Derivative Instruments and Hedging Activities (Tables)

6 Months Ended

Mar. 31, 2015

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Balance Sheet Location and Fair Value of Derivative Assets and Liabilities

The following table presents the Company’s derivative assets and liabilities on a gross basis as of March 31, 2015 and 2014:

	March 31, 2015			March 31, 2014 (a)
Derivative assets:
Derivatives designated as hedging instruments:
Commodity contracts	$	—		$	10.9
Foreign currency contracts	35.8			0.1
Cross-currency contracts	9.7			—
Interest rate contracts	0.1			—
	45.6			11.0
Derivatives subject to utility rate regulation:
Commodity contracts	—			3.5
Derivatives not designated as hedging instruments:
Commodity contracts	22.2			17.1
Total derivative assets	$	67.8		$	31.6
Derivative liabilities:
Derivatives designated as hedging instruments:
Commodity contracts	$	—		$	(1.1	)
Foreign currency contracts	—			(5.6		)
Cross-currency contracts	—			(2.2		)
Interest rate contracts	(12.5		)	(27.8		)
	(12.5		)	(36.7		)
Derivatives subject to utility rate regulation:
Commodity contracts	(5.2		)	(0.7		)
Derivatives not designated as hedging instruments:
Commodity contracts	(163.1		)	(27.9		)
Total derivative liabilities	$	(180.8	)	$	(65.3	)

(a) Certain immaterial amounts have been revised to correct the classification of derivatives.

Derivative Assets and Liabilities and the Effects of Offsetting

The following table presents the Company’s derivative assets and liabilities, as well as the effects of offsetting, as of March 31, 2015 and 2014:

	Gross Amounts Recognized			Gross Amounts Offset in Balance Sheet			Net Amounts Recognized			Cash Collateral (Received) Pledged		Net Amounts Recognized in Balance Sheet
March 31, 2015
Derivative assets	$	67.8		$	(13.8	)	$	54.0		$	—	$	54.0
Derivative liabilities	$	(180.8	)	$	13.8		$	(167.0	)	$	3.7	$	(163.3	)
March 31, 2014
Derivative assets	$	31.6		$	(8.6	)	$	23.0		$	—	$	23.0
Derivative liabilities	$	(65.3	)	$	8.6		$	(56.7	)	$	—	$	(56.7	)

Effects of Derivative Instruments on the Condensed Consolidated Statements of Income and Changes in AOCI and Noncontrolling Interest

The following tables provide information on the effects of derivative instruments in the Condensed Consolidated Statements of Income and changes in AOCI and noncontrolling interests for the three and six months ended March 31, 2015 and 2014:

	Gain (Loss) Recognized in AOCI and Noncontrolling Interests						Gain (Loss) Reclassified from AOCI and Noncontrolling Interests into Income						Location of Gain (Loss) Reclassified from AOCI and Noncontrolling Interests into Income
Three Months Ended March 31,	2015			2014			2015			2014
Cash Flow Hedges:
Commodity contracts	$	—		$	7.8		$	0.1		$	39.9		Cost of sales
Foreign currency contracts	23.7			(0.2		)	6.5			(1.4		)	Cost of sales
Cross-currency contracts	5.4			0.1			(0.1		)	0.2			Interest expense
Interest rate contracts	1.6			(1.8		)	(3.5		)	(4.0		)	Interest expense
Total	$	30.7		$	5.9		$	3.0		$	34.7
	Gain (Loss) Recognized in Income						Location of Gain (Loss) Recognized in Income
Three Months Ended March 31,	2015			2014
Derivatives Not Designated as Hedging Instruments:
Commodity contracts	$	(12.3	)	$	(22.2	)	Cost of sales
Commodity contracts	(4.6		)	—			Revenues
Commodity contracts	—			—			Operating expenses / other operating income, net
Total	$	(16.9	)	$	(22.2	)
	Gain (Loss) Recognized in AOCI and Noncontrolling Interests						Gain (Loss) Reclassified from AOCI and Noncontrolling Interests into Income						Location of Gain (Loss) Reclassified from AOCI and Noncontrolling Interests into Income
Six Months Ended March 31,	2015			2014			2015			2014
Cash Flow Hedges:
Commodity contracts	$	—		$	61.2		$	(2.3	)	$	62.2		Cost of sales
Foreign currency contracts	32.4			(2.7		)	9.2			(3.5		)	Cost of sales
Cross-currency contracts	7.5			(1.1		)	(0.1		)	(0.1		)	Interest expense
Interest rate contracts	2.4			(3.5		)	(7.4		)	(8.1		)	Interest expense
Total	$	42.3		$	53.9		$	(0.6	)	$	50.5
	Gain (Loss) Recognized in Income						Location of Gain (Loss) Recognized in Income
Six Months Ended March 31,	2015			2014
Derivatives Not Designated as Hedging Instruments:
Commodity contracts	$	(304.8	)	$	(9.4	)	Cost of sales
Commodity contracts	(0.8		)	—			Revenues
Commodity contracts	(0.5		)	0.1			Operating expenses / other operating income, net
Total	$	(306.1	)	$	(9.3	)