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Fair Value Measurements and Derivative Instruments (Tables)
6 Months Ended
Mar. 31, 2022
Derivative Instruments Gain Loss [Line Items]  
Summary of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis

The following tables summarize the financial assets and liabilities measured at fair value on a recurring basis as of March 31, 2022 and September 30, 2021:

 

 

 

March 31, 2022

 

 

 

Carrying Value

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Other assets:

 

 

 

 

 

 

 

 

 

 

 

 

Investments held by Rabbi Trust

 

$

13.1

 

 

$

13.1

 

 

$

 

 

$

 

Interest rate swap contracts

 

 

1.6

 

 

 

 

 

 

1.6

 

 

 

 

Total assets

 

$

14.7

 

 

$

13.1

 

 

$

1.6

 

 

$

 

Other liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Obligation to Rabbi Trust

 

$

13.1

 

 

$

13.1

 

 

$

 

 

$

 

Total liabilities

 

$

13.1

 

 

$

13.1

 

 

$

 

 

$

 

 

 

 

September 30, 2021

 

 

 

Carrying Value

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Other assets:

 

 

 

 

 

 

 

 

 

 

 

 

Investments held by Rabbi Trust

 

$

13.5

 

 

$

13.5

 

 

$

 

 

$

 

Fuel hedges

 

 

1.2

 

 

 

 

 

 

1.2

 

 

 

 

Total Assets

 

$

14.7

 

 

$

13.5

 

 

$

1.2

 

 

$

 

Other liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swap contracts

 

$

3.6

 

 

$

 

 

$

3.6

 

 

$

 

Obligation to Rabbi Trust

 

 

13.5

 

 

 

13.5

 

 

 

 

 

 

 

Total Liabilities

 

$

17.1

 

 

$

13.5

 

 

$

3.6

 

 

$

 

Interest Rate Swaps  
Derivative Instruments Gain Loss [Line Items]  
Summary of Effects on Consolidated Financial Statements of Designated As Cash Flow Hedges

The effects on the consolidated financial statements of the interest rate swaps which were designated as cash flow hedges were as follows:

 

 

 

Three Months Ended
March 31,

 

 

Six Months Ended
March 31,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Income recognized in Other comprehensive income

 

$

2.6

 

 

$

0.2

 

 

$

3.7

 

 

$

 

Net (loss) reclassified from Accumulated other comprehensive
   income (loss) into Interest expense

 

 

(0.7

)

 

 

(0.7

)

 

 

(1.6

)

 

 

(5.2

)

Fuel Swap Contracts  
Derivative Instruments Gain Loss [Line Items]  
Summary of Effects on Consolidated Financial Statements of Designated As Cash Flow Hedges

The effects on the consolidated financial statements of the fuel swaps which were designated as cash flow hedges were as follows:

 

 

 

Three Months Ended
March 31,

 

 

Six Months Ended
March 31,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Income recognized in Other comprehensive income (loss)

 

$

 

 

$

1.9

 

 

$

0.2

 

 

$

1.8

 

Net gain (loss) reclassified from Accumulated other
   comprehensive income (loss) into Cost of services provided

 

 

 

 

 

0.4

 

 

 

1.5

 

 

 

(0.4

)