Derivative Instruments and Fair Value Measurement (Tables)

6 Months Ended

Mar. 31, 2014

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Assets and liabilities measured at fair value on a recurring basis

Assets and liabilities measured at fair value on a recurring basis and their location in our Condensed Consolidated Balance Sheet were (in millions):

		Fair Value (Level 2)
Derivatives Designated as Hedging Instruments	Balance Sheet Location	March 31, 2014			September 30, 2013
Forward exchange contracts	Other current assets	$	7.3		$	4.8
Forward exchange contracts	Other assets	0.4			0.2
Forward exchange contracts	Other current liabilities	(10.5		)	(8.3		)
Forward exchange contracts	Other liabilities	(2.0		)	(1.6		)
Total		$	(4.8	)	$	(4.9	)

		Fair Value (Level 2)
Derivatives Not Designated as Hedging Instruments	Balance Sheet Location	March 31, 2014			September 30, 2013
Forward exchange contracts	Other current assets	$	8.5		$	4.9
Forward exchange contracts	Other assets	—			0.7
Forward exchange contracts	Other current liabilities	(2.5		)	(1.8		)
Total		$	6.0		$	3.8

Pre-tax gains (losses) recorded in other comprehensive income related to hedges

The pre-tax amount of (losses) gains recorded in other comprehensive income (loss) related to hedges that would have been recorded in the Condensed Consolidated Statement of Operations had they not been so designated was (in millions):

	Three Months Ended March 31,					Six Months Ended March 31,
	2014			2013		2014			2013
Forward exchange contracts (cash flow hedges)	$	(0.7	)	$	8.1	$	0.9		$	7.4
Foreign currency denominated debt (net investment hedges)	(0.2		)	0.6		(0.5		)	0.5
Total	$	(0.9	)	$	8.7	$	0.4		$	7.9

Pre-tax amount of (losses) gains reclassified from accumulated other comprehensive loss related to derivative forward exchange contracts designated as cash flow hedges

The pre-tax amount of gains (losses) reclassified from accumulated other comprehensive loss into the Condensed Consolidated Statement of Operations related to derivative forward exchange contracts designated as cash flow hedges, which offset the related (losses) gains on the hedged items during the periods presented, was:

	Three Months Ended March 31,						Six Months Ended March 31,
	2014			2013			2014			2013
Sales	$	(0.8	)	$	0.9		$	(1.0	)	$	0.5
Cost of sales	1.7			(1.0		)	2.4			0.2
Total	$	0.9		$	(0.1	)	$	1.4		$	0.7

Pre-tax gains (losses) recognized in the Condensed Consolidated Statement of Operations related to forward exchange contracts not designated as hedging instruments

The pre-tax amount of gains (losses) from forward exchange contracts not designated as hedging instruments recognized in the Condensed Consolidated Statement of Operations during the periods presented was:

	Three Months Ended March 31,					Six Months Ended March 31,
	2014		2013			2014		2013
Other income	$	2.6	$	(3.9	)	$	6.5	$	(3.6	)

Summary of the carrying value and fair value of financial instruments

The following table presents the carrying amounts and estimated fair values of financial instruments not measured at fair value in the Condensed Consolidated Balance Sheet (in millions):

	March 31, 2014
			Fair Value
	Carrying Amount		Total		Level 1		Level 2		Level 3
Cash and cash equivalents	$	1,239.8	$	1,239.8	$	1,112.4	$	127.4	$	—
Short-term investments	485.8		485.8		—		485.8		—
Short-term debt	342.5		342.5		—		342.5		—
Long-term debt	905.4		1,095.8		—		1,095.8		—

	September 30, 2013
			Fair Value
	Carrying Amount		Total		Level 1		Level 2		Level 3
Cash and cash equivalents	$	1,200.9	$	1,200.9	$	1,079.0	$	121.9	$	—
Short-term investments	372.7		372.7		—		372.7		—
Short-term debt	179.0		179.0		—		179.0		—
Long-term debt	905.1		1,072.2		—		1,072.2		—