Fair Value Measurements (Tables)

12 Months Ended

Sep. 30, 2017

Schedule of Carrying Values and Fair Values of Financial Instruments

The carrying values and fair values of financial instruments were as follows:



	30 September 2017				30 September 2016
	Carrying Value		Fair Value		Carrying Value		Fair Value
Assets
Derivatives
Forward exchange contracts	$	109.9	$	109.9	$	193.8	$	193.8
Interest rate management contracts	117.9		117.9		179.9		179.9
Liabilities
Derivatives
Forward exchange contracts	$	98.0	$	98.0	$	82.6	$	82.6
Interest rate management contracts	33.9		33.9		12.7		12.7
Long-term debt, including current portion	3,818.8		3,928.2		4,275.1		4,474.0

Schedule of Fair Value of Assets and Liabilities Measured on Recurring Basis

The following table summarizes assets and liabilities measured at fair value on a recurring basis in the consolidated balance sheets:



	30 September 2017								30 September 2016
	Total		Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3
Assets at Fair Value
Derivatives
Forward exchange contracts	$	109.9	$	—	$	109.9	$	—	$	193.8	$	—	$	193.8	$	—
Interest rate management contracts	117.9		—		117.9		—		179.9		—		179.9		—
Total Assets at Fair Value	$	227.8	$	—	$	227.8	$	—	$	373.7	$	—	$	373.7	$	—
Liabilities at Fair Value
Derivatives
Forward exchange contracts	$	98.0	$	—	$	98.0	$	—	$	82.6	$	—	$	82.6	$	—
Interest rate management contracts	33.9		—		33.9		—		12.7		—		12.7		—
Total Liabilities at Fair Value	$	131.9	$	—	$	131.9	$	—	$	95.3	$	—	$	95.3	$	—

Schedule of Nonrecurring Fair Value Measurements

The following is a tabular presentation of nonrecurring fair value measurements along with the level within the fair value hierarchy in which the fair value measurement in its entirety falls:



	31 December 2016
	Total		Level 1		Level 2		Level 3		2017 Loss		2016 Loss
Plant and Equipment – Continuing operations ^(A)	$	1.4	$	—	$	—	$	1.4	$	45.7	$	—
Plant and Equipment—Discontinued operations^(A)	$	11.0	$	—	$	—	$	11.0	$	6.3	$	913.5

^(A)

We assessed the recoverability of the carrying value of assets associated with the EfW discontinued operation, including the air separation unit within continuing operations of our Industrial Gases – EMEA segment. We based our estimates primarily on an orderly liquidation valuation which resulted in losses for the difference between the orderly liquidation value and net book value of the assets as of 31 December 2016 during fiscal year 2017. There have been no significant updates to our estimates as of 30 September 2017. For additional information, see Note 3, Discontinued Operations, and Note 5, Business Restructuring and Cost Reduction Actions.



	30 June 2017								2017 Loss
	Total		Level 1		Level 2		Level 3		2017 Loss
Investment in Equity Affiliate^(A)	$	68.5	$	—	$	—	$	68.5	$	79.5

^(A)

We assessed the recoverability of the carrying value of our equity investment in AHG. We estimated the fair value of our investment using weighting of the results of the income and market approaches. An impairment loss was recognized for the difference between the carrying amount and the fair value of the investment as of 30 June 2017. There have been no updates to our estimates as of 30 September 2017. For additional information, see Note 8, Summarized Financial Information of Equity Affiliates.