Leases (Tables)

9 Months Ended

Jun. 30, 2020

Leases [Abstract]

Schedule of Components of Lease Costs

Components of Lease Costs

The following table presents certain information related to the lease costs for finance and operating leases (in millions):

	Three Months Ended			Nine Months Ended
	June 30, 2020			June 30, 2020
Operating lease costs	$	50.0		$	150.0
Variable and short-term lease costs		25.6			79.6
Sublease income		(1.5	)		(5.0	)
Finance lease cost:
Amortization of lease assets		2.5			8.0
Interest on lease liabilities		1.9			6.0
Total lease cost, net	$	78.5		$	238.6

Summary of Supplemental Balance Sheet Information Related to Leases

Supplemental Balance Sheet Information Related to Leases

The table below presents the lease-related assets and liabilities recorded on the balance sheet (in millions):

	Condensed Consolidated Balance Sheet Caption	June 30, 2020
Operating leases:
Operating lease right-of-use asset	Other assets	$	649.2
Current operating lease liabilities	Other current liabilities	$	169.0
Operating lease liabilities	Other long-term liabilities		535.5
Total operating lease liabilities		$	704.5
Finance leases:
Property, plant and equipment		$	145.6
Accumulated depreciation			(19.0	)
Property, plant and equipment, net		$	126.6
Current finance lease liabilities	Current portion of debt	$	9.3
Noncurrent finance lease liabilities	Long-term debt due after one year		268.5
Total finance lease liabilities		$	277.8

Summary of Lease Term and Discount Rate

Lease Term and Discount Rate

	June 30, 2020
Weighted average remaining lease term:
Operating leases	5.9 years
Finance leases	9.2 years
Weighted average discount rate:
Operating leases		2.7	%
Finance leases		4.0	%

Summary of Supplemental Cash Flow Information Related to Leases

Supplemental Cash Flow Information Related to Leases

The table below presents supplemental cash flow information related to leases (in millions):

	Nine Months Ended
	June 30, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows related to operating leases	$	151.7
Operating cash flows related to finance leases	$	6.5
Financing cash flows related to finance leases	$	7.7

Summary of Maturity of Lease Liabilities

Maturity of Lease Liabilities

The table below reconciles the undiscounted cash flows for each of the first five years and total of the remaining years to the operating lease liabilities and finance lease liabilities recorded on the balance sheet (in millions):

	June 30, 2020
	Operating Leases			Finance Leases			Total
Remaining fiscal 2020	$	50.3		$	4.3		$	54.6
Fiscal 2021		177.1			16.1			193.2
Fiscal 2022		140.3			15.2			155.5
Fiscal 2023		110.0			13.3			123.3
Fiscal 2024		87.8			12.1			99.9
Thereafter		203.5			300.9			504.4
Total lease payments		769.0			361.9			1,130.9
Less: Interest (1)		(64.5	)		(84.1	)		(148.6	)
Present value of future lease payments	$	704.5		$	277.8		$	982.3

^{(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