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Equity and Other Comprehensive Income (Loss) (Tables)

3 Months Ended

Dec. 31, 2023

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 three months ended December 31, 2023 and December 31, 2022 (in millions):


	Deferred (Loss) Income on Cash Flow Hedges			Defined Benefit Pension and Postretirement Plans			Foreign Currency Items			Total (1)
Balance at September 30, 2023	$	(4.9	)	$	(572.0	)	$	(321.7	)	$	(898.6	)
Other comprehensive (loss) income before reclassifications		(11.6	)		—			158.8			147.2
Amounts reclassified from accumulated other comprehensive loss		3.9			6.0			—			9.9
Net current period other comprehensive (loss) income		(7.7	)		6.0			158.8			157.1
Balance at December 31, 2023	$	(12.6	)	$	(566.0	)	$	(162.9	)	$	(741.5	)

(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, 2022	$	(9.1	)	$	(741.6	)	$	(703.6	)	$	(1,454.3	)
Other comprehensive (loss) income before reclassifications		(21.8	)		—			117.2			95.4
Amounts reclassified from accumulated other comprehensive loss		9.9			11.1			29.0			50.0
Net current period other comprehensive (loss) income		(11.9	)		11.1			146.2			145.4
Balance at December 31, 2022	$	(21.0	)	$	(730.5	)	$	(557.4	)	$	(1,308.9	)

(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
	December 31, 2023								December 31, 2022
	Pre-tax			Tax		Net of Tax			Pre-tax			Tax		Net of Tax
Amortization of defined benefit pension and postretirement items: (1)
Actuarial losses (2)	$	(6.8	)	$	1.9	$	(4.9	)	$	(13.3	)	$	3.6	$	(9.7	)
Prior service costs (2)		(1.5	)		0.4		(1.1	)		(1.9	)		0.5		(1.4	)
Subtotal defined benefit plans		(8.3	)		2.3		(6.0	)		(15.2	)		4.1		(11.1	)

Foreign currency translation adjustments: (1)
Recognition of previously unrealized net foreign currency loss upon consolidation of equity investment (3)		—			—		—			(29.0	)		—		(29.0	)

Derivative Instruments: (1)
Natural gas commodity hedge loss (4)		(5.2	)		1.3		(3.9	)		(13.2	)		3.3		(9.9	)

Total reclassifications for the period	$	(13.5	)	$	3.6	$	(9.9	)	$	(57.4	)	$	7.4	$	(50.0	)

(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 5. Retirement Plans” for additional details.

(3)

Amount reflected in Equity in income (loss) of unconsolidated entities in the consolidated statements of operations.

(4)

These accumulated other comprehensive loss components are included in Cost of goods sold.