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Basis of Presentation and Accounting Policies (Tables)
 9 Months Ended
Jun. 30, 2019
Accounting Policies [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The following table reconciles basic and diluted earnings per share (EPS) amounts (in millions, except per share amounts):
 
Three Months Ended
June 30,
 
Nine Months Ended
June 30,
 
2019
 
2018
 
2019
 
2018
Net income
$
261.4

 
$
198.6

 
$
687.7

 
$
189.6

Less: Allocation to participating securities
(0.3
)
 
(0.1
)
 
(0.7
)
 
(0.2
)
Net income available to common shareowners
$
261.1

 
$
198.5


$
687.0

 
$
189.4

Basic weighted average outstanding shares
117.6

 
124.4

 
119.0

 
126.5

Effect of dilutive securities
 
 
 
 
 
 
 
Stock options
1.0

 
1.2

 
0.9

 
1.4

Performance shares
—

 
0.2

 
0.1

 
0.2

Diluted weighted average outstanding shares
118.6

 
125.8

 
120.0

 
128.1

Earnings per share:
 
 
 
 
 
 
 
Basic
$
2.22

 
$
1.60

 
$
5.77

 
$
1.50

Diluted
$
2.20

 
$
1.58

 
$
5.73

 
$
1.48
Schedule of New Accounting Pronouncements and Changes in Accounting Principles As a result of applying the pension standard retrospectively, the following adjustments were made to the Consolidated Statement of Operations (in millions):
 
Three Months Ended June 30, 2018
 
Nine Months Ended June 30, 2018
 
As Reported
 
Impact of adoption
 
As Restated
 
As Reported
 
Impact of adoption
 
As Restated
Cost of sales
 
 
 
 
 
 
 
 
 
 
 
Products and solutions
$
(846.0
)
 
$
2.6

 
$
(843.4
)
 
$
(2,468.0
)
 
$
8.0

 
$
(2,460.0
)
Services
(111.0
)
 
0.4

 
(110.6
)
 
(328.9
)
 
1.2

 
(327.7
)
 
(957.0
)
 
3.0

 
(954.0
)
 
(2,796.9
)
 
9.2

 
(2,787.7
)
Gross profit
741.7

 
3.0

 
744.7

 
2,139.6

 
9.2

 
2,148.8

Selling, general and administrative expenses
(402.2
)
 
2.6

 
(399.6
)
 
(1,180.7
)
 
7.9

 
(1,172.8
)
Other income (expense)
(71.3
)
 
(5.6
)
 
(76.9
)
 
(56.0
)
 
(17.1
)
 
(73.1
)

In accordance with ASC 606, the disclosure of the impact of adoption to the Consolidated Balance Sheet was as follows (in millions):
 
June 30, 2019
 
As reported
 
Impact of Adoption
 
Balances without adoption of ASC 606
ASSETS
Current assets:
 
 
 
 
 
Receivables
$
1,222.6

 
$
(3.1
)
 
$
1,219.5

Other current assets
153.5

 
(15.9
)
 
137.6

Deferred income taxes
198.1

 
(1.1
)
 
197.0

Other assets
118.3

 
(10.3
)
 
108.0

LIABILITIES AND SHAREOWNERS’ EQUITY
Current liabilities:
 
 
 
 
 
Contract liabilities
$
293.7

 
$
(17.3
)
 
$
276.4

Customer returns, rebates and incentives
192.6

 
(2.3
)
 
190.3

Other current liabilities
322.8

 
(4.4
)
 
318.4

Shareowners’ equity:
 
 


 
 
Retained earnings
6,431.6

 
(6.6
)
 
6,425.0

Accumulated other comprehensive loss
(930.2
)
 
0.2

 
(930.0
)
In accordance with ASC 606, the disclosure of the impact of adoption to the Consolidated Statement of Operations was as follows (in millions):
 
Three Months Ended June 30, 2019
 
Nine Months Ended June 30, 2019
 
As reported
 
Impact of Adoption
 
Balances without adoption of ASC 606
 
As reported
 
Impact of Adoption
 
Balances without adoption of ASC 606
Sales
 
 
 
 
 
 
 
 
 
 
 
Products and solutions
$
1,481.3

 
$
4.0

 
$
1,485.3

 
$
4,405.7

 
$
6.6

 
$
4,412.3

Services
183.8

 
(1.7
)
 
182.1

 
558.9

 
(18.1
)
 
540.8

Cost of sales
 
 


 
 
 
 
 
 
 
 
Products and solutions
(819.3
)
 
(2.5
)
 
(821.8
)
 
(2,425.3
)
 
(6.3
)
 
(2,431.6
)
Services
(115.5
)
 
3.4

 
(112.1
)
 
(362.1
)
 
17.2

 
(344.9
)
Income tax provision
(60.0
)
 
(1.3
)
 
(61.3
)
 
(156.9
)
 
0.1

 
(156.8
)


In accordance with ASC 606, the disclosure of the impact of adoption to the Consolidated Statement of Comprehensive Income was as follows (in millions):
 
Three Months Ended June 30, 2019
 
Nine Months Ended June 30, 2019
 
As reported
 
Impact of Adoption
 
Balances without adoption of ASC 606
 
As reported
 
Impact of Adoption
 
Balances without adoption of ASC 606
Net income
$
261.4

 
$
1.9

 
$
263.3

 
$
687.7

 
$
(0.5
)
 
$
687.2

Other comprehensive income (loss), net of tax:
 
 
 
 
 
 
 
 
 
 
 
Currency translation adjustments
(2.7
)
 
—

 
(2.7
)
 
(12.2
)
 
0.2

 
(12.0
)

In accordance with ASC 606, the disclosure of the impact of adoption to the Consolidated Statement of Cash Flows was as follows (in millions):
 
Nine Months Ended June 30, 2019
 
As reported
 
Impact of Adoption
 
Balances without adoption of ASC 606
Operating activities:
 
 
 
 
 
Net income
$
687.7

 
$
(0.5
)
 
$
687.2

Receivables
(34.4
)
 
(1.6
)
 
(36.0
)
Contract liabilities
26.5

 
1.5

 
28.0

Income taxes
(66.3
)
 
(0.2
)
 
(66.5
)
Other assets and liabilities
1.8

 
0.8

 
2.6


In accordance with ASC 606, the disclosure of the impact of adoption to the Consolidated Statement of Shareowners' Equity was as follows (in millions):
 
Three Months Ended June 30, 2019
 
Nine Months Ended June 30, 2019
 
As reported
 
Impact of Adoption
 
Balances without adoption of ASC 606
 
As reported
 
Impact of Adoption
 
Balances without adoption of ASC 606
Retained earnings
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
$
6,398.0

 
$
(8.6
)
 
$
6,389.4

 
$
6,204.2

 
$
(6.1
)
 
$
6,198.1

Net income
261.4

 
1.9

 
263.3

 
687.7

 
(0.5
)
 
687.2

Accumulated other comprehensive loss
 
 


 
 
 
 
 
 
 
 
Other comprehensive income
10.1

 
—

 
10.1

 
11.7

 
0.2

 
11.9


As a result of applying the modified retrospective method, the following adjustments were made to the Consolidated Balance Sheet as of October 1, 2018 (in millions):
 
September 30,
2018
 
Impact of Adoption
 
October 1,
2018
ASSETS
Current assets:
 
 
 
 
 
Receivables
$
1,190.1

 
$
4.5

 
$
1,194.6

Other current assets
149.3

 
17.7

 
167.0

Deferred income taxes
179.6

 
1.2

 
180.8

Other assets
96.2

 
11.4

 
107.6

LIABILITIES AND SHAREOWNERS’ EQUITY
Current liabilities:
 
 
 
 
 
Contract liabilities
$
249.9

 
$
18.7

 
$
268.6

Customer returns, rebates and incentives
206.6

 
4.4

 
211.0

Other current liabilities
226.6

 
5.6

 
232.2

Shareowners’ equity:
 
 
 
 
 
Retained earnings
6,198.1

 
6.1

 
6,204.2