Derivatives (Tables)

9 Months Ended

Jun. 28, 2020

Derivative Instruments and Hedging Activities Disclosures [Line Items]

Schedule Of Fair Value Of Outstanding Derivative Instruments

The fair value of the Company’s outstanding derivative contracts recorded in the Condensed Consolidated Statements of Financial Position is as follows:

(in millions)	Line Item	June 28, 2020		September 30, 2019
Derivative Assets
Commodity swaps - designated as hedge	Other receivables	$	0.1	$	—
Foreign exchange contracts - designated as hedge	Other receivables	2.0		7.8
Foreign exchange contracts - designated as hedge	Deferred charges and other	—		0.5
Foreign exchange contracts - not designated as hedge	Other receivables	0.5		1.2
Total Derivative Assets		$	2.6	$	9.5
Derivative Liabilities
Commodity swaps - designated as hedge	Accounts payable	$	0.1	$	0.2
Foreign exchange contracts - designated as hedge	Accounts payable	0.6		0.2
Foreign exchange contracts - designated as hedge	Other long term liabilities	0.3		—
Foreign exchange contracts - not designated as hedge	Accounts payable	1.4		1.9
Total Derivative Liabilities		$	2.4	$	2.3

Foreign Exchange Contracts

Derivative Instruments and Hedging Activities Disclosures [Line Items]

Summary Of Impact Of Derivative Instruments

The following summarizes the impact of derivative instruments on the accompanying Condensed Consolidated Statements of Income for the three and nine month periods ended June 28, 2020 and June 30, 2019, pre-tax:

		Three Month Periods Ended				Nine Month Periods Ended
(in millions)	Line Item	June 28, 2020		June 30, 2019		June 28, 2020		June 30, 2019
Foreign exchange contracts	Other non-operating expense (income)	$	1.2	$	15.3	$	(1.0)	$	28.5

Cash Flow Hedge

Derivative Instruments and Hedging Activities Disclosures [Line Items]

Schedule Of Commodity Swap Contracts Outstanding

The Company had the following commodity swap contracts outstanding as of June 28, 2020 and September 30, 2019:

	June 28, 2020				September 30, 2019
(in millions, except Notional)	Notional		Contract Value		Notional		Contract Value
Brass swap contracts	948.5	Metric Tons	$	4.3	904.9	Metric Tons	$	4.4
Zinc swap contracts	1,024.0	Metric Tons	$	2.1	—	Metric Tons	$	—

Summary Of Impact Of Designated Hedges And Gain (Loss)

The following table summarizes the impact of designated cash flow hedges and the pre-tax gain (loss) recognized in the Condensed Consolidated Statement of Income for the three and nine month periods ended June 28, 2020 and June 30, 2019, respectively:

For the three month period ended June 28, 2020 (in millions)	Gain (Loss) in OCI		Reclassified to Continuing Operations			Reclassified to Discontinued Operations
			Line Item	Gain (Loss)
Commodity swaps	$	0.7	Cost of goods sold	$	(0.2)	$	—
Foreign exchange contracts	—		Net sales	(0.1)		—
Foreign exchange contracts	(2.8)		Cost of goods sold	2.3		—
Total	$	(2.1)		$	2.0	$	—

For the three month period ended June 30, 2019 (in millions)	Gain (Loss) in OCI		Reclassified to Continuing Operations			Reclassified to Discontinued Operations
			Line Item	Gain (Loss)
Commodity swaps	$	(0.3)	Cost of goods sold	$	(0.1)	$	—
Foreign exchange contracts	(0.1)		Net sales	—		—
Foreign exchange contracts	—		Cost of goods sold	2.6		—
Total	$	(0.4)		$	2.5	$	—

For the nine month period ended June 28, 2020 (in millions)	Gain (Loss) in OCI		Reclassified to Continuing Operations			Reclassified to Discontinued Operations
			Line Item	Gain (Loss)
Commodity swaps	$	—	Cost of goods sold	$	(0.3)	$	—
Foreign exchange contracts	(0.1)		Net sales	(0.1)		—
Foreign exchange contracts	(0.4)		Cost of goods sold	6.7		—
Total	$	(0.5)		$	6.3	$	—

For the nine month period ended June 30, 2019 (in millions)	Gain (Loss) in OCI		Reclassified to Continuing Operations			Reclassified to Discontinued Operations
			Line Item	Gain (Loss)
Interest rate swaps	$	(0.6)	Interest expense	$	—	$	2.2
Commodity swaps	(1.0)		Cost of goods sold	(0.3)		(4.4)
Foreign exchange contracts	(0.2)		Net sales	(0.1)		—
Foreign exchange contracts	7.2		Cost of goods sold	8.6		0.5
Total	$	5.4		$	8.2	$	(1.7)

Net Investment Hedge

Derivative Instruments and Hedging Activities Disclosures [Line Items]

Summary Of Impact Of Designated Hedges And Gain (Loss)

The following summarizes the gain (loss) from the net investment hedge recognized in Other Comprehensive Income for the three and nine month periods ended June 28, 2020 and June 30, 2019, pre-tax:

	Three Month Periods Ended				Nine Month Periods Ended
Gain (loss) in OCI (in millions)	June 28, 2020		June 30, 2019		June 28, 2020		June 30, 2019
Net investment hedge	$	(7.9)	$	(6.2)	$	(10.6)	$	11.5