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Equity and Other Comprehensive Income (Loss) (Tables)
6 Months Ended
Mar. 31, 2022
Equity [Abstract]  
Schedule of Changes in Accumulated Other Comprehensive Loss, Net of Tax

The tables below summarize the changes in accumulated other comprehensive loss, net of tax, by component for the six months ended March 31, 2022 and March 31, 2021 (in millions):

 

 

 

Deferred (Loss) Income on Cash
Flow Hedges

 

 

Defined Benefit
Pension and
Postretirement
Plans

 

 

Foreign
Currency
Items

 

 

Total (1)

 

Balance at September 30, 2021

 

$

(0.2

)

 

$

(536.5

)

 

$

(462.4

)

 

$

(999.1

)

Other comprehensive income before reclassifications

 

 

 

 

 

0.1

 

 

 

113.4

 

 

 

113.5

 

Amounts reclassified from accumulated other
   comprehensive loss

 

 

 

 

 

5.4

 

 

 

 

 

 

5.4

 

Net current period other comprehensive income

 

 

 

 

 

5.5

 

 

 

113.4

 

 

 

118.9

 

Balance at March 31, 2022

 

$

(0.2

)

 

$

(531.0

)

 

$

(349.0

)

 

$

(880.2

)

 

(1) All amounts are net of tax and noncontrolling interests.

 

 

 

Deferred (Loss) Income on Cash
Flow Hedges

 

 

Defined Benefit
Pension and
Postretirement
Plans

 

 

Foreign
Currency
Items

 

 

Total (1)

 

Balance at September 30, 2020

 

$

(5.6

)

 

$

(727.7

)

 

$

(586.6

)

 

$

(1,319.9

)

Other comprehensive (loss) income before
   reclassifications

 

 

(0.1

)

 

 

 

 

 

109.5

 

 

 

109.4

 

Amounts reclassified from accumulated other
   comprehensive loss

 

 

2.9

 

 

 

13.3

 

 

 

 

 

 

16.2

 

Net current period other comprehensive income

 

 

2.8

 

 

 

13.3

 

 

 

109.5

 

 

 

125.6

 

Balance at March 31, 2021

 

$

(2.8

)

 

$

(714.4

)

 

$

(477.1

)

 

$

(1,194.3

)

 

(1) All amounts are net of tax and noncontrolling interests.

Summary of Reclassification out of Accumulated Other Comprehensive Loss

The following table summarizes the reclassifications out of accumulated other comprehensive loss by component (in millions):

 

 

 

Three Months Ended

 

 

Three Months Ended

 

 

 

March 31, 2022

 

 

March 31, 2021

 

 

 

Pre-tax

 

 

Tax

 

 

Net of Tax

 

 

Pre-tax

 

 

Tax

 

 

Net of Tax

 

Amortization of defined benefit pension and
   postretirement items:
(1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

   Actuarial losses (2)

 

$

(1.9

)

 

$

0.5

 

 

$

(1.4

)

 

$

(7.4

)

 

$

1.7

 

 

$

(5.7

)

   Prior service costs (2)

 

 

(1.9

)

 

 

0.5

 

 

 

(1.4

)

 

 

(1.3

)

 

 

0.3

 

 

 

(1.0

)

Subtotal defined benefit plans

 

 

(3.8

)

 

 

1.0

 

 

 

(2.8

)

 

 

(8.7

)

 

 

2.0

 

 

 

(6.7

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivative Instruments: (1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

   Interest rate swap hedge loss (3)

 

 

 

 

 

 

 

 

 

 

 

(1.9

)

 

 

0.5

 

 

 

(1.4

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total reclassifications for the period

 

$

(3.8

)

 

$

1.0

 

 

$

(2.8

)

 

$

(10.6

)

 

$

2.5

 

 

$

(8.1

)

 

 

(1) Amounts in parentheses indicate charges to earnings. Amounts pertaining to noncontrolling interests are excluded.

(2) Included in the computation of net periodic pension cost. See “Note 4. Retirement Plans” for additional details.

(3) These accumulated other comprehensive income components are included in Interest expense, net.

 

 

 

Six Months Ended

 

 

Six Months Ended

 

 

 

March 31, 2022

 

 

March 31, 2021

 

 

 

Pre-tax

 

 

Tax

 

 

Net of Tax

 

 

Pre-tax

 

 

Tax

 

 

Net of Tax

 

Amortization of defined benefit pension and
   postretirement items:
(1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

   Actuarial losses (2)

 

$

(3.5

)

 

$

0.9

 

 

$

(2.6

)

 

$

(14.8

)

 

$

3.6

 

 

$

(11.2

)

   Prior service costs (2)

 

 

(3.8

)

 

 

1.0

 

 

 

(2.8

)

 

 

(2.8

)

 

 

0.7

 

 

 

(2.1

)

Subtotal defined benefit plans

 

 

(7.3

)

 

 

1.9

 

 

 

(5.4

)

 

 

(17.6

)

 

 

4.3

 

 

 

(13.3

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivative Instruments: (1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

   Interest rate swap hedge loss (3)

 

 

 

 

 

 

 

 

 

 

 

(3.9

)

 

 

1.0

 

 

 

(2.9

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total reclassifications for the period

 

$

(7.3

)

 

$

1.9

 

 

$

(5.4

)

 

$

(21.5

)

 

$

5.3

 

 

$

(16.2

)

 

(1) Amounts in parentheses indicate charges to earnings. Amounts pertaining to noncontrolling interests are excluded.

(2) Included in the computation of net periodic pension cost. See “Note 4. Retirement Plans” for additional details.

(3) These accumulated other comprehensive income components are included in Interest expense, net.