Financial Instruments (Tables)

3 Months Ended

Dec. 31, 2018

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Notional Amounts of Outstanding Derivative Instruments

The table below summarizes our outstanding currency price risk management instruments:

	31 December 2018			30 September 2018
	US$ Notional		Years Average Maturity	US$ Notional		Years Average Maturity
Forward Exchange Contracts:
Cash flow hedges		$2,666.9	0.5		$2,489.1	0.4
Net investment hedges	448.2		1.4	457.5		1.7
Not designated	808.6		1.3	1,736.1		0.8
Total Forward Exchange Contracts		$3,923.7	0.8		$4,682.7	0.7

The following table summarizes our outstanding interest rate management contracts and cross currency interest rate swaps:

	31 December 2018							30 September 2018
	US$ Notional		Average Pay %		Average Receive %		Years Average Maturity	US$ Notional		Average Pay %		Average Receive %		Years Average Maturity
Interest rate swaps (fair value hedge)		$600.0	LIBOR		2.60	%	1.4		$600.0	LIBOR		2.60	%	1.6
Cross currency interest rate swaps (net investment hedge)		$265.4	4.63	%	3.10	%	3.3		$201.7	4.42	%	2.97	%	3.1
Cross currency interest rate swaps (cash flow hedge)		$1,048.6	4.99	%	2.90	%	2.2		$1,052.7	4.99	%	2.89	%	2.3
Cross currency interest rate swaps (not designated)		$16.5	3.33	%	3.15	%	0.2		$80.2	4.88	%	3.43	%	3.9

Fair Value of Derivative Instruments

The table below summarizes the fair value and balance sheet location of our outstanding derivatives:

	Balance Sheet Location	31 December 2018		30 September 2018		Balance Sheet Location	31 December 2018		30 September 2018
Derivatives Designated as Hedging Instruments:
Forward exchange contracts	Other receivables		$34.7		$24.9	Accrued liabilities		$27.9		$37.0
Interest rate management contracts	Other receivables	23.0		24.3		Accrued liabilities	1.3		2.3
Forward exchange contracts	Other noncurrent assets	25.7		19.8		Other noncurrent liabilities	1.9		4.6
Interest rate management contracts	Other noncurrent assets	39.1		48.7		Other noncurrent liabilities	9.1		11.6
Total Derivatives Designated as Hedging Instruments			$122.5		$117.7			$40.2		$55.5
Derivatives Not Designated as Hedging Instruments:
Forward exchange contracts	Other receivables		$.9		$7.9	Accrued liabilities		$1.1		$14.9
Interest rate management contracts	Other receivables	3.6		4.0		Accrued liabilities	—		—
Forward exchange contracts	Other noncurrent assets	21.4		16.2		Other noncurrent liabilities	28.9		23.7
Interest rate management contracts	Other noncurrent assets	—		.3		Other noncurrent liabilities	—		—
Total Derivatives Not Designated as Hedging Instruments			$25.9		$28.4			$30.0		$38.6
Total Derivatives			$148.4		$146.1			$70.2		$94.1

Schedule of Gains and Losses Related to Derivative Instruments

The table below summarizes the gain or loss related to our cash flow hedges, fair value hedges, net investment hedges, and derivatives not designated as hedging instruments:

	Three Months Ended 31 December
	Forward Exchange Contracts						Foreign Currency Debt					Other (A)						Total
	2018			2017			2018		2017			2018			2017			2018			2017
Cash Flow Hedges, net of tax:
Net gain (loss) recognized in OCI (effective portion)		$4.0			$7.5			$—		$—			($14.3	)		($17.0	)		($10.3	)		($9.5	)
Net (gain) loss reclassified from OCI to sales/cost of sales (effective portion)	.5			1.0			—		—			—			—			.5			1.0
Net (gain) loss reclassified from OCI to other income (expense), net (effective portion)	(9.3		)	(17.6		)	—		—			1.8			16.4			(7.5		)	(1.2		)
Net (gain) loss reclassified from OCI to interest expense (effective portion)	3.1			.6			—		—			.7			.6			3.8			1.2
Net (gain) loss reclassified from OCI to other income (expense), net (ineffective portion)	.1			(.2		)	—		—			—			—			.1			(.2		)
Fair Value Hedges:
Net gain (loss) recognized in interest expense(B)		$—			$—			$—		$—			$2.6			($3.2	)		$2.6			($3.2	)
Net Investment Hedges, net of tax:
Net gain (loss) recognized in OCI		$11.8			($7.5	)		$9.6		($17.3	)		$.6			($11.2	)		$22.0			($36.0	)
Derivatives Not Designated as Hedging Instruments:
Net gain (loss) recognized in other income (expense), net(C)		($.1	)		($1.5	)		$—		$—			$.8			($1.3	)		$.7			($2.8	)

^(A)  Includes the impact on other comprehensive income (OCI) and earnings primarily related to interest rate and cross currency interest rate swaps.

^(B)  The impact of fair value hedges was largely offset by recognized gains and losses resulting from the impact of changes in related interest rates on outstanding debt.

^(C) 

The impact of the non-designated hedges was largely offset by recognized gains and losses resulting from the impact of changes in exchange rates on assets and liabilities denominated in non-functional currencies.