Financial Instruments (Tables)

12 Months Ended

Sep. 30, 2019

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:

	30 September 2019			30 September 2018
	US$ Notional		Years Average Maturity	US$ Notional		Years Average Maturity
Forward Exchange Contracts
Cash flow hedges		$2,418.2	0.5		$2,489.1	0.4
Net investment hedges	830.8		0.9	457.5		1.7
Not designated	1,053.5		0.6	1,736.1		0.8
Total Forward Exchange Contracts		$4,302.5	0.6		$4,682.7	0.7

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

	30 September 2019							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)		$200.0	LIBOR		2.76	%	2.1		$600.0	LIBOR		2.60	%	1.6
Cross currency interest rate swaps (net investment hedge)		$216.8	4.80	%	3.31	%	3.5		$201.7	4.42	%	2.97	%	3.1
Cross currency interest rate swaps (cash flow hedge)		$1,129.3	4.92	%	3.04	%	2.3		$1,052.7	4.99	%	2.89	%	2.3
Cross currency interest rate swaps (not designated)		$6.1	2.55	%	3.72	%	4.5		$80.2	4.88	%	3.43	%	3.9

Schedule of Fair Value of Derivative Instruments

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

	Balance Sheet	30 September				Balance Sheet	30 September
	Location	2019		2018		Location	2019		2018
Derivatives Designated as Hedging Instruments:
Forward exchange contracts	Other receivables		$79.0		$24.9	Accrued liabilities		$53.8		$37.0
Interest rate management contracts	Other receivables	24.8		24.3		Accrued liabilities	1.1		2.3
Forward exchange contracts	Other noncurrent assets	11.9		19.8		Other noncurrent  liabilities	.7		4.6
Interest rate management contracts	Other noncurrent assets	60.9		48.7		Other noncurrent liabilities	.7		11.6
Total Derivatives Designated as Hedging Instruments			$176.6		$117.7			$56.3		$55.5
Derivatives Not Designated as Hedging Instruments:
Forward exchange contracts	Other receivables	38.7		7.9		Accrued liabilities		$36.3		$14.9
Interest rate management contracts	Other receivables	—		4.0		Accrued liabilities	—		—
Forward exchange contracts	Other noncurrent assets	8.4		16.2		Other noncurrent liabilities	19.8		23.7
Interest rate management contracts	Other noncurrent assets	.5		.3		Other noncurrent liabilities	—		—
Total Derivatives Not Designated as Hedging Instruments			$47.6		$28.4			$56.1		$38.6
Total Derivatives			$224.2		$146.1			$112.4		$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:

	Year Ended 30 September
	Forward Exchange Contracts						Foreign Currency Debt				Other(A)						Total
	2019			2018			2019		2018		2019			2018			2019			2018
Cash Flow Hedges, net of tax:
Net gain (loss) recognized in OCI (effective portion)		($35.7	)		$2.4			$—		$—		($8.4	)		$43.5			($44.1	)		$45.9
Net (gain) loss reclassified from OCI to sales/cost of sales (effective portion)	.6			7.1			—		—		—			—			.6			7.1
Net (gain) loss reclassified from OCI to other income (expense), net (effective portion)	21.8			(7.8		)	—		—		(24.7		)	(33.8		)	(2.9		)	(41.6		)
Net (gain) loss reclassified from OCI to interest expense (effective portion)	12.1			1.2			—		—		2.6			3.9			14.7			5.1
Net (gain) loss reclassified from OCI to other income (expense), net (ineffective portion)	—			(.5		)	—		—		(.1		)	(.5		)	(.1		)	(1.0		)
Fair Value Hedges:
Net gain (loss) recognized in interest expense(B)		$—			$—			$—		$—		$4.3			($10.1	)		$4.3			($10.1	)
Net Investment Hedges, net of tax:
Net gain (loss) recognized in OCI		$39.1			($.6	)		$49.6		$10.2		$9.8			$11.0			$98.5			$20.6
Derivatives Not Designated as Hedging Instruments:
Net gain (loss) recognized in other income (expense), net(C)		($1.3	)		($4.0	)		$—		$—		$2.0			($.8	)		$.7			($4.8	)

^(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.