Other Comprehensive Income (Tables)

12 Months Ended

Sep. 30, 2020

Other Comprehensive Income (Loss), Net of Tax [Abstract]


	Year Ended September 30, 2020
	Other comprehensive income (loss)										Accumulated other comprehensive income (loss)
	Prior to reclassification		Reclassification from		Pre-tax		Tax effect		Net of tax		Beginning balance		Net activity		Ending balance 2
Derivative instruments designated as hedges 1:
Currency exchange contracts	$	1.9	$	(2.6)	$	(0.7)	$	0.2	$	(0.5)	$	0.2	$	(0.5)	$	(0.3)
Interest rate swaps	(35.4)		(4.2)		(39.6)		9.1		(30.5)		(5.2)		(30.5)		(35.7)
Cross-currency swaps	(7.2)		—		(7.2)		1.7		(5.5)		12.2		(5.5)		6.7
Derivative instruments designated as hedges total	$	(40.7)	$	(6.8)	$	(47.5)	$	11.0	$	(36.5)	$	7.2	$	(36.5)	$	(29.3)
Foreign currency translation adjustment	34.7		—		34.7		—		34.7		(145.4)		34.7		(110.7)
Change in pension and postretirement defined benefit plans	0.9		4.6		5.5		(1.4)		4.1		(44.3)		4.1		(40.2)
Total	$	(5.1)	$	(2.2)	$	(7.3)	$	9.6	$	2.3	$	(182.5)	$	2.3	$	(180.2)


	Year Ended September 30, 2019
	Other comprehensive income (loss)										Accumulated other comprehensive income (loss)
	Prior to reclassification		Reclassification from		Pre-tax		Tax effect		Net of tax		Beginning balance		Impacts of ASU 2018-02 Adoption as of October 1, 2018		Net activity		Ending balance
Derivative instruments designated as hedges 1:
Currency exchange contracts	$	(0.6)	$	0.6	$	—	$	—	$	—	$	0.2	$	—	$	—	$	0.2
Interest rate swaps	(24.8)		(6.8)		(31.6)		7.3		(24.3)		18.3		0.8		(24.3)		(5.2)
Cross-currency swaps	18.0		—		18.0		(4.1)		13.9		(1.7)		—		13.9		12.2
Derivative instruments designated as hedges total	$	(7.4)	$	(6.2)	$	(13.6)	$	3.2	$	(10.4)	$	16.8	$	0.8	$	(10.4)	$	7.2
Foreign currency translation adjustment	(40.1)		—		(40.1)		—		(40.1)		(105.3)		—		(40.1)		(145.4)
Change in pension and postretirement defined benefit plans	(19.4)		2.0		(17.4)		3.8		(13.6)		(24.5)		(6.2)		(13.6)		(44.3)
Total	$	(66.9)	$	(4.2)	$	(71.1)	$	7.0	$	(64.1)	$	(113.0)	$	(5.4)	$	(64.1)	$	(182.5)


	Year Ended September 30, 2018
	Other comprehensive income (loss)										Accumulated other comprehensive income (loss)
	Prior to reclassification		Reclassification from		Pre-tax		Tax effect		Net of tax		Beginning balance		Net activity		Ending balance
Derivative instruments designated as hedges 1:
Currency exchange contracts	$	0.4	$	0.3	$	0.7	$	(0.1)	$	0.6	$	(0.4)	$	0.6	$	0.2
Interest rate swaps	22.8		(5.3)		17.5		(3.9)		13.6		4.7		13.6		18.3
Cross-currency swaps	(2.2)		—		(2.2)		0.5		(1.7)		—		(1.7)		(1.7)
Derivative instruments designated as hedges total	$	21.0	$	(5.0)	$	16.0	$	(3.5)	$	12.5	$	4.3	$	12.5	$	16.8
Foreign currency translation adjustment	(24.0)		—		(24.0)		—		(24.0)		(81.3)		(24.0)		(105.3)
Change in pension and postretirement defined benefit plans	7.9		3.0		10.9		(2.4)		8.5		(33.0)		8.5		(24.5)
Total	$	4.9	$	(2.0)	$	2.9	$	(5.9)	$	(3.0)	$	(110.0)	$	(3.0)	$	(113.0)
1 See Note 6. Derivative Instruments and Hedging Activity for information regarding our hedging strategies
2 The estimated net amount of gains and losses reported in Accumulated other comprehensive income (loss) related to our derivative instruments designated as hedges as of September 30, 2020 that are expected to be reclassified into earnings within the next 12 months is expense of $7.5 million.

Schedule of Items Reclassified out of AOCL

The following table represents the items reclassified out of Accumulated other comprehensive income (loss) and the related tax effects for the fiscal years ended September 30, 2020, 2019 and 2018:


	Year Ended September 30
	2020						2019						2018
	Amount reclassified		Tax effect		Net of tax		Amount reclassified		Tax effect 4		Net of tax		Amount reclassified		Tax effect		Net of tax
Derivative instruments designated as hedges:
Currency exchange contracts 1	$	(2.6)	$	0.5	$	(2.1)	$	0.6	$	(0.2)	$	0.4	$	0.3	$	—	$	0.3
Interest rate swaps 2	(4.2)		1.0		(3.2)		(6.8)		1.6		(5.2)		(5.3)		1.2		(4.1)
Derivative instruments designated as hedges total	$	(6.8)	$	1.5	$	(5.3)	$	(6.2)	$	1.4	$	(4.8)	$	(5.0)	$	1.2	(3.8)

Change in pension and postretirement defined benefit plans 3	$	4.6	$	(1.4)	$	3.2	$	2.0	$	(2.4)	$	(0.4)	$	3.0	$	(1.0)	$	2.0

1 Reclassified from Accumulated other comprehensive income (loss) into Investment income (expense) and other, net.

2 Reclassified from Accumulated other comprehensive income (loss) into Interest expense.

3 Reclassified from Accumulated other comprehensive income (loss) into Cost of goods sold and Investment income (expense) and other, net. These components are included in the computation of net periodic pension expense.

4 As a result of the adoption of ASU 2018-02, we reclassified $5.4 million from Accumulated other comprehensive income (loss) to Retained earnings.