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Guarantee Arrangements (Tables)
6 Months Ended
Mar. 31, 2021
Guarantees [Abstract]  
Schedule of Provision for Losses on Customer Guarantees

Changes in the Company’s guarantee liabilities were as follows (in millions):

 

 

 

Three Months Ended

March 31,

 

 

Six Months Ended

March 31,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Balance at beginning of period

 

$

14.7

 

 

$

16.0

 

 

$

15.5

 

 

$

15.8

 

Adoption of ASC 326

 

 

 

 

 

 

 

 

(0.6

)

 

 

 

Provision for new credit guarantees

 

 

0.4

 

 

 

1.7

 

 

 

0.9

 

 

 

3.2

 

Changes for pre-existing guarantees, net

 

 

(0.4

)

 

 

1.4

 

 

 

(0.2

)

 

 

1.4

 

Amortization of previous guarantees

 

 

(0.9

)

 

 

(2.8

)

 

 

(1.9

)

 

 

(4.2

)

Foreign currency translation

 

 

 

 

 

(0.1

)

 

 

0.1

 

 

 

 

Balance at end of period

 

$

13.8

 

 

$

16.2

 

 

$

13.8

 

 

$

16.2