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Fair Value Measurements and Derivatives Instruments (Tables)
9 Months Ended
Jun. 30, 2020
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 June 30, 2020 and September 30, 2019:

 

 

 

June 30, 2020

 

 

 

Carrying Value

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Other assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investments held by Rabbi Trust

 

$

10.7

 

 

$

10.7

 

 

$

 

 

$

 

Total assets

 

$

10.7

 

 

$

10.7

 

 

$

 

 

$

 

Accrued expenses and other current liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swap contracts

 

$

9.9

 

 

$

 

 

$

9.9

 

 

$

 

Fuel hedges

 

 

2.1

 

 

 

 

 

 

2.1

 

 

 

 

Other liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swap contracts

 

 

5.4

 

 

 

 

 

 

5.4

 

 

 

 

Fuel hedges

 

 

0.1

 

 

 

 

 

 

0.1

 

 

 

 

Obligation to Rabbi Trust

 

 

10.7

 

 

 

10.7

 

 

 

 

 

 

 

Total liabilities

 

$

28.2

 

 

$

10.7

 

 

$

17.5

 

 

$

 

 

 

 

September 30, 2019

 

 

 

Carrying Value

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Other assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investments held by Rabbi Trust

 

$

11.1

 

 

$

11.1

 

 

$

 

 

$

 

Total assets

 

$

11.1

 

 

$

11.1

 

 

$

 

 

$

 

Accrued expenses and other current liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swap contracts

 

$

6.3

 

 

$

 

 

$

6.3

 

 

$

 

Other liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swap contracts

 

 

10.9

 

 

 

 

 

 

10.9

 

 

 

 

Obligation to Rabbi Trust

 

 

11.1

 

 

 

11.1

 

 

 

 

 

 

 

Total liabilities

 

$

28.3

 

 

$

11.1

 

 

$

17.2

 

 

$

 

 

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

June 30,

 

 

Nine Months Ended

June 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

(Loss) recognized in Other comprehensive income (loss)

 

$

(2.2

)

 

$

(3.7

)

 

$

(10.2

)

 

$

(9.8

)

Net (loss) reclassified from Accumulated other comprehensive

   income (loss) into Interest expense

 

 

(4.9

)

 

 

(2.2

)

 

 

(11.6

)

 

 

(5.6

)

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

June 30,

 

 

Nine Months Ended

June 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Income (loss) recognized in Other comprehensive income (loss)

 

$

1.5

 

 

$

0.6

 

 

$

(3.9

)

 

$

1.5

 

Net (loss) income reclassified from Accumulated other

   comprehensive income (loss) into Interest expense

 

 

(1.7

)

 

 

0.7

 

 

 

(1.5

)

 

 

0.7