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Derivative Financial Instruments and Hedging (Tables)
 9 Months Ended
Jun. 30, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Notional amounts of derivatives held
 
 
June 30,
2017
 
September 30,
2016
Not designated as hedging instruments under ASC Topic 815:
 
 
 
 
Commodity contracts
 
77.1

 
49.8

Energy contracts
 
32.6

 
23.6

Foreign exchange contracts - Option contracts, net (a)
 
—

 
—

Foreign exchange contracts - Cross-currency swaps
 
448.7

 
—

Interest rate swap
 
76.4

 
77.6

Interest rate swaps - Rate-lock swaps
 
1,649.3

 
1,649.3

Designated as hedging instruments under ASC Topic 815:
 
 
 
 
Foreign exchange contracts - Forward contracts
 
24.0

 
—

Interest rate swap
 
1,000.0

 
—
Derivative Instruments in Condensed Consolidated Balance Sheets
 
 
 
 
Fair Value
 
Portion Designated as Hedging Instruments
 
 
Balance Sheet Location
 
June 30,
2017
 
September 30,
2016
 
June 30,
2017
 
September 30,
2016
Asset Derivatives:
 
 
 
 
 
 
 
 
 
 
Commodity contracts
 
Prepaid expenses and other current assets
 
$
4.6

 
$
0.6

 
$
—

 
$
—

Energy contracts
 
Prepaid expenses and other current assets
 
1.6

 
2.4

 
—

 
—

Foreign exchange contracts
 
Prepaid expenses and other current assets
 
1.8

 
—

 
0.5

 
—

Foreign exchange contracts
 
Other assets
 
0.3

 
—

 
0.3

 
—

 
 
 
 
$
8.3

 
$
3.0

 
$
0.8

 
$
—

 
 
 
 
 
 
 
 
 
 
 
Liability Derivatives:
 
 
 
 
 
 
 
 
 
 
Commodity contracts
 
Other current liabilities
 
$
0.6

 
$
3.3

 
$
—

 
$
—

Energy contracts
 
Other current liabilities
 
0.4

 
0.2

 
—

 
—

Foreign exchange contracts
 
Other current liabilities
 
2.0

 
—

 
—

 
—

Foreign exchange contracts
 
Other liabilities
 
14.0

 
—

 
—

 
—

Interest rate swaps
 
Other current liabilities
 
2.4

 
2.0

 
0.5

 
—

Interest rate swaps
 
Other liabilities
 
199.6

 
313.2

 
2.8

 
—

 
 
 
 
$
219.0

 
$
318.7

 
$
3.3

 
$
—
Effect of Derivative Instruments on the Condensed Consolidated Statement of Operations and Condensed Consolidated Statement of Other Comprehensive (Loss) Income
The following tables present the effects of the Company’s derivative instruments on the Company’s Condensed Consolidated Statements of Operations and Condensed Consolidated Statements of Comprehensive (Loss) Income (“OCI”) for the three months ended June 30, 2017 and 2016.
Derivatives Not Designated as Hedging Instruments
 
Statement of Operations Location
 
(Gain) Loss Recognized in Statement of Operations
 
 
2017
 
2016
Commodity contracts
 
Cost of goods sold
 
$
(6.9
)
 
$
(1.0
)
Energy contracts
 
Cost of goods sold
 
1.5

 
(4.1
)
Foreign exchange contracts
 
Selling, general and administrative expenses
 
0.8

 
—

Foreign exchange contracts
 
Other expense (income), net
 
14.7

 
—

Interest rate swaps
 
Other expense (income), net
 
30.5

 
62.6

Cash Flow Hedges
 
(Gain) Loss Recognized in OCI [Effective Portion]
 
Loss Reclassified from Accumulated OCI into Earnings [Effective Portion]
 
(Gain) Loss Recognized in Earnings [Ineffective Portion and Amount Excluded from Effectiveness Testing]
 
Statement of Operations Location
 
2017
 
2016
 
2017
 
2016
 
2017
 
2016
 
Foreign exchange contracts
 
$
(0.9
)
 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
Selling, general and administrative expenses
Interest rate swaps
 
3.6

 
—

 
0.3

 
—

 
—

 
—

 
Interest expense, net

The following tables present the effects of the Company’s derivative instruments on the Company’s Condensed Consolidated Statements of Operations and Condensed Consolidated Statements of Comprehensive (Loss) Income for the nine months ended June 30, 2017 and 2016.
Derivatives Not Designated as Hedging Instruments
 
Statement of Operations Location
 
(Gain) Loss Recognized in Statement of Operations
 
 
2017
 
2016
Commodity contracts
 
Cost of goods sold
 
$
(3.5
)
 
$
3.2

Energy contracts
 
Cost of goods sold
 
1.8

 
0.8

Foreign exchange contracts
 
Selling, general and administrative expenses
 
0.9

 
—

Foreign exchange contracts
 
Other expense (income), net
 
14.7

 
—

Interest rate swaps
 
Other expense (income), net
 
(115.0
)
 
169.4


Cash Flow Hedges
 
(Gain) Loss Recognized in OCI [Effective Portion]
 
Loss Reclassified from Accumulated OCI into Earnings [Effective Portion]
 
(Gain) Loss Recognized in Earnings [Ineffective Portion and Amount Excluded from Effectiveness Testing]
 
Statement of Operations Location
 
2017
 
2016
 
2017
 
2016
 
2017
 
2016
 
Foreign exchange contracts
 
$
(0.9
)
 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
Selling, general and administrative expenses
Interest rate swaps
 
3.6

 
—

 
0.3

 
—

 
—

 
—

 
Interest expense, net