XML 76 R43.htm IDEA: XBRL DOCUMENT v3.10.0.1
Derivatives (Tables)
12 Months Ended
Sep. 30, 2018
Derivatives [Abstract]  
Schedule Of Interest Rate Swap Derivative Financial Instruments



 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



 

2018

 

2017

(in millions)

 

Notional Amount

 

Remaining Years

 

Notional Amount

 

Remaining Years

Interest rate swaps - fixed

 

$

300.0 

 

 

1.6 

 

$

300.0 

 

 

2.6 



Schedule Of Commodity Swap Contracts Outstanding



 

 

 

 

 

 

 

 

 

 

 

 



 

2018

 

2017

(in millions, except notional)

 

Notional

 

Contract Value

 

Notional

 

Contract Value

Brass swap contracts

 

 

1.0 Tons

 

$

5.6 

 

 

1.3 Tons

 

$

6.6 



Schedule Of Fair Value Of Outstanding Derivative Instruments



 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

(in millions)

 

Line Item

 

2018

 

2017

Derivative Assets

 

 

 

 

 

 

 

 

Commodity swaps - designated as hedge

 

Other receivables

 

$

 

$

0.6 

Interest rate swaps - designated as hedge

 

Other receivables

 

 

1.8 

 

 

Interest rate swaps - designated as hedge

 

Deferred charges and other

 

 

1.0 

 

 

0.4 

Foreign exchange contracts - designated as hedge

 

Other receivables

 

 

0.1 

 

 

Foreign exchange contracts - designated as hedge

 

Deferred charges and other

 

 

 

 

0.2 

Foreign exchange contracts - not designated as hedge

 

Other receivables

 

 

0.1 

 

 

0.3 

Total Derivative Assets

 

 

 

$

3.0 

 

$

1.5 

Derivative Liabilities

 

 

 

 

 

 

 

 

Commodity swaps - designated as hedge

 

Accounts payable

 

$

0.4 

 

$

Interest rate swaps - designated as hedge

 

Other current liabilities

 

 

 

 

0.5 

Interest rate swaps - designated as hedge

 

Accrued interest

 

 

(0.3)

 

 

0.2 

Foreign exchange contracts - designated as hedge

 

Accounts payable

 

 

0.2 

 

 

2.3 

Foreign exchange contracts - designated as hedge

 

Other long term liabilities

 

 

0.2 

 

 

Foreign exchange contracts - not designated as hedge

 

Accounts payable

 

 

0.1 

 

 

0.3 

Total Derivative Liabilities

 

 

 

$

0.6 

 

$

3.3 



Summary Of Impact Of Effective And Ineffective Portions Of Cash Flow Hedges And Gain (Loss) Realized



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

Effective Portion

 

 

For the year ended

 

 

 

 

 

 

 

 

 

Reclassified to

 

Ineffective portion

September 30, 2018

 

Gain (Loss)

 

Reclassified to Continuing Operations

 

Discontinued

 

Continuing Operations

 

Discontinued

(in millions)

 

in OCI

 

Line Item

 

Gain (Loss)

 

Operations

 

Line Item

 

Gain (Loss)

 

Operations

Interest rate swaps

 

$

4.0 

 

Interest expense

 

$

 

$

1.1 

 

Interest expense

 

$

 

$

1.2 

Commodity swaps

 

 

(4.5)

 

Cost of goods sold

 

 

0.7 

 

 

2.4 

 

Cost of goods sold

 

 

 

 

Net investment hedge

 

 

6.2 

 

Other non-operating expense

 

 

 

 

 

Other non-operating expense

 

 

 

 

Foreign exchange contracts

 

 

(0.1)

 

Net sales

 

 

0.1 

 

 

 

Net sales

 

 

 

 

Foreign exchange contracts

 

 

10.8 

 

Cost of goods sold

 

 

(1.0)

 

 

(10.2)

 

Cost of goods sold

 

 

 

 

Total

 

$

16.4 

 

 

 

$

(0.2)

 

$

(6.7)

 

 

 

$

 

$

1.2 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

Effective Portion

 

 

For the year ended

 

 

 

 

 

 

 

 

 

Reclassified to

 

Ineffective portion

September 30, 2017

 

Gain (Loss)

 

Reclassified to Continuing Operations

 

Discontinued

 

Continuing Operations

 

Discontinued

(in millions)

 

in OCI

 

Line Item

 

Gain (Loss)

 

Operations

 

Line Item

 

Gain (Loss)

 

Operations

Interest rate swaps

 

$

(0.7)

 

Interest expense

 

$

(1.3)

 

$

 

Interest expense

 

$

 

$

Commodity swaps

 

 

6.2 

 

Cost of goods sold

 

 

0.7 

 

 

4.7 

 

Cost of goods sold

 

 

 

 

Net investment hedge

 

 

(24.0)

 

Other non-operating expense

 

 

 

 

 

Other non-operating expense

 

 

 

 

Foreign exchange contracts

 

 

0.4 

 

Net sales

 

 

 

 

 

Net sales

 

 

 

 

Foreign exchange contracts

 

 

(13.5)

 

Cost of goods sold

 

 

0.1 

 

 

6.6 

 

Cost of goods sold

 

 

 

 

Total

 

$

(31.6)

 

 

 

$

(0.5)

 

$

11.3 

 

 

 

$

 

$



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

Effective Portion

 

 

For the year ended

 

 

 

 

 

 

 

 

 

Reclassified to

 

Ineffective portion

September 30, 2016

 

Gain (Loss)

 

Reclassified to Continuing Operations

 

Discontinued

 

Continuing Operations

 

Discontinued

(in millions)

 

in OCI

 

Line Item

 

Gain (Loss)

 

Operations

 

Line Item

 

Gain (Loss)

 

Operations

Interest rate swaps

 

$

(0.4)

 

Interest expense

 

$

(1.9)

 

$

 

Interest expense

 

$

 

$

Commodity swaps

 

 

4.5 

 

Cost of goods sold

 

 

(1.4)

 

 

(2.3)

 

Cost of goods sold

 

 

 

 

Net investment hedge

 

 

0.6 

 

Other non-operating expense

 

 

 

 

 

Other non-operating expense

 

 

 

 

Foreign exchange contracts

 

 

(0.4)

 

Net sales

 

 

(0.2)

 

 

 

Net sales

 

 

 

 

Foreign exchange contracts

 

 

6.8 

 

Cost of goods sold

 

 

1.2 

 

 

5.7 

 

Cost of goods sold

 

 

 

 

Total

 

$

11.1 

 

 

 

$

(2.3)

 

$

3.4 

 

 

 

$

 

$



Summary Of Gain (Loss) Associated With Derivative Contracts Not Designated As Hedges



 

 

 

 

 

 

 

 

 

 

 

 

(in millions)

 

Line Item

 

2018

 

2017

 

2016

 

Foreign exchange contracts

 

Other non-operating (expense) income

 

$

(2.3)

 

$

1.9 

 

$

3.1