Accumulated Other Comprehensive (Loss)/Income (Tables)

12 Months Ended

Sep. 30, 2023

Schedule of Accumulated Other Comprehensive Income (Loss)

The following table presents the changes in accumulated other comprehensive (loss)/income (AOCI), net of tax by component:


	Foreign Currency Translation Adjustments (1)(2)		Pension Activity		Zinc Contracts		Foreign Currency Contracts		Interest Rate Swap		Total
Balance at September 30, 2020	$	(137.4)	$	(163.5)	$	3.4	$	(4.1)	$	(6.1)	(307.7)
OCI before reclassifications	27.6		22.0		3.4		(0.2)		7.6		60.4
Reclassifications to earnings	—		7.1		(3.2)		7.9		5.1		16.9
Balance at September 30, 2021	$	(109.8)	$	(134.4)	$	3.6	$	3.6	$	6.6	$	(230.4)
OCI before reclassifications	23.3		(11.8)		(1.0)		15.2		57.3		83.0
Reclassifications to earnings	8.8		5.7		(7.2)		(7.1)		1.9		2.1
Balance at September 30, 2022	$	(77.7)	$	(140.5)	$	(4.6)	$	11.7	$	65.8	$	(145.3)
OCI before reclassifications	(11.8)		(10.2)		2.3		(4.1)		14.8		(9.0)
Reclassifications to earnings	(0.2)		40.4		1.8		(5.5)		(19.9)		16.6

Balance at September 30, 2023	$	(89.7)	$	(110.3)	$	(0.5)	$	2.1	$	60.7	$	(137.7)

Reclassification out of Accumulated Other Comprehensive Income

The following table presents the reclassifications from AOCI:



	For the Years Ended September 30,
Amount Reclassified from AOCI (1)	2023		2022		2021		Affected Line Item in the Consolidated Statements of Earnings
Gains and losses on cash flow hedges
Foreign exchange contracts	$	(7.5)	$	(9.6)	$	10.4	Cost of products sold
Interest rate swaps	(26.0)		2.5		6.7		Interest expense
Zinc contracts	2.4		(9.4)		(4.2)		Cost of products sold
	(31.1)		(16.5)		12.9		(Earnings) / Loss before income taxes
	7.5		4.1		(3.1)		Income tax provision / (benefit)
	$	(23.6)	$	(12.4)	$	9.8
Amortization of defined benefit pension items
Actuarial losses	$	2.7	$	7.2	$	8.9	(2)


Settlement losses on other plans	50.2		0.2		0.2		(2)
	52.9		7.4		9.1		Loss before income taxes
	(12.5)		(1.7)		(2.0)		Income tax benefit
	$	40.4	$	5.7	$	7.1


Total reclassifications for the period	$	16.8	$	(6.7)	$	16.9

(1) Amounts in parentheses indicate credits to Consolidated Statements of Earnings.

(2) These AOCI components are included in the computation of net periodic benefit cost (see Note 13, Pension Plans, for further details) and recorded in Other items, net.