XML 68 R45.htm IDEA: XBRL DOCUMENT v3.25.3
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)
 12 Months Ended
Sep. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Outstanding Commodity Contracts that Hedge Forecasted Purchases
The Company had the following outstanding commodity contracts that were entered into to hedge forecasted purchases:
September 30,
20252024
Commodity
Urea49,500 tons51,000 tons
Diesel2,478,000 gallons1,092,000 gallons
Heating Oil1,050,000 gallons42,000 gallons
Summary of Fair Values of the Company's Derivative Instruments
The fair values of the Company’s derivative instruments, which represent Level 2 fair value measurements, were as follows:
Assets / (Liabilities)
  20252024
Derivatives Designated as Hedging InstrumentsBalance Sheet LocationFair Value
Interest rate swap agreementsPrepaid and other current assets$0.5 $0.9 
Other current liabilities(0.8)(0.2)
Other liabilities(3.2)(5.1)
Commodity hedging instrumentsPrepaid and other current assets— 0.8 
Other current liabilities(1.1)— 
Total derivatives designated as hedging instruments$(4.6)$(3.6)
Derivatives Not Designated as Hedging InstrumentsBalance Sheet Location
Currency forward contractsPrepaid and other current assets$— $0.1 
Other current liabilities(0.3)(4.0)
Commodity hedging instrumentsOther current liabilities(0.1)— 
Total derivatives not designated as hedging instruments(0.4)(3.9)
Total derivatives$(5.0)$(7.5)
Schedule of the Effect of Derivative Instruments on AOCI and Operations
The effect of derivative instruments on AOCL, net of tax, and the Consolidated Statements of Operations for the years ended September 30 was as follows:
 
 Amount of Gain / (Loss)
Recognized in AOCL
Derivatives in Cash Flow Hedging Relationships20252024
Interest rate swap agreements$2.3 $(7.1)
Commodity hedging instruments0.6 (0.8)
Total$2.9 $(7.9)
 
Reclassified from AOCL intoAmount of Gain / (Loss)
Derivatives in Cash Flow Hedging RelationshipsStatement of Operations20252024
Interest rate swap agreementsInterest expense$5.9 $11.7 
Commodity hedging instrumentsCost of sales1.5 (4.4)
Total$7.4 $7.3 
 
Recognized in
Amount of Gain / (Loss)
Derivatives Not Designated as Hedging InstrumentsStatement of Operations20252024
Currency forward contractsOther income / expense, net$(0.3)$(9.6)
Commodity hedging instrumentsCost of sales(0.2)(2.0)
Total$(0.5)$(11.6)