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Derivatives (Tables) | 9 Months Ended
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Jun. 28, 2020
Derivative Instruments and Hedging Activities Disclosures [Line Items] |
Schedule Of Fair Value Of Outstanding Derivative Instruments | The fair value of the Company’s outstanding derivative contracts recorded in the Condensed Consolidated Statements of Financial Position is as follows:
(in millions) |  | Line Item |  | June 28, 2020 |  | September 30, 2019
Derivative Assets |  |  |  |  |  |
Commodity swaps - designated as hedge |  | Other receivables |  | $ | 0.1 |  |  | $ | — |
Foreign exchange contracts - designated as hedge |  | Other receivables |  | 2.0 |  |  | 7.8 |
Foreign exchange contracts - designated as hedge |  | Deferred charges and other |  | — |  |  | 0.5 |
Foreign exchange contracts - not designated as hedge |  | Other receivables |  | 0.5 |  |  | 1.2 |
Total Derivative Assets |  |  |  | $ | 2.6 |  |  | $ | 9.5 |
Derivative Liabilities |  |  |  |  |  |
Commodity swaps - designated as hedge |  | Accounts payable |  | $ | 0.1 |  |  | $ | 0.2 |
Foreign exchange contracts - designated as hedge |  | Accounts payable |  | 0.6 |  |  | 0.2 |
Foreign exchange contracts - designated as hedge |  | Other long term liabilities |  | 0.3 |  |  | — |
Foreign exchange contracts - not designated as hedge |  | Accounts payable |  | 1.4 |  |  | 1.9 |
Total Derivative Liabilities |  |  |  | $ | 2.4 |  |  | $ | 2.3 |
Foreign Exchange Contracts |
Derivative Instruments and Hedging Activities Disclosures [Line Items] |
Summary Of Impact Of Derivative Instruments | The following summarizes the impact of derivative instruments on the accompanying Condensed Consolidated Statements of Income for the three and nine month periods ended June 28, 2020 and June 30, 2019, pre-tax:
|  |  |  | Three Month Periods Ended |  |  |  | Nine Month Periods Ended |  |
(in millions) |  | Line Item |  | June 28, 2020 |  | June 30, 2019 |  | June 28, 2020 |  | June 30, 2019
Foreign exchange contracts |  | Other non-operating expense (income) |  | $ | 1.2 |  |  | $ | 15.3 |  |  | $ | (1.0) |  |  | $ | 28.5 |
Cash Flow Hedge |
Derivative Instruments and Hedging Activities Disclosures [Line Items] |
Schedule Of Commodity Swap Contracts Outstanding | The Company had the following commodity swap contracts outstanding as of June 28, 2020 and September 30, 2019:
|  | June 28, 2020 |  |  |  | September 30, 2019 |  |
(in millions, except Notional) |  | Notional |  | Contract Value |  | Notional |  | Contract Value
Brass swap contracts |  | 948.5 | Metric Tons |  | $ | 4.3 |  |  | 904.9 | Metric Tons |  | $ | 4.4 |
Zinc swap contracts |  | 1,024.0 | Metric Tons |  | $ | 2.1 |  |  | — | Metric Tons |  | $ | — |
Summary Of Impact Of Designated Hedges And Gain (Loss) | The following table summarizes the impact of designated cash flow hedges and the pre-tax gain (loss) recognized in the Condensed Consolidated Statement of Income for the three and nine month periods ended June 28, 2020 and June 30, 2019, respectively:
For the three month period ended June 28, 2020 (in millions) |  | Gain (Loss) in OCI |  | Reclassified to Continuing Operations |  |  |  | Reclassified to Discontinued Operations
|  |  |  | Line Item |  | Gain (Loss) |  |
Commodity swaps |  | $ | 0.7 |  |  | Cost of goods sold |  | $ | (0.2) |  |  | $ | — |
Foreign exchange contracts |  | — |  |  | Net sales |  | (0.1) |  |  | — |
Foreign exchange contracts |  | (2.8) |  |  | Cost of goods sold |  | 2.3 |  |  | — |
Total |  | $ | (2.1) |  |  |  |  | $ | 2.0 |  |  | $ | — |
For the three month period ended June 30, 2019 (in millions) |  | Gain (Loss) in OCI |  | Reclassified to Continuing Operations |  |  |  | Reclassified to Discontinued Operations
|  |  |  | Line Item |  | Gain (Loss) |  |
Commodity swaps |  | $ | (0.3) |  |  | Cost of goods sold |  | $ | (0.1) |  |  | $ | — |
Foreign exchange contracts |  | (0.1) |  |  | Net sales |  | — |  |  | — |
Foreign exchange contracts |  | — |  |  | Cost of goods sold |  | 2.6 |  |  | — |
Total |  | $ | (0.4) |  |  |  |  | $ | 2.5 |  |  | $ | — |
For the nine month period ended June 28, 2020 (in millions) |  | Gain (Loss) in OCI |  | Reclassified to Continuing Operations |  |  |  | Reclassified to Discontinued Operations
|  |  |  | Line Item |  | Gain (Loss) |  |
Commodity swaps |  | $ | — |  |  | Cost of goods sold |  | $ | (0.3) |  |  | $ | — |
Foreign exchange contracts |  | (0.1) |  |  | Net sales |  | (0.1) |  |  | — |
Foreign exchange contracts |  | (0.4) |  |  | Cost of goods sold |  | 6.7 |  |  | — |
Total |  | $ | (0.5) |  |  |  |  | $ | 6.3 |  |  | $ | — |
For the nine month period ended June 30, 2019 (in millions) |  | Gain (Loss) in OCI |  | Reclassified to Continuing Operations |  |  |  | Reclassified to Discontinued Operations
|  |  |  | Line Item |  | Gain (Loss) |  |
Interest rate swaps |  | $ | (0.6) |  |  | Interest expense |  | $ | — |  |  | $ | 2.2 |
Commodity swaps |  | (1.0) |  |  | Cost of goods sold |  | (0.3) |  |  | (4.4) |
Foreign exchange contracts |  | (0.2) |  |  | Net sales |  | (0.1) |  |  | — |
Foreign exchange contracts |  | 7.2 |  |  | Cost of goods sold |  | 8.6 |  |  | 0.5 |
Total |  | $ | 5.4 |  |  |  |  | $ | 8.2 |  |  | $ | (1.7) |
Net Investment Hedge |
Derivative Instruments and Hedging Activities Disclosures [Line Items] |
Summary Of Impact Of Designated Hedges And Gain (Loss) | The following summarizes the gain (loss) from the net investment hedge recognized in Other Comprehensive Income for the three and nine month periods ended June 28, 2020 and June 30, 2019, pre-tax:
|  | Three Month Periods Ended |  |  |  | Nine Month Periods Ended |  |
Gain (loss) in OCI (in millions) |  | June 28, 2020 |  | June 30, 2019 |  | June 28, 2020 |  | June 30, 2019
Net investment hedge |  | $ | (7.9) |  |  | $ | (6.2) |  |  | $ | (10.6) |  |  | $ | 11.5 |

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