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Derivative Instruments and Hedging Activities (Tables) | 3 Months Ended
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Dec. 31, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Balance Sheet Location and Fair Value of Derivative Assets and Liabilities | The following table presents the Company’s derivative assets and liabilities on a gross basis as of December 31, 2014 and 2013:
|  | December 31, 2014 |  | December 31, 2013 (a)
Derivative assets: |  |  |  |
Derivatives designated as hedging instruments: |  |  |  |
Commodity contracts |  | $ | — |  |  | $ | 41.5 |
Foreign currency contracts |  | 18.7 |  |  | 0.4 |
Cross-currency contracts |  | 4.3 |  |  | — |
Interest rate contracts |  | 0.1 |  |  | — |
|  | 23.1 |  |  | 41.9 |
Derivatives subject to utility rate regulation: |  |  |  |
Commodity contracts |  | 0.2 |  |  | 2.0 |
Derivatives not designated as hedging instruments: |  |  |  |
Commodity contracts |  | 40.0 |  |  | 15.9 |
Total derivative assets |  | $ | 63.3 |  |  | $ | 59.8 |
Derivative liabilities: |  |  |  |
Derivatives designated as hedging instruments: |  |  |  |
Commodity contracts |  | $ | — |  |  | $ | (0.6 | )
Foreign currency contracts |  | — |  |  | (7.2 | )
Cross-currency contracts |  | — |  |  | (2.1 | )
Interest rate contracts |  | (17.0 | ) |  | (29.2 | )
|  | (17.0 | ) |  | (39.1 | )
Derivatives subject to utility rate regulation: |  |  |  |
Commodity contracts |  | (9.4 | ) |  | (3.4 | )
Derivatives not designated as hedging instruments: |  |  |  |
Commodity contracts |  | (288.5 | ) |  | (6.7 | )
Total derivative liabilities |  | $ | (314.9 | ) |  | $ | (49.2 | )
(a) | Certain immaterial amounts have been revised to correct the classification of derivatives.
Derivative Assets and Liabilities and the Effects of Offsetting | The following table presents the Company’s derivative assets and liabilities, as well as the effects of offsetting, as of December 31, 2014 and 2013:
|  | Gross Amounts Recognized |  | Gross Amounts Offset in Balance Sheet |  | Net Amounts Recognized |  | Cash Collateral (Received) Pledged |  | Net Amounts Recognized in Balance Sheet
December 31, 2014 |  |  |  |  |  |  |  |  |  |
Derivative assets |  | $ | 63.3 |  |  | $ | (27.5 | ) |  | $ | 35.8 |  |  | $ | — |  |  | $ | 35.8 |
Derivative liabilities |  | $ | (314.9 | ) |  | $ | 27.5 |  |  | $ | (287.4 | ) |  | $ | 90.5 |  |  | $ | (196.9 | )
December 31, 2013 |  |  |  |  |  |  |  |  |  |
Derivative assets |  | $ | 59.8 |  |  | $ | (6.0 | ) |  | $ | 53.8 |  |  | $ | — |  |  | $ | 53.8 |
Derivative liabilities |  | $ | (49.2 | ) |  | $ | 6.0 |  |  | $ | (43.2 | ) |  | $ | — |  |  | $ | (43.2 | )
Effects of Derivative Instruments on the Condensed Consolidated Statements of Income and Changes in AOCI and Noncontrolling Interest | The following tables provide information on the effects of derivative instruments in the Condensed Consolidated Statements of Income and changes in AOCI and noncontrolling interests for the three months ended December 31, 2014 and 2013:
|  | Gain (Loss) Recognized in AOCI and Noncontrolling Interests |  | Gain (Loss) Reclassified from AOCI and Noncontrolling Interests into Income |  | Location of Gain (Loss) Reclassified from AOCI and Noncontrolling Interests into Income
Three Months Ended December 31, |  | 2014 |  | 2013 |  | 2014 |  | 2013 |
Cash Flow Hedges: |  |  |  |  |  |  |  |  |  |
Commodity contracts |  | $ | — |  |  | $ | 53.4 |  |  | $ | (2.4 | ) |  | $ | 22.3 |  |  | Cost of sales
Foreign currency contracts |  | 8.7 |  |  | (2.5 | ) |  | 2.7 |  |  | (2.1 | ) |  | Cost of sales
Cross-currency contracts |  | 2.1 |  |  | (1.2 | ) |  | — |  |  | (0.3 | ) |  | Interest expense
Interest rate contracts |  | 0.8 |  |  | (1.7 | ) |  | (3.9 | ) |  | (4.1 | ) |  | Interest expense / other operating income, net
Total |  | $ | 11.6 |  |  | $ | 48.0 |  |  | $ | (3.6 | ) |  | $ | 15.8 |  |  |
|  | Gain (Loss) Recognized in Income |  | Location of Gain (Loss) Recognized in Income |  |
Three Months Ended December 31, |  | 2014 |  | 2013 |  |  |
Derivatives Not Designated as Hedging Instruments: |  |  |  |  |  |  |  |  |  |
Commodity contracts |  | $ | (292.5 | ) |  | $ | 12.8 |  |  | Cost of sales |  |
Commodity contracts |  | 3.8 |  |  | — |  |  | Revenues |  |
Commodity contracts |  | (0.5 | ) |  | 0.1 |  |  | Operating expenses / other operating income, net |  |
Total |  | $ | (289.2 | ) |  | $ | 12.9 |  |  |  |  |  |  |

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- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5618551-113959 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5624171-113959 + Details
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- Definition Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=35706170&loc=d3e41678-113959 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 25 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6886632&loc=d3e76258-113986 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=35706170&loc=d3e41620-113959 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5579245-113959 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5580258-113959 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5579240-113959 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=35706170&loc=d3e41641-113959 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=35706170&loc=d3e41638-113959 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5624171-113959 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5624163-113959 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(n)(2)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
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