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CONDENSED CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
$ in Millions
Total
Common Stock [Member]
Capital in Excess of Par Value [Member]
Retained Earnings [Member]
AOCI Attributable to Parent
Noncontrolling Interests [Member]
Beginning balance at Sep. 30, 2017   254,500,000        
Shares issued under restricted stock plan   700,000        
Issuance of common stock, net of stock received for minimum tax withholdings [1]   1,200,000        
Purchases of common stock 0          
Ending balance at Mar. 31, 2018   256,400,000        
Beginning balance at Sep. 30, 2017   $ 2.5 $ 10,624.9 $ 172.4 $ (457.3) $ 43.6 [2]
Net income (loss) $ 0.3          
Distributions and adjustments to noncontrolling interests [2]           (9.3)
Net income attributable to common stockholders       1,358.3    
Dividends declared (per share - $0.455, $0.43, $0.91 and $0.86) [3]       (221.9)    
Compensation expense under share-based plans     33.7      
Issuance of common stock, net of stock received for minimum tax withholdings   0.1 [1] 26.0 [1] (6.4)    
Other comprehensive loss, net of tax 15.6 [4]       15.6  
Ending balance at Mar. 31, 2018 11,582.2 $ 2.6 10,684.6 1,302.4 (441.7) 34.3 [2]
Total Stockholders’ equity at Mar. 31, 2018 11,547.9          
Beginning balance at Dec. 31, 2017   254,900,000        
Shares issued under restricted stock plan   700,000        
Issuance of common stock, net of stock received for minimum tax withholdings [1]   800,000        
Ending balance at Mar. 31, 2018   256,400,000        
Beginning balance at Dec. 31, 2017   $ 2.5 10,651.7 1,196.8 (497.6) 40.2 [2]
Net income (loss) (1.3)         1.1 [2]
Distributions and adjustments to noncontrolling interests [2]           (7.0)
Net income attributable to common stockholders       223.2    
Dividends declared (per share - $0.455, $0.43, $0.91 and $0.86) [3]       (111.2)    
Compensation expense under share-based plans     19.4      
Issuance of common stock, net of stock received for minimum tax withholdings   0.1 [1] 13.5 [1] (6.4)    
Other comprehensive loss, net of tax         55.9  
Ending balance at Mar. 31, 2018 11,582.2 $ 2.6 10,684.6 1,302.4 (441.7) 34.3 [2]
Total Stockholders’ equity at Mar. 31, 2018 $ 11,547.9          
Beginning balance at Sep. 30, 2018 253,500,000 253,500,000        
Shares issued under restricted stock plan   3,000,000        
Issuance of common stock, net of stock received for minimum tax withholdings [1]   2,500,000        
Purchases of common stock (2,100,000) (2,100,000)        
Ending balance at Mar. 31, 2019 256,900,000 256,900,000        
Beginning balance at Sep. 30, 2018 $ 11,482.4 $ 2.5 10,588.9 1,573.3 (695.3) 13.0 [2]
Net income (loss) (2.2)         1.4 [2]
Contributions [2]           0.2
Distributions and adjustments to noncontrolling interests [2]           (1.8)
Adoption of revenue from contracts with customers standard       43.5    
Net income attributable to common stockholders       299.5    
Dividends declared (per share - $0.455, $0.43, $0.91 and $0.86) [3]       (242.3)    
Compensation expense under share-based plans     36.1      
Issuance of common stock, net of stock received for minimum tax withholdings   0.1 [1] 82.9 [1] (0.4)    
Fair value of share-based awards issued in business combinations     70.8      
Other comprehensive loss, net of tax (30.2) [4]       (30.2)  
Purchases of common stock     (86.2) (2.4)    
Ending balance at Mar. 31, 2019 11,653.6 $ 2.6 10,692.5 1,671.2 (725.5) 12.8 [2]
Total Stockholders’ equity at Mar. 31, 2019 $ 11,640.8          
Beginning balance at Dec. 31, 2018   255,200,000        
Shares issued under restricted stock plan   2,700,000        
Issuance of common stock, net of stock received for minimum tax withholdings [1]   100,000        
Purchases of common stock   (1,100,000)        
Ending balance at Mar. 31, 2019 256,900,000 256,900,000        
Beginning balance at Dec. 31, 2018   $ 2.6 10,720.6 1,635.3 (754.8) 11.8 [2]
Net income (loss) $ (1.5)         1.1 [2]
Distributions and adjustments to noncontrolling interests [2]           (0.1)
Net income attributable to common stockholders       160.4    
Dividends declared (per share - $0.455, $0.43, $0.91 and $0.86) [3]       (124.5)    
Compensation expense under share-based plans     18.2      
Issuance of common stock, net of stock received for minimum tax withholdings [1]     (1.9)      
Other comprehensive loss, net of tax         29.3  
Purchases of common stock     (44.4)      
Ending balance at Mar. 31, 2019 11,653.6 $ 2.6 $ 10,692.5 $ 1,671.2 $ (725.5) $ 12.8 [2]
Total Stockholders’ equity at Mar. 31, 2019 $ 11,640.8          
[1] Included in the issuance of common stock in the six months ended March 31, 2019 is the issuance of approximately 1.6 million shares of Common Stock (as hereinafter defined) valued at $70.1 million in connection with the KapStone Acquisition (as hereinafter defined).
[2] Excludes amounts related to contingently redeemable noncontrolling interests, which are separately classified outside of permanent equity on the Condensed Consolidated Balance Sheets.
[3] Includes cash dividends paid, dividend equivalent units on certain restricted stock awards and dividends declared but unpaid related to the shares reserved but unissued at the time of the acquisition for the resolution of Smurfit-Stone Container Corporation (“Smurfit-Stone”) bankruptcy claims.
[4] All amounts are net of tax and noncontrolling interests.