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Derivative Instruments and Hedging Activities (Tables)
 3 Months Ended
Dec. 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, as well as the effects of offsetting, as of December 31, 2015 and 2014:
 
 
December 31,
2015
 
December 31,
2014
Derivative assets:
 
 
 
 
Derivatives designated as hedging instruments:
 
 
 
 
Foreign currency contracts
 
$
25.4

 
$
18.7

Cross-currency contracts
 
1.9

 
4.3

Interest rate contracts
 
0.6

 
0.1

 
 
27.9

 
23.1

Derivatives subject to PGC and DS mechanisms:
 
 
 
 
Commodity contracts
 
0.2

 
0.2

Derivatives not designated as hedging instruments:
 
 
 
 
Commodity contracts
 
30.3

 
40.0

Total derivative assets - gross
 
58.4

 
63.3

Gross amounts offset in the balance sheet
 
(15.6
)
 
(27.5
)
Total derivative assets - net
 
$
42.8

 
$
35.8

Derivative liabilities:
 
 
 
 
Derivatives designated as hedging instruments:
 
 
 
 
Interest rate contracts
 
$
(9.8
)
 
$
(17.0
)
Derivatives subject to PGC and DS mechanisms:
 
 
 
 
Commodity contracts
 
(6.3
)
 
(9.4
)
Derivatives not designated as hedging instruments:
 
 
 
 
Commodity contracts
 
(161.7
)
 
(288.5
)
Total derivative liabilities - gross
 
(177.8
)
 
(314.9
)
Gross amounts offset in the balance sheet
 
15.6

 
27.5

Cash collateral pledged
 
5.5

 
90.5

Total derivative liabilities - net
 
$
(156.7
)
 
$
(196.9
)
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 months ended December 31, 2015 and 2014:
 
 
Gain (Loss)
Recognized in
AOCI
 
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 December 31,
 
2015
 
2014
 
2015
 
2014
 
Cash Flow Hedges:
 
 
 
 
 
 
 
 
 
 
Commodity contracts
 
$
—

 
$
—

 
$
—

 
$
(2.4
)
 
Cost of sales
Foreign currency contracts
 
5.4

 
8.7

 
9.1

 
2.7

 
Cost of sales
Cross-currency contracts
 
—

 
2.1

 
—

 
—

 
Interest expense/other operating income, net
Interest rate contracts
 
5.6

 
0.8

 
(0.6
)
 
(3.9
)
 
Interest expense
Total
 
$
11.0

 
$
11.6

 
$
8.5

 
$
(3.6
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Gain (Loss)
Recognized in Income
 
Location of Gain (Loss)
Recognized in Income
 
 
Three Months Ended December 31,
 
2015
 
2014
 
 
 
Derivatives Not Designated as Hedging Instruments:
 
 
 
 
 
 
 
 
 
 
Commodity contracts
 
$
(46.2
)
 
$
(292.5
)
 
Cost of sales
 
 
Commodity contracts
 
1.6

 
3.8

 
Revenues
 
 
Commodity contracts
 
(0.1
)
 
(0.5
)
 
Operating expenses/other
operating income, net
 
 
Total
 
$
(44.7
)
 
$
(289.2
)