XML 73 R57.htm IDEA: XBRL DOCUMENT
v3.5.0.2

Income Taxes Income Taxes (Tables) | 12 Months Ended
--- | ---
Sep. 30, 2016
Income Tax Disclosure [Abstract] |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | The differences between income taxes expected at the U.S. Federal statutory income tax rate of 35.0% and reported income tax expense (benefit) are summarized as follows:
|  | Fiscal
|  | 2016 |  | 2015 |  | 2014
Expected income tax expense at Federal statutory rate |  | $ | 81.2 |  |  | $ | (107.5 | ) |  | $ | 36.4 |
State and local income taxes |  | 12.3 |  |  | (5.1 | ) |  | 1.5 |
Valuation allowance for deferred tax assets |  | (42.3 | ) |  | 190.8 |  |  | (31.8 | )
Preferred stock equity conversion feature |  | — |  |  | — |  |  | 4.4 |
Residual tax on foreign earnings |  | 19.7 |  |  | 24.8 |  |  | 90.9 |
Foreign rate differential |  | (38.9 | ) |  | (29.0 | ) |  | (23.1 | )
Foreign tax law changes |  | (3.7 | ) |  | — |  |  | (7.7 | )
Impact of IRC Section 9100 relief |  | (16.4 | ) |  | — |  |  | — |
Share based compensation adjustments |  | (3.4 | ) |  | — |  |  | — |
Benefit from adjustment to tax basis in assets |  | (8.4 | ) |  | — |  |  | — |
Provision to return adjustment |  | 4.9 |  |  | — |  |  | — |
Permanent items |  | 12.9 |  |  | 14.4 |  |  | 7.9 |
Exempt foreign income |  | — |  |  | (4.7 | ) |  | (5.7 | )
Unrecognized tax benefits |  | 33.0 |  |  | (1.5 | ) |  | 2.2 |
State tax law and rate changes |  | — |  |  | (54.5 | ) |  | — |
NOL adjustments |  | — |  |  | 9.2 |  |  | — |
Gain on deconsolidation |  | — |  |  | (23.3 | ) |  | — |
Non-deductible goodwill impairment |  | — |  |  | 9.9 |  |  | — |
Purchase accounting benefit |  | — |  |  | (22.8 | ) |  | — |
Outside basis difference |  | (5.1 | ) |  | (16.2 | ) |  | — |
Other |  | (4.3 | ) |  | (0.7 | ) |  | 14.6 |
Reported income tax expense (benefit) |  | $ | 41.5 |  |  | $ | (16.2 | ) |  | $ | 89.6 |
Effective tax rate |  | 17.9 | % |  | 5.3 | % |  | 86.2 | %
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | Income tax expense (benefit) was calculated based upon the following components of income (loss) from continuing operations before income taxes:
|  | Fiscal
|  | 2016 |  | 2015 |  | 2014
Income (loss) from continuing operations before income taxes: |  |  |  |  |  |
United States |  | $ | 31.7 |  |  | $ | (497.1 | ) |  | $ | (100.0 | )
Outside the United States |  | 200.2 |  |  | 190.0 |  |  | 204.0 |
Total income (loss) from continuing operations before income taxes |  | $ | 231.9 |  |  | $ | (307.1 | ) |  | $ | 104.0 |
The components of income tax expense (benefit) were as follows:
|  | Fiscal
|  | 2016 |  | 2015 |  | 2014
Current: |  |  |  |  |  |
Federal |  | $ | (16.3 | ) |  | $ | (14.7 | ) |  | $ | 13.4 |
Foreign |  | 60.2 |  |  | 40.4 |  |  | 46.6 |
State |  | 2.4 |  |  | 4.5 |  |  | 6.2 |
Total current |  | 46.3 |  |  | 30.2 |  |  | 66.2 |
Deferred: |  |  |  |  |  |
Federal |  | (6.5 | ) |  | (54.1 | ) |  | 41.3 |
Foreign |  | (1.1 | ) |  | 11.2 |  |  | (8.3 | )
State |  | 2.8 |  |  | (3.5 | ) |  | (9.6 | )
Total deferred |  | (4.8 | ) |  | (46.4 | ) |  | 23.4 |
Income tax expense (benefit) |  | $ | 41.5 |  |  | $ | (16.2 | ) |  | $ | 89.6 |
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | The following table summarizes the components of deferred income tax assets and liabilities:
|  | September 30,
|  | 2016 |  | 2015
Deferred tax assets: |  |  |  |
Employee benefits |  | $ | 101.6 |  |  | $ | 84.2 |
Property, plant and equipment |  | 8.9 |  |  | 4.1 |
Inventories and receivables |  | 32.6 |  |  | 35.3 |
Marketing and promotional accruals |  | 17.6 |  |  | 14.4 |
Net operating loss, credit and capital loss carry forwards |  | 992.3 |  |  | 871.4 |
Prepaid royalty |  | 6.0 |  |  | 6.3 |
Unrealized losses on mark-to-market securities |  | 16.4 |  |  | 19.9 |
Insurance reserves and claim related adjustments |  | 23.3 |  |  | 43.3 |
Insurance receivables |  | — |  |  | 21.2 |
Outside basis difference |  | 51.1 |  |  | 217.3 |
Intangibles |  | 3.7 |  |  | 6.1 |
Investments |  | — |  |  | 13.1 |
Other |  | 57.3 |  |  | 106.2 |
Total deferred tax assets |  | 1,310.8 |  |  | 1,442.8 |
Less: Valuation allowance |  | 512.1 |  |  | 894.2 |
Net deferred tax assets |  | 798.7 |  |  | 548.6 |
Deferred tax liabilities: |  |  |  |
Property, plant and equipment |  | (20.1 | ) |  | (15.1 | )
Outside basis differences on held for sale assets |  | (367.8 | ) |  | (23.8 | )
Intangibles |  | (813.4 | ) |  | (841.1 | )
Investments |  | (39.3 | ) |  | (87.4 | )
Insurance reserves and claim related adjustments |  | (5.0 | ) |  | (14.9 | )
Redemption of long term debt |  | (10.2 | ) |  | (11.8 | )
Other |  | (46.3 | ) |  | (72.3 | )
Total deferred tax liabilities |  | (1,302.1 | ) |  | (1,066.4 | )
Net deferred tax liability |  | $ | (503.4 | ) |  | $ | (517.8 | )
Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block] | The following table summarizes changes to the Company’s UTB reserves, excluding related interest and penalties:
|  | Fiscal
|  | 2016 |  | 2015 |  | 2014
Unrecognized tax benefits at beginning of year |  | $ | 16.1 |  |  | $ | 12.6 |  |  | $ | 13.8 |
Gross increase — tax positions in prior period |  | 29.9 |  |  | 4.7 |  |  | 2.7 |
Gross decrease — tax positions in prior period |  | (2.3 | ) |  | (1.9 | ) |  | (1.4 | )
Gross increase — tax positions in current period |  | 4.8 |  |  | 1.8 |  |  | 0.8 |
Settlements |  | (0.6 | ) |  | (0.8 | ) |  | (2.5 | )
Lapse of statutes of limitations |  | — |  |  | (0.3 | ) |  | (0.8 | )
Unrecognized tax benefits at end of year |  | $ | 47.9 |  |  | $ | 16.1 |  |  | $ | 12.6 |

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32639-109319 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32537-109319 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the change in unrecognized tax benefits. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 55 -Paragraph 217 -URI http://asc.fasb.org/extlink&oid=75116239&loc=d3e36027-109320 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15A -URI http://asc.fasb.org/extlink&oid=65882285&loc=SL6600010-109319 + Details
Name: | us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration