XML 32 R20.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Accumulated Other Comprehensive (Loss)/Income
6 Months Ended
Mar. 31, 2024
Equity [Abstract]  
Accumulated Other Comprehensive (Loss)/Income Accumulated Other Comprehensive (Loss)/Income
The following table presents the changes in accumulated other comprehensive (loss)/income (AOCI), net of tax by component:
Foreign Currency Translation AdjustmentsPension ActivityZinc ContractsForeign Currency ContractsInterest Rate ContractsTotal
Balance at September 30, 2023
$(89.7)$(110.3)$(0.5)$2.1 $60.7 $(137.7)
OCI before reclassifications(3.6)(0.7)(3.9)(1.6)(1.0)(10.8)
Reclassifications to earnings— 1.1 4.0 (0.4)(12.0)(7.3)
Balance at March 31, 2024$(93.3)$(109.9)$(0.4)$0.1 $47.7 $(155.8)
The following table presents the reclassifications out of AOCI to earnings:
For the Quarters Ended March 31,For the Six Months Ended March 31,
2024202320242023
Details of AOCI ComponentsAmount Reclassified
from AOCI (1)
Amount Reclassified
from AOCI (1)
Affected Line Item in the Combined Statements of Earnings
Gains and losses on cash flow hedges
Foreign currency contracts$0.3 $(1.1)$(0.6)$(7.6)Cost of products sold
Interest rate contracts(7.8)(6.3)(15.8)(11.2)Interest expense
Zinc contracts2.1 0.8 5.3 (0.3)Cost of products sold
(5.4)(6.6)(11.1)(19.1)Earnings before income taxes
1.3 1.6 2.7 4.8 Income tax expense
$(4.1)$(5.0)$(8.4)$(14.3)Net earnings
Amortization of defined benefit pension items
Actuarial loss0.7 0.6 1.4 1.3 (2)
(0.2)(0.2)(0.3)(0.3)Income tax benefit
$0.5 $0.4 $1.1 $1.0 Net loss
Total reclassifications to earnings$(3.6)$(4.6)$(7.3)$(13.3)Net earnings
(1) Amounts in parentheses indicate credits to Consolidated (Condensed) Statement of Earnings and Comprehensive Income.
(2) This AOCI component is included in the computation of net periodic pension cost (see Note 10, Pension Plans, for further details).