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Derivatives (Tables)
3 Months Ended
Dec. 30, 2018
Derivative Instruments and Hedging Activities Disclosures [Line Items]  
Schedule Of Fair Value Of Outstanding Derivative Instruments



 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

(in millions)

 

Line Item

 

December 30, 2018

 

September 30, 2018

Derivative Assets

 

 

 

 

 

 

 

 

Interest rate swaps - designated as hedge

 

Other receivables

 

$

 

$

1.8 

Interest rate swaps - designated as hedge

 

Deferred charges and other

 

 

 

$

1.0 

Foreign exchange contracts - designated as hedge

 

Other receivables

 

 

8.8 

 

 

5.5 

Foreign exchange contracts - designated as hedge

 

Deferred charges and other

 

 

0.5 

 

 

0.2 

Foreign exchange contracts - not designated as hedge

 

Other receivables

 

 

0.3 

 

 

0.4 

Interest rate swaps - not designated as hedge

 

Other receivables

 

 

3.7 

 

 

Total Derivative Assets

 

 

 

$

13.3 

 

$

8.9 

Derivative Liabilities

 

 

 

 

 

 

 

 

Commodity swaps - designated as hedge

 

Accounts payable

 

$

0.5 

 

$

0.4 

Interest rate swaps - designated as hedge

 

Accrued interest

 

 

(0.4)

 

 

(0.3)

Foreign exchange contracts - designated as hedge

 

Accounts payable

 

 

0.1 

 

 

0.3 

Foreign exchange contracts - designated as hedge

 

Other long term liabilities

 

 

0.1 

 

 

0.2 

Foreign exchange contracts - not designated as hedge

 

Accounts payable

 

 

0.3 

 

 

0.2 

Total Derivative Liabilities

 

 

 

$

0.6 

 

$

0.8 



Summary Of Loss Associated With Derivative Contracts Not Designated As Hedges





 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

Effective Portion

 

 

For the three month periods

 

 

 

 

 

 

 

 

 

Reclassified to

 

Ineffective portion

ended December 30, 2018

 

Gain (Loss)

 

Reclassified to Continuing Operations

 

Discontinued

 

Continuing Operations

 

Discontinued

(in millions)

 

in OCI

 

Line Item

 

Gain (Loss)

 

Operations

 

Line Item

 

Gain (Loss)

 

Operations

Interest rate swaps

 

$

(0.6)

 

Interest expense

 

$

 

$

2.2 

 

Interest expense

 

$

 

$

1.7 

Commodity swaps

 

 

(1.1)

 

Cost of goods sold

 

 

(0.1)

 

 

(2.6)

 

Cost of goods sold

 

 

 

 

Net investment hedge

 

 

8.9 

 

Other non-operating expense

 

 

 

 

 

Other non-operating expense

 

 

 

 

Foreign exchange contracts

 

 

(0.1)

 

Net sales

 

 

 

 

 

Net sales

 

 

 

 

Foreign exchange contracts

 

 

7.3 

 

Cost of goods sold

 

 

3.0 

 

 

0.5 

 

Cost of goods sold

 

 

 

 

Total

 

$

14.4 

 

 

 

$

2.9 

 

$

0.1 

 

 

 

$

 

$

1.7 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

Effective Portion

 

 

For the three month periods

 

 

 

 

 

 

 

 

 

Reclassified to

 

Ineffective portion

ended December 31, 2017

 

Gain (Loss)

 

Reclassified to Continuing Operations

 

Discontinued

 

Continuing Operations

 

Discontinued

(in millions)

 

in OCI

 

Line Item

 

Gain (Loss)

 

Operations

 

Line Item

 

Gain (Loss)

 

Operations

Interest rate swaps

 

$

2.0 

 

Interest expense

 

$

 

$

(0.3)

 

Interest expense

 

$

 

$

Commodity swaps

 

 

1.8 

 

Cost of goods sold

 

 

0.3 

 

 

1.2 

 

Cost of goods sold

 

 

 

 

Net investment hedge

 

 

(6.6)

 

Other non-operating expense

 

 

 

 

 

Other non-operating expense

 

 

 

 

Foreign exchange contracts

 

 

 

Net sales

 

 

0.1 

 

 

 

Net sales

 

 

 

 

Foreign exchange contracts

 

 

2.0 

 

Cost of goods sold

 

 

(3.3)

 

 

(0.6)

 

Cost of goods sold

 

 

 

 

Total

 

$

(0.8)

 

 

 

$

(2.9)

 

$

0.3 

 

 

 

$

 

$



Summary Of Impact Of Derivative Instruments



 

 

 

 

 

 

 

 



 

 

 

Three Month Periods Ended

(in millions)

 

Line Item

 

December 30, 2018

 

December 31, 2017

Foreign exchange contracts

 

Other non-operating expense (income)

 

$

(4.3)

 

$



Cash Flow Hedging [Member]  
Derivative Instruments and Hedging Activities Disclosures [Line Items]  
Schedule Of Commodity Swap Contracts Outstanding



 

 

 

 

 

 

 

 

 

 

 

 



 

December 30, 2018

 

September 30, 2018

(in millions, except notional)

 

Notional

 

Contract Value

 

Notional

 

Contract Value

Brass swap contracts

 

 

1.1 Tons

 

$

5.6 

 

 

1.0 Tons

 

$

5.6