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Segment and Geographic Information (Tables) | 12 Months Ended
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Sep. 30, 2020
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information | Information for the reportable segments is shown in accordance with the Segment Reporting Topic of the ASC as follows
| Year Ended September 30,
(in millions) | 2020 |  | 2019 |  | 2018
Total revenues: |  |  |  |  |
Commercial | $ | 52,970.1 |  |  | $ | 32,125.4 |  |  | $ | 27,018.7 |
Institutional | 624.1 |  |  | 515.0 |  |  | 427.1 |
Retail | 432.7 |  |  | 148.1 |  |  | 73.3 |
Global Payments | 117.4 |  |  | 112.8 |  |  | 99.2 |
Corporate Unallocated | 14.6 |  |  | 20.8 |  |  | 23.9 |
Eliminations | (19.3) |  |  | (25.1) |  |  | (19.5) |
Total | $ | 54,139.6 |  |  | $ | 32,897.0 |  |  | $ | 27,622.7 |
Operating revenues: |  |  |  |  |
Commercial | $ | 431.5 |  |  | $ | 404.4 |  |  | $ | 371.8 |
Institutional | 624.1 |  |  | 515.0 |  |  | 427.1 |
Retail | 140.0 |  |  | 78.2 |  |  | 73.3 |
Global Payments | 117.4 |  |  | 112.8 |  |  | 99.2 |
Corporate Unallocated | 14.6 |  |  | 20.8 |  |  | 23.9 |
Eliminations | (19.3) |  |  | (25.1) |  |  | (19.5) |
Total | $ | 1,308.3 |  |  | $ | 1,106.1 |  |  | $ | 975.8 |
Net operating revenues (loss): |  |  |  |  |
Commercial | $ | 353.4 |  |  | $ | 321.2 |  |  | $ | 299.4 |
Institutional | 363.8 |  |  | 220.1 |  |  | 176.3 |
Retail | 63.8 |  |  | 15.7 |  |  | 12.7 |
Global Payments | 111.5 |  |  | 107.0 |  |  | 93.5 |
Corporate Unallocated | (24.5) |  |  | (10.8) |  |  | (0.3) |
Total | $ | 868.0 |  |  | $ | 653.2 |  |  | $ | 581.6 |
Net contribution: |  |  |  |  |
(Revenues less cost of sales of physical commodities, transaction-based clearing expenses, variable compensation, introducing broker commissions and interest expense) |  |  |  |  |
Commercial | $ | 242.2 |  |  | $ | 224.6 |  |  | $ | 210.0 |
Institutional | 248.9 |  |  | 157.0 |  |  | 135.6 |
Retail | 58.8 |  |  | 14.6 |  |  | 11.8 |
Global Payments | 89.6 |  |  | 86.6 |  |  | 75.0 |
Total | $ | 639.5 |  |  | $ | 482.8 |  |  | $ | 432.4 |
Segment income (loss): |  |  |  |  |
(Net contribution less non-variable direct segment costs) |  |  |  |  |
Commercial (1) | $ | 141.9 |  |  | $ | 144.6 |  |  | $ | 118.3 |
Institutional | 152.9 |  |  | 88.6 |  |  | 78.2 |
Retail | 31.7 |  |  | 6.4 |  |  | 5.6 |
Global Payments | 68.6 |  |  | 66.1 |  |  | 59.8 |
Total | $ | 395.1 |  |  | $ | 305.7 |  |  | $ | 261.9 |
Reconciliation of segment income to income before tax: |  |  |  |  |
Segment income | $ | 395.1 |  |  | $ | 305.7 |  |  | $ | 261.9 |
Net costs not allocated to operating segments | (270.3) |  |  | (200.2) |  |  | (162.4) |
Gain on acquisitions and other gains | 81.9 |  |  | 5.5 |  |  | 2.0 |
Income before tax | $ | 206.7 |  |  | $ | 111.0 |  |  | $ | 101.5 |
(1) During fiscal 2019, the Company recorded recoveries on the bad debt on physical coal of $12.4 million. During fiscal 2018, the Company recorded charges to earnings of $1.0 million to record an allowance for doubtful accounts related to a bad debt incurred in the physical coal business with a coal supplier, as further discussed in Note 19.
(in millions) | As of September 30, 2020 |  | As of September 30, 2019 |  | As of September 30, 2018
Total assets: |  |  |  |  |
Commercial | $ | 2,753.6 |  |  | $ | 2,386.4 |  |  | $ | 2,349.5 |
Institutional | 8,740.8 |  |  | 7,111.2 |  |  | 5,168.1 |
Retail | 1,245.9 |  |  | 12.4 |  |  | — |
Global Payments | 315.9 |  |  | 278.2 |  |  | 206.6 |
Corporate unallocated | 418.7 |  |  | 147.9 |  |  | 100.5 |
Total | $ | 13,474.9 |  |  | $ | 9,936.1 |  |  | $ | 7,824.7 |
Schedule of Revenue Long-Lived Assets, by Geographical Areas | Information regarding revenues and operating revenues for the years ended September 30, 2020, 2019, and 2018, and information regarding long-lived assets (defined as property, equipment, leasehold improvements and software) as of September 30, 2020, 2019, and 2018 in geographic areas were as follows:
| Year Ended September 30,
(in millions) | 2020 |  | 2019 |  | 2018
Total revenues: |  |  |  |  |
United States | $ | 2,223.3 |  |  | $ | 1,947.6 |  |  | $ | 1,587.6 |
Europe | 532.6 |  |  | 280.2 |  |  | 189.6 |
South America | 58.9 |  |  | 56.5 |  |  | 59.5 |
Middle East and Asia | 51,317.1 |  |  | 30,606.9 |  |  | 25,781.4 |
Other | 7.7 |  |  | 5.8 |  |  | 4.6 |
Total | $ | 54,139.6 |  |  | $ | 32,897.0 |  |  | $ | 27,622.7 |
Operating revenues: |  |  |  |  |
United States | $ | 928.3 |  |  | $ | 799.4 |  |  | $ | 695.3 |
Europe | 237.9 |  |  | 209.6 |  |  | 189.0 |
South America | 58.9 |  |  | 56.5 |  |  | 58.0 |
Middle East and Asia | 75.5 |  |  | 34.8 |  |  | 28.9 |
Other | 7.7 |  |  | 5.8 |  |  | 4.6 |
Total | $ | 1,308.3 |  |  | $ | 1,106.1 |  |  | $ | 975.8 |
(in millions) | As of September 30, 2020 |  | As of September 30, 2019 |  | As of September 30, 2018
Long-lived assets, as defined: |  |  |  |  |
United States | $ | 55.4 |  |  | $ | 33.9 |  |  | $ | 33.0 |
Europe | 3.1 |  |  | 6.6 |  |  | 6.8 |
South America | 2.1 |  |  | 2.1 |  |  | 1.4 |
Middle East and Asia | 1.3 |  |  | 1.0 |  |  | 1.2 |
Other | 0.2 |  |  | 0.3 |  |  | — |
Total | $ | 62.1 |  |  | $ | 43.9 |  |  | $ | 42.4 |

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- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 + Details
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