Income Taxes (Tables)

12 Months Ended

Sep. 30, 2018

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:

	2018		2017		2016
Income from Continuing Operations before Taxes
United States		$688.5		$669.8		$631.7
Foreign	1,151.7		666.2		775.9
Income from equity affiliates	174.8		80.1		147.0
Total		$2,015.0		$1,416.1		$1,554.6

Schedule of Components of Income Tax Expense (Benefit)

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

	2018			2017			2016
Current Tax Provision
Federal		$305.1			$62.8			$171.0
State	17.7			7.0			21.2
Foreign	256.9			229.1			178.6
	579.7			298.9			370.8
Deferred Tax Provision
Federal	(121.7		)	1.4			45.0
State	12.5			6.0			2.8
Foreign	53.8			(45.4		)	14.0
	(55.4		)	(38.0		)	61.8
Income Tax Provision		$524.3			$260.9			$432.6

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)	2018		2017		2016
U.S. federal statutory tax rate	24.5	%	35.0	%	35.0	%
State taxes, net of federal benefit	1.0		1.0		1.2
Income from equity affiliates	(2.1	)	(2.0	)	(3.3	)
Foreign tax differentials	(1.0	)	(7.9	)	(6.6	)
Tax on foreign repatriated earnings	(.4	)	(2.2	)	(3.1	)
Domestic production activities	(.4	)	(.8	)	(.8	)
Share-based compensation	(1.0	)	(1.2	)	—
Tax reform repatriation	19.5		—		—
Tax reform rate change and other	(11.1	)	—		—
Tax restructuring benefit	(1.8	)	—		—
Non-deductible goodwill impairment charge	—		3.6		—
Non-U.S. subsidiary tax election	—		(7.7	)	—
Business separation costs	—		.2		4.2
Other	(1.2	)	.4		1.2
Effective Tax Rate	26.0	%	18.4	%	27.8	%

Schedule of Components of Deferred Tax Assets and Liabilities

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

30 September	2018			2017
Gross Deferred Tax Assets
Retirement benefits and compensation accruals		$153.1			$370.1
Tax loss carryforwards	143.5			64.5
Tax credits and other tax carryforwards	17.1			76.1
Reserves and accruals	42.5			88.2
Currency losses	3.8			20.7
Other	45.4			37.2
Valuation allowance	(105.0		)	(107.7		)
Deferred Tax Assets	300.4			549.1
Gross Deferred Tax Liabilities
Plant and equipment	811.8			1,035.6
Unremitted earnings of foreign entities	36.1			20.9
Partnership and other investments	16.3			5.4
Intangible assets	84.3			81.9
Other	5.6			9.2
Deferred Tax Liabilities	954.1			1,153.0
Net Deferred Income Tax Liability		$653.7			$603.9

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:

	2018		2017
Deferred Tax Assets
Other noncurrent assets		$121.4		$174.5
Deferred Tax Liabilities
Deferred income taxes	775.1		778.4
Net Deferred Income Tax Liability		$653.7		$603.9

Schedule Of Deferred Tax Assets For Tax Credits [Table Text Block]

As of 30 September 2018, the Company had the following deferred tax assets for certain tax credits:

Jurisdiction	Gross Tax Asset		Expiration Period
U.S. State		$1.9	2019 - 2034
Foreign	21.6		2019 - 2030; Indefinite

Summary of Tax Credit Carryforwards [Table Text Block]

At 30 September 2018, the Company had the following loss carryforwards:

Jurisdiction	Gross Loss Carryforward		Expiration Period
U.S. State Net Operating Loss		$324.9	2019 - 2034
Foreign Net Operating Loss	340.6		2019 - 2028; Indefinite
Foreign Capital Loss	281.9		Indefinite

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	2018			2017			2016
Balance at beginning of year		$146.4			$90.2			$83.8
Additions for tax positions of the current year	26.4			47.5			12.5
Additions for tax positions of prior years	119.2			16.1			2.9
Reductions for tax positions of prior years	(41.3		)	(4.0		)	—
Settlements	(14.2		)	(2.0		)	(5.6		)
Statute of limitations expiration	(2.6		)	(3.2		)	(2.9		)
Foreign currency translation	(.3		)	1.8			(.5		)
Balance at End of Year		$233.6			$146.4			$90.2

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 – Federal	2015	-	2018
United States – All States	2011	-	2018
Canada	2014	-	2018
Europe
France	2015	-	2018
Germany	2013	-	2018
Netherlands	2012	-	2018
Spain	2015	-	2018
United Kingdom	2014	-	2018
Asia
China	2013	-	2018
South Korea	2010	-	2018
Taiwan	2013	-	2018
Latin America
Chile	2015	-	2018