XML 75 R18.htm IDEA: XBRL DOCUMENT v2.4.0.8
Shareowners' Equity
 12 Months Ended
Sep. 30, 2014
Equity [Abstract]  
Shareowners' Equity
Shareowners’ Equity
Common Stock
At September 30, 2014, the authorized stock of the Company consisted of one billion shares of common stock, par value $1.00 per share, and 25 million shares of preferred stock, without par value. At September 30, 2014, 10.1 million shares of authorized common stock were reserved for various incentive plans.
Changes in outstanding common shares are summarized as follows (in millions):
 
 
2014
 
2013
 
2012
Beginning balance
 
138.8

 
139.8

 
141.9

Treasury stock purchases
 
(4.1
)
 
(4.7
)
 
(3.7
)
Shares delivered under incentive plans
 
2.0

 
3.7

 
1.6

Ending balance
 
136.7

 
138.8

 
139.8


During September 2014, we repurchased 40,757 shares of common stock for $4.5 million that did not settle until October 2014. During September 2013, we repurchased 60,000 shares of common stock for $6.4 million that did not settle until October 2013. These outstanding purchases were recorded in accounts payable at September 30, 2014 and 2013, respectively.
Accumulated Other Comprehensive Loss
Changes in accumulated other comprehensive loss by component for the years ended September 30, 2014, 2013 and 2012 were (in millions):
 
 
Pension and other postretirement benefit plan adjustments, net of tax (Note 11)
 
Accumulated currency translation adjustments, net of tax
 
Net unrealized gains (losses) on cash flow hedges, net of tax
 
Total accumulated other comprehensive loss, net of tax
Balance as of September 30, 2011
 
$
(1,033.6
)
 
$
35.5

 
$
5.2

 
$
(992.9
)
Other comprehensive income (loss) before reclassifications
 
(246.7
)
 
(35.0
)
 
(1.0
)
 
(282.7
)
Amounts reclassified from accumulated other comprehensive loss
 
54.3

 
—

 
(4.0
)
 
50.3

Other comprehensive income (loss)
 
(192.4
)
 
(35.0
)
 
(5.0
)
 
(232.4
)
Balance as of September 30, 2012
 
$
(1,226.0
)
 
$
0.5

 
$
0.2

 
$
(1,225.3
)
Other comprehensive income (loss) before reclassifications
 
314.9

 
8.3

 
1.2

 
324.4

Amounts reclassified from accumulated other comprehensive loss
 
87.3

 
—

 
(4.1
)
 
83.2

Other comprehensive income (loss)
 
402.2

 
8.3

 
(2.9
)
 
407.6

Balance as of September 30, 2013
 
$
(823.8
)
 
$
8.8

 
$
(2.7
)
 
$
(817.7
)
Other comprehensive income (loss) before reclassifications
 
(143.9
)
 
(61.3
)
 
14.2

 
(191.0
)
Amounts reclassified from accumulated other comprehensive loss
 
58.3

 
—

 
2.4

 
60.7

Other comprehensive income (loss)
 
$
(85.6
)
 
$
(61.3
)
 
$
16.6

 
$
(130.3
)
Balance as of September 30, 2014
 
$
(909.4
)
 
$
(52.5
)
 
$
13.9

 
$
(948.0
)

The reclassifications out of accumulated other comprehensive loss to the Consolidated Statement of Operations for the years ended September 30, 2014, 2013 and 2012 were (in millions):
 
Year Ended September 30,
 
Affected Line in the Consolidated Statement of Operations
 
2014
 
2013
 
2012
 
 
Pension and other postretirement benefit plan adjustments:
 
 
 
 
 
 
 
Amortization of prior service credit
$
(12.9
)
 
$
(13.2
)
 
$
(12.9
)
 
(a)
Amortization of net actuarial loss
102.6

 
149.0

 
97.1

 
(a)
 
89.7

 
135.8

 
84.2

 
Total before tax
 
(31.4
)
 
(48.5
)
 
(29.9
)
 
Provision for tax
 
$
58.3

 
$
87.3

 
$
54.3

 
After tax
 
 
 
 
 
 
 
 
Net unrealized (gains) losses on cash flow hedges:
 
 
 
 
 
 
 
Forward exchange contracts
$
2.3

 
$
(1.6
)
 
$
1.1

 
Sales
Forward exchange contracts
(0.7
)
 
(4.9
)
 
(7.5
)
 
Cost of Sales
 
1.6

 
(6.5
)
 
(6.4
)
 
Total before tax
 
0.8

 
2.4

 
2.4

 
Provision for tax
 
$
2.4

 
$
(4.1
)
 
$
(4.0
)
 
After tax
 
 
 
 
 
 
 
 
Total reclassifications
$
60.7

 
$
83.2

 
$
50.3

 
After tax
(a) Reclassified from accumulated other comprehensive loss into cost of sales and selling, general and administrative expenses. These components are included in the computation of net periodic benefit costs. See Note 11 for further information.