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Retirement Benefits (Tables)
 12 Months Ended
Sep. 30, 2017
Defined Benefit Pension Plan  
Schedule of Net Periodic Benefit Cost
The cost of our defined benefit pension plans included the following components:
 
2017
 
2016
 
2015
 
U.S.

International

 
U.S.

International

 
U.S.

International

Service cost
$
29.0

$
25.9

 
$
36.5

$
24.3

 
$
42.2

$
31.3

Interest cost
107.5

32.2

 
110.7

44.3

 
124.7

57.8

Expected return on plan assets
(207.7
)
(75.2
)
 
(202.0
)
(78.3
)
 
(202.0
)
(79.8
)
Amortization
 
 
 
 
 
 
 
 
Net actuarial loss
88.7

54.7

 
85.3

35.6

 
78.9

41.4

Prior service cost
2.3

(.1
)
 
2.8

(.2
)
 
2.8

—

Settlements
10.5

1.7

 
5.1

1.3

 
18.9

2.3

Curtailments
4.3

(1.3
)
 
—

(1.1
)
 
5.3

—

Special termination benefits
2.8

.4

 
2.0

—

 
7.2

1.5

Other
—

1.1

 
(.3
)
2.1

 
1.0

2.1

Net Periodic Benefit Cost – Total
$
37.4

$
39.4

 
$
40.1

$
28.0

 
$
79.0

$
56.6

Less: Discontinued Operations
(.7
)
(4.1
)
 
(7.9
)
(4.4
)
 
(12.9
)
(7.7
)
Net Periodic Benefit Cost – Continuing Operations
$
36.7

$
35.3

 
$
32.2

$
23.6

 
$
66.1

$
48.9
Schedule of Assumptions Used in The Calculation of Net Periodic Pension Cost and PBO
We calculate net periodic benefit cost for a given fiscal year based on assumptions developed at the end of the previous fiscal year. The following table sets forth the weighted average assumptions used in the calculation of net periodic benefit cost:
 
2017
 
2016
 
2015
  
U.S.

International

 
U.S.

International

 
U.S.

International

Discount rate(A)
3.5
%
2.0
%
 
4.3
%
3.3
%
 
4.3
%
3.6
%
Expected return on plan assets
8.0
%
6.1
%
 
8.0
%
6.3
%
 
8.3
%
6.1
%
Rate of compensation increase
3.5
%
3.5
%
 
3.5
%
3.5
%
 
3.5
%
3.6
%
(A) 
Effective in 2016, the Company began to measure the service cost and interest cost components of pension expense by applying spot rates along the yield curve to the relevant projected cash flows, as we believe this provides a better measurement of these costs. The Company accounted for this in 2016 as a change in accounting estimate and, accordingly, accounted for it on a prospective basis. This change did not affect the measurement of the total benefit obligation. The 2017 discount rates used to measure the service cost and interest cost of our U.S. pension plans were 3.6% and 3.0%, respectively. The rates used to measure the service cost and interest cost of our major International pension plans were 2.1% and 1.8%, respectively. The previous method would have used a single discount rate for both service and interest costs.
The projected benefit obligation (PBO) is the actuarial present value of benefits attributable to employee service rendered to date, including the effects of estimated future salary increases. The following table sets forth the weighted average assumptions used in the calculation of the PBO:
 
 
2017
 
2016
 
 
U.S.

 
International

 
U.S.

 
International

Discount rate
 
3.8
%
 
2.4
%
 
3.5
%
 
2.0
%
Rate of compensation increase
 
3.5
%
 
3.6
%
 
3.5
%
 
3.5
%
Schedule of Changes in Projected Benefit Obligations
 
 
2017
 
2016
 
 
U.S.

 
International

 
U.S.

 
International

Change in Projected Benefit Obligation
 
 
 
 
 
 
 
 
Obligation at beginning of year
 
$
3,477.7

 
$
1,849.6

 
$
3,139.9

 
$
1,647.9

Service cost
 
29.0

 
25.9

 
36.5

 
24.3

Interest cost
 
107.5

 
32.2

 
110.7

 
44.3

Amendments
 
1.9

 
—

 
1.2

 
—

Actuarial (gain) loss
 
(68.0
)
 
(132.4
)
 
380.2

 
376.4

Divestitures
 
—

 
(34.1
)
 
—

 
—

Curtailments
 
(17.3
)
 
(4.2
)
 
(.4
)
 
(1.2
)
Settlement (gain) loss
 
7.0

 
—

 
5.4

 
(3.4
)
Special termination benefits
 
2.8

 
—

 
2.0

 
—

Participant contributions
 
—

 
1.4

 
—

 
1.6

Benefits paid
 
(182.9
)
 
(46.5
)
 
(197.4
)
 
(46.6
)
Currency translation/other
 
—

 
57.6

 
(.4
)
 
(193.7
)
Obligation at End of Year
 
$
3,357.7

 
$
1,749.5

 
$
3,477.7

 
$
1,849.6
Schedule of Changes in Fair Value of Plan Assets
 
 
2017
 
2016
 
 
U.S.

 
International

 
U.S.

 
International

Change in Plan Assets
 
 
 
 
 
 
 
 
Fair value at beginning of year
 
$
2,705.3

 
$
1,411.1

 
$
2,613.6

 
$
1,302.8

Actual return on plan assets
 
319.6

 
87.9

 
275.2

 
273.2

Company contributions
 
27.2

 
42.2

 
13.9

 
65.4

Participant contributions
 
—

 
1.4

 
—

 
1.6

Divestitures
 
—

 
(3.0
)
 
—

 
—

Benefits paid
 
(182.9
)
 
(46.5
)
 
(197.4
)
 
(46.6
)
Settlements
 
—

 
(5.3
)
 
—

 
(3.4
)
Currency translation/other
 
—

 
52.2

 
—

 
(181.9
)
Fair Value at End of Year
 
$
2,869.2

 
$
1,540.0

 
$
2,705.3

 
$
1,411.1

Funded Status at End of Year
 
$
(488.5
)
 
$
(209.5
)
 
$
(772.4
)
 
$
(438.5
)
Schedule of Amounts Recognized in Balance Sheet
Amounts Recognized
 
 
 
 
 
 
 
 
Noncurrent assets
 
$
5.3

 
$
13.1

 
$
—

 
$
—

Accrued liabilities
 
(12.6
)
 
—

 
(24.1
)
 
—

Noncurrent liabilities
 
(481.2
)
 
(222.6
)
 
(748.3
)
 
(438.5
)
Net Amount Recognized
 
$
(488.5
)
 
$
(209.5
)
 
$
(772.4
)
 
$
(438.5
)
Schedule of Amounts Recognized in Other Comprehensive Income (Loss)
The changes in plan assets and benefit obligation that have been recognized in other comprehensive income on a pretax basis during 2017 and 2016 consist of the following:
 
 
2017
 
2016
 
 
U.S.

 
International

 
U.S.

 
International

Net actuarial (gain) loss arising during the period
 
$
(189.8
)
 
$
(162.0
)
 
$
311.8

 
$
172.1

Amortization of net actuarial loss
 
(103.3
)
 
(55.7
)
 
(90.4
)
 
(36.5
)
Prior service cost (credit) arising during the period
 
1.9

 
—

 
1.2

 
(.1
)
Amortization of prior service cost
 
(2.3
)
 
.1

 
(2.8
)
 
.2

Total
 
$
(293.5
)
 
$
(217.6
)
 
$
219.8

 
$
135.7
Schedule of Components Recognized in Accumulated Other Comprehensive Income on Pretax Basis
The components recognized in accumulated other comprehensive loss on a pretax basis at 30 September consisted of:
 
 
2017
 
2016
 
 
U.S.

 
International

 
U.S.

 
International

Net actuarial loss
 
$
980.5

 
$
551.9

 
$
1,273.6

 
$
769.6

Prior service cost (credit)
 
8.1

 
(1.8
)
 
8.5

 
(1.9
)
Net transition liability
 
—

 
.4

 
—

 
.4

Total
 
$
988.6

 
$
550.5

 
$
1,282.1

 
$
768.1
Schedule of Amounts in Accumulated Other Comprehensive Income (Loss) to be Recognized over Next Fiscal Year
The amount of accumulated other comprehensive loss at 30 September 2017 that is expected to be recognized as a component of net periodic pension cost during fiscal year 2018, excluding discontinued operations and amounts that may be recognized through settlement losses, is as follows:
 
 
U.S.

 
International

Net actuarial loss
 
$
88.5

 
$
39.9

Prior service cost (credit)
 
1.5

 
(.1
)
Schedule of Benefit Obligations in Excess of Fair Value of Plan Assets
The following table provides information on pension plans where the benefit liability exceeds the value of plan assets:
 
30 September 2017
 
30 September 2016
 
U.S.

International

 
U.S.

International

Pension Plans with PBO in Excess of Plan Assets:
 
 
 
 
 
PBO
$
3,116.7

$
465.7

 
$
3,477.7

$
1,849.6

Fair value of plan assets
2,623.0

243.1

 
2,705.3

1,411.1

Pension Plans with ABO in Excess of Plan Assets:
 
 
 
 
 
ABO
$
2,951.0

$
365.6

 
$
3,242.5

$
1,673.6

Fair value of plan assets
2,623.0

197.1

 
2,705.3

1,370.1
Schedule of Target and Actual Asset Allocations by Category
 
 
2017 Target Allocation
 
2017 Actual Allocation
 
2016 Actual Allocation
 
 
U.S.

 
International

 
U.S.

 
International

 
U.S.

 
International

Asset Category
 
 
 
 
 
 
 
 
 
 
 
 
Equity securities
 
46-66%

 
46-57%

 
58
%
 
53
%
 
65
%
 
60
%
Debt securities
 
32-42%

 
41-53%

 
34
%
 
46
%
 
28
%
 
38
%
Real estate/other
 
0-10%

 
0-2%

 
7
%
 
1
%
 
7
%
 
1
%
Cash
 
—

 
—

 
1
%
 
—
%
 
—
%
 
1
%
Total
 
 
 
 
 
100
%
 
100
%
 
100
%
 
100
%
Schedule of Allocation of Plan Assets
The following table summarizes pension plan assets measured at fair value by asset class (see Note 14, Fair Value Measurements, for definition of the levels):
 
30 September 2017
 
30 September 2016
 
Total
Level 1
Level 2
Level 3
 
Total
Level 1
Level 2
Level 3
U.S. Qualified Pension Plans
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
13.6

$
13.6

$
—

$
—

 
$
12.7

$
12.7

$
—

$
—

Equity securities
598.6

598.6

—

—

 
637.0

637.0

—

—

Equity mutual funds
276.5

276.5

—

—

 
300.2

300.2

—

—

Equity pooled funds
787.0

—

787.0

—

 
815.5

—

815.5

—

Fixed income:
 
 
 
 
 
 
 
 
 
Bonds (government
and corporate)
985.7

—

985.7

—

 
747.8

—

747.8

—

Real estate pooled funds
207.8

—

—

207.8

 
192.1

—

—

192.1

Total U.S. Qualified Pension Plans
$
2,869.2

$
888.7

$
1,772.7

$
207.8

 
$
2,705.3

$
949.9

$
1,563.3

$
192.1

International Pension Plans
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
7.3

$
7.3

$
—

$
—

 
$
6.6

$
6.6

$
—

$
—

Equity pooled funds
821.4

—

821.4

—

 
854.8

—

854.8

—

Fixed income pooled funds
651.3

—

651.3

—

 
486.9

—

486.9

—

Other pooled funds
18.6

—

10.8

7.8

 
17.0

—

9.7

7.3

Insurance contracts
41.4

—

—

41.4

 
45.8

—

—

45.8

Total International Pension Plans
$
1,540.0

$
7.3

$
1,483.5

$
49.2

 
$
1,411.1

$
6.6

$
1,351.4

$
53.1
Schedule of Effect of Significant Unobservable Inputs, Changes in Plan Assets
The following table summarizes changes in fair value of the pension plan assets classified as Level 3, by asset class:
 
 
Real Estate  
Pooled Funds  

 
Other
Pooled Funds

 
Insurance
Contracts

 
Total

30 September 2015
 
$
174.2

 
$
6.6

 
$
45.3

 
$
226.1

Actual return on plan assets:
 
 
 
 
 
 
 
 
Assets held at end of year
 
17.9

 
.1

 
3.2

 
21.2

Assets sold during the period
 
—

 
.3

 
—

 
.3

Purchases, sales, and settlements, net
 
—

 
.3

 
(2.7
)
 
(2.4
)
30 September 2016
 
$
192.1

 
$
7.3

 
$
45.8

 
$
245.2

Actual return on plan assets:
 
 
 
 
 
 
 
 
Assets held at end of year
 
15.7

 
1.2

 
(1.0
)
 
15.9

Assets sold during the period
 
—

 
.3

 
—

 
.3

Purchases, sales, and settlements, net
 
—

 
(1.0
)
 
(3.4
)
 
(4.4
)
30 September 2017
 
$
207.8

 
$
7.8

 
$
41.4

 
$
257.0
Schedule of Expected Benefit Payments
Projected benefit payments, which reflect expected future service, are as follows:
 
 
U.S.

 
International

2018
 
$
158.5

 
$
50.9

2019
 
163.4

 
53.4

2020
 
167.3

 
53.8

2021
 
171.4

 
56.8

2022
 
177.2

 
59.3

2023-2027
 
938.5

 
333.3
Other Postretirement Benefits Plan  
Schedule of Net Periodic Benefit Cost
The cost of our other postretirement benefit plans includes the following components:
 
 
2017

 
2016

 
2015

Service cost
 
$
1.1

 
$
2.2

 
$
2.8

Interest cost
 
1.6

 
2.0

 
2.2

Amortization of net actuarial loss
 
.2

 
.7

 
.8

Net Periodic Postretirement Cost
 
$
2.9

 
$
4.9

 
$
5.8

Less: Discontinued Operations
 
$
—

 
$
(.4
)
 
$
(.7
)
Net Periodic Postretirement Cost – Continuing Operations
 
$
2.9

 
$
4.5

 
$
5.1
Schedule of Changes in Projected Benefit Obligations
 
 
2017

 
2016

Obligation at beginning of year
 
$
86.3

 
$
86.9

Service cost
 
1.1

 
2.2

Interest cost
 
1.6

 
2.0

Actuarial loss (gain)
 
(7.2
)
 
7.5

Curtailment gain
 
(3.5
)
 
—

Benefits paid
 
(11.3
)
 
(12.3
)
Obligation at End of Year
 
$
67.0

 
$
86.3
Schedule of Amounts Recognized in Balance Sheet
Amounts Recognized
 
 
 
 
Accrued liabilities
 
$
10.0

 
$
11.4

Noncurrent liabilities
 
57.0

 
74.9
Schedule of Amounts Recognized in Other Comprehensive Income (Loss)
The changes in benefit obligation that have been recognized in other comprehensive income on a pretax basis during 2017 and 2016 for our other postretirement benefit plans consist of the following:
 
 
2017

 
2016

Net actuarial loss (gain) arising during the period
 
$
(10.7
)
 
$
7.5

Amortization of net actuarial loss
 
(.2
)
 
(.7
)
Total
 
$
(10.9
)
 
$
6.8
Schedule of Expected Benefit Payments
Projected benefit payments are as follows:
2018
$
10.1

2019
9.5

2020
9.0

2021
8.4

2022
7.7

2023-2027
24.2