FINANCIAL DERIVATIVES

9 Months Ended

Jun. 30, 2014

FINANCIAL DERIVATIVES

Derivative Instruments and Hedging Activities Disclosure

9.  DERIVATIVE INSTRUMENTS

FOREIGN CURRENCY HEDGING

The notional amount of foreign currency contracts hedging our exposure related to monetary assets and liabilities denominated in nonfunctional currency totaled $54.9 million at June 30, 2014 and $91.9 million at September 30, 2013.

PRESENTATION OF DERIVATIVE AMOUNTS

Except for counterpart netting of interest receivable and payable related to our interest rate swaps, all derivatives are recorded on a gross basis.

Balance Sheet Location and Fair Value	June 30, 2014					September 30, 2013
	Assets			Liabilities		Assets			Liabilities
Non-designated Hedges: Foreign Currency Contracts
Other assets and deferred costs (current)	$	0.1		$	-	$	0.5		$	-
Other accrued liabilities		-			1.6		-			1.1
Designated Hedges: Interest Rate Swaps
Other assets and deferred costs (noncurrent)		64.8			-		66.5			-
Long-term debt		-			67.1		-			71.1
Gross Derivatives		64.9			68.7		67.0			72.2
Counter-party Netting: Swaps Interest Receivable and Payable
Accounts receivable
Due from counter-party		2.0			-		15.6			-
Due to counter-party		(1.1	)		-		(8.0	)		-
Net Derivatives	$	65.8		$	68.7	$	74.6		$	72.2

Income Statement Location and Income (expense)

	Third Quarters						Nine Months
Periods Ended June 30,	2014			2013			2014			2013
Non-designated Hedges: Foreign Currency Contracts
Other income (expense)	$	(0.6	)	$	2.5		$	(0.8	)	$	2.6
Designated Hedges: Interest Rate Swaps
Effectiveness - Interest expense	$	6.7		$	7.6		$	20.3		$	19.2
Ineffectiveness - Other income (expense)		2.0			(2.6	)		2.3			(3.1	)