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DERIVATIVES (Tables) | 12 Months Ended
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Sep. 30, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Summary of Impact of Effective and Ineffective Portions of Designated Hedges and Gain (Loss) | The following table summarizes the impact of the effective and ineffective portions of designated hedges and the gain (loss) recognized in the Consolidated Statement of Income for the years ended September 30, 2021, 2020 and 2019:
|  | Gain (Loss) in OCI |  | Reclassified to Continuing Operations |  |
(in millions) |  | 2021 |  | 2020 |  | 2019 |  | Line Item |  | 2021 |  | 2020 |  | 2019 |  |  |  |  |  |
Foreign exchange contracts |  | $ | 0.1 |  |  | $ | 0.1 |  |  | $ | (0.4) |  |  | Net sales |  | $ | 0.1 |  |  | $ | (0.1) |  |  | $ | (0.2) |  |  |  |  |  |  |
Foreign exchange contracts |  | (2.0) |  |  | (7.2) |  |  | 14.7 |  |  | Cost of goods sold |  | (9.3) |  |  | 4.7 |  |  | 10.6 |  |  |  |  |  |  |
Total |  | $ | (1.9) |  |  | $ | (7.1) |  |  | $ | 14.3 |  |  |  |  | $ | (9.2) |  |  | $ | 4.6 |  |  | $ | 10.4 |  |  |  |  |  |  |
Summary of Gain (Loss) on Derivatives Not Designated as Hedges | The following table summarizes the gain (loss) associated with derivative contracts not designated as hedges in the Consolidated Statements of Income for the years ended September 30, 2021, 2020 and 2019.
(in millions) |  | Line Item |  | 2021 |  | 2020 |  | 2019
Foreign exchange contracts |  | Other non-operating (income) expense |  | $ | (3.2) |  |  | $ | (10.8) |  |  | $ | 45.5 |
Schedule of Fair Value of Outstanding Derivative Instruments | The fair value of the Company’s outstanding derivative instruments in the Consolidated Statements of Financial Position are as follows:
(in millions) |  | Line Item |  | 2021 |  | 2020
Derivative Assets |  |  |  |  |  |
Foreign exchange contracts - designated as hedge |  | Other receivables |  | $ | 5.2 |  |  | $ | — |
Foreign exchange contracts - designated as hedge |  | Deferred charges and other |  | 0.9 |  |  | — |
Foreign exchange contracts - not designated as hedge |  | Other receivables |  | 0.7 |  |  | 0.4 |
Total Derivative Assets |  |  |  | $ | 6.8 |  |  | $ | 0.4 |
Derivative Liabilities |  |  |  |  |  |
Foreign exchange contracts - designated as hedge |  | Accounts payable |  | $ | 0.1 |  |  | $ | 3.3 |
Foreign exchange contracts - designated as hedge |  | Other long term liabilities |  | — |  |  | 0.3 |
Foreign exchange contracts - not designated as hedge |  | Accounts payable |  | 2.4 |  |  | 9.9 |
Total Derivative Liabilities |  |  |  | $ | 2.5 |  |  | $ | 13.5 |
Schedule of Net Investment Hedge Recognized in Other Comprehensive Income | The following summarizes the gain (loss) from the net investment hedge recognized in Other Comprehensive Income for the year ended September 30, 2021, 2020 and 2019, pre-tax:
Gain (Loss) in OCI (in millions) |  | 2021 |  | 2020 |  | 2019
Net investment hedge |  | $ | 6.2 |  |  | $ | (33.0) |  |  | $ | 29.8 |

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