Financial Instruments (Table)

9 Months Ended

Jun. 30, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivatives

The following table summarizes our existing forward starting interest rate swaps as of June 30, 2021:

Planned Debt Issuance Date	Amount Hedged		Effective Interest Rate
	(In thousands)
Fiscal 2022	$	600,000	1.53	%
Fiscal 2023	400,000		1.56	%
Fiscal 2024	75,000		2.19	%
Fiscal 2025	400,000		1.56	%
Fiscal 2026	100,000		2.21	%
	$	1,575,000

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 June 30, 2021 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 June 30, 2021 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)
June 30, 2021
Designated As Hedges:
Interest rate contracts	Other current assets / Other current liabilities	$	89,260	$	(2,902)
Interest rate contracts	Deferred charges and other assets / Deferred credits and other liabilities	136,242		(574)
Total		225,502		(3,476)
Not Designated As Hedges:
Commodity contracts	Other current assets / Other current liabilities	12,024		(1,926)
Commodity contracts	Deferred charges and other assets / Deferred credits and other liabilities	1,393		—
Total		13,417		(1,926)
Gross / Net Financial Instruments		$	238,919	$	(5,402)

	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 and nine months ended June 30, 2021 and 2020. 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 June 30				Nine Months Ended June 30
	2021		2020		2021		2020
	(In thousands)
Increase (decrease) in fair value:
Interest rate agreements	$	(80,338)	$	(4,932)	$	115,568	$	(4,932)
Recognition of losses in earnings due to settlements:
Interest rate agreements	1,142		482		3,425		2,588
Total other comprehensive income (loss) from hedging, net of tax	$	(79,196)	$	(4,450)	$	118,993	$	(2,344)

Schedule of Expected Deferred Gains (Losses) Recognition

The following amounts, net of deferred taxes, represent the expected recognition in earnings of the deferred net losses recorded in AOCI associated with our interest rate agreements, based upon the fair values of these agreements at the date of settlement. The remaining amortization periods for these settled amounts extend through fiscal 2049. 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	(106,511)
Total	$	(111,077)