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Derivative Financial Instruments Derivative Financial Instruments (Tables)

3 Months Ended

Dec. 31, 2017

Derivative [Line Items]

Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block]

December 31, 2017

September 30, 2017

Notional

Contract Value

Notional

Contract Value

Brass swap contracts

1.2 Tons

$

6.4

1.3 Tons

$

6.6

Schedule of Interest Rate Derivatives [Table Text Block]

		December 31, 2017						September 30, 2017
		Notional Amount				Remaining Years		Notional Amount				Remaining Years
Interest rate swaps - fixed		$	300.0			2.3		$	300.0			2.6

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]

The fair value of outstanding derivatives recorded in the accompanying Condensed Consolidated Balance Sheets were as follows:

Asset Derivatives		Classification		December 31, 2017				September 30, 2017
Derivatives designated as hedging instruments:
Interest rate swaps		Deferred charges and other assets		$	2.1			$	0.4
Commodity swaps		Other receivables, net		0.9				0.6
Foreign exchange contracts		Other receivables, net		0.2				0.2
Interest rate swaps		Other receivables, net		0.1				—
Commodity swaps		Deferred charges and other assets		0.1				—
Total asset derivatives designated as hedging instruments				3.4				1.2
Derivatives not designated as hedging instruments:
Foreign exchange contracts		Other receivables, net		0.4				0.3
Total asset derivatives				$	3.8			$	1.5

Liability Derivatives		Classification		December 31, 2017				September 30, 2017
Derivatives designated as hedging instruments:
Foreign exchange contracts		Accounts payable		$	1.3			$	2.3
Interest rate swaps		Other current liabilities		0.2				0.5
Foreign exchange contracts		Other long-term liabilities		—				0.3
Interest rate swaps		Accrued interest		—				0.2
Total liability derivatives				$	1.5			$	3.3

Summary of Gain (Loss) Recognized in Income on Derivatives

The following table summarizes the loss associated with derivative contracts not designated as hedges in the accompanying Condensed Consolidated Statements of Operations for the three months ended December 31, 2017 and 2016:

				Three months ended December 31,
		Classification		2017				2016
Foreign exchange contracts		Other income, net		$	0.3			$	(2.1	)

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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 4C
-URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5624171-113959

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4A
-Subparagraph (b)
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Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

+ References

Reference 1: 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=64837297&loc=SL5624163-113959

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Tabular disclosure of interest rate derivatives, including, but not limited to, the fair value of the derivatives, statement of financial position location, and statement of financial performance location of these instruments.

+ References

Reference 1: 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=64837297&loc=SL5624171-113959

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1A
-Subparagraph (d)
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