Selected Condensed Consolidating Financial Statements of Parent, Issuer, Guarantors and Non-Guarantors (Tables)

6 Months Ended

Mar. 31, 2020

Organization Consolidation And Presentation Of Financial Statements [Abstract]

Condensed Consolidating Statements of Operations

CONDENSED CONSOLIDATING STATEMENTS OF INCOME
	Three Months Ended March 31, 2020
(In millions)	Parent			Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated Total
Net sales	$	—		$	—		$	630.9		$	4,479.1		$	(662.7	)	$	4,447.3
Cost of goods sold		—			—			502.2			3,794.8			(654.5	)		3,642.5
Gross profit		—			—			128.7			684.3			(8.2	)		804.8
Selling, general and administrative,    excluding intangible amortization		—			0.1			27.9			390.6			—			418.6
Selling, general and administrative    intangible amortization		—			—			24.5			75.6			—			100.1
Loss (gain) on disposal of assets		—			—			0.1			(5.7	)		—			(5.6	)
Multiemployer pension withdrawal expense		—			—			0.1			0.8			—			0.9
Restructuring and other costs		—			2.0			—			14.4			—			16.4
Operating profit (loss)		—			(2.1	)		76.1			208.6			(8.2	)		274.4
Interest (expense) income, net		—			(63.8	)		(33.6	)		0.1			—			(97.3	)
Intercompany interest (expense) income, net		—			(3.3	)		(24.2	)		19.3			8.2			—
Loss on extinguishment of debt		—			(0.4	)		—			(0.1	)		—			(0.5	)
Pension and other postretirement non-    service (expense) income		—			—			(1.9	)		28.0			—			26.1
Other income (expense), net		0.1			—			0.2			(1.2	)		—			(0.9	)
Equity in income of unconsolidated entities		—			—			—			4.9			—			4.9
Equity in income of consolidated entities		148.0			252.3			111.1			—			(511.4	)		—
Income before income taxes		148.1			182.7			127.7			259.6			(511.4	)		206.7
Income tax benefit (expense)		—			17.3			(4.0	)		(71.1	)		—			(57.8	)
Consolidated net income		148.1			200.0			123.7			188.5			(511.4	)		148.9
Less: Net income attributable to    noncontrolling interests		—			—			—			(0.8	)		—			(0.8	)
Net income attributable to common    stockholders	$	148.1		$	200.0		$	123.7		$	187.7		$	(511.4	)	$	148.1
Comprehensive loss attributable to    common stockholders	$	(236.0	)	$	(184.9	)	$	(247.9	)	$	(190.1	)	$	622.9		$	(236.0	)

CONDENSED CONSOLIDATING STATEMENTS OF INCOME
	Six Months Ended March 31, 2020
(In millions)	Parent		Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated Total
Net sales	$	—	$	—		$	1,220.2		$	8,939.6		$	(1,288.8	)	$	8,871.0
Cost of goods sold		—		—			983.8			7,546.0			(1,272.6	)		7,257.2
Gross profit		—		—			236.4			1,393.6			(16.2	)		1,613.8
Selling, general and administrative,    excluding intangible amortization		—		0.3			56.7			787.3			—			844.3
Selling, general and administrative    intangible amortization		—		—			50.5			151.4			—			201.9
Gain on disposal of assets		—		—			—			(6.9	)		—			(6.9	)
Multiemployer pension withdrawal expense		—		—			0.1			0.8			—			0.9
Restructuring and other costs		—		3.6			—			42.9			—			46.5
Operating profit (loss)		—		(3.9	)		129.1			418.1			(16.2	)		527.1
Interest (expense) income, net		—		(128.5	)		(68.8	)		6.5			—			(190.8	)
Intercompany interest (expense) income, net		—		(6.8	)		(49.4	)		40.0			16.2			—
Loss on extinguishment of debt		—		(0.4	)		—			(0.1	)		—			(0.5	)
Pension and other postretirement non-    service (expense) income		—		—			(3.8	)		56.6			—			52.8
Other income (expense), net		0.1		—			1.3			(6.0	)		—			(4.6	)
Equity in income of unconsolidated entities		—		—			—			8.7			—			8.7
Equity in income of consolidated entities		286.5		478.9			249.4			—			(1,014.8	)		—
Income before income taxes		286.6		339.3			257.8			523.8			(1,014.8	)		392.7
Income tax benefit (expense)		—		34.8			(1.7	)		(137.4	)		—			(104.3	)
Consolidated net income		286.6		374.1			256.1			386.4			(1,014.8	)		288.4
Less: Net income attributable to    noncontrolling interests		—		—			—			(1.8	)		—			(1.8	)
Net income attributable to common    stockholders	$	286.6	$	374.1		$	256.1		$	384.6		$	(1,014.8	)	$	286.6
Comprehensive income (loss) attributable    to common stockholders	$	10.2	$	98.7		$	(11.6	)	$	116.1		$	(203.2	)	$	10.2

CONDENSED CONSOLIDATING STATEMENTS OF INCOME
	Three Months Ended March 31, 2019
(In millions)	Parent		Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated Total
Net sales	$	—	$	—		$	639.2		$	4,638.1		$	(657.3	)	$	4,620.0
Cost of goods sold		—		—			526.8			3,850.9			(657.3	)		3,720.4
Gross profit		—		—			112.4			787.2			—			899.6
Selling, general and administrative,    excluding intangible amortization		—		0.3			14.2			429.6			—			444.1
Selling, general and administrative    intangible amortization		—		—			26.2			76.2			—			102.4
Land and Development impairments		—		—			—			13.0			—			13.0
Restructuring and other costs		—		3.9			0.1			30.8			—			34.8
Operating profit (loss)		—		(4.2	)		71.9			237.6			—			305.3
Interest expense, net		—		(65.0	)		(42.0	)		(4.8	)		—			(111.8	)
Intercompany interest income (expense), net		—		0.5			(27.5	)		27.0			—			—
Gain on extinguishment of debt		—		—			0.4			—			—			0.4
Pension and other postretirement non-    service (expense) income		—		—			(1.7	)		20.4			—			18.7
Other (expense) income, net		—		(3.4	)		(1.0	)		1.1			—			(3.3	)
Equity in loss of unconsolidated entities		—		—			—			(0.2	)		—			(0.2	)
Equity in income of consolidated entities		160.4		195.5			168.2			—			(524.1	)		—
Income before income taxes		160.4		123.4			168.3			281.1			(524.1	)		209.1
Income tax benefit (expense)		—		17.9			0.6			(65.7	)		—			(47.2	)
Consolidated net income		160.4		141.3			168.9			215.4			(524.1	)		161.9
Less: Net income attributable to    noncontrolling interests		—		—			—			(1.5	)		—			(1.5	)
Net income attributable to common    stockholders	$	160.4	$	141.3		$	168.9		$	213.9		$	(524.1	)	$	160.4
Comprehensive income attributable to    common stockholders	$	189.7	$	170.4		$	200.0		$	243.6		$	(614.0	)	$	189.7

CONDENSED CONSOLIDATING STATEMENTS OF INCOME
	Six Months Ended March 31, 2019
(In millions)	Parent		Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated Total
Net sales	$	—	$	—		$	1,263.0		$	8,971.9		$	(1,287.5	)	$	8,947.4
Cost of goods sold		—		—			1,027.7			7,525.8			(1,287.5	)		7,266.0
Gross profit		—		—			235.3			1,446.1			—			1,681.4
Selling, general and administrative,    excluding intangible amortization		—		0.4			27.3			817.3			—			845.0
Selling, general and administrative    intangible amortization		—		—			52.3			143.0			—			195.3
Gain on disposal of assets		—		—			—			(43.8	)		—			(43.8	)
Land and Development impairments		—		—			—			13.0			—			13.0
Restructuring and other costs		—		3.9			0.1			85.2			—			89.2
Operating profit (loss)		—		(4.3	)		155.6			431.4			—			582.7
Interest expense, net		—		(112.0	)		(91.9	)		(2.3	)		—			(206.2	)
Intercompany interest income (expense), net		—		3.5			(54.6	)		51.1			—			—
(Loss) gain on extinguishment of debt		—		(1.8	)		0.4			(0.1	)		—			(1.5	)
Pension and other postretirement non-    service (expense) income		—		—			(3.4	)		39.4			—			36.0
Other expense, net		—		(4.0	)		(0.4	)		(1.6	)		—			(6.0	)
Equity in income of unconsolidated entities		—		—			—			6.6			—			6.6
Equity in income of consolidated entities		299.5		394.2			414.4			—			(1,108.1	)		—
Income before income taxes		299.5		275.6			420.1			524.5			(1,108.1	)		411.6
Income tax benefit (expense)		—		29.0			(1.3	)		(137.6	)		—			(109.9	)
Consolidated net income		299.5		304.6			418.8			386.9			(1,108.1	)		301.7
Less: Net income attributable to    noncontrolling interests		—		—			—			(2.2	)		—			(2.2	)
Net income attributable to common    stockholders	$	299.5	$	304.6		$	418.8		$	384.7		$	(1,108.1	)	$	299.5
Comprehensive income attributable to    common stockholders	$	269.3	$	276.9		$	395.2		$	355.2		$	(1,027.3	)	$	269.3

Condensed Consolidating Balance Sheets

CONDENSED CONSOLIDATING BALANCE SHEETS
	March 31, 2020
(In millions)	Parent		Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Consolidated Total
ASSETS
Current Assets:
Cash and cash equivalents	$	—	$	0.2	$	469.6	$	170.4	$	—		$	640.2
Accounts receivable		—		—		26.7		2,229.1		(33.7	)		2,222.1
Inventories		—		—		266.2		1,859.2		—			2,125.4
Other current assets		0.4		—		7.2		493.6		—			501.2
Intercompany receivables		—		378.1		1.7		1,779.2		(2,159.0	)		—
Assets held for sale		—		—		—		3.3		—			3.3
Total current assets		0.4		378.3		771.4		6,534.8		(2,192.7	)		5,492.2
Property, plant and equipment, net		—		—		15.1		11,021.2		—			11,036.3
Goodwill		—		—		1,158.6		6,105.4		—			7,264.0
Intangibles, net		—		—		1,434.5		2,411.4		—			3,845.9
Restricted assets held by special purpose    entities		—		—		—		1,270.9		—			1,270.9
Prepaid pension asset		—		—		—		278.6		—			278.6
Intercompany notes receivable		—		155.0		170.6		3,026.8		(3,352.4	)		—
Investments in consolidated subsidiaries		11,983.4		18,703.0		20,161.8		—		(50,848.2	)		—
Other assets		—		69.1		241.3		1,553.8		(91.8	)		1,772.4
Total Assets	$	11,983.8	$	19,305.4	$	23,953.3	$	32,202.9	$	(56,485.1	)	$	30,960.3
LIABILITIES AND EQUITY
Current liabilities:
Current portion of debt	$	—	$	179.5	$	106.1	$	146.4	$	—		$	432.0
Accounts payable		—		1.4		33.3		1,695.4		(33.7	)		1,696.4
Accrued compensation and benefits		0.2		—		14.4		366.9		—			381.5
Other current liabilities		—		23.9		77.6		528.4		—			629.9
Intercompany payables		501.2		29.8		1,583.1		44.9		(2,159.0	)		—
Total current liabilities		501.4		234.6		1,814.5		2,782.0		(2,192.7	)		3,139.8
Long-term debt due after one year		—		6,761.1		1,975.6		1,687.9		—			10,424.6
Intercompany notes payable		—		636.3		2,390.5		325.6		(3,352.4	)		—
Pension liabilities, net of current portion		—		—		142.9		131.2		—			274.1
Postretirement benefit liabilities, net of    current portion		—		—		25.3		127.0		—			152.3
Non-recourse liabilities held by special    purpose entities		—		—		—		1,140.9		—			1,140.9
Deferred income taxes		—		—		265.8		2,704.4		(91.8	)		2,878.4
Other long-term liabilities		—		12.4		176.5		1,261.7		—			1,450.6
Redeemable noncontrolling interests		—		—		—		1.6		—			1.6
Total stockholders’ equity		11,482.4		11,661.0		17,162.2		22,025.0		(50,848.2	)		11,482.4
Noncontrolling interests		—		—		—		15.6		—			15.6
Total equity		11,482.4		11,661.0		17,162.2		22,040.6		(50,848.2	)		11,498.0
Total Liabilities and Equity	$	11,983.8	$	19,305.4	$	23,953.3	$	32,202.9	$	(56,485.1	)	$	30,960.3

CONDENSED CONSOLIDATING BALANCE SHEETS
	September 30, 2019
(In millions)	Parent		Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Consolidated Total
ASSETS
Current Assets:
Cash and cash equivalents	$	—	$	—	$	17.8	$	133.8	$	—		$	151.6
Accounts receivable		—		—		31.1		2,201.7		(39.6	)		2,193.2
Inventories		—		—		254.3		1,853.2		—			2,107.5
Other current assets		—		1.2		11.8		483.2		—			496.2
Intercompany receivables		—		227.7		—		1,128.6		(1,356.3	)		—
Assets held for sale		—		—		—		25.8		—			25.8
Total current assets		—		228.9		315.0		5,826.3		(1,395.9	)		4,974.3
Property, plant and equipment, net		—		—		18.9		11,170.6		—			11,189.5
Goodwill		—		—		1,158.6		6,127.0		—			7,285.6
Intangibles, net		—		—		1,485.0		2,574.5		—			4,059.5
Restricted assets held by special purpose    entities		—		—		—		1,274.3		—			1,274.3
Prepaid pension asset		—		—		—		224.7		—			224.7
Intercompany notes receivable		—		155.0		156.9		3,026.8		(3,338.7	)		—
Investments in consolidated subsidiaries		11,973.6		18,524.2		20,103.6		—		(50,601.4	)		—
Other assets		—		67.8		185.3		971.8		(76.1	)		1,148.8
Total Assets	$	11,973.6	$	18,975.9	$	23,423.3	$	31,196.0	$	(55,412.1	)	$	30,156.7
LIABILITIES AND EQUITY
Current liabilities:
Current portion of debt	$	—	$	135.3	$	108.9	$	316.9	$	—		$	561.1
Accounts payable		—		0.7		31.3		1,839.4		(39.6	)		1,831.8
Accrued compensation and benefits		0.3		—		14.5		455.6		—			470.4
Other current liabilities		—		18.6		83.8		469.4		—			571.8
Intercompany payables		303.4		—		1,052.9		—		(1,356.3	)		—
Total current liabilities		303.7		154.6		1,291.4		3,081.3		(1,395.9	)		3,435.1
Long-term debt due after one year		—		6,608.0		1,982.9		911.4		—			9,502.3
Intercompany notes payable		—		636.3		2,390.5		311.9		(3,338.7	)		—
Pension liabilities, net of current portion		—		—		147.6		146.4		—			294.0
Postretirement benefit liabilities, net of    current portion		—		—		25.7		136.4		—			162.1
Non-recourse liabilities held by special    purpose entities		—		—		—		1,145.2		—			1,145.2
Deferred income taxes		—		—		278.9		2,675.2		(76.1	)		2,878.0
Other long-term liabilities		—		12.9		131.2		909.8		—			1,053.9
Redeemable noncontrolling interests		—		—		—		1.9		—			1.9
Total stockholders’ equity		11,669.9		11,564.1		17,175.1		21,862.2		(50,601.4	)		11,669.9
Noncontrolling interests		—		—		—		14.3		—			14.3
Total equity		11,669.9		11,564.1		17,175.1		21,876.5		(50,601.4	)		11,684.2
Total Liabilities and Equity	$	11,973.6	$	18,975.9	$	23,423.3	$	31,196.0	$	(55,412.1	)	$	30,156.7

Condensed Consolidating Statements of Cash Flows

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
	Six Months Ended March 31, 2020
(In millions)	Parent			Issuer			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Consolidated Total
Operating activities:
Net cash provided by (used for) operating    activities	$	227.3		$	(194.0	)	$	443.7	$	121.8		$	—		$	598.8
Investing activities:
Capital expenditures		—			—			—		(616.2	)		—			(616.2	)
Investment in unconsolidated entities		—			—			—		(0.7	)		—			(0.7	)
Proceeds from sale of property, plant and    equipment		—			—			0.1		21.2			—			21.3
Proceeds from property, plant and equipment   insurance settlement		—			—			—		1.4			—			1.4
Intercompany notes proceeds		—			—			3.1		—			(3.1	)		—
Other, net		—			—			4.9		—			—			4.9
Net cash provided by (used for) investing    activities		—			—			8.1		(594.3	)		(3.1	)		(589.3	)
Financing activities:
Additions to revolving credit facilities		—			350.0			—		25.0			—			375.0
Repayments of revolving credit facilities		—			—			—		(65.0	)		—			(65.0	)
Additions to debt		—			—			—		580.1			—			580.1
Repayments of debt		—			(200.0	)		—		(8.2	)		—			(208.2	)
Repayments of commercial paper, net		—			(34.8	)		—		—			—			(34.8	)
Other debt additions, net		—			79.0			—		6.9			—			85.9
Issuances of common stock, net of related    minimum tax withholdings		13.4			—			—		—			—			13.4
Cash dividends paid to stockholders		(240.7	)		—			—		—			—			(240.7	)
Cash distributions paid to noncontrolling    interests		—			—			—		(0.7	)		—			(0.7	)
Intercompany notes payments		—			—			—		(3.1	)		3.1			—
Other, net		—			—			—		2.1			—			2.1
Net cash (used for) provided by    financing activities		(227.3	)		194.2			—		537.1			3.1			507.1
Effect of exchange rate changes on cash,    cash equivalents and restricted cash		—			—			—		(28.0	)		—			(28.0	)
Increase in cash, cash equivalents and   restricted cash		—			0.2			451.8		36.6			—			488.6
Cash, cash equivalents and restricted cash    at beginning of period		—			—			17.8		133.8			—			151.6
Cash, cash equivalents and restricted cash    at end of period	$	—		$	0.2		$	469.6	$	170.4		$	—		$	640.2

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
	Six Months Ended March 31, 2019
(In millions)	Parent			Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated Total
Operating activities:
Net cash provided by (used for) operating    activities	$	319.1		$	(93.1	)	$	(196.9	)	$	635.9		$	—		$	665.0
Investing activities:
Capital expenditures		—			—			(2.4	)		(623.0	)		—			(625.4	)
Cash paid related to business combinations,    net of cash acquired		—			—			—			(3,349.3	)		—			(3,349.3	)
Investment in unconsolidated entities		—			—			—			(0.2	)		—			(0.2	)
Proceeds from sale of property, plant and    equipment		—			—			—			105.3			—			105.3
Proceeds from property, plant and equipment   insurance settlement		—			—			—			8.8			—			8.8
Intercompany notes issued		—			—			—			(75.7	)		75.7			—
Intercompany notes proceeds		—			9.2			1.3			3,800.0			(3,810.5	)		—
Intercompany capital investment		(563.0	)		(563.0	)		—			—			1,126.0			—
Other, net		—			—			8.6			1.6			—			10.2
Net cash (used for) provided by investing    activities		(563.0	)		(553.8	)		7.5			(132.5	)		(2,608.8	)		(3,850.6	)
Financing activities:
Proceeds from issuance of notes		—			1,498.5			—			—			—			1,498.5
Additions to revolving credit facilities		—			67.2			—			125.0			—			192.2
Repayments of revolving credit facilities		—			—			—			(20.0	)		—			(20.0	)
Additions to debt		—			3,801.9			—			156.0			—			3,957.9
Repayments of debt		—			(1,489.7	)		(357.5	)		(1,362.4	)		—			(3,209.6	)
Additions to commercial paper, net		—			588.3			—			—			—			588.3
Other debt additions, net		—			—			—			16.4			—			16.4
Issuances of common stock, net of related    minimum tax withholdings		3.2			—			—			—			—			3.2
Purchases of common stock		(88.6	)		—			—			—			—			(88.6	)
Cash dividends paid to stockholders		(233.7	)		—			—			—			—			(233.7	)
Cash distributions paid to noncontrolling    interests		—			—			—			(2.8	)		—			(2.8	)
Intercompany notes borrowing		—			—			75.7			—			(75.7	)		—
Intercompany notes payments		—			(3,800.0	)		—			(10.5	)		3,810.5			—
Intercompany capital receipt		563.0			—			—			563.0			(1,126.0	)		—
Other, net		—			(19.5	)		—			22.5			—			3.0
Net cash provided by (used for)    financing activities		243.9			646.7			(281.8	)		(512.8	)		2,608.8			2,704.8
Effect of exchange rate changes on cash,    cash equivalents and restricted cash		—			—			—			(1.8	)		—			(1.8	)
Decrease in cash, cash equivalents and    restricted cash		—			(0.2	)		(471.2	)		(11.2	)		—			(482.6	)
Cash, cash equivalents and restricted cash    at beginning of period		—			0.2			490.8			145.8			—			636.8
Cash, cash equivalents and restricted cash    at end of period	$	—		$	—		$	19.6		$	134.6		$	—		$	154.2

Summary of Non-Cash Transactions

The table below summarizes these non-cash transactions.

	Six Months Ended March 31, 2020
(In millions)	Parent		Issuer		Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated Total
Investing activities:
Intercompany notes issued	$	—	$	—	$	(29.1	)	$	—		$	29.1		$	—
Intercompany notes proceeds	$	—	$	—	$	12.3		$	—		$	(12.3	)	$	—
Intercompany capital investment	$	—	$	—	$	(0.6	)	$	—		$	0.6		$	—
Financing activities:
Intercompany notes borrowing	$	—	$	—	$	—		$	29.1		$	(29.1	)	$	—
Intercompany notes payments	$	—	$	—	$	—		$	(12.3	)	$	12.3		$	—
Intercompany capital receipt	$	—	$	—	$	—		$	0.6		$	(0.6	)	$	—
Intercompany dividends paid	$	—	$	—	$	—		$	(31.2	)	$	31.2		$	—

The table below summarizes these non-cash transactions.

	Six Months Ended March 31, 2019
(In millions)	Parent			Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated Total
Operating activities:
Intercompany receivables	$	(140.9	)	$	—		$	—		$	—		$	140.9		$	—
Intercompany payables	$	—		$	—		$	—		$	140.9		$	(140.9	)	$	—
Investing activities:
Intercompany notes issued	$	—		$	(3,800.0	)	$	(4,519.8	)	$	(8,057.5	)	$	16,377.3		$	—
Intercompany notes proceeds	$	—		$	4,519.8		$	4,519.8		$	4,257.5		$	(13,297.1	)	$	—
Intercompany capital investment	$	(10,396.2	)	$	(5,434.8	)	$	(5,983.6	)	$	—		$	21,814.6		$	—
Intercompany return of capital	$	563.0		$	1,478.0		$	915.0		$	—		$	(2,956.0	)	$	—
Financing activities:
Intercompany notes borrowing	$	—		$	3,800.0		$	457.5		$	12,119.8		$	(16,377.3	)	$	—
Intercompany notes payments	$	—		$	—		$	(457.5	)	$	(12,839.6	)	$	13,297.1		$	—
Intercompany capital receipt	$	—		$	10,396.2		$	4,977.3		$	6,441.1		$	(21,814.6	)	$	—
Intercompany capital distribution	$	(563.0	)	$	(563.0	)	$	(457.5	)	$	(1,372.5	)	$	2,956.0		$	—
Intercompany dividends paid	$	—		$	—		$	—		$	(572.4	)	$	572.4		$	—