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Financial Instruments (Tables)
12 Months Ended
Sep. 30, 2015
Financial Instruments [Abstract]  
Schedule of Outstanding Currency Price Risk Management Instruments
30 September 201530 September 2014
YearsYears
US$AverageUS$Average
Notional MaturityNotionalMaturity
Forward Exchange Contracts
Cash flow hedges$4,543.8.5$2,965.5.7
Net investment hedges491.34.0685.92.9
Not designated863.3.7381.5.1
Total Forward Exchange Contracts$5,898.4.9$4,032.91.0
Schedule of Interest Rate Swaps and Cross Currency Interest Rate Swaps
The following table summarizes our outstanding interest rate management contracts and cross currency interest rate swaps:
30 September 201530 September 2014
AverageYearsAverageYears
US$ReceiveAverageUS$ReceiveAverage
NotionalPay %%MaturityNotionalPay %%Maturity
Interest rate swaps (fair value hedge)$600.0LIBOR2.77%3.3$600.0LIBOR2.77%4.3
Cross currency interest rate swaps
(net investment hedge)$609.9 4.06% 2.61%3.2$404.5 3.70% 1.15%2.7
Interest rate swaps (cash flow hedge)$- - --$431.7 2.36% .71%.4
Cross currency interest rate swaps
(cash flow hedge)$1,055.2 4.29% 2.63%3.9$446.3 3.39% 2.86%4.2
Cross currency interest rate swaps
(not designated)$12.9 3.12% 3.08%4.1$15.4 3.62% .05%.8
Fair Value of Derivative Instruments
The table below summarizes the fair value and balance sheet location of our outstanding derivatives:
Balance Sheet 30 SeptemberBalance Sheet 30 September
Location20152014Location20152014
Derivatives Designated as
Hedging Instruments:
Forward exchange contractsOther receivables$52.1$78.9Accrued liabilities$110.7$61.8
Interest rate management contractsOther receivables17.621.1Accrued liabilities-18.8
Other noncurrentOther noncurrent
Forward exchange contractsassets68.510.5liabilities9.23.1
Other noncurrentOther noncurrent
Interest rate management contractsassets153.454.6liabilities.8.3
Total Derivatives Designated as
Hedging Instruments$291.6$165.1$120.7$84.0
Derivatives Not Designated as
Hedging Instruments:
Forward exchange contractsOther receivables$3.2$4.0Accrued liabilities$3.9$1.9
Interest rate management contractsOther receivables-2.6Accrued liabilities--
Other noncurrentOther noncurrent
Forward exchange contractsassets23.3-liabilities.6-
Other noncurrentOther noncurrent
Interest rate management contractsassets.8-liabilities--
Total Derivatives Not Designated
as Hedging Instruments$27.3$6.6$4.5$1.9
Total Derivatives $318.9$171.7$125.2$85.9
Schedule of Gain/Loss Related to Derivative Instruments
The table below summarizes the gain or loss related to our cash flow hedges, fair value hedges, net investment hedges, and derivatives
not designated as hedging instruments:
Year Ended 30 September
ForwardForeign Currency
Exchange ContractsDebtOther (A)Total
20152014201520142015201420152014
Cash Flow Hedges, net of tax:
Net gain (loss) recognized in OCI
(effective portion)$(44.9)$(4.5)$-$-$9.9$(10.7)$(35.0)$(15.2)
Net (gain) loss reclassified from OCI
to sales/cost of sales (effective portion).6.7----.6.7
Net (gain) loss reclassified from OCI to other
income (expense), net (effective portion)35.61.7--(20.2)(9.5)15.4(7.8)
Net (gain) loss reclassified from OCI
to interest expense (effective portion).7(1.4)--2.6.33.3(1.1)
Net (gain) loss reclassified from OCI to other
income (expense), net (ineffective portion)1.5(.9)----1.5(.9)
Fair Value Hedges:
Net gain (loss) recognized in interest expense(B) $-$-$-$-$9.9$(5.0)$9.9$(5.0)
Net Investment Hedges, net of tax:
Net gain (loss) recognized in OCI $60.1$17.1$91.4$51.5$49.5$17.0$201.0$85.6
Derivatives Not Designated as Hedging
Instruments:
Net gain (loss) recognized in other income
(expense), net(C)$(7.3)$(7.2)$-$-$.6$1.5$(6.7)$(5.7)
(A) Other includes the impact on other comprehensive income (OCI) and earnings primarily related to interest rate and cross currency
rate swaps.
(B) The impact of fair value hedges noted above was largely offset by gains and losses resulting from the impact of changes in related
interest rates on recognized outstanding debt.
(C) The impact of the non-designated hedges noted above was largely offset by gains and losses resulting from the impact of changes
in exchange rates on recognized assets and liabilities denominated in nonfunctional currencies.