Derivatives (Tables)

9 Months Ended

Jun. 30, 2018

Derivative Instruments and Hedging Activities Disclosures [Line Items]

Schedule Of Fair Value Of Outstanding Derivative Instruments



(in millions)	Line Item	June 30, 2018		September 30, 2017
Derivative Assets
Commodity swaps - designated as hedge	Other receivables	$	0.1	$	0.6
Interest rate swaps - designated as hedge	Other receivables		2.0		—
Interest rate swaps - designated as hedge	Deferred charges and other		1.6		0.4
Foreign exchange contracts - designated as hedge	Other receivables		0.7		—
Foreign exchange contracts - designated as hedge	Deferred charges and other		—		0.2
Foreign exchange contracts - not designated as hedge	Other receivables		0.2		0.3
Total Derivative Assets		$	4.6	$	1.5
Derivative Liabilities
Commodity swaps - designated as hedge	Accounts payable	$	0.2	$	—
Interest rate swaps - designated as hedge	Other current liabilities		—		0.5
Interest rate swaps - designated as hedge	Accrued interest		(0.3)		0.2
Foreign exchange contracts - designated as hedge	Accounts payable		0.1		2.3
Foreign exchange contracts - designated as hedge	Other long term liabilities		—		0.3
Total Derivative Liabilities		$	—	$	3.3

Summary Of Impact Of Effective And Ineffective Portions Of Cash Flow Hedges And Gain (Loss) Realized

The following summarizes the impact of derivative instruments on the accompanying Condensed Consolidated Statements of Income for the three month periods ended June 30, 2018 and 2017, pretax:


	Effective Portion
						Reclassified to		Ineffective portion
Three month period ended	Gain (Loss)		Reclassified to Continuing Operations			Discontinued		Continuing Operations			Discontinued
June 30, 2018 (in millions)	in OCI		Line Item	Gain (Loss)		Operations		Line Item	Gain (Loss)		Operations
Interest rate swaps	$	0.6	Interest expense	$	—	$	0.3	Interest expense	$	—	$	0.3
Commodity swaps		(3.1)	Cost of goods sold		0.1		0.5	Cost of goods sold		—		—
Net investment hedge		31.1	Other non-operating expense		—		—	Other non-operating expense		—		—
Foreign exchange contracts		(0.1)	Net sales		—		—	Net sales		—		—
Foreign exchange contracts		12.1	Cost of goods sold		(0.2)		(2.0)	Cost of goods sold		—		—
Total	$	40.6		$	(0.1)	$	(1.2)		$	—	$	0.3

	Effective Portion
						Reclassified to		Ineffective portion
Three month period ended	Gain (Loss)		Reclassified to Continuing Operations			Discontinued		Continuing Operations			Discontinued
June 30, 2017 (in millions)	in OCI		Line Item	Gain (Loss)		Operations		Line Item	Gain (Loss)		Operations
Interest rate swaps	$	(1.1)	Interest expense	$	—	$	(0.3)	Interest expense	$	—	$	—
Commodity swaps		(0.5)	Cost of goods sold		0.1		1.2	Cost of goods sold		—		—
Net investment hedge		(32.6)	Other non-operating expense		—		—	Other non-operating expense		—		—
Foreign exchange contracts		0.2	Net sales		—		—	Net sales		—		—
Foreign exchange contracts		(10.3)	Cost of goods sold		0.2		1.1	Cost of goods sold		—		—
Total	$	(44.3)		$	0.3	$	2.0		$	—	$	—

NOTE 11 – DERIVATIVES (continued)

The following summarizes the impact of derivative instruments on the accompanying Condensed Consolidated Statements of Income for the nine month periods ended June 30, 2018 and 2017, pretax:


	Effective Portion
						Reclassified to		Ineffective portion
Nine month period ended	Gain (Loss)		Reclassified to Continuing Operations			Discontinued		Continuing Operations			Discontinued
June 30, 2018 (in millions)	in OCI		Line Item	Gain (Loss)		Operations		Line Item	Gain (Loss)		Operations
Interest rate swaps	$	4.3	Interest expense	$	—	$	0.6	Interest expense	$	—	$	1.0
Commodity swaps		(1.9)	Cost of goods sold		0.8		3.0	Cost of goods sold		—		—
Net investment hedge		9.3	Other non-operating expense		—		—	Other non-operating expense		—		—
Foreign exchange contracts		(0.1)	Net sales		0.1		—	Net sales		—		—
Foreign exchange contracts		9.8	Cost of goods sold		(0.6)		(10.9)	Cost of goods sold		—		—
Total	$	21.4		$	0.3	$	(7.3)		$	—	$	1.0

	Effective Portion
						Reclassified to		Ineffective portion
Nine month period ended	Gain (Loss)		Reclassified to Continuing Operations			Discontinued		Continuing Operations			Discontinued
June 30, 2017 (in millions)	in OCI		Line Item	Gain (Loss)		Operations		Line Item	Gain (Loss)		Operations
Interest rate swaps	$	(1.0)	Interest expense	$	—	$	(1.0)	Interest expense	$	—	$	—
Commodity swaps		3.3	Cost of goods sold		0.4		3.4	Cost of goods sold		—		—
Net investment hedge		(9.3)	Other non-operating expense		—		—	Other non-operating expense		—		—
Foreign exchange contracts		0.3	Net sales		—		—	Net sales		—		—
Foreign exchange contracts		(4.4)	Cost of goods sold		0.2		8.2	Cost of goods sold		—		—
Total	$	(11.1)		$	0.6	$	10.6		$	—	$	—

Summary Of Gain (Loss) Associated With Derivative Contracts Not Designated As Hedges


		Three Months Ended				Nine Months Ended
(in millions)	Line Item	June 30, 2018		June 30, 2017		June 30, 2018		June 30, 2017
Foreign exchange contracts	Other non-operating expense (income)	$	4.4	$	(4.6)	$	1.7	$	(1.3)

Cash Flow Hedging [Member]

Derivative Instruments and Hedging Activities Disclosures [Line Items]

Schedule Of Interest Rate Swap Derivative Financial Instruments



	June 30, 2018				September 30, 2017
(in millions)	Notional Amount		Remaining Years		Notional Amount		Remaining Years
Interest rate swaps - fixed	$	300.0		1.9	$	300.0		2.6

Schedule Of Commodity Swap Contracts Outstanding

June 30, 2018

September 30, 2017

(in millions, except notional)

Notional

Contract Value

Notional

Contract Value

Brass swap contracts

1.0 Tons

5.4

1.3 Tons

6.6