Leases (Tables)

3 Months Ended

Dec. 31, 2019

Leases [Abstract]

Schedule of Components of Lease Costs

Components of Lease Costs

The following table shows the components of lease costs (in millions):

	Three Months Ended
	December 31, 2019
Operating lease costs	$	49.5
Variable and short-term lease costs		26.3
Sublease income		(1.7	)
Finance lease cost:
Amortization of lease assets		2.8
Interest on lease liabilities		2.1
Total lease cost, net	$	79.0

Summary of Supplemental Balance Sheet Information Related to Leases

Supplemental Balance Sheet Information Related to Leases

(In millions)	Condensed Consolidated Balance Sheet Caption	December 31, 2019
Operating leases:
Operating lease right-of-use asset	Other assets	$	696.8
Current operating lease liabilities	Other current liabilities	$	171.1
Operating lease liabilities	Other long-term liabilities		581.8
Total operating lease liabilities		$	752.9
Finance leases:
Property, plant and equipment		$	148.5
Accumulated depreciation			(16.2	)
Property, plant and equipment, net		$	132.3
Current finance lease liabilities	Current portion of debt	$	10.1
Noncurrent finance lease liabilities	Long-term debt due after one year		274.1
Total finance lease liabilities		$	284.2

Summary of Lease Term and Discount Rate

Lease Term and Discount Rate

	December 31, 2019
Weighted average remaining lease term:
Operating leases	6.0 years
Finance leases	9.6 years
Weighted average discount rate:
Operating leases		2.7	%
Finance leases		4.1	%

Summary of Supplemental Cash Flow Information Related to Leases

Supplemental Cash Flow Information Related to Leases

	Three Months Ended
(In millions)	December 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows related to operating leases	$	49.4
Operating cash flows related to finance leases	$	2.6
Financing cash flows related to finance leases	$	2.7

Summary of Maturity of Lease Liabilities

Maturity of Lease Liabilities

	December 31, 2019
(In millions)	Operating Leases			Finance Leases			Total
Remaining fiscal 2020	$	144.4		$	13.5		$	157.9
Fiscal 2021		163.4			16.2			179.6
Fiscal 2022		128.4			15.2			143.6
Fiscal 2023		100.6			13.1			113.7
Fiscal 2024		81.3			12.0			93.3
Thereafter		207.4			302.0			509.4
Total lease payments		825.5			372.0			1,197.5
Less: Interest (1)		(72.6	)		(87.8	)		(160.4	)
Present value of lease liabilities	$	752.9		$	284.2		$	1,037.1

^{(1) Calculated using the interest rate for each lease.}

Summary of Future Minimum Payments Under All Existing Non-cancelable Operating Leases

At September 30, 2019, future minimum payments under all existing non-cancelable operating leases for the succeeding five years and thereafter were as follows (in millions):

Fiscal 2020	$	214.3
Fiscal 2021		180.1
Fiscal 2022		136.3
Fiscal 2023		108.3
Fiscal 2024		85.3
Thereafter		206.1
Total	$	930.4