Financial Instruments (Table)

3 Months Ended

Dec. 31, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivatives

As of December 31, 2020, we had the following forward starting interest rate swaps to effectively fix the Treasury yield component which we designated as cash flow hedges at the time the agreements were executed:

Planned Debt Issuance Date	Amount Hedged		Interest Rate
Fiscal 2022	$	450,000	1.33	%
Fiscal 2023	300,000		1.36	%
Fiscal 2025	300,000		1.35	%
	$	1,050,000

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

The following tables present the fair value and balance sheet classification of our financial instruments as of December 31, 2020 and September 30, 2020. The gross amounts of recognized assets and liabilities are netted within our unaudited condensed consolidated balance sheets to the extent that we have netting arrangements with our counterparties. However, for December 31, 2020 and September 30, 2020, no gross amounts and no cash collateral were netted within our consolidated balance sheet.

	Balance Sheet Location	Assets		Liabilities
		(In thousands)
December 31, 2020
Designated As Hedges:
Interest rate contracts	Other current assets / Other current liabilities	$	56,484	$	—
Interest rate contracts	Deferred charges and other assets / Deferred credits and other liabilities	92,678		—
Total		149,162		—
Not Designated As Hedges:
Commodity contracts	Other current assets / Other current liabilities	993		(1,843)
Commodity contracts	Deferred charges and other assets / Deferred credits and other liabilities	243		—
Total		1,236		(1,843)
Gross / Net Financial Instruments		$	150,398	$	(1,843)

	Balance Sheet Location	Assets		Liabilities
		(In thousands)
September 30, 2020
Designated As Hedges:
Interest rate contracts	Deferred charges and other assets / Deferred credits and other liabilities	$	73,055	$	—
Total		73,055		—
Not Designated As Hedges:
Commodity contracts	Other current assets / Other current liabilities	5,687		(2,015)
Commodity contracts	Deferred charges and other assets / Deferred credits and other liabilities	1,936		—
Total		7,623		(2,015)
Gross / Net Financial Instruments		$	80,678	$	(2,015)

Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)

The following table summarizes the gains and losses arising from hedging transactions that were recognized as a component of other comprehensive income (loss), net of taxes, for the three months ended December 31, 2020 and 2019. The amounts included in the table below exclude gains and losses arising from ineffectiveness because those amounts are immediately recognized in the statement of comprehensive income as incurred.

	Three Months Ended December 31
	2020		2019
	(In thousands)
Increase in fair value:
Interest rate agreements	$	59,042	$	—
Recognition of losses in earnings due to settlements:
Interest rate agreements	1,142		1,053
Total other comprehensive income (loss) from hedging, net of tax	$	60,184	$	1,053

Schedule Of Expected Deferred Gains (Losses) Recognition

However, the table below does not include the expected recognition in earnings of our outstanding interest rate swaps as those instruments have not yet settled.

	Interest Rate Agreements
	(In thousands)
Next twelve months	$	(4,566)
Thereafter	(108,794)
Total	$	(113,360)