FAIR VALUE (Tables)

6 Months Ended

Mar. 31, 2017

Assets and Liabilities Measured at Fair Value on Recurring Basis

In the tables below, the Company has segregated all assets and liabilities that are measured at fair value on a recurring basis into the most appropriate level within the fair value hierarchy based on the inputs used to determine the fair value at the measurement date.



	Fair Value Measurement Using
	Quoted Prices in Active Markets for Identical Instruments		Significant Other Observable Inputs		Significant Unobservable Inputs			Total
Type of Instruments	(Level 1)		(Level 2)		(Level 3)			Balance
(In millions)
Assets at March 31, 2017:
Available-for-sale securities:
Corporate debt securities	$	—	$	—	$	60.5		$	60.5
Total assets measured at fair value	$	—	$	—	$	60.5		$	60.5

Liabilities at March 31, 2017:
Contingent consideration	$	—	$	—	$	(1.1	)	$	(1.1	)
Total liabilities measured at fair value	$	—	$	—	$	(1.1	)	$	(1.1	)

Assets at September 30, 2016:
Available-for-sale securities:
Corporate debt securities	$	—	$	—	$	95.3		$	95.3
Total assets measured at fair value	$	—	$	—	$	95.3		$	95.3

Liabilities at September 30, 2016:
Contingent consideration	$	—	$	—	$	(1.3	)	$	(1.3	)
Total liabilities measured at fair value	$	—	$	—	$	(1.3	)	$	(1.3	)

Reconciliation for Assets Measured and Recorded at Fair Value on Recurring Basis

The following table presents the reconciliation for all assets and liabilities measured and recorded at fair value on a recurring basis using significant unobservable inputs (Level 3):



(In millions)	Original CPTC Loans			Contingent Consideration
Balance at September 30, 2016	$	95.3		$	(1.3	)
Additions⁽¹⁾	3.3			—
Settlements⁽²⁾	—			0.5
Change in fair value recognized in earnings	(38.1		)	(0.3		)
Balance at March 31, 2017	$	60.5		$	(1.1	)


⁽¹⁾	Amounts reported under the Original CPTC loans represents investments and accrued interest.


⁽²⁾	Amounts reported under Contingent Consideration represent cash payments to settle contingent consideration liabilities.

Reconciliation for Liabilities Measured and Recorded at Fair Value on Recurring Basis

The following table presents the reconciliation for all assets and liabilities measured and recorded at fair value on a recurring basis using significant unobservable inputs (Level 3):



(In millions)	Original CPTC Loans			Contingent Consideration
Balance at September 30, 2016	$	95.3		$	(1.3	)
Additions⁽¹⁾	3.3			—
Settlements⁽²⁾	—			0.5
Change in fair value recognized in earnings	(38.1		)	(0.3		)
Balance at March 31, 2017	$	60.5		$	(1.1	)


⁽¹⁾	Amounts reported under the Original CPTC loans represents investments and accrued interest.


⁽²⁾	Amounts reported under Contingent Consideration represent cash payments to settle contingent consideration liabilities.