Income Taxes (Tables)

12 Months Ended

Sep. 30, 2017

Income Tax Disclosure [Abstract]

Schedule of Income of U.S. and Foreign Operations Before Taxes

The following table summarizes the income of U.S. and foreign operations before taxes:

	2017		2016		2015
Income from Continuing Operations before Taxes
United States	$	669.8	$	631.7	$	507.5
Foreign	666.2		775.9		606.3
Income from equity affiliates	80.1		147.0		152.3
Total	$	1,416.1	$	1,554.6	$	1,266.1

Schedule of Components of Income Tax Expense (Benefit)

The following table shows the components of the provision for income taxes:

	2017			2016		2015
Current Tax Provision
Federal	$	62.8		$	171.0	$	117.0
State	7.0			21.2		8.1
Foreign	229.1			178.6		165.7
	298.9			370.8		290.8
Deferred Tax Provision
Federal	1.4			45.0		1.5
State	6.0			2.8		17.8
Foreign	(45.4		)	14.0		(9.9		)
	(38.0		)	61.8		9.4
Income Tax Provision	$	260.9		$	432.6	$	300.2

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the differences between the United States federal statutory tax rate and the effective tax rate is as follows:

(Percent of income before taxes)	2017		2016		2015
U.S. federal statutory tax rate	35.0	%	35.0	%	35.0	%
State taxes, net of federal benefit	1.0		1.2		1.1
Income from equity affiliates	(2.0	)	(3.3	)	(4.0	)
Foreign tax differentials	(7.9	)	(6.6	)	(5.9	)
U.S. taxes on foreign earnings	(2.2	)	(3.1	)	(2.1	)
Domestic production activities	(.8	)	(.8	)	(1.0	)
Non-deductible goodwill impairment charge	3.6		—		—
Non-U.S. subsidiary tax election	(7.7	)	—		—
Business separation costs	.2		4.2		.2
Share-based compensation	(1.2	)	—		—
Other	.4		1.2		.4
Effective Tax Rate	18.4	%	27.8	%	23.7	%

Schedule of Components of Deferred Tax Assets and Liabilities

The significant components of deferred tax assets and liabilities are as follows:

30 September	2017			2016
Gross Deferred Tax Assets
Retirement benefits and compensation accruals	$	370.1		$	527.6
Tax loss carryforwards	64.5			101.1
Tax credits and other tax carryforwards	76.1			56.0
Reserves and accruals	88.2			74.9
Partnership and other investments	—			5.8
Currency losses	20.7			—
Other	37.2			19.3
Valuation allowance	(107.7		)	(165.1		)
Deferred Tax Assets	549.1			619.6
Gross Deferred Tax Liabilities
Plant and equipment	1,035.6			985.1
Currency gains	—			46.8
Unremitted earnings of foreign entities	20.9			5.4
Partnership and other investments	5.4			—
Intangible assets	81.9			91.0
Other	9.2			16.7
Deferred Tax Liabilities	1,153.0			1,145.0
Net Deferred Income Tax Liability	$	603.9		$	525.4

Schedule of Deferred Tax Assets and Liabilities Included in Consolidated Financial Statements

Deferred tax assets and liabilities are included within the consolidated financial statements as follows:

	2017		2016
Deferred Tax Assets
Other noncurrent assets	$	174.5	$	185.0
Deferred Tax Liabilities
Deferred income taxes	778.4		710.4
Net Deferred Income Tax Liability	$	603.9	$	525.4

Schedule of Reconciliation of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of the unrecognized tax benefits is as follows:

Unrecognized Tax Benefits	2017			2016			2015
Balance at beginning of year	$	90.2		$	83.8		$	93.1
Additions for tax positions of the current year	47.5			12.5			4.7
Additions for tax positions of prior years	16.1			2.9			3.0
Reductions for tax positions of prior years	(4.0		)	—			(2.2		)
Settlements	(2.0		)	(5.6		)	(.6		)
Statute of limitations expiration	(3.2		)	(2.9		)	(8.3		)
Foreign currency translation	1.8			(.5		)	(5.9		)
Balance at End of Year	$	146.4		$	90.2		$	83.8

Schedule of Income Tax Examinations

We generally remain subject to examination in the following major tax jurisdictions for the years indicated below:

Major Tax Jurisdiction	Open Tax Years
North America
United States	2011-2017
Canada	2013-2017
Europe
France	2014-2017
Germany	2012-2017
Netherlands	2012-2017
Spain	2011-2017
United Kingdom	2014-2017
Asia
China	2012-2017
South Korea	2010-2017
Taiwan	2012-2017
Latin America
Chile	2013-2017