 714.5 |  |  | 252.8 |  |  | (30.5) |  |  | (1,099.4) |  |  | (162.6)
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from borrowings under credit agreements |  |  | 4,673.0 |  |  | 17.6 |  |  | 15.6 |  |  | — |  |  | 4,706.2
Repayments of borrowings under credit agreements |  |  | (5,124.1) |  |  | (22.8) |  |  | (53.1) |  |  | — |  |  | (5,200.0)
Cash paid for debt and equity issuance costs |  |  | (10.4) |  |  | — |  |  | — |  |  | — |  |  | (10.4)
Proceeds from issuance of common stock |  |  | 28.2 |  |  | — |  |  | — |  |  | — |  |  | 28.2
Proceeds from exercise of stock options |  |  | 9.9 |  |  | — |  |  | — |  |  | — |  |  | 9.9
Payments to repurchase common stock |  |  | (25.9) |  |  | — |  |  | — |  |  | — |  |  | (25.9)
Net distributions to noncontrolling interests |  |  | — |  |  | — |  |  | (103.2) |  |  | — |  |  | (103.2)
Other financing activities |  |  | 7.9 |  |  | (4.5) |  |  | (46.3) |  |  | — |  |  | (42.9)
Net borrowings (repayments) on intercompany notes |  |  | 1.0 |  |  | 12.5 |  |  | (181.4) |  |  | 167.9 |  |  | —
Other intercompany financing activities |  |  | — |  |  | (867.6) |  |  | (63.9) |  |  | 931.5 |  |  | —
Net cash used in financing activities |  |  | (440.4) |  |  | (864.8) |  |  | (432.3) |  |  | 1,099.4 |  |  | (638.1)
EFFECT OF EXCHANGE RATE CHANGES ON CASH |  |  | — |  |  | — |  |  | (5.3) |  |  | — |  |  | (5.3)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS |  |  | 0.5 |  |  | 27.0 |  |  | (19.3) |  |  | — |  |  | 8.2
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR |  |  | 1.3 |  |  | 169.3 |  |  | 513.3 |  |  | — |  |  | 683.9
CASH AND CASH EQUIVALENTS AT END OF YEAR |  | $ | 1.8 |  | $ | 196.3 |  | $ | 494.0 |  | $ | — |  | $ | 692.1

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