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Shareowners' Equity
 12 Months Ended
Sep. 30, 2017
Equity [Abstract]  
Shareowners' Equity
Shareowners’ Equity
Common Stock
At September 30, 2017, the authorized stock of the Company consisted of one billion shares of common stock, par value $1.00 per share, and 25 million shares of preferred stock, without par value. At September 30, 2017, 10.8 million shares of authorized common stock were reserved for various incentive plans.
Changes in outstanding common shares are summarized as follows (in millions):
 
 
2017
 
2016
 
2015
Beginning balance
 
128.5

 
132.4

 
136.7

Treasury stock purchases
 
(2.3
)
 
(4.6
)
 
(5.4
)
Shares delivered under incentive plans
 
2.2

 
0.7

 
1.1

Ending balance
 
128.4

 
128.5

 
132.4


At September 30, 2017 there were no outstanding common stock share repurchases recorded in accounts payable. At September 30, 2016 there were $5.3 million of outstanding common stock share repurchases recorded in accounts payable that did not settle until 2017.
Accumulated Other Comprehensive Loss
Changes in accumulated other comprehensive loss by component for the years ended September 30, 2017, 2016 and 2015 were (in millions):
 
 
Pension and other postretirement benefit plan adjustments, net of tax (Note 12)
 
Accumulated currency translation adjustments, net of tax
 
Net unrealized gains (losses) on cash flow hedges, net of tax
 
Net unrealized gains (losses) on available-for-sale investments, net of tax
 
Total accumulated other comprehensive loss, net of tax
Balance as of September 30, 2014
 
$
(909.4
)
 
$
(52.5
)
 
$
13.9

 
$
—

 
$
(948.0
)
Other comprehensive (loss) income before reclassifications
 
(257.3
)
 
(199.9
)
 
36.7

 
—

 
(420.5
)
Amounts reclassified from accumulated other comprehensive loss
 
69.6

 
—

 
(35.7
)
 
—

 
33.9

Other comprehensive (loss) income
 
(187.7
)
 
(199.9
)
 
1.0

 
—

 
(386.6
)
Balance as of September 30, 2015
 
$
(1,097.1
)
 
$
(252.4
)
 
$
14.9

 
$
—

 
$
(1,334.6
)
Other comprehensive (loss) income before reclassifications
 
(216.5
)
 
(42.5
)
 
(3.6
)
 
—

 
(262.6
)
Amounts reclassified from accumulated other comprehensive loss
 
73.8

 
—

 
(15.4
)
 
—

 
58.4

Other comprehensive (loss) income
 
(142.7
)
 
(42.5
)
 
(19.0
)
 
—

 
(204.2
)
Balance as of September 30, 2016
 
$
(1,239.8
)
 
$
(294.9
)
 
$
(4.1
)
 
$
—

 
$
(1,538.8
)
Other comprehensive income (loss) before reclassifications
 
215.2

 
57.2

 
(12.3
)
 
(0.1
)
 
260.0

Amounts reclassified from accumulated other comprehensive loss
 
97.6

 
—

 
2.0

 
—

 
99.6

Other comprehensive income (loss)
 
$
312.8

 
$
57.2

 
$
(10.3
)
 
$
(0.1
)
 
$
359.6

Balance as of September 30, 2017
 
$
(927.0
)
 
$
(237.7
)
 
$
(14.4
)
 
$
(0.1
)
 
$
(1,179.2
)

The reclassifications out of accumulated other comprehensive loss to the Consolidated Statement of Operations for the years ended September 30, 2017, 2016 and 2015 were (in millions):
 
Year Ended September 30,
 
Affected Line in the Consolidated Statement of Operations
 
2017
 
2016
 
2015
 
 
Pension and other postretirement benefit plan adjustments:
 
 
 
 
 
 
 
Amortization of prior service credit
$
(9.8
)
 
$
(14.0
)
 
$
(17.2
)
 
(a)
Amortization of net actuarial loss
155.2

 
126.8

 
123.2

 
(a)
Settlements
2.8

 
—

 
—

 
(a)
 
148.2

 
112.8

 
106.0

 
Income before income taxes
 
(50.6
)
 
(39.0
)
 
(36.4
)
 
Income tax provision
 
$
97.6

 
$
73.8

 
$
69.6

 
Net income
 
 
 
 
 
 
 
 
Net unrealized (gains) losses on cash flow hedges:
 
 
 
 
 
 
 
Forward exchange contracts
$
(0.3
)
 
$
5.5

 
$
8.4

 
Sales
Forward exchange contracts
2.8

 
(25.5
)
 
(44.6
)
 
Cost of sales
Forward exchange contracts
0.5

 
0.9

 
—

 
Selling, general and administrative expenses
 
3.0

 
(19.1
)
 
(36.2
)
 
Income before income taxes
 
(1.0
)
 
3.7

 
0.5

 
Income tax provision
 
$
2.0

 
$
(15.4
)
 
$
(35.7
)
 
Net income
 
 
 
 
 
 
 
 
Total reclassifications
$
99.6

 
$
58.4

 
$
33.9

 
Net income
(a) Reclassified from accumulated other comprehensive loss into cost of sales and selling, general and administrative expenses. These components are included in the computation of net periodic benefit costs. See Note 12 for further information.