Fair Value (Tables)

9 Months Ended

Jun. 30, 2019

Fair Value Measurements, Not Measured at Fair Value

For the financial assets and liabilities that the Company does not reflect at fair value, the following tables present both their respective carrying value and fair value at June 30, 2019 and September 30, 2018.



			Fair Value at June 30, 2019
	Carrying Value		Level 1		Level 2		Level 3		Total
	(in millions)
Cash and cash equivalents ^(a)	$	223.0	$	223.0	$	—	$	—	$	223.0
Restricted cash ^(a)	0.2		0.2		—		—		0.2
Debt ^(b)	465.8		—		485.8		—		485.8



			Fair Value at September 30, 2018
	Carrying Value		Level 1		Level 2		Level 3		Total
	(in millions)
Cash and cash equivalents ^(a)	$	318.8	$	318.8	$	—	$	—	$	318.8
Restricted cash ^(a)	16.2		16.2		—		—		16.2
Debt ^(b)	112.4		—		113.2		—		113.2

_____________________


^(a)	The fair values of cash, cash equivalents and restricted cash approximate their carrying values due to their short-term nature and are classified as Level 1 within the fair value hierarchy.


^(b)	The fair value of the convertible senior notes and the senior unsecured notes is determined based on quoted prices, which is classified as Level 2 within the fair value hierarchy.

Fair Value Measurements, Nonrecurring

Non-financial assets measured at fair value on a non-recurring basis are as follows:



	June 30, 2019								September 30, 2018
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
	(In millions)
Real estate	$	—	$	—	$	—	$	—	$	—	$	0.2	$	—	$	0.2