Derivatives (Tables)

6 Months Ended

Mar. 31, 2019

Derivative Instruments and Hedging Activities Disclosures [Line Items]

Schedule Of Fair Value Of Outstanding Derivative Instruments

(in millions)	Line Item	March 31, 2019		September 30, 2018
Derivative Assets
Commodity swaps - designated as hedge	Other receivables	$	0.2	$	—
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		6.2		5.5
Foreign exchange contracts - designated as hedge	Deferred charges and other		0.2		0.2
Foreign exchange contracts - not designated as hedge	Other receivables		1.3		0.4
Total Derivative Assets		$	7.9	$	8.9
Derivative Liabilities
Commodity swaps - designated as hedge	Accounts payable	$	0.1	$	0.4
Interest rate swaps - designated as hedge	Accrued interest		—		(0.3)
Foreign exchange contracts - designated as hedge	Accounts payable		0.2		0.3
Foreign exchange contracts - designated as hedge	Other long term liabilities		—		0.2
Foreign exchange contracts - not designated as hedge	Accounts payable		0.7		0.2
Total Derivative Liabilities		$	1.0	$	0.8

Summary Of Loss Associated With Derivative Contracts Not Designated As Hedges

The following summarizes the loss associated with derivative contracts not designated as hedges in the Condensed Consolidated Statements of Income for the three and six month periods ended March 31, 2019 and 2018:

	Effective Portion
Three Month Periods Ended						Reclassified to		Ineffective portion
March 31, 2019	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	$	—	Interest expense	$	—	$	—	Interest expense	$	—	$	—
Commodity swaps		0.5	Cost of goods sold		(0.1)		(1.9)	Cost of goods sold		—		—
Net investment hedge		8.8	Other non-operating expense		—		—	Other non-operating expense		—		—
Foreign exchange contracts		(0.1)	Net sales		(0.1)		—	Net sales		—		—
Foreign exchange contracts		(0.1)	Cost of goods sold		3.1		—	Cost of goods sold		—		—
Total	$	9.1		$	2.9	$	(1.9)		$	—	$	—
	Effective Portion
Three Month Periods Ended						Reclassified to		Ineffective portion
March 31, 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	$	1.7	Interest expense	$	—	$	0.7	Interest expense	$	—	$	0.6
Commodity swaps		(0.5)	Cost of goods sold		0.2		1.3	Cost of goods sold		—		—
Net investment hedge		(15.2)	Other non-operating expense		—		—	Other non-operating expense		—		—
Foreign exchange contracts		(0.1)	Net sales		—		—	Net sales		—		—
Foreign exchange contracts		(4.3)	Cost of goods sold		(4.5)		(0.9)	Cost of goods sold		—		—
Total	$	(18.4)		$	(4.3)	$	1.1		$	—	$	0.6

NOTE 12 – DERIVATIVES (continued)

The following summarizes the loss associated with derivative contracts not designated as hedges in the Condensed Consolidated Statements of Income for the six month periods ended March 31, 2019 and 2018:

	Effective Portion
Six Month Periods Ended						Reclassified to		Ineffective portion
March 31, 2019	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		(0.6)	Cost of goods sold		(0.2)		(4.4)	Cost of goods sold		—		—
Net investment hedge		17.8	Other non-operating expense		—		—	Other non-operating expense		—		—
Foreign exchange contracts		(0.2)	Net sales		(0.1)		—	Net sales		—		—
Foreign exchange contracts		7.2	Cost of goods sold		6.0		0.5	Cost of goods sold		—		—
Total	$	23.6		$	5.7	$	(1.7)		$	—	$	1.7
	Effective Portion
Six Month Periods Ended						Reclassified to		Ineffective portion
March 31, 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	$	3.8	Interest expense	$	—	$	0.4	Interest expense	$	—	$	0.6
Commodity swaps		1.2	Cost of goods sold		0.6		2.5	Cost of goods sold		—		—
Net investment hedge		(21.8)	Other non-operating expense		—		—	Other non-operating expense		—		—
Foreign exchange contracts		—	Net sales		0.1		—	Net sales		—		—
Foreign exchange contracts		(2.4)	Cost of goods sold		(4.6)		(4.7)	Cost of goods sold		—		—
Total	$	(19.2)		$	(3.9)	$	(1.8)		$	—	$	0.6

Summary Of Impact Of Derivative Instruments

		Three Month Periods Ended				Six Month Periods Ended
(in millions)	Line Item	March 31, 2019		March 31, 2018		March 31, 2019		March 31, 2018
Foreign exchange contracts	Other non-operating (income) expense	$	17.4	$	(1.4)	$	13.1	$	(1.4)

Cash Flow Hedging [Member]

Derivative Instruments and Hedging Activities Disclosures [Line Items]

Schedule Of Commodity Swap Contracts Outstanding

	March 31, 2019				September 30, 2018
(in millions, except notional)	Notional		Contract Value		Notional		Contract Value
Brass swap contracts		0.9 Tons	$	4.5		1.0 Tons	$	5.6