XML 91 R41.htm IDEA: XBRL DOCUMENT v3.19.3
Shareowners' Equity (Tables)
 12 Months Ended
Sep. 30, 2019
Equity [Abstract]  
Schedule of Stockholders Equity
Changes in outstanding common shares are summarized as follows (in millions):
 
 
2019
 
2018
 
2017
Beginning balance
 
121.0

 
128.4

 
128.5

Treasury stock purchases
 
(6.1
)
 
(8.3
)
 
(2.3
)
Common stock issued (including share based compensation impact)
 
0.8

 
0.9

 
2.2

Ending balance
 
115.7

 
121.0

 
128.4
Schedule of Accumulated Other Comprehensive Income (Loss)
Changes in accumulated other comprehensive loss by component were (in millions):
 
 
Pension and other postretirement benefit plan adjustments, net of tax (Note 13)
 
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, 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
)
Other comprehensive income (loss) before reclassifications
 
188.4

 
(48.3
)
 
8.7

 
(2.1
)
 
146.7

Amounts reclassified from accumulated other comprehensive loss
 
80.5

 
—

 
10.1

 
—

 
90.6

Other comprehensive income (loss)
 
268.9

 
(48.3
)
 
18.8

 
(2.1
)
 
237.3

Balance as of September 30, 2018
 
$
(658.1
)
 
$
(286.0
)
 
$
4.4

 
$
(2.2
)
 
$
(941.9
)
Other comprehensive income (loss) before reclassifications
 
(532.1
)
 
(55.3
)
 
(5.3
)
 
2.2

 
(590.5
)
Amounts reclassified from accumulated other comprehensive loss
 
56.5

 
—

 
(12.1
)
 
—

 
44.4

Other comprehensive income (loss)
 
(475.6
)
 
(55.3
)
 
(17.4
)
 
2.2

 
(546.1
)
Balance as of September 30, 2019
 
$
(1,133.7
)
 
$
(341.3
)
 
$
(13.0
)
 
$
—

 
$
(1,488.0
)
Reclassification of Accumulated Other Comprehensive Income (Loss)
The reclassifications out of accumulated other comprehensive loss to the Consolidated Statement of Operations were (in millions):
 
Year Ended September 30,
 
Affected Line in the Consolidated Statement of Operations
 
2019
 
2018
 
2017
 
 
Pension and other postretirement benefit plan adjustments:
 
 
 
 
 
 
 
Amortization of prior service credit
$
(4.2
)
 
$
(4.9
)
 
$
(9.8
)
 
(a)
Amortization of net actuarial loss
78.7

 
115.1

 
155.2

 
(a)
Settlements
1.2

 
0.7

 
2.8

 
(a)
 
75.7

 
110.9

 
148.2

 
Income before income taxes
 
(19.2
)
 
(30.4
)
 
(50.6
)
 
Income tax provision
 
$
56.5

 
$
80.5

 
$
97.6

 
Net income
 
 
 
 
 
 
 
 
Net unrealized (gains) losses on cash flow hedges:
 
 
 
 
 
 
 
Forward exchange contracts
$
(1.0
)
 
$
(2.4
)
 
$
(0.3
)
 
Sales
Forward exchange contracts
(18.2
)
 
17.2

 
2.8

 
Cost of sales
Forward exchange contracts
1.3

 
(1.2
)
 
0.5

 
Selling, general and administrative expenses
Treasury locks related to 2019 debt issuance
1.2

 
—

 
—

 
Interest expense
 
(16.7
)
 
13.6

 
3.0

 
Income before income taxes
 
4.6

 
(3.5
)
 
(1.0
)
 
Income tax provision
 
$
(12.1
)
 
$
10.1

 
$
2.0

 
Net income
 
 
 
 
 
 
 
 
Total reclassifications
$
44.4

 
$
90.6

 
$
99.6

 
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 13 for further information.