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Income Taxes Income Taxes (Tables)
 12 Months Ended
Sep. 30, 2014
Income Tax Disclosure [Abstract]  
Schedule of Components of Income Tax Expense (Benefit)
Income tax expense (benefit) was calculated based upon the following components of income from continuing operations before income taxes:
 
 
Fiscal
 
 
2014
 
2013
 
2012
Income from continuing operations before income taxes:
 
 
 
 
 
 
United States
 
$
9.2

 
$
(78.9
)
 
$
(146.5
)
Outside the United States
 
204.0

 
197.2

 
171.9

Total income from continuing operations before taxes
 
$
213.2

 
$
118.3

 
$
25.4

The components of income tax expense (benefit) were as follows:
 
 
Fiscal
 
 
2014
 
2013
 
2012
Current:
 
 
 
 
 
 
Federal
 
$
64.2

 
$
(32.5
)
 
$
74.4

Foreign
 
46.6

 
47.7

 
38.1

State
 
6.2

 
1.4

 
(0.4
)
Total current
 
117.0

 
16.6

 
112.1

Deferred:
 
 
 
 
 
 
Federal
 
12.4

 
169.0

 
(199.2
)
Foreign
 
(8.3
)
 
2.1

 
5.2

State
 
(9.6
)
 
(0.4
)
 
(3.4
)
Total deferred
 
(5.5
)
 
170.7

 
(197.4
)
Income tax expense (benefit)
 
$
111.5

 
$
187.3

 
$
(85.3
)
Schedule of Effective Income Tax Rate Reconciliation
The differences between income taxes expected at the U.S. Federal statutory income tax rate of 35.0% and reported income tax expense (benefit) are summarized as follows:
 
 
Fiscal
 
 
2014
 
2013
 
2012
Expected income tax expense at Federal statutory rate
 
$
74.6

 
$
41.4

 
$
8.9

Valuation allowance for deferred tax assets
 
(47.4
)
 
151.8

 
(139.6
)
Preferred stock equity conversion feature
 
4.4

 
35.6

 
54.8

Residual tax on foreign earnings
 
90.9

 
(7.0
)
 
29.8

Foreign rate differential
 
(23.1
)
 
(18.8
)
 
(14.1
)
Foreign tax law changes
 
(7.7
)
 
—

 
—

Gain on contingent purchase price reduction
 
—

 
—

 
(14.3
)
Permanent items
 
6.5

 
5.7

 
9.5

Non-deductible stock based compensation
 
1.4

 
1.7

 
—

Exempt foreign income
 
(5.7
)
 
(5.9
)
 
(5.8
)
Unrecognized tax benefits
 
2.2

 
4.1

 
(4.4
)
State and local income taxes
 
0.8

 
(32.2
)
 
(8.5
)
Dividends received deduction
 
—

 
1.4

 
(0.9
)
Inflationary adjustments
 
(0.5
)
 
(0.2
)
 
(0.8
)
Capitalized transaction costs
 
1.0

 
5.6

 
0.3

Other
 
14.1

 
4.1

 
(0.2
)
Reported income tax expense (benefit)
 
$
111.5

 
$
187.3

 
$
(85.3
)
Effective tax rate
 
52.3
%
 
158.3
%
 
(335.9
)%
Schedule of Deferred Tax Assets and Liabilities
The following table summarizes the components of deferred income tax assets and liabilities:
 
 
September 30,
 
 
2014
 
2013
Current deferred tax assets:
 
 
 
 
Employee benefits
 
$
22.9

 
$
15.4

Restructuring
 
6.3

 
7.1

Inventories and receivables
 
25.6

 
24.3

Employee compensation
 
6.4

 
5.4

Marketing and promotional accruals
 
16.0

 
14.1

Capitalized transaction costs
 
—

 
0.1

Unrealized losses on mark-to-market securities
 
14.7

 
12.6

Other
 
17.2

 
23.9

Valuation allowance
 
(66.1
)
 
(55.0
)
Total current deferred tax assets
 
43.0

 
47.9

Current deferred tax liabilities:
 
 
 
 
Inventories and receivables
 
(0.7
)
 
(2.7
)
Unrealized gains
 
(1.2
)
 
(0.4
)
Other
 
(6.0
)
 
(11.7
)
Total current deferred tax liabilities
 
(7.9
)
 
(14.8
)
Noncurrent deferred tax assets:
 
 
 
 
Employee benefits
 
$
61.4

 
$
49.5

Restructuring and purchase accounting
 
0.7

 
0.3

Net operating loss, credit and capital loss carryforwards
 
930.6

 
1,029.5

Prepaid royalty
 
6.6

 
7.0

Properties
 
9.0

 
9.7

Capitalized transaction costs
 
0.6

 
0.6

Unrealized losses on mark-to-market securities
 
0.3

 
2.1

Long-term debt
 
—

 
0.7

Intangibles
 
8.5

 
3.9

Deferred acquisition costs
 
0.4

 
0.4

Insurance reserves and claim related adjustments
 
483.8

 
477.7

Outside basis differences on partnership interests
 
43.8

 
21.3

Other
 
76.6

 
32.8

Valuation allowance
 
(712.4
)
 
(762.2
)
Total noncurrent deferred tax assets
 
909.9

 
873.3

Noncurrent deferred tax liabilities:
 
 
 
 
Properties
 
(22.6
)
 
(27.5
)
Unrealized gains
 
(20.0
)
 
(13.1
)
Intangibles
 
(744.1
)
 
(735.5
)
Value of business acquired
 
(20.8
)
 
(67.3
)
Deferred acquisition costs
 
(104.2
)
 
(63.7
)
Tax on unremitted foreign earnings
 
(2.6
)
 
(18.6
)
Investments
 
(338.3
)
 
(156.5
)
Funds withheld receivables
 
(9.7
)
 
—

Long-term debt
 
(10.0
)
 
—

Other
 
(19.3
)
 
(23.4
)
Total noncurrent deferred tax liabilities
 
(1,291.6
)
 
(1,105.6
)
Total gross deferred tax assets
 
$
952.9

 
$
921.2

Total gross deferred tax liabilities
 
$
(1,299.5
)
 
$
(1,120.4
)
Schedule of Unrecognized Tax Benefits Roll Forward
The following table summarizes changes to the Company’s UTB reserves, excluding related interest and penalties:
 
Amount
Unrecognized tax benefits at September 30, 2011
$
9.0

Gross increase — tax positions in prior period
0.7

Gross decrease — tax positions in prior period
(1.3
)
Gross increase — tax positions in current period
0.8

Settlements
(1.7
)
Lapse of statutes of limitations
(1.6
)
Unrecognized tax benefits at September 30, 2012
5.9

Gross increase — tax positions in prior period
9.1

Gross decrease — tax positions in prior period
(0.3
)
Gross increase — tax positions in current period
0.5

Settlements
(0.1
)
Lapse of statutes of limitations
(1.3
)
Unrecognized tax benefits at September 30, 2013
13.8

Gross increase — tax positions in prior period
2.7

Gross decrease — tax positions in prior period
(1.4
)
Gross increase — tax positions in current period
0.8

Settlements
(2.5
)
Lapse of statutes of limitations
(0.8
)
Unrecognized tax benefits at September 30, 2014
$
12.6