Debt

12 Months Ended

Sep. 30, 2015

Debt Disclosure [Abstract]

Debt Disclosure [Text Block]

15.  Debt

The tables below summarize our outstanding debt at 30 September 2015and 2014:

Total Debt
30 September		2015		2014
Short-term borrowings	$	1,494.3	$	1,228.7
Current portion of long-term debt		435.6		65.3
Long-term debt		3,949.1		4,824.5
Total Debt	$	5,879.0	$	6,118.5
Short-term Borrowings
30 September		2015		2014
Bank obligations	$	234.3	$	320.7
Commercial paper		1,260.0		908.0
Total Short-term Borrowings	$	1,494.3	$	1,228.7

The weighted average interest rate of short-term borrowings outstanding at 30 September 2015 and 2014 was .8% and 1.5%, respectively.

Cash paid for interest, net of amounts capitalized, was $97.5 in 2015, $132.4 in 2014, and $136.1 in 2013.

Long-term Debt
30 September		Fiscal Year Maturities		2015		2014
Payable in U.S. Dollars
	Debentures
	8.75%	2021	$	18.4	$	18.4
	Medium-term Notes (weighted average rate)
	Series D 7.3%	2016		32.1		32.1
	Series E 7.6%	2026		17.2		17.2
	Senior Notes
	Note 2.0%	2016		350.0		350.0
	Note 1.2%	2018		400.0		400.0
	Note 4.375%	2019		400.0		400.0
	Note 3.0%	2022		400.0		400.0
	Note 2.75%	2023		400.0		400.0
	Note 3.35%	2024		400.0		400.0
	Other (weighted average rate)
	Variable-rate industrial revenue bonds .01%	2035 to 2050		769.9		917.1
	Other 2.4%	2015 to 2020		35.0		25.3
Payable in Other Currencies
	Eurobonds 3.875%	2015		-		378.9
	Eurobonds 4.625%	2017		335.2		378.9
	Eurobonds 2.0%	2020		335.2		378.9
	Eurobonds 1.0%	2025		335.2		-
	CLP Series E bonds 6.3%	2030		-		143.1
	Other 6.6%	2016 to 2022		161.0		253.1
Capital Lease Obligations
	United States 5.0%	2018		.7		1.0
	Foreign 7.7%	2017 to 2021		1.1		1.5
Less: Unamortized Discount				(6.3)		(5.7)
Total Long-term Debt				4,384.7		4,889.8
Less: Current portion of long-term debt				(435.6)		(65.3)
Long-term Debt			$	3,949.1	$	4,824.5

Maturities of long-term debt in each of the next five years and beyond are as follows:
2016	$	435.6
2017		373.2
2018		427.8
2019		415.5
2020		360.7
Thereafter		2,371.9
Total	$	4,384.7

Various debt agreements to which we are a party also include financial covenants and other restrictions, including restrictions pertaining to the ability to create property liens and enter into certain sale and leaseback transactions. As of 30 September 2015, we are in compliance with all the financial and other covenants under our debt agreements.

We have entered into a five-yearrevolving credit agreement maturing 30 April 2018 with a syndicate of banks (the “2013 Credit Agreement”), under which senior unsecured debt is available to both the Company and certain of its subsidiaries.There have been subsequent amendments to the 2013 Credit Agreement, and as of 30 September 2015, the maximum borrowing capacity was$2,690.0.The 2013 Credit Agreement provides a source of liquidity for the Company and supports its commercial paper program. The Company’s only financial covenant is a maximum ratio of total debt to total capitalization no greater than 70%.No borrowings were outstanding under the 2013 Credit Agreement as of 30 September 2015.

In September 2015, we made a payment of $146.6 to redeem 3,000,000Unidades de Fomento (“UF”) Series E 6.30% Bonds due 22 January 2030 that had a carrying value of $130.0 and resulted in a net loss of $16.6 ($14.2 after-tax, or $.07 per share). The loss is reflected on the consolidated income statements as “Loss on early retirement of debt.”

On 12 February 2015, we issued a 1.0% Eurobond for €300 million ($335.3) that matures on 12 February 2025. The proceeds were used to repay a 3.875% Eurobond of €300 million ($335.9) that matured on 10 March 2015.

Additional commitments totaling $119.4 are maintained by our foreign subsidiaries, of which $110.6 was borrowed and outstanding at 30 September 2015.