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Financial Instruments (Tables)
 6 Months Ended
Mar. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Notional Amounts of Outstanding Derivatives
The following table summarizes our outstanding interest rate management contracts and cross currency interest rate swaps:
 
 
31 March 2017
 
30 September 2016
 
 
US$
Notional
 
Average
Pay %
 
Average
Receive
%
 
Years
Average
Maturity
 
US$
Notional
 
Average
Pay %
 
Average
Receive
%
 
Years
Average
Maturity
Interest rate swaps
(fair value hedge)
 
$
600.0

 
LIBOR

 
2.28
%
 
1.8
 
$
600.0

 
LIBOR

 
2.28
%
 
2.3
Cross currency interest rate swaps
(net investment hedge)
 
$
503.4

 
3.24
%
 
2.39
%
 
2.0
 
$
517.7

 
3.24
%
 
2.43
%
 
2.6
Cross currency interest rate swaps
(cash flow hedge)
 
$
1,088.9

 
4.77
%
 
2.72
%
 
2.8
 
$
1,088.9

 
4.77
%
 
2.72
%
 
3.3
Cross currency interest rate swaps
(not designated)
 
$
41.7

 
3.40
%
 
1.78
%
 
1.9
 
$
27.4

 
3.62
%
 
.81
%
 
1.8
The table below summarizes our outstanding currency price risk management instruments:
 
 
31 March 2017
 
30 September 2016
 
 
US$
Notional
 
Years
Average
Maturity
 
US$
Notional
 
Years
Average
Maturity
Forward Exchange Contracts:
 
 
 
 
 
 
 
 
Cash flow hedges
 
$
3,472.9

 
.5

 
$
4,130.3

 
.5

Net investment hedges
 
664.4

 
3.2

 
968.2

 
2.7

Not designated
 
1,526.1

 
.3

 
2,648.3

 
.4

Total Forward Exchange Contracts
 
$
5,663.4

 
.7

 
$
7,746.8

 
.7
Fair Value of Derivative Instruments
The table below summarizes the fair value and balance sheet location of our outstanding derivatives:
 
Balance Sheet
Location
31 March 2017
30 September 2016
Balance Sheet
Location
31 March 2017
30 September 2016
Derivatives Designated as Hedging Instruments:
 
 
 
 
 
 
Forward exchange contracts
Other receivables
$
36.3

$
72.3

Accrued liabilities
$
76.7

$
44.0

Interest rate management contracts
Other receivables
37.6

19.9

Accrued liabilities
.4

—

Forward exchange contracts
Other noncurrent
assets
72.6

44.4

Other noncurrent
liabilities
1.2

9.1

Interest rate management contracts
Other noncurrent
assets
155.0

160.0

Other noncurrent
liabilities
22.5

12.0

Total Derivatives Designated as Hedging Instruments
 
$
301.5

$
296.6

 
$
100.8

$
65.1

Derivatives Not Designated as Hedging Instruments:
 
 
 
 
 
 
Forward exchange contracts
Other receivables
$
20.3

$
77.1

Accrued liabilities
$
13.1

$
29.5

Interest rate management contracts
Other noncurrent
assets
3.7

—

Other noncurrent
liabilities
.8

.7

Total Derivatives Not Designated as Hedging Instruments
 
$
24.0

$
77.1

 
$
13.9

$
30.2

Total Derivatives
 
$
325.5

$
373.7

 
$
114.7

$
95.3
Schedule of Gain/Loss Related to Derivative Instruments
The table below summarizes the gain or loss related to our cash flow hedges, fair value hedges, net investment hedges, and derivatives not designated as hedging instruments:
 
Three Months Ended 31 March
 
Forward
Exchange Contracts
Foreign Currency
Debt
Other (A)
Total
 
2017
2016
2017
2016
2017
2016
2017
2016
Cash Flow Hedges, net of tax:
 
 
 
 
 
 
 
 
Net gain (loss) recognized in OCI (effective portion)
$
11.1

$
32.5

$
—

$
—

$
(26.5
)
$
(19.7
)
$
(15.4
)
$
12.8

Net (gain) loss reclassified from OCI to sales/cost of sales (effective portion)
1.2

.5

—

—

—

—

1.2

.5

Net (gain) loss reclassified from OCI to other income (expense), net (effective portion)
(10.8
)
(30.2
)
—

—

15.8

16.5

5.0

(13.7
)
Net (gain) loss reclassified from OCI to interest expense (effective portion)
(1.6
)
1.2

—

—

.7

.8

(.9
)
2.0

Net (gain) loss reclassified from OCI to other income (expense), net (ineffective portion)
.5

.1

—

—

—

—

.5

.1

Fair Value Hedges:
 
 
 
 
 
 
 
 
Net gain (loss) recognized in interest expense(B) 
$
—

$
—

$
—

$
—

$
(2.8
)
$
7.2

$
(2.8
)
$
7.2

Net Investment Hedges, net of tax:
 
 
 
 
 
 
 
 
Net gain (loss) recognized in OCI
$
(.8
)
$
(9.4
)
$
(7.8
)
$
(17.9
)
$
(6.5
)
$
1.9

$
(15.1
)
$
(25.4
)
Derivatives Not Designated as Hedging Instruments:
 
 
 
 
 
 
 
 
Net gain (loss) recognized in other income (expense), net(C)
$
(2.5
)
$
.2

$
—

$
—

$
(.6
)
$
(.6
)
$
(3.1
)
$
(.4
)
 
 
 
 
 
 
 
 
 
 
Six Months Ended 31 March
 
Forward
Exchange Contracts
Foreign Currency
Debt
Other (A)
Total
 
2017
2016
2017
2016
2017
2016
2017
2016
Cash Flow Hedges, net of tax:
 
 
 
 
 
 
 
 
Net gain (loss) recognized in OCI (effective portion)
$
(48.3
)
$
27.8

$
—

$
—

$
23.1

$
1.0

$
(25.2
)
$
28.8

Net (gain) loss reclassified from OCI to sales/cost of sales (effective portion)
5.8

1.4

—

—

—

—

5.8

1.4

Net (gain) loss reclassified from OCI to other income (expense), net (effective portion)
38.7

(32.0
)
—

—

(12.4
)
(3.7
)
26.3

(35.7
)
Net (gain) loss reclassified from OCI to interest expense (effective portion)
(2.4
)
2.6

—

—

1.4

1.6

(1.0
)
4.2

Net (gain) loss reclassified from OCI to other income (expense), net (ineffective portion)
.3

(.3
)
—

—

—

—

.3

(.3
)
Fair Value Hedges:
 
 
 
 
 
 
 
 
Net gain (loss) recognized in interest expense(B) 
$
—

$
—

$
—

$
—

$
(11.9
)
$
(1.8
)
$
(11.9
)
$
(1.8
)
Net Investment Hedges, net of tax:
 
 
 
 
 
 
 
 
Net gain (loss) recognized in OCI
$
27.1

$
(6.4
)
$
34.0

$
(10.3
)
$
6.6

$
8.4

$
67.7

$
(8.3
)
Derivatives Not Designated as Hedging Instruments:
 
 
 
 
 
 
 
 
Net gain (loss) recognized in other income (expense), net(C)
$
(.4
)
$
(.2
)
$
—

$
—

$
.2

$
(.6
)
$
(.2
)
$
(.8
)
(A) 
Other includes the impact on other comprehensive income (OCI) and earnings primarily related to interest rate and cross currency interest rate swaps.
(B) 
The impact of fair value hedges noted above was largely offset by recognized gains and losses resulting from the impact of changes in related interest rates on outstanding debt.
(C) 
The impact of the non-designated hedges noted above was largely offset by recognized gains and losses resulting from the impact of changes in exchange rates on assets and liabilities denominated in non-functional currencies.