Leases (Tables)

12 Months Ended

Sep. 30, 2020

Leases [Abstract]

Schedule of Operating Leases

Amounts associated with operating leases and their presentation on our consolidated balance sheets as of our most recent balance sheet date and our adoption date are as follows:

	30 September 2020	1 October 2019
Operating lease ROU asset
Other noncurrent assets	$376.8	$332.3
Operating lease liabilities
Payables and accrued liabilities	70.7	68.6
Other noncurrent liabilities	335.8	306.7
Total Operating Lease Liabilities	$406.5	$375.3

The difference between the ROU assets and lease liabilities recorded upon adoption primarily relate to the land lease associated with our former Energy-from-Waste business in which an ROU asset was not recognized.

	30 September 2020
Weighted-average remaining lease term (in years)(A)	15.7
Weighted-average discount rate(B)	2.1 %

(A)Calculated on the basis of the remaining lease term and the lease liability balance for each lease as of the reporting date.

(B)Calculated on the basis of the discount rate used to calculate the lease liability for each lease and the remaining balance of the lease payments for each lease as of the reporting date.

Schedule of Maturity Analysis of Lease Liabilities

At 30 September 2020, the maturity analysis of lease liabilities, showing the undiscounted cash flows, were as follows:

	Operating Leases
2021	$78.5
2022	55.7
2023	46.5
2024	37.5
2025	30.5
Thereafter	226.0
Total Undiscounted Lease Payments	474.7
Imputed interest	(68.2)
Present Value of Lease Liability Recognized on the Balance Sheet	$406.5

Schedule of Minimum Payments Due Under Leases at Prior Year End

As previously disclosed in our 2019 Form 10-K, at 30 September 2019, prior to our adoption of the new lease guidance, our rent expense under operating leases, including month-to-month agreements was $87.0 and $82.7 in fiscal years 2019 and 2018, respectively. In addition, minimum payments due under leases were as follows:

	Operating Leases
2020	$75.1
2021	62.6
2022	44.4
2023	35.9
2024	28.6
Thereafter	171.4
Total Undiscounted Lease Payments	$418.0

Schedule of Lease Receivables

At 30 September 2020, minimum lease payments expected to be collected, which reconciles to lease receivables, net, were as follows:

2021	$153.9
2022	147.0
2023	142.5
2024	136.2
2025	130.7
Thereafter	608.5
Total	1,318.8
Unearned interest income	(415.8)
Lease Receivables, net	$903.0

Schedule of Minimum Lease Payments to be Collected for Lessor at Prior Year End

As previously disclosed in our 2019 Form 10-K, at 30 September 2019, prior to our adoption of the new lease guidance, minimum lease payments expected to be collected were as follows:

2020	$162.5
2021	156.9
2022	145.7
2023	139.4
2024	133.2
Thereafter	715.5
Total	1,453.2
Unearned interest income	(472.3)
Lease Receivables, net	$980.9